2018-05-15T15:36:34-05:00 2017-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2016-07-01 050267451 RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL RHOD 4012487070 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 4012487070 2018-05-15 1 DEBORAH A HOPKINS P00167843 4012742001 2016 2022-09-23 18:48:47Z DAVID BEAUCHESNE 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 6294051 0 X WWW.RI-PHILHARMONIC.ORG X 1944 RI TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 36 36 325 85 0 0 4661611 1721048 2870500 2930079 181690 308546 -87900 -21498 7625901 4938175 0 0 0 0 3199981 3283136 0 0 254647 2226747 2269033 5426728 5552169 2199173 -613994 17203404 15709875 6322427 5283639 10880977 10426236 X THE ONLY PROFESSIONAL ORCHESTRA, THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL AND THE SECOND LARGEST NOT FOR PROFIT ARTS ORGANIZATION IN RHODE ISLAND, THE PHILHARMONIC SEEKS TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 0 0 2144306 1187510 THE RHODE ISLAND PHILHARMONIC ORCHESTRA PROGRAM HIGHLIGHTS FOR 2016-2017:- WITH OVER 325 MUSIC PERFORMING AND TEACHING ARTISTS ON PAYROLL, WE ARE THE LARGEST EMPLOYER OF MUSICIANS IN THE STATE, CONTRIBUTE OVER $11 MILLION IN ECONOMIC ACTIVITY AND GENERATE MORE THAN $500,000 IN TAX REVENUE FOR RHODE ISLAND; - WORKED TO CONTINUE ACHIEVING OUR STRATEGIC PLAN FOR FY2016-17 BY REDUCING OUR BUILDING AND OPERATING DEBT, IMPROVED RATIOS, INCREASED UTILIZATION AND IMPACT OF EXISTING ORCHESTRA AND MUSIC SCHOOL PROGRAMS. CONTINUED WITH MARKET RESEARCH FOR THE MUSIC SCHOOL AND INCREASED ENROLLMENTS THROUGHOUT THE YEAR, ACHIEVING OUR STRATEGIC GOALS FOR THE SCHOOL.- PRODUCED A GALA CONCERT AND DINNER IN MARCH DESPITE THE LAST MINUTE CANCELLATION OF THE GUEST ARTIST LANG LANG. 1941597 1742569 THE RI PHILHARMONIC MUSIC SCHOOL IS THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL IN RHODE ISLAND AND ENCOURAGES LIFELONG ENGAGEMENT WITH MUSIC THROUGH COMPREHENSIVE MUSIC EDUCATION AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY ORCHESTRA MEMBERS AND OTHER OUTSTANDING FACULTY. WE PRIORITIZE ARTISTRY AND EDUCATION EQUALLY. WE IMPLEMENTED VICTORIA'S DREAM PROJECT WHICH BRINGS VIOLIN LESSONS TO 3RD AND 4TH GRAE STUDENTS IN LOW INCOME ELEMENTARY SCHOOLS. STUDENTS ARE BEING EXPOSED TO INSTRUMENTS, LEARNIN TO READ MUSIC AND PLAYING WITH OTHERS. AS THIS PROGRAM CONTINUES, WE HOPE TO HAVE THESE STUDENTS PARTICIPATE IN OUR YOUTH ORCHESTRAS. OVER 22,000 CHILDREN IN OUR REGION WERE BROUGHT THE GIFT OF MUSIC, INCLUDING 13,000 3RD, 4TH, AND 5TH GRADERS WHO PARTICIPATED IN OUR LINK UP PROGRAMMING, WHILE OUR MUSIC THERAPY PROGRAM SERVED OVER 500 YOUTH STATEWIDE. THE ORCHESTRA CONCLUDED THE SEASON WITH THE FINAL PERFORMANCE BY OUR CONDUCTOR AND MUSIC DIRECTOR, LARRY RACHLEFF, WHO RETIRED FROM THIS POST TO SPEND MORE TIME WITH HIS FAMILY. WE ARE CURRENTLY DOING A NATIONWIDE SEARCH TO FIND OUR NEW MUSIC DIRECTOR. 4085903 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 38 0 325 1 0 0 0 0 0 1 1 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 RI X DONNA CHACE-LARSON DIRECTOR OF FIN 4012487070 667 WATERMAN AVE EAST PROVIDENCE RI 02914 ROBERT NAPARSTEK PRESIDENT 2.00 X X 0 0 0 ROBERT MANNING TREASURER 2.00 X X 0 0 0 BARBARA DREYER SECRETARY 2.00 X X 0 0 0 KAREN PELCZARSKI GENERAL COUNSEL 2.00 X X 0 0 0 RAYMOND F MURPHY JR OVERSEERS CHAIR 2.00 X X 0 0 0 WILLIAM J ASH DIRECTOR 2.00 X 0 0 0 MARJORIE CATANZARO DIRECTOR 2.00 X 0 0 0 LISA CHURCHVILLE DIRECTOR 2.00 X 0 0 0 PETER COSTA DIRECTOR (TO 9/16) 2.00 X 0 0 0 SEAN DAGESSE DIRECTOR 2.00 X 0 0 0 RONALD DELELLIS DIRECTOR 2.00 X 0 0 0 LINDA DIEBOLD DIRECTOR 2.00 X 0 0 0 ROBERT M FETZER DIRECTOR 2.00 X 0 0 0 DAVID M GILDEN DIRECTOR (TO 9/16) 2.00 X 0 0 0 SUZANNE GILSTEIN DIRECTOR 2.00 X 0 0 0 MARK GIM DIRECTOR 2.00 X 0 0 0 AMY M GOLDSTEIN DIRECTOR 2.00 X 0 0 0 ROBERT J GRANT DIRECTOR 2.00 X 0 0 0 MALCOLM GRIGGS DIRECTOR 2.00 X 0 0 0 ALMON HALL DIRECTOR 2.00 X 0 0 0 PAUL KAPPEL DIRECTOR 2.00 X 0 0 0 ETHAN HILLARY KISCH DIRECTOR 2.00 X 0 0 0 MARIE J LANGLOIS DIRECTOR 2.00 X 0 0 0 SEAN LYNCH DIRECTOR 2.00 X 0 0 0 LINDA MAAIA DIRECTOR 2.00 X 0 0 0 CAROLL MEDEIROS DIRECTOR 2.00 X 0 0 0 CONSTANCE R PEMMERL DIRECTOR (TO 9/16) 2.00 X 0 0 0 MARIE PETRARCA DIRECTOR 2.00 X 0 0 0 HERB RAKATANSKY DIRECTOR 2.00 X 0 0 0 ANNE SAGE DIRECTOR 2.00 X 0 0 0 SHANNON SHALLCROSS DIRECTOR 2.00 X 0 0 0 ANNE SZOSTAK DIRECTOR 2.00 X 0 0 0 DAVID VON HEMERT DIRECTOR 2.00 X 0 0 0 DAVID WINOKER DIRECTOR 2.00 X 0 0 0 DELBERT GLOVER DIRECTOR (AS OF 3/17) 2.00 X 0 0 0 KAREN A PELCZARSKI DIRECTOR (AS OF 9/17) 2.00 X 0 0 0 KAREN GRANDE DIRECTOR (AS OF 9/16) 2.00 X 0 0 0 ROSALYN K SINCLAIR DIRECTOR (AS OF 9/17) 2.00 X 0 0 0 STEVEN SNOW DIRECTOR (AS OF 1/17) 2.00 X 0 0 0 LOIS FINKEL EX-OFFICIO DIRECTOR 2.00 X 0 0 0 SUSAN CULPO EX-OFFICIO DIRECTOR 2.00 X 0 0 0 DAVID J BEAUCHESNE EXECUTIVE DIRECTOR 55.00 X 169653 0 0 DONNA CHACE-LARSON DIRECTOR OF FINANCE 40.00 X 93426 0 10951 LARRY RACHLEFF MUSIC DIRECTOR 40.00 X 167029 0 0 430108 0 10951 2 0 1 0 0 232983 108062 1380003 100563 1721048 MUSIC SCHOOL 611600 1742569 1742569 ORCHESTRA CONCERTS 711130 1187510 1187510 2930079 109705 109705 1398229 1199388 198841 198841 198841 134990 232983 156488 -21498 -21498 4938175 2930079 0 287048 415816 188397 128801 98618 2433857 2202134 189366 42357 187426 136500 22098 28828 246037 212317 22286 11434 30450 30450 43465 43465 210548 165663 31385 13500 115778 115678 100 241296 186689 39737 14870 421447 227737 185148 8562 82613 81442 1113 58 124409 124409 356233 356233 53235 25963 26895 377 GUEST ARTISTS 248632 228024 20608 SCHOLARSHIPS AND DISCOU 205677 205677 COMMISSIONS 48675 48675 MISCELLANEOUS 28589 13400 3775 11414 57986 47607 6458 3921 5552169 4085903 1211619 254647 2420862 1100596 1914963 1439130 70833 107613 202169 214460 10467481 3396364 7281861 7071117 4972520 5409863 340196 367096 17203404 15709875 144193 258896 743234 709743 5285000 4120000 150000 195000 6322427 5283639 X 5560464 5289981 2506067 2265640 2814446 2870615 10880977 10426236 17203404 15709875 -613994 159253 0 X 0 1 X 1 0 X 2397406 3342607 2415954 4661611 1721048 14538626 2397406 3342607 2415954 4661611 1721048 14538626 1477149 13061477 81860 101466 104442 106866 109705 504339 15042965 14145382 0.86830 0.89380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4567110 56169 352707 209880 4766106 4656539 10900 116126 216455 4567110 4179278 489099 179163 191001 4656539 4010895 3304 437555 272476 4179278 3007249 831440 287549 115343 4010895 0.31260 0.60230 0.08510 0 0 818164 818164 8571843 2554951 6016892 1077474 841413 236061 7071117 X 5063915 159253 9952 169205 4894710 43465 43465 4938175 5518656 9952 9952 5508704 43465 43465 5552169 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT THE PHILHARMONIC IN SEVERAL WAYS, THROUGH A DRAW OF NOT MORE THAN 5% OF THE FUNDS FAIR VALUE ON A TWELVE QUARTER TRAILING AVERAGE. RESTRICTED FUNDS EXIST FOR THE SUPPORT OF THE PHILHARMONIC ORCHESTRA, INCLUDING ENDOWED POSITIONS; THE PHILHARMONIC MUSIC SCHOOL SCHOLARSHIPS; FOR SUPPORT OF THE PHILHARMONIC YOUTH ORCHESTRA; FOR GENERAL OPERATIONS AND FOR SEVERAL OTHER NAMED FUNDS. ALL USE IS MONITORED BY AN INVESTMENT COMMITTEE OF THE ORGANIZAION'S BOARD, AS WELL AS THE BOARD'S FINANCE COMMITTEE. PART X, LINE 2: THE PHILHARMONIC IS A NOT FOR PROFIT CHARITABLE ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE PHILHARMONIC OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE PHILHARMONIC ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATIONS EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE PHILHARMONIC CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. GALA 367973 232983 134990 13465 26011 88982 28030 367973 232983 134990 13465 26011 88982 28030 156488 -21498 X X X 0 0 0 0 0 0 0 0 0 DAVID J BEAUCHESNE EXECUTIVE DIRECTOR 169653 0 0 0 0 0 0 0 0 0 169653 0 0 0 LARRY RACHLEFF MUSIC DIRECTOR 167029 0 0 0 0 0 0 0 0 0 167029 0 0 0 A RI ECONOMIC DEVELOPMENT CORPORATION 762236CN5 2008-03-01 7000000 ACQUISITION AND RENOVATION OF CARTER CENTER FOR MUSIC & PERFORMANCE 0 0 0 A 7000000 176470 6823530 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 1323 100563 STOCK EXCHANGE VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWED THE DRAFT 990 AND RECOMMENDED APPROVAL TO THE BOARD OF DIRECTORS PRIOR TO FILING. ALL MEMBERS OF THE BOARD WERE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND THE EXECUTIVE DIRECTOR SIGN AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ANNUALLY, UPDATING FOR ANY CHANGES. IF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARISE, THE BOARD OF DIRECTORS EVALUATES AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS, DISCUSSES, AND APPROVES COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND OTHER TOP MANAGEMENT PERSONNEL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.