2021-07-14T10:43:06-05:00 2020-08-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-09-01 410693875 MINNESOTA ORCHESTRAL ASSOCIATION MINN 6123715600 1111 NICOLLET MALL MINNEAPOLIS MN 55403 IVAN WINSHIP VP OF FINANCE AND ADMIN 6123715600 2021-07-09 1 SARAH REICHLING P01587996 6123764500 2021-07-09 2019 2022-09-23 18:48:47Z MICHELLE MILLER BURNS 1111 NICOLLET MALL MINNEAPOLIS MN 55403 40014066 0 X WWW.MINNESOTAORCHESTRA.ORG X 1907 MN AN INTERNATIONALLY-RECOGNIZED ORCHESTRA DEDICATED TO ENRICHING AND SERVING MINNESOTA COMMUNITY. 62 61 823 722 429309 0 34396080 15467014 8885919 6430809 3242465 1469178 216142 221718 46740606 23588719 0 0 0 0 24047531 24429487 186853 0 1662903 12433656 11580431 36668040 36009918 10072566 -12421199 196338719 187473763 19823834 20933260 176514885 166540503 X THE MINNESOTA ORCHESTRA MISSION IS TO ENRICH, INSPIRE AND SERVE OUR COMMUNITY AS AN ENDURING SYMPHONY ORCHESTRA INTERNATIONALLY RECOGNIZED FOR ITS ARTISTIC EXCELLENCE. 0 0 30874625 0 5810331 THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA, LED BY MUSIC DIRECTOR OSMO VANSKA, IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS AND RADIO BROADCASTS, AND A LONGTIME COMMITMENT TO STATE-WIDE MUSIC EDUCATION AND ENGAGEMENT PROGRAMS.MAKING ITS HOME AT ORCHESTRA HALL IN MINNEAPOLIS, IN A TYPICAL SEASON THE ORCHESTRA PRESENTS NEARLY 175 CONCERTS ANNUALLY THAT ARE HEARD LIVE BY SOME 300,000 INDIVIDUALS. DURING THE PANDEMIC, THE ORCHESTRA LAUNCHED THIS IS MINNESOTA ORCHESTRA, A FREE SERIES DESIGNED FOR TV, RADIO AND STREAMING AUDIENCES THAT HAS BEEN VIEWED BY MORE THAN 350,000 VIEWERS ACROSS MINNESOTA AND BEYOND. THE ORCHESTRA'S FRIDAY NIGHT CONCERTS ARE BROADCAST LIVE ACROSS THE STATE BY MINNESOTA PUBLIC RADIO AND MANY CONCERTS ARE SUBSEQUENTLY HEARD NATIONWIDE ON AMERICAN PUBLIC MEDIA PROGRAMS, REACHING 2,000,000 LISTENERS.THE MINNESOTA ORCHESTRA ANNUALLY CONNECTS WITH MORE THAN 85,000 MUSIC LOVERS THROUGH FAMILY CONCERTS AND EDUCATIONAL PROGRAMS INCLUDING ITS FLAGSHIP YOUNG PEOPLE'S CONCERTS, WHICH WERE FIRST LAUNCHED IN 1911 AND HAVE HELPED TO LIGHT A SPARK FOR CLASSICAL MUSIC WITH GENERATIONS OF STUDENTS. DURING THE PANDEMIC, THE ORCHESTRA LAUNCHED A SERIES OF DIGITAL EDUCATIONAL CONCERTS AND ACTIVITIES THAT ALLOWED STUDENTS ACROSS THE STATE TO ACCESS QUALITY PROGRAMMING FOR FREE FROM THEIR HOMES. ALTHOUGH TOURING WAS NOT POSSIBLE IN FISCAL 2020 DUE TO THE PANDEMIC, THE ORCHESTRA HAS A LONG HISTORY OF TOURING THROUGHOUT GREATER MINNESOTA AND BEYOND. IN ITS INTERNATIONAL TOURING, THE ORCHESTRA SHARES THE NAME OF ITS STATE WITH BROAD WORLD-WIDE AUDIENCES, IN FY2018 PERFORMING AT LONDON'S PRESTIGIOUS BBC PROMS FESTIVAL AND IN A FIVE-CITY TOUR OF SOUTH AFRICA. WHETHER PERFORMING AT ORCHESTRA HALL, IN GREATER MINNESOTA OR ON AN INTERNATIONAL STAGE, THE MINNESOTA ORCHESTRA REMAINS COMMITTED TO BRINGING PEOPLE TOGETHER THROUGH MUSIC. 30874625 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 142 0 823 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 62 61 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN WI X IVAN WINSHIP 6123715600 1111 NICOLLET MALL MINNEAPOLIS MN 55403 OSMO VANSKA MUSIC DIRECTOR 40.00 0.00 X 869563 0 49285 MICHELLE MILLER BURNS PRESIDENT & CEO 40.00 0.00 X 392897 0 35134 ERIN KEEFE MUSICIAN 40.00 0.00 X 271038 0 49478 CAROLYN EGEBERG VP OF ADVANCEMENT 40.00 0.00 X 198476 0 59628 ROBERT WRIGHT MUSICIAN 40.00 0.00 X 187771 0 69349 JOHN SNOW MUSICIAN 40.00 0.00 X 189225 0 65588 FEI XIE MUSICIAN 40.00 0.00 X 178800 0 72146 ANTHONY ROSS MUSICIAN 40.00 0.00 X 177729 0 58163 IVAN WINSHIP VP OF FINANCE & ADMIN 40.00 0.00 X 168390 0 56389 MARGARET BRACKEN CHAIR 1.00 0.00 X X 0 0 0 JOSEPH T GREEN CHAIR - ELECT (FROM 12/03/2019) 1.00 0.00 X X 0 0 0 NANCY E LINDAHL VICE CHAIR (FROM 12/03/2019) 1.00 0.00 X X 0 0 0 MARTIN R LUECK VICE CHAIR (UNTIL 12/03/2019) 1.00 0.00 X X 0 0 0 ANNE W MILLER VICE CHAIR (UNTIL 12/03/2019) 1.00 0.00 X X 0 0 0 TIMOTHY A WELSH VICE CHAIR (FROM 12/03/2019) 1.00 0.00 X X 0 0 0 KAREN H ASHE MD PHD SECRETARY (FROM 12/03/2019) 1.00 0.00 X X 0 0 0 H YVONNE CHEEK PHD SECRETARY (UNTIL 12/03/2019) 1.00 0.00 X X 0 0 0 JAY V IHLENFELD TREASURER (UNTIL 12/03/2019) 1.00 0.00 X 0 0 0 WILLIAM P MILLER TREASURER (FROM 12/03/2019) 1.00 0.00 X 0 0 0 DARREN ACHESON DIRECTOR 1.00 0.00 X 0 0 0 MARGARET D ANKENY DIRECTOR EMERITA 1.00 0.00 X 0 0 0 EMILY BACKSTROM DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS M BAKER JR DIRECTOR 1.00 0.00 X 0 0 0 KAREN H BAKER DIRECTOR EMERITA 1.00 0.00 X 0 0 0 MAUREEN BAUSCH DIRECTOR 1.00 0.00 X 0 0 0 ROCHELLE A BLEASE DIRECTOR 1.00 0.00 X 0 0 0 SARAH BREW DIRECTOR 1.00 0.00 X 0 0 0 BARBARA BURWELL DIRECTOR 1.00 0.00 X 0 0 0 ROMA CALATAYUD-STOCKS DIRECTOR 1.00 0.00 X 0 0 0 E TIM CARL DIRECTOR 1.00 0.00 X 0 0 0 MARI A CARLSON DIRECTOR EMERITA 1.00 0.00 X 0 0 0 EVAN CARRUTHERS DIRECTOR 1.00 0.00 X 0 0 0 Y RALPH CHU MD DIRECTOR 1.00 0.00 X 0 0 0 MARK D COPMAN DIRECTOR 1.00 0.00 X 0 0 0 KATHY CUNNINGHAM LIFE DIRECTOR 1.00 0.00 X 0 0 0 ANDREW CZAJKOWSKI DIRECTOR EMERITUS 1.00 0.00 X 0 0 0 JOHN W DAYTON DIRECTOR 1.00 0.00 X 0 0 0 PAULA W DECOSSE DIRECTOR 1.00 0.00 X 0 0 0 JONATHAN EISENBERG DIRECTOR 1.00 0.00 X 0 0 0 JACK W EUGSTER DIRECTOR EMERITUS 1.00 0.00 X 0 0 0 JOHN F FARRELL JR DIRECTOR 1.00 0.00 X 0 0 0 W ANDERS FOLK DIRECTOR 1.00 0.00 X 0 0 0 ELISABETH FROST DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY GEOFFRION DIRECTOR 1.00 0.00 X 0 0 0 LUELLA G GOLDBERG LIFE DIRECTOR 1.00 0.00 X 0 0 0 LAURIE H GREENO DIRECTOR 1.00 0.00 X 0 0 0 JEROME D HAMILTON JR DIRECTOR 1.00 0.00 X 0 0 0 JANE GREGERSON DIRECTOR EMERITA 1.00 0.00 X 0 0 0 BEVERLY N GROSSMAN DIRECTOR EMERITA 1.00 0.00 X 0 0 0 KAREN HIMLE DIRECTOR 1.00 0.00 X 0 0 0 MAURICE HOLLOMAN DIRECTOR 1.00 0.00 X 0 0 0 KAREN LUNDMARK HOLMES DIRECTOR 1.00 0.00 X 0 0 0 KAREN H HUBBARD DIRECTOR EMERITA 1.00 0.00 X 0 0 0 PHILIP O ISAACSON DIRECTOR 1.00 0.00 X 0 0 0 MARIELLEN JACOBSON DIRECTOR 1.00 0.00 X 0 0 0 HUBERT JOLY DIRECTOR 1.00 0.00 X 0 0 0 KATHLEEN A JUNEK DIRECTOR 1.00 0.00 X 0 0 0 KATE KELLY DIRECTOR 1.00 0.00 X 0 0 0 LLOYD KEPPLE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL KIM PHD DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL J KLINGENSMITH DIRECTOR 1.00 0.00 X 0 0 0 MARY G LAWRENCE MD DIRECTOR 1.00 0.00 X 0 0 0 ALLEN U LENZMEIER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL A LINDSAY LIFE DIRECTOR 1.00 0.00 X 0 0 0 RONALD E LUND LIFE DIRECTOR 1.00 0.00 X 0 0 0 WARREN E MACK LIFE DIRECTOR 1.00 0.00 X 0 0 0 HARVEY B MACKAY DIRECTOR EMERITUS 1.00 0.00 X 0 0 0 PATRICK G MAHONEY DIRECTOR 1.00 0.00 X 0 0 0 KITA MCVAY DIRECTOR 1.00 0.00 X 0 0 0 LENI MOORE DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH B MYERS LIFE DIRECTOR 1.00 0.00 X 0 0 0 MARILYN CARLSON NELSON LIFE DIRECTOR 1.00 0.00 X 0 0 0 RAVI NORMAN DIRECTOR 1.00 0.00 X 0 0 0 MINSOK PAK DIRECTOR 1.00 0.00 X 0 0 0 ANITA M PAMPUSCH PHD DIRECTOR 1.00 0.00 X 0 0 0 LISA PARADIS DIRECTOR 1.00 0.00 X 0 0 0 MARY ELLA PRATTE DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL M ROOS DIRECTOR 1.00 0.00 X 0 0 0 DIMITRIOS P SMYRNIOS DIRECTOR 1.00 0.00 X 0 0 0 ROBERT S SPONG DIRECTOR 1.00 0.00 X 0 0 0 GORDON M SPRENGER LIFE DIRECTOR 1.00 0.00 X 0 0 0 IRENE SUDDARD DIRECTOR 1.00 0.00 X 0 0 0 MARY S SUMNERS DIRECTOR 1.00 0.00 X 0 0 0 BRIAN TILZER DIRECTOR 1.00 0.00 X 0 0 0 MAXINE H WALLIN DIRECTOR EMERITA 1.00 0.00 X 0 0 0 PATRICK WALSH DIRECTOR 1.00 0.00 X 0 0 0 LAYSHA WARD DIRECTOR 1.00 0.00 X 0 0 0 JAMES WATKINS JR DIRECTOR 1.00 0.00 X 0 0 0 JOHN WILGERS DIRECTOR 1.00 0.00 X 0 0 0 AKS ZAHEER PHD DIRECTOR 1.00 0.00 X 0 0 0 2633889 0 515160 97 0 1 0 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 50303 MARKETING SERVICES 239535 CAMBRIDGE ASSOCIATES 100 SUMMER ST BOSTON MA 02241 INVESTMENT MANAGEMENT SERVICES 200000 SALO LLC 20 SOUTH 13TH ST SUITE 200 MINNEAPOLIS MN 55403 TEMPORARY STAFFING 160250 COLUMBIA ARTISTS MANAGEMENT LLC 5 COLUMBUS CIR 1790 BROADWAY NEW YORK NY 10019 GUEST ARTIST AGENTS 104648 MINNESOTA PUBLIC RADIO PO BOX 70870 ST PAUL MN 55170 ADVERTISING 101528 5 2584390 1205797 11676827 3711756 15467014 ORCHESTRA TICKETS 711130 4684529 4684529 CONCESSIONS & FEES 711130 835367 835367 RENTALS 711130 620478 620478 ORCHESTRA SERVICE FEES 532000 290435 290435 6430809 1425823 -192169 1617992 117 117 16240281 11274 16208200 0 32081 11274 43355 1000 42355 438748 217147 221601 221601 23588719 5810331 429309 1882065 1805905 855365 950540 17625880 16189505 539789 896586 772296 772296 2862316 2851690 10626 1363090 1205584 96351 61155 44132 15700 28432 55658 55658 57596 57596 200000 200000 1466741 182490 836347 447904 1633636 1567173 58666 7797 184575 57234 80528 46813 26638 2510 19328 4800 666287 549191 58548 58548 49824 44302 5113 409 106164 86029 13193 6942 1827783 1827783 236830 53580 183250 DIRECT CONCERT EXPENSES 3966467 3966467 TOUR EXPENSE 460104 460104 EQUIPMENT 190085 130743 59342 FINANCING COSTS 111166 111166 296745 56879 118543 121323 36009918 30874625 3472390 1662903 1615446 3912770 25155767 18552413 368375 305000 95009 103672 1143200 874094 76250158 28704117 48987571 47546041 33705957 29950802 84736793 85698370 530601 530601 196338719 187473763 1799327 2155784 4317529 3207847 7000000 9979644 6706978 5589985 19823834 20933260 X -6289474 -14464349 182804359 181004852 176514885 166540503 196338719 187473763 X -12421199 1195541 1251276 X X 0 1 X 1 0 X 15699850 24286170 19956070 34396080 15467014 109805184 15699850 24286170 19956070 34396080 15467014 109805184 22023370 87781814 761458 625957 698273 790856 1618109 4494653 114299837 45484791 0.76800 0.79070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57596 57596 35952322 36009918 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 49723 55056 56078 57596 218453 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1: TOTAL LOBBYING EXPENSES ARE RELATED TO DUES TO MINNESOTA CITIZENS FOR THE ARTS. 37557984 10945045 1973459 9220000 41256488 37625255 10025300 434060 10526631 37557984 34316627 5500000 1777436 3968808 37625255 34868311 400000 2563483 3515167 34316627 40787034 500000 1556254 7974977 34868311 0.00000 1.00000 0.00000 0 0 3006334 3006334 64824755 21732142 43092613 546791 430637 116154 7703357 6524962 1178395 168921 16376 152545 47546041 85698370 F 85698370 UNFUNDED PENSION LIABILITY 5413346 LEASEHOLD INCENTIVE LIABILITY 93977 CAPITAL LEASE 82662 5589985 X 25787480 1195541 986073 2181614 23605866 200000 -217147 -17147 23588719 35761862 -48056 -48056 35809918 200000 200000 36009918 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED BY DONORS WHO WANTED TO FUND ANNUAL ORCHESTRA ACTIVITIES INTO PERPETUITY. IF SO DESIGNATED BY THE DONOR, THESE GIFTS ARE CONSIDERED PERMANENT ENDOWMENTS, BUT INVESTMENT EARNINGS AND GROWTH ARE AVAILABLE TO SUPPORT ANNUAL ACTIVITIES. THE BOARD OF DIRECTORS HAS ADOPTED THE STANDARDS OF UPMIFA IN DETERMINING THE AMOUNT TAKEN FROM ENDOWMENTS EACH YEAR FOR ACTIVITIES. THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE ANNUAL DRAW AMOUNT AS A PART OF THE BUDGET AND PLANNING PROCESS, AND THEN PRESENTS ITS FINDINGS TO THE BOARD OF DIRECTORS FOR APPROVAL. PART X, LINE 2: THE ASSOCIATION IS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, (CODE) AND SIMILAR STATUTES OF MINNESOTA LAW AND, ACCORDINGLY, IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ASSOCIATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION FOR DONORS. THE ASSOCIATION HAS ADOPTED GUIDANCE IN THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION THIS STANDARD. THE ASSOCIATION HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 24,496. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION & TRUST 961,577. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -217,147. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 217,147. CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS -265,203. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD FOR MANAGEMENT FEES OF INVESTMENT. PART III ACCOUNTING METHOD: X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 55404 TELEPHONE CAMPAIGN 0 153254 239535 0 153254 239535 MN WI X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 OSMO VANSKA MUSIC DIRECTOR 789563 0 80000 0 0 0 0 0 49285 0 918848 0 0 0 MICHELLE MILLER BURNS PRESIDENT & CEO 392897 0 0 0 0 0 625 0 34509 0 428031 0 0 0 ERIN KEEFE MUSICIAN 255872 0 15166 0 0 0 8102 0 41376 0 320516 0 0 0 CAROLYN EGEBERG VP OF ADVANCEMENT 198476 0 0 0 0 0 0 0 59628 0 258104 0 0 0 ROBERT WRIGHT MUSICIAN 181865 0 5906 0 0 0 8220 0 61129 0 257120 0 0 0 JOHN SNOW MUSICIAN 184353 0 4872 0 0 0 8260 0 57328 0 254813 0 0 0 FEI XIE MUSICIAN 174446 0 4354 0 0 0 8280 0 63866 0 250946 0 0 0 ANTHONY ROSS MUSICIAN 173892 0 3837 0 0 0 8534 0 49629 0 235892 0 0 0 IVAN WINSHIP VP OF FINANCE & ADMIN 168390 0 0 0 0 0 0 0 56389 0 224779 0 0 0 PART I, LINE 1A HEALTH CLUB MEMBERSHIP - MINNEAPOLIS CLUB - MICHELLE MILLER BURNS - $6,768 - NOT INCLUDED IN TAXABLE COMPENSATION AND UTILIZED FOR BUSINESS PURPOSES AND MEETINGS. MOVING EXPENSE - MICHELLE MILLER BURNS - $34,147 - INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE - OSMO VANSKA - $35,000 - INCLUDED IN TAXABLE COMPENSATION. A MINNEAPOLIS COMMUNITY DEVELOPMENT AGENCY 416009115 2004-05-15 1690000 REFINANCING DEBT TO REFURBISH ORCHESTRA HALL 0 0 0 A 1690000 1690000 1997 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 X 64 3669559 FMV X FOOD 2 26479 FMV X PRINTING 1 8200 FMV X HOTEL ROOMS 1 7518 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN (B) INDICATES NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE CHAIR-ELECT, THE IMMEDIATE PAST CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, ANY SUCH OTHER OFFICERS AS THE BOARD MAY DESIGNATE, BOARD MEMBER COMMITTEE CHAIRS, AND, IN ADDITION TO SUCH PERSONS, UP TO THREE (3) AT LARGE MEMBERS SELECTED FROM THE REGULAR AND LIFE DIRECTORS. THE EXECUTIVE COMMITTEE, SUBJECT AT ALL TIMES TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD. ONE-THIRD OF THE MEMBERS OF THIS COMMITTEE SHALL CONSTITUTE A QUORUM, AND THEY SHALL MEET AT SUCH TIMES AS THE CHAIR MAY APPOINT. FORM 990, PART VI, SECTION A, LINE 2 OSMO VANSKA AND ERIN KEEFE, FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE AND NOMINATING COMMITTEE WILL SUBMIT THE PROPOSED SLATE OF REGULAR DIRECTORS, LIFE DIRECTORS, AND MEMBERS OF THE EXECUTIVE COMMITTEE FOR ELECTION AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. CANDIDATES MAY ONLY BE ELECTED TO THE BOARD OF DIRECTORS VIA UNANIMOUS VOTE OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MANAGEMENT AND THE AUDIT COMMITTEE REVIEWED IT IN DETAIL PRIOR TO FILING WITH THE IRS. THE AUDIT COMMITTEE CONSISTS ENTIRELY OF BOARD MEMBERS AND APPROVED THE FORM 990 ON BEHALF OF THE ENTIRE BOARD. THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS ASKS EACH BOARD MEMBER TO REVIEW THE ASSOCIATION'S CONFLICT OF INTEREST POLICY AND SIGN A DISCLOSURE FORM LISTING ANY POSSIBLE CONFLICTS OF INTEREST. THE SIGNED FORMS ARE REVIEWED AND DISCUSSED BY THE GOVERNANCE COMMITTEE, WHICH DECIDES WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT OF A CONFLICT, THE DIRECTOR NOTIFIES THE BOARD CHAIR OF THE CONFLICT AND DISCLOSES ALL RELATED MATERIAL INFORMATION. THAT DIRECTOR MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL INFORMATION AND RESPOND TO QUESTIONS. THAT DIRECTOR MAY NOT PARTICIPATE IN THE VOTE CONCERNING WHETHER TO ACCEPT THE CONTRACT OR TRANSACTION RELATING TO THE CONFLICT. ALL BOARD MEETING PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION OF THE CEO AND MUSIC DIRECTOR IS REVIEWED AND DETERMINED BY THE COMPENSATION/HUMAN RESOURCES COMMITTEE. IN RELATION TO COMPENSATION, THE COMMITTEE KEEPS A PERMANENT RECORD OF PROCEEDINGS, INCLUDING A REPORT AND RECOMMENDATIONS, AS WELL AS ANY MAJOR DECISIONS. WHEN THERE IS A NEW CONTRACT, THE COMPENSATION/HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION, THEN RECOMMENDS IT FOR APPROVAL TO THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THE REVIEW PROCESS WAS LAST UNDERTAKEN IN 2019. ON AN ANNUAL BASIS, THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, OTHER THAN THE CEO AND MUSIC DIRECTOR, IS REVIEWED AND DETERMINED BY THE CEO AND DIRECTOR OF HUMAN RESOURCES. LOCAL MARKET DATA AND INDUSTRY DATA ARE UTILIZED IN THE DETERMINATION. COMPENSATION IS DOCUMENTED IN PERSONNEL FILES. ANNUALLY, THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES ANY COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE SHARED UPON REQUEST WITH ANY ENTITY, INCLUDING INDIVIDUALS, FOUNDATIONS AND CORPORATIONS. THE FINANCIAL STATEMENTS ARE ALSO RELEASED TO THE PUBLIC IN A SUMMARIZED VERSION THROUGH AN ANNUAL REPORT AND THROUGH THE FORM 990, WHICH IS AVAILABLE ON THE INTERNET. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 24,496. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION & TRUST 961,577. CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS 265,203. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNT HAS NOT CHANGED FROM THE PRIOR YEAR. THE OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA 80 SOUTH EIGHTH STREET MINNEAPOLIS MN 55402 416429379 INVESTMENT MN 501(C)(3) LINE 12A, I MINNESOTA ORCHESTRAL ASSOCIATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA C 2142000 FAIR MARKET VALUE