New World Symphony INC
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Helps talented music graduates launch professional careers in orchestras and ensembles. For fiscal year 2025 it reported $21.5M in revenue, $26.2M in expenses, and $289.9M in net assets.Pt I
Summary of the Filing
Where the work happens
The fellowship programthrough a wide range of performance and instructional activities, the NWS fellowship program seeks to provide time and space for emerging musician leaders to prepare for long and successful careers.
Leadership developmentthrough its leadership training, NWS is equipping fellows with the experience and skills to design programs, media, or products to engage community and audience members with classical music.
Community engagementcommunity engagement is an important part of the NWS'S mission. The 21ST-CENTURY musician needs a set of non-music skills in addition to exceptional musical technique. NWS'S community engagement programs are learning experiences for the fellows and for our partners in the south florida community, across the U.S., and…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Howard Herring’s $457K as President & CEO is at the 85th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Howard Herring | $456,594 | $424,170 | $368,750 | $391,354 | $236,302 |
| David Phillips | $206,080 | $258,938 | — | $277,509 | $189,211 |
| David Phillips CFO | — | — | $258,957 | — | — |
| Maureen O'Brien | $250,726 | $245,933 | $234,385 | $240,767 | $143,883 |
| Martin Sher | — | $209,304 | $203,788 | $216,410 | $156,655 |
| Humberto Ortega | $214,491 | $174,133 | $144,423 | $138,125 | $102,396 |
| Clyde Scott | $209,646 | $203,250 | $144,985 | — | — |
| Martin Sher SVP Artistic | $204,985 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 79% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 19% | — | — |
| Revenue growth | -38% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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