2020-07-15T12:49:56-05:00 2019-08-31 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2018-09-01 520629696 BALTIMORE SYMPHONY ORCHESTRA INC BALT 4107838100 1212 CATHEDRAL STREET BALTIMORE MD 212015517 SARAH BECKWITH CFO 4107838095 2020-07-13 1 LORI S BURGHAUSER P00370694 4104031500 2020-07-13 68.33.106.243 2020-07-13 23:20:11 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D598169B7B70477E3779F4FD99F3BFF6A447919F 2018 2021-01-29 14:40:06Z PETER T KJOME 1212 CATHEDRAL STREET BALTIMORE MD 212015517 23719541 0 X WWW.BSOMUSIC.ORG X 1942 MD PROVIDING SYMPHONIC CONCERTS, CULTURAL AND EDUCATIONAL. 32 31 506 350 0 0 17896072 14220976 9726020 8641662 -1166 27171 161229 77697 27782155 22967506 0 0 0 0 18034304 16957268 64634 0 1193912 10428682 8777184 28527620 25734452 -745465 -2766946 9149778 8437988 25044874 29525543 -15895096 -21087555 X THE BALTIMORE SYMPHONY ORCHESTRA'S (BSO) MISSION IS TO PROMOTE, ORGANIZE, MANAGE AND MAINTAIN A SYMPHONY ORCHESTRA FOR THE CITY OF BALTIMORE AND THE STATE OF MARYLAND AND TO HOLD, SPONSOR, AND PRESENT MUSICAL CONCERTS BY THE BALTIMORE SYMPHONY ORCHESTRA. BSO IS AN INTERNATIONALLY RECOGNIZED SYMPHONY ORCHESTRA THAT HAS ATTRACTED A DEVOTED NATIONAL AND INTERNATIONAL FOLLOWING WHILE MAINTAINING DEEP BONDS THROUGHOUT MARYLAND WITH INNOVATIVE EDUCATION AND COMMUNITY OUTREACH INITIATIVES. 0 0 22529205 8641662 PROVIDES SYMPHONIC CONCERTS, CULTURAL AND EDUCATION PRESENTATIONS, CULTURAL AND EDUCATIONAL RENTALS, BROADCASTING AND RECORDING. 22529205 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 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 1 1 1 0 0 1 247 0 506 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD VA PA NJ X X SARAH BECKWITH 4107838095 1212 CATHEDRAL STREET BALTIMORE MD 212015517 MS BARBARA M BOZZUTO CHAIR 2.00 1.00 X X 0 0 0 MS LAINY LEBOW-SACHS VICE CHAIR 2.00 0.00 X 0 0 0 MR HILARY B MILLER VICE CHAIR (PART YEAR) 2.00 0.00 X 0 0 0 MS KATHLEEN A CHAGNON ESQ SECRETARY 2.00 0.00 X 0 0 0 HON STEVEN R SCHUH TREASURER 2.00 1.00 X 0 0 0 MR RICK BERNSTEIN BOARD MEMBER 2.00 0.00 X 0 0 0 MR AGW BIDDLE III BOARD MEMBER 2.00 0.00 X 0 0 0 MS KELLY CANTLEY BOARD MEMBER 2.00 0.00 X 0 0 0 MR AUGUST J CHIASERA BOARD MEMBER 2.00 0.00 X 0 0 0 MR ROBERT B COUTTS BOARD MEMBER 2.00 0.00 X 0 0 0 MR WALTER DOGGETT III BOARD MEMBER 2.00 0.00 X 0 0 0 MR ALAN S EDELMAN BOARD MEMBER 2.00 0.00 X 0 0 0 MR MICHAEL ERNST BOARD MEMBER 2.00 0.00 X 0 0 0 MS SANDRA LEVI GERSTUNG BOARD MEMBER 2.00 0.00 X 0 0 0 MR MICHAEL G HANSEN BOARD MEMBER 2.00 0.00 X 0 0 0 MR JOSEPH JENNINGS JR BOARD MEMBER 2.00 0.00 X 0 0 0 MR CHRISTIAN JOHANSSON BOARD MEMBER 2.00 0.00 X 0 0 0 MR ROBERT C KNOTT BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 DR SUNIL KUMAR BOARD MEMBER 2.00 0.00 X 0 0 0 MR MARC E LACKRITZ BOARD MEMBER 2.00 0.00 X 0 0 0 DR MARSHALL A LEVINE BOARD MEMBER 2.00 0.00 X 0 0 0 AVA LIAS- BOOKER BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MR HOWARD MAJEV ESQ BOARD MEMBER 2.00 0.00 X 0 0 0 MS LIDDY MANSON BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MS VALENCIA MCCLURE BOARD MEMBER 2.00 0.00 X 0 0 0 MR JAY ORLANDI BOARD MEMBER 2.00 0.00 X 0 0 0 MR E ALBERT REECE MD BOARD MEMBER 2.00 0.00 X 0 0 0 MR BARRY F ROSEN BOARD MEMBER 2.00 0.00 X 0 0 0 MRS ANN L ROSENBERG BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MS TERRY M RUBENSTEIN BOARD MEMBER 2.00 0.00 X 0 0 0 MR STEPHEN D SHAWE ESQ BOARD MEMBER 2.00 0.00 X 0 0 0 MR DAN SHYKIND BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 HON JAMES T SMITH JR BOARD MEMBER 2.00 0.00 X 0 0 0 MR SOLOMON H SNYDER MD BOARD MEMBER 2.00 0.00 X 0 0 0 MR DAVID TRONE BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MR GREGORY W TUCKER BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MS MARGUERITE WALSH BOARD MEMBER 2.00 0.00 X 0 0 0 MS AMY WEBB BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MR PETER L WINIK BOARD MEMBER 2.00 0.00 X 0 0 0 MR JEFFREY T ZOLLER BOARD MEMBER 2.00 0.00 X 0 0 0 MR PETER KJOME PRESIDENT AND CEO 34.00 1.00 X X 298514 0 34437 MS SARAH BECKWITH VICE PRESIDENT AND CFO 34.00 1.00 X 141959 0 26897 MS MARIN ALSOP MUSIC DIRECTOR 35.00 0.00 X 279054 0 26357 MR JONATHAN CARNEY CONCERT MASTER 35.00 0.00 X 264720 0 32013 MR JAMES KELLEY III VICE PRESIDENT OF DEVELOPMENT 35.00 0.00 X 198711 0 9037 MR TODD PRICE ASSISTANT STAGE MANAGER 35.00 0.00 X 171682 0 32058 MS RAQUEL WHITING-GILMER EXECUTIVE DIRECTOR ORCHKIDS 35.00 0.00 X 163500 0 5690 1518140 0 166489 31 0 1 0 MARIN ALSOP CO OPUS 3 ARTISTS LLC 470 PARK AVE SOUTH 9TH FLOOR NEW YORK NY 10016 CONDUCTOR 451500 CLASSICAL MOVEMENTS INC 711 PRINCESS STREET ALEXANDRIA VA 22314 PATRON TOUR 310952 WILLIAM MORRIS ENDEAVOR ENTERTAINMENT L 1325 AVENUE OF THE AMERICAS NEW YORK NY 10019 GUEST ARTISTS 310525 MOGO MARKETING AND MEDIA INC 21 TAMAL VISTA BOULEVARD SUITE 207 CORTE MADERA CA 94925 MARKETING 275964 CES SECURITY INC 115 MCHENRY AVENUE BALTIMORE MD 21208 SECURITY 269593 11 695875 3625335 3305583 6594183 394424 14220976 CONCERT INCOME 711130 8314222 8314222 BSYO TUITION REVENUE 711130 182452 182452 OTHER PROGRAM SERVICE REVENUE 711130 144988 144988 8641662 27171 27171 588879 365201 223678 223678 223678 93493 695875 386834 -293341 -293341 CONCESSIONS 722210 147360 147360 147360 22967506 8641662 0 104868 X 479340 143802 239670 95868 12275408 11340585 286157 648666 977618 937283 40335 2278310 1936754 246727 94829 946592 842871 53442 50279 26009 26009 51526 51526 19782 19782 3485314 3317853 115454 52007 1173809 1104680 69129 355123 158308 192078 4737 225937 2909 223028 1600207 1600207 331423 319541 5221 6661 205731 205731 103270 103270 205371 205371 UBIT TAX EXPENSE 8000 8000 EQUIPMENT RENTAL 244628 244628 CREDIT CARD FEES 183094 182729 365 EQUIPMENT HAULING 143818 143818 414142 149967 92439 171736 25734452 22529205 2011335 1193912 600 600 1377065 2387324 2716321 1595490 625380 355255 1051708 874705 2827023 2404537 527365 422486 2851339 2802128 9149778 8437988 4717348 3885138 6005039 6616032 2590000 2220000 11732487 16804373 25044874 29525543 X -18193345 -22686956 2298249 1599401 -15895096 -21087555 9149778 8437988 X -2766946 -2425513 X X 0 1 X 1 0 X 14729386 14921566 15843986 17896072 14220976 77611986 14729386 14921566 15843986 17896072 14220976 77611986 262494 77349492 860063 972432 545908 506513 616050 3500966 272100 463213 411721 349292 240853 1737179 82850131 49391728 0.93360 0.91730 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONCESSIONS AND OTHER - 2014 AMOUNT: $ 110,489. 2015 AMOUNT: $ 168,996. 2016 AMOUNT: $ 149,527. 2017 AMOUNT: $ 140,224. 2018 AMOUNT: $ 147,360. FUNDRAISING - 2014 AMOUNT: $ 161,611. 2015 AMOUNT: $ 294,217. 2016 AMOUNT: $ 262,194. 2017 AMOUNT: $ 209,068. 2018 AMOUNT: $ 93,493. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19782 19782 25886170 25905952 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 18282 20623 20570 19782 79257 250000 250000 250000 250000 1000000 1500000 18282 20623 20570 19782 79257 72645812 2298197 661648 3625335 4033578 100770 67845974 72100093 1710293 5936454 3837682 3164348 98998 72645812 68075548 3692480 8069106 3575311 4080641 81089 72100093 69402391 2499063 2979405 3572846 3149912 82553 68075548 67715170 7754734 -794727 3085144 2094903 92739 69402391 0.00000 0.99340 0.00660 0 1 1 8015 7584 431 2819008 2396953 422055 422486 DUE FROM AFFILIATES 2802128 2802128 ACCRUED PENSION COSTS 9278688 DUE TO AFFILIATES 7525685 16804373 X PART V, LINE 4: THE ENDOWMENT IS HELD BY THE BALTIMORE SYMPHONY ENDOWMENT TRUST, A SUPPORTING ORGANIZATION. THE ENDOWMENT IS USED TO SUPPORT THE CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES ASSOCIATED WITH THE PROMOTION OF AN APPRECIATION OF ORCHESTRAL AND SYMPHONIC MUSIC. PART X, LINE 2: ASC 740, INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND A MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AS WELL AS GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES AND CONSOLIDATED FINANCIAL STATEMENT REPORTING DISCLOSURES. FOR THESE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE SYMPHONY CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS. THE SYMPHONY RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURE AS A COMPONENT OF INCOME TAX EXPENSE. THE SYMPHONY DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF AUGUST 31, 2018 AND 2017. GALA 789368 695875 93493 97096 115807 84837 89094 789368 695875 93493 97096 115807 84837 89094 386834 -293341 X X X 0 1 0 0 0 0 0 0 0 MR PETER KJOME PRESIDENT AND CEO 254626 0 43750 0 138 0 25000 0 9437 0 332951 0 0 0 MS SARAH BECKWITH VICE PRESIDENT AND CFO 141821 0 0 0 138 0 0 0 26897 0 168856 0 0 0 MS MARIN ALSOP MUSIC DIRECTOR 278658 0 0 0 396 0 0 0 26357 0 305411 0 0 0 MR JONATHAN CARNEY CONCERT MASTER 264462 0 0 0 258 0 5226 0 26787 0 296733 0 0 0 MR JAMES KELLEY III VICE PRESIDENT OF DEVELOPMENT 198651 0 0 0 60 0 0 0 9037 0 207748 0 0 0 MR TODD PRICE ASSISTANT STAGE MANAGER 171622 0 0 0 60 0 15804 0 16254 0 203740 0 0 0 MS RAQUEL WHITING-GILMER EXECUTIVE DIRECTOR ORCHKIDS 163410 0 0 0 90 0 0 0 5690 0 169190 0 0 0 PART I, LINE 4B THE FOLLOWING PARTICIPATED IN BALTIMORE SYMPHONY ORCHESTRA, INC. 457(F) PLAN: PETER KJOME $6,500 PART II, LINE 4, DISCLOSURE INFORMATION OPUS 3 ARTISTS, LLC A COMPANY THAT MANAGES DISTINGUISHED PERFORMING ARTISTS, WAS PAID $451,500, AS AN INDEPENDENT CONTRACTOR FOR MARIN ALSOP'S INDEPENDENT SERVICES OUTSIDE OF HER COMPENSATION AGREEMENT WITH THE BSO. X 35 394424 FMV 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, A SUB-COMMITTEE OF THE BOARD OF DIRECTORS, PRIOR TO SUBMISSION. A COPY OF THE FORM 990 WAS ALSO EMAILED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BSO HAS A CONFLICT OF INTEREST POLICY THAT IS AVAILABLE TO ALL EMPLOYEES IN THE STAFF EMPLOYEE HANDBOOK. THE HANDBOOK IS ISSUED TO EVERY NEW EMPLOYEE OF THE BSO AND THE EMPLOYEE MUST SIGN TO SAY THAT THEY HAVE READ AND UNDERSTOOD THE INFORMATION PROVIDED. THE CONFLICT OF INTEREST POLICY IS MONITORED BY MANAGEMENT WITH EMPHASIS ON THOSE AREAS THAT ARE ESPECIALLY SUSCEPTIBLE TO POSSIBLE CONFLICTS. ANY POTENTIAL CONFLICTS WOULD BE DEALT WITH ON AN INDIVIDUAL BASIS BY THE PRESIDENT/CEO AND THE DIRECTOR OF HUMAN RESOURCES AS NECESSARY. THE POLICY AND ITS APPLICATION SHALL BE REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF DIRECTORS, OFFICERS, AND STAFF MEMBERS, EACH OF WHOM HAS A CONTINUING RESPONSIBILITY TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS OF INTEREST, AND MAKE SUCH DISCLOSURES AS DESCRIBED IN THIS POLICY. EACH DIRECTOR AND SENIOR STAFF MEMBER WILL BE ASKED TO COMPLETE A CERTIFICATION OF AGREEMENT WITH THE POLICY AND DISCLOSURE OF ANY KNOWN CONFLICTS OF INTEREST UPON HIS OR HER ELECTION OR RE-ELECTION TO THE BOARD OR COMMENCEMENT OF EMPLOYMENT AND ANNUALLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 15A BSO FORMED A COMPENSATION COMMITTEE IN THE LATE SUMMER OF 2013 TO SPECIFICALLY DEAL WITH THE CONTRACT OF THE PRESIDENT AND CEO. THE COMMITTEE INITIATED RESEARCH TO DETERMINE REASONABLE COMPENSATION. THAT RESEARCH WAS BASED ON COMPENSATION INFORMATION RECEIVED FROM ORCHESTRAS OF COMPARABLE SIZE IN REVENUE, SEASON LENGTH AND ORCHESTRA SIZE. UPON REVIEW OF THE DATA RECEIVED, THE COMMITTEE REACHED A CONCLUSION AND THE SPECIFIC CONTRACT WAS NEGOTIATED DIRECTLY WITH THE EMPLOYEE. IT IS THE INTENTION OF THE BOARD OF DIRECTORS TO KEEP THE COMPENSATION COMMITTEE ACTIVE AND AVAILABLE TO HANDLE COMPENSATION ISSUES OF THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 538,511. MANAGEMENT AND GENERAL EXPENSES 115,454. FUNDRAISING EXPENSES 45,864. TOTAL EXPENSES 699,829. CONDUCTORS & GUEST ARTISTS: PROGRAM SERVICE EXPENSES 2,779,342. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,779,342. PAYMENT PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,143. TOTAL EXPENSES 6,143. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES INCLUDING NET PERIODIC PENSION COSTS -2,254,013. PRIOR YEAR PLEDGE WRITE-OFF -171,500. FORM 990, PAGE 12, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BALTIMORE SYMPHONY ENDOWMENT TRUST 1212 CATHEDRAL STREET BALTIMORE MD 21201 770659339 SUPPORT APPRECIATION OF ORCHESTRAL AND SYMPHONIC MUSIC MD 501(C)(3) LINE 12A, I BALTIMORE SYMPHONY ORCHESTRA INC 1 CATHEDRAL PARKING INC 1212 CATHEDRAL STREET BALTIMORE MD 21201 521239270 PARKING GARAGE MD N/A C 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 BALTIMORE SYMPHONY ENDOWMENT TRUST C 3625355 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST E 5421618 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST O 441605 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST Q 74738 FMV CATHEDRAL PARKING INC D 698000 FMV