2024-11-14T08:52:52-06:00 2024-06-30 WITHUM SMITH BROWN PC 506 CARNEGIE CENTER STE 400 PRINCETON NJ 085406243 990 2023-07-01 222327766 Princeton Symphony Orchestra Inc % MARC UYS PRIN 6094970020 PO Box 250 Princeton NJ 08542 Marc Uys EXECUTIVE DIRECTOR 6094970020 2024-11-15 true true Brad Caruso P01249134 6095201188 2023 2024-10-15 13:58:12Z Marc Uys PO Box 250 Princeton NJ 08542 3034532 false X www.princetonsymphony.org X 1980 NJ CREATE OPPORTUNITIES FOR PEOPLE IN THE GREATER PRINCETON AREA TO EXPERIENCE EXCELLENT, INNOVATIVE LIVE MUSIC IN MANY FORMS AND VENUES, ENCOURAGING THEM TO ENGAGE IN THE ART FORM. 22 22 312 80 0 11750 2140280 1869065 906847 659827 113430 334475 -16484 78427 3144073 2941794 0 0 0 0 1860773 2003385 0 0 267300 1988161 1757061 3848934 3760446 -704861 -818652 10110371 10508299 405578 1154285 9704793 9354014 X THE MISSION OF THE PRINCETON SYMPHONY ORCHESTRA IS TO LEVERAGE THE POWER OF LIVE MUSIC TO UPLIFT THE HUMAN EXPERIENCE. false false 1322450 PERFORMING CLASSICAL MASTERWORKS - A FULL SEASON OF 7 PAIRS OF CONCERTS WAS PRESENTED AT RICHARDSON AUDITORIUM. A TOTAL AUDIENCE OF 9,926 WAS REACHED. 11 CHAMBER MUSIC CONCERTS WERE PRESENTED TO A TOTAL OF 1,055 PEOPLE. (SEE SCHEDULE O) 1418565 THE PRINCETON FESTIVAL WAS ONCE AGAIN PRESENTED UNDER A LARGE (11,000SQF) CLEARSPAN TENT ON THE GROUNDS OF MORVEN MUSEUM & GARDEN. IN TOTAL, 11 PERFORMANCES IN THE TENT AND 2 PERFORMANCES IN TRINITY CHURCH ACROSS THE ROAD AS WELL AS ACCOMPANYING EDUCATIONAL LECTURES AND ANCILLARY EVENTS. PERFORMANCES INCLUDED A FULLY STAGED PRODUCTION OF MOZART'S COS FAN TUTTE, ORCHESTRAL POPS, BAROQUE, CHAMBER, DANCE, AND BROADWAY. A TOTAL LIVE AUDIENCE OF 6,500 WAS SERVED. (SEE SCHEDULE O) 336592 EDUCATION - ACTIVITIES INCLUDED 60 CLASSROOM VISITS, A "LISTEN-UP" WORKSHOP, AND 2 "SCHOOLDAY" CONCERTS. PSO'S PARTNERSHIP WITH YOCJ CONTINUED, WITH IN-PERSON REHEARSALS WITH PSO'S ASSISTANT CONDUCTOR. PSO MUSICIANS RAN SECTIONALS AND MASTERCLASSES. ACTIVITIES WITH THE PRINCETON FESTIVAL INCLUDED AN INSTRUMENT PETTING ZOO AND A FAMILY POPS CONCERT TOTAL LIVE AUDIENCE: 8,231. (SEE SCHEDULE O) 3077607 true true false false false false false false false true true true false true true true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 145 0 true 312 true true true false false false false true true false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true true false NJ X X MARC UYS 6094970020 575 EWING ST PRINCETON NJ 08540 Marc Uys Executive Director 40.0 0.0 X 177979 0 11762 Rossen Milanov Music Director 15.0 0.0 X 137500 0 0 Stephanie Wedeking Chair 10.0 0.0 X X 0 0 0 Anne VanLent Vice Chair 4.0 0.0 X X 0 0 0 Michael Mathews Treasurer 4.0 0.0 X X 0 0 0 Nora Duffy Decker SECRETARY 4.0 0.0 X X 0 0 0 Carol Anderson TRUSTEE 1.0 0.0 X 0 0 0 Marcia Atcheson TRUSTEE 1.0 0.0 X 0 0 0 Derek Bermel TRUSTEE 1.0 0.0 X 0 0 0 Marcia Bossart TRUSTEE 1.0 0.0 X 0 0 0 Lisa Browne TRUSTEE 1.0 0.0 X 0 0 0 Julian Grant TRUSTEE 1.0 0.0 X 0 0 0 George Harvey TRUSTEE 1.0 0.0 X 0 0 0 Deborah Herrington TRUSTEE 1.0 0.0 X 0 0 0 B Sue Howard TRUSTEE 1.0 0.0 X 0 0 0 James Linnehan TRUSTEE 1.0 0.0 X 0 0 0 Mark Nurse TRUSTEE 1.0 0.0 X 0 0 0 Costa Papastephanou TRUSTEE 1.0 0.0 X 0 0 0 Elizabeth Pepek TRUSTEE 1.0 0.0 X 0 0 0 Pete Taft TRUSTEE 1.0 0.0 X 0 0 0 Benedikt von Schroder TRUSTEE 1.0 0.0 X 0 0 0 Beth Walsh TRUSTEE 1.0 0.0 X 0 0 0 Louise Wellemeyer TRUSTEE 1.0 0.0 X 0 0 0 Philip Wey TRUSTEE 1.0 0.0 X 0 0 0 315479 0 11762 2 false true false STARLITE 9 WHITTENDALE DRIVE MOORESTOWN NJ 08057 EVENT TECHNOLOGY 289080 1 407486 130480 1331099 95634 1869065 TICKET SALES 711130 604727 604727 CONTRACTED PERFORMANCES 711130 52250 52250 PROGRAM BOOK 541800 2850 2850 659827 133732 133732 0 0 0 0 0 200743 200743 200743 200743 152936 407486 92738 60198 60198 0 0 0 18229 0 18229 18229 0 2941794 678056 394673 X 0 0 0 0 245063 159290 49013 36760 0 1516434 1312713 97608 106113 0 85930 62058 11580 12292 155958 132471 11697 11790 0 13566 13566 33710 33710 0 0 48643 48643 472723 460014 12709 147309 147309 73359 11233 56562 5564 51792 21885 20139 9768 0 304064 276451 14505 13108 145049 96440 8093 40516 0 0 0 0 30930 30930 47515 33893 6784 6838 PRODUCTION COSTS 388401 363850 24551 3760446 3077607 415539 267300 X 46344 230001 404994 710418 1099189 676061 8125 3725 0 0 0 0 0 0 0 0 13628 28976 148417 62424 64034 85993 0 0 8457536 8203406 0 0 16521 3844 0 565875 10110371 10508299 215051 308485 0 0 190527 284298 0 0 0 0 0 0 0 0 0 0 0 561502 405578 1154285 X 1760576 1443319 7944217 7910695 9704793 9354014 10110371 10508299 -818652 467873 X false true X true false X 2060950 2572714 1704980 2140280 1869065 10347989 0 0 2060950 2572714 1704980 2140280 1869065 10347989 1482968 8865021 69485 59154 117711 113430 133732 493512 4298 4298 0 100 0 0 0 100 10845899 2782281 0.81736 0.83226 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8834819 44500 722569 745000 8856888 8182932 622998 560228 482500 48839 8834819 8885762 844178 -1051322 451000 44686 8182932 6132920 1270585 1791425 275000 34168 8885762 5232261 772058 382259 225000 28658 6132920 0.11430 0.30290 0.58280 true false 26934 16760 10174 121483 45664 75819 85993 POOLED INVESTMENTS 8203406 F 8203406 RIGHT OF USE ASSET 560802 SECURITY DEPOSIT 5073 565875 0 LEASE LIABILITY 561502 561502 X 3453762 467873 92738 560611 2893151 48643 48643 2941794 3804541 92738 92738 3711803 48643 48643 3760446 PART V, LINE 4 INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS: THE SYMPHONY USES FUNDS DESIGNATED AS ENDOWMENT FUNDS TO TAKE AN ANNUAL DRAW BASED ON A SPENDING FORUMULA, WHICH IS USED TOWARDS OPERATIONS OF THE SYMPHONY. THE ENDOWMENT CAN ALSO BE USED, WITH BOARD APPROVAL, FOR SPECIAL PROJECTS OR TO SUPPLEMENT THE SYMPHONY'S OPERATING BUDGET IN TIMES OF FINANCIAL NEED. PART V, LINE 3A(i) ENDOWMENT MANAGEMENT ENDOWMENT FUNDS ARE INVESTED IN POOLED INVESTMENT ACCOUNTS WHICH ARE HELD AND MANAGED BY THE PRINCETON AREA COMMUNITY FOUNDATION. PART X, LINE 2 The Organization was incorporated in the State of New Jersey as a nonprofit organization on July 11, 1980. The Organization has received a determination from the Internal Revenue Service granting exemption from federal income tax under Section 501(c)(3) of the Internal Revenue Code and is exempt from state income taxes in accordance with state law. The Organization is subject to income tax on unrelated business income which is generated from ad revenue. The Organization had no unrecognized tax benefits at June 30, 2024 and 2023 and has incurred no interest or penalties related to income taxes for the periods presented in the financial statements. Parts XI and XII, Line 2d Special event expenses of $92,738. Annual Gala 509475 374489 134986 47513 28151 9039 Fall Fundraiser 50947 32997 17950 861 5741 1433 0 560422 407486 152936 48374 33892 10472 92738 60198 X X X X X false false false false false false false true false Marc Uys Executive Director 161279 0 16700 0 0 0 0 0 11762 0 189741 0 0 0 PART II, LINE 1B(II) INCLUDED IN PART 2, LINE 1B, THE EXECUTIVE DIRECTOR RECEIVED ADDITIONAL BONUS COMPENSATION APPROVED IN HIS CONTRACT AND BY THE EXECUTIVE COMMITTEE FOR MEETING SPECIFIED GOALS. X 6 95634 FMV false true false Schedule M, Part I, Column B The number reported in Part I, column b, line 9 represents the number of contributors. CORE FORM 990 RESPONSES PART III, LINE 4A - PERFORMING CLASSICAL MASTERWORKS PROGRAM: WHETHER PERFORMING CLASSICAL MASTERWORKS, INTRODUCING MUSIC BY LIVING COMPOSERS, OR HOSTING FAMILIES AND STUDENTS AT THEIR FIRST SYMPHONY PERFORMANCE, THE PRINCETON SYMPHONY ORCHESTRA, INC. (PSO) IS A CULTURAL CENTERPIECE OF THE PRINCETON COMMUNITY AND ONE OF NEW JERSEY'S FINEST MUSIC ORGANIZATIONS. LED BY MUSIC DIRECTOR ROSSEN MILANOV, THE PSO OFFERS CRITICALLY ACCLAIMED ORCHESTRAL, POPS, AND CHAMBER MUSIC PROGRAMS AS WELL AS LECTURES AND EVENTS DESIGNED TO CONNECT THE PUBLIC TO MUSIC. THROUGH PSO BRAVO!, THE ORCHESTRA PRODUCES WIDE-REACHING AND INNOVATIVE EDUCATION PROGRAMS, CARRIED OUT IN PARTNERSHIPS WITH LOCAL SCHOOLS AND COMMUNITY ORGANIZATIONS. A FIVE-TIME GRANTEE OF THE NATIONAL ENDOWMENT FOR THE ARTS, THE PSO IS ALSO A MULTIPLE-YEAR RECIPIENT OF THE NEW JERSEY STATE COUNCIL ON THE ARTS' HIGHEST HONORS - A CITATION OF EXCELLENCE AND DESIGNATION AS A MAJOR ARTS INSTITUTION. THE PSO HAS ALSO EARNED AWARDS FROM ASCAP FOR ADVENTUROUS PROGRAMMING AND FROM THE AARON COPLAND FUND. THE ONLY PROFESSIONAL ORCHESTRA TO MAKE ITS HOME IN PRINCETON, THE PSO PERFORMS AT HISTORIC RICHARDSON AUDITORIUM ON THE CAMPUS OF PRINCETON UNIVERSITY AS WELL AS AT OTHER VENUES THROUGHOUT CENTRAL NEW JERSEY. PART III, LINE 4B - THE PRINCETON FESTIVAL: FOUNDED IN 2004, THE PRINCETON FESTIVAL QUICKLY ESTABLISHED A REPUTATION FOR ARTISTIC EXCELLENCE AND INNOVATIVE PROGRAMMING IN THE PERFORMING ARTS. EVERY YEAR IN JUNE, THOUSANDS OF PEOPLE FROM THE MID-ATLANTIC REGION AND BEYOND COME TO THE FESTIVAL TO ENJOY THE QUALITY AND VARIETY OF ITS PROGRAMS. OFFERINGS INCLUDE OPERA AND MUSICAL THEATER AND A CONSTANTLY EVOLVING SELECTION OF OTHER GENRES, INCLUDING DANCE, WORLD MUSIC, ORCHESTRAL POPS, CHORAL CONCERTS, COUNTRY MUSIC, AND CHAMBER RECITALS. THE FESTIVAL HAS LONG-STANDING PARTNERSHIPS WITH PUBLIC LIBRARIES AND LOCAL CHURCHES, AND PROMOTES LIFE-LONG LEARNING IN THE ARTS THROUGH FREE EDUCATIONAL LECTURES PRESENTED TO A WIDE AND DIVERSE COMMUNITY. FOLLOWING ITS MERGER WITH THE PSO IN 2021, THE PRINCETON FESTIVAL HAS BEEN PRESENTED UNDER AN ENORMOUS PERFORMANCE TENT ON THE BEAUTIFUL GROUNDS OF MORVEN MUSEUM & GARDEN, FURTHERING THE LONG-HELD VISION TO DEVELOP THE FESTIVAL AS A DESTINATION EVENT, AND TO ENGAGE MORE FULLY WITH PRINCETON'S DOWNTOWN AREA. PART III, LINE 4C - PRINCETON SYMPHONY ORCHESTRA (PSO) HAS A DYNAMIC IMPACT ON THE LIVES AND EDUCATION OF CHILDREN, INCLUDING UNDERSERVED AND DISADVANTAGED YOUTH. THE ACCLAIMED EDUCATION PROGRAM BRAVO! IS A MAINSTAY OF PSO ACTIVITIES, REACHING 10,000 STUDENTS ANNUALLY. NOW IN ITS 29TH YEAR, BRAVO!'S TOURING SMALL-ENSEMBLE PROGRAM ESTABLISHES PSO MUSICIANS IN TEACHING PARTNERSHIPS AT MORE THAN 30 PUBLIC, PRIVATE, AND SPECIAL-NEEDS ELEMENTARY SCHOOLS THROUGHOUT CENTRAL NEW JERSEY. FULL-ORCHESTRA PERFORMANCES FOR ELEMENTARY SCHOOL STUDENTS ARE HELD EACH SPRING. AT THE MIDDLE SCHOOL LEVEL, BRAVO! OFFERS LISTEN UP!, A PROGRAM WHICH BRINGS STUDENTS TO CLASSICAL SERIES CONCERTS AND INVITES THEM TO CREATE VISUAL ART IN RESPONSE TO THE MUSIC THEY HEAR. HIGH SCHOOL AND COLLEGE INSTRUMENTALISTS GAIN INVALUABLE EDUCATIONAL EXPERIENCES THROUGH BRAVO! MASTERCLASSES, TAUGHT BY WORLD-RENOWNED ARTISTS. SINCE FY21, THE PSO HAS A PARTNERSHIP WITH THE YOUTH ORCHESTRA OF CENTRAL JERSEY (YOCJ) IN WHICH THE PSO'S ASSISTANT CONDUCTOR LEADS YOCJ'S TOP ENSEMBLE, AND PSO MUSICIANS WORK CLOSELY WITH STUDENTS AS PROFESSIONAL MENTORS. FROM KINDERGARTEN THROUGH COLLEGE, BRAVO! INSPIRES THE NEXT GENERATION OFMUSICIANS AND AUDIENCES. PSO SOUNDTRACKS IS A LECTURE SERIES WHICH OFFERS INSIGHTS ABOUT WHAT GOES INTO ORCHESTRATING A CONCERT BY A PROFESSIONAL SYMPHONY. THE SERIES DELVES INTO DIVERSE TOPICS RELATED TO THE MUSIC THAT THE PSO PERFORMS AND WHAT HAPPENS BEHIND THE SCENES: EVERYTHING FROM WHO CHOOSES THE MUSIC, TO HOW INDIVIDUAL MUSICIANS AND SECTIONS SHAPE THE SOUND OF THE ORCHESTRA, TO THE STORIES BEHIND THE BEAUTIFUL AND OFTEN RARE INSTRUMENTS OWNED AND MAINTAINED BY MEMBERS OF THE PSO. LECTURES ARE HELD AT THE PRINCETON PUBLIC LIBRARY, AND ARE FREE AND OPEN TO THE PUBLIC. Part V, Line 4 - INTENDED USES OF ORGANIZATION'S ENDOWMENT FUNDS: THE SYMPHONY USES FUNDS DESIGNATED AS ENDOWMENT FUNDS TO TAKE AN ANNUAL DRAW BASED ON A SPENDING FORMULA, WHICH IS USED TOWARDS OPERATIONS OF THE SYMPHONY. THE ENDOWMENT CAN ALSO BE USED, WITH BOARD APPROVAL, FOR SPECIAL PROJECTS OR TO SUPPLEMENT THE SYMPHONY'S OPERATING BUDGET IN TIMES OF FINANCIAL NEED. Part V, Line 3A(I) - ENDOWMENT MANAGEMENT: ENDOWMENT FUNDS ARE INVESTED IN POOLED INVESTMENT ACCOUNTS WHICH ARE HELD AND MANAGED BY THE PRINCETON AREA COMMUNITY FOUNDATION. PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990: THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE REVIEW THE FINAL DRAFT OF THE FORM 990 PRIOR TO ITS FILING. ALL BOARD MEMBERS RECEIVE A COPY OF FORM 990 PRIOR TO ITS FILING. PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY: THE SYMPHONY HAS A CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY THE BOARD OF TRUSTEES. THIS POLICY IS SIGNED BY ALL BOARD MEMBERS AND FULL-TIME EMPLOYEES ANNUALLY PART VI, SECTION B, LINE 15 - DETERMINATION OF COMPENSATION: MEMBERS OF THE EXECUTIVE COMMITTEE MEET TO DISCUSS COMPENSATION ON AN ANNUAL BASIS AND USE DATA COMPILED, WHERE APPLICABLE, ON SIMILAR- SIZED SYMPHONIES IN THEIR DECISION MAKING PROCESS. THE EXECUTIVE DIRECTOR IS PROVIDED A WRITTEN EMPLOYMENT AGREEMENT WHICH IS AGREED TO BY BOTH PARTIES. PART VI, SECTION C, LINE 19 - AVAILABILITY OF DOCUMENTS: THE ORGANIZATION COMPLIES WITH ALL LEGAL REQUIREMENTS REGARDING THE AVAILABILITY OF THEIR DOCUMENTS. FORM 990 PART IX LINE 11G DESCRIPTION:GUEST ARTISTS TOTAL FEES:460014 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL PROCESSING TOTAL FEES:12709