Civic Intelligence

Peoples' Symphony Concerts

990 • Fiscal year 2018 • EIN 13-6034060

Jun 01, 2017 to May 31, 2018 • Filed on Mar 12, 2019

Organization ProfileWWW.PSCNY.ORG
121 West 27th Street No 703New York, NY 10001

(917) 488-9680

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.05x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Net Margin

81st percentile

35%

Higher net margin than 81% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE A • $5M-$10M nonprofits • Source year 2018

Asset Growth

70th percentile

8.7%

Faster asset growth than 70% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

23%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • NTEE A • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$5,403,912

Up $432,942 (+8.7%) from 2017

Net Assets

Up

$5,372,467

Up $416,658 (+8.4%) from 2017

Liabilities

Up

$31,445

Up $16,284 (+107%) from 2017

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin81st percentile

Revenue

Up

$631,983

Up $119,699 (+23%) from 2017

Expenses

Up

$408,420

Up $6,017 (+1.5%) from 2017

Net Income

Up

$223,563

Up $113,682 (+103%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $2,588,886Liabilities 2010: $22,974Net Assets 2010: $2,565,9122010Assets 2011: $3,119,293Liabilities 2011: $9,431Net Assets 2011: $3,109,8622011Assets 2012: $2,925,922Liabilities 2012: $26,643Net Assets 2012: $2,899,2792012Assets 2013: $3,425,787Liabilities 2013: $25,836Net Assets 2013: $3,399,9512013Assets 2014: $3,820,097Liabilities 2014: $20,400Net Assets 2014: $3,799,6972014Assets 2015: $4,005,051Liabilities 2015: $11,313Net Assets 2015: $3,993,7382015Assets 2016: $4,430,633Liabilities 2016: $10,900Net Assets 2016: $4,419,7332016Assets 2017: $4,970,970Liabilities 2017: $15,161Net Assets 2017: $4,955,8092017Assets 2018: $5,403,912Liabilities 2018: $31,445Net Assets 2018: $5,372,4672018Assets 2019: $5,461,690Liabilities 2019: $12,900Net Assets 2019: $5,448,7902019Assets 2020: $5,863,980Liabilities 2020: $14,549Net Assets 2020: $5,849,4312020Assets 2021: $7,370,640Liabilities 2021: $22,855Net Assets 2021: $7,347,7852021Assets 2022: $7,254,641Liabilities 2022: $18,763Net Assets 2022: $7,235,8782022Assets 2023: $7,153,870Liabilities 2023: $28,581Net Assets 2023: $7,125,2892023Assets 2024: $8,517,978Liabilities 2024: $41,603Net Assets 2024: $8,476,3752024

Highlighted filing

2018

Assets$5,403,912
Liabilities$31,445
Net Assets$5,372,467
Open 2018 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Expenses 2010: $318,3032010Revenue 2011: $381,414Expenses 2011: $332,810Net Income 2011: $48,6042011Revenue 2012: $412,570Expenses 2012: $359,242Net Income 2012: $53,3282012Expenses 2013: $342,7662013Revenue 2014: $469,429Expenses 2014: $362,049Net Income 2014: $107,3802014Revenue 2015: $393,019Expenses 2015: $380,761Net Income 2015: $12,2582015Revenue 2016: $956,648Expenses 2016: $387,816Net Income 2016: $568,8322016Revenue 2017: $512,284Expenses 2017: $402,403Net Income 2017: $109,8812017Revenue 2018: $631,983Expenses 2018: $408,420Net Income 2018: $223,5632018Revenue 2019: $657,789Expenses 2019: $419,665Net Income 2019: $238,1242019Revenue 2020: $548,406Expenses 2020: $368,087Net Income 2020: $180,3192020Revenue 2021: $586,585Expenses 2021: $381,002Net Income 2021: $205,5832021Revenue 2022: $1,218,325Expenses 2022: $557,833Net Income 2022: $660,4922022Revenue 2023: $626,634Expenses 2023: $605,287Net Income 2023: $21,3472023Revenue 2024: $943,125Expenses 2024: $623,093Net Income 2024: $320,0322024

Highlighted filing

2018

Revenue$631,983
Expenses$408,420
Net Income$223,563
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 12, 2019
Return Version
2017v2.3
Gross Receipts
$964,192
Mission and Program Overview

Mission

To provide affordably priced classical musical concerts for residents of the new york metropolitan area.

The organization was founded to provide affordable classical music concerts to the public of nyc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,961,775$5,394,717▲ $432,942
Prepaid Expenses and Deferred Charges$6,795$6,795→ $0
Total Assets$4,970,970$5,403,912▲ $432,942
Other Assets Total$2,400$2,400→ $0
Liabilities
Other Liabilities$2,261$18,545▲ $16,284
Accounts Payable and Accrued Expenses$12,900$12,900→ $0
Total Liabilities$15,161$31,445▲ $16,284
Net Assets / Fund Balance
Unrestricted Net Assets$4,905,809$5,322,467▲ $416,658
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$4,955,809$5,372,467▲ $416,658
Total Liabilities and Net Assets / Fund Balance$4,970,970$5,403,912▲ $432,942

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$50,000---$50,000
2016$50,000---$50,000
2015$50,000---$50,000
2014$50,000---$50,000
2013$50,000---$50,000
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Susan PorterChairperson
Richard R HowePresident
Hartley RogersBoard Member
Jose AndradeBoard Member
Julia WeidingerBoard Member
Lyndsay C HowardBoard Member
Stephen V MurphyBoard Member
Frederick WertheimSecretary
Richard a RaffettoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Frank Salomon AssociatesManagement Services121 WEST 27TH STREET SUITE 703, New York, NY 10001-6262$183,585
Revenue and Support

Revenue Composition

Contributions and Grants
$132,779
Program Service Revenue
$219,332
Investment Income
$279,872
Other Revenue
$0
All Other Contributions
$132,779
Change in Net Assets
$223,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,383
Revenue Not Reported on Financial Statements
$7,600
Revenue Not Reported on Form 990
$193,095
Total Revenue per Audited Statements
$817,478
Total Revenue per Form 990
$631,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$408,420
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$183,585--$183,585
Insurance$18,019--$18,019
Fees for Services Accounting-$11,938-$11,938
Fees for Service Investment Mgmnt Fees-$7,600-$7,600
Other Expenses$6,160--$6,160
Office Expenses$6,108--$6,108
Advertising$5,213--$5,213
All Other Expenses$1,077--$1,077
Fees for Services Other-$400-$400
Total Functional Expenses$388,482$19,938$0$408,420

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$408,420
Expenses per Audited Statements$400,820
Total Expenses per Audited Statements$400,820
Expenses Not Reported on Financial Statements$7,600
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Overdraft$18,545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Frederick wertheim (board secretary) is a partner and richard r. Howe (board president) is of counsel, at sullivan & cromwell llp, a law firm that provided legal services to the organization during the fiscal year.”

Form 990, Part VI, Section A, Line 3

“The arts management firm of frank salomon associates has been appointed to manage the day-to-day operations of the organization.”

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“The members of the organization elect the members of the board of directors annually.”

Form 990, Part VI, Section B, Line 11B

“Form 990 was provided to each board member before filing, and all comments have been reflected in the form as filed.”

Form 990, Part VI, Section B, Line 12C

“Directors are requested annually to certify in writing that they are in compliance with the code of ethics.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public on request.”

Filing and Contact Details

Filer

Filer Name
PEOPLES' SYMPHONY CONCERTS
EIN
13-6034060
Phone
9174889680
Address
121 WEST 27TH STREET NO 703, NEW YORK, NY 10001

Signing Officer

Name
Richard Raffetto
Title
Treasurer
Phone
9174889680
Signed
2019-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Raffetto
Formed
1902
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Martin Berkowitz
Phone
2126972299
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“In accordance with the provisions of the bequest (the endowment), the principal amount of $50,000 must be maintained in perpetuity with only investment gains being used for operating activities.”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0104806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0103310
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt088608
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt094422
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01159219
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IRS990ScheduleA/PublicSupportPY170Pct00.38830
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0132779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0160998
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0104806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0103310
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01097346
IRS990ScheduleA/TotalSupportAmt01577080
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07600
IRS990ScheduleD/ExpensesSubtotalAmt0400820
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07600
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07600
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0193095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CASH OVERDRAFT
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0193095
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07600
IRS990ScheduleD/RevenueSubtotalAmt0624383
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH THE PROVISIONS OF THE BEQUEST (THE ENDOWMENT), THE PRINCIPAL AMOUNT OF $50,000 MUST BE MAINTAINED IN PERPETUITY WITH ONLY INVESTMENT GAINS BEING USED FOR OPERATING ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0408420
IRS990ScheduleD/TotalLiabilityAmt018545
IRS990ScheduleD/TotalRevenuePerForm990Amt0631983
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0817478
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0400820
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FREDERICK WERTHEIM (BOARD SECRETARY) IS A PARTNER AND RICHARD R. HOWE (BOARD PRESIDENT) IS OF COUNSEL, AT SULLIVAN & CROMWELL LLP, A LAW FIRM THAT PROVIDED LEGAL SERVICES TO THE ORGANIZATION DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ARTS MANAGEMENT FIRM OF FRANK SALOMON ASSOCIATES HAS BEEN APPOINTED TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 WAS PROVIDED TO EACH BOARD MEMBER BEFORE FILING, AND ALL COMMENTS HAVE BEEN REFLECTED IN THE FORM AS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DIRECTORS ARE REQUESTED ANNUALLY TO CERTIFY IN WRITING THAT THEY ARE IN COMPLIANCE WITH THE CODE OF ETHICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt05403912
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0219332
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/USAddress/AddressLine1Txt01095 AVENUE OF THE AMERICAS 15TH
IRS990/USAddress/AddressLine2Txt0FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010036
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.PSCNY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD RAFFETTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09174889680
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEOPLES' SYMPHONY CONCERTS
ReturnHeader/Filer/BusinessNameControlTxt0PEOP
ReturnHeader/Filer/EIN0136034060
ReturnHeader/Filer/PhoneNum09174889680
ReturnHeader/Filer/USAddress/AddressLine1Txt0121 WEST 27TH STREET NO 703
ReturnHeader/Filer/USAddress/CityNm0NEW YORK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,403,912
Liabilities
$31,445
Net assets
$5,372,467
Revenue
$631,983
Expenses
$408,420
Net income
$223,563
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.52$0.04$8.48$0.94$0.62$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.15$0.03$7.13$0.63$0.61$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.25$0.02$7.24$1.22$0.56$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.37$0.02$7.35$0.59$0.38$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$0.01$5.85$0.55$0.37$0.18
2019Detailed filing. Detailed filing data is available for this year.$5.46$0.01$5.45$0.66$0.42$0.24
2018Detailed filing. Detailed filing data is available for this year.$5.40$0.03$5.37$0.63$0.41$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$0.02$4.96$0.51$0.40$0.11
2016Detailed filing. Detailed filing data is available for this year.$4.43$0.01$4.42$0.96$0.39$0.57
2015Detailed filing. Detailed filing data is available for this year.$4.01$0.01$3.99$0.39$0.38$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.02$3.80$0.47$0.36$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$0.03$3.40$0.34
2012Summary only. Only limited summary data is available for this year.$2.93$0.03$2.90$0.41$0.36$0.05
2011Summary only. Only limited summary data is available for this year.$3.12$0.01$3.11$0.38$0.33$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.02$2.57$0.32