2018-07-10T08:22:27-05:00 2017-08-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2016-09-01 231352289 Philadelphia Orchestra Association % MARIO MESTICHELLI PHIL 2158931900 One South Broad Steet 14th Floor Philadelphia PA 19107 MARIO MESTICHELLI Treasurer 2158931900 2018-07-15 true Frank Giardini P00532355 2155614200 2016 2022-09-23 18:48:47Z Allison Vulgamore One South Broad st 14th fl Philadelphia PA 19107 58048240 false X www.philorch.org X 1903 PA THE PHILADELPHIA ORCHESTRA IS ONE OF THE LEADING ORCHESTRAS IN THE WORLD THROUGH OVER A CENTURY OF ACCLAIMED CONCERT PERFORMANCES,EDUCATIONAL CONCERTS AND BEST-SELLING RECORDINGS. 55 49 491 450 426 30024370 31545145 18683443 16975861 5340539 4539711 2682117 2325682 56730469 55386399 0 0 0 0 30870026 30906673 510843 288803 3306890 19212714 19401925 50593583 50597401 6136886 4788998 96257537 107621226 19377160 19224967 76880377 88396259 X THE PHILADELPHIA ORCHESTRA CREATES AND SHARES MUSIC OF THE HIGHEST CALIBER FOR PEOPLE OF ALL AGES AND BACKGROUNDS. THE ORCHESTRA IS COMMITTED TO EXCELLENCE, INNOVATION, AND CREATIVITY, ONSTAGE AND OFF, AND SERVES ITS MANY COMMUNITIES AT HOME AND ABROAD BY PERFORMING MUSIC, ENCOURAGING MUSIC-MAKING, AND IMPROVING THE QUALITY OF LIFE. false false 36674418 0 17359548 ORCHESTRAL MUSIC PROGRAMS: THE PHILADELPHIA ORCHESTRA TOOK PART IN APPROXIMATELY 198 PERFORMANCE EVENTS THROUGHOUT THE YEAR AT LOCATIONS IN THE U.S. AND ABROAD: SUBSCRIPTION CONCERTS (84), SPECIAL CONCERTS (23), FAMILY AND SCHOOL CONCERTS AND OTHER EDUCATIONAL PERFORMANCES (41), FREE NEIGHBORHOOD EVENTS OR CONCERTS (11), SUMMER PROGRAMS (18), TOURS AND REGIONAL CONCERTS (21). 36674418 true true false true false false false false false true true false false true true true false true false false true false false true true false false false false true false false false false false false false false true false false false false true true true false false true 182 0 true 491 true true true false false false false true true false false false false X 55 49 true false false false true true true true true false false false true true true true true false false false AL AK AZ AR CA CT DC FL IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X MARIO MESTICHELLI 2158931900 ONE SOUTH BROAD STREET 14TH FL PHILADELPHIA PA 19107 Richard B Worley Board Member/Chairman 10.0 10.0 X X 0 0 0 Mark Dichter Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Stacy Maria Dutton Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Gary A Frank Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Martin A Heckscher Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 W Anthony Hitschler Brd Mbr/Vice Chm end oct 2016 5.0 0.0 X X 0 0 0 Joseph H Jacovini Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 John H McFadden Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Hillarie L Morgan Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Ralph W Muller Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Caroline B Rogers Board Member/Vice Chairman 5.0 10.0 X X 0 0 0 Adele K Schaeffer Board Member/Vice Chairman 5.0 10.0 X X 0 0 0 Charles K Valutas Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Ramona A Vosbikian Board Member/Vice Chairman 5.0 0.0 X X 0 0 0 Sarah Miller Coulson Board Member/Secretary 5.0 0.0 X X 0 0 0 John A Affleck Board Member (end oct 2016) 2.0 0.0 X 0 0 0 James P Brandau Board Member (beg july 2017) 2.0 0.0 X 0 0 0 Elaine Woo Camarda Board Member 2.0 0.0 X 0 0 0 Kathleen Chimicles Board Member 2.0 0.0 X 0 0 0 Putnam Coes III Board Member 2.0 0.0 X 0 0 0 Michael Cone Board Member 2.0 0.0 X 0 0 0 Kenneth E Davis Board Member 2.0 0.0 X 0 0 0 Elise du Pont Board Member 2.0 0.0 X 0 0 0 Alexandra T Edsall Board Member 2.0 0.0 X 0 0 0 Joseph M Field Board Member 2.0 0.0 X 0 0 0 Mark J Foley Board Member 2.0 0.0 X 0 0 0 Judith F Glick Board Member 2.0 0.0 X 0 0 0 Joshua S Gross Board Member 2.0 0.0 X 0 0 0 Harry R Halloran Jr Board Member 2.0 0.0 X 0 0 0 Lauren Hart Board Member 2.0 0.0 X 0 0 0 Thomas Herr Board Member 2.0 0.0 X 0 0 0 David F Hoffman Board Member 2.0 0.0 X 0 0 0 Osagie O Imasogie Board Member 2.0 0.0 X 0 0 0 Patricia Harron Imbesi Board Member 2.0 0.0 X 0 0 0 Ronald L Kaiserman Board Member 2.0 0.0 X 0 0 0 Michael Kihn Board Member 2.0 0.0 X 0 0 0 Neal W Krouse Board Member 2.0 0.0 X 0 0 0 Bruce G Leto Board Member 2.0 0.0 X 0 0 0 Joseph M Manko Sr Board Member 2.0 0.0 X 0 0 0 Sandra G Marshall Board Member 2.0 0.0 X 0 0 0 Robert E Mortensen Board Member 2.0 0.0 X 0 0 0 Henry N Nassau Board Member (end feb 2017) 2.0 0.0 X 0 0 0 Ajay Raju Board Member 2.0 0.0 X 0 0 0 Robert M Rechnitz Board Member 2.0 0.0 X 0 0 0 John R Saler Board Member 2.0 2.0 X 0 0 0 Scott F Schumacker Board Member (end oct 2016) 2.0 0.0 X 0 0 0 Roberto R Sella Board Member 2.0 0.0 X 0 0 0 Peter L Shaw Board Member 2.0 0.0 X 0 0 0 Constance S Smukler Board Member 2.0 0.0 X 0 0 0 Lindy Snider Board Member 2.0 0.0 X 0 0 0 Fabio Terlevich Board Member (beg oct 2016) 2.0 0.0 X 0 0 0 Marcia Wells Board Member 2.0 0.0 X 0 0 0 James W Zug Board Member 2.0 0.0 X 0 0 0 Allison Vulgamore Board Member/President and CEO 40.0 10.0 X X 672339 0 46554 Mario Mestichelli Board Member/Treasurer/CFO 40.0 10.0 X X 220197 0 40894 Gloria dePasquale Musician/Board Member 40.0 0.0 X 138232 0 24770 David Kim Musician/Board Member 40.0 0.0 X 400419 0 36898 Dara Morales Musician/Board Member 40.0 0.0 X 159390 0 34856 Amy Oshiro-Morales Musician/Board Member 40.0 0.0 X 141100 0 18381 William Polk Musician/Board Member 40.0 0.0 X 138030 0 34106 David Bilger Musician 40.0 0.0 X 270131 0 37245 Jeffrey Khaner Musician 40.0 0.0 X 275426 0 34536 Richard Woodhams Musician 40.0 0.0 X 275703 0 19841 Ricardo Morales Musician 40.0 0.0 X 320298 0 34220 Jennifer Montone Ressler Musician 40.0 0.0 X 263951 0 34206 3275216 0 396507 118 false true false Yannick Nezet-Seguin 1270 CHABANEL EAST MONTREAL 0 CA QC H2M 1E1 Music Director 1424000 Opus 3 Artists LLC 5670 Wilshire Blvd Suite 1790 LOS ANGELES CA 90036 Artistic Management 370868 SDA Teleservices Inc 5757 West Century Blvd Suite 300 LOS ANGELES CA 90045 Telemarketing 323537 Action Marketing and Fulfillment In 805 W 5th Street Suite 10 LANSDALE PA 19466 Printing 299522 Eastern Standard LLC 1218 Chestnut St 4th Floor PHILADELPHIA PA 19107 Marketing 295143 21 624512 1751703 1313585 27855345 1245637 31545145 PHILADELPHIA CONCERTS 711130 11259590 11259590 TOUR CONCERTS 711130 2207500 2207500 SUMMER CONCERTS 711130 1934173 1934173 OUT OF TOWN CONCERTS 711130 1321080 1321080 EDUCATION CONCERTS 711130 253518 253518 16975861 3841119 251 3840868 0 69459 69459 0 0 0 2986659 2288067 698592 698592 698592 334696 624512 373774 -39078 -39078 0 0 0 0 0 0 IT SHARED SERVICE REIMBURSEMENTS 900099 1911439 1911439 EQUITY EARNINGS IN JOINT VENTURE 900099 145030 144855 175 MISCELLANEOUS INCOME 900099 238832 238832 2295301 55386399 17359548 426 6481280 0 0 0 0 3474139 1201142 1972068 300929 0 20951527 17180350 2615414 1155763 2436085 2111463 250844 73778 2524699 1756850 593338 174511 1520223 1127179 296901 96143 0 166628 4115 158973 3540 87792 87792 50004 50004 288803 288803 58282 58282 1500907 212657 746274 541976 1469021 1465959 1062 2000 1263764 359643 762735 141386 951974 951974 221849 221849 2718328 2275155 438660 4513 3189899 3009903 121245 58751 0 46608 40737 5871 0 0 414090 414090 360722 166142 194580 ARTISTIC EXPENSES 4048846 4048846 MARKETING & PROMOTION 1162663 889344 273319 BAD DEBT EXPENSES 387582 387582 CULTIVATION EXPENSES 322592 322592 980374 643821 250223 86330 50597401 36674418 10616093 3306890 600782 105751 9631999 11440076 12111598 15748583 1167564 1911356 0 0 0 0 44660 24029 0 0 1651560 2097135 9445000 5973000 3533000 3472000 61532676 66575219 0 0 636121 607316 0 0 5347577 5639761 96257537 107621226 2933138 3024029 0 0 7513982 7357551 0 0 0 0 0 0 0 0 0 0 8930040 8843387 19377160 19224967 X -34000 869000 8291000 15081000 68623377 72446259 76880377 88396259 96257537 107621226 X 4788998 5855193 871691 X false true X true false X 28826678 25217308 32283051 29813570 31545145 147685752 14291112 16250398 16507277 18683443 16975861 82708091 0 0 0 43117790 41467706 48790328 48497013 48521006 230393843 6026000 3944000 12748000 12912000 9873000 45503000 0 6026000 3944000 12748000 12912000 9873000 45503000 184890843 1423574 4253848 4288326 4006799 3910578 17883125 0 1423574 4253848 4288326 4006799 3910578 17883125 0 2708015 2795596 2722649 2928600 2629997 13784857 47249379 48517150 55801303 55432412 55061581 262061825 0.70552 0.67530 0.06824 0.05661 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 50004 50004 false PART II-B, 1I THE PHILADELPHIA ORCHESTRA ASSOCIATION PAID CONSULTING FIRM DUANE MORRIS $50,004 DURING FISCAL YEAR ENDED AUGUST 31, 2017. THIS FIRM WAS HIRED TO SOLICIT FUNDS FROM GOVERNMENTAL ENTITIES ON BEHALF OF THE PHILADELPHIA ORCHESTRA ASSOCIATION; HOWEVER, SINCE THIS FIRM ENGAGES IN LOBBYING ACTIVITIES THAT INDIRECTLY BENEFIT THE ORCHESTRA, THE ORGANIZATION IS TAKING A PRUDENT COURSE AND DISCLOSING THESE FEES IN THE FORM 990. 61532676 1368710 7264937 3591104 66575219 59640206 2897422 2495362 3500314 61532676 53573248 10857889 -2136318 2654613 59640206 48632448 2759786 4734545 2553531 53573248 48134000 1436000 3844000 4782000 48632000 0.01000 0.99000 true true true 0 1554000 742000 812000 0 587000 483000 104000 0 6962000 4748000 2214000 0 342000 342000 3472000 BENEFICIAL INTERESTS IN TRUSTS 5615281 DUE FROM AFFILIATE 24480 5639761 0 ACCRUED BENEFIT OBLIGATION 8843387 8843387 X 68029960 7713783 205229 4409059 12328071 55701889 58282 -373772 -315490 55386399 56215837 143529 5533189 5676718 50539119 58282 58282 50597401 SCHEDULE D, PART V, LINE 1 ENDOWMENT FUNDS THE PHILADELPHIA ORCHESTRA ASSOCIATION'S (ASSOCIATION) CONSOLIDATED AUDITED FINANCIAL STATEMENTS INCLUDE ENDOWMENT FUNDS THAT CONSIST OF ENDOWMENT ASSETS HELD BY THE ASSOCIATION AND ENDOWMENT ASSETS HELD IN TRUST AT PNC. THE FINANCIAL DATA REPORTED IN PART V OF SCHEDULE D EXCLUDES THAT OF THE TRUST SINCE THOSE ENDOWMENT FUNDS ARE SET UP AS A SEPARATE TRUST ORGANIZATION THAT REPORTS ITS OWN FORM 990. THE ENDOWMENT FUNDS, SET UP AS A TRUST, ARE HELD AND ADMINISTERED BY PNC BANK IN THE PHILADELPHIA ORCHESTRA ASSOCIATION ENDOWMENT (EIN: 23-6227203). THE ASSOCIATION'S BOARD OF DIRECTORS CAN DRAW DOWN REVENUE FROM THE TRUST PURSUANT TO THE APPLICATION OF THE BOARD APPROVED SPENDING POLICY IN ACCORDANCE WITH PENNSYLVANIA LAW AND SPECIFIC ELECTION BY THE BOARD. THE DRAW IS SUBJECT TO ALL DONOR IMPOSED RESTRICTIONS. THIS DRAW-DOWN IS REPRESENTED AS A CHARITABLE CONTRIBUTION FROM THE ENDOWMENT FUND ON THE ASSOCIATION'S FORM 990. THE VALUE OF THE TRUST ASSETS WAS $22,387,000 AND $21,352,000 IN FY17 AND FY16, RESPECTIVELY. SCHEDULE D, PART X, LINE 2 FIN 48 (ASC 740) FOOTNOTE UNDER PROVISIONS OF THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND THE APPLICABLE INCOME TAX REGULATIONS OF PENNSYLVANIA, THE ASSOCIATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE ASSOCIATION RECOGNIZES OR DERECOGNIZES A TAX POSITION BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS. ANY INTEREST AND PENALTIES, IF APPLICABLE, WOULD BE RECORDED IN ADMINISTRATIVE EXPENSES. THE ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED AUGUST 31, 2013. SCHEDULE D, PARTS XI/XII THE PHILADELPHIA ORCHESTRA ASSOCIATION PREPARES CONSOLIDATED AUDITED FINANCIAL STATEMENTS THAT INCLUDE THE OPERATION OF: ACADEMY OF MUSIC OF PHILADELPHIA, INC. ACADEMY OF MUSIC OF PHILADELPHIA ENDOWMENT TRUST PHILADELPHIA ORCHESTRA ASSOCIATION ENDOWMENT TRUST THE RECONCILIATION IN SCHEDULE D, PARTS XI AND XII REFLECTS A RECONCILIATION BACK TO THE ASSOCIATIONS ACTIVITIES WITHIN THOSE FINANCIAL STATEMENTS. PART XI RECONCILIATION OF REVENUE AMOUNTS INCLUDED IN FINANCIAL STATEMENTS REVENUE SECTION, BUT NOT ON FORM 990 revenue section: LINE 2(D) - OTHER INVESTMENT ACTIVITY - POA TRUST ENDOWMENT $ 413,398 SPENDING DRAW FROM POA TRUST ASSETS (1,218,578) REVENUES FROM ACADEMY OF MUSIC 2,565,436 INVESTMENT ACTIVITY - ACADEMY OF MUSIC 1,851,916 TRUST INVESTMENT FEES (19,226) POSTRETIREMENT ADJUSTMENT 816,113 ----------- TOTAL $ 4,409,059 ============ PART XI RECONCILIATION OF REVENUE AMOUNTS INCLUDED ON FORM 990 REVENUE SECTION, BUT NOT IN FINANCIAL STATEMENTS REVENUE SECTION: LINE 4(B) - OTHER SPECIAL EVENTS EXPENSE (RECLASS) $(373,774) Rounding $ 2 ---------- TOTAL $(373,772) ========== PART XII RECONCILIATION OF EXPENSES AMOUNTS INCLUDED IN FINANCIAL STATEMENTS EXPENSE SECTION, BUT NOT ON FORM 990 EXPENSE SECTION: LINE 2(D) - OTHER ACADEMY OF MUSIC EXPENSES $5,159,415 SPECIAL EVENTS EXPENSE (RECLASS) 373,774 ------------- TOTAL $5,533,189 ============= East Asia and the Pacific Program Services Orchestra Performances 2772262 2772262 2772262 true false true false false false X X X X X X X true Richard F Bohrer Consulting 742 Mason Avenue Drexel Hill PA 19026 Consulting false 49950 Nauset Ventures 507 Auburn Avenue Wyndmoor PA 19038 Consulting false 100988 SDA Telefunding Services 5757 West Century Blvd suite 300 Los Angeles CA 90045 Telefunding false 225599 136378 89221 225599 287316 89221 AL AK AZ AR CA CT DC FL IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Opening Night 97935 4265 93670 122693 56936 OPN Night 2 420220 289904 130316 3 441053 330343 110710 115311 78834 959208 624512 334696 238004 135770 373774 -39078 ADDITIONAL INFORMATION IN ORDER TO PROVIDE FOR STAFF VACANCIES EXPERIENCED DURING THE YEAR IN THE DEVELOPMENT DEPARTMENT, INDEPENDENT CONTRACTORS WERE ENGAGED TO FILL THOSE ROLES. RICHARD F. BOHRER CONSULTING- GOVERNMENT AND FOUNDATION GRANT WRITER Nauset Venture- CORPORATE GIVING AND GLOBAL INITIATIVES X true true X X X X X false false false false false false false true false Allison Vulgamore Board Member/President and CEO 449049 0 75000 0 148290 0 21200 0 26682 0 720221 0 0 0 Mario Mestichelli Board Member/Treasurer/CFO 219747 0 0 0 450 0 17740 0 24482 0 262419 0 0 0 Gloria dePasquale Musician/Board Member 136708 0 0 0 1524 0 13303 0 12311 0 163846 0 0 0 David Kim Musician/Board Member 400143 0 0 0 276 0 12206 0 25628 0 438253 0 0 0 Dara Morales Musician/Board Member 159270 0 0 0 120 0 10164 0 25566 0 195120 0 0 0 Amy Oshiro-Morales Musician/Board Member 140980 0 0 0 120 0 10164 0 9045 0 160309 0 0 0 William Polk Musician/Board Member 137910 0 0 0 120 0 10164 0 24771 0 172965 0 0 0 David Bilger Musician 269615 0 0 0 516 0 13303 0 24878 0 308312 0 0 0 Jeffrey Khaner Musician 274910 0 0 0 516 0 13303 0 22169 0 310898 0 0 0 Richard Woodhams Musician 274179 0 0 0 1524 0 13159 0 7619 0 296481 0 0 0 Ricardo Morales Musician 320178 0 0 0 120 0 10278 0 24878 0 355454 0 0 0 Jennifer Montone Ressler Musician 263843 0 0 0 108 0 10164 0 25078 0 299193 0 0 0 SCHEDULE J, PART I, LINE 1 PAYMENTS WERE MADE TO THE PRESIDENT & CEO, ALLISON VULGAMORE, PURSUANT TO A WRITTEN EMPLOYMENT CONTRACT THAT WAS APPROVED BY THE APPROPRIATE GOVERNING BODY. MS. VULGAMORE RECEIVED PERSONAL SERVICES (FINANCIAL PLANNING). THE FAIR MARKET VALUE OF SUCH PERSONAL SERVICES WAS INCLUDED IN HER CALENDAR YEAR 2016 FORM W-2. SCHEDULE J, PART I, LINE 7 THE CEO HAS AN EMPLOYMENT CONTRACT CONTAINING A PERFORMANCE BASED COMPENSATION DIRECTIVE THAT MAKES HER ELIGIBLE TO RECEIVE A NON-FIXED PAYMENT IN ADDITION TO HER BASE COMPENSATION. ALL ELEMENTS OF COMPENSATION INCLUDING THIS NON-FIXED PAYMENT ARE SUBJECT TO BOARD REVIEW AND APPROVAL. SCHEDULE J, PART I, LINE 8 MS. VULGAMORE ENTERED INTO A NEW EMPLOYMENT CONTRACT WITH THE PHILADELPHIA ORCHESTRA ASSOCIATION ON JANUARY 1, 2015. THIS AGREEMENT TERMINATED ON DECEMBER 31, 2017. X 59 1245637 FMV 0 false true true QUESTION 32A TO THE EXTENT THAT THE ORGANIZATION RECEIVES DONATIONS OF SECURITIES, ITS INVESTMENT BROKER/MANAGER IS TASKED WITH SELLING THOSE SECURITIES IN EXCHANGE FOR CASH. Number of Contributions Schedule M, Part I, Column (B) The organization is reporting the number of contributions in column (B). FORM 990, PART VI, LINE 2 BUSINESS/FAMILY RELATIONSHIPS THE PHILADELPHIA ORCHESTRA ASSOCIATION (POA) HAS SEVERAL BOARD MEMBERS WITH BUSINESS RELATIONSHIPS WITH EACH OTHER, AS FOLLOWS: BOARD MEMBERS JOHN AFFLECK AND MARTIN HECKSCHER HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS SARAH MILLER COULSON, ROBERT RECHNITZ AND PUTNAM COES III HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AND WITH RICHARD WORLEY. BOARD MEMBERS JOSEPH FIELD AND JOHN MCFADDEN HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS JOSEPH JACOVINI AND AJAY RAJU HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS ROBERTO SELLA, FABIO TERLEVICH, AND RICHARD WORLEY HAVE A BUSINESS RELATIONSHIP. BOARD MEMBERS BRUCE LETO AND JOHN SALER HAVE A BUSINESS RELATIONSHIP. ADDITIONALLY, BOARD MEMBERS, RICHARD WORLEY AND SARAH MILLER COULSON HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINES 6, 7A & 7B ORGANIZATIONS MEMBERS/STOCKHOLDERS: THE MEMBERSHIP OF THE PHILADELPHIA ORCHESTRA ASSOCIATION SHALL CONSIST OF LIFE AND ANNUAL MEMBERS. LIFE MEMBERS SHALL BE THOSE PERSONS WHO ON OR BEFORE SEPTEMBER 22, 1958 PAID INTO THE ENDOWMENT FUND OR ANY OTHER FUND ESTABLISHED BY THE ASSOCIATION NOT LESS THAN THE SUM OF FIVE HUNDRED DOLLARS. ANNUAL MEMBERS SHALL CONSIST OF THOSE PERSONS (INDIVIDUAL OR CORPORATE) WHO FROM TIME TO TIME SHALL CONTRIBUTE TO THE PHILADELPHIA ORCHESTRA ASSOCIATION NOT LESS THAN SUCH AMOUNT AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DESIGNATE AS THE AMOUNT OF THE CONTRIBUTION BY WHICH A PERSON SHALL BECOME A MEMBER. A MEMBER, BY VIRTUE OF A CONTRIBUTION OF NOT LESS THAN THE AMOUNT THUS FIXED, SHALL BE A MEMBER UNTIL THE ADJOURNMENT OF THE ANNUAL MEETING NEXT FOLLOWING THE CLOSE OF THE FISCAL YEAR OF THE ASSOCIATION TO THE ACCOUNTS OF WHICH THE CONTRIBUTION WAS APPLIED. IN ALL ELECTIONS AND AT ALL MEETINGS OF THE ASSOCIATION EACH MEMBER OF RECORD ON THE TENTH DAY PRECEDING THE DATE OF AN ELECTION OR OF A MEETING SHALL BE ENTITLED TO ONE VOTE AND TO NOTICE OF THE ELECTION OR MEETING. MEMBERS WHO ARE MEMBERS BY VIRTUE OF CONTRIBUTING TO THE ASSOCIATION AS PROVIDED FOR IN THIS ARTICLE AND MAKE AVAILABLE TO SUCH MEMBERS SUCH SPECIAL PRIVILEGES AS THE BOARD MAY DETERMINE, DEPENDING UPON THE CLASSIFICATION OF MEMBERSHIP. VOTING BY MEMBERS SHALL BE IN PERSON OR BY PROXY. THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH CLASSIFICATIONS OF MEMBERS WHO ARE MEMBERS BY VIRTUE CONTRIBUTING TO THE ASSOCIATION AS PROVIDED FOR IN THIS ARTICLE AND MAKE AVAILABLE TO SUCH MEMBERS SUCH SPECIAL PRIVILEGES AS THE BOARD MAY DETERMINE, DEPENDING UPON THE CLASSIFICATION OF MEMBERSHIP. FORM 990, PART VI, LINE 11A THE FORM 990 WAS PREPARED BY AN INTERNATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE DEPARTMENT. A COPY OF THE FORM 990 IS CIRCULATED TO THE BOARD BEFORE IT IS FILED. HOWEVER, SCHEDULE B IS REDACTED FROM THE FORM 990 BEFORE IT IS CIRCULATED TO THE BOARD TO PROTECT THE IDENTITY OF CERTAIN DONORS WHO WISH TO REMAIN ANONYMOUS. AS SUCH, THE ORGANIZATION HAS CHECKED 'NO' TO PART VI, QUESTION 11A. SCHEDULE B WILL BE MADE AVAILABLE TO THOSE BOARD MEMBERS WHO WISH TO INSPECT IT INDIVIDUALLY. FORM 990, PART VI, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE BY FOLLOWING THESE PROCEDURES: 1. ANY INTERESTED PERSON HAS A DUTY TO DISCLOSE THE TRANSACTION OR ARRANGEMENT; 2. THE INTERESTED PERSON PRESENTS THIS POTENTIAL CONFLICT OF INTEREST TO THE BOARD/COMMITTEE; 3. THE BOARD/COMMITTEE DETERMINES WHETHER THERE IS A CONFLICT OF INTEREST; 4. BOARD/COMMITTEE/INTERESTED PERSON FOLLOWS PREDETERMINED PROCEDURES TO ADDRESS THE ISSUE IF ONE EXISTS; 5. THE ABOVE WILL BE RECORDED IN THE MINUTES OF THE MEETINGS OF THE BOARD/COMMITTEE. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY RESPOND TO A QUESTIONNAIRE AND SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES; AND E. PROVIDES SUCH INFORMATION AS THE POA REQUIRES TO PREPARE THE POA'S ANNUAL IRS FORM 990. BOARD MEMBERS WERE REQUESTED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THE REQUEST WAS MADE MULTIPLE TIMES, HOWEVER NOT ALL BOARD MEMBERS OR OFFICERS RESPONDED. THE ORGANIZATION FEELS THAT IT HAS MADE A REASONABLE EFFORT TO DISCLOSE EXISTING CONFLICTS OF INTEREST. FORM 990, PART VI, LINES 13 AND 14 PHILADELPHIA ORCHESTRA ASSOCIATION ESTABLISHED WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES THAT ARE FOLLOWED BY THE ASSOCIATION, AS WELL AS ITS SUBSIDIARIES. FORM 990, PART VI, LINE 15 THE PHILADELPHIA ORCHESTRA ASSOCIATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS AND ALL OF ITS OFFICERS AND KEY EMPLOYEES OF THE ASSOCIATION IS REASONABLE GIVEN THE MARKET IN WHICH THE ASSOCIATION OPERATES. IN RELEVANT PART, THE BOARD OF DIRECTORS HAS ESTABLISHED A HUMAN RESOURCES COMMITTEE OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION AGREEMENTS. WITH RESPECT TO THE CEO, THE H/R COMMITTEE CHAIR AND SEVERAL OTHER INDEPENDENT MEMBERS OF THE BOARD, INCLUDING THE CHAIR OF THE BOARD, CONTRACTED WITH A SEARCH FIRM TO ASSIST IN THE IDENTIFICATION AND SELECTION OF THE CEO. THE OUTCOME OF THIS PROCESS, INCLUDING COMPARABLE COMPENSATION DATA, GATHERED BY MEMBERS OF THE COMMITTEE WAS PRESENTED TO THE FULL BOARD. DOCUMENTS, EMAILS AND OTHER WRITINGS CREATED CONTEMPORANEOUSLY WERE USED AS THE BASIS FOR THE SELECTION AND COMPENSATION DECISIONS. WITH RESPECT TO HIRING AND COMPENSATION DECISIONS FOR OTHER KEY PERSONNEL, THE CEO CONTRACTED WITH A SEARCH FIRM TO ASSIST IN THE IDENTIFICATION AND SELECTION OF THE KEY PERSONNEL. THERE IS ALSO A FULL-TIME HUMAN RESOURCES DEPARTMENT SUPPORTING THIS FUNCTION AND THE ASSOCIATION RECEIVES REGULAR COMPENSATION DATA IN CONNECTION WITH ITS ONGOING MEMBERSHIP IN THE LEAGUE OF AMERICAN ORCHESTRA SERVICE ORGANIZATION. THE OUTCOME OF THIS PROCESS, INCLUDING COMPARABLE COMPENSATION DATA, GATHERED BY THE CEO WITH THE ASSISTANCE OF THE SEARCH FIRM WAS DESCRIBED TO THE INDEPENDENT CHAIR OF THE HUMAN RESOURCES COMMITTEE. DOCUMENTS, EMAILS, AND OTHER WRITINGS CREATED CONTEMPORANEOUSLY WERE USED AS THE BASIS FOR THE SELECTION AND COMPENSATION DECISIONS. FORM 990, PART VI, LINE 19 THE TAXPAYER MAKES ITS FORM 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS AND ON ITS WEBSITE AT WWW.PHILORCH.ORG. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS POSTRETIREMENT BENEFIT OBLIGATION (POA) $ 810,870 GIFT IN KIND REVENUE 61,700 OTHER (879) --------- TOTAL $ 871,691 Philadelphia Orchestra Assoc Endowment 1600 Market Street- Tax Dept Philadelphia PA 19103 236227203 Supporting PA 501(c)(3) 12-TYPE I POA true The Academy of Music Philadelphia Inc One South Broad St 14th Floor Philadelphia PA 19107 231501159 Restoration PA 501(c)(3) 12-TYPE I POA true Ticket Philadelphia 1500 Walnut Street 17th floor philadelphia PA 19102 455625606 Ticket Sales PA KimmelCenter RELATED 146145 false 175 true 0.30805 false true true false false false false false false false false true false true true false true false true Philadelphia Orchestra Endowment Fund s 1218578 FMV The Academy of Music of Philadelphia Inc c 317365 FMV