New World Symphony
New World Symphony reported $21.5 million in revenue and $26.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.60 went to program services, $9.86 to management and general costs and $11.54 to fundraising. Its largest source of revenue was contributions and grants: 75.9% of the total. Government grants made up 29.0%. The highest compensation it reported for one person was $482,709 (PRESIDENT & CEO). 19 people received more than $100,000 in reportable compensation. Revenue fell 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $26MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21M- Contributions & grants (non-government)$44.89 $10M
- Government grants$27.79 $6.2M
- Program service revenue$8.12 $1.8M
- Investment income$19.20 $4.3M
Other revenue was negative: −$953K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.19 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 75.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 29.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $482,709 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.84% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 19 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 132.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 34 of 34 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe fellowship programthrough a wide range of performance and instructional activities, the nws fellowship program seeks to provide time and space for emerging musician leaders to prepare for long and successful careers. This is accomplished with a curriculum that is structured into three experiential pillars: performance and musicianship, audience and community engagement, and leadership and entrepreneurship. Each year, more than 120 visiting artists and coaches work with nws fellows, offering master classes and private lessons as well as instruction in audition preparation, performance…
Leadership developmentthrough its leadership training, nws is equipping fellows with the experience and skills to design programs, media, or products to engage community and audience members with classical music. Nws blue projects (build, learn, understand, experiment) combine nws's leadership and entrepreneurship curriculum with hands-on experimentation, allowing all fellows and several alumni an opportunity to explore passion projects that are relevant to their goals as classical musicians while developing a comprehensive skill that complements their artistic and orchestral training. Each…
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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 60.00 hrs/week | $456,594 | $0 | $26,115 | $482,709 |
| EVP, INSTITUTIONAL ADVANCE Key employee, 40.00 hrs/week | $250,726 | $0 | $25,762 | $276,488 |
| PLANNING & PROGRAMS - UNTIL 01/25 Highest compensated employee, 40.00 hrs/week | $204,985 | $0 | $31,023 | $236,008 |
| SVP AND CFO Officer, 40.00 hrs/week | $214,491 | $0 | $21,354 | $235,845 |
| MANAGING DIRECTOR, ALTON PONTE LLC Key employee, 40.00 hrs/week | $206,080 | $0 | $24,935 | $231,015 |
| VP AND CREATIVE DIRECTOR Highest compensated employee, 40.00 hrs/week | $209,646 | $0 | $16,094 | $225,740 |
| MUSICIAN ADV. AND DEAN - UNTIL 12/24 Key employee, 40.00 hrs/week | $173,304 | $0 | $46,878 | $220,182 |
| SVP, INST'L CULTURE & INCLUSION Highest compensated employee, 40.00 hrs/week | $166,835 | $0 | $17,813 | $184,648 |
19 people received more than $100,000 in reportable compensation from New World Symphony (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b34 · 34 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5112
- Volunteers Part I, line 648
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| THIERRY'S CATERING Catering | $516,815 |
| SOLOTECH SALES & INTEGRATION USA INC Audiovisual & entertainment tech. | $467,681 |
| ENVISION SALES INC Design build agency | $331,920 |
| MIAMI MILLENNIUM CLEANING SERVICES Cleaning services | $329,587 |
| STEPHANE DENEVE Artistic director | $315,000 |
Individuals listed as contractors are left out. 16 contractors were paid more than $100,000 in all.
Private foundation grants it received
45 private foundations reported grants to New World Symphony totaling $11M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New World Symphony's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New World Symphony, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New World Symphony spent in FY2025, $78.60 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Landmark Christian SchoolFairburn, GA · revenue $21M · programs 76.8% · FY2025
- Chimes International LimitedBaltimore, MD · revenue $21M · programs 0.0% · FY2025
- Journalism Development NetworkWashington, DC · revenue $21M · programs 92.1% · 2024
- Notre Dame de Namur UniversityBelmont, CA · revenue $21M · programs 70.3% · FY2025
- Cape Fear Community College FoundationWilmington, NC · revenue $21M · programs 97.0% · FY2025
Questions people ask
How much of New World Symphony's spending goes to programs?
In the fiscal year ending June 30, 2025, New World Symphony reported that 78.6% of its $26.2 million in expenses went to program services, 9.9% to management and general and 11.5% to fundraising (Form 990, Part IX).
How much does New World Symphony pay its top executive?
The largest total compensation New World Symphony reported for one person in the fiscal year ending June 30, 2025 was $482,709, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New World Symphony get its money?
Of $21.5 million in revenue in the fiscal year ending June 30, 2025, 75.9% came from contributions and grants (including 29.0% from government grants) and 8.5% from program service revenue (Form 990, Part VIII).
Is New World Symphony a registered charity?
The IRS lists EIN 59-2809056 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620919349300442 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500909349300720 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440639349300504 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300679349300900 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123579349300322 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043359349300774 · read the filing
All filings for EIN 59-2809056: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.