Current:Home > InvestVan Zweden earned $1.5M as New York Philharmonic music director in 2022-23 -Summit Capital Strategies
Van Zweden earned $1.5M as New York Philharmonic music director in 2022-23
TrendPulse View
Date:2025-04-06 13:56:11
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! (689)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Blocked from a horizontal route, rescuers will dig vertically to reach 41 trapped in India tunnel
- Ousted OpenAI leader Sam Altman joins Microsoft
- Suki Waterhouse Is Pregnant, Expecting First Baby With Boyfriend Robert Pattinson
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Mariah Carey's Holiday Tour Merch Is All We Want for Christmas
- Pope Francis: Climate Activist?
- Who pulled the trigger? Questions raised after Georgia police officer says his wife fatally shot herself
- The White House is cracking down on overdraft fees
- NFL Pick 6 record: Cowboys' DaRon Bland ties mark, nears NFL history
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Suki Waterhouse Is Pregnant, Expecting First Baby With Boyfriend Robert Pattinson
- No more Thanksgiving ‘food orgy’? New obesity medications change how users think of holiday meals
- Carlton Pearson, founder of Oklahoma megachurch who supported gay rights, dies at age 70
- See you latte: Starbucks plans to cut 30% of its menu
- Moviegoers feast on 'The Hunger Games' prequel, the weekend's big winner: No. 1 and $44M
- A$AP Rocky will soon learn if he’s going to trial for charges of shooting at former friend
- 2024 NFL draft first-round order: Carolina Panthers continue to do Chicago Bears a favor
Recommendation
South Korean president's party divided over defiant martial law speech
Israel says second hostage Noa Marciano found dead near Gaza's Al-Shifa Hospital
5 workers killed, 3 injured in central Mexico after 50-foot tall scaffolding tower collapse
College football Week 12 grades: Auburn shells out big-time bucks to get its butt kicked
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Univision cozies up to Trump, proving the Latino vote is very much in play in 2024
Justin Fields runs for 104 yards and passes for 169 in his return. Bears lose to Lions 31-26
BaubleBar’s Black Friday Sale Is Finally Here—Save 30% Off Sitewide and Other Unbelievable Jewelry Deals