2019-12-09T13:28:03-06:00 2019-07-31 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W SUITE 1200 BRADENTON FL 34205 990 2018-08-01 592603081 FLORIDA WEST COAST SYMPHONY INC D/B/A SARASOTA ORCHESTRA FLOR 9419534252 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 JOSEPH MCKENNA PRESIDENT/CEO 9419534252 2019-12-09 1 BRIAN CARTER P00536712 9417474483 2019-12-09 50.192.51.169 2019-12-09 07:52:49 ES P 8DE5D87BF328BD94C2DCEB74A18820E5A606C518 20F1BC12898A5039543A3DEA22BB38D9B3C5C2D3 2018 2020-04-17 16:48:07Z JOSEPH MCKENNA 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 12609313 0 X WWW.SARASOTAORCHESTRA.ORG X 1949 FL THE MISSION OF THE SARASOTA ORCHESTRA IS TO ENGAGE, EDUCATE AND ENRICH OUR COMMUNITY THROUGH HIGH QUALITY LIVE MUSICAL EXPERIENCES. 18 18 315 350 8193 0 5118386 6616731 3869627 3910599 153418 132960 463586 554003 9605017 11214293 65706 30998 0 0 6841052 7412281 0 0 970020 3139251 3433794 10046009 10877073 -440992 337220 9840371 10372677 2215300 2327622 7625071 8045055 X THE MISSION OF THE SARASOTA ORCHESTRA IS TO ENGAGE, EDUCATE AND ENRICH OUR COMMUNITY THROUGH HIGH QUALITY LIVE MUSICAL EXPERIENCES. SARASOTA ORCHESTRA IS COMMITTED TO ENGAGING OUR COMMUNITY WITH THE HIGHEST STANDARDS IN PERFORMING AND PROGRAMMING, OPERATING IN A CULTURE OF SERVICE, RESPECT AND COLLABORATION, AND PERFORMING CLASSICAL MUSIC AND WELCOMING GREAT MUSIC FROM OTHER GENRES. 0 0 7296252 3435830 SARASOTA PROFESSIONAL ORCHESTRA CONCERT SEASON - THE PROFESSIONAL ORCHESTRA IS ONE OF AMERICA'S LEADING REGIONAL ORCHESTRAS PERFORMING A WIDE RANGE OF CLASSICAL, POPS, AND CHAMBER MUSIC CONCERTS. MORE THAN 88,000 PEOPLE EXPERIENCE OVER 100 LIVE MUSICIAL PERFORMANCES EACH SEASON. THE PROFESSIONAL ORCHESTRA FEATURES A 36 WEEK SEASON, FROM SEPTEMBER TO MAY, AND HAS 72 CONTRACTED MUSICIANS. OUTREACH PROGRAMS CONNECT WITH THE RESIDENTS AND YOUTH OF SARASOTA AND MANATEE COUNTIES, STRENTHENING THE COMMUNITY'S ARTISTIC PROFILE AND REPUTATION AS A CULTURE HUB IN FLORIDA. 882073 297513 SARASOTA MUSIC FESTIVAL - THE SARASOTA MUSIC FESTIVAL IS ONE OF THE PREMIER TEACHING FESTIVALS FOCUSED ON CHAMBER MUSIC IN THE UNITED STATES. THROUGH A COMPETITIVE PROCESS, THE FESTIVAL ADMITS 62 OF THE MOST TALENTED COLLEGE-AGED, PRE-PROFESSIONAL MUSICIANS TO PARTICIPATE IN THREE WEEKS OF MASTER CLASSES AND COACHING SESSIONS, ALONG WITH PUBLIC ORCHESTRAL AND CHAMBER PERFORMANCES. THE INTERNATIONALLY ACCLAIMED FACULTY ARTISTS TEACH AND PERFORM. IN 2019 THERE WERE 13 TICKETED CONCERTS, ONE LECTURE AND PUBLIC ACCESS TO MASTER CLASSES AND OPEN REHEARSALS. 865801 30998 177256 FOR 60 YEARS THE SARASOTA ORCHESTRA HAS SPONSORED A YOUTH ORCHESTRA PROGRAM CURRENTLY CONSISTING OF EIGHT ORCHESTRAS, FIVE STRING ORCHESTRAS, ONE WIND BAND AND TWO FULL ORCHESTRAS. THE YOUTH ORCHESTRAS MEET ONCE A WEEK FROM SEPTEMBER THROUGH APRIL AND PRESENT SIX CONCERTS THAT ARE FREE TO THE PUBLIC. THE SARASOTA ORCHESTRA ALSO PRESENTS A SUMMER MUSIC CAMP FOR TWO WEEKS EACH JULY. THE CAMP MEETS EVERY DAY (MONDAY-FRIDAY) AND CONCLUDES WITH A RECITAL FOR PARENTS AND THE PUBLIC TO ATTEND. TO INSURE ALL STUDENTS HAVE ACCESS TO MUSIC INSTRUCTION AND OUR PROGRAMS, THE SARASOTA ORCHESTRA PROVIDES TUITION, PRIVATE LESSON, SUMMER CAMP AND COLLEGE SCHOLARSHIPS. NEEDY STUDENTS ALSO HAVE THE OPPORTUNITY TO BORROW INSTRUMENTS FROM THE ORCHESTRA. OTHER PROGRAMS INCLUDE THE YOUNG PERSON'S CONCERT WHICH ENGAGES FOURTH AND FIFTH GRADERS FROM SARASOTA AND MANATEE SCHOOLS. THIS INCLUDES AN IN-SCHOOL PREPARATION CURRICULUM GUIDE AND CULMINATES IN A CONCERT HELD AT A PROFESSIONAL CONCERT VENUE BY THE PROFESSIONAL SARASOTA ORCHESTRA. THE CURRICULUM FOR THESE CONCERTS IS IN ALIGNMENT WITH THE FLORIDA AND NATIONAL EDUCATION STANDARDS. OTHER OUTREACH PROGRAMS INCLUDE ORCHESTRA MUSICIANS PERFORMING AND COACHING IN THE SCHOOLS AND OTHER COMMUNITY VENUES. THE TOTAL NUMBER OF CHILDREN AND FAMILY MEMBERS SERVED BY THE SARASOTA ORCHESTRA EDUCATIONAL PROGRAMMING IS MORE THAN 15,000. 9044126 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 94 0 315 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X X CATHY WILSON 9419534252 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 DAVID STEVES CHAIR 2.00 X X 0 0 0 TOM RYAN CHAIR ELECT 2.00 X X 0 0 0 ARNOLD HOFFMAN VICE CHAIR 2.00 X X 0 0 0 BILLY ROBINSON TREASURER 2.00 X X 0 0 0 LOIS STULBERG VICE CHAIR 2.00 X X 0 0 0 GERRI AARON DIRECTOR 2.00 X 0 0 0 JACK BUHSMER DIRECTOR 2.00 X 0 0 0 ANNE FOLSOM SMITH DIRECTOR 2.00 X 0 0 0 MIKE ESPOSITO DIRECTOR 2.00 X 0 0 0 RICK LANNAMANN DIRECTOR 2.00 X 0 0 0 TOM KOSKI VICE CHAIR 2.00 X X 0 0 0 ROSE-ANNE FRANO DIRECTOR 2.00 X 0 0 0 TAMMIE SANDOVAL DIRECTOR 2.00 X 0 0 0 DAVID GREEN DIRECTOR 2.00 X 0 0 0 ROBIN SERBIN DIRECTOR 2.00 X 0 0 0 KIM WHEELER DIRECTOR 2.00 X 0 0 0 CHAS WOOD DIRECTOR 2.00 X 0 0 0 JILL LEVINE SECRETARY 2.00 X X 0 0 0 RICHARD RIVERA DIRECTOR 2.00 X 0 0 0 CATHY WILSON SVP OF FINANCE & ADMINISTR 40.00 X 118034 0 18107 JOSEPH MCKENNA PRESIDENT AND CEO 40.00 X 179532 0 28812 GORDON GREENFIELD CHIEF OPERATING OFFICER 40.00 X 112385 0 10894 ANU TALI MUSIC DIRECTOR 40.00 X 157103 0 11959 567054 0 69772 4 0 1 0 GRENZEBACH GLIER & ASSOCIATES P O BOX 775324 CHICAGO IL 60677 DEVELOPMENT CONSULTING/FEASIBILITY STUDY 108470 1 164890 1301233 688476 4462132 6616731 SYMPHONY CONCERTS 711130 3067461 3067461 CONTRACT REVENUE 711130 368369 368369 MUSIC FESTIVAL 711130 297513 297513 MUSIC EDUCATION 711130 177256 177256 3910599 135352 135352 14741 25361 -10620 -10620 -10620 1097059 1099451 -2392 -2392 -2392 689105 164890 267061 422044 422044 2821 3147 -326 -326 OTHER REVENUE 900099 134712 134712 PROGRAM ROYALTIES 511120 8193 8193 142905 11214293 3910599 8193 678770 30998 30998 771163 436423 92512 242228 5458247 4777297 257500 423450 158549 142981 7927 7641 561047 458857 38739 63451 463275 386548 27613 49114 45309 33050 7014 5245 31600 23050 4892 3658 11140 11140 65846 48031 10193 7622 326839 326839 393469 305061 23092 65316 120589 51829 68621 139 984423 944907 17186 22330 121738 116644 1525 3569 2972 2972 266934 222613 21320 23001 OTHER PRODUCTION EXPENS 531063 525339 893 4831 WRITEOFF OF UNCOLLECTIB 211446 211446 FACULTY & STUDENT HOUSI 157993 157993 MISCELLANEOUS 118011 52694 61314 4003 44422 44422 10877073 9044126 862927 970020 554603 617357 370455 1939841 176765 273740 1760241 0 138539 166019 7132222 3786269 3327597 3345953 2876351 3405767 635820 624000 9840371 10372677 355730 402729 1768961 1871138 90609 53755 2215300 2327622 X 3759896 3266265 2065175 2978790 1800000 1800000 7625071 8045055 9840371 10372677 X 337220 90966 -8202 X X 0 1 X 1 0 X 4613321 4548617 4940470 5118386 6616731 25837525 4613321 4548617 4940470 5118386 6616731 25837525 1197775 24639750 147008 146032 132791 152655 150093 728579 65459 59777 1823415 62005 134712 2145368 28711472 21693852 0.85820 0.86930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1850916 25800 1876716 1907497 -56581 1850916 1830588 76909 1907497 1827633 87474 84519 1830588 1859586 46482 78435 1827633 0.95910 0.04090 0 0 4583516 3181663 1401853 1027254 604606 422648 1521452 1521452 3345953 CRUT RECEIVABLE 348066 LAND LEASE VALUE 275934 624000 X 12425769 90966 17102 2423983 2532051 9893718 11140 1309435 1320575 11214293 11178604 17102 295569 312671 10865933 11140 11140 10877073 PART V, LINE 4: TO SUPPORT THE FLORIDA WEST COAST SYMPHONY. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED JULY 31, 2019, THE ORGANIZATION INCURRED NO INCOME TAX EXPENSE. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE ORGANIZATION RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES A 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE ORCHESTRA AND THE TRUST AND A 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN TO THE U.S. FEDERAL GOVERNMENT AND AN F-1120 FLORIDA CORPORATE INCOME/FRANCHISE TAX RETURN TO THE STATE OF FLORIDA FOR THE ORCHESTRA. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATION INCLUDED ON SEPARATE 990 2,128,414. RENTAL EXPENSES AND COST OF GOOD SOLD NETTED WITH REVENUE ON 990 28,508. SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 267,061. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS FROM RELATED ORGANIZATIONS 1,301,233. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,202. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES AND COST OF GOODS SOLD NETTED WITH REVENUE ON 990 28,508. SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 267,061. BRUNCH 265125 128690 136435 23537 4273 6588 GALA 273450 14755 258695 76434 2712 27529 3 315420 21445 293975 5246 78040 4250 38452 853995 164890 689105 5246 178011 11235 72569 267061 422044 1 COLLEGE MUSIC EDUCATION SCHOLARSHIPS FOR INDIVIDUALS IN YOUTH ORCHESTRA 6 9000 MUSIC CAMP SCHOLARSHIPS FOR INDIVIDUALS IN YOUTH ORCHESTRA 12 5130 PRIVATE MUSIC LESSON SCHOLARSHIPS FOR INDIVIDUALS IN YOUTH ORCHESTRA 41 14868 YOUNG ARTIST COMPETITION AWARDS 7 1000 PART I, LINE 2: SCHOLARSHIPS ARE AVAILABLE TO ELIGIBLE YOUTH ORCHESTRA PARTICIPANTS AND ARE MONITORED BY A COMMITTEE. X X X 0 0 0 0 0 0 0 0 0 JOSEPH MCKENNA PRESIDENT AND CEO 175932 0 0 0 3600 0 17099 0 11713 0 208344 0 0 0 ANU TALI MUSIC DIRECTOR 157103 0 0 0 0 0 4763 0 7196 0 169062 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER. ADDITIONALLY, A COPY IS PROVIDED TO THE BOARD OF DIRECTORS REQUESTING REVIEW AND QUESTIONS TO BE COMPLETED BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE AND CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPARISON STUDIES ARE MADE FOR EACH POSITION TO SIMILAR POSITIONS IN LIKE NON-PROFIT ORGANIZATIONS. STUDIES ARE REVIEWED YEAR OF HIRE AND EACH YEAR WHEN DETERMINING ANNUAL COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PLACES THE AUDITED FINANCIAL STATEMENT OF IT'S MOST RECENTLY COMPLETED FISCAL YEAR ON ITS WEBSITE AND MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -8,202. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS AUDIT REVIEW PROCESS DURING THE YEAR. FLORIDA WEST COAST SYMPHONY INC ENDOWMENT TRUST 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 326004523 TO HAVE HOLD AND MANAGE AN ENDOWMENT FUND FOR THE BENEFIT OF THE ORCHESTRA FL 501(C)(3) LINE 12B, II 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0