2016-05-11T13:37:03-05:00 2015-06-30 420714325 RSM US LLP 1 South Wacker Suite 800 Chicago IL 60606 990 2014-07-01 362167823 Chicago Symphony Orchestra CHIC 3122943333 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 3122943210 2016-05-09 Zack Fortsch P00052725 3126343400 2014 2016-08-17 19:52:53Z Jeff Alexander 220 S Michigan Avenue Chicago IL 606042559 124328846 0 X www.cso.org X 1890 IL To present classical music to Chicago, national and international audiences. 134 128 1193 892 -132443 -201495 56685141 35119674 29069324 31156061 16429985 18077822 357884 366767 102542334 84720324 769160 764095 0 0 47445920 46409095 602005 550141 3821975 31665522 31437009 80482607 79160340 22059727 5559984 528711667 519503965 206064076 215627711 322647591 303876254 X The central mission of the Chicago Symphony Orchestra Association is to present classical music through the Chicago Symphony Orchestra to Chicago, national and international audiences.The mission is supported by four mutually reinforcing elements:Artistic excellence: continued international preeminence in the field of orchestral excellenceAudience development: leading audience development initiativesEducation: superior education and community programsFinancial stability: fiscal responsibility for long-term stability 0 0 50566789 25198115 Chicago Symphony Orchestra Concerts -- During the 2014/15 season, the CSO presented 153 concert programs for more than 369,000 patrons. Two commissions were included in the repertoire, both world premieres. The CSO tour schedule included concerts in five foreign and two domestic cities. The free Concert for Chicago led by Maestro Muti at Millennium Park in downtown Chicago drew more than 20,000 people. The CSO began the season with concerts featuring Beethoven's Ninth Symphony. A webcast of the concert was viewed online more than 353,000 times in more than 200 countries and provinces. The CSO performed two concerts at The Morton Arboretum in DuPage County drawing an audience of more than 8,500. Contracted by the Ravinia Festival Association for an annual summer residency, the CSO performed 21 concerts at Ravinia Park. 4942206 3468330 Symphony Center Presents Concerts -- Symphony Center Presents is the CSO's guest artist series featuring well-known classical artists and musicians from outside the classical genre, at Symphony Center. A total of 49 concerts were presented during the fiscal year, with more than 77,200 tickets sold for jazz, chamber music, orchestra, piano, and new music events. These concerts featured established artistic leaders and up-and-coming musicians and welcomed diverse audiences to hear a wide variety of musical styles. SCP programs include an Orchestra series, Chamber Music series, Piano series, and Jazz at Symphony Center. SCP Jazz is one of the most comprehensive and widely heralded jazz series in the country, spotlighting some of the world's most famous jazz artists. 3126226 506391 Education Concerts and Activities -- The Negaunee Music Institute at the Chicago Symphony Orchestra presents approximately 20 annual programs sharing music's transformative power with youth, teachers, families, seniors, and underserved populations. Approximately 40,000 children from 125 schools experienced almost 40 School and Family concerts in 2014/15, and approximately 400 teachers, musicians, teaching artists, and volunteers were trained to share music with students and communities. The Institute conducted nearly 300 in-school programs, including events in Chicago Public Schools and juvenile detention facilities. Free tickets and transportation and free concerts in schools, parks, and community venues demonstrate the importance of music as a part of everyday life. 143378 Retail Sales - Music-related merchandise is available for purchase at The Symphony Store. 308589 Rentals and Commissions - A Club is available to donors for dining prior to CSO concerts. 1128384 854119 Rentals and Commissions - Performance space provided to Chicagoland arts organizations. 197992 237738 Rentals and Commissions - Restaurant provided to donors for dining prior to or after concerts. 129638 522763 Rentals and Commissions - Parking lot provided for audiences' convenience to attend concerts. 198947 76076 Rentals and Commissions - Concessions are provided for audiences attending concerts. 1395424 224455 Media and Royalty - Radio Broadcast series, In-house recording label, audio recordings in compact disc and digital download formats. 179047 Other Program Services - Includes new program initiatives. 2130027 764095 65075 Civic Orchestra Concerts -- The Civic Orchestra of Chicago is the only pre-professional orchestra of its type associated with a major American orchestra. Preparing young musicians for success in today's diverse professional music landscape, the Civic offers world-class training in performance protocol under the guidance of some of the most prominent artistic leaders in the world, including CSO musicians, Yo-Yo Ma, and conductors and guest artists featured in the CSO season. During the 2014/15 season, the Civic Orchestra of Chicago reached approximately 15,000 audience members through concerts at Symphony Center, community venues, neighborhood and school engagement events, and special public performances. The 2014/15 season marked the expansion of the Civic Fellowship into a two-year curricular enhancement, building on the previous seasons' pilot year. Eight Civic musicians enjoyed enhanced leadership responsibilities within Civic and mentorship under Yo-Yo Ma, CSO musicians, and regional ensembles specializing in audience engagement. Fellows worked primarily in ensembles and groups to prepare for the increasingly independent work of the second year of the fellowship curriculum. To date, more than 700 Civic alumni have earned professional positions with top orchestras across the globe. During the 2014/15 season, four Civic musicians and recent alumni earned positions with professional ensembles. 5811426 764095 1980226 64446647 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 240 0 1 1193 1 1 1 0 0 0 0 1 1 0 0 0 0 X 134 128 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X Isabelle C GoossenVP and CFO 3122943301 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President - Starting January 2015 40.00 X X 0 0 0 Jay L Henderson Chairman 1.70 X X 0 0 0 Frank M Clark Vice Chairman 0.40 X X 0 0 0 Joyce T Green Vice Chairman 0.50 X X 0 0 0 W Robert Reum Vice Chairman 0.70 X X 0 0 0 Frederick H Waddell Vice Chairman 0.60 X X 0 0 0 Paul R Wiggin Vice Chairman 1.00 X X 0 0 0 Peter D McDonald Treasurer 0.70 X X 0 0 0 James L Alexander Life Trustee 0.10 X 0 0 0 Mrs Robert A Beatty Life Trustee 0.10 X 0 0 0 Marshall Bennett Life Trustee 0.10 X 0 0 0 Melvyn Bergstein Life Trustee 0.10 X 0 0 0 Arnold M Berlin Life Trustee 0.10 X 0 0 0 William G Brown Life Trustee 0.10 X 0 0 0 Dean L Buntrock Life Trustee 0.10 X 0 0 0 Robert N Burt Life Trustee 0.10 X 0 0 0 Richard W Colburn Life Trustee 0.20 X 0 0 0 Richard H Cooper Life Trustee 0.10 X 0 0 0 James S Crown Life Trustee 0.30 X 0 0 0 Joanne S Crown Life Trustee 0.10 X 0 0 0 Anthony T Dean Life Trustee 0.10 X 0 0 0 Debora de Hoyos Life Trustee 0.30 X 0 0 0 John A Edwardson Life Trustee 0.10 X 0 0 0 Sidney Epstein Life Trustee 0.10 X 0 0 0 Thomas J Eyerman Life Trustee 0.10 X 0 0 0 James B Fadim Life Trustee 0.20 X 0 0 0 David W Fox Sr Life Trustee 0.10 X 0 0 0 Richard J Franke Life Trustee 0.10 X 0 0 0 Cyrus F Freidheim Jr Life Trustee 0.20 X 0 0 0 H Laurance Fuller Life Trustee 0.10 X 0 0 0 Mrs Robert W Galvin Life Trustee 0.10 X 0 0 0 Paul C Gignilliat Life Trustee 0.10 X 0 0 0 Joseph B Glossberg Life Trustee 0.40 X 0 0 0 William A Goldstein Life Trustee 0.30 X 0 0 0 Howard L Gottlieb Life Trustee 0.10 X 0 0 0 Mrs Richard H Gottlieb Life Trustee 0.20 X 0 0 0 Chester A Gougis Life Trustee 0.40 X 0 0 0 Richard Gray Life Trustee 0.10 X 0 0 0 Mary Winton Green Life Trustee 0.10 X 0 0 0 Dietrich Gross Life Trustee 0.10 X 0 0 0 Joan W Harris Life Trustee 0.20 X 0 0 0 John H Hart Life Trustee 0.30 X 0 0 0 Thomas C Heagy Life Trustee 0.10 X 0 0 0 Mrs Roger B Hull Life Trustee 0.10 X 0 0 0 Judith W Istock Life Trustee 0.30 X 0 0 0 William R Jentes Life Trustee 0.30 X 0 0 0 Paul R Judy Life Trustee 0.10 X 0 0 0 Richard B Kapnick Life Trustee 0.20 X 0 0 0 Donald G Kempf Jr Life Trustee 0.10 X 0 0 0 George D Kennedy Life Trustee 0.10 X 0 0 0 Mrs John C Kern Life Trustee 0.10 X 0 0 0 Fred A Krehbiel Life Trustee 0.10 X 0 0 0 Charles Ashby Lewis Life Trustee 0.10 X 0 0 0 Eva F Lichtenberg Life Trustee 0.20 X 0 0 0 John S Lillard Life Trustee 0.10 X 0 0 0 Donald G Lubin Life Trustee 0.10 X 0 0 0 James W Mabie Life Trustee 0.90 X 0 0 0 R Eden Martin Life Trustee 0.10 X 0 0 0 Arthur C Martinez Life Trustee 0.10 X 0 0 0 Judith W McCue Life Trustee 0.70 X 0 0 0 Lester H McKeever Life Trustee 0.10 X 0 0 0 Newton N Minow Life Trustee 0.10 X 0 0 0 John D Nichols Life Trustee 0.10 X 0 0 0 James J O'Connor Life Trustee 0.20 X 0 0 0 William A Osborn Life Trustee 0.20 X 0 0 0 Mrs Albert Pawlick Life Trustee 0.20 X 0 0 0 Jane DiRenzo Pigott Life Trustee 0.40 X 0 0 0 Richard Pigott Life Trustee 0.10 X 0 0 0 Mrs Neil K Quinn Life Trustee 0.10 X 0 0 0 John M Richman Life Trustee 0.10 X 0 0 0 John W Rogers Jr Life Trustee 0.40 X 0 0 0 Jerry Rose Life Trustee 0.20 X 0 0 0 Frank A Rossi Life Trustee 0.20 X 0 0 0 Cynthia M Sargent Life Trustee 0.10 X 0 0 0 John R Schmidt Life Trustee 0.10 X 0 0 0 Irving Seaman Jr Life Trustee 0.10 X 0 0 0 Thomas C Sheffield Jr Life Trustee 0.10 X 0 0 0 Rita Simo Life Trustee 0.10 X 0 0 0 Scott C Smith Life Trustee 0.30 X 0 0 0 Robert C Spoerri Life Trustee 0.10 X 0 0 0 William C Steinmetz Life Trustee 0.30 X 0 0 0 Carl W Stern Life Trustee 0.40 X 0 0 0 Roger W Stone Life Trustee 0.10 X 0 0 0 William H Strong Life Trustee 0.10 X 0 0 0 Louis C Sudler Jr Life Trustee 0.10 X 0 0 0 Richard L Thomas Life Trustee 0.20 X 0 0 0 Peggy Y Thomson Life Trustee 0.10 X 0 0 0 Richard P Toft Life Trustee 0.20 X 0 0 0 Charles A Tribbett Life Trustee 0.10 X 0 0 0 John Aalbregtse Trustee 0.30 X 0 0 0 William Adams IV Trustee 0.70 X 0 0 0 Douglas J Bade Trustee 0.10 X 0 0 0 Katherine Barber Trustee 0.10 X 0 0 0 Randy Lamm Berlin Trustee 0.10 X 0 0 0 Wayne D Boberg Trustee 0.10 X 0 0 0 Laurence O Booth Trustee 0.10 X 0 0 0 Kay Bucksbaum Trustee 0.10 X 0 0 0 Robert Buford Trustee 0.10 X 0 0 0 Gregory C Case Trustee 0.10 X 0 0 0 Bruce E Clinton Trustee 0.20 X 0 0 0 Daniel J Doherty Trustee 0.10 X 0 0 0 Charles Douglas Trustee 0.50 X 0 0 0 Timothy A Duffy Trustee 0.30 X 0 0 0 Brian W Duwe Trustee 0.10 X 0 0 0 Rajiv Fernando Trustee 0.10 X 0 0 0 Rick Fezell Trustee 0.70 X 0 0 0 Mark D Gerstein Trustee 0.10 X 0 0 0 Richard C Godfrey Trustee 0.10 X 0 0 0 Thomas M Goldstein Trustee 0.40 X 0 0 0 Mary Louise Gorno Trustee 0.50 X 0 0 0 Joseph A Gregoire Trustee 0.10 X 0 0 0 Anne Dias Griffin Trustee 0.10 X 0 0 0 David P Hackett Trustee 0.30 X 0 0 0 Lori Julian Trustee 0.20 X 0 0 0 Susan R Kiphart Trustee 0.10 X 0 0 0 Robert Kohl Trustee 0.60 X 0 0 0 Joseph A Konen Trustee 0.70 X 0 0 0 Josef Lakonishok Trustee 0.20 X 0 0 0 Patty Lane Trustee 0.10 X 0 0 0 Susan C Levy Trustee 0.10 X 0 0 0 John F Manley Trustee 0.20 X 0 0 0 Ling Z Markovitz Trustee 0.30 X 0 0 0 Alan R May Trustee 0.10 X 0 0 0 Mark G McGrath Trustee 0.60 X 0 0 0 David E McNeel Trustee 0.50 X 0 0 0 Christopher Melvin Trustee 0.10 X 0 0 0 Sylvia Neil Trustee 0.30 X 0 0 0 Thomas F O'Toole Trustee 0.10 X 0 0 0 Jose Luis Prado Trustee 0.20 X 0 0 0 John M Pratt Trustee 0.30 X 0 0 0 Dr Irwin Press Trustee 0.30 X 0 0 0 Col Jennifer N Pritzker Trustee 0.10 X 0 0 0 Alexander I Rorke Trustee 0.20 X 0 0 0 Burton X Rosenberg Trustee 0.30 X 0 0 0 Earl J Rusnak Trustee 0.70 X 0 0 0 E Scott Santi Trustee 0.10 X 0 0 0 Alejandro Silva Trustee 0.40 X 0 0 0 Walter Snodell Trustee 0.30 X 0 0 0 Elizabeth Stein Trustee 0.10 X 0 0 0 Russ M Strobel Trustee 0.10 X 0 0 0 Hugh D Sullivan Trustee 0.10 X 0 0 0 Nasrin Thierer Trustee 0.20 X 0 0 0 Liisa Thomas Trustee 0.10 X 0 0 0 Penny Van Horn Trustee 0.40 X 0 0 0 William A Von Hoene Jr Trustee 0.30 X 0 0 0 Eric E Whitaker Trustee 0.10 X 0 0 0 Robert A Wislow Trustee 0.20 X 0 0 0 Helen Zell Trustee 0.30 X 0 0 0 Isabelle Goossen Assistant Treasurer 40.00 X 242196 0 12699 Karen Lewis Alexander VP for Development 40.00 X 310742 0 24812 Karen Rahn Secretary 40.00 X 69213 0 14331 Riccardo Muti Music Director 40.00 X 1140000 0 0 Robert Chen Concertmaster 40.00 X 505819 0 44144 John Sharp Principal Cello 40.00 X 302592 0 49552 Christopher Martin Principal Trumpet 40.00 X 298928 0 37447 Eugene Izotov Principal Oboe 40.00 X 274000 0 38416 Deborah F Rutter Former President - Ending June 2014 40.00 X 305318 0 10562 3448808 0 231963 138 1 1 0 Riccardo Muti 220 S Michigan Avenue Chicago IL 606042559 Artist Performances 1636869 Travtours Incorporated 72171 Highway 111 Suite 202 Palm Desert CA 92260 Travel Services 1029008 Opus 3 Artists 470 Park Ave South 9th Floor North New York NY 10016 Artist Performances 920838 AlliedBarton Security Services PO Box 828854 Philadelphia PA 191828854 Security Services 762162 Gemini Graphics Inc 860 West Lake Street Roselle IL 601722891 Printing Services 635434 54 1378084 263100 33478490 4771754 35119674 Ticket Sales 711190 22668808 22668808 Performance Fees 711190 5735688 5735688 Facility Rental Revenue 711190 854119 854119 Other Program Related Revenue 711190 794155 794155 Parking Lot Rental Revenue 711190 522763 522763 580528 81390 1112 498026 31156061 4980963 4980963 177632 367822 -190190 -190190 -190190 51563826 38466247 720 13097579 -720 13096859 7665 13089194 974040 1378084 598858 375182 375182 19535 1300 18235 18235 337115 173575 163540 114570 48970 84720324 30248730 -132443 19484363 X 764095 764095 981680 648734 332946 36713263 32312768 2911674 1488821 1895003 1728504 119810 46689 4540461 3845261 433778 261422 2278688 1863820 283884 130984 56265 18764 37501 111823 111823 550141 550141 8738905 8176617 540776 21512 5168193 4759346 185324 223523 954588 639560 164372 150656 385126 238662 61730 84734 2559100 2064912 229781 264407 2568059 2498943 35897 33219 117464 67544 14066 35854 4239222 4239222 4166404 3826752 284322 55330 266245 9411 256834 Equipment Rental & Main 891747 891747 Music & Instrument Rent 355374 258309 97065 Music License Fees 311628 311628 546866 170004 235125 141737 79160340 64446647 10891718 3821975 1251012 3297989 11619735 8321913 46034864 38798436 373195 549624 209638 188534 2523644 2414315 175763062 77911862 100496811 97851200 238887416 230485922 127315352 137596032 528711667 519503965 5351806 5202315 13421139 13412053 145515000 145515000 41776131 51498343 206064076 215627711 X 154469388 133348585 57084880 47323718 111093323 123203951 322647591 303876254 528711667 519503965 X 5559984 -13518182 -10813139 X 0 1 X 1 0 X 25179692 34854034 51315546 56685142 35119674 203154088 25179692 34854034 51315546 56685142 35119674 203154088 29422799 173731289 4811919 4794643 4809674 4887803 4980963 24285002 227439090 159812174 0.76390 0.71790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 79160340 79160340 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 31 0 0 0 31 250000 250000 250000 250000 1000000 1500000 307845000 4475000 3862000 12576000 303606000 261662000 18928000 43839000 16564000 20000 307845000 233705000 13015000 26251000 11288000 21000 261662000 241339000 7111000 -3905000 10840000 233705000 208656000 3964000 39706000 10987000 241339000 0.51410 0.10310 0.38280 0 0 25475169 25475169 125220427 62471067 62749360 199537 156139 43398 11491612 9682515 1809097 13376317 5602141 7774176 97851200 Alternative investments - Absolute return 48509166 F Alternative investments - Hedged equities 51302357 F Alternative investments - Private equity 16962290 F Real assets 13181027 F Beneficial interest in trust and Other 7641192 F 137596032 Pension benefits 28211050 Other long-term liabilities 1136448 Interest rate swap contracts 22150845 51498343 X 72482179 -13518182 137762 1142275 -12238145 84720324 0 84720324 91253516 137762 11955414 12093176 79160340 0 79160340 Part V, Line 4: The Investment Committee, which oversees all the Corporation's investments, operates under investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs, while seeking to maintain the purchasing power of the endowment assets. Under these policies, the endowment assets are invested in a manner that, over time, will meet the long-term objective of a 5% real return on assets. The Corporation's policy is to preserve the historical dollar value of permanently restricted contributions, and to use any of the investment returns as is prudent considering the Corporation's long- and short-term needs, resources, duration and preservation of donor-restricted endowment funds, donor restrictions, expected total return on its investments, price level trends, general economic conditions, and investment policies. Part X, Line 2: Income Taxes The Corporation is exempt from federal and state income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code unless it has income from unrelated business activities. The Corporation follows the standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation, continued tax exempt status of bonds payable, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2015 and 2014, there were no unrecognized tax benefits identified or recorded as liabilities. The Corporation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. The Corporation is generally no longer subject to examination by the Internal Revenue Service for years before the fiscal year ended June 30, 2012. Part XI, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 367,822. Gain on sale of other assets (Part VIII, Line 7c(ii)) 720. Fundraising event expenses (Part VIII, Line 8b + Line 9b) 600,158. Cost of goods sold (Part VIII, Line 10b) 173,575. Part XII, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 367,822. Gain on sale of other assets (Part VIII, Line 7c(ii)) 720. Fundraising event expenses (Part VIII, Line 8b + Line 9b) 600,158. Cost of goods sold (Part VIII, Line 10b) 173,575. Interest rate swap fair value adjustment 2,462,352. Change in pension plan assets and benefit obligations 8,350,787. Central America and the Caribbean - 0 0 Investments 93825619 Europe (including Iceland and Greenland) 0 1 Program Services The Chicago Symphony Orchestra traveled to Warsaw, Luxembourg, Geneva, Paris and Vienna, performing nine concerts under the baton of Maestro Muti between October 20 and November 2, 2014. 3485556 Europe (including Iceland and Greenland) 0 0 Fundraising Patrons' Tour 19413 0 1 0 0 0 1 97330588 0 97330588 1 0 1 0 0 0 X X X X X X X 1 SD&A Teleservices Inc 5757 W Century Los Angeles CA 90045 Telefundraising Campaigns 0 1452176 550141 902035 1452176 550141 902035 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Symphony Ball 1175127 751836 423291 5852 170162 11655 90133 Corporate Night 893575 524975 368600 143 8778 69179 3700 21581 12 283422 101273 182149 701 8735 118970 16868 72401 2352124 1378084 974040 844 23365 358311 32223 184115 598858 375182 19535 1300 1 0.67000 19535 1300 1300 18235 IL 1 0 0 0 0.67000 0.33000 Isabelle C Goossen VP and CFO 220 S Michigan Avenue Chicago IL 606042559 0 None 0 1 Civic Orchestra Stipends 162 738969 Civic Orchestra Fellowships 4 25126 Part I, Line 2: All regular members of the Civic Orchestra of Chicago receive a stipend. Associate members receive stipends if they perform as a sub or an extra player. Most Regular members receive an annual stipend of $7,100. Five string players who are assigned to principal positions via audition receive an additional $2,180 per season. Higher level of stipend offered to eight Civic musicians who are chosen as Citizen Musician Fellows. Each Citizen Musician Fellow receives $20,000 in stipend. Stipends offset some of the cost of living, allowing musicians more time to spend on their music studies. While the majority of Civic musicians are post-graduates, stipends may be applied to tuition expenses for students pursuing degrees in music. A select number of players, all of whom are Regular members, receive up to a $7,100 fellowship (rather than the stipend) annually that is disbursed on an annual or semester basis directly to the academic institution they are attending. This is part of a cooperative agreement between the Civic Orchestra and area schools (Northwestern University, Northern Illinois University, DePaul University and Chicago College of Performing Arts at Roosevelt University) to provide two years of tuition-free graduate study. The academic institution covers the portion of the tuition that the $7,100 from the Civic Orchestra does not cover. Part I, Line 2 Civic Membership: Members of the Civic Orchestra of Chicago are chosen by audition in February-March for the following season (September-May). Adjudicators are members of the Chicago Symphony Orchestra. Auditionees play a prepared list of orchestral excerpts and a solo work that has been selected by the CSO member, and are ranked by a number during the audition process. When the auditions are over, the numbers are placed in order and then matched with the name of the auditionee. From the list, Regular and Associate membership rosters are formed. Regular section membership is based on the number of players required in a given section on a regular basis. Subs and extras are drawn from the Associate membership roster as needed throughout the season. All ranking is guided by the artistic quality of the audition as determined by the adjudicator. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Isabelle Goossen Assistant Treasurer 217667 0 0 0 24529 0 10588 0 2111 0 254895 0 0 0 Karen Lewis Alexander VP for Development 287511 0 0 0 23231 0 10200 0 14612 0 335554 0 0 0 Riccardo Muti Music Director 1140000 0 0 0 0 0 0 0 0 0 1140000 0 0 0 Robert Chen Concertmaster 487709 0 0 0 18110 0 10376 0 33768 0 549963 0 0 0 John Sharp Principal Cello 282646 0 0 0 19946 0 18054 0 31498 0 352144 0 0 0 Christopher Martin Principal Trumpet 298390 0 0 0 538 0 8383 0 29064 0 336375 0 0 0 Eugene Izotov Principal Oboe 263475 0 0 0 10525 0 8239 0 30177 0 312416 0 0 0 Deborah F Rutter Former President - Ending June 2014 277671 0 0 0 27647 0 900 0 9662 0 315880 0 0 0 Part I, Line 1a Charter travel is provided for all employees during certain foreign and domestic tours when deemed more economical. Part I, Line 7 Annually, in executive session, the Executive Committee reviews and approves any bonus payment for the President. A Illinois Finance Authority 861091967 45200FGY9 2008-05-29 83015000 See Part VI 0 0 0 A 83015000 620000 81364393 722487 308120 1997 1 0 1 1 A 0 0 1 1 1 0 0 0 1 A 1 Date Rebate Computation Performed Issuer Name: Illinois Finance Authority Date the Rebate Computation was Performed: 05/20/2013 Schedule K Supplental Information Part I, Line A, Column (f): The Bonds were issued to (i) refinance a line of credit to the Chicago Symphony Orchestra (the Symphony) from the Northern Trust Company (the Line of Credit) and pay or reimburse the Symphony for certain costs relating to the conversion of the interest rate mode (the Series 2002 Conversion) on the $80,650,000 original aggregate principal amount of the Illinois Educational Facilities Authority Revenue Refunding Bonds, Chicago Symphony Orchestra, Series 2002 (the Series 2002 Bonds) and (ii) pay a portion of the interest on the Bonds and certain costs of issuance of the Bonds (including credit enhancement). The proceeds of the Line of Credit were used to finance a portion of the costs of (i) financing the mandatory purchase of the Series 2002 Bonds by the Symphony in connection with the Series 2002 Conversion, (ii) paying certain costs and expenses related to (a) the incurrence and maintenance of the Line of Credit, and (b) the Series 2002 Conversion, and (iii) paying accrued interest on the Line of Credit. The Series 2002 Bonds were issued on December 19, 2002 to refund all of the $77,900,000 original aggregate principal amount of the Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1996 (Chicago Symphony Orchestra Project) (the Series 1996 Bonds), (ii) pay a portion of interest on the Series 2002 Bonds, and (iii) pay a portion of costs of issuance (including bond insurance premium). The 1996 Bonds were issued on June 12, 1996 to (i) finance, refinance and reimburse the Symphony for certain costs relating to the renovation and expansion of Orchestra Hall and surrounding properties, (ii) pay a portion of interest on the Series 1996 Bonds, (iii) pay or reimburse the Symphony for a portion of the interest on the $50,000,000 Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project), and (iv) pay certain costs relating to letters of credit and costs of issuance. Aetna Inc Frank M. Clark (Board Member) 129231 Insurance premiums 0 The Northern Trust Company James S. Crown (Family relationship with Board Member) 442904 Letter of Credit and other banking fees 0 The Northern Trust Company J. L. Prado, C. A. Tribbett (Board Members) F. H. Waddell(Chairman and CEO) 0 X 94 3762956 FMV - Stock gifts X Instruments 7 578950 Fair market value X Airfare miles 1 400000 Fair market value X Cough drops 1 28123 Fair market value X Wine sponsorship 1 1725 Fair market value 0 1 1 Part I, Line 32b: Publicly traded securites are sold via a stock brokerage account held at the corporation's primary banking relationship. Form 990, Part VI, Section A, line 2 Business Relationship 1: John W. Rogers, Jr., William A. Von Hoene, Jr. Business Relationship 2: James S. Crown, William A. Osborn Business Relationship 3: Susan Crown (relative of James S. Crown), E. Scott Santi, Pamela B. Strobel (spouse of Russ M. Strobel) Business Relationship 4: Timothy A. Duffy, Richard C. Godfrey Business Relationship 5: Debora de Hoyos, John R. Schmidt Business Relationship 6: John W. Rogers, Jr., Roger W. Stone Business Relationship 7: Frederick A. Krehbiel, Donald G. Lubin Business Relationship 8: Susan Crown (relative of James S. Crown), Susan C. Levy, Jose Luis Prado, Charles A. Tribbett, Frederick H. Waddell Business Relationship 9: Walter Carlson (spouse of Debora de Hoyos) Charles W. Douglas, R. Eden Martin, Newton N. Minow Business Relationship 10: Susan Kiphart, James W. Mabie Business Relationship 11: Frank M. Clark, W. Robert Reum Business Relationship 12: Wayne D. Boberg, Liisa M. Thomas Form 990, Part VI, Section A, line 6 The members of the Chicago Symphony Orchestra (the "Corporation") are designated as Governing Members. Governing Members are elected from among persons who have demonstrated a significant interest in the CSO and who meet such additional criteria as the Board of Trustees may from time to time determine. Form 990, Part VI, Section A, line 7a Governing Members ratify the election of Governing Members and, at each Annual Meeting, the fully ratified Governing Members elect Regular and Life Trustees. Form 990, Part VI, Section B, line 11 CSO staff prepares Form 990, and it is reviewed by our tax advisor. Staff and the tax advisor discuss and review the entire Form 990 and Form 990-T with members of the CSO Audit Committee, who review and accept it before it is filed as set forth in the Committee Authority and Responsibility section of the Audit Committee charter. At its Spring meeting, the Board of Trustees was reminded of the Audit Committee's responsibility to review and approve the annual tax returns. The 2014 Form 990 and Form 990-T were reviewed and approved at the May 9, 2016 meeting of the Audit Committee. Form 990, Part VI, Section B, line 12c The CSO maintains a Conflict of Interest Policy that applies to all trustees, the Executive Committees of certain auxiliary operations operating under the CSO's bylaws, senior management and other designated staff members, and non-trustee members of Trustee committees. The Policy requires each person to whom the policy applies to complete an annual disclosure questionnaire that discloses any business or financial interest, which might reasonably be expected to give rise to a possible conflict between the interest of the CSO and the interest of such person. The Policy forbids such individuals from voting on or using their personal influence in connection with such business or financial issues. In the event the CSO does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members are independent per the terms of its charter. The CSO requires each non-union employee to conduct themselves in accordance with the code of Business Conduct and Ethics, approved by the Board of Trustees, and to sign an annual statement acknowledging their understanding of and compliance with the Code. Form 990, Part VI, Section B, line 15 The Association established a search committee, chaired by the Chair of the Board of Trustees and comprised of 15 additional independent trustees, 3 musicians, and 2 staff. It retained one of the world's leading executive search consulting firms to conduct an international search for the position of President of the Association. Through this process the compensation arrangements were determined based on the consulting firm's extensive data sources as well as direct peer benchmarks based size of budget and scope of management responsibility. The deliberations of the search committee were documented in notes of the meetings. The selection of the incumbent and the compensation package were reviewed and approved in executive sessions of the Executive Committee and Board meetings. The process for determining the compensation of other officers or key employees included a meeting on August 25, 2014, of the Human Resources Committee, which was comprised of eight independent trustees and three non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. Form 990, Part VI, Section C, line 19 Financial statements, governing documents and conflict of interest policy are available to the public upon request pursuant to the guidelines of section 6104(d). Form 990, Part IX, line 11g Guest Conductors, Artists and Composers: Program service expenses 6,849,499. Management and general expenses 1,779. Fundraising expenses 2,641. Total expenses 6,853,919. Other Contracted Services: Program service expenses 1,327,118. Management and general expenses 538,997. Fundraising expenses 18,871. Total expenses 1,884,986. Form 990, Part XI, line 9: Interest rate swap fair value adjustments -2,462,352. Changes in pension plan assets and benefit obligations -8,350,787.