Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 1,234,025 | 2,060,950 | 2,572,714 | 1,704,980 | 2,140,280 | 9,712,949 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 1,234,025 | 2,060,950 | 2,572,714 | 1,704,980 | 2,140,280 | 9,712,949 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 1,260,792 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 8,452,157 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 1,234,025 | 2,060,950 | 2,572,714 | 1,704,980 | 2,140,280 | 9,712,949 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 78,569 | 69,485 | 59,154 | 117,711 | 113,430 | 438,349 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | 0 | 100 | 0 | 0 | 100 |
| 11 | Total support. Add lines 7 through 10 | 10,155,696 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 1 - UNUSUAL GRANTS | THE ORGANIZATION RECEIVED A SIGNIFICANT MULTI-YEAR PLEDGE DURING THE 2018 TAX YEAR. This CONTRIBUTION was REMOVED FROM SCHEDULE A, PART II, LINE I AS an UNUSUAL GRANT. UNUSUAL GRANTS Summary: 2018 - $1,750,000 2019 - $0 2020 - $0 2021 - $0 2022 - $0 |
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Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| 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 INC. (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 28TH 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. Part XI, Line 9 - Other Changes The Organization recorded a discount on pledges receivable amounting to $30,547 for the year ending June 30, 2023. 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. Part XI, Line 9 - Other Changes The Organization recorded a discount on pledges receivable amounting to $30,547 for the year ending June 30, 2023. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:GUEST ARTISTS TOTAL FEES:516988 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PAYROLL PROCESSING TOTAL FEES:9993 |
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| Software Version: |