2022-02-26T08:12:41-06:00 2021-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2020-07-01 560556755 NORTH CAROLINA SYMPHONY SOCIETY INC NORT 9197332750 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 SANDI MA MACDONALD PRESIDENT & CEO 9197332750 2022-02-24 1 SANDI MA MACDONALD 999009999 YONG ZHANG CPA P01249785 7033366400 2022-02-24 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SANDI MA MACDONALD 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 29660909 0 X NCSYMPHONY.ORG X 1932 NC 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. 52 52 210 168 0 0 10385062 11983970 3993904 1392549 488730 2494823 11154 1487078 14878850 17358420 0 0 0 0 10197253 7694009 0 0 1053927 4722401 2337262 14919654 10031271 -40804 7327149 18272121 26342195 2211731 1549569 16060390 24792626 X 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 7168701 1392549 FOUNDED IN 1932, THE NORTH CAROLINA SYMPHONY (NCS) WAS THE FIRST STATE-SUPPORTED ORCHESTRA IN THE COUNTRY. ITS DUAL MISSION OF STATEWIDE SERVICE & MUSIC EDUCATION CONTINUES TODAY. IT IS THE LARGEST PERFORMING ARTS ORGANIZATION IN NORTH CAROLINA & HAS THE MOST EXTENSIVE EDUCATION PROGRAM OF ANY U.S. ORCHESTRA. ANNUALLY, IT PERFORMS 175 FULL ORCHESTRA CONCERTS, TRAVELS MORE THAN 18,500 MILES, REACHES 98 COUNTIES & PERFORMS FOR 250,000 PEOPLE INCLUDING MORE THAN 55,000 STUDENTS. IN MARCH 2020 & DUE TO THE PANDEMIC, NCS PIVOTED ITS PROGRAMS ONLINE RESULTING IN EXPANDED DELIVERY OF ITS MISSION BEYOND NORTH CAROLINA AND TO NATIONAL AND INTERNATIONAL MARKETS. THE ORCHESTRA RETURNED TO IN-PERSON PROGRAMS IN MAY 2021.GOVERNMENT CAPACITY RESTRICTIONS PREVENTED NCS FROM ACHIEVING $5.2M IN REVENUE. EXPENSES WERE SIGNIFICANTLY CURTAILED INCLUDING VOLUNTARY SALARY REDUCTIONS. EDUCATION SERVICE TO THE STUDENTS OF NORTH CAROLINA CONTINUED VIRTUALLY WITH A SIGNIFICANT FOCUS ON ELEMENTARY SCHOOL STUDENTS. IN FISCAL 2021, THE SYMPHONY CREATED A RECOVERY RESERVE FUND TO OFFSET PROJECTED DECLINES IN FUNDING IN SUBSEQUENT YEARS AS COMPARED TO PRE-PANDEMIC LEVELS OF EARNED AND CONTRIBUTED INCOME. IT IS UNKNOWN HOW LONG THE ADVERSE CONDITIONS ASSOCIATED WITH THE CORONAVIRUS WILL LAST AND WHAT THE COMPLETE FINANCIAL EFFECT WILL BE TO THE SYMPHONY. 7168701 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 60 0 1 210 1 0 0 0 0 0 0 0 0 0 0 0 0 X 52 52 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X ROBERT SCHILLER 9197332750 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 MR DON DAVIS CHAIR 5.00 1.00 X X 0 0 0 DR WM CHARLES HELTON VICE CHAIR 3.00 X X 0 0 0 MR JOSEPH C BASTIAN TREASURER 3.00 X X 0 0 0 MR TERRY L STEVENS ASSISTANT TREASURER 3.00 X X 0 0 0 MRS ASHLEY MATLOCK PERKINSON SECRETARY 3.00 X X 0 0 0 MRS DEBORAH M AIKEN TRUSTEE 1.00 X 0 0 0 DR TIMOTHY ALTMAN TRUSTEE 1.00 X 0 0 0 DR TRUDE R BATE TRUSTEE 1.00 X 0 0 0 MS DENISE BENNETT TRUSTEE 1.00 X 0 0 0 MRS JANIE BIRD TRUSTEE 1.00 X 0 0 0 MR JUD BOWMAN TRUSTEE 1.00 X 0 0 0 MS PATTY BRIGUGLIO TRUSTEE 1.00 X 0 0 0 MR STEPHEN W BURRISS TRUSTEE 1.00 X 0 0 0 MR TIM CLANCY TRUSTEE 1.00 X 0 0 0 THE HONORABLE ROY COOPER TRUSTEE 0.00 X 0 0 0 MR JEFFREY CORBETT TRUSTEE 1.00 X 0 0 0 MR RICHARD L DAUGHERTY DICK TRUSTEE 1.00 1.00 X 0 0 0 MR KEITH DONAHUE TRUSTEE 1.00 X 0 0 0 DR ROBERT N EBY BOB TRUSTEE 1.00 X 0 0 0 MR RICK GARDNER TRUSTEE 1.00 X 0 0 0 MR MICHAEL GERING TRUSTEE 1.00 X 0 0 0 MR MICHAEL GOLDEN TRUSTEE 1.00 X 0 0 0 MR DONALD A HAILE TRUSTEE 1.00 X 0 0 0 MR DAVID L HAINES TRUSTEE 1.00 X 0 0 0 MRS SUSI HAMILTON TRUSTEE (UNTIL 12/20) 1.00 X 0 0 0 MRS ELAINE BRYANT HAYES TRUSTEE 1.00 X 0 0 0 RICHARD EDWARD HINSON TRUSTEE 1.00 X 0 0 0 MR KEVIN HOWELL TRUSTEE 1.00 X 0 0 0 MR MICHAEL PATRICK HUGHES TRUSTEE (UNTIL 09/20) 1.00 X 0 0 0 THE HONORABLE MARK JOHNSON TRUSTEE (UNTIL 12/20) 1.00 X 0 0 0 MR L DWAIN JOYCE TRUSTEE 1.00 X 0 0 0 MRS CECELIA ECKERT KENNEDY TRUSTEE 1.00 X 0 0 0 DR ROBERT LACIN TRUSTEE 1.00 X 0 0 0 MR ROBERT MACNEILL JR TRUSTEE 1.00 X 0 0 0 MRS JANE MARR TRUSTEE 1.00 X 0 0 0 MR BRANFORD MARSALIS TRUSTEE 1.00 X 0 0 0 DR ASSAD MEYMANDI LIFETIME TRUSTEE 1.00 X 0 0 0 MRS LOUISE A MILLER TRUSTEE 1.00 X 0 0 0 MR JAMES MORGAN TRUSTEE 1.00 X 0 0 0 MR GRAHAM MOSELY TRUSTEE (UNTIL 03/21) 1.00 X 0 0 0 MRS FLORENCE PEACOCK TRUSTEE 1.00 X 0 0 0 DR EMILY MANN PECK TRUSTEE 1.00 X 0 0 0 MS MARGARET SMEDES POYNER TRUSTEE 1.00 X 0 0 0 DR RAMACHANDRA P REDDY TRUSTEE 1.00 X 0 0 0 MR JASON SMITH TRUSTEE 1.00 X 0 0 0 MRS TRACEY FODOR SMITH TRUSTEE 1.00 X 0 0 0 MR DAVID SONTAG TRUSTEE 1.00 X 0 0 0 MRS LINDA J STAUNCH TRUSTEE 1.00 X 0 0 0 MR M GRAY STYERS JR TRUSTEE 1.00 X 0 0 0 MS SANDRA SULLY TRUSTEE 1.00 X 0 0 0 THE HONORABLE CATHERINE TRUITT TRUSTEE 1.00 X 0 0 0 MRS JENNIE H WALLACE TRUSTEE 1.00 X 0 0 0 MR DERECK WHITTENBURG TRUSTEE 1.00 X 0 0 0 MR D REID WILSON TRUSTEE 1.00 X 0 0 0 MR LARRY WILSON TRUSTEE 1.00 5.00 X 0 0 0 MR EDWARD WOOLNER LIFETIME TRUSTEE (UNTIL 01/21) 1.00 X 0 0 0 MR TIM YULL TRUSTEE 1.00 X 0 0 0 SANDI MACDONALD CEO 55.00 5.00 X 230155 0 32376 ROBERT SCHILLER SENIOR VP FINANCE&CFO 55.00 5.00 X 143212 0 6466 ELIZABETH RANSOM VP OF PHILANTHROPY 50.00 X 120148 0 13056 BRIAN REAGIN MUSICIAN 40.00 X 113929 0 23529 607444 0 75427 4 0 1 0 0 860234 7657283 3466453 391747 11983970 CONCERT REVENUE 711190 1334517 1334517 EDUCATION 711190 37825 37825 PROGRAM PROCESSING FEES 711190 20207 20207 1392549 381637 381637 14415675 12302489 2113186 2113186 2113186 EMPLOYEE RETENTION TAX CREDIT 900099 1485453 1485453 MISCELLANEOUS 900099 1625 1625 1487078 17358420 1392549 0 3981901 621531 150408 242893 228230 5248628 4358145 587092 303391 405630 320675 84584 371 1021259 894065 59312 67882 396961 316046 62562 18353 519640 150078 108055 261507 46040 46040 55972 55972 21888 21888 119870 6574 54155 59141 300465 297574 2891 73770 7913 29429 36428 8946 5062 2148 1736 211405 49946 99381 62078 7139 5949 8 1182 50130 22204 17189 10737 334977 300 334677 GUEST ARTISTS 213939 213939 CONCERT PRODUCTION 200612 198842 1770 BOX OFFICE 52193 52193 120276 118788 1488 10031271 7168701 1808643 1053927 1230843 4150417 698818 1914350 1084796 1011840 49658 992876 370221 199801 1070038 928777 133290 141261 14627097 17836501 77398 95149 18272121 26342195 355136 428934 1671815 987896 14510 9783 170270 122956 2211731 1549569 X 1949683 7821364 14110707 16971262 16060390 24792626 18272121 26342195 7327149 1405087 0 X 0 1 X 1 0 X 9940491 9980403 21107460 10385062 11983970 63397386 605469 499674 443473 435854 317369 2301839 10545960 10480077 21550933 10820916 12301339 65699225 8842146 56857079 110669 161718 351639 420336 387637 1431999 89538 171964 55410 11154 1487078 1815144 68946368 19437844 0.82470 0.79930 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 20,543. 2017 AMOUNT: $ 7,339. 2018 AMOUNT: $ 5,328. 2019 AMOUNT: $ 11,154. 2020 AMOUNT: $ 1,625. FUNDRAISING REV - 2016 AMOUNT: $ 68,995. 2017 AMOUNT: $ 164,625. 2018 AMOUNT: $ 50,082. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. EMPLOYEE RETENTION CREDIT - 2020 AMOUNT: $ 1,485,453. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 55972 0 0 55972 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. OUR DUES WERE $3,000 FOR FY2021 AND A PORTION OF THIS WILL GO TOWARD LOBBYING. OUR STAFF IS INVOLVED IN THE LEGISLATIVE BUDGET PROCESS EACH YEAR DUE TO STATE FUNDING AND IN-KIND FUNDS RECEIVED FROM THE STATE OF NORTH CAROLINA DEPARTMENT OF NATURAL AND CULTURAL RESOURCES. OUR PRESIDENT SERVES AS A DIVISION DIRECTOR WITHIN THE DEPARTMENT OF NATURAL AND CULTURAL RESOURCES. OUR BOARD OF DIRECTORS IS INVOLVED IN INDIVIDUAL EFFORTS TO MAINTAIN OUR STATE SUPPORT. DURING THE 2021 FISCAL YEAR, THE SYMPHONY ALSO ACTIVELY SOUGHT CITY, COUNTY AND FEDERAL GRANTS TO SUPPORT OUR PROGRAMS. WE ALSO RECEIVE IN-KIND SUPPORT FROM THE CITY OF RALEIGH FOR THE USE OF FACILITIES. IN TERMS OF NATIONAL ISSUES, WE ARE A MEMBER OF THE LEAGUE OF AMERICAN ORCHESTRAS TO WHICH WE PAID ANNUAL DUES OF $16,884. AMONG THEIR ACTIVITIES IS GOVERNMENTAL AFFAIRS AND LOBBYING FOR ISSUES RELATED TO THE ARTS. THE LEAGUE OF AMERICAN ORCHESTRAS SPENDS 2% ON LOBBYING EFFORTS THE NORTH CAROLINA SYMPHONY SPENT A TOTAL OF $55,972 ON DIRECT LOBBYING EXPENSES IN FY2021. NO PUBLIC FUNDING WAS USED FOR THESE EXPENSES. 14547838 3899910 670797 21880 17755071 14581729 653746 667006 20631 14547838 3894047 10000000 1214267 510607 15979 14581728 3920259 10634 291753 189545 4033101 3654295 435288 169324 3920259 0.13580 0.56320 0.30100 0 1 1 87726 87726 0 724771 663574 61197 257541 177477 80064 141261 INTERCOMPANY PAYABLE 73197 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 49759 122956 X 19081638 1405087 340019 1745106 17336532 21888 21888 17358420 10349402 340019 340019 10009383 21888 21888 10031271 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT TO THE SOCIETY. 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. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE: 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. X X X X X 0 0 0 0 0 0 0 0 0 SANDI MACDONALD CEO 230076 0 0 0 79 0 8092 0 24284 0 262531 0 0 0 X 29 391747 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR OF THE STATE OF NC 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 THE NORTH CAROLINA SYMPHONY HAS A CONFLICT OF INTEREST POLICY WHICH ALL TRUSTEES AND EMPLOYEES ARE REQUIRED TO COMPLETE. 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 NC SYMPHONY FOUNDATION INC C 860234 CASH NC SYMPHONY FOUNDATION INC D 95149 CASH NC SYMPHONY FOUNDATION INC E 73197 CASH