2018-06-29T13:57:06-07:00 2017-08-31 990 2016-09-01 042103550 BOSTON SYMPHONY ORCHESTRA INC BOST 6172661492 301 Massachusetts Avenue Boston MA 02115 Evelyn Barnes Chief Financial Officer 6176389211 2018-06-28 2016 2022-09-23 18:48:47Z Mark Volpe 301 Massachusetts Avenue Boston MA 02115 196292377 0 X www.bso.org X 1918 MA The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 36 35 1271 1314 1589137 332543 32924905 33247405 41425137 42045335 5454816 4670818 4933932 5204199 84738790 85167757 0 0 0 0 53598362 56975135 0 0 8578215 45737799 46655258 99336161 103630393 -14597371 -18462636 558309675 590620270 99319054 83582303 458990621 507037967 The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 0 0 71423174 0 40454139 Orchestra Music Programs: Through three distinct components-the Boston Symphony, the Boston Pops, and Tanglewood-the BSO offers some 320 concerts each year and reaches more than 1.2 million audience members. Internationally recognized as one of the finest orchestras, the BSO is also one of the world's largest orchestras as measured by scope of operations and the fourth-largest performing arts institution in the U.S. In 2016-2017, the BSO welcomed close to 187,000 patrons to Symphony Hall for its winter season, 215,000 for its Holiday and Spring Pops seasons, 345,500 for the Tanglewood season in Lenox, MA, and 452,500 to educational and community concerts held at Symphony Hall, Tanglewood, and at Boston's Esplanade. Select highlights include: the orchestra's receipt of a second consecutive best orchestral performance Grammy Award for "Shostakovich Under Stalin's Shadow," a recording series with Music Director Andris Nelsons, the BSO, and Deutsche Grammophon; performances of Strauss's Der Rosenkavalier with soprano Renée Fleming; Emmanuel Ax's personally curated series of five programs at Tanglewood, Schubert's Summer Journey; a Boston Pops tribute to the iconic film composer and Boston Pops Conductor Laureate John Williams; and the first Boston Pops Fourth of July Spectacular to be managed entirely by the BSO. 5783455 0 640924 Education:Education and community programs are integral to the BSO's mission and are delivered via two avenues: 1) The Tanglewood Music Center (TMC), BSO's summer academy for rising professional musicians; and 2) Education and Community Engagement Department programs for individuals of all backgrounds. The TMC serves as a bridge from the conservatory to the professional world, where promising young musicians gain access to some of the world's finest professionals and are primed for successful performing careers. The TMC also functions as a think tank for faculty, who are encouraged to explore uncharted directions in composition, conducting, and collaboration to advance and influence the field. The principal areas of study and performance at the TMC are orchestral and chamber music, with an emphasis on contemporary music, vocal repertoire from art song to opera, composition, and conducting. In 2017, the TMC provided 143 of the world's most promising young musicians (representing 30 states and 18 countries) the opportunity to engage in intensive, performance-oriented work with BSO musicians, resident and guest faculty members, and visiting guest artists. TMC students presented 26 concerts of orchestral, vocal, and chamber works throughout the summer. Education and community engagement programs reached more than 32,000 students, teachers, and families, many of whom come from low-income communities in the Greater Boston area. Highlights include: 1) Youth and Family Concerts: more than 24,000 tickets distributed for 14 concerts (including Open Rehearsals, Tanglewood Family Concert, and BYSO concerts). 1,200 Boston Public School students received free tickets to Youth Concerts, and all children under the age of 18 attended Family Concerts for free. 2) Community Chamber Concerts: approximately 2,700 in attendance. BSO musicians perfomed free concerts led post-concert discussions at Northeastern University and in 10 communities limited in access by distance or economics. 3) Symphony for Our City: Symphony for Our City partnered with 12 nonprofit organizations in Greater Boston to provide 768 free tickets to three BSO, Pops, and Tanglewood performances. Concert attendees also met with Andris Nelsons post-performance. 4) Days in the Arts (DARTS): 389 students reached. Thanks to generous tuition subsidies, students from urban, suburban, and rural communities gained a confidence-building introduction to the arts and inclusion in a diverse, supportive community. 1554564 0 1702251 Historic Preservation and Conservation and Facility Rental: The BSO's two main properties, Symphony Hall and Tanglewood, carry historical significance and represent popular sites supporting the Massachusetts tourist industry. Symphony Hall's acoustic qualities have earned it a place among the top three concert auditoriums in the world, a fact underscored by the hall's 1999 designation as a National Historic Landmark. Symphony Hall resonates with more than a century of performances by key artists spanning the history of classical music. In addition to BSO performances, the hall functions as a key performance venue for a number of local, national, and international ensembles and presenters, including the Handel & Haydn Society, the Celebrity Series of Boston, and the Boston Youth Symphony Orchestras. The hall has a 2625 seat capacity. Located in the Berkshire hills of Lenox, Massachusetts and established in 1936 by then-Music Director Serge Koussevitzky, Tanglewood is the summer performance home of the BSO. Tanglewood annually attracts more than 300,000 visitors and presents ten weeks of diverse programming, including concerts from the BSO, the Tanglewood Music Center, and the Pops. Tanglewood spans more than 500 acres and remains open to the public year-round, much like a state park. 23 buildings reside on the grounds, including two performance venues: the Koussevitzky Music Shed and Seiji Ozawa Concert Hall. Built in 1938, the Koussevitzky Music Shed is a seasonal hall open on three sides with 5,121 seats and additional seating for more than 10,000 on the adjacent lawn. All BSO and visiting orchestra concerts are performed in the shed. Opened in 1994, Seiji Ozawa Hall is a brick and wood structure that provides a venue for chamber music performances and serves as the headquarters of the Tanglewood Music Center. It seats up to 750 audience members on the orchestra level and an additional 450 in the two balconies, as well as hundreds more on the adjacent lawn. In 2017 at Symphony Hall, in addition to minor repairs, renovations, and improvements throughout the hall the BSO undertook the complete replacement of the hall's chiller system. At Tanglewood, activity centered on preparations for construction of a new facility-the largest construction project at Tanglewood since construction of Seiji Ozawa Hall-the Tanglewood Music Center/Tanglewood Learning Institute complex. 545530 0 199576 Electronic Media: The BSO delivers its music not only to its live and in-house audiences but also to the millions who tune in via record, radio broadcast, and digital media. Live local broadcasts of BSO concerts continued to be featured on 99.5 Classical New England (a subsidiary of public radio station WGBH), streamed live via the WGBH website, and a few days following, via the BSO Media Center at www.bso.org/media. Online engagement continued to broaden the BSO's reach worldwide, with 2 million unique users visiting the BSO's website. BSO Media Center content was widely accessed as well: users streamed 68,000 podcasts and 18,000 concert recordings. The BSO's social media following continues to grow; as of September 2017, Facebook followers totaled more than 238,000 (BSO, Pops, and Tanglewood) and Twitter followers totaled more than 62,000 (BSO, Pops, and Tanglewood). The archives department broke ground on providing streaming audio access on its public archives database, HENRY, with a collection of Tanglewood Music Center audio recordings. 128571 0 198967 Merchandise Sales: The Boston Symphony operates retail shops at both Symphony Hall and Tanglewood. These shops sell recordings of the BSO and other featured performers, books, music, posters and clothing and other items that serve to promote and disseminate the name and music of the Boston Symphony, Boston Pops and Tanglewood. 674101 0 398543 79435294 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 466 0 1 1271 1 1 1 0 0 0 0 1 1 0 0 0 0 X 36 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA NJ NY X Evelyn Barnes 6176389211 301 Massachusetts Avenue Boston MA 02115 X X William F Achtmeyer Chair 2 X X 0 0 0 David Altshuler Trustee 2 X 0 0 0 George D Behrakis Vice-Chair 2 X X 0 0 0 Paul Buttenwieser President 2 X X 0 0 0 Ronald G Casty Trustee 2 X 0 0 0 Susan Bredhoff Cohen Trustee 2 X 0 0 0 Richard F Connolly Jr Trustee 2 X 0 0 0 Cynthia Curme Trustee 2 X 0 0 0 Alan J Dworsky Trustee 2 X 0 0 0 William R Elfers Trustee 2 X 0 0 0 Thomas E Faust Jr Trustee 2 X 0 0 0 Levi A Garraway Trustee 2 X 0 0 0 Michael Gordon Trustee 2 X 0 0 0 Brent L Henry Trustee 2 X 0 0 0 Susan Hockfield Trustee 2 X 0 0 0 Barbara W Hostetter Trustee 2 X 0 0 0 Stephen Kay Trustee 2 X 0 0 0 Edmund Kelly Trustee 2 X 0 0 0 Joyce G Linde Trustee 2 X 0 0 0 John M Loder Trustee 2 X 0 0 0 Nancy K Lubin Trustee 2 X 0 0 0 Joshua A Lutzker Trustee 2 X 0 0 0 Carmine A Martignetti Vice-Chair 2 X X 0 0 0 Robert J Mayer MD Trustee 2 X 0 0 0 Susan W Paine Trustee 2 X 0 0 0 Steven R Perles Trustee 2 X 0 0 0 John Reed Trustee 2 X 0 0 0 Carol Reich Trustee 2 X 0 0 0 Arthur I Segel Trustee 2 X 0 0 0 Wendy Shattuck Trustee 2 X 0 0 0 Theresa M Stone Treasurer 2 X X 0 0 0 Caroline Taylor Trustee 2 X 0 0 0 Stephen R Weber Trustee 2 X 0 0 0 Roberta S Weiner Trustee 2 X 0 0 0 Robert C Winters Trustee 2 X 0 0 0 D Brooks Zug Trustee 2 X 0 0 0 Mark Volpe Managing Director 50 1 X 992338 0 67005 Thomas D May Chief Financial Officer 50 1 X 298082 0 32995 Bart Reidy Clerk of the Board 50 X 240738 0 57212 Kim Noltemy Chief Operating and Communications Officer 50 X 290715 0 63730 Malcolm Lowe Concertmaster 40 X 503627 0 28408 John A Ferrillo Jr Principal Oboe 40 X 474426 0 67877 Thomas C Rolfs Jr Principal Trumpet 40 X 276415 0 73902 Steven Ansell Principal Viola 40 X 267956 0 65177 Timothy Genis Timpanist 40 X 260071 0 30671 3604368 0 486977 145 0 1 0 Andris Nelsons Konzertdirektion Schmid 40 St Martins Lane London UK UK WC2N 4ER Services of A. Nelsons 1395161 Tisbury Tours Inc 2000 Avenue of the Stars C/O Creative Artists Agency Los Angeles CA 90067 Perform concerts 1154486 Isole Inc 252 Kent Street Brookline MA 02446 Services of K. Lockhart 705795 Opus 3 Artists LLC 470 Park Ave South New York NY 10016 Manager of Performance Artists 605500 Universal Protection Service LP PO Box 828854 Philadelphia PA 19182 Contracted security 603003 25 0 0 3393613 0 447649 29406143 7372546 33247405 Concerts & tours 900099 40454139 40454139 0 0 Program advertising 511190 750696 0 750696 0 Education 900099 640924 640924 0 0 Electronic Media 900099 199576 199576 0 0 0 0 0 0 42045335 3125796 0 0 3125796 0 0 0 0 0 0 0 0 4656840 0 1575294 0 3081546 0 3081546 1702251 0 1379295 109276000 0 107730978 0 1545022 0 1545022 0 451072 1093950 283162 3393613 1103329 -820167 0 -820167 1313704 715019 598685 211316 387369 0 Food & beverage 900099 2344135 0 0 2344135 0 0 0 0 2344135 85167757 43208206 1589137 7123009 X 0 0 0 0 0 0 0 0 2042815 1744865 297950 0 0 0 0 39660362 30579185 5877767 3203410 6586631 4527002 1475093 584536 5862262 3440576 1734703 686983 2823065 1602132 874579 346354 75000 75000 0 0 180547 0 180547 0 139575 0 139575 0 52416 52416 0 0 2078670 2078670 0 0 16256657 15499068 756334 1255 3785789 3426742 89408 269639 2285158 1651619 172803 460736 1414983 337473 699426 378084 27626 27626 0 0 3446518 2688284 482513 275721 5845440 5377861 242377 225202 0 0 0 0 803488 286883 92979 423626 160057 148853 4802 6402 0 0 0 0 5507316 4158780 850761 497775 210530 16518 194012 0 Concert production expenses 1343673 1339333 4340 0 Credit card fees 838090 755527 0 82563 2203725 1418162 0 785563 103630393 79435294 15616884 8578215 11258433 16553036 7222568 1194149 24918453 20114558 1932247 1983622 27814 11639 480496 516001 2805034 2566978 145611711 86638448 53584419 58973263 68578142 79451061 350822612 369764805 36679457 39491158 558309675 590620270 10431414 12124112 10616592 10232210 10000000 10000000 68271048 51225981 99319054 83582303 X 44513076 66988464 203299391 223097791 211178154 216951712 458990621 507037967 558309675 590620270 X -18462636 48241740 0 0 0 18268242 X 0 1 X 1 0 X 35806641 29175439 41549636 32924905 33247404 172704025 0 0 0 0 0 0 0 0 0 0 0 0 35806641 29175439 41549636 32924905 33247404 172704025 8865318 163838707 3046527 4407284 4575437 4818637 6080385 22928270 199946 595756 1043977 590247 332543 2762469 0 0 0 0 0 0 198394764 199279803 0.82582 0.82414 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 52416 0 0 52416 0 Schedule C, Part II-B, Line 1 The lobbying activities of the BSO address issues such as state funding and proposed legislation related to historic preservation, tourism, transportation, infrastructure, and education all in the context of the arts and nonprofit organizations. A small allocation of the salary of one employee who engages in lobbying activities on the issues noted above is included in the amount reported. Also, the fee from one consulting firm that has been retained to provide government relations consulting services on the issues noted above is included in the amount reported. 446379000 9932000 51052000 0 29612000 0 477751000 450319000 7724000 18448000 0 30112000 0 446379000 474899000 8892000 -13587000 0 19885000 0 450319000 421650000 18200000 59358000 0 24309000 0 474899000 379963000 21780000 36543000 0 16636000 0 421650000 0.1455 0.4355 0.419 1 1 1 0 6749799 6749799 0 85017471 54860361 30157110 0 0 0 0 0 38811121 26272215 12538906 0 15033320 5505872 9527448 58973263 Marketable Alternatives 298926960 F Illiquid Equities 17844430 F Real Assets 17545230 F Commingled Funds 15207289 F Real Estate 12008492 F Investment in 263 HA Limited Partnership 8232404 F 369764805 Assets Held by Others 28534839 Assets of Split Interest Agreements 10956319 39491158 Accrued Liability for Pension & Post Retirement 51225981 51225981 X 133503268 48241740 756426 0 700996 49699162 83804106 2078670 -715019 1363651 85167757 103023168 756426 0 0 715019 1471445 101551723 2078670 0 2078670 103630393 Schedule D, Part V, Line 4 The purpose of the endowment is to provide enduring support for the mission of the Orchestra by releasing a substantial and reliable flow of funds to the operating budget. The income earned on the Orchestra's endowment assets may be used for the general or donor-restricted purposes and is recorded as unrestricted net assets or temporarily restricted net assets, as appropriate. Schedule D, Part VI, Line 1e Other includes land improvements and related depreciation and construction in progress. Schedule D, Part VII, Line 3 The investment in 263 HA Limited Partnership is valued at net cost plus accumulated earnings reduced by distributions to the BSO. Schedule D, Part X, Line 2 The Orchestra accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Orchestra has identified its tax status as a tax exempt entity and its determinations relative to income that is considered related and unrelated as its only significant tax positions; however, the Orchestra has determined that such tax positions do not result in an uncertainty requiring recognition. The Orchestra is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for the past three years following the date filed by the appropriate tax authorities. Schedule D, Part XI, Line 2d Change in value of split interest agreements. Schedule D, Part XI, Line 4b Cost of goods sold. Schedule D, Part XII, Line 2d Cost of goods sold. North America (including Canada and Mexico, but not the United States) 0 0 Program Services Concert Tour 297978 Central America and the Caribbean 0 0 Investments 74169210 0 0 74467188 1 0 1 1 1 0 Opening Gala 1535699 1424727 110972 0 0 0 79062 81649 143424 Corporate Event 981490 931468 50022 0 0 0 80313 35424 92206 6 1159586 1037418 122168 0 0 0 165086 3459 422706 3676775 3393613 283162 0 0 0 324461 120532 658336 1103329 -820167 X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Mark Volpe Managing Director 682442 0 0 0 309896 0 34539 0 32466 0 1059343 0 Thomas D May Chief Financial Officer 295065 0 0 0 3017 0 7950 0 25045 0 331077 0 Kim Noltemy Chief Operating and Communications Officer 290265 0 0 0 450 0 30540 0 33190 0 354445 0 Bart Reidy Clerk of the Board 240498 0 0 0 240 0 28699 0 28513 0 297950 0 John A Ferrillo Jr Principal Oboe 286642 0 0 0 187784 0 35078 0 32799 0 542303 0 Malcolm Lowe Concertmaster 452722 0 25000 0 25906 0 0 0 28408 0 532036 0 Thomas C Rolfs Jr Principal Trumpet 256094 0 0 0 20322 0 34854 0 39048 0 350318 0 Steven Ansell Principal Viola 247534 0 0 0 20422 0 32478 0 32699 0 333133 0 Timothy Genis Timpanist 222969 0 0 0 37102 0 28693 0 1978 0 290742 0 Schedule J, Part I, Line 1a 1) In connection with the business needs of the Boston Symphony Orchestra (BSO), charter travel is used when transporting large number of personnel in connection with the Orchestra's touring. As a general rule. the BSO does not provide first class travel for employees. 2) In rare instances, the Managing Director's spouse may travel with him for donor cultivation and fundraising purposes. Events attended are related to business purposes of the BSO. Such travel is entered into and substantiated in accordance with the spousal travel policy adopted by the BSO. 3) Housing for Mark Volpe, Managing Director, is provided during the summer for the convenience of the BSO in connection with the Orchestra's activities away from Boston at Tanglewood, and is not considered taxable. Schedule J, Part I, Line 4 The compensation reported for Mark Volpe, Managing Director, for calendar year 2016 includes Base Compensation of $682,442. Other Reportable Compensation includes, 1) taxable fringe in the amount of $12,224 mainly for life and disability insurance and for personal use of a vehicle provided by the BSO; 2) contributions of $18,000 made by Mr. Volpe into a 457(b) plan; and 3) a payment of $279,672 which represents the current year obligation related to a retirement compensation plan established for Mr. Volpe in fiscal year 2007 in recognition of his 10 years of outstanding service to the BSO. As amended in 2013, the plan is to provide Mr. Volpe an annual retirement benefit at age 60 equal to approximately 50% of the average compensation earned during his last 5 years of employment. An irrevocable portion of this benefit is accrued and paid each year that he is employed. The compensation reported for John Ferillo, Principal Oboe, for calendar year 2016 includes Base Compensation of $286,642. Other Reportable Compensation includes 1) Other Services in the amount of $2,840 and 2) a payment of $184,944 which represents the cumulative obligation related to a Supplemental Retirement Plan that was adopted for Mr. Ferrillo July 2, 2001. Mr. Ferrillo will become 100% vested in the balance credited to the account upon the first to occur: 1) completion of fifteen consecutive years of employment as an oboist with the BSO; 2) the non-renewal of Player's contract under Paragraph 31 of the current trade agreement; or 3) after conclusion of Mr. Ferrillo's trial acceptance period, Mr. Ferrillo's becoming totally disabled and unable to fulfill his position, as determined by a physician. Mr. Ferrillo completed fifteen consecutive years of employment as an oboist with the BSO during 2016. Schedule J, Part I, Line 7 The compensation reported for Malcolm Lowe, Concertmaster, for calendar year 2016 includes Base Compensation of $452,722. Bonus and incentive compensation of $25,000 which represents payment for a performance bonus clause in his individual contract. The bonus is based on Mr. Lowe's performance in several key areas (Tanglewood, Chamber Players, BSO, and general leadership). Other Reportable Compensation includes Other Services in the amount of $25,906. Mark Volpe Officer Mortgage X 200000 11639 0 1 1 11639 Tisbury Tours Company owned by spouse of Trustee 1133451 Engaged to perform concerts 0 Schedule L, Part II On September 12, 1997, a thirty year, $200,000 loan was made to the Managing Director, Mark Volpe. This loan, which is secured by a mortgage on his principal residence, is payable in biweekly installments of principal and interest. During 2003, the loan was refinanced and the term was changed to fifteen years. The interest rate was determined using the IRS approved market rate in effect at the time of the inception and the refinancing of the loan. X 114 5645196 Fair Market Value X Hospitality Goods 11 25850 Fair Market Value X Instruments 2 1701500 Appraisal 1 0 1 0 Schedule M, Part I Column B responses represent the number of contributions. Form 990, Part I, Line 6 Volunteers comprise the 750 members of the Boston Symphony Association of volunteers (BSAV), who provide a variety of services both at Symphony Hall and Tanglewood; 303 volunteer members of the Tanglewod Festival Chorus (TFC), who donate their time and talent performing year-round with the Boston Symphony Orchestra and the Boston Pops Orchestra; 35 voting trustees and 226 non-voting members of the governing body. Form 990, Part VI, Section A, Line 2 Trustee Stephen Kay serves on the Board of the Dana-Farber Cancer Institute. The Dana-Farber Cancer Institute employs another trustee, Dr. Robert J. Mayer, MD. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by BSO management and reviewed by a paid preparer. The complete 990 is then reviewed by the Audit Committee of the Board of Trustees. The Audit Committee reviews each section and the schedule of the 990, focusing on key changes and substantive disclosures. Subsequent to this review, a copy of the final draft 990, which is the version to be filed with the IRS, is placed in a password-protected website for all members of the Board of Trustees to review in advance of their next board meeting. All members of the Board of Trustees receive an email notifying them that the Form 990 is available for review on the site. The final 990 is signed by the Chief Financial Officer and the paid preparer. Form 990, Part VI, Section B, Line 12c The Boston Symphony Orchestra has a Conflict of Interest Policy that encompasses all employees and board members. the policy requires that Trustees, Officers, Overseers, Ex-Officio board members, members of a committee with board-delegate powers, senior staff members or any person with substantial influence over the BSO to disclose the existence of any potential or actual conflicts of interest of interest to the Board of to members of the Executive Committee. The Board or Executive Committee then discusses and votes to determine whether an actual conflict of interest exists. If a conflict exists, the Board or Executive Committee evaluates the particular transaction or arrangement to determine the most reasonable course of action.The individual who disclosed the conflict must leave the Board or Executive Committee meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. Additionally, the policy also requires any staff member that has information about a possible conflict, to report the matter, promptly, to his or her supervisor, the Director of Human Resources, or the Chief Financial Officer. The Director of Human Resources and the Chief Financial Officer will review the circumstances of the possible conflict with other appropriate management to make the determination about the most reasonable coarse of action. A breach of the conflict of interest policy is grounds for disciplinary action, up to and including termination. Additionally, on an annual basis, all Trustees, Officers, Overseers, Ex-Officio Board members, members of a committee with board delegated powers, senior staff members or any person with substantial influence over the BSO is provided with a copy of the policy and must sign a statement affirming that they have received, read, and understand the policy; they must also affirm that they agree to comply with the policy. As part of this Annual Notice of Policy, each individual is also required to disclose any potential or actual conflicts of interest in writing. All responses indicating a potential or actual conflict are subject to review by the Board or the Executive Committee as described above. Form 990, Part VI, Section B, Line 15 The BSO has a designated Compensation Committee, comprised of trustees of the BSO, which sets the process for determining and approving compensation for officers and key employees. The Compensation Committee's process includes: (a) development and consideration of comparability data to provide the bases for the Committee's decisions and(b) consideration of (i) applicable accounting and disclosure rules, (ii) emerging trends in corporate governance, and (iii) standards and guidelines promulgated by the Division of Public Charities of the Massachusetts Office of the Attorney General (collectively, the "Compensation Process"). Deliberations of the Compensation Committee in connection with the Compensation Process are contemporaneously documented. When evaluating officers and key employees, the Compensation Committee carefully considers the following factors: (i) duties and responsibilities, (ii) background and experience, (iii) dedication, commitment and work schedule, (iv) leadership, management, and professional skills, (v) overall performance and standing, (vi) BSO's salary scale of employees generally, and (vii) the BSO's annual budget. The Compensation Committee's most recent review of officer and key employee compensation occurred in 2016. Form 990, Part VI, Section C, Line 19 The Boston Symphony Orchestra's audited financial statements, conflict of interest policy and other governing documents are available upon request. Form 990, Part VII, Section A, Line 1b Compensation reported is based on calendar year 2016 amounts. Form 990, Part VII, Section B, Line 1(C) Compensation reported is based on calendar year 2016 amounts. Form 990, Part IX, Line 11g Line 11g comprises of $14,286,977 of artistic and other concert related fees and $1,969,680 of security, medical, parking, and other services. Form 990, Part XI, Line 9 Other changes in net assets or fund balances of $18,268,242 comprise of the change in value of the split interest agreements of $700,996 and retirement plan-related charges and other than net periodic benefit costs of $17,567,246. Boston 4 Celebrations Foundation Inc 301 Massachusetts Avenue Boston MA 02115 043311403 Provide for public celebration on July 4th MA 501 (c) (3) III-FI Boston Symphony Orchestra Inc 1 263 HA Limited Partnership 301 Massachusetts Avenue Boston MA 02115 Real Estate MA 263 Realty Corporation Excluded 1540792 8797567 0 0 0.99 263 Realty Corporation 301 Massachusetts Avenue Boston MA 02115 Real Estate MA Boston Symphony C 7604 43881 1 1 Trust 301 Massachusetts Avenue Boston MA 02115 Trust MA Boston Symphony Orchestra Inc T 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 1 263 HA Limited Partnership k 325166 Fair market value 263 HA Limited Partnership s 1299425 Actual partnership distribution