2024-07-15T10:52:08+00:00 2023-08-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-09-01 350998627 INDIANA SYMPHONY SOCIETY INC INDI 3172621100 32 EAST WASHINGTON STREET 600 INDIANAPOLIS IN 462042919 James M Johnson CEO 3172621100 2024-07-15 true JENNIFER JANIK 999009999 true Jennifer Burke P01342224 3128997000 2022 2023-04-26 12:10:37Z James M Johnson 32 EAST WASHINGTON STREET 600 INDIANAPOLIS IN 462042919 24113990 false X WWW.INDIANAPOLISSYMPHONY.ORG X 1937 IN TO INSPIRE, ENTERTAIN, EDUCATE AND CHALLENGE THROUGH INNOVATIVE PROGRAMS AND SYMPHONIC MUSIC PERFORMED AT THE HIGHEST ARTISTIC LEVEL. 34 34 509 247 65475 0 15455965 13990599 7219691 9057076 -53827 44627 18018 -6374 22639847 23085928 0 0 0 13188244 14151095 97257 0 1472150 10858166 10931242 24143667 25082337 -1503820 -1996409 10989089 12835394 6698863 9613984 4290226 3221410 TO INSPIRE, ENTERTAIN, EDUCATE AND CHALLENGE THROUGH INNOVATIVE PROGRAMS AND SYMPHONIC MUSIC PERFORMED AT THE HIGHEST ARTISTIC LEVEL. false false 20976562 0 9591776 THE INDIANAPOLIS SYMPHONY ORCHESTRA IS THE LARGEST PERFORMING ARTS ORGANIZATION IN THE STATE OF INDIANA, PERFORMING A YEAR-ROUND SCHEDULE OF CONCERTS AND EDUCATION PROGRAMS. EACH SEASON, THE INDIANAPOLIS SYMPHONY ORCHESTRA PRESENTS A WIDE REPERTOIRE OF ORCHESTRAL MUSIC, INCLUDING COMMISSIONS OF NEW MUSIC, BOTH CLASSICAL AND POPS. CONCERTS INCLUDE PROGRAMS OF CLASSICAL MUSIC, SYMPHONIC POPS PERFORMANCES, FAMILY ORIENTED PROGRAMS, HOLIDAY PROGRAMS, UNCHARTED, THE OUTDOOR SUMMER SERIES AND MANY MORE. THE INDIANAPOLIS SYMPHONY ORCHESTRA IS DEDICATED TO LEADING THE FIELD IN MUSIC EDUCATION. SYMPHONY MUSICIANS AND STAFF CREATE PIONEERING LEARNING OPPORTUNITIES FOR PARTICIPANTS THROUGHOUT THE STATE THROUGH A VARIETY OF PROJECTS WHICH IMPACT STUDENTS AND ADULTS IN THE INDIANAPOLIS SYMPHONY ORCHESTRA'S LEARNING COMMUNITY. THE METROPOLITAN YOUTH ORCHESTRA WHICH IS A YOUTH AND FAMILY DEVELOPMENT PROGRAM OF THE LEARNING COMMUNITY USES THE LIFE SKILLS LEARNED IN MUSIC INSTRUCTION TO ENGAGE YOUTH IN ACTIVITIES THAT DISCOURAGE AT-RISK BEHAVIORS AND KEEP THEM COMMITTED TO STAYING IN SCHOOL. THE HISTORIC HILBERT CIRCLE THEATRE ON MONUMENT CIRCLE IN DOWNTOWN INDIANAPOLIS IS HOME TO THE INDIANAPOLIS SYMPHONY ORCHESTRA AND IS OWNED BY THE ORANGIZATION'S FOUNDATION. OUTSIDE THE THEATRE, THE INDIANAPOLIS SYMPHONY CAN BE HEARD LIVE IN SEVERAL INDIANA COMMUNITIES. AS A LEADING MEMBER OF THE ARTS COMMUNITY IN INDIANAPOLIS, THE INDIANAPOLIS SYMPHONY ORCHESTRA COLLABORATES ON A REGULAR BASIS WITH OTHER ARTS COMPANIES INCLUDING DANCE KALEIDOSCOPE, THE INTERNATIONAL VIOLIN COMPETITION OF INDIANAPOLIS, AND THE AMERICAN PIANIISTS ASSOCIATION. 20976562 true true false false false false false false true true false false true true true true false false false false false false false true false false false false true false false false false false false false false true false false false false true false false false true 210 0 true 509 true true true false false false false true true false false false false false false X 34 34 true false false false false true false true true false false true true true true true true true false false IN X Jennifer Janik 3172621100 32 EAST WASHINGTON STREET NO 600 INDIANAPOLIS IN 462042919 Christina Bodurow PHD Secretary 2.0 X X 0 0 0 Greg Loewen Chair 2.0 X X 0 0 0 Peter W Howard PHD Treasurer 2.0 X X 0 0 0 Phil Kenney Vice Chair 2.0 X X 0 0 0 Alice K Schloss Director 2.0 X 0 0 0 Brian Smith Director 2.0 X 0 0 0 Bruce McCaw Director 2.0 X 0 0 0 Bryan Brenner Director (Thru 11/2022) 2.0 X 0 0 0 C Daniel Yates Director 2.0 X 0 0 0 Cheryl J Dick Director 2.0 X 0 0 0 Christopher Slapak MD Director 2.0 X 0 0 0 Craig Fenneman Director 2.0 X 0 0 0 David Wilcox Director 2.0 X 0 0 0 Diane Evans Director (Thru 1/2023) 2.0 X 0 0 0 Eloise Paul Director 2.0 X 0 0 0 Eric Sutphin Director (Began 01/2023) 2.0 X 0 0 0 Fred Winters Director 2.0 X 0 0 0 J Albert Smith Jr Director 2.0 X 0 0 0 Jackie Nytes Director 2.0 X 0 0 0 James C Zink Sr Director 2.0 X 0 0 0 Jan Pierce Director 2.0 X 0 0 0 John Bratt Director (Thru 01/2023) 2.0 X 0 0 0 Karen Ann P Lloyd Director 2.0 X 0 0 0 Karen H Mersereau Director 2.0 X 0 0 0 Kiamesha Colom Director 2.0 X 0 0 0 LaTonya Turner PhD Director 2.0 X 0 0 0 Liz Kyzr Director 2.0 X 0 0 0 Lucia J Mar Director 2.0 X 0 0 0 Marianne Williams Tobias Director (Thru 07/2023) 2.0 X 0 0 0 Michael Becher Director 2.0 X 0 0 0 Natalie Furney Director 2.0 X 0 0 0 Peter A Morse Jr Director 2.0 X 0 0 0 Ralph V Wihelm Director (Thru 10/2022) 2.0 X 0 0 0 Robert J Goulet MD Director (Thru 04/2023) 2.0 X 0 0 0 Sarah Studzinski Director (Thru 08/2023) 2.0 X 0 0 0 Sean L Huddleston PhD Director 2.0 X 0 0 0 Steven Rake Director 2.0 X 0 0 0 Terry Snell Director 2.0 X 0 0 0 Yecenia Tostado Director 2.0 X 0 0 0 Yvonne H Shaheen Director 2.0 X 0 0 0 James M Johnson CEO 37.5 X 255817 0 38379 Jennifer Janik CFO 37.5 X 141309 0 22589 Jack Everly Pops Conductor 37.5 X 246862 0 13420 Bennett Crantford Musician & Asst. Orchestra Personnel Manager 37.5 X 135222 0 13260 Christopher Williams Stage Manager 37.5 X 126891 0 36539 Ed Parsons VP of Artistic 37.5 X 144166 0 28750 Kevin Lin Concertmaster 37.5 X 240223 0 24382 Stephanie Hays Hussoni VP of Development 37.5 X 150034 0 6546 1440524 0 183865 15 false true false Opus 3 Artists LLC 470 Park Avenue South 9th Floor New York NY 10016 Artist Agency 194959 Printing Partners Inc 929 W 16th Street Indianapolis IN 46202 Printing Services 174945 Mid-America Sound Corporation 6643 West 400 North Greenfield IN 46140 Audio and Lighting Services 149469 Jonas Productions Inc 8606 North 700 West Fountaintown IN 46130 Audio Services 119767 WME Entertainment LLC 9601 Wilshire Blvd 3rd Floor Beverly Hills CA 90210 Artist Agency 108187 7 313095 6290436 145220 7241848 162531 13990599 TICKET SALES & FEES INCOME 900099 9057076 9057076 0 0 0 0 9057076 44627 44627 112135 515814 -403679 0 -403679 -403679 0 0 76564 313095 280619 -204055 -204055 1235 50 1185 1185 637354 231579 405775 405775 MISCELLANEOUS INCOME 900099 78925 78925 Program Advertising 541800 65475 65475 FOUNDATION SERVICE FEE 900099 50000 50000 0 0 0 0 194400 23085928 9591776 65475 -561922 654628 344912 309716 10263685 8975898 551730 736057 790961 439387 189585 161989 1637285 1425728 114081 97476 804536 675579 69539 59418 101024 101024 75289 75289 708073 480566 102782 124725 773848 773848 1494509 642977 770356 81176 76401 76401 1891422 1798446 46488 46488 15256 12460 2796 23691 14096 6820 2775 412949 394911 9019 9019 176521 28540 147981 GENERAL PRODUCTION 1681719 1681719 GUEST ARTISTS 2099019 2099019 CONCERT FRONT OF HOUSE 310237 310237 HOSPITALITY 317853 303248 14605 773431 498590 124610 150231 25082337 20976562 2633625 1472150 5479037 863247 39420 3034451 2690183 2740683 103749 414382 0 0 0 0 0 282692 11634 9003 895218 735767 10034140 8388735 1715281 1645405 0 0 0 0 0 0 54567 3109764 10989089 12835394 1827717 1447045 0 0 2755832 3211643 0 0 0 0 0 0 0 0 0 0 2115314 4955296 6698863 9613984 X 1571880 -232552 2718346 3453962 0 0 0 0 0 0 4290226 3221410 10989089 12835394 X -1996409 927593 X false true X true false X 15062869 13408231 24354181 15455965 13990599 82271845 0 0 15062869 13408231 24354181 15455965 13990599 82271845 37577685 44694160 282139 186579 188086 202408 156762 1015974 144707 110633 0 54507 65475 375322 0 23629 14480 33856 128925 200890 83864031 35982525 0.5329 0.5441 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 0.0, COLUMN B - 23629.0, COLUMN C - 14480.0, COLUMN D - 33856.0, COLUMN E - 78925.0, COLUMN F - 150890.0; DESCRIPTION - FOUNDATION SERVICE FEE, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 50000.0, COLUMN F - 50000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41171033 1000 430861 607346 40995548 41370958 1550 422930 624405 41171033 37571663 55997 3743298 0 41370958 36728701 501000 848185 506223 37571663 36437597 501000 282415 492311 36728701 0.0 0.823 0.177 false true true 4608328 3530192 1078136 5425812 4858543 567269 1645405 Right of Use Asset 3103442 OTHER ASSETS 6322 3109764 OTHER LIABILITIES 89179 PENSION LIABILITY 1283670 GIFT CERTIFICATES 319447 Lease Liability 3263000 4955296 X 23882411 0 0 23882411 -796483 -796483 23085928 24951227 796483 796483 24154744 927593 927593 25082337 Schedule D, Part V, Line 4 Intended uses of endowment funds TO SUPPORT THE INDIANA SYMPHONY SOCIETY, INC. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Society is exempt from federal and state income taxes on related income under Section 501(c)(3) of the United States Internal Revenue Code and similar state law. The exemption is on all income except unrelated business income as noted under Section 511 of the Internal Revenue Code. Internal Revenue Code Section 513(a) defines an unrelated trade or business of an exempt organization as any trade or business which is not substantially related to the exercise or performance of its exempt purpose. The Society's net advertising income is considered unrelated business income. The Society's related advertising expenses offset related income and no tax was paid during 2023 and 2022. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Society and recognize a tax liability if the Society has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the Society, and has concluded that as of August 31, 2023 and 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The Society is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Society has filed its federal and state income tax returns for periods through August 31, 2022. These income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions). Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Fundraising and Gaming Expenses - -280669 Tenant Expenses - -515814 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising and Gaming Expenses - 280669 Tenant Expenses - 515814 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Pension Liability Adjustment - 927593 Gala 238517 180780 57737 3124 50485 27933 78204 Bocelli 84851 66024 18827 20564 68913 1 66291 66291 0 13613 17783 389659 313095 76564 3124 84662 27933 164900 280619 -204055 X X false false false false false false false false false James M Johnson CEO 254360 0 0 0 1457 0 7312 0 31067 0 294196 0 0 0 Jennifer Janik CFO 136099 0 0 0 5210 0 4549 0 18040 0 163898 0 0 0 Jack Everly Pops Conductor 242074 0 0 0 4788 0 2931 0 10489 0 260282 0 0 0 Kevin Lin Concertmaster 238110 0 2077 0 36 0 7269 0 17113 0 264605 0 0 0 Stephanie Hays Hussoni VP of Development 149719 0 0 0 315 0 4552 0 1994 0 156580 0 0 0 Ed Parsons VP of Artistic 143956 0 0 0 210 0 4462 0 24288 0 172916 0 0 0 Christopher Williams Stage Manager 126801 0 0 0 90 0 4019 0 32520 0 163430 0 0 0 X 1 Cost X 18 96371 Other - Selling Price X Printing 2 42715 Cost X Beverages 7 7874 Cost X Instruments 4 3250 Cost X IT Equipment 1 5780 Cost X Food 1 840 Cost X cough drops 1 1200 Cost X Signage 1 4500 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of Contributions Other - Printing Number of Contributions Other - Beverages Number of Contributions Other - Instruments Number of Contributions Books and publications - Number of Contributions Other - IT Equipment number of contributions Other - Food number of contributions Other - cough drops number of contributions Other - Signage number of contributions Form 990, Part VI, Line 2 SECTION A, LINE 2 AS PART OF THE CONFLICT OF INTEREST PROCESS, BOARD MEMBERS AND MANAGEMENT EMPLOYEES ARE ASKED TO DISCLOSE ANY DIRECT BUSINESS RELATIONSHIPS. THESE RELATIONSHIPS ARE REVIEWED TO ENSURE THAT ADEQUATE APPROVALS ARE SECURED FOR BUSINESS RELATIONSHIPS WITH THE ORGANIZATION, AND THAT BUSINESS RELATIONSHIPS BETWEEN BOARD MEMBERS DO NOT IMPACT THE GOVERNANCE STRUCTURE OF THE ORGANIZATION. Form 990, Part VI, Line 8b Executive committee The Society has an executive committee with the authority to act on behalf of the governing body. Form 990, Part VI, Line 15b Other Officer Compensation Compensation for the Executive Leadership Team is determined by the CEO based on performance, scope and responsibilities of the job, as well as comparison to comparable positions from the League of American Orchestras annual survey, at the time of hire. this process is not documented. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Philip Kenney - Business relationship, Karen Ann Lloyd - Business relationship, Greg Loewen - Business relationship, Lucia Mar - Business relationship, Steven Rake - Business relationship, David Wilcox - Business relationship, James C. Zink - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body INDIVIDUAL MEMBERS ARE THOSE WHO DONATE TO THE INDIANA SYMPHONY SOCIETY, INC. (SOCIETY) PER YEAR $100 OR MORE, AND CORPORATE MEMBERS ARE THOSE WHO DONATE TO THE SOCIETY PER YEAR $250 OR MORE. EVERY INDIVIDUAL MEMBER DONATING TO THE SOCIETY $500 OR MORE AND CORPORATE MEMBERS DONATING TO THE SOCIETY $1,000 OR MORE TO THE ANNUAL OPERATING FUND OF THE SOCIETY SHALL HAVE THE RIGHT AT THE ANNUAL MEETING OR SPECIAL MEETINGS OF THE MEMBERS OF THE SOCIEY TO ONE (1) VOTE FOR EACH MEMBERSHIP STANDING IN THAT NAME ON THE BOOKS OF THE SOCIETY. MEMBER ELECTED DIRECTORS ARE ELECTED BY THE VOTING MEMBERS OF THE SOCIETY AT THE ANNUAL MEETING OF THE SOCIETY. CANDIDATES FOR ELECTION AS MEMBER ELECTED DIRECTORS AT THE ANNUAL MEETING OF THE MEMBERS OF THE SOCIETY SHALL BE NOMINATED BY A BOARD AFFAIRS COMMITTEE OF THE BOARD. ANY GROUP OF FIVE (5) OR MORE VOTING MEMBERS OF THE SOCIETY MAY ALSO NOMINATE CANDIDATES FOR THE BOARD. Form 990, Part VI, Line 11b Review of form 990 by governing body THE SOCIETY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS ELECTRONICALLY PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND MANAGEMENT WITH SPENDING AUTHORITY. IN ADDITION, EACH PERSON IS REQUIRED TO SIGN AND RETURN A FORM INDICATING THEY HAVE READ THE POLICY AND DISCLOSED ANY CONFLICTS OF INTEREST. ALL CONFLICTS ARE FIRST BROUGHT TO THE AUDIT CHAIR FOR REVIEW, THEN TO THE COMMITTEE WHERE NECESSARY ACTION WILL BE DECIDED IF THE CONFLICT IS DEEMED TO BE MATERIAL. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR THE CEO AND IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF THE INDIANAPOLIS SYMPHONY ORCHESTRA and the executive leadership team. This process is performed and documented on an annual basis. Form 990, Part VI, Line 19 Required documents available to the public The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The return is available on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, Form 990, and by-laws are also available upon written request or by calling the organization directly. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Pension Liability Adjustment - 927593; INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION INC 32 EAST WASHINGTON ST NO 600 INDIANAPOLIS IN 46204 351812636 FINANCIAL SUPPORT OF INDIANA SYMPHONY SOCIETY IN 501(c)(3) 11 NA false false false true true true false false false false false true true false true true true true true true