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Arts, Culture, Humanities : Performing Arts

New World Symphony

America's Orchestral Academy

four stars

92.39

500 17th Street Miami Beach, FL 33139
tel: (800) 597-3331   Web Site
EIN: 59-2809056

Board Leadership
Edward Manno Shumsky
Chairman

CEO
Howard Herring
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.39 four stars
  Financial 91.84 four stars
  Accountability & Transparency 93.00 four stars
This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The mission of the New World Symphony (NWS) is to prepare highly gifted graduates of distinguished music programs for leadership roles in orchestras and ensemble groups throughout the world. NWS is dedicated to the artistic, personal, and professional development of outstanding instrumentalists. The NWS fellowship program provides highly gifted graduates of music programs at leading colleges, universities, and conservatories the opportunity to enhance their musical education with the finest professional training. Through a wide range of performance and experiential instruction activities, NWS seeks to develop in its participants the full complement of skills and qualifications required of twenty-first century musicians. Under the artistic direction of Michael Tilson Thomas, the program offers in-depth exposure to both traditional and modern repertoire, with the active involvement of leading guest conductors, soloists, and coaches.

The mission of the New World Symphony (NWS) is to prepare highly gifted graduates of distinguished music programs for leadership roles in orchestras and ensemble groups throughout the world. NWS is dedicated to the artistic, personal, and professional development of outstanding instrumentalists. The NWS fellowship program provides highly gifted graduates of music programs at leading colleges, universities, and conservatories the opportunity to enhance their musical education with the finest professional training. Through a wide range of performance and experiential instruction activities, NWS seeks to develop in its participants the full complement of skills and qualifications required of twenty-first century musicians. Under the artistic direction of Michael Tilson Thomas, the program offers in-depth exposure to both traditional and modern repertoire, with the active involvement of leading guest conductors, soloists, and coaches.

Financial

four stars

91.84

Accountability & Transparency

four stars

93.00

This rating was published 07/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.3%
  Administrative Expenses 10.1%
  Fundraising Expenses 9.5%
  Fundraising Efficiency $0.16
  Working Capital Ratio (years) 7.79
  Program Expenses Growth 3.7%
  Liabilities to Assets 9.3%
All data for Financial Performance Metrics calculations was provided by New World Symphony on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by New World Symphony on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
New World Symphony (FL) 92.39 four stars
Theatre Communications Group (NY) 90.94 four stars
American Composers Forum (MN) 85.47 three stars
Association of Performing Arts Professionals (DC) 93.91 four stars
Grantmakers in the Arts (WA) 86.07 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $12,926,288
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,640,140
   Related Organizations $0
   Government Grants $1,743,934
Total Contributions $16,310,362
   Program Service Revenue $1,638,221
Total Primary Revenue $17,948,583
   Other Revenue $1,262,067
TOTAL REVENUE $19,210,650
   
EXPENSES  
   Program Expenses $16,512,446
   Administrative Expenses $1,944,649
   Fundraising Expenses $1,469,968
TOTAL FUNCTIONAL EXPENSES $19,927,063
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-716,413
   
Net Assets $237,374,796

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
The Fellowship Program $7,265,477 44.0%
Audience Research and Development $7,100,352 43.0%
Community Engagement $165,124 1.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 07/01/2018 92.39 four stars
2016-06 08/01/2017 89.29 three stars
2015-06 08/01/2016 91.10 four stars
2014-06 06/01/2016 91.62 four stars
 
CN 2.0
2014-06 11/01/2015 85.42 three stars
2013-06 03/01/2015 92.25 four stars
2012-06 12/01/2013 92.22 four stars
2011-06 09/01/2012 85.55 three stars
2010-06 09/20/2011 80.18 three stars
 
CN 1.0
2009-06 11/01/2010 69.31 one star
2008-06 10/01/2009 87.31 three stars
2007-06 08/01/2008 88.17 three stars
2006-06 10/01/2007 94.41 four stars
2005-06 11/01/2006 92.58 four stars
2004-06 09/01/2005 80.26 three stars
2003-06 10/01/2004 69.96 one star
2002-06 08/01/2003 80.86 three stars
2001-06 10/15/2002 91.03 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 59-2809056
Name in IRS Master File NEW WORLD SYMPHONY INC
NTEE Code B40
NTEE Classification Higher Education Institutions
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (90) Cultural performances
(126) Apprentice training
(119) Other cultural or historical activities
Foundation Status School 170(b)(1)(A)(ii)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1987
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$250,635 1.25% Howard Herring President/CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
New World Symphony (FL) 92.39 four stars
SAG-AFTRA Foundation (CA) 91.90 four stars
Thelonious Monk Institute of Jazz (DC) 85.55 three stars
Creative Time (NY) 87.46 three stars
Pasadena Conservatory of Music (CA) 91.23 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

New World Symphony
500 17th Street
Miami Beach, FL 33139
tel: (800) 597-3331
fax: (305) 673-6749
EIN: 59-2809056

Visit Web Site

Board Leadership

Edward Manno Shumsky
Chairman

CEO

Howard Herring
President and CEO

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