2014-12-18T16:11:10-06:00 2014-06-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 80111 990 2013-07-01 840511458 COLORADO SYMPHONY ASSOCIATION COLO 3032925566 1000 14TH STREET NO 15 DENVER CO 802022333 EVAN LASKY CHIEF OPERATING OFFICER 3032925566 2014-12-17 1 KYLE FRITCH CPA P01313374 3037705700 2014-12-17 2013 2015-11-30 17:44:51Z EVAN LASKY 1000 14TH STREET NO 15 DENVER CO 802022333 14245708 0 X WWW.COLORADOSYMPHONY.ORG X 1989 CO PERFORMANCE OF SYMPHONIC CONCERTS. 44 34 414 450 0 0 5446498 8584791 5289722 5333229 1103 53 105912 -96986 10843235 13821087 0 0 0 0 7929231 8228400 0 0 601121 4301043 4621789 12230274 12850189 -1387039 970898 14393132 16059548 3112304 2674373 11280828 13385175 X THE COLORADO SYMPHONY ASSOCIATION (CSA) IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO FUND AND OPERATE THE COLORADO SYMPHONY ORCHESTRA FOR THE ENJOYMENT AND BENEFIT OF THE CITIZENS OF METROPOLITAN DENVER, AND THE GREATER COLORADO AND ROCKY MOUNTAIN REGIONS. THE COLORADO SYMPHONY ORCHESTRA PERFORMS MORE THAN 100 CLASSICAL, POPS, AND FAMILY CONCERTS EACH YEAR, SHOWCASING MANY OF THE WORLD'S FINEST MUSICIANS, CONDUCTORS, AND ENTERTAINERS. 0 0 9918523 5333229 THE COLORADO SYMPHONY ASSOCIATION PERFORMS SYMPHONIC CONCERTS BENEFITING OVER 250,000 PATRONS FROM THE DENVER AND TRI-STATE AREAS WHILE PROVIDING A PERFORMANCE PLATFORM TO WORLD-CLASS MUSICIANS. 9918523 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 133 0 1 414 1 0 0 0 0 0 1 1 0 0 0 0 X 44 34 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X NORMA THEISEN 3032925566 1000 14TH STREET 15 DENVER CO 802022333 JEROME KERN PRESIDENT & CEO/CO-CHAIRMAN 51.00 1.50 X X 0 0 0 MARY ROSSICK-KERN CO-CHAIRWOMAN 1.00 X X 0 0 0 CHRIS OTT TREASURER 1.00 X X 0 0 0 SUSAN BOWLES SECRETARY/MUSICIAN TRUSTEE 40.00 X X 35488 0 42829 YUMI HWANG-WILLIAMS CONCERT MASTER/ TRUSTEE 40.00 X 104783 0 11685 CHAR CAMPBELL MUSICIAN TRUSTEE 40.00 X 33745 0 7738 KAREN KINZIE MUSICIAN TRUSTEE 40.00 X 50031 0 13227 MIKE THORNTON MUSICIAN TRUSTEE 40.00 X 75076 0 2831 JOHN HILTON MUSICIAN TRUSTEE 40.00 X 43873 0 9166 ANN-MARIE HOFFMAN MUSICIAN TRUSTEE 40.00 X 42262 0 9444 BASIL VENDRYES MUSICIAN TRUSTEE 40.00 X 59657 0 41091 BROOK SCHOENWALD MUSICIAN TRUSTEE 40.00 X 57312 0 8361 CHAD COGNATA MUSICIAN TRUSTEE (THRU 6/13) 40.00 X 70521 0 11476 MARGARET HOEPPNER MUSICIAN TRUSTEE (THRU 6/13) 40.00 X 44591 0 9475 JIM COPEHAVER TRUSTEE 1.00 X 0 0 0 W GERALD RAINER MD TRUSTEE 1.00 X 0 0 0 BILL SCHUMACHER TRUSTEE 1.00 X 0 0 0 REBECCA DECOOK TRUSTEE 1.00 X 0 0 0 WALTER DEHAVEN JR TRUSTEE 1.00 X 0 0 0 BJ DYER TRUSTEE 1.00 X 0 0 0 SANDY ELLIOTT TRUSTEE 1.00 X 0 0 0 SUSAN FAKHARZADEH TRUSTEE 1.00 X 0 0 0 NEDA GHAEMI TRUSTEE 1.00 X 0 0 0 DONNA GOOD TRUSTEE 1.00 X 0 0 0 DR MICHAEL G GUNDZIK TRUSTEE 1.00 X 0 0 0 RICHARD KYLBERG TRUSTEE 1.00 X 0 0 0 PETER LANDGRAFF TRUSTEE 1.00 X 0 0 0 PAUL LOPEZ TRUSTEE 1.00 X 0 0 0 PATRICK MCKINSTRY TRUSTEE 1.00 X 0 0 0 MIKE PAPPAS TRUSTEE 1.00 X 0 0 0 JIM SHPALL TRUSTEE 1.00 X 0 0 0 JULIE RUBSAM TRUSTEE 1.00 X 0 0 0 WELLINGTON WEBB TRUSTEE 1.00 X 0 0 0 DR PAULA P BERNSTEIN TRUSTEE 1.00 X 0 0 0 YOUNG S CHO TRUSTEE 1.00 X 0 0 0 ANDREW LITTON EX-OFFICIO TRUSTEE 1.00 X 0 0 0 MICHAEL MCMAHON EX-OFFICIO TRUSTEE 1.00 X 0 0 0 SHARON REIMER EX-OFFICIO TRUSTEE 1.00 X 0 0 0 GINGER WHITE EX-OFFICIO TRUSTEE 1.00 X 0 0 0 WENDY WOLLERT EX-OFFICIO TRUSTEE 1.00 X 0 0 0 TERRY BIDDINGER EX-OFFICIO TRUSTEE 1.00 X 0 0 0 JACK FINLAW EX-OFFICIO TRUSTEE 1.00 X 0 0 0 LEE YEINGST EMERITUS TRUSTEE 1.00 X 0 0 0 WILLIAM COORS EMERITUS TRUSTEE 1.00 X 0 0 0 JOHN LOW EMERITUS TRUSTEE 1.00 X 0 0 0 PHILIP EVAN LASKY VP AND CHIEF OPERATING OFFICER 50.00 X 93041 0 2576 ANTHONY PIERCE VP OF ARTISTIC 50.00 X 94419 0 12800 GENE SOBCZAK FORMER PRESIDENT/CEO 50.00 X 103359 0 12526 908158 0 195225 2 1 0 0 0 1053413 2237897 926818 4366663 235791 8584791 CONCERT PERFORMANCES 711130 5209383 5209383 123846 123846 5333229 53 53 102 102 172033 1053413 283274 -111241 -111241 155500 141347 14153 14153 13821087 5333229 0 -96933 918815 781621 102856 34338 5629045 4934277 512189 182579 205477 183875 16982 4620 784728 694649 66352 23727 690335 600898 65331 24106 179643 179643 724914 370128 135823 218963 668017 667567 450 403850 101099 234563 68188 346170 186971 158314 885 251021 181280 55756 13985 313822 306926 4196 2700 9109 3148 5961 13319 13319 57566 57566 63889 15411 48478 GUEST CONDUCTOR AND ART 1296218 1296218 PRODUCTION EXPENSE 180533 180533 113718 81489 5649 26580 12850189 9918523 2330545 601121 6107 77291 27152 548752 1750502 90756 4810 9860 136887 138031 1020813 458667 580021 562146 12943458 13576907 14393132 16059548 344257 556613 1668047 1717760 400000 0 700000 400000 3112304 2674373 X -2081475 -1909633 510794 1307327 12851509 13987481 11280828 13385175 14393132 16059548 970898 1133449 0 X 0 1 X 1 0 X 5421199 6129128 5399956 5446498 8584791 30981572 5421199 6129128 5399956 5446498 8584791 30981572 2641228 28340344 36610 1293 498 1471 155 40027 32963 25517 58480 31080079 29315363 0.91180 0.97050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15528275 1135972 2000000 14664247 11544877 3983398 15528275 11679245 48678 183046 11544877 10088214 1591031 11679245 9317498 770716 10088214 1.00000 0 1 1 249376 249376 0 309788 209291 100497 461649 461649 562146 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 13576907 13576907 X 13202187 1133449 247651 1381100 11821087 2000000 2000000 13821087 13097840 247651 247651 12850189 0 12850189 PART V, LINE 4: PERMANAENT ENDOWMENTS CONSIST OF FUNDS HELD BY OTHER TAX-EXEMPT ORGANIZATIONS ESTABLISHED TO ADMINISTER THE ENDWOMENT FUNDS PREVIOUSLY HELD BY THE SYMPHONY. THESE ORGANIZATIONS ARE GOVERNED BY SEPARATE BOARDS OF TRUSTEES. SUPPORTING DISTRIBUTIONS (IF APPLICABLE) FROM THE FUNDS ARE PROVIDED TO THE SYMPHONY FOR PROGRAM SERVICES AND OTHER OPERATIONS. PERMANENT ENDOWMENTS ALSO INCLUDE A BENEFICIAL INTEREST IN AN IRREVOCABLE PERPETUAL TRUST ADMINISTERED BY A COMMUNITY FOUNDATION. THE TRUST AGREEMENT REQUIRES DISTRIBUTION OF 50% OF THE NET INCOME OF THE TRUST TO THE SYMPHONY FOR ITS UNRESTRITED USE; HOWEVER THE SYMPHONY WILL NEVER RECEIVE THE ASSETS OF THE TRUST. PART X, LINE 2: THE ASSOCIATION AND CSF ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. EACH ENTITY HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. WE BELIEVE THAT EACH ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ENTITIES WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: SUPPORT FROM RELATED ORGANIZATION NOT REPORTED ON CONSOLIDATED FINANCIALS 2,000,000. SYMPHONY BALL 1177789 1053413 124376 30310 109604 1200 102361 5K 47657 47657 428 1500 37871 1225446 1053413 172033 30738 111104 39071 102361 283274 -111241 155500 5000 57035 79312 1 0.50000 155500 5000 57035 79312 141347 14153 CO 1 0 0 0 1.00000 NORMA THEISEN 1000 14TH STREET 15 DENVER CO 80202 0 OBADIAH ARISS 0 THE RAFFLE MANAGER OVERSEES ALL ASPECTS OF THE RAFFLE. THIS INCLUDES SECURING RAFFLE PRIZES, ORGANIZING AND MANAGING VOLUNTEERS FOR TICKET SALES, CREATING CALENDARS FOR CAR DISPLAY, MANAGING THE RAFFLE COMMITTEE AND CREATING "GREAT SYMPHONY SWEEPSTAKES" CONTENT FOR MARKETING COLLATERAL. THE RAFFLE MANAGER WORKS IN CONJUNCTION WITH MEMBERS OF THE FINANCE DEPARTMENT TO REVIEW, TABULATE AND AUDIT ALL SALES ASSOCIATED WITH THE RAFFLE. X 1 14153 X X X X X 0 0 0 0 0 0 0 0 0 GENE SOBCZAK FORMER PRESIDENT/CEO 103359 0 0 0 0 0 2859 0 9667 0 115885 0 0 0 X 18 100034 SELLING PRICE X VARIOUS AUCTI 171 74542 COST X TRAVEL ACCOMO 2 61215 COST 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEES SHALL ELECT AN EXECUTIVE COMMITTEE CONSISTING OF NO FEWER THAN TWELVE AND NO MORE THAN TWENTY BOARD TRUSTEES, INCLUDING THE BOARD CHAIR, THE PRESIDENT/CEO, THE MUSIC DIRECTOR AND A MINIMUM OF FOUR MUSICIAN TRUSTEES AND AT-LARGE MEMBERS ELECTED BY THE BOARD OF TRUSTEES. MEMBERS OF THE EXECUTIVE COMMITTEE SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL ORGANIZATIONAL MEETING OF THE BOARD OR THE ELECTION AND QUALIFICATION OF SUCCESSORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD, ANY AND ALL POWERS AND AUTHORITY OF THE ENTIRE BOARD OF TRUSTEES, EXCEPT AS OTHERWISE PROVIDED BY THE ACT, BY THE ARTICLES, OR BY THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JERRY KERN AND MARY ROSSIK KERN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 ALL TENURED MUSICIANS SHALL BE MEMBERS OF THE ASSOCIATION. GENERAL MEMBERS: ANY CORPORATION, PARTNERSHIP, TRUST, FOUNDATION, OR ANY OTHER ENTITY, WHICH SHALL HAVE PAID AN ANNUAL CONTRIBUTION IN THE MINIMUM AMOUNT SET BY THE TRUSTEES FROM TIME TO TIME, SHALL BE MEMBERS OF THE ASSOCIATION. ANY MEMBER WHO IS A MEMBER OF THE COLORADO SYMPHONY LEAGUE SHALL ALSO BE A MEMBER OF THE ASSOCIATION. SPECIAL CONTRIBUTORS: ALL PERSONS WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THE ASSOCIATION, EITHER THROUGH EXTRAORDINARY GIFTS OR OTHER GENERAL OR SPECIFIC ACTS OF SIGNIFICANT SUPPORT, ASSISTANCE OR PARTICIPATION AND WHO ARE ELECTED TO MEMBERSHIP IN THE ASSOCIATION AT THE ANNUAL MEETING (THE "SPECIAL CONTRIBUTORS"), SHALL BE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION SHALL BE ENTITLED TO RECEIVE NOTICE AND TO VOTE AT MEETINGS OF MEMBERS. EACH MEMBER OF THE ASSOCIATION IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. A MEMBER OF THE ASSOCIATION ENTITLED TO VOTE MAY VOTE IN PERSON OR BY PROXY EXECUTED IN WRITING BY THE MEMBER OF THE ASSOCIATION OR ITS DULY AUTHORIZED ATTORNEY-IN-FACT. NO PROXY MAY BE VALID AFTER ELEVEN MONTHS FROM THE DATE OF ITS EXECUTION UNLESS OTHERWISE PROVIDED IN THE PROXY. FORM 990, PART VI, SECTION B, LINE 11 AN UNREDACTED COPY OF THE FORM 990 IS REVIEWED BY ALL TRUSTEES OF THE FINANCE COMMITTEE PRIOR TO FILING. IN ADDITION, A REDACTED COPY OF THE TAX RETURN IS SENT TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE COLORADO SYMPHONY ASSOCIATION (CSA) HAS A CONFLICT OF INTEREST POLICY COVERING OFFICERS, DIRECTORS, COMMITTEE MEMBERS, MUSICIAN TRUSTEES, STAFF MEMBERS, AND CERTAIN CONSULTANTS (IF APPROPRIATE). EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A POTENTIAL CONFLICT OF INTEREST. THE DISCLOSURE FORM MUST BE SUBMITTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING POTENTIAL CONFLICTS OF INTEREST AND HANDLING WHAT IT DETERMINES TO BE ACTUAL CONFLICTS OF INTEREST IN THE MANNER DESCRIBED IN THE POLICY UNDER "REVIEWING AND MANAGING CONFLICTS OF INTEREST". IF THE EXECUTIVE COMMITTEE OR RESPONSIBLE PERSON BECOMES AWARE THAT CSA IS ABOUT TO ENTER INTO OR MAKE ANY DECISION INVOLVING A CONFLICTING INTEREST TRANSACTION WITH THE RESPONSIBLE PERSON, A FAMILY MEMBER, A FRIEND, OR A RELATED ENTITY, THE RESPONSIBLE PERSON MUST: 1) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF CSA OF THE CONFLICT OF INTEREST 2) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING TO SUCH PERSON(S) ANY MATERIAL FACTS THAT BEAR ON THE ADVISABILITY OF THE TRANSACTION FROM THE STANDPOINT OF CSA AND 3) NOT PARTICIPATE IN THE DELIBERATION OR VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION, AND NOT ATTEMPT TO EXERT HIS OR HER INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE EXECUTIVE COMMITTEE WILL REPORT TO THE BOARD AT ITS NEXT REGULAR MEETING THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION INCREASES WERE MADE FOR THE CEO. AT A FUTURE TIME, WHEN AND IF APPROPRIATE, COMPENSATION INCREASES MAY OCCUR AFTER COMPARING THE CURRENT COMPENSATION WITH COMPENSATION BASED ON SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND AFTER ANALYZING THE VALUE BROUGHT TO THE CSA BY THE PRESIDENT AND CEO. SENIOR MANAGEMENT TEAM COMPENSATION INCREASED ON SEPTEMBER 1, 2014. COMPENSATION INCREASES OCCURRED AFTER COMPARING THE CURRENT COMPENSATION WITH COMPENSATION BASED ON SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND AFTER ANALYZING THE VALUE BROUGHT TO THE CSA BY SENIOR MANAGEMENT STAFF PERSON(S). THE PRESIDENT AND CEO WORKED WITH THE GOVERNING BODY AND INFORMED THEM OF THE RECOMMENDED CHANGE. 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, VIA MAIL, EMAIL OR IN PERSON AT ITS OFFICES. THE SYMPHONY FUND 1000 14TH STREET 15 DENVER CO 80202 260138249 RAISE, HOLD & ADMINISTER FUNDS FOR OPERATING NEEDS OF SYMPHONY ASSOCIATION CO 501(C)(3) LINE 11A, I COLORADO SYMPHONY ASSOCIATION 1 COLORADO SYMPHONY FOUNDATION 633 17TH STREET STE 3000 DENVER CO 80202 841257033 SUPPORT THE PURPOSES OF COLORADO SYMPHONY ASSOCIATION CO 501(C)(3) LINE 11D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 COLORADO SYMPHONY FUND C 2000347 CASH