Chamber Orchestra of New York - Ottorino Respighi
Nonprofit profile at a glance
- EIN
- 134318954
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- New York, NY, USA
- Phone
- 6463971879
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $339,887
- Expenses
- $342,379
- Assets
- $100,723
- Liabilities
- $10,974
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- STEVEN AVARY (BOARD PRESIDENT)
- JANE KING (BOARD VICE PRESIDENT)
Highest reported compensation
- SALVATORE DI VITTORIO (MUSIC DIRECTOR): $76,750 total reported compensation
- SANTA MARIA PECORARO (BOARD TREASURER): $11,084 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Chamber orchestra of New York (cony) is a premier ensemble that features a seasoned roster of our city's most flourishing musicians. The orchestra is internationally distinguished for championing unique repertoire that bridges the classical and modern traditions, including iconic film music, through premieres and world premiere recordings of rediscovered masterworks. Through all-embracing approaches with its distinct programs - from performances to educational outreach - the orchestra aims to cultivate a broader audience across generations for the future of classical music.
What it reported doing in 2024
The orchestra accepted and processed applications for its respighi prize music competition for young composers, pianists, and soloists. The competition was established to encourage and offer a performance opportunity for young talented composers and soloists from all countries, through the inspiration of ottorino respighi's music. The competition is open to young composers, pianists, and soloists (instrumental and vocal) under 40 years of age, of all nationalities, currently enrolled in (or recent graduates of) music conservatory or college (including preparatory or post-certificate programs) from all over the world. The winners are selected from a jury panel of veteran artists in the field. Previous years have featured winners from mexico, russia, switzerland, france, USA, italy, germany, brazil, poland, austria, cuba, and israel. The 2025 winners who will be featured in the 2027/2028 season at carnegie hall are percussionist rossana bribo (italy) and pianist lulwa al shamlan (kuwait).
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 92
- Accountability: 81
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.8%; rating input score 95
- Program expense ratio: 94.1%; rating input score 94
- Fundraising efficiency: $14.73 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 23rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.7%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 25.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 14.6% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 94.8% of revenue deployed · 94.1% of spending went to programs
- Governance: 12 of 14 board members independent · 6 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $322K in reported program spending
- Leadership: top reported pay $77K · 17 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.