2024-07-15T16:10:27-05:00 2023-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2022-07-01 050267451 RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL RHOD 4012487070 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 4012487070 2024-07-15 1 DAVID BEAUCHESNE 999009999 1 SANDY ROSS P01399337 4012742001 2024-07-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID BEAUCHESNE 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 8731427 0 X WWW.RI-PHILHARMONIC.ORG X 1944 RI TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 19 19 357 25 0 0 5901038 4299884 2353942 2747545 698493 210015 42319 -31026 8995792 7226418 237461 220509 0 0 3896950 4001728 0 0 400321 3058408 3603565 7192819 7825802 1802973 -599384 14866163 14898353 4345901 4616536 10520262 10281817 X THE ONLY PROFESSIONAL ORCHESTRA, THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL AND THE SECOND LARGEST NOT FOR PROFIT ARTS ORGANIZATION IN RHODE ISLAND, THE PHILHARMONIC SEEKS TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 0 0 2629426 1001534 THE RHODE ISLAND PHILHARMONIC ORCHESTRA PROGRAM HIGHLIGHTS FOR 2022-2023:-WE CONTINUE TO BE ONE OF THE LARGEST COMBINED PROFESSIONAL ORCHESTRA AND COMMUNITY MUSIC SCHOOL IN THE COUNTRY, AND THE SECOND LARGEST ARTS ORGANIZATION IN RHODE ISLAND.-WE SERVED APPROXIMATELY 75,000 FOLKS THROUGH OUR TEACHING, EDUCATION CONCERTS, CLASSICAL CONCERTS AND LIVESTREAMING OVER THIS PAST YEAR 2524617 220509 1772788 THE RI PHILHARMONIC MUSIC SCHOOL IS THE ONLY COMMUNITY MUSIC SCHOOL IN RHODE ISLAND AND ENCOURAGES LIFELONG ENGAGEMENT WITH MUSIC THROUGH COMPREHENSIVE MUSIC EDUCATION AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY ORCHESTRA MEMBERS AND OTHER OUTSTANDING FACULTY. WE PRIORITIZE ARTISTRY AND EDUCATION EQUALLY. WE PROVIDE CURRICULUM AND CONCERTS WHICH SERVED OVER 8,000 CHILDREN IN 77 SCHOOLS IN 35 SCHOOL DISTRICTS VIA THE INTERNET. WE PROVIDED OVER $345,000 IN CASH AND IN-KIND FINANCIAL AID TO STUDENTS WHICH COVERS 30% OF OUR POPULATION. WE HAVE PARTNERSHIPS WITH MANY OTHER ORGANIZATIONS IN THE STATE INCLUDING PROVIDENCE SINGERS, RI MUSIC EDUCATORS ASSOCIATION, AMERICAN BAND, NARRAGANSETT BAY SYMPHONY COMMUNITY ORCHESTRA, THE AUTISM PROJECT, LIFELONG LEARNINING COLLABORATIVE, GIRLS ROCK, PROVIDENCE COUNTRY DAY SCHOOL AND RI CHILRENS CHORUS. OTHER ORGANIZATIONS WE HAVE COLLABORATED WITH ARE BRADLEY HOSPITAL, LASALLE ACADEMY, BLACKSTONE ACADEMY, RI SCHOOL OF DESIGN, TRINITY REPARATORY COMPANY, RI STATE COUNCIL FOR THE ARTS, BROWN UNIVERSITY, RHODE ISLAND COLLEGE AND OTHERS. 5154043 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 357 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 RI X THE ORGANIZATION 4012487070 667 WATERMAN AVE EAST PROVIDENCE RI 02914 MALCOLM GRIGGS PRESIDENT 2.00 X X 0 0 0 SUSAN CHUNG PRESIDENT ELECT 2.00 X X 0 0 0 ROBERT NAPARSTEK PAST PRESIDENT 2.00 X 0 0 0 BRENDAN MCCORY TREASURER (AS 2.00 X X 0 0 0 EDWARD WING CHIEF MEDICAL ADVISOR & SECRETARY 2.00 X X 0 0 0 ROBERT J MANNING TREASURER (TO 2.00 X 0 0 0 BARBARA DREYER SECRETARY (TO 2.00 X X 0 0 0 KAREN PELCZARSKI GENERAL COUNSEL/DIRECTOR 2.00 X X 0 0 0 DAVID AMES DIRECTOR 2.00 X 0 0 0 TING BARNARD DIRECTOR 2.00 X 0 0 0 SHAUNA DUFFY DIRECTOR 2.00 X 0 0 0 ROBERT FETZER DIRECTOR 2.00 X 0 0 0 CAROL GOLDEN DIRECTOR 2.00 X 0 0 0 AMY GOLDSTEIN DIRECTOR 2.00 X 0 0 0 JESSICA GRANATIERO DIRECTOR 2.00 X 0 0 0 KAREN GRANDE ESQ DIRECTOR 2.00 X 0 0 0 JOANNE HAWORTH DIRECTOR 2.00 X 0 0 0 HERBERT RAKATANSKY DIRECTOR 2.00 X 0 0 0 MARY REINEMAN DIRECTOR 2.00 X 0 0 0 DEMING SHERMAN DIRECTOR 2.00 X 0 0 0 ROSALYN SINCLAIR DIRECTOR 2.00 X 0 0 0 DAVID VON HEMERT DIRECTOR 2.00 X 0 0 0 SCOTT WALKER DIRECTOR 2.00 X 0 0 0 DAVID WINOKER DIRECTOR 2.00 X 0 0 0 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 40.00 X 251578 0 7197 DONNA CHACE-LARSON DIRECTOR OF FINANCE (TO 3/2022) 40.00 X 55494 0 4754 MARIA PANASIAN DIRECTOR OF FINANCE (AS OF 8/2022) 40.00 X 46174 0 160 353246 0 12111 1 0 1 0 LINCOLN ENERGY MECHANICAL 195 JAMES P MURPHY IND HWY WEST WARWICK RI 02893 MECHANICAL CONTRACTOR 413714 EW BURNMAN 33 VERMONT AVE WARWICK RI 02888 GENERAL CONTRACTOR 293481 UNITED THEATRE EDUCATION CENTER INC 5 CANAL ST WESTERLY RI 02891 CONTRACT SERVICES 105745 3 299307 1556283 2444294 197393 4299884 MUSIC SCHOOL 611600 1772788 1772788 ORCHESTRA CONCERTS 711130 847305 847305 OTHER PROGRAM INCOME 711130 127452 127452 2747545 142897 142897 26775 0 26775 26775 26775 1176614 1109496 67118 67118 67118 337712 299307 395513 -57801 -57801 7226418 2774320 0 152214 X 220509 220509 397081 94136 160629 142316 3029679 2517449 410042 102188 92757 70873 16869 5015 198785 104593 43745 50447 283426 222521 41596 19309 221516 221516 39634 39634 861021 731549 95282 34190 269812 268926 886 487167 357883 101829 27455 700402 345419 338655 16328 114788 104684 8750 1354 183751 183751 529590 529590 89300 21259 67437 604 BAD DEBT EXPENSE/RECOVE 36285 36285 LICENSES, DUES, SUBSCRI 27933 15591 12113 229 COMMISSIONS 21448 21448 MUSIC 20918 20918 7825802 5154043 2271438 400321 887079 433797 303627 658425 77370 159250 147452 106753 12797590 5909726 6730512 6887864 6370138 6426104 349985 226160 14866163 14898353 424523 551173 526378 725363 3215000 3010000 180000 330000 4345901 4616536 X 5419321 5195810 5100941 5086007 10520262 10281817 14866163 14898353 -599384 422583 -61644 0 X X 0 1 X 1 0 X 2225240 1960192 3064151 5906038 4316649 17472270 2225240 1960192 3064151 5906038 4316649 17472270 1160828 16311442 102489 113168 98760 131020 161381 606818 8455 2740 11195 18090283 13075357 0.90170 0.91340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5355877 25000 492862 394720 5479019 6036119 156000 -636500 199742 5355877 4745637 274349 1215261 199128 6036119 4911857 140783 307003 4745637 4912728 7786 352250 360907 4911857 0.30380 0.57590 0.12030 0 0 818164 818164 10170907 4529368 5641539 1808519 1380358 428161 6887864 X 7626132 422583 16765 439348 7186784 39634 39634 7226418 7802933 16765 16765 7786168 39634 39634 7825802 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT THE PHILHARMONIC IN SEVERAL WAYS, THROUGH A DRAW OF NOT MORE THAN 5% OF THE FUNDS FAIR VALUE ON A TWELVE QUARTER TRAILING AVERAGE. RESTRICTED FUNDS EXIST FOR THE SUPPORT OF THE PHILHARMONIC ORCHESTRA, INCLUDING ENDOWED POSITIONS; THE PHILHARMONIC MUSIC SCHOOL SCHOLARSHIPS; FOR SUPPORT OF THE PHILHARMONIC YOUTH ORCHESTRA; FOR GENERAL OPERATIONS AND FOR SEVERAL OTHER NAMED FUNDS. ALL USE IS MONITORED BY AN INVESTMENT COMMITTEE OF THE ORGANIZAION'S BOARD, AS WELL AS THE BOARD'S FINANCE COMMITTEE. PART X, LINE 2: THE PHILHARMONIC IS EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE PHILHARMONIC OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE PHILHARMONIC ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATIONS EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE PHILHARMONIC CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. GALA 637019 299307 337712 10700 61826 112202 210785 637019 299307 337712 10700 61826 112202 210785 395513 -57801 1 FINANCIAL AID - LESSONS 178 116187 FAIR MARKET VALUE DEDUCTION OF TUITION FINANCIAL AID - TUITION ENSEMBLE 15 63862 FAIR MARKET VALUE DEDUCTION OF TUITION FINANCIAL AID - SUZUKI 11 7949 FAIR MARKET VALUE DEDUCTION OF TUITION FINANCIAL AID - CLASSES 1 348 FAIR MARKET VALUE DEDUCTION OF TUITION FINANCIAL AID - WESTERLY 8 11034 FAIR MARKET VALUE DEDUCTION OF TUITION DISCOUNTS OF SUZUKI, TUITION ENSEMBLES AND LESSONS 303 21129 FAIR MARKET VALUE DEDUCTION OF TUITION X 0 0 X X X 0 1 0 0 0 0 0 0 0 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 226578 0 25000 0 0 0 0 0 7197 0 258775 0 0 0 A RI ECONOMIC DEVELOPMENT CORPORATION 762236CN5 2008-03-01 7000000 ACQUISITION AND RENOVATION OF CARTER CENTER FOR MUSIC & PERFORMANCE 0 0 0 A 7000000 176470 6823530 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 A 0 X 6 180628 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE DRAFT 990 AND RECOMMENDED APPROVAL TO THE BOARD OF DIRECTORS PRIOR TO FILING. ALL MEMBERS OF THE BOARD WERE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND THE EXECUTIVE DIRECTOR SIGN AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ANNUALLY, UPDATING FOR ANY CHANGES. IF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARISE, THE BOARD OF DIRECTORS EVALUATES AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS, DISCUSSES, AND APPROVES COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND OTHER TOP MANAGEMENT PERSONNEL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G GUEST ARTISTS: PROGRAM SERVICE EXPENSES 510,584. MANAGEMENT AND GENERAL EXPENSES 95,282. FUNDRAISING EXPENSES 34,190. TOTAL EXPENSES 640,056. PRODUCTION COSTS: PROGRAM SERVICE EXPENSES 220,965. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 220,965. FORM 990 PART XII LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT.