2014-04-15T08:05:32-05:00 2013-05-31 UMBACH & ASSOCIATES LLP CPAS 400 BENTEE WES CT EVANSVILLE IN 477154060 990 2012-06-01 350965634 EVANSVILLE PHILHARMONIC ORCHESTRA EVAN 8124255050 P O BOX 84 EVANSVILLE IN 47701 GARY WAGNER 8124255050 2014-04-10 true DARRYL C SPURLOCK 8124772244 2014-04-10 2012 2015-11-30 17:44:51Z GARY WAGNER EXECUTIVE DIRECTOR 401 SE SIXTH STREET SUITE 105 EVANSVILLE IN 47713 3543463 false X EVANSVILLEPHILHARMONIC.ORG X 1934 IN TO PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY. 29 28 227 210 0 1593616 960666 641915 639592 189352 220436 -70077 -25031 2354806 1795663 0 0 1125000 1078053 0 145262 685082 649461 1810082 1727514 544724 68149 4070734 4399324 369560 497092 3701174 3902232 TO PROVIDE PERFORMANCES OF QUALITY ORCHESTRAL AND CHORAL MUSIC TO THE COMMUNITY. false false 984804 CONCERT SERIES - 6 CLASSICAL AND 10 POPS 104492 YOUTH ORCHESTRA CONCERTS - YOUNG PEOPLE'S CONCERTS FOR ELEMENTARY SCHOOL CHILDREN, LOLLIPOPS FOR PRESCHOOL & KINDERGARTEN CHILDREN, SYMPHONY OF COLOR, AND YOUNG ARTIST COMPETITION 71546 OTHER SINGLE CONCERTS - CHORUS, BALLET, AND OTHER SPECIAL EVENTS 1160842 true true false false false false false false false true true false false true false true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false true 26 0 true 227 true false false false false false true true false false false false false false false false false X 29 28 true false false false false false false true true false false false true true false true false true true false IN X VICKI BURCHELL 8124255050 PO BOX 84 EVANSVILLE IN 47701 ROBYN MUSGRAVE 5.00 X 0 0 0 LEE BUCHTMAN 2.00 X 0 0 0 NEAL FRANKLIN 2.00 X 0 0 0 DR DAVID SMITH 2.00 X 0 0 0 STEVE HOAR 2.00 X 0 0 0 DR JANE JOHANSEN 2.00 X 0 0 0 LYNN LOWE 2.00 X 0 0 0 JOHN MUSGRAVE 2.00 X 0 0 0 RITA EYKAMP 2.00 X 0 0 0 JOYSE RIVERS 2.00 X 0 0 0 MARIANNA WRIGHT 2.00 X 0 0 0 DR TIMOTHY ALMQUIST 2.00 X 0 0 0 DR LOUIS CADY 2.00 X 0 0 0 G RICHARD EYKAMP 2.00 X 0 0 0 PHYLLIS GRIMM 2.00 X 0 0 0 PEGGY LEWIS 2.00 X 0 0 0 F STEPHEN SHEETS 2.00 X 0 0 0 KIRK WRIGHT 2.00 X 0 0 0 NANCY HODGE 2.00 X 0 0 0 KIRSTEN WAGMEISTER 2.00 X 0 0 0 KEVIN WILSON 2.00 X 0 0 0 JAMES GORMAN 2.00 X 0 0 0 STEVE SCHAEFER 2.00 X 0 0 0 GARY WAGNER 40.00 X 75685 0 7591 RICHARD ARNESON 5.00 X 0 0 0 DON SHYMANSKI 5.00 X 0 0 0 SUSAN VAUGHN 5.00 X 0 0 0 SHARON KAZEE 5.00 X 0 0 0 CHRIS WOLKING 5.00 X 0 0 0 SUSAN ELKINGTON 5.00 X 0 0 0 GLENN ROBERTS 40.00 X 83722 0 18776 159407 26367 true false false 77133 42500 80470 760563 131988 960666 TICKET SALES 711130 551974 551974 ADVERTISING 711130 49728 49728 OTHER INCOME 711130 37890 37890 639592 67193 67193 1831305 1678062 153243 153243 153243 44707 77133 69738 -25031 -25031 1795663 792835 42162 44499 44499 52946 52946 817530 624508 76760 116262 93214 45361 47735 118 69864 47775 13195 8894 13875 13875 145382 137333 5039 3010 125334 104742 14879 5713 71586 5019 64078 2489 2184 2184 110901 66837 44064 57358 55751 1170 437 1628 1628 763 763 5291 5291 9406 9406 TRADE 26833 9358 14451 3024 TICKET FEES 17858 17858 MUSIC RENT/PURCHASE 13490 13490 MUSIC LICENSE 11362 11362 36210 21448 9447 5315 1727514 1160842 421410 145262 198966 209746 106239 1663 2119 15218 16951 290429 98957 193063 191472 2928007 2971818 733817 900979 4070734 4399324 129249 90856 240311 306236 100000 369560 497092 X 536000 575386 383925 413609 2781249 2913237 3701174 3902232 4070734 4399324 68149 132909 X false true X true false X 987808 732727 781961 1593616 960666 5056778 753349 727401 694892 641915 639592 3457149 1741157 1460128 1476853 2235531 1600258 8513927 39478 48843 57889 77297 130285 353792 734783 711134 678883 112462 220295 2457557 774261 759977 736772 189759 350580 2811349 5702578 115442 84934 81615 92278 67193 441462 115442 84934 81615 92278 67193 441462 81676 42457 124133 1856599 1626738 1600925 2327809 1667451 9079522 0.62810 0.58050 0.05000 0.06000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2696391 60266 345057 42862 13767 3045085 2922188 514523 -80583 638437 21330 2696361 2504932 52296 518686 126852 26874 2922188 2234595 50025 368265 121014 26939 2504932 2890592 100028 -599416 132463 24146 2234595 0.05740 0.89650 0.04610 true false 1056 277 779 234146 98680 135466 55227 55227 191472 BENEFICAL INTEREST IN TRUST 755619 UNCONDITIONAL PROMISES TO GIV 125663 CVS LIFE INSURANCE POLICY 19697 900979 2138396 132909 140086 69738 342733 1795663 1795663 1937338 140086 69738 209824 1727514 1727514 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 CURRENT EARNINGS ON ENDOWMENT FUNDS ARE USED TO FUND CURRENT OPERATIONS OF THE PHILHARMONIC IN ACCORDANCE WITH DONOR WISHES. THE ORIGINAL GIFT (PRINCIPAL) AMOUNTS ARE MAINTAINED INTO PERPETUITY. PRIOR TO THE ECONOMIC DOWNTURN WHICH BEGAN IN 2008, THE PHILHARMONIC ADOPTED AND OPERATED UNDER INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPTED TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CORPORATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIC PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO MAXIMIZE TOTAL INVESTMENT RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK. THE CORPORATION EXPECTED ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A MODERATE RATE OF RETURN ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. SINCE THE ECONOMIC DOWNTURN, MANAGEMENT HAS BEEN MONITORING ITS ENDOWMENT INVESTMENTS WITH THE OBJECTIVE OF PRESERVING PRINCIPAL AND RECOVERING MARKET VALUE. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE CORPORATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE CORPORATION'S FEDERAL FORM 990 AND INDIANA FORM NP-20 ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 2D GOLF, GALA, & OTHER SPECIAL EVENTS EXPENSE 69,738 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D GOLF, GALA, & OTHER SPECIAL EVENTS EXPENSE 69,738 GOLF 74822 39200 35622 22688 5328 12380 GALA 39477 30842 8635 1500 18581 3724 5025 1 7541 7091 450 512 121840 77133 44707 24188 23909 3724 17917 69738 -25031 X false false false false false false false false false GLENN ROBERTS 83722 18776 102498 X 1 131988 false false false RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 RICHARD EYKAMP RITA EYKAMP VICE-PRESIDE BOARD MEMBER SPOUSES ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A YES, COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE. REVIEWS OF BOTH THE EXECUTIVE DIRECTOR AND MUSIC DIRECTOR ARE CONDUCTED ON AN ANNUAL BASIS. OTHER ORGANIZATIONAL STAFF POSITIONS ARE REVIEWED ANNUALLY BY EITHER THE EXECUTIVE DIRECTOR AND/OR MUSIC DIRECTOR, DEPENDING ON THE CLASSIFICATIONS OF THE EMPLOYEES. EXTERNAL DATA (PROVIDED BY THE LEAGUE OF AMERICAN ORCHESTRAS) IS USED AS A REFERENCE FOR COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B YES, COMPENSATION OF THE MUSIC DIRECTOR WAS ALSO REVIEWED AND APPROVED BY MEMBERS OF THE EXECUTIVE COMMITTEE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED BY THE ORCHESTRA UPON REQUEST. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 GOLF, GALA, & OTHER SPECIAL EVENTS EXPENSE 69,738 GOLF, GALA, & OTHER SPECIAL EVENTS EXPENSE -69,738