New World Symphony Inc

What it reported doing in 2024

Community engagementcommunity engagement is an important part of the nws's mission. The 21st-century musician needs a set of non-music skills in addition to exceptional musical technique. Nws's community engagement programs are learning experiences for the fellows and for our partners in the south Florida community, across the u.s., and internationally. The broad array of musical and educational offerings provides families, students, teachers, and adults of all ages opportunities to learn and to experience classical music. Nws's community engagement activities include the following: -community collaborations: throughout the season, nws fellows provide 30- to 60-minute interactive and thematic class presentations that allow students opportunities to develop their listening skills, gain knowledge of cultural history and make a personal connection to the art of music. Fellows also work with community partners to curate and present mobile wallcast concerts, a community-based concert series featuring a 23x13 led screen that includes archival nws concert footage and content created in conjunction with organizations and artists from local neighborhoods. Each event combines live and pre-recorded performances by nws fellows.-rehearsal observations: this program invites local groups to attend orchestra rehearsals with internationally renowned conductors and soloists. Prior to rehearsals, participants meet with fellows to learn about both the musical pieces and the instruments. Participating organizations include k-12 schools, universities, and adult learning centers. -education concerts: these daytime concerts are designed to introduce schoolchildren to the concert-going experience, major orchestral works, and famous composers. Nws provides free transportation for all attendees, and teachers receive a study guide to heighten the educational impact of the performance. A post-produced broadcast of the concerts is made available online for students in schools around the country. -side-by-side concert: this program offers advanced young instrumentalists in grades 7 through 12 an opportunity to perform alongside nws fellows in concert. Through this experience, participants and fellows develop a musical working relationship as together they rehearse and perform various orchestral works. Auditions are open to advanced string, woodwind, brass, harp, piano, and percussion students from across south Florida. -musiclab: musiclab is a community mentorship program that brings nws fellows into youth music programs to work with local students. Each year, around 200 young musicians from partner schools and organizations receive lessons from fellows in one-on-one and group coaching sessions on a bi-monthly basis throughout the school year. At the end of the season, musiclab students showcase their talent to their peers, families, and members of the community in a concert performance at the new world center. Nws's community engagement programs prepare fellows for leadership roles as educators, communicators, and role models; introduce children to classical music and the concert-going experience; and foster lasting and meaningful relationships between fellows and the community. Through these programs, nws annually offers more than 5,000 south Florida children, youth, and adults the opportunity to learn about and experience classical music every year. Through specialized training and application of skills in practice, fellows develop engagement techniques to interact with diverse community members of all ages. Fellows carry the skill and enthusiasm generated by their involvement while at nws into their future professional positions in communities around the world.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 78.6%; rating input score 79
• Fundraising efficiency: $5.39 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -21.9%; rating input score 4; 4th percentile among comparable filings
• Total-asset coverage ratio: 11.53; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 85; 85th percentile among comparable filings
• Officer compensation ratio: 9.3%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: -2.9% per year; rating input score 0; 3rd percentile among comparable filings
• Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings