Nonprofit · EIN 23-1501159
ACADEMY OF MUSIC OF PHILADELPHIA INC
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,919,401 | $3,509,654 | -$590,253 | $25,022,220 | $340,256 | $24,681,964 |
| August 31, 2024 | 990 | $1,405,807 | $3,385,410 | -$1,979,603 | $25,436,097 | $191,754 | $25,244,343 |
| August 31, 2023 | 990 | $4,878,504 | $3,532,925 | $1,345,579 | $27,513,081 | $274,281 | $27,238,800 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $3,297,479
- Program service revenue
- $0
- Investment income
- $31,500
- Net income from fundraising events
- -$409,578
- Other revenue
- -$409,578
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $197,353
- Other salaries and wages
- $346,765
- Salaries, compensation and benefits (total)
- $662,487
- Professional fundraising fees
- $0
- Legal fees
- $19,198
- Occupancy
- $757
- Travel
- $1,550
- Depreciation
- $2,512,926
- Program services (functional)
- $234,393
- Management and general (functional)
- $3,040,483
- Fundraising (functional)
- $234,778
Balance sheet and other
- Total assets, start of year
- $25,436,097
- Total assets, end of year
- $25,022,220
- Total liabilities, end of year
- $340,256
- Net assets, end of year
- $24,681,964
- Land, buildings and equipment
- $22,507,736
- Net assets without donor restrictions
- $24,211,964
- Net assets with donor restrictions
- $470,000
- Gross receipts
- $3,548,559
- Employees
- 0
- Volunteers
- 55
- Year formed
- 1956
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATIAS TARNOPOLSKY - BOARD | MEMBER (PRESIDENT-POKC)(THRU 12/24) Trustee or director, Officer | 5 | $0 | $1,159,583 | $66,031 |
| RYAN FLEUR - BOARD | MEMBER (PRESIDENT-POKC)(AS OF 04/25) Trustee or director, Officer | 5 | $0 | $486,110 | $65,030 |
| MARIO MESTICHELLI | BOARD MEMBER/TREASURER (CFO-POKC) Trustee or director, Officer | 5 | $0 | $358,273 | $62,133 |
| RALPH W MULLER | BOARD MEMBER (CHAIR-POKC) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| CAROLINE B ROGERS | CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ADELE K SCHAEFFER | CHAIR EMERITUS Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JAMES P BRANDAU | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNE F HAMILTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| HARRY EDWARD HILL III | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT S JOHNSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TERESA C KENNY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRUCE G LETO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN H MCFADDEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN R SALER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LINDA FYNES SIEGFRIED | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL ZISMAN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended August 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATIAS TARNOPOLSKY | BD MEMBER (PRESIDENT-POA) Trustee or director, Officer | 5 | $0 | $918,657 | $154,061 |
| RYAN FLEUR | BD MEMBER/SECRETARY (EXEC-DIR POA) Trustee or director, Officer | 5 | $0 | $440,479 | $61,061 |
| MARIO MESTICHELLI | BD MEMBER/TREASURER (CFO-POA) Trustee or director, Officer | 5 | $0 | $368,363 | $59,311 |
| CAROLINE B ROGERS | CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ADELE K SCHAEFFER | CHAIR EMERITUS Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KATE ALLISON | BOARD MEMBER (THRU JAN 2024) Trustee or director | 2 | $0 | $0 | $0 |
| LISA BETTINGER-BUCKINGHAM | BOARD MEMBER (THRU DEC 2023) Trustee or director | 2 | $0 | $0 | $0 |
| JAMES P BRANDAU | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNE F HAMILTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| HARRY EDWARD HILL III | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT S JOHNSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TERESA C KENNY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRUCE G LETO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN H MCFADDEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RALPH W MULLER | BOARD MEMBER (CHAIR-POA) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JOHN R SALER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LINDA FYNES SIEGFRIED | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL ZISMAN | BOARD MEMBER Trustee or director | 5 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATIAS TARNOPOLSKY | BD MEMBER (PRESIDENT-POA) Trustee or director, Officer | 5 | $0 | $910,907 | $67,456 |
| RYAN FLEUR | BD MEMBER/SECRETARY (EXEC-DIR POA) Trustee or director, Officer | 5 | $0 | $383,765 | $54,416 |
| MARIO MESTICHELLI | BD MEMBER/TREASURER (CFO-POA) Trustee or director, Officer | 5 | $0 | $319,970 | $53,116 |
| CAROLINE B ROGERS | CHAIR Trustee or director, Officer | 10 | $0 | $0 | $0 |
| ADELE K SCHAEFFER | CHAIR EMERITUS Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RALPH W MULLER | BOARD MEMBER (CO-CHAIR POA) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MICHAEL ZISMAN | BOARD MEMBER (CO-CHAIR POA) Trustee or director, Officer | 5 | $0 | $0 | $0 |
| KATE ALLISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES P BRANDAU | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LISA BETTINGER-BUCKINGHAM | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| HARRY EDWARD HILL III | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LINDA FYNES SIEGFRIED | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNE F HAMILTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT S JOHNSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TERESA C KENNY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRUCE G LETO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN H MCFADDEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOHN R SALER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 S BROAD ST, PHILADELPHIA, PA 19102-4901
- In care of
- % MARIO MESTICHELLI
- Principal officer (990 for 2024)
- RYAN FLEUR, 300 SOUTH BROAD STREET, PHILADELPHIA, PA 19102
- Signed the 990
- MARIO MESTICHELLI, BD MEMBER/TREASURER
- Phone
- (215) 893-1900
- Website
- WWW.ENSEMBLEARTSPHILLY.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
THE ACADEMY'S PRIMARY EXEMPT PURPOSE IS TO RAISE FUNDS THROUGH THE RESTORATION AND PRESERVATION FUND TO RESTORE AND MAINTAIN THE 168-YEAR-OLD ACADEMY OF MUSIC, THE OLDEST KNOWN CONTINUOUSLY OPERATING OPERA HOUSE IN THE UNITED STATES.
Program accomplishments
- THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO RAISE FUNDS FOR THE RESTORATION OF THE ACADEMY OF MUSIC BUILDING THROUGH SPECIAL EVENTS AND A CAPITAL CAMPAIGN PROGRAM. COMBINED PROCEEDS ARE USED TO FUND NUMEROUS RESTORATION PROJECTS AS APPROVED BY THE ACADEMY BOARD. THE ACADEMY OF MUSIC BUILDING HAS BEEN DESIGNATED AS A NATIONAL HISTORIC LANDMARK AND THEREFORE ITS UPKEEP AND MAINTENANCE IS THE ORGANIZATION'S PRIMARY CONCERN. FOR THE YEAR ENDED AUGUST 31, 2025, THE RESTORATION PROJECTS INCLUDED SOUND SYSTEM REPLACEMENT, ELEVATOR MODERNIZATION, AND LAVATORY & BOX OFFICE RENOVATIONS. (CONTINUED IN SCHEDULE O).(CONTINUED):THESE PROGRAM SERVICE ACTIVITY EXPENDITURES ARE REPORTED AS PART OF FIXED ASSETS IN SCHEDULE D, PART VI.Expenses $234,393
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-1501159
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1956
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A110)
- Assets (IRS master file)
- $25,022,220
- Income (IRS master file)
- $3,548,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,919,401 | $3,509,654 | $25,022,220 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $1,405,807 | $3,385,410 | $25,436,097 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $4,878,504 | $3,532,925 | $27,513,081 | XML |
| 990 | August 2022 | $2,432,012 | $4,003,376 | $29,102,895 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1501159).
Questions about ACADEMY OF MUSIC OF PHILADELPHIA INC
- What is the EIN of ACADEMY OF MUSIC OF PHILADELPHIA INC?
- The employer identification number (EIN) of ACADEMY OF MUSIC OF PHILADELPHIA INC is 23-1501159.
- Is ACADEMY OF MUSIC OF PHILADELPHIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1956.
- Are donations to ACADEMY OF MUSIC OF PHILADELPHIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY OF MUSIC OF PHILADELPHIA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACADEMY OF MUSIC OF PHILADELPHIA INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY OF MUSIC OF PHILADELPHIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ACADEMY OF MUSIC OF PHILADELPHIA INC?
- The 990 for the year ended August 31, 2025 names RYAN FLEUR.
- Who are the officers and directors of ACADEMY OF MUSIC OF PHILADELPHIA INC?
- The 990 for the year ended August 31, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does ACADEMY OF MUSIC OF PHILADELPHIA INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,919,401, expenses of $3,509,654 and total assets of $25,022,220 at year end.
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