2020-09-15T13:35:14-05:00 2019-10-31 450250958 EIDE BAILLY LLP 714 MAIN ST GOODING ID 833301621 990 2018-11-01 820397940 Sun Valley Summer Symphony Inc SUNV 2086225607 PO Box 1914 Sun Valley ID 83353 Derek Dean Executive Director 2086226507 2020-09-15 1 Kim Hunwardsen CPA P00484560 2089348411 2020-09-15 216.147.181.48 2020-09-15 11:22:39 MD P A7F70EC36E7654F27FD9DA13D4D79D2418AE0B77 A9F393D044C6B02927C29CDABEE7CBE310A8D2B0 2018 2021-01-29 14:40:06Z Sun Valley Music Festival Derek Dean PO Box 1914 Sun Valley ID 83353 6515043 0 X www.svmusicfestival.org X 1985 ID To provide music performances and enrich lives through artistic programming. 12 12 42 122 5657 -15232 2816164 3470551 311774 98358 509867 519597 32386 -38372 3670191 4050134 0 0 0 0 1061229 1055479 0 0 464294 2674543 2968110 3735772 4023589 -65581 26545 17882643 18638550 73145 66927 17809498 18571623 X To enrich, inspire, and instill in our community a lifelong love of classical music through extraordinary, free concerts and education programs. 1 0 1833563 17617 Summer Season: Each summer, the organization brings musicians and guest artists to Sun Valley to present a series of classical music concerts. Over 100 musicians form the Festival Orchestra, led by Music Director Alasdair Neale. The concerts are presented at the Sun Valley Pavilion and other local venues. All concerts - except the fundraising Gala - are presented free of charge to the public. Each summer, over 50,000 people attend up to 15 free concerts. 918765 83255 Education: The Festival's Music Institute runs music education programs during the school year in conjunction with local public schools and in addition runs two summer camps during the Festival's summer season. School-year programs serve students in local public elementary, middle, and high schools in partnership with music teachers in these schools. The Music Institute offers comprehensive music education including music theory and ensemble and individual instruction. The summer programs offer music education for children in grades 2-12 in a one-week program, and for advanced students in a two-week Advanced Chamber Program. All summer programs involve musicians from the Festival Orchestra as well as guest artists in the summer season. 271373 Winter Season: The Music Festival presents a winter concert series in February or March. Past festivals have presented three concerts - all free of charge - with performers including musicians in the Festival Orchestra as well as guest artists. 3023701 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 1 212 0 1 42 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Stacie Brew Finance Manager 2086225607 PO Box 1914 Sun Valley ID 83353 Sue Monson President 1.50 X X 0 0 0 Tom Larsen Vice President 0.40 X X 0 0 0 Ann Leonardo Secretary 0.40 X X 0 0 0 Vickrie Cutler Treasurer 0.50 X X 0 0 0 Mitch August Director 0.40 X 0 0 0 Jim Daniels Director 0.40 X 0 0 0 Judy Getto Director 0.40 X 0 0 0 Debra Levin Director 0.50 X 0 0 0 Deb Mello Director (From Mid-Year) 0.50 X 0 0 0 Carol Nie Director 0.80 X 0 0 0 Tony Price Director 0.80 X 0 0 0 Brad Rosenburg Director 0.40 X 0 0 0 Jeffrey Calman Director (Left Mid-Year) 1.00 X 0 0 0 Eugene Cheston Director (Left Mid-Year) 1.00 X 0 0 0 Jeff Tumolo Director (Left Mid-Year) 3.00 X 0 0 0 Gay Weake Director (Left Mid-Year) 3.00 X 0 0 0 Derek Dean Executive Director 40.00 X 197470 0 6665 197470 0 6665 1 0 1 0 Alasdair Neale 3333 Buchanan Street San Francisco CA 94123 Conductor 158138 1 321880 3148671 201089 3470551 Lessons and Fees 711190 83255 83255 Performance Equipment Fees 711190 9446 9446 Program Advertising 541800 5657 0 5657 98358 412954 412954 2379334 2272691 106643 106643 106643 144500 321880 185386 -40886 -40886 9346 6832 2514 2514 4050134 95215 5657 478711 X 230272 92109 80595 57568 667131 439874 105763 121494 24059 14290 4976 4793 72442 44049 14228 14165 61575 36572 12735 12268 1680 1680 75130 75130 56769 56769 1396947 1362679 4762 29506 229048 104513 84317 40218 210654 112240 8590 89824 11843 11561 39 243 28309 25979 925 1405 453223 448850 4339 34 72123 72123 27526 14664 1126 11736 Productions 244751 231511 13240 Event Catering 147085 78359 6017 62709 Volunteer Awards & Gift 8022 6451 1480 91 Bad Debt Expense 5000 5000 4023589 3023701 535594 464294 286596 90213 44257 29484 21484 7079 6266 1971723 718682 1325164 1253041 12896388 13859939 293675 407607 3000000 3000000 17882643 18638550 73145 66927 73145 66927 X 14990422 15760410 2819076 2811213 17809498 18571623 17882643 18638550 26545 735580 0 X 0 1 X 1 0 X 2458054 2627551 2943707 2816164 3470551 14316027 2458054 2627551 2943707 2816164 3470551 14316027 47534 14268493 560053 634692 423307 383403 412954 2414409 0 0 958 17209 0 18167 9838 10676 13989 15177 49680 16798283 967083 0.84940 0.85320 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Equipment Fees Sales - 2014 Amount: $ 9,838. 2015 Amount: $ 10,676. 2016 Amount: $ 13,989. 2017 Amount: $ 15,177. 2018 Amount: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8720151 842841 221229 9341763 7279821 1400000 40330 8720151 6307803 148761 823257 7279821 6081278 226525 6307803 6147649 -66371 6081278 1.00000 0.00000 0.00000 0 0 464655 74538 390117 1507068 644144 862924 1253041 X 4921163 735580 735580 4185583 56769 -192218 -135449 4050134 4159038 192218 192218 3966820 56769 56769 4023589 Part V, Line 4: Board Designated Endowment Funds were established to provide a predictable stream of funding for operations while seeking to maintain the purchasing power of the endowment assets. Part X, Line 2: Management believes the Festival has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Festival would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold -6,832. Gala Fundraising Expenses Reported on Part VIII -185,386. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 6,832. Gala Fundraising Expenses Reported on Part VIII 185,386. Gala 466380 321880 144500 24863 67989 90816 1718 466380 321880 144500 24863 67989 90816 1718 185386 -40886 X 0 0 0 0 0 0 0 0 0 Derek Dean Executive Director 197470 0 0 0 0 0 0 0 6665 0 204135 0 0 0 X 14 201089 FMV 0 0 1 0 Part I, Column (b): Sch M, Part I, Column (b) represents the number of contributions. Form 990, Part III, line 2 The Symphony began a new Winter Season Program during the tax year. Form 990, Part VI, Section A, line 1 The Executive Committee has broad authority to act on behalf of the Governing Body between meetings and when board meetings are not practical. The Committee is comprised of the President, Vice-President, Secretary and Treasurer of the Board of Directors. Form 990, Part VI, Section A, line 4 The Articles of Incorporation and Bylaws were amended to include the doing business as name of Sun Valley Music Festival. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Executive Director and Finance Manager prior to filing. A copy of the Form 990 is provided to the full Board of Directors after filing has been completed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is completed by each Board member and Staff annually and reviewed by two members of the governance committee. If a conflict of interest is found to exist, the Director with the conflict will abstain from voting on the matter. Form 990, Part VI, Section B, line 15a The Executive Director's compensation is reviewed and determined by the President of the Board and the Human Resources committee using comparability data. The compensation process and outcome is documented in the minutes of the HR Committee meetings. Form 990, Part VI, Section C, line 19 All governing documents, conflict of interest policy, and financial statements are available upon request. The Board is considering also uploading the 990 to the website. Form 990, Part IX, line 11g Symphony Production Professional Fees : Program service expenses 1,362,679. Management and general expenses 4,762. Fundraising expenses 29,506. Total expenses 1,396,947.