2014-10-08T15:03:05-07:00 2014-05-31 990 2013-06-01 566063111 GREENSBORO SYMPHONY ORCHESTRA INCORPORATED GREE 3363355456 200 N Davie Street Suite 301 Greensboro NC 27401 Lisa Crawford President/CEO 3365450011 2014-10-08 2013 2015-11-30 17:44:51Z Lisa Crawford 200 North Davie Street Suite 301 Greensboro NC 27401 1652809 0 X www.greensborosymhony.org X 1960 NC The mission of the Greensboro Symphony Orchestra, Inc. is to enrich the cultural life of Greensboro, NC and surrounding areas through the development, production and promotion of the highest quality music and music education programs. 60 58 94 600 59655 0 838305 956097 591209 567137 771 630 64085 75501 1494370 1599365 0 0 0 0 873282 934129 0 0 103435 637469 640078 1510751 1574207 -16381 25158 461145 507561 296324 317582 164821 189979 The mission of the Greensboro Symphony Orchestra, Inc. is to enrich the cultural life of Greensboro, NC and surrounding areas through the development, production and promotion of the highest quality music and music education programs. 0 0 1081196 0 409534 The Greensboro Symphony Orchestra presents a full concert season of classical and "Pops" music as well as annual holiday concerts, all of which are open to the general public. During the year ending May 31, 2014 the Symphony presented twelve classical concerts, five Chamber performances, three " Pops" concerts and two Holiday concerts. The Music at Midday Series is designed for persons living in retirement homes and reached more than 1,000 senior citizens. 273659 0 157603 In cooperation with area school systems, the GSO has established an extensive music education program for students in elementary through high school, which serves more than 50,000 students each year in Guilford, Randolph, Rockingham and Alamance Counties in North Carolina. In those counties, the GSO presents twelve concerts to elementary school students in the 3rd and 4th grade, four concerts for 7th graders, and more than 70 In-School ensemble performances. The Greensboro Symphony Youth Orchestra (GSYO) Program offers motivated young musicians from the Piedmont and surrounding areas an opportunity to participate in five different ensembles during the school year where they can expand their musical skills. In conjunction with the University of North Carolina Greensboro, the Symphony provides funds for the Peck Graduate Assistantship, permitting a graduate student from UNCG to teach the Peck Elementary School Orchestra Program. Approximately 200 students participated in these various groups this past year. 0 0 0 1354855 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 95 0 1 94 1 1 1 0 0 0 0 1 1 0 0 0 0 X 60 58 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X Kathy Homiller 3363355456 200 N Davie Street Suite 301 Greensboro NC 27401 Dmitry Sitkovetsky Music Director 5 0 X 119540 0 0 Lisa Crawford President and CEO 40 0 X X 96333 0 6200 Robert Harris Past Chair & Vice Chair Management Committee 1 0 X X 0 0 0 Susan Schwartz Chairman 1 0 X X 0 0 0 Dennis Stearns Director 1 0 X 0 0 0 Robert Klepfer Director 1 0 X 0 0 0 Samuel LeBauer Asst. Vice Chair - Artistic Advisory 1 0 X X 0 0 0 Myrna Carlock Secretary 1 0 X X 0 0 0 Ann Kroupa Chair GSO Endowment Fund Trustees 1 0 X X 0 0 0 Joretta Klepfer Director 1 0 X 0 0 0 Peggy Hamilton Director 1 0 X 0 0 0 Kim Littrell Director 1 0 X 0 0 0 Vanessa Carroll Director 1 0 X 0 0 0 Jeff Chowning Director 1 0 X 0 0 0 Bert Davis Jr Director & Treasurer 1 0 X X 0 0 0 Bill Fraser Director 1 0 X 0 0 0 D K Jeong Director 1 0 X 0 0 0 Orton Jones Director 1 0 X 0 0 0 Joseph LeBauer Director 1 0 X 0 0 0 Garson Rice Director 1 0 X 0 0 0 Margaret Arbuckle Director 1 0 X 0 0 0 Jason Bodford Director 1 0 X 0 0 0 Darren Cossaart Director 1 0 X 0 0 0 Eric Eley Director 1 0 X 0 0 0 Anne Smith Vice Chair - Marketing 1 0 X X 0 0 0 Elaine Ashley Director 1 0 X 0 0 0 Robert Green Chairman-Elect & Vice Chair Development 1 0 X X 0 0 0 Shawn Houck Director 1 0 X 0 0 0 Kathy Manning Director 1 0 X 0 0 0 Carol Rauch Director 1 0 X 0 0 0 Connie Saul Director 1 0 X 0 0 0 Bernie Mann Director 1 0 X 0 0 0 David Parker Director 1 0 X 0 0 0 Amy Conley Director 1 0 X 0 0 0 Scott Duggan Vice Chair - Legal 1 0 X X 0 0 0 Libby Gabriel Director 1 0 X 0 0 0 Patrick Guido Director 1 0 X 0 0 0 Debby Heidfeld Director 1 0 X 0 0 0 Suzanne Johnson Director 1 0 X 0 0 0 Svetlana Krylova Director 1 0 X 0 0 0 Laura Santana Director 1 0 X 0 0 0 Steven Thaggard Director 1 0 X 0 0 0 Bernadette Trinidad Director 1 0 X 0 0 0 Gail Buchanan Director 1 0 X 0 0 0 Leonard Pryor Director & Asst. Treasurer 1 0 X X 0 0 0 Peter Rogers Director 1 0 X 0 0 0 Tim Smyth Director & Vice Chair - Artistic Advisory 1 0 X X 0 0 0 Billy Summers Director 1 0 X 0 0 0 Peter Alexander Director 1 0 X 0 0 0 Betsy Craft Director 1 0 X 0 0 0 Fred Guttman Director 1 0 X 0 0 0 Sherri Hill Director 1 0 X 0 0 0 Chris Howard Director 1 0 X 0 0 0 Sharon Kasica Director 1 0 X 0 0 0 Katie Klod Director 1 0 X 0 0 0 Carole Lineberry-Moore Director 1 0 X 0 0 0 Phil Petros Director 1 0 X 0 0 0 Rebecca Scholsser Director 1 0 X 0 0 0 Corey Williams Director 1 0 X 0 0 0 Ches Kennedy Director 1 0 X 0 0 0 215873 0 6200 1 0 0 0 Dmitry Sitkovetsky The Studio 1 Cleve Road London UK NW63RG Music Director/Conductor 119540 1 0 0 45610 150000 64571 695916 0 956097 Concert ticket Sales 711130 360972 360972 0 0 Contract Concerts 711130 113752 113752 0 0 Youth Orchestra Tuition & Fees 711130 91851 91851 0 0 562 562 0 0 567137 630 0 0 630 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 69290 45610 53444 15846 0 15846 0 0 0 0 0 0 0 0 0 0 0 0 59655 0 59655 0 59655 1599365 567137 59655 16476 X 0 0 0 0 0 0 0 0 96333 19267 38533 38533 0 0 0 0 739718 677581 32349 29788 0 0 0 0 39664 33975 2954 2735 58414 47815 5372 5227 0 0 0 0 0 0 0 0 3904 0 3904 0 0 0 0 0 0 0 0 0 0 0 187203 186140 0 1063 106008 106008 0 0 65165 41379 14427 9359 0 0 0 0 0 0 0 0 113770 113769 1 0 64654 64654 0 0 0 0 0 0 7143 5719 1424 0 0 0 0 0 0 0 0 0 9157 7331 1826 0 4684 0 4684 0 Music, Recordings & License Fees 29171 29171 0 0 Dues & Publications 5534 0 4040 1494 17046 17046 17046 0 0 Payroll Services 8295 0 0 8295 18344 5000 6403 6941 1574207 1354855 115917 103435 32919 29551 289378 327007 43889 34414 12383 30021 0 0 0 0 0 0 0 0 11673 17195 226147 156774 70903 69373 0 0 0 0 0 461145 507561 30134 24121 0 0 266190 293461 0 0 0 0 0 0 0 0 0 0 0 0 296324 317582 X 49381 50407 115440 139572 0 0 164821 189979 461145 507561 25158 0 0 0 0 0 X 0 1 X 1 0 X 830256 805310 810581 838305 956097 4240549 829198 589284 547797 591209 567137 3124625 0 0 0 0 0 0 0 0 0 0 0 0 10186 10186 10186 10186 18520 59264 1669640 1404780 1368564 1439700 1541754 7424438 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7424438 2502 1787 1541 771 630 7231 0 0 0 0 0 2502 1787 1541 771 630 7231 0 0 8524 6202 207 14933 0 0 0 0 0 0 1672142 1406567 1378629 1446673 1542591 7446602 0.99702 0.99649 0.00097 0.00153 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3968887 38658 448828 150000 0 30596 4275777 3448410 103900 573594 130000 0 27017 3968887 3747341 1000 -145407 128000 0 26524 3448410 2974262 288277 658663 146425 0 27436 3747341 2710279 8469 375395 96000 0 23881 2974262 0 0.85 0.15 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 96725 89662 7063 0 129422 67112 62310 69373 0 0 X 1771795 0 118986 0 53444 172430 1599365 0 0 0 1599365 1746637 118986 0 0 53444 172430 1574207 0 0 0 1574207 Schedule D, Part V, Line 4 The Greensboro Symphony Endowment Fund is to be used to provide for the continuation and development of The Greensboro Symphony Orchestra, Inc. Schedule D, Part X, Line 2 The Orchestra is classified as Section 501(c)(3) under the Federal Internal Revenue Code. As a result, it has been determined to be exempt from federal and state income taxes. The Orchestra accounts for uncertain income tax positions by prescribing a minimum probability threshold that a tax position must meet before a financial statement income tax benefit is recognized. The minimum threshold is defined as a tax position, based solely on its technical merits, that would more likely than not be sustained upon examination by the relevant tax authority with knowledge of the same facts. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution. Based on all known facts and circumstances and current tax law, the Orchestra believes the total amount of uncertain income tax position liabilities and related accrued interest are not material to its financial position. As of May 31, 2014 and including the previous three years considering extensions, the Orchestra's income tax returns are open and subject to examination by tax authorities with relevant jurisdiction. Should such an examination take place, management does not anticipate any significant issues related to the open years. Schedule D, Part XI, Line 2d Direct Expenses for Fund Raising event of $53,444 wre offset against Gross fund raising revenue on Form 990, Schedule VIII, Line 8b. These were shown as expenses on the Audited Financial Statements. Schedule D, Part XII, Line 2d Direct Expenses for Fund Raising event of $53,444 wre offset against Gross fund raising revenue on Form 990, Schedule VIII, Line 8b. These were shown as expenses on the Audited Financial Statements. Name That Tune 114900 45610 69290 0 0 0 22894 8343 22207 0 0 114900 45610 69290 0 0 0 22894 8343 22207 53444 15846 Schedule G, Part II, Line 9 Other direct expenses includes fees paid to artist who did paintings during program which were sold at auction, cost of items purchased for auction, fee for handling auction, security, rental of tables and linens, etc., clean up staff and various office expenses. Form 990, Part VI, Section A, Line 2 Joe LeBauer and Samuel LeBauer - Family Relationship, Bob Klepfer, Jr. and Joretta Klepfer - family relationship Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the controller and then reviewed by our accounting firm. Once the review by our CPA firm is completed, it is presented to the Finance Committee of the Greensboro Symphony Orchestra, Inc. for their review and approval. Once approved copies of the 990 are made available to each board member at next scheduled board meeting. Form 990, Part VI, Section B, Line 12c The President/CEO has responsibility to review all contracts and transactions to insure that the provisions of the Conflict-of-Interest policy is complied with. Form 990, Part VI, Section B, Line 15 The President/CEO is selected by the Board of Directors and an annual review of his/her performance is completed by the Executive Committee, which also approves any salary changes. The Music Director's duties and contract and fees are reviewed by the Artistic Committee comprised of Board Members, Symphony President/CEO and musicians. A survey is given to contract musicians and results are reviewed by the Executive Committee. The Music Director's contract is re-negotiated every three (3) years, unless the contract is cancelled by either party according to clauses outlined in the contract. To assist in establishing the salary/contract fee for the President/CEO and Music Director positions, published orchestra compensation reports prepared by Drew McManus are consulted for comparison guidelines. This report is published yearly and examines the compensation trends among orchestra executives, music directors, concertmasters and base musicians at professional U.S. orchestras. Form 990, Part VI, Section C, Line 19 Copies of the governing documents and financial statements are on file at the Greensboro Symphony Orchestra, Inc. office at 200 N. Davie Street, Suite 301, Greensboro, NC 27401. Anyone requesting to review these documents can come by the office and do so. If a written request is received requesting copies, they would be provided as required by law. Form 990, Part IX, Line 11g Fees paid to guest conductors and guest performing artist at concerts performed by the Greensboro Symphony Orchestra. The Greensboro Symphony Endowment Fund 200 North Davie Street Greensboro NC 27401 561542010 GSO continuation & development NC 501(c)(3) 9 N/A 0 The Greensboro Symphony Guild P O Box 29224 Greensboro NC 27429 561461256 Music education NC 501(c)(3) 9 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The Greensboro Symphony Endowment Fund c 150000 The Fund calculates the amount of money annually distributd to the Symphony. The current distribution policy is to distribute four percent (4%) of the average of the fair market value of the Fund over the trailing twelve (12) calendar quarter period ending December 31st, subject to the prudence standards imposed by UPMIFA. The Greensboro Symphony Guild c 60000 Annual contribution to the Greensboro Symphony Orchestra is determined by the Guild primarily based on contributions received each year.