NEW WORLD SYMPHONY INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- NEW WORLD SYMPHONY INC (EIN 59-2809056)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-08
- IRS object ID
- 201541289349301544
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-08T15:34:03-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE SE THIRD AVENUE SUITE 1100 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33131 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592809056 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW WORLD SYMPHONY INC | BusinessNameLine1 |
| Business Name Line2 | C/O DAVID PHILLIPS | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % DAVID PHILLIPS | InCareOfNm |
| Business Name Control | NEWW | BusinessNameControlTxt |
| Phone | 3054286700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 17TH STREET | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | MIAMI BEACH | City |
| State | FL | State |
| ZIP Code | 33139 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID PHILLIPS | PersonNm |
| Person Title | SR VP & CFO | PersonTitleTxt |
| Phone | 3059959600 | PhoneNum |
| Signature | 2015-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Donald Butler | PreparerPersonNm |
| PTIN | P00541422 | PTIN |
| Phone | 3059959600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID PHILLIPS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 17TH STREET | AddressLine1 |
| City | MIAMI BEACH | City |
| State | FL | State |
| ZIP Code | 33139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,684,851 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nws.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1987 | FormationYr |
| Legal Domicile State | FL | LegalDomicileStateCd |
| Activity Or Mission | THE NEW WORLD SYMPHONY, AMERICA'S ONLY FULL-TIME ORCHESTRAL ACADEMY, PREPARES GIFTED GRADUATES OF PRESTIGIOUS MUSIC PROGRAMS FOR SUCCESSFUL CAREERS IN ORCHESTRAS AND ENSEMBLES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 34 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 107 | TotalVolunteersCnt |
| Total Gross UBI | -$923,121 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$923,121 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,083,478 | PYContributionsGrantsAmt |
| CY Contributions Grants | $13,639,400 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,333,782 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,654,533 | CYProgramServiceRevenueAmt |
| PY Investment Income | $25,197,150 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,548,818 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$1,046,184 | PYOtherRevenueAmt |
| CY Other Revenue | -$995,425 | CYOtherRevenueAmt |
| PY Total Revenue | $38,568,226 | PYTotalRevenueAmt |
| CY Total Revenue | $19,847,326 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,454,549 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,408,439 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,385,655 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,052,984 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,579,260 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,577,154 | PYOtherExpensesAmt |
| CY Other Expenses | $16,642,819 | CYOtherExpensesAmt |
| PY Total Expenses | $20,417,358 | PYTotalExpensesAmt |
| CY Total Expenses | $19,104,242 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,150,868 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $743,084 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $266,694,036 | TotalAssetsBOYAmt |
| Total Assets EOY | $276,508,863 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $22,718,126 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,259,153 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $243,975,910 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $253,249,710 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The mission of the New World Symphony is to prepare gifted graduates of distinguished music programs for leadership roles in orchestras and ensembles throughout the world. The New World Symphony, America's Orchestral Academy (NWS), offers a three-year postgraduate fellowship program focusing on musical technique, performance, audience development, and community engagement. Founded in 1987 by Michael Tilson Thomas (MTT) and Ted Arison, NWS seeks to expand its 87 Fellows' musical and professional horizons beyond traditional conservatory training. Visiting faculty offer master classes, coaching, private lessons, and advanced seminars in audition training, performance psychology, communications, and community engagement. In addition, NWS Fellows perform weekly concerts, playing a diverse repertoire in an array of performance formats. NWS envisions a strong and secure future for classical music, seeking to redefine, reaffirm, and share its traditions with as many people as possible. NWS' ca | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $12,202,953 | ExpenseAmt |
| Grant | $1,408,439 | GrantAmt |
| Revenue | $1,654,534 | RevenueAmt |
| Desc | Orchestral Training: Each year, more than 150 visiting artists and coaches work with NWS Fellows, offering master classes and private lessons as well as instruction in audition preparation, performance psychology, communications, and community engagement. Instrumental coaches help prepare performance repertoire, lead sectional rehearsals, coach within ensemble settings, and play side-by-side with NWS Fellows in rehearsals and performances. Fellows learn how to connect with audience members in the concert hall and in the community. NWS' leadership development curriculum prepares Fellows to be self-confident, influential "artist-leaders" in whatever professional endeavors they pursue. Leveraging the Internet2 network-a high speed, next generation Internet-NWS Fellows also conduct and receive lessons, master classes, interviews, and rehearsals with musicians, composers, and performers around the world. In addition to this training, NWS Fellows participate in approximately 80 concerts over a 35-week season, offering a diverse repertoire through an array of performance formats to an annual audience of more than 60,000 South Florida residents and visitors. Under the direction of Michael Tilson Thomas, artistic programming is designed to give Fellows as broad a performing experience as possible. The repertoire includes solo, chamber ensemble, and full orchestra works ranging from compositions of the early 17th century to world premiere commissions. In addition to an Orchestra Subscription Series, NWS programming includes a chamber music series; a children's series; late-night "club concerts"; and a contemporary music series. With awards from the American Society of Composers, Authors and Publishers in 2003, 2007, 2008, 2009, 2011, and 2012 for Adventurous Programming of Contemporary Music, NWS continually demonstrates its commitment to new music. In the past five years, NWS has performed more than 15 world premiere pieces, most of which NWS commissioned or co-commissioned. The result of a multi-tiered training approach is an ever-growing cadre of NWS Fellows and alumni equipped with a deeper understanding of diverse styles and traditions within classical music; the ability to articulate this in their playing; and the skill to share their deeper understanding with audiences and with the next generation of musicians. In the 27 years since NWS' founding, nearly 1,000 alumni have gone on to make a difference in communities and organizations worldwide. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,611,915 | ExpenseAmt |
| Desc | Audience Research and Development NWS has linked several alternate performance formats-Mini-Concerts, PULSE Concerts, and Encounters Concerts-to ongoing audience research. Confronted with an economic downturn, an aging audience, and more than a generation of potential audiences with limited exposure to classical music, orchestras nationwide have tested alternative ways to attract new audiences. This effort is essential for orchestras' artistic and fiscal health. NWS presents the following alternate performance formats: - Mini-Concerts: short, informal, educational performances that last approximately 30 minutes, priced at $2.50 per ticket. - PULSE Concerts: late-night concerts (9:30 PM to 1:00 AM) which feature two visually enhanced performances in the concert hall and a third, "unplugged" performance, each of which is interspersed with a set of DJ-spun electronica. Cocktail bars inside the hall, club-style lighting, and video projections mark these cutting-edge musical, social, and dance events. - Encounters Concerts: no-intermission educational performances lasting approximately one hour and featuring extended, introductory explanations of the music by a guest host and the conductor. - WALLCAST Concerts: the live projection of select NWS concerts onto the 7,000 sq. ft. front faade of New World Center. These free, high-definition broadcasts are viewed by audiences in Miami Beach SoundScape, an adjacent City-owned park equipped with a state-of-the-art surround stereo system. Each of these outdoor presentations generates an audience upwards of 1,500 people with some attracting as many as 3,500. The cycle of data gathering, content refinement, marketing redesign, and performance is ongoing. As part of this process, audiences are surveyed for their reactions to the alternate formats; this dialogue gives them a voice in the creative process and helps deepen their relationship to the Fellows, the music, and NWS. NWS' alternate performance formats have attracted 5,139 new ticket buyers in the past five years, resulting in the sale of 13,881 tickets to first-time attendees. Research has shown that 28% of the first-time buyers have come back once, with an additional 15% of them coming back twice or more often. This number represents the new attendees that have come to NWS for the first time through an alternate performance concert, which is particularly impressive given that alternate performance formats comprise less than 15% of NWS' overall concert offerings. Additionally, in a single year of research of NWS' WALLCAST Concert Club, a free membership program designed to learn more about WALLCAST concert audiences, NWS has registered more than 1,200 new-to-file attendees. While this represents a significant amount of newcomers in a single year to a single concert format, it is believed that the actual number of new audience members to WALLCAST concerts is substantially under-reported and that NWS' reach is far greater; the number of registrants in our WALLCAST Concert Club represents only a fraction of actual attendees for each WALLCAST concert. NWS is a leader in using digital technology to enhance classical music performance and education. In September 2014, NWS publically launched its website MUSAIC, an online classical music video library of master classes, orchestral excerpts, how-to lessons, interviews, and performances. This free repository serves classical music students, professionals, and aficionados. Fellows benefit from its use as well while also creating new content for the site. NWS maintains partnerships with nine major music schools, all of whom regularly contribute video content to the site. As of May 1, 2015, MUSAIC has over 51,000 users and more than 2,700 registrants to the site. NWS' most recent digital venture is a video-based exploration of the work of John Cage, one of the 20th century's most influential and provocative composers and visual artists. "Making the Right Choices: A John Cage Celebration" grew from NWS' three-day festival, presented in 2013, commemorating the centenary of Cage's birth. This free, online resource is built around videos of works performed during the festival, behind-the-scenes rehearsal footage, and artist interviews. During the opening session of their 2013 conference, League of American Orchestras President and CEO Jesse Rosen noted, "The New World Symphony is one of our beacons for taking innovation to the next level. They have not only been testing new concert formats, but they have been adjusting as they go-getting audience input, evaluating the results, and collaborating with [partner orchestras in] San Diego, Charlotte, Memphis, Detroit, and Kansas City to extend the tests outward." NWS considers its work as a major step forward in bringing new ideas and research-based findings to the orchestra world. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $994,262 | ExpenseAmt |
| Desc | Community Engagement NWS believes that orchestral musicians should be ambassadors for classical music-as advocates, educators, mentors, and leaders. NWS' Community Engagement Programs (i) prepare Fellows for leadership roles as educators, communicators, and role models; (ii) introduce children to classical music and the concert-going experience; and (iii) foster lasting and meaningful relationships between the orchestra and the community. NWS' Community Engagement activities include the following: - NWS in the Schools and Community: Fellows visit area schools to make 45-minute interactive and thematic musical presentations aimed at helping students discover and become excited about classical music. NWS Fellows also play in various other community venues, including hospitals, hospices, and senior centers. - Inside the Music: These intimate lecture-based performances are curated and hosted by NWS Fellows, providing an intimate glimpse into their craft. Topics range from music appreciation to the historic context of composers. - Rehearsal Observations: During these visits, K-12 and college students observe NWS rehearsals featuring internationally renowned conductors and soloists. Prior to rehearsal, students meet the Fellows to learn about both the musical pieces and the instruments. - Education Concerts: These concerts are designed for Miami-Dade and Broward County students in grades 6-12. Students and their teachers are introduced to major orchestral works and composers. NWS provides free transportation for all attendees, and teachers receive a study guide to heighten the educational impact of the performance. The concerts are recorded for an internet broadcast to students around the world later in the season. - Side-by-Side Concert: This program offers advanced young instrumentalists in grades 7 through 12 an opportunity to perform in the Side-by-Side Ensemble concert, in which they play alongside NWS Fellows. Through this experience, participants and Fellows develop a musical working relationship as together they rehearse and perform various orchestral works. Auditions are open to advanced string, woodwind, brass, and percussion students from across South Florida. - MusicLab: Launched in 2009, MusicLab is a 26-week program operating in four Miami-Dade County public schools. Its goal is to offer the highest quality musical training to students in school-based band programs and to build and enhance Fellows' teaching skills. These free programs help NWS Fellows to connect with diverse audiences and sharpen their presentation, speaking, and teaching skills. Led by specialists from organizations such as the Carnegie Hall Academy, community engagement coaching ensures that Fellows are capable of sharing classical music with as many people as possible. Each season, NWS reaches 12,500 youth, children, and adults through community engagement. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $14,809,130 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 149 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 34 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID PHILLIPS | PersonNm |
| Phone | 3054286751 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 17TH STREET | AddressLine1 |
| City | MIAMI BEACH | City |
| State | FL | State |
| ZIP Code | 33139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Key EmployeeKeyEmployeeInd | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Rose Ellen Greene | ||||||||
| Chairperson | 5.0 | Yes (X) | Yes (X) | $0 | ||||
| Edward Manno Shumsky | ||||||||
| Vice Chairman | 1.0 | Yes (X) | Yes (X) | $0 | ||||
| Mario de Armas | ||||||||
| Treasurer | 1.0 | Yes (X) | Yes (X) | $0 | ||||
| Robert Moss | ||||||||
| Secretary | 1.0 | Yes (X) | Yes (X) | $0 | ||||
| Sari Agatston | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Jeffrey Akin | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Sheldon T Anderson | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Madeleine Arison | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Sarah S Arison | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Matthew W Buttrick | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Tanya Capriles de Brillembourg | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Adam Carlin | ||||||||
| Chair of Development Committee | 1.0 | Yes (X) | $0 | |||||
| Bruce E Clinton | ||||||||
| Chair of Facilities Committee | 1.0 | Yes (X) | $0 | |||||
| Edward J Crawford IV | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Peter J Dolara | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Howard Frank | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| John J Geraghty | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Harry M Hersh | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Florencia Jimenez-Marcos | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Neisen Kasdin | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Gerald Katcher | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Richard Kohan | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| R Kirk Landon | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Enrique Lerner Rais | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Alan Lieberman | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Albert R Molina Jr | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| William L Morrison | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Sandra R Muss | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| L Michael Orlove | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Patricia M Papper | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Jeffrey T Roberts | ||||||||
| Chair of Investment Committee | 1.0 | Yes (X) | $0 | |||||
| Richard T Sanz | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Diane S Sepler | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Paul H Stebbins | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Judy Weiser | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| Richard J Wurtman | ||||||||
| TRUSTEE | 1.0 | Yes (X) | $0 | |||||
| HOWARD HERRING | ||||||||
| PRESIDENT/CEO | 60.0 | $236,086 | Yes (X) | $0 | $9,177 | |||
| VICTORIA ROGERS | ||||||||
| EXECUTIVE VICE PRESIDENT | 60.0 | $240,900 | Yes (X) | $0 | $9,368 | |||
| DAVID PHILLIPS | ||||||||
| SR VP & CFO | 60.0 | $200,849 | Yes (X) | $0 | $7,768 | |||
| DOUGLAS MERILATT | ||||||||
| SR VP & ARTISTIC PLANNING/PROG | 60.0 | $177,905 | Yes (X) | $0 | $6,854 | |||
| Ayden Adler | ||||||||
| SR. VP./ DEAN OF MUSICIANS | 60.0 | $158,015 | Yes (X) | $0 | $6,060 | |||
| FAYE MUNNINGS | ||||||||
| VP & ASSISTANT CFO | 60.0 | $111,519 | $0 | $4,203 | Yes (X) | |||
| PAUL WOEHRLE | ||||||||
| SR DIRECTOR OF DEVELOPMENT | 60.0 | $114,185 | $0 | $4,307 | Yes (X) | |||
| CRAIG HALL | ||||||||
| VP OF COMMUNICATIONS | 60.0 | $109,239 | $0 | $4,112 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,348,698 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $51,849 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ADP TOTALSOURCE | |||||
| 10200 SUNSET DRIVE | MIAMI | FL | 33173 | EMPLOYEE LEASING | $6,293,944 |
| CRYSTAL CO OF FLORIDA INC | |||||
| 600 BRICKELL AVE STE 2575 | MIAMI | FL | 33131 | INSURANCE | $886,519 |
| COLUMBIA ARTISTS MANAGEMENT LLC | |||||
| 165 WEST 57TH STREET | NEW YORK | NY | 10019 | ARTISTS SERVICES | $696,280 |
| Opus 3 Artists LLC | |||||
| 470 Park Ave South 9th Foor North | NEW YORK | NY | 10016 | Artist Services | $175,500 |
| FPL | |||||
| General Mail Facility | MIAMI | FL | 33188 | UTILITIES | $434,746 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,341,620 | FundraisingAmt |
| Government Grants | $1,396,778 | GovernmentGrantsAmt |
| All Other Contributions | $10,901,002 | AllOtherContributionsAmt |
| Total Contributions | $13,639,400 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONCERT REVENUES | 711110 | $1,520,825 | $1,520,825 |
| APPLICATION FEES | 611600 | $50,744 | $50,744 |
| BOX OFFICE POSTAGE AND HANDLING | 561000 | $44,169 | $44,169 |
| NEW WORLD CENTER TOURS | 711110 | $10,325 | $10,325 |
| OTHER | 711110 | $28,470 | $28,470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,654,533 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,374,493 | TotalRevenueColumnAmt |
| Exclusion | $1,374,493 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,532,105 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,455,226 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$923,121 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$923,121 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$923,121 | UnrelatedBusinessRevenueAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,210,059 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,734 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,174,325 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,174,325 | TotalRevenueColumnAmt |
| Exclusion | $4,174,325 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $221,126 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,341,620 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $346,565 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$125,439 | TotalRevenueColumnAmt |
| Exclusion | -$171,751 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Total Revenue Column | $53,135 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,135 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $53,135 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,847,326 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,707,668 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$923,121 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,377,067 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,408,439 | TotalAmt |
| Program Services | $1,408,439 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,052,984 | TotalAmt |
| Program Services | $393,378 | ProgramServicesAmt |
| Management And General | $459,392 | ManagementAndGeneralAmt |
| Fundraising | $200,214 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,372 | TotalAmt |
| Program Services | $14,622 | ProgramServicesAmt |
| Management And General | $50,750 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,000 | TotalAmt |
| Management And General | $55,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $255,501 | TotalAmt |
| Program Services | $255,501 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $426,791 | TotalAmt |
| Program Services | $188,635 | ProgramServicesAmt |
| Fundraising | $238,156 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,210 | TotalAmt |
| Program Services | $88,157 | ProgramServicesAmt |
| Management And General | $40,387 | ManagementAndGeneralAmt |
| Fundraising | $67,666 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,877 | TotalAmt |
| Program Services | $163,877 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,909,260 | TotalAmt |
| Program Services | $1,874,000 | ProgramServicesAmt |
| Management And General | $35,260 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,644 | TotalAmt |
| Program Services | $35,730 | ProgramServicesAmt |
| Management And General | $24,584 | ManagementAndGeneralAmt |
| Fundraising | $37,330 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,379 | TotalAmt |
| Program Services | $17,379 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,655 | TotalAmt |
| Management And General | $236,655 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,781,100 | TotalAmt |
| Program Services | $4,781,100 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,274 | TotalAmt |
| Program Services | $29,868 | ProgramServicesAmt |
| Management And General | $89,406 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| LEASED EMPLOYEES | $4,696,947 | $2,594,068 | $605,297 | $1,497,582 |
| CONDUCTORS/SOLOIST/COACHES | $1,514,206 | $1,350,930 | $4,410 | $158,866 |
| ARTISTIC PROGRAMMING GENERAL | $880,892 | $880,892 | ||
| OTHER FELLOW COST | $502,253 | $502,253 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $724,458 | TotalAmt |
| Program Services | $230,301 | ProgramServicesAmt |
| Management And General | $114,711 | ManagementAndGeneralAmt |
| Fundraising | $379,446 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,104,242 | TotalAmt |
| Program Services | $14,809,130 | ProgramServicesAmt |
| Management And General | $1,715,852 | ManagementAndGeneralAmt |
| Fundraising | $2,579,260 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $190,016 | BOYAmt |
| EOY | $51,796 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,046,342 | BOYAmt |
| EOY | $103,803 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,531,039 | BOYAmt |
| EOY | $9,137,472 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,817 | BOYAmt |
| EOY | $359,119 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $877,902 | BOYAmt |
| EOY | $1,062,160 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $187,744,786 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,972,228 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,399,597 | BOYAmt |
| EOY | $166,772,558 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,634,115 | BOYAmt |
| EOY | $76,962,146 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,733,683 | BOYAmt |
| EOY | $21,981,100 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,012 | BOYAmt |
| EOY | $78,709 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,513 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,694,036 | BOYAmt |
| EOY | $276,508,863 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $571,250 | BOYAmt |
| EOY | $823,428 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $821,854 | BOYAmt |
| EOY | $813,102 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,325,022 | BOYAmt |
| EOY | $21,622,623 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,718,126 | BOYAmt |
| EOY | $23,259,153 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,294,532 | BOYAmt |
| EOY | $144,504,054 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,784,232 | BOYAmt |
| EOY | $28,136,948 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,897,146 | BOYAmt |
| EOY | $80,608,708 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,975,910 | BOYAmt |
| EOY | $253,249,710 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $266,694,036 | BOYAmt |
| EOY | $276,508,863 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $743,084 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $8,530,716 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $423,500 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Art | HeldWorksArtGrp | |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $92,712,576 | BeginningYearBalanceAmt |
| Contributions | $1,711,562 | ContributionsAmt |
| Investment Earnings Or Losses | $14,079,534 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,744,493 | OtherExpendituresAmt |
| End Year Balance | $105,759,179 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $85,374,530 | BeginningYearBalanceAmt |
| Contributions | $665,097 | ContributionsAmt |
| Investment Earnings Or Losses | $10,028,970 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,356,021 | OtherExpendituresAmt |
| End Year Balance | $92,712,576 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $87,784,498 | BeginningYearBalanceAmt |
| Contributions | $945,322 | ContributionsAmt |
| Investment Earnings Or Losses | -$37,649 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,317,641 | OtherExpendituresAmt |
| End Year Balance | $85,374,530 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $74,567,100 | BeginningYearBalanceAmt |
| Contributions | $3,155,714 | ContributionsAmt |
| Investment Earnings Or Losses | $13,070,135 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,008,451 | OtherExpendituresAmt |
| End Year Balance | $87,784,498 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $36,322,951 | BeginningYearBalanceAmt |
| Contributions | $37,656,993 | ContributionsAmt |
| Investment Earnings Or Losses | $4,326,434 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,700,003 | OtherExpendituresAmt |
| Administrative Expenses | $39,275 | AdministrativeExpensesAmt |
| End Year Balance | $74,567,100 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.76000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,165,000 | OtherCostOrOtherBasisAmt |
| Book Value | $11,165,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $165,055,573 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,429,409 | DepreciationAmt |
| Book Value | $151,626,164 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,524,213 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,542,819 | DepreciationAmt |
| Book Value | $3,981,394 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $166,772,558 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT-LIMITED PARTNERSHIP | Desc |
| Book Value | $21,981,100 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $21,981,100 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $31,331,701 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $8,530,716 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $151,867 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,801,792 | OtherRevenueAmt |
| Revenue Not Reported | $11,484,375 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,847,326 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $19,847,326 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $22,057,901 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $151,867 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $2,801,792 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $2,953,659 | ExpensesNotReportedAmt |
| Expenses Subtotal | $19,104,242 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $19,104,242 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART V, LINE 4 | DURING 1991, NWS ESTABLISHED THE NEW WORLD SYMPHONY ENDOWMENT FUND. THE PURPOSE OF THE ENDOWMENT FUND IS TO CREATE A CONTINUOUS DEVELOPMENT PROGRAM THAT WILL ENABLE INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO MAKE GIFTS TO NWS, TO PROVIDE FOR THE PERMANENT FINANCING OF THE PROGRAMS OF NWS, AND TO ENSURE THE PERMANENT EXISTENCE OF NWS. |
| SCHEDULE D, PART III, LINE 4 | New World Symphony believes the classical music experience begins when one crosses our NEW CAMPUS' threshold as a patron, musician or curious observer. Our NEW CAMPUS and its contents ARE the beginning of the experience. The art piece that has been so generously donated to new world symphony aids in the beginning of this experience. |
| SCHEDULE D, PART XII LINE 2D & PART XIII LINE 2D | Direct Rental expenses of $2,455,227 are shown as expenses on the financial statements. However, Direct rental expenses are shown net of rental income on the Form 990 page 9. Direct Fundraising expenses of $346,565 are shown as expenses on the financial statements. However, Direct Fundraising expenses are shown net of fundraising income on the Form 990 page 9. Total Adjustment - $2,801,792 |
| SCHEDULE D, PART X, LINE 2 | Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of June 30, 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. If the Organization were to incur an income tax liability in the future, interest would be reported as interest expense and penalties would be reported as income taxes. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the Organization is no longer subject to income tax examinations for years prior to 2011. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS STATED IN ITS RECRUITMENT BROCHURE AS WELL AS THE PUBLICATIONS "INTERNATIONAL MUSICIAN" WHICH IS WELL KNOWN WITHIN THE COMMUNITY IT SERVES. |
| SCHEDULE E, LINE 6A | THE ORGANIZATION RECIEVES GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES TO FACILITATE PROGRAMS IN FURTHERANCE OF ITS MISSION. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA | NameOfEvent1Amt |
| Gross Receipts Event1 | $1,422,654 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,267,534 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $155,120 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $10,554 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $98,342 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $187,161 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $41,848 | OtherDirectExpensesEvent1Amt |
| Name Of Event2 | FAMILY EVENT | NameOfEvent2Amt |
| Gross Receipts Event2 | $93,780 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $74,086 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $19,694 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $202 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $477 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $7,981 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $46,312 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $46,312 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $1,562,746 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,341,620 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $221,126 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $10,756 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $98,819 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $187,161 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $49,829 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $346,565 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$125,439 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| STIPEND FOR PROGRAM PARTICIPANTS | 86 | $1,313,812 |
| STIPEND (SUBSTITUTES) PROGRAM ACTIVITIES | 267 | $94,627 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | ALL OF THE ORGANIZATION'S FELLOWS RECEIVE A STIPEND FOR LIVING EXPENDITURES WHILE IN THE PROGRAM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOWARD HERRING | ||||||||||||||
| PRESIDENT/CEO | $236,086 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9,177 | $0 | $245,263 | $0 | $0 | $0 |
| VICTORIA ROGERS | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | $240,900 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9,368 | $0 | $250,268 | $0 | $0 | $0 |
| DAVID PHILLIPS | ||||||||||||||
| SR VP & CFO | $200,849 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7,768 | $0 | $208,617 | $0 | $0 | $0 |
| DOUGLAS MERILATT | ||||||||||||||
| SR VP & ARTISTIC PLANNING/PROG | $177,905 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,854 | $0 | $184,759 | $0 | $0 | $0 |
| Ayden Adler | ||||||||||||||
| SR. VP./ DEAN OF MUSICIANS | $158,015 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,060 | $0 | $164,075 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, SECTION B, LINE 12C | EMPLOYEES AND BOARD MEMBERS OF NWS HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT MINIMIZE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS MUCH AS POSSIBLE. THE POLICY ESTABLISHES THE FRAMEWORK WITHIN WHICH NWS WISHES ITS BUSINESS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT EMPLOYEES AND BOARD MEMBERS CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. STAFF MEMBERS AT DIRECTOR LEVEL AND ABOVE AND TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS, WHICH INDICATES WHETHER OR NOT THEY HAVE PARTICIPATED IN ANY BUSINESS TRANSACTION THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A | THE CHAIRMAN OF THE BOARD REVIEWS COMPARABILITY DATA WHEN HIRING A NEW PRESIDENT AND ANNUALY APPROVES THE PRESIDENT'S COMPENSATION PACKAGE BASED ON PERFORMANCE. THE PRESIDENT APPROVES BOTH THE EXECUTIVE VICE PRESIDENT AND SENIOR VICE PRESIDENT'S COMPENSATION PACKAGE BASED ON PERFORMANCE. |
| FORM 990, PAGE 6, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE THROUGH ACCESS OF GUIDESTAR. |
| FORM 990, PAGE 6, PART VI, SECTION A, LINE 10 | THE CFO IS REPONSIBLE FOR THE TIMELY PREPARATION OF THE FORM 990. IT WILL THEN BE PRESENTED TO THE FINANCE COMMITTEE SUFFICIENTLY IN ADVANCE OF THE FILING DEADLING FOR THEIR REVIEW. ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE FINAL FORM 990 UPON REQUEST. |
| FORM 990, PAGE 6, PART VI, SECTION A, LINE 2 | SARAH S. ARISON - NEICE OF HARRY M. HERSH |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| NEW CAMPUS II LLC | |||||||||
| 500 17TH STREET | MIAMI BEACH | FL | 33139 | 432074025 | DVLP NEWFACLT | FL | -$4,784,340 | $143,052,238 | NONE |
| ALTON POINTE LLC | |||||||||
| 500 17TH STREET | MIAMI BEACH | FL | 33139 | 455001665 | HOUSING | FL | -$1,207,409 | $23,653,168 | NONE |