2017-04-17T16:09:45-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2015-07-01 066100039 THE STAMFORD SYMPHONY ORCHESTRA INC STAM 2033251407 263 TRESSER BLVD STAMFORD CT 06901 BARBARA SOROCA CEO & PRESIDENT 2033251407 2017-04-13 1 GARRETT M HIGGINS P00543209 2033232400 2017-04-13 2015 2021-01-29 14:40:06Z BARBARA SOROCA 263 TRESSER BLVD STAMFORD CT 06901 2744168 0 X WWW.STAMFORDSYMPHONY.ORG X 1977 CT THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PERFORM AND ENCOURAGE THE UNDERSTANDING, APPRECIATION, AND STUDY OF THE ART OF MUSIC. THE ORGANIZATION MANAGES AND SUPERVISES THE STAMFORD SYMPHONY ORCHESTRA, AS WELL AS PROVIDING EDUCATIONAL AND OUTREACH PROGRAMS. 26 26 132 75 0 0 808320 888114 440188 448537 87385 46319 35100 3690 1370993 1386660 12625 5250 0 0 956926 972502 0 0 129524 438072 466393 1407623 1444145 -36630 -57485 1654257 1661140 336119 377209 1318138 1283931 THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PERFORM AND ENCOURAGE THE UNDERSTANDING, APPRECIATION, AND STUDY OF THE ART OF MUSIC. THE ORGANIZATION MANAGES AND SUPERVISES THE STAMFORD SYMPHONY ORCHESTRA, AS WELL AS PROVIDING EDUCATIONAL AND OUTREACH PROGRAMS. 0 0 997214 436937 CLASSICAL RECITAL AND MUSICAL PERFORMANCES THROUGHOUT THE YEAR. INCREASED ACCESSIBILITY TO LIVE CLASSICAL MUSIC TO A BROADER RANGE OF THE COMMUNITY, INCLUDING CHILDREN. 5250 5250 11600 EDUCATION OUTREACH PROGRAMS FOR ALL AGES OF SCHOOL CHILDREN IN STAMFORD AND OTHER FAIRFIELD COUNTY SCHOOLS. 1002464 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 132 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT X BARBARA SOROCA 2033251407 263 TRESSER BLVD STAMFORD CT 069013236 ALAN MCINTYRE CHAIRMAN 1.00 X X 0 0 0 MICHAEL PULEO VICE CHAIRMAN 1.00 X X 0 0 0 DANIEL KOHN VICE PRESIDENT 1.00 X X 0 0 0 STEVEN C PARRISH VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL MAYONE TREASURER 1.00 X X 0 0 0 PENNY YOUNG SECRETARY 1.00 X X 0 0 0 SAM ABERNETHY BOARD MEMBER 1.00 X 0 0 0 STEPHEN ALPERT BOARD MEMBER 1.00 X 0 0 0 PETER ANKER BOARD MEMBER 1.00 X 0 0 0 RICHARD BLOMBERG BOARD MEMBER 1.00 X 0 0 0 COLETTE CHESTNUT BOARD MEMBER (THRU 06/2016) 1.00 X 0 0 0 DR AARON FLAGG BOARD MEMBER 1.00 X 0 0 0 JEFF FORD BOARD MEMBER 1.00 X 0 0 0 JULIE H FORRESTER-ALEXANDRE BOARD MEMBER 1.00 X 0 0 0 SHARI GOODSTEIN BOARD MEMBER 1.00 X 0 0 0 TOMAS HAENDLER BOARD MEMBER 1.00 X 0 0 0 ROBERT C HALL BOARD MEMBER 1.00 X 0 0 0 THOMAS HERBIG BOARD MEMBER 1.00 X 0 0 0 DANIEL JOHNSON BOARD MEMBER 1.00 X 0 0 0 JOHN JOVE BOARD MEMBER 1.00 X 0 0 0 ANN KREACIC BOARD MEMBER (THRU 06/2016) 1.00 X 0 0 0 ROBERT LARDON BOARD MEMBER (THRU 06/2016) 1.00 X 0 0 0 KATHERINE MICHELE BOARD MEMBER 1.00 X 0 0 0 ARNOLD RUTKIN BOARD MEMBER 1.00 X 0 0 0 ANDRES SIEFKEN BOARD MEMBER 1.00 X 0 0 0 JOSEPH STEUERT BOARD MEMBER 1.00 X 0 0 0 DAMON VOCKE BOARD MEMBER 1.00 X 0 0 0 ROBERT WHITBY BOARD MEMBER 1.00 X 0 0 0 HELENA YOON BOARD MEMBER 1.00 X 0 0 0 BARBARA SOROCA CEO & PRESIDENT 40.00 X 175886 0 54343 175886 0 54343 1 0 1 0 0 100920 29508 757686 888114 SUBSCRIPTIONS & BOX OFFICE 711130 394852 394852 CONTRACT PERFORMANCE FEES 711130 38290 38290 PROGRAM BOOK 711130 11600 11600 MUSIC STAND AND RELATED FEES 711130 3795 3795 448537 52494 52494 1305337 1311512 -6175 -6175 -6175 49360 100920 45996 3364 3364 OTHER INCOME 900099 326 326 326 1386660 448537 0 50009 X 5250 5250 236802 158657 52096 26049 588863 394538 129550 64775 48295 32358 10625 5312 34259 22954 7537 3768 64283 33414 25383 5486 14500 14500 177169 139630 33807 3732 60906 60906 91840 72947 10447 8446 3729 2611 1118 6990 6990 56145 42059 9860 4226 27667 27006 463 198 2746 2746 3881 2639 1242 8482 8482 MISC OPERATING EXPENSES 12338 3116 2808 6414 1444145 1002464 312157 129524 4971 6438 122365 199902 87880 16475 12858 17928 100732 83012 21601 17720 1404582 1402677 1654257 1661140 36497 45003 220001 205934 79621 126272 336119 377209 X 967171 921710 350967 362221 1318138 1283931 1654257 1661140 X -57485 51778 -28500 X X 0 1 X 1 0 X 853734 777237 790730 779820 888114 4089635 853734 777237 790730 779820 888114 4089635 885312 3204323 58910 71617 65331 72867 52494 321219 27452 9301 33880 3364 73997 4140 3280 1629 1220 326 10595 4495446 2165590 0.71280 0.71790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 4,140. 2012 AMOUNT: $ 3,280. 2013 AMOUNT: $ 1,629. 2014 AMOUNT: $ 1,220. 2015 AMOUNT: $ 326. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6500 6500 0 94232 76512 17720 17720 DEFERRED COMPENSATION LIABILITY 126272 126272 X 1465616 51778 55678 107456 1358160 28500 28500 1386660 1499823 55678 55678 1444145 0 1444145 PART X, LINE 2: THE SYMPHONY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE SYMPHONY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SYMPHONY IS NOT SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAX JURISDICTIONS FOR PERIODS PRIOR TO 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: WRITE-OFF OF UNCOLLECTIBLE CONTRIBUTIONS REPORTED ON PART XI, LINE 9 28,500. GALA 150280 100920 49360 8305 33818 500 3373 150280 100920 49360 8305 33818 500 3373 45996 3364 1 SCHOLARSHIP 3 5250 PART I, LINE 2: THE STUDENT APPLYING FOR THE SCHOLARSHIP MUST SUBMIT A COPY OF THEIR TRANSCRIPT DEMONSTRATING THAT THEY ARE A MUSIC MAJOR AND THAT THEY MAINTAINED A GPA OF 3.0 OR BETTER. IF THE STUDENT IS AWARDED THE SCHOLARSHIP, IT IS PAID DIRECTLY TO THE SCHOOL THEY ATTEND IN ORDER TO ENSURE THAT IT IS USED FOR TUITION. X 0 1 0 0 0 0 0 1 0 BARBARA SOROCA CEO & PRESIDENT 163386 0 12500 0 0 0 50251 0 4092 0 230229 0 0 0 PART I, LINE 4B FORM 990, SCHEDULE J, PART I, LINE 4 (B) BARBARA SOROCA, CEO & PRESIDENT OF THE STAMFORD SYMPHONY ORCHESTRA, INC., PARTICIPATED IN A 457(F) DEFERRED COMPENSATION PLAN IN THE CURRENT YEAR. BARBARA SOROCA EARNED $46,651 OF DEFERRED COMPENSATION IN FISCAL YEAR 2016 AND THE AMOUNT IS REPORTED IN FORM 990, SCHEDULE J, PART II, LINE 1 (C), RETIREMENT AND OTHER DEFERRED COMPENSATION. PART I, LINE 7 BARBARA SOROCA RECEIVED A BONUS IN THE AMOUNT OF $12,500 WHICH WAS INCLUDED IN HER 2015 W-2. FORM 990, PART VI, SECTION B, LINE 11 1. THE CEO AND THE AUDIT COMMITTEE OF THE ORGANIZATION WILL REVIEW THE FORM 990 PRIOR TO CIRCULATING IT TO THE GOVERNING BODY (BOARD MEMBERS) TO ENSURE THAT IT CORRECTLY REFLECTS ALL ACTIVITIES AND POLICIES OF THE ORGANIZATION. 2. AFTER THE AUDIT COMMITTEE'S REVIEW, THE FORM 990 WILL BE CIRCULATED TO THE GOVERNING BODY. ANY QUESTIONS, SUGGESTIONS OR CONCERNS FROM ANY BOARD MEMBER WITH RESPECT TO THE FORM 990 WILL BE ADDRESSED BY A MEMBER OF THE AUDIT COMMITTEE PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES ARE REQUIRED TO DISCLOSE WHEN THEY COME ONTO THE BOARD OF DIRECTORS OR ARE HIRED, ANY CONFLICT OF INTEREST THEY MAY HAVE FOR ANY MATTER THAT COMES BEFORE THE BOARD OF DIRECTORS. ANNUALLY, A CONFLICT OF INTEREST DISCLOSURE STATEMENT WILL BE COMPLETED AND REVIEWED. ANY CONFLICTS ARE REVIEWED BY THE BOARD MEMBERS WITHOUT A CONFLICTING INTEREST. THE PERSON WITH THE CONFLICT MAY NOT VOTE ON THE TRANSACTION, HOWEVER THEY MAY BE PRESENT TO ANSWER QUESTIONS. THE BOARD SECRETARY WILL DOCUMENT THE BOARD'S DECISION AND THE BASIS FOR THEIR DETERMINATION IN THE MINUTES TO THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT/CEO'S BASE COMPENSATION IS SUBJECT TO REVIEW EACH FISCAL YEAR. HIS/HER SALARY IS GENERALLY INCREASED IN LINE WITH THE COST-OF-LIVING INCREASE GRANTED TO THE SSO FULL-TIME STAFF. HOWEVER, THE PRESIDENT/CEO WILL BE ELIGIBLE TO EARN AN ANNUAL PERFORMANCE BONUS TO THE EXTENT THAT HE/SHE MEETS AND EXCEEDS GOALS AGREED UPON IN ACCORDANCE WITH THE PROCEDURES SET FORTH BELOW. EARLY IN EACH FISCAL YEAR, THE PRESIDENT/CEO MEETS WITH THE BOARD CHAIR AND THE CHAIR OF THE PERSONNEL COMMITTEE TO AGREE UPON THE PRESIDENT/CEO'S PERFORMANCE OBJECTIVES FOR THE COMING YEAR. GOALS ARE BOTH QUALITATIVE AND QUANTITATIVE. THE PRESIDENT/CEO'S PERFORMANCE IS REVIEWED BY THE BOARD CHAIR AND THE CHAIR OF THE PERSONNEL COMMITTEE AFTER THE END OF EACH FISCAL YEAR, AT WHICH TIME, THE PERSONNEL COMMITTEE MEETS TO DETERMINE WHETHER PAYMENT OF A BONUS TO THE PRESIDENT/CEO IS APPROPRIATE AND, IF SO, THE AMOUNT OF THE BONUS. THE AMOUNT OF THE PRESIDENT/CEO'S RECOMMENDED BONUS AND THE AMOUNT OF THE COST OF LIVING INCREASE GRANTED TO THE PRESIDENT/CEO AND ALL OTHER MEMBERS OF THE SSO FULL TIME STAFF IS PRESENTED TO THE BOARD FOR APPROVAL AT AN EXECUTIVE SESSION AT WHICH ONLY BOARD MEMBERS ARE PRESENT AND AT WHICH THE PRESIDENT/CEO IS NOT PRESENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE COPIES OF ITS CERTIFICATE OF INCORPORATION, BYLAWS (WHICH INCLUDE THE CONFLICT OF INTEREST POLICY) AND THE AUDITED FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G GUEST ARTISTS: PROGRAM SERVICE EXPENSES 64,595. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,595. GUEST CONDUCTOR: PROGRAM SERVICE EXPENSES 6,050. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,050. STAGE HANDS: PROGRAM SERVICE EXPENSES 26,461. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,461. OTHER THEATRE PERSONNEL: PROGRAM SERVICE EXPENSES 13,636. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,636. RECORDING ENGINEER: PROGRAM SERVICE EXPENSES 1,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,750. CONSULTANTS: PROGRAM SERVICE EXPENSES 27,138. MANAGEMENT AND GENERAL EXPENSES 33,807. FUNDRAISING EXPENSES 3,732. TOTAL EXPENSES 64,677. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE CONTRIBUTIONS -28,500. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.