2018-05-11T10:34:05-05:00 2017-06-30 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2016-07-01 362167823 Chicago Symphony Orchestra CHIC 3122943333 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 3122943301 2018-05-01 1 P00052725 3126343400 69.174.87.76 2018-05-07 11:09:41 CD P D3B4F40EB17B5C37DBB46201F3745C857B73140C 9D75D889A1701CEC1102D9A6794E0DD88942743E 2016 2021-01-29 14:40:06Z Jeff Alexander 220 S Michigan Avenue Chicago IL 606042559 192917877 0 X www.cso.org X 1890 IL To present classical music to Chicago, national and international audiences. 131 130 1238 900 -199870 -287651 30408215 23567693 31110071 30137785 15616556 25489934 500303 488322 77635145 79683734 789575 83082 0 0 47200785 46596214 546907 498090 3902136 31365101 32492232 79902368 79669618 -2267223 14116 488120040 499889304 241159533 232617343 246960507 267271961 X The central mission of the Chicago Symphony Orchestra Association is to present classical music through the Chicago Symphony Orchestra to Chicago, national and international audiences.The mission is supported by four mutually reinforcing elements:Artistic excellence: continued international preeminence in the field of orchestral excellenceAudience development: leading audience development initiativesEducation: superior education and community programsFinancial stability: fiscal responsibility for long-term stability 0 0 50469427 33450 24396156 Chicago Symphony Orchestra Concerts -- During the 2016/17 season, the CSO performed 156 paid and free concert programs for over 300,000 patrons. The CSO premiered nine works and performed 18 for the first time. Tours included concerts in one domestic and seven foreign cities. The free Concert for Chicago led by Maestro Muti at the Apostolic Church of God on Chicago's South Side drew approximately 3,000 people. The CSO celebrated Sergei Prokofiev's birthday by featuring a wide selection of his orchestral works, and performed all of Brahms' symphonies. The orchestra performed one concert at Holy Name Cathedral, three at Wheaton College's Edman Memorial Chapel, and will perform 16 concerts at Ravinia Park as part of the annual summer residency. 4836756 3470653 Symphony Center Presents Concerts -- The Chicago Symphony Orchestra Association offers concerts by acclaimed guest artists in the fields of jazz, pop, world, and classical music under the auspices of Symphony Center Presents. Thirty-one concerts were presented during the season, with more than 75,000 tickets sold. These concerts featured established and emerging artistic leaders and musicians performing a wide variety of musical styles for diverse audiences. SCP programs include Orchestra, Chamber, and Piano music series, and Jazz at Symphony Center, which is one of the most comprehensive and acclaimed jazz series in the country. 2635351 433746 Education Concerts and Activities -- The Negaunee Music Institute at the Chicago Symphony Orchestra presents dozens of programs sharing music's transformative power with approximately 45,000 students and teachers, families, seniors, and underserved populations. The Institute engaged children from more than 170 Chicago Public Schools in 2016/17, and provided free tickets and transportation to concerts in schools, parks, and other community venues. A special Concert for Peace launched a new initiative led by Music Director Riccardo Muti and Judson and Joyce Green Creative Consultant Yo-Yo Ma that includes additional peace concerts and expanded songwriting projects for incarcerated youth. 121138 Retail Sales - Music-related merchandise is available for purchase at The Symphony Store. 257996 Rentals and Commissions - A Club is available to donors for dining prior to CSO concerts. 850603 767225 Rentals and Commissions - Performance space provided to Chicagoland arts organizations. 395434 344577 Rentals and Commissions - A restaurant and concessions are provided for audiences attending concerts. 158057 477500 Rentals and Commissions - Parking lot provided for audiences' convenience to attend concerts. 821593 136079 Media and Royalty - Radio Broadcast series, In-house recording label, audio recordings in compact disc and digital download formats. 2157510 49632 111849 Civic Orchestra Concerts -- Founded in 1919, the Civic Orchestra of Chicago has trained thousands of the nation's finest emerging professional musicians while presenting free concerts at Symphony Center and in schools and other neighborhood venues throughout Greater Chicago. The Civic offers world-class training in performance protocol under the guidance of Maestro Muti, Yo-Yo Ma, CSO musicians, guest conductors, and other artistic leaders from around the world. During the 2016/17 season, the Civic Orchestra of Chicago reached approximately 14,000 audience members. Approximately 90 young musicians (including alternates) participate in the Civic Orchestra each year.The Civic fellowship program - a curricular enhancement mentored by CSO Judson and Joyce Green Creative Consultant Yo-Yo Ma - doubled in size from the previous year and now features 14 fellows representing all sections of the Orchestra. Fellows gained valuable real world experience teaching private lessons, group classes, side-by-side modeling and coaching students in grades K-12. This year Civic partnered with The People's Music School for the first time, allowing fellows to teach at three community locations in the Albany Park, Back of the Yards, and Uptown neighborhoods. Additionally, this new partnership will continue to support expanded teaching and learning opportunities on the city's South Side at the Gary Comer Youth Center and Lara Academy as part of the Initiative for a Move Peaceful Chicago. More than 1,000 Civic alumni are currently engaged in professional music positions, including positions with top orchestras, around the world. Over the years, more than 75 Civic alumni have become CSO members, and fifteen current CSO musicians are Civic alumni. The Civic Orchestra of Chicago is the only pre-professional orchestra of its type associated with a major American orchestra. 4762331 49632 1837230 62703865 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 198 0 1 1238 1 1 1 0 0 0 0 1 1 0 0 0 0 X 131 130 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X Stacie M FrankVP and CFO 3122943301 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 40.00 X X 504260 0 31043 Helen Zell Chairman 1.90 X X 0 0 0 Mary Louise Gorno Vice Chairman 0.70 X X 0 0 0 Robert A Kohl Vice Chairman 0.80 X X 0 0 0 Paul R Wiggin Vice Chairman 1.00 X X 0 0 0 W Robert Reum Treasurer 0.10 X X 0 0 0 James W Mabie Treasurer 0.80 X X 0 0 0 Mrs Robert A Beatty Life Trustee 0.10 X 0 0 0 Marshall Bennett Life Trustee 0.10 X 0 0 0 Melvyn Bergstein Life Trustee 0.10 X 0 0 0 Arnold M Berlin Life Trustee 0.10 X 0 0 0 William G Brown Life Trustee 0.10 X 0 0 0 Dean L Buntrock Life Trustee 0.10 X 0 0 0 Robert N Burt Life Trustee 0.10 X 0 0 0 Richard W Colburn Life Trustee 0.30 X 0 0 0 Richard H Cooper Life Trustee 0.10 X 0 0 0 James S Crown Life Trustee 0.30 X 0 0 0 Anthony T Dean Life Trustee 0.10 X 0 0 0 Debora de Hoyos Life Trustee 0.50 X 0 0 0 Charles Douglas Life Trustee 0.30 X 0 0 0 John A Edwardson Life Trustee 0.10 X 0 0 0 Thomas J Eyerman Life Trustee 0.10 X 0 0 0 James B Fadim Life Trustee 0.30 X 0 0 0 David W Fox Sr Life Trustee 0.10 X 0 0 0 Richard J Franke Life Trustee 0.10 X 0 0 0 Cyrus F Freidheim Jr Life Trustee 0.30 X 0 0 0 H Laurance Fuller Life Trustee 0.10 X 0 0 0 Mrs Robert W Galvin Life Trustee 0.10 X 0 0 0 Paul C Gignilliat Life Trustee 0.20 X 0 0 0 Joseph B Glossberg Life Trustee 0.40 X 0 0 0 William A Goldstein Life Trustee 0.40 X 0 0 0 Howard L Gottlieb Life Trustee 0.10 X 0 0 0 Mrs Richard H Gottlieb Life Trustee 0.10 X 0 0 0 Chester A Gougis Life Trustee 0.50 X 0 0 0 Richard Gray Life Trustee 0.10 X 0 0 0 Mary Winton Green Life Trustee 0.30 X 0 0 0 Dietrich Gross Life Trustee 0.10 X 0 0 0 Joan W Harris Life Trustee 0.10 X 0 0 0 John H Hart Life Trustee 0.10 X 0 0 0 Thomas C Heagy Life Trustee 0.20 X 0 0 0 Jay L Henderson Life Trustee 0.40 X 0 0 0 Mrs Roger B Hull Life Trustee 0.10 X 0 0 0 Judith W Istock Life Trustee 0.10 X 0 0 0 William R Jentes Life Trustee 0.30 X 0 0 0 Paul R Judy Life Trustee 0.10 X 0 0 0 Richard B Kapnick Life Trustee 0.10 X 0 0 0 Donald G Kempf Jr Life Trustee 0.10 X 0 0 0 George D Kennedy Life Trustee 0.10 X 0 0 0 Mrs John C Kern Life Trustee 0.20 X 0 0 0 Fred A Krehbiel Life Trustee 0.10 X 0 0 0 Charles Ashby Lewis Life Trustee 0.10 X 0 0 0 Eva F Lichtenberg Life Trustee 0.20 X 0 0 0 John S Lillard Life Trustee 0.10 X 0 0 0 Donald G Lubin Life Trustee 0.10 X 0 0 0 Ling Z Markovitz Life Trustee 0.30 X 0 0 0 R Eden Martin Life Trustee 0.10 X 0 0 0 Arthur C Martinez Life Trustee 0.10 X 0 0 0 Judith W McCue Life Trustee 0.80 X 0 0 0 Lester H McKeever Life Trustee 0.10 X 0 0 0 Newton N Minow Life Trustee 0.10 X 0 0 0 John D Nichols Life Trustee 0.10 X 0 0 0 James J O'Connor Life Trustee 0.20 X 0 0 0 William A Osborn Life Trustee 0.50 X 0 0 0 Mrs Albert Pawlick Life Trustee 0.10 X 0 0 0 Jane DiRenzo Pigott Life Trustee 0.50 X 0 0 0 John M Pratt Life Trustee 0.30 X 0 0 0 Mrs Neil K Quinn Life Trustee 0.10 X 0 0 0 John M Richman Life Trustee 0.10 X 0 0 0 John W Rogers Jr Life Trustee 0.20 X 0 0 0 Jerry Rose Life Trustee 0.10 X 0 0 0 Frank A Rossi Life Trustee 0.30 X 0 0 0 Cynthia M Sargent Life Trustee 0.20 X 0 0 0 John R Schmidt Life Trustee 0.30 X 0 0 0 Thomas C Sheffield Jr Life Trustee 0.30 X 0 0 0 Rita Simo Life Trustee 0.10 X 0 0 0 Scott C Smith Life Trustee 0.10 X 0 0 0 Robert C Spoerri Life Trustee 0.10 X 0 0 0 Carl W Stern Life Trustee 0.30 X 0 0 0 Roger W Stone Life Trustee 0.10 X 0 0 0 William H Strong Life Trustee 0.10 X 0 0 0 Louis C Sudler Jr Life Trustee 0.10 X 0 0 0 Richard L Thomas Life Trustee 0.30 X 0 0 0 Richard P Toft Life Trustee 0.20 X 0 0 0 Penny Van Horn Life Trustee 0.60 X 0 0 0 John Aalbregtse Trustee 0.60 X 0 0 0 Elisabeth Adams Trustee 0.10 X 0 0 0 William Adams IV Trustee 0.90 X 0 0 0 M Cherif Bassiouni Trustee 0.10 X 0 0 0 Randy Lamm Berlin Trustee 0.20 X 0 0 0 Laurence O Booth Trustee 0.10 X 0 0 0 Kay Bucksbaum Trustee 0.10 X 0 0 0 Robert J Buford Trustee 0.10 X 0 0 0 Debra A Cafaro Trustee 0.10 X 0 0 0 Marion A Cameron Trustee 0.10 X 0 0 0 Gregory C Case Trustee 0.10 X 0 0 0 David Casper Trustee 0.10 X 0 0 0 Bruce E Clinton Trustee 0.30 X 0 0 0 George P Colis Trustee 0.30 X 0 0 0 Dr Christoper I Culp Trustee 0.10 X 0 0 0 Timothy A Duffy Trustee 0.60 X 0 0 0 Mimi Duginger Trustee 0.20 X 0 0 0 Brian W Duwe Trustee 0.10 X 0 0 0 Rajiv Fernando Trustee 0.20 X 0 0 0 Rick Fezell Trustee 0.10 X 0 0 0 Richard C Godfrey Trustee 0.10 X 0 0 0 Thomas M Goldstein Trustee 0.10 X 0 0 0 Joyce T Green Trustee 0.60 X 0 0 0 David P Hackett Trustee 0.20 X 0 0 0 Lori Julian Trustee 0.50 X 0 0 0 Joseph A Konen Trustee 0.80 X 0 0 0 Josef Lakonishok Trustee 0.20 X 0 0 0 Patty Lane Trustee 0.10 X 0 0 0 Mark J Larson Trustee 0.10 X 0 0 0 John F Manley Trustee 0.30 X 0 0 0 Beth Mannino Trustee 0.20 X 0 0 0 Mark G McGrath Trustee 0.50 X 0 0 0 David E McNeel Trustee 0.50 X 0 0 0 Christopher Melvin Trustee 0.10 X 0 0 0 Sylvia Neil Trustee 0.30 X 0 0 0 Thomas F O'Toole Trustee 0.10 X 0 0 0 Gerald Pauling Trustee 0.60 X 0 0 0 Jose Luis Prado Trustee 0.10 X 0 0 0 Dr Irwin Press Trustee 0.20 X 0 0 0 Col Jennifer N Pritzker Trustee 0.10 X 0 0 0 Alexander I Rorke Trustee 0.10 X 0 0 0 Burton X Rosenberg Trustee 0.30 X 0 0 0 Kristen C Rossi Trustee 0.30 X 0 0 0 Earl J Rusnak Jr Trustee 0.80 X 0 0 0 E Scott Santi Trustee 0.10 X 0 0 0 Steven E Shebik Trustee 0.30 X 0 0 0 Alejandro Silva Trustee 0.40 X 0 0 0 Walter Snodell Trustee 0.30 X 0 0 0 Scott Swanson Trustee 0.10 X 0 0 0 Nasrin Thierer Trustee 0.30 X 0 0 0 Liisa Thomas Trustee 0.60 X 0 0 0 Terrence J Truax Trustee 0.20 X 0 0 0 William A Von Hoene Jr Trustee 0.30 X 0 0 0 Frederick H Waddell Trustee 0.70 X 0 0 0 Robert A Wislow Trustee 0.10 X 0 0 0 Isabelle Goossen Assistant Treasurer (until 3/31/17) 40.00 X 245643 0 16273 Stacie M Frank Assistant Treasurer (as of 4/11/17) 40.00 X 0 0 0 Karen Lewis Alexander VP for Development (until 1/6/17) 40.00 X 312594 0 29437 Karen Rahn Secretary 40.00 X 68239 0 15005 Riccardo Muti Music Director 40.00 X 1227151 0 0 Robert Chen Concertmaster 40.00 X 503343 0 51413 John Sharp Principal Cello 40.00 X 303802 0 60858 David Herbert Principal Timpani 40.00 X 288585 0 49739 Stephen Williamson Principal Clarinet 40.00 X 314568 0 47538 3768185 0 301306 137 0 1 0 Riccardo Muti 220 S Michigan Avenue Chicago IL 606042559 Artist Performances 1489337 Opus 3 Artists 470 Park Ave South 9th Floor North New York NY 10016 Artist Performances 765530 Travtours Incorporated 72171 Highway 111 Suite 202 Palm Desert CA 92260 Travel Services 761716 DCM Inc 330 W 38th Street Suite 207 New York NY 10018 Telemarking and Telefundraising 743882 Gemini Graphics Inc 860 West Lake Street Roselle IL 601722891 Printing Services 621327 37 1527259 259630 21780804 4026589 23567693 Ticket Sales 711190 22164883 22164883 Performance Fees 711190 5411249 5411249 Other Program Related Revenue 711190 792597 742597 50000 Facility Rental Revenue 711190 767225 767225 Parking Lot Rental Revenue 711190 477500 477500 524331 91541 127 432663 30137785 4655238 4655238 335050 506699 -171649 -171649 -171649 132804232 111951006 18530 20853226 -18530 20834696 -84314 20919010 1091665 1527259 597948 493717 493717 326214 159960 166254 110288 55966 79683734 29287783 -199870 27028128 X 83082 83082 1084690 887939 196751 36768070 32898909 2305805 1563356 1556849 1418193 80709 57947 4968692 4008201 620853 339638 2217913 1811126 274325 132462 112962 27083 85879 114341 114341 498090 498090 1439880 1439880 8823864 8120694 641185 61985 4408484 4076855 207127 124502 901668 464094 220997 216577 377205 194150 92452 90603 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82223266 1421436 2572092 3993528 78229738 1439880 1439880 79669618 Part V, Line 4: The Investment Committee, which oversees all the Corporation's investments, operates under investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs, while seeking to maintain the purchasing power of the endowment assets. Under these policies, the endowment assets are invested in a manner that, over time, will meet the long-term objective of a 5% real return on assets. The Corporation's policy is to preserve the historical dollar value of permanently restricted contributions, and to use any of the investment returns as is prudent considering the Corporation's long- and short-term needs, resources, duration and preservation of donor-restricted endowment funds, donor restrictions, expected total return on its investments, price level trends, general economic conditions, and investment policies. Part X, Line 2: Income Taxes The Corporation is exempt from federal and state income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code unless it has income from unrelated business activities. The Corporation follows the standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation, continued tax exempt status of bonds payable, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2017 and 2016, there were no unrecognized tax benefits identified or recorded as liabilities. The Corporation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. The Corporation is generally no longer subject to examination by the Internal Revenue Service for years before the fiscal year ended June 30, 2014. Part XI, Line 2d - Other Adjustments: Interest rate swap fair value adjustment 9,183,117. Part XI, Line 4b - Other Adjustments: Rental expenses (Part VIII, Line 6b) -506,699. Gain (loss) on sale of other assets (Part VIII, Line 7c(ii)) -18,530. Fundraising event expenses (Part VIII, Line 8b + Line 9b) -597,948. Cost of goods sold (Part VIII, Line 10b) -159,959. Part XII, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 506,699. (Gain) loss on sale of other assets (Part VIII, Line 7c(ii)) 18,530. Fundraising event expenses (Part VIII, Line 8b + Line 9b) 597,948. Cost of goods sold (Part VIII, Line 10b) 159,959. Change in pension plan assets and benefit obligations 1,288,956. Central America and the Caribbean - 0 0 Investments 59439232 Europe (Including Iceland and Greenland) 0 4 Program Services The Chicago Symphony Orchestra traveled to Europe for an 11-concert tour, Jan. 13-27, 2017. The Orchestra performed in seven cities: Paris; Aalborg, Denmark; Hamburg, Baden-Baden, and Frankfort, Germany; Vienna, Austria; and Milan, Italy. This trip marked the CSO's sixth European tour under Muti, and was the Orchestra's 33rd tour to Europe and the 60th international tour in its history. 3730358 0 4 0 0 0 4 63169590 0 63169590 1 0 1 0 1 0 X X X X X X X 1 DCM Inc 330 W 38th Street Suite 207 New York NY 10018 Telefundraising Campaigns 0 1445932 498090 947842 1445932 498090 947842 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Symphony Ball 1475576 822551 653025 6239 182460 6000 99403 Corporate Night 838774 616500 222274 4158 9358 71896 2200 21717 11 304574 88208 216366 11652 98039 5700 79126 2618924 1527259 1091665 15810 15597 352395 13900 200246 597948 493717 1 DePaul University School of Music 804 W Belden Avenue Chicago IL 60614 362167048 501(c)(3) 28172 Civic Orchestra fellowships for five recipents.A select number of Civic Orchestra regular members receive up to a $7,500 fellowship, rather than a stipend, annually that is disbursed on an annual or semester basis directly to the academic institution they are attending. This is part of a cooperative agreement between the Civic Orchestra and area schools to provide two years of tuition-free graduate study. The academic institution covers the portion of the tuition that the $7,500 from the Civic Orchestra does not cover. Chicago College of the Performing Arts at Roosevelt University 430 S Michigan Avenue Chicago IL 60605 362167854 501(c)(3) 1773 Civic Orchestra fellowship for one recipient.A select number of Civic Orchestra regular members receive up to a $7,500 fellowship, rather than a stipend, annually that is disbursed on an annual or semester basis directly to the academic institution they are attending. This is part of a cooperative agreement between the Civic Orchestra and area schools to provide two years of tuition-free graduate study. The academic institution covers the portion of the tuition that the $7,500 from the Civic Orchestra does not cover. Catholic Bishop of Chicago dba Holy Name Cathedral 730 N Wabash Chicago IL 60611 362171697 501(c)(3) 33450 500 tickets The Chicago Symphony Orchestra, conducted by Zell Music Director Riccardo Muti, performed Haydn: Seven Last Words of Christ on February 17, 2017 at Holy Name Cathedral. The Corporation provided approximately 500 general admission concert tickets at no charge to the Cathedral to be distributed to community partners and student groups at its discretion. The Corporation also donated a portion of the concert ticket revenue to support the Cathedral's faith formation, ministry of care and outreach programs. St Sabina Church 1210 W 78th Place Chicago IL 60620 362171123 501(c)(3) 19687 A "Concert for Peace", one of the CSO's Negaunee Music Institute programs, was performed on June 11, 2017 at St. Sabina Church as part of the CSO's ongoing effort to deepen its presence in communities across the south side of Chicago. The premise for the concert was built on the belief that art and music play a vital role in not only addressing, but helping to solve the serious issues that confront our society. The concert, which brought attention to local programs that can reduce violence in Chicago's streets, featured internationally acclaimed cellist and CSO Judson and Joyce Green Creative Consultant Yo-Yo Ma, mezzo-soprano Sarah Ponder Brock, musicians from the Chicago Symphony Orchestra and Civic Orchestra of Chicago, the St. Sabina Church ensemble, and vocalists from the Chicago Children's Choir. As publicized, the Corporation donated the net concert ticket revenue to St. Sabina's anti-violence and Strong Futures employment programs. 4 Part I, Line 2 The fellowship stipends are paid upon completion of responsibilities, attendance at rehearsals, performances, workshops, classes and coachings and remaining in good standing with the orchestra throughout the season as outlined in the Civic Policies and Procedures. Attendance and participation are monitored by the Orchestra Manager and Coordinator of the Civic Orchestra of Chicago. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Jeff Alexander President 492138 0 0 0 12122 0 10600 0 20443 0 535303 0 0 0 Isabelle Goossen Assistant Treasurer (until 3/31/17) 242664 0 0 0 2979 0 13685 0 2588 0 261916 0 0 0 Karen Lewis Alexander VP for Development (until 1/6/17) 311211 0 0 0 1383 0 10726 0 18711 0 342031 0 0 0 Riccardo Muti Music Director 1227151 0 0 0 0 0 0 0 0 0 1227151 0 0 0 Robert Chen Concertmaster 502907 0 0 0 436 0 15965 0 35448 0 554756 0 0 0 John Sharp Principal Cello 303030 0 0 0 772 0 27815 0 33043 0 364660 0 0 0 David Herbert Principal Timpani 288174 0 0 0 411 0 17871 0 31868 0 338324 0 0 0 Stephen Williamson Principal Clarinet 314132 0 0 0 436 0 14590 0 32948 0 362106 0 0 0 Part I, Line 1a Charter travel is provided for all employees during certain foreign and domestic tours when deemed more economical. Part I, Line 7 Annually, the Chairman of the Board reviews and approves any bonus payment for the President. A Illinois Finance Authority 861091967 45200FGY9 2008-05-29 83015000 See Part VI 0 0 0 A 83015000 620000 81364393 722487 308120 1997 1 0 1 1 A 0 0 1 1 1 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Illinois Finance Authority Date the Rebate Computation was Performed: 05/20/2013 Schedule K Supplental Information Part I, Line A, Column (f): The Bonds were issued to (i) refinance a line of credit to the Chicago Symphony Orchestra (the Symphony) from the Northern Trust Company (the Line of Credit) and pay or reimburse the Symphony for certain costs relating to the conversion of the interest rate mode (the Series 2002 Conversion) on the $80,650,000 original aggregate principal amount of the Illinois Educational Facilities Authority Revenue Refunding Bonds, Chicago Symphony Orchestra, Series 2002 (the Series 2002 Bonds) and (ii) pay a portion of the interest on the Bonds and certain costs of issuance of the Bonds (including credit enhancement). The proceeds of the Line of Credit were used to finance a portion of the costs of (i) financing the mandatory purchase of the Series 2002 Bonds by the Symphony in connection with the Series 2002 Conversion, (ii) paying certain costs and expenses related to (a) the incurrence and maintenance of the Line of Credit, and (b) the Series 2002 Conversion, and (iii) paying accrued interest on the Line of Credit. The Series 2002 Bonds were issued on December 19, 2002 to refund all of the $77,900,000 original aggregate principal amount of the Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1996 (Chicago Symphony Orchestra Project) (the Series 1996 Bonds), (ii) pay a portion of interest on the Series 2002 Bonds, and (iii) pay a portion of costs of issuance (including bond insurance premium). The 1996 Bonds were issued on June 12, 1996 to (i) finance, refinance and reimburse the Symphony for certain costs relating to the renovation and expansion of Orchestra Hall and surrounding properties, (ii) pay a portion of interest on the Series 1996 Bonds, (iii) pay or reimburse the Symphony for a portion of the interest on the $50,000,000 Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project), and (iv) pay certain costs relating to letters of credit and costs of issuance. X 96 3771265 FMV - Stock gifts X Airfare miles 1 200000 Fair market value X Cough drops 1 28124 Fair market value X Wine sponsorship 1 19800 Fair market value X Instruments 3 5600 Fair market value X Gift bags 1 1800 Fair market value 0 1 1 Part I, Line 32b: Publicly traded securites are sold via a stock brokerage account held at the corporation's primary banking relationship. Form 990, Part VI, Section A, line 2 Business Relationship 1: David P. Hackett, Beth Mannino Business Relationship 2: John W. Rogers, Jr., William A. Von Hoene, Jr. Business Relationship 3: James S. Crown, William A. Osborn Business Relationship 4: Susan Crown (relative of James S. Crown), Jay L. Henderson, E. Scott Santi Business Relationship 5: Timothy A. Duffy, Richard C. Godfrey Business Relationship 6: Debora de Hoyos, John R. Schmidt Business Relationship 7: Frederick A. Krehbiel, Donald G. Lubin Business Relationship 8: Susan Crown (relative of James S. Crown), Jay L. Henderson, Jose Luis Prado, Frederick H. Waddell Business Relationship 9: William Adams IV, Elisabeth Adams Business Relationship 10: Gerald L. Pauling II, Burton X. Rosenberg Business Relationship 11: Walter Carlson (spouse of Debora de Hoyos) Charles W. Douglas, R. Eden Martin, Newton N. Minow Family Relationship 1: William Adams IV, Elisabeth Adams Form 990, Part VI, Section A, line 6 The members of the Chicago Symphony Orchestra (the "Corporation") are designated as Governing Members. Governing Members are elected from among persons who have demonstrated a significant interest in the CSO and who meet such additional criteria as the Board of Trustees may from time to time determine. Form 990, Part VI, Section A, line 7a Governing Members ratify the election of Governing Members and, at each Annual Meeting, the fully ratified Governing Members elect Regular and Life Trustees. Form 990, Part VI, Section B, line 11b CSO staff prepares Form 990, and it is reviewed by our tax advisor. Staff and the tax advisor discuss and review the entire Form 990 and Form 990-T with members of the CSO Audit Committee, who review and accept it before it is filed as set forth in the Committee Authority and Responsibility section of the Audit Committee charter. At its Spring meeting, the Board of Trustees was reminded of the Audit Committee's responsibility to review and approve the annual tax returns. The 2016 Form 990 and Form 990-T were reviewed and approved at the April 24, 2018 meeting of the Audit Committee. Form 990, Part VI, Section B, line 12c The CSO maintains a Conflict of Interest Policy that applies to all trustees, the Executive Committees of certain auxiliary operations operating under the CSO's bylaws, senior management and other designated staff members, and non-trustee members of Trustee committees. The Policy requires each person to whom the policy applies to complete an annual disclosure questionnaire that discloses any business or financial interest, which might reasonably be expected to give rise to a possible conflict between the interest of the CSO and the interest of such person. The Policy forbids such individuals from voting on or using their personal influence in connection with such business or financial issues. In the event the CSO does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members are independent per the terms of its charter. The CSO requires each non-union employee to conduct themselves in accordance with the code of Business Conduct and Ethics, approved by the Board of Trustees, and to sign an annual statement acknowledging their understanding of and compliance with the Code. Form 990, Part VI, Section B, line 15 The process for determining the compensation of the President included a meeting on September 13, 2016, of the Human Resources Committee, which was comprised of six independent trustees and three non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. The process for determining the compensation of other officers or key employees included a meeting on September 13, 2016, of the Human Resources Committee, which was comprised of six independent trustees and three non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. Form 990, Part VI, Section C, line 19 Financial statements, governing documents and conflict of interest policy are available to the public upon request pursuant to the guidelines of section 6104(d). Form 990, Part IX, line 11g Guest Conductors, Artists and Composers: Program service expenses 6,901,312. Management and general expenses 0. Fundraising expenses 3,128. Total expenses 6,904,440. Other Contracted Services: Program service expenses 1,219,382. Management and general expenses 641,185. Fundraising expenses 58,857. Total expenses 1,919,424. Form 990, Part XI, line 9: Interest rate swap fair value adjustments 9,183,117. Changes in pension plan assets and benefit obligations -1,288,956.