2017-02-14T15:38:23-06:00 2016-06-30 KPMG LLP 1676 INTERNATIONAL DRIVE McLean VA 22102 990 2015-07-01 136136259 The Carnegie Hall Society Inc % PATRICIA LONG CARN 2129039600 881 SEVENTH AVENUE NEW YORK NY 10019 PATRICIA LONG CFO 2129039600 2017-02-14 true MARGARET A BRADSHAW P00501222 7032868000 2017-02-10 2015 2021-01-29 14:40:06Z CLIVE GILLINSON 881 SEVENTH AVE NEW YORK NY 10019 136476618 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. 50 45 0 57 0 -231615 40425081 62272875 0 568300 -554923 4738232 -1496411 -1747813 38373747 65831594 78502518 42022156 0 0 3048054 3294502 826158 454916 4682236 8191407 8336274 90568137 54107848 -52194390 11723746 364208796 357306477 110453443 109082928 253755353 248223549 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 false 42022156 42022156 SUPPORT THE PRESENTATION OF CONCERTS AND PERFORMANCES BY CARNEGIE HALL CORPORATION, TO ENCOURAGE THE DEVELOPMENT OF TALENT IN MUSIC RELATED ARTS. 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. 1254296 OTHER OPERATING AND SPECIAL PROJECTS 48766717 true true false true false false false false false true false true false false true false false true false false true false false true true false false true false true true false false false false false false false false false true true false false 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 50 45 true false false false true true false true true false false true true true true true true false false false AL AK AR CA CO CT DE FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VT 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 MERCEDES T BASS ACTING CHAIRMAN/VICE CHAIRMAN 1.0 0.0 X X 0 0 0 KENNETH J BIALKIN SECRETARY SINCE OCT 2015 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 JOYCE DIDONATO TRUSTEE 1.0 0.0 X 0 0 0 GREGORY T DURANT TRUSTEE 1.0 0.0 X 0 0 0 SCOTT A EDELMAN SECRETARY UNTIL OCT 2015 1.0 0.0 X 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 RENEE 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 & ARTISTIC DIRECTOR 1.0 60.0 X X 0 1379276 75764 BRAD GREY TRUSTEE(STEPPED DOWN OCT 2015) 1.0 0.0 X 0 0 0 KLAUS JACOBS VICE CHAIRMAN 1.0 0.0 X X 0 0 0 ROBERT W JONES TRUSTEE 1.0 0.0 X 0 0 0 GILBERT KAPLAN TRUSTEE(STEPPED DOWN JAN 2016) 1.0 0.0 X 0 0 0 SUZIE KOVNER 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 YO-YO MA TRUSTEE 1.0 0.0 X 0 0 0 PETER W MAY VICE CHAIRMAN 1.0 0.0 X 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 1.0 0.0 X 0 0 0 JESSYE NORMAN TRUSTEE 1.0 0.0 X 0 0 0 RONALD O PERELMAN PAST CHAIR STEPPED DOWN 1/2016 1.0 0.0 X 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 WILLIAM D RONDINA TRUSTEE(STEPPED DOWN FEB 2016) 1.0 0.0 X 0 0 0 SUSAN W ROSE TRUSTEE 1.0 0.0 X 0 0 0 CHARLES M ROSENTHAL TRUSTEE 1.0 0.0 X 0 0 0 JOSHUA 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69653942 53448953 658895 658895 54107848 OTHER REVENUE INCLUDED ON AFS BUT NOT FORM 990, PART VIII SCHEDULE D, PART XI, LINE 2D AFFILIATE'S REVENUE : $80,162,593 AFFILIATE'S EXPENSES RECLASSED IN REVENUE : 10,841,381 INTERCOMPANY GRANT ELIMINATED : (42,022,156) AFFILIATE'S DONATED SERVICES : 1,076,021 rounding -1 ----------- TOTAL OTHER LINE 2D = $ 50,057,838 OTHER REVENUE INCLUDED ON FORM 990, PART VIII BUT NOT IN AFS SCHEDULE D, PART XI, LINE 4B FUNDRAISING EXPENSES (2,685,965) OTHER EXPENSES INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT FORM 990 SCHEDULE D, PART XII, LINE 2D AFFILIATE'S EXPENSES : $ 94,141,926 AFFILIATE'S EXPENSES RECLASSED TO REVENUE : 10,841,381 AFFILIATE'S DONATED SERVICES : 1,083,621 INTERCOMPANY GRANT ELIMINATED : (42,022,156) INTERCOMPANY EXPENSE ELIMINATED : (1,085,942) ACTUARIAL GAIN ON PENSION PLAN : 3,894,647 FUNDRAISING EXPENSES : 2,685,965 ------------- TOTAL OTHER LINE 2D = 69,539,442 ENDOWMENT FUNDS SCHEDULE D, PART V THE CARNEGIE HALL SOCIETY'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT THE OPERATIONS OF CARNEGIE HALL. 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. Central America and the Caribbean Investments 80951286 East Asia and the Pacific Fundraising 29536 80980822 80980822 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. X X X X X X X true SDA TELESERVICES INC TELEFUND RAISING false 732367 434415 297952 732367 434415 297952 AL AK AR CA CO CT DE FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VT VA WA WV WI OPENING NIGHT 4538070 4407636 130434 361479 211251 318947 71999 125TH ANNV GALA 4868330 4662952 205378 43267 332261 582514 176106 1 2076251 1473911 602340 215024 160576 447532 103025 11482651 10544499 938152 619770 704088 1348993 351130 3023981 -2085829 false The Carnegie Hall Corporation 881 Seventh Avenue New York NY 10019 131923626 501(c)(3) 42022156 Support and Operations 1 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 THE ONLY GRANT MADE BY THE CARNEGIE HALL SOCIETY, INC. WAS TO THE CARNEGIE HALL CORPORATION, A CLOSELY AFFILIATED ORGANIZATION. ACCORDINGLY, GRANT OVERSIGHT PROCEDURES ARE NOT NEEDED. X true true false true false false false false false false false CLIVE GILLINSON EXECUTIVE & ARTISTIC DIRECTOR 0 1027608 0 0 0 351668 0 58733 0 17031 0 1455040 0 0 PATRICIA LONG CFO 0 234584 0 0 0 4471 0 0 0 2709 0 241764 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. ACCORDINGLY, COMPENSATION FOR CERTAIN INDIVIDUALS IS SHOWN AS BEING PAID BY A RELATED ORGANIZATION ON FORM 990, WHICH IS DETERMINED ANNUALLY BY THE CHAIRMAN AND TREASURER OF THE CARNEGIE HALL CORPORATION'S BOARD, WHO ARE FREE OF CONFLICTS OF INTEREST UNDER THE CONFLICT OF INTEREST POLICY. COMPENSATION IS DETERMINED BASED UPON COMPARABILITY DATA, SUCH AS FORM 990 AND OTHER SOURCES OF SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED PERFORMING ARTS ORGANIZATIONS IN SIMILAR GEOGRAPHIC LOCATIONS. THE ORGANIZATION DOCUMENTS CONTEMPORANEOUSLY AND RETAINS RECORDS OF THE COMPENSATION DETERMINATION AND ANALYSIS. SCHEDULE J, PART I, LINE 1A HOUSING WAS PROVIDED TO THE EXECUTIVE AND ARTISTIC DIRECTOR OF CARNEGIE HALL, AND WAS REPORTED AS TAXABLE COMPENSATION. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN Form Sch J Part I Line 4b Carnegie Hall Corporation, a related entity maintains a supplemental nonqualified retirement plan, a (SERP). 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: $129,000 AMOUNT NOT SUBSTANTIALLY VESTED AND NOT TAXABLE: $0 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 1659202 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 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. The Carnegie Hall Society and Carnegie Hall Corporation are jointly and severally liable under this loan agreement. Two Sigma Investments LLC SEE PART V 1088889 Investment false RISK STRATEGIESDEWITT STERN SEE PART V 2463569 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 Carnegie Hall Society, Inc. While payment is made directly by Carnegie Hall Corporation, a related entity, the policies benefit the filing organization. Therefore, for full disclosure, this transaction is reported on Sch. L. X 15128 921226 X Cough Drops 1905120 56468 FMV X Other 758 27522 FMV false false false MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7A CARNEGIE HALL SOCIETY WAS INCORPORATED IN 1960 UNDER NEW YORKS MEMBERSHIP CORPORATION LAW, THE PREDECESSOR TO THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. MEMBERS ELECT TRUSTEES AT THE ORGANIZATIONS ANNUAL MEETING, AND THE TRUSTEES MAY IN TURN ELECT OTHER TRUSTEES. ALL MEMBERS (CURRENTLY FIVE) ARE ALSO TRUSTEES. BOARD REVIEW OF FORM 990 FORM 990, PART VI, SECTION A, LINE 11A THE FORM 990 IS PREPARED BY CARNEGIE HALL'S EXTERNAL ACCOUNTING FIRM WITH THE ASSISTANCE OF CARNEGIE HALL'S STAFF. THE STAFF AND FINANCE DEPARTMENT CAREFULLY REVIEW THE DRAFT FORMS, WHICH ARE THEN PROVIDED TO THE AUDIT COMMITTEE. THE BOARD OF TRUSTEES HAS DELEGATED RESPONSIBILITY FOR REVIEWING THE FORM 990 TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE PROVIDES THE FULL BOARD WITH ITS REVIEW COMMENTS. A COPY OF FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES BEFORE FILING. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICT OF INTEREST TRANSACTIONS AND RELATED PARTY TRANSACTIONS ARE REVIEWED BY AN INDEPENDENT GROUP OF TRUSTEES, MOST RECENTLY THE INDEPENDENT GOVERNANCE COMMITTEE, TO ENSURE THE TRANSACTIONS ARE IN THE ORGANIZATIONS BEST INTEREST AND IN COMPLIANCE WITH APPLICABLE LAW AND BEST PRACTICES, PURSUANT TO THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. 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 its current year audited financial statements available on its website. The form 990 is available upon request and on websites such as guidestar.org. Carnegie Hall currently does not make its governing documents and conflict of interest publicly available. Reconciliation of Net Assets FORM 990, PART XI, LINE 9 INTERCOMPANY EXPENSE ELIMINATED : 1,085,939 RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 Ronald O. Perelman and Barry F. Schwartz HAVE A BUSINESS RELATIONSHIP. David M. Siegel and Sanford I. Weill HAVE A BUSINESS RELATIONSHIP. JOSHUA NASH AND Sanford I. Weill 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. THE CARNEGIE HALL CORPORATION 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 PERFORM. ARTS NY 501 (C)(3) 7 NA true SPLIT INTEREST TRUST PLIF (1) PLIF NY NA Trust SPLIT INTEREST TRUST CRUT (1) CRUT NY NA Trust false true false false false false false false false false true false true true false false false false The Carnegie Hall Corporation b 42022156 FMV THE CARNEGIE HALL CORPORATIO 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 0 0 0 94141926 94141926 1000000 250000 0 0 0 THE CARNEGIE HALL SOCIETY 881 SEVENTH AVENUE NEW YORK NY 10019 136136259 0 178765 178765 11452011 11630776 731539 182885 0 0 0