2017-05-08T14:29:03-05:00 2016-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2015-07-01 410829498 The Saint Paul Chamber Orchestra Society SAIN 6512923248 408 St Peter Street 3rd Floor St Paul MN 55102 Beth Toso CFO 6512923248 2017-04-10 1 Deb Nelson CPA P01264758 6122536500 2017-04-10 2015 2021-01-29 14:40:06Z Jon Limbacher 408 St Peter Street 3rd Floor St Paul MN 55102 9623677 0 X www.thespco.org X 1958 MN To present world-class concerts and enrich the community with education and engagement activities. 52 48 315 218 -43135 -43135 8385674 5756242 2175345 2212246 2897055 1380677 194536 177175 13652610 9526340 0 0 0 0 6165199 6267930 113913 88837 1088249 4691895 4185543 10971007 10542310 2681603 -1015970 45782609 42823585 2932487 2792208 42850122 40031377 X The mission of The Saint Paul Chamber Orchestra Society is to present a world-class professional chamber orchestra in the Twin Cities, dedicated to superior performance, artistic innovation, and education for the enrichment of community and world audiences. 0 0 8443801 2212246 Organization SummaryRenowned for its artistic excellence, remarkable versatility of musical styles and adventurous programming, The Saint Paul Chamber Orchestra is widely regarded as one of the finest chamber orchestras in the world. Now in its 58th season, the SPCO has recently undergone transformational change with the opening of its new home, the Ordway Concert Hall, the addition of a new generation of players, and significant changes in its artistic vision. The SPCO is primarily an unconducted ensemble that performs a broad range of repertoire from Baroque to new music and works in close collaboration with a diverse group of artistic partners, including British Baroque specialist Jonathan Cohen, American pianist Jeremy Denk, Swedish (continued) (continued)clarinetist Martin Frost, Moldovan violinist Patricia Kopatchinskaja, Finnish violinist Pekka Kuusisto and Austrian conductor/violinist Thomas Zehetmair. Past Artistic Partners include Roberto Abbado, Pierre-Laurent Aimard, Joshua Bell, Douglas Boyd, Nicholas McGegan, Stephen Prutsman, Dawn Upshaw and Christian Zacharias.The virtuostic musicians of the SPCO present more than 130 concerts and educational programs each year, and are regularly heard on public radio programs that reach more than 2 million listeners each week on over 300 stations. Additionally, in the 2015-16 season the SPCO reached more than 367,000 listeners through its free online Listening Library. The SPCO has released 67 recordings, commissioned 148 new works, and tours nationally and internationally, including performances in premier venues in Europe, Asia and South America.The SPCO is nationally recognized for its commitment to broad community accessibility, its innovative audience engagement efforts, and its educational and family programming. Regular subscription series are performed in 20 different venues across the Twin Cities metropolitan area each season, a unique commitment to geographic accessibility for a major orchestra. The SPCO offers the most affordable tickets of any major orchestra in the United States, with over 50 percent of tickets available for $12 or less, and has expanded accessibility even further by offering free tickets for children and students starting in the 2016-17 season as a part of the New Generation Initiative. The orchestra also offers an innovative ticket membership model in which members pay $5 per month to attend unlimited concerts. The SPCO's award-winning CONNECT education program reaches over 5,000 students and teachers annually in 11 Minneapolis and Saint Paul public schools, in addition to 250 home school students and 1,700 distance learning students, and its Target Free Family Music program provides engaging and educational experiences for 6,500 of Twin Cities children and families each year. The SPCO's Liquid Music Series (named "Best of Classical" by The New York Times) develops innovative new projects in collaboration with iconoclastic artists and invites adventurous audiences to discover the new and the fascinating within the flourishing landscape of contemporary chamber music.For more information, visit www.thespco.org. 2015-16 SummaryThe SPCO served a record high number of unique attendees throughout the 2015-16 season and both net ticket revenue and individual giving to the Annual Fund reached all-time highs, with the total amount contributed to the Annual Fund increasing by over five percent from the previous year. In total, individuals, foundations, corporations and institutions contributed $6,360,907 to SPCO operations. 5,395 donors contributed to the SPCO in the fiscal year, with over 1,000 making recurring monthly gifts as Sustainers. As part of its three-year Next Stage Campaign, the SPCO made significant progress toward increasing the Annual Fund to $4 million, raising over $3.6 million in special project funding to date to support ambitious artistic and organizational initiatives, and raising an additional $1 million in commitments for the endowment through legacy giving.MUSICIAN LEADERSHIPThe SPCO continued to make great strides in its transformation to a primarily unconducted ensemble led by its own musicians, with 64 unconducted, musician-led performances and six SPCO musicians featured as soloists with the orchestra in the 2015-16 season. Three new musicians were hired, including violinist Maureen Nelson, violist Hyobi Sim, and oboist Barbara Bishop. In addition, the SPCO welcomed British conductor, keyboardist and cellist Jonathan Cohen to its roster of Artistic Partners. In the beginning of the 2015-16 season, the SPCO announced a two-year extension of its contract with musicians, achieved without traditional negotiations. The contract extension includes a 10 percent increase in the musicians' guaranteed minimum base salary over the course of the two-year period. SERVING AN EXPANDING AUDIENCEThe SPCO continued to build upon its long history of audience growth in the 2015-16 season, serving more than 111,000 people through its 139 concerts in 22 venues throughout the metro area, along with its additional community engagement and education programs. Nearly 1,200 people were able to experience SPCO performances through the Music Moves program, which brings free chamber music performances to people unable to attend regular concerts, such as those living in assisted living facilities, as well as patients and their families at children's hospitals and cancer treatment and recovery centers. The SPCO also served over 6,000 students through its CONNECT music education program in 12 Minneapolis and Saint Paul public schools, along with homeschool students and students participating in a distance learning program in Albert Lea. In addition, the SPCO provided 13 free concerts for families and children through its Target Free Family Music Series, generously supported by Target. The SPCO also presented 13 performances of its celebrated Liquid Music Series, which is committed to providing a platform for artists who have not yet made their mark on chamber music, with a particular focus on female artists and artists of color.2015-16 was the orchestra's first full season in the new Concert Hall at the Ordway, and audiences continued to respond enthusiastically to the intimate and acoustically excellent space. Overall, concerts at the Concert Hall were 95 percent sold and waiting lists were set up for patrons hoping to get tickets for a number of sold-out concerts throughout the year. Three additional concerts were added to the schedule to accommodate demand. Similarly, concerts in the SPCO's Neighborhood Series, Chamber Music Series, and Liquid Music Series venues were extremely full, with 89 percent of all available tickets sold overall. The strong attendance in the 2015-16 season represents another year of continued audience expansion for the SPCO. The chamber orchestra's audience has grown by nearly 50 percent in the last 12 years, during which time the SPCO has maintained its commitment to broad community accessibility, offering the most affordable ticket prices of any major American orchestra.In addition to those who experienced the SPCO in person by attending performances, the SPCO also shared its music via its free online Listening Library, which received nearly 17,000 visits from Minnesotans and over 367,000 visits from listeners worldwide in 2015-16. The SPCO was able to serve the community at this level thanks to the generosity of 5,395 individual donors and institutions who supported the orchestra philanthropically. 8443801 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 101 0 1 315 1 1 1 1 BD CJ LU 0 0 0 1 1 0 0 0 0 X 52 48 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN WI X Beth Toso 6512923248 408 St Peter Street 3rd Floor St Paul MN 55102 Bruce CoppockPresident & Managing Director (thru Dec 2015) 40.00 0.00 X X 270297 0 15706 Jon LimbacherPresident & Managing Director (as of Jan 2016) 40.00 0.00 X X 21260 0 0 Dobson West Chair 1.00 0.00 X X 0 0 0 Joseph H Tashjian Chair Elect 1.00 0.00 X X 0 0 0 AJ Huss Jr Immediate Past Chair 1.00 0.00 X X 0 0 0 Lowell J Noteboom Immediate Past Chair 1.00 1.50 X X 0 0 0 Erwin A Kelen Immediate Past Chair 1.00 1.50 X X 0 0 0 Daniel R Pennie Treasurer 1.00 0.00 X X 0 0 0 David L Lillehaug Secretary 1.00 0.00 X X 0 0 0 Thomas M Brown Director 1.00 0.00 X 0 0 0 Daria Adams Ex-Officio/Violin 30.00 0.00 X 67218 0 8148 Betty S Andrews Ex-Officio 1.00 0.00 X 0 0 0 Daniel Avchen Director 1.00 0.00 X 0 0 0 Jo Bailey Director 1.00 0.00 X 0 0 0 Debra J Berns Director 1.00 0.00 X 0 0 0 Theresa Bevilacqua Director 1.00 0.00 X 0 0 0 Penny Chally Ex-Officio 1.00 0.00 X 0 0 0 Jon C Cieslak Director 1.00 0.00 X 0 0 0 Richard J Cohen Director 1.00 0.00 X 0 0 0 Sheldon W Damberg Director 1.00 0.00 X 0 0 0 Nina Tso-Ning Fan Ex-Officio/Violin 30.00 0.00 X 62029 0 12105 Judith Garcia Galiana Director 1.00 0.00 X 0 0 0 Bonnie Grzeskowiak Director 1.00 0.00 X 0 0 0 Ingrid Lenz Harrison Director 1.00 0.00 X 0 0 0 Andrina Hougham Director 1.00 0.00 X 0 0 0 Amy Hubbard Director 1.00 0.00 X 0 0 0 Arthur W Kaemmer MD Director 1.00 0.00 X 0 0 0 D William Kaufman Director 1.00 0.00 X 0 0 0 Robert L Lee Director 1.00 0.00 X 0 0 0 Laura Liu Director 1.00 0.00 X 0 0 0 Wendell Maddox Director 1.00 0.00 X 0 0 0 Stephen H Mahle Director 1.00 0.00 X 0 0 0 Richard M Martinez Director 1.00 0.00 X 0 0 0 Jerome Miranowski Director 1.00 0.00 X 0 0 0 Alfred P Moore Director 1.00 0.00 X 0 0 0 Betty Myers Ex-Officio 1.00 0.00 X 0 0 0 David Myers Director 1.00 0.00 X 0 0 0 Jenny Lind Nilsson Director 1.00 0.00 X 0 0 0 Deborah J Palmer Director 1.00 0.00 X 0 0 0 Paula J Patineau Director 1.00 0.00 X 0 0 0 Nicholas S Pifer Director 1.00 0.00 X 0 0 0 Shawn Quant Director 1.00 0.00 X 0 0 0 Andrew J Redleaf Director 1.00 1.50 X 0 0 0 Paul C Reyelts Director 1.00 0.00 X 0 0 0 Donald E Ryks Director 1.00 0.00 X 0 0 0 Anthony C Scarfone Director 1.00 0.00 X 0 0 0 Daniel J Schmechel Director 1.00 0.00 X 0 0 0 Fred Sewell Director 1.00 0.00 X 0 0 0 Ronald Sit Director 1.00 0.00 X 0 0 0 Charles Ullery Ex-Officio/Bassoon 30.00 0.00 X 82173 0 13528 Scott Wilensky Director 1.00 0.00 X 0 0 0 Elizabeth Willis Director 1.00 0.00 X 0 0 0 Priscilla Zee Director 1.00 0.00 X 0 0 0 Beth Toso Chief Financial Officer 40.00 0.00 X 102500 0 10970 Kyu-Young Kim Artistic Director/Violin 40.00 0.00 X 166098 0 10700 Jessica Etten Sr. Dir. Develop. & External Affairs 40.00 0.00 X 110667 0 6047 Steven Copes Musician/Violin 30.00 0.00 X 188850 0 32839 Ruggero Allifranchini Musician/Violin 30.00 0.00 X 149156 0 18980 Zachary Cohen Musician/Bass 30.00 0.00 X 102696 0 22934 Kathryn Greenbank Musician/Oboe 30.00 0.00 X 100512 0 25855 1423456 0 177812 8 0 1 0 SD & A Teleservices 5757 West Century Blvd 300 Los Angeles CA 62041 Telefunding and Telemarketing 132045 Success Computer Consulting 6130 Golden Hills Drive Golden Valley MN 55416 Consulting Services 116747 2 23040 454930 5278272 287714 5756242 Ticket Revenue 711130 1959839 1959839 Concerts For A Fee 711130 134580 134580 Recording And Other 711130 117827 117827 2212246 663381 -43135 706516 750 0 750 750 750 792119 0 74823 792119 -74823 717296 717296 6885 23040 22514 -15629 -15629 Other Investment Income 900099 192054 192054 192054 9526340 2212246 -43135 1600987 898566 576788 180599 141179 168499 168499 4161407 3448515 236452 476440 274433 239875 12303 22255 417206 338274 25581 53351 347819 277543 28343 41933 42314 3083 26138 13093 18900 18480 420 45817 35067 10750 88837 88837 186115 186115 200603 180877 800 18926 300518 185031 49710 65777 243474 160899 47677 34898 614841 473464 88214 53163 284926 236403 18119 30404 10782 6587 3930 265 15570 15570 168439 135314 13782 19343 17493 17493 Concert/Production Expe 1992036 1992036 43715 3120 23380 17215 10542310 8443801 1010260 1088249 256787 316570 4746655 3850480 25316 22024 168614 151039 2868816 1982418 581492 886398 15416096 18394422 20566073 15565296 172231 82241 3849345 3555115 45782609 42823585 1125951 831409 1152805 1106163 215984 653731 638652 2932487 2792208 X -1017533 -2823501 4382540 3628600 39485115 39226278 42850122 40031377 45782609 42823585 X -1015970 -1338969 -463806 X 0 1 X 1 0 X 5586949 7785647 5677767 8385674 5767932 33203969 5586949 7785647 5677767 8385674 5767932 33203969 1842046 31361923 407864 334513 424678 628403 664131 2459589 171826 177377 183463 188672 192054 913392 36576950 8649719 0.85740 0.86490 X Schedule A, Part II, Line 10, Explanation of Other Income: Distribution from perpetual trust - 2011 Amount: $ 171,826. 2012 Amount: $ 177,377. 2013 Amount: $ 183,463. 2014 Amount: $ 188,672. 2015 Amount: $ 192,054. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38962172 174293 -574038 1648333 261635 36652459 39433543 124597 1303679 1609334 290313 38962172 37046470 19003 4212178 1597770 246338 39433543 36159926 140000 2512142 1586604 178994 37046470 38601579 -692606 1587629 161418 36159926 0.97560 0.02440 1 1 1 66798 12004 54794 2778018 1970414 807604 24000 24000 886398 Absolute Return Strategies 9327113 F Private Equity 2577253 F Real Assets 3660930 F 15565296 Beneficial interest in charitable trusts 3555115 3555115 Deferred gifts 353652 Line of credit 285000 638652 X 7275815 -1338969 -725441 -2064410 9340225 186115 186115 9526340 10094560 0 10094560 186115 261635 447750 10542310 Part V, Line 4: The Endowment consists of pooled funds restricted for the long-term support of The Saint Paul Chamber Orchestra. The Endowment is invested for purposes of earning income (dividends, interest, and realized and unrealized gains). The income can generally be used to offset fund management expenses, operating fund additional support, or be reinvested in accordance with the SPCO's investment policy. Restricted endowment income is used for its intended purpose. Part X, Line 2: SPCO is organized as a Minnesota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi), and has been determined not to be a private foundation under Section 509(a)(1). SPCO is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, SPCO is subject to income tax on net income that is derived from business activities that are unrelated to the exempt purpose. SPCO files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. SPCO believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. SPCO would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Change in value of beneficial interest in charitable trusts -445,147. Change in value of gift annuities -77,915. Change in discount on pledges receivable 61,745. Change in discount on accrued liability -2,489. Fundraising Expense -261,635. Part XII, Line 4b - Other Adjustments: Fundraising expenses 261,635. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Endowment Investments 11446000 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 1 Endowment Investments 976000 East Asia and the Pacific 0 0 Program Services Performances 59255 0 1 0 0 0 1 12481255 0 12481255 0 0 0 0 0 0 Part I, Line 2: The organization does not award grants or assistance outside the United States. The organization has investment activities and touring program activities outside the United States. X X X X X X X 1 S D & A 5757 W Century Blvd 300 Los Angeles CA 90045 Telefunding 0 94482 88837 6005 94482 88837 6005 MN WI Opening Night 16350 13410 2940 1167 9862 940 2634 Closing Night 12100 9630 2470 662 1319 850 3762 1 1475 1475 420 783 115 29925 23040 6885 2249 11964 1790 6511 22514 -15629 X X X X 0 0 0 0 0 0 0 0 0 Bruce CoppockPresident & Managing Director (thru Dec 2015) 269847 0 0 0 450 0 14850 0 856 0 286003 0 0 0 Kyu-Young Kim Artistic Director/Violin 165685 0 0 0 413 0 10700 0 0 0 176798 0 0 0 Steven Copes Musician/Violin 188400 0 0 0 450 0 18489 0 14350 0 221689 0 0 0 Ruggero Allifranchini Musician/Violin 148706 0 0 0 450 0 13415 0 5640 0 168211 0 0 0 Elsa Nilsson Family Member of Current Board Member 168499 Compensation 0 0 X 39 281217 Average High/Low X Other 32 6497 Cost 0 0 1 0 Form 990, Part III, Line 4a NEW LEADERSHIP AND NEW STRATEGIC PLAN The 2015-16 season marked a significant change in leadership of the SPCO. In January, Jon Limbacher began his tenure as Managing Director and President and SPCO Principal Violinist Kyu-Young Kim became Artistic Director. Kim's appointment represents the culmination of the SPCO's efforts to have its musicians lead the organization artistically and marks the first time a major American orchestra has appointed a current member of the orchestra as Artistic Director. Upon assuming leadership of the SPCO, Limbacher and Kim led the staff, board and musicians through an inclusive and collaborative strategic planning process. With the goal of continuously adding value to the Twin Cities community and enriching lives by sharing transformational performances with the broadest possible audience, the following strategic imperatives will guide the SPCO's work over the next five years: * Present distinctive and transformational performances of chamber orchestra repertoire and chamber music and continuously elevate the artistic quality of the orchestra for the benefit of our community; * Increase the number of people who experience our music in Minnesota, with a primary focus on the Twin Cities metro area, both through live concert attendance and digital audio and video; * Increase the number of audience members who are young, with a particular focus on children, young parents and college students; * Develop an audience and SPCO family that are reflective of our Twin Cities community, with a particular emphasis on racial and ethnic diversity; * Develop financial resources and practices that provide stability through expanded fundraising and responsible stewardship of resources; and * Create an extraordinary internal culture where all members of the organization are engaged and feel valued Form 990, Part VI, Section A, line 1 The Board of Directors may designate an Executive Committee with such members and duties as may be specified by the Board of Directors from time to time. All Executive Committee members shall be Directors. The Executive Committee shall at all times be subject to the control and direction of the Board of Directors. One-third (1/3) of the Executive Committee shall constitute a quorum. A majority of the votes cast shall govern in every matter voted upon. Form 990, Part VI, Section A, line 2 Paula Patineau and Joe Tashjian have a family relationship. Jenny Lind Nilsson and Charless Ullery have a family relationship. Form 990, Part VI, Section A, line 6 The organization's voting members consist of the members of the Board of Directors and the Governing Members of the organization. All persons and organizations that contribute or pledge at least $2,500 during the organization's most recent or current fiscal year may elect to be designated as a Governing Member. Form 990, Part VI, Section A, line 7a Each year the Governance Committee of the Board of Directors submits a list of recommended nominees for approval by the voting members at the Annual Meeting. Form 990, Part VI, Section B, line 11 The return is reviewed by the Chief Financial Officer and Finance Committee prior to Board review. A copy of the Form 990 is provided to the Board and approved before it is filed. Form 990, Part VI, Section B, line 12c All officers, directors, and key employees are required to sign a conflict of interest form annually. The Executive Assistant reviews the forms and forwards any items noted to the Governance Committee for review. The restrictions imposed on a person with a conflict are determined by the Governance Committee and would typically include a restriction from voting on matters related to the conflict. Form 990, Part VI, Section B, line 15 For the President & Managing Director position, rebuttable presumptions data is compiled and reviewed and the general parameters of the employment agreement is compared against this data before the employment agreement is finalized. Annually, a review committee of board members undertakes a performance evaluation of the President and addresses the President's compensation. Other officers or key employees follow the regular organization-wide practices where compensation is reviewed periodically with industry salary survey data and is commensurate with the position and experience of the individual. Annual reviews are conducted that are linked with changes in compensation. If appropriate, rebuttable presumption data is reviewed and compared for the other officers or key employees. Form 990, Part VI, Section C, line 19 The organization posts its audited financial statements on its website, and these statements are also available upon request. Governing documents and the conflict of interest policy are available to the public upon request and at the organization's discretion. Form 990, Part XI, line 9: Change in value of beneficial interest in charitable trust -445,147. Change in discount on pledges receivable 61,745. Change in discount on accrued liability -2,489. Change in value of gift annuities -77,915. Oakleaf Endowment Trust for the SPCO 1800 IDS Center Minneapolis MN 55402 416429380 Support St. Paul Chamber Orchestra MN 501(c)(3) Line 11a, I St Paul Chamber Orchestra Society 1 Chamberleaf Inc 3033 Excelsior Blvd Ste 300 Minneapolis MN 55416 263062443 Support St. Paul Chamber Orchestra MN 501(c)(3) Line 11a, I St Paul Chamber Orchestra Society 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Oakleaf Endowment Trust for the SPCO S 192054 Accrual Chamberleaf Inc S 600000 Accrual