2015-05-14T13:46:51-05:00 2014-06-30 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2013-07-01 043583756 FROM THE TOP INC FROM 6174370707 295 HUNTINGTON AVENUE NO 201 BOSTON MA 02115 JENNIFER HURLEY-WALES CEO 6174370707 2015-05-07 1 EDWARD MCNEIL P00090108 6176481400 2013 2016-02-25 16:41:14Z JENNIFER HURLEY-WALES 295 HUNTINGTON AVENUE NO 201 BOSTON MA 02115 3356284 0 X FROMTHETOP.ORG X 2002 MA BASED IN BOSTON, FROM THE TOP IS AMERICAS LARGEST NATIONAL PLATFORM CELEBRATING THE STORIES, TALENTS, AND CHARACTER OF CLASSICALLY-TRAINED YOUNG MUSICIANS. THROUGH LIVE EVENTS, NPR AND YOUTUBE BROADCASTS, SCHOLARSHIPS, AND LEADERSHIP PROGRAMS, FROM THE TOP EMPOWERS THESE EXTRAORDINARY YOUNG PEOPLE TO ENGAGE AND INSPIRE MUSIC LOVERS OF ALL AGES. DURING FY14, FROM THE TOPS OPERATING BUDGET WAS $3.7 MILLION, WITH APPROXIMATELY 78% OF REVENUE DERIVED FROM CONTRIBUTED INCOME AND 22% FROM EARNED SOURCES. 17 16 31 0 0 0 2680104 2436311 790773 816815 93 705 -56352 -45693 3414618 3208138 200871 213806 0 0 1843707 1975724 0 0 521640 947375 1037213 2991953 3226743 422665 -18605 2333027 2194533 351466 287709 1981561 1906824 X FROM THE TOP CELEBRATES THE POWER OF MUSIC IN THE HANDS OF EXTRAORDINARY YOUNG PEOPLE BY: 1) UNLEASHING THE POTENTIAL OF YOUNG MUSICIANS AS LEADERS IN THE ARTS; 2) TRUMPETING THE ROLE OF MUSIC TO IMPACT AND ENRICH LIVES; AND 3) INSPIRING AND BUILDING NEW AUDIENCES WITH A DEEPER APPRECIATION FOR CLASSICAL MUSIC. 0 0 1164902 816815 FROM THE TOP PRODUCES FROM THE TOP WITH HOST CHRISTOPHER ORILEY, THE MOST POPULAR ONE-HOUR CLASSICAL MUSIC PROGRAM ON PUBLIC RADIO, AND FEATURES TALENTED AND INSPIRING YOUNG MUSICIANS IN UNIQUE YOUTUBE VIDEOS VIA ITS YOUTUBE CHANNEL. FY14 SAW THE CREATIVE TEAMS EXPERIMENTING WITH NEW VIDEO CONCEPTS WHILE SUSTAINING THE HIGH QUALITY OF RADIO RECORDINGS AND BROADCASTS. KEY ACCOMPLISHMENTS IN FY14:1) SHOWCASED THE EXCEPTIONAL TALENTS OF 338 PRE-COLLEGIATE, CLASSICAL MUSICIANS, AGES 8 TO 18, ON NPRS FROM THE TOP WITH HOST CHRISTOPHER ORILEY.2) VISITED 16 CITIES AND TOWNS ACROSS THE COUNTRY TO RECORD AND PRODUCE 18 ORIGINAL LIVE RADIO SHOWS.3) BROADCAST FROM THE TOP WEEKLY EPISODES ON 228 NPR RADIO STATIONS NATIONWIDEDELIVERING ENTERTAINMENT TO MORE THAN 700,000 LISTENERS.4) PRODUCED 44 VIDEOS FEATURING FROM THE TOP ALUMNI AND PERFORMERS, AND RECEIVED MORE THAN 220,000 VIEWS ON THE FROM THE TOP YOUTUBE CHANNEL. ONE SUCH VIDEO LED TO A GUEST APPEARANCE ON GOOD MORNING AMERICA FOR THE YOUNG VIOLINIST FEATURED. 404858 3451 FROM THE TOP BELIEVES THAT MUSICIANS ARE ALSO LEADERS IN THEIR COMMUNITY. EVERY FROM THE TOP MUSICIAN LEARNS TO TAKE MUSIC BEYOND THE CONCERT HALL, DEVELOPING THE SKILLS NEEDED TO REACH NEW AUDIENCES AND CREATE POSITIVE CHANGE THROUGH MUSIC. IN FY14, FROM THE TOP:1) PROVIDED 115 YOUNG MUSICIANS WITH LEADERSHIP TRAINING THROUGH THE ARTS LEADERSHIP WORKSHOP.2) PROVIDED 41 EDUCATIONAL OUTREACH PROGRAMS LED BY FROM THE TOP PERFORMERS REACHING MORE THAN 4,000 SCHOOLCHILDREN, ADULTS, SENIORS, AND UNDERSERVED AUDIENCES AROUND THE COUNTRY.3) INVOLVED 45 BOSTON-AREA YOUNG MUSICIANS, AGES 14 TO 18, IN FROM THE TOPS CENTER FOR THE DEVELOPMENT OF ARTS LEADERS IN BOSTON. THE TEENS DONATED HUNDREDS OF HOURS OF MUSIC-RELATED COMMUNITY SERVICE, WHICH INCLUDED TEACHING AFTER SCHOOL PROGRAMS AT UNDERSERVED ELEMENTARY SCHOOLS, TO PERFORMING FREE COMMUNITY PERFORMANCES FOR SENIORS, FAMILIES, PATIENTS, AND OTHERS. IN TOTAL, 4,000 SCHOOLCHILDREN, PATIENTS, AND SENIORS AT FIVE BOSTON-AREA NONPROFITS BENEFITED FROM THE TEENS EFFORTS. 379628 -427 IN AN INCREASINGLY DIVERSE MEDIA CLIMATE, FROM THE TOP REACHED NEARLY 300,000 ONLINE VISITORS THROUGH EXPANDED USE OF SOCIAL MEDIA CONTENT AND ONLINE VIDEO (FACEBOOK, TWITTER, YOUTUBE). IN ADDITION, NEW STAFFING HIRES LAID THE GROUNDWORK FOR A NEW WEBSITE, TO BE LAUNCHED IN FY15, AND INCREASED DIGITAL, SOCIAL, AND TRADITIONAL MEDIA EFFORTS TO INCREASE FROM THE TOPS AUDIENCE DRAMATICALLY OVER THE NEXT THREE YEARS. 378092 213806 SINCE 2005, FROM THE TOP AND THE JACK KENT COOKE FOUNDATION HAVE PARTNERED TO AWARD SCHOLARSHIPS TO YOUNG MUSICIANS WITH FINANCIAL NEED. IN FY14, FROM THE TOP AWARDED 20 YOUNG ARTISTS WITH SCHOLARSHIPS OF $10,000 THROUGH THE JACK KENT COOKE YOUNG ARTIST AWARD PROGRAM, WHICH SUPPORTS ADVANCED MUSICAL TRAINING AND THE OPPORTUNITY TO APPEAR ON FROM THE TOP WITH HOST CHRISTOPHER ORILEY. 378092 213806 2327480 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 38 0 1 31 1 0 0 0 0 0 1 1 0 0 0 0 X 17 16 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 MA X JENNIFER HURLEY-WALES 6174370707 295 HUNTINGTON AVENUE SUITE 201 BOSTON MA 021154433 ANTHONY WOODCOCK DIRECTOR 1.00 X 0 0 0 BETH S KLARMAN DIRECTOR 1.00 X 0 0 0 CORINNE FERGUSON DIRECTOR 1.00 X 0 0 0 DAVID FEIGENBAUM DIRECTOR 1.00 X 0 0 0 DEBORAH CHIPMAN DIRECTOR 1.00 X 0 0 0 ELAINE LINDLEY LEBUHN DIRECTOR 1.00 X 0 0 0 GERALD SLAVET CO-CEO/EXEC PRODUCER 40.00 X X 0 0 0 GLORIA ROSE DIRECTOR 1.00 X 0 0 0 JANET WHITLA DIRECTOR 1.00 X 0 0 0 JEFFREY RAYPORT CHAIRMAN 4.00 X X 0 0 0 JENNIFER HURLEY-WALES CO-CEO/EXEC PRODUCER 32.00 X X 132725 0 2160 JOHN PATTILLO TREASURER/VICE CHAIR 4.00 X X 0 0 0 MARIE LLEWELLYN DIRECTOR 1.00 X 0 0 0 MARK VOLPE DIRECTOR 1.00 X 0 0 0 STEPHEN SHAPIRO DIRECTOR 1.00 X 0 0 0 STEPHEN SYMCHYCH CLERK 1.00 X X 0 0 0 SUSAN B COHEN DIRECTOR 1.00 X 0 0 0 DIANNE COLLAZO DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 90517 0 6520 DAVID BALSOM TOUR PRODUCER 40.00 X 100111 0 15385 KATHERINE GUTIERREZ DIRECTOR OF DEV. 40.00 X 122431 0 17185 445784 0 41250 3 0 0 0 THOMAS J VOEGELI 3539 EBEN WAY STILLWATER MN 55082 PRODUCER 133097 WESTSHIRE PRODUCTIONS 102 CLINTON AVE WEST 402 HUNTSVILLE AL 35801 HOST 104021 2 391255 57400 1987656 63489 2436311 ROAD SHOW FEES 711190 430059 430059 CARRIAGE FEES 515100 368480 368480 CORPORATE SPONSORSHIP 711190 1200 1200 17076 17076 816815 85 85 3451 3451 64109 63489 620 620 620 32250 391255 80967 -48717 -48717 3263 3690 -427 -427 3208138 819839 0 -48012 213806 213806 241712 84340 129258 28114 1450269 976477 149937 323855 149026 110926 14750 23350 134717 84297 22795 27625 31276 13947 15829 1500 18264 18264 127613 69489 13327 44797 9262 6023 1412 1827 59362 39006 9033 11323 298466 279813 5395 13258 4019 2919 1100 35588 24151 4985 6452 17137 10519 5856 762 PRODUCTION COSTS 349007 349007 MARKETING 78788 38867 3825 36096 MAINTENANCE & REPAIR 8431 5629 1221 1581 3226743 2327480 377623 521640 1043076 606073 522711 522581 621466 946373 39289 42217 431240 353951 106485 77289 2333027 2194533 92646 120979 218412 117490 40408 49240 351466 287709 X 712833 936508 1268728 970316 1981561 1906824 2333027 2194533 X -18605 203298 -259430 X X 0 1 X 1 0 X 2735009 2606698 1982452 2680104 2436311 12440574 2735009 2606698 1982452 2680104 2436311 12440574 3072980 9367594 835 973 349 428 3536 6121 12446695 4070147 0.75260 0.77820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34531 28852 5679 356379 284769 71610 40330 40330 0 77289 PAYROLL LIABILITIES 49240 49240 X 3496093 203298 84657 287955 3208138 0 3208138 3570830 259430 84657 344087 3226743 0 3226743 PART X, LINE 2: MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN TWELVE MONTHS OF JUNE 30, 2014. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE CORPORATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED JUNE 2011, 2012, AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT EXPENSE 80,967. MERCHANDISE COGS 3,690. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT EXPENSE 80,967. MERCHANDISE COGS 3,690. GALA 423505 391255 32250 5910 34354 20655 20049 423505 391255 32250 5910 34354 20655 20049 80968 -48718 1 TUITION AND FEES 37 213806 PART I, LINE 2: FROM THE TOP REVIEWS THE FOLLOWING INFORMATION PROVIDED BY STUDENTS BEFORE MAKING THEIR SELECTION OF SCHOLARSHIP RECIPIENTS: COMPLETE SCHOLARSHIP APPLICATION, PERFORM A MUSICAL AUDITION, PROVIDE EVIDENCE OF FINANCIAL NEED AS WELL AS ACADEMIC ACHEIVEMENTS. X 5 63489 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 16 VOTING MEMBERS FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FORM 990 HAS BEEN PREPARED BY THE AUDIT FIRM IT IS REVIEWED INITIALLY BY THE DIRECTOR OF FINANCE AND ADMINISTRATION. ONCE SATISFIED, IT IS FURTHER REVIEWED BY THE CEO AND AFTER THAT THE FORM 990 IS SENT TO THE AUDIT COMMITTEE FOR FINAL REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD OF DIRECTORS ARE ASKED TO SIGN OFF AND DISCLOSE ALL CONFLICTS OF INTERESTS. THESE DISCLOSURE FORMS ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 FROM THE TOP UTILIZES DATA FROM CONSULTANTS AND MARKET CONDITIONS TO DETERMINE APPROPRIATE COMPENSATION FOR KEY EMPLOYEES. OFFICERS AND BOARD MEMBERS ARE UNPAID POSITIONS WITHOUT COMPENSATION, WITH THE EXCEPTION OF JENNIFER HURLEY-WALES, THE CO-CEO/EXECUTIVE PRODUCER. 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 AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9: IN KIND EXPENSES -259,430. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED DURING THE YEAR.