2018-03-28T15:00:07-05:00 2017-07-31 350921680 CROWE HORWATH LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2016-08-01 620550979 Nashville Symphony Association NASH 6156876515 1 Symphony Place Nashville TN 37201 Marye Lewis CFO 2018-03-28 true JACKIE COBURN P00244301 6153605500 2016 2021-01-29 14:40:06Z The Nashville Symphony Alan Valentine 1 Symphony Place Nashville TN 37201 49068840 false X nashvillesymphony.org X 1946 TN The Nashville Symphony inspires, entertains, and educates through excellence in musical performance. 49 41 534 350 -161737 -161737 5813618 7798807 11575620 10916613 526965 1173680 1722876 1952787 19639079 21841887 34000 34000 0 0 13061562 13655245 153373 184454 1398672 14436822 11424750 27685757 25298449 -8046678 -3456562 109322963 105480944 27941837 27654801 81381126 77826143 The Nashville Symphony inspires, entertains, and educates through excellence in musical performance. We will fulfill our mission by: * Achieving recognized excellence in orchestral performance. * Delivering consistently creative and innovative programming, with a focus on the creation, promotion, and preservation of American repertoire. * Producing outstanding education and community engagement programs. * Creating, enabling, and leading cultural impact. false false 19670574 0 13482463 Artistic Programming : Led by Music Director Giancarlo Guerrero, the Nashville Symphony inspires, entertains and educates through excellence in musical performance. Concert programming is one of the key drivers for fulfilling this mission, beginning with the orchestra's flagship Classical Series, which consists of 14 concert weekends exploring the full breadth of classical repertoire, from Baroque to contemporary. In 2016/17, the series featured the music of American composers on every concert, including Leonard Bernstein, Samuel Barber, Aaron Copland, Philip Glass, Terry Riley, former Nashville Symphony Music Director Kenneth Schermerhorn and Nashville resident Edgar Meyer. Guest artists included pianist Conrad Tao, violinist Simone Porter, violinist Anne Akiko Meyers, cellist Zuill Bailey, double bassist Edgar Meyer and conductor Edo de Waart. Nashville Symphony musicians Jun Iwasaki, Erik Gratton and Leslie Norton also took the spotlight as soloists. Nashville is a city where new music is constantly being created, and as Music City's resident orchestra, the Nashville Symphony is committed to keeping classical music relevant in the 21st century. The orchestra champions the work of contemporary American composers through an active schedule of performances, commissions, premieres and recordings. In 2016/17, the Nashville Symphony made live recordings of six works by American composers, all slated for worldwide release on Naxos. These included Jonathan Leshnoff's Starburst; Aaron Jay Kernis' Color Wheel; Kerry Turner's Concerto for Horn and Orchestra; and Behzad Ranjbaran's Flute Concert. Of special note, the Symphony received a $15,000 Art Works grant from the National Endowment for the Arts in support of its performances and recording of Terry Riley's At the Royal Majestic. In addition, John Harbison's Requiem was performed and recorded for future release, supported in part by a grant from the NEA; this project also incorporated a choral education initiative in collaboration with local schools. During 2016/17, the Nashville Symphony released three recordings on Naxos: Jennifer Higdon's All Things Majestic; Richard Danielpour's Songs of Solitude; and Michael Daugherty's Tales of Hemingway. The Nashville Symphony earned three GRAMMY Awards for its recording of Tales of Hemingway: Best Classical Compendium, Best Instrumental Solo and Best Contemporary Classical Composition. In addition to its classical programming, the Nashville Symphony offers a wide variety of concerts for the Middle Tennessee community. Guest artists for jazz and pops concerts with the Symphony in 2016/17 included Peter Cetera, The Chieftains and Wynton Marsalis, among others. The Symphony also presented live movie and video game soundtracks, featuring movies from the Harry Potter series, as well as E.T., the Wizard of Oz and LA LA LAND. In addition, the orchestra performed several concerts outdoors at Ascend Amphitheater, including Boyz II Men, the Music of Led Zeppelin and Pokemon: Symphonic Evolutions. 1738700 34000 0 Education & Community Engagement Program: The Nashville Symphony provides a wide array of free education and engagement opportunities at the Schermerhorn and out in the community, reaching an average of 60,000 people annually. Many education programs align with state academic standards and provide lesson plans and other resources to participating educators. The Nashville Symphony marked the inaugural year of its Accelerando initiative in 2016/17. Funded in part by a grant from The Andrew W. Mellon Foundation, Accelerando is an intensive education program designed to prepare gifted young students of diverse ethnic backgrounds to pursuit of music at the collegiate level and beyond. Students selected for the first class in 2016/17 identified with Pakistani, African-American, Hispanic/Latino, Vietnamese and Syrian nationalities, ethnicities and cultural backgrounds. Throughout the school year, each student received mentorship and private lessons from Nashville Symphony musicians, opportunities to perform in the community, free access to music theory and history courses through Vanderbilt University's Blair School of Music Pre-College program, master class performance opportunities, and free admission to Classical Series concerts. Students also participated in year-end juried evaluations, receiving comments from Accelerando faculty. Other education and community engagement programs in 2016/17 included the following: * The Young People's Concerts series reached 11,386 students over 10 concerts featuring works by Copland, Bernstein, Gershwin, Steve Reich and John Williams, among others. Teachers were provided access to downloadable curriculum with lesson plans and musical samples. * Master classes with highly trained professionals and soloists. Simone Porter gave a master class for violin students during her visit to Nashville, and student musicians also had the opportunity to perform for mentors through three virtual master classes with New World Symphony musicians, culminating in a virtual Town Hall/Q&A session with Michael Tilson Thomas. * Through the Sectionals program, Symphony musicians visited schools around Middle Tennessee to offer resources, instruction and coaching for 1,022 band and orchestra students. * Curb Open Dress Rehearsals offered student groups the opportunity to experience Nashville Symphony rehearsals free of charge. Throughout the season, 1,016 attendees got to witness international soloists including Anne Akiko Meyers, Edgar Meyer, Inon Barnatan and Simone Porter rehearse with the orchestra. * Through the Ensembles in the Schools program, Nashville Symphony musicians presented age-appropriate small ensemble concerts for young listeners. This program reached 2,435 students in 2016/17. * Offered in partnership with the Country Music Hall of Fame, Is It a Fiddle or a Violin? reached 1,325 students with an interactive program that explores the connections between classical and country music. * The Nashville Symphony gave its first Sensory Friendly Concert in March, offering a family-friendly concert of classical repertoire with flexible seating, quiet spaces, pre-concert activities, a resource fair and staff specially trained to accommodate patrons with sensory sensitivities. * Free Day of Music, an annual fall event featuring more than 20 local performers, welcomed 6,283 audience members to the Schermerhorn to enjoy a variety of music throughout the day and into the night. * During the summer, the Community Concerts series brought the Nashville Symphony to outdoor locations across the mid-state area, from urban neighborhoods to outlying communities. In the 2016/17 season, the series reached 11,000 participants. 21409274 true true false false false false false false false true true false false false false true true false false false false false false true true false false true false true false false false true false false false true false false false false false true true true false false true 139 0 true 534 true true true false false false false true true false false false false X 49 41 false false false false false false false true true false false true true true true true true true true false TN X X Marye Lewis 6156876515 1 Symphony Place Nashville TN 37201 ALAN D VALENTINE PRESIDENT & CEO 40.0 X X 352740 0 14894 MARK PEACOCK BOARD CHAIR 1.0 X X 0 0 0 SHIRLEY ZEITLIN BOARD VICE-CHAIR 1.0 X X 0 0 0 JENNIFER H PURYEAR BOARD SECRETARY 1.0 X X 0 0 0 DAVID K MORGAN BOARD TREASURER 1.0 X X 0 0 0 MR KEVIN W CRUMBO CHAIR-ELECT 1.0 X X 0 0 0 BETSY WILLS DIRECTOR 1.0 X 0 0 0 CARL T HALEY JR DIRECTOR 1.0 X 0 0 0 JOHN H BAILEY III DIRECTOR 1.0 X 0 0 0 EDWARD A GOODRICH DIRECTOR 1.0 X 0 0 0 REV DEXTER S BREWER DIRECTOR 1.0 X 0 0 0 RUSSELL W BATES DIRECTOR 1.0 X 0 0 0 ROBERT J DENNIS DIRECTOR 1.0 X 0 0 0 PAMELA L CARTER DIRECTOR 1.0 X 0 0 0 KATE MUNAGIAN DIRECTOR (see schedule O.) 40.0 X 57108 0 9869 JANA DAVIS DIRECTOR 1.0 X 0 0 0 EVELYN HILL DIRECTOR 1.0 X 0 0 0 LOUISE MORRISON DIRECTOR (see schedule o.) 40.0 X 58031 0 4441 LYNN PEITHMAN DIRECTOR (see schedule o.) 40.0 X 54428 0 9842 PHILIP M CAVENDER DIRECTOR 1.0 X 0 0 0 MICHAEL W HAYES DIRECTOR 1.0 X 0 0 0 W BRANTLEY PHILLIPS JR DIRECTOR 1.0 X 0 0 0 DONNA B YURDIN DIRECTOR 1.0 X 0 0 0 MARK WAIT DIRECTOR 1.0 X 0 0 0 HUNTER SHOLAR DIRECTOR (see schedule o.) 40.0 X 57925 0 9942 MARTHA R INGRAM DIRECTOR 1.0 X 0 0 0 JEREMY TUCKER DIRECTOR 1.0 X 0 0 0 BRENDA P GRIFFIN DIRECTOR 1.0 X 0 0 0 NELSON SHIELDS DIRECTOR 1.0 X 0 0 0 DAVID GWIN DIRECTOR 1.0 X 0 0 0 JONATHAN G WEAVER DIRECTOR 1.0 X 0 0 0 MICHAEL MUSICK DIRECTOR 1.0 X 0 0 0 RICHARD L MILLER DIRECTOR 1.0 X 0 0 0 HARRELL ODOM DIRECTOR 1.0 X 0 0 0 JUDY M FOSTER DIRECTOR 1.0 X 0 0 0 H VICTOR BRAREN DIRECTOR 1.0 X 0 0 0 FRANK DANIELS III DIRECTOR 1.0 X 0 0 0 BECKY GARDENHIRE DIRECTOR 1.0 X 0 0 0 VICKI HORNE DIRECTOR 1.0 X 0 0 0 MARY FALLS DIRECTOR 1.0 X 0 0 0 JAMES W WHITE DIRECTOR 1.0 X 0 0 0 BENJAMIN FOLDS DIRECTOR 1.0 X 0 0 0 CLARE YANG DIRECTOR (SEE SCHEDULE O.) 40.0 X 59227 0 10008 CHRISTOPHER HOLMES DIRECTOR 1.0 X 0 0 0 JAMES C SEABURY III DIRECTOR 1.0 X 0 0 0 BETHANY WHELAN DIRECTOR 1.0 X 0 0 0 PATRICK MURPHY DIRECTOR 1.0 X 0 0 0 RIC POTENZ DIRECTOR 1.0 X 0 0 0 PATRICK WALLE DIRECTOR (see Schedule O) 40.0 X 67096 0 5059 STEVEN BROSVIK COO 40.0 X 189458 0 15363 MARYE WALKER LEWIS CFO 40.0 X 176415 0 13814 GIANCARLO GUERERRO MUSIC DIRECTOR 40.0 X 491296 0 15363 JUN IWASAKI CONCERTMASTER 40.0 X 177814 0 11612 JONATHAN NORRIS VP OF DEVELOPMENT 40.0 X 140129 0 454 DANIEL B GROSSMAN VP OF MARKETING 40.0 X 207115 0 6578 2088782 0 127239 7 false true false William Morris Endeavor Entertainment LLC 11 Madison Ave 18th Floor NEW YORK NY 10010 Guest Artist Management 353000 Creative Artists Agency 401 Commerce Street Penthouse Nashville TN 37219 Guest Artist Management 342500 Opus 3 Artists 470 Park Avenue South 9th FL North New York NY 10016 Guest Artist Management 221000 ProImage Facility Services 15115 Old Hickory Blvd Ste B Nashville TN 37211 Janitorial Management 203422 Universal Protection Service 26375 Network Place Chicago IL 60673 Security 180286 13 1274249 265405 6259153 7798807 Ticket sales 711190 10435010 10435010 Orchestra fees 711190 481603 481603 0 0 0 0 10916613 217471 217471 1659927 1821664 -161737 0 -161737 -161737 25631583 30000 24705374 0 926209 30000 956209 956209 117884 1274249 569210 -451326 -451326 545740 130705 415035 415035 TICKET HANDLING CHARGES/FACILITY FEES 711190 2055842 2055842 COMMISSIONS ON ARTIST MERCH SALES & MISC VENUE 711190 78560 78560 miscellaneous income 900099 16413 16413 0 0 0 0 2150815 21841887 13482463 -161737 722354 X 30000 30000 4000 4000 0 0 1923516 1160991 762525 9906162 8728011 401413 776738 426088 426088 545601 453924 51156 40521 853878 734463 58479 60936 120000 120000 18848 18848 51390 51390 184454 184454 96244 96244 4380705 4193407 27260 160038 1061440 938419 123021 143237 39328 95165 8744 240889 240889 178628 178628 1114616 1012377 102239 84321 49042 27946 7333 35113 8297 24671 2145 2044327 2044327 302784 152424 150360 OTHER PRODUCTION EXPENSES 1072401 1072401 OTHER ADMIN EXP 381918 381918 OTHER MARKETING EXP 23175 23175 74714 39972 0 34742 25298449 21409274 2490503 1398672 6174215 8078176 2400000 2400000 5507801 4241425 4131812 1135381 0 0 0 0 107909 114233 1199805 974179 145613079 67998149 79384458 77614930 10416963 10922620 0 0 0 0 109322963 105480944 619367 805868 6040278 6216741 21282192 20632192 0 0 27941837 27654801 X 70836050 68700467 7906605 6435510 2638471 2690166 81381126 77826143 109322963 105480944 X -3456562 -242671 144250 X false true X true false X 4931717 8725537 10603311 5813618 7798807 37872990 7431021 10714508 11219857 13680231 13067428 56113045 0 0 0 12362738 19440045 21823168 19493849 20866235 93986035 0 558983 604348 570000 596707 2330038 0 0 0 0 0 0 0 558983 604348 570000 596707 2330038 91655997 4149269 1249087 1581111 1753081 1877398 10609946 0 4149269 1249087 1581111 1753081 1877398 10609946 0 61591 578785 693270 746699 663624 2743969 16573598 21267917 24097549 21993629 23407257 107339950 0.8539 0.8404 0.0988 0.1214 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 61591.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 61591.0; DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 0.0, COLUMN B - 129223.0, COLUMN C - 174711.0, COLUMN D - 124940.0, COLUMN E - 117884.0, COLUMN F - 546758.0; DESCRIPTION - GROSS SALES OF INVENTORY (10A), COLUMN A - 0.0, COLUMN B - 449562.0, COLUMN C - 518559.0, COLUMN D - 562384.0, COLUMN E - 545740.0, COLUMN F - 2076245.0; DESCRIPTION - GAMING (RAFFLE), COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 59375.0, COLUMN E - 0.0, COLUMN F - 59375.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10332572 51695 894966 386774 96244 10796215 10646267 30320 220997 497932 67080 10332572 10778281 7083 557481 625996 70582 10646267 9855873 63218 1064647 138292 67165 10778281 9187198 12664 1195452 467095 72346 9855873 0.9338 0.0662 0.0 false true true 4824167 4824167 130178787 62413875 67764912 9415270 5584274 3830996 1194855 0 1194855 77614930 0 X 23849828 -242671 405311 1971545 2134185 21715643 96244 30000 126244 21841887 27404811 405311 1797295 2202606 25202205 96244 0 96244 25298449 Schedule D, Part V, Line 4 Intended uses of endowment funds The investment funds are used for mission related activities. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANICAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ASSOCIATION WILL RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE-LIKELY-THAN-NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. AS OF JULY 31, 2017 AND 2016, MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ASSOCIATION DID NOT RECOGNIZE OR ACCRUE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS OF JULY 31, 2017 AND 2016, AND FOR THE YEARS THEN ENDED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RENTAL EXPENSE - 1821664 COST OF GOODS SOLD - 130705 TAX COST ADJUSTMENT - 19176 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements GAIN ON SALE OF FIXED ASSETS - 30000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 1821664 COST OF GOODS SOLD - 130705 ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS - -12759 FEMA REIMBURSEMENT - -112315 GAIN ON SALE OF ASSETS - -30000 X X X X X X X true Bennett Direct PO BOX 0015 Milwaukee WI 53201 TELEFUNDING false 403450 184454 218996 403450 184454 218996 TN Symphony Ball 619954 572129 47825 0 0 71343 69532 48352 53622 Fashion Show 614392 571683 42709 0 0 100575 82615 9310 36737 3 157787 130437 27350 0 0 12111 32956 43554 8503 1392133 1274249 117884 0 0 184029 185103 101216 98862 569210 -451326 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. BENNETT DIRECT-FUNDS RAISED BY TELEFUNDING COMPANY ARE PROCESSED BY THE REPORTING ORGANIZATION; DONATED FUNDS ARE NEVER IN POSSESSION OF THE TELEFUNDING FIRM. TELEFUNDING FIRM RECEIVES PAYMENT FOR ITS SERVICES VIA DIRECT INVOICE TO ORGANIZATION.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses BENNETT DIRECT-CONTRACT PROVIDES FOR AN ANNUAL FEE PLUS HOURLY WAGES. ADDITIONALLY, CERTAIN EXPENSES, SUCH AS PRINTING, SUPPLIES, AND POSTAGE ARE REIMBURSED. IN 2017, FEES TOTALED $178,349, WHILE EXPENSE REIMBURSEMENTS AMOUNTED TO $6,105.; true Blair School Music at Vanderbilt University 2301 Vanderbilt Place Nashville TN 37240 620476822 501(c)(3) 30000 0 N/A N/A Sponsor of Curb Youth Symphony to promote music education for future generations 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Nashville Symphony sponsors Curb Youth Symphony at Blair School of Music with Vanderbilt University. NSA has a close partnering with Curb Youth Symphony at multiple times throughout the year, including the annual Side By Side concert. X X X false false false false false false false true false ALAN D VALENTINE PRESIDENT & CEO 326140 0 20000 0 6600 0 0 0 14894 0 367634 0 0 0 STEVEN BROSVIK COO 168918 0 20000 0 540 0 0 0 15363 0 204821 0 0 0 MARYE WALKER LEWIS CFO 166415 0 10000 0 0 0 0 0 13814 0 190229 0 0 0 GIANCARLO GUERERRO MUSIC DIRECTOR 441296 0 50000 0 0 0 0 0 15363 0 506659 0 0 0 JUN IWASAKI CONCERTMASTER 177814 0 0 0 0 0 6164 0 5448 0 189426 0 0 0 DANIEL B GROSSMAN VP OF MARKETING 149514 0 57601 0 0 0 0 0 6578 0 213693 0 0 0 Schedule J, Part I, Line 3 COMPENSATION OF TOP MANAGEMENT OFFICIALS THE BOARD OF DIRECTORS DELEGATES RESPONSIBILITY TO THE EXECUTIVE COMMITTEE, WHICH ACTS AS THE COMPENSATION COMMITTEE, FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. Schedule J, Part I, Line 7 Non-fixed payments Vice President of Marketing receives a base salary plus commission. The commission is based upon meeting & exceeding ticket sales goals. SYMPLACE REALTY DIRECTOR MARTHA INGRAM MORTGAGE ON SYMPHONY FACILITY X 23250000 20632192 false true true 20632192 Form 990, Part VI, Line 1a Delegate broad authority to a committee ARTICLE 4 (of Bylaws) EXECUTIVE COMMITTEE 4.1 Delegation of Power to Executive Committee. (a) The Executive Committee shall manage the business and affairs of the Association except as otherwise limited by these Bylaws, the Charter or the Act. The Executive Committee may advise the Board on all matters and shall report to the Board on all decisions made or actions taken by it which the Executive Committee or the Chairman reasonably determine to be major decisions or actions. The Executive Committee shall be assisted by such administrative staff as the Chairman or the President and CEO may determine. Except as otherwise provided in this Article, the provisions of Article 5 shall apply to the Executive Committee. (b) The Executive Committee shall have the power and authority (i) to appoint, negotiate and approve the terms of employment of, and evaluate the performance of the President and CEO and the Music Director and Conductor; (ii) approve agreements with the Musicians' Union (with any member who is an Orchestra Member being excluded, except by invitation of the Chairman); (iii) monitor compliance with the budget; (iv) establish and implement operating policies and procedures; (v) supervise the operations and functions of the other committees and receive reports from these committees on request or as required by these Bylaws; (vi) approve the creation of committees of the Board other than the committees created by these Bylaws and the appointment or removal of members of all committees and (vii) approve a sale, lease or pledge of less than all or substantially all of the assets of the Association. The Executive Committee shall have no power to amend any resolution of the Board or the budget. During discussions of salary or sensitive personnel matters, the Executive Committee may exclude Association employees. 4.2 Number, Election and Term. (a) The Executive Committee shall have at least thirteen (13) and no more than fifteen (15) members, all of whom shall be directors. The Executive Committee shall be comprised of the elected officers of the Association, the President and CEO, the required Orchestra Member, the chairman of the Annual Campaign, the chairman of any capital campaign underway, and the chairmen of the following committees: Artistic Planning, Governance, Strategic Planning, Marketing, Development, and the Schermerhorn Symphony Center Committee. Subject to the limit on total members, other directors may be nominated by the Governance Committee and elected by the Board. Each member shall consent to serve prior to his or her nomination by the Governance Committee. (b) The members of the committee will be elected or appointed for minimum two-year terms, and members shall serve until their successors are elected or appointed and qualified. No member of the Executive Committee shall serve more than three consecutive two-year terms, and a former member may be re-elected or re-appointed following a one year absence from the Executive Committee. (c) The members shall serve at the pleasure of the Executive Committee and the Board, and the Executive Committee or Board may remove any elected member at any time, with or without cause. 4.3 Meetings. Regular meetings of the Executive Committee shall be held every other month unless otherwise determined by the Chairman. Special meetings may be called at any time by an officer or any five (5) members of the Executive Committee. 4.4 Quorum and Voting. At all meetings of the Executive Committee, the presence of a majority of the voting members shall constitute a quorum. Each member shall have one vote on all matters properly coming before the meeting. If a quorum is present when a vote is taken, the affirmative vote of a majority of members present is an act of the committee unless the Act, the Charter or these Bylaws require the vote of a greater number. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by the Controller; a draft is reviewed by the organization's public accounting firm, the CFO, the Audit Committee Chair, and the Board Treasurer. Prior to filing of the final Form 990, a full copy, including supplemental schedules, is provided to the full governing body. Form 990, Part VI, Line 12c Conflict of interest policy 2.8 Conflict of Interest. (from Bylaws of Organization) (a) The President and CEO shall be responsible for maintaining a written conflict of interest policy for the Association approved by the Board of Directors. This policy shall address conflict of interest related to any director, officer, committee member, or administrative staff member of the Association (b) When any conflict of interest relates to a matter requiring action by the Board of Directors or any Committee, the interested person shall call it to the attention of the Board of Directors or the Committee before which the matter is pending, as applicable. Any other Board or Committee member may call the matter to the attention of the Board or Committee, as applicable. The interested person shall not deliberate or vote on the matter; provided, however, that any director disclosing a conflict of interest may be counted in determining the presence of a quorum at a meeting of the Board of Directors or the Executive Committee. (c) Unless requested to remain present during the meeting, the interested person shall retire from the room in which the Board of Directors or Executive Committee is meeting, and shall not participate in the final deliberation or decision regarding the matter under consideration. However, the interested person shall provide the Board or Committee, as applicable with any and all relevant information. (d) The minutes of the meeting of the Board or any Committee, as applicable, shall reflect that the conflict of interest was disclosed, that the interested person did not participate in the final discussion or vote and did not vote, and the rationale for approving the action. Form 990, Part VI, Line 15a Process to establish compensation of top management official Typically, the organization utilizes surveys and research of local, regional and national organizations of similar size and makeup to accumulate fair and reasonable compensation data for officers and key employees on an annual basis for the compensation committee to review. In fiscal year 2017, this review led to the compensation committee providing for a 0-3.5% increase in the compensation that had been established in prior year. Form 990, Part VI, Line 15b Process to establish compensation of other employees All officers and key employees included in the compensation review were as follows: Music Conductor, President & CEO, CFO, COO, and Concertmaster. This process occurs annually, per the fiscal year. Form 990, Part VI, Line 19 Required documents available to the public Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104 and are not available to the public at this time. The Nashville Symphony does, however, make its annual financial audit & the 990 available on its own website. Form 990, Part VII, Section A COMPENSATION OF DIRECTORS SIX BOARD MEMBERS SERVED AS EMPLOYED MUSICIANS OF THE NASHVILLE SYMPHONY ORCHESTRA AND RECEIVED COMPENSATION IN THEIR CAPACITY AS MUSICIANS OF THE ORCHESTRA. NONE OF THE LISTED COMPENSATION AT PART VII, SECTION A IS FOR THEIR ROLE AS BOARD MEMBERS. THESE INDIVIDUALS ARE LISTED BELOW: KATHERINE MUNAGIAN HUNTER D. SHOLAR LOUISE MORRISON LYNN PEITHMAN PATRICK WALLE CLARE YANG Form 990, Part IX, Line 11g Other Fees GUEST ARTIST FEES, SECURITY, COMMISSIONING - Total Expense: 4193407, Program Service Expense: 4193407, Management and General Expenses: , Fundraising Expenses: ; PUBLIC RELATIONS, BACKGROUND SEARCH - Total Expense: 27260, Program Service Expense: , Management and General Expenses: 27260, Fundraising Expenses: ; DONOR MARKET RESEARCH CONSULTANTS - Total Expense: 160038, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: 160038; Form 990, Part XI, Line 9 Other changes in net assets or fund balances FEMA PROCEEDS - 112315; TAX COST ADJUSTMENTS - 19176; UNCOLLECTIBLE PLEDGE ALLOWANCE - 12759; NASHVILLE SYMPHONY ENDOWMENT TRUST #2 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 620550979 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true NASHVILLE SYMPHONY ENDOWMENT TRUST #3 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 806215617 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true NASHVILLE SYMPHONY ENDOWMENT TRUST #1 CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 626222276 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true false false false false false false false false false false false false false false false false false true true NASHVILLE SYMPHONY ENDOWMENT TRUST #1 S 313329 CASH NASHVILLE SYMPHONY ENDOWMENT TRUST #1 R 139726 CASH NASHVILLE SYMPHONY ENDOWMENT TRUST #2 S 65951 CASH NASHVILLE SYMPHONY ENDOWMENT TRUST #3 S 61105 CASH