2024-07-15T15:41:50-05:00 2023-08-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-09-01 131664054 THE PHILHARMONIC SYMPHONY SOCIETY OF NY INC PHIL 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 KATHIE PARSONS CFO 2128755000 2024-07-12 1 KATHIE PARSONS 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2024-07-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NEW YORK PHILHARMONIC PETER MAY OSCAR TANG 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 114432452 0 X WWW.NYPHIL.ORG X 1853 NY SEE SCHEDULE O.TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, AND TO INCULCATE AN INTEREST IN SYMPHONIC MUSIC AMONG ITS MEMBERS IN NEW YORK CITY AND ACROSS THE WORLD. 56 55 791 128 53757 49248 80435998 61593751 11502964 30488810 29347298 4951513 -460858 -121240 120825402 96912834 0 0 0 0 49953231 48296947 242019 254460 6904815 23416296 43394899 73611546 91946306 47213856 4966528 578204274 591925901 155275466 137021141 422928808 454904760 X SEE SCHEDULE O.THE MISSION OF THE NEW YORK PHILHARMONIC ENCOMPASSES THE FOLLOWING KEY ATTRIBUTES:(1) TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS; (2) TO INCULCATE AN INTEREST IN SYMPHONIC MUSIC AMONG ITS MEMBERS IN NEW YORK CITY AND ACROSS THE WORLD, AND TO CONTINUE TO FOSTER INTEREST IN AND APPRECIATION OF MUSIC; (3) TO PRESENT SYMPHONIC AND OTHER MUSICAL PERFORMANCES IN DAVID GEFFEN HALL AS WELL AS OTHER VENUES; AND(4) TO DELIVER AUDIO AND VISUAL RECORDINGS AND LIVE PERFORMANCES BROADCAST OVER THE RADIO, TELEVISION AND THE WORLD WIDE WEB. 0 0 57523504 29954100 SEE SCHEDULE O. 2745775 534710 SEE SCHEDULE O. 60269279 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 212 0 1 791 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 56 55 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X ASHLEY PENA 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 PETER W MAY CO-CHAIRMAN 4.00 X X 0 0 0 OSCAR L TANG CO-CHAIRMAN 4.00 X X 0 0 0 LAURA Y CHANG VICE CHAIR 4.00 X X 0 0 0 KAREN T LEFRAK VICE CHAIR 4.00 X X 0 0 0 DARIA L WALLACH VICE CHAIR 4.00 X X 0 0 0 LINDA W HART TREASURER 4.00 X X 0 0 0 DAISY M SOROS SECRETARY 4.00 X X 0 0 0 ALEC BALDWIN DIRECTOR 4.00 X 0 0 0 DR KATHRYN BEAL DIRECTOR 4.00 X 0 0 0 RAPHAEL BEJARANO DIRECTOR 4.00 X 0 0 0 JOSHUA BELL DIRECTOR 4.00 X 0 0 0 FRANK BOTMAN DIRECTOR 4.00 X 0 0 0 YEFIM BRONFMAN DIRECTOR 4.00 X 0 0 0 ANGELA CHEN DIRECTOR 4.00 X 0 0 0 CHARLES CY CHEN DIRECTOR 4.00 X 0 0 0 ARTHUR CHU DIRECTOR 4.00 X 0 0 0 TOOS N DARUVALA DIRECTOR 4.00 X 0 0 0 LODEWIJK JR DE VINK DIRECTOR (THRU 06/23) 4.00 X 0 0 0 MISOOK DOOLITTLE DIRECTOR 4.00 X 0 0 0 ROY TREY D FARMER III DIRECTOR 4.00 X 0 0 0 CLAUDIO X GONZALEZ DIRECTOR 4.00 X 0 0 0 PETER GROSS DIRECTOR 4.00 X 0 0 0 PAUL B GUENTHER DIRECTOR 4.00 X 0 0 0 GURNEE FHART DIRECTOR 4.00 X 0 0 0 SHARON HITE DIRECTOR 4.00 X 0 0 0 ROBERT F HOERLE DIRECTOR 4.00 X 0 0 0 ANN JOHNSON DIRECTOR 4.00 X 0 0 0 PETER JUNGEN DIRECTOR 4.00 X 0 0 0 CHRISTOPHER KELLEN DIRECTOR 4.00 X 0 0 0 STEPHEN KAHNG DIRECTOR 4.00 X 0 0 0 GOLNAR KHOSROWSHAHI DIRECTOR 4.00 X 0 0 0 ALEXANDER KLABIN DIRECTOR 4.00 X 0 0 0 J CHRISTOPHER KOJIMA DIRECTOR 4.00 X 0 0 0 HONEY M KURTZ DIRECTOR 4.00 X 0 0 0 CHRISTIAN A LANGE DIRECTOR 4.00 X 0 0 0 TANIA LEON DIRECTOR 4.00 X 0 0 0 ROSS MCKNIGHT DIRECTOR 4.00 X 0 0 0 HAROLD MITCHELL AC DIRECTOR 4.00 X 0 0 0 JAMES L NEDERLANDER DIRECTOR 4.00 X 0 0 0 ELIZABETH A NEWMAN DIRECTOR 4.00 X 0 0 0 CHARLES F NIEMETH DIRECTOR 4.00 X 0 0 0 GARY W PARR DIRECTOR 4.00 X 0 0 0 ITZHAK PERLMAN DIRECTOR 4.00 X 0 0 0 JOEL I PICKET DIRECTOR 4.00 X 0 0 0 SUSAN ROSE DIRECTOR 4.00 X 0 0 0 CAROL D SCHAEFER DIRECTOR 4.00 X 0 0 0 OSCAR S SCHAFER DIRECTOR 4.00 X 0 0 0 LARRY A SILVERSTEIN DIRECTOR 4.00 X 0 0 0 JACKSON TAI DIRECTOR 4.00 X 0 0 0 LING TIAN DIRECTOR 4.00 X 0 0 0 SYLVIA TOTH DIRECTOR 4.00 X 0 0 0 DANIIL TRIFONOV DIRECTOR 4.00 X 0 0 0 MAGGIE UENG TSAI DIRECTOR 4.00 X 0 0 0 ALEX VOLCKHAUSEN DIRECTOR 4.00 X 0 0 0 MARY J WALLACH DIRECTOR 4.00 X 0 0 0 SANDRA F WARSHAWSKY DIRECTOR 4.00 X 0 0 0 DEBORAH BORDA PRESIDENT & CEO (THRU 07/23) 35.00 X X 1717344 0 68998 GARY GINSTLING ED (11/22-6/23) & CEO (START 07/23) 35.00 X X 172262 0 208 KATHIE PARSONS CHIEF FINANCIAL OFFICER 35.00 X 302798 0 32440 ADAM GERDTS SENIOR VICE PRESIDENT, PHILANTHROPY 35.00 X 450000 0 18287 ISAAC THOMPSON MANAGING DIRECTOR 35.00 X 522490 0 59870 FRANK HUANG CONCERTMASTER 37.00 X 909852 0 29899 ANTHONY MCGILL PRINCIPAL CLARINET 37.00 X 394715 0 29899 LIANG WANG PRINCIPAL OBOE 37.00 X 580044 0 17289 CARTER BREY PRINCIPAL CELLO 37.00 X 589359 0 22482 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 37.00 X 582369 0 29999 WILLIAM THOMAS FORMER EXECUTIVE DIRECTOR 35.00 X 393015 0 62333 6614248 0 371704 119 1 1 0 BAJADA PRODUCTIONS LLC PO BOX 670484 DALLAS TX 75367 CONDUCTOR 1525711 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 CONSULTANTS 695648 EXECUTIVE DIAGNOSTICS LLC 48 CORTLAND PLACE FIRST FLOOR TENAFLY NJ 07670 COVID TESTING LAB 600811 HIGH POINT NETWORKS LLC 728 EAST BEATON DRIVE WEST FARGO ND 58078 IT MANANGEMENT SERVICES 492881 SITUATION MARKETING LLC 469 7TH AVENUE SUITE 1300 NEW YORK NY 10018 MARKETING AGENCY 434913 17 264249 10558569 2101775 48669158 8275326 61593751 CONCERT RECEIPTS 711130 29763470 29763470 EDUCATIONAL PROGRAMS 711130 534710 534710 RECORDING & BROADCAST 711130 190630 190630 30488810 4963928 53757 4910171 33245 33245 16134039 16146454 -12415 -12415 -12415 1078605 10558569 1323138 -244533 -244533 25143 50026 -24883 -24883 SUPP PENSION PLAN DRAW 900099 82131 82131 OTHER REVENUE 900099 32800 32800 114931 96912834 30488810 53757 4776516 4340417 3827652 512765 240872 240872 33921089 24856369 6185948 2878772 3023561 2518870 404530 100161 4296800 2968544 988576 339680 2474208 1533840 716255 224113 214310 26595 187715 144700 144700 254460 254460 920960 907918 13042 1174107 163907 789555 220645 5416854 4499021 793525 124308 3142976 832360 1025152 1285464 960065 1372 953943 4750 1021394 17105 1004289 2946217 2721852 198755 25610 42435 5162 22514 14759 2852542 2852542 3871403 246257 2718860 906286 456950 71839 385111 PRODUCTION 8785471 8376122 409349 PERFORMING ARTISTS 6408973 6394522 14451 CONCERT HALL RENTAL 5035542 5035542 91946306 60269279 24772212 6904815 7397330 5116390 13368319 4418592 94667174 79770660 14505816 13915828 79432 68879 1966962 2317343 25480523 8886612 219918970 16593911 163028920 157586861 49489679 63598752 13781672 248538685 578204274 591925901 23723360 12792005 16713281 19278805 52776809 53723691 62062016 51226640 155275466 137021141 X -23294014 203522434 446222822 251382326 422928808 454904760 578204274 591925901 X 4966528 15680183 11329241 X 0 1 X 1 0 X 50949966 76270481 116663146 80435998 61591051 385910642 50949966 76270481 116663146 80435998 61591051 385910642 99050640 286860002 2766130 2183646 2657404 4806631 4997173 17410984 85632 92795 107274 285701 403607327 85672572 0.71070 0.66540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SUPP PENSION PLAN DRAW - 2020 AMOUNT: $ 85,632. 2021 AMOUNT: $ 92,795. 2022 AMOUNT: $ 82,131. SALE OF INVENTORY - 2022 AMOUNT: $ 25,143. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 228493580 1917111 18877721 12332460 236955952 268993763 2719069 -31622841 11596411 228493580 235554728 3157015 41589922 11307902 268993763 228892552 520612 18416698 12275134 235554728 221437903 17185278 1448915 11179544 228892552 0.05102 0.81125 0.13773 0 0 1725882 907097 818785 23593457 7979515 15613942 161184 161184 16593911 ALTERNATIVE INVESTMENTS 63598752 F 63598752 SPLIT INTEREST AGREEMENTS 12714432 OPERATING LEASE RIGHT-OF-USE ASSET 235824253 248538685 ACCRUED PENSION LIABILITY 20683602 ACCRUED POSTRETIREMENT BENEFIT 4633417 ANNUITIES PAYABLE 529967 DUE TO LINCOLN CENTER 25379654 51226640 X 124785373 15680183 410911 11329241 27420335 97365038 920960 -1373164 -452204 96912834 92809421 410911 1373164 1784075 91025346 920960 920960 91946306 PART III, LINE 1A: ARCHIVAL COLLECTION: THE SOCIETY MAINTAINS A COLLECTION OF HISTORIC AND CULTURALLY SIGNIFICANT MUSICAL DOCUMENTS. IN ACCORDANCE WITH THE COLLECTION POLICIES COMMONLY FOLLOWED BY MUSEUMS, THE COST OR VALUE OF THESE COLLECTION ITEMS IS NOT INCLUDED IN THE STATEMENT OF FINANCIAL POSITION. EACH ITEM IS CATALOGUED, PRESERVED, AND CARED FOR,AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. ITEMS PURCHASED FOR THE COLLECTION ARE RECORDED AS EXPENSES IN THE YEAR IN WHICH THE ITEMS ARE PURCHASED. PROCEEDS FROM DEACCESSIONS ARE CLASSIFIED AS UNRESTRICTED, EXCEPT WHEN DONOR RESTRICTIONS APPLY. PART III, LINE 4: DESCRIPTION OF COLLECTIONS: THE SOCIETY'S COLLECTIONS CONSIST OF ORIGINAL SCORES OF MUSIC AND OTHER HISTORIC PHOTOGRAPHS. PART V, LINE 4: THE SOCIETY'S ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED AND BOARD DESIGNATED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, INSTRUMENT CHAIRS, EDUCATION, AND GUEST SOLOISTS AND CONDUCTORS. PART X, LINE 2: THE SOCIETY IS A NONPROFIT ORGANIZATION PURSUANT TO THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE NEW YORK EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE. THE SOCIETY EVALUATED ITS CURRENT TAX POSITIONS AND CONCLUDED THAT AS OF AUGUST 31, 2023 AND 2022, THE SOCIETY DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION LIABIITIES 11,372,145. CHANGE IN VALUE OF CGA -42,904. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -1,323,138. COGS -50,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 1,323,138. COGS 50,026. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 8620216 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 25411448 NORTH AMERICA 0 0 INVESTMENTS 4402223 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ORCHESTRA TOURS 1016857 0 0 0 0 0 0 39450744 0 39450744 1 0 1 1 1 0 PART I, LINE 3: THE INVESTMENTS AND EXPENDITURES LISTED ON SCHEDULE F, PART I, ARE REPORTED AT FAIR VALUE AND ON THE ACCRUAL BASIS OF ACCOUNTING, RESPECTIVELY, IN ACCORDANCE WITH U.S. GAAP. PART III ACCOUNTING METHOD: X X X X X X X 1 DCM 330 W 38TH ST STE 207 NEW YORK NY 10018 TELEFUNDRAISING 0 523352 254460 268892 523352 254460 268892 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI INAUGURAL GALAS 8446149 8133648 312501 287430 397850 SPRING GALA 1616891 1132316 484575 28756 149850 52080 3 1574134 1292605 281529 21315 186617 125243 73997 11637174 10558569 1078605 50071 336467 412673 523927 1323138 -244533 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DEBORAH BORDA PRESIDENT & CEO (THRU 07/23) 1317344 0 400000 0 0 0 59257 0 9741 0 1786342 0 0 0 FRANK HUANG CONCERTMASTER 361713 0 548139 0 0 0 0 0 29899 0 939751 0 0 0 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 255858 0 326511 0 0 0 0 0 29999 0 612368 0 0 0 CARTER BREY PRINCIPAL CELLO 261040 0 328319 0 0 0 0 0 22482 0 611841 0 0 0 LIANG WANG PRINCIPAL OBOE 253524 0 326520 0 0 0 0 0 17289 0 597333 0 0 0 ISAAC THOMPSON MANAGING DIRECTOR 522490 0 0 0 0 0 43511 0 16359 0 582360 0 0 0 ADAM GERDTS SENIOR VICE PRESIDENT, PHILANTHROPY 450000 0 0 0 0 0 0 0 18287 0 468287 0 0 0 WILLIAM THOMAS FORMER EXECUTIVE DIRECTOR 393015 0 0 0 0 0 45589 0 16744 0 455348 0 0 0 ANTHONY MCGILL PRINCIPAL CLARINET 394715 0 0 0 0 0 0 0 29899 0 424614 0 0 0 KATHIE PARSONS CHIEF FINANCIAL OFFICER 302798 0 0 0 0 0 11008 0 21432 0 335238 0 0 0 GARY GINSTLING ED (11/22-6/23) & CEO (START 07/23) 117262 0 0 0 55000 0 0 0 208 0 172470 0 0 0 PART I, LINE 1A FIRST CLASS FLIGHTS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS. ON OCCASION, WHEN THERE IS NO COMMERCIAL FLIGHT AVAILABLE TO ACCOMMODATE THE TOURING SCHEDULE OF THE ORCHESTRA, A CHARTER FLIGHT MUST BE USED INSTEAD. PART I, LINE 3 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. THE AMOUNT SHOWN ON SCHEDULE J, COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ONLY. PART I, LINE 7 AS REPORTED IN SCHEDULE J, PART II, COLUMN B (II), CERTAIN EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY BONUSES UPON MEETING CERTAIN CRITERIA. X 29 8275326 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 4A DURING THE 2022/2023 SEASON 99 REGULAR SUBSCRIPTION CONCERTS WERE PERFORMED FOR A LISTENING AUDIENCE OF 193,419. THE NEW YORK PHILHARMONIC CONCERT PERFORMANCES MAINTAIN AND FOSTER AN INTEREST IN SYMPHONIC MUSIC FOR INDIVIDUALS OF DIVERGING CULTURES AND BACKGROUNDS. THE NEW YORK PHILHARMONIC PERIODICALLY MAKES RECORDINGS OF ITS PERFORMANCE FOR INTERNATIONAL SALES AND BROADCASTS ITS PERFORMANCES OVER THE RADIO NATIONALLY AND INTERNATIONALLY. THESE RECORDINGS BRINGS CLASSICAL MUSIC TO PEOPLE ALL OVER THE WORLD AND FOSTER THEIR APPRECIATION OF SYMPHONIC MUSIC AND REPERTOIRE. EACH SEASON THE NEW YORK PHILHARMONIC ORCHESTRA GOES ON TOUR INSIDE AND OUTSIDE THE UNITED STATES. THE TOURS HELPS TO FOSTER THE GLOBAL REPUTATION OF THE NEW YORK PHILHARMONIC BY BRINGING CLASSICAL MUSIC TO A BROADER AUDIENCE AND DIFFERENT CULTURES. SIXTEEN TOUR CONCERTS WERE ENJOYED BY AN AUDIENCE OF OVER 25,721 PEOPLE. FORM 990, PART III, LINE 4B THE NEW YORK PHILHARMONIC SPONSORS A NUMBER OF EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS. SOME OF THESE PROGRAMS ARE AS FOLLOWS: (1) TEACHERS SEMINARS ARE OPEN TO BOTH MUSIC AND NON-MUSIC TEACHERS. THESE PROFESSIONAL DEVELOPMENT SEMINARS EXPLORE BASIC PRINCIPLES OF MUSIC, AND THE REPERTOIRE OF THE NEW YORK PHILHARMONIC. EACH SEMINAR IS TAUGHT BY A FACULTY MEMBER OF THE PHILHARMONIC'S EDUCATION DEPARTMENT AND IS FOLLOWED BY AN EVENING CONCERT BY THE NEW YORK PHILHARMONIC. (2) THE NEW YORK PHILHARMONIC SUPPORTS A PARTNERSHIP PROGRAM WITH A NUMBER OF NEW YORK CITY PUBLIC SCHOOLS. THE GOALS OF THE PROGRAM ARE (A) TO BUILD A FUNDAMENTAL KNOWLEDGE OF MUSIC, OF A SYMPHONY ORCHESTRA AND ITS REPERTOIRE AMONG TEACHERS, STUDENTS AND PARENTS; (B) TO DEVELOP AN ONGOING MULTI-YEAR RELATIONSHIP WITH A BODY OF SCHOOLS IN NEW YORK CITY; AND (C) TO SET A STANDARD OF EXCELLENCE WHICH DEFINES A COMMUNITY. THE PROGRAM INVOLVES PROFESSIONAL DEVELOPMENT FOR TEACHERS, WORKSHOP FOR PARENTS, AND ONGOING IN-SCHOOL SESSIONS FOR STUDENTS SHARED BY THEIR TEACHERS AND TEACHING ARTISTS FROM THE NEW YORK PHILHARMONIC. (3) OPEN REHEARSALS. SCHOOL GROUPS AND THE GENERAL PUBLIC ARE INVITED ON SELECTED MORNINGS TO WATCH THE FASCINATING PROCESS OF A NEW YORK PHILHARMONIC REHEARSAL. (4) YOUNG PEOPLES CONCERTS ARE FORMED TO INTRODUCE YOUNG LISTENERS TO SOME OF THE GREAT MASTERWORKS OF ORCHESTRA, AND SOME OF THE WORLD'S GREAT MUSICIANS. WRITTEN MATERIALS ARE DISTRIBUTED TO THE CHILDREN AT THE CONCERTS. BEFORE EACH YOUNG PEOPLES CONCERT, FAMILIES CAN ENJOY CHILDREN'S PROMENADES, FEATURING A COLORFUL HOUR OF EXCITING DEMONSTRATIONS, MUSIC-MAKING ACTIVITIES AND A CHANCE FOR CHILDREN TO MEET MEMBERS OF THE ORCHESTRA. FOUR CONCERTS WERE PERFORMED THIS SEASON WITH 7,941 INDIVIDUALS. IN 2005-06 THE ORCHESTRA INTRODUCED VERY YOUNG PEOPLE'S CONCERTS FOR PRESCHOOLERS. SIX LIVE CONCERTS REACHED AN AUDIENCE OF 602 PEOPLE FORM 990, PART VI, SECTION B, LINE 11B THE SOCIETY'S FORM 990 IS PREPARED BY ITS INDEPENDENT ACCOUNTING FIRM WITH DATA PROVIDED BY ITS FINANCE DEPARTMENT. WHEN THE SOCIETY'S STAFF AND ACCOUNTING FIRM APPROVE THE DRAFT RETURN, IT IS THEN PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE SOCIETY'S BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL OFFICERS, DIRECTORS, AND SENIOR STAFF TO REVIEW AND DISCLOSE POTENTIAL CONFLICTS. RESPONSES ARE COMPILED AND REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE THE PERSONNEL AND GOVERNANCE COMMITTEE. THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEWS AND APPROVES ANY REVISION OF EMPLOYEE COMPENSATION WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT. THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDES SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION FINANCIAL STATEMENTS ARE POSTED ON THE SOCIETY'S WEBSITE. CONFLICT OF INTEREST POLICY AND CERTAIN GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 11,372,145. CHANGE IN VALUE OF CGA -42,904. CHARITABLE GIFT ANNUITIES (26) CHARITABLE TRUST NY N/A T 0 POOLED INCOME FUNDS (1) CHARITABLE TRUST NY N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0