ACADEMY OF MUSIC OF PHILADELPHIA INC
One South Broad Street 14th Floor, Philadelphia, PA 19107 www.academyofmusic.org

Total Revenue
$1,303,334
Total Expenses
$3,417,624
Net Assets
$32,799,227

Organizations Filed Purposes: TO RAISE FUNDS THROUGH THE RESTORATION AND PRESERVATION FUND TO RESTORE AND MAINTAIN THE 162 YEAR OLD ACADEMY OF MUSIC, THE OLDEST KNOWN CONTINUOUSLY USED OPERA HOUSE IN THE U.S.

THE ORGANIZATION'S PRIMARY PROGRAM SERVICE ACTIVITY IS TO RAISE FUNDS FOR THE RESTORATION OF THE ACADEMY OF MUSIC BUILDING THROUGH SPECIAL EVENTS AND A CAPITAL CAMPAIGN PROGRAM. COMBINED PROCEEDS FROM THE ANNUAL ANNIVERSARY CONCERT AND BALL AND THE ANNUAL GIVING CAMPAIGN ARE USED TO FUND NUMEROUS RESTORATION PROJECTS AS APPROVED BY THE ACADEMY BOARD. THE ACADEMY OF MUSIC BUILDING HAS BEEN DESIGNATED AS A NATIONAL HISTORIC LANDMARK AND THEREFORE ITS UPKEEP AND MAINTENANCE IS THE ORGANIZATION'S PRIMARY CONCERN. FOR THE YEAR ENDED AUGUST 31, 2019, THE RESTORATION PROJECTS INCLUDED VARIOUS REPAIRS TO THE FAADE OF THE BUILDING IN ADDITION TO ELECTRICAL REPAIRS, REPLACEMENT OF THE COOLING TOWER AND RENOVATION OF THE RIGGERS LOUNGE. THESE PROGRAM SERVICE ACTIVITY EXPENDITURES ARE REPORTED AS PART OF FIXED ASSETS IN SCHEDULE D, PART VI.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Allison Vulgamoreformer officer (end Dec '17)0$0
Matthew Lodenformer officer (end June '18)0$0
James P BrandauBoard Member2$0
Bruce G LetoBoard Member2$0
John H McfaddenBoard Member2$0
Scott S JohnsonBoard Member2$0
Linda Fynes SiegfriedBoard Member2$0
R Anderson PewBoard Member2$0
John R SalerBoard Member2$0
Teresa C KennyBoard Member2$0
Anne F HamiltonBoard Member2$0
Harry Edward Hill IiiBoard Member2$0
Richard B WorleyBoard Member (CHAIR - POA)10$0
Matias TarnopolskyBD Member (President - POA)10$0
Mario MestichelliBD Member/Treasurer (CFO-POA)10$0
Ryan FleurSecretary (Exec-Dir POA)10$0
Adele K SchafferChairman Emeritus2$0
Caroline B RogersChair10$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202031929349301828_public.xml