Current:Home > InvestVan Zweden earned $1.5M as New York Philharmonic music director in 2022-23 -Edge Finance Strategies
Van Zweden earned $1.5M as New York Philharmonic music director in 2022-23
View
Date:2025-04-19 21:24:12
NEW YORK (AP) — Music director Jaap van Zweden earned just over $1.5 million from the New York Philharmonic in the fiscal year ending Aug. 31, 2023, and Deborah Borda received slightly more than $1.7 million in her final season as CEO.
The Philharmonic released its 2022 tax return Wednesday, covering its first season back at David Geffen Hall following a $550 million renovation.
Ticket revenue rebounded to $29.76 million from $11.18 million in the prior fiscal year, when the orchestra presented a shortened schedule at several venues around New York City. The COVID-19 pandemic and the Philharmonic’s move away from Lincoln Center during reconstruction were factors in the shift in revenue.
In its annual report, the orchestra said it received $45.3 million in contributions for the construction project during 2022-23, down from $68.8 million in 2021-22. A $53.7 million liability is listed for Geffen Hall bridge funding.
Van Zweden’s Bajada Productions was paid $1,525,711 in a period that covered his next-to-last season as music director, an increase from $1,128,266 in 2021-22. Gustavo Dudamel becomes music director in 2026-27 and will serve as music director designate in 2025-26.
Borda earned $1,317,344 in base compensation and a $400,000 bonus.
Gary Ginstling earned $117,262 in salary and a $55,000 bonus during the fiscal year, when he served as executive director from November through June before succeeding Borda on July 1, 2023. Ginstling surprisingly resigned this summer, when Borda returned to lead a transition team.
Concertmaster Frank Huang earned $361,713 in salary plus $548,139 in bonuses, which account for restored pay from during the pandemic.
Other musicians listed included principal trumpet Christopher Martin ($255,858 pay and $326,511 bonus), principal cello Carter Brey ($261,040 plus $328,319), principal oboe Liang Wang ($253,524 plus $326,520) and principal clarinet Anthony McGill ($394,715).
veryGood! (3434)
Related
- Trump's 'stop
- Donald Trump’s lawyers fight DA’s request for a gag order in his hush-money criminal case
- Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
- Top Israeli cabinet official meets with U.S. leaders in Washington despite Netanyahu's opposition
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Former Twitter executives sue Elon Musk for more than $128 million in severance
- Californians to vote on measure governor says he needs to tackle homelessness crisis
- Regulator proposes capping credit card late fees at $8, latest in Biden campaign against ‘junk fees’
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Teen Mom's Jenelle Evans and Husband David Eason Break Up After 6 Years of Marriage
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Inflation defined: What is it, what causes it, and what is hyperinflation?
- E! News Names Keltie Knight New Co-Host
- Landon Barker Shares He Has Tourette Syndrome
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- New Broadway musical Suffs shines a spotlight on the women's suffrage movement
- War in Gaza and settler violence are taking a toll on mental health in the West Bank
- GM recalls nearly 820,000 Sierra, Silverado pickup trucks over tailgate safety issue
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
The 2024 Oscars' best original song nominees, cruelly ranked
The Daily Money: Trump takes aim at DEI
Coast-to-coast Super Tuesday contests poised to move Biden and Trump closer to November rematch
DoorDash steps up driver ID checks after traffic safety complaints
Bitcoin bounces to an all-time high less than two years after FTX scandal clobbered crypto
A record on the high seas: Cole Brauer to be first US woman to sail solo around the world
EAGLEEYE COIN: Cryptocurrency Market Historical Bull Market Review