2025-05-15T15:30:55-05:00 2024-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2023-07-01 050267451 RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL RHOD 4012487070 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 4012487070 2025-05-15 1 1 SANDY ROSS P01399337 4012742001 2025-05-13 2023 2025-03-06 01:10:19Z DAVID BEAUCHESNE 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 8500379 0 X WWW.RI-PHILHARMONIC.ORG X 1944 RI TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 26 26 385 25 0 0 4299884 3505813 2747545 2970213 210015 342313 -31026 -54898 7226418 6763441 220509 284553 0 0 4001728 3980232 0 0 289691 3603565 3440370 7825802 7705155 -599384 -941714 14898353 14426564 4616536 4624256 10281817 9802308 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 2721315 989873 PROGRAM HIGHLIGHTS FOR 2023-24: WE CONTINUE TO BE THE LARGEST COMBINED PROFESSIONAL ORCHESTRA AND COMMUNITY MUSIC SCHOOL IN THE NATION. THE ORCHESTRA'S TACO CLASSICAL AND AMICA RUSH HOUR SERIES FEATURED WORLD-CLASS GUEST ARTISTS, DIVERSE REPERTOIRE, AND HIGHLIGHTED A DIFFERENT CONDUCTOR FOR EACH CONCERT AS PART OF AN ONGOING MUSIC DIRECTOR SEARCH. THAT SEARCH CONCLUDED WITH THE SELECTION OF RUTH REINHARDT AS MUSIC DIRECTOR, AND ROBERT SPANO AS PRINCIPAL GUEST CONDUCTOR. A SERIES OF SOLD-OUT POPULAR ARTIST AND HIGHLY ATTENDED SUMMER POPS CONCERTS EXTENDED OUR REACH BEYOND THE CLASSICAL STAGE. IN PERSON LINK UP EDUCATION CONCERTS RETURNED, AND THE PROGRAM REACHED OVER 8,000 STUDENTS IN 80 PARTNER SCHOOL IN 35 DISTRICTS. 3389069 284553 2008906 THE RI PHILHARMONIC MUSIC SCHOOL CONTINUED TO REACH STUDENTS AND SERVE OUR REGION'S COMMUNITIES THROUGH TUITION-BASED AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY OUTSTANDING FACULTY, INCLUDING ORCHESTRA MEMBERS. WITH ACCESSIBILITY AS A CORNER-STONE, PARTNERSHIP PROGRAMS LIKE LINK-UP, VICTORIA'S DREAM PROJECT, AND OUR TUTION-BASED FINANCIAL AID PROGRAM PROVIDED OVER $1 MILLION IN FREE AND HIGHLY SUBSIDIZED INSTRUCTION TO TENS-OF THOUSANDS OF STUDENTS ACROSS THE REGION. OUR CARTER CENTER FOR MUSIC EDUCATION & PERFORMANCE CONTINUED TO SERVE AS A HUB FOR COMMUNITY-BASED MUSIC ACTIVITY, HOSTING PARTNER INSTITUTIONS LIKE THE PROVIDENCE SINGERS, AMERICAN BAND, RI MUSIC EDUCATORS ASSOCIATION, GIRLS ROCK RI, THE AUTISM PROJECT AND OTHERS. 6110384 1 1 0 1 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 53 0 385 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 RI X X THE ORGANIZATION 4012487070 667 WATERMAN AVE EAST PROVIDENCE RI 02914 SUSAN CHUNG PRESIDENT ELECT (AS OF 09/23) 2.00 X X 0 0 0 MALCOLM GRIGGS PAST PRESIDENT (TO 09/23) 2.00 X 0 0 0 BRENDAN MCCORY TREASURER 2.00 X X 0 0 0 EDWARD WING MD CHIEF MEDICAL ADVISOR & SECRETARY 2.00 X X 0 0 0 KAREN PELCZARSKI GENERAL COUNSEL 2.00 X X 0 0 0 DAVID AMES DIRECTOR 2.00 X 0 0 0 WILLIAM ASH DIRECTOR (AS OF 09/23) 2.00 X 0 0 0 TING BARNARD DIRECTOR 2.00 X 0 0 0 PETER COSTA DIRECTOR (AS OF 09/23) 2.00 X 0 0 0 LINDA DIEBOLD DIRECTOR (AS OF 09/23) 2.00 X 0 0 0 SHAUNA DUFFY DIRECTOR 2.00 X 0 0 0 JOHN EUSTIS DIRECTOR (AS OF 09/23) 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 GLENNA HAGOPIAN DIRECTOR 2.00 X 0 0 0 JOANNE HAWORTH DIRECTOR 2.00 X 0 0 0 MARIE MYERS DIRECTOR (AS OF 09/23) 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 229638 0 9713 LAURIE JOHNSON-CARVALHO DIRECTOR OF DEVELOPMENT (AS OF 03/23) 40.00 X 92067 0 17184 JILL FRECHETTE DIRECTOR OF FINANCE (AS OF 10/23) 40.00 X 71634 0 8204 MARIA PANASIAN DIRECTOR OF FINANCE (TO 10/23) 40.00 X 134924 0 5642 528263 0 40743 2 0 1 0 VETERANS MEMORIAL AUDITORIUM (THE VETS) 83 PARK STREET PROVIDENCE RI 02903 THEATRE RENTAL AND SERVICES 442568 EW BURNMAN 33 VERMONT AVE WARWICK RI 02888 GENERAL CONTRACTOR 339573 LINCOLN ENERGY MECHANICAL SERVICES INC 195 JAMES P MURPHY HIGHWAY WEST WARWICK RI 02893 HVAC CONTRACTOR 220928 UNITED THEATRE EDUCATION CENTER INC 5 CANAL ST WESTERLY RI 02891 CONTRACT SERVICES 144778 4 316046 562786 2626981 245917 3505813 MUSIC SCHOOL 611600 1980340 1980340 ORCHESTRA CONCERTS 711130 989873 989873 2970213 161709 161709 28566 0 28566 28566 28566 1649894 1469290 180604 180604 180604 184184 316046 267648 -83464 -83464 6763441 2998779 0 258849 X 284553 284553 494903 78488 300988 115427 2967132 2689287 227765 50080 78660 76763 1897 156056 93442 19630 42984 283481 235357 34946 13178 14955 14955 65832 65832 38996 38996 792860 680856 93320 18684 273437 273410 27 593693 511245 58656 23792 632111 452616 160641 18854 93947 93213 734 258979 166262 90459 2258 522245 396898 121308 4039 96470 21149 74953 368 COMMISSIONS 39832 39832 MUSIC 17013 17013 7705155 6110384 1305080 289691 433797 634425 658425 702094 159250 65113 106753 67148 13030584 6431971 6887864 6598613 6426104 6216410 226160 142761 14898353 14426564 551173 334072 725363 635184 3010000 2805000 330000 850000 4616536 4624256 X 5195810 4221674 5086007 5580634 10281817 9802308 14898353 14426564 -941714 462205 0 X X 0 1 X 1 0 X 1960192 3064151 5906038 4316649 3505813 18752843 1960192 3064151 5906038 4316649 3505813 18752843 2743650 16009193 113168 98760 131020 190275 161709 694932 8455 2740 11195 19458970 12906549 0.82270 0.91340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1 2500 1 0 1 1 1371 0 3871 0 5479019 44950 630583 1044299 5110253 5355877 25000 492862 394720 5479019 6036119 156000 -636500 199742 5355877 4745637 274349 1215261 199128 6036119 4911857 140783 307003 4745637 0.21900 0.62800 0.15300 0 0 818164 818164 10397885 4917110 5480775 1814535 1514861 299674 6598613 X 7187650 462205 1000 463205 6724445 38996 38996 6763441 7667159 1000 1000 7666159 38996 38996 7705155 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 500230 316046 184184 22841 61534 42395 140878 500230 316046 184184 22841 61534 42395 140878 267648 -83464 1 FINANCIAL AID 401 226284 SCHOLARSHIPS TUITION DISCOUNTS 255 28573 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 229638 0 0 0 0 0 9713 0 0 0 239351 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 237517 FAIR MARKET VALUE X INSTRUMENTS 5 8400 FMV 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 374,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 18,684. TOTAL EXPENSES 392,865. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 93,320. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,320. PRODUCTION COSTS: PROGRAM SERVICE EXPENSES 306,675. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 306,675. 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.