2019-04-12T11:06:47-05:00 2018-05-31 BDO USA LLP 600 NORTH PEARL ST SUITE 1700 DALLAS TX 75201 990 2017-06-01 751529851 DALLAS SYMPHONY FOUNDATION % DEANIE SEWELL CONTROLLER DALL 2148714000 2301 FLORA STREET suites Suite 300 DALLAS TX 75201 SAMUEL SELF president 2148714000 2019-04-11 true Laurie B Elmore CPA P00228866 2149697007 38.140.118.218 75236020191025000009 2019-04-12 P 23DA5E4F59BD756FEA1EEDD654D2F46261BDDD0E EFF23DD76B8D5709800EF7FD0DE30E1CBC9121FC 2017 2019-02-21 02:37:17Z SAMUEL SELF 2301 FLORA STREET SUITE 300 DALLAS TX 752012497 109018518 false X www.dallassymphony.com X 1976 TX THE DALLAS SYMPHONY FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT for the benefit of, and to further the purposes of the Dallas Symphony Association 15 15 0 0 2208761 4072925 0 0 3446203 14201490 0 0 5654964 18274415 5872605 6514903 0 0 0 0 0 0 0 290864 397612 6163469 6912515 -508505 11361900 131718838 139674640 91417 298396 131627421 139376244 THE PURPOSE OF THE DALLAS SYMPHONY FOUNDATION IS TO MANAGE AND INVEST AN ENDOWMENT FUND FOR THE BENEFIT OF THE DALLAS SYMPHONY ASSOCIATION (75-0705442), AND TO MAKE ANNUAL DISTRIBUTIONS TO THE DALLAS SYMPHONY ASSOCIATION FROM THIS ENDOWMENT FUND. DURING THE FISCAL YEAR ENDING MAY 31, 2018, THE FOUNDATION DISTRIBUTED $6,514,903 TO THE ASSOCIATION. false false 6515614 6514903 The purpose of the Dallas Symphony Foundation is to manage and invest an endowment fund for the benefit of the Dallas Symphony Association (75-0705442), and to make annual distributions to the Dallas Symphony Association from this endowment fund. During the fiscal year ending May 31, 2018, the Foundation distributed $6,514,903 to the Association 6515614 true true false false false false false false false true false false false false true true true true false false false false false false false false false true false false false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true false false false X X DEANIE SEWELL CONTROLLER 2148714014 2301 FLORA STREETSUITE 300 dallas TX 75201 DONALD J STONE BOARD MEMBER 0.0 0.0 X 0 0 0 HOWARD HALLAM BOARD MEMBER-VICE PRESIDENT 0.0 0.0 X X 0 0 0 HOWARD E RACHOFSKY BOARD MEMBER-VICE PRESIDENT 0.0 0.0 X X 0 0 0 SAM SELF BOARD MEMBER-VICE PRESIDENT 0.0 0.0 X X 0 0 0 GREGG BALLEW BOARD MEMBER 0.0 0.0 X 0 0 0 DOLORES BARZUNE BOARD MEMBER-SECRETARY 0.0 0.0 X X 0 0 0 RICHARD A FRELING BOARD MEMBER 0.0 0.0 X 0 0 0 AMY GROFF BOARD MEMBER 0.0 0.0 X 0 0 0 SCOTT W HANCOCK BOARD MEMBER-PRESIDENT 0.0 0.0 X X 0 0 0 JEFFREY M ROBINSON BOARD MEMBER 0.0 0.0 X 0 0 0 RICHARD SCHULZE BOARD MEMBER 0.0 0.0 X 0 0 0 STANLEY A RABIN BOARD MEMBER 0.0 0.0 X 0 0 0 BILLIE I WILLIAMSON BOARD MEMBER-TREASURER 0.0 0.0 X X 0 0 0 YON Y JORDEN Board Member 0.0 0.0 X 0 0 0 Brian Ratner Board Member 0.0 0.0 X 0 0 0 WILLIAM L GREEN BOARD MEMBER-ASST TREASURER 0.0 0.0 X 0 0 0 DAVID ROSENBERG BOARD MEMBER-ASST SECRETARY 0.0 0.0 X 0 0 0 0 0 0 0 false false false 0 X 4072925 54859 4072925 0 2848373 2848373 0 0 0 0 0 102097220 90744103 11353117 11353117 11353117 0 0 0 0 0 0 0 0 0 0 18274415 14201490 6514903 6514903 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FEES TO INVESTMENT MGRS 396901 396901 AMORT. GIFT ANNUITY 711 711 6912515 6515614 396901 0 0 0 0 0 2334300 1863814 33565 34053 0 0 0 0 0 0 0 0 0 0 0 0 125300186 134849372 3749843 2626457 0 0 0 0 300944 300944 131718838 139674640 0 0 85796 295466 0 0 0 0 0 0 0 0 0 0 0 0 5621 2930 91417 298396 X 311161 375206 44070761 47714470 87245499 91286568 131627421 139376244 131718838 139674640 11361900 -3613077 X false true true false X X 1 DALLAS SYMPHONY ASSOCIATION 750705442 10 true 6514903 0 1 6514903 true false false false false false false false false false false false false false false false true false 131635281 4072214 10183652 6514903 139376244 119613186 2207936 15686764 5872605 131635281 117305537 5030970 3231006 5954327 119613186 111016942 4462010 7530822 5704237 117305537 104221079 726088 11863303 5793528 111016942 0.00000 0.66000 0.34000 false false 0 LIABILITY FOR ANNUITY-NET 2930 2930 14263726 -3613077 -396901 -4009978 18273704 711 711 18274415 6514903 6514903 396901 711 397612 6912515 schedule d, part xi, line 2d and Sch D, Part XII, line 4a-fees to inv mgr Investment income on the financial statements is a net number, i.e. investment income less related expenses is shown on the audit report. SCH D, PART XI, LINE 4B and Sch D, Part XII, Line 4b Amortization of annuity SCHEDULE D, PART X, ITEM 2 - FIN 48 DISCLOSURE THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECONCILIATION FROM MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. MANAGEMENT BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. Schedule D, Part V, Line 4 The endowment's intended uses are for both restricted distributions in accordance with donor designations and distributions for general operating expenses. true DALLAS SYMPHONY ASSOCIATION 2301 FLORA STREET SUITE 300 DALLAS TX 75206 750705442 501(c)(3) 6514903 0 FMV N/A Operations, support 1 0 X 5 54859 Average FMV 0 false true true SCHEDULE M, COLUMN B - STOCK GIFTS There were 5 stock gifts made to the Dallas Symphony Foundation during the 2017-2018 tax year, that included 1,147 shares of stock. SCHEDULE M, LINE 9, COLUMN D - VALUATION The value of the stock is determined using an average of the high price and the low price times the number of shares on the date of the transfer to the Dallas Symphony Foundation. SCHEDULE M, LINE 32B - SALE OF DONATED STOCK Stock is transferred into a separate account where it is then sold. PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST QUESTIONNAIRE IS SENT OUT ANNUALLY TO EVERY MEMBER OF THE GOVERNING BODY. THE RESULTS ARE REVIEWED BY FINANCE TO DETERMINE WHETHER THERE ARE ANY MEMBERS OF THE GOVERNING BODY WHO ARE NOT INDEPENDENT. PART VI, SECTION B, LINE 11B - TAX RETURN PREPARATION The 990 is prepared by the Controller, reviewed by the Chief FInancial Oficer and the President and CEO of the Dallas Symphony Association. The form and all supporting documents are provided to Tax Accountants at BDO USA, LLP for review and entry into an efile system. The return is reviewed by outside legal counsel. The Form 990 is approved by the Dallas Symphony Association Audit Committee (the Association Audit Committee is authorized to approve the 990 of the DSF) for review and approval to be filed. Upon approval by the audit committee, the return/e-file authorization is signed by the President of the Dallas Symphony Foundation. A copy is provided to the Board of Directors for their review. PART VI, SECTION B, LINE 13 - WHISTLE BLOWER POLICY THE ORGANIZATION FOLLOWS THE WHISTLEBLOWER POLICY OF THE DALLAS SYMPHONY ASSOCIATION. PART VI, SECTION B, LINE 14 - DOCUMENT RETENTION THE ORGANIZATION FOLLOWS THE DOCUMENT RETENTION AND DESTRUCTION POLICY OF THE DALLAS SYMPHONY ASSOCIATION. PART VI, SEC. B, LINE 15 - NO COMPENSATION FOR DIRECTORS THE ORGANIZATION DOES NOT COMPENSATE ANY DIRECTORS. PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS AVAILABLE THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE GUIDESTAR WEBSITE AND BY REQUEST. CONLICTS OF INTEREST POLICY IS AVAILABLE VIA REQUEST. THE RESTATED CERTIFICATE OF FORMATION IS AVAILABLE TO THE PUBLIC VIA ANOTHER'S WEBSITE. THE BYLAWS ARE NOT MADE AVAILABLE TO THE PUBLIC. PART XI, LINE 5 - NET UNREALIZED GAIN/LOSS ON INVESTMENTS The other changes in net assets amount agrees with Sch D, part XI, line 2a. Line 2a is Net unrealized gains/(losses)on investments. PART VIII, LINE 1F - STATEMENT OF REVENUE RECONCILIATION Reconciliation from General Ledger to Tax Return Contributions per GL 4,532,554 Change in NPV of Pledges + (460,340) ----------- Total per AFS 4,072,214 Change in Annuity + 711 ------------ Total Part VIII Line 1f = 4,072,925 ============ DALLAS SYMPHONY ASSOCIATION 2301 FLORA STREET SUITE 300 DALLAS TX 75201 750705442 MUSIC PRODCT TX 501(c)(3) 509(A)(2) DAS SYM ASSC false false true false true false false false false false false false false false true true true false false false SEE PART VII Part V, line 2 (1)(d) - THE BOARD OF DIRECTORS ESTABLISHED A MAXIMUM ANNUAL DISTRIBUTION LIMITED TO 5.25% OF THE AVERAGE MARKET VALUE OF THE ASSETS AS OF THE END OF THE PREVIOUS TWELVE QUARTERS.