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NEW WORLD SYMPHONY INC

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Public IRS 990 nonprofit record

NEW WORLD SYMPHONY INC

EIN 59-2809056 · Higher Education (B40)

What they do

PREPARES GIFTED GRADUATES of PRESTIGIOUS MUSIC PROGRAMS for SUCCESSFUL CAREERS IN ORCHESTRAS and ENSEMBLES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $78.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders47 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.81%of revenue went to mission work78.6% of expenses · Program services
14.07%of revenue went to fundraising11.5% of expenses
$121.90spent for every $100 of revenueSpending was higher than revenue this year.
12.02%of revenue went to management and office costs9.9% of expenses
$11.53in assets for every $1 spent this yearSome assets cannot be spent right away.
75.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,704,936 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $482,709 for HOWARD HERRING (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,484,580
Mission workProgram services$20,584,60295.81% of revenue78.6% of expenses
ManagementOffice and general costs$2,581,97212.02% of revenue9.9% of expenses
FundraisingAsking for donations$3,022,94214.07% of revenue11.5% of expenses
Total expenses$26,189,516121.90% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 78.6% mission · 9.9% management · 11.5% fundraisingTotal expenses: 121.90% of revenue
2023Expense mix: 78.7% mission · 9.5% management · 11.8% fundraisingTotal expenses: 72.80% of revenue
2022Expense mix: 78.1% mission · 9.6% management · 12.3% fundraisingTotal expenses: 420.43% of revenue
2021Expense mix: 78.8% mission · 9.1% management · 12.2% fundraisingTotal expenses: 49.14% of revenue
2020Expense mix: 77.4% mission · 10.2% management · 12.4% fundraisingTotal expenses: 57.11% of revenue
2019Expense mix: 76.1% mission · 9.7% management · 14.2% fundraisingTotal expenses: 80.37% of revenue
2018Expense mix: 76.2% mission · 9.1% management · 14.7% fundraisingTotal expenses: 114.43% of revenue
2017Expense mix: 74.1% mission · 11.3% management · 14.6% fundraisingTotal expenses: 142.07% of revenue

Money in and money out

Revenue$21,484,580
Expenses$26,189,516
Annual shortfall $4,704,936 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$20,584,602 · 78.6% of expenses
Management and office costs$2,581,972 · 9.9% of expenses
Fundraising$3,022,942 · 11.5% of expenses
See all reported dollar amounts
Revenue$21,484,580
Expenses$26,189,516
Assets$302,084,268
Income$31,443,177
Contributions$16,308,620
Mission work (program services)$20,584,602
Fundraising$3,022,942
Management and general$2,581,972
Stocks and bonds$111,420,679
Accounting fees$125,506
Investing fees$234,676
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
HOWARD HERRINGPRESIDENT & CEO · 60 hrs/week $482,709Base $456,594 · Other $26,115
MAUREEN OBRIENEVP, INSTITUTIONAL ADVANCE · 40 hrs/week $276,488Base $250,726 · Other $25,762
MARTIN SHER SVP ARTISTICPLANNING & PROGRAMS - UNTIL 01/25 · 40 hrs/week $236,008Base $204,985 · Other $31,023
HUMBERTO ORTEGASVP AND CFO · 40 hrs/week $235,845Base $214,491 · Other $21,354
DAVID PHILLIPSMANAGING DIRECTOR, ALTON PONTE LLC · 40 hrs/week $231,015Base $206,080 · Other $24,935
CLYDE SCOTTVP AND CREATIVE DIRECTOR · 40 hrs/week $225,740Base $209,646 · Other $16,094
CASSIDY CARLSON SVPMUSICIAN ADV. AND DEAN - UNTIL 12/24 · 40 hrs/week $220,182Base $173,304 · Other $46,878
ASHLEY SKINNERSVP, INSTL CULTURE & INCLUSION · 40 hrs/week $184,648Base $166,835 · Other $17,813
PAUL WOEHRLEVP, CAPITAL AND PLANNED GIVING · 40 hrs/week $171,041Base $149,400 · Other $21,641
JULISA FUSTEVP, DEVELOPMENT · 40 hrs/week $165,689Base $135,871 · Other $29,818

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (47)

HOWARD HERRINGPRESIDENT & CEO

MAUREEN OBRIENEVP, INSTITUTIONAL ADVANCE

MARTIN SHER SVP ARTISTICPLANNING & PROGRAMS - UNTIL 01/25

HUMBERTO ORTEGASVP AND CFO

DAVID PHILLIPSMANAGING DIRECTOR, ALTON PONTE LLC

CLYDE SCOTTVP AND CREATIVE DIRECTOR

CASSIDY CARLSON SVPMUSICIAN ADV. AND DEAN - UNTIL 12/24

ASHLEY SKINNERSVP, INSTL CULTURE & INCLUSION

PAUL WOEHRLEVP, CAPITAL AND PLANNED GIVING

JULISA FUSTEVP, DEVELOPMENT

MATTHEW W BUTTRICKTRUSTEE

MATTHEW A BUDD MDTRUSTEE

MICHAEL J ZINNER MDTRUSTEE

NEISEN O KASDINTRUSTEE

MATT HAGGMANTRUSTEE

KATHERINE BORMANNTRUSTEE - UNTIL 04/25

PATRICIA M PAPPERTRUSTEE

MARY E FRANKTRUSTEE

RICHARD L KOHANTRUSTEE

ROBERT MOSSTRUSTEE - UNTIL 10/24

ROSE ELLEN GREENETRUSTEE

SARAH S ARISONTRUSTEE

SHELDON T ANDERSONTRUSTEE

STEPHEN L OWENSTRUSTEE

TRACEY ROBERTSON CARTERTRUSTEE

WILLIAM KLEHTRUSTEE

WILLIAM L MORRISONTRUSTEE

WILLIAM M OSBORNE IIICHAIRPERSON

IRA M BIRNS TRUSTEEVC/TREASURER/CHAIR OF FIN COMM

ADAM MORRISTRUSTEE

ANN DRAKETRUSTEE

ANNE DONOVAN BODNARTRUSTEE

BRUCE E CLINTONTRUSTEE

CHARMEL MAYNARDTRUSTEE

DOROTHY A TERRELLVC/SECRETARY

EBONEE THOMASTRUSTEE

EDWARD MANNO SHUMSKYTRUSTEE

GERALD KATCHERTRUSTEE

MARTY BARONTRUSTEE - UNTIL 01/25

JC LISCANOTRUSTEE

JJ DESAITRUSTEE

JOHN FUMAGALLITRUSTEE

JOHN J HALEYTRUSTEE

JUDITH RODINTRUSTEE

ADAM CARLINVICE CHAIRPERSON

L MICHAEL ORLOVETRUSTEE

MADELEINE ARISONTRUSTEE

About this charity

Recognized since
January 1987
Location
500 17TH ST, MIAMI BEACH, FL 33139-1862
County
Miami-Dade
In care of
% DAVID PHILLIPS
Primary officer
HUMBERTO ORTEGA, SVP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(305) 428-6700

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CBIZ ADVISORS LLC
NTEE classification
Higher Education (B40)
IRS tax category
Higher Education

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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