2017-03-14T19:00:08-05:00 2016-07-31 350921680 CROWE HORWATH LLP 720 Cool Springs Blvd Suite 600 Franklin TN 370677260 990 2015-08-01 620550979 Nashville Symphony Association NASH 6156876515 1 Symphony Place Nashville TN 37201 Marye Lewis CFO 2017-03-14 true rachel spurlock P00520729 6153605500 2015 2021-01-29 14:40:06Z The Nashville Symphony Alan Valentine 1 Symphony Place Nashville TN 37201 23802212 false X nashvillesymphony.org X 1946 TN The Nashville Symphony inspires, entertains, and educates through excellence in musical performance. 51 43 517 300 -461478 -461478 10603311 5813618 9476437 11575620 652485 526965 1232173 1722876 21964406 19639079 44800 34000 0 0 12052396 13061562 137475 153373 1239456 13123596 14436822 25358267 27685757 -3393861 -8046678 117274111 109322963 28087030 27941837 89187081 81381126 X 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. true false 22361677 0 13680231 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. Highlights during the 2015/16 season included Beethoven's Ninth Symphony paired with John Adams' On the Transmigration of Souls, Bach's Brandenburg Concertos, Mozart's Requiem, Beethoven's "Emperor" Piano Concerto with soloist Garrick Ohlsson, Tchaikovsky's Violin Concerto with soloist Gil Shaham, and Mahler's Third Symphony. (continued on Schedule o.) 1427336 34000 0 The Nashville Symphony offers a wide array of education and engagement programs that provide inspiration, instruction and mentorship for people of all ages, from kindergarten through high school to adulthood. Our programs seek to reach people at every stage of their development and to make music an integral part of their learning and growing experience. During the 2015/16 season, the symphony's free education and engagement programs served more than 58,000 people with more than 100,000 hours of concerts, lessons, hands-on learning opportunities and more. Programs for students include Young People's Concerts, a series of free performances for K-12 students in public, private and home schools; Sectionals, which provide resources, instruction and coaching for band and orchestra students; Is It a Fiddle or a Violin, an interactive program exploring the connections between classical and country music, presented in partnership with the Country Music Hall of Fame and Museum; and Ensembles in the Schools, which brings Symphony musicians to schools for age-appropriate presentations. (continued on schedule o.) 23789013 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 true false true false true false false false true false false false true false false false false false true true true false false true 136 0 true 517 true true true false false false false true true false false false false X 51 43 false false true 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 JAMES C SEABURY III BOARD CHAIR 1.0 X X 0 0 0 JEFFERY C WALRAVEN BOARD TREASURER 1.0 X X 0 0 0 MARK PEACOCK CHAIR-ELECT 1.0 X X 0 0 0 JENNIFER H PURYEAR BOARD SECRETARY 1.0 X X 0 0 0 ALAN D VALENTINE PRESIDENT & CEO 40.0 X X 338710 0 11585 REBECCA J COLE DIRECTOR (see schedule o.) 40.0 X 54477 0 9972 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 DAVID L BLACK 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 ROGER WEISMEYER DIRECTOR (see schedule O.) 40.0 X 62791 0 10824 JANA DAVIS DIRECTOR 1.0 X 0 0 0 BILL MINKOFF DIRECTOR 1.0 X 0 0 0 NELSON SHIELDS DIRECTOR 1.0 X 0 0 0 WANDA HADLEY 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 56096 0 4322 LYNN PEITHMAN DIRECTOR (see schedule o.) 40.0 X 53494 0 9826 BEN L CUNDIFF 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 MINDY WHITLEY DIRECTOR (see schedule o.) 40.0 X 49444 0 11708 MARTHA R INGRAM DIRECTOR 1.0 X 0 0 0 JEREMY TUCKER DIRECTOR 1.0 X 0 0 0 DAVID K MORGAN DIRECTOR 1.0 X 0 0 0 JONATHAN G WEAVER 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 56972 0 9888 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 SHIRLEY ZEITLIN DIRECTOR 1.0 X 0 0 0 MR KEVIN W CRUMBO 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 VINCE GILL DIRECTOR 1.0 X 0 0 0 MARY FALLS DIRECTOR 1.0 X 0 0 0 CHRISTOPHER HOLMES DIRECTOR 1.0 X 0 0 0 ROBERT MCNEILLY JR DIRECTOR (partial year - through april of 2016) 1.0 X 0 0 0 AMANDA MATHIS DIRECTOR 1.0 X 0 0 0 RIC POTENZ DIRECTOR 1.0 X 0 0 0 JUDITH F SIMMONS DIRECTOR 1.0 X 0 0 0 STEVEN BROSVIK COO (HIRED 4/20/2015) 40.0 X 122667 0 8962 MARYE WALKER LEWIS CFO (HIRED 8/20/2015) 40.0 X 63920 0 0 GIANCARLO GUERERRO MUSIC DIRECTOR 40.0 X 411368 0 14976 JUN IWASAKI CONCERTMASTER 40.0 X 174499 0 11477 JONATHAN NORRIS VP OF DEVELOPMENT 40.0 X 135261 0 1362 DANIEL B GROSSMAN VP OF MARKETING 40.0 X 155800 0 6866 1735499 0 111768 6 false true false William Morris Endeavor Entertainment LLC 11 Madison Ave 18th Floor NEW YORK NY 10010 Guest Artist Managment 320000 ProImage Facility Services LLC 15115 Old Hickory Blvd Ste B Nashville TN 37211 Janitorial Services 203310 Guardsmark PO Box 11407 Birmingham AL 35246 Security Services 193979 ICM Partners 10250 Constellation Blvd New York NY 10019 Guest Artist Management 149750 Crown Productions Inc 9601 Wilshire Blvd Beverly Hills CA 90210 Guest Artist Management 133395 10 0 0 1114960 0 217540 4481118 0 5813618 Ticket sales 711190 11107023 11107023 Orchestra fees 711190 468597 468597 0 0 0 0 11575620 206876 206876 1546205 2007683 -461478 0 -461478 -461478 1808583 1488494 320089 0 320089 320089 124940 1114960 521344 -396404 -396404 59375 2531 56844 56844 562384 143081 419303 419303 TICKET HANDLING CHARGES/FACILITY FEES 711190 2022791 2022791 COMMISSIONS ON ARTIST MERCH SALES & MISC VENUE 711190 81820 81820 0 0 0 0 2104611 19639079 13680231 -461478 606708 X 30000 30000 4000 4000 0 0 0 0 1804784 1048512 756272 0 0 0 0 0 9496452 8265105 481529 749818 392451 392451 531116 430132 56674 44310 836759 704036 73636 59087 112500 112500 45006 45006 66728 66728 153373 153373 67080 67080 4944835 4840004 50081 54750 1056113 919278 0 136835 158877 45354 98835 14688 264017 264017 186110 186110 1065866 980611 85255 64897 19785 34858 10254 31235 7103 20147 3985 4624376 4624376 329298 184431 144867 OTHER PRODUCTION EXPENSES 932750 932750 OTHER ADMIN EXP 412303 412303 OTHER MARKETING EXP 20225 20225 54606 42250 0 12356 27685757 23789013 2657288 1239456 9101567 6174215 0 2400000 8444016 5507801 3246087 4131812 0 0 97187 107909 873057 1199805 144844295 65459837 84728772 79384458 10783425 10416963 0 0 0 0 117274111 109322963 627201 619367 5527637 6040278 21932192 21282192 0 0 28087030 27941837 X 76030392 70836050 10548538 7906605 2608151 2638471 89187081 81381126 117274111 109322963 X -8046678 -294948 535671 X false true X true false X 10598243 4931717 8725537 10603311 5813618 40672426 8353589 7431021 10714508 11219857 13680231 51399206 0 0 0 18951832 12362738 19440045 21823168 19493849 92071632 229032 0 558983 604348 570000 1962363 0 0 0 0 0 0 229032 0 558983 604348 570000 1962363 90109269 4286378 4149269 1249087 1581111 1753081 13018926 0 4286378 4149269 1249087 1581111 1753081 13018926 0 44709 61591 578785 693270 746699 2125054 23282919 16573598 21267917 24097549 21993629 107215612 0.8404 0.8416 0.1214 0.1305 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 44709.0, COLUMN B - 61591.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 106300.0; DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 129223.0, COLUMN D - 174711.0, COLUMN E - 124940.0, COLUMN F - 428874.0; DESCRIPTION - GROSS SALES OF INVENTORY (10A), COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 449562.0, COLUMN D - 518559.0, COLUMN E - 562384.0, COLUMN F - 1530505.0; DESCRIPTION - GAMING (RAFFLE), COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 59375.0, COLUMN F - 59375.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10646267 30320 220997 497932 67080 10332572 10778281 7083 557481 625996 70582 10646267 9855873 63218 1064647 138292 67165 10778281 9187198 12664 1195452 467095 72346 9855873 9541169 23551 61163 348226 90459 9187198 0.936 0.064 0.0 false true true 4824167 4824167 129596882 60091335 69505547 9228391 5368502 3859889 1194855 1194855 79384458 0 X 21759241 -294948 338330 2150764 2194146 19565095 67080 6904 73984 19639079 29565196 338330 1614061 1952391 27612805 67080 5872 72952 27685757 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 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, 2016 AND 2015, 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, 2016 AND 2015, AND FOR THE YEARS THEN ENDED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental Expenses - 2007683 Cost of Goods Sold - 143081 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Tax Cost Adjustment - 1032 Nashville Symphony Orchestra League net activity - 5872 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expense - 2007683 Uncollectible Pledge Allowance - 62543 Cost of Goods Sold - 143081 FEMA Proceeds - -599246 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Nashville Symphony Orchestra League net activity - 5872 X X X X X X X true Bennett Direct PO BOX 0015 Milwaukee WI 53201 TELEFUNDING false 309001 153373 155628 309001 153373 155628 TN SYMPHONY BALL 710915 655057 55858 0 0 84688 80968 22200 89804 FASHION SHOW 493137 434772 58365 0 0 77902 58555 2040 85198 2 23965 17000 6965 0 0 3303 901 5451 1148 1228017 1106829 121188 0 0 165893 140424 29691 176150 512158 -390970 59375 0 0 0 2531 false 59375 0 0 0 2531 2531 56844 TN true false true false 1.0 0.0 Sam LoCascio Nashville Symphony 1 Symphony Place Nashville TN 37201 false Jonathan Norris 0 Organized raffle and recruited gift sponsors. X true 14211 Schedule G, Part I, Line 2b(v) agreement provisions - fees paid fundraiser THE CONTRACT INCLUDES SERVICES FOR DATA IMPORTING/EXPORTING AT A FIXED FEE, STATES AN HOURLY RATE FOR TELEFUNDING SERVICES AND PER PIECE PRICE FOR POSTAGE AND MAILING MATERIALS. $145,194 was paid for services and $8,179 postage and mailing materials. Schedule G, Part III, Line 17b State law mandatory charitable distributions from gaming proceeds the state of Tennessee requires 25% of the net gaming proceeds to be distributed to exempt organizations. Schedule G, Part III, Line 17 Distributions required under state law STATE=TENNESSEE,MANDATORY DISTRIBUTION AMOUNT=14211; true BLAIR SCHOOL OF MUSIC AT VANDERBILT UNIVERSITY 2301 VANDERBILT PLACE NASHVILLE TN 37240 620476822 501(c)(3) 30000 Sponsor of Curb Youth Symphony to promote music education 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. We have a close partnering with them at multiple times throughout the year, including our annual Side By Side concert. X X X false false false false false false false true false ALAN D VALENTINE PRESIDENT & CEO 332110 0 0 0 6600 0 0 0 11585 0 350295 0 0 0 GIANCARLO GUERERRO MUSIC DIRECTOR 411368 0 0 0 0 0 0 0 14976 0 426344 0 0 0 JUN IWASAKI CONCERTMASTER 174499 0 0 0 0 0 5936 0 5541 0 185976 0 0 0 DANIEL B GROSSMAN VP OF MARKETING 133260 0 22540 0 0 0 0 0 6866 0 162666 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 21282192 false true true 21282192 Form 990, Part III, Line 4a program service description 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. During the 2015/16 season, the Nashville Symphony recorded six works for forthcoming release on Naxos, all of which were included on the orchestra's Classical Series: Michael Daugherty's Once Upon a Castle; Richard Danielpour's Toward the Splendid City; Frank Ticheli's Clarinet Concerto; and Jennifer Higdon's Oboe Concerto, All Things Majestic and Viola Concerto. Of note, Higdon's Viola Concerto was commissioned by the Library of Congress, with the Nashville Symphony as co-commissioner, along with the Curtis Institute of Music and the Aspen Music Festival and School. During the 2015/16 season, the Nashville Symphony received national recognition for its artistic excellence, including a GRAMMY Award for Best Classical Compendium, presented for its recording of Stephen Paulus' Three Places of Enlightenment. Also of note, the orchestra's collaboration with Nashville-based singer-songwriter Ben Folds, So There, reached No. 1 on the Billboard Classical Albums Chart. As part of its commitment to fostering the creation of new work, the Nashville Symphony launched the Composer Lab & Workshop, which provides emerging young composers the opportunity to gain hands-on experience working with a major American orchestra. In October 2015, five composers traveled to Nashville to hear their music performed by the Nashville Symphony and to receive mentoring and feedback from Music Director Guerrero, Workshop Director Aaron Jay Kernis and other orchestra professionals. One of the participating composers, Gabriela Smith, was invited back to Nashville the following October for the performance of her inventive work Tumblebird Contrails on the orchestra's Classical Series. Form 990, Part III, Line 4b program service description The 2015/16 season also marked the launch of Accelerando, a major music education initiative for the Nashville Symphony. This program is designed to prepare gifted young students of diverse backgrounds to pursue music in college, with a long-range goal of creating professional opportunities for musicians from ethnic communities underrepresented in today's orchestras. Participating students in grades 5-12 are provided with instruction, mentorship, performance experience and assistance applying to music schools. The Nashville Symphony held auditions for the inaugural class of Accelerando in spring 2016, and the response was strong, with more than 30 applicants. Six participants were selected for the inaugural class. As part of its mission to make music accessible to everyone, the Nashville Symphony offers a number of free public programs both at Schermerhorn Symphony Center and out in the community. These include Free Day of Music, which drew 7,600 people to hear more than 20 artists performing throughout the building all day and into the night; Community Concerts, which drew 6,500 people to hear the orchestra perform in outdoor locations throughout the Middle Tennessee region; OnStage, a series inviting concertgoers to enjoy a chamber concert seated onstage with the musicians; and Let Freedom Sing!, an annual tribute to the life and legacy of Dr. Martin Luther King Jr. Form 990, Part III, Line 2 New program services The 2015/16 season also marked the launch of Accelerando, a major music education initiative for the Nashville Symphony. This program is designed to prepare gifted young students of diverse backgrounds to pursue music in college, with a long-range goal of creating professional opportunities for musicians from ethnic communities underrepresented in today's orchestras. Participating students in grades 5-12 are provided with instruction, mentorship, performance experience and assistance applying to music schools. The Nashville Symphony held auditions for the inaugural class of Accelerando in spring 2016, and the response was strong, with more than 30 applicants. Six participants were selected for the inaugural class. 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 4 Significant changes to organizational documents The organization's Bylaws were amended July 25, 2016. The only significant change in the amended Bylaws under the IRS Form 990 instructions was changing the composition of the organization's officers. Added to the defined officer ranks was a chief operating officer (COO), a description of the COO's duties and reporting lines. 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 2016, 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: REBECCA J. COLE ROGER WEISMEYER LOUISE MORRISON LYNN PEITHMAN MINDY WHITLEY CLARE YOUNG Form 990, Part IX, Line 11g Other Fees GUEST ARTIST FEES, SECURITY, COMMISSIONING - Total Expense: 4840004, Program Service Expense: 4840004, Management and General Expenses: , Fundraising Expenses: ; ADVOCACY FEES, BACKGROUND SEARCH - Total Expense: 50081, Program Service Expense: , Management and General Expenses: 50081, Fundraising Expenses: ; DONOR MARKET RESEARCH CONSULTANTS - Total Expense: 54750, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: 54750; Form 990, Part XI, Line 9 Other changes in net assets or fund balances FEMA PROCEEDS - 599246; TAX COST ADJUSTMENTS - -1032; UNCOLLECTIBLE PLEDGE ALLOWANCE - -62543; NASHVILLE SYMPHONY ENDOWMENT TRUST AGREEMENT #1 PO BOX 1802 PROVIDENCE RI 029011802 626222276 SUPPORT NASHVILLE SYMPHONY TN 501(c)(3 Type I NASHVILLE SYMPHONY ASSOCIATION true NASHVILLE SYMPHONY ENDOWMENT TRUST AGREEMENT #2 PO BOX 1908 WIM TRUST TAX SERVICES ORLANDO FL 32802 620550979 INVESTMENTS FL NASHVILLE SYMPHONY ASSOCIATION Trust true NASHVILLE SYMPHONY ENDOWMENT TRUST AGREEMENT #3 PO BOX 2886 MOBILE AL 36652 806215617 INVESTMENTS AL NASHVILLE SYMPHONY ASSOCIATION Trust true false false false false false false false false false false false false false false false false false false true Nashville Symphony Endowment Trust Agreement #1 S 388250 Cash Nashville Symphony Endowment Trust Agreement #2 S 66201 Cash Nashville Symphony Endowment Trust Agreement #3 S 60555 Cash