2015-02-28T10:13:49-06:00 2014-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2013-07-01 050267451 RHODE ISLAND PHILHARMONIC ORCHESTRA & MUSIC SCHOOL RHOD 4012487070 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 DAVID BEAUCHESNE EXECUTIVE DIRECTOR 4012487070 2015-02-24 1 DEBORAH A HOPKINS P00167843 4012742001 2013 2016-02-25 16:41:14Z DAVID BEAUCHESNE 667 WATERMAN AVENUE EAST PROVIDENCE RI 02914 6773911 0 X WWW.RI-PHILHARMONIC.ORG X 1944 RI TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 32 32 333 85 0 0 3397406 3342607 2396217 2505697 393990 261647 -3940 -23545 6183673 6086406 0 0 0 0 2933461 3078366 0 0 260326 1922535 2117738 4855996 5196104 1327677 890302 15133424 15800851 7556863 7042028 7576561 8758823 X THE ONLY PROFESSIONAL ORCHESTRA, THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL AND THE SECOND LARGEST NOT FOR PROFIT ARTS ORGANIZATION IN RHODE ISLAND, THE PHILHARMONIC SEEKS TO ENRICH AND TRANSFORM RHODE ISLAND AND OUR REGION THROUGH GREAT MUSIC PERFORMANCE AND EDUCATION. 0 0 1991805 1030352 THE RHODE ISLAND PHILHARMONIC ORCHESTRA IS THE LARGEST EMPLOYER OF MUSICIANS IN THE STATE, WITH OVER 325 MUSIC PERFORMING AND TEACHING ARTISTS ON PAYROLL. THE ORCHESTRA CONTRIBUTES OVER $11 MILLION IN ECONOMIC ACTIVITY AND GENERATES MORE THAN $500,000 IN TAX REVENUE FOR RHODE ISLAND. FOUNDER OF THE ORCHESTRA, FRANCIS MADEIRA, WAS RECENTLY INDUCTED INTO THE RHODE ISLAND MUSIC HALL OF FAME AT OUR MAY CONCERT. MR. MADEIRA WAS 26 WHEN HE STARTED TO ASSEMBLE THE ORCHESTRA AND IS NOW 97 YEARS OLD. ONE HIGHLIGHT OF THE CONCERT SEASON WAS A SOLD OUT CONCERT AND A MASTER CLASS FOR OUR STUDENTS, WITH YO-YO MA, TO CELEBRATE THE PRELUDE TO THE 70TH SEASON OF THE ORCHESTRA ON JUNE 1. THE ORCHESTRA CONTINUED TO ACHIEVE GOALS ESTABLISHED IN OUR STRATEGIC PLAN FOR FISCAL YEAR 2014 BY REDUCING OUR (CONTINUED ON SCHEDULE O)BUILDING AND OPERATING DEBT, INCREASING UTILIZATION AND IMPACT OF EXISTING ORCHESTRA & MUSIC SCHOOL PROGRAMS, AND INCREASING OUR ENDOWMENT AND INVESTMENTS. IN ADDITION, OUR INCREASED MARKETING PRODUCED 39% INCREASE IN SINGLE TICKET SALES AND A 21% INCREASE IN SUBSCRIPTIONS. WHILE EXPENSES INCREASED TO ACCOMODATE THE NECESSARY EXPENDITURES TO RECEIVE THESE RESULTS, IT WAS FAR LESS THAN THE GROWTH IN EARNED AND CONTRIBUTED INCOME. 1640327 1475345 THE RI PHILHARMONIC MUSIC SCHOOL IS THE ONLY CERTIFIED COMMUNITY MUSIC SCHOOL IN RHODE ISLAND AND ENCOURAGES LIFELONG ENGAGEMENT WITH MUSIC THROUGH COMPREHENSIVE MUSIC EDUCATION AND COMMUNITY PARTNERSHIP PROGRAMS TAUGHT BY ORCHESTRA MEMBERS AND OTHER OUTSTANDING FACULTY. WE PRIORITIZE ARTISTRY AND EDUCATION EQUALLY. IN FISCAL YEAR 2014, OVER 22,000 CHILDREN IN OUR REGION WERE BROUGHT THE GIFT OF MUSIC INCLUDING 11,000 3RD, 4TH AND 5TH GRADERS WHO PARTICIPATED IN OUR LINK UP PROGRAMMING, WHILE OUR MUSIC THERAPY PROGRAM SERVED OVER 500 YOUTH STATEWIDE. THROUGH VARIOUS MARKETING EFFORTS, THE MUSIC SCHOOL HAD A 19% INCREASE IN MUSIC SCHOOL TEACHING HOURS IN FISCAL YEAR 2014. 3632132 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 333 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 RI X DONNA CHACE-LARSON DIRECTOR OF FIN 4012487070 667 WATERMAN AVE EAST PROVIDENCE RI 02914 MARIE LANGLOIS PRESIDENT 2.00 X X 0 0 0 KAREN PELCZARSKI IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 ROBERT MANNING TREASURER 2.00 X X 0 0 0 BARBARA DREYER SECRETARY 2.00 X X 0 0 0 DEMING SHERMAN GENERAL COUNSEL 2.00 X X 0 0 0 RAYMOND F MURPHY JR OVERSEERS CHAIR 2.00 X X 0 0 0 WILLIAM J ASH DIRECTOR 2.00 X 0 0 0 RONALD DELELLIS DIRECTOR 2.00 X 0 0 0 LISA CHURCHVILLE DIRECTOR 2.00 X 0 0 0 LINDA DIEBOLD DIRECTOR 2.00 X 0 0 0 PETER COSTA DIRECTOR 2.00 X 0 0 0 ROBERT GRANT DIRECTOR 2.00 X 0 0 0 DAVID M GILDEN DIRECTOR 2.00 X 0 0 0 SUZANNE GILSTEIN DIRECTOR 2.00 X 0 0 0 MARK GIM DIRECTOR 2.00 X 0 0 0 AMY M GOLDSTEIN DIRECTOR 2.00 X 0 0 0 JOHN R GOWELL JR DIRECTOR 2.00 X 0 0 0 ALMON HALL DIRECTOR 2.00 X 0 0 0 BRUCE R HROVAT DIRECTOR 2.00 X 0 0 0 PAUL KAPPEL DIRECTOR 2.00 X 0 0 0 ETHAN HILLARY KISCH DIRECTOR 2.00 X 0 0 0 SEAN LYNCH DIRECTOR 2.00 X 0 0 0 CAROLL MEDEIROS DIRECTOR 2.00 X 0 0 0 ROBERT NAPARSTEK DIRECTOR 2.00 X 0 0 0 CONSTANCE R PEMMERL DIRECTOR 2.00 X 0 0 0 LINDA MAAIA DIRECTOR 2.00 X 0 0 0 HERB RAKATANSKY DIRECTOR 2.00 X 0 0 0 SHANNON SHALLCROSS DIRECTOR 2.00 X 0 0 0 ANNE SAGE DIRECTOR 2.00 X 0 0 0 ROSALYN SINCLAIR DIRECTOR 2.00 X 0 0 0 DENNIS STARK DIRECTOR 2.00 X 0 0 0 DAVID WINOKER DIRECTOR 2.00 X 0 0 0 LOIS FINKEL EX-OFFICIO DIRECTOR 2.00 X 0 0 0 SUSAN CULPO EX-OFFICIO DIRECTOR 2.00 X 0 0 0 DAVID J BEAUCHESNE EXECUTIVE DIRECTOR 55.00 X 120654 0 7062 DONNA CHACE-LARSON DIRECTOR OF FINANCE 40.00 X 83787 0 15978 LARRY RACHLEFF MUSIC DIRECTOR 40.00 X 156547 0 0 360988 0 23040 2 0 1 0 E W BURMAN INC 33 VERMONT AVE WARWICK RI 02888 BUILDING REPAIR 133775 1 439891 112877 2789839 3342607 MUSIC SCHOOL 611600 1475345 1475345 ORCHESTRA CONCERTS 711130 1030352 1030352 2505697 101466 101466 451725 291544 160181 160181 160181 372416 439891 395961 -23545 -23545 6086406 2505697 0 238102 399446 188599 122298 88549 2259290 1997731 171569 89990 42707 42707 140686 108168 22203 10315 236237 199515 22023 14699 20464 20464 37059 37059 195853 142949 36689 16215 185854 184070 1784 232766 185535 34253 12978 431165 184018 242856 4291 65742 64719 674 349 150832 150832 374838 374838 50068 19688 29963 417 SCHOLARSHIPS AND DISCOU 158565 158565 GUEST ARTISTS 84607 84607 MISCELLANEOUS 45606 6008 20609 18989 COMMISSIONS 28003 28003 56316 37250 17316 1750 5196104 3632132 1303646 260326 153737 432625 1335935 1859177 175088 124339 187126 204212 10219969 2384452 8032628 7835517 4447541 4871097 801369 473884 15133424 15800851 206016 183998 554847 619038 5750000 5600000 750000 495000 296000 143992 7556863 7042028 X 3004024 3282292 2261394 3162084 2311143 2314447 7576561 8758823 15133424 15800851 890302 291960 0 X 0 1 X 1 0 X 1655387 1651864 3255122 2397406 3342607 12302386 1655387 1651864 3255122 2397406 3342607 12302386 2049213 10253173 65415 62712 77586 81860 101466 389039 12691425 12531274 0.80790 0.81830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4010895 3304 437555 272476 4179278 3007249 831440 287549 115343 4010895 3032960 365386 -9061 382036 3007249 3045972 22698 -20971 14739 3032960 2520631 207166 449185 131010 3045972 0.37430 0.55380 0.07190 0 0 818164 818164 8427461 1675326 6752135 974344 709126 265218 7835517 DUE TO BOARD DESIGNATED ENDOWMENT 143992 143992 X 6362990 291960 21683 313643 6049347 37059 37059 6086406 5180728 21683 21683 5159045 37059 37059 5196104 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT THE PHILHARMONIC IN SEVERAL WAYS, THROUGH A DRAW OF NOT MORE THAN 5% OF THE FUNDS FAIR VALUE ON A TWELVE QUARTER TRAILING AVERAGE. RESTRICTED FUNDS EXIST FOR THE SUPPORT OF THE PHILHARMONIC ORCHESTRA, INCLUDING ENDOWED POSITIONS; THE PHILHARMONIC MUSIC SCHOOL SCHOLARSHIPS; FOR SUPPORT OF THE PHILHARMONIC YOUTH ORCHESTRA; FOR GENERAL OPERATIONS AND FOR SEVERAL OTHER NAMED FUNDS. ALL USE IS MONITORED BY AN INVESTMENT COMMITTEE OF THE ORGANIZAION'S BOARD, AS WELL AS THE BOARD'S FINANCE COMMITTEE. PART X, LINE 2: THE PHILHARMONIC IS A NOT FOR PROFIT CHARITABLE ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE PHILHARMONIC OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE FEDERAL AND STATE LEVELS. THE PHILHARMONIC ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATIONS EXEMPT FROM INCOME TAX REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE TAX RETURNS FOR THE FISCAL YEARS ENDED JUNE 30, 2013, 2012, AND 2011 REMAIN OPEN TO EXAMINATION BY THE IRS. THE PHILHARMONIC CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. GALA 644044 337413 306631 15908 36838 134662 142585 BALL 134070 98978 35092 3000 108 0 51643 2 34193 3500 30693 0 10017 1200 0 812307 439891 372416 18908 46963 135862 194228 395961 -23545 X X X 0 0 0 0 0 0 0 0 0 LARRY RACHLEFF MUSIC DIRECTOR 156547 0 0 0 0 0 0 0 0 0 156547 0 0 0 A RI ECONOMIC DEVELOPMENT CORPORATION 762236CN5 2008-03-01 7000000 ACQUISITION AND RENOVATION OF WATERMAN AVE FACIL.-CARTER CENTER FOR MUSIC 0 0 0 A 7000000 176470 6823530 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWED THE DRAFT 990 AND RECOMMENDED APPROVAL TO THE BOARD OF DIRECTORS PRIOR TO FILING. ALL MEMBERS OF THE BOARD WERE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND THE EXECUTIVE DIRECTOR SIGN AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ANNUALLY, UPDATING FOR ANY CHANGES. IF POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARISE, THE BOARD OF DIRECTORS EVALUATES AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS, DISCUSSES, AND APPROVES COMPENSATION FOR OFFICERS, KEY EMPLOYEES AND OTHER TOP MANAGEMENT PERSONNEL ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.