Nonprofit · EIN 59-1542539
THE PALM BEACH SYMPHONY SOCIETY INC
Tax-exempt · WEST PALM BCH, FL 33401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $4,256,844 | $4,265,864 | -$9,020 | $3,930,928 | $913,649 | $3,017,279 |
| May 31, 2024 | 990 | $4,218,147 | $3,937,920 | $280,227 | $3,745,527 | $870,722 | $2,874,805 |
| May 31, 2023 | 990 (amended) | $3,454,374 | $3,754,029 | -$299,655 | $2,728,286 | $462,062 | $2,266,224 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $3,068,978
- of which government grants
- $288,565
- Membership dues
- $62,000
- Program service revenue
- $640,201
- Investment income
- $130,509
- Net gain from sales of assets
- $49,466
- Net income from fundraising events
- $381,737
- Other revenue
- $417,156
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $353,368
- Other salaries and wages
- $793,577
- Salaries, compensation and benefits (total)
- $1,340,975
- Professional fundraising fees
- $0
- Legal fees
- $2,087
- Accounting fees
- $60,726
- Occupancy
- $249,661
- Travel
- $39,256
- Program services (functional)
- $3,130,464
- Management and general (functional)
- $379,600
- Fundraising (functional)
- $755,800
Balance sheet and other
- Total assets, start of year
- $3,745,527
- Total assets, end of year
- $3,930,928
- Total liabilities, end of year
- $913,649
- Net assets, end of year
- $3,017,279
- Publicly traded securities
- $2,875,054
- Net assets without donor restrictions
- $2,616,534
- Net assets with donor restrictions
- $400,745
- Gross receipts
- $6,557,207
- Employees
- 12
- Volunteers
- 40
- Year formed
- 1974
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR DAVID MCCLYMONT | CEO Officer | 40 | $347,680 | $33,719 |
| MS OLGA VAZQUEZ | DIRECTOR OF ARTISTIC OPERA Highest-paid employee | 40 | $111,259 | $11,287 |
| MR JAMES BORYNACK | CHAIR Trustee or director, Officer | 30 | $0 | $0 |
| MR RICHARD BREKUS | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| MR JOHN D HERRICK | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| MR DON THOMPSON | SECRETARY Trustee or director | 10 | $0 | $0 |
| MS LAURIE BAY | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS CAROL BAXTER | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS CATHLEEN BLACK | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS NANNETTE CASSIDY | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS AMY COLLINS | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MR TODD DAHLSTROM | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS MARY DEMORY | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS CAROL HAYS | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MR PERCY KAVASMANECK | DIRECTOR Trustee or director | 10 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS MARIETTA M MCNULTY | DIRECTOR Trustee or director | 10 | $0 |
| MS MARTHA RODRIGUEZ MD | DIRECTOR Trustee or director | 10 | $0 |
| MS KAREN ROGERS | DIRECTOR Trustee or director | 10 | $0 |
| MR ADAM WOLEK | DIRECTOR Trustee or director | 10 | $0 |
990 for the year ended May 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR DAVID MCCLYMONT | CEO Officer | 40 | $310,000 | $16,723 |
| MS OLGA VAZQUEZ | DIRECTOR OF ARTISTIC OPERA Highest-paid employee | 40 | $105,994 | $6,743 |
| MR JAMES BORYNACK | CHAIR Trustee or director, Officer | 30 | $0 | $0 |
| MR RICHARD BREKUS | VICE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| MR JOHN D HERRICK | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| MR DON THOMPSON | SECRETARY Trustee or director | 10 | $0 | $0 |
| MR PAUL GOLDNER | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS KAREN ROGERS | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MRGARY LACHMAN6123-42824 | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS CAROL HAYS | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MR TODD DAHLSTROM | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS LAURIE BAY | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS CATHLEEN BLACK | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS MARIETTA M MCNULTY | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS AMY COLLINS | DIRECTOR Trustee or director | 10 | $0 | $0 |
| MS NANNETTE CASSIDY | DIRECTOR Trustee or director | 10 | $0 | $0 |
990 for the year ended May 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR DAVID MCCLYMONT | EXECUTIVE DIRECTOR Officer | 40 | $344,039 |
| MR GERARD SCHWARZ | MAESTRO Key employee | 40 | $222,846 |
| MS OLGA VAZQUEZ | DIRECTOR OF ARTISTIC OPERATIONS Highest-paid employee | 40 | $120,837 |
| MR JAMES BORYNACK | CHAIR Trustee or director, Officer | 30 | $0 |
| MR RICHARD BREKUS | VICE CHAIR Trustee or director, Officer | 10 | $0 |
| MR MANLEY THALER | SECRETARY Trustee or director, Officer | 10 | $0 |
| MR JOHN D HERRICK | TREASURER Trustee or director, Officer | 10 | $0 |
| MR DON THOMPSON | DIRECTOR Trustee or director | 10 | $0 |
| MR PAUL GOLDNER | DIRECTOR Trustee or director | 10 | $0 |
| MS KAREN ROGERS | DIRECTOR Trustee or director | 10 | $0 |
| MR GARY LACHMAN | DIRECTOR Trustee or director | 10 | $0 |
| MS CAROL HAYS | DIRECTOR Trustee or director | 10 | $0 |
| MR TODD DAHLSTROM | DIRECTOR Trustee or director | 10 | $0 |
| MS LAURIE BAY | DIRECTOR Trustee or director | 10 | $0 |
| MS CATHLEEN BLACK | DIRECTOR Trustee or director | 10 | $0 |
| MS MARIETTA M MCNULTY | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 700 S DIXIE HWY STE 100, WEST PALM BCH, FL 33401-5854
- Principal officer (990 for 2024)
- MR JAMES BORYNACK, 165 WORTH AVENUE, PALM BEACH, FL 33480
- Signed the 990
- MR JAMES BORYNACK, CHAIR
- Phone
- (561) 655-2657
- Website
- HTTP://PALMBEACHSYMPHONY.ORG
- Return prepared by
- TEMPLETON & COMPANY LLP
Mission
TO EDUCATE AND TO NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC THROUGH THE UTILIZATION OF ITS SYMPHONIC ORCHESTRA.
Program accomplishments
- UNDER THE VISIONARY LEADERSHIP OF CEO DAVID MCCLYMONT AND THE ARTISTIC EXCELLENCE OF MUSIC DIRECTOR GERARD SCHWARZ, PALM BEACH SYMPHONY EXPERIENCED UNPRECEDENTED GROWTH AND IMPACT IN THE 2024-2025 SEASON. THE SYMPHONY PRESENTED SEVEN SOLD-OUT MASTERWORKS CONCERTS FEATURING AN ORCHESTRA OF MORE THAN 90 WORLD-CLASS MUSICIANS, CEMENTING ITS STATURE AS ONE OF AMERICA'S PREMIER REGIONAL ORCHESTRAS.THIS SEASON, THE SYMPHONY ACHIEVED: 10% INCREASE IN MEMBERSHIPS AND SUBSCRIPTIONS. 12% INCREASE IN INDIVIDUAL CONTRIBUTIONS AND CORPORATE SPONSORSHIPS. RECORD-BREAKING ATTENDANCE AT ALL FUNDRAISING AND CONCERT EVENTS.(CONTINUED IN SCHEDULE O) EXPANDED DONOR BASE BY OVER 500 NEW PATRONS. 30% INCREASE IN INSTRUMENT DONATIONS TO SUPPORT MUSIC EDUCATION.PALM BEACH SYMPHONY'S 2024-2025 EDUCATION AND OUTREACH EFFORTS, LED THROUGH THE PAUL AND SANDRA GOLDNER CONSERVATORY OF MUSIC, REACHED THOUSANDS ACROSS PALM BEACH COUNTY WITH A BLEND OF PERFORMANCES, RESIDENCIES, AND COMMUNITY PROGRAMS. THE TODD BARRON INSTRUMENT DONATION PROGRAM PROVIDED 218 INSTRUMENTS AND 1,231 ACCESSORIES THIS SEASON, BRINGING THE TOTAL TO 898 INSTRUMENTS AND 2,629 ACCESSORIES SINCE 2016. SEVEN TITLE I SCHOOLS HOSTED ARTISTS-IN-RESIDENCE FOR 363 CONTACT HOURS, 183 COACHINGS, AND 64 CLASSES, REACHING 541 STUDENTS ON A CONTINUOUS BASIS. THE SYMPHONY DELIVERED FIVE IN-SCHOOL CONCERTS, THREE STEAM SESSIONS, AND NUMEROUS PRE-CONCERT LOBBY PERFORMANCES IN PARTNERSHIP WITH SCHOOLS AND ARTS ORGANIZATIONS. THE DALE A. MCNULTY CHILDREN'S CONCERT SERIES PREMIERED CINDERELLA AND THE ORCHESTRA, ENGAGING 3,369 ATTENDEES AND DISTRIBUTING CURRICULUM GUIDES TO 500 SCHOOLS, IMPACTING OVER 200,000 STUDENTS. COMPLIMENTARY AND DISCOUNTED TICKETS PROVIDED ACCESS FOR 2,289 STUDENTS, EDUCATORS, AND FAMILIES, WHILE MASTERCLASSES, SPECIAL CLINICS, AND OPEN REHEARSALS OFFERED DIRECT LEARNING OPPORTUNITIES WITH RENOWNED ARTISTS. OUTREACH PROGRAMS ALSO INCLUDED 88 COMMUNITY EVENTS, 217 SPECIALIZED COACHING SESSIONS, 477 INSTRUCTIONAL HOURS, AND INITIATIVES LIKE NURTURING NOTES, WHICH BROUGHT LIVE MUSIC INTO HOSPITALS.PALM BEACH SYMPHONY'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS REACHED MORE PEOPLE THAN EVER BEFORE. INITIATIVES INCLUDED YEARLONG RESIDENCIES IN TITLE I SCHOOLS, OVER 100 IN-SCHOOL PERFORMANCES AND WORKSHOPS, STUDENT COACHING SESSIONS WITH PROFESSIONAL MUSICIANS, INSTRUMENT DISTRIBUTION TO UNDERSERVED STUDENTS, AND PUBLIC MASTERCLASSES WITH NATIONALLY RECOGNIZED ARTISTS.THE SYMPHONY'S COMMITMENT TO ACCESSIBILITY WAS UNDERSCORED BY FREE PUBLIC CONCERTS IN PARKS, CULTURAL CENTERS, AND COMMUNITY SPACES IMPACTING OVER 20,000 RESIDENTS WHO MIGHT NOT OTHERWISE EXPERIENCE LIVE SYMPHONIC MUSIC.THROUGH THIS BLEND OF ARTISTIC EXCELLENCE, MEASURABLE GROWTH, AND DEEP COMMUNITY ENGAGEMENT, PALM BEACH SYMPHONY CONTINUES TO SERVE AS A CULTURAL ANCHOR FOR THE REGION WHILE INSPIRING THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS.Expenses $3,130,464 · revenue $675,620
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1542539
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A690)
- Assets (IRS master file)
- $3,930,928
- Income (IRS master file)
- $6,557,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $4,256,844 | $4,265,864 | $3,930,928 | XML |
| 990 | May 2024 | $4,218,147 | $3,937,920 | $3,745,527 | XML |
| 990 | May 2023 | $3,556,955 | $3,770,399 | $2,728,286 | XML |
| 990 | May 2022 | $3,215,175 | $2,872,593 | $3,120,506 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1542539).
Questions about THE PALM BEACH SYMPHONY SOCIETY INC
- What is the EIN of THE PALM BEACH SYMPHONY SOCIETY INC?
- The employer identification number (EIN) of THE PALM BEACH SYMPHONY SOCIETY INC is 59-1542539.
- Is THE PALM BEACH SYMPHONY SOCIETY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to THE PALM BEACH SYMPHONY SOCIETY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PALM BEACH SYMPHONY SOCIETY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE PALM BEACH SYMPHONY SOCIETY INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PALM BEACH SYMPHONY SOCIETY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of THE PALM BEACH SYMPHONY SOCIETY INC?
- The 990 for the year ended May 31, 2025 names MR JAMES BORYNACK.
- Who are the officers and directors of THE PALM BEACH SYMPHONY SOCIETY INC?
- The 990 for the year ended May 31, 2025 lists 19 people; 2 received compensation from the organization, the highest $347,680 (MR DAVID MCCLYMONT, CEO).
- How much revenue does THE PALM BEACH SYMPHONY SOCIETY INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $4,256,844, expenses of $4,265,864 and total assets of $3,930,928 at year end.
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