Philadelphia Chamber Music Society

EIN: 222736249 501(c)(3) Arts, Culture & Humanities

Philadelphia, PA

Total Revenue
$2,759,674
Total Expenses
$2,157,596
Total Assets
$14,993,533
Net Assets
$14,563,672
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
PA
Principal Officer
Philip Maneval
Phone
2155698587
Tax Period
2024-10-01 to 2025-09-30

Philadelphia Chamber Music Society, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $602K, a strong 22% operating margin.

Mission

To engage our community in a life more beautiful through the shared experience and transformative impact of chamber music, by arranging diverse and compelling programs by exceptional artists at affordable prices, and by presenting new music and education programs.

Program Service Accomplishments

Program 1
Expenses: $1,783,882 Revenue: $474,463

Each season, PCMS presents at least 50 concerts by leading international chamber ensembles and recitalists, artists who would otherwise not appear in this city. The concerts feature a rich diversity...

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Each season, PCMS presents at least 50 concerts by leading international chamber ensembles and recitalists, artists who would otherwise not appear in this city. The concerts feature a rich diversity of works spanning five centures, including world premieres and other works by living composers. We maintain a policy of affordable ticket pricing to enable access by people of all ages and from all walks of life. As in other years live streaming was once again provided at no charge, on a pay-what-you-wish basis. Since 1986, PCMS has presented over 2,050 concerts, playing a major role in introducing under-represented musicians and enriching this city as a leading performing arts center.

Program 2
Expenses: $39,924 Revenue: $0

Many of PCMS eminent artists also mentor and inspire Philadelphia students through some 25 annual master classes and childrens events held in partnerships with area schools and nonprofits, and...

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Many of PCMS eminent artists also mentor and inspire Philadelphia students through some 25 annual master classes and childrens events held in partnerships with area schools and nonprofits, and offered without charge. We also provide free pre-concert lectures, and free and discounted student tickets. This year, because of the pandemic, our educational and outreach events were held online.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,957,798
Program Service Revenue $474,463
Investment Income $317,463
Other Revenue $9,950
TOTAL REVENUE $2,759,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $706,750
Fundraising Expenses $51,745
Program Expenses $1,823,806
Other Expenses $1,450,846
TOTAL EXPENSES $2,157,596

Year-over-Year Comparison

2024 2023 Change
Revenue $2,759,674 $2,522,721 +0.1%
Expenses $2,157,596 $2,163,194 0.0%
Net Income $602,078 $359,527 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$158,148
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miles Cohen Artistic Director 30.00
Officer
$74,996 $13,259 $88,255
Philip Maneval Executive Director 20.00
Officer
$63,473 $6,420 $69,893
Edward A Montgomery Jr Chair 5.00
Officer Director
$0 $0 $0
Judith Hurtig Vice Chair 5.00
Officer Director
$0 $0 $0
Emily Collier Secretary 5.00
Officer Director
$0 $0 $0
Robert Victor Treasurer 5.00
Officer Director
$0 $0 $0
Andrea M Baldeck MD Director 1.00
Director
$0 $0 $0
Roger Berlin MD Director 1.00
Director
$0 $0 $0
Julian A Brodsky Director 1.00
Director
$0 $0 $0
Pauline A Candaux Director 1.00
Director
$0 $0 $0
Gordon B Fink MD Director 1.00
Director
$0 $0 $0
Susan S Gould Director 1.00
Director
$0 $0 $0
Gwynne Grasberger Director 1.00
Director
$0 $0 $0
Linda Jan PHD Director 1.00
Director
$0 $0 $0
Donald R Kardon Director 1.00
Director
$0 $0 $0
Jerry J Martin Director 1.00
Director
$0 $0 $0
Vikram Paralkar MD Director 1.00
Director
$0 $0 $0
Sevgi Rodan PHD Director 1.00
Director
$0 $0 $0
Gabrielle J Sellei ESQ Director 1.00
Director
$0 $0 $0
Vincent Tseng Director 1.00
Director
$0 $0 $0
Thomas M Vernon MD Director 1.00
Director
$0 $0 $0
Laurie Wagman Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,759,674 $2,157,596 $14,993,533 $602,078
2024 $2,522,721 $2,163,194 $13,350,094 $359,527
2023 $2,490,091 $1,899,073 $11,060,676 $591,018
2022 $2,586,883 $1,771,544 $9,999,220 $815,339
2021 $2,703,740 $1,345,793 $10,539,381 $1,357,947
2020 $1,863,053 $1,715,841 $8,065,671 $147,212
2019 $2,039,189 $1,618,312 $7,988,282 $420,877
2018 $2,478,965 $1,552,508 $7,415,391 $926,457
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