2017-11-10T11:01:38-06:00 2017-06-30 271780668 HUBBARD DAVIS CPAS LLP 990 LAKE HUNTER CIRCLE STE 207 MOUNT PLEASANT SC 29464 990 2016-07-01 576000192 CHARLESTON SYMPHONY ORCHESTRA CHAR 8437237528 2133 N HILLSIDE DRIVE CHARLESTON SC 29407 MICHAEL A SMITH EXECUTIVE DIRECTOR 8437237528 2017-11-10 1 ZOE DAVIS P01057590 8438813315 2017-11-09 67.223.0.101 2017-11-10 12:01:19 ES P D687F2D5A2F6D0A2D3F8E5BB2EE485A29C43EC1C D687F2D5A2F6D0A2D3F8E5BB2EE485A29C43EC1C 2016 2021-01-29 14:40:06Z MICHAEL A SMITH 2133 N HILLSIDE DRIVE CHARLESTON SC 29407 3503925 0 X WWW.CHARLESTONSYMPHONY.ORG X 1936 SC OUR VISION IS TO BE A WORLD-CLASS ORCHESTRA FOR A WORLD-CLASS CITY.THE MISSION OF THE CHARLESTON SYMPHONY ORCHESTRA IS TO INSPIRE AND ENGAGE OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS. WE WILL EDUCATE, CHALLENGE, AND INSPIRE STUDENTS THROUGH MUSICAL EXPERIENCES. 25 25 275 150 21450 -8666 1891129 1921897 1695984 1507827 17900 19408 28245 54793 3633258 3503925 0 0 0 0 2227634 2200325 0 0 298724 1348024 1289746 3575658 3490071 57600 13854 2186552 2212960 1214406 1189028 972146 1023932 X OUR MISSION IS TO INSPIRE AND ENGAGE OUR COMMUNITY THROUGH EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL PROGRAMS. WE WILL EDUCATE, CHALLENGE, AND INSPIRE STUDENTS THROUGH MUSICAL EXPERIENCES. OUR VISION IS TO BE A WORLD-CLASS ORCHESTRA FOR A WORLD-CLASS CITY.OUR VALUES:EXCELLENCE SETS US APART - WE SET AND MAINTAIN THE HIGHEST STANDARDS FOR OUR PEOPLE, OUR PERFORMANCES AND OUR EDUCATIONAL PROGRAMS. WE ENCOURAGE THE DEVELOPMENT OF OUR PEOPLE. WE CONTINUALLY STRIVE FOR EXCELLENCE IN ALL WE DO. ENGAGEMENT IS OUR NUMBER ONE COMMITMENT - WE WANT OUR MUSIC TO MAKE AN EMOTIONAL CONNECTION WITH OUR AUDIENCES. OUR AIM IS TO EVOKE A POSITIVE RESPONSE AT SOME LEVEL WHENEVER WE PERFORM. TRANSPARENCY DESCRIBES HOW WE COMMUNICATE - WE STRIVE TO HAVE OPEN, TRANSPARENT TWO-WAY COMMUNICATIONS BETWEEN OUR MUSICIANS, STAFF, AND BOARD OF DIRECTORS AS WELL AS WITH OUR DONORS AND PATRONS. WE STRIVE TO LISTEN AND UNDERSTAND EACH OTHER'S PERSPECTIVES AND RESPOND OPENLY ON ALL ISSUES. 0 0 2521588 1507827 FOUNDED IN 1936, THE CHARLESTON SYMPHONY ORCHESTRA (CSO) IS CENTRAL TO THE ARTS AND CULTURAL COMMUNITY OF CHARLESTON, SOUTH CAROLINA. THE CSO PERFORMS THROUGHOUT THE TRI-COUNTY AREA OF CHARLESTON, DORCHESTER, AND BERKELEY COUNTIES, PROVIDING HIGH-QUALITY PERFORMANCES OF SYMPHONIC, POPS, AND CHAMBER MUSIC AS WELL AS IMPACTFUL EDUCATION AND OUTREACH PROGRAMS FOR STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE. THE 2016-2017 SEASON WAS THE ORCHESTRA'S 80TH ANNIVERSARY AND INCLUDED MANY MISSION HIGHLIGHTS. THE CSO COMPLETED A SEVENTH CONSECUTIVE YEAR WITH A MODEST OPERATING SURPLUS.THE CSO BEGAN THE SEASON WITH AN OPENING GALA PERFORMANCE AT THE GAILLARD CENTER FEATURING LEGENDARY PIANIST, LEON FLEISHER, PERFORMING RAVEL'S PIANO CONCERTO FOR THE LEFT HAND. OTHER NEW ARTISTIC INITIATIVES INCLUDED COLLABORATIONS WITH WORLD FAMOUS MUSICIANS IN CONCERT WITH THE CSO "CORE" MUSICIANS. EXAMPLES INCLUDED A SOLD-OUT PERFORMANCE OF THE CANADIAN BRASS PERFORMING WITH THE CSO BRASS QUINTET, THE SHANGHAI QUARTET PERFORMING WITH THE CSO STRING QUARTET, AND AN ALL-BACH CHAMBER PERFORMANCE FEATURING MEZZO SOPRANO MARYANN MCCORMICK OF THE METROPOLITAN OPERA. IN ADDITION, THE CSO REACHED INTO THE COMMUNITY BY PERFORMING ITS ANNUAL HOLY CITY MESSIAH, PERFORMED IN CHURCHES IN SUMMERVILLE, CHARLESTON, AND MT. PLEASANT. THE CSO CONTINUED TO USE TECHNOLOGY TO BROADEN ITS REACH OUTSIDE THE CHARLESTON MARKET AND TO REACH THOSE THAT ARE NO LONGER ABLE TO ATTEND PERFORMANCES IN PERSON. TO THAT END, THE CSO LIVESTREAMED ITS FINAL MASTERWORKS PERFORMANCE OF MAHLER'S FIFTH SYMPHONY, WHICH GARNERED THOUSANDS OF ON-LINE AUDIENCE MEMBERS FROM AROUND THE GLOBE. THE CSO CONTINUED TO BE A GOOD STEWARD OF ITS FUNDS BY INVESTING MORE THAN 83% OF ITS EXPENSES INTO PROGRAM-RELATED ACTIVITIES. THE CSO CONTINUED ITS PURSUIT OF A SUSTAINABLE BALANCE BETWEEN TICKET SALES AND CONTRIBUTIONS. THIS YEAR, 54% OF REVENUE WAS FROM CONTRIBUTIONS AND 46% WAS FROM TICKET SALES.THE CSO HAS ESTABLISHED AND IS PROUD TO NURTURE A COLLABORATIVE WORKING ENVIRONMENT AMONGST THE BOARD, THE STAFF, THE MUSICIANS, AND THE CHARLESTON COMMUNITY. 365641 THE CSO CONTINUED ITS COMMITMENT TO EDUCATION IN TRI-COUNTY SCHOOLS BY PROVIDING EDUCATIONAL PROGRAMMING FOR OVER 90 SCHOOLS IN CHARLESTON, DORCHESTER, AND BERKELEY COUNTIES, REACHING OVER 21,000 STUDENTS. THE CSO INVESTED $365,000 AND ABOUT ONE THIRD OF THE CORE MUSICIANS' TIME TO EDUCATIONAL AND OUTREACH PROGRAMS.THE CSO CONTINUED ITS STRONG PARTNERSHIP WITH THE CHARLESTON SYMPHONY YOUTH ORCHESTRA PROVIDING STUDENT MUSICIANS WITH SECTIONAL COACHINGS AND SIDE-BY-SIDE EVENTS WITH CSO MUSICIANS AND MUSIC DIRECTOR, KEN LAM. OUR TWO CHAMBER MUSIC SERIES FOR FAMILIES, SALTWATER SOUNDS AT THE SC AQUARIUM AND STORY TIME AT THE MAIN BRANCH OF THE CHARLESTON COUNTY PUBLIC LIBRARY, PRESENT FREE, CHILD-FRIENDLY CONCERTS TO FAMILIES WITH YOUNG CHILDREN. BOTH OF THESE SPECIAL EVENTS TEACH CHILDREN ABOUT THE INSTRUMENTS OF THE ORCHESTRA AND OFFER HANDS-ON EXPERIENCE AT THE INSTRUMENT PETTING ZOO, WHICH IS SPONSORED BY CSO AFFILIATE ORGANIZATION, THE CHARLESTON SYMPHONY ORCHESTRA LEAGUE. OVER 1,500 CHILDREN AND PARENTS ATTENDED PERFORMANCES THIS SEASON.THE CSO OFFERED TWO DISTINCT AGE-CURATED YOUNG PEOPLE'S CONCERTS, ONE FOR STUDENTS IN GRADES K-5 AND A MORE MATURE PROGRAM FOR STUDENTS IN GRADES 6-12. IN OCTOBER, 3,000 STUDENTS IN GRADES 6-12 ATTENDED BEETHOVEN TO BERNSTEIN, WHICH INCLUDED STANDARD SYMPHONIC MUSIC ALONG WITH BRAND NEW COMPOSITIONS. THIS PROGRAM ALLOWED STUDENTS TO EXPLORE MUSIC WITH CONNECTIONS TO CLASSIC LITERATURE, HISTORICAL EVENTS, SCIENCE, AND OTHER SUBJECTS.IN MARCH, 3,154 STUDENTS IN GRADES K-5 ATTENDED THE ORCHESTRA MOVES; AN INTERACTIVE CONCERT IN WHICH STUDENTS PARTICIPATED BY SINGING, DANCING, AND PLAYING THE RECORDER ALONG WITH THE CSO. THIS "LINK UP" CONCERT WAS PRESENTED IN PARTNERSHIP WITH CARNEGIE HALL AND INCLUDED A TWO-HOUR PROFESSIONAL LEARNING WORKSHOP FOR EDUCATORS. AS PART OF OUR MUSICIANS IN SCHOOLS PROGRAM, CSO MUSICIANS PERFORMED AT PUBLIC AND PRIVATE SCHOOLS AT NO COST TO PARTICIPATING SCHOOLS. THESE ENGAGING PROGRAMS ARE MORE THAN JUST CONCERTS; STUDENTS LEARN ABOUT THE INSTRUMENTS AND HAVE TIME TO ASK QUESTIONS. THIS SEASON, THE CSO GAVE 154 PERFORMANCES AT 90 SCHOOLS THROUGHOUT THE LOWCOUNTRY, OF WHICH 42 PERCENT WERE TITLE I SCHOOLS.THE CSO'S "COMPOSITION AND CRITIQUE" PROGRAM LEAD STUDENTS TO DISCOVER PARALLELS BETWEEN THE LITERARY ARTS AND MUSIC COMPOSITION. STUDENT COMPOSERS FROM THE COLLEGE OF CHARLESTON ASSISTED PARTICIPANTS WITH COMPOSING MUSIC TO REPRESENT A FICTIONAL STORY. THE NEW WORKS FROM THIS PROGRAM WERE THEN PREMIERED AT THE YOUNG PEOPLE'S CONCERT. THE CSO ALSO PROVIDED NEW DISTRICT-ACCREDITED PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR TRI-COUNTY K-12 EDUCATORS. LED BY CSO MUSIC DIRECTOR KEN LAM AND/OR CSO DIRECTOR OF EDUCATION MITSUKO FLYNN, THESE WORKSHOPS FOCUSED ON COLLABORATION IN MUSIC, ARTS INTEGRATION, STRING TECHNIQUES, CONDUCTING, AND THE YOUNG PEOPLE'S CONCERTS CURRICULA. 0 UNIQUE INTERACTIONS. 2887229 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 25 0 1 275 1 1 1 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 SC X X MICHAEL SMITH 8437237528 2133 N HILLSIDE DRIVE CHARLESTON SC 29407 ROY OWEN DIRECTOR 1.00 X 0 0 0 ROGER STEEL DIRECTOR 1.00 X 0 0 0 JAMES RAVENEL DIRECTOR 1.00 X 0 0 0 LEE HIGDON DIRECTOR 1.00 X 0 0 0 BYRON STAHL DIRECTOR 1.00 X 0 0 0 JERRY THEOS DIRECTOR 1.00 X 0 0 0 CYNTHIA HARTLEY PRESIDENT 6.00 X X 0 0 0 MICHAEL MOODY TREASURER & VP OF FINANCE 6.00 X X 0 0 0 CAROL FISHMAN VICE PRESIDENT, ARTISTIC 2.00 X X 0 0 0 KEVIN GARVEY VICE PRESIDENT, DEVELOPMENT & MARKETING 2.00 X X 0 0 0 PAUL HILSTAD VICE PRESIDENT, NOMINATING & GOVERNANCE 2.00 X X 0 0 0 JUDY CHITWOOD DIRECTOR 1.00 X 0 0 0 WILLIAM COOK DIRECTOR 1.00 X 0 0 0 ELLEN CLAUSSEN DAVIS DIRECTOR 1.00 X X 0 0 0 JULIE FENIMORE DIRECTOR 1.00 X 0 0 0 LENNA MACDONALD DIRECTOR 1.00 X 0 0 0 CLYDE HIERS DIRECTOR 1.00 X 0 0 0 PFREDERICK KAHN DIRECTOR 1.00 X 0 0 0 BECKY HILSTAD DIRECTOR 1.00 X 0 0 0 MARY AGNES BURNHAM HOOD DIRECTOR 1.00 X 0 0 0 ANN HURD THOMAS DIRECTOR 1.00 X 0 0 0 PHYLLIS MILLER DIRECTOR 1.00 X 0 0 0 ROBERT SCHLAU PAST PRESIDENT 1.00 X 0 0 0 ROBERT SIEDELL DIRECTOR 1.00 X 0 0 0 EDWARD HART DIRECTOR 1.00 X 0 0 0 MICHAEL SMITH EXECUTIVE DIRECTOR 60.00 X 105177 0 0 105177 0 0 1 0 0 0 0 195700 142625 1583572 41256 1921897 CONCERT REVENUE 711130 1344174 1344174 SOLD SERVICES REVENUE 711130 163653 163653 1507827 19408 19408 OTHER INCOME 900099 33343 33343 PROGRAM ADVERTISING 541800 21450 21450 54793 3503925 1541170 21450 19408 X 105177 90452 4207 10518 1760544 1514068 70422 176054 25836 22219 1292 2325 164121 141144 6565 16412 144647 124396 5786 14465 74633 74633 351336 332823 5289 13224 283852 237684 46168 53308 46448 6860 20298 20298 93023 67627 12698 12698 10812 10812 CONCERT HALL RENTAL 94993 94993 MISCELLANEOUS 93847 78677 15170 PRODUCTION COST 73808 73808 INSURANCE 50796 50796 89040 89040 3490071 2887229 304118 298724 876298 983917 400992 464945 485752 368243 63208 33705 159516 129635 41828 29881 318474 332269 2186552 2212960 97618 87256 754644 754928 17134 11998 345010 334846 1214406 1189028 X 497700 602403 349246 421529 125200 0 972146 1023932 2186552 2212960 13854 37932 0 X 0 1 X 1 0 X 1684823 1912838 1993041 1658944 1921897 9171543 883591 891786 970544 1695984 1507827 5949732 2568414 2804624 2963585 3354928 3429724 15121275 97452 118342 124810 162202 183181 685987 0 97452 118342 124810 162202 183181 685987 14435288 6676 55899 60830 17900 19408 160713 6676 55899 60830 17900 19408 160713 16192 13918 46905 98228 54793 230036 2591282 2874441 3071320 3471056 3503925 15512024 0.93060 0.93200 0.01040 0.01250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 400992 25000 57265 13924 4388 464945 411336 25000 -16006 14789 4549 400992 377682 25200 11475 3021 411336 324952 56285 3555 377682 270623 25000 32366 3037 324952 0.71000 0.29000 1 0 85506 69774 15732 74010 59861 14149 29881 NONDEPRECIABLE ASSETS 332269 332269 X 3541857 37932 37932 3503925 0 3503925 3464235 -25836 -25836 3490071 0 3490071 PART X, LINE 2: US GAAP REQUIRES MANAGEMENT TO EVALUATE INCOME TAX POSITIONS TAKEN BY THE ORGANIZATION AND TO RECOGNIZE AN INCOME TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS"). THE ORGANIZATION HAS IDENTIFIED ITS INCOME TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT INCOME TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH INCOME TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEFERRED PENSION OBLIGATION X BALDWIN GRAND PIANO 1 13000 FMV X PROGRAM MATERIALS 1 9782 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PAUL HILSTAD AND BECKY HILSTAD ARE BOARD MEMBERS AND THEY ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD OF DIRECTORS, EXECUTIVE DIRECTOR AND SEPARATELY THE AUDIT AND FINANCE COMMITTEE OF THE CHARLESTON SYMPHONY ORCHESTRA ARE GIVEN AN ALLOTED TIME TO REVIEW THE FORM 990 BEFORE IT IS FILED. ANY CHANGES NOTED DURING THE REVIEW PERIOD ARE MADE PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND SIGN AN ASSURANCE TO THAT EFFECT. ANY CONFLICTS SO DISCLOSED ARE INVESTIGATED AND RESOLVED. DURING THE YEAR, IF ANY OTHER CONFLICTS ARE MADE AWARE TO THE BOARD AND MANAGEMENT, THEY WOULD PURSUE AND RESOLVE THOSE ISSUES WITH THE OFFICER OR BOARD MEMBER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE CHARLESTON SYMPHONY ORCHESTRA DOES NOT COMPENSATE ANY OFFICERS OR DIRECTORS, EXCEPT FOR THE EXECUTIVE DIRECTOR. EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY IN CONJUNCTION WITH THE OPERATING BUDGET PROCESS, WHICH IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE CHARLESTON SYMPHONY ORCHESTRA PROVIDES ACCESS TO ITS FORM 1023 UPON REQUEST AND FORM 990 IS POSTED ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 EACH YEAR OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AND SIGN AN ASSURANCE TO THAT EFFECT. ANY CONFLICTS SO DISCLOSED ARE INVESTIGATED AND RESOLVED. DURING THE YEAR, IF ANY OTHER CONFLICTS ARE MADE AWARE TO THE BOARD AND MANAGEMENT, THEY WOULD PURSUE AND RESOLVE THOSE ISSUES WITH THE OFFICER OR BOARD MEMBER IN QUESTION. FORM 990, PART IX, LINE 11G ARTIST RELATED COST: PROGRAM SERVICE EXPENSES 49,928. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,928. GUEST ARTIST: PROGRAM SERVICE EXPENSES 169,171. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,171. CONTRACT ARTISTS: PROGRAM SERVICE EXPENSES 113,724. MANAGEMENT AND GENERAL EXPENSES 5,289. FUNDRAISING EXPENSES 13,224. TOTAL EXPENSES 132,237. CHARLESTON SYMPHONY ORCHESTRA LEAGUE INC PO BOX 22613 CHARLESTON SC 29413 542133879 FUNDRAISING FOR CSO SC 501(C)(3) LINE 9 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHARLESTON SYMPHONY ORCHESTRA LEAGUE INC C 195700 FAIR VALUE