Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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
48 people listed on the 990; $1.4M paid to officers and key staff.
Howard Herring’s $457K as President & CEO is at the 85th percentile of top reported officer pay among 3683 $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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps talented music graduates launch professional careers in orchestras and ensembles.
Questions for New World Symphony INC
Your first name shows with your question. New World Symphony INC answers here, for everyone.
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The Fellowship Program
Through 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 Development
Through 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 Engagement
Community 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 internationally.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $232K | $309K |
| InvestmentsLn 11–13 | $101.0M | $122.6M |
| Land, buildings, equipmentLn 10c | $144.3M | $141.9M |
| Total assetsLn 16 | $257.3M | $276.9M |
| LiabilitiesLn 26 | $17.7M | $22.5M |
| Net assetsLn 32 | $239.7M | $254.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.3M | $1.3M | ||
| Pay of current officers, directors and key staffLn 5 | $1.0M | $587K | $428K | |
| Other salaries and wagesLn 7 | $5.1M | $3.1M | $474K | $1.5M |
| Other employee benefitsLn 9 | $378K | $219K | $44K | $114K |
| Payroll taxesLn 10 | $809K | $471K | $162K | $176K |
| Legal feesLn 11b | $44K | $44K | ||
| Accounting feesLn 11c | $81K | $81K | ||
| Investment management feesLn 11f | $318K | $318K | ||
| Other fees for servicesLn 11g | $1.5M | $1.2M | $93K | $135K |
| Advertising and promotionLn 12 | $272K | $272K | ||
| Office expensesLn 13 | $138K | $4K | $130K | $5K |
| Information technologyLn 14 | $248K | $248K | ||
| RoyaltiesLn 15 | $41K | $41K | ||
| OccupancyLn 16 | $1.8M | $1.6M | $177K | $39K |
| TravelLn 17 | $23K | $21K | $729 | $2K |
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $330 | |
| InterestLn 20 | $440K | $405K | $26K | $9K |
| Depreciation, depletion and amortizationLn 22 | $5.4M | $5.2M | $98K | $131K |
| InsuranceLn 23 | $128K | $4K | $124K | |
| Other expenses (24a–d)Ln 24 | $1.1M | $829K | $165K | $72K |
| Total functional expensesLn 25 | $20.2M | $15.6M | $2.0M | $2.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $21.5M | $26.2M | −$4.7M | $289.9M | 990 PDF |
| FY2024 | $34.5M | $25.1M | $9.4M | $285.0M | 990 PDF |
| FY2023 | $5.7M | $23.8M | −$18.1M | $262.4M | 990 PDF |
| FY2022 | $46.4M | $22.8M | $23.6M | $262.0M | 990 PDF |
| FY2021 Viewing | $35.3M | $20.2M | $15.1M | $254.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $35,310,734 revenue, 12 lines filed
Part VI · Governance 36 of 36 board members independent, 1 to look at
Part VIII · Statement of revenue $35,310,734 across 11 lines filed
Part IX · Statement of functional expenses $20,165,935 across 20 lines filed
Part X · Balance sheet $276,856,221 assets, 16 lines filed
Part XI · Reconciliation of net assets $254,395,049 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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