2016-02-09T16:09:39-06:00 2015-06-30 420714325 MCGLADREY LLP 230 N ELM ST SUITE 1100 GREENSBORO NC 27401 990 2014-07-01 581495066 NORTH CAROLINA SYMPHONY FOUNDATION NORT 9197332750 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 EDWARD M COMAN PRESIDENT 9197332750 2016-02-08 ADRIENNE MCKINNEY P00819656 3362724551 2014 2016-04-25 22:37:26Z SANDI MA MACDONALD 3700 GLENWOOD AVE NO 130 RALEIGH NC 27612 636887 0 X WWW.NCSYMPHONY.ORG X 1982 NC TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT FOR THE EXCLUSIVE USE AND BENEFIT OF THE NORTH CAROLINA SYMPHONY SOCIETY. 17 17 0 19 0 0 132231 231447 0 0 722188 322177 0 0 854419 553624 0 485507 0 0 0 0 0 0 0 607253 83111 607253 568618 247166 -14994 11858941 11861370 63895 57192 11795046 11804178 X THE PURPOSE OF THE FOUNDATION SHALL BE TO RECEIVE AND HOLD THE ENDOWMENT OF THE NORTH CAROLINA SYMPHONY SOCIETY, INCORPORATED (THE "SOCIETY") AND SOLICIT ADDITIONS TO THE ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH PRUDENT INVESTMENT OF ENDOWMENT FUNDS, AND EXPEND ENDOWMENT INCOME AND CAPITAL FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY. 0 0 485507 485507 PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT FOR THE EXCLUSIVE USE AND BENEFIT OF THE NORTH CAROLINA SYMPHONY SOCIETY. 485507 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 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 X 17 17 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X ROBERT SCHILLER 9197895490 3700 GLENWOOD AVE STE 130 RALEIGH NC 27612 X MR EDWARD M COMAN PRESIDENT 5.00 3.00 X X 0 0 0 MR RICHARD L DAUGHERTY VICE PRESIDENT 5.00 3.00 X X 0 0 0 COL MATT SEGAL TREASURER 5.00 X X 0 0 0 MRS SUSAN MONTGOMERY SECRETARY 5.00 X X 0 0 0 MRS CARROLL CLANCY MEMBER 2.00 X 0 0 0 MR JEFFREY A CORBETT EX-OFFICIO MEMBER 2.00 5.00 X 0 0 0 DR ROBERT N EBY MEMBER 2.00 X 0 0 0 DR WARNER HALL MEMBER 2.00 X 0 0 0 DR WM CHARLES HELTON MEMBER 2.00 1.00 X 0 0 0 MR DAVID HEUSER MEMBER 2.00 X 0 0 0 MR JOHN L JERNIGAN MEMBER 2.00 X 0 0 0 DR MARK E LEITHE MEMBER 2.00 X 0 0 0 MRS BONNIE MEDINGER MEMBER 2.00 X 0 0 0 MR THOMAS L NORRIS MEMBER 2.00 X 0 0 0 MR THOMAS H ROBERG MEMBER 2.00 X 0 0 0 MR DONALD M RORKE MEMBER 2.00 X 0 0 0 MR JOSIAH STEVENSON IV MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 231447 231447 405440 405440 83263 -83263 -83263 -83263 553624 0 0 322177 485507 485507 20847 20847 62264 62264 568618 485507 83111 0 255970 208494 111170 166300 8931469 9110423 2560332 2376153 11858941 11861370 63895 57192 63895 57192 X 1264089 1041837 10530957 10762341 11795046 11804178 11858941 11861370 X -14994 20145 3981 X X 0 1 X 1 0 X X X 1 NORTH CAROLINA SYMPHONY SOCIETY INC 560556755 7 1 485507 0 1 485507 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 11E-WRITTEN DETERMINATION OF TYPE FROM THE IRS THE FOUNDATION AMENDED ITS BYLAWS DURING THE YEAR TO BETTER REFLECT CONSISTENCY WITH THE REQUIREMENTS OF A TYPE I SUPPORTING ORGANIZATION. AN APPLICATION WAS FILED WITH THE IRS FOR FORMAL RECOGNITION AS A TYPE I ORGANIZATION. ALTHOUGH THE DETERMINATION WAS NOT RECEIVED UNTIL AFTER THE END OF THE FISCAL YEAR, THE FOUNDATION RECEIVED IT BEFORE THE FILING OF THE 990 AND HAD FUNCTIONED AS A TYPE I ORGANIZATION DURING THE YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8921152 380803 280196 485507 9096644 8117897 459794 869090 525629 8921152 7709148 261568 600198 453017 8117897 8004635 173026 -44687 423826 7709148 6994083 113568 1393438 496454 8004635 0.93700 0.06300 0 1 1 0 SPLIT INTEREST AGREEMENTS & BENE INTEREST IN PERP TRUSTS 2066326 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 79044 CASH VALUE OF LIFE INSURANCE 230783 2376153 OBLIGATIONS UNDER SPLIT INTEREST AGREEMENTS 57192 57192 X 573706 20145 -63 20082 553624 0 553624 79067 -4044 -4044 83111 485507 485507 568618 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT TO THE SOCIETY. THE ENDOWMENT FUNDS OF BOTH THE NORTH CAROLINA SYMPHONY SOCIETY INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE MANAGED BY AN INVESTMENT COMMITTEE, COMPRISED OF MEMBERS OF BOTH ORGANIZATIONS' BOARDS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE SYMPHONY'S TAX POSITIONS AND CONCLUDED THAT THE SYMPHONY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEEMENTS -63. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT TO CSV LIFE INSURANCE -4,044. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS TO SUPPORTED ORGANIZATION 485,507. 0 NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE SUITE 130 RALEIGH NC 27612 560556755 501(C)(3) 485507 TO SUPPORT STATEWIDE SERVICE AND MUSIC EDUCATION 1 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO ENHANCE THE PROVISION ON HOW BOARD MEMBERS ARE APPOINTED IN ORDER TO BE MORE CLEARLY CONSISTENT WITH TYPE I SUPPORTING ORGANIZATION REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 (EXCLUDING SCHEDULE B) IS REVIEWED AND APPROVED BY THE AUDIT SUBCOMMITTEE. THE FORM 990 (EXCLUDING SCHEDULE B) IS THEN MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C NORTH CAROLINA SYMPHONY HAS A CONFLICT OF INTEREST POLICY WHICH ALL TRUSTEES AND EMPLOYEES ARE REQUIRED TO COMPLETE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS -63. ADJUSTMENT TO CSV LIFE INSURANCE 4,044. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE REVIEWS THE ENTIRE FORM 990, WITH THE EXCEPTION OF DONOR INFORMATION. NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE STE 130 RALEIGH NC 27612 560556755 STATEWIDE SERVICE AND MUSIC EDUCATION NC 501(C)(3) LINE 7 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0