2025-06-10T15:48:18-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-09-01 221559422 NEW JERSEY SYMPHONY ORCHESTRA NEWJ 9736243713 60 PARK PLACE SUITE 900 NEWARK NJ 07102 JAMES C HOUGHTON CFO 9736243713 2025-06-10 1 1 TARA DEL GAVIO P02438051 9739949494 2025-06-10 2023 2025-03-06 01:10:19Z JAMES C HOUGHTON 60 PARK PLACE SUITE 900 NEWARK NJ 07102 17618565 0 1 X WWW.NJSYMPHONY.ORG X 1929 NJ TO CONNECT WITH THE PEOPLE AND DIVERSE COMMUNITIES OF NEW JERSEY THROUGH THE POWER OF LIVE MUSIC. 47 43 437 50 0 0 10740072 12314486 3824919 4149670 31575 43821 -572901 -228444 14023665 16279533 0 0 0 0 10808234 10971729 97020 0 1579985 5810935 5779747 16716189 16751476 -2692524 -471943 9843861 9327224 2881479 2506568 6962382 6820656 TO CONNECT WITH THE PEOPLE AND DIVERSE COMMUNITIES OF NEW JERSEY THROUGH THE POWER OF LIVE SYMPHONIC MUSIC TO INSPIRE, ENTERTAIN, AND EDUCATE. 0 0 13144700 4149670 THE NEW JERSEY SYMPHONY IS THE LARGEST PERFORMING ARTS ORGANIZATION IN THE STATE AND IS DEDICATED TO PROVIDING WORLD-CLASS ORCHESTRAL PERFORMANCES THROUGHOUT NEW JERSEY, AND NOW ALSO WELL BEYOND ITS BORDERS, THROUGH AN EXCITING AND EXPANDING CATALOG OF DIGITAL AND MULTIMEDIA CONTENT. THE SYMPHONY IS DEEPLY CONNECTED TO ITS SURROUNDING COMMUNITIES THROUGH NUMEROUS AND DIVERSE EDUCATIONAL AND COMMUNITY ENGAGEMENT ACTIVITIES. THESE ACTIVITIES SPAN NEARLY ALL COUNTIES OF NEW JERSEY. IN A TYPICAL SEASON, THE SYMPHONY ENGAGES MORE THAN 150,000 PEOPLE IN PERSON, INCLUDING 40,000 CHILDREN, AND IN ADDITION THE SYMPHONY HAS MADE OVER 11 MILLION ONLINE IMPRESSIONS IN THE PAST YEAR ALONE, GREATLY EXPANDING OUR REACH. 13144700 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 126 0 1 437 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 47 43 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NJ X X X JAMES HOUGHTON 9089387191 60 PARK PLACE NEWARK NJ 07102 X MARTIN ANDERSEN TRUSTEE/MUSICIAN 17.50 X 46768 0 27038 NORMAN SLONAKER CO-CHAIR & TRUSTEE (THRU 11/15/22) 0.50 X X 0 0 0 CHRISTOPHER PETERMANN TRUSTEE/VICE CHAIR - TREASURER 0.50 X X 0 0 0 ANN D BOROWIEC VICE CHAIR & TRUSTEE 0.50 X X 0 0 0 JOANNA FARRER MUSICIAN/TRUSTEE 17.50 X 39043 0 26112 ADRIANA ROSIN MUSICIAN/TRUSTEE 17.50 X 46056 0 26953 DAVID SOUTHORN MUSICIAN/TRUSTEE 17.50 X 20488 0 33558 MING YANG MUSICIAN/TRUSTEE 17.50 X 58883 0 23467 JOSEPH ACCARDO TRUSTEE 0.50 X 0 0 0 AUDREY BARTNER TRUSTEE 0.50 X 0 0 0 ROBERT BEYLICKJIAN TRUSTEE 0.50 X 0 0 0 LINDA M BOWDEN TRUSTEE 0.50 X 0 0 0 HEATHER BOSHAK TRUSTEE 0.50 X 0 0 0 RICK BYRD TRUSTEE 0.50 X 0 0 0 THOMAS COMISKEY TRUSTEE 0.50 X 0 0 0 MINDY COHEN TRUSTEE 0.50 X 0 0 0 EVAN DELGADO TRUSTEE 0.50 X 0 0 0 DEBORAH FRAZIER TRUSTEE 0.50 X 0 0 0 CURTLAND E FIELDS TRUSTEE 0.50 X 0 0 0 ROBERT C GARRETT CO- CHAIR AND TRUSTEE 0.50 X 0 0 0 DAVID R HUBER TRUSTEE 0.50 X 0 0 0 RUTH C LIPPER TRUSTEE 0.50 X 0 0 0 YIN LONG TRUSTEE 0.50 X 0 0 0 DR JAMES LIST TRUSTEE 0.50 X 0 0 0 MARTIN MELILLI TRUSTEE 0.50 X 0 0 0 ELIN MUELLER TRUSTEE 0.50 X 0 0 0 MICHELLE MERCHANT TRUSTEE 0.50 X 0 0 0 DIMITRI NAKHAMKIN TRUSTEE 0.50 X 0 0 0 MARJORIE PERRY TRUSTEE 0.50 X 0 0 0 MICHAEL RICHARDS TRUSTEE 0.50 X 0 0 0 LAWRENCE RUTKOWSKI TRUSTEE 0.50 X 0 0 0 WARREN K RACUSIN TRUSTEE 0.50 X 0 0 0 MARCIA SASS TRUSTEE 0.50 X 0 0 0 SUSAN SHIFF TRUSTEE 0.50 X 0 0 0 STEPHEN SICHAK JR TRUSTEE 0.50 X 0 0 0 CRAIG SILLIMAN CO-CHAIR AND TRUSTEE 0.50 X X 0 0 0 DONALD E STRANGFELD TRUSTEE 0.50 X 0 0 0 CECILIA SWEENEY TRUSTEE 0.50 X 0 0 0 JESSICA TRENTI TRUSTEE 0.50 X 0 0 0 LISA MARTINEZ WOLMART TRUSTEE 0.50 X 0 0 0 MARGARITA WALLACH SECRETARY AND TRUSTEE 0.50 X 0 0 0 LISA WEBBER TRUSTEE 0.50 X 0 0 0 DIANE YOUNG TRUSTEE 0.50 X 0 0 0 EDWARD D ZINBARG TRUSTEE 0.50 X 0 0 0 GABRIEL VAN AALST PRESIDENT & CEO 35.00 X X 319843 0 22391 ROBERT GORDON TRUSTEE 0.50 X 0 0 0 JONATHAN KUSHNER TRUSTEE 0.50 X 0 0 0 MARSHELL J KUMAHOR VP EDUCATION & COMM ENGAGEMENT 35.00 X 121915 0 36181 JAMES HOUGHTON CFO 35.00 X 156491 0 16431 KRISTIN ORLANDO VP OF OPERATIONS 35.00 X 117817 0 14985 SIDNEY JACKSON VP OF DEVELOPMENT 35.00 X 140079 0 10191 ERIN LUNSFORD NORTON VP OF ARTISTIC PLANNING 35.00 X 105218 0 10191 XIAN ZHANG MUSIC DIRECTOR 35.00 X 237817 0 20911 ERIC WYRICK CONCERT MASTER 35.00 X 169813 0 49057 GEOFF ANDERSON VP OF MARKETING 35.00 X 116684 0 14928 1696915 0 332394 10 0 1 0 0 719655 3451225 8143606 64683 12314486 PERFORMANCE REVENUE 711130 4149670 4149670 4149670 69712 69712 923214 949105 -25891 -25891 -25891 137721 719655 389927 -252206 -252206 MISCELLANEOUS 900099 23762 23762 23762 16279533 4149670 0 -184623 2152237 1714257 211393 226587 6000996 4779692 589522 631782 450245 416938 13164 20143 1352162 1253095 39024 60043 1016089 847884 73788 94417 835 835 63307 63307 1540621 1088177 128867 323577 904613 781902 3101 119610 421615 323203 72881 25531 962849 668792 294057 589572 502325 58822 28425 84092 13968 61738 8386 142691 118 142573 MAINTENANCE AND REPAIRS 444892 240376 203167 1349 MISCELLANEOUS 270688 180917 49636 40135 LIBRARY 201797 201797 ELECTRONIC MEDIA 84512 84512 67663 46747 20916 16751476 13144700 2026791 1579985 112802 79413 4733927 4983600 174117 181034 309040 426873 1860884 1608439 310540 252445 3660472 3073046 542963 330813 9843861 9327224 983949 704810 1496972 1642846 400558 158912 2881479 2506568 X -18074076 -18218415 25036458 25039071 6962382 6820656 9843861 9327224 X -471943 361679 -31462 X X 0 1 X 1 0 X 8654183 13686650 10379645 10752660 12314486 55787624 8654183 13686650 10379645 10752660 12314486 55787624 6457716 49329908 51283 35761 47127 106485 69712 310368 9510 31125 -7324 13054 23762 70127 56168119 12925278 0.87830 0.91090 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 9,510. 2020 AMOUNT: $ 31,125. 2021 AMOUNT: $ -7,324. 2022 AMOUNT: $ 13,054. 2023 AMOUNT: $ 23,762. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3899472 773000 405501 2002927 3075046 9714280 493431 -373096 5935143 3899472 8507969 3157185 -389693 1561181 9714280 8017286 87643 932536 529496 8507969 8694307 657183 -68510 1265694 8017286 0 0 15072 11535 3537 296810 264115 32695 1549002 1332789 216213 252445 FUNDS HELD FOR OTHERS 19625 OPERATING LEASE LIABILITIES 139287 158912 X 17175521 361679 144382 506061 16669460 -389927 -389927 16279533 17317247 209065 356706 565771 16751476 0 16751476 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED FOR THE YEARS ENDED AUGUST 31, 2024 AND 2023. AT AUGUST 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -389,927. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 389,927. ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -33,221. SPRING INTO MUSIC GALA 337088 337088 17017 51953 18033 OPENING NIGHT 248096 248096 48664 85807 3 272192 134471 137721 22500 145953 857376 719655 137721 17017 123117 249793 389927 -252206 X X X X 0 0 0 0 0 0 0 0 0 GABRIEL VAN AALST PRESIDENT & CEO 266843 0 53000 0 0 0 12200 0 10191 0 342234 0 0 0 XIAN ZHANG MUSIC DIRECTOR 237817 0 0 0 0 0 0 0 20911 0 258728 0 0 0 ERIC WYRICK CONCERT MASTER 169813 0 0 0 0 0 20361 0 28696 0 218870 0 0 0 JAMES HOUGHTON CFO 156491 0 0 0 0 0 6240 0 10191 0 172922 0 0 0 MARSHELL J KUMAHOR VP EDUCATION & COMM ENGAGEMENT 121915 0 0 0 0 0 5080 0 31101 0 158096 0 0 0 SIDNEY JACKSON VP OF DEVELOPMENT 140079 0 0 0 0 0 0 0 10191 0 150270 0 0 0 X AUCTION ITEMS 82 64683 COST DETERMINED BY D 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE IS A SUBSET OF BOARD OF TRUSTEES MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO EACH BOARD MEMBER ELECTRONICALLY FOR REVIEW PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER REVIEWS THE CONFLICT OF INTEREST POLICY AND DISCLOSES CONFLICTS YEARLY. IN ADDITION, IF A MEMBER BECOMES AWARE OF A CONFLICT DURING THE YEAR, HE/SHE PROMPTLY DISCLOSES IT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE INDEPENDENT TRUSTEES. COMPARABLE SALARIES FROM OTHER ORGANIZATIONS AS WELL AS EMPLOYEE PERFORMANCE AID IN DETERMINING THE SALARIES AND IS DOCUMENTED IN THE MINUTES OF THE MEETINGS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII: CERTAIN MUSICIANS EMPLOYED BY THE ORGANIZATION ARE MEMBERS OF THE BOARD OF TRUSTEES. THESE INDIVIDUALS ARE BEING PAID FOR SERVICES PERFORMED AND NOT FOR FUNCTIONING IN THE CAPACITY OF A TRUSTEE. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -33,221. OTHER EXPENSE 1,759. FORM 990, PART XII, LINE 2C: THE SYMPHONY HAS A FINANCE/AUDIT COMMITTEE WHOSE RESPONSIBILITY AMONG OTHER THINGS IS TO SELECT THE INDEPENDENT AUDITORS AND RATIFY THAT SELECTION ON AN ANNUAL BASIS. IN ADDITION, THE COMMITTEE MEETS WITH THE AUDITORS BOTH PRIOR TO AND SUBSEQUENT TO THE COMPLETION OF THE AUDIT. DURING THESE MEETINGS, THE COMMITTEE REVIEWS THE RESULTS OF THE AUDIT AND THE FINANCIAL STATEMENTS OF THE SYMPHONY. FINALLY, THE COMMITTEE MAY ALSO MEET WITH THE INDEPENDENT AUDITORS AT OTHER TIMES DURING THE COURSE OF THE YEAR AS MAY BE DEEMED NECESSARY.