Civic Intelligence

Buffalo Philharmonic Orchestra

EIN 16-0755739 • 501(c)3 • Buffalo, NY

Profile

The buffalo philharmonic orchestra produces symphonic music for the cultural benefit of the buffalo, new york area including artistic education programs for area youth.

786 Delaware AvenueBuffalo, NY 14209

www.bpo.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.20x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

45th percentile

0.19x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

25th percentile

-4.2%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$269,506

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

12th percentile

-8.0%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

9.1%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$12,846,718

Up $69,507 (+0.5%) from 2023

Liabilities

Up

$3,057,136

Up $465,781 (+18%) from 2023

Net Assets

Down

$9,789,582

Down $396,274 (-3.9%) from 2023

Revenue

Down

$13,795,014

Down $155,760 (-1.1%) from 2023

Expenses

Down

$14,312,724

Down $223,797 (-1.5%) from 2023

Net Income

Up

-$517,710

Up $68,037 (+12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $4,837,846Liabilities 2010: $3,958,323Net Assets 2010: $879,5232010Assets 2011: $5,154,077Liabilities 2011: $3,997,568Net Assets 2011: $1,156,5092011Assets 2012: $5,066,596Liabilities 2012: $3,802,010Net Assets 2012: $1,264,5862012Assets 2013: $5,826,557Liabilities 2013: $3,851,186Net Assets 2013: $1,975,3712013Assets 2014: $6,763,963Liabilities 2014: $4,033,754Net Assets 2014: $2,730,2092014Assets 2015: $7,442,953Liabilities 2015: $3,835,036Net Assets 2015: $3,607,9172015Assets 2016: $8,019,883Liabilities 2016: $3,985,303Net Assets 2016: $4,034,5802016Assets 2017: $7,909,114Liabilities 2017: $3,855,986Net Assets 2017: $4,053,1282017Assets 2018: $7,603,714Liabilities 2018: $3,676,643Net Assets 2018: $3,927,0712018Assets 2019: $9,686,322Liabilities 2019: $3,728,610Net Assets 2019: $5,957,7122019Assets 2020: $10,338,368Liabilities 2020: $2,361,091Net Assets 2020: $7,977,2772020Assets 2021: $15,185,404Liabilities 2021: $4,117,519Net Assets 2021: $11,067,8852021Assets 2022: $13,884,495Liabilities 2022: $3,202,209Net Assets 2022: $10,682,2862022Assets 2023: $12,777,211Liabilities 2023: $2,591,355Net Assets 2023: $10,185,8562023Assets 2024: $12,846,718Liabilities 2024: $3,057,136Net Assets 2024: $9,789,5822024

Highlighted filing

2024

Assets$12,846,718
Liabilities$3,057,136
Net Assets$9,789,582

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,828,3312010Expenses 2011: $9,944,3612011Expenses 2012: $10,262,2332012Expenses 2013: $11,045,5822013Revenue 2014: $12,002,590Expenses 2014: $11,699,965Net Income 2014: $302,6252014Revenue 2015: $12,555,987Expenses 2015: $11,477,484Net Income 2015: $1,078,5032015Revenue 2016: $12,033,325Expenses 2016: $11,615,607Net Income 2016: $417,7182016Revenue 2017: $11,855,704Expenses 2017: $11,854,256Net Income 2017: $1,4482017Revenue 2018: $12,346,590Expenses 2018: $12,497,869Net Income 2018: -$151,2792018Revenue 2019: $14,523,360Expenses 2019: $12,507,861Net Income 2019: $2,015,4992019Revenue 2020: $13,436,191Expenses 2020: $11,490,043Net Income 2020: $1,946,1482020Revenue 2021: $13,394,584Expenses 2021: $10,343,361Net Income 2021: $3,051,2232021Revenue 2022: $12,785,292Expenses 2022: $13,097,726Net Income 2022: -$312,4342022Revenue 2023: $13,950,774Expenses 2023: $14,536,521Net Income 2023: -$585,7472023Revenue 2024: $13,795,014Expenses 2024: $14,312,724Net Income 2024: -$517,7102024

Highlighted filing

2024

Revenue$13,795,014
Expenses$14,312,724
Net Income-$517,710

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$3.06$9.79$13.8$14.3$0.52
2023Detailed filing. Detailed filing data is available for this year.$12.8$2.59$10.2$14.0$14.5$0.59
2022Detailed filing. Detailed filing data is available for this year.$13.9$3.20$10.7$12.8$13.1$0.31
2021Detailed filing. Detailed filing data is available for this year.$15.2$4.12$11.1$13.4$10.3$3.05
2020Detailed filing. Detailed filing data is available for this year.$10.3$2.36$7.98$13.4$11.5$1.95
2019Detailed filing. Detailed filing data is available for this year.$9.69$3.73$5.96$14.5$12.5$2.02
2018Detailed filing. Detailed filing data is available for this year.$7.60$3.68$3.93$12.3$12.5$0.15
2017Detailed filing. Detailed filing data is available for this year.$7.91$3.86$4.05$11.9$11.9$0.00
2016Detailed filing. Detailed filing data is available for this year.$8.02$3.99$4.03$12.0$11.6$0.42
2015Detailed filing. Detailed filing data is available for this year.$7.44$3.84$3.61$12.6$11.5$1.08
2014Detailed filing. Detailed filing data is available for this year.$6.76$4.03$2.73$12.0$11.7$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$3.85$1.98$11.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$3.80$1.26$10.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$4.00$1.16$9.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.84$3.96$0.88$9.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Mar 17, 2025
Return Version
2023v6.0
Gross Receipts
$13,795,014
Mission and Program Overview

Mission

The buffalo philharmonic orchestra produces symphonic music for the cultural benefit of the buffalo, new york area including artistic education programs for area youth.

The buffalo philharmonic orchestra society, inc. Produces symphonic music for the cultural benefit of the buffalo, new york area, including artistic education programs for area youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,574,714$2,486,963▼ $87,751
Savings and Temporary Cash Investments$1,463,093$1,531,082▲ $67,989
Cash and Non-Interest-Bearing Accounts$1,460,361$1,066,697▼ $393,664
Investments in Publicly Traded Securities$725,126$846,562▲ $121,436
Prepaid Expenses and Deferred Charges$350,631$277,148▼ $73,483
Accounts Receivable$126,960$106,186▼ $20,774
Pledges and Grants Receivable$182,692$103,711▼ $78,981
Total Assets$12,777,211$12,846,718▲ $69,507
Other Assets Total$5,893,634$6,428,369▲ $534,735
Liabilities
Deferred Revenue$2,008,349$2,246,452▲ $238,103
Accounts Payable and Accrued Expenses$314,079$521,779▲ $207,700
Other Liabilities$268,927$288,905▲ $19,978
Total Liabilities$2,591,355$3,057,136▲ $465,781
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,728,955$7,407,190▲ $678,235
Net Assets Without Donor Restrictions$3,456,901$2,382,392▼ $1,074,509
Total Net Assets Fund Balance$10,185,856$9,789,582▼ $396,274
Total Liabilities and Net Assets / Fund Balance$12,777,211$12,846,718▲ $69,507

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,783,907$383,593$2,167,500
Equipment$437,507$1,086,317$1,523,824
Land$255,000-$255,000
Leasehold Improvements$10,549$35,018$45,567
Other Assets Org$6,428,369--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel HartPresident/executive DirectFT$318,104$341,854$341,854
Arthur ChooiConcert MasterFT$144,218$164,562$164,562
Jennifer BarbeeDirector of DevelopmentFT$140,537$5,601$146,138
Kevin James CPAV.p. of Finance & AdministrationFT$112,250$21,215$133,465
Travis EstesVice President, Marketing & CommunicationsFT$104,149$10,631$114,780
Revenue and Support

Revenue Composition

Contributions and Grants
$8,506,576
Program Service Revenue
$4,563,210
Investment Income
$38,451
Other Revenue
$686,777
All Other Contributions
$5,727,265
Change in Net Assets
$-517,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,521,588
Revenue Not Reported on Financial Statements
$273,426
Revenue Not Reported on Form 990
$4,425,106
Total Revenue per Audited Statements
$17,946,694
Total Revenue per Form 990
$13,795,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,485,906
Other Expenses$3,826,818
Total Fundraising Expense$825,265
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,392,743$672,725$551,672$7,617,140
Other Employee Benefits$1,168,777$75,027$25,888$1,269,692
Payroll Taxes$629,043$57,839$38,209$725,091
Advertising$517,634-$26,379$544,013
All Other Expenses$214,637$133,239$118,654$466,530
Pension Plan Contributions$408,369$26,215$9,045$443,629
Current Officers, Directors, Trustees, and Key Employees$361,178$38,008$31,168$430,354
Fees for Service Investment Mgmnt Fees-$273,426-$273,426
Other Expenses$161,945$154,924$17,226$154,924
Office Expenses$35,962$110,688$4,153$150,803
Depreciation Depletion$9,797$126,464$2,743$139,004
Insurance-$97,011-$97,011
Fees for Services Other$68,179$21,000-$89,179
Travel$6,845$1,096$128$8,069
Interest-$2,911-$2,911
Total Functional Expenses$11,684,881$1,802,578$825,265$14,312,724

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,312,724
Expenses per Audited Statements$14,039,298
Total Expenses per Audited Statements$14,039,298
Expenses Not Reported on Financial Statements$273,426
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
Due to Related - Kleinhans$262,487
Due to Related Bpo Foundation$26,418
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

Through email to the executive committee and finance committee.

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

Directors are asked to excuse themselves from any discussion for which they have a conflict.

Form 990, Part VI, Section B, Line 15

Review of industry data and other sources is made by the personnel committee.

Form 990, Part VI, Section C, Line 19

ALL AVAILABLE ON REQUEST

Filing and Contact Details

Filer

Filer Name
Buffalo Philharmonic Orchestra
EIN
16-0755739
Phone
7168850331
Address
786 DELAWARE AVENUE, BUFFALO, NY 14209

Signing Officer

Name
Daniel Hart
Title
Executive Director
Phone
7168850331
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Hart
Formed
1936
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
30
Employees
442
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed in the current year.

FORM 990, PART XI, LINE 10:

Reconciliation of change in net assets of form 990 to financial statements: the change in the net assets per the financial statements of bpo is different from the amount shown on the 990 due to financial accounting standards board (fasb) accounting standards codification (asc) 958 which requires inclusion of the bpo foundation's net assets on the financial statements of the bpo.

Financial Statement Notes

PART IV, LINE 2B:

Funds held on behalf of kleinhans music hall.

PART X, LINE 2:

The bpo is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code), therefore, no provision for income taxes is reflected in the consolidated financial statements. The bpo has been classified as a publicly supported organization that is not a private foundation under 509(a) of the code. The bpo presently discloses or recognizes income tax positions based on managements estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the bpo has taken no uncertain tax positions that require adjustment in its consolidated financial statements. U.s. Forms 990 filed by the bpo is subject to examination by taxing authorities. 786 delaware llc is a single-member llc and a qualified non-profit organization exempt from income taxes under section 501(a) of the internal revenue code. Accordingly, no provision has been reflected in the accompanying consolidated financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in net assets held by foundation 4,303,670.

Raw XML AppendixShowing 400 of 807 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/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT/EXECUTIVE DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt31V.P. OF FINANCE & ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR OF DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33CONCERT MASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt34VICE PRESIDENT, MARKETING & COMMUNICATIONS
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