2021-05-17T12:32:40-05:00 2020-07-31 350921680 CROWE LLP 750 N St Paul Suite 850 Dallas TX 75201 990 2019-08-01 620550979 Nashville Symphony Association NASH 6156876515 1 Symphony Place Nashville TN 37201 Alan Valentine President & CEO 2021-05-17 true Jackie Coburn P00244301 2147775200 2019 2022-09-23 18:48:47Z The Nashville Symphony Alan Valentine 1 Symphony Place Nashville TN 37201 29470048 false X nashvillesymphony.org X 1946 TN The Nashville Symphony inspires, entertains, educates and serves through musical performance, innovation, collaboration, and inclusion. 50 41 546 250 -966889 0 9667688 9367661 10754030 6214666 389036 104848 2368590 259847 23179344 15947022 34000 4000 0 0 14839555 14373795 241405 229511 1236142 12306565 9003600 27421525 23610906 -4242181 -7663884 97192767 92523857 26362252 29345428 70830515 63178429 The Nashville Symphony inspires, entertains, educates and serves through musical performance, innovation, collaboration, and inclusion. Vision: As Middle Tennessee continues to grow and transform, the Nashville Symphony will be a financially robust, world-class orchestra fully supported and embraced by the community it serves. Key to achieving this vision, the Nashville Symphony will: * Become the leading orchestra for the performance, recording and commissioning of contemporary American Music. * Transform into an equitable and inclusive institution that is representative of the diverse community it serves. * Deliver visionary artistic and educational programming that excites the public, drives institutional growth and contributes to the growth of the art form. false false 17974814 0 7724278 Artistic Programming : Curated by Maestro Giancarlo Guerrero, the Nashville Symphony's Classical Series is the cornerstone of the orchestra's programming. Until it was cut short by the pandemic in March 2020, the series featured a mix of beloved classical repertoire and contemporary American works. Of note, concertmaster Jun Iwasaki took a virtuoso turn at the front of the stage to perform Bartok's Rhapsodies No. 1 & No. 2 with guest conductor Lawrence Foster, and "Beethoven's Birthday Bash" began a year of planned concerts celebrating the 250th anniversary of Beethoven's birth and his musical legacy. Led by Chorus Director Tucker Biddlecombe, the Nashville Symphony Chorus joined the orchestra to perform Rachmaninoff's The Bells and Vaughan Williams' Serenade to Music, which featured 13 Chorus members as soloists. The Nashville Symphony regularly welcomes composers to Nashville to participate in the rehearsals and performances of their works. This season featured two notable highlights. Adolphus Hailstork, who got one of his first professional opportunities half a century earlier thanks to then-Nashville Symphony Music Director Thor Johnson, returned to town for a performance of An American Port of Call in the opening concerts of the Classical Series. One of the most widely celebrated composers working today, Jennifer Higdon, came to Nashville for the recording of her Low Brass Concerto, which featured Nashville Symphony trombonists Paul Jenkins, Derek Hawkes, and Steven Brown, plus tubist Gilbert Long. The Nashville Symphony remains one of the most active recording orchestras in the U.S., and the season included a number of projects - some just started and others completed. In addition to Higdon's Low Brass Concerto, these included John Adams' My Father Knew Charles Ives and Horatio Parker's Organ Concerto. Three Nashville Symphony recordings were released to the public on the internationally distributed Naxos label: Aaron Jay Kernis' Symphony No. 4 "Chromelodeon," Christopher Rouse's Symphony No. 5 (which was nominated for a 2021 GRAMMY Award in the Best Contemporary Classical Composition category), and Tobias Picker's The Encantadas. The Nashville Symphony's innovative Composer Lab program, led by Giancarlo Guerrero and composer Aaron Jay Kernis, welcomed five outstanding young composers for an intensive week of activities during which they were able to develop their talents, gain hands-on experience working with the Nashville Symphony, and showcase their work for a live audience. Featured composers included Jack Frerer, Jared Miller, Brian Raphael Nabors, Niloufar Nourbakhsh and SiHyun Uhm. In addition to its classical programming, the Nashville Symphony offers a wide variety of concerts for the Middle Tennessee community, including pop, jazz, family events and movies with live orchestra. Of special note, the Nashville Symphony hosted local organizations including Casa de la Cultura to present Mexico en el Corazon, a free mariachi celebration at Schermerhorn Symphony Center. As COVID-19 spread across the U.S. in March 2020, venues hosting concerts, sporting events and other gatherings were among the first businesses to suspend activity. This sudden halt led to the cancellation or postponement of 60 concerts at the Schermerhorn Symphony Center through Summer 2021. Performing and presenting concerts is the lifeblood of our institution, generating two-thirds of our annual operating revenue. The impact on our institution was immediate and dramatic. When the pandemic forced the suspension of public concert activity, our musicians weren't ready to put down their instruments. Instead, they got busy developing virtual content from their homes. Audiences got to see a whole new side of our orchestra, as trombonist Paul Jenkins and his wife Anna Spina performed a trombone duet for their infant son, composer-violist Chris Farrell performed a duet with bassoonist Julia Harguindey, clarinetist Katherine Kohler featured her puppy Tilly in a performance of Strauss' Till Eulenspiegel's Merry Pranks, and much more. In addition to these solo and duo performances, the Musicians of the Nashville Symphony collaborated on a performance of the fifth movement from Beethoven's Sixth Symphony. Maestro Guerrero, our Accelerando students, and members of the Nashville community all joined in for a performance of Accelerando Coordinator Bryson Finney's "We Are Nashville," which would go on to win a Midsouth Regional Emmy Award. During this time, the Nashville Symphony Chorus continued rehearsing virtually, and director Tucker Biddlecombe created a virtual choir project with 100 recorded submissions from chorus members. 1563027 4000 0 Education & Community Engagement Programs: The Nashville Symphony proudly serves thousands of children and families each year from the 41-county Middle Tennessee region, both at Schermerhorn Symphony Center and in local schools and community gathering spaces across the region. The Symphony works to offer integrated support across a number of programs for children with autism and/or other sensory sensitivities, including flexible and accessible seating, closed captioning, quiet spaces, trained staff and additional resources. 20,996 students and community members participated in Education & Community Engagement programs during the 2019/20 season. Our impact and reach were affected dramatically by the suspension of programming due to the pandemic. In spite of this disruption, the Nashville Symphony's education programs were able to make a difference in the lives of local students and educators. Ensembles in the Schools engaged more than 3,000 students and completed the first year of residency programs in five elementary schools. Ten Young People's Concerts were attended by 85 school groups and engaged over 11,000 students. Sensory-friendly materials were available for more than 60 performances. The Nashville Symphony's Accelerando initiative prepares gifted young students of diverse ethnic backgrounds to pursue music at the collegiate level and beyond. In 2019/20, the program welcomed six new students, bringing the number of students in the program to 19. The seniors auditioned for college music programs and were awarded a combined $261,000 in college scholarship funding, and one student was awarded From The Top's Jack Kent Cooke Young Artists Award and received $15,000 toward a new instrument. Free community performances reached more than 4,000 people in the 2019/20 season. Concerts included full-orchestra engagements at Plaza Mariachi and The Renaissance Center in Dickson. Free performances at the Schermerhorn Symphony Center included our annual Let Freedom Sing celebration of Dr. Martin Luther King, Jr. and the civil rights movement. 19537841 true true false false false false false false true true false false false false true true false false false false false false true true false false false false true false false false true false false false false false false false false false true true true false false true 222 0 true 546 true true true false false false false true true false false false false false false X 50 41 true false true false false false false true true false false false true true true true true false false false TN X X Karren Warren 6156876516 1 Symphony Place Nashville TN 37201 ALAN D VALENTINE PRESIDENT & CEO 40.0 0.0 X X 392973 0 18420 DR MARK D PEACOCK DIRECTOR/Board Chair (Begin 09/2019) 1.0 0.0 X X 0 0 0 DR PAMELA L CARTER BOARD CHAIR-ELECT 1.0 0.0 X X 0 0 0 KEVIN W CRUMBO BOARD CHAIR (until 09/2019) 1.0 0.0 X X 0 0 0 ORRIN HENRY 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DIRECTOR (see Schedule O) 40.0 0.0 X 75632 0 13373 JAMES C SEABURY III DIRECTOR 1.0 0.0 X 0 0 0 JAMES W WHITE DIRECTOR 1.0 0.0 X 0 0 0 JENNIFER H PURYEAR DIRECTOR 1.0 0.0 X 0 0 0 JEREMIE PAPIN DIRECTOR 1.0 0.0 X 0 0 0 JONATHAN G WEAVER DIRECTOR 1.0 0.0 X 0 0 0 KARL SPRULES DIRECTOR 1.0 0.0 X 0 0 0 LAURA COVINGTON KIMBRELL DIRECTOR 1.0 0.0 X 0 0 0 LEE ANN INGRAM DIRECTOR 1.0 0.0 X 0 0 0 LUIS SOLANA DIRECTOR 1.0 0.0 X 0 0 0 MARK TILLINGER DIRECTOR 1.0 0.0 X 0 0 0 MARTHA R INGRAM DIRECTOR 1.0 0.0 X 0 0 0 MARY CAVARRA DIRECTOR 1.0 0.0 X 0 0 0 MELINDA BALSER DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL W HAYES DIRECTOR 1.0 0.0 X 0 0 0 MICHELLE COLLINS DIRECTOR (see SCHEDULE O) 40.0 0.0 X 66005 0 13166 NEWMAN ARNDT DIRECTOR 1.0 0.0 X 0 0 0 PATRICK MURPHY DIRECTOR 1.0 0.0 X 0 0 0 PERI WIDENER DIRECTOR 1.0 0.0 X 0 0 0 RIC J POTENZ DIRECTOR 1.0 0.0 X 0 0 0 RICHARD L MILLER DIRECTOR 1.0 0.0 X 0 0 0 ROBERT OLSEN DIRECTOR 1.0 0.0 X 0 0 0 SANDRA LIPMAN DIRECTOR 1.0 0.0 X 0 0 0 SHIRLEY ZEITLIN DIRECTOR 1.0 0.0 X 0 0 0 VICKI HORNE DIRECTOR 1.0 0.0 X 0 0 0 VICTORIA PAO DIRECTOR 1.0 0.0 X 0 0 0 W BRANTLEY PHILLIPS JR DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM JONES JR DIRECTOR 1.0 0.0 X 0 0 0 MARYE WALKER LEWIS CFO 40.0 0.0 X 208491 0 14435 STEVEN BROSVIK COO 40.0 0.0 X 210477 0 19171 GIANCARLO GUERERRO MUSIC DIRECTOR 40.0 0.0 X 520677 0 19171 JUN IWASAKI CONCERTMASTER 40.0 0.0 X 219238 0 13661 ASHLEY SKINNER VP OF HUMAN RESOURCES 40.0 0.0 X 108230 0 7281 DANIEL B GROSSMAN VP OF MARKETING 40.0 0.0 X 221057 0 0 ERIC SWARTZ VP OF VENUE MANAGEMENT 40.0 0.0 X 113367 0 6307 JONATHAN NORRIS VP OF DEVELOPMENT 40.0 0.0 X 167962 0 5000 2519371 0 168574 9 false true false Bennett Direct PO Box 0015 Milwaukee WI 532010015 Professional Telefunding 263068 Jack's Traveling Show Inc 3310 West End Avenue Ste 400 Nashville TN 37203 Artist Agency 250000 Allied Universal Security Services PO Box 828854 Philadelphia PA 19182 Security Service 206220 PROIMAGE FACILITY SERVICES LLC 761 OLD HICKORY BLVD STE 302 BRENTWOOD TN 37027 JANITORIAL SERVICES 204048 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH 9TH FL NORTH NEW YORK NY 10016 ARTIST AGENCY 197000 13 0 5925 1173299 0 25000 8163437 0 9367661 Ticket sales 711190 5907830 5907830 Orchestra fees 711190 306836 306836 0 0 0 0 6214666 338092 338092 1197874 0 2164763 0 -966889 0 -966889 -966889 10648891 44207 10922055 4287 -273164 39920 -233244 -233244 65830 1173299 355206 -289376 -289376 0 0 0 0 0 0 341913 76715 265198 265198 TICKET HANDLING CHARGES/FACILITY FEES 711190 1227110 1227110 COMMISSIONS ON ARTIST MERCH SALES & MISC VENUE 711190 17304 17304 Insurance Proceeds 900099 6500 6500 0 0 0 0 1250914 15947022 7724278 -966889 -178028 X 4000 4000 1800695 1086643 714052 0 10554964 9377760 445780 731424 473857 473857 0 0 655915 541685 72350 41880 888364 768925 63620 55819 76000 76000 0 0 37086 0 37086 0 90000 0 90000 0 229511 229511 95043 0 95043 0 2813652 2762201 32305 19146 854043 739822 0 114221 102755 21179 76290 5286 280067 0 280067 0 135458 135458 0 0 657755 656811 944 0 45541 21154 15317 9070 26163 4484 16727 4952 415358 0 415358 0 0 0 0 0 1892740 1892740 0 0 312905 144857 168048 0 OTHER PRODUCTION EXPENSES 801041 801041 0 0 OTHER ADMIN EXP 306970 0 306970 0 61023 29224 6966 24833 23610906 19537841 2836923 1236142 191009 1662953 3580840 3597451 3301403 2478301 577961 128065 0 0 0 0 0 0 112242 117802 907548 395237 147780232 75392698 74788601 72387534 13733163 11756514 0 0 0 0 97192767 92523857 985483 1889214 0 0 5376769 4608834 0 0 0 0 20000000 20000000 0 2847380 0 0 26362252 29345428 X 64159375 55916225 6671140 7262204 70830515 63178429 97192767 92523857 X -7663884 172600 -160802 X false true X true false X 5813618 7798807 8289589 9667688 9367661 40937363 13680231 13613168 14544736 13733711 7800993 63372839 0 0 0 19493849 21411975 22834325 23401399 17168654 104310202 570000 596707 657138 608142 806113 3238100 0 0 0 0 0 0 570000 596707 657138 608142 806113 3238100 101072102 1753081 1877398 1846299 1860293 1535966 8873037 0 0 0 0 0 0 1753081 1877398 1846299 1860293 1535966 8873037 0 0 0 0 0 0 746699 117884 129965 143785 72330 1210663 21993629 23407257 24810589 25405477 18776950 114393902 0.8835 0.8848 0.0776 0.0745 X Schedule A, Part III Line 2 & Line 12 restatement Lines 2 and 12 of Schedule A, Part III have been restated for all years shown to report inventory sales amounts correctly. Schedule A, Part III, Line 12 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 124940.0, COLUMN B - 117884.0, COLUMN C - 129965.0, COLUMN D - 143785.0, COLUMN E - 65830.0, COLUMN F - 582404.0; DESCRIPTION - GROSS SALES OF INVENTORY (10A), COLUMN A - 562384.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 562384.0; DESCRIPTION - GAMING (RAFFLE), COLUMN A - 59375.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 59375.0; DESCRIPTION - INSURANCE PROCEEDS, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 6500.0, COLUMN F - 6500.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10787087 53499 63949 0 534221 78415 10291899 11121240 4752 296373 0 526898 108380 10787087 10796215 164153 711734 0 447908 102954 11121240 10332572 51695 894966 0 386774 96244 10796215 10646267 30320 220997 0 497932 67080 10332572 0.9305 0.0695 0.0 false true true 3500000 3500000 131582504 69026084 62556420 0 0 0 8431462 6366614 2064848 4266266 0 4266266 72387534 0 X 18368933 172600 211457 -2488 381569 17987364 95043 -2135385 -2040342 15947022 26021019 211457 2296187 2507644 23513375 95043 2488 97531 23610906 Schedule D, Part V, Line 4 Intended uses of endowment funds The investment funds are used for mission related activities. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ASSOCIATION WILL RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE-LIKELY-THAN-NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. AS OF JULY 31, 2020 AND 2019, MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ASSOCIATION DID NOT RECOGNIZE OR ACCRUE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS OF JULY 31, 2020 AND 2019, AND FOR THE YEARS THEN ENDED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Miscellaneous Fundraising Event Expense - -2488 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Event Rental Expenses - -2164763 Cost of Goods Sold - -76715 Gain on Sale of Assets - 39920 Insurance Proceeds - 6500 Event Rental Revenue - 58650 Interest Income - 1023 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Event Rental Expenses - 2164763 Cost of Goods Sold - 76715 Gain on Sale of Assets - -39920 Insurance Proceeds - -6500 Event Rental Revenue - -58650 Interest Income - -1023 Uncollectible Pledge Allowance - 160802 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Miscellaneous Fundraising Event Expense - 2488 X X X X X X X true Bennett Direct PO BOX 0015 Milwaukee WI 53201 TELEFUNDING false 564686 229511 335175 564686 229511 335175 TN SYMPHONY BALL 942946 880996 61950 0 0 142580 78067 16100 66356 FASHION SHOW 288198 288198 0 0 0 18441 1000 2000 25147 1 7985 4105 3880 0 0 0 1456 2299 1760 1239129 1173299 65830 0 0 161021 80523 20399 93263 355206 -289376 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. BENNETT DIRECT-FUNDS RAISED BY TELEFUNDING COMPANY ARE PROCESSED BY THE REPORTING ORGANIZATION; DONATED FUNDS ARE NEVER IN POSSESSION OF THE TELEFUNDING FIRM. TELEFUNDING FIRM RECEIVES PAYMENT FOR ITS SERVICES VIA DIRECT INVOICE TO ORGANIZATION.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses BENNETT DIRECT-CONTRACT PROVIDES FOR AN ANNUAL FEE PLUS HOURLY WAGES. ADDITIONALLY, CERTAIN EXPENSES, SUCH AS PRINTING, SUPPLIES, AND POSTAGE ARE REIMBURSED. IN 2020, FEES TOTALED $229,511, WHILE EXPENSE REIMBURSEMENTS AMOUNTED TO $3,050.; X X X false false false false false false false true false ALAN D VALENTINE PRESIDENT & CEO 361373 0 25000 0 6600 0 0 0 18420 0 411393 0 0 0 STEVEN BROSVIK COO 187757 0 22000 0 720 0 0 0 19171 0 229648 0 0 0 MARYE WALKER LEWIS CFO 191491 0 17000 0 0 0 0 0 14435 0 222926 0 0 0 GIANCARLO GUERERRO MUSIC DIRECTOR 470677 0 50000 0 0 0 0 0 19171 0 539848 0 0 0 JUN IWASAKI CONCERTMASTER 219238 0 0 0 0 0 6984 0 6677 0 232899 0 0 0 JONATHAN NORRIS VP OF DEVELOPMENT 162122 0 5000 0 840 0 0 0 5000 0 172962 0 0 0 DANIEL B GROSSMAN VP OF MARKETING 174273 0 46784 0 0 0 0 0 0 0 221057 0 0 0 Schedule J, Part I, Line 3 COMPENSATION OF TOP MANAGEMENT OFFICIALS THE BOARD OF DIRECTORS DELEGATES RESPONSIBILITY TO THE EXECUTIVE COMMITTEE, WHICH ACTS AS THE COMPENSATION COMMITTEE, FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. Schedule J, Part I, Line 7 Non-fixed payments The Vice President of Marketing receives a base salary plus commission. The commission is based upon meeting & exceeding ticket sales goals. There are fixed and non-fixed portions of the bonus payments for the CEO, CFO, & COO. The non-fixed portions are determined at the discretion of the executive committee. SYMPLACE REALTY DIRECTOR MARTHA INGRAM MORTGAGE ON SYMPHONY FACILITY X 23250000 20000000 false true true 20000000 Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION A REVIEW OF COMPENSATION WAS NOT PERFORMED IN FY20 FOR THE TOP MANAGEMENT OFFICIAL OR OTHER OFFICERS. DUE TO THE COVID-19 PANDEMIC, NO RAISES WERE GIVEN IN FY20. Form 990, Part VI, Line 1a Delegate broad authority to a committee ARTICLE 4 (of Bylaws) EXECUTIVE COMMITTEE 4.1 Delegation of Power to Executive Committee. (a) The Executive Committee shall manage the business and affairs of the Association except as otherwise limited by these Bylaws, the Charter or the Act. The Executive Committee may advise the Board on all matters and shall report to the Board on all decisions made or actions taken by it which the Executive Committee or the Chairman reasonably determine to be major decisions or actions. The Executive Committee shall be assisted by such administrative staff as the Chairman or the President and CEO may determine. Except as otherwise provided in this Article, the provisions of Article 5 shall apply to the Executive Committee. (b) The Executive Committee shall have the power and authority (i) to appoint, negotiate and approve the terms of employment of, and evaluate the performance of the President and CEO and the Music Director and Conductor; (ii) approve agreements with the Musicians' Union (with any member who is an Orchestra Member being excluded, except by invitation of the Chairman); (iii) monitor compliance with the budget; (iv) establish and implement operating policies and procedures; (v) supervise the operations and functions of the other committees and receive reports from these committees on request or as required by these Bylaws; (vi) approve the creation of committees of the Board other than the committees created by these Bylaws and the appointment or removal of members of all committees and (vii) approve a sale, lease or pledge of less than all or substantially all of the assets of the Association. The Executive Committee shall have no power to amend any resolution of the Board or the budget. During discussions of salary, any collective bargaining negotiations, or other matters involving individual employees, the Executive Committee may exclude Association employees. 4.2 Number, Election and Term. (a) The Executive Committee shall have at least thirteen (13) and no more than seventeen (17) members, all of whom shall be directors. The Executive Committee shall be comprised of the elected officers of the Association, the President and CEO, the required Orchestra Member, the chairman of the Associate Board, the chairman of the Annual Campaign, the chairman of any capital campaign underway and the chairmen of the following committees: Artistic Planning, Governance, Strategic Planning, Marketing, Development, External Affairs and the Schermerhorn Symphony Center Committee. Subject to the limit on total members, other directors may be nominated by the Governance Committee and elected by the Board. Each member shall consent to serve prior to his or her nomination by the Governance Committee. (b) The members of the committee will be elected or appointed for minimum two-year terms, and members shall serve until their successors are elected or appointed and qualified. No member of the Executive Committee shall serve more than three consecutive two-year terms, and a former member may be re-elected or re-appointed following a one-year absence from the Executive Committee. (c) The members shall serve at the pleasure of the Executive Committee and the Board, and the Executive Committee or Board may remove any elected member at any time, with or without cause. 4.3 Meetings. Regular meetings of the Executive Committee shall be held every other month unless otherwise determined by the Chairman. Special meetings may be called at any time by an officer or any five (5) members of the Executive Committee. 4.4 Telephonic Meetings. The Executive Committee may permit any of its members to participate in any meeting by, or conduct the meeting through the use of, any means of communication by which all members participating may simultaneously hear each other during the meeting. 4.5 Quorum and Voting. At all meetings of the Executive Committee, the presence of a majority of the voting members shall constitute a quorum. Each member shall have one vote on all matters properly coming before the meeting. If a quorum is present when a vote is taken, the affirmative vote of a majority of members present is an act of the committee unless the Act, the Charter or these Bylaws require the vote of a greater number. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ORRIN INGRAM, MARTHA INGRAM, AND LEE ANN INGRAM - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents Articles 3.12, 4.1, and 5.11 specify that during discussions of salary, collective bargaining negotiations, or discussions related to specific employees, the Board, Executive Committee, and/or Finance Committee may exclude Association employees from the discussions. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by the Controller; a draft is reviewed by the organization's public accounting firm, the CFO consultant, the Board Treasurer, and Audit Committee Chair. A full copy of the 990, including supplemental schedules, is provided to the full governing body after filing. Form 990, Part VI, Line 12c Conflict of interest policy 2.8 Conflict of Interest. (from Bylaws of Organization) (a) The President and CEO shall be responsible for maintaining a written conflict of interest policy for the Association approved by the Board of Directors. This policy shall address conflict of interest related to any director, officer, committee member, or administrative staff member of the Association. (b) Generally speaking, for directors, a conflict of interest is a situation in which a director or one of his or her family members has a direct or indirect personal or financial interest that compromises or could compromise the director's independence of judgment in exercising his or her responsibilities to the Association. When any conflict of interest relates to a matter requiring action by the Board of Directors or any Committee, the interested person shall call it to the attention of the Board of Directors or the Committee before which the matter is pending, as applicable. Any other Board or Committee member may call the matter to the attention of the Board or Committee, as applicable. The interested person shall not deliberate or vote on the matter; provided, however, that any director disclosing a conflict of interest may be counted in determining the presence of a quorum at a meeting of the Board of Directors or the Executive Committee. (c) Unless requested to remain present during the meeting, the interested person shall retire from the room in which the Board of Directors or Executive Committee is meeting, and shall not participate in the final deliberation or decision regarding the matter under consideration. However, the interested person shall provide the Board or Committee, as applicable with any and all relevant information. (d) The minutes of the meeting of the Board or any Committee, as applicable, shall reflect that the conflict of interest was disclosed, that the interested person did not participate in the final discussion or vote and did not vote, and the rationale for approving the action. Form 990, Part VI, Line 18 How forms are made available to the public The Form 990 is available on the organization's website. The Form 990, Form 990-T, and Form 1023 are available for public inspection upon request. Form 990, Part VI, Line 19 Required documents available to the public Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104 and are not available to the public at this time. The Nashville Symphony does, however, make its annual financial audit & the 990 available on its own website. Form 990, Part VII, Section A COMPENSATION OF DIRECTORS FIVE BOARD MEMBERS SERVED AS EMPLOYED MUSICIANS OF THE NASHVILLE SYMPHONY ORCHESTRA AND RECEIVED COMPENSATION IN THEIR CAPACITY AS MUSICIANS OF THE ORCHESTRA. NONE OF THE LISTED COMPENSATION AT PART VII, SECTION A IS FOR THEIR ROLES AS BOARD MEMBERS. THESE INDIVIDUALS ARE LISTED BELOW: CHRISTOPHER FARRELL MICHELLE COLLINS DEREK HAWKES GLEN WANNER CLARE YANG Form 990, Part IX, Line 11g Other Fees GUEST ARTIST FEES, SECURITY, COMMISSIONING, AUDIO ENGINEER - Total Expense: 2762201, Program Service Expense: 2762201, Management and General Expenses: 0, Fundraising Expenses: 0; PUBLIC RELATIONS, BACKGROUND SEARCH - Total Expense: 32305, Program Service Expense: 0, Management and General Expenses: 32305, Fundraising Expenses: 0; DONOR MARKET RESEARCH CONSULTANTS - Total Expense: 19146, Program Service Expense: 0, Management and General Expenses: 0, Fundraising Expenses: 19146; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNCOLLECTIBLE PLEDGE ALLOWANCE - -160802; NASHVILLE SYMPHONY ENDOWMENT TRUST CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 620550979 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true false false false false false false false false false false false false false false false false false false true NASHVILLE SYMPHONY ENDOWMENT TRUST S 530121 CASH