2018-02-27T14:41:19-06:00 2017-06-30 KPMG LLP 1676 INTERNATIONAL DRIVE McLean VA 22102 990 2016-07-01 136136259 The Carnegie Hall Society Inc % PATRICIA LONG CARN 2129039600 881 SEVENTH AVENUE NEW YORK NY 10019 PATRICIA LONG CFO 2129039600 2018-02-26 true MARGARET A BRADSHAW P00501222 7032868000 2018-02-27 167.68.102.5 54028020180585000000 2018-02-27 P 0F34C1B16C5D60F7FD7DF4A44DFEDD37CE053201 B8D264CA2325760A9EDD3D169C74495D6C4D97CA 2016 2021-01-29 14:40:06Z X CLIVE GILLINSON 881 SEVENTH AVE NEW YORK NY 10019 175751651 false X www.carnegiehall.org X 1960 NY TO COLLECT AND PROVIDE FUNDS FOR THE PERPETUATION, MAINTENANCE, AND USE OF CARNEGIE HALL'S ACTIVITIES IN MUSIC PERFORMANCE AND EDUCATION. X 56 53 0 154 0 -464362 62272875 46541319 568300 -290 4738232 5843307 -1747813 -626136 65831594 51758200 42022156 0 0 0 3294502 3294511 454916 463992 4424216 8336274 9738867 54107848 13497370 11723746 38260830 357306477 0 109082928 0 248223549 0 X THE CARNEGIE HALL SOCIETY'S MISSION IS TO COLLECT AND PROVIDE FUNDS FOR THE PERPETUATION, MAINTENANCE, AND USE OF CARNEGIE HALL'S ACTIVITIES IN MUSIC PERFORMANCE AND EDUCATION. BECAUSE THESE ACTIVITIES ARE CONDUCTED BY THE CARNEGIE HALL CORPORATION, A RELATED 501(C)(3)ORGANIZATION, THIS 990 RETURN SHOULD BE READ IN CONJUNCTION WITH THE 990 RETURN OF THE CORPORATION. false true 5490265 HALL RENTAL OPERATIONS - LEASING AND MANAGING CARNEGIE HALL AS AN AUDITORIUM FOR CONCERTS AND OTHER PERFORMANCES TO DIVERSIFY THE EXPOSURE OF MUSIC RELATED ARTS TO THE COMMUNITY. 2831422 Support the presentation of concerts and performances by The Carnegie Hall Corporation and other operating and special projects, to encourage the development of talent in music related arts. 8321687 true true false true false false false false false true false false false false false false false true false false true false false true true false false false false true true false false false false false false false false false true true false true false false true true true false false true 0 0 true 0 true true false false false false true true false false false false X 56 53 true false true false true true false true true false false true true true true true true false false false AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X PATRICIA LONG 2129039600 881 SEVENTH AVE NEW YORK NY 10019 Earle S Altman Trustee 1.0 0.0 X 0 0 0 Martina Arroyo Trustee 1.0 0.0 X 0 0 0 Emanuel Ax Trustee 1.0 0.0 X 0 0 0 Mercedes T Bass Vice Chairman 1.0 0.0 X X 0 0 0 Kenneth J Bialkin Secretary 1.0 0.0 X X 0 0 0 Len Blavatnik Trustee 1.0 0.0 X 0 0 0 Ronald E Blaylock Trustee 1.0 0.0 X 0 0 0 Clarissa Alcock Bronfman Vice Chairman 1.0 0.0 X X 0 0 0 Richard A Debs Trustee 1.0 0.0 X 0 0 0 Joyce DiDonato Trustee 1.0 0.0 X 0 0 0 Gregory T Durant Trustee 1.0 0.0 X 0 0 0 Judith W Evnin Trustee 1.0 0.0 X 0 0 0 Anne M Finucane Trustee 1.0 0.0 X 0 0 0 Rene Fleming Trustee 1.0 0.0 X 0 0 0 Edward C Forst Treasurer 1.0 0.0 X X 0 0 0 Clive Gillinson Executive and Artistic Directo 1.0 60.0 X X 0 1971285 68036 Marilyn Horne Trustee 1.0 0.0 X 0 0 0 Stephen R Howe Jr Trustee 1.0 0.0 X 0 0 0 Klaus Jacobs Vice Chairman (Until Nov 2016) 1.0 0.0 X X 0 0 0 Robert W Jones Trustee 1.0 0.0 X 0 0 0 Suzie Kovner Trustee 1.0 0.0 X 0 0 0 Robert K Kraft Trustee 1.0 0.0 X 0 0 0 Lang Lang Trustee 1.0 0.0 X 0 0 0 Isabel Leonard Trustee 1.0 0.0 X 0 0 0 Robert I Lipp Trustee 1.0 0.0 X 0 0 0 Terry J Lundgren Trustee 1.0 0.0 X 0 0 0 Yo-Yo Ma Trustee 1.0 0.0 X 0 0 0 Thomas G Maheras Trustee 1.0 0.0 X 0 0 0 Peter W May TRUSTEE (Until Oct 2016) 1.0 0.0 X 0 0 0 Audra McDonald Trustee 1.0 0.0 X 0 0 0 Harold McGraw III Trustee 1.0 0.0 X 0 0 0 Dennis M Nally Trustee 1.0 0.0 X 0 0 0 Joshua Nash Trustee 1.0 0.0 X 0 0 0 Frank N Newman Trustee (Until Oct 2016) 1.0 0.0 X 0 0 0 Jessye Norman Trustee 1.0 0.0 X 0 0 0 William G Parrett Trustee 1.0 0.0 X 0 0 0 Laura H Pomerantz Trustee 1.0 0.0 X 0 0 0 Don M Randel Trustee 1.0 0.0 X 0 0 0 Burton P Resnick Vice Chairman 1.0 0.0 X X 0 0 0 Susan W Rose Trustee (Until Oct 2016) 1.0 0.0 X 0 0 0 Charles M Rosenthal Trustee 1.0 0.0 X 0 0 0 Joshua Ruch Trustee 1.0 0.0 X 0 0 0 Sana H Sabbagh Trustee 1.0 0.0 X 0 0 0 Suki Sandler Trustee 1.0 0.0 X 0 0 0 Beatrice Santo Domingo Trustee 1.0 0.0 X 0 0 0 Thomas P Sculco Trustee 1.0 0.0 X X 0 0 0 Stanley S Shuman Trustee 1.0 0.0 X 0 0 0 David M Siegel Trustee 1.0 0.0 X 0 0 0 AJC Smith Trustee 1.0 0.0 X 0 0 0 Robert F Smith Chairman 1.0 0.0 X X 0 0 0 Sarah Billinghurst Solomon Trustee 1.0 0.0 X 0 0 0 Sir Martin Sorrell Trustee 1.0 0.0 X 0 0 0 Jolyon Stern Trustee 1.0 0.0 X 0 0 0 Sir Howard Stringer Trustee 1.0 0.0 X 0 0 0 Kurt G Strovink Trustee 1.0 0.0 X 0 0 0 S Donald Sussman Trustee 1.0 0.0 X 0 0 0 James Taylor Trustee 1.0 0.0 X 0 0 0 Darren Walker Trustee 1.0 0.0 X 0 0 0 Sanford I Weill President 1.0 0.0 X X 0 0 0 Judy Francis Zankel Trustee 1.0 0.0 X 0 0 0 PATRICIA LONG CFO 1.0 60.0 X 0 304420 75056 0 2275705 143092 0 false true false 0 6161373 1654156 38725790 5943294 46541319 BOX OFFICE RECEIPTS 711130 -290 -290 -290 1467711 1467711 0 0 0 0 0 127372860 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 126500 126500 126500 126500 13000588 105527921 13127088 105654421 806354 1806354 201589 451589 1000000 1000000 1000000 1000000 4000000 6000000 182771 181578 178765 126500 669614 250000 250000 250000 250000 1000000 1500000 0 0 0 278670827 244230 42650849 15000000 306565906 305587782 4896590 -14313545 17500000 278670827 308240967 322790 13724025 16700000 305587782 270393260 203285 53144422 15500000 308240967 249340602 322971 35329687 14600000 270393260 0.02430 0.61160 0.36410 false false 139212735 37529167 593586 49097187 87219940 51992795 761592 -996187 -234595 51758200 114009427 50688 101222961 101273649 12735778 761592 761592 13497370 OTHER REVENUE INCLUDED ON AFS BUT NOT FORM 990, PART VIII SCHEDULE D, PART XI, LINE 2D AFFILIATE'S REVENUE : $36,964,378 AFFILIATE'S EXPENSES RECLASSED IN REVENUE : 11,037,877 AFFILIATE'S DONATED SERVICES : 1,094,931 rounding 1 ----------- TOTAL OTHER LINE 2D = $ 49,097,187 OTHER REVENUE INCLUDED ON FORM 990, PART VIII BUT NOT IN AFS SCHEDULE D, PART XI, LINE 4B FUNDRAISING EXPENSES (996,187) OTHER EXPENSES INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT FORM 990 SCHEDULE D, PART XII, LINE 2D AFFILIATE'S EXPENSES : $ 92,527,333 AFFILIATE'S EXPENSES RECLASSED TO REVENUE : 11,037,877 AFFILIATE'S DONATED SERVICES : 1,680,817 INTERCOMPANY EXPENSE ELIMINATED : (409,570) ACTUARIAL GAIN ON PENSION PLAN : (4,609,684) FUNDRAISING EXPENSES : 996,187 ROUNDING : 1 ------------- TOTAL OTHER LINE 2D = 101,222,961 UNCERTAIN TAX POSITION SCHEDULE D, PART X, LINE 2 THE AUDITED FINANCIAL STATEMENTS DO NOT CONTAIN A FOOTNOTE REGARDING ASC 740 (FORMERLY FIN 48) BECAUSE IT DID NOT HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. Schedule D, Part XIII - Supplemental Information Part V Endowment Funds As of June 30, 2017, The Carnegie Hall Society, Inc. merged into the Carnegie Hall Corporation (EIN 13-1923626). In prior years, the Endowment Fund was held by and reported on The Carnegie Hall Society, Inc.s Form 990. As additional information, the Endowment Funds have been reported on both The Carnegie Hall Society, Inc.s and The Carnegie Hall Corporations Form 990, Schedule D, Part V. The Endowment Fund was established to support the operations of Carnegie Hall. Central America and the Caribbean Investments 72503667 72503667 72503667 true false true true true false PART I, LINE 3, COLUMN (F) INVESTMENTS ARE REPORTED AT BOOK VALUE AT THE END OF THE TAX YEAR. As of June 30, 2017, The Carnegie Hall Society, Inc. merged into The Carnegie Hall Corporation (EIN 13-1923626). In prior years, foreign investments were held by and reported on The Carnegie Hall Society, Inc.s Form 990. As additional information, the ending book value of foreign investments has been reported on both The Carnegie Hall Society Inc.s and The Carnegie Hall Corporations Form 990, Schedule F, Part I, Line 3. X X X X X X X true Community Counselling Service Co 527 Madison Avenue - 5th Floor New York NY 10022 Consulting Services false 0 120000 0 DCM 330 West 38th street suite 207 New York NY 10018 Telefund raising false 794970 343992 450978 794970 463992 450978 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI OPENING NIGHT 4522474 4327223 195251 48157 294084 219385 95072 Medal of Excell 2008950 1834150 174800 24918 90068 174383 45464 0 6531424 6161373 370051 73075 384152 393768 140536 991531 -621480 false true false false false false false false false Clive Gillinson Executive and Artistic Directo 0 1138257 0 0 0 833028 0 54471 0 13565 0 2039321 0 0 PATRICIA LONG CFO 0 288876 0 0 0 15544 0 71785 0 3271 0 379476 0 0 COMPENSATION PAID BY RELATED ORGANIZATION Carnegie Hall Society does not have employees. Employees of Carnegie Hall Corporation, a related organization, carry out certain activities on behalf of Carnegie Hall Society. Compensation for the executive and artistic director and any other officers and the key employees of the organization is reviewed and approved by independent members of the board compensation committee or other independent trustees, following a review of comparability data (such as forms 990 and other sources of salary information for functionally comparable positions at similarly situated organizations in similar geographic locations). The deliberation and decision of these independent trustees is contemporaneously documented. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN Form Sch J Part I Line 4b Carnegie Hall Corporation, a related entity maintains two supplemental nonqualified retirement plans, a (SERP) and a key employee incentive and retention compensation plans. The SERP covered Clive D. Gillinson and the key employee incentive and retention compensation plan covered Patricia Long. In accordance with the Form 990 instructions, Carnegie Hall Society is reporting the plan participants, amounts substantially vested and included in the participant's taxable income and amounts deferred, not substantially vested and not included in the participant's taxable income. PLAN PARTICIPANTS - CLIVE D. GILLINSON AMOUNT SUBSTANTIALLY VESTED AND TAXABLE: $601,336 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE: $0 Patricia Long - AMOUNT SUBSTANTIALLY VESTED AND TAXABLE: $10,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE: $20,000 A THE TRUST FOR CULTURAL RESOURCES OF THE CITY OF NY 911882413 649717QJ7 2009-12-03 109769382 THE TRUST FOR CULTURAL RESOURCES O false false false A 0 0 109769382 0 0 0 0 0 0 0 0 0 true false true true A false false false false 0 false false false false A false false false false false false 0 false 0 false false A false Schedule K, Part VI Supplemental Information As of June 30, 2017, The Carnegie Hall Society, Inc. merged into The Carnegie Hall Corporation (EIN: 13-1923626). In prior years, Series 2009 Revenue Bonds were reported on The Carnegie Hall Society, Inc.s 990, Schedule K. As additional information, the Series 2009 Revenue Bonds have been reported on both The Carnegie Hall Society, Inc.s Form 990, Schedule K and The Carnegie Hall Corporations Form 990, Schedule K. The Trust for Cultural Resources of the City of New York Issued Series 2009 Revenue Bonds, the proceeds of which have been loaned to Carnegie Hall. Two Sigma Investments LLC SEE PART V 679453 Investment false RISK STRATEGIESDEWITT STERN SEE PART V 204471 INSURANCE false SCHEDULE L, PART IV Organizations affiliated with members of the board of trustees occasionally provide services to the Carnegie Hall Society, Inc. The arrangements for these services are negotiated on an arm's length basis and are reviewed by independent members of the Board of trustees under the Organization's conflict of Interest Policy. Two Sigma Investments LLC - Entity over 35% controlled by David M. Siegel, Trustee of the Carnegie Hall Society, Inc. Risk Strategies/Dewitt Stern - Entity over 35% controlled by Jolyon Stern, Trustee of The Carnegie Hall Society, Inc. While payment is made directly by the Carnegie Hall Corporation, a related entity, the policies benefit the Carnegie Hall Society, Inc. and The Carnegie Hall Corporation. Therefore, for full disclosure, this transaction is reported on Sch. L. X 47284 5878947 FMV X Cough Drops 799200 35852 FMV X other 406 28495 FMV false false false Net Assets - See Part III 2017-06-30 324966014 F/S Book Value 131923626 The Carnegie Hall Corporation 881Seventh Avenue New York NY 10019 501(c)(3) true true false false true true true true true false Supplemental Information As of June 30, 2017, The Carnegie Hall Society, Inc. merged into the Carnegie Hall Corporation with the Carnegie Hall Corporation being the surviving entity. Part I, Line 1 - Description of net assets transferred to The Carnegie Hall Corporation at June 30, 2017. The financial statement book value of net assets transferred consisted of: cash, pledge receivables, prepaid expenses, investments, deferred revenue and tax-exempt bonds. Part I, Line 2 a and 2 b Trustees that served on The Carnegie Hall Society, Inc.'s Board at the time of the merger of the two entities continued to serve on The Carnegie Hall Corporation's board. The Executive and Artistic Director and CFO of The Carnegie Hall Society, Inc. have and will continue to serve in this capacity for The Carnegie Hall Corporation. Part I, Line 6a - Tax Exempt Bonds The trust for cultural resources of the City of New York issued series 2009 Revenue Bonds, the proceeds of which have been loaned to Carnegie Hall. Until the merger, The Carnegie Hall Society, Inc. and The Carnegie Hall Corporation were jointly and severally liable under the loan agreement. As of June 30, 2017, The Carnegie Hall Corporation is liable under the loan agreement. MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7A THE CARNEGIE HALL SOCIETY, INC. WAS INCORPORATED IN 1960 UNDER NEW YORKS MEMBERSHIP CORPORATION LAW, THE PREDECESSOR TO THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. MEMBERS ELECTED TRUSTEES AT THE ORGANIZATIONS ANNUAL MEETING, AND THE TRUSTEES COULD IN TURN ELECT OTHER TRUSTEES. ALL MEMBERS WERE ALSO TRUSTEES. BOARD REVIEW OF FORM 990 Form 990, Part VI, Section A, Line 11B The Form 990 is prepared by The Carnegie Hall Corporations External Accounting Firm with the assistance of the corporations staff. The staff and finance department carefully review the draft forms, which are then provided to the audit committee. The audit committee reviews the Form 990 report, and all trustees are provided a copy of the 990 report before it is filed. CONFLICT OF INTEREST POLICY Form 990, Part VI, Section B, Line 12c The Organizations conflict of interest policy for trustees, officers and key persons is intended to identify, disclose, evaluate and address actual, potential and apparent conflicts of interest that might, in fact or appearance, call into question these individuals duty of loyalty to Carnegie Hall, as well as to gather information required for the Form 990 Report. The independent board governance committee is responsible for overseeing implementation of and compliance with the Conflict of Interest Policy. Every covered person is furnished with a copy of the policy prior to the commencement of duties, and must submit an acknowledgment and disclosure statement prior to initial election, appointment or hiring, and annually thereafter, and update it as necessary to reflect changes during the course of the year. The governance committee reviews Conflict of Interest disclosures annually and as new disclosures are made. PUBLIC DISCLOSURE Form 990, part VI, Section C, Line 19 Carnegie Hall makes its annual report which contains highlights of programs and financial information and three years of audited financial statements available on its website. The Form 990 is available upon request and on websites such as guidestar.org. Carnegie Hall also makes key organizational policies, such as its Code of Ethics, Gift Acceptance Policies and Guidelines and Whistleblower policy, publicly available on its website. The governing documents and conflict of interest policy are not currently publicly available. Reconciliation of Net Assets FORM 990, PART XI, LINE 9 INTERCOMPANY EXPENSE ELIMINATED : 409,570 Net asset transfer : (324,966,014) ------------- Total : (324,556,444) RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 Thomas Maheras and Sanford I. Weill HAVE A BUSINESS RELATIONSHIP. David M. Siegel and Sanford I. Weill HAVE A BUSINESS RELATIONSHIP. Sanford I. Weill and Joshua Nash have a business relationship. Sanford I. Weill and S. Donald Sussman HAVE A BUSINESS RELATIONSHIP. Edward Forst and Laura Pomerantz HAVE A BUSINESS RELATIONSHIP. Edward Forst and Burton P. Resnick HAVE A BUSINESS RELATIONSHIP. Robert Jones and David Siegel HAVE A BUSINESS RELATIONSHIP. As of June 30, 2017, The Carnegie Hall Society, Inc. merged into the Carnegie Hall Corporation (EIN: 13-1923626). As additional information the following additional business relationships reported on Carnegie Hall Corporations Form 990 are reported below. Tracy Semler and Stanley Shuman HAVE A BUSINESS RELATIONSHIP. Robert Smith and Sarkis Jebejian HAVE A BUSINESS RELATIONSHIP. Michael Liebowitz and S. Donald Sussman HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 1A PURSUANT TO ITS BY-LAWS, THE ORGANIZATIONS BOARD OF TRUSTEES DELEGATES AUTHORITY TO AN EXECUTIVE COMMITTEE, SUBJECT TO THE LIMITATIONS OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. THE EXECUTIVE COMMITTEE REPORTS ITS ACTIONS TO THE BOARD. Form 990, Part III, Line 3 - Cease Conducting Program Services As of June 30, 2017, the Carnegie Hall Society, Inc. merged into The Carnegie Hall Corporation with The Carnegie Hall Corporation being the surviving entity. Program activities carried on by The Carnegie Hall Society, Inc. will continue to be carried on by The Carnegie Hall Corporation. Significant Changes to Governing Documents Form 990, Part VI, Section A, Line 4 The Carnegie Hall Society, Inc.s by-laws were amended as of July 19, 2016 to make various updates following review by counsel and discussion by the governance committee and the board, consistent with the New York Not-for-Profit Corporation Law. These changes included updates to provisions relating to special meetings, notices, quorum, vacancies, audit and other committees and officers, all in compliance with the New York Not-for-Profit Corporation Law. The by-laws were amended again as of May 27, 2017, primarily in connection with changes to the New York Not-for-Profit Corporation Law taking effect on that date, and to make various updates following review by counsel and discussion by the governance committee and the board. These changes included updates to provisions relating to dissolution, indemnification, notice, trustee election, resignation, vacancies, expenses, committees, quorum, meetings by telephone or videoconference, action without a meeting, loans, officers and approval of compensation, all in compliance with the New York Not-for-Profit Corporation Law. THE CARNEGIE HALL CORPORATION 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 PERFORM. ARTS NY 501 (C)(3) 7 NA true SPLIT INTEREST TRUST CRAT (1) CRAT NY NA Trust SPLIT INTEREST TRUST CRUT (3) CRUT NY NA Trust SPLIT INTEREST TRUST PLIF (1) plif NY N/A TRUST false false false false false false false false false false true false true true false false true false The Carnegie Hall Corporation r 324966014 F/S Book Value THE CARNEGIE HALL CORPORATIO 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 0 0 0 92527333 92527333 1000000 250000 0 0 0 THE CARNEGIE HALL SOCIETY 881 SEVENTH AVENUE NEW YORK NY 10019 136136259 0 126500 126500 13000588 13127088 806354 201589 0 0 0