American Friends of Israel Philharmonic Orchestra

EIN: 237183563 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$3,247,945
Total Expenses
$4,267,683
Total Assets
$25,020,592
Net Assets
$24,584,707
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
DC
Phone
2126972949
Tax Period
2023-01-01 to 2023-12-31

American Friends of Israel Philharmonic Orchestra, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $4.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC (AFIPO) IS A NON-PROFIT ORGANIZATION DEDICATED TO SUSTAINING THE FINANCIAL FUTURE OF THE ISRAEL PHILHARMONIC, A WORLD CLASS ORCHESTRA. AFIPO SEEKS TO BROADEN THE REACH OF THE ISRAEL PHILHARMONIC AND BRING ITS MESSAGE THROUGH MUSIC THROUGHOUT THE WORLD. THE MONIES RAISED BY AFIPO ASSIST WITH THE OPERATIONAL SUPPORT OF THE ORCHESTRA AND ITS MUSICAL EDUCATION PROGRAMS THROUGHOUT ISRAEL.

Program Service Accomplishments

Program 1
Expenses: $2,057,496

AFIPO SUPPORTS THE ISRAEL PHILHARMONIC'S OPERATIONS, INCLUDING ITS MUSIC EDUCATION PROGRAMS AND TOURING, TO FURTHER ENSURE THE PHILHARMONIC'S FUTURE.

Program 2
Expenses: $490,000

AFIPO PROUDLY PROVIDES UNDERWRITING SUPPORT FOR THE ISRAEL PHILHARMONIC'S KEYNOTE OUTREACH AND EDUCATION PROGRAM AND SULAMOT PROGRAM, WHERE CLASSICAL MUSIC IS USED AS A VEHICLE FOR TEACHING...

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AFIPO PROUDLY PROVIDES UNDERWRITING SUPPORT FOR THE ISRAEL PHILHARMONIC'S KEYNOTE OUTREACH AND EDUCATION PROGRAM AND SULAMOT PROGRAM, WHERE CLASSICAL MUSIC IS USED AS A VEHICLE FOR TEACHING COMPASSION, NURTURING OUR YOUTH, ENCOURAGING CLASSICAL MUSIC AUDIENCES OF THE FUTURE AND ENRICHING THE CULTURAL LIFE OF ISRAEL. BOTH PROGRAMS OFFER A WIDE VARIETY OF MUSIC EDUCATION ACTIVITIES, FILLING THE VOID IN MUSIC INSTRUCTION AVAILABLE TO THE CHILDREN OF ISRAEL. ORCHESTRA MUSICIANS AND TRAINED TEACHERS BRING CLASSICAL MUSIC INTO JEWISH, ARAB-ISRAELI, RELIGIOUS AND SECULAR SCHOOLS, AS WELL AS INSTITUTIONS FOR HOMELESS AND DISADVANTAGED CHILDREN.

Program 3
Expenses: $350,000

AFIPO PROVIDED FINANCIAL SUPPORT FOR SPECIAL PROGRAMS INCLUDING THE ISRAEL PHILHARMONIC'S GUEST ARTISTS PROGRAM WHICH HELPS DEFRAY THE ORCHESTRA'S EXPENSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,993,687
Program Service Revenue $0
Investment Income $287,178
Other Revenue $-32,920
TOTAL REVENUE $3,247,945

Expense Breakdown

Grants Paid $2,452,558
Salaries & Benefits $1,069,520
Fundraising Expenses $993,705
Program Expenses $2,897,496
Other Expenses $745,605
TOTAL EXPENSES $4,267,683

Year-over-Year Comparison

2023 2022 Change
Revenue $3,247,945 $4,038,588 -0.2%
Expenses $4,267,683 $6,501,961 -0.3%
Net Income $-1,019,738 $-2,463,373 -0.6%
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
27
Independent Members
27
Employees
8
Volunteers
34

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
11
$608,381
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary (through 9/23) 0.3
Officer Director
$0 $0 $0
N/A Vice President 0.3
Officer Director
$0 $0 $0
N/A Vice President 0.3
Officer Director
$0 $0 $0
N/A President 3.0
Officer Director
$0 $0 $0
N/A Vice President 0.3
Officer Director
$0 $0 $0
N/A Treasurer (through 9/23) 0.3
Officer Director
$0 $0 $0
N/A Vice President 0.3
Officer Director
$0 $0 $0
N/A Vice President 0.3
Officer Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director (through 9/23) 0.1
Director
$0 $0 $0
N/A Director (through 9/23) 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director (through 9/23) 0.1
Director
$0 $0 $0
N/A Director (through 6/23) 0.3
Director
$0 $0 $0
N/A Director (through 9/23) 0.1
Director
$0 $0 $0
N/A Director (THROUGH 12/23) 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A SECRETARY (AS OF 12/2023) 0.1
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.3
Director
$0 $0 $0
N/A Director 0.1
Director
$0 $0 $0
N/A Chief Financial Officer 40.0
Officer
$239,050 $15,063 $254,113
N/A Executive VP and CEO (through 8/23) 40.0
Officer
$235,435 $6,138 $241,573
N/A Chief Executive Officer (as of 8/23) 40.0
Officer
$112,500 $195 $112,695
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
2024 No data No data No data No data
2023 $3,247,945 $4,267,683 $25,020,592 $-1,019,738
2022 $4,038,588 $6,501,961 $24,227,413 $-2,463,373
2021 $8,529,001 $4,764,061 $30,416,918 $3,764,940
2020 $3,394,526 $3,498,965 $27,447,792 $-104,439
2019 $4,288,044 $4,836,279 $25,517,768 $-548,235
2018 $5,793,257 $5,955,001 $23,694,912 $-161,744
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