2022-03-09T15:32:48-06:00 2021-06-30 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2020-07-01 042867945 INDIAN HILL MUSIC INC INDI 9784869524 PO BOX 1484 LITTLETON MA 01460 LISA FIORENTINO CHIEF EXECUTIVE OFFICER 9784869524 2022-03-09 1 LISA FIORENTINO XXX-XX-XXXX EDWARD MCNEIL P00090108 6176481400 2022-03-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA FIORENTINO PO BOX 1484 LITTLETON MA 01460 62650542 0 X WWW.INDIANHILLMUSIC.ORG X 1985 MA THE ORGANIZATION'S MISSION IS TO SHARE THE TRANSFORMATIVE POWER OF MUSIC, THROUGH TEACHING AND PERFORMING AND GIVING MUSIC GENEROUSLY WHEN THERE IS NEED. 17 17 106 20 0 0 36424635 59855611 1982617 1545605 408692 503299 0 0 38815944 61904515 66861 54372 0 0 2814267 2471529 22450 0 483783 1274175 2964505 4177753 5490406 34638191 56414109 127880238 185132267 3722099 3838505 124158139 181293762 X THE ORGANIZATION'S MISSION IS TO SHARE THE TRANSFORMATIVE POWER OF MUSIC, THROUGH TEACHING AND PERFORMING AND GIVING MUSIC GENEROUSLY WHEN THERE IS NEED. 0 0 2925250 54372 1527040 THE MUSIC EDUCATION PROGRAM SERVES APPROXIMATELY 1,000 STUDENTS OF ALL AGES AND ABILITIES WITH A FACULTY OF PROFESSIONAL ARTISTS AND EDUCATORS THROUGH PRIVATE INSTRUCTION, GROUP LESSONS AND ENSEMBLES FOR ALL INSTRUMENTS AND VOICE IN MANY GENRES INCLUDING CLASSICAL, JAZZ, FOLK, POPULAR, CELTIC, MUSICAL THEATRE AND OPERA. THE ORGANIZATION IS COMMITTED TO PROVIDING AFFORDABLE MUSIC EDUCATION AND ALSO HAS BEEN ABLE TO PROVIDE $54,372 IN SCHOLARSHIP AID. THE ORGANIZATION NEEDED TO SUSPEND GROUP EDUCATIONAL ACTIVITIES AND ALSO SWITCH TO REMOTE PRIVATE LESSONS DUE TO COVID-19.ALL PROGRAM SERVICES (4A, 4B AND 4C) CONDUCTED BY THE ORGANIZATION WERE IMPACTED BY THE OUTBREAK OF COVID-19 IN EARLY CALENDAR YEAR 2020. AS A RESULT OF MANDATES FROM FEDERAL AND STATE AUTHORITIES, THE ORGANIZATION SUSPENDED IN-PERSON PROGRAM SERVICES BEGINNING IN MARCH 2020. THE ORGANIZATION'S PROGRAMMING MIGRATED TO VIRTUAL RATHER THAN IN-PERSON SERVICES WHENEVER POSSIBLE. 1826420 18565 THE ORGANIZATION'S MISSION IS CENTERED ON THE PRINCIPLE THAT PERFORMANCE AND EDUCATION ARE FULLY INTEGRATED AND REPRESENT AN INTEGRAL PART OF THE ORGANIZATION'S MUSIC EDUCATION CURRICULUM. ATTENDING PROFESSIONAL CONCERTS AND WATCHING A PROFESSIONAL AT WORK IS ESSENTIAL TO DEVELOPING STRONG PERFORMANCE TECHNIQUES AND AN UNDERSTANDING OF HOW TO MASTER ONE'S INSTRUMENT. LISTENING TO, AND EVALUATING MUSIC AND MUSIC PERFORMANCE ARE KEY STANDARDS OF A COMPREHENSIVE, QUALITY MUSIC EDUCATION PROGRAM. THE ORGANIZATION'S PERFORMANCE PROGRAM SERVED 6,500 PEOPLE THROUGH VIRTUAL PROGRAMMING, INCLUDING PERFORMANCES AND LECTURES WITH MUSICIANS FROM THE PROFESSIONAL ORCHESTRA OF INDIAN HILL LED BY ARTISTIC DIRECTOR, BRUCE HANGEN. 36636 THE ORGANIZATION'S MUSIC PHILANTHROPY PROGRAM INCLUDES AFTER SCHOOL MUSIC LESSONS AND SCHOOL DAY PERFORMANCES IN LOW-INCOME COMMUNITIES, FREE MONTHLY BACH'S LUNCH CONCERTS THAT SERVE SENIOR CITIZENS, AND SINGING BY ITS THRESHOLD SINGERS FOR THOSE IN HOSPICE CARE. THE NUMBER OF EVENTS AND INDIVIDUALS SERVED WAS NEGATIVELY IMPACTED BY THE NEED TO SUSPEND IN-PERSON PROGRAMMING DUE TO COVID-19. 4788306 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 97 0 1 106 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X LISA FIORENTINO 9784869524 36 KING STREET LITTLETON MA 01460 CAROLE PREST BOARD MEMBER 1.00 X 0 0 0 DAVE RIGGERT BOARD MEMBER 1.00 X 0 0 0 DAVID MOULTON HONORARY BOARD MEMBER 1.00 X 0 0 0 DEB VERNER BOARD MEMBER 1.00 X 0 0 0 JEFFREY FUHRER BOARD MEMBER 1.00 X 0 0 0 JONATHAN PANEK TREASURER 6.00 X X 0 0 0 KIRSTA DAVEY BOARD MEMBER 1.00 X 0 0 0 MELISSA MARANDA BOARD MEMBER 1.00 X 0 0 0 MIRIAM SMITH BOARD MEMBER 1.00 X 0 0 0 PETER ASHTON CHAIR 1.00 X X 0 0 0 PETER BENTINCK-SMITH BOARD MEMBER 1.00 X 0 0 0 PHIL FRANCISCO CLERK 1.00 X X 0 0 0 RALPH BROWN HONORARY BOARD MEMBER 1.00 X 0 0 0 ROBERT ANDERSON HONORARY BOARD MEMBER 1.00 X 0 0 0 SIMON JONES VICE CHAIR 1.00 X X 0 0 0 STEPHEN IRISH BOARD MEMBER 1.00 X 0 0 0 TROY SIEBELS BOARD MEMBER 1.00 X 0 0 0 LISA FIORENTINO CHIEF EXECUTIVE OFFICER 40.00 X 154714 0 16782 CATHERINE COLEMAN DIRECTOR OF DEVELOPMENT 40.00 X 121675 0 0 PETER ROBBINS DIRECTOR OF EDUCATION 40.00 X 109566 0 8291 385955 0 25073 3 0 1 0 GARY SHEPHERD 55 MAIN STREET TOWNSEND MA 01469 PROJECT MANAGEMENT 120000 1 1330849 58524762 59855611 TUITION 711190 1522845 1522845 TICKET REVENUE 711190 11020 11020 SERVICE FEES 711190 6340 6340 PROGRAM SPONSORSHIP 711190 5400 5400 1545605 224616 224616 1024710 746027 278683 278683 278683 61904515 1545605 0 503299 54372 54372 191712 95856 47928 47928 2014373 1588268 73000 353105 93521 78757 5992 8772 171923 134421 8231 29271 15700 15700 25609 25609 35201 32701 2500 65658 49740 15918 52543 43696 720 8127 27034 20020 641 6373 2572934 2557043 10783 5108 94 94 88592 75764 11403 1425 40850 26827 10222 3801 PROGRAM PRODUCTION 23278 21549 30 1699 ADMINISTRATION FEES 16593 9198 7639 -244 MISCELLANEOUS 419 419 5490406 4788306 218317 483783 1038015 1559636 1458449 7866777 3268950 848321 10492 743071 187403 230416 150859578 2028927 118407045 148830651 3509884 25053395 127880238 185132267 2779973 3346051 256986 311131 489600 0 195540 181323 3722099 3838505 X 120782731 150261454 3375408 31032308 124158139 181293762 127880238 185132267 X 56414109 742647 -21133 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3042571 20514584 1122930 36400 78100 22456 24543129 2945534 25000 200638 35250 74750 18601 3042571 2865125 20000 185020 34250 72550 17811 2945534 2726757 75000 185165 33000 71000 17797 2865125 2554699 3000 284447 30250 68675 16464 2726757 0.93650 0.06350 0 0 2937825 2937825 3600297 1591812 2008485 53140237 53140237 660963 437115 223848 90520256 90520256 148830651 CHARITABLE GIFT ANNUITIES 181323 181323 X 62546048 742647 -75505 667142 61878906 25609 25609 61904515 5410425 0 5410425 25609 54372 79981 5490406 PART V, LINE 4: THE ORGANIZATION'S RETURN ON THE INVESTMENT OF ENDOWMENT FUNDS IS USED FOR SCHOLARSHIPS, PHILANTHROPIC OUTREACH, ORCHESTRA INITIATIVES, EDUCATIONAL PROGRAMS AND OPERATIONAL NEEDS. PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF JUNE 30, 2021. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED JUNE 30, 2018, 2019 AND 2020. ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS ARE RECOGNIZED AS A PART OF INTEREST EXPENSE AND MISCELLANEOUS EXPENSES, RESPECTIVELY, IN THE ACCOMPANYING STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS NO ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AT JUNE 30, 2021 AND NONE WERE INCURRED DURING THE YEAR THEN ENDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LESS SCHOLARSHIPS GRANTED -54,372. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -21,133. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS GRANTED 54,372. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS INCLUDED ON THE ORGANIZATION'S WEBSITE AND REGISTRATION DOCUMENTATION. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED $33,700 FROM THE MASSACHUSETTS CULTURAL COUNCIL, AND $1,695 FROM VARIOUS LOCAL CULTURAL COUNCILS. 1 SCHOLARSHIPS 52 0 54372 FMV OF TUITION PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO STUDENTS IN NEED BASED UPON THE AVAILABLE FINANCIAL RESOURCES OF THE ORGANIZATION AND AN APPLICATION AND SELECTION PROCESS USING DEFINED CRITERIA. ALL SCHOLARSHIP GRANTS ARE TRACKED INTERNALLY AND APPLIED DIRECTLY TO THE COST OF TUITION FOR CLASSES AND LESSONS TO BE TAKEN AT OUR ORGANIZATION. THE ORGANIZATION TRACKS EACH STUDENT AND EACH LESSON OR CLASS THEY ATTEND. X X X X 0 0 0 0 0 0 0 0 0 LISA FIORENTINO CHIEF EXECUTIVE OFFICER 144714 0 10000 0 0 0 0 0 16782 0 171496 0 0 0 MELISSA MARANDA BOARD MEMBER 489600 BANK LOAN 0 SCHEDULE L, PART IV: THE ORGANIZATION RECEIVED 100% FORGIVENESS OF A $489,600 PAYCHECK PROTECTION PROGRAM (PPP) LOAN FROM ROLLSTONE BANK WHERE THE ORGANIZATION'S BOARD MEMBER IS EMPLOYED AS A SENIOR VICE PRESIDENT. THE BOARD MEMBER WAS NOT INVOLVED IN THE LOAN FORGIVENESS APPLICATION SUBMISSION OR APPROVAL PROCESS, NOR DID THE ORGANIZATION RECEIVE ANY SPECIAL TREATMENT. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO DISTRIBUTION TO THE FULL BOARD. ONCE THE AUDIT COMMITTEE FINDS THE DOCUMENT TO BE ACCEPTABLE, THE FULL BOARD RECEIVES A COPY TO REVIEW. ALL BOARD MEMBERS ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS, AND ONCE THOSE QUESTIONS AND ANY RESULTING REVISIONS ARE ADDRESSED, THE 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A FORMAL, WRITTEN CONFLICT OF INTEREST POLICY. EACH MEMBER OF THE BOARD OF DIRECTORS AND THE OFFICERS OF THE ORGANIZATION ARE REQUIRED TO CERTIFY ON AN ANNUAL BASIS THAT THEY HAVE RECEIVED AND REVIEWED THE POLICY AND THAT THEY ARE IN COMPLIANCE WITH IT. INTERNAL EMPLOYEES TRACK TO ENSURE CERTIFICATIONS ARE RECEIVED AND THAT NO ISSUES ARE REPORTED. IF ISSUES WERE TO EXIST, THEY WOULD BE BROUGHT TO THE ATTENTION OF THE CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER FOR FURTHER REVIEW AND RESOLUTION. INDIVIDUALS WITH A CONFLICT OF INTEREST ARE NOT ALLOWED TO VOTE ON ANY MATTERS THAT ARE SUBJECT TO CONFLICT. IF A CONFLICT OF INTEREST SEVERELY IMPEDED AN INDIVIDUAL'S ABILITY TO PERFORM THEIR ORGANIZATIONAL DUTIES, THAT INDIVIDUAL WILL BE REMOVED FROM THEIR POSITION. FORM 990, PART VI, SECTION B, LINE 15A INCREASES TO CHIEF EXECUTIVE OFFICER COMPENSATION INCLUDE A PERFORMANCE REVIEW PROCESS, A REVIEW OF COMPARABILITY DATA, AND APPROVAL BY THE FULL BOARD OF DIRECTORS OR A SUBSET THEREOF. MINUTES OF ALL MEETINGS RELATED TO THE CHIEF EXECUTIVE OFFICER COMPENSATION ARE MAINTAINED TO DOCUMENT THE DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S WEBSITE STATES THIS AND ALSO PROVIDES THE CONTACT INFORMATION TO OBTAIN THESE DOCUMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -21,133. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.