2016-05-13T13:08:18-05:00 2015-06-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2014-07-01 136136259 The Carnegie Hall Society Inc % PATRICIA LONG CARN 2129039600 881 SEVENTH AVENUE NEW YORK NY 10019 PATRICIA LONG CFO 2129039690 2016-05-11 true MARGARET A BRADSHAW P00501222 7032868000 2014 2016-08-17 19:52:53Z CLIVE GILLINSON 881 SEVENTH AVE NEW YORK NY 10019 64824017 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. 55 48 0 66 0 -677925 46373798 40425081 0 0 783460 -554923 -680543 -1496411 46476715 38373747 57767653 78502518 0 0 3002795 3048054 367755 826158 4710799 8790812 8191407 69929015 90568137 -23452300 -52194390 400839097 364208796 110511616 110453443 290327481 253755353 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 78502518 78502518 SUPPORT THE PRESENTATION OF CONCERTS AND PERFORMANCES BY CARNEGIE HALL CORPORATION, TO ENCOURAGE THE DEVELOPMENT OF TALENT IN MUSIC RELATED ARTS. 5490264 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. 1173599 OTHER OPERATING AND SPECIAL PROJECTS 85166381 true true false true false false false false false true false true false false false 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 55 48 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 VICE CHAIRMAN 1.0 0.0 X 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 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 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 1380047 84323 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 1.0 0.0 X 0 0 0 SUZANNE 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 L 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 CHAIRMAN 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 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 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 MD 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 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 JAMES TAYLOR 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 SCOTT A EDELMAN SECRETARY 1.0 0.0 X X 0 0 0 SALLIE KRAWCHECK TRUSTEE 1.0 0.0 X 0 0 0 LEN BLAVATNIK TRUSTEE 1.0 0.0 X 0 0 0 JOYCE DIDONATO TRUSTEE 1.0 0.0 X 0 0 0 BRAD GREY TRUSTEE 1.0 0.0 X 0 0 0 JOSHUA RUCH TRUSTEE 1.0 0.0 X 0 0 0 BARRY F SCHWARTZ TRUSTEE 1.0 0.0 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 TRUDIE STYLER TRUSTEE 1.0 0.0 X 0 0 0 YOKO CESCHINA TRUSTEE 1.0 0.0 X 0 0 0 MARK KINGDON TRUSTEE 1.0 0.0 X 0 0 0 ANDREW PAUL TRUSTEE 1.0 0.0 X 0 0 0 OSCAR DE LA RENTA TRUSTEE 1.0 0.0 X 0 0 0 HENRY SEGERSTROM TRUSTEE 1.0 0.0 X 0 0 0 JOHN ZICK TRUSTEE 1.0 0.0 X 0 0 0 CONSTANCE CLAMAN ACTING DIRECTOR OF FINANCE 1.0 60.0 X 0 123334 7303 PATRICIA LONG CHIEF FINANCIAL OFFICER 1.0 60.0 X 0 0 0 THEODORE E PHILLIPS DIRECTOR OF FINANCE 0.0 0.0 X 0 164412 12275 0 1667793 103901 0 true true false 0 9033980 927915 30463186 1140817 40425081 0 1110735 1110735 0 0 0 0 0 23047323 24712981 -1665658 -1665658 -1665658 240878 9033980 1737289 -1496411 -1496411 0 0 0 38373747 0 0 -2051334 78502518 78502518 0 0 0 0 0 2314535 2314535 0 733519 733519 0 0 3547 3547 0 181578 181578 826158 826158 690957 690957 200584 200584 21988 21988 226925 226925 20796 20796 0 0 15235 15235 0 0 5435425 5435425 0 0 0 CONCERT EXPENSES 670471 670471 PURCHASE OF CH TICKETS 283656 283656 HOUSE CHARGES- CHC 219052 219052 BAD DEBT 420 420 220773 54839 165934 90568137 85166381 690957 4710799 10137800 4598426 0 0 68607648 23874510 0 0 0 0 0 0 0 0 0 0 1500048 1439347 0 218430869 237891314 102162732 96405199 0 0 0 0 0 0 400839097 364208796 607074 547074 0 0 99927 94066 109804615 109812303 0 0 0 0 0 0 0 0 0 0 110511616 110453443 X -27021360 -72468938 135292408 143845068 182056433 182379223 290327481 253755353 400839097 364208796 X -52194390 14969324 -28944 681882 X false true X true false X 45834851 47321748 66838505 46373798 40425081 246793983 0 0 45834851 47321748 66838505 46373798 40425081 246793983 28147626 218646357 1801834 911656 899676 786899 1110735 5510800 0 0 252304783 0.86660 0.98038 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 181578 181578 181578 181578 11467049 95520814 11648627 95702392 732431 1732431 183108 433108 1000000 1000000 1000000 1000000 4000000 6000000 185928 181975 182771 181578 732252 250000 250000 250000 250000 1000000 1500000 308240967 322790 13724025 16700000 305587782 270393260 203285 53144422 15500000 308240967 249340602 322971 35329687 14600000 270393260 261307558 1889256 -1456212 12400000 249340602 231758477 1108378 40440703 12000000 261307558 0.02100 0.59680 0.38220 false false EQUITIES 42466154 F ALTERNATIVE INVESTMENTS 8465353 F REAL ESTATE FUNDS 14426006 F PRIVATE EQUITY FUNDS 31047686 F 96405199 100715646 14969324 36500 46285501 61291325 39424321 686715 -1737289 -1050574 38373747 111001097 65444 21054231 21119675 89881422 686715 686715 90568137 OTHER REVENUE INCLUDED ON AFS BUT NOT FORM 990, PART VIII SCHEDULE D, PART XI, LINE 2D AFFILIATE'S REVENUE : $113,626,039 AFFILIATE'S EXPENSES RECLASSED IN REVENUE : 9,830,642 INTERCOMPANY GRANT ELIMINATED : (78,502,518) AFFILIATE'S DONATED SERVICES : 1,331,340 rounding -2 ----------- TOTAL OTHER LINE 2D = $ 46,285,501 OTHER REVENUE INCLUDED ON FORM 990, PART VIII BUT NOT IN AFS SCHEDULE D, PART XI, LINE 4B FUNDRAISING EXPENSES (1,737,289) OTHER EXPENSES INCLUDED ON AUDITED FINANCIAL STATEMENTS BUT NOT FORM 990 SCHEDULE D, PART XII, LINE 2D AFFILIATE'S EXPENSES : $ 84,053,765 AFFILIATE'S EXPENSES RECLASSED TO REVENUE : 9,830,642 AFFILIATE'S DONATED SERVICES : 1,331,340 INTERCOMPANY GRANT ELIMINATED : (78,502,518) INTERCOMPANY EXPENSE ELIMINATED : (681,882) ACTUARIAL GAIN ON PENSION PLAN : 3,285,595 FUNDRAISING EXPENSES : 1,737,289 ------------- TOTAL OTHER LINE 2D = 21,054,231 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 84132200 84132200 84132200 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 993137 362061 563017 Community Counselling Servic Campaign Consulting false 15000000 420000 14580000 15993137 782061 15143017 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 5082882 4886629 196253 565504 232094 216855 189385 Medal of Excel 4146351 4116351 30000 439459 110030 2699 53407 1 45625 31000 14625 150 25657 29073 9274858 9033980 240878 1005113 367781 219554 271865 1864313 -1623435 false The Carnegie Hall Corporation 881 Seventh Avenue New York NY 10019 131923626 501(c)(3) 78502518 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 CARNEGNE HALL CORPORATION, A CLOSELY AFFILIATED ORGANIZATION. ACCORDINGLY, GRANT OVERSIGHT PROCEDURES ARE NOT NEEDED. X X X true true false true false false false false false false false CLIVE GILLINSON EXECUTIVE & ARTISTIC DIRECTOR 0 1028123 0 0 0 351924 0 59422 0 24901 0 1464370 0 0 THEODORE E PHILLIPS DIRECTOR OF FINANCE 0 129861 0 0 0 34551 0 0 0 12275 0 176687 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. TRAVEL FOR COMPANIONS AND HEALTH OR SOCIAL DUES HAVE BEEN CHECKED BECAUSE THE ORGANIZATION HAS A POLICY COVERING THESE ITEMS. NO EXPENDITURES WERE INCURRED FOR THESE ITEMS DURING THE REPORTING YEAR. 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 THEODORE E. PHILLIPS AMOUNT SUBSTANTIALLY VESTED AND TAXABLE: $33,969 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 true false false false A false false false false false false 0 false 0 false false A false Two Sigma Investments LLC SEE PART V 755257 Investment false SCHEDULE L, PART IV Two Sigma Investments LLC - Entity over 35% controlled by David M. Siegel, Trustee of the Carnegie Hall Society, Inc. X 12949 1038046 X Cough Drops 1200000 36980 FMV X MISCELLANEOUS GIFT ITEMS 345 17167 FMV X BEVERAGES AND RELATED 775 43924 FMV X OTHER MISCELLANEOUS ITEMS 1 4700 FMV false false false MEMBERS FORM 990, PART VI, SECTION A, LINES 6 AND 7A CARNEGIE HALL SOCIETY'S FIRST MEMBERS WERE THE INDIVIDUALS WHO FOUNDED THE CARNEGIE HALL CORPORATION, INC. AND SIGNED ITS ARTICLES OF INCORPORATION. OVER TIME, THE TRADITION CONTINUED -- MEMBERS CONTINUED TO EXIST AS A GROUP OF INDIVIDUALS DEDICATED TO SUPPORTING CARNEGIE HALL. ALL MEMBERS ARE EITHER CURRENT OR FORMER TRUSTEES. MEMBERS MAY BE APPOINTED BY THE BOARD OF TRUSTEES. THE MEMBERS ELECT TRUSTEES EACH YEAR, AND THOSE TRUSTEES MAY IN TURN APPOINT ADDITIONAL TRUSTEES TO THE BOARD. 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 CARNEGIE HALL HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE POLICY REQUIRES ANNUAL DISCLOSURES, AND PROSPECTIVE TRUSTEES MUST PROVIDE A DISCLOSURE STATEMENT PRIOR TO ELECTION. UNDER CARNEGIE HALL'S FORMER POLICIES AND PROCEDURES ON CONFLICT OF INTEREST MATTERS, OVERSIGHT OF SUCH MATTERS RESTED WITH THE AUDIT COMMITTEE AND SECRETARY. UNDER A REVISED POLICY ADOPTED FEBURARY 23, 2016, OVERSIGHT OF CONFLICT OF INTEREST MATTERS RESTS WITH THE INDEPENDENT CARNEGIE HALL GOVERNANCE COMMITTEE. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 Carnegie Hall does make 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 : 681,882 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. THE CARNEGIE HALL CORPORATION 881 SEVENTH AVENUE NEW YORK NY 10019 131923626 PERFORM. 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