2021-05-14T16:52:23-05:00 2020-06-30 571112308 MCCAY KIDDY LLC 1156 BOWMAN ROAD SUITE 100-A MOUNT PLEASANT SC 29464 990 2019-07-01 576000192 CHARLESTON SYMPHONY ORCHESTRA CHAR 8437237528 PO BOX 30818 CHARLESTON SC 29417 MICHAEL A SMITH EXECUTIVE DIRECTOR 8437237528 2021-05-14 1 BROOKE SKINNER EA MSA P01225402 8438814477 2021-05-14 2019 2022-09-23 18:48:47Z MICHAEL A SMITH PO BOX 30818 CHARLESTON SC 29417 3546964 0 X HTTPS://CHARLESTONSYMPHONY.ORG/ X 1936 SC OUR VISION IS TO BE A WORLD-CLASS ORCHESTRA FOR A WORLD-CLASS CITY. THE MISSION OF THE CHARLESTON SYMPHONY ORCHESTRA IS TO INSPIRE AND ENGAGE OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFOMANCES AND EDUCATIONAL PROGRAMS. WE WILL EDUCATE, CHALLENGE, AND INSPIRE STUDENTS THROUGH MUSICAL EXPERIENCES.IN FISCAL YEAR 2020, 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. 21 21 256 281 0 0 1956417 2078237 1620536 1408163 -10882 29281 5774 31283 3571845 3546964 0 0 0 0 2547955 2597297 0 0 300703 1047291 1073105 3595246 3670402 -23401 -123438 2506022 2650180 1366994 1612152 1139028 1038028 X 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. OUR VISION IS TO BE A WORLD-CLASS ORCHESTRA FOR A WORLD-CLASS CITY.OUR VALUES: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 APOSITIVE 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, ANDBOARD OF DIRECTORS AS WELL AS WITH OUR DONORS AND PATRONS. WE STRIVETO LISTEN AND UNDERSTAND EACH OTHER'S PERSPECTIVES AND RESPOND OPENLYON ALL ISSUES. 0 0 2500127 1370786 THE SYMPHONY HAS THREE MAIN SERIES OF PERFORMANCES: MASTERWORKS, POPS, AND CHAMBER MUSIC. THE MASTERWORK SERIES IS DEVOTED TO PERFORMANCES OF THE GREATEST ORCHESTRAL WORKS COMPOSED OVER THE PAST FOUR CENTURIES. POPS FEATURES THE ORCHESTRA IN A LESS FORMAL SETTING AND IS FOCUSED MORE ON LIGHT ENTERTAINMENT AND FAMILY FRIENDLY PROGRAMMING. THE CHAMBER MUSIC SERIES FEATURES CSO CORE MUSICIANS IN MORE INTIMATE SETTINGS PERFORMING THE WORLD'S GREATEST CHAMBER MUSIC REPERTOIRE.BOTH THE MASTERWORKS AND THE POPS SERIES SAW AN OVERALL INCREASE IN ATTENDANCE AS THE SYMPHONY ROLLED OUT A MORE FLEXIBLE "PICK SIX" SUBSCRIPTION PACKAGE WHICH ALLOWED PATRONS TO CURATE THEIR OWN SERIES BASED ON PERSONAL TASTES AND SCHEDULES. 555290 37377 THE SYMPHONY OFFERS FOUR CORE EDUCATIONAL PROGRAMS FOCUSED ON INSPIRING, CHALLENGING AND EDUCATING STUDENTS THROUGH MUSICAL EXPERIENCES; CHARLESTON SYMPHONY YOUTH ORCHESTRA (CSYO), YOUNG PEOPLES CONCERT (YPC), MUSIC IN SCHOOL PERFORMANCES, AND OUR RESIDENCY PROGRAM AT THE ALLEGRO CHARTER SCHOOL OF MUSIC. OVER 128 MUSICIANS RANGING FROM IN AGES 3-12 FROM 36 SCHOOLS THROUGHOUT THE LOWCOUNTRY RECEIVED IN-DEPTH, HIGH-QUALITY MUSICAL INSTRUCTION THROUGH OUR CSYO ENSEMBLES WITH OPPORTUNITIES FOR MENTORSHIP BY SYMPHONY MUSICIANS.IN ADDITION, 2,067 STUDENTS FROM 22 SCHOOLS PARTICIPATED IN OUR YOUNG PEOPLE'S CONCERT IN PARTNERSHIP WITH CARNEGIE HALL'S LINK UP PROGRAM. THE SYMPHONY PERFORMED AT 63 SCHOOLS THROUGHOUT THE TRI-COUNTY REACHING OVER 13,400 STUDENTS, 33% OF SCHOOLS VISITED WERE TITLE I. THE SYMPHONY MUSICIANS REGULARLY VISIT THE ALLEGRO CHARTER SCHOOL OF MUSIC TO WORK ON INSTRUMENTAL TECHNIQUE AND ENSEMBLE PLAYING WITH A GROUP OF PERCUSSION STUDENTS. THE SYMPHONY ALSO HELD A 5-DAY INTENSIVE CONDUCTING WORKSHOP FOR YOUNG CONDUCTORS FROM ACROSS THE WORLD TO WORK WITH THE SYMPHONY AND LEARN FROM RENOWNED FACULTY AND SYMPHONY MUSIC DIRECTOR, KEN LAM. WHEN THE SYMPHONY MUSICIANS ARE NOT ON THE STAGE, THEY ARE PERFORMING THROUGHOUT THE COMMUNITY, INCLUDING STORYTIME CONCERTS AT THE PUBLIC LIBRARY, SALTWATER SOUNDS AT THE SC AQUARIUM, AND MORE. THE SYMPHONY HAS OPERATED UNDER A BUSINESS MODEL THAT HAS PRODUCED MODEST OPERATING SURPLUSES FOR NINE YEARS PRIOR TO THE PANDEMIC, AND IS PROUD TO FOSTER A COLLABORATIVE WORKING ENVIRONMENT AMONGST BOARD, STAFF, AND MUSICIANS. THE SYMPHONY BENEFITS FROM A BROAD BASE OF ENTHUSIASTIC SUPPORT FROM CHARLESTON AND SURROUNDING COMMUNITIES. THE SYMPHONY DEPENDS ON PHILANTHROPIC SUPPORT FOR FIFTY-NINE PERCENT OF ITS OPERATING BUDGET AND IS PARTICULARLY GRATEFUL FOR THIS SUPPORT. 3055417 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 10 0 1 256 1 0 0 0 0 0 0 0 0 0 0 X 21 21 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 PRESIDENT 10.00 X X 0 0 0 MICHAEL MOODY TREASURER 10.00 X X 0 0 0 LEE HIGDON VICE PRESIDENT 1.00 X X 0 0 0 CAROL H FISHMAN VICE PRESIDENT 1.00 X X 0 0 0 JERRY HUDSON EVANS VICE PRESIDENT 1.00 X X 0 0 0 LENNA MACDONALD DIRECTOR 1.00 X 0 0 0 LYN MAGEE DIRECTOR 1.00 X 0 0 0 DR BOBBY BAKER DIRECTOR 1.00 X 0 0 0 TRACY GROOMS DIRECTOR 1.00 X 0 0 0 CLYDE HIERS DIRECTOR 1.00 X 0 0 0 WENDI HUFF DIRECTOR 1.00 X 0 0 0 ANN HURD FRALIX DIRECTOR 1.00 X 0 0 0 NATALIE HAM DIRECTOR 1.00 X 0 0 0 DR EDDIE IRIONS DIRECTOR 1.00 X 0 0 0 ELIZABETH RIVERS LEWINE DIRECTOR 1.00 X 0 0 0 CYNTHIA MABRY DIRECTOR 1.00 X 0 0 0 JON W OLSON SR DIRECTOR 1.00 X 0 0 0 ROY OWEN 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 SUSAN SULLIVAN DIRECTOR 1.00 X 0 0 0 MICHAEL A SMITH EXECUTIVE DIRECTOR 60.00 X 119786 0 3858 KENNETH KING KEI LAM MUSIC DIRECTOR 40.00 X 126735 0 0 YURIY BEKKER CONCERTMASTER 40.00 X 101479 0 0 348000 0 3858 3 0 0 0 0 174825 134650 1768762 15963 2078237 CONCERT REVENUE 711130 1408163 1408163 1408163 29281 29281 OTHER INCOME 900099 31283 31283 31283 3546964 1468727 0 0 123643 49457 37093 37093 2473654 2188361 85912 199381 58628 58628 147296 147296 115100 95080 10010 10010 26788 26788 14533 14533 MISC. DEPARTMENT EXPENS 148645 8699 139946 STAGE CREWS 142305 142305 BAD DEBT EXPENSE 124250 124250 INDIRECT PRODUCTION 101251 101251 194309 140090 54219 3670402 3055417 314282 300703 1274548 1426197 607086 658797 147204 101750 70152 70938 549106 156608 407032 392498 2506022 2650180 82401 85178 904791 717025 67692 56296 312110 305653 0 448000 1366994 1612152 X 750670 695437 388358 342591 1139028 1038028 2506022 2650180 -123438 22438 0 X X 0 1 X 1 0 X 1658944 1921897 1893025 1956417 2078237 9508520 1695894 1507827 1749506 1620536 1408163 7981926 3354838 3429724 3642531 3576953 3486400 17490446 162202 183181 646828 175847 391593 1559651 0 162202 183181 646828 175847 391593 1559651 15930795 17900 19408 -8536 -10882 29281 47171 17900 19408 -8536 -10882 29281 47171 98228 54793 180 5774 31283 190258 3470966 3503925 3634175 3571845 3546964 17727875 0.89860 0.90860 0.00270 0.00460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 607086 25000 51526 20000 4815 658797 558048 25000 44496 16216 4242 607086 464945 95068 17682 41508 3139 533048 400992 25000 57265 13924 4388 464945 411336 25000 -16006 14789 4549 400992 1 0 549106 156608 392498 392498 PPP LOAN 448000 448000 X 3569402 22438 22438 3546964 0 3546964 3670402 0 3670402 0 3670402 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 CHARLESTON SYMPHONY ORCHESTRA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILIABE TO THE PUBLIC EITHER ON OUR ITS WEBSITE OR UPON REQUEST. 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 174825 FAIR VALUE