The Philadelphia Orchestra and Kimmel Center Inc

Nonprofit profile at a glance

EIN
874303823
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2158931900
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$6,289,565
Expenses
$12,150,801
Assets
$6,032,912
Liabilities
$2,449,861

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

75 people listed

Executive titles in this filing

  • MATIAS TARNOPOLSKY - BOARD (MEMBER/PRES & CEO (THRU 12/24))
  • RYAN FLEUR - BOARD (MEMBER/PRES & CEO (AS OF 4/25))

Highest reported compensation

  • YANNICK NEZET-SEGUIN (MUSIC DIRECTOR/BOARD MEMBER): $1,276,333 total reported compensation
  • MATIAS TARNOPOLSKY - BOARD (MEMBER/PRES & CEO (THRU 12/24)): $1,225,614 total reported compensation
  • DAVID KIM (MUSICIAN/BOARD MEMBER): $556,182 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Pokc was formed for charitable and educational purposes and is dedicated to the promotion of the arts.

What it reported doing in 2024

The philadelphia orchestra and kimmel center, inc. (the organization) is a Pennsylvania charitable nonprofit corporation that was formed for charitable and educational purposes and is dedicated to the promotion of the arts. In furtherance of such purposes, the organization will retain one of the premier orchestras in the world, consisting of the top musicians and an internationally renowned conductor, and operate a world class performing arts center that engages and serves broad and diverse audiences from the greater philadelphia region with an equally diverse programming blend while promoting culture and the performing arts for the benefit of the citizens of the city of philadelphia and the surrounding region. (continued in sch o)

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 96
  • Accountability: 85
  • Sustainability: 9
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $3.3 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 89.6%; rating input score 90; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -93.2%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 50.6%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 31.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 27.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 68.7% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 70.3% of spending went to programs
  • Governance: 60 of 67 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5M in reported program spending
  • Leadership: top reported pay $1.3M · 75 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $218K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.