2022-07-13T12:13:32-07:00 2021-08-31 990 2020-09-01 042103550 BOSTON SYMPHONY ORCHESTRA INC BOST 6172661492 301 Massachusetts Avenue Boston MA 02115 Gail Samuel CEO & President 6176389211 2022-07-12 1 11 0 AAL2 X 2020 2022-09-23 18:48:47Z Gail Samuel 301 Massachusetts Avenue Boston MA 02115 163998654 0 X www.bso.org X 1918 MA The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 38 38 741 976 446049 58633 49260675 39371221 18766094 6934337 21348302 40108027 3162131 3458813 92537202 89872398 0 0 0 0 51512150 35343765 0 0 4404651 31321535 28668858 82833685 64012623 9703517 25859775 625657259 745262219 90624217 83441882 535033042 661820337 The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to making music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 0 0 39084377 0 6626919 Orchestra Music Programs: From September 2020 - June 2021, the BSO's two beloved orchestral ensembles-the Boston Symphony and Boston Pops Orchestras-created 22 new programs that were available through BSO NOW-the organization's new video streaming portal. The symphony's 15 programs examined American Promise; New Beginnings; the Spirit of Beethoven; A Fragile Peace: Between the Wars; and Pathways of Romanticism. Each hourlong program featured works for up to 65 musicians, chamber pieces as well as works by women or composers of color. Each program also featured multi-disciplinary short videos that illuminated both the music and the historic context. These short films were extremely popular with many audience members asking the BSO to continue producing such enrichment programs even after in-person concerts returned. The Boston Pops created new programs to celebrate the holidays and Valentine's Day. Spring Pops paid tribute to mothers and to John Williams. The Roots of Jazz: American Voices honored Scott Joplin, W.C. Handy, and the great Stride pianist James P. Johnson-innovators who shaped the development of jazz. An Evening with Chris Thile and the Stars of Tomorrow showcased four highly talented high school musicians. BSO NOW brought the BSO's online presence to a whole new level; the programs viewed by 62,550 households. On July 4, 2021, Keith Lockhart led the Boston Pops in the organization's first live performance-the July 4 Spectacular concert from Tanglewood. This free performance for 7,696 people welcomed veterans, health care workers, and first responders. Special appearances by Oscar-award winner Jon Batiste, legendary singer Mavis Staples, and the U.S. Air Force's Singing Sergeants paid tribute to America, acknowledged the losses from the pandemic, and celebrated the spirit that emerges out of dark times. On July 10, the BSO returned to the Koussevitzky stage with Andris Nelsons conducting an all-Beethoven program. CRB-Classical described the BSO's opening night as "euphoric." This abbreviated Tanglewood season at 50% capacity celebrated musicians and audiences sharing once again in the immediacy of music-making. The Tanglewood season offered 14 symphony concerts, two Boston Pops shows including the ever-popular Film Night, 18 TMC chamber and orchestra performances, and a Family Concert. The BSO offered 12 live stream and on-demand Tanglewood concerts that received nearly 20,000 views. Internationally recognized as one of the finest orchestras, the BSO is one of the largest orchestral organizations in the world as measured by scope of its operations. Within the U.S., it is the fourth-largest performing arts institution. 348888 0 0 Education and community programs are integral to the BSO's mission. Tanglewood Music Center (TMC) welcomed 65 talented young musicians to Tanglewood for an intensive summer of music training and performance. These young musicians all received free tuition, room, and board. These Fellows worked with TMC faculty, BSO musicians, and guest artists to refine their skills and prepare for a professional career. They gave 18 chamber and orchestra performances to large and enthusiastic audiences. The orchestra concerts were also available on BSO NOW and received 4,016 views. The Berkshire Edge described this summer's TMC Orchestra as "spot-on from beginning to end, with stamina to spare." The chamber concerts were free to attend and averaged 600 attendees and 8,433 people attended the six TMC Orchestra concerts. In summer 2021, the Tanglewood Learning Institute (TLI) offered four signature programs, which were a mix of in-person and digital offerings. In the Koussevitzky Music Shed, TLI programs were Full Tilt: a presentation by the Lincoln Center Jazz Orchestra with Wynton Marsalis; The Big Idea: Choreographer Bill T. Jones presented a live talk exploring Loneliness: Alone as a State of Being, and three OpenStudio Masterclasses gave an inside look at how musicians learn from such master artists as Andris Nelsons, Yo-Yo Ma, and Leonidas Kavakos. Six ShopTalks were presented for live and on-demand screening. Six conversations with notable artists were presented. TLI produced four 10-minute videos that explored Tanglewood's architecture, the history of the Tanglewood Festival Chorus, notable photographers at Tanglewood, and solo singers who made their mark at the summer festival. Tanglewood in the City in Pittsfield and three Community Chamber Concerts held at each of the Berkshire County's three hospitals brought music directly to 4,150 Berkshire residents. During the ten months when live concerts weren't possible, the BSO's Education and Community Engagement programs supported music education in multiple ways. The BSO's first online Youth Concert was enjoyed by 121 classrooms in ten states from Maine to North Carolina. The 5,177 views included individual classrooms, entire grades, whole schools, and even some school districts. 384 Boston Public School and 54 Berkshire County classrooms enjoyed free access to this concert. Learning was enhanced by lesson plans and 14 Instrument Demonstration videos that received nearly 720,000 social media impressions. BSO musicians gave 15 special classes to music students across Massachusetts high schools via Zoom. The teacher might ask the musician to work on a particular piece, to discuss best practices for preparing for a performance, or to answer student questions about being a professional musician. These one-time classes were offering in partnership with the Massachusetts Instrumental, Choral, and Conductors Association. The BSO's Family Concert, Music Triumphant: Light in the Midst of Darkness was an archival compilation curated and narrated by Thomas Wilkins. Works included Holst's Jupiter from the Planets and the 2nd movement of Beethoven's Symphony No. 7, which he used to illustrate Beethoven's choice of hope over despair. The concert was available for two months and was viewed 6,384 times. The BSO created two playlists especially designed for people with autism spectrum disorder. In partnership with Boston Duck Boat and Oldtown Trolley Tours, in the fall and the spring eight small ensembles of musicians traveled across Boston and Cambridge giving short outdoor recitals. These took place outside the VA Hospital, Boston Public Library, New England Center and Home for Veterans, Cambridge Economic Opportunity Committee, Cambridge Hospital, and at parks around Boston. 7513969 0 754242 The BSO's two main properties, Symphony Hall and Tanglewood, have long and significant histories and attract visitors from near and far. Symphony Hall's acoustic qualities have earned it a place among the top three concert auditoriums in the world, a fact underscored by the Hall's 1999 designation as a National Historic Landmark. Symphony Hall resonates with more than a century of performances by key artists. It is also a key performance venue for a number of ensembles and presenters, including the Handel and Haydn Society, the Celebrity Series of Boston, and the Boston Youth Symphony Orchestra. Its capacity is 2,625 seats. Located in the Berkshire hills of Lenox, Massachusetts and established in 1936 by then-Music Director Serge Koussevitzky, Tanglewood is the summer home of the BSO. Its performance venues-Koussevitzky Music Shed, Seiji Ozawa Concert Hall, and Linde Center-and 80 ancillary buildings are located on 526 pastoral acres. Built in 1938, the Koussevitzky Music Shed is a seasonal hall open on three sides with 5,121 seats and additional seating for more than 10,000 on the surrounding lawn. In summer of 2021, all BSO performances were held in this venue. Opened in 1994, Seiji Ozawa Hall is a brick and wood structure that usually provides a venue for chamber music performances and serves as the headquarters of the Tanglewood Music Center. It seats 750 audience members on the orchestra level and 450 in the two balconies, as well as hundreds more on the lawn. Ozawa Hall and the Linde Center for Music and Learning were closed to the public this year so that the Tanglewood Music Center had exclusive use. 371893 0 181526 Electronic Media:This year the BSO's digital presence expanded dramatically. BSO NOW digital offerings were available online or viewers could have an enhanced viewing experience by watching on Apple TV, ROKU, Amazon Fire, and some Samsung Smart TVs. Additionally, the BSO reaches millions who listen via recordings and television and radio broadcasts. Every Saturday evening, Classical Radio Boston (a subsidiary of GBH public broadcasting) broadcast a BSO concert-an archival program when in person concerts weren't possible and live from Tanglewood during the summer. These concerts were available to stream via the GBH website for a month after they were aired. During Tanglewood, WAMC Northeast Public Radio broadcast BSO Friday and Saturday evening performances, and Sunday afternoon concerts reaching audiences across seven mid-Atlantic and New England states and WMHT (public radio out of Schenectady, NY) offered a weekly broadcast featuring TMC. 5339 42965 Merchandise Sales: The BSO operated its Tanglewood and Symphony Hall retails operations online until July 2021. To protect health, the Tanglewood shop was open as an outdoor pop-up shop. Patrons could also order online and pick up their items at the pop-up shop 377232 0 224491 47324466 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 242 0 1 741 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 38 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA NJ NY X Katherine Decelles 6176389215 301 Massachusetts Avenue Boston MA 02115 X Mark Volpe until 06-2021 CEO and President 50 1 X 842330 0 47373 Evelyn Barnes Chief Financial Officer 50 1 X 276603 0 24569 Bart Reidy Clerk of the Board 40 0 X 244288 0 48377 Alexandra Fuchs Chief Operating Officer 40 0 X 234377 0 48654 John A Ferrillo Jr Principal Oboe 40 0 X 237365 0 34331 Lynn Larsen Orchestra Mgr and Dir of Orchestra Personnel 40 0 X 228768 0 31985 Malcolm Lowe Concertmaster 40 0 X 260037 0 0 Anthony Fogg Artistic Administrator 40 0 X 234606 0 20593 Elizabeth Rowe Principal Flute 40 0 X 212661 0 18001 William F Achtmeyer until 02-2021 Trustee 2.00 0 X 0 0 0 Noubar Afeyan Trustee 2 0 X 0 0 0 David Altshuler Trustee 2 0 X 0 0 0 Gregory E Bulger Trustee 2 0 X 0 0 0 Holly Ambler Trustee 2 0 X 0 0 0 William N Booth Trustee 2 0 X 0 0 0 Ronald G Casty Trustee 2 0 X 0 0 0 Susan Bredhoff Cohen Trustee 2 0 X 0 0 0 Richard F Connolly Jr Trustee 2 0 X 0 0 0 Cynthia Curme - until 03-2021 Trustee 2 0 X 0 0 0 William Curry MD Trustee 2 0 X 0 0 0 Alan J Dworsky - until 01-2021 Trustee 2 0 X 0 0 0 Phillip J Edmundson Trustee 2 0 X 0 0 0 Thomas E Faust Jr Trustee 2 0 X 0 0 0 Todd R Golub Trustee 2 0 X 0 0 0 Michael Gordon Trustee 2 0 X 0 0 0 Nathan Hayward III Trustee 2 0 X 0 0 0 Ricki Tigert Helfer Trustee 2 0 X 0 0 0 Brent L Henry Trustee 2 0 X 0 0 0 Albert A Holman III Trustee 2 0 X 0 0 0 Barbara W Hostetter Trustee, Chair beginning 3/1/21 2 0 X X 0 0 0 Giselle J Joffre Trustee 2 0 X 0 0 0 Stephen Kay Trustee 2 0 X 0 0 0 Stephen W Kidder Trustee 2 0 X 0 0 0 Jeffrey Leiden MD PhD Trustee 2 0 X 0 0 0 Joyce G Linde Trustee 2 0 X 0 0 0 John M Loder Trustee 2 0 X 0 0 0 Nancy K Lubin Trustee 2 0 X 0 0 0 Joshua A Lutzker Treasurer 2 0 X X 0 0 0 Carmine A Martignetti Trustee 2 0 X 0 0 0 Robert J Mayer MD until 03-2021 Trustee 2 0 X 0 0 0 Susan W Paine Trustee, Chair until 2/28/21 2 0 X X 0 0 0 Peter Palandjian Trustee 2 0 X 0 0 0 Pamela L Peedin Trustee 2 0 X 0 0 0 Steven R Perles Trustee 2 0 X 0 0 0 Lina S Plantilla MD Trustee 2 0 X 0 0 0 Arthur I Segel until 03-2021 Trustee 2 0 X 0 0 0 Wendy Shattuck Trustee 2 0 X 0 0 0 Nicole M Stata Trustee 2 0 X 0 0 0 Theresa M Stone Trustee 2 0 X 0 0 0 Caroline Taylor Trustee 2 0 X 0 0 0 Dr Christoph Westphal Trustee 2 0 X 0 0 0 D Brooks Zug Trustee 2 0 X 0 0 0 Gail Samuel beginning 06-2021 President and CEO 50 0 X 0 0 0 2771035 0 273883 128 1 1 0 Norbella Inc 46 Plympton Street 3rd Floor Boston MA 02118 Media strategy 931260 Crosscountry Consulting LLC 1600 Tysons Blvd Suite 1100 Mclean VA 22102 IT consulting 803936 Remote Facilities Inc 9 Foster Street Wakefield MA 01880 Video engineering 585064 Consigli Construction Co Inc 72 Sumner Street Milford MA 01757 Construction services 568558 Andris Nelsons Konzertdirektion Schmid 40 St Martins Lane London UK WC2N 4E Services of A. Nelsons 517979 41 0 0 895421 0 0 38475800 8597056 39371221 Concerts & Tours 900099 6626919 6626919 0 0 Program Advertising 900099 120962 0 120962 0 Parking 900099 4930 0 0 4930 Electronic Media 900099 181526 181526 0 0 0 0 0 0 6934337 2692276 0 -51027 2743303 0 0 0 0 0 0 0 0 3911389 0 1680286 0 2231103 0 2231103 754242 0 1476861 109799000 0 72383249 0 37415751 0 37415751 0 306443 37109308 0 895421 0 0 0 0 175357 62721 112636 42965 69671 0 Food & Beverage 900099 441433 0 0 441433 Other Income 900099 673641 0 0 673641 0 0 0 0 1115074 89872398 7605652 446049 42449476 X 0 0 0 0 0 0 0 0 1483540 0 1190875 292665 0 0 0 0 26230574 21133036 2747375 2350163 1021031 1210723 -329839 140147 4371793 3429880 505364 436549 2236827 1531840 502177 202810 0 0 0 0 79482 2176 77306 0 140700 0 140700 0 14324 0 0 14324 0 0 1804185 1804185 0 0 7261264 5667467 1479412 114385 1616425 1420765 12169 183491 941486 414989 484741 41756 1829225 121012 1664917 43296 68222 68222 0 0 4758557 2433485 2300741 24331 1355128 1235988 57752 61388 0 0 0 0 61057 6465 53102 1490 237250 0 237250 0 0 0 0 0 5676742 4655788 623972 396982 577367 298941 274030 4396 Concert production expenses 1044172 1038622 5550 0 Credit card fees 383688 288528 1502 93658 819584 562354 254410 2820 64012623 47324466 12283506 4404651 36092792 58555223 1219608 1221199 15981287 10980853 2849861 7942213 0 0 0 578688 530915 2588183 3409726 184685495 110180700 77159957 74504795 72841957 85840367 375413173 454280271 0 40931753 47996657 625657259 745262219 12554288 12989683 6220706 17196987 10000000 10000000 61849223 43255212 90624217 83441882 X 80888512 117504423 454144530 544315914 535033042 661820337 625657259 745262219 X 25859775 76816605 0 0 0 24110915 X 0 1 X 1 0 X 33247404 41918427 37423480 49260675 39371221 201221207 0 0 0 0 0 0 0 0 0 0 0 0 33247404 41918427 37423480 49260675 39371221 201221207 18503204 182718003 6080385 6446440 5440966 5950506 5900450 29818747 332543 573842 0 0 45406 951791 0 0 0 0 0 231991745 158219079 0.78761 0.76630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 14324 0 0 14324 0 Schedule C, Part II-B, Line 1 The BSO's lobbying activities addressed issues such as federal and state funding and proposed legislation related to historical preservation, tourism, transportation, infrastructure, and education in the context of the arts and nonprofit organizations. A small allocation of the salary of one employee who engaged in lobbying activities on the issues noted above is included in the amount reported. 478096000 6858000 116358000 0 25008000 0 576304000 455898000 8984000 46131000 0 32917000 0 478096000 471546000 6067000 10517000 0 32232000 0 455898000 477751000 8862000 30201000 0 45268000 0 471546000 446379000 9932000 51052000 0 29612000 0 477751000 0.11 0.36 0.53 1 1 1 0 17991832 17991832 0 120767700 77578219 43189481 0 0 0 0 0 44082897 32602481 11480416 0 1843066 0 1843066 74504795 Marketable Alternatives 349342710 F Illiquid Equities 71751433 F Real Estate 12476142 F Real Assets 12366689 F Investment in 263 Realty Corp & HA LP 8343297 F 454280271 Assets Held by Others 36182710 Assets of Split Interest Agreeements 11813947 47996657 Accrued Liability for Pension and Post Retirement 43255212 43255212 X 172209892 76816605 156256 0 7106097 84078958 88130934 1804185 -62721 1741464 89872398 62427415 156256 0 0 62721 218977 62208438 1804185 0 1804185 64012623 Schedule D, Part V, Line 4 The purpose of the endowment is to provide enduring support for the mission of the Orchestra by releasing a substantial and reliable flow of funds to the operating budget. The income earned on the Orchestra's endowment assets may be used for the general or donor-restricted purposes and is recorded as unrestricted net assets or temporarily restricted net assets, as appropriate. Schedule D, Part VI, Line 1e Other includes land improvements and related depreciation and construction in progress. Schedule D, Part VII, Line 3 The investments in 263 HA Limited Partnership is valued at net cost plus accumulated earnings reduced by the distribution to the BSO. Schedule D, Part X, Line 2 The Orchestra accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for al uncertain tax positions. The Orchestra has identified its tax status as tax exempt entity and its determinations relative to income that is considered related and unrelated as its only significant tax positions; however, the Orchestra has determined that such tax positions do not result in an uncertainty requiring recognition. The Orchestra is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for the past three years following the date filed by the appropriate tax authorities. Schedule D, Part XI, Line 2d Change in value of split interest agreements $912,939 and employee retention tax credits $6,193,158. Schedule D, Part XI, Line 4b Cost of good sold Schedule D, Part XII, Line 2d Cost of good sold Central America and the Caribbean 0 0 Investments 172277552 Europe (including Iceland and Greenland) 0 0 Investments 25617488 0 0 197895040 1 0 1 1 1 0 Company Celebration 895421 895421 0 0 0 0 0 0 0 0 0 895421 895421 0 0 0 0 0 0 0 0 0 X X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 Mark Volpe until 06-2021 CEO and President 506372 0 0 0 335958 0 8730 0 38643 0 889703 0 0 0 Evelyn Barnes Chief Financial Officer 276603 0 0 0 0 0 8550 0 16019 0 301172 0 0 0 Bart Reidy Clerk of the Board 243921 0 0 0 366 0 7350 0 41027 0 292664 0 0 0 Alexandra Fuchs Chief Operating Officer 233844 0 0 0 533 0 7355 0 41300 0 283032 0 0 0 Anthony Fogg Artistic Administrator 233149 0 0 0 1457 0 7075 0 13518 0 255199 0 0 0 Lynn Larsen Orchestra Mgr and Dir of Orchestra Personnel 227152 0 0 0 1616 0 6948 0 25037 0 260753 0 0 0 John A Ferrillo Jr Principal Oboe 226424 0 0 0 10941 0 5481 0 28850 0 271696 0 0 0 Malcolm Lowe Concertmaster 0 0 0 0 260037 0 0 0 0 0 260037 0 0 0 Elizabeth Rowe Principal Flute 207932 0 0 0 4730 0 4843 0 13158 0 230663 0 0 0 Schedule J, Part I, Line 1a In connection with the business needs of the Boston Symphony Orchestra (BSO) charter travel is used when transporting large number of personnel in connection with the Orchestra's touring. As a general rule, the BSO does not provide first class travel for employees. In rare instances, the CEO and President's spouse may travel for donor cultivation and fundraising purposes. Events attended are related to business purposes of the BSO. Such travel is entered into and substantiated in accordance with the spousal travel policy adopted by the BSO. Housing for the CEO and Presidents is provided during the summer for the convenience of the BSO in connection with the Orchestra's activities away from Boston at Tanglewood and is not considered taxable. Schedule J, Part I, Line 4 Malcolm Lowe received $259,127 in severance in calendar year 2020. The compensation reported for Mark Volpe, CEO and President, for calendar year 2020 includes Base Compensation of $506,372. Other Reportable Compensation includes: 1) contributions of $19,500 made by Mr. Volpe into a 457(b) plan and 2) a payment of $316,458 which represents the current year obligation related to a retirement compensation plan established for Mr. Volpe in fiscal year 2007 in recognition of his 10 years of outstanding service to the BSO. As amended in 2013, the plan is to provide Mr. Volpe an annual retirement benefit at age 60 equal to approximately 50% of the average compensation earned during his last 5 years of employment. An irrevocable portion of this benefit is accrued and paid each year that he is employed. X 102 8513105 Fair market value X Advertising 3 21742 Fair market value X Transportation 2 62209 Fair market value 0 0 1 0 Schedule M, Part I Column B responses represent the number of contributions Form 990, Part I, Line 6 Volunteers comprise the 722 members of the Boston Symphony Association of Volunteers (BSAV), who provide a variety of services both at Symphony Hall and Tanglewood; 42 voting trustees and 212 non-voting members of the governing board. Form 990, Part VI, Section A, Line 2 Trustee Stephen Kay serves on the Board of the Dana-Farber Cancer Institute. The Dana-Farber Cancer Institute employs another trustee, Dr. Robert J. Mayer, MD. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by BSO management and reviewed by a paid preparer. The complete 990 is then reviewed by the Audit, Risk and Compliance Committee of the Board of Trustees. The Audit, Risk and Compliance Committee reviews each section and schedule of the 990, focusing on key changes and substantive disclosures. Subsequent to this review, a copy of the final draft 990, which is the version to be filed with the IRS, is place in a password-protected website for all members of the Board of Trustees to review in advance of their next board meeting. All members of the Board of Trustees receive an email notifying them that the Form 990 is available for review on the site. The final 990 is signed by the Chief Financial Officer or CEO and President and paid preparer. Form 990, Part VI, Section B, Line 12c The Boston Symphony Orchestra has a Conflict of Interest Policy. The policy requires that Trustees, Officers, and members of a committee with board-delegated powers disclose the existence of any potential or actual conflicts of interest to the Board or to the Executive Committee. The Board or Executive Committee then discusses and votes to determine whether an actual conflict of interest exists. If a conflict exists, the Board or Executive Committee evaluates the particular transaction or arrangement to determine the most reasonable course of action. The individual who disclosed the conflict must leave the Board or Executive Committee meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. Additionally, the policy also requires any staff member that has information about a possible conflict, to report the matter, promptly, to their supervisor, the Director of Human Resources or the Chief Financial Officer. The Director of Human Resources and the Chief Financial Officer will review the circumstances of the possible conflict with other, appropriate, management to make the determination about the most reasonable course of action. A breach of the conflict of interest policy is grounds for disciplinary action, up to and including termination. Additionally, on an annual basis, all Trustees, Officers, or members of a committee with board delegated powers is provided with a copy of the policy and must sign a statement affirming that they have received, read and understand the policy; they must also affirm that they agree to comply with the policy. As part of this Annual Notice of Policy, each individual is required to disclose any potential or actual conflicts of interest in writing. All responses indicating a potential or actual conflict are subject to review by the Board or Executive Committee as described above. Form 990, Part VI, Section B, Line 15 The BSO has a designated Compensation Committee, comprised of trustees of the BSO, which sets the process for determining and approving compensation for officers and key employees. The compensation Committee's process includes: (a) development and consideration of comparability data to provide the bases for the Committee's decisions and (b) consideration of (i) applicable accounting and disclosure rules, (ii) emerging trends in corporate governance, and (iii) standards and guidelines promulgates by the Division of Public Charities of the Massachusetts Office of the Attorney General (collectively, the "Compensation Process"). Deliberations of the Compensation Committee in connection with the Compensation Process are contemporaneously documented. When evaluating officers and key employees, the Compensation Committee carefully considers the following factors: (i) duties and responsibilities, (ii) background and experiences, (iii) dedication, commitment and work schedule, (iv) leadership, management and professional skills, (v) overall performance and standing, (vi) BSO's salary scale of employees generally, and (vii) the BSO's annual budget. The Compensation Committee's most recent review of officer and key employee compensation occurred in 2021. Form 990, Part VI, Section C, Line 19 The Boston Symphony Orchestra's audited financial statements, conflict of interest policy and other governing documents are available upon request. Form 990, Part VII, Section A, Line 1b Compensation reported is based on the calendar year 2020 amounts. Form 990, Part VII, Section B, Line 1(C) Compensation reported is based on calendar year 2020 results. Form 990, Part IX, Line 11g Comprised of $7,147,438 of artistic and other concert related fees. Form 990, Part XI, Line 9 Other changes in net assets or fund balances of $24,110,915 comprised of the change in value of split interest agreements of $912,939, retirement plan-related credits, other than net periodic benefits costs of $17,004,817 and employee retention credits of $6,193,159. Boston 4 Celebrations Foundation Inc 301 Massachusetts Avenue Boston MA 02115 043311403 Provide for public celebration on July 4th MA 501 (c) (3) III-FI Boston Symphony Orchestra Inc 1 263 HA Limited Partnership 301 Massachusetts Avenue Boston MA 02115 Real Estate MA 263 Realty Corporation Excluded 1556666 8787006 0 0 0.99 263 Realty Corporation 301 Massachusetts Avenue Boston MA 02115 043252433 Real Esatate MA Boston Symphony C 15724 57706 1 1 Trust 301 Massachusetts Avenue Boston MA 02115 Trust MA Boston Symphony T 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 1 263 HA Limited Partnership k 352201 Fair Market Value 263 HA Limited Partnership s 1686835 Actual partnership distribution