2023-03-03T14:35:24-06:00 2022-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2021-07-01 840511458 COLORADO SYMPHONY ASSOCIATION COLO 3036237876 1000 14TH STREET 15 DENVER CO 802022333 COREEN MILLER CHIEF FINANCIAL OFFICER 3036237876 2023-02-28 1 COREEN MILLER XXX-XX-XXXX KYLE FRITCH CPA P01313374 9702238825 2023-02-28 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z COREEN MILLER 1000 14TH STREET 15 DENVER CO 802022333 18998298 0 X WWW.COLORADOSYMPHONY.ORG X 1989 CO PERFORMANCE OF SYMPHONIC CONCERTS. 41 30 271 240 0 0 9047920 11792999 876066 5795816 2786 22427 1541554 1104626 11468326 18715868 0 0 0 0 7530868 11754593 0 0 417277 1221346 5606403 8752214 17360996 2716112 1354872 12890056 12961781 3729594 3103122 9160462 9858659 X THE COLORADO SYMPHONY ASSOCIATION (CSA) IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO FUND AND OPERATE THE COLORADO SYMPHONY ORCHESTRA FOR THE ENJOYMENT AND BENEFIT OF THE CITIZENS OF METROPOLITAN DENVER AND (CONT'D ON SCHEDULE O)(CONT'D) THE GREATER COLORADO AND ROCKY MOUNTAIN REGIONS. THE COLORADO SYMPHONY ORCHESTRA PERFORMS MORE THAN 100 CLASSICAL, POPS AND FAMILY CONCERTS EACH YEAR; SHOWCASING MANY OF THE WORLD'S FINEST MUSICIANS, CONDUCTORS, AND ENTERTAINERS. 0 0 13977551 5795816 THE COLORADO SYMPHONY ASSOCIATION PERFORMS CONCERTS NORMALLY BENEFITING OVER 250,000 PATRONS FROM THE DENVER AND TRI-STATE AREAS AND PROVIDES A PERFORMANCE PLATFORM TO WORLD-CLASS MUSICIANS. 13977551 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 89 0 1 271 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 41 30 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X COREEN MILLER 3033082468 1000 14TH STREET 15 DENVER CO 802022333 JEROME H KERN- CEOCO-CHAIRMAN (THRU SEP '21), E. CHAIR(AS OF OCT. '21) 51.00 1.50 X X 279738 0 6574 ANTHONY PIERCE CHIEF ARTISTIC OFFICER 50.00 X 155593 0 15420 YUMI HWANG-WILLIAMS- MUSICIAN TRUSTEE (THRU SEP. '21)/CONCERTMASTER 40.00 X 141389 0 25094 COREEN MILLER- CFOCOO INTRIM CEO (AS OF SEP. '21) 50.00 X X 155897 0 6354 WILLIAM HILL MUSICIAN 40.00 X 107755 0 26417 PARKER OWENS- CHIEF MARKETING OFFICER (THRU NOV. '21) 50.00 X 115775 0 13323 JUSTIN BARTELS MUSICIAN 40.00 X 103410 0 25467 CLAUDE SIM- MUSICIAN TRUSTEE (THRU SEP. '21)/ ASS'T CONCERTMASTER 40.00 X 123499 0 3081 PETER COOPER MUSICIAN 40.00 X 116497 0 2403 MICHAEL THORNTON MUSICIAN 40.00 X 105276 0 11624 STEVEN METCALF MUSICIAN TRUSTEE 40.00 X 77175 0 10539 COURTNEY HERSHEY BRESS MUSICIAN TRUSTEE 40.00 X 75608 0 10805 YI ZHAO MUSICIAN TRUSTEE 40.00 X 67190 0 17268 MICHAEL VAN WIRT MUSICIAN TRUSTEE 40.00 X 67862 0 10123 MARY COWELL MUSICIAN TRUSTEE 40.00 X 48958 0 25613 NICK TISHERMAN MUSICIAN TRUSTEE 40.00 X 63124 0 10388 SUSAN BOWLES SECRETARY/EX-OFFICIO TRUSTEE 40.00 X X 58831 0 12015 MATTHEW ECKENHOFF MUSICIAN TRUSTEE 40.00 X 65329 0 823 JOHN HILTON MUSICIAN TRUSTEE (AS OF OCT. '21) 40.00 X 50992 0 11415 SUSAN PAIK MUSICIAN TRUSTEE (AS OF JAN. '22) 40.00 X 51889 0 9575 PETER OUNDJIAN PRIN CONDUCTOR EX-OFFICIO TRUSTEE (AS OF FEB. '21) 40.00 X 47600 0 0 RICHARD KYLBERG VICE CHAIRMAN (THRU OCT. '21) 2.00 X X 0 0 0 RICHARD KRUGMAN- TRUSTEE CO-CHAIRMAN 10.00 X X 0 0 0 JULIE RUBSAM- TRUSTEE CO-CHAIRMAN 10.00 X X 0 0 0 JIM BUTLER TREASURER 10.00 X X 0 0 0 LORENZO TRUJILLO TRUSTEE 1.00 X 0 0 0 BILL JOHNSON TRUSTEE 1.00 X 0 0 0 ROBERT FRIEDLANDER TRUSTEE 1.00 X 0 0 0 LYNN MCDONALD TRUSTEE 1.00 X 0 0 0 MICHAEL ZOELLNER TRUSTEE 1.00 X 0 0 0 MAILK ROBINSON TRUSTEE 1.00 X 0 0 0 MARGARET ANDERSON TRUSTEE 1.00 X 0 0 0 MIKE RICHARDSON TRUSTEE 1.00 X 0 0 0 DR PAULA P BERNSTEIN TRUSTEE 1.00 X 0 0 0 SANDY ELLIOTT TRUSTEE 1.00 X 0 0 0 AMY HARMON TRUSTEE 1.00 X 0 0 0 BILL MYERS TRUSTEE 1.00 X 0 0 0 DIANE S HILL PHD TRUSTEE 1.00 X 0 0 0 DEANA PERLMUTTER TRUSTEE 1.00 X 0 0 0 LT SANDVIK TRUSTEE 1.00 X 0 0 0 YOUNG CHO TRUSTEE 1.00 X 0 0 0 VESNA JEVTOVIC-TODOROVIC TRUSTEE 1.00 X 0 0 0 ANDRA ZEPPELIN TRUSTEE 1.00 X 0 0 0 ANTHONY ACETTA TRUSTEE 1.00 X 0 0 0 KAI CHIN TRUSTEE 1.00 X 0 0 0 JOHN STREET TRUSTEE (AS OF APR. '22) 1.00 X 0 0 0 ADAM DONNER TRUSTEE (AS OF MAY '22) 1.00 X 0 0 0 MICHAEL MCPHEE TRUSTEE (AS OF NOV. '21) 1.00 X 0 0 0 STEVE MILLER TRUSTEE (AS OF OCT. '21) 1.00 X 0 0 0 MICHAEL FERRUFINO TRUSTEE (AS OF OCT. '21) 1.00 X 0 0 0 RICH KYLBERG TRUSTEE (AS OF OCT. '21) 1.00 X 0 0 0 LEE YEINGST EMERITUS TRUSTEE 1.00 X 0 0 0 MARY ROSSICK KERN EMERITUS TRUSTEE 1.00 X 0 0 0 SUE PAWLIK EX-OFFICIO 1.00 X 0 0 0 MARIA SOLEY EX-OFFICIO 1.00 X 0 0 0 GINGER WHITE EX-OFFICIO 1.00 X 0 0 0 SUSAN OAKES EX-OFFICIO 1.00 X 0 0 0 2079387 0 254321 11 0 1 0 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH NEW YORK NY 10016 GUEST ARTIST FEES 214675 1 558439 1145842 7090086 2998632 60977 11792999 CONCERT PERFORMANCES 711130 5717397 5717397 78419 78419 5795816 22427 22427 62984 558439 282430 -219446 -219446 EMPLOYEE RETENTION CREDIT FUNDING 900099 1324072 1324072 1324072 18715868 5795816 0 1127053 2250878 1273361 671563 305954 7290311 6422066 868245 269931 251316 17480 1135 1053022 962314 61378 29330 890451 778619 85868 25964 226164 226164 49480 49480 757897 525928 196261 35708 431430 431430 74089 64921 8889 279 239037 73862 162584 2591 281967 246580 35387 225128 223662 840 626 13428 6226 6398 804 6252 6252 15336 15336 65461 15806 49655 MUSICIAN BACK PAY AND C 1448470 1448470 GUEST CONDUCTOR AND ART 1360189 1360189 0 0 DUES AND SUBSCRIPTIONS 104205 78107 24989 1109 PRINTING AND PUBLICATIO 97772 42122 42065 13585 210098 204002 5904 192 17360996 13977551 2966168 417277 6017792 4223135 21058 106827 186344 171312 260806 353084 949991 305723 586976 644268 2485805 5817080 4977350 12890056 12961781 1511471 1122717 717216 1980405 1500907 0 3729594 3103122 X 3720547 5105501 5439915 4753158 9160462 9858659 12890056 12961781 X 1354872 2951 -659626 X 0 1 X 1 1 1 X 7117107 7142299 6924226 9047920 11792999 42024551 30000 60000 60000 60000 0 210000 7147107 7202299 6984226 9107920 11792999 42234551 9872787 32361764 2444 20429 22387 2786 17509 65555 42300106 27659718 0.76510 0.70810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92178924 16154 -10404181 1145842 80645055 29625915 54985393 8607709 1040093 92178924 29502744 869470 222447 968746 29625915 28297619 1181889 921144 897908 29502744 26666589 1185373 1299034 853377 28297619 0.00000 1.00000 0.00000 1 1 1 377281 305723 71558 572710 572710 644268 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 4700040 EMPLOYEE RETENTION CREDIT RECEIVABLE 277310 4977350 X 18131068 2951 71875 -659626 -584800 18715868 0 18715868 17432871 71875 71875 17360996 0 17360996 PART V, LINE 4: PERMANENT ENDOWMENTS CONSIST OF FUNDS HELD BY OTHER TAX-EXEMPT ORGANIZATIONS ESTABLISHED TO ADMINISTER THE ENDOWMENT FUNDS OF THE SYMPHONY. THESE ORGANIZATIONS ARE GOVERNED BY SEPARATE BOARDS OF TRUSTEES. SUPPORTING DISTRIBUTIONS (IF APPLICABLE) FROM THE FUNDS ARE PROVIDED TO THE SYMPHONY FOR PROGRAM SERVICES AND OTHER OPERATIONS. PERMANENT ENDOWMENTS ALSO INCLUDE A BENEFICIAL INTEREST IN AN IRREVOCABLE PERPETUAL TRUST ADMINISTERED BY A COMMUNITY FOUNDATION. THE TRUST AGREEMENT REQUIRES DISTRIBUTION OF 50% OF THE NET INCOME OF THE TRUST TO THE SYMPHONY FOR ITS UNRESTRICTED USE; HOWEVER THE SYMPHONY WILL NEVER RECEIVE THE ASSETS OF THE TRUST. PART X, LINE 2: THE CSA BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS -659,626. SYMPHONY BALL 621423 558439 62984 0 54770 25644 82537 38058 81421 621423 558439 62984 54770 25644 82537 38058 81421 282430 -219446 X 0 0 X X X X 1 0 0 0 0 0 0 1 0 JEROME H KERN- CEOCO-CHAIRMAN (THRU SEP '21), E. CHAIR(AS OF OCT. 164353 0 0 0 115385 0 6574 0 327 0 286639 0 0 0 ANTHONY PIERCE CHIEF ARTISTIC OFFICER 130593 0 25000 0 0 0 6224 0 9632 0 171449 0 0 0 YUMI HWANG-WILLIAMS- MUSICIAN TRUSTEE (THRU SEP. '21)/CONCERTMASTE 139850 0 1539 0 0 0 4250 0 20974 0 166613 0 0 0 COREEN MILLER- CFOCOO INTRIM CEO (AS OF SEP. '21) 130897 0 25000 0 0 0 6236 0 554 0 162687 0 0 0 PART I, LINE 1A PRINCIPAL CONDUCTOR, PETER OUNDJIAN, RECEIVES A HOUSING ALLOWANCE IN LIEU OF PAYING FOR A HOTEL. THE AMOUNT, AS IDENTIFIED IN HIS CONTRACT, IS REPORTED AS TAXABLE COMPENSATION. PART I, LINE 4A FORMER CEO/CO-CHAIRMAN RECEIVED A SEVERANCE PAYMENT OF $115,385. PART I, LINE 7 THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2021, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION. DURING FY 2021, MUSICIANS WERE PAID A REDUCED AMOUNT FOR APPROXIMATELY 23 WEEKS IN THE FALL WHEN WE WERE NOT PERFORMING (THOSE WHOSE PERSONAL SERVICES AGREEMENTS INCLUDE OVERSCALE DID NOT RECEIVE IT DURING THAT TIME). IN DECEMBER OF 2021, THE MISSED OVERSCALE WAS PAID. X 12 49140 AVG. PRICE DATE RECEIVED X VARIOUS AUCTION ITEMS 37 11409 COST X OTHER 1 428 COST 0 0 1 0 PART I, COLUMN (B): COLORADO SYMPHONY ASSOCIATION IS REPORTING THE TOTAL NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 JEROME KERN AND MARY ROSSICK KERN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B A REDACTED COPY OF THE FORM 990 IS SENT FOR REVIEW TO THE FINANCE COMMITTEE PRIOR TO FILING. IN ADDITION, A REDACTED COPY OF THE TAX RETURN IS SENT TO THE ENTIRE BOARD FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLORADO SYMPHONY ASSOCIATION (CSA) HAS A CONFLICT OF INTEREST POLICY COVERING OFFICERS, TRUSTEES, COMMITTEE MEMBERS, MUSICIAN TRUSTEES, STAFF MEMBERS, AND CERTAIN CONSULTANTS (IF APPROPRIATE). EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A POTENTIAL CONFLICT OF INTEREST. THE DISCLOSURE FORM MUST BE SUBMITTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING POTENTIAL CONFLICTS OF INTEREST AND HANDLING WHAT IT DETERMINES TO BE ACTUAL CONFLICTS OF INTEREST IN THE MANNER DESCRIBED IN THE POLICY UNDER "REVIEWING AND MANAGING CONFLICTS OF INTEREST". IF THE EXECUTIVE COMMITTEE OR RESPONSIBLE PERSON BECOMES AWARE THAT CSA IS ABOUT TO ENTER INTO OR MAKE ANY DECISIONS INVOLVING A CONFLICT OF INTEREST TRANSACTION WITH THE RESPONSIBLE PERSON, A FAMILY MEMBER, A FRIEND, OR A RELATED ENTITY, THE RESPONSIBLE PERSON MUST: 1) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF CSA OF THE CONFLICT OF INTEREST 2) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING TO SUCH PERSON(S) ANY MATERIAL FACTS THAT BEAR ON THE ADVISABILITY OF THE TRANSACTION FROM THE STANDPOINT OF CSA AND 3) NOT PARTICIPATE IN THE DELIBERATION OR VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION, AND NOT ATTEMPT TO EXERT HIS OR HER INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE EXECUTIVE COMMITTEE WILL REPORT TO THE BOARD AT ITS NEXT REGULAR MEETING THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO (THROUGH SEPTEMBER 2, 2021) WAS BASED ON HIS CONTRACT WHICH WAS DETERMINED AFTER COMPARISON OF SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND AFTER ANALYZING THE VALUE BROUGHT TO THE CSA BY THE CEO. AN INDEPENDENT COMPENSATION COMMITTEE CONSISTING OF BOTH TRUSTEES AND NON-TRUSTEES REVIEWED PERTINENT DATA AND MADE THE COMPENSATION RECOMMENDATION TO THE BOARD WHICH APPROVED THE CEO'S CONTRACT COMPENSATION AMOUNT. A SEVERANCE PAYMENT WAS APPROVED BY THE TRUSTEES IN SEPTEMBER 2021 IN CONNECTION WITH THE CEO'S RESIGNATION. COMPENSATION INCREASES OTHER THAN THE STANDARD PERCENTAGE FOR OTHER SENIOR MANAGEMENT POSITIONS ARE MADE AFTER CONSIDERING AVAILABLE INFORMATION WITH RESPECT TO COMPENSATION PAID TO SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND AFTER ANALYZING THE VALUE BROUGHT TO THE CSA BY SENIOR MANAGEMENT STAFF PERSON(S). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST VIA MAIL, EMAIL OR IN PERSON AT ITS OFFICES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN ASSETS HELD BY OTHERS -659,626. COLORADO SYMPHONY FUND 1000 14TH STREET 15 DENVER CO 80202 260138249 RAISE, HOLD & ADMINISTER FUNDS FOR OPERATING NEEDS OF SYMPHONY ASSOCIATION CO 501(C)(3) LINE 12A, I COLORADO SYMPHONY ASSOCIATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLORADO SYMPHONY FUND C 1145842 CASH