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)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 30,797,240 | 53,125,172 | 32,009,670 | 31,793,049 | 45,525,878 | 193,251,009 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 1,628,564 | 1,660,455 | 1,777,693 | 1,674,086 | 1,550,941 | 8,291,739 |
| 4 | Total. Add lines 1 through 3 | 32,425,804 | 54,785,627 | 33,787,363 | 33,467,135 | 47,076,819 | 201,542,748 |
| 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) .. | 12,040,870 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 189,501,878 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 32,425,804 | 54,785,627 | 33,787,363 | 33,467,135 | 47,076,819 | 201,542,748 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 14,540,416 | 14,495,103 | 16,480,318 | 16,445,992 | 16,239,955 | 78,201,784 |
| 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.).. | 5,585,549 | 287,950 | 38,871 | 56,372 | 5,968,742 | |
| 11 | Total support. Add lines 7 through 10 | 285,713,274 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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 2024 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-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, 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 2024. 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 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2021 AMOUNT: $ 5,585,549. 2022 AMOUNT: $ 287,950. 2023 AMOUNT: $ 38,871. 2024 AMOUNT: $ 56,372. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990 PART III LINE 1 | CARNEGIE HALL'S MISSION IS TO PRESENT EXTRAORDINARY MUSIC AND MUSICIANS ON THE THREE STAGES OF THIS LEGENDARY HALL, TO BRING THE TRANSFORMATIVE POWER OF MUSIC TO THE WIDEST POSSIBLE AUDIENCE, TO PROVIDE VISIONARY EDUCATION PROGRAMS, AND TO FOSTER THE FUTURE OF MUSIC THROUGH THE CULTIVATION OF NEW WORKS, ARTISTS, AND AUDIENCES. |
| FORM 990, PART VI, SECTION A, LINE 2 | PLEASE SEE THE SUPPLEMENTAL INFORMATION FOR PART VI, SECTION B, LINE 12C FOR A SUMMARY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND PROCEDURES FOR DISCLOSURES AND THEIR INDEPENDENT REVIEW. LEN BLAVATNIK AND LAURENCE G. GAGOSIAN HAD A BUSINESS RELATIONSHIP. ARYEH B. BOURKOFF AND LAURENCE G. GAGOSIAN HAD A BUSINESS RELATIONSHIP. ARYEH B. BOURKOFF AND LEN BLAVATNIK HAD A BUSINESS RELATIONSHIP. MARINA KELLEN FRENCH AND LAURENCE G. GAGOSIAN HAD A BUSINESS RELATIONSHIP. LAURENCE G. GAGOSIAN AND SIR MARTIN SORRELL HAD A BUSINESS RELATIONSHIP. LAURENCE G. GAGOSIAN AND MICHAEL B. KIM HAD A BUSINESS RELATIONSHIP. SARKIS JEBEJIAN AND ROBERT F. SMITH HAD A BUSINESS RELATIONSHIP. THOMAS G. MAHERAS AND SANFORD I. WEILL HAD A BUSINESS RELATIONSHIP. DAVID M. SIEGEL AND SANFORD I. WEILL HAD A BUSINESS RELATIONSHIP. DAVID M. SIEGEL AND ROBERT F. SMITH HAD A BUSINESS RELATIONSHIP. ROBERT F. SMITH AND SANFORD I. WEILL HAD A BUSINESS RELATIONSHIP. ROBERT F. SMITH AND DANIEL NARDELLO HAD A BUSINESS RELATIONSHIP. ROBERT F. SMITH AND JEAN SALATA HAD A BUSINESS RELATIONSHIP. ROBERT F. SMITH AND RICHARD TSAI HAD A BUSINESS RELATIONSHIP. KURT G. STROVINK AND DAVID M. SIEGEL HAD A BUSINESS RELATIONSHIP. DAVID S. WINTER AND ROBERT F. SMITH HAD A BUSINESS RELATIONSHIP. SANFORD I. WEILL AND JOSHUA NASH HAD A BUSINESS RELATIONSHIP. DAVID S. WINTER AND ROY WEATHERS HAD A BUSINESS RELATIONSHIP. DANIEL NARDELLO AND SARKIS JEBEJIAN HAD A BUSINESS RELATIONSHIP. DAVID S. WINTER AND LAURENCE G. GAGOSIAN HAD A BUSINESS RELATIONSHIP. ROY WEATHERS AND ROBERT F. SMITH HAD A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | BOARD REVIEW OF FORM 990 THE FORM 990 IS PREPARED BY CARNEGIE HALL'S EXTERNAL ACCOUNTING FIRM WITH THE ASSISTANCE OF STAFF. THE DRAFT REPORT IS REVIEWED BY THE AUDIT COMMITTEE AND PROVIDED TO TRUSTEES BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY FOR TRUSTEES, OFFICERS AND KEY PERSONS IS INTENDED TO IDENTIFY, DISCLOSE, EVALUATE AND ADDRESS ACTUAL, POTENTIAL AND APPARENT CONFLICTS OF INTEREST THAT MIGHT, IN FACT OR APPEARANCE, CALL INTO QUESTION THESE INDIVIDUALS' DUTY OF LOYALTY TO CARNEGIE HALL, AS WELL AS TO GATHER INFORMATION REQUIRED FOR THE FORM 990 REPORT. THE INDEPENDENT BOARD GOVERNANCE COMMITTEE IS RESPONSIBLE FOR OVERSEEING IMPLEMENTATION OF AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EVERY COVERED PERSON IS FURNISHED WITH A COPY OF THE POLICY PRIOR TO THE COMMENCEMENT OF DUTIES, AND MUST SUBMIT AN ACKNOWLEDGMENT AND DISCLOSURE STATEMENT PRIOR TO INITIAL ELECTION, APPOINTMENT OR HIRING, AND ANNUALLY THEREAFTER, AND UPDATE IT AS NECESSARY TO REFLECT CHANGES DURING THE COURSE OF THE YEAR. THE GOVERNANCE COMMITTEE REVIEWS CONFLICT OF INTEREST DISCLOSURES ANNUALLY AND AS NEW DISCLOSURES ARE MADE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION REVIEW COMPENSATION FOR THE EXECUTIVE AND ARTISTIC DIRECTOR AND ANY OTHER OFFICERS AND THE KEY EMPLOYEES OF THE ORGANIZATION IS REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE BOARD COMPENSATION COMMITTEE OR OTHER INDEPENDENT TRUSTEES, FOLLOWING A REVIEW OF COMPARABILITY DATA (SUCH AS FORMS 990 AND OTHER SOURCES OF SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS IN SIMILAR GEOGRAPHIC LOCATIONS). THE DELIBERATION AND DECISION OF THESE INDEPENDENT TRUSTEES IS CONTEMPORANEOUSLY DOCUMENTED. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC DISCLOSURE CARNEGIE HALL MAKES ITS ANNUAL REPORT WHICH CONTAINS HIGHLIGHTS OF PROGRAMS AND FINANCIAL INFORMATION AND FIVE YEARS OF AUDITED FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE FORM 990 IS AVAILABLE UPON REQUEST AND ON OTHER WEBSITES SUCH AS GUIDESTAR.ORG. CARNEGIE HALL ALSO MAKES KEY ORGANIZATIONAL POLICIES, SUCH AS ITS CODE OF ETHICS, GIFT ACCEPTANCE POLICIES AND GUIDELINES AND WHISTLEBLOWER POLICY, PUBLICLY AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT CURRENTLY PUBLICLY AVAILABLE. |
| FORM 990, PART VI, SECTION A, LINE 1A | PURSUANT TO ITS BY-LAWS, THE ORGANIZATION'S BOARD OF TRUSTEES DELEGATES AUTHORITY TO AN EXECUTIVE COMMITTEE, SUBJECT TO THE LIMITATIONS OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. THE EXECUTIVE COMMITTEE REPORTS ITS ACTIONS TO THE BOARD. |
| FORM 990, PART VII | PURSUANT TO FORM 990 INSTRUCTIONS, COMPENSATION REPORTED IN PART VII IS FOR CALENDAR YEAR 2024, AND INCLUDES DEFERRED COMPENSATION. |
| FORM 990, PART XI, LINE 9: | ACTUARIAL GAIN/LOSS ON PENSION PLAN 3,904,130. |
| Software ID: | |
| Software Version: |