2017-04-18T16:45:23+00:00 2016-05-31 351181189 UMBACH & ASSOCIATES LLP CPAS 400 BENTEE WES CT EVANSVILLE IN 477154060 990 2015-06-01 350965634 EVANSVILLE PHILHARMONIC ORCHESTRA EVAN 8124255050 P O BOX 84 EVANSVILLE IN 47701 GARY WAGNER EXECUTIVE DIRECTOR 8124255050 2017-04-17 true DARRYL C SPURLOCK CPA P00215172 8124772244 2017-04-17 2015 2021-01-29 14:40:06Z GARY WAGNER 3377098 false X EVANSVILLEPHILHARMONIC.ORG X 1934 IN TO PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY. 35 34 113 188 0 877128 1245162 696580 723101 221621 84362 -24818 -15509 1770511 2037116 0 0 1009123 1064745 0 55812 848442 992377 1857565 2057122 -87054 -20006 4303402 3997135 486273 334363 3817129 3662772 TO PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY. false false 1120688 723101 CONCERT SERIES - 6 CLASSICAL AND 8 POPS 309863 YOUTH ORCHESTRA CONCERTS - YOUNG PEOPLE'S CONCERTS FOR ELEMENTARY SCHOOL CHILDREN, LOLLIPOPS FOR PRESCHOOL & KINDERGARTEN CHILDREN, SYMPHONY OF COLOR, AND YOUNG ARTIST COMPETITION 127105 OTHER SINGLE CONCERTS - 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THE ORIGINAL GIFT (PRINCIPAL) AMOUNTS ARE MAINTAINED INTO PERPETUITY. THE PHILHARMONIC OPERATES UNDER INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIC PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAXIMIZE TOTAL RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK. THE ORGANIZATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A MODERATE RATE OF RETURN ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. MANAGEMENT HAS BEEN MONITORING ITS ENDOWMENT INVESTMENTS WITH THE OBJECTIVE OF PRESERVING PRINCIPAL. SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE CORPORATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 107(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE CORPORATION'S FEDERAL FORM 990 AND INDIANA FORM NP-20 ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2013. SCHEDULE D, PAGE 4, PART XI, LINE 2D GALA, & OTHER SPECIAL EVENTS EXPENSE 27,884 SCHEDULE D, PAGE 4, PART XII, LINE 2D GALA, & OTHER SPECIAL EVENTS EXPENSE 27,884 GALA 44107 31732 12375 2400 10289 6083 9048 44107 31732 12375 2400 10289 6083 9048 27820 -15445 FORM 990, PAGE 6, PART VI, LINE 2 RICHARD EYKAMP RITA EYKAMP BOARD MEMBER BOARD MEMBER SPOUSES FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED FORM 990, PAGE 6, PART VI, LINE 15A YES, COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE. REVIEWS OF BOTH THE EXECUTIVE DIRECTOR AND MUSIC DIRECTOR ARE CONDUCTED ON AN ANNUAL BASIS. OTHER ORGANIZATIONAL STAFF POSITIONS ARE REVIEWED ANNUALLY BY EITHER THE EXECUTIVE DIRECTOR AND/OR MUSIC DIRECTOR, DEPENDING ON THE CLASSIFICATIONS OF THE EMPLOYEES. EXTERNAL DATA (PROVIDED BY THE LEAGUE OF AMERICAN ORCHESTRAS) IS USED AS A REFERENCE FOR COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B YES, COMPENSATION OF THE MUSIC DIRECTOR WAS ALSO REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED BY THE ORCHESTRA UPON REQUEST. FORM 990, PART IX, LINE 11G FEES FOR SERVICES 339,202 10,648 2,700 FORM 990, PART XI, LINE 9 GALA, & OTHER SPECIAL EVENTS EXPENSE 27,884 GALA, & OTHER SPECIAL EVENTS EXPENSE -27,884