2021-07-13T10:35:17-05:00 2020-08-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2019-09-01 131664054 THE PHILHARMONIC SYMPHONY SOCIETY OF NY INC PHIL 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 ADAM COX EXECUTIVE DIRECTOR 2128755000 2021-06-29 1 MATTHEW PETROSKI P00853132 9257902600 2021-06-17 2019 2022-09-23 18:48:47Z NEW YORK PHILHARMONIC ADAM COX 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 145809358 0 X WWW.NYPHIL.ORG X 1853 NY SEE SCHEDULE O. 50 50 803 151 0 0 50949966 76270432 25735899 16624414 10480221 15905202 -796204 -415506 86369882 108384542 0 0 0 0 45738487 46753113 189692 152028 4708395 34000291 22896851 79928470 69801992 6441412 38582550 326688456 387286674 80094940 74604809 246593516 312681865 X SEE SCHEDULE O. 0 0 31078529 11105353 SEE SCHEDULE O. 2973561 269200 SEE SCHEDULE O. 10308319 5249861 OTHER PROGRAMS INCLUDED A TOUR TO OKLAHOMA WHICH INCLUDED 3 CONCERTS FOR MORE THAN THREE THOUSAND PEOPLE. THE SEASON ALSO SAW THE LAUNCH OF PROJECT 19, A MULTI-SEASON INITIATIVE TO MARK THE CENTENNIAL OF THE 19TH AMENDMENT BY COMMISSIONING AND PREMIERING NEW WORKS BY 19 WOMEN COMPOSERS AS WELL AS VARIOUS OTHER NON-SUBS AND CHAMBER CONCERTS FOR AUDIENCES IN SMALLER VENUES FOR THE KRAVIS NIGHTCAP SERIES, GROW @ ANNENBERG SOUND ON SERIES AND PHILHARMONIC ENSEMBLES AT MERKIN HALL. 10308319 5249861 44360409 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 0 0 0 0 1 328 0 1 803 1 0 0 0 0 0 1 1 0 0 0 0 1 0 X 50 50 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY CT FL GA IL KY MD MA MI NH NJ NM NC OR PA RI SC TN VA WV WI X X ASHLEY PENA 2128755000 10 LINCOLN CENTER PLAZA NEW YORK NY 10023 OSCAR S SCHAFER CHAIRMAN EMERITUS 4.00 X X 0 0 0 GARY W PARR CHAIRMAN EMERITUS 4.00 X 0 0 0 PETER W MAY CO-CHAIRMAN 4.00 X X 0 0 0 OSCAR L TANG CO-CHAIRMAN 4.00 X 0 0 0 KAREN T LEFRAK VICE CHAIR 4.00 X 0 0 0 DARIA L WALLACH VICE CHAIR 4.00 X 0 0 0 LAURA CHANG VICE CHAIR & TREASURER 4.00 X X 0 0 0 DAISY M SOROS SECRETARY 4.00 X X 0 0 0 LAWRENCE D ACKMAN DIRECTOR 4.00 X 0 0 0 SHIRLEY BACOT SHAMEL DIRECTOR (LEFT 01/20) 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 YEFIM BRONFMAN DIRECTOR 4.00 X 0 0 0 ANGELA CHEN DIRECTOR 4.00 X 0 0 0 ARTHUR CHU DIRECTOR 4.00 X 0 0 0 TOOS N DARUVALA DIRECTOR 4.00 X 0 0 0 LODEWIJK JR DE VINK DIRECTOR 4.00 X 0 0 0 MISOOK DOOLITTLE DIRECTOR 4.00 X 0 0 0 SARAH JANE GIBBONS 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 F HART DIRECTOR 4.00 X 0 0 0 LINDA W HART DIRECTOR (JOINED 09/19) 4.00 X 0 0 0 RALPH HEINS DIRECTOR (LEFT 08/20) 4.00 X 0 0 0 ROBERT HEKEMIAN DIRECTOR (LEFT 09/19) 4.00 X 0 0 0 SHARON HITE 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 CHRISTOPER KELLEN DIRECTOR 4.00 X 0 0 0 BRETT KELLY DIRECTOR (JOINED 09/19) 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 (JOINED 09/19) 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 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 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 LARRY A SILVERSTEIN DIRECTOR 4.00 X 0 0 0 LAURA SLOATE DIRECTOR (LEFT 09/19) 4.00 X 0 0 0 SYLVIA TOTH DIRECTOR 4.00 X 0 0 0 DANIIL TRIFONOV DIRECTOR 4.00 X 0 0 0 BOBBY TUDOR DIRECTOR (LEFT 08/20) 4.00 X 0 0 0 MAGGIE UENG TSAI DIRECTOR 4.00 X 0 0 0 SAYU UENO DIRECTOR (JOINED 09/19) 4.00 X 0 0 0 RONOLD J ULRICH DIRECTOR 4.00 X 0 0 0 MARRY J WALLACH DIRECTOR 4.00 X 0 0 0 SANDRA F WARSHAWSKY DIRECTOR 4.00 X 0 0 0 SHIRLEY YOUNG DIRECTOR 4.00 X 0 0 0 DEBORAH BORDA PRESIDENT & CEO 40.00 X 1451822 0 44110 WILLIAM THOMAS EXECUTIVE DIRECTOR 40.00 X 462001 0 55093 ADAM COX COO (JOINED 05/19) 40.00 X 285385 0 13596 ANTHONY MCGILL PRINCIPAL CLARINET 40.00 X 368975 0 43757 CARTER BREY PRINCIPAL CELLO 40.00 X 387734 0 39356 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 40.00 X 388184 0 43757 FRANK HUANG CONCERTMASTER 40.00 X 560380 0 43757 SHERRY SYLAR ASSOCIATE PRINCIPAL OBOE 40.00 X 364669 0 29329 4269150 0 312755 138 0 1 0 PROSKAUER ROSE LLP ELEVEN TIMES SQUARE NEW YORK NY 10036 LEGAL SERVICES 1684749 BAJADA PRODUCTIONS LLC 2525 N PEARL ST DALLAS TX 75201 MUSIC DIRECTOR 1640549 OPUS 3 ARTISTS LLC 470 PARK AVENUE SOUTH 9TH FL NEW YORK NY 10016 ARTIST MANAGEMENT AGENCY 534450 SITUATION MARKETING LLC 469 7TH AVENUE SUITE 1300 NEW YORK NY 10018 MARKETING 465373 SD&A TELESERVICES INC 5757 WEST CENTURY BOULEVARD SUITE 3 LOS ANGELES CA 90045 TELEMARKETING, TELEFUNDRAISING SERVICES 399460 45 521621 5337184 287010 70124617 3568796 76270432 CONCERT RECEIPTS 711130 16084719 16084719 RECORDING AND BROADCAS 711130 270495 270495 EDUCATIONAL PROGRAMS 711130 269200 269200 16624414 2109577 2109577 74069 74069 50358956 36563331 13795625 13795625 13795625 371910 5337184 861485 -489575 -489575 108384542 16624414 0 15489696 3194656 815000 2379656 31494881 21101772 7527395 2865714 5124468 3850399 1090449 183620 4525814 2659841 1468631 397342 2413294 1307153 887372 218769 260231 2253 257028 950 189442 189442 152028 152028 899165 899165 629867 206563 414401 8903 2820740 2246558 452454 121728 5532414 1977520 3029134 525760 616592 16908 597970 1714 5485 5485 532095 495553 36542 743027 646871 81668 14488 16009 3567 4809 7633 29185 29185 934937 137316 624891 172730 217285 105997 111288 PERFORMING ARTISTS 3952237 3925855 26382 PRODUCTION 3216640 3102364 114276 CONCERT HALL RENTAL 2249805 2249805 MISCELLANEOUS 51695 4667 46554 474 69801992 44360409 20733188 4708395 1008775 2105118 20746016 36756356 59591645 67437416 574633 737809 86231 2301603 1282720 72125972 21439776 41085348 50686196 113090626 163945324 88203579 49477408 0 14858327 326688456 387286674 6535603 7591345 19429421 9713426 54129916 57300038 80094940 74604809 X -35082594 -23822621 281676110 336504486 246593516 312681865 326688456 387286674 X 38582550 4238899 19132729 4134171 X X 0 1 X 1 0 X 78335791 58661052 44148666 50949966 76270481 308365956 78335791 58661052 44148666 50949966 76270481 308365956 66116652 242249304 2942253 2882088 3252065 2766130 2109577 13952113 511225 524000 544150 442500 371910 2393785 324711854 123214758 0.74600 0.73330 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2015 AMOUNT: $ 511,225. 2016 AMOUNT: $ 524,000. 2017 AMOUNT: $ 544,150. 2018 AMOUNT: $ 442,500. 2019 AMOUNT: $ 371,910. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 228892552 520612 18416698 12275134 235554728 221437903 17185278 1448915 11179544 228892552 213915569 6627491 13893601 12998758 221437903 216042034 5868636 18693912 26689013 213915569 200836387 25494501 5312143 15600997 216042034 0.03290 0.80090 0.16620 0 0 10695825 9649939 1045886 26633111 11789837 14843274 34797036 34797036 50686196 ALTERNATIVE INVESTMENTS 49477408 F 49477408 PPP LOAN 6770000 ACCRUED PENSION LIABILITY 43676556 ACCRUED POSTRETIREMENT BENEFIT 6216203 ANNUITIES PAYABLE 637279 57300038 X 116972092 4238899 252160 4134171 8625230 108346862 899165 -861485 37680 108384542 70016472 252160 861485 1113645 68902827 899165 899165 69801992 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, 2020 AND 2019, 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 4,134,171. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -861,485. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 861,485. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 34941979 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 14544375 0 0 0 0 0 0 49486354 0 49486354 0 0 0 0 0 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 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD SUITE 300 LOS ANGELES CA 90045 TELEFUNDRAISING 0 260806 124255 136551 260806 124255 136551 CA CO CT DC FL GA IL KY ME MD MA MI NV NH NJ NM NY NC OH OK OR PA RI SC TN VA WA WV WI FALL GALA 3639601 3449701 189900 70900 195897 169553 104822 FAMILY BENEFIT 1032775 953140 79635 8538 55615 10983 26518 3 1036718 934343 102375 14618 107217 34580 62244 5709094 5337184 371910 94056 358729 215116 193584 861485 -489575 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 DEBORAH BORDA PRESIDENT & CEO 1001822 0 450000 0 0 0 33000 0 11110 0 1495932 0 0 0 WILLIAM THOMAS EXECUTIVE DIRECTOR 462001 0 0 0 0 0 33000 0 22093 0 517094 0 0 0 ADAM COX COO (JOINED 05/19) 285385 0 0 0 0 0 0 0 13596 0 298981 0 0 0 ANTHONY MCGILL PRINCIPAL CLARINET 368975 0 0 0 0 0 0 0 43757 0 412732 0 0 0 CARTER BREY PRINCIPAL CELLO 387734 0 0 0 0 0 0 0 39356 0 427090 0 0 0 CHRISTOPHER MARTIN PRINCIPAL TRUMPET 388184 0 0 0 0 0 0 0 43757 0 431941 0 0 0 FRANK HUANG CONCERTMASTER 510380 0 50000 0 0 0 0 0 43757 0 604137 0 0 0 SHERRY SYLAR ASSOCIATE PRINCIPAL OBOE 364669 0 0 0 0 0 0 0 29329 0 393998 0 0 0 PART I, LINE 1A FIRST CLASS FLIGHTS ARE PROVIDED IN ACCORDANCE WITH THE PROVISIONS OF CONTRACTUAL OBLIGATIONS. ON OCCASION, WHEN THERE IS NO COMMERCIAL FLIGHT AVAILABLE TO ACCOMMODATE THE TOURING SCHEDULE OF THE ORCHESTRA, A CHARTER FLIGHT MUST BE USED INSTEAD. PART I, LINE 3 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE SOCIETY THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE PERSONNEL AND GOVERNANCE COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEW AND APPROVE ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF TOP MANAGEMENT, THE PERSONNEL AND GOVERNANCE COMMITTEE REVIEWS SALARY INFORMATION OF COMPARABLE NON-PROFIT ORGANIZATIONS, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE SOCIETY IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. THE AMOUNT SHOWN ON SCHEDULE J, COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" REPRESENTS THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ONLY. PART I, LINE 7 AS REPORTED IN SCHEDULE J, PART II, COLUMN B (II), CERTAIN EMPLOYEES ARE ELIGIBLE FOR DISCRETIONARY BONUSES UPON MEETING CERTAIN CRITERIA. X 51 3568796 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 I, LINE 1 TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONIC MUSIC. FORM 990, PART III, LINE 1 TO MAINTAIN AND FOSTER AN INTEREST IN THE ENJOYMENT OF MUSIC AND MUSICAL AFFAIRS, TO INCULCATE IN ITS MEMBERS IN THE COMMUNITY OF NEW YORK CITY AND THE WORLD AT LARGE AN INTEREST IN SYMPHONIC MUSIC, AND IN ORDER TO FOSTER SUCH INTEREST AND THE APPRECIATION OF MUSIC, AMONG OTHER THINGS, TO CAUSE THE PERFORMANCE OF SYMPHONIC AND OTHER MUSICAL PERFORMANCES IN THE CONCERT AND OTHER HALLS, AND BY AUDIO AND VISUAL RECORDINGS AND LIVE PERFORMANCES BROADCAST OVER THE RADIO, TELEVISION AND THE WORLD WIDE WEB. FORM 990, PART III, LINE 4A DURING THE 2019/2020 SEASON 77 REGULAR SUBSCRIPTION CONCERTS WERE PERFORMED FOR THE LISTENING AUDIENCE OF 176,926. THE NEW YORK PHILHARMONIC CONCERT PERFORMANCES MAINTAIN AND FOSTER AN INTEREST IN SYMPHONIC MUSIC FOR INDIVIDUALS OF DIVERGING CULTURES AND BACKGROUNDS. FORM 990, PART III, LINE 4B THE NEW YORK PHILHARMONIC SPONSORS A NUMBER OF EDUCATIONAL PROGRAMS FOR CHILDREN AND ADULTS. SOME OF THESE PROGRAMS ARE AS FOLLOWS: (1) TEACHERS SEMINARS ARE OPEN TO BOTH MUSIC AND NON-MUSIC TEACHERS. THESE PROFESSIONAL DEVELOPMENT SEMINARS EXPLORE BASIC PRINCIPLES OF MUSIC, AND THE REPERTOIRE OF THE NEW YORK PHILHARMONIC. EACH SEMINAR IS TAUGHT BY A FACULTY MEMBER OF THE PHILHARMONIC'S EDUCATION DEPARTMENT AND IS FOLLOWED BY AN EVENING CONCERT BY THE NEW YORK PHILHARMONIC. (2) THE NEW YORK PHILHARMONIC SUPPORTS A PARTNERSHIP PROGRAM WITH A NUMBER OF NEW YORK CITY PUBLIC SCHOOLS. THE GOALS OF THE PROGRAM ARE (A) TO BUILD A FUNDAMENTAL KNOWLEDGE OF MUSIC, OF A SYMPHONY ORCHESTRA AND ITS REPERTOIRE AMONG TEACHERS, STUDENTS AND PARENTS; (B) TO DEVELOP AN ONGOING MULTI-YEAR RELATIONSHIP WITH A BODY OF SCHOOLS IN NEW YORK CITY; AND (C) TO SET A STANDARD OF EXCELLENCE WHICH DEFINES A COMMUNITY. THE PROGRAM INVOLVES PROFESSIONAL DEVELOPMENT FOR TEACHERS, WORKSHOP FOR PARENTS, AND ONGOING IN-SCHOOL SESSIONS FOR STUDENTS SHARED BY THEIR TEACHERS AND TEACHING ARTISTS FROM THE NEW YORK PHILHARMONIC. (3) OPEN REHEARSALS. SCHOOL GROUPS AND THE GENERAL PUBLIC ARE INVITED ON SELECTED MORNINGS TO WATCH THE FASCINATING PROCESS OF A NEW YORK PHILHARMONIC REHEARSAL. (4) YOUNG PEOPLES CONCERTS ARE FORMED TO INTRODUCE YOUNG LISTENERS TO SOME OF THE GREAT MASTERWORKS OF ORCHESTRA, AND SOME OF THE WORLD'S GREAT MUSICIANS. WRITTEN MATERIALS ARE DISTRIBUTED TO THE CHILDREN AT THE CONCERTS. BEFORE EACH YOUNG PEOPLES CONCERT, FAMILIES CAN ENJOY CHILDREN'S PROMENADES, FEATURING A COLORFUL HOUR OF EXCITING DEMONSTRATIONS, CAN ENJOY CHILDREN'S PROMENADES, FEATURING A COLORFUL HOUR OF EXCITING DEMONSTRATIONS, MUSIC-MAKING ACTIVITIES AND A CHANCE FOR CHILDREN TO MEET MEMBERS OF THE ORCHESTRA. TWO CONCERTS WERE PERFORMED THIS SEASON WITH 4,655 INDIVIDUALS. ONE CONCERT BROADCAST WITH 15,700 VIEWS IN 2005-06 THE ORCHESTRA INTRODUCED VERY YOUNG PEOPLE'S CONCERTS FOR PRESCHOOLERS. TWO LIVE CONCERTS REACHED AN AUDIENCE OF 888 PEOPLE AND FOUR BROADACST CONCERTS WITH 37,772 VIEWS DURING THE 2019-20 SEASON. 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 ANNUALLY. 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 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. 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: PENSION LIABILITY 4,134,171. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.