2018-02-13T20:10:28-06:00 2017-06-30 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2016-07-01 581495066 NORTH CAROLINA SYMPHONY FOUNDATION NORT 9197332750 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 SANDI MA MACDONALD PRESIDENT & CEO 9197332750 2018-02-13 1 YONG ZHANG P01249785 3362724551 108.171.131.171 2018-02-13 21:10:16 ES P 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 68E3BE8F27530CB92DCBE14CB09CA2C152DDBB4C 2016 2021-01-29 14:40:06Z SANDI MA MACDONALD 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 13557117 0 X WWW.NCSYMPHONY.ORG X 1982 NC TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT FOR THE EXCLUSIVE USE AND BENEFIT OF THE NORTH CAROLINA SYMPHONY SOCIETY. 17 17 0 17 0 0 2787228 841944 0 0 -82147 1027153 0 0 2705081 1869097 564086 612202 0 0 0 0 0 0 0 87813 89801 651899 702003 2053182 1167094 13873273 15128292 48562 56686 13824711 15071606 X THE PURPOSE OF THE FOUNDATION SHALL BE TO RECEIVE AND HOLD THE ENDOWMENT OF THE NORTH CAROLINA SYMPHONY SOCIETY, INCORPORATED (THE "SOCIETY") AND SOLICIT ADDITIONS TO THE ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH PRUDENT INVESTMENT OF ENDOWMENT FUNDS, AND EXPEND ENDOWMENT INCOME AND CAPITAL FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY. 0 0 612202 612202 0 PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT FOR THE EXCLUSIVE USE AND BENEFIT OF THE NORTH CAROLINA SYMPHONY SOCIETY. 612202 1 1 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X ROBERT SCHILLER 9197332750 3700 GLENWOOD AVE STE 130 RALEIGH NC 27612 X MR THOMAS H ROBERG PRESIDENT 5.00 1.00 X X 0 0 0 MREDWARD M COMAN PAST PRESIDENT 5.00 X X 0 0 0 MR LARRY WILSON VICE PRESIDENT 5.00 X X 0 0 0 COL MATT SEGAL TREASURER 5.00 X X 0 0 0 MRS CARROLL CLANCY SECRETARY 5.00 X X 0 0 0 MR CHIP ANDERSON MEMBER 1.00 X 0 0 0 MR RICHARD L DAUGHERTY MEMBER 1.00 1.00 X 0 0 0 MR DON DAVIS MEMBER 1.00 5.00 X 0 0 0 DR ROBERT N EBY MEMBER 1.00 X 0 0 0 DR WARNER HALL MEMBER 1.00 X 0 0 0 DR WM CHARLES HELTON MEMBER 1.00 1.00 X 0 0 0 MR DSTEVE HODGES MEMBER 1.00 X 0 0 0 DR MARK E LEITHE MEMBER 1.00 X 0 0 0 MRS LOUISE A MILLER MEMBER 1.00 X 0 0 0 MR GRAY REED MEMBER 1.00 X 0 0 0 MR JOSIAH STEVENSON IV MEMBER 1.00 X 0 0 0 DR SHALER STIDHAM JR MEMBER 1.00 X 0 0 0 SANDI MA MACDONALD PRESIDENT & CEO 5.00 55.00 X 0 314567 14422 ROBERT SCHILLER SENIOR VP & CFO 5.00 55.00 X 0 142818 840 0 457385 15262 0 0 1 0 0 841944 2665 841944 228237 228237 12486936 11688020 798916 798916 798916 1869097 0 0 1027153 612202 612202 15034 15034 74767 74767 702003 612202 89801 0 135143 115197 127884 68185 11021428 12575706 2588818 2369204 13873273 15128292 48562 56686 48562 56686 X 278835 681665 13545876 14389941 13824711 15071606 13873273 15128292 X 1167094 76954 2847 X 0 1 X 1 0 X X X 1 NORTH CAROLINA SYMPHONY SOCIETY INC 560556755 7 1 612202 0 1 612202 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 350000 X 0 11009595 1138871 1028021 612202 12564285 9096644 2644478 -167441 564086 11009595 8921152 380803 280196 485507 9096644 8117897 459794 869090 525629 8921152 7709148 261568 600198 453017 8117897 0.97950 0.02050 0 1 1 0 SPLIT INTEREST AGREEMENTS & BENE INTEREST IN PERP TRUSTS 1718347 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 66053 CASH VALUE OF LIFE INSURANCE 234804 HISTORICAL TREASURES 350000 2369204 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 44528 INTERCOMPANY PAYABLE 12158 56686 X 1948172 76954 2121 79075 1869097 0 1869097 701277 -726 -726 702003 0 702003 PART III, LINE 4: THIS HISTORICAL INSTRUMENT DATES BACK TO 1823 AND IS MADE OF SPRUCE AND MAPLE VARNISHED IN GOLD-RED BROWN. IT BEARS THE LABEL "NICOLAS LUPOT LUTHIER RUE CROIX/DES PETITS CHAMPS, A PARIS, L'AN 1823". PER THE DONOR'S WRITTEN REQUEST, THE FOUNDATION WILL MAKE THE VIOLIN AVAILABLE TO VIOLINISTS OF THE NORTH CAROLINA SYMPHONY FOR INDOOR SELECT PERFORMANCES. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT TO THE SOCIETY. THE ENDOWMENT FUNDS OF BOTH THE NORTH CAROLINA SYMPHONY SOCIETY INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE MANAGED BY AN INVESTMENT COMMITTEE, COMPRISED OF MEMBERS OF BOTH ORGANIZATIONS' BOARDS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE SYMPHONY'S TAX POSITIONS AND CONCLUDED THAT THE SYMPHONY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEEMENTS 2,121. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO CSV LIFE INSURANCE -726. 1 NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE SUITE 130 RALEIGH NC 27612 560556755 501(C)(3) 612202 0 TO SUPPORT STATEWIDE SERVICE AND MUSIC EDUCATION 1 0 PART I, LINE 2: THE FOUNDATION BOARD OF TRUSTEES APPROVES THE USE OF ALL GRANT FUNDS BASED ON THEIR REVIEW AND APPROVAL OF EXPENSES COMMENSURATE WITH THE FUNDS. 0 0 0 0 0 0 0 1 0 SANDI MA MACDONALD PRESIDENT & CEO 0 254515 0 0 0 60052 0 0 0 14422 0 328989 0 0 PART I, LINE 7 THE CEO'S PAYMENT INCLUDED IN PART II COLUMN B, OTHER REPORTABLE COMPENSATION, WAS DUE TO PRIOR YEARS' VOLUNTARY REDUCTIONS IN SALARY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED BY THE BOARD OF THE NORTH CAROLINA SYMPHONY SOCIETY, THE FILING ORGANIZATION'S RELATED, SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 (EXCLUDING SCHEDULE B) IS REVIEWED AND APPROVED BY THE AUDIT SUBCOMMITTEE. THE FORM 990 (EXCLUDING SCHEDULE B) IS THEN MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NORTH CAROLINA SYMPHONY HAS A CONFLICT OF INTEREST POLICY WHICH ALL TRUSTEES AND EMPLOYEES ARE REQUIRED TO COMPLETE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII AND SCHEDULE J: THE FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY NORTH CAROLINA SYMPHONY SOCIETY, INC., THE ORGANIZATION'S RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE SYMPHONY SOCIETY. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY NORTH CAROLINA SYMPHONY SOCIETY, INC.: INDUSTRY SALARY SURVEYS ARE USED TO DETERMINE SALARIES, AND COMPENSATION WAS ESTABLISHED BY AN INDEPENDENT CONSULTANT. CEO AND MUSIC DIRECTOR SALARIES ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD. THE COMPENSATION ARRANGEMENT IS DOCUMENTED WHEN DECIDED BY THE BOARD OF TRUSTEES. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 2,121. ADJUSTMENT TO CSV LIFE INSURANCE 726. NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE STE 130 RALEIGH NC 27612 560556755 STATEWIDE SERVICE AND MUSIC EDUCATION NC 501(C)(3) LINE 7 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0