2019-07-15T13:01:55-05:00 2018-08-31 205991824 SC&H TAX & ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2017-09-01 520629696 BALTIMORE SYMPHONY ORCHESTRA INC BALT 4107838100 1212 CATHEDRAL STREET BALTIMORE MD 212015517 SARAH BECKWITH CFO 4107838095 2019-07-11 1 LORI S BURGHAUSER P00370694 4104031500 2019-07-11 50.206.141.66 2019-07-11 14:23:16 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D598169B7B70477E3779F4FD99F3BFF6A447919F 2017 2019-02-21 02:37:17Z PETER T KJOME 1212 CATHEDRAL STREET BALTIMORE MD 212015517 28477897 0 X WWW.BSOMUSIC.ORG X 1942 MD PROVIDING SYMPHONIC CONCERTS, CULTURAL AND EDUCATIONAL. 35 34 470 350 0 33674 15843986 17896072 8833853 9726020 6681 -1166 165920 161229 24850440 27782155 0 0 0 0 17692592 18034304 83373 64634 1335115 10162064 10428682 27938029 28527620 -3087589 -745465 8240355 9149778 23506235 25044874 -15265880 -15895096 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 25446407 9726020 PROVIDES SYMPHONIC CONCERTS, CULTURAL AND EDUCATION PRESENTATIONS, CULTURAL AND EDUCATIONAL RENTALS, BROADCASTING AND RECORDING. 25446407 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 256 0 470 1 1 1 0 0 0 0 1 1 0 0 0 0 X 35 34 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 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 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 MR FRANK CAMPBELL BOARD MEMBER (PART YEAR) 2.00 0.00 X 0 0 0 MS KELLY CANTLEY BOARD MEMBER 2.00 0.00 X 0 0 0 MS CONSTANCE R CAPLAN BOARD MEMBER (PART YEAR) 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 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 R FELDMAN BOARD MEMBER (PART YEAR) 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 CHRISTIAN JOHANSSON BOARD MEMBER 2.00 0.00 X 0 0 0 MR ROBERT C KNOTT BOARD MEMBER 2.00 0.00 X 0 0 0 DR SUNIL KUMAR BOARD MEMBER 2.00 0.00 X 0 0 0 DR MARSHALL A LEVINE BOARD MEMBER 2.00 0.00 X 0 0 0 MS AVA LIAS-BOOKER ESQ BOARD MEMBER 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 2.00 0.00 X 0 0 0 MS VALENCIA MCCLURE 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 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 2.00 0.00 X 0 0 0 HON JAMES T SMITH JR BOARD MEMBER (PART YEAR) 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 2.00 0.00 X 0 0 0 MR GREGORY W TUCKER BOARD MEMBER 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 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 235083 0 25486 MS SARAH BECKWITH VICE PRESIDENT AND CFO 34.00 1.00 X 141908 0 25370 MR JONATHAN CARNEY CONCERT MASTER 35.00 0.00 X 286542 0 24566 MS MARIN ALSOP MUSIC DIRECTOR 35.00 0.00 X 274232 0 24830 MR JAMES KELLEY III VICE PRESIDENT OF DEVELOPMENT 35.00 0.00 X 199339 0 5854 MS RAQUEL WHITING-GILMER EXECUTIVE DIRECTOR ORCHKIDS 35.00 0.00 X 177587 0 5590 MS KATHERINE NEEDLEMAN PRINCIPAL OBOIST 35.00 0.00 X 152233 0 35604 1466924 0 147300 26 0 1 0 PLANIT 1414 KEY HIGHWAY SUITE 100 BALTIMORE MD 21230 MARKETING 887624 MARIN ALSOP CO OPUS 3 ARTISTS LLC 470 PARK AVE SOUTH 9TH FLOOR NEW YORK NY 10016 CONDUCTOR 627500 MOUNT ROYAL PRINTING CO INC 6310 BLAIR HILL LANE BALTIMORE MD 21209 PRINTING 236451 MOGO MARKETING AND MEDIA INC 21 TAMAL VISTA BOULEVARD SUITE 207 CORTE MADERA CA 94925 MARKETING 166978 CES SECURITY INC 115 MCHENRY AVENUE BALTIMORE MD 21208 SECURITY 154717 8 699912 3837682 4324140 9034338 630375 17896072 CONCERT INCOME 711130 9236834 9236834 BSYO TUITION REVENUE 711130 273351 273351 OTHER PROGRAM SERVICE REVENUE 711130 215835 215835 9726020 506513 241007 265506 265506 265506 1166 -1166 -1166 -1166 209068 699912 453569 -244501 -244501 CONCESSIONS 722210 140224 140224 140224 27782155 9726020 0 160063 X 470436 141131 235218 94087 13645014 12722095 303623 619296 885543 850290 35253 1999124 1864531 67794 66799 1034187 934438 52095 47654 48932 48932 37093 37093 20570 20570 64634 64634 3570523 3375145 97470 97908 1758496 1696481 62015 246370 137457 102414 6499 279289 34710 244579 1626021 1626021 1045057 1020951 3966 20140 150135 150135 125161 125161 214358 12625 201733 OTHER EXPENSES 571591 219111 144707 207773 EQUIPMENT HAULING 310862 310862 EQUIPMENT RENTAL 225841 225841 CREDIT CARD FEES 198383 149557 516 48310 28527620 25446407 1746098 1335115 600 600 960334 1377065 2529249 2716321 553449 625380 874893 1051708 2822145 2294780 354980 527365 2966850 2851339 8240355 9149778 3701068 4717348 5555822 6005039 2960000 2590000 11289345 11732487 23506235 25044874 X -17446682 -18193345 2180802 2298249 -15265880 -15895096 8240355 9149778 X -745465 116249 X X 0 1 X 1 0 X 15772802 14729386 14921566 15843986 17896072 79163812 15772802 14729386 14921566 15843986 17896072 79163812 1021193 78142619 1005622 860063 972432 545908 506513 3890538 639691 272100 463213 411721 349292 2136017 85190367 51288206 0.91730 0.92630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONCESSIONS AND OTHER - 2013 AMOUNT: $ 639,691. 2014 AMOUNT: $ 110,489. 2015 AMOUNT: $ 168,996. 2016 AMOUNT: $ 149,527. 2017 AMOUNT: $ 140,224. FUNDRAISING - 2014 AMOUNT: $ 161,611. 2015 AMOUNT: $ 294,217. 2016 AMOUNT: $ 262,194. 2017 AMOUNT: $ 209,068. 20570 20570 28507050 28527620 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 18437 18282 20623 20570 77912 250000 250000 250000 250000 1000000 1500000 18437 18282 20623 20570 77912 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 62317116 1136019 8763791 3000697 1501059 67715170 0.00000 0.99340 0.00660 0 1 1 8015 7469 546 2814130 2287311 526819 527365 DUE FROM AFFILIATES 2851339 2851339 ACCRUED PENSION COSTS 6630675 DUE TO AFFILIATES 5101812 11732487 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. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE PERFORMANCE OF ORCHESTRA CONCERTS 1356142 0 0 0 0 0 0 1356142 0 1356142 0 0 0 0 0 0 X X X X X X X 1 DCM INC 330 WEST 38TH STREET SUITE 207 NEW YORK NY 10018 TELEFUNDING 0 102156 64634 37522 102156 64634 37522 MD VA PA NJ GALA 908980 699912 209068 110056 123397 144740 75376 908980 699912 209068 110056 123397 144740 75376 453569 -244501 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE ORGANIZATION USED A PROFESSIONAL FUNDRAISER DURING THE FISCAL YEAR 2018 TO PROVIDE GENERAL FUNDRAISING SERVICES FOR BSO. X X X 0 1 0 0 0 0 0 0 0 MR PETER KJOME PRESIDENT AND CEO 227956 0 0 0 7127 0 18000 0 7486 0 260569 0 0 0 MS SARAH BECKWITH VICE PRESIDENT AND CFO 141770 0 0 0 138 0 0 0 25370 0 167278 0 0 0 MR JONATHAN CARNEY CONCERT MASTER 286284 0 0 0 258 0 5094 0 19472 0 311108 0 0 0 MS MARIN ALSOP MUSIC DIRECTOR 273836 0 0 0 396 0 0 0 24830 0 299062 0 0 0 MR JAMES KELLEY III VICE PRESIDENT OF DEVELOPMENT 199279 0 0 0 60 0 0 0 5854 0 205193 0 0 0 MS RAQUEL WHITING-GILMER EXECUTIVE DIRECTOR ORCHKIDS 177497 0 0 0 90 0 0 0 5590 0 183177 0 0 0 MS KATHERINE NEEDLEMAN PRINCIPAL OBOIST 152179 0 0 0 54 0 5075 0 30529 0 187837 0 0 0 PART II, LINE 4, DISCLOSURE INFORMATION OPUS 3 ARTISTS, LLC A COMPANY THAT MANAGES DISTINGUISHED PERFORMING ARTISTS, WAS PAID $627,500, AS AN INDEPENDENT CONTRACTOR FOR MARIN ALSOP'S INDEPENDENT SERVICES OUTSIDE OF HER COMPENSATION AGREEMENT WITH THE BSO. LINE 4B: THE FOLLOWING PARTICIPATED IN BSO'S 457(F) PLAN: PETER KJOME $7,000 X 51 355375 FMV X VIOLIN 1 275000 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 TOP MANAGEMENT, OFFICERS AND KEY EMPLOYEES. THE METHODS EMPLOYED AS DESCRIBED ABOVE WILL BE USED ON A CONSISTENT BASIS TO DETERMINE A REASONABLE WAGE FOR EACH POSITION. 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 884,728. MANAGEMENT AND GENERAL EXPENSES 97,470. FUNDRAISING EXPENSES 97,908. TOTAL EXPENSES 1,080,106. CONDUCTORS & GUEST ARTISTS: PROGRAM SERVICE EXPENSES 2,490,417. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,490,417. FORM 990, PART XI, LINE 9: PENSION RELATED CHANGES INCLUDING NET PERIODIC PENSION COSTS 116,249. 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 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 BALTIMORE SYMPHONY ENDOWMENT TRUST C 3837682 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST E 5101812 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST O 458781 FMV BALTIMORE SYMPHONY ENDOWMENT TRUST Q 42748 FMV