2019-04-01T12:30:31-05:00 2018-07-31 350921680 CROWE LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2017-08-01 620550979 Nashville Symphony Association NASH 6156876515 1 Symphony Place Nashville TN 37201 Marye Lewis CFO 2019-04-01 true JACKIE COBURN P00244301 6153605500 2017 2019-02-21 02:37:17Z The Nashville Symphony Alan Valentine 1 Symphony Place Nashville TN 37201 30938722 false X nashvillesymphony.org X 1946 TN The Nashville Symphony inspires, entertains, and educates through excellence in musical performance. 45 37 557 350 -289851 -138401 7798807 8289589 10916613 11626539 1173680 1663173 1952787 1977960 21841887 23557261 34000 34000 0 13655245 14152446 184454 190380 1389206 11424750 12080042 25298449 26456868 -3456562 -2899607 105480944 101369905 27654801 26315206 77826143 75054699 The Nashville Symphony inspires, entertains, and educates through excellence in musical performance. We will fulfill our mission by: * Achieving recognized excellence in orchestral performance. * Delivering consistently creative and innovative programming, with a focus on the creation, promotion, and preservation of American repertoire. * Producing outstanding education and community engagement programs. * Creating, enabling, and leading cultural impact. false false 20584128 0 14388795 Artistic Programming : Led by Music Director Giancarlo Guerrero, the Nashville Symphony inspires, entertains and educates through excellence in musical performance. Concert programming is one of the key drivers for fulfilling this mission, beginning with the orchestra's flagship Classical Series, which consists of 14 concert weekends exploring the full breadth of classical repertoire, from Baroque to contemporary. In 2017/18, highlights of the Classical Series included Beethoven's Fifth Symphony, Haydn's The Creation, Strauss' Also sprach Zarathustra, Mahler's Fifth Symphony and Verdi's Requiem, as well as contemporary works by C.F. Kip Winger, Esa-Pekka Salonen and Enrico Chapela. Guest soloists included pianist Andre Watts, violinist Jennifer Koh, guitarist Jason Vieaux and cellist Johannes Moser. The Nashville Symphony further fulfilled its commitment to championing contemporary American orchestral music through live recordings of works by Christopher Rouse, Jonathan Leshnoff and Tobias Picker for forthcoming releases on the Naxos label. In addition, the orchestra released two recordings on Naxos: Terry Riley's The Palmian Chord Ryddle and Wind Concertos, featuring works by Frank Ticheli, Behzad Ranjbaran and Brad Warnaar. Released in 2016, the orchestra's Naxos recording of Jennifer Higdon's All Things Majestic earned two GRAMMY Awards in 2018, including Best Classical Compendium and Best Classical Composition. The Nashville Symphony's Composer Lab & Workshop was created to provide emerging American-based composers with the opportunity to develop their talents, gain hands-on experience working an orchestra and showcase their work for a live audience. In 2017/18, the second round of this program showcased the work of four young composers: Emily Cooley, James Diaz, Liliya Ugay and Shen Yiwen, who traveled to Nashville to meet and work with music director Giancarlo Guerrero and workshop director Aaron Jay Kernis, among others. In addition to its classical programming, the Nashville Symphony offers a wide variety of concerts for the Middle Tennessee community, including pop, jazz, family events and movies with live orchestra. Of special note, composer and conductor John Williams joined the Nashville Symphony onstage for its sold-out opening gala concert. Led by the Nashville Symphony and the Jewish Federation of Nashville, Violins of Hope Nashville was a unique community-wide initiative in spring 2018, with 27 partners and 60 events, all revolving around a collection of restored instruments played by Jewish musicians during the Holocaust. Over the course of several months, this initiative drove the creation of music, visual art, theater, readings and educational activities, reaching a total of 45,000 people. In tandem with Violins of Hope Nashville, the Nashville Symphony received a $20,000 Art Works grant from the National Endowment for the Arts in support of the world premiere of Jonathan Leshnoff's Symphony No. 4 "Heichalos," which was recorded for release on Naxos. The work was performed on instruments from the Violins of Hope collection. 1789925 34000 0 Education & Community Engagement Program: The Nashville Symphony provides an array of free education and engagement opportunities at Schermerhorn Symphony Center and throughout the mid-state region, reaching a total of 70,000 people. Many programs align with state academic standards and provide lesson plans and other resources to participating educators. Highlights include the following programs: Accelerando is designed to prepare gifted young students of diverse ethnic backgrounds to pursue music at the collegiate level and beyond. In the 2017/18 season, nine students participated in the program, receiving mentorship and private lessons, performance and masterclass opportunities, music theory and history coursework, and opportunities to attend summer performance workshops - all offered at no cost. The Young People's Concerts series for students in grades K-12 reached 12,790 students over 10 concerts. Selected programs tied in to the Violins of Hope initiative, featuring music by Amy Beach, William Grant Still and John Williams. Teachers received downloadable curriculum with lesson plans and music. Symphony musicians visited schools around Middle Tennessee to offer instruction and coaching for band and orchestra students via the Sectionals program, reaching 2,381 students in total. Curb Open Dress Rehearsals offered opportunities for student groups to experience Nashville Symphony rehearsals with soloists including Andre Watts, Jennifer Koh and Pinchas Zukerman, reaching 1,016 attendees in total. With the Ensembles in the Schools program, which reached 1,956 students this season, Nashville Symphony musicians presented age-appropriate small ensemble concerts for young listeners. An interactive program offered in partnership with the Country Music Hall of Fame that explores the connections between classical and country music, Is It a Fiddle or a Violin? reached 1,000+ students. Free Day of Music, an annual event featuring more than 20 local artists, welcomed 11,100 people to the Schermerhorn for a full day and night of performances, all free of charge. Community Concerts brought the Nashville Symphony to outdoor locations across the mid-state area, from urban neighborhoods to outlying communities, reaching 8,600 participants. The Chamber Music Series featured small groups of Symphony musicians performing in an intimate setting, free of charge. Programs covered a wide range of repertoire, including music and stories of composers affected by the Holocaust. As part of its Family Series, the Nashville Symphony integrated support for children with sensory sensitivities. Each of the four concerts featured classical repertoire, along with flexible and accessible seating, closed captioning, quiet spaces and trained staff. 22374053 true true false false false false false false true true false false false false true true false false false false false false true true false false true false true false false false true false false false false false false false false false true true true false false true 170 0 true 557 true true true false false false false true true true false false false X 45 37 true false false false false false false true true false false true true true true true true true true false TN X X Marye Lewis 6156876515 1 Symphony Place Nashville TN 37201 ALAN D VALENTINE PRESIDENT & CEO 40.0 0.0 X X 367532 0 15763 KEVIN W CRUMBO CHAIR-ELECT 1.0 0.0 X X 0 0 0 DR MARK D PEACOCK BOARD CHAIR 1.0 0.0 X X 0 0 0 SHIRLEY ZEITLIN BOARD VICE-CHAIR 1.0 0.0 X X 0 0 0 DAVID K MORGAN BOARD TREASURER 1.0 0.0 X X 0 0 0 JENNIFER H PURYEAR BOARD SECRETARY 1.0 0.0 X X 0 0 0 NEWMAN ARNDT DIRECTOR 1.0 0.0 X 0 0 0 JOHN H BAILEY III DIRECTOR 1.0 0.0 X 0 0 0 RUSSELL W BATES DIRECTOR 1.0 0.0 X 0 0 0 DR H VICTOR BRAREN DIRECTOR 1.0 0.0 X 0 0 0 THALLEN BRASSEL DIRECTOR 1.0 0.0 X 0 0 0 REV DEXTER S BREWER DIRECTOR 1.0 0.0 X 0 0 0 DR PAMELA L CARTER DIRECTOR 1.0 0.0 X 0 0 0 FRANK A DANIELS III DIRECTOR 1.0 0.0 X 0 0 0 JUDY M FOSTER DIRECTOR 1.0 0.0 X 0 0 0 ANDREW GIACOBONE DIRECTOR 1.0 0.0 X 0 0 0 EDWARD A GOODRICH DIRECTOR 1.0 0.0 X 0 0 0 DEBRA L GREENSPAN DIRECTOR 1.0 0.0 X 0 0 0 BRENDA P GRIFFIN DIRECTOR 1.0 0.0 X 0 0 0 DAVID GWIN DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL W HAYES DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER T HOLMES DIRECTOR 1.0 0.0 X 0 0 0 VICKI HORNE DIRECTOR 1.0 0.0 X 0 0 0 MARTHA R INGRAM DIRECTOR 1.0 0.0 X 0 0 0 ORRIN INGRAM DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM JONES JR DIRECTOR 1.0 0.0 X 0 0 0 RICHARD L MILLER DIRECTOR 1.0 0.0 X 0 0 0 LOUISE MORRISON DIRECTOR (see Schedule O) 40.0 0.0 X 59831 0 4635 KATE MUNAGIAN DIRECTOR (see Schedule O) 40.0 0.0 X 59865 0 10905 PATRICK MURPHY DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL MUSICK DIRECTOR 1.0 0.0 X 0 0 0 ROBERT OLSEN DIRECTOR 1.0 0.0 X 0 0 0 W BRANTLEY PHILLIPS JR DIRECTOR 1.0 0.0 X 0 0 0 RIC J POTENZ DIRECTOR 1.0 0.0 X 0 0 0 DR JANICE RILEY-BURT DIRECTOR 1.0 0.0 X 0 0 0 DR E KELLEY SANFORD DIRECTOR 1.0 0.0 X 0 0 0 JAMES C SEABURY III DIRECTOR 1.0 0.0 X 0 0 0 JEREMY TUCKER DIRECTOR 1.0 0.0 X 0 0 0 PATRICK WALLE DIRECTOR (see Schedule O) 40.0 0.0 X 71084 0 5283 GLEN WANNER DIRECTOR (see Schedule O) 1.0 0.0 X 70732 0 11250 JONATHAN G WEAVER DIRECTOR 1.0 0.0 X 0 0 0 JAMES W WHITE DIRECTOR 1.0 0.0 X 0 0 0 BETSY WILLS DIRECTOR 1.0 0.0 X 0 0 0 CLARE YANG DIRECTOR (see Schedule O) 40.0 0.0 X 60886 0 10446 ALAN R YUSPEH DIRECTOR 1.0 0.0 X 0 0 0 STEVEN BROSVIK COO 40.0 0.0 X 198241 0 16259 MARYE WALKER LEWIS CFO 40.0 0.0 X 186434 0 14619 GIANCARLO GUERERRO MUSIC DIRECTOR 40.0 0.0 X 517214 0 16259 JUN IWASAKI CONCERTMASTER 40.0 0.0 X 201650 0 12191 JONATHAN NORRIS VP OF DEVELOPMENT 40.0 0.0 X 153962 0 0 DANIEL B GROSSMAN VP OF MARKETING 40.0 0.0 X 209979 0 6962 ERIC SWARTZ VP OF VENUE MANAGEMENT 40.0 0.0 X 101198 0 5766 2258608 0 130338 8 false true false William Morris Endeavor Entertainment LLC 11 Madison Ave 18th Floor NEW YORK NY 10010 Guest Artist Management 333856 Opus 3 Artists 470 Park Avenue South 9th FL North New York NY 10016 Guest Artist Management 293000 Allied Universal Security Services PO Box 828854 Philadelphia PA 19182 Security Service 214035 ProImage Facility Services 15115 Old Hickory Blvd Ste B Nashville TN 37211 Janitorial Management 202080 Marts & Lundy 1200 Wall Street West 5th Floor Lyndhurst NJ 07071 Fundraising Campaign Feasibility Consultant 160000 13 10485 1385129 277130 6616845 0 8289589 Ticket sales 711190 11209431 11209431 Orchestra fees 711190 417108 417108 0 0 0 0 11626539 380290 380290 1466009 1755860 -289851 0 -289851 -289851 3736725 2346411 3476085 1324168 260640 1022243 1282883 1282883 129965 1385129 669407 -539442 -539442 673087 155941 517146 517146 TICKET HANDLING CHARGES/FACILITY FEES 711190 2134839 2134839 COMMISSIONS ON ARTIST MERCH SALES & MISC VENUE 711190 110271 110271 Insurance Settlement 900099 44997 44997 0 0 0 0 2290107 23557261 14388795 -289851 1168728 X 30000 30000 4000 4000 1900779 1121461 779318 0 10323474 9088962 403342 831170 450973 450973 593932 488272 57517 48143 883288 760810 57517 64961 143500 143500 65090 65090 70258 70258 190380 190380 125636 125636 4550809 4471725 35654 43430 1141470 982885 158585 153300 39702 99834 13764 261899 261899 196540 196540 1192952 1059328 133624 74032 38956 23315 11761 62369 18646 41455 2268 12517 12517 1851011 1851011 287545 148555 138990 OTHER PRODUCTION EXPENSES 1398735 1398735 OTHER ADMIN EXP 387643 387643 OTHER MARKETING EXP 32733 32733 72003 47259 0 24744 26456868 22374053 2693609 1389206 8078176 7458671 2400000 0 4241425 3212771 1135381 800995 0 0 0 0 114233 114839 974179 1627206 145876845 70323499 77614930 75553346 10922620 12602077 0 0 0 0 105480944 101369905 805868 914989 6216741 5400217 20632192 20000000 0 0 27654801 26315206 X 68700467 66863004 6435510 5337376 2690166 2854319 77826143 75054699 105480944 101369905 X -2899607 174677 -46514 X false true X true false X 8725537 10603311 5813618 7798807 8289589 41230862 10714508 11219857 13680231 13067428 14388795 63070819 0 0 0 19440045 21823168 19493849 20866235 22678384 104301681 558983 604348 570000 596707 657138 2987176 0 0 0 0 0 0 558983 604348 570000 596707 657138 2987176 101314505 1249087 1581111 1753081 1877398 1846299 8306976 0 1249087 1581111 1753081 1877398 1846299 8306976 0 578785 693270 746699 663624 803052 3485430 21267917 24097549 21993629 23407257 25327735 116094087 0.8727 0.8539 0.0716 0.0988 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 129223.0, COLUMN B - 174711.0, COLUMN C - 124940.0, COLUMN D - 117884.0, COLUMN E - 129965.0, COLUMN F - 676723.0; DESCRIPTION - GROSS SALES OF INVENTORY (10A), COLUMN A - 449562.0, COLUMN B - 518559.0, COLUMN C - 562384.0, COLUMN D - 545740.0, COLUMN E - 673087.0, COLUMN F - 2749332.0; DESCRIPTION - GAMING (RAFFLE), COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 59375.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 59375.0; 10796215 164153 711734 447908 102954 11121240 10332572 51695 894966 386774 96244 10796215 10646267 30320 220997 497932 67080 10332572 10778281 7083 557481 625996 70582 10646267 9855873 63218 1064647 138292 67165 10778281 0.9209 0.0791 0.0 false true true 3500000 3500000 130267721 64485846 65781875 7842858 5837653 2005205 4266266 0 4266266 75553346 0 X 24823083 174677 377525 -5305 546897 24276186 125636 -844561 -718925 23557261 27594527 377525 891148 1268673 26325854 125636 5378 131014 26456868 Schedule D, Part V, Line 4 Intended uses of endowment funds The investment funds are used for mission related activities. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ASSOCIATION WILL RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE-LIKELY-THAN-NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. AS OF JULY 31, 2018 AND 2017, MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ASSOCIATION DID NOT RECOGNIZE OR ACCRUE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS OF JULY 31, 2018 AND 2017, AND FOR THE YEARS THEN ENDED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 TAX COST ADJUSTMENT - 73 FUNDRAISING EXPENSES - -5378 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements GAIN ON SALE OF FIXED ASSET - 1022243 RENTAL EXPENSE - -1755860 COST OF GOODS SOLD - -155941 INSURANCE SETTLEMENT - 44997 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 1755860 COST OF GOODS SOLD - 155941 UNCOLLECTIBLE PLEDGE ALLOWANCE - 46587 GAIN ON SALE OF ASSET - -1022243 INSURANCE SETTLEMENT - -44997 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements FUNDRAISING EXPENSES - 5378 X X X X X X X true Bennett Direct PO BOX 0015 Milwaukee WI 53201 TELEFUNDING false 421001 190298 230703 421001 190298 230703 TN Symphony Ball 767572 714682 52890 0 0 74101 72703 131398 98970 Fashion Show 460599 402784 57815 0 0 102429 81989 0 65135 2 286923 267663 19260 0 0 7675 13405 13755 7847 1515094 1385129 129965 0 0 184205 168097 145153 171952 669407 -539442 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. BENNETT DIRECT-FUNDS RAISED BY TELEFUNDING COMPANY ARE PROCESSED BY THE REPORTING ORGANIZATION; DONATED FUNDS ARE NEVER IN POSSESSION OF THE TELEFUNDING FIRM. TELEFUNDING FIRM RECEIVES PAYMENT FOR ITS SERVICES VIA DIRECT INVOICE TO ORGANIZATION.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses BENNETT DIRECT-CONTRACT PROVIDES FOR AN ANNUAL FEE PLUS HOURLY WAGES. ADDITIONALLY, CERTAIN EXPENSES, SUCH AS PRINTING, SUPPLIES, AND POSTAGE ARE REIMBURSED. IN 2018, FEES TOTALED $187,296, WHILE EXPENSE REIMBURSEMENTS AMOUNTED TO $3,002.; true Blair School of Music at Vanderbilt University 2301 Vanderbilt Place Nashville TN 37240 620476822 501(c)3 30000 Sponsor the Curb Youth Symphony to promote music education for future generations. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Nashville Symphony sponsors Curb Youth Symphony at Blair School of Music with Vanderbilt University. NSA has a close partnering with Curb Youth Symphony at multiple times throughout the year, including the annual Side By Side concert. X X X false false false false false false false true false ALAN D VALENTINE PRESIDENT & CEO 335932 0 25000 0 6600 0 0 0 15763 0 383295 0 0 0 STEVEN BROSVIK COO 175521 0 22000 0 720 0 0 0 16259 0 214500 0 0 0 MARYE WALKER LEWIS CFO 171434 0 15000 0 0 0 0 0 14619 0 201053 0 0 0 GIANCARLO GUERERRO MUSIC DIRECTOR 467214 0 50000 0 0 0 0 0 16259 0 533473 0 0 0 JUN IWASAKI CONCERTMASTER 201650 0 0 0 0 0 6425 0 5766 0 213841 0 0 0 JONATHAN NORRIS VP OF DEVELOPMENT 153122 0 0 0 840 0 0 0 0 0 153962 0 0 0 DANIEL B GROSSMAN VP OF MARKETING 161163 0 48816 0 0 0 0 0 6962 0 216941 0 0 0 Schedule J, Part I, Line 3 COMPENSATION OF TOP MANAGEMENT OFFICIALS THE BOARD OF DIRECTORS DELEGATES RESPONSIBILITY TO THE EXECUTIVE COMMITTEE, WHICH ACTS AS THE COMPENSATION COMMITTEE, FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. Schedule J, Part I, Line 7 Non-fixed payments The Vice President of Marketing receives a base salary plus commission. The commission is based upon meeting & exceeding ticket sales goals. There are fixed and non-fixed portions of the bonus payments for the CEO, CFO, & COO. The non-fixed portions are determined at the discretion of the executive committee. SYMPLACE REALTY DIRECTOR MARTHA INGRAM MORTGAGE ON SYMPHONY FACILITY X 23250000 20000000 false true true 20000000 Form 990, Part I, Line 7a UNRELATED BUSINESS REVENUE THE FORM 990-T SHOWS TOTAL UNRELATED BUSINESS INCOME IN THE AMOUNT OF -$138,401. THIS AMOUNT INCLUDES DISALLOWED TRANSPORTATION FRINGE BENEFITS OF $151,450, WHICH IS NOT REFLECTED ON FORM 990, PART VIII, COLUMN C. AS A RESULT, PART I, LINE 7A IS -$289,851. Form 990, Part VI, Line 1a Delegate broad authority to a committee ARTICLE 4 (of Bylaws) EXECUTIVE COMMITTEE 4.1 Delegation of Power to Executive Committee. (a) The Executive Committee shall manage the business and affairs of the Association except as otherwise limited by these Bylaws, the Charter or the Act. The Executive Committee may advise the Board on all matters and shall report to the Board on all decisions made or actions taken by it which the Executive Committee or the Chairman reasonably determine to be major decisions or actions. The Executive Committee shall be assisted by such administrative staff as the Chairman or the President and CEO may determine. Except as otherwise provided in this Article, the provisions of Article 5 shall apply to the Executive Committee. (b) The Executive Committee shall have the power and authority (i) to appoint, negotiate and approve the terms of employment of, and evaluate the performance of the President and CEO and the Music Director and Conductor; (ii) approve agreements with the Musicians' Union (with any member who is an Orchestra Member being excluded, except by invitation of the Chairman); (iii) monitor compliance with the budget; (iv) establish and implement operating policies and procedures; (v) supervise the operations and functions of the other committees and receive reports from these committees on request or as required by these Bylaws; (vi) approve the creation of committees of the Board other than the committees created by these Bylaws and the appointment or removal of members of all committees and (vii) approve a sale, lease or pledge of less than all or substantially all of the assets of the Association. The Executive Committee shall have no power to amend any resolution of the Board or the budget. During discussions of salary or sensitive personnel matters, the Executive Committee may exclude Association employees. 4.2 Number, Election and Term. (a) The Executive Committee shall have at least thirteen (13) and no more than fifteen (15) members, all of whom shall be directors. The Executive Committee shall be comprised of the elected officers of the Association, the President and CEO, the required Orchestra Member, the chairman of the Annual Campaign, the chairman of any capital campaign underway, and the chairmen of the following committees: Artistic Planning, Governance, Strategic Planning, Marketing, Development, and the Schermerhorn Symphony Center Committee. Subject to the limit on total members, other directors may be nominated by the Governance Committee and elected by the Board. Each member shall consent to serve prior to his or her nomination by the Governance Committee. (b) The members of the committee will be elected or appointed for minimum two-year terms, and members shall serve until their successors are elected or appointed and qualified. No member of the Executive Committee shall serve more than three consecutive two-year terms, and a former member may be re-elected or re-appointed following a one year absence from the Executive Committee. (c) The members shall serve at the pleasure of the Executive Committee and the Board, and the Executive Committee or Board may remove any elected member at any time, with or without cause. 4.3 Meetings. Regular meetings of the Executive Committee shall be held every other month unless otherwise determined by the Chairman. Special meetings may be called at any time by an officer or any five (5) members of the Executive Committee. 4.4 Quorum and Voting. At all meetings of the Executive Committee, the presence of a majority of the voting members shall constitute a quorum. Each member shall have one vote on all matters properly coming before the meeting. If a quorum is present when a vote is taken, the affirmative vote of a majority of members present is an act of the committee unless the Act, the Charter or these Bylaws require the vote of a greater number. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ORRIN INGRAM AND MARTHA INGRAM - Family relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by the Controller; a draft is reviewed by the organization's public accounting firm, the CFO, the Audit Committee Chair, and the Board Treasurer. Prior to filing of the final Form 990, a full copy, including supplemental schedules, is provided to the full governing body. Form 990, Part VI, Line 12c Conflict of interest policy 2.8 Conflict of Interest. (from Bylaws of Organization) (a) The President and CEO shall be responsible for maintaining a written conflict of interest policy for the Association approved by the Board of Directors. This policy shall address conflict of interest related to any director, officer, committee member, or administrative staff member of the Association (b) When any conflict of interest relates to a matter requiring action by the Board of Directors or any Committee, the interested person shall call it to the attention of the Board of Directors or the Committee before which the matter is pending, as applicable. Any other Board or Committee member may call the matter to the attention of the Board or Committee, as applicable. The interested person shall not deliberate or vote on the matter; provided, however, that any director disclosing a conflict of interest may be counted in determining the presence of a quorum at a meeting of the Board of Directors or the Executive Committee. (c) Unless requested to remain present during the meeting, the interested person shall retire from the room in which the Board of Directors or Executive Committee is meeting, and shall not participate in the final deliberation or decision regarding the matter under consideration. However, the interested person shall provide the Board or Committee, as applicable with any and all relevant information. (d) The minutes of the meeting of the Board or any Committee, as applicable, shall reflect that the conflict of interest was disclosed, that the interested person did not participate in the final discussion or vote and did not vote, and the rationale for approving the action. Form 990, Part VI, Line 15a Process to establish compensation of top management official Typically, the organization utilizes surveys and research of local, regional and national organizations of similar size and makeup to accumulate fair and reasonable compensation data for officers and key employees on an annual basis for the compensation committee to review. In fiscal year 2018, this review led to the compensation committee providing for a 0-3.25% increase in the compensation that had been established in prior year. Form 990, Part VI, Line 15b Process to establish compensation of other employees All officers and key employees included in the compensation review were as follows: Music Director, President & CEO, CFO, COO, and Concertmaster. This process occurs annually, per the fiscal year. Form 990, Part VI, Line 19 Required documents available to the public Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104 and are not available to the public at this time. The Nashville Symphony does, however, make its annual financial audit & the 990 available on its own website. Form 990, Part VII, Section A COMPENSATION OF DIRECTORS FIVE BOARD MEMBERS SERVED AS EMPLOYED MUSICIANS OF THE NASHVILLE SYMPHONY ORCHESTRA AND RECEIVED COMPENSATION IN THEIR CAPACITY AS MUSICIANS OF THE ORCHESTRA. NONE OF THE LISTED COMPENSATION AT PART VII, SECTION A IS FOR THEIR ROLE AS BOARD MEMBERS. THESE INDIVIDUALS ARE LISTED BELOW: LOUISE MORRISON KATHERINE MUNAGIAN PATRICK WALLE GLEN WANNER CLARE YANG Form 990, Part IX, Line 11g Other Fees GUEST ARTIST FEES, SECURITY, COMMISSIONING, AUDIO ENGINEER - Total Expense: 4471725, Program Service Expense: 4471725, Management and General Expenses: , Fundraising Expenses: ; PUBLIC RELATIONS, BACKGROUND SEARCH - Total Expense: 35654, Program Service Expense: , Management and General Expenses: 35654, Fundraising Expenses: ; DONOR MARKET RESEARCH CONSULTANTS - Total Expense: 43430, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: 43430; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNCOLLECTIBLE PLEDGE ALLOWANCE - -46587; TAX COST ADJUSTMENTS - 73; NASHVILLE SYMPHONY ENDOWMENT TRUST #1 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 626222276 INVESTMENTS TN 501(c)(3) Type I NASHVILLE SYMPHONY ASSOCIATION true NASHVILLE SYMPHONY ENDOWMENT TRUST #2 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 620550979 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true NASHVILLE SYMPHONY ENDOWMENT TRUST #3 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 806215617 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true false false false false false false false false false false false false false false false false false false true NASHVILLE SYMPHONY ENDOWMENT TRUST #1 S 316861 CASH NASHVILLE SYMPHONY ENDOWMENT TRUST #2 S 65920 CASH NASHVILLE SYMPHONY ENDOWMENT TRUST #3 S 61098 CASH