2021-04-06T11:34:34-05:00 2020-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-07-01 566011568 CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC CHAR 7049722003 128 S TRYON STREET NO 300 CHARLOTTE NC 28202 DAVID FISK PRESIDENT & CEO 7049722003 2021-04-01 1 AMANDA ADAMS P00748038 7043771678 2019 2022-09-23 18:48:47Z DAVID FISK 128 S TRYON STREET NO 300 CHARLOTTE NC 28202 9107181 0 X WWW.CHARLOTTESYMPHONY.ORG X 1932 NC TO CONNECT AND STRENGTHEN OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. 18 16 298 30 0 0 7664642 5950627 4045577 2943399 365 281 -20316 77920 11690268 8972227 0 0 0 0 7015574 6669959 0 0 539702 3142288 2882258 10157862 9552217 1532406 -579990 14179810 14583525 2756872 3682097 11422938 10901428 X CSO IS COMMITTED TO PROVIDING EXCEPTIONAL MUSICAL EXPERIENCES BOTH ON OUR MAIN STAGES AND OUTSIDE THE CONCERT HALL. CORE PROGRAMMING RUNS SEPTEMBER THROUGH JUNE AND FEATURES CLASSICAL, POPS, FAMILY AND MOVIES IN CONCERT PROGRAMS. IN ADDITION TO MAIN STAGES, THE CSO PERFORMS IN COMMUNITY CENTERS, SCHOOLS, AND SENIOR CARE CENTERS. 0 0 7334666 2792043 LAST YEAR THE CHARLOTTE SYMPHONY OFFERED 150 PERFORMANCES FOR 45,000 PATRONS. EVENTS INCLUDED CLASSICAL CONCERTS FEATURING GREAT SOLO ARTISTS ON OUR MAIN STAGE, MUSIC AND MEMORY PROGRAMS IN NEIGHBORHOOD COMMUNITY CENTERS, INFORMAL CONCERTS IN LOCAL BREWERIES, AND PARTICIPATORY EDUCATIONAL CONCERTS FOR THOUSANDS OF CHILDREN. 156866 73158 YOUTH ORCHESTRAS: WITH THE BELIEF THAT MAKING MUSIC IS A RIGHT, NOT A PRIVILEGE, WE ACTIVELY NURTURE THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS BY SUPPORTING TWO YOUTH ORCHESTRAS FOCUSED ON DUAL GOALS OF EXTRAORDINARY MUSIC EDUCATION AND DIVERSITY, EQUITY AND INCLUSION. WE PROVIDE A NURTURING ENVIRONMENT FOR OUR YOUNG MUSICIANS TO CREATE LASTING BONDS THROUGH MUSIC AND FRIENDSHIP, AND INSTILL THE VALUES OF COMMUNITY SERVICE THROUGH MUSIC. 171996 78198 COMMUNITY EDUCATION PROGRAMS: AN INTENSIVE AFTERSCHOOL YOUTH PROGRAM FOCUSED ON CHARLOTTE'S CHILDREN WITH THE GREATEST NEEDS AND FEWEST RESOURCES, PROJECT HARMONY IS A MUSIC AND LEADERSHIP PROGRAM AIMED AT EXPANDING THE VISION OF WHAT IS POSSIBLE FOR OUR AREA YOUTH. CHILDREN ARE GIVEN FREE INSTRUMENTS, ORCHESTRA ENSEMBLE TRAINING, AND ACADEMIC SUPPORT. 7663528 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 1 298 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NC SC X DAVID FISK 7047145100 128 S TRYON STREET SUITE 350 CHARLOTTE NC 28202 DR DEREK RAGHAVAN CHAIRPERSON 2.00 X X 0 0 0 MRS KIMBERLY C PARKER CHAIRPERSON-ELECT 2.00 X X 0 0 0 MR JEFFREY LEE VICE-CHAIR ELECT 2.00 X X 0 0 0 MR KEVIN WALKER TREASURER 2.00 X X 0 0 0 MS DEBBIE ABLES DIRECTOR 1.00 X X 0 0 0 MR MICHAEL ANKROM DIRECTOR 1.00 X 0 0 0 MR JOHN BARQUIN DIRECTOR 1.00 X 0 0 0 MR BRIAN BRIDGFORD DIRECTOR 1.00 X 0 0 0 MR THOMAS BURGE DIRECTOR/MUSICIAN 13.00 X 44913 0 11260 MR WILTON CONNOR DIRECTOR 1.00 X 0 0 0 MR BRIAN CROMWELL DIRECTOR 1.00 X 0 0 0 MRS LINDA FARTHING DIRECTOR 1.00 X 0 0 0 MR REGINALD HENDERSON DIRECTOR 1.00 X 0 0 0 MR DAVID LEITCH DIRECTOR 1.00 X 0 0 0 MS RAQUEL LYNCH DIRECTOR 1.00 X 0 0 0 MR YIH-HAN MA DIRECTOR 1.00 X 0 0 0 MR ALEX MCKINNON DIRECTOR 1.00 X 0 0 0 MR GLENN MINCEY DIRECTOR 1.00 X 0 0 0 MR H STACY NICHOLSON DIRECTOR 1.00 X 0 0 0 MR PAUL A REICHS DIRECTOR 1.00 X 0 0 0 MR MIKE RUTLEDGE DIRECTOR 1.00 X 0 0 0 MR ROBERT RYDEL DIRECTOR/MUSICIAN 13.00 X 30583 0 10011 MR CARLOS TARAZONA DIRECTOR/MUSICIAN 13.00 X 34578 0 10359 MR FERNANDO YCAZA DIRECTOR 1.00 X 0 0 0 MR JAY YOUNG DIRECTOR 1.00 X 0 0 0 MS MARY DEISSLER PRESIDENT & CEO (THRU 8/31) 60.00 X 164012 0 1224 MS MICHELLE HAMILTON INTERIM CEO & VP OF DEV. 60.00 X 141339 0 7344 MR CHRISTOPHER WARREN-GREEN MUSIC DIRECTOR 30.00 X 183670 0 0 MR BRANDON VANWAEYENBERGHE DIRECTOR OF FINANCE (THRU 8/6) 40.00 X 56748 0 1224 MR CALIN LUPANU CONCERTMASTER 40.00 X 101740 0 16216 757583 0 57638 4 0 1 0 CAPACITY INTERACTIVE CONSULTING PO BOX 83447 WOBURN MA 018133447 CONSULTING 100177 1 633244 134625 114000 5068758 5950627 SINGLE TICKET SALES 900099 1792230 1792230 SEASON TICKET SALES 900099 710607 710607 OTHER FEE CONCERTS 900099 289206 289206 YOUTH ORCHESTRA 900099 151356 151356 2943399 281 281 78201 134625 134954 -56753 -56753 134673 134673 134673 8972227 2943399 0 78201 757582 395483 220760 141339 4330803 4048466 55972 226365 200898 200898 899024 794139 80715 24170 481652 424261 24275 33116 933 933 181966 181966 364029 66673 276180 21176 442624 421953 20251 420 372711 160478 172798 39435 92658 13305 77444 1909 172635 15430 157205 30866 23939 2279 4648 45116 45116 25652 25652 THEATER COSTS/STAGEHAND 479831 479831 GUEST ARTISTS/CONDUCTOR 398806 398806 INSTRUMENTS & MUSIC 209779 209779 64652 10087 7441 47124 9552217 7663528 1348987 539702 1045758 1940388 86774 606096 1219073 347751 292852 46430 141902 75219 967750 248300 716301 719450 10677150 10848191 14179810 14583525 662284 656394 2094588 3025703 2756872 3682097 X -344940 -470126 11767878 11371554 11422938 10901428 14179810 14583525 X -579990 58480 X 0 1 X 1 0 X 7253143 6294870 7298457 7664642 5950627 34461739 7253143 6294870 7298457 7664642 5950627 34461739 1440858 33020881 1114 1220 365 281 2980 92489 2067 7707 36560 138823 34603542 17151642 0.95430 0.95460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10303053 800000 58480 447742 10713791 9823482 927057 333783 781269 10303053 10410038 10842 775807 1373205 9823482 10032233 -31891 709094 299398 10410038 7909044 2007697 375790 260298 10032233 1.00000 1 0 967750 248300 719450 719450 BENEFICIAL INTERESTS IN TRUSTS 10401643 ALLOWABLE ENDOWMENT SPENDING NOT WITHDRAWN 446548 10848191 X 9030707 58480 58480 8972227 0 8972227 9552217 0 9552217 0 9552217 PART V, LINE 4: THE CSO'S ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, INSTRUMENT CHAIRS, EDUCATION, AND ONGOING OPERATIONAL EXPENSES. PART X, LINE 2: THE SOCIETY HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE WITH RESPECT TO ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT BELIEVES THAT THE SOCIETY CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SOCIETY ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE SOCIETY BELIEVES THAT THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE SOCIETY HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO MATERIAL UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 58,480. OPENING NIGHT GALA 212826 134625 78201 17275 78060 750 38869 212826 134625 78201 17275 78060 750 38869 134954 -56753 X X X X X 0 0 0 0 0 0 0 0 0 MS MARY DEISSLER PRESIDENT & CEO (THRU 8/31) 164012 0 0 0 0 0 0 0 1224 0 165236 0 0 0 MR CHRISTOPHER WARREN-GREEN MUSIC DIRECTOR 183670 0 0 0 0 0 0 0 0 0 183670 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DRAFT OF THE FORM 990. UPON THEIR REVIEW AND RECOMMENDATION, A PUBLIC DISCLOSURE COPY IS THEN SENT TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. THE PUBLIC DISCLOSURE COPY OF THE 990 IS REVIEWED BY THE BOARD IN ORDER TO PROTECT THE PRIVACY OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE DIRECTOR WITH THE POTENTIAL CONFLICT WILL RECUSE HIM/HERSELF FROM ALL DISCUSSION AND VOTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE CEO THAT PROVIDES FOR ALL ASPECTS OF THE CEO'S COMPENSATION AND BENEFITS PACKAGE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CEO'S PERFORMANCE AGAINST AGREED GOALS AND KPIS, AND REVIEWS COMPENSATION. IN DETERMINING COMPENSATION LEVEL, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE DATA FOR ORCHESTRAS WITH A SIMILAR BUDGET AND SCOPE AS DETERMINED BY THE FIELD'S NATIONAL ASSOCIATION, THE LEAGUE OF AMERICAN ORCHESTRAS, AS WELL AS COMPENSATION FOR ARTS AND CULTURE LEADERS IN THE LOCAL GEOGRAPHIC REGION. FOR ALL OTHER EMPLOYEES, THE BOARD OF DIRECTORS APPROVES AN OVERALL ADMINISTRATIVE BUDGET INCLUDING STAFF SALARIES. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION FINANCIAL STATEMENTS, INCLUDING LATEST AUDITED STATEMENTS AND FORM 990, ARE POSTED ON THE CSO'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN TRUST 58,480.