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Arts, Culture, Humanities : Performing Arts

New World Symphony

America's Orchestral Academy

90.00

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

Board Leadership
William M. Osborne III
Chairman

CEO
Howard Herring
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 90.00
  Financial 85.87
  Accountability & Transparency 100.00
This rating was published 05/01/2020 and includes data from FY2019, 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

85.87

Accountability & Transparency

100.00

This rating was published 05/01/2020 and includes data from FY2019, 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)
77.6%
  Administrative Expenses 10.0%
  Fundraising Expenses 12.2%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 7.48
  Program Expenses Growth < 0.1%
  Liabilities to Assets 8.9%
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) 90.00
Association of Performing Arts Professionals (DC) 86.67
Santa Fe Art Institute (NM) 87.31
PEN American Center (NY) 95.90
Pasadena Conservatory of Music (CA) 90.50

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,539,553
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,362,117
   Related Organizations $0
   Government Grants $3,917,552
Total Contributions $13,819,222
   Program Service Revenue $1,982,451
Total Primary Revenue $15,801,673
   Other Revenue $2,594,812
TOTAL REVENUE $18,396,485
   
EXPENSES  
   Program Expenses $16,037,450
   Administrative Expenses $1,909,957
   Fundraising Expenses $3,104,411
TOTAL FUNCTIONAL EXPENSES $21,051,818
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-2,655,333
   
Net Assets $234,620,452

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 $7,055,826 44.0%
Audience Research and Development $6,895,466 43.0%
Community Engagement $160,360 1.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 05/01/2020 90.00
2018-06 06/01/2019 90.22
2017-06 07/01/2018 92.39
2016-06 08/01/2017 89.29
2015-06 08/01/2016 91.10
2014-06 06/01/2016 91.62
 
CN 2.0
2014-06 11/01/2015 85.42
2013-06 03/01/2015 92.25
2012-06 12/01/2013 92.22
2011-06 09/01/2012 85.55
2010-06 09/20/2011 80.18
 
CN 1.0
2009-06 11/01/2010 69.31
2008-06 10/01/2009 87.31
2007-06 08/01/2008 88.17
2006-06 10/01/2007 94.41
2005-06 11/01/2006 92.58
2004-06 09/01/2005 80.26
2003-06 10/01/2004 69.96
2002-06 08/01/2003 80.86
2001-06 10/15/2002 91.03

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, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$250,000 1.18% Howard Herring President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
New World Symphony (FL) 90.00
Young Concert Artists (NY) 85.01
America-Israel Cultural Foundation (NY) 87.00
National Book Foundation (NY) 89.39
Artspace Projects (MN) 89.48

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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

William M. Osborne III
Chairman

CEO

Howard Herring
President and CEO

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