2017-07-13T17:42:20-05:00 2016-08-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2015-09-01 910667412 SEATTLE SYMPHONY ORCHESTRA INC SEAT 2062154700 PO BOX 21906 SEATTLE WA 981113906 SIMON WOODS PRESIDENT & CEO 2062154700 2017-07-13 1 SARA ELIZABETH J HYRE P00235495 4254544919 2017-07-07 2015 2021-01-29 14:40:06Z LESLIE JACKSON CHIHULY PO BOX 21906 SEATTLE WA 981113906 28682290 0 X WWW.SEATTLESYMPHONY.ORG X 1903 WA SEATTLE SYMPHONY UNLEASHES THE POWER OF MUSIC, BRINGS PEOPLE TOGETHER, & LIFTS THE HUMAN SPIRIT. X 47 47 598 375 24682 -2485 19192929 12860544 13609003 13129113 153642 165350 202522 836857 33158096 26991864 241847 200000 0 0 18461309 19439638 67589 0 2056451 8594362 9247548 27365107 28887186 5792989 -1895322 24376198 21731619 27700900 29997212 -3324702 -8265593 TO PRESENT SYMPHONIC MUSIC OF THE HIGHEST QUALITY IN A DISTINCTIVE WAY FOR THE CULTURAL ENRICHMENT, EDUCATION, ENGAGEMENT AND ENJOYMENT OF THE PEOPLE OF OUR COMMUNITY. 0 0 21427799 200000 13088649 THE SEATTLE SYMPHONY IS ONE OF AMERICA'S LEADING ORCHESTRAS, AND IS INTERNATIONALLY ACCLAIMED FOR ITS INNOVATIVE PROGRAMMING AND EXTENSIVE RECORDING HISTORY. THE SYMPHONY IS HEARD FROM SEPTEMBER THROUGH JULY BY MORE THAN 500,000 PEOPLE THROUGH LIVE PERFORMANCES AND BROADCASTS. IT PERFORMS IN ONE OF THE FINEST CONCERT HALLS IN THE WORLD -- THE ACOUSTICALLY SUPERB BENAROYA HALL -- IN DOWNTOWN SEATTLE. THE SYMPHONY ALSO MANAGES PERFORMANCES AND EVENTS AT BENAROYA HALL BY OTHER ARTISTIC ORGANIZATIONS, COMMUNITY GROUPS AND OTHER ORGANIZATIONS. 568473 56914 THE SEATTLE SYMPHONY OFFERS EXTENSIVE ARTS EDUCATION PROGRAMS FOR FAMILIES, TEACHERS AND STUDENTS, AND IT COLLABORATES WITH MORE THAN 70 LOCAL NONPROFIT PARTNERS TO BUILD MEANINGFUL CONNECTIONS WITH OUR COMMUNITIES. ACTIVITIES INCLUDE TEACHING ARTIST RESIDENCIES IN ELEMENTARY CLASSROOMS, EDUCATIONAL CONCERTS, FREE CONCERT TICKETS, AND ARTS-BASED PROGRAMS SERVING INDIVIDUALS AFFECTED BY HOMELESSNESS, ADDICTION, AND OTHER TRAUMA. AT SOUNDBRIDGE SEATTLE SYMPHONY MUSIC DISCOVERY CENTER, PEOPLE OF ALL AGES EXPLORE SYMPHONIC MUSIC THROUGH CLASSES, INSTRUMENT EXPLORATION, AND LIVE MUSIC PRESENTATIONS. THE SYMPHONY'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS BRING CLASSICAL MUSIC TO MORE THAN 65,000 PEOPLE EACH YEAR. 21996272 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 1 0 0 1 0 1 1 1 0 0 1 119 0 1 598 1 1 1 0 0 0 0 1 1 0 0 0 0 X 47 47 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WA X MAUREEN CAMPBELL MELVILLE 2062154700 200 UNIVERSITY STREET SEATTLE WA 98101 LESLIE JACKSON CHIHULY CHAIR 5.00 0.00 X X 0 0 0 JON ROSEN SECRETARY 2.00 0.00 X X 0 0 0 MARCO ABBRUZZESE TREASURER 2.00 2.00 X X 0 0 0 WOODY HERTZOG VICE CHAIR-DEVELOPMENT 2.00 0.00 X X 0 0 0 KRISTINE LUND VICE CHAIR-AUDIENCES & COMMUNITIES 2.00 0.00 X X 0 0 0 DICK PAUL VICE CHAIR-GOVERNANCE 2.00 0.00 X X 0 0 0 MICHAEL SLONSKI VICE CHAIR-FINANCE 2.00 3.00 X X 0 0 0 REBECCA AMATO DIRECTOR 2.00 0.00 X 0 0 0 CLAIRE ANGEL DIRECTOR 2.00 0.00 X 0 0 0 RENE ANCINAS DIRECTOR 2.00 0.00 X 0 0 0 SHERRY BENAROYA DIRECTOR 2.00 0.00 X 0 0 0 JAMES BIANCO DIRECTOR 2.00 2.00 X 0 0 0 ROSANNA BOWLES DIRECTOR 2.00 0.00 X 0 0 0 RENEE BRISBOIS DIRECTOR 2.00 0.00 X 0 0 0 PAUL BROWN DIRECTOR 2.00 0.00 X 0 0 0 AMY BUHRIG DIRECTOR 2.00 0.00 X 0 0 0 JEAN CHAMBERLAIN DIRECTOR 2.00 0.00 X 0 0 0 SUSAN DETWEILER DIRECTOR 2.00 0.00 X 0 0 0 LARRY ESTRADA DIRECTOR 2.00 0.00 X 0 0 0 NANCY EVANS DIRECTOR 2.00 1.00 X 0 0 0 KATHY FAHLMAN DEWALT DIRECTOR 2.00 0.00 X 0 0 0 JUDITH FONG DIRECTOR 2.00 0.00 X 0 0 0 BRIAN GRANT DIRECTOR 2.00 2.00 X 0 0 0 MARTIN L GREENE DIRECTOR 2.00 0.00 X 0 0 0 PATTY HALL DIRECTOR 2.00 0.00 X 0 0 0 JEAN-FRANCOIS HEITZ DIRECTOR 2.00 2.00 X 0 0 0 JOAQUIN HERNANDEZ DIRECTOR 2.00 0.00 X 0 0 0 JEFF HUSSEY DIRECTOR 2.00 0.00 X 0 0 0 WALTER INGRAM DIRECTOR 2.00 0.00 X 0 0 0 NADER KABBANI DIRECTOR 2.00 0.00 X 0 0 0 ELISABETH KETCHAM DIRECTOR 2.00 0.00 X 0 0 0 RYO KUBOTA DIRECTOR 2.00 0.00 X 0 0 0 STEPHEN KUTZ DIRECTOR 2.00 0.00 X 0 0 0 SOYOUNG KWON DIRECTOR 2.00 0.00 X 0 0 0 NED LAIRD DIRECTOR 2.00 5.00 X 0 0 0 JEFF LEHMAN DIRECTOR 2.00 0.00 X 0 0 0 DAWN LEPORE DIRECTOR 2.00 0.00 X 0 0 0 ERIC LIU DIRECTOR 2.00 0.00 X 0 0 0 BRIAN MARKS DIRECTOR 2.00 0.00 X 0 0 0 CATHERINE MAYER DIRECTOR 2.00 0.00 X 0 0 0 NANCY NERAAS DIRECTOR 2.00 0.00 X 0 0 0 COOKIE NEIL DIRECTOR 2.00 0.00 X 0 0 0 LAUREL NESHOLM DIRECTOR 2.00 2.00 X 0 0 0 SHEILA NOONAN DIRECTOR 2.00 0.00 X 0 0 0 JAY PICARD DIRECTOR 2.00 0.00 X 0 0 0 BAYAN TOWFIQ DIRECTOR 2.00 0.00 X 0 0 0 NICOLE VOGEL DIRECTOR 2.00 0.00 X 0 0 0 STEPHEN WHYTE DIRECTOR 2.00 0.00 X 0 0 0 SIMON WOODS PRESIDENT & CEO 40.00 10.00 X 450336 0 20657 MAUREEN CAMPBELL MELVILLE VICE PRESIDENT & CFO 40.00 10.00 X 154726 0 7519 LUDOVIC MORLOT MUSIC DIRECTOR 40.00 0.00 X 489713 0 20657 CHARLIE WADE SR. V.P. MARKETING & BUSINESS OPS 40.00 0.00 X 226156 0 16283 JANE HARGRAFT V.P. OF DEVELOPMENT 40.00 0.00 X 201085 0 20657 JENNIFER STEAD CAMPAIGN DIRECTOR 40.00 0.00 X 142141 0 20657 ELENA DUBINETS V.P. OF ARTISTIC PLANNING 40.00 0.00 X 129832 0 7519 JEFFREY FAIR MUSICIAN 40.00 0.00 X 126782 0 59768 JENNIFER ADAIR V.P. & GENERAL MANAGER 40.00 0.00 X 126053 0 13736 MARY LYNCH MUSICIAN 40.00 0.00 X 125182 0 17559 2172006 0 205012 23 0 1 0 NATIONAL GEOGRAPHIC SOCIETY PO BOX 400285 DES MOINES IA 50340 ARTIST REPRESENTATIVE 434483 COLUMBIA ARTISTS MANAGEMENT INC 1790 BROADWAY NEW YORK NY 10036 ARTIST REPRESENTATIVE 271500 AEG LIVE 216 1ST AVENUE SOUTH STE 320 SEATTLE WA 98104 ARTIST REPRESENTATIVE 192090 OPUS 3 NEW YORK 470 PARK AVE SOUTH 9TH FLOOR NEW YORK NY 10016 ARTIST REPRESENTATIVE 184333 IMG ARTISTS LLC 7 WEST 54TH STREET NEW YORK NY 10019 ARTIST REPRESENTATIVE 128446 12 221960 1015960 1485915 257265 9879444 241364 12860544 CONCERT REVENUE 711300 11311676 11311676 SUPPORT SERVICE FEES 532000 1114178 1114178 HALL USAGE FEE 532000 565295 360633 204662 MANAGEMENT FEE 711300 100000 100000 SOUNDBRIDGE REVENUE 711300 37964 37964 13129113 158285 158285 1230824 4000 1227759 0 3065 4000 7065 7065 333736 1015960 357742 -24006 -24006 166569 104925 61644 24682 36962 DEBT FORGIVENESS 900099 738781 738781 REIMBURSEMENT 900099 32200 32200 AUXILIARY INCOME 900099 16450 16450 11788 11788 799219 26991864 12940901 24682 1165737 200000 200000 1692252 620740 854135 217377 13072871 10482912 1785565 804394 1386418 1379237 7181 1982703 1494207 341635 146861 1305394 979843 252107 73444 33182 21455 11727 72609 10997 61612 23975 23975 2909 2909 3036873 2311033 447970 277870 1435196 1216942 134408 83846 1189279 778290 235200 175789 133162 4527 120739 7896 147360 147318 42 85642 26881 58072 689 454006 371202 57128 25676 311359 196424 114935 121806 115716 4872 1218 75972 35711 40261 CONCERT COSTS 1545706 1457506 171715 -83515 CAMPAIGN EXPENSES 255010 255010 BAD DEBT EXPENSES 129605 79605 50000 DUES & SUBSCRIPTIONS 80653 2290 73488 4875 113244 63436 37696 12112 28887186 21996272 4834463 2056451 517871 195193 635724 40178 13481614 11259776 193320 223766 21077 38054 218043 222247 874316 983159 8997874 3675646 5152616 5322228 3281617 3447018 24376198 21731619 2098654 2033812 5874378 6780097 600000 400000 6971425 6977360 12156443 13805943 27700900 29997212 X -15012821 -18137848 8362459 6481091 3325660 3391164 -3324702 -8265593 24376198 21731619 X -1895322 -3045569 X 0 1 X 1 0 X 13724556 12869720 16631989 19062929 12652544 74941738 13724556 12869720 16631989 19062929 12652544 74941738 21038505 53903233 155401 169128 158513 157925 362947 1003914 76632 61028 71230 0 208890 1020 226193 9570 35827 782769 1055379 77209921 60356805 0.69810 0.71150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 1,020. 2012 AMOUNT: $ 402. 2013 AMOUNT: $ 70. 2014 AMOUNT: $ 3,636. DEBT FORGIVENESS - 2015 AMOUNT: $ 738,781. FLEX PLAN FORFEITURES - 2012 AMOUNT: $ -1,333. PLAYERS PENSION PLAN - 2012 AMOUNT: $ 227,124. REIMBURSEMENTS - 2013 AMOUNT: $ 9,500. 2014 AMOUNT: $ 23,300. 2015 AMOUNT: $ 32,200. MERCHANDISING COMMISSION - 2014 AMOUNT: $ 5,575. 2015 AMOUNT: $ 4,926. USHER FUND - 2014 AMOUNT: $ 3,316. 2015 AMOUNT: $ 6,862. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 23975 23975 0 PART II-B, LINE 1: THE SEATTLE SYMPHONY ORCESTRA MADE PAYMENTS TO CULTURAL ACCESS WASHINGTON, AN ADVOCACY GROUP PROMOTING PUBLIC FUNDING IN THE STATE OF WASHINGTON FOR ARTS AND OTHER CULTURAL ORGANIZATIONS, AND TO WASHINGTON ARTS ALLIANCE, WHICH PROMOTES PUBLIC FUNDING, LEGISLATION AND POLICY FAVORABLE TO ARTS AND CULTURE. 15796 14076 1720 6228913 3597537 2631376 2753165 64033 2689132 5322228 BENEFICIAL INTEREST IN TRUST 3345972 DUE FROM AFFILIATES 101046 3447018 DEFERRED PENSION LIABILITY 10725943 LOAN FROM AFFILIATE 3080000 13805943 27637131 453042 64355 517397 27119734 -127870 -127870 26991864 30575710 453042 1069870 1522912 29052798 -165612 -165612 28887186 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 64,355. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -104,925. SPECIAL EVENT EXPENSE ADJUSTMENT -26,945. ALLOCATION OF CAPITAL ASSET FUND REVENUE 4,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 104,925. SPECIAL EVENT EXPENSE ADJUSTMENT 26,945. LOSS ON UNCOLLECTIBLE PLEDGES 938,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF CAPITAL ASSET FUND EXPENSES -165,612. OPENING NIGHT GALA 714800 630050 84750 76024 39727 23498 HOLIDAY SALUTE 233710 203185 30525 13 36720 16786 45371 2 401186 182725 218461 3285 11170 71175 33973 1349696 1015960 333736 3298 123914 127688 102842 357742 -24006 0 B H MUSIC CENTER PO BOX 21669 SEATTLE WA 98111 911704263 501(C)(3) 200000 FACILITY SUPPORT 1 0 X X X 0 0 0 0 0 0 0 1 0 SIMON WOODS PRESIDENT & CEO 390336 0 60000 0 0 0 0 0 20657 0 470993 0 0 0 MAUREEN CAMPBELL MELVILLE VICE PRESIDENT & CFO 154726 0 0 0 0 0 0 0 7519 0 162245 0 0 0 LUDOVIC MORLOT MUSIC DIRECTOR 489713 0 0 0 0 0 0 0 20657 0 510370 0 0 0 CHARLIE WADE SR. V.P. MARKETING & BUSINESS OPS 226156 0 0 0 0 0 0 0 16283 0 242439 0 0 0 JANE HARGRAFT V.P. OF DEVELOPMENT 201085 0 0 0 0 0 0 0 20657 0 221742 0 0 0 JENNIFER STEAD CAMPAIGN DIRECTOR 142141 0 0 0 0 0 0 0 20657 0 162798 0 0 0 JEFFREY FAIR MUSICIAN 126782 0 0 0 0 0 46152 0 13616 0 186550 0 0 0 PART I, LINE 7 SIMON WOODS IS ELIGIBLE TO RECEIVE AN ANNUAL BONUS UP TO $65,000 PER HIS EMPLOYMENT CONTRACT. DURING 2015, HE RECEIVED A $60,000 BONUS. PAUL LEACH FORMER BOARD MEMBER OPERATIONS X 1000000 400000 0 1 1 400000 X 23 212244 AVERAGE HIGH/LOW X AUCTION ITEMS 7 28245 COST/SELLING PRICE X GOODS 1 875 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPRESENTS THE NUMBER OF ITEMS RECEIVED. BUSINESS OPERATIONS/EXPENSE 2016-08-31 2293730 COST 0 0 0 0 SCHEDULE N, PART II SEATTLE SYMPHONY ORCHESTRA EXPERIENCED A REDUCTION IN NET ASSETS DURING THE YEAR ENDED AUGUST 31, 2016. THE REDUCTION IN NET ASSETS WAS A DIRECT RESULT OF REGULAR BUSINESS OPERATIONS. SPECIFIC ITEMS CONTRIBUTING TO THE REDUCTION INCLUDE A NET CHANGE IN EXCESS PENSION LIABILITY AS VALUED BY A THIRD PARTY ACTUARY ($2,171,924) AND DEPRECIATION ($121,806). FORM 990, PART I, LINE 6, VOLUNTEERS: VOLUNTEERS SERVE ON THE BOARD AND COMMITTEES, ASSIST WITH ADMINISTRATIVE AND OUTREACH ACTIVITIES, AND HELP WITH FUNDRAISING. VOLUNTEERS AND THEIR HOURS ARE TRACKED BY THE VOLUNTEER COORDINATOR. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE SEATTLE SYMPHONY ORCHESTRA ARE ANY INDIVIDUALS, HOUSEHOLDS OR ORGANIZATIONAL ENTITIES RECORDED IN THE SYMPHONY OFFICES AS MAKING A DIRECT MONETARY CONTRIBUTION DURING THE IMMEDIATE PRIOR FISCAL YEAR PERIOD OF SUCH TYPE, KIND OR AMOUNT AS THE BOARD OF DIRECTORS SHALL DETERMINE FROM TIME TO TIME. EACH MEMBER HAS ONE VOTE AT ANY MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE COMMITTEE IDENTIFIES NOMINEES FOR BOARD OF DIRECTOR POSITIONS AND SUBMITS THEM TO THE EXECUTIVE COMMITTEE FOR APPROVAL OR DISAPPROVAL OF CANDIDATES. NOMINEES MAY BE MADE BY A GROUP OF AT LEAST FIVE DIRECTORS OR A GROUP OF AT LEAST TWENTY FIVE MEMBERS. THE BOARD VOTES TO APPROVE OR DISAPPROVE OF SUCH NOMINEES FOR CONSIDERATION. THE MEMBERS OF THE SEATTLE SYMPHONY ORCHESTRA VOTE TO ELECT THE APPROVED NOMINEES TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING, THE CONTROLLER AND THE VICE PRESIDENT & CFO CONDUCT A DETAILED REVIEW OF FORM 990 AND RELATED SCHEDULES. THE BOARD AUDIT COMMITTEE ALSO REVIEWS THE REPORT PRIOR TO FILING. THE PUBLIC DISCLOSURE COPY OF THE RETURN IS AVAILABLE TO ALL BOARD MEMBERS AT THE SEATTLE SYMPHONY ORCHESTRA'S OFFICES. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH FISCAL YEAR, ALL ELECTED DIRECTORS RECEIVE THE CONFLICT OF INTEREST POLICY, THE BOARD ROLES & RESPONSIBILITIES DOCUMENT, THE CODE OF CONDUCT, AND AN ACKNOWLEDGMENT STATEMENT STATING THE DIRECTOR HAS READ AND UNDERSTANDS THESE DOCUMENTS. THE CONFLICT OF INTEREST POLICY INCLUDES DEFINITIONS AND PROCEDURES FOR AVOIDING AND/OR DEALING WITH POTENTIAL CONFLICTS BETWEEN A DIRECTOR AND THE SEATTLE SYMPHONY ORCHESTRA REGARDING FINANCIAL AND COMPENSATION MATTERS, BOTH DIRECT AND INDIRECT. PROCEDURES INCLUDE A DUTY TO DISCLOSE POTENTIAL CONFLICTS, RECUSAL FROM DECISION MAKING REGARDING ANY RELEVANT TRANSACTION OR ARRANGEMENT, AND INVESTIGATION AND ASSESSMENT OF THE IMPACT OF THE POTENTIAL TRANSACTION OR ARRANGEMENT; THESE PROCEDURES ARE SUBMITTED TO THE BOARD FOR ITS CONSIDERATION. EACH DIRECTOR SIGNS, DATES, AND RETURNS THE ACKNOWLEDGMENT STATEMENT TO THE SEATTLE SYMPHONY ORCHESTRA. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD APPROVED THE SALARY FOR THE EXECUTIVE DIRECTOR. ANY CONTRACTS FOR OFFICERS AND KEY EMPLOYEES ARE APPROVED BY THE EXECUTIVE DIRECTOR, VICE PRESIDENT OF FINANCE AND THE BOARD CHAIR. MAJOR EMPLOYMENT CONTRACTS WERE LAST REVIEWED IN THE FISCAL YEAR ENDED 2015. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. A FINANCIAL STATEMENT SUMMARY IS PUBLISHED EACH YEAR IN THE ORGANIZATION'S ANNUAL REPORT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 64,355. EXCESS PENSION LIABILITY -2,171,924. LOSS ON UNCOLLECTIBLE PLEDGES -938,000. SEATTLE SYMPHONY FOUNDATION PO BOX 21906 SEATTLE WA 981113906 911351925 SUPPORT OF SEATTLE SYMPHONY ORCHESTRA WA 501(C)(3) LINE 11A, I SEATTLE SYMPHONY ORCHESTRA 1 BH MUSIC CENTER PO BOX 21906 SEATTLE WA 981113906 911704263 OPERATION OF CONCERT HALL WA 501(C)(3) LINE 9 SEATTLE SYMPHONY ORCHESTRA 1 CHARITABLE LEAD ANNUITY TRUST (1) PO BOX 21906 SEATTLE WA 98111 INVESTMENTS WA N/A T 0 0 1 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 1 0 BH MUSIC CENTER B 200000 COST SEATTLE SYMPHONY FOUNDATION C 1485915 COST SEATTLE SYMPHONY FOUNDATION E 3080000 COST BH MUSIC CENTER K 163030 COST SEATTLE SYMPHONY FOUNDATION L 100000 COST SEATTLE SYMPHONY FOUNDATION R 196424 COST