2025-05-07T16:03:56-05:00 2024-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 400 BALTIMORE MD 21202 990 2023-07-01 560556755 NORTH CAROLINA SYMPHONY SOCIETY INC NORT 9197332750 3700 GLENWOOD AVE 130 RALEIGH NC 27612 SANDI MA MACDONALD PRESIDENT & CEO 9197332750 2025-05-06 1 0 JULIA FLANNERY P00928918 4102469300 2025-05-06 2023 2025-03-06 01:10:19Z NORTH CAROLINA SYMPHONY SANDI MA MACDONALD 3700 GLENWOOD AVE 130 RALEIGH NC 27612 49717936 0 X NCSYMPHONY.ORG X 1932 NC THE NORTH CAROLINA SYMPHONY IS NORTH CAROLINA'S STATE ORCHESTRA, AN ORCHESTRA ACHIEVING THE HIGHEST LEVEL OF ARTISTIC QUALITY AND PERFORMANCE STANDARDS, AND EMBRACING ITS DUAL LEGACIES OF STATEWIDE SERVICE AND MUSIC EDUCATION. 51 51 288 154 0 0 10719090 15533985 3951594 5040786 234798 967956 4046 -46891 14909528 21495836 41696 47759 0 0 10815317 12438179 69633 59601 1391229 5753552 6515579 16680198 19061118 -1770670 2434718 32439054 37146233 3598608 3635189 28840446 33511044 TO BE NORTH CAROLINA'S STATE ORCHESTRA, AN ORCHESTRA ACHIEVING THE HIGHEST LEVEL OF ARTISTIC QUALITY AND PERFORMANCE STANDARDS, AND EMBRACING ITS DUAL LEGACIES OF STATEWIDE SERVICE AND MUSIC EDUCATION. 0 0 15793780 47759 5040786 FOUNDED IN 1932, THE NORTH CAROLINA SYMPHONY (NCS) WAS THE FIRST STATE-SUPPORTED ORCHESTRA IN THE COUNTRY. ITS DUAL MISSION OF STATEWIDE SERVICE AND MUSIC EDUCATION CONTINUES TODAY. IT IS THE LARGEST PERFORMING ARTS ORGANIZATION IN NORTH CAROLINA AND HAS THE MOST EXTENSIVE EDUCATION PROGRAM OF ANY U.S. ORCHESTRA. ANNUALLY, THE SYMPHONY TRAVELS MORE THAN 18,000 MILES, REACHES 100 COUNTIES AND PERFORMS FOR 250,000 PEOPLE INCLUDING SERVING MORE THAN 150,000 STUDENTS. 15793780 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 115 0 1 288 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 51 51 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X ROBERT SCHILLER SENIOR VICE PRESIDENT & CFO 9197332750 3700 GLENWOOD AVE 130 RALEIGH NC 27612 JOSEPH C BASTIAN CHAIR 5.00 1.00 X X 0 0 0 DR WM CHARLES HELTON VICE CHAIR 3.00 1.00 X X 0 0 0 TERRY L STEVENS TREASURER 3.00 X X 0 0 0 DAVID L HAINES ASSISTANT TREASURER 3.00 X X 0 0 0 ROSEMARY KENYON SECRETARY 3.00 X X 0 0 0 DON DAVIS PAST CHAIR 3.00 X X 0 0 0 DEBORAH M AIKEN MEMBER 1.00 X 0 0 0 DR TIMOTHY ALTMAN MEMBER 1.00 X 0 0 0 CHIP ANDERSON MEMBER 1.00 5.00 X 0 0 0 STEPHANIE BASS MEMBER 1.00 X 0 0 0 DR TRUDE R BATE MEMBER 1.00 X 0 0 0 DENISE S BENNETT MEMBER 1.00 X 0 0 0 JUD BOWMAN MEMBER 1.00 X 0 0 0 PATTY BRIGUGLIO MEMBER 1.00 X 0 0 0 THE HONORABLE ROY COOPER MEMBER 1.00 X 0 0 0 JEFFREY A CORBETT MEMBER 1.00 X 0 0 0 DR ROY CROMARTIE MEMBER 1.00 X 0 0 0 COURTNEY CROWDER MEMBER 1.00 X 0 0 0 JIM DATIN MEMBER 1.00 X 0 0 0 RICHARD L DAUGHERTY MEMBER 1.00 1.00 X 0 0 0 KEITH DONAHUE MEMBER 1.00 X 0 0 0 DR ROBERT N EBY MEMBER 1.00 X 0 0 0 MICHAEL GERING MEMBER (UNTIL 2/24) 1.00 X 0 0 0 JAMES C GULICK MEMBER 1.00 X 0 0 0 ELAINE BRYANT HAYES MEMBER 1.00 X 0 0 0 KRISTEN HESS MEMBER 1.00 X 0 0 0 RICHARD E HINSON MEMBER 1.00 X 0 0 0 KEVIN HOWELL MEMBER 1.00 X 0 0 0 L DWAIN JOYCE MEMBER 1.00 X 0 0 0 CECELIA ECKERT KENNEDY MEMBER 1.00 X 0 0 0 DR ROBERT LACIN MEMBER 1.00 X 0 0 0 DR MARK LEITHE MEMBER 1.00 X 0 0 0 REV DR CHRISTIE MABRY MEMBER 1.00 X 0 0 0 DAWN MACLAREN MEMBER 1.00 X 0 0 0 ROBERT MACNEILL JR MEMBER 1.00 X 0 0 0 JANE MARR MEMBER (UNTIL 3/24) 1.00 X 0 0 0 BRANFORD MARSALIS MEMBER 1.00 X 0 0 0 LOUISE A MILLER MEMBER 1.00 X 0 0 0 GINGER MINICHIELLO MEMBER (UNTIL 4/24) 1.00 X 0 0 0 JAMES MORGAN MEMBER 1.00 X 0 0 0 LORI OKEEFE MEMBER 1.00 X 0 0 0 REBECCA QUINN-WOLF MEMBER 1.00 X 0 0 0 DR RAMACHANDRA P REDDY MEMBER 1.00 X 0 0 0 DONNA RHODE MEMBER 1.00 X 0 0 0 TRACEY FODOR SMITH MEMBER (UNTIL 3/24) 1.00 X 0 0 0 JASON SMITH MEMBER 1.00 X 0 0 0 DAVID SONTAG MEMBER 1.00 X 0 0 0 LINDA J STAUNCH MEMBER 1.00 X 0 0 0 M GRAY STYERS JR MEMBER 1.00 X 0 0 0 SANDY SULLY MEMBER 1.00 X 0 0 0 ALLISON TRAPP MEMBER 1.00 X 0 0 0 THE HONORABLE CATHERINE TRUITT MEMBER 1.00 X 0 0 0 DERECK WHITTENBURG MEMBER 1.00 X 0 0 0 SECRETARY D REID WILSON MEMBER 1.00 X 0 0 0 DARLIENE S WOOLNER MEMBER 1.00 X 0 0 0 TIM YULL MEMBER (UNTIL 3/24) 1.00 X 0 0 0 SANDI MA MACDONALD PRESIDENT & CEO 55.00 5.00 X 380148 0 33325 ROBERT SCHILLER SVP FINANCE & CFO 55.00 5.00 X 219568 0 4720 CARLOS MIGUEL PRIETO MUSIC DIRECTOR 25.00 X 164308 0 13698 LINDA CHARLTON VP MARKETING & AUDIENCE DEVELOPMENT 50.00 X 170391 0 29996 ELIZABETH RANSOM VP PHILANTHROPY 50.00 X 166421 0 14359 DONALD TIPPETT VP ORCHESTRA OPERATIONS 50.00 X 143773 0 16902 BRIAN REAGIN MUSICIAN (UNTIL 6/24) 40.00 X 126635 0 27045 REBEKAH DALEY MUSICIAN 40.00 X 114306 0 17742 1485550 0 157787 10 0 1 0 DCM INC 330 WEST 38TH STREET SUITE 207 NEW YORK NY 10018 TELEMARKETING AND TELEFUNDING 259211 SQUARE PRODUCTIONS INC 1722 W 239TH ST TORRANCE CA 90501 MARKETING SERVICES 143860 CAPACITY INTERACTIVE CONSULTING LLC 1239 BROADWAY SUITE 1103 NEW YORK NY 10001 MARKETING CONSULTING 133575 STAN WILLIAMS 3330 RIDGECREST CT RALEIGH NC 27607 EXTERNAL AFFAIRS CONSULTING 113860 CELITO COMMUNICATIONS LLC PO BOX 37129 RALEIGH NC 27627 TELECOMMUNICATIONS 102983 5 216033 1040567 11275518 3001867 262473 15533985 CONCERT REVENUE 711190 4889521 4889521 EDUCATION 711190 86401 86401 PROGRAM PROCESSING FEE 711190 64864 64864 5040786 866076 866076 28222201 28120321 101880 101880 101880 41363 216033 96780 -55417 -55417 12606 4999 7607 7607 MISCELLANEOUS 900099 919 919 919 21495836 5040786 0 921065 47759 47759 1023932 357391 556707 109834 8893948 7746183 612113 535652 527971 417988 100464 9519 1267564 1142055 57580 67929 724764 604801 66508 53455 1054910 796774 59666 198470 400 400 38660 38660 189750 70710 119040 59601 59601 33535 33535 46793 27107 19686 895057 876936 18121 321693 255958 15936 49799 163718 97304 34400 32014 275830 148948 63441 63441 455152 431350 7343 16459 31517 9583 21925 9 6956 6956 95019 60677 17171 17171 268590 190794 77796 CONCERT PRODUCTION 1208491 1207471 1020 GUEST ARTISTS 1061867 1061867 BOX OFFICE 256420 256420 OTHER EXPENSES 111221 56414 33778 21029 19061118 15793780 1876109 1391229 468423 300676 4855050 5698096 964410 867977 35180 47594 201166 124483 1249095 1088042 236860 161053 17857976 18604855 6323313 10041286 1496676 1300213 32439054 37146233 446942 567124 1521903 1544484 1629763 1523581 3598608 3635189 X 14264274 17619736 14576172 15891308 28840446 33511044 32439054 37146233 2434718 2235880 0 X 0 1 X 1 0 X 10385062 11983970 17933198 10719090 15533985 66555305 435854 317369 660580 922866 1029705 3366374 10820916 12301339 18593778 11641956 16563690 69921679 69921679 420336 387637 283040 787488 866076 2744577 11154 1487078 5804 37500 54888 1596424 74262680 17331625 0.94150 0.84410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 11,154. 2020 AMOUNT: $ 1,625. 2021 AMOUNT: $ 5,804. 2022 AMOUNT: $ 750. 2023 AMOUNT: $ 919. FUNDRAISING EVENT - 2022 AMOUNT: $ 36,750. 2023 AMOUNT: $ 41,363. GAMING EVENT - 2023 AMOUNT: $ 12,606. EMPLOYEE RETENTION CREDIT - 2020 AMOUNT: $ 1,485,453. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 189750 0 0 189750 0 PART II-B, LINE 1: THE NORTH CAROLINA SYMPHONY IS A MEMBER OF ARTS NORTH CAROLINA WHICH IS A 501(C)(3) TAX EXEMPT ORGANIZATION. ITS DUES WERE $3,000 FOR FY2024 AND A PORTION OF THIS WILL GO TOWARD LOBBYING. IN TERMS OF NATIONAL ISSUES, THE NORTH CAROLINA SYMPHONY IS A MEMBER OF THE LEAGUE OF AMERICAN ORCHESTRAS TO WHICH IT PAYS ANNUAL DUES OF $21,840. AMONG THEIR ACTIVITIES IS GOVERNMENTAL AFFAIRS AND LOBBYING FOR ISSUES RELATED TO THE ARTS. THE LEAGUE OF AMERICAN ORCHESTRAS SPENDS ABOUT 2% ON LOBBYING EFFORTS. THE NORTH CAROLINA SYMPHONY SPENT A TOTAL OF $189,750 ON DIRECT LOBBYING EXPENSES IN FY2024. NO PUBLIC FUNDING WAS USED FOR THESE EXPENSES. THE NORTH CAROLINA SYMPHONY RECEIVES CITY, COUNTY AND STATE GRANT FUNDING AND IN-KIND SUPPORT. 16244260 200 2353346 760061 19253 17818492 15534063 1468561 739042 19322 16244260 17755062 1000000 -2476756 721166 23077 15534063 14547838 3899910 670797 21880 17755071 14581729 653746 667006 20631 14547838 0.18000 0.67000 0.15000 0 0 87726 87726 0 816461 733557 82904 344908 266759 78149 161053 ISHARES CORE US AGGREGATE BOND ETF 2602932 F ISHARES RUSSELL TOP 200 GROWTH ETF 2830591 F VANGUARD VALUE ETF 1970476 F VANGUARD 500 INDEX FD 2637287 F 10041286 INTERCOMPANY PAYABLE 70088 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 22110 LEASE OBLIGATIONS 1431383 1523581 X 28203199 2235880 1047437 3457581 6740898 21462301 33535 33535 21495836 20198316 1047437 21517 1068954 19129362 33535 -101779 -68244 19061118 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY, INC. THE ENDOWMENT FUNDS OF BOTH THE NORTH CAROLINA SYMPHONY SOCIETY, INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE MANAGED BY AN INVESTMENT COMMITTEE, COMPRISED OF MEMBERS OF BOTH ORGANIZATIONS' BOARDS. THE ENDOWMENT ASSETS OF THE FOUNDATION ARE NOT INCLUDED IN THE TOTALS PROVIDED IN PART V, LINE 1. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE SYMPHONY'S TAX POSITIONS AND CONCLUDED THAT THE SYMPHONY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ASC. PART XI, LINE 2D - OTHER ADJUSTMENTS: NC SYMPHONY FOUNDATION REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 4,396,369. TRANSFER FROM NC SYMPHONY FOUNDATION TO NC SYMPHONY SOCIETY -1,040,567. FUNDRAISING EXPENSES INCLUDED IN PART VIII 96,780. GAMING EXPENSES INCLUDED IN PART VIII 4,999. PART XII, LINE 2D - OTHER ADJUSTMENTS: NC SYMPHONY FOUNDATION EXPENSE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 1,062,084. TRANSFER FROM NC SYMPHONY FOUNDATION TO NC SYMPHONY SOCIETY -1,040,567. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN PART VIII -96,780. GAMING EXPENSES INCLUDED IN PART VIII -4,999. X X X X X X X 1 DCM INC 244 5TH AVE STE M223 NEW YORK NY 10001 SOLICITATION/TELEFUNDING 0 61617 59601 2016 61617 59601 2016 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY LUNCHEON 257396 216033 41363 6750 53163 36867 257396 216033 41363 6750 53163 36867 96780 -55417 SCHEDULE G, PART II: THE FRIENDS OF NOTE LUNCHEON FUNDRAISING EVENT NETTED $168,223, INCLUDING GROSS TICKET SALES, RAFFLE PROCEEDS AND CONTRIBUTIONS RECEIVED. 1 CHAPEL HILL - CARRBORO CITY SCHOOLS 750 S MERRITT MILL RD CHAPEL HILL NC 27516 566001004 GOVERNMENT 6705 0 TRANSPORTATION REIMBURSEMENT ALAMANCE BURLINGTON SCHOOLS 1712 VAUGHN RD BURLINGTON NC 27215 561957903 GOVERNMENT 5322 0 PROGRAM SUPPORT 2 0 PART I, LINE 2: AS PART OF A GENEROUS GRANT FROM THE STATE OF NORTH CAROLINA, THE NORTH CAROLINA SYMPHONY IS ABLE TO OFFER REIMBURSEMENT FUNDING TO A LIMITED NUMBER OF PUBLIC AND CHARTER SCHOOLS FOR THEIR TRANSPORTATION EXPENSES TO THE EDUCATION CONCERT FIELD TRIP. FUNDING IS AVAILABLE ON A FIRST-COME, FIRST-SERVED BASIS. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 SANDI MA MACDONALD PRESIDENT & CEO 299996 0 80000 0 152 0 6080 0 27245 0 413473 0 0 0 ROBERT SCHILLER SVP FINANCE & CFO 199644 0 19872 0 52 0 4054 0 666 0 224288 0 0 0 LINDA CHARLTON VP MARKETING & AUDIENCE DEVELOPMENT 154812 0 15500 0 79 0 2958 0 27038 0 200387 0 0 0 ELIZABETH RANSOM VP PHILANTHROPY 151375 0 15018 0 28 0 3064 0 11295 0 180780 0 0 0 CARLOS MIGUEL PRIETO MUSIC DIRECTOR 164282 0 0 0 26 0 0 0 13698 0 178006 0 0 0 DONALD TIPPETT VP ORCHESTRA OPERATIONS 130714 0 13041 0 18 0 2660 0 14242 0 160675 0 0 0 BRIAN REAGIN MUSICIAN (UNTIL 6/24) 126483 0 0 0 152 0 5654 0 21391 0 153680 0 0 0 PART I, LINE 1A THE NORTH CAROLINA SYMPHONY HAS PARTNERED WITH THE YMCA OF THE TRIANGLE TO OFFER OPTIONAL DISCOUNTED GYM MEMBERSHIPS FOR ALL FULL-TIME EMPLOYEES. THE COST TO THE NORTH CAROLINA SYMPHONY IS $10 PER MONTH PER MEMBER EMPLOYEE. PART I, LINE 7 NON-FIXED BONUSES TO EMPLOYEES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. BOARD OF DIRECTORS. X 28 262473 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR OF THE STATE OF NORTH CAROLINA APPOINTS FOUR TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND THE FULL BOARD REVIEW THE ENTIRE FORM 990. SCHEDULE B IS REDACTED SINCE SOME DONORS REQUEST TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. AND ALL TRUSTEES OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE REQUIRED TO REVIEW THE CONFLICT-OF-INTEREST POLICIES AND COMPLETE AND SIGN THE FORM. THE POLICY IS REVIEWED WITH STAFF DURING THEIR NEW EMPLOYEE ORIENTATION AND IS REVIEWED WITH TRUSTEES DURING THEIR NEW TRUSTEE ORIENTATION. ALL COMPLETED FORMS ARE ARCHIVED. IN ACCORDANCE WITH NCS'S CODE OF ETHICS & CONFLICT OF INTEREST POLICY, SHOULD A CONFLICT OR APPARENT CONFLICTS OF INTEREST ARISE IN CONNECTION WITH NORTH CAROLINA SYMPHONY DUTIES AND RESPONSIBILITIES, EMPLOYEES AND TRUSTEES ARE REQUIRED TO: A. DISCUSS THE CONFLICT WITH THE BOARD CHAIR OR THE CHIEF EXECUTIVE OFFICER, AS APPLICABLE, AND B. REFRAIN FROM PARTICIPATING IN ANY DISCUSSIONS, DELIBERATIONS, DECISIONS OR VOTING RELATED TO THE CONFLICT OF INTEREST UNTIL MANAGEMENT MITIGATES OR OTHERWISE RESOLVES THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 INDUSTRY SALARY SURVEYS ARE USED TO DETERMINE SALARIES, AND COMPENSATION WAS ESTABLISHED BY AN INDEPENDENT CONSULTANT. CEO AND MUSIC DIRECTOR SALARIES ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD. THE COMPENSATION ARRANGEMENT IS DOCUMENTED WHEN DECIDED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). NORTH CAROLINA SYMPHONY FOUNDATION 3700 GLENWOOD AVENUE STE 130 RALEIGH NC 27612 581495066 HOLD SOCIETY'S ENDOWMENT, SOLICIT ADDITIONS, & PROTECT ASSETS NC 501(C)(3) LINE 12A, I NC SYMPHONY SOCIETY 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 NORTH CAROLINA SYMPHONY FOUNDATION C 1040567 CASH