2018-05-10T14:37:44-05:00 2017-06-30 042442519 EDELSTEIN AND COMPANY LLP 160 FEDERAL STREET 9TH FLOOR BOSTON MA 02110 990 2016-07-01 043444069 THE SILK ROAD PROJECT INC SILK 6174968888 175 NORTH HARVARD STREET ALLSTON MA 02134 GOLNAR KHOSROWSHAHI PRESIDENT AND CHAIR 6174968888 2018-05-09 1 SCOTT KAPLOWITCH P00002440 6172276161 2018-05-05 2016 2022-09-23 18:48:47Z GOLNAR KHOSROWSHAHI 175 NORTH HARVARD STREET ALLSTON MA 02134 5553629 0 X WWW.SILKROADPROJECT.ORG X 1998 MA SILKROAD CREATES MUSIC THAT ENGAGES DIFFERENCE, SPARKING RADICAL CULTURAL COLLABORATION AND PASSION-DRIVEN LEARNING TO BUILD A MORE HOPEFUL WORLD. 17 14 9 8 0 0 2509472 2093738 1586818 3430803 458 154 1345 28934 4098093 5553629 0 0 0 0 1209406 1149628 103779 25704 440343 2034701 3420270 3347886 4595602 750207 958027 3599257 2697243 741810 359425 2857447 2337818 X SILKROAD CREATES MUSIC THAT ENGAGES DIFFERENCE, SPARKING RADICAL CULTURAL COLLABORATION AND PASSION-DRIVEN LEARNING TO BUILD A MORE HOPEFUL WORLD. 0 0 3631969 3459393 THE SILK ROAD PROJECT HAD TWO MAJOR TOURS IN FY17. IN AUGUST YO-YO MA AND THE SILK ROAD ENSEMBLE TOURED THROUGHOUT THE UNITED STATES. IN NOVEMBER YO-YO MA AND THE SILK ROAD ENSEMBLE HAD A TOUR IN ASIA STARTING IN SINGAPORE AND PERFORMING IN TAIWAN AND CHINA. THE SILK ROAD ENSEMBLE CONTINUED A RESIDENCY WITH THE GETTY MUSEUM COMPOSING SPECIFIC MUSIC FOR AN INSTALLATION THAT OPENED IN THE FALL OF 2017. THE SILK ROAD ENSEMBLE HAD A YEARLONG RESIDENCY WITH SANTA CLARA UNIVERSITY. THE SILK ROAD PROJECT'S GLOBAL MUSICIAN WORKSHOP RETURNED TO DEPAUW UNIVERSITY. IN ADDITION, THE GLOBAL MUSICIAN WORKSHOP WAS INTRODUCED TO TANGLEWOOD. THE WORKSHOP HAS GROWN IN THE BOTH THE NUMBERS OF ATTENDEES AND NUMBER AND DIVERSITY OF THE FACULTY/MUSICIANS. THE SILK ROAD PROJECT HAS CONTINUING EDUCATIONAL PROJECTS. THE SUMMER APL IS AN ANNUAL WORKSHOP WITH THE HARVARD GRADUATE SCHOOL OF EDUCATION IN AUGUST. TEACHERS FROM AROUND THE WORD COME TO WORK WITH TEACHERS AND SILK ROAD ENSEMBLE MEMBERS ON THE CONCEPTS OF PASSION DRIVEN LEARNING AND BRINGING THOSE CONCEPTS AND ACTIVITIES INTO THE CLASSROOM. THERE IS A CONTINUING SILK ROAD PROJECT EDUCATION PRESENCE IN CONJUNCTION WITH TURNAROUND ARTS WITH LAME DEER IN MONTANA AND DES MOINES IOWA.THE SILK ROAD ENSEMBLE JOINED WITH THE MARK MORRIS DANCE COMPANY IN THE PRESENTATION AND TOUR OF THE AZERBAIJAN OPERA LAYLA AND MAJNUN. LAYLA AND MAJNUN WAS TRANSFORMED FROM AN OPERA TO A CONCERT ENSEMBLE WORK BY THE SILK ROAD PROJECT IN 2008. THE MARK MORRIS DANCE COMPANY TRANSFORMED THE WORK TO INTEGRATE DANCE.MEMBERS OF THE SILK ROAD ENSEMBLE COMPLETED VISITS TO THE SYRIAN REFUGEE CAMPS TO PERFORM AND WORK WITH MUSICIANS IN THE REFUGEE CAMPS. THE SILK ROAD PROJECT COMMISSIONED A NEW WORK AND PERFORMED WITH THE BOSTON BASED A FAR CRY. 3631969 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 84 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 17 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X EDUARDO BRANIFF 6174968888 175 NORTH HARVARD STREET ALLSTON MA 02134 GOLNAR KHOSROWSHAHI PRESIDENT/CHAIR 1.00 X X 0 0 0 JUDITH N GOLDBERG DIRECTOR 1.00 X 0 0 0 MERTON FLEMINGS DIRECTOR 1.00 X 0 0 0 ISABELLE HUNTER CLERK/CONSULTANT 20.00 X X 12000 0 0 JONATHAN BAYS DIRECTOR 1.00 X 0 0 0 EDUARDO BRANIFF DIRECTOR(THROUGH 6/1)/ED (AS OF 6/1) 1.00 X X 0 0 0 GERRY CARDINALE DIRECTOR 1.00 X 0 0 0 LAURA FREID CEO & EXEC DIR (RESIGNED 12/23) 40.00 X X 274753 0 47918 JILL HORNOR DIRECTOR 1.00 X 0 0 0 DIANN KIM DIRECTOR 1.00 X 0 0 0 YO-YO MA ARTISTIC DIRECTOR 1.00 X 0 0 0 EARL ROGER MANDLE DIRECTOR (RESIGNED 2/1/17) 1.00 X 0 0 0 ANNE PERETZ DIRECTOR 1.00 X 0 0 0 DIANA SORENSEN DIRECTOR 1.00 X 0 0 0 ELIZABETH TEN GROTENHUIS VICE PRESIDENT 1.00 X X 0 0 0 PAUL STEBBINS TREASURER 1.00 X X 0 0 0 PRINCE AMYN AGA KHAN DIRECTOR 1.00 X 0 0 0 CATHERINE GEVERS DIRECTOR 1.00 X 0 0 0 OPHELIA DAHL DIRECTOR (APPOINTED 3/31) 1.00 X 0 0 0 ROHIT DESHPANDE DIRECTOR (APPOINTED 3/31) 1.00 X 0 0 0 CHRISTOPHER MARRION DIRECTOR OF DEVELOPMENT 40.00 X 145603 0 24170 432356 0 72088 2 0 1 0 SOUND POSTINGS LLC 11 WATER STREET SUITE 2B ARLINGTON MA 02476 ARTIST FEES 685000 OPUS 3 ARTISTS 470 PARK AVENUE SOUTH 9TH FL NORTH NEW YORK NY 10016 BOOKINGS & TOUR MANAGEMENT 359749 2 65000 2028738 60507 2093738 PERFORMANCE FEES 711130 2629588 2629588 FILM REVENUE 512000 624478 624478 PROGRAM INCOME 711130 176737 176737 3430803 154 154 344 344 MISCELLANEOUS INCOME 711130 28590 28590 28590 5553629 3459393 0 498 X 334964 119037 86741 129186 609219 292838 153012 163369 51617 27478 14166 9973 12352 7100 3460 1792 141476 68555 37921 35000 14352 14352 30350 30350 25704 25704 1602597 1600673 1233 691 25231 21041 590 3600 145207 89849 43840 11518 41442 41442 13500 13500 566681 511746 12628 42307 36089 36089 18600 18600 PRODUCTION CONTRACT SER 490098 490098 COMMISSIONS ON PERFORMA 354450 354450 PUBLICATION AND MULTI-M 29884 29884 MISCELLANEOUS 23414 8615 14799 28375 10605 567 17203 4595602 3631969 523290 440343 11135 712522 217079 21776 2082235 1842070 75495 44581 77796 68530 159176 151412 8635 7764 30800 1096082 0 3599257 2697243 572031 359425 49700 120079 741810 359425 X 496363 -98926 2361084 2436744 2857447 2337818 3599257 2697243 X 958027 -1477656 X X 0 1 X 1 0 X 982079 2498946 3172322 2135113 2093738 10882198 982079 2498946 3172322 2135113 2093738 10882198 3604778 7277420 49864 10539 852 1804 498 63557 10945755 9496813 0.66490 0.63240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2361084 1099612 1023952 2436744 1704763 1702234 1045913 2361084 220971 2716847 1233055 1704763 125000 213384 117413 220971 300000 145000 320000 125000 1.00000 0 0 103915 103914 1 55261 47498 7763 7764 5553629 0 5553629 0 5553629 6073258 1477656 1477656 4595602 0 4595602 PART V, LINE 4: TEMPORARILY RESTRICTED TO PROGRAMS AND TIME. NORTH AMERICA 0 0 PROGRAM SERVICES CONCERTS 61387 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONCERTS 589323 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CONCERTS 102373 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CONCERTS 13122 0 0 0 0 0 0 766205 0 766205 0 0 0 0 0 0 PART I, LINE 3: EXPENDITURES ARE ACCOUNTED FOR ON THE ACCRUAL BASIS USED FOR FINANCIAL STATEMENT PURPOSES. X X X X X X 1 BENTZ WHALEY FLESSNER 7251 OHMS LANE MINNEAPOLIS MN 55439 CAMPAIGN PLANNING 0 0 22004 -22004 22004 -22004 MA SCHEDULE G, PART I, LINE 2B, COLUMN (V) OUT-OF-POCKET EXPENSES INCURRED IN PERFORMING THIS SERVICE WOULD BE BILLED IN ADDITION TO OUR PROFESSIONAL FEES AND WOULD INCLUDE TRAVEL COSTS, LONG-DISTANCE CHARGES, ADMINISTRATIVE SUPPORT, DOCUMENT PREPARATION, AND OTHER DIRECT COSTS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LAURA FREID CEO & EXEC DIR (RESIGNED 12/23) 274028 0 0 0 725 0 33825 0 14093 0 322671 0 0 0 CHRISTOPHER MARRION DIRECTOR OF DEVELOPMENT 145534 0 0 0 69 0 16505 0 7665 0 169773 0 0 0 PART I, LINE 1A CLUB DUES (HARVARD CLUB) FOR LAURA FREID ARE TREATED AS NON-TAXABLE. PART I, LINE 4A: IN SEPTEMBER 2016, THE ORGANIZATION ENTERED INTO A SEPARATION AGREEMENT WITH LAURA FREID, CEO AND EXECUTIVE DIRECTOR. THE EFFECTIVE DATE OF SEPARATION WAS DECEMBER 23, 2016 AND PROVIDED FOR 6 MONTHS OF SALARY TO BE PAID AS SEVERANCE, AMOUNTING TO $134,088. THE SEVERANCE WAS PAID IN JANUARY 2017. SOUND POSTINGS LLC THE LLC IS WHOLLY OWNED BY TWO BOARD MEMBERS. 685000 ARTIST FEES ARE PAID TO SOUND POSTINGS. 0 X 2 60507 PROCEEDS FROM SALE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 YO-YO MA AND JILL HORNOR: FAMILY RELATIONSHIP YO-YO MA, JILL HORNOR AND JONATHAN BAYS: BUSINESS RELATIONSHIP MERTON FLEMINGS AND ELIZABETH TEN GROTENHUIS: FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE CHAIRMAN OF THE BOARD AND THE TREASURER REVIEW THE FORM 990. AFTER REVIEW AND EDITS (IF NECESSARY), THE FORM 990 IS SENT TO THE REMAINDER OF THE BOARD BEFORE IT IS FILED. EACH BOARD MEMBER RECEIVES A PHYSICAL COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED AT THE ANNUAL MEETING. THE FULL BOARD THEN REVIEWS AND VOTES ON ANY CONFLICT OF INTEREST. PERSONS WHO HAVE A CONFLICT OF INTEREST ARE EXCUSED FROM THE PORTION OF THE MEETING WHEN A CONFLICT ARISES. PERSONS WITH A CONFLICT ARE NOT ALLOWED TO VOTE ON ANY MATTERS PERTAINING TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 FINANCE/COMPENSATION COMMITTEE - EACH YEAR THE SILK ROAD PROJECT PURCHASES THE CURRENT GUIDE STAR COMPENSATION REPORT. THE REPORT IS SENT TO THE CEO, THE FINANCE COMMITTEE AND COMPENSATION COMMITTEE FOR THEIR REVIEW. THE EXECUTIVE COMMITTEE AND THE COMPENSATION COMMITTEE HAVE SEPARATE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 ALL PUBLIC DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST OR MADE AVAILABLE DURING NORMAL BUSINESS HOURS OF THE OFFICE. FORM 990, PART IX, LINE 11G PERFORMANCE/ARTISTS FEES: PROGRAM SERVICE EXPENSES 1,600,673. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,600,673. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,233. FUNDRAISING EXPENSES 691. TOTAL EXPENSES 1,924. FORM 990, PART XI, LINE 9: BAD DEBT LOSSES -381,574. LOSS ON IMPAIRMENT OF FILM COSTS -1,096,082. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.