2013-05-10T10:47:56-05:00 2012-06-30 MARCUM LLP ONE SE THIRD AVENUE 10TH FLOOR MIAMI FL 33131 990 2011-07-01 592809056 NEW WORLD SYMPHONY INC C/O DAVID PHILLIPS % DAVID PHILLIPS NEWW 3054286700 500 17TH STREET MIAMI BEACH FL 33139 DAVID PHILLIPS 3059959600 2013-04-22 true 3059959600 2011 2016-02-25 16:41:14Z DAVID PHILLIPS 500 17TH STREET MIAMI BEACH FL 33139 25369736 false X www.nws.edu X 1987 FL THE NEW WORLD SYMPHONY, AMERICA'S ONLY FULL-TIME ORCHESTRAL ACADEMY, PREPARES GIFTED GRADUATES OF PRESTIGIOUS MUSIC PROGRAMS FOR SUCCESSFUL CAREERS IN ORCHESTRAS AND ENSEMBLES. 34 31 0 142 -483341 -778925 13468936 12522904 1976280 1640779 5653222 939867 1918319 -621783 23016757 14481767 1494582 1456619 0 0 1235657 1476297 0 0 1368091 14172387 15932489 16902626 18865405 6114131 -4383638 260432983 265582074 31245458 41461289 229187525 224120785 The New World Symphony, America's only full-time orchestral academy, prepares gifted graduates of distinguished music programs for leadership roles in orchestras and ensembles throughout the world. Organization Overview: The New World Symphony (NWS), America's orchestral academy, offers a three-year postgraduate fellowship program of multidisciplinary training in musical technique, performance, audience development, and community engagement activities. Each year, NWS recruits an average of 100 artists and professionals in the field for residencies as visiting faculty to mentor, coach, and/or perform with the Fellows. These include some of the world's leading conductors, composers and soloists, as well as professionals representing a wide range of music-related disciplines who work with Fellows in areas such as community engagement, performance psychology, musician health, and arts administration. Organization Activities: The NWS fellowship program offers an experiential curriculum invo false false 11606624 1456619 Artistic Programming: A unique laboratory for musical expression, the New World Symphony (NWS) is shaping the future of classical music performance and presentation using the advanced technologies of its new campus, the Frank Gehry-designed New World Center. NWS challenges the traditional concert scenario, creating new audiences by breaking down barriers to classical music, and generating new ideas about the way music is taught, presented, and experienced. While preparing highly-gifted graduates of distinguished music programs for leadership roles in orchestras and ensembles around the world, NWS has become an international cultural hub where ideas about music, architecture, and art intersect. NWS is dedicated to the artistic, personal, and professional development of outstanding instrumentalists. This Fellowship program provides gifted young musicians with intensive post-graduate training, modeled after the demands of a professional orchestra. Fellows have the opportunity to enhance their education with the finest professional preparation through a wide range of performance and instructional activities. Under the artistic direction of NWS Founder Michael Tilson Thomas, NWS Fellows and nearly 80,000 residents and tourists in this region enjoy in-depth exposure to traditional and modern repertoire, with the active involvement of leading guest conductors, soloists, and coaches. The relationships with these artists are extended through NWS' pioneering experimentation with distance learning via Internet2. Co-founded in 1987 by Michael Tilson Thomas and Ted Arison, the New World Symphony is celebrating its 25th Anniversary having launched the careers of more than 800 musicians. In North America, they are members of such ensembles as the Boston Symphony, Cleveland Orchestra, Los Angeles Philharmonic, National Symphony in Washington, D.C., Metropolitan Opera Orchestra, and the San Francisco Symphony. Their placement in foreign orchestras includes symphonies and chamber orchestras in Germany, China, Hong Kong, France, and Spain. In addition, many NWS musicians have chosen career paths in chamber music, music education, and arts management. New World Symphony's fellowship program consists of an immersive curriculum of instructional and performance activities designed to expand the musical and professional horizons of NWS Fellows beyond music school and conservatory training. Over the course of the 35-week season, a visiting faculty of more than 150 artists and professionals in the field offer master classes, coaching, and private lessons, as well as advanced classes specializing in topics such as Audition Training and Performance Psychology, Performance Opportunities, and training in Communications and Community Engagement. The development training and professional insight offered to NWS Fellows culminates in weekly concert presentations, offering South Florida audiences access to diverse repertoire in an array of performance formats. The Greater Miami community benefits from some 80 concert and educational events, ranging from full orchestra performances to lectures by NWS Fellows on a variety of topics. Over 25% of all NWS programming is offered free to the public, and thousands of residents and tourists enjoy attending NWS WALLCAST performances in Miami Beach's SoundScape. Since its inaugural concert on February 4, 1988, the New World Symphony has been heard in such prestigious venues as New York's Carnegie Hall and Avery Fisher Hall, London's Barbican Centre, Paris' Bastille Opera and Argentina's Teatro Colon. NWS has made seven recordings to date. Most recently, as part of its Great Performances series, PBS aired The Thomashefskys: Music and Memories of a Life in the Yiddish Theater on March 29, 2012. This special performance was recorded in April 2011 at the New World Center and features Michael Tilson Thomas conducting the NWS. In 2011, the New World Symphony moved from the historic Lincoln Theatre into the New World Center, a campus and concert hall designed by Pritzker Prize-winning architect Frank Gehry. Conceived as a laboratory, New World Center was built based upon the needs of NWS programming and features numerous rehearsal and performance spaces, a flexible and variable seating performance hall, and a 7,000 square foot projection wall on which concerts, video art, and films are shown free of charge. 3204412 1640779 Orchestral Training: NWS offers postgraduate fellowships for 86 positions - violin (26), viola (10), cello (9), bass (7), flute (3), oboe (3), clarinet (3), bassoon (3), horn (5), trumpet (3), trombone (2), bass trombone (1), tuba (1), timpani (1), percussion (4), harp (1), piano (1), conducting (1), audio engineering (1), and library (1). In a highly competitive process, approximately 30 gifted young musicians are selected annually from 1,200 applicants to participate in NWS' postgraduate fellowship program. NWS Fellows are music graduates from top universities and conservatories, meeting NWS' undergraduate degree requirement at a minimum, although many hold postgraduate degrees in music. NWS Fellowships are awarded on a season-to-season basis for up to three seasons, and the package of benefits includes a weekly stipend; a grant for relocation assistance; instrument loans; and free private accommodations at furnished apartments in nearby NWS-owned facilities. NWS' advanced professional development program helps Fellows to further cultivate the full complement of skills and qualifications required of successful 21st century musicians. During the 2011-12 Season, 25 NWS Fellows won orchestral positions in such institutions as the St. Louis, Charleston, Ft. Worth, Detroit, Bergen (Norway) and Richmond symphonies, and the Kennedy Center Opera House, New York City Ballet, Houston Grand Opera, and Manchester Camerata Chamber orchestras. Additionally, this past season saw 10 NWS alumni win new positions. For the past five years, a seasonal average of 24 Fellows have won jobs in orchestras and ensembles worldwide. Having risen from an average of 15 in 2000, this metric is especially impressive given the recession-driven reduction in the number of job openings in professional ensembles. 144203 Audience Development and Community Engagement: The artistic and educational activities associated with the professional development aspect of NWS' fellowship program are complemented with comprehensive community engagement initiatives, which serve a dual purpose in meeting the organization's mission: 1) To enrich the cultural vitality of the community by introducing nontraditional audiences to classical music and fostering appreciation and understanding of this art form among our patrons; 2) To promote community involvement and leadership among NWS Fellows and help them become effective and enthusiastic advocates for classical music in the communities in which they secure professional positions. NWS is proud to offer several programs tailored for students. Each year NWS Fellows gain invaluable experience teaching, coaching, and performing for students in the community through a variety of initiatives including private lessons, intimate in-classroom presentations, an educational daytime concert series and webcast, a side-by-side and concerto competition, an adult lecture series, and rehearsal observations. In the 2011-2012 school year, over 15,000 students participated in NWS programs, the majority of whom were students in Miami-Dade and Broward counties. Children's programming includes: - Education Concerts: The NWS Education concerts are designed to be an inspirational, educational experience outside the classroom for grades 6-12. These thematic daytime concerts will introduce major orchestral works and composers to students and teachers from Miami-Dade and Broward counties. A study guide is sent to all participating classes and round-trip bus transportation is provided free of charge. - Side-By-Side Ensemble: New World Symphony is pleased to offer advanced young instrumentalists grades 7 through 12 an opportunity to perform in the Side by Side Ensemble concert, where they will be play alongside NWS fellows, developing a musical working relationship as they prepare and perform orchestral works of the highest caliber. - MusicLab: Introduced during the 2009-10 season, MusicLab is changing the way students in Miami-Dade County experience music education. Now operating in four Miami-Dade County public schools, this 26-week residency program brings the expertise of NWS Fellows directly into the classroom, giving students a hands-on experience in the field of music performance, alongside a variety of supportive activities for personal enrichment. The New World Symphony believes that the orchestra musician of the 21st century needs not only extraordinary performance training, but also the ability to contribute to the society at large as an advocate, educator and mentor. 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THE PURPOSE OF THE ENDOWMENT FUND IS TO CREATE A CONTINUOUS DEVELOPMENT PROGRAM THAT WILL ENABLE INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO MAKE GIFTS TO NWS, TO PROVIDE FOR THE PERMANENT FINANCING OF THE PROGRAMS OF NWS, AND TO ENSURE THE PERMANENT EXISTENCE OF NWS. ARTWORK COLLECTION SCHEDULE D, PART III, LINE 4 New World Symphony believes the classical music experience begins when one crosses our NEW CAMPUS' threshold as a patron, musician or curious observer. Our NEW CAMPUS and its contents ARE the beginning of the experience as well as the contents inside. The art piece that has been so generously donated to us aids in the beginning of this experience. REVENUE/EXPENSE RECONCILIATION SCHEDULE D, PART XII LINE 2D & PART XIII LINE 2D Direct Rental expenses of $1,825,497 are shown as expenses on the financial statements. However, Direct rental expenses are showN net of rental income on the Form 990 page 9. Direct Fundraising expenses of $317,434 are shown as expenses on the financial statements. However, Direct Fundraising expenses are showN net of fundraising income on the Form 990 page 9. Total Adjustment - $2,142,931 REVENUE/EXPENSE RECONCILIATION SCHEDULE D, PART XII LINE 4B & PART XIII LINE 4B Management Fees of $293,062 are shown net of investment income on the financial statements. However, management fees are shown as a separate expense on the Form 990 page 10. UNCERTAIN TAX POSITION SCHEDULE D, PART X, LINE 2 New World Symphony is a non-profit corporation as defined by Section 501(c)(3) of the U.S. Internal Revenue Code and as such is subject to federal income taxes only on unrelated business income. There were no income taxes resulting from unrelated business income during the year ended June 30, 2012. New Campus and Alton Pointe are single member limited liability companies and accordingly are disregarded for tax purposes. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of June 30, 2012, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. If the Organization were to incur an income tax liability in the future, interest would be reported as interest expense and penalties would be reported as income taxes. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes the Organization is no longer subject to income tax examinations for years prior to 2009. true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY SCHEDULE E, LINE 3 THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS STATED IN ITS RECRUITMENT BROCHURE AS WELL AS THE PUBLICATIONS "INTERNATIONAL MUSICIAN" WHICH IS WELL KNOWN WITHIN THE COMMUNITY IT SERVES. FINANCIAL AID SCHEDULE E, LINE 6A THE ORGANIZATION RECIEVES GRANTS FROM VARIOUS GOVERNMENTAL AGENCIES TO FACILITATE PROGRAMS IN FURTHERANCE OF ITS MISSION. GALA 779869 617927 161942 77455 75071 25307 127075 FAMILY EVENT 94853 77803 17050 728 4156 7642 1 5885 5885 880607 701615 178992 77455 75799 29463 134717 317434 -138442 true STIPEND FOR PROGRAM PARTICIPANTS 88 1393687 STIPEND (SUBSTITUTES) PROGRAM ACTIVITIES 202 62932 MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 ALL OF THE ORGANIZATION'S FELLOWS RECEIVE A STIPEND FOR LIVING EXPENDITURES WHILE IN THE PROGRAM. X X X X false false false false false false false false false HOWARD HERRING 247745 0 0 0 0 0 0 0 9641 0 257386 0 0 0 VICTORIA ROGERS 249657 0 0 0 0 0 0 0 9729 0 259386 0 0 0 DAVID PHILLIPS 210328 0 0 0 0 0 0 0 8155 0 218483 0 0 0 DOUGLAS MERILATT 187404 0 0 0 0 0 0 0 7253 0 194657 0 0 0 WILLIAM WILLIAMS 150220 0 0 0 0 0 0 0 5978 0 156198 0 0 0 GOVERNING BODY AND MANAGEMENT FORM 990, PAGE 6, PART VI, SECTION A, LINE 2 SARAH S. ARISON - NEICE OF MADELINE ARISON & HARRY M. HERSH HARRY M. HERSH & MADELINE ARISON - UNCLE & AUNT OF SARAH S. ARISON JUDY WEISER - SPOUSE OF SHERWOOD M. WEISER (RECENTLY DECEASED) SHERWOOD M. WEISER (RECENTLY DECEASED) - SPOUSE OF JUDY WEISER POLICIES AND PROCEDURES FORM 990, PAGE 6, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS OF NWS HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT MINIMIZE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS MUCH AS POSSIBLE. THE POLICY ESTABLISHES THE FRAMEWORK WITHIN WHICH NWS WISHES ITS BUSINESS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT EMPLOYEES AND BOARD MEMBERS CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. STAFF MEMBERS AT DIRECTOR LEVEL AND ABOVE AND TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS, WHICH INDICATES WHETHER OR NOT THEY HAVE PARTICIPATED IN ANY BUSINESS TRANSACTION THAT WOULD GIVE RISE TO A CONFLICT OF INTEREST. POLICIES AND PROCEDURES FORM 990, PAGE 6, PART VI, SECTION B, LINE 15A THE CHAIRMAN OF THE BOARD REVIEWS COMPARABILITY DATA WHEN HIRING A NEW PRESIDENT AND ANNUALY APPROVES THE PRESIDENT'S COMPENSATION PACKAGE BASED ON PERFORMANCE. THE PRESIDENT APPROVES BOTH THE EXECUTIVE VICE PRESIDENT AND SENIOR VICE PRESIDENT'S COMPENSATION PACKAGE BASED ON PERFORMANCE. DISCLOSURE ITEMS FORM 990, PAGE 6, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ANNUAL REPORT CONTAINS A BRIEF SUMMARY OF THE FINANCIAL STATEMENTS AND THE COMPLETE FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE THROUGH ACCESS OF GUIDESTAR. GOVERNING BODY AND MANAGEMENT FORM 990, PAGE 6, PART VI, SECTION A, LINE 10 THE CFO IS REPONSIBLE FOR THE TIMELY PREPARATION OF THE FORM 990. IT WILL THEN BE PRESENTED TO THE FINANCE COMMITTEE SUFFICIENTLY IN ADVANCE OF THE FILING DEADLING FOR THEIR REVIEW. ALL MEMBERS OF THE BOARD OF TRUSTEES WILL BE INVITED TO REVIEW THE FINAL FORM 990 UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS RELATES TO UNREALIZED GAINS AND LOSSES NOT RECORDED ON THE FORM 990. TOTAL UNREALIZED GAIN/LOSS PER THE FINANCIAL STATEMENTS - ($683,102) NEW CAMPUS II LLC 500 17TH STREET MIAMI BEACH FL 33139 432074025 DVLP NEWFACLT FL -4677237 153515673 NONE ALTON POINTE LLC 500 17TH STREET MIAMI BEACH FL 33139 455001665 HOUSING FL 248969 20902788 NONE