2016-04-11T18:16:40-05:00 2015-05-31 BDO USA LLP 700 NORTH PEARL ST SUITE 2000 DALLAS TX 75201 990 2014-06-01 751529851 DALLAS SYMPHONY FOUNDATION % RANDY LEISER VP OF FINANCE DALL 2148714000 2301 FLORA STreet Suite 300 DALLAS TX 75201 SCOTT HANCOCK PRESIDENT 2148714000 2016-02-20 true Laurie B Elmore CPA P00228866 2149697007 2014 2016-08-17 19:52:53Z Scott Hancock 2301 FLORA STREET SUITE 300 DALLAS TX 752012497 55014015 false X www.dallassymphony.com X 1976 TX THE DALLAS SYMPHONY FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT exclusively for the benefit of and to further the purposes OF THE DALLAS SYMPHONY ASSOCIATION. 15 15 0 0 727210 4463040 0 0 10682450 6791713 0 0 11409660 11254753 5793528 5704237 0 0 0 0 0 0 0 339780 328128 6133308 6032365 5276352 5222388 111714795 117873466 720103 1804472 110994692 116068994 X THE PURPOSE OF THE DALLAS SYMPHONY FOUNDATION IS TO MANAGE AND INVEST AN ENDOWMENT FUND FOR THE BENEFIT OF THE DALLAS SYMPHONY ASSOCIATION (75-0705442), AND TO MAKE ANNUAL DISTRIBUTIONS TO THE DALLAS SYMPHONY ASSOCIATION FROM THIS ENDOWMENT FUND. DURING THE FISCAL YEAR ENDING MAY 31, 2015, THE FOUNDATION DISTRIBUTED $5,704,237 TO THE ASSOCIATION. false false 5705267 5704237 The purpose of the Dallas Symphony Foundation is to manage and invest an endowment fund for the benefit of the Dallas Symphony Association (75-0705442), and to make annual distributions to the Dallas Symphony Association from this endowment fund. During the fiscal year ending May 31, 2015, the Foundation distributed $5,704,237 to the Association 5705267 true true false false false false false false false true true true false false true true true true false false false false false false false false false true false false false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true false false false X X RANDY LEISER VP OF FINANCE 2148714003 2301 FLORA STREET SUITE 300 Dallas TX 75201 SCOTT HANCOCK BOARD MEMBER-PRESIDENT 1.0 0.0 X 0 0 0 HOWARD HALLAM BOARD MEMBER-VICE PRESIDENT 1.0 0.0 X 0 0 0 HOWARD E RACHOFSKY BOARD MEMBER-VICE PRESIDENT 1.0 0.0 X 0 0 0 SAM SELF BOARD MEMBER-VICE PRESIDENT 1.0 0.0 X 0 0 0 GREGG BALLEW BOARD MEMBER 1.0 0.0 X 0 0 0 DOLORES BARZUNE BOARD MEMBER-SECRETARY 1.0 0.0 X 0 0 0 PETER D BRUNDAGE BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD E FRELING BOARD MEMBER 1.0 0.0 X 0 0 0 AMY GROFF BOARD MEMBER 1.0 0.0 X 0 0 0 JEANNE R JOHNSON BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES PRICE BOARD MEMBER 1.0 0.0 X 0 0 0 STANLEY A RABIN BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM SCHILLING BOARD MEMBER 1.0 0.0 X 0 0 0 BILLIE I WILLIAMSON BOARD MEMBER-TREASURER 1.0 0.0 X 0 0 0 DONALD J STONE BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID ROSENBERG ASST. SECRETARY 1.0 0.0 X 0 0 0 WILLIAM L GREEN ASST. TREASURER 1.0 0.0 X 0 0 0 0 0 0 0 false false false NFJ INVESTMENT GROUP 2121 SAN JACINTO SUITE 1480 DALLAS TX 75201 INVESTMENT MGMT FEE 155204 1 4463040 105570 4463040 0 1362535 1362535 0 0 0 0 0 49188440 43759262 5429178 5429178 5429178 0 0 0 0 11254753 6791713 5704237 5704237 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FEES TO INVESTMENT MGRS 327098 327098 0 AMORT. GIFT ANNUITY 1030 1030 0 6032365 5705267 327098 0 X 0 0 0 0 873398 3943273 351471 213407 0 0 0 0 0 0 0 0 0 0 1950000 1950000 1950000 60211846 80007406 48027136 31458436 0 0 0 0 300944 300944 111714795 117873466 354699 1382863 356366 413942 0 0 0 0 0 0 0 0 0 0 0 0 9038 7667 720103 1804472 X 280942 -1044318 35201233 37014645 75512517 80098667 110994692 116068994 111714795 117873466 5222388 -148086 X false true X true false X X 1 DALLAS SYMPHONY ASSOCIATION (509 (A)(2)) 750705442 9 true 5704237 0 1 5704237 true false false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111016942 4462010 7530822 5704237 117305537 104221079 726088 11863303 5793528 111016942 91745772 3454730 14766074 5745497 104221079 99026248 382788 -2146984 5516280 91745772 90891451 271250 12248327 4384780 99026248 0.68000 0.32000 false false 1950000 1950000 1950000 31458436 F 31458436 0 LIABILITY FOR ANNUITY-NET 7667 7667 10778539 -148086 -327098 -475184 11253723 1030 1030 11254753 5704237 5704237 327098 1030 328128 6032365 Schedule D, Part XI, line 2d - Fees to Investment Managers Investment income on the financial statements is a net number, i.e. investment income less related expenses is shown on the audit report. Schedule D, Part XII, Line 4a - Fees to Investment Managers Investment income on the financial statements is a net number, i.e. investment income less related expenses is shown on the audit report. Schedule D, Part XI, Line 4b - Amortization of Annuity Schedule D, Part XII, Line 4b - Amortization of Annuity Schedule D, Part X, Item 2 - FIN 48 Disclosure THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECONCILIATION FROM MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. MANAGEMENT BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. true DALLAS SYMPHONY ASSOCIATION 2301 FLORA STREET SUITE 300 DALLAS TX 75206 750705442 501(c)(3) 5704237 0 FMV n/a Operations, support 1 X 6 105570 Average FMV false true true Schedule M, Column B - Stock Gifts There were 6 stock gifts made to the Dallas Symphony Foundation during the 2014-2015 tax year, that included 872 shares of stock. Schedule M, Line 9, Column D - Valuation The value of the stock is determined using an average of the high price and the low price times the number of shares on the date of the transfer to the Dallas Symphony Foundation. Schedule M, Line 32b - Sale of Donated Stock Stock is transferred into a separate brokerage account where it is then sold. PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST QUESTIONNAIRE IS SENT OUT ANNUALLY TO EVERY MEMBER OF THE GOVERNING BODY. THE RESULTS ARE REVIEWED BY THE FINANCE DEPARTMENT TO DETERMINE WHETHER THERE ARE ANY MEMBERS OF THE GOVERNING BODY WHO ARE NOT INDEPENDENT. PART VI, SECTION B, LINE 11B - TAX RETURN PREPARATION The Form 990 is prepared by the Controller, reviewed by the Vice President of Finance and the President of the Dallas Symphony Association. The form and all supporting documents are provided to the tax accountants at BDO USA LLP for review and entry into the efile system. The return is reviewed by outside legal counsel, then signed by the President of the DSF. The Form 990 is approved by the Dallas Symphony Association Audit Committee ( the Association's Audit Committee is authorized to approve the 990 of the DSF), then provided to the Board of Directors for review prior to the filing of the 990. PART VI, SECTION B, LINE 13 - WHISTLE BLOWER POLICY THE ORGANIZATION FOLLOWS THE WHISTLEBLOWER POLICY OF THE DALLAS SYMPHONY ASSOCIATION. PART VI, SECTION B, LINE 14 - DOCUMENT RETENTION THE ORGANIZATION FOLLOWS THE DOCUMENT RETENTION AND DESTRUCTION POLICY OF THE DALLAS SYMPHONY ASSOCIATION. PART VI, SECTION B, LINE 15 - NO COMPENSATION FOR Officers or DIRECTORS THE ORGANIZATION DOES NOT COMPENSATE ANY officers or DIRECTORS. PART VI, SECTION C, LINE 19 - FINANCIAL STATEMENTS AVAILABLE THE ORGANIZATION MAKES ITS Financial STATEMENTS AVAILABLE TO THE PUBLIC ON THE GUIDESTAR WEBSITE AND BY REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE VIA REQUEST. THE GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. PART XI, LINE 5 - Net unrealized gain/loss on investments The other changes in net assets amount agrees with Sch D, part XI, line 2a. Line 2a is Net unrealized gains/(losses)on investments. PART VIII, LINE 1F - Statement of revenue reconciliation RECONCILIATION FROM GENERAL LEDGER TO THE TAX RETURN: CONTRIBUTIONS PER GL 1,087,731 NET PRESENT VALUE OF PLEDGES + 3,374,279 TOTAL PER AFS = 4,462,010 CHANGE IN ANNUITY + 1,030 TOTAL, PART VIII, LINE 1F = 4,463,040 DALLAS SYMPHONY ASSOCIATION 2301 FLORA STREET SUITE 300 DALLAS TX 75201 750705442 MUSIC PRODCT TX 501(c)(3) 509(A)(2) DAS SYM ASSC false false true false true false false false false false false false false false true true true false false false SCHEDULE R, PART V, LINE 2(1)(D) THE BOARD OF DIRECTORS ESTABLISHED A MAXIMUM ANNUAL DISTRIBUTION LIMITED TO 5.25% OF THE AVERAGE MARKET VALUE OF THE ASSETS AS OF THE END OF THE PREVIOUS TWELVE QUARTERS.