Philharmonia Foundation FY2022 filing

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 13-2971607Revenue $97K in FY2022

On file with the IRSCo Jhpa 70 West 36th Street 12e, 10018-0000 · New York, NYTax-exempt since Mar 1979Publicly supported charity — 170(b)(1)(A)(vi)

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Promote and advance education and to cultivate and improve public taste in music

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $115K a year · 52% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $78K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
+14% vs prior year
Spent
$339K
To programs
97%
Net assets
$185K
By yearFY2020–FY2025
Revenue
$97K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$358K
FY2021$85K
FY2022$97K
FY2023$90K
FY2024$181K
FY2025$516K
Expenses
$339K
FY2022▲ +672%
Tap a bar for its year
Expenses by fiscal year
FY2020$36K
FY2021$44K
FY2022$339K
FY2023$27K
FY2024$119K
FY2025$71K
Net assets
$185K
FY2022▼ -57%
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$428K
FY2022$185K
FY2023$248K
FY2024$310K
FY2025$762K

From the FY2022 Form 990 (year ending May 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $330K Management & general 3% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Philharmonia Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes education and cultivates public taste in music.

Questions for Philharmonia Foundation

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Provided by the organization

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1 program · $330K · in their own filed words · FY2021
01

To promote and advance education and to cultivate and improve public taste in music

$330Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$129K
Money outPt IX
$339K
Ln 25
Programscol B$330K
Managementcol C$9K
Owns and owesPt X
$185K
net assets · Ln 32
Cash and savingsLn 1–2$231K
Total assetsLn 16$231K
LiabilitiesLn 26$46K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Fundraising eventsLn 1c$114K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$231K
Cash and savings togetherLn 1–2$231K
Total assetsLn 16$231K
LiabilitiesLn 26$46K
Net assetsLn 32$185K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$551K$231K
Total assetsLn 16$551K$231K
LiabilitiesLn 26$124K$46K
Net assetsLn 32$428K$185K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$330K$330K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
Other expenses (24a–d)Ln 24$428$428
Total functional expensesLn 25$339K$330K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $516K$71K$445K$762K 990 PDF
FY2024 $181K$119K$63K$310K 990 PDF
FY2023 $90K$27K$63K$248K 990 PDF
FY2022 Viewing $97K$339K−$243K$185K 990 PDF
FY2021 $85K$44K$41K$428K 990 PDF
FY2020 $358K$36K$322K$387K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $96,630 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,706$129,420
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0−$32,790
I-12 Total revenuePrior year $84,706$96,630
I-13 Grants and similar amounts paidPrior year $30,007$330,110
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,926$9,219
I-18 Total expensesPrior year $43,933$339,329
I-19 Revenue less expensesPrior year $40,773−$242,699
Part VI · Governance 19 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $96,630 across 5 lines filed
VIII-1c Fundraising events$113,500
VIII-1f All other contributions, gifts and grants$15,920
VIII-1h Total contributions, gifts and grants$129,420
VIII-8 Net income from fundraising eventsExcluded from tax −$32,790−$32,790
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$32,790$96,630
Part IX · Statement of functional expenses $339,329 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $330,110$330,110
IX-11a Management feesManagement $3,351$3,351
IX-11c Accounting feesManagement $4,150$4,150
IX-11g Other fees for servicesManagement $1,290$1,290
IX-24 Other expenses (24a–d)Management $428$428
IX-25 Total functional expensesPrograms $330,110 · Management $9,219 · Fundraising $0$339,329
Part X · Balance sheet $230,959 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $551,266$230,959
X-16 Total assetsStart of year $551,266$230,959
X-17 Accounts payable and accrued expensesStart of year $23,173$9,678
X-18 Grants payable$3,500
X-25 Other liabilitiesStart of year $100,403$32,790
X-26 Total liabilitiesStart of year $123,576$45,968
X-27 Net assets without donor restrictionsStart of year $427,690$184,991
X-32 Total net assets or fund balancesStart of year $427,690$184,991
X-33 Total liabilities and net assetsStart of year $551,266$230,959
Part XI · Reconciliation of net assets $184,991 net assets at year end
XI-1 Total revenue$96,630
XI-2 Total expenses$339,329
XI-3 Revenue less expenses−$242,699
XI-4 Net assets at start of year$427,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,991

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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