2021-03-05T14:23:10-06:00 2020-08-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2019-09-01 570660848 SPOLETO FESTIVAL USA INC SPOL 8437222764 14 GEORGE STREET CHARLESTON SC 29401 TASHA GANDY CHIEF FINANCIAL OFFICER 8437222764 2021-03-04 1 JANICE A RATICA P00358837 7043338881 2021-03-03 2019 2022-09-23 18:48:47Z NIGEL REDDEN 14 GEORGE STREET CHARLESTON SC 29401 5904586 0 X WWW.SPOLETOUSA.ORG X 1977 SC THE FESTIVAL'S MISSION IS TO PRESENT PROGRAMS OF THE HIGHEST ARTISTIC CALIBER WHILE MAINTAINING A DEDICATION TO YOUNG ARTISTS, A COMMITMENT TO ALL FORMS OF THE PERFORMING ARTS, A PASSION FOR CONTEMPORARY INNOVATION, AND AN ENTHUSIASM FOR PROVIDING UNUSUAL PERFORMANCE OPPORTUNITIES FOR ESTABLISHED ARTISTS. THIS FOCUS HAS BROUGHT THE FESTIVAL INTERNATIONAL ACCLAIM YEAR AFTER YEAR. CONTRIBUTING TO THE FESTIVAL'S ONGOING SUCCESS IS ITS LOCATION IN CHARLESTON. RECOGNIZED THE WORLD OVER FOR ITS STUNNING NATURAL BEAUTY, IMPRESSIVE ARRAY OF PRESERVED HISTORICAL ARCHITECTURE, AND WEALTH OF CHARMING PERFORMANCE VENUES, CHARLESTON PROVIDES AN INCOMPARABLE SETTING FOR AUDIENCE MEMBERS AND GUEST ARTISTS ALIKE. 49 49 352 8 11280 0 3903932 4727347 3263933 0 263275 349219 384263 465991 7815403 5542557 0 0 0 0 2765235 2292345 0 0 803145 5429015 2430552 8194250 4722897 -378847 819660 17814427 19416530 2808289 2557815 15006138 16858715 X THE FESTIVAL'S MISSION IS TO PRESENT PROGRAMS OF THE HIGHEST ARTISTIC CALIBER WHILE MAINTAINING A DEDICATION TO YOUNG ARTISTS, A COMMITMENT TO ALL FORMS OF THE PERFORMING ARTS, A PASSION FOR CONTEMPORARY INNOVATION, AND AN ENTHUSIASM FOR PROVIDING UNUSUAL PERFORMANCE OPPORTUNITIES FOR ESTABLISHED ARTISTS. THIS FOCUS HAS BROUGHT THE FESTIVAL INTERNATIONAL ACCLAIM YEAR AFTER YEAR. CONTRIBUTING TO THE FESTIVAL'S ONGOING SUCCESS IS ITS LOCATION IN CHARLESTON. RECOGNIZED THE WORLD OVER FOR ITS STUNNING NATURAL BEAUTY, IMPRESSIVE ARRAY OF PRESERVED HISTORICAL ARCHITECTURE, AND WEALTH OF CHARMING PERFORMANCE VENUES, CHARLESTON PROVIDES AN INCOMPARABLE SETTING FOR AUDIENCE MEMBERS AND GUEST ARTISTS ALIKE. 0 0 2285800 4894 FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES, AND OUTDOOR SPACES WITH PERFORMANCES BY RENOWNED ARTISTS AS WELL AS EMERGING PERFORMERS IN DANCE, MUSIC, OPERA, AND THEATER. SPOLETO FESTIVAL USA IS INTERNATIONALLY RECOGNIZED AS AMERICA'S PREMIER PERFORMING ARTS FESTIVAL. ANNUALLY, THE FESTIVAL PROVIDES AN APPRENTICE PROGRAM FOR SHORT-TERM INTENSIVE AND EXCITING LEARNING OPPORTUNITIES ABOUT THE WORLD OF PERFORMING ARTS. APPRENTICES ACQUIRE HANDS-ON EXPERIENCE UNDER THE GUIDANCE OF PROFESSIONAL ARTS ADMINISTRATORS AND TECHNICIANS. EACH YEAR THE FESTIVAL DEVELOPS A FESTIVAL ORCHESTRA OF RETURNING AND NEW MUSICIANS. THROUGH NATIONWIDE AUDITIONS, A TALENTED GROUP OF YOUNG PROFESSIONALS AND STUDENTS ARE SELECTED FOR A RESIDENT ENSEMBLE. THE FESTIVAL ORCHESTRA HAS PROVEN TO BE ONE OF THE FINEST OPPORTUNITIES FOR YOUNG MUSICIANS TO GAIN EXTENSIVE PERFORMANCE EXPERIENCE. ALUMNI OF THE SPOLETO FESTIVAL ORCHESTRA CAN BE FOUND IN ALMOST EVERY PROFESSIONAL ORCHESTRA IN THE UNITED STATES AND MANY ABROAD. 2285800 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 133 0 1 352 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 49 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X TASHA GANDY 8437222764 14 GEORGE STREET CHARLESTON SC 29401 MR NIGEL REDDEN GENERAL DIRECTOR 40.00 X 272686 0 15135 MS JULIA FOSTER DIRECTOR OF DEVELOPMENT 40.00 X 133439 0 20791 MS TASHA GANDY CHIEF FINANCIAL OFFICER 40.00 X 121411 0 14958 MS NICOLE TANEY DIRECTOR OF ARTISTIC PLANNING AND OPERATIONS 40.00 X 114757 0 14660 MR RONALD D ABRAMSON DIRECTOR 0.30 X 0 0 0 MR RICHARD J ALMEIDA DIRECTOR 0.30 X 0 0 0 MR DEAN PORTER ANDREWS DIRECTOR 0.30 X 0 0 0 MR LARRY ANTONATOS DIRECTOR 0.30 X 0 0 0 MRS KATHARINE I BACHMANN DIRECTOR 0.30 X 0 0 0 MS SUSAN L BAKER DIRECTOR 0.30 X 0 0 0 MS ELIZABETH L BATTLE DIRECTOR 0.30 X 0 0 0 MS MELISSA BLANCHARD DIRECTOR 0.30 X 0 0 0 MRS TIPPY STERN BRICKMAN DIRECTOR 0.30 X 0 0 0 MRS CLAIRE HOLDING BRISTOW DIRECTOR 0.30 X 0 0 0 MR RICHARD W CHISHOLM DIRECTOR 0.30 X 0 0 0 MR DERICK S CLOSE DIRECTOR 0.30 X 0 0 0 MRS RUTH L EDWARDS DIRECTOR 0.30 X 0 0 0 DR ELIZABETH A FLEMING DIRECTOR 0.30 X 0 0 0 MRS SUSAN T FRIBERG DIRECTOR 0.30 X 0 0 0 MR DAVID M FURR DIRECTOR 0.30 X 0 0 0 MRS BARBARA GS HAGERTY DIRECTOR 0.30 X 0 0 0 MRS LOU RENA HAMMOND DIRECTOR 0.30 X 0 0 0 DR COURTNEY L TOLLISON HARTNESS DIRECTOR 0.30 X 0 0 0 MS M RUSSELL HOLLIDAY JR DIRECTOR 0.30 X 0 0 0 MR OZEY K HORTON JR DIRECTOR 0.30 X 0 0 0 PRESIDENT ANDREW T HSU DIRECTOR 0.30 X 0 0 0 DR EDDIE L IRIONS JR DIRECTOR 0.30 X 0 0 0 DR GEORGE H KHOURY DIRECTOR 0.30 X 0 0 0 MRS ELIZABETH P MACLEOD DIRECTOR 0.30 X 0 0 0 MRS SUSANNE H MCGUIRE DIRECTOR 0.30 X 0 0 0 MS MARTHA RHODES MCLENDON DIRECTOR 0.30 X 0 0 0 MRS MARIAN M NISBET DIRECTOR 0.30 X 0 0 0 MRS ANNE BULLOCK PERPER DIRECTOR 0.30 X 0 0 0 MR WALTER G SEINSHEIMER JR DIRECTOR 0.30 X 0 0 0 MRS CYNTHIA ANNE SOLOMON DIRECTOR 0.30 X 0 0 0 MR SHELDON I STEIN DIRECTOR 0.30 X 0 0 0 MR MICHAEL C TARWATER DIRECTOR 0.30 X 0 0 0 MRS HELLENA HUNTLEY TIDWELL DIRECTOR 0.30 X 0 0 0 MR C DOUGLAS WARNER DIRECTOR 0.30 X 0 0 0 MS PALMER WEISS DIRECTOR 0.30 X 0 0 0 MR WILLIAM G MEDICH CHAIR 1.00 X X 0 0 0 MRS ALICIA MULLEN GREGORY PRESIDENT 1.00 X X 0 0 0 MR PHILLIP D SMITH TREASURER 1.00 X X 0 0 0 MR ANDREW T BARRETT VICE PRESIDENT 1.00 X X 0 0 0 MS REBECCA W DARWIN VICE PRESIDENT 1.00 X X 0 0 0 MRS JENNIE L DESCHERER VICE PRESIDENT 1.00 X X 0 0 0 MR GARY T DICAMILLO VICE PRESIDENT 1.00 X X 0 0 0 MS MARGIE ANN MORSE VICE PRESIDENT 1.00 X X 0 0 0 DR JOHN M PALMS VICE PRESIDENT 1.00 X X 0 0 0 MRS CYNTHIA B THOMPSON VICE PRESIDENT 1.00 X X 0 0 0 MR PAUL TRIPPE VICE PRESIDENT 1.00 X X 0 0 0 MR LOREN R ZIFF VICE PRESIDENT 1.00 X X 0 0 0 MR JOHN B HAGERTY GENERAL COUNSEL & SECRETARY 40.00 X X 0 0 0 642293 0 65544 4 0 1 0 0 28791 148803 4549753 98318 4727347 251833 251833 247613 16894 230719 230719 3730 226989 330000 232614 97386 97386 97386 333169 28791 110341 222828 222828 7074 2180 4894 4894 ADVERTISING 541800 7550 7550 7550 5542557 4894 11280 799036 424520 181105 106474 136941 1454904 620679 364905 469320 100450 42853 25194 32403 183572 78314 46042 59216 128899 54990 32329 41580 95525 15552 79973 148856 141426 210 7220 174084 21515 145757 6812 47980 23325 24655 68099 49498 13056 5545 80717 80717 457204 457204 115985 115985 PERFORMANCE FEES 599648 599648 0 0 AUDITIONS AND WORKSHOPS 176047 176047 0 0 REPAIRS 160277 61697 98580 0 MERCHANT PROCESSING FEE 95147 95147 0 0 210983 124004 42871 44108 4722897 2285800 1633952 803145 457079 1141727 752759 795955 728 4000 4000 150322 210659 12376416 6889227 5876237 5487189 10226208 11403667 347094 373333 17814427 19416530 228402 251882 124360 574135 2399301 1680887 56226 50911 2808289 2557815 X 3531279 3093448 11474859 13765267 15006138 16858715 17814427 19416530 X 819660 1006678 26239 X X 0 1 X 1 0 X 3909035 4613332 4275883 3817232 4698556 21314038 8450 8450 7650 7650 0 32200 3917485 4621782 4283533 3824882 4698556 21346238 1025588 20320650 394042 444452 450540 499641 499446 2288121 400 4369 3947 16620 25336 23659695 14715136 0.85890 0.85870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10371636 338940 1330057 330000 11710633 10423264 8616 239756 300000 10371636 9179677 1011809 496778 265000 10423264 8580936 160259 668482 230000 9179677 8363079 68020 409837 260000 8580936 0.00000 0.81000 0.19000 0 0 4447274 2520765 1926509 6907923 3548363 3359560 822258 639573 182685 198961 180526 18435 5487189 CAPITAL LEASE PAYABLE 50911 50911 X 6607736 1006678 40706 43133 1090517 5517219 25338 25338 5542557 4755159 40706 16894 57600 4697559 25338 25338 4722897 PART V, LINE 4: THE FESTIVAL'S ENDOWMENTS CONSIST OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE NET ASSETS ASSOCIATED WITH THE ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. PART X, LINE 2: GAAP PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. GAAP ALSO PROVIDES GUIDANCE ON DERECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE STATEMENTS OF FINANCIAL POSITION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS EVALUATED THE FESTIVAL'S TAX POSITIONS AND CONCLUDED THAT THE FESTIVAL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED AUGUST 31, 2020 OR 2019. WITH FEW EXCEPTIONS, THE FESTIVAL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 26,239. RENTAL EXPENSES 16,894. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 16,894. AUCTION 227500 28791 198709 1332 50045 1180 6594 GALA 7395 7395 4750 2940 4 127065 127065 43500 361960 28791 333169 6082 50045 1180 53034 110341 222828 X X X X 0 0 0 0 0 0 0 0 0 MR NIGEL REDDEN GENERAL DIRECTOR 271634 0 0 0 1052 0 15082 0 53 0 287821 0 0 0 MS JULIA FOSTER DIRECTOR OF DEVELOPMENT 132815 0 0 0 624 0 7969 0 12822 0 154230 0 0 0 X 15 98318 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES A THIRD PARTY SITE/PROCESSOR TO SELL APPROXIMATELY $32,466 IN DONATED IN-KIND ITEMS FOR THEIR ANNUAL AUCTION. NONCASH DONATIONS ARE RECEIVED AND SOLD AS PART OF A SPECIAL EVENT AND THEREFORE ARE NOT REPORTED ON SCHEDULE M. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER HAS THE OPPORTUNITY TO REVIEW AND COMMENT ON THE ORGANIZATION'S FORM 990 BY POSTING ON A SECURE WEB SITE. ACCESS INFORMATION IS PROVIDED TO THE FULL BOARD VIA EMAIL AND THE BOARD IS GIVEN SEVEN DAYS IN WHICH TO COMMENT PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED WITH AN ANNUAL QUESTIONNAIRE. BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS. ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS SHALL NOT VOTE IN CONNECTION WITH THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZES VARIOUS FORMS OF CURRENT SALARY INFORMATION TO DETERMINE THE ANNUAL COMPENSATION FOR THE FESTIVAL'S DIRECTOR, CHIEF FINANCIAL OFFICER, AND ALL KEY EMPLOYEES. ONCE THIS DATA IS SUMMARIZED, DISCUSSED AND ANALYZED, THE FESTIVAL'S BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION OF THE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE FESTIVAL'S PUBLIC DISCLOSURE COPY OF FORM 990 IS AVAILABLE FOR INSPECTION AT THE FESTIVAL'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 26,239. FROM 990, PAGE 12, PART XI, LINE 10 THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.