2023-07-11T13:27:26-05:00 2022-08-31 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 300 SAN RAMON CA 945835004 990 2021-09-01 131664054 THE PHILHARMONIC SYMPHONY SOCIETY OF NY INC PHIL 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 KATHIE PARSONS CHIEF FINANCIAL OFFICER 2128755000 2023-07-10 1 KATHIE PARSONS 999009999 MATTHEW PETROSKI P00853132 9257902600 2023-07-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NEW YORK PHILHARMONIC DEBORAH BORDA 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 202608115 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. 52 52 519 108 95057 90549 116663146 80435998 1321296 11502964 20637907 29347298 12533 -460858 138634882 120825402 0 0 0 0 43368503 49953231 159799 242019 5128685 13202830 23416296 56731132 73611546 81903750 47213856 534569080 578204274 115451723 155275466 419117357 422928808 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 46305748 11265565 SEE SCHEDULE O. 1387088 237399 SEE SCHEDULE O. 47692836 1 1 0 0 0 0 0 1 0 1 1 1 0 0 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 1 180 0 1 519 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 52 52 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 LTANG 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 LAWRENCE D ACKMAN DIRECTOR (DECEASED 05/2022) 4.00 X 0 0 0 ALEC BALDWIN DIRECTOR 4.00 X 0 0 0 DR KATHRYN BEAL 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 (START 06/2022) 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 4.00 X 0 0 0 MISOOK DOOLITTLE 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 GOLNAR KHOSROWSHAHI DIRECTOR (START 06/2022) 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 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 RONALD J ULRICH DIRECTOR 4.00 X 0 0 0 ALEX VOLCKHAUSEN DIRECTOR 4.00 X 0 0 0 MARY J WALLACH DIRECTOR (START 9/30/21) 4.00 X 0 0 0 SANDRA F WARSHAWSKY DIRECTOR 4.00 X 0 0 0 ADAM COX EXECUTIVE DIRECTOR 35.00 X 549462 0 52611 DEBORAH BORDA PRESIDENT & CEO 35.00 X 1534701 0 102269 ISAAC THOMPSON MANAGING DIRECTOR 35.00 X 375240 0 53774 JOHN HALEY SENIOR VICE PRESIDENT, PHILANTHROPY 35.00 X 323065 0 20711 KATHIE PARSONS VICE PRESIDENT, FINANCE 35.00 X 302557 0 29172 MARITA ALTMAN VICE PRESIDENT OF DEVELOPMENT 35.00 X 303058 0 19843 ANTHONY MCGILL PRINCIPAL CLARINET 37.00 X 410305 0 87853 CYNTHIA PHELPS PRINCIPAL VIOLA 37.00 X 325579 0 157651 FRANK HUANG CONCERTMASTER 37.00 X 288300 0 87006 JOSEPH FARETTA STAGE REPRESENTATIVE 37.00 X 265601 0 1058 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 37.00 X 253357 0 86476 WILLIAM THOMAS FORMER EXECUTIVE DIRECTOR 35.00 X 381747 0 56195 5312972 0 754619 121 1 1 0 BAJADA PRODUCTIONS LLC PO BOX 670484 DALLAS TX 75367 CONDUCTOR 1128266 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 CONSULTANTS 715734 CAMERON PRODUCTIONS 2693 ELM STREET ST PAUL MN 55109 IT MANANGEMENT SERVICES 264123 SNAP SNAP PRODUCTIONS LLC 2633 SPRINGFIELD RD BROOMALL PA 19008 VIDEO PRODUCTION 257547 EXECUTIVE DIAGNOSTICS LLC 48 CORTLAND PLACE FIRST FLOOR TENAFLY NJ 07670 COVID TESTING LAB 237959 37 226869 2630388 9513018 68065723 3999250 80435998 CONCERT RECEIPTS 711130 11176353 11176353 EDUCATIONAL PROGRAMS 711130 237399 237399 RECORDING & BROADCAST 711130 89212 89212 11502964 4765791 95057 4670734 40840 40840 105545552 80964045 24581507 24581507 24581507 224175 2630388 818668 -594493 -594493 SUPP PENSION PLAN DRAW 900099 92795 92795 92795 120825402 11502964 95057 28791383 3155128 620133 2342513 192482 34392573 23805971 7770313 2816289 5046372 3902698 1074691 68983 4412011 2854010 1026515 531486 2947147 1946516 793529 207102 488689 105102 383587 94571 94571 242019 242019 823703 800898 22805 802713 38143 744987 19583 2129236 1433826 595319 100091 3271554 1438303 1094757 738494 867733 2860 858988 5885 1032237 17196 1015041 1660283 1517140 131888 11255 30112 236 19602 10274 629944 629944 793730 170895 460898 161937 539753 130729 409024 PRODUCTION 4235060 3699928 535132 PERFORMING ARTISTS 3532604 3524776 7828 CONCERT HALL RENTAL 2484374 2484374 73611546 47692836 20790025 5128685 15068870 7397330 14517475 13368319 100244016 94667174 18528685 14505816 89632 79432 2017776 1966962 227950938 8031968 115112029 219918970 190018582 163028920 63826986 49489679 15145029 13781672 534569080 578204274 24550588 23723360 18791001 16713281 0 52776809 72110134 62062016 115451723 155275466 X -28979274 -23294014 448096631 446222822 419117357 422928808 534569080 578204274 X 47213856 -61107300 17704895 X 0 1 X 1 1 1 X 44148666 50949966 76270481 116663146 80435998 368468257 44148666 50949966 76270481 116663146 80435998 368468257 111691535 256776722 3252065 2766130 2183646 2657404 4806631 15665876 544150 442500 371910 85632 316970 1761162 385895295 81968717 0.66540 0.68890 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2017 AMOUNT: $ 544,150. 2018 AMOUNT: $ 442,500. 2019 AMOUNT: $ 371,910. 2021 AMOUNT: $ 224,175. SUPP PENSION PLAN DRAW - 2020 AMOUNT: $ 85,632. 2021 AMOUNT: $ 92,795. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 268993763 2719069 -31622841 11596411 228493580 235554728 3157015 41589922 11307902 268993763 228892552 520612 18416698 12275134 235554728 221437903 17185278 1448915 11179544 228892552 213915569 6627491 13893601 12998758 221437903 0.04579 0.83595 0.11826 0 0 1725882 858145 867737 23098561 7173823 15924738 203126495 203126495 219918970 ALTERNATIVE INVESTMENTS 49489679 F 49489679 ACCRUED PENSION LIABILITY 30630706 ACCRUED POSTRETIREMENT BENEFIT 5459278 ANNUITIES PAYABLE 562982 DUE TO LINCOLN CENTER 25409050 62062016 X 77764662 -61107300 346700 17704895 -43055705 120820367 823703 -818668 5035 120825402 73953211 346700 818668 1165368 72787843 823703 823703 73611546 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, 2022 AND 2021, 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 17,768,525. CHANGE IN VALUE OF CGA -63,630. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -818,668. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 818,668. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 7546000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 33987000 NORTH AMERICA 0 0 INVESTMENTS 5596000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ORCHESTRA TOURS 373000 0 0 0 0 0 0 47502000 0 47502000 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 II, LINE 1 ACCOUNTING METHOD: THE SOCIETY MAINTAINS INVESTMENTS IN FOREIGN PARTNERSHIPS AND PASSIVE FOREIGN INVESTMENT COMPANIES. ALL REQUIRED FILINGS, IF ANY, ARE COMPLETED APPROPRIATELY AND TIMELY FILED ON BEHALF OF THE SOCIETY BY THE RESPECTIVE FUND MANAGER. 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 440263 242019 198244 440263 242019 198244 AL AR CA CT 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 FALL GALA 1595138 1487863 107275 44097 132202 99125 85427 SPRING GALA 666800 616950 49850 26323 72226 34180 57819 2 592625 525575 67050 35233 110653 24806 96577 2854563 2630388 224175 105653 315081 158111 239823 818668 -594493 X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 DEBORAH BORDA PRESIDENT & CEO 1034701 0 500000 0 0 0 89958 0 12311 0 1636970 0 0 0 ADAM COX EXECUTIVE DIRECTOR 549462 0 0 0 0 0 34714 0 17897 0 602073 0 0 0 ANTHONY MCGILL PRINCIPAL CLARINET 376582 0 33723 0 0 0 47611 0 40242 0 498158 0 0 0 CYNTHIA PHELPS PRINCIPAL VIOLA 184247 0 141332 0 0 0 116741 0 40910 0 483230 0 0 0 WILLIAM THOMAS FORMER EXECUTIVE DIRECTOR 381747 0 0 0 0 0 34482 0 21713 0 437942 0 0 0 ISAAC THOMPSON MANAGING DIRECTOR 375240 0 0 0 0 0 31898 0 21876 0 429014 0 0 0 FRANK HUANG CONCERTMASTER 254577 0 33723 0 0 0 46764 0 40242 0 375306 0 0 0 JOHN HALEY SENIOR VICE PRESIDENT, PHILANTHROPY 323065 0 0 0 0 0 0 0 20711 0 343776 0 0 0 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 219634 0 33723 0 0 0 46174 0 40302 0 339833 0 0 0 KATHIE PARSONS VICE PRESIDENT, FINANCE 302557 0 0 0 0 0 0 0 29172 0 331729 0 0 0 MARITA ALTMAN VICE PRESIDENT OF DEVELOPMENT 173596 0 0 0 129462 0 7356 0 12487 0 322901 0 0 0 JOSEPH FARETTA STAGE REPRESENTATIVE 260775 0 4826 0 0 0 0 0 1058 0 266659 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 4A MARITA ALTMAN RECEIVED A SEVERANCE PAYMENT OF $129,462. 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 53 3999250 FMV 0 0 1 1 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE AND NOT THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE SOCIETY USES A THIRD PARTY SERVICE PROVIDER TO SELL ITS DONATED SECURITIES. FORM 990, PART III, LINE 4A DURING THE 2021/ 2022 SEASON 86 REGULAR SUBSCRIPTION CONCERTS WERE PERFORMED FOR A LISTENING AUDIENCE OF 63,627. THE NEW YORK PHILHARMONIC CONCERT PERFORMANCES MAINTAIN AND FOSTER AN INTEREST IN SYMPHONIC MUSIC FOR INDIVIDUALS OF DIVERGING CULTURES AND BACKGROUNDS. "LIVE FROM LINCOLN CENTER" TELEVISION PERFORMANCES. ONE CONCERT WAS NATIONALLY TELEVISED TO DELIVER IN-HOME ORCHESTRAL PERFORMANCES. THE NEW YORK PHILHARMONIC PERIODICALLY MAKES RECORDINGS OF ITS PERFORMANCES FOR INTERNATIONAL SALES AND BROADCASTS ITS PERFORMANCES OVER THE RADIO NATIONALLY AND INTERNATIONALLY. THESE RECORDINGS BRING CLASSICAL MUSIC TO PEOPLE ACROSS THE WORLD AND FOSTERS THEIR APPRECIATION OF SYMPHONIC MUSIC AND REPERTOIRE. DURING THE 2021/2022 SEASON, THE NEW YORK PHILHARMONIC ORCHESTRA TOURED INSIDE AND OUTSIDE THE UNITED STATES. TOURS HELP FOSTER THE GLOBAL REPUTATION OF THE NEW YORK PHILHARMONIC BY BRINGING CLASSICAL MUSIC TO A BROADER AUDIENCE AND DIFFERENT CULTURES. ELEVEN TOUR CONCERTS WERE ENJOYED BY AN AUDIENCE OF OVER 19,931 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) TEACHING 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 PRESENTED 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, WORKSHOPS FOR PARENTS, AND ONGOING IN-SCHOOL SESSIONS FOR STUDENTS SHARED BY THEIR TEACHERS AND TEACHING ARTISTS FROM THE NEW YORK PHILHARMONIC. (3) THE NEW YORK PHILHARMONIC HOLDS OPEN REHEARSALS ON SELECT DAYS THROUGHOUT THE SEASON AND INVITES SCHOOL GROUPS AND THE GENERAL PUBLIC TO ATTEND. (4) YOUNG PEOPLES CONCERTS ARE PERFORMED 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 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. THREE CONCERTS WERE PERFORMED THIS SEASON WITH 2,285 INDIVIDUALS IN ATTENDANCE. IN 2005-06 THE ORCHESTRA INTRODUCED VERY YOUNG PEOPLE'S CONCERTS FOR PRESCHOOLERS. THREE LIVE CONCERTS REACHED AN AUDIENCE OF 295 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 17,768,525. CHANGE IN VALUE OF CGA -63,630. 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