Civic Intelligence

Albany Symphony Orchestra Inc

EIN 14-6013010 • 501(c)3 • Albany, NY

Profile

The albany symphony orchestra celebrates our great musical heritage. Through brilliant live performances, innovative educational programming, and engaging cultural events, the aso enriches a broad and diverse regional community. In addition, by creating, recording, and disseminating the music of our time, the aso is establishing an enduring artistic legacy that is reshaping the nation's musical future.

19 Clinton AveAlbany, NY 12207

albanysymphony.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.46x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

45th percentile

3.5%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

10%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,645,390

Up $396,510 (+3.5%) from 2023

Liabilities

Down

$1,268,833

Down $551 (-0.0%) from 2023

Net Assets

Up

$10,376,557

Up $397,061 (+4.0%) from 2023

Revenue

Up

$2,765,240

Up $253,776 (+10%) from 2023

Expenses

Down

$3,136,533

Down $8,415 (-0.3%) from 2023

Net Income

Up

-$371,293

Up $262,191 (+41%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $1,487,811Liabilities 2011: $1,387,758Net Assets 2011: $100,0532011Assets 2012: $1,336,769Liabilities 2012: $1,160,316Net Assets 2012: $176,4532012Assets 2013: $1,632,456Liabilities 2013: $1,342,334Net Assets 2013: $290,1222013Assets 2014: $1,501,070Liabilities 2014: $1,243,799Net Assets 2014: $257,2712014Assets 2015: $1,079,193Liabilities 2015: $936,145Net Assets 2015: $143,0482015Assets 2016: $1,183,891Liabilities 2016: $1,160,877Net Assets 2016: $23,0142016Assets 2017: $8,409,163Liabilities 2017: $1,315,254Net Assets 2017: $7,093,9092017Assets 2018: $10,696,141Liabilities 2018: $1,625,420Net Assets 2018: $9,070,7212018Assets 2019: $11,184,745Liabilities 2019: $1,511,299Net Assets 2019: $9,673,4462019Assets 2020: $10,851,162Liabilities 2020: $1,560,539Net Assets 2020: $9,290,6232020Assets 2021: $12,413,747Liabilities 2021: $1,248,224Net Assets 2021: $11,165,5232021Assets 2022: $10,644,656Liabilities 2022: $1,175,752Net Assets 2022: $9,468,9042022Assets 2023: $11,248,880Liabilities 2023: $1,269,384Net Assets 2023: $9,979,4962023Assets 2024: $11,645,390Liabilities 2024: $1,268,833Net Assets 2024: $10,376,5572024

Highlighted filing

2024

Assets$11,645,390
Liabilities$1,268,833
Net Assets$10,376,557

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $2,001,9392011Revenue 2012: $2,312,299Expenses 2012: $2,189,497Net Income 2012: $122,8022012Expenses 2013: $2,191,2682013Revenue 2014: $2,222,408Expenses 2014: $2,269,595Net Income 2014: -$47,1872014Revenue 2015: $2,225,082Expenses 2015: $2,319,340Net Income 2015: -$94,2582015Revenue 2016: $2,314,569Expenses 2016: $2,411,471Net Income 2016: -$96,9022016Revenue 2017: $9,743,171Expenses 2017: $2,674,058Net Income 2017: $7,069,1132017Revenue 2018: $5,137,579Expenses 2018: $3,114,062Net Income 2018: $2,023,5172018Revenue 2019: $3,098,755Expenses 2019: $2,721,556Net Income 2019: $377,1992019Revenue 2020: $1,691,043Expenses 2020: $2,060,616Net Income 2020: -$369,5732020Revenue 2021: $2,273,007Expenses 2021: $1,804,031Net Income 2021: $468,9762021Revenue 2022: $4,231,453Expenses 2022: $3,403,486Net Income 2022: $827,9672022Revenue 2023: $2,511,464Expenses 2023: $3,144,948Net Income 2023: -$633,4842023Revenue 2024: $2,765,240Expenses 2024: $3,136,533Net Income 2024: -$371,2932024

Highlighted filing

2024

Revenue$2,765,240
Expenses$3,136,533
Net Income-$371,293

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$1.27$10.4$2.77$3.14$0.37
2023Detailed filing. Detailed filing data is available for this year.$11.2$1.27$9.98$2.51$3.14$0.63
2022Detailed filing. Detailed filing data is available for this year.$10.6$1.18$9.47$4.23$3.40$0.83
2021Detailed filing. Detailed filing data is available for this year.$12.4$1.25$11.2$2.27$1.80$0.47
2020Detailed filing. Detailed filing data is available for this year.$10.9$1.56$9.29$1.69$2.06$0.37
2019Detailed filing. Detailed filing data is available for this year.$11.2$1.51$9.67$3.10$2.72$0.38
2018Detailed filing. Detailed filing data is available for this year.$10.7$1.63$9.07$5.14$3.11$2.02
2017Detailed filing. Detailed filing data is available for this year.$8.41$1.32$7.09$9.74$2.67$7.07
2016Detailed filing. Detailed filing data is available for this year.$1.18$1.16$0.02$2.31$2.41$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.94$0.14$2.23$2.32$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.50$1.24$0.26$2.22$2.27$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$1.34$0.29$2.19
2012Summary only. Only limited summary data is available for this year.$1.34$1.16$0.18$2.31$2.19$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$1.39$0.10$2.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$4,819,590
Mission and Program Overview

Mission

The albany symphony orchestra celebrates our great musical heritage. Through brilliant live performances, innovative educational programming, and engaging cultural events, the aso enriches a broad and diverse regional community. In addition, by creating, recording, and disseminating the music of our time, the aso is establishing an enduring artistic legacy that is reshaping the nation's musical future.

The albany symphony orchestra celebrates our living musical heritage. Through brilliant live performances, innovative educational programming, and engaging cultural events, the albany symphony enriches a broad & diverse regional community. By creating, recording, and disseminating the music of our time, the albany symphony is establishing an enduring artistic legacy that is reshaping the nation's musical future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,928,300$10,604,872▲ $676,572
Pledges and Grants Receivable$553,976$553,534▼ $442
Savings and Temporary Cash Investments$352,265$250,387▼ $101,878
Prepaid Expenses and Deferred Charges$71,076$79,975▲ $8,899
Accounts Receivable$7,656$9,885▲ $2,229
Land, Buildings, and Equipment, Net$9,081$8,797▼ $284
Cash and Non-Interest-Bearing Accounts$1,536$2,088▲ $552
Other Notes and Loans Receivable, Net$938$0▼ $938
Total Assets$11,248,880$11,645,390▲ $396,510
Other Assets Total$324,052$135,852▼ $188,200
Liabilities
Mortgage Notes Payable Secured by Investment Property$251,562$613,946▲ $362,384
Accounts Payable and Accrued Expenses$386,409$332,945▼ $53,464
Deferred Revenue$374,565$307,308▼ $67,257
Other Liabilities$256,848$14,634▼ $242,214
Total Liabilities$1,269,384$1,268,833▼ $551
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,217,712$10,941,772▲ $724,060
Net Assets Without Donor Restrictions$-238,216$-565,215▼ $326,999
Total Net Assets Fund Balance$9,979,496$10,376,557▲ $397,061
Total Liabilities and Net Assets / Fund Balance$11,248,880$11,645,390▲ $396,510

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,797$230,043$238,840
Other Land Buildings$0$98,749$98,749
Leasehold Improvements$0$31,493$31,493

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$10,254,252-▲ $1,249,737$546,019$10,957,970
2022$9,750,724$110,000▲ $886,575$493,047$10,254,252
2021$10,939,323$65,536▼ $838,778$415,357$9,750,724
2020$9,637,042-▲ $1,907,658$605,377$10,939,323
2019$10,244,447$258,810▼ $234,248$631,967$9,637,042
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David Alan MillerMusic DirectorPT$161,000$4,950$165,950
Revenue and Support

Revenue Composition

Contributions and Grants
$1,464,621
Program Service Revenue
$651,042
Investment Income
$550,947
Other Revenue
$98,630
All Other Contributions
$1,290,121
Change in Net Assets
$-371,293

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,711,407
Revenue Not Reported on Financial Statements
$53,833
Revenue Not Reported on Form 990
$974,636
Total Revenue per Audited Statements
$3,686,043
Total Revenue per Form 990
$2,765,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,755,809
Other Expenses$1,380,724
Total Fundraising Expense$408,905
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$905,473$115,562$326,136$1,347,171
Advertising-$251,890-$251,890
Fees for Services Management-$237,494$8,046$245,540
Travel$210,082--$210,082
Other Salaries and Wages$198,904--$198,904
Office Expenses$40,020$56,510$11,013$107,543
Payroll Taxes$66,418$8,815$28,011$103,244
Other Employee Benefits$35,208$4,342$14,726$54,276
Fees for Services Other-$53,833-$53,833
Pension Plan Contributions$33,870$4,177$14,167$52,214
All Other Expenses-$42,936$6,806$49,742
Insurance$22,065$15,092-$37,157
Interest-$31,295-$31,295
Other Expenses$24,525--$24,525
Fees for Services Accounting-$21,745-$21,745
Depreciation Depletion-$7,639-$7,639
Total Functional Expenses$1,876,298$851,330$408,905$3,136,533

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,288,982
Total Expenses per Form 990$3,136,533
Expenses per Audited Statements$3,082,700
Expenses Not Reported on Form 990$206,282
Expenses Not Reported on Financial Statements$53,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$107,871
Fundraising Direct Expenses$45,782
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$107,871$107,871$45,782$62,089
Total Events$107,871$107,871$45,782$62,089
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liability$14,634
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of form 990 was emailed to each board member for their review and comments before it was filed with the internal revenue service.

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

Monitoring and compliance is achieved by first having all contracts approved by the executive director before execution. A follow-up is done annually with a questionnaire that each board member must complete. It is designed to elicit any information on any relevant business dealings and also directly asks the board member to affirm compliance with the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The executive director's salary is approved by the finance and executive committees. The salary is based on comparables from search firm data and the organizations own research.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Albany Symphony Orchestra Inc
EIN
14-6013010
Phone
5184654755
Address
19 CLINTON AVE, ALBANY, NY 12207

Signing Officer

Name
Dush Pathmanandam
Title
Treasurer
Phone
5184654755
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dush Pathmanandam
Formed
1936
Legal Domicile
Ny
Voting Board Members
33
Independent Board Members
33
Employees
278
Volunteers
85

Preparer

Firm
WOJESKI & COMPANY CPA'S PC
Address
159 WOLF RD, ALBANY, NY 12205
Preparer
Mary Budesheim CPA
Phone
5184771102
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The symphony has adopted the provisions of fasb asc 740-10, accounting for uncertainty in income taxes. Management has evaluated the symphony's tax positions, including interest and penalties attributable thereto, and concluded that the symphony had taken no tax positions that required adjustment in its combined financial statements as of june 30, 2024. The symphony's information return filings are subject to examination by various taxing authorities up to three years from the extended due date of each return. The symphony is no longer subject to examinations by taxing authorities for the fiscal years ending prior to june 30, 2021. Currently there are no examinations in progress nor has the symphony been informed of any pending examinations.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising revenue netted against expenses

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue

Part XI, Line 2B

Donated services received from the palace performing art center, inc consisting of rental for use of the theatre and office space.

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IRS990/ActivityOrMissionDesc0THE ALBANY SYMPHONY ORCHESTRA CELEBRATES OUR LIVING MUSICAL HERITAGE. THROUGH BRILLIANT LIVE PERFORMANCES, INNOVATIVE EDUCATIONAL PROGRAMMING, AND ENGAGING CULTURAL EVENTS, THE ALBANY SYMPHONY ENRICHES A BROAD & DIVERSE REGIONAL COMMUNITY. BY CREATING, RECORDING, AND DISSEMINATING THE MUSIC OF OUR TIME, THE ALBANY SYMPHONY IS ESTABLISHING AN ENDURING ARTISTIC LEGACY THAT IS RESHAPING THE NATION'S MUSICAL FUTURE.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt374950
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IRS990/Form990PartVIISectionAGrp/PersonNm3DR BENJAMIN E CHI
IRS990/Form990PartVIISectionAGrp/PersonNm4MARCIA COCKRELL
IRS990/Form990PartVIISectionAGrp/PersonNm5ELLEN COLE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm6BECKY DANIELS
IRS990/Form990PartVIISectionAGrp/PersonNm7MARISA EISEMANN MD
IRS990/Form990PartVIISectionAGrp/PersonNm8NICOLAS J FASO
IRS990/Form990PartVIISectionAGrp/PersonNm9MAUREEN GEIS
IRS990/Form990PartVIISectionAGrp/PersonNm10ALAN GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm11JEREL GOLUB
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSEPH T GRAVINI
IRS990/Form990PartVIISectionAGrp/PersonNm13CATHERINE HACKERT
IRS990/Form990PartVIISectionAGrp/PersonNm14ANTHONY P HAZAPIS
IRS990/Form990PartVIISectionAGrp/PersonNm15JAHKEEN HOKE
IRS990/Form990PartVIISectionAGrp/PersonNm16EDWARD M JENNINGS
IRS990/Form990PartVIISectionAGrp/PersonNm17JANE KADISH
IRS990/Form990PartVIISectionAGrp/PersonNm18JUDITH KAHN
IRS990/Form990PartVIISectionAGrp/PersonNm19DANIEL KREDENTSER MD
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK P LASCH
IRS990/Form990PartVIISectionAGrp/PersonNm21STEVE LOBEL
IRS990/Form990PartVIISectionAGrp/PersonNm22MONICA MACKEY
IRS990/Form990PartVIISectionAGrp/PersonNm23CORY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm24HON DANIEL P MCCOY
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IRS990/Form990PartVIISectionAGrp/PersonNm26DUSH PATHMANANDAM
IRS990/Form990PartVIISectionAGrp/PersonNm27HENRY POHL MD
IRS990/Form990PartVIISectionAGrp/PersonNm28JOHN REGAN
IRS990/Form990PartVIISectionAGrp/PersonNm29BARRY RICHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm30DAVID RUBIN
IRS990/Form990PartVIISectionAGrp/PersonNm31HON KATHY M SHEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm32LOUIS SOLANO
IRS990/Form990PartVIISectionAGrp/PersonNm33RABBI SCOTT SHPEEN
IRS990/Form990PartVIISectionAGrp/PersonNm34CHRISTOPHER R STAGER
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IRS990/Form990PartVIISectionAGrp/PersonNm36DESHANNA C WIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm37DAVID ALAN MILLER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35CHAIR
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