2022-06-06T11:28:01-05:00 2021-08-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2020-09-01 570660848 SPOLETO FESTIVAL USA INC SPOL 8437222764 14 GEORGE STREET CHARLESTON SC 29401 TASHA GANDY CHIEF FINANCIAL OFFICER 8437222764 2022-06-03 1 TASHA GANDY 999009999 JANICE A RATICA P00358837 7043338881 2022-06-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NIGEL REDDEN 14 GEORGE STREET CHARLESTON SC 29401 7654545 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. 48 48 50 73 12371 0 4727347 5616901 0 896952 349219 470441 465991 341029 5542557 7325323 0 0 0 0 2292345 2216788 0 0 657864 2430552 3697829 4722897 5914617 819660 1410706 19416530 23626585 2557815 3185511 16858715 20441074 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 448648 157165 IN 2021, DUE TO COVID-19, THE FESTIVAL WAS FORCED TO PRESENT A SIGNIFICANTLY CURTAILED SEASON. NEVERTHELESS, THROUGH SOCIALLY DISTANCED, OUTDOOR, AND VIRTUAL PERFORMANCES, THE FESTIVAL SAFELY OFFERED ITS LOCAL AND AWAY COMMUNITY 17 DAYS OF PERFORMING ARTS. THE 2021 FESTIVAL'S THREE LARGEST PROGRAM SERVICES INCLUDED A DANCE SERIES HELD OUTDOORS AT RIVERS GREEN OF COLLEGE OF CHARLESTON; LIVE MUSIC PERFORMANCES HELD IN THE COLLEGE OF CHARLESTON'S CISTERN YARD, AND A CHAMBER MUSIC SERIES. THE 2021 DANCE SERIES INCLUDED PERFORMANCES BY CALEB TEICHNER & COMPANY; BALLET UNDER THE STARS PERFORMED BY MEMBERS OF THE NYC BALLET AND AMERICAN BALLET THEATRE; AND EPHRAT ASHERIE DANCE. 344826 192557 THE SECOND LARGEST PROGRAM WAS THE CHAMBER MUSIC SERIES WHICH IS A LINCHPIN TO THE FESTIVAL. TRADITIONALLY, THIS SERIES CONSISTS OF 11 PROGRAMS PERFORMED THREE TIMES EACH (33 PROGRAMS TOTAL). IN 2021, THE FESTIVAL ALSO OFFERED VIDEO-RECORDED EXCERPTS OF THE SERIES ON ITS YOUTUBE CHANNEL. 279515 327672 THE LIVE MUSIC PROGRAM AT THE CISTERN YARD WELCOMED PRESERVATION HALL JAZZ BAND; THE COOKERS; A NEW ORLEANS JAZZ CELEBRATION (A TRIBUTE TO THE LIFE OF DANNY BARKER) PERFORMED BY SEVERAL JAZZ-GIANTS SUCH AS CATHERINE RUSSELL, JEFFERY MILLER, AND GREGG STAFFORD; AND TWO WINGS: THE MUSIC OF BLACK AMERICA PRODUCED AND PERFORMED BY HUSBAND-AND-WIFE DUO ALICIA HALL MORAN AND JASON MORAN. OTHER LIVE MUSIC OFFERINGS INCLUDED PERFORMANCES BY SARAH JAROSZ; STEEP CANYON RANGERS; AND THE WOOD BROTHERS. 2268750 232637 OTHER PROGRAM SERVICES 2268750 232637 3341739 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 1 0 0 0 0 0 0 0 0 1 102 0 1 50 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 48 48 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X TASHA GANDY 8437222764 14 GEORGE STREET CHARLESTON SC 29401 MR NIGEL REDDEN GENERAL DIRECTOR 40.00 X 271710 0 16010 MS TASHA GANDY CHIEF FINANCIAL OFFICER 40.00 X 141801 0 19944 MS JULIA FOSTER DIRECTOR OF DEVELOPMENT 40.00 X 136360 0 21391 MS NICOLE TANEY DIRECTOR OF ARTISTIC PLANN 40.00 X 115762 0 14975 MR MICHAEL EAST DIRECTOR OF PRODUCTION 40.00 X 105577 0 6306 MR RONALD D ABRAMSON DIRECTOR 0.30 X 0 0 0 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 ELIZABETH L BATTLE DIRECTOR 0.30 X 0 0 0 MS MELISSA BLANCHARD DIRECTOR 0.30 X 0 0 0 MRS TIPPY STERN BRICKMAN DIRECTOR 0.30 X 0 0 0 MRS CLAIRE HOLDING BRISTOW DIRECTOR 0.30 X 0 0 0 MR RICHARD W CHISHOLM DIRECTOR 0.30 X 0 0 0 MR DERICK S CLOSE DIRECTOR 0.30 X 0 0 0 MRS RUTH L EDWARDS DIRECTOR 0.30 X 0 0 0 DR ELIZABETH A FLEMING DIRECTOR 0.30 X 0 0 0 MRS SUSAN T FRIBERG 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 MR OZEY K HORTON 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 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 MRS MARIAN M NISBET 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 MR SHELDON I STEIN DIRECTOR 0.30 X 0 0 0 MR MICHAEL C TARWATER 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 MR WILLIAM G MEDICH CHAIR 1.00 X X 0 0 0 MRS ALICIA MULLEN GREGORY PRESIDENT 1.00 X X 0 0 0 MR PHILLIP D SMITH TREASURER 1.00 X X 0 0 0 MR ANDREW T BARRETT VICE PRESIDENT 1.00 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 MR GARY T DICAMILLO VICE PRESIDENT 1.00 X X 0 0 0 MS MARGIE ANN MORSE VICE PRESIDENT 1.00 X X 0 0 0 DR JOHN M PALMS VICE PRESIDENT 1.00 X X 0 0 0 MRS CYNTHIA B THOMPSON VICE PRESIDENT 1.00 X X 0 0 0 MR PAUL TRIPPE VICE PRESIDENT 1.00 X X 0 0 0 MR LOREN R ZIFF VICE PRESIDENT 1.00 X X 0 0 0 MR JOHN B HAGERTY GENERAL COUNSEL & SECRETAR 40.00 X X 0 0 0 771210 0 78626 5 0 1 0 KPLAN SELECT PO BOX 7777 PHILADELPHIA PA 19175 EMPLOYEE RETIREMENT PLAN SERVICES 235995 BLUECROSS BLUESHIELD OF SOUTH CAROLINA PO BOX 6000 COLOMBIA SC 29260 EMPLOYEE HEALTH INSURANCE 176311 2 7350 1227235 4382316 107590 5616901 ADMISSION SALES 813952 813952 BOX OFFICE HANDLING FE 83000 83000 896952 240507 240507 250769 25676 225093 225093 1500 223593 445384 215450 229934 229934 229934 178909 7350 86923 91986 91986 14252 1173 13079 13079 ADVERTISING 541800 10871 10871 10871 7325323 910031 12371 786020 449464 227035 109390 113039 1244343 628546 302847 312950 117138 59169 28509 29460 254128 128366 61849 63913 151715 76635 36924 38156 27539 27539 279650 14253 265397 147854 139298 8556 161434 18160 136823 6451 39850 15069 24781 368552 313598 52249 2705 66270 66270 453073 453073 200672 18384 182288 PERFORMANCE FEES 914676 914676 GENERAL PRODUCTION 304160 304160 REPAIRS 177250 65107 112143 LIGHTING, SOUND AND VID 143512 143512 413337 275771 82471 55095 5914617 3341739 1915014 657864 1141727 2186539 795955 1484555 0 351247 4000 4000 210659 254119 12453780 7342299 5487189 5111481 11403667 13810769 373333 423875 19416530 23626585 251882 371320 574135 432168 1680887 2368740 50911 13283 2557815 3185511 X 3093448 3504760 13765267 16936314 16858715 20441074 19416530 23626585 X 1410706 2121107 50546 X X 0 1 X 1 0 X 4613332 4275883 3817232 4698556 5616901 23021904 8450 7650 7650 0 0 23750 4621782 4283533 3824882 4698556 5616901 23045654 909813 22135841 444452 450540 499641 499446 491276 2385355 4369 3947 16620 24936 25455945 10673363 0.86960 0.85890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11710633 691364 2563553 445384 14520166 10371636 338940 1330057 330000 11710633 10423264 8616 239756 300000 10371636 9179677 1011809 496778 265000 10423264 8580936 160259 668482 230000 9179677 0.00000 0.30000 0.70000 0 0 4487384 2678744 1808640 6930939 3808730 3122209 801497 664491 137006 233960 190334 43626 5111481 CAPITAL LEASE PAYABLE 13283 13283 X 10276940 2121107 67566 790483 2979156 7297784 27539 27539 7325323 6694584 67566 712402 779968 5914616 0 5914616 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, 2021 OR 2020. 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 50,542. RENTAL EXPENSES 25,676. ERC CREDIT INCLUDED IN REVENUE 714,265. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 25,676. BROKERAGE FEES -27,539. ERC CREDIT INCLUDED IN REVENUE 714,265. AUCTION 21134 7350 13784 16298 27220 36777 ARTIST PARTY 800 800 4328 2300 4 164325 164325 186259 7350 178909 20626 27220 39077 86923 91986 X X X X 0 0 0 0 0 0 0 0 0 MR NIGEL REDDEN GENERAL DIRECTOR 270610 0 0 0 1100 0 15960 0 50 0 287720 0 0 0 MS TASHA GANDY CHIEF FINANCIAL OFFICER 141000 0 0 0 801 0 8460 0 11484 0 161745 0 0 0 MS JULIA FOSTER DIRECTOR OF DEVELOPMENT 136000 0 0 0 360 0 8160 0 13231 0 157751 0 0 0 X 17 107590 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY SITE/PROCESSOR TO SELL APPROXIMATELY $21,134 IN DONATED IN-KIND ITEMS FOR THEIR ANNUAL AUCTION. NONCASH DONATIONS ARE RECEIVED AND SOLD AS PART OF A SPECIAL EVENT AND THEREFORE ARE NOT REPORTED ON SCHEDULE M. 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 50,546. FROM 990, PAGE 12, PART XI, LINE 10 THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.