2022-05-14T06:51:44-05:00 2021-06-30 571112308 VERIS LLC 1156 BOWMAN ROAD SUITE 100-A MOUNT PLEASANT SC 29464 990 2020-07-01 576000192 CHARLESTON SYMPHONY ORCHESTRA CHAR 8437237528 PO BOX 30818 CHARLESTON SC 29417 MICHAEL A SMITH EXECUTIVE DIRECTOR 8437237528 2022-05-14 1 MICHAEL SMITH 999009999 BROOKE SKINNER EA MSA P01225402 8438814477 2022-05-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL A SMITH PO BOX 30818 CHARLESTON SC 29417 3884009 0 X HTTPS://CHARLESTONSYMPHONY.ORG/ X 1936 SC OUR VISION IS TO BE A WORLD CLASS ORCHESTRA FOR A WORLD CLASS CITY. OUR MISSION IS TO INSPIRE AND ENGAGE OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS. WE WILL EDUCATE, CHALLENGE, AND INSPIRE STUDENTS THROUGH MUSICAL EXPERIENCES.IN FISCAL YEAR 2021, THE CHARLESTON SYMPHONY CONTINUED TO BUILD ON ITS RECENT SUCCESSES BOTH ON AND OFF THE CONCERT STAGE. IT FULFILLED ITS MISSION BY ENGAGING AUDIENCES WITH THE HIGHEST QUALITY ARTISTIC PROGRAMMING AND PERFORMANCES AS WELL AS OFFERING SUBSTANTIAL EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS THROUGHOUT THE TRI-COUNTY AREA. ALL OF THIS WAS ACHIEVED WITH AN UNDERPINNING OF STRONG FINANCIAL MANAGEMENT HAVING COMPLETED NINE CONSECUTIVE SEASONS WITH OPERATING SURPLUSES PRIOR TO THE PANDEMIC. THE CHARLESTON SYMPHONY CONTINUED TO BE A STRONG STEWARD OF INVESTMENT IN THE ORGANIZATION BY ALLOCATING 84% OF OVERALL EXPENDITURES INTO MISSION RELATED ACTIVITIES. 24 24 198 200 0 0 2078237 2922976 1408163 808862 29281 150617 31283 1554 3546964 3884009 0 0 0 0 2597297 2201134 0 0 273307 1073105 620389 3670402 2821523 -123438 1062486 2650180 3900208 1612152 1780600 1038028 2119608 X OUR VISION IS TO BE A WORLD CLASS ORCHESTRA FOR A WORLD CLASS CITY. OUR MISSION IS TO INSPIRE AND ENGAGE OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS. WE WILL EDUCATE, CHALLENGE, AND INSPIRE STUDENTS THROUGH MUSICAL EXPERIENCES.EXCELLENCE SETS US APART. WE SET AND MAINTAIN THE HIGHEST STANDARDS FOR OUR PEOPLE, OUR PERFORMANCES AND OUR EDUCATIONAL PROGRAMS. WE ENCOURAGE THE DEVELOPMENT OF OUR PEOPLE. WE CONTINUALLY STRIVE FOR EXCELLENCE IN ALL WE DO.ENGAGEMENT IS OUR NUMBER ONE COMMITMENT. WE WANT OUR MUSIC TO MAKE AN EMOTIONAL CONNECTION WITH OUR AUDIENCES. OUR AIM IS TO EVOKE A POSITIVE RESPONSE AT SOME LEVEL WHENEVER WE PERFORM.TRANSPARENCY DESCRIBES HOW WE COMMUNICATE. WE STRIVE TO HAVE OPEN, TRANSPARENT, TWO-WAY COMMUNICATIONS BETWEEN OUR MUSICIANS, STAFF AND BOARD OF DIRECTORS, AS WELL AS WITH OUR DONORS AND PATRONS. WE STRIVE TO LISTEN AND UNDERSTAND EACH OTHER'S PERSPECTIVES AND RESPOND OPENLY ON ALL ISSUES. 0 0 2048659 784821 IN FY21 THE CHARLESTON SYMPHONY, DESPITE THE CHALLENGES OF THE PANDEMIC, CONTINUED TO SERVE ITS COMMUNITY AND FULFILL ITS MISSION. IN PARTNERSHIP WITH THE GAILLARD CENTER AND UNDER THE PROFESSIONAL GUIDANCE OF MUSC (MEDICAL UNIVERSITY OF SOUTH CAROLINA), WE WERE ABLE TO PERFORM OUR ENTIRE SCHEDULED PROGRAM. THE SYMPHONY WAS ONE OF A HANDFUL OF ORCHESTRAS TO PERFORM LIVE SYMPHONIC CONCERTS FOR LIVE AUDIENCES, INCLUDING 8 OF 9 BEETHOVEN SYMPHONIES IN 8 MASTERWORKS PROGRAMS, FOUR POPS PROGRAMS AND OUR CHAMBER MUSIC SERIES. ALL EVENTS WERE SOCIALLY DISTANCED ONSTAGE TO A SOCIALLY DISTANCED AUDIENCE. IN ADDITION, WE LAUNCHED A LIVESTREAM PLATFORM FOR THOSE PATRONS THAT FELT MORE COMFORTABLE SHARING THE SYMPHONY FROM THEIR HOME. WE MAINTAINED A STRONG COMMITMENT TO EDUCATION. OUR SUBSCRIBERS WERE INCREDIBLY LOYAL TO AND SUPPORTIVE OF THE SYMPHONY, ATTENDING PERFORMANCES BOTH IN PERSON AND VIRTUALLY AND CONTINUING TO DONATE GENEROUSLY. ALTHOUGH OUR SINGLE TICKET SALES WERE AFFECTED DRASTICALLY, THE SUBSCRIBERS' GENEROSITY HAS ALLOWED THE SYMPHONY TO COME OUT OF THE PANDEMIC IN A GREAT POSITION TO DO BOLD THINGS IN THE FUTURE AS CHARLESTON'S SYMPHONY. THE YOUTH SYMPHONY AND YOUTH STRINGS CONTINUED TO SAFELY MEET, ALSO WITH THE OVERSIGHT OF MUSC. ADDITIONALLY, WE LAUNCHED A DIGITAL EDUCATION PROGRAM, ALLOWING US TO ACCESS EVEN MORE STUDENTS. OTHER HIGHLIGHTS OF FY21 ARE: IN JUNE 2020, THE CSO PRESENTED "CALL AND RESPONSE: A CONCERT FOR EQUALITY" TO LEVERAGE THE POWER OF MUSIC AND SPOKEN WORD TO PROMOTE UNITY, LOVE, AND UNDERSTANDING. THIS CONCERT FEATURED THE MUSIC OF AFRICAN AMERICAN AND AFRO-BRITISH COMPOSERS, INTERSPERSED WITH TESTIMONIALS FROM COMMUNITY LEADERS WHO DELIVERED WORDS OF EXPERIENCE, EMPATHY AND UNITY AND CONCLUDED WITH CHARLESTON'S OWN GRAMMY-AWARD WINNING RANKY TANKY. THIS WAS THE FIRST CONVERSATION OF AN EVER-GROWING AND EXPANDING DISCUSSION ABOUT RACIAL PREJUDICE IN CHARLESTON THAT IS FILLED WITH MEANINGFUL REFLECTION AND EMPATHY FOR OTHERS. THE PROGRAM SIGNIFIED A CRITICAL LAUNCHING POINT FOR OUR NEW FOCUS ON SERVING ALL OF CHARLESTON. AS PART OF THE CHARLESTON SYMPHONY'S COMMITMENT TO ADVANCING DIVERSITY, EQUITY, AND INCLUSION IN THE CLASSICAL MUSIC FIELD, A NEW AD HOC COMMITTEE WAS LAUNCHED IN 2020. WHILE THE DEI COMMITTEE'S MISSION IS STILL EVOLVING, THE MOST RECENT VERSION IS: "HELPING THE CHARLESTON SYMPHONY EMBODY AND CHAMPION DIVERSITY, EQUITY, AND INCLUSION IN ALL ITS ENDEAVORS." THIS NEW TASKFORCE IS COMPRISED OF COMMUNITY MEMBERS AND VOLUNTEERS THAT BETTER REPRESENT CHARLESTON'S DIVERSE POPULATION COMPARED TO OUR TRADITIONAL AUDIENCES. THIS GROUP WILL HELP ADVISE THE CSO IN FUTURE PROGRAMMING AND OUTREACH EFFORTS TO PROMOTE A MORE INCLUSIVE ENVIRONMENT. WE RECENTLY ANNOUNCED OUR NEW CHARLESTON SYMPHONY ORCHESTRA INCLUSION FELLOWSHIP PROGRAM IN PARTNER WITH THE COLLEGE OF CHARLESTON AND WILL OFFICIALLY WELCOME THE FIRST "CLASS" OF FELLOWS THIS FALL.LAUNCHED A NEW VIRTUAL CONCERT HALL FOR PATRONS, TEACHERS, AND CHILDREN TO ENJOY THE ORCHESTRA'S CONCERTS FROM HOME. AS A GIFT TO THE COMMUNITY, WE PROVIDED FREE ACCESS TO AUDIENCE-FAVORITES HOLIDAY POPS AND BEETHOVEN'S 5TH ON OUR NEW DIGITAL PLATFORM.PRESENTED MORE THAN 35 CONCERTS TO LIVE AUDIENCES INCLUDING OUR ENTIRE MASTERWORKS AND POPS SERIES. MUSC FACILITATED MORE THAN 1,000 COVID-19 TESTS FOR STAFF AND MUSICIANS PRIOR TO EVERY CONCERT OF THE SEASON.THE CSO EVEN COMPLETED ALL BUT ONE OF THE ENTIRE BEETHOVEN SYMPHONY CYCLE IN HONOR OF HIS 250TH BIRTHDAY.CONTINUED THE CHARLESTON SYMPHONY YOUTH ORCHESTRA PROGRAM DURING A DIFFICULT TIME OF ISOLATION FOR THE WORLD'S CHILDREN. YEAR-LONG REHEARSALS WERE HOSTED VIRTUALLY AND EVENTUALLY IN-PERSON FOR STUDENTS, AND THE PROGRAM CULMINATED WITH ALL THREE ENSEMBLES PERFORMING THREE FULL CONCERTS. MORE THAN 140 YOUNG PEOPLE PARTICIPATED IN-PERSON AND VIRTUALLY IN THE PROGRAM. 225952 24041 THE CHARLESTON SYMPHONY SERVED 116 YOUNG MUSICIANS RANGING IN GRADES 4-12 FROM 35 SCHOOLS THROUGHOUT THE LOWCOUNTRY THROUGH THE CHARLESTON SYMPHONY YOUTH ORCHESTRA (CSYO) PROGRAM. DUE TO COVID-19, STUDENTS PARTICIPATED IN A HYBRID SEASON, RECEIVING IN-DEPTH, HIGH-QUALITY MUSICAL INSTRUCTION IN-PERSON AND ONLINE. THE YOUTH ORCHESTRA MEMBERS ATTENDED IN 8 IN-PERSON REHEARSALS LEADING UP TO A CULMINATING PERFORMANCE THAT WAS RECORDED AND LATER LIVESTREAMED FREE TO FAMILY AND FRIENDS. THE RECORDED CSYO CONCERT RECEIVED OVER 700 VIEWS THROUGH THE CSO VIRTUAL CONCERT HALL. IN ADDITION, STUDENTS PARTICIPATED IN MULTIPLE ONLINE SESSIONS, INCLUDING VIRTUAL SECTIONALS WITH CSO MUSICIANS AND MASTERCLASSES WITH RENOWN MUSICIANS SUCH AS NICHOLAS TZAVARAS, CELLIST OF THE SHANGHAI QUARTET AND JOHN KENNEDY, RESIDENT CONDUCTOR AND DIRECTOR OF ORCHESTRAS OF SPOLETO FESTIVAL USA. THE CSO ALSO CONTINUED TO SUPPORT LOCAL MUSIC EDUCATORS BY CREATING EDUCATIONAL VIDEO CONTENT WHICH WAS MADE AVAILABLE FOR FREE ON OUR VIRTUAL CONCERT HALL AND YOUTUBE PAGE, ALONG WITH ARRANGING VIRTUAL MASTERCLASSES WITH CSO MUSICIANS. 2274611 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 198 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 SC X X MICHAEL SMITH 8437237528 PO BOX 30818 CHARLESTON SC 29417 ROBERT SIEDELL DIRECTOR 1.00 X 0 0 0 CAROL H FISHMAN DIRECTOR 1.00 X 0 0 0 LENNA MACDONALD DIRECTOR 1.00 X 0 0 0 EDWARD HART DIRECTOR 1.00 X 0 0 0 MARTY PENKHUS DIRECTOR 1.00 X 0 0 0 PATRICK ILDERTON DIRECTOR 1.00 X 0 0 0 RAJAN GOVINDAN DIRECTOR 1.00 X 0 0 0 TAYLOR CHARPIA DIRECTOR 1.00 X 0 0 0 LEE HIGDON DIRECTOR 1.00 X 0 0 0 DR BOBBY BAKER DIRECTOR 1.00 X 0 0 0 CLYDE HIERS DIRECTOR 1.00 X 0 0 0 NATALIE HAM DIRECTOR 1.00 X 0 0 0 ELIZABETH RIVERS LEWINE DIRECTOR 1.00 X 0 0 0 JON W OLSON SR DIRECTOR 1.00 X 0 0 0 JODI RUSH DIRECTOR 1.00 X 0 0 0 DAVID SAVARD DIRECTOR 1.00 X 0 0 0 GERALD TANENBAUM DIRECTOR 1.00 X 0 0 0 KAY MAYBANK DIRECTOR 1.00 X 0 0 0 YURIY BEKKER CONCERTMASTER 40.00 X 96950 0 0 MICHAEL A SMITH EXECUTIVE DIRECTOR 60.00 X 116567 0 0 KENNETH KING KEI LAM MUSIC DIRECTOR 40.00 X 128750 0 0 MICHAEL MOODY PRESIDENT 10.00 X 0 0 0 SUSAN SULLIVAN SECRETARY 10.00 X 0 0 0 TRACY GROOMS TREASURER 10.00 X 0 0 0 JERRY HUDSON EVANS VICE PRESIDENT 10.00 X 0 0 0 WENDI HUFF VICE PRESIDENT 10.00 X 0 0 0 CYNTHIA MABRY VICE PRESIDENT 10.00 X 0 0 0 342267 0 0 2 0 0 0 0 174000 1418676 1330300 2922976 CONCERT REVENUE 711130 808862 808862 808862 150617 150617 OTHER INCOME 900099 1554 1554 1554 3884009 961033 0 0 342267 272327 34970 34970 1858867 1621930 57157 179780 57764 57764 21567 17253 2157 2157 22244 22244 31368 31368 STAGE CREWS 183366 183366 MISC EXPENSES 138931 13222 125709 DEVELOPMENT FUNDRAISING 56400 56400 HALL RENTAL 25510 25510 83239 83239 2821523 2274611 273605 273307 1426197 1886630 658797 834970 101750 51750 70938 59886 549033 178779 392498 370254 0 696718 2650180 3900208 85178 216246 717025 793172 56296 485481 305653 285701 448000 0 1612152 1780600 X 695437 1796582 342591 323026 1038028 2119608 2650180 3900208 X 1062486 19096 -2 X X 0 1 X 1 0 X 1921897 1893025 1956417 2078237 2922976 10772552 1507827 1749506 1620536 1408163 808862 7094894 3429724 3642531 3576953 3486400 3731838 17867446 183181 646828 175847 391593 396179 1793628 0 183181 646828 175847 391593 396179 1793628 16073818 19408 -8536 -10882 29281 150617 179888 19408 -8536 -10882 29281 150617 179888 54793 180 5774 31283 1554 93584 3503925 3634175 3571845 3546964 3884009 18140918 0.88610 0.89860 0.00990 0.00270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658797 10000 170260 4087 834970 607086 25000 51526 20000 4815 658797 558048 25000 44496 16216 4242 607086 464945 95068 17682 41508 3139 533048 400992 25000 57265 13924 4388 464945 1 0 549033 178779 370254 370254 ERTC RECEIVABLE 696718 696718 X 3903105 19096 19096 3884009 0 3884009 2821523 0 2821523 0 2821523 PART X, LINE 2: THE FASB PROVIDES GUIDANCE ON THE SYMPHONY'S EVALUATION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE SYMPHONY'S TAX POSITION AND CONCLUDED THAT THE SYMPHONY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF DIRECTORS, EXECUTIVE DIRECTOR AND SEPARATELY THE AUDIT AND FINANCE COMMITTEE OF THE CHARLESTON SYMPHONY ORCHESTRA ARE GIVEN AN ALLOTED TIME TO REVIEW THE FORM 990 BEFORE IT IS FILED. ANY CHANGES NOTED DURING THE REVIEW PERIOD ARE MADE TO PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND SIGN AN ASSURANCE TO THAT EFFECT. ANY CONFLICTS SO DISCLOSED ARE INVESTIGATED AND RESOLVED. DURING THE YEAR, IF ANY OTHER CONFLICTS ARE MADE AWARE TO THE BOARD AND MANAGEMENT, THEY WOULD PURSUE AND RESOLVE THOSE ISSUES WITH THE OFFICER OR BOARD MEMBER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE CHARLESTON SYMPHONY ORCHESTRA DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS, EXCEPT FOR THE EXECUTIVE DIRECTOR. EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY IN CONJUNCTION WITH THE OPERATING BUDGET PROCESS, WHICH IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE CHARLESTON SYMPHONY ORCHESTRA PROVIDES ACCESS TO ITS FORM 1023 UPON REQUEST AND FORM 990 IS POSTED ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE CSO MAKES IS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC EITHER ON OUR WEBSITE OR UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -2. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FOR THE PRIOR YEAR. CHARLESTON SYMPHONY ORCHESTRA LEAGUE INC PO BOX 22613 CHARLESTON SC 29413 542133879 FUNDRAISING FOR CSO SC 501(C)(3) LINE 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHARLESTON SYMPHONY ORCHESTRA LEAGUE INC C FAIR VALUE