2023-07-17T14:39:53-05:00 2022-08-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2021-09-01 570660848 SPOLETO FESTIVAL USA INC SPOL 8437222764 14 GEORGE STREET CHARLESTON SC 29401 BRENT DICKMAN CHIEF FINANCIAL OFFICER 8437222764 2023-07-17 1 BRENT DICKMAN 999009999 JANICE A RATICA P00358837 7043338881 2023-07-13 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRENT DICKMAN 14 GEORGE STREET CHARLESTON SC 29401 10548293 0 X WWW.SPOLETOUSA.ORG X 1977 SC THE MISSION OF SPOLETO FESTIVAL USA IS TO PRESENT PROGRAMS OF THE HIGHEST ARTISTIC CALIBER WHILE MAINTAINING A DEDICATION TO YOUNG ARTISTS, A COMMITMENT TO ALL FORMS OF THE PERFORMING ARTS, A PASSION FOR CONTEMPORARY INNOVATION, AND AN ENTHUSIASM FOR PROVIDING UNUSUAL PERFORMANCE OPPORTUNITIES FOR ESTABLISHED ARTISTS. 41 41 137 198 31795 0 5616901 6263276 896952 2906204 470441 472050 341029 295586 7325323 9937116 0 0 0 0 2216788 4022010 0 0 941405 3697829 7140264 5914617 11162274 1410706 -1225158 23626585 18626887 3185511 2054870 20441074 16572017 X THE FESTIVAL'S MISSION IS TO PRESENT PROGRAMS OF THE HIGHEST ARTISTIC CALIBER WHILE MAINTAINING A DEDICATION TO YOUNG ARTISTS, A COMMITMENT TO ALL FORMS OF THE PERFORMING ARTS, A PASSION FOR CONTEMPORARY INNOVATION, AND AN ENTHUSIASM FOR PROVIDING UNUSUAL PERFORMANCE OPPORTUNITIES FOR ESTABLISHED ARTISTS. THIS FOCUS HAS BROUGHT THE FESTIVAL INTERNATIONAL ACCLAIM YEAR AFTER YEAR. CONTRIBUTING TO THE FESTIVAL'S ONGOING SUCCESS IS ITS LOCATION IN CHARLESTON. RECOGNIZED THE WORLD OVER FOR ITS STUNNING NATURAL BEAUTY, IMPRESSIVE ARRAY OF PRESERVED HISTORICAL ARCHITECTURE, AND WEALTH OF CHARMING PERFORMANCE VENUES, CHARLESTON PROVIDES AN INCOMPARABLE SETTING FOR AUDIENCE MEMBERS AND GUEST ARTISTS ALIKE. 0 0 7274773 2685239 FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES, AND OUTDOOR SPACES WITH PERFORMANCES BY RENOWNED ARTISTS, AS WELL AS EMERGING PERFORMERS IN DANCE, MUSIC, OPERA, AND THEATER. SPOLETO FESTIVAL IS INTERNATIONALLY RECOGNIZED AS AMERICA'S PREMIER PERFORMING ARTS FESTIVAL. THE 2022 FESTIVAL INCLUDED OVER 120 PERFORMANCES ENJOYED BY OVER 41,000 ATTENDEES. 781667 232856 EACH YEAR THE FESTIVAL DEVELOPS A FESTIVAL CHORUS AND ORCHESTRA WITH MORE THAN 100 MUSICIANS. THROUGH NATIONWIDE AUDITIONS, A TALENTED GROUP OF YOUNG PROFESSIONALS AND STUDENTS ARE SELECTED FOR A RESIDENT ENSEMBLE. THE FESTIVAL ORCHESTRA HAS PROVEN TO BE ONE OF THE FINEST OPPORTUNITIES FOR YOUNG MUSICIANS TO GAIN EXTENSIVE PERFORMANCE EXPERIENCE. ALUMNI OF THE SPOLETO FESTIVAL ORCHESTRA CAN BE FOUND IN ALMOST EVERY PROFESSIONAL ORCHESTRA IN THE UNITED STATES AND MANY ABROAD. 143800 ANNUALLY THE FESTIVAL PROVIDES AN APPRENTICESHIP PROGRAM FOR SHORT-TERM INTENSIVE AND EXCITING LEARNING OPPORTUNITIES ABOUT THE WORLD OF PERFORMING ARTS. FIFTY COLLEGE STUDENTS ACQUIRED HANDS-ON EXPERIENCE UNDER THE GUIDANCE OF PROFESSIONAL ARTS ADMINISTRATORS AND TECHNICIANS. 8200240 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 104 0 1 137 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X BRENT DICKMAN 8437222764 14 GEORGE STREET CHARLESTON SC 29401 MR RICHARD J ALMEIDA DIRECTOR 0.30 X 0 0 0 MR DEAN PORTER ANDREWS DIRECTOR 0.30 X 0 0 0 MR LARRY ANTONATOS DIRECTOR 0.30 X 0 0 0 MRS KATHARINE I BACHMANN DIRECTOR 0.30 X 0 0 0 MS SUSAN L BAKER DIRECTOR 0.30 X 0 0 0 MS JUDITH N BATTY DIRECTOR 0.30 X 0 0 0 MRS CLAIRE HOLDING BRISTOW DIRECTOR 0.30 X 0 0 0 MR DERICK S CLOSE DIRECTOR 0.30 X 0 0 0 MR GARY T DICAMILLO DIRECTOR 1.00 X 0 0 0 MR HARRY H FRAMPTON III DIRECTOR 0.30 X 0 0 0 MRS BARBARA GS HAGERTY DIRECTOR 0.30 X 0 0 0 MRS LOU RENA HAMMOND DIRECTOR 0.30 X 0 0 0 DR COURTNEY L TOLLISON HARTNESS DIRECTOR 0.30 X 0 0 0 MS M RUSSELL HOLLIDAY JR DIRECTOR 0.30 X 0 0 0 PRESIDENT ANDREW T HSU DIRECTOR 0.30 X 0 0 0 DR EDDIE L IRIONS JR DIRECTOR 0.30 X 0 0 0 MRS DEBORAH KENNEDY KENNARD DIRECTOR 0.30 X 0 0 0 DR GEORGE H KHOURY DIRECTOR 0.30 X 0 0 0 MRS ELIZABETH P MACLEOD DIRECTOR 0.30 X 0 0 0 MRS SUSANNE H MCGUIRE DIRECTOR 0.30 X 0 0 0 MS MARTHA RHODES MCLENDON DIRECTOR 0.30 X 0 0 0 MR MARK MUNN DIRECTOR 0.30 X 0 0 0 MRS ANNE BULLOCK PERPER DIRECTOR 0.30 X 0 0 0 MR WALTER G SEINSHEIMER JR DIRECTOR 0.30 X 0 0 0 MRS CYNTHIA ANNE SOLOMON DIRECTOR 0.30 X 0 0 0 MRS ELIZABETH H SULLIVAN DIRECTOR 0.30 X 0 0 0 MRS HELLENA HUNTLEY TIDWELL DIRECTOR 0.30 X 0 0 0 MR C DOUGLAS WARNER DIRECTOR 0.30 X 0 0 0 MS PALMER WEISS DIRECTOR 0.30 X 0 0 0 MRS ALICIA MULLEN GREGORY CHAIR 1.00 X X 0 0 0 MR JOHN B HAGERTY GENERAL COUNSEL & SECRETARY 2.00 X X 0 0 0 MR PHILLIP D SMITH PRESIDENT 1.00 X X 0 0 0 MR ANDREW T BARRETT TREASURER 1.00 X X 0 0 0 MR RICHARD W CHISHOLM VICE PRESIDENT 0.30 X X 0 0 0 MS REBECCA W DARWIN VICE PRESIDENT 1.00 X X 0 0 0 MRS JENNIE L DESCHERER VICE PRESIDENT 1.00 X X 0 0 0 DR ELIZABETH A FLEMING VICE PRESIDENT 0.30 X X 0 0 0 MS MARGIE ANN MORSE VICE PRESIDENT 1.00 X X 0 0 0 MR MICHAEL C TARWATER VICE PRESIDENT 0.30 X X 0 0 0 MRS CYNTHIA B THOMPSON VICE PRESIDENT 1.00 X X 0 0 0 MR LOREN R ZIFF VICE PRESIDENT 1.00 X X 0 0 0 MR NIGEL REDDEN GENERAL DIRECTOR 40.00 X 305971 0 17379 DR MENA HANNA GENERAL DIRECTOR 40.00 X 127624 0 5018 MS TASHA GANDY CHIEF FINANCIAL OFFICER 40.00 X 147228 0 21446 MS JULIA FORSTER DIRECTOR OF DEVELOPMENT 40.00 X 141105 0 22997 MS NICOLE TANEY DIRECTOR OF ARTISTIC PLANN 40.00 X 120269 0 15937 MR MICHAEL EAST DIRECTOR OF PRODUCTION 40.00 X 109271 0 6456 951468 0 89233 6 0 1 0 COLLEGE OF CHARLESTON 66 GEORGE STREET CHARLESTON SC 29424 FACILITY RENTALS 496998 TTS STUDIOS LLC PO BOX 20066 CHARLESTON SC 29413 SCENERY PRODUCTION AND SET UP 460050 4WALL ENTERTAINMENT INC 1 CAROL PLACE MOONACHIE NJ 07074 SOUND AND LIGHTING 361331 BLUECROSS BLUESHIELD OF SOUTH CAROLINA PO BOX 6000 COLOMBIA SC 29260 EMPLOYEE HEALTH INSURANCE 211276 THE GAILLARD MANAGEMENT CORPORATION 95 CALHOUN ST CHARLESTON SC 29401 FACILITY RENTALS 195703 10 184259 2429805 3649212 6263276 ADMISSION SALES 711190 2689735 2689735 BOX OFFICE HANDLING FE 711190 216469 216469 2906204 285698 285698 499220 166879 332341 332341 101236 231105 186352 0 186352 186352 186352 463400 184259 442605 20795 20795 13584 1693 11891 11891 ADVERTISING 541800 -69441 -69441 -69441 9937116 2918095 31795 723950 500547 290478 107262 102807 2879477 1671023 617041 591413 120580 69975 25839 24766 269426 156354 57735 55337 251980 146229 53997 51754 30063 30063 162409 21832 140577 180858 174606 273 5979 544524 71315 456878 16331 139388 72315 58556 8517 1254368 1116800 119416 18152 515865 267633 216710 31522 158840 20803 133273 4764 PERFORMANCE FEES 2190365 2190365 0 0 GENERAL PRODUCTION 1925380 1892308 33072 0 AUDITIONS AND WORKSHOPS 38204 38204 11162274 8200240 2020629 941405 2186539 716129 1484555 663098 351247 155318 4000 4000 254119 132667 12922998 7858166 5111481 5064832 13810769 11541519 423875 349324 23626585 18626887 371320 265225 432168 277706 2368740 1504322 13283 7617 3185511 2054870 X 3504760 3451659 16936314 13120358 20441074 16572017 23626585 18626887 X -1225158 -2569348 -74551 X X 0 1 X 1 0 X 4275883 3817232 4698556 5616901 6263276 24671848 7650 7650 15300 4283533 3824882 4698556 5616901 6263276 24687148 379903 24307245 450540 499641 499446 491276 784918 2725821 3947 16620 20567 27433536 10428704 0.88600 0.86960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14520166 78000 -2126921 450678 12020567 11710633 691364 2563553 445384 14520166 10371636 338940 1330057 330000 11710633 10423264 8616 239756 300000 10371636 9179677 1011809 496778 265000 10423264 0.00000 0.85670 0.14330 0 0 4580070 2850663 1729407 7037334 4074874 2962460 1067007 730392 336615 238587 202237 36350 5064832 CAPITAL LEASE PAYABLE 7617 7617 X 7529437 -2569348 266283 -2303065 9832502 30063 74551 104614 9937116 11398494 266283 266283 11132211 30063 30063 11162274 PART V, LINE 4: THE FESTIVAL'S ENDOWMENTS CONSIST OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE NET ASSETS ASSOCIATED WITH THE ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. PART X, LINE 2: GAAP PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. GAAP ALSO PROVIDES GUIDANCE ON DERECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE STATEMENTS OF FINANCIAL POSITION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS EVALUATED THE FESTIVAL'S TAX POSITIONS AND CONCLUDED THAT THE FESTIVAL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED AUGUST 31, 2022 OR 2021. WITH FEW EXCEPTIONS, THE FESTIVAL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 166,879. ADVERTISING EXPENSE 99,404. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 74,551. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 166,879. ADVERTISING EXPENSE 99,404. FEST FEAST 97223 26873 70350 5000 28585 2250 20091 AUCTION 246750 246750 10448 19276 4143 47417 27 303686 157386 146300 5000 155000 3500 141895 647659 184259 463400 20448 202861 9893 209403 442605 20795 X X X X 0 0 0 0 0 0 0 0 0 MR NIGEL REDDEN GENERAL DIRECTOR 282989 0 2166 0 20816 0 17344 0 35 0 323350 0 0 0 MS TASHA GANDY CHIEF FINANCIAL OFFICER 145062 0 2166 0 0 0 8626 0 12820 0 168674 0 0 0 MS JULIA FORSTER DIRECTOR OF DEVELOPMENT 138939 0 2166 0 0 0 8261 0 14736 0 164102 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER HAS THE OPPORTUNITY TO REVIEW AND COMMENT ON THE ORGANIZATION'S FORM 990 BY POSTING ON A SECURE WEB SITE. ACCESS INFORMATION IS PROVIDED TO THE FULL BOARD VIA EMAIL AND THE BOARD IS GIVEN SEVEN DAYS IN WHICH TO COMMENT PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED WITH AN ANNUAL QUESTIONNAIRE. BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS. ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS SHALL NOT VOTE IN CONNECTION WITH THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZES VARIOUS FORMS OF CURRENT SALARY INFORMATION TO DETERMINE THE ANNUAL COMPENSATION FOR THE FESTIVAL'S DIRECTOR, CHIEF FINANCIAL OFFICER, AND ALL KEY EMPLOYEES. ONCE THE DATA IS SUMMARIZED AND ANALYZED, THE FESTIVAL'S BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION OF THE DIRECTOR AND DOCUMENTS THE DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE FESTIVAL'S PUBLIC DISCLOSURE COPY OF FORM 990 IS AVAILABLE FOR INSPECTION AT THE FESTIVAL'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -74,551. FORM 990, PAGE 12, PART XI, LINE 10 THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.