2023-04-28T09:54:55-05:00 2022-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2021-07-01 362167823 Chicago Symphony Orchestra CHIC 3122943333 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 3122943301 2023-04-26 1 Jeff Alexander XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2023-04-26 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Jeff Alexander 220 S Michigan Avenue Chicago IL 606042559 202364338 0 X www.cso.org X 1890 IL See Schedule O - Supplemental information. 127 126 785 831 221410 0 49216933 62198360 823352 20795204 59759121 19509067 106129 -70534 109905535 102432097 0 5950 0 0 29500366 47910834 309783 244748 3756862 17395293 26918718 47205442 75080250 62700093 27351847 576700123 530890156 228045278 200470932 348654845 330419224 X With the Chicago Symphony Orchestra at its core, the mission of the Chicago Symphony Orchestra Association is to enrich, inspire and transform lives through music, community engagement and education - locally, nationally and internationally. 0 0 47663526 17066437 Chicago Symphony Orchestra Concerts - During the 2021/22 Season, the Chicago Symphony Orchestra presented 38 weeks of concerts. Zell Music Director Riccardo Muti reunited with the Orchestra in September 2021 and conducted 13 programs at Symphony Center throughout the season, as well as free community concerts at Apostolic Church of God, Morton East High School and Millennium Park. The CSO gave the world premieres of works by Missy Mazzoli, Jessie Montgomery, Magnus Lindberg and Gabriela Lena Frank. Other highlights included the CSO's first performances of Symphony No. 3 by 20th-century African American composer Florence Price and Symphony No. 11 by contemporary American composer Philip Glass. The Chicago Symphony Chorus joined the Orchestra for performances of Beethoven's Ninth Symphony, Verdi's Un Ballo in Maschera and more. 3418273 2619519 Symphony Center Presents - The Chicago Symphony Orchestra Association offers concerts by acclaimed guest artists in the fields of jazz, classical, world and folk music as part of the Symphony Center Presents series. Twenty-eight concerts were presented during the 2021/22 Season and featured established artistic leaders and rising stars. Highlights included pianists Daniil Trifonov, Yuja Wang and Evgeny Kissin; a chamber music trio featuring pianist Emanuel Ax, violinist Leonidas Kavakos and cellist Yo-Yo Ma; the Latin Grammy-winning Quinteto Astor Piazzolla; the celebrated men's chorus Chanticleer; and jazz artists including Herbie Hancock, the Jazz at Lincoln Center Orchestra with Wynton Marsalis, Dianne Reeves, Dee Dee Bridgewater with pianist Bill Charlap, and Cecile McLorin Salvant. 2165615 5950 65993 Civic Orchestra of Chicago - The Civic Orchestra of Chicago, the CSO's prestigious training program for young professional musicians, presented seven full-orchestra concerts, including two at community venues. Led by Principal Conductor Ken-David Masur and guest conductors, Civic programs featured established masterpieces alongside works from historically marginalized voices. During the annual Bach Marathon, ensembles of Civic musicians performed Bach's Brandenburg Concertos at elementary schools and retirement communities throughout Chicago, with a finale concert at Fourth Presbyterian Church. In addition to their regular activities with the Civic Orchestra, 13 Civic Fellows participated in educational workshops, partnerships with Chicago Public Schools, songwriting sessions and independent projects. 200570 155557 Retail Sales - Music-related merchandise is available for purchase at The Symphony Store and online. 492664 57419 Media and Royalty - Radio Broadcast series, in-house recording label, audio recordings in compact disc and digital download formats. 780850 436105 Rentals and Commissions - Hall Rentals - Performance space provided to Chicagoland arts organizations. 261677 357500 Rentals and Commissions - Parking Lot provided for audiences' convenience to attend concerts. 741318 -172720 Rentals and Commissions - A dining club and concessions are provided for audiences attending concerts and catering is provided for certain internal events. 1725939 194681 Education Concerts and Activities - Across Chicago and around the world, the Negaunee Music Institute connects people to the extraordinary resources of the Chicago Symphony Orchestra. In the 2021/22 Season, the NMI welcomed families and school groups back to live concerts as part of the CSO for Kids series. Training programs and performance opportunities for young musicians included the Crain-Maling Foundation CSO Young Artists Competition, Chicago Youth in Music Festival, Percussion Scholarship Program and partnerships with local schools and the Chicago Musical Pathways Initiative. The NMI continued to co-present Notes for Peace, a songwriting project that empowers parents who have lost children to gun violence to create original songs of tribute. 99742 170270 Other Program Services - Program Book Advertising 4302760 1198812 57550174 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 117 0 1 785 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 127 126 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X Stacie M Frank VP and CFO 3122943301 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 40.00 X X 529441 0 39517 Mary Louise Gorno Chair 2.00 X X 0 0 0 Chester A Gougis Vice Chair 0.50 X X 0 0 0 Steven Shebik Vice Chair 1.00 X X 0 0 0 Helen Zell Vice Chair 1.00 X X 0 0 0 Renee Metcalf Treasurer 0.60 X X 0 0 0 William Adams IV Life Trustee 0.60 X 0 0 0 Mrs Robert A Beatty Life Trustee 0.10 X 0 0 0 Arnold M Berlin Life Trustee 0.10 X 0 0 0 Laurence O Booth Life Trustee 0.10 X 0 0 0 William G Brown Life Trustee 0.10 X 0 0 0 Dean L Buntrock Life Trustee 0.10 X 0 0 0 Bruce E Clinton Life Trustee 0.20 X 0 0 0 Richard W Colburn Life Trustee 0.40 X 0 0 0 Richard H Cooper Life Trustee 0.10 X 0 0 0 Anthony T Dean Life Trustee 0.10 X 0 0 0 Debora de Hoyos Life Trustee 0.20 X 0 0 0 Charles Douglas Life Trustee 0.10 X 0 0 0 John A Edwardson Life Trustee 0.10 X 0 0 0 Thomas J Eyerman Life Trustee 0.10 X 0 0 0 James B Fadim Life Trustee 0.40 X 0 0 0 David W Fox Sr Life Trustee 0.10 X 0 0 0 Richard J Franke Life Trustee (until 06/30/22) 0.10 X 0 0 0 Cyrus F Freidheim Jr Life Trustee 0.20 X 0 0 0 H Laurance Fuller Life Trustee 0.10 X 0 0 0 Mrs Robert W Galvin Life Trustee 0.10 X 0 0 0 Paul C Gignilliat Life Trustee 0.20 X 0 0 0 Joseph B Glossberg Life Trustee 0.30 X 0 0 0 Richard C Godfrey Life Trustee 0.10 X 0 0 0 William A Goldstein Life Trustee 0.30 X 0 0 0 Howard L Gottlieb Life Trustee 0.10 X 0 0 0 Mary Winton Green Life Trustee 0.10 X 0 0 0 Dietrich Gross Life Trustee 0.10 X 0 0 0 David P Hackett Life Trustee 0.10 X 0 0 0 Joan W Harris Life Trustee 0.10 X 0 0 0 John H Hart Life Trustee 0.10 X 0 0 0 Thomas C Heagy Life Trustee 0.10 X 0 0 0 Jay L Henderson Life Trustee 0.30 X 0 0 0 Mrs Roger B Hull Life Trustee (until 06/30/22) 0.10 X 0 0 0 Judith W Istock Life Trustee 0.10 X 0 0 0 William R Jentes Life Trustee 0.20 X 0 0 0 Paul R Judy Life Trustee 0.10 X 0 0 0 Richard B Kapnick Life Trustee 0.10 X 0 0 0 Donald G Kempf Jr Life Trustee 0.10 X 0 0 0 George D Kennedy Life Trustee (until 06/30/22) 0.10 X 0 0 0 Mrs John C Kern Life Trustee 0.10 X 0 0 0 Robert Kohl Life Trustee 0.40 X 0 0 0 Josef Lakonishok Life Trustee 0.20 X 0 0 0 Charles Ashby Lewis Life Trustee 0.10 X 0 0 0 Eva F Lichtenberg Life Trustee 0.10 X 0 0 0 John S Lillard Life Trustee 0.10 X 0 0 0 Donald G Lubin Life Trustee (until 06/30/22) 0.10 X 0 0 0 John F Manley Life Trustee 0.20 X 0 0 0 Ling Z Markovitz Life Trustee 0.40 X 0 0 0 R Eden Martin Life Trustee 0.10 X 0 0 0 Arthur C Martinez Life Trustee 0.10 X 0 0 0 Judith W McCue Life Trustee 0.20 X 0 0 0 Lester H McKeever Life Trustee 0.10 X 0 0 0 David E McNeel Life Trustee 0.40 X 0 0 0 John D Nichols Life Trustee 0.10 X 0 0 0 James J O'Connor Life Trustee 0.20 X 0 0 0 William A Osborn Life Trustee 0.30 X 0 0 0 Mrs Albert Pawlick Life Trustee 0.10 X 0 0 0 Jane DiRenzo Pigott Life Trustee 0.30 X 0 0 0 John M Pratt Life Trustee 0.10 X 0 0 0 Dr Irwin Press Life Trustee 0.10 X 0 0 0 John W Rogers Jr Life Trustee 0.10 X 0 0 0 Jerry Rose Life Trustee 0.10 X 0 0 0 Frank A Rossi Life Trustee 0.20 X 0 0 0 Earl J Rusnak Jr Life Trustee 0.10 X 0 0 0 Cynthia M Sargent Life Trustee 0.10 X 0 0 0 John R Schmidt Life Trustee 0.30 X 0 0 0 Thomas C Sheffield Jr Life Trustee 0.20 X 0 0 0 Robert C Spoerri Life Trustee 0.10 X 0 0 0 Carl W Stern Life Trustee 0.10 X 0 0 0 Roger W Stone Life Trustee (until 06/30/22) 0.10 X 0 0 0 William H Strong Life Trustee 0.10 X 0 0 0 Louis C Sudler Jr Life Trustee 0.10 X 0 0 0 Richard L Thomas Life Trustee 0.20 X 0 0 0 Richard P Toft Life Trustee 0.30 X 0 0 0 Penny Van Horn Life Trustee 0.20 X 0 0 0 Paul R Wiggin Life Trustee 0.30 X 0 0 0 John Aalbregtse Trustee 0.60 X 0 0 0 Peter J Barack Trustee 0.40 X 0 0 0 H Rigel Barber Trustee 0.10 X 0 0 0 Randy Lamm Berlin Trustee 0.10 X 0 0 0 Roderick Branch Trustee 0.20 X 0 0 0 Kay Bucksbaum Trustee 0.10 X 0 0 0 Robert J Buford Trustee 0.30 X 0 0 0 Leslie Henner Burns Trustee 0.60 X 0 0 0 Debra A Cafaro Trustee 0.10 X 0 0 0 Marion A Cameron-Gray Trustee 0.10 X 0 0 0 George P Colis Trustee 0.30 X 0 0 0 Keith S Crow Trustee 0.20 X 0 0 0 Stephen V D'Amore Trustee 0.10 X 0 0 0 Timothy A Duffy Trustee 0.30 X 0 0 0 Brian W Duwe Trustee 0.10 X 0 0 0 Charles Emmons Jr Trustee 0.30 X 0 0 0 Judith E Feldman Trustee 0.30 X 0 0 0 Graham C Grady Trustee 0.20 X 0 0 0 Lori Julian Trustee 0.40 X 0 0 0 Neil T Kawashima Trustee 0.20 X 0 0 0 Geraldine Keefe Trustee 0.10 X 0 0 0 Donna L Kendall Trustee 0.10 X 0 0 0 Thomas G Kilroy Trustee 0.20 X 0 0 0 James Kolar Trustee (until 06/30/22) 0.10 X 0 0 0 Randall S Kroszner Trustee 0.20 X 0 0 0 Patty Lane Trustee 0.20 X 0 0 0 Susan C Levy Trustee 0.20 X 0 0 0 Britt M Miller Trustee 0.10 X 0 0 0 Mary Pivirotto Murley Trustee 0.30 X 0 0 0 Sylvia Neil Trustee 0.30 X 0 0 0 Shelley Ochab Trustee (until 06/30/22) 0.20 X 0 0 0 Gerald Pauling Trustee 0.50 X 0 0 0 Michael A Perlstein Trustee (until 06/30/22) 0.30 X 0 0 0 Jose Luis Prado Trustee (until 06/30/22) 0.10 X 0 0 0 Col Jennifer N Pritzker Trustee 0.10 X 0 0 0 Dr Don M Randel Trustee 0.10 X 0 0 0 Dr Mohan Rao Trustee 0.20 X 0 0 0 Burton X Rosenberg Trustee 0.20 X 0 0 0 Kristen C Rossi Trustee 0.20 X 0 0 0 E Scott Santi Trustee 0.10 X 0 0 0 Marlon R Smith Trustee 0.30 X 0 0 0 Walter Snodell Trustee 0.20 X 0 0 0 Dr Eugene Stark Trustee 0.10 X 0 0 0 Daniel E Sullivan Jr Trustee 0.30 X 0 0 0 Scott Swanson Trustee 0.10 X 0 0 0 Nasrin Thierer Trustee 0.30 X 0 0 0 Lisa Thomas Trustee 0.90 X 0 0 0 Terrence J Truax Trustee 0.20 X 0 0 0 Frederick H Waddell Trustee 0.50 X 0 0 0 William Ward Trustee 0.20 X 0 0 0 Paul SWatford Trustee 0.40 X 0 0 0 Craig R Williams Trustee 0.20 X 0 0 0 Robert A Wislow Trustee 0.20 X 0 0 0 Gifford R Zimmerman Trustee 0.20 X 0 0 0 Dale Hedding VP for Development 40.00 X 265794 0 20308 Stacie M Frank Assistant Treasurer 40.00 X 249994 0 33975 Renay Slifka Secretary (until 09/08/21) 40.00 X 78141 0 14977 Kristine Stassen Secretary (as of 09/09/21) 40.00 X 21813 0 6417 Vanessa Moss VP for Operations 40.00 X 232843 0 33424 Riccardo Muti Music Director 40.00 X 952263 0 0 Robert Chen Concertmaster 40.00 X 379024 0 110417 John Sharp Principal Cello 40.00 X 234272 0 87612 Stephen Williamson Principal Clarinet 40.00 X 232425 0 64200 Esteban Batallan Cons Principal Trumpet 40.00 X 217995 0 61152 3394005 0 471999 123 0 1 0 Allied Universal Security Services 1551 N Tustin Ave Ste 650 Santa Ana CA 92705 Security Services 630098 Riccardo Muti 220 S Michigan Avenue Chicago IL 606042559 Artist Performances 490153 Allied Advertising Limited Partnership 55 Cambridge Parkway Suite 200 Boston MA 02142 Marketing Print, Media Services 460919 Kimco Facility Services 3445 Peachtree Road Suite 1275 Atlanta GA 30326 Janitorial Services 400232 Tessitura Network Inc PO Box 222234 Dallas TX 752222234 Software Services 379191 19 1655857 10157450 50385053 10110155 62198360 Ticket Sales 711130 16311923 16311923 Performance/Streaming Fees 711130 2676287 2676287 Other Program Related Revenue 711130 885398 885398 Facility Rental Revenue 711130 436105 436105 Parking Lot Rental Revenue 711130 357500 357500 127991 84530 170270 -126809 20795204 4774794 4774794 113915 354973 -241058 -241058 -241058 113708464 98974092 99 14734372 -99 14734273 246423 14487850 413310 1655857 444118 -30808 -30808 360291 158959 201332 155557 45775 102432097 20549800 221410 19462527 5950 5950 1850626 310065 1206947 333614 35382295 30712860 2882286 1787149 2638269 2475363 100755 62151 5461051 4443177 652677 365197 2578593 2118931 305160 154502 263567 193976 66494 3097 153188 153188 244748 244748 1018441 1018441 6757908 5662950 1072135 22823 3571883 3245643 171174 155066 570461 298234 168200 104027 534533 279451 157607 97475 2812195 2294921 242741 274533 265460 209175 45984 10301 45200 8891 167 36142 4634031 4634031 3741305 3470687 270618 316396 316396 Credit Card Fees 689433 641403 48030 Music & Instrument Rent 474096 355104 118992 Equipment Rentals 461027 461027 Music License Fees 122090 122090 487504 240276 189221 58007 75080250 57550174 13773214 3756862 720231 386930 5736354 12925325 27583572 35270692 701138 628833 214092 174632 1118139 1169675 180219437 105351174 78004138 74868263 337162823 282706781 125201311 122511913 258325 247112 576700123 530890156 14187971 8573875 1157560 10667578 136394553 134133966 1000000 0 75305194 47095513 228045278 200470932 X 109369054 91849204 239285791 238570020 348654845 330419224 576700123 530890156 X 27351847 -72725291 27137823 X 0 1 X 1 0 X 35070114 30805974 37636059 49216933 62198360 214927440 35070114 30805974 37636059 49216933 62198360 214927440 36410186 178517254 4978476 6161973 4984289 4103490 4774794 25003022 289261 184670 435185 82651 991767 240922229 109262800 0.74100 0.74330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 403275000 17516000 -45302000 15520000 359969000 309653000 15890000 93768000 16036000 403275000 323051000 5327000 -3464000 15261000 309653000 314587000 10500000 12801000 14887000 323051000 304786000 2843000 21643000 14685000 314587000 0.38700 0.49600 0.11700 0 0 25475169 25475169 125836777 83146579 42690198 258036 258036 0 14681842 13722240 959602 13967613 8224319 5743294 74868263 Alternative investments - Absolute return 32623054 F Hedged equities 26635704 F Private equity 45175694 F Real assets 10283533 F Beneficial interest in trust 7793928 F 122511913 Pension benefits 34739279 Other long-term liabilities 1236321 Interest rate swap contracts 11119913 47095513 X 46471734 -72725291 524480 16300740 -55900071 102371805 1018441 -958149 60292 102432097 64707355 524480 -9878934 -9354454 74061809 1018441 1018441 75080250 Part V, Line 4: The Investment Committee, which oversees all the Corporation's investments, operates under investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs, while seeking to maintain the purchasing power of the endowment assets. Under these policies, the endowment assets are invested in a manner that, over time, will meet the long-term objective of a 5% real return on assets. The Corporation's policy is to preserve the historical dollar value of permanently restricted contributions, and to use any of the investment returns as is prudent considering the Corporation's long- and short-term needs, resources, duration and preservation of donor-restricted endowment funds, donor restrictions, expected total return on its investments, price level trends, general economic conditions, and investment policies. Part X, Line 2: Income taxes: The Corporation follows the standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation, continued tax exempt status of bonds payable, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Corporation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Change in Pension Plan Assets and Benefit Obligations 16,300,740. Part XI, Line 4b - Other Adjustments: Rental Expenses (Part VIII, Line 6b) -354,973. Cost of Goods Sold (Part VIII, Line 10b) -158,959. Gain (Loss) on Sale of Other Assets (Part VIII, Line 7c(ii)) -99. Special Events Expense (Part VIII, Line 8b) -444,118. Part XII, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 354,973. Cost of goods sold (Part VIII, Line 10b) 158,959. Gain (loss) on sale of other assets (Part VIII, Line 7c(ii)) 99. Interest Rate Swap -10,837,083. Special Events Expense (Part VIII, Line 8b) 444,118. Central America and the Caribbean 0 0 Alternative Investments (Hedged Equity, Absolute Return and Private Equity) in the Cayman Islands. 69067316 0 0 0 0 0 0 69067316 0 69067316 1 0 1 0 1 0 Part III Accounting Method: X X X X X X X 1 DCM Inc 261 West 35th Street Suite 600 New York NY 10001 Telefundraising Campaigns 0 582351 244748 337603 582351 244748 337603 AL AK AZ AR CA CO CT DE DC 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 Symphony Ball 1208560 939500 269060 7486 142736 12000 103813 Corporate Night 750208 659200 91008 11228 45357 1125 17201 4 110399 57157 53242 5168 40610 3770 53624 2069167 1655857 413310 5168 18714 228703 16895 174638 444118 -30808 1 Roosevelt University Chicago College of Performing Arts 430 S Michigan Chicago IL 60605 362167854 501 (c)(3) 5950 0 Civic Orchestra Fellowships 1 0 Part I, Line 2: The fellowship stipends are paid upon completion of responsibilities, attendance at rehearsals, performances, workshops, classes and coachings and remaining in good standing with the Civic Orchestra throughout the season as outlined in the Civic Policies and Procedures. Attendance and participation are monitored by the Civic Orchestra Manager and Coordinator of the Civic Orchestra of Chicago. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Riccardo Muti Music Director 942263 0 0 0 10000 0 0 0 0 0 952263 0 0 0 Jeff Alexander President 525183 0 500 0 3758 0 22357 0 17160 0 568958 0 0 0 Robert Chen Concertmaster 378748 0 0 0 276 0 70509 0 39908 0 489441 0 0 0 John Sharp Principal Cello 233480 0 0 0 792 0 47362 0 40250 0 321884 0 0 0 Stephen Williamson Principal Clarinet 232149 0 0 0 276 0 25400 0 38800 0 296625 0 0 0 Dale Hedding VP for Development 254213 0 10500 0 1081 0 10782 0 9526 0 286102 0 0 0 Stacie M Frank Assistant Treasurer 239134 0 10500 0 360 0 10393 0 23582 0 283969 0 0 0 Esteban Batallan Cons Principal Trumpet 217887 0 0 0 108 0 32665 0 28487 0 279147 0 0 0 Vanessa Moss VP for Operations 221419 0 10500 0 924 0 17982 0 15442 0 266267 0 0 0 Part I, Line 1a Charter travel is provided for all employees during certain foreign and domestic tours when deemed more economical. Part I, Line 7 Annually, the Chair of the Board reviews and approves any bonus payment for the President. Other bonuses paid to listed employees in 2021 were approved by the Chair of the Board. A Illinois Finance Authority-Part II-Col A 861091967 45200FGY9 2008-05-29 83015000 See Part VI 0 0 0 B Illinois Finance Authority-Part II-Col B 861091667 000000000 2018-06-01 46100000 See Part VI 0 0 0 A 83015000 620000 81364393 722487 308120 1997 1 0 1 1 B 6900000 46100000 1997 1 0 1 1 A 0 0 1 1 1 0 0 0 1 B 0 1 1 1 1 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: Illinois Finance Authority-Part II-Col A Date the Rebate Computation was Performed: 05/20/2013 Issuer Name: Illinois Finance Authority-Part II-Col B Date the Rebate Computation was Performed: 06/01/2018 Schedule K Supplental Information Part I, Line A, Column (f): The Bonds were issued to (i) refinance a line of credit to the Chicago Symphony Orchestra (the Symphony) from the Northern Trust Company (the Line of Credit) and pay or reimburse the Symphony for certain costs relating to the conversion of the interest rate mode (the Series 2002 Conversion) on the $80,650,000 original aggregate principal amount of the Illinois Educational Facilities Authority Revenue Refunding Bonds, Chicago Symphony Orchestra, Series 2002 (the Series 2002 Bonds) and (ii) pay a portion of the interest on the Bonds and certain costs of issuance of the Bonds (including credit enhancement). The proceeds of the Line of Credit were used to finance a portion of the costs of (i) financing the mandatory purchase of the Series 2002 Bonds by the Symphony in connection with the Series 2002 Conversion, (ii) paying certain costs and expenses related to (a) the incurrence and maintenance of the Line of Credit, and (b) the Series 2002 Conversion, and (iii) paying accrued interest on the Line of Credit. The Series 2002 Bonds were issued on December 19, 2002 to refund all of the $77,900,000 original aggregate principal amount of the Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1996 (Chicago Symphony Orchestra Project) (the Series 1996 Bonds), (ii) pay a portion of interest on the Series 2002 Bonds, and (iii) pay a portion of costs of issuance (including bond insurance premium). The 1996 Bonds were issued on June 12, 1996 to (i) finance, refinance and reimburse the Symphony for certain costs relating to the renovation and expansion of Orchestra Hall and surrounding properties, (ii) pay a portion of interest on the Series 1996 Bonds, (iii) pay or reimburse the Symphony for a portion of the interest on the $50,000,000 Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project), and (iv) pay certain costs relating to letters of credit and costs of issuance. Schedule K, Supplemental Information: Part I, Line B, Column (f): The Bonds were issued to currently refund the $50,000,000 original aggregate principal amount Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project) (the Series 1994 Bonds). The Series 1994 Bonds were issued on June 23, 1994. The Series 1994 Bonds were issued to (i) finance or reimburse a portion of the costs of facilities of the Symphony ( the Prior Project), (ii) refinance a loan made from The Northern Trust Company to the Symphony for the purpose of paying the costs of a feasibility study relating to the Prior Project and funding an earnest money deposit relating to the acquisition of certain real estate on which a portion of the Prior Project is now located, (iii) refinance a loan made from The Northern Trust Company and The Sanwa Bank, Limited, acting through its Chicago branch, to the Symphony for the purpose of paying the costs of the acquisition of real estate (including buildings located thereon) on which a portion of the Prior Project is now located, (iv) finance the payment of a portion of the interest on the Series 1994 Bonds during the period of completion of the Prior Project, (v) pay certain costs relating to the issuance and maintenance of a credit facility during the period of completion of the Prior Project and (vi) pay certain costs relating to the issuance of the Series 1994 Bonds. X 80 9856380 FMV - Stock gifts X Airfare Miles 1 125488 Fair Market Value X Covid Tests 1 124939 Fair Market Value X Cough Drops 1 3348 Fair Market Value 0 0 1 0 Part I, Column (b): Line 9: The number of contributions for the Securities - publicly traded is the number of stock gifts received, not the number of donors or shares contributed. Form 990, Part VI, Section A, line 2 Business Relationship 1: Jay L. Henderson, E. Scott Santi Business Relationship 2: Richard C. Godfrey, Keith S. Crow Business Relationship 3: Debora de Hoyos, Britt Miller, John R. Schmidt Business Relationship 4: Jay L. Henderson, Susan C. Levy, Jose Luis Prado Business Relationship 5: Debra A. Cafaro, Scott C. Swanson Business Relationship 6: Gerald L. Pauling II, Burton X. Rosenberg Business Relationship 7: Walter Carlson (spouse of Debora de Hoyos) Charles W. Douglas, R. Eden Martin Form 990, Part VI, Section A, line 6 The members of the Chicago Symphony Orchestra (the "Corporation") are designated as Governing Members. Governing Members are elected from among persons who have demonstrated a significant interest in the CSO and who meet such additional criteria as the Board of Trustees may from time to time determine. Form 990, Part VI, Section A, line 7a Governing Members ratify the election of Governing Members and, at each Annual Meeting, the fully ratified Governing Members elect Regular and Life Trustees. Form 990, Part VI, Section B, line 11b The CSO's tax advisor, RSM, prepares the Form 990 using the audited financial statements and supporting schedules prepared by CSO staff. Staff and the tax advisor discuss and review the entire Form 990 and Form 990-T with members of the CSO Audit Committee, who review and accept it before it is filed as set forth in the Committee Authority and Responsibility section of the Audit Committee charter. The 2021 Form 990 and Form 990-T were reviewed and approved at the April 25, 2023 meeting of the Audit Committee. Form 990, Part VI, Section B, line 12c The CSO maintains a Conflict of Interest Policy that applies to all trustees, the Executive Committees of certain auxiliary operations operating under the CSO's bylaws, senior management and other designated staff members, and non-trustee members of Trustee committees. The Policy requires each person to whom the policy applies to complete an annual disclosure questionnaire that discloses any business or financial interest, which might reasonably be expected to give rise to a possible conflict between the interest of the CSO and the interest of such person. To the extent that the required disclosure questionnaire cannot be obtained after multiple attempts, alternative procedures are completed by staff and the Audit Committee to reasonably conclude whether any conflicts exists. The Policy forbids such individuals from voting on or using their personal influence in connection with such business or financial issues. In the event the CSO does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members are independent per the terms of its charter. The CSO requires each non-union employee to conduct themselves in accordance with the code of Business Conduct and Ethics, approved by the Board of Trustees, and to sign an annual statement acknowledging their understanding of and compliance with the Code. Form 990, Part VI, Section B, line 15 The process for determining the compensation of the President included a meeting on May 3, 2022, of the Human Resources Committee, which was comprised of five independent trustees and two non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. The process for determining the compensation of other officers or key employees included a meeting on May 3, 2022, of the Human Resources Committee, which was comprised of five independent trustees and two non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. Form 990, Part VI, Section C, line 19 Financial statements, governing documents and conflict of interest policy are available to the public upon request pursuant to the guidelines of section 6104(d). Form 990, Part XI, line 9: Interest rate swap fair value adjustments 10,837,083. Changes in pension plan assets and benefit obligations 16,300,740.