2014-06-13T11:00:04-05:00 2013-07-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2012-08-01 620550979 NASHVILLE SYMPHONY ASSOCIATION NASH 6156876515 1 Symphony Place Nashville TN 37201 CHAD BOYD 2014-06-13 true rachel spurlock P00520729 6153605500 2012 2015-11-30 17:44:51Z THE NASHVILLE SYMPHONY ALAN VALENTINE 1 Symphony Place Nashville TN 37201 62393210 false X NASHVILLESYMPHONY.ORG X 1946 TN THE NASHVILLE SYMPHONY IS DEDICATED TO ACHIEVING THE HIGHEST STANDARD FOR EXCELLENCE IN MUSICAL PERFORMANCE AND EDUCATIONAL PROGRAMS, WHILE ENGAGING THE COMMUNITY, ENRICHING AUDIENCES AND SHAPING CULTURAL LIFE. 64 63 510 274 -472341 -472341 10598243 4931717 7934210 7431021 2224138 8748378 808617 25730 21565208 21136846 7500 14000 0 0 13391393 15074523 283750 132837 1419082 19618967 19147432 33301610 34368792 -11736402 -13231946 181289803 128202779 109238949 30326219 72050854 97876560 X MISSION STATEMENT - THE NASHVILLE SYMPHONY IS DEDICATED TO ACHIEVING THE HIGHEST STANDARD FOR EXCELLENCE IN MUSICAL PERFORMANCE AND EDUCATIONAL PROGRAMS, WHILE ENGAGING THE COMMUNITY, ENRICHING AUDIENCES AND SHAPING CULTURAL LIFE. CONTINUED IN SCHEDULE O. false false 28469790 7494121 LED BY MUSIC DIRECTOR GIANCARLO GUERRERO AND PRESIDENT AND CEO ALAN D. VALENTINE, THE GRAMMY® AWARD-WINNING NASHVILLE SYMPHONY HAS RECEIVED NATIONAL AND INTERNATIONAL RECOGNITION FOR ITS EXCEPTIONAL MUSICIANSHIP AND ADVENTUROUS PROGRAMMING. THE SYMPHONY PERFORMS MORE THAN 140 CONCERTS ANNUALLY, INCLUDING CLASSICAL, POPS, JAZZ, A FAMILY SERIES AND A VARIETY OF SPECIAL EVENTS. THE 2012/13 SEASON OPENED WITH A MOMENTOUS PERFORMANCE OF MAHLER'S SYMPHONY NO. 8, POPULARLY KNOWN AS "SYMPHONY OF A THOUSAND" BECAUSE OF THE HUGE NUMBER OF MUSICIANS AND SINGERS REQUIRED. THIS AMBITIOUS UNDERTAKING SET THE TONE FOR THE REST OF THE SEASON, WHICH COVERED THE FULL BREADTH OF THE ORCHESTRAL REPERTOIRE. HIGHLIGHTS INCLUDED EVERYTHING FROM AUDIENCE FAVORITES SUCH AS BEETHOVEN'S FIFTH AND BERLIOZ'S SYMPHONIE FANTASTIQUE TO AN ENTIRE CONCERT OF MUSIC INSPIRED BY FOLK TRADITIONS, WITH PERFORMANCES OF HUNGARIAN COMPOSER ZOLTÁN KODÁLY'S HARY JANOS SUITE AND MEXICAN COMPOSER CARLOS CHÁVEZ'S SINFONÍA INDIA. THROUGHOUT THE SEASON WERE A NUMBER OF HIGH-PROFILE COMMISSIONS, PREMIERES AND RECORDINGS OF NEW MUSIC BY EDGAR MEYER, RICHARD DANIELPOUR, ROBERTO SIERRA AND OTHER LEADING AMERICAN COMPOSERS. ON SEPTEMBER 20-22, 2012, THE ORCHESTRA RECORDED ROBERTO SIERRA'S CARNAVAL, A VIBRANT, COLORFUL WORK INSPIRED EQUALLY BY THE MUSIC OF ROBERT SCHUMANN AND THE RHYTHMS OF LATIN DANCE. THIS COMPOSITION WAS RELEASED ON THE NAXOS LABEL IN NOVEMBER 2013. AT THE SAME CONCERT, THE SYMPHONY COMPLETED RECORDING FOR A DISC FEATURING WORKS BY RICHARD DANIELPOUR, WHICH RELEASED ON NAXOS IN SEPTEMBER 2013. FEATURING THE CHARISMATIC SOPRANO ANGELA BROWN, A WOMAN'S LIFE IS A SONG CYCLE BASED ON POEMS BY AMERICAN POET MAYA ANGELOU. IN OCTOBER 2012, THE NASHVILLE SYMPHONY PERFORMED AND RECORDED TWO COMPOSITIONS BY STEPHEN PAULUS: THE VEIL OF TEARS AND THREE PLACES OF ENLIGHTENMENT, A CONCERTO FOR STRING QUARTET FEATURING THE ORCHESTRA'S PRINCIPAL STRING PLAYERS: CONCERTMASTER JUN IWASAKI, SECOND VIOLINIST CAROLYN WANN BAILEY, VIOLIST DAN REINKER AND CELLIST ANTHONY LAMARCHINA. BOTH WORKS WILL BE FEATURED ON A FORTHCOMING RELEASE WITH PAULUS' GRAND ORGAN CONCERTO. ALONG WITH ITS CLASSICAL OFFERINGS, THE NASHVILLE SYMPHONY PERFORMS EIGHT THREE-NIGHT PRESENTATIONS IN ITS POPS SERIES. THIS SUBSCRIPTION SERIES FEATURES A VARIETY OF POPULAR STYLES, REPRESENTED BY SUCH PERFORMERS AS BOYZ II MEN AND THE CHIEFTAINS. A FOUR-CONCERT FAMILY SERIES, THE ANN & MONROE CARELL FAMILY TRUST PIED PIPER CHILDREN'S SERIES IS GEARED TOWARD YOUNG LISTENERS AND THEIR FAMILIES. THE NASHVILLE SYMPHONY HAS ALSO EMERGED IN RECENT YEARS AS A CONCERT PRESENTER, BRINGING A DIVERSE ARRAY OF ARTISTS TO PERFORM AT SCHERMERHORN SYMPHONY CENTER IN CONCERTS WITHOUT THE ORCHESTRA. NOTABLE JAZZ EVENTS HAVE INCLUDED PIANIST MCCOY TYNER AND SAXOPHONIST WAYNE SHORTER. OTHER PRESENTATION HIGHLIGHTS HAVE INCLUDED SINGER AL GREEN, THE SILK ROAD ENSEMBLE WITH YO-YO MA AND COMEDIAN BOB NEWHART. FOR MANY YEARS, THE NASHVILLE SYMPHONY HAS ALSO PARTNERED WITH OTHER LOCAL ARTS ORGANIZATIONS, PROVIDING LIVE ORCHESTRAL ACCOMPANIMENT FOR PERFORMANCES BY NASHVILLE BALLET AND NASHVILLE OPERA. ITS REACH IN THE MIDDLE TENNESSEE COMMUNITY IS BOTH BROAD AND DEEP, AND THROUGH ALL OF ITS VARIOUS ACTIVITIES, IT HAS GREATLY ENRICHED CULTURAL LIFE FOR AUDIENCES OF ALL AGES AND BACKGROUNDS. 791072 14000 322850 THE NASHVILLE SYMPHONY REACHES SCHOOL CHILDREN ACROSS THE MIDDLE TENNESSEE REGION THROUGH SUCH PROGRAMS AS YOUNG PEOPLE'S CONCERTS, WHICH BRING STUDENTS FROM PUBLIC, PRIVATE AND HOME SCHOOLS TO THE SCHERMERHORN. THE ENSEMBLES IN THE SCHOOLS PROGRAM TAKES MEMBERS OF THE NASHVILLE SYMPHONY TO PUBLIC AND PRIVATE SCHOOLS, WHERE THEY PERFORM FOR STUDENTS, ALL WITHOUT COST TO STUDENTS OR THE SCHOOLS. "IS IT A FIDDLE OR A VIOLIN?" IS A UNIQUE PARTNERSHIP WITH THE COUNTRY MUSIC HALL OF FAME® AND MUSEUM, IN WHICH STUDENTS ARE INVITED TO EXPLORE THE SIMILARITIES AND THE DIFFERENCES BETWEEN CLASSICAL MUSIC AND COUNTRY MUSIC. ALONG WITH PERFORMING FOR STUDENTS, THE NASHVILLE SYMPHONY COMMITS ITS TIME AND RESOURCES TO PERFORMING FREE CONCERTS FOR PEOPLE FROM ACROSS THE COMMUNITY. EVERY SUMMER, THE COMMUNITY CONCERTS SERIES BRINGS THE ORCHESTRA TO PUBLIC PARKS ACROSS THE CITY AND THE MID-STATE REGION. IN ADDITION, EVERY JANUARY, THE SYMPHONY PRESENTS "LET FREEDOM SING!," A FREE MUSICAL CELEBRATION OF THE LIFE AND LEGACY OF MARTIN LUTHER KING JR., AT SCHERMERHORN SYMPHONY CENTER. EACH YEAR, SCHERMERHORN SYMPHONY CENTER ALSO HOSTS THE FREE DAY OF MUSIC, WHICH FEATURES MORE THAN TWO DOZEN PERFORMANCES DURING A SINGLE DAY. THE GOAL OF THIS POPULAR EVENT, WHICH IS FREE OF CHARGE ALL DAY LONG AND TYPICALLY REACHES MORE THAN 4,000 PEOPLE, IS TO MAKE THE SCHERMERHORN ACCESSIBLE TO THE ENTIRE COMMUNITY AND TO PROVIDE A WELL-ATTENDED FORUM FOR THE PARTICIPATING MUSICAL ENSEMBLES, WHICH REPRESENT A WIDE ARRAY OF GENRES. OTHER COMMUNITY ENGAGEMENT EFFORTS INCLUDE ONSTAGE AT THE SCHERMERHORN, WHICH OFFERS ADULT PARTICIPANTS AN OPPORTUNITY TO INTERACT WITH NASHVILLE SYMPHONY MUSICIANS IN AN INFORMAL SETTING ON THE SYMPHONY CENTER STAGE. 29260862 true true false false false false false false true true false false false false false true false false false true false false true true false false false true true false false false false false false false true false false false false false true true false false false true 204 0 true 510 true true true false false false false true true false false false false X 64 63 true false true false false false false true true false false true true true true true true true true false X CHAD BOYD 6156876515 1 Symphony Place Nashville TN 37201 X ALAN D VALENTINE 40.00 X X 381988 0 21529 BETSY WILLS 1.00 X X 0 0 0 EDWARD A GOODRICH 1.00 X X 0 0 0 JAMES C SEABURY III 1.00 X X 0 0 0 MR KEVIN W CRUMBO 1.00 X X 0 0 0 ALISON F GOODING 1.00 X 0 0 0 AMY GRANT 1.00 X 0 0 0 ANASTASIA 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of endowment funds Schedule D, Part V, Line 4 THE INVESTMENT FUNDS ARE USED FOR MISSION RELATED ACTIVITIES. OF THE $9,855,873 OF ENDOWMENT FUNDS, $562,850, OR APPROXIMATELY 5.71% OF THE FUNDS, ARE PERMANENTLY RESTRICTED FUNDS. THE REMAINING FUNDS ARE UNRESTRICTED, BOARD DESIGNATED FUNDS. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS - 3859429; DEBT RESTRUCTURING - 39392096; Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b RENTAL EXPENSES - -3024773; FUNDRAISING EXPENSES - -283766; COST OF GOODS SOLD - -51147; Other expenses in audited financial statements not in form 990 Schedule D, Part XII, Line 2d UNCOLLECTIBLE PLEDGES - 883753; RENTAL EXPENSE - 3024773; COST OF GOODS SOLD - 51147; FUNDRAISING EXPENSES - 283766; false CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS INVESTMENTS- ESTABLISHED SEPTEMBER 30, 2008 3568409 3568409 false false true false false false INVESTMENT FUNDS SCHEDULE F, PART I, LINE 3 THE ORGANIZATION FIRST STARTED INVESTING IN ALTERNATIVE INVESTMENTS ON SEPTEMBER 30, 2008. Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL X X X X X X X true COMMUNITY COUNSELING SERVICES CO LLC 155 N WACKER DRIVE SUITE 1790 CHICAGO IL 60606 FUNDRAISING false 95000 62250 32750 TAYLAR DEVELOPMENT LLC 219 N MILWAUKEE STREET MILWAUKEE WI 53202 TELEFUNDING false 192232 61363 130869 287232 123613 163619 TN SYMPHONY BALL 713857 409470 304387 33721 59162 15200 143411 FASHION SHOW 303596 102429 201167 50364 60198 7500 82938 1 0 1017453 511899 505554 0 0 84085 119360 22700 226349 452494 53060 PROFESSIONAL FUNDRAISING ACTIVITIES SCHEDULE G, PART I, LINE 2B THE ORGANIZATION CONTRACTED COMMUNITY COUNSELING SERVICE (CCS) TO PROVIDE PROFESSIONAL FUNDRAISING SERVICES IN PLANNING, ORGANIZING, AND INITIALIZING A MAJOR FUNDRAISING CAMPAIGN. THE SERVICE AGREEMENT PROVIDED FOR TWO ASSIGNED PERSONNEL, ONE OF WHOM WAS ONSITE TO PROVIDE RESIDENT FUNDRAISING SERVICES. THE AGREEMENT ALSO COVERED THE NASHVILLE SYMPHONY'S RESPONSIBILITY TO MAKE AN OPERATIONAL BUDGET AVAILABLE TO COVER OPERATIONAL EXPENSES, IN ADDITION TO PROFESSIONAL FEES, INCURRED BY BOTH THE NASHVILLE SYMPHONY AND CCS FOR PURPOSES OF THE CAMPAIGN. SUCH OPERATIONAL EXPENSES INCLUDE COLLATERAL MATERIALS, POSTAGE, SHIPPING/DELIVERY, PRINTING/COPYING, RELATED TRAVEL, TELEPHONE/CALL PHONE, AND PRODUCTION OF RESEARCH REPORTS. PERSONAL LIVING AND PERSONAL TRAVEL EXPENSES OF CCS PERSONNEL ARE EXCLUDED. THE AGREEMENT ALSO PROVIDED THAT ALL EXPENSES OF $200 OR GREATER MUST BE APPROVED BY THE NASHVILLE SYMPHONY BEFORE THEY ARE INCURRED. FEES FOR SERVICES WERE $132,837. true THOR JOHNSON SCHOLARSHIP 19 9000 CURB CONCERTO COMPETITION 3 5000 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE SCHOLARSHIPS ARE AWARDED TO STUDENTS IN TWO CATEGORIES. THE SCHOLARSHIPS ARE ACTUALLY DISTRIBUTED TO THE PROVIDER OF THE MUSIC LESSONS OF THE AWARD WINNER, TO BE USED IN FUTURE MUSIC LESSONS. X X X false false false false false false false false false ALAN D VALENTINE 375138 0 250 0 6600 0 15000 0 6529 0 403517 0 0 0 MICHAEL KIRBY 137841 0 250 0 259 0 9075 0 14734 0 162159 0 0 0 MARK A BLAKEMAN 163992 0 250 0 5400 0 10888 0 14052 0 194582 0 0 0 GIANCARLO GUERERRO 468708 0 250 0 432 0 15000 0 14874 0 499264 0 0 0 JUN IWASAKI 174431 0 0 0 0 0 0 0 5083 0 179514 0 0 0 COMPENSATION OF TOP MANAGEMENT OFFICIAL SCHEDULE J, PART I, LINE 3 THE BOARD OF DIRECTORS DELEGATES RESPONSIBILITY TO THE EXECUTIVE COMMITTEE, WHICH ACTS AS THE COMPENSATION COMMITTEE, FOR THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. PINNACLE GROUP INSURANCE JOHNNA WATSON, DIRECTOR, IS PRESIDENT/CEO OF PINNACLE GROUP INSURANCE 961038 INSURANCE false KRAFT CPA PLLC KEVIN CRUMBO, TREASURER, & MYLES MACDONALD, INTERIM COO, ARE MEMBERS OF KRAFT CPAS PLLC AFFILIATE. 215988 CONSULTING SERVICES RELATED TO RESTRUCTURING false ORGANIZATION'S MISSION - CONTINUED FORM 990, PART III, LINE 1 ARTISTIC VISION STATEMENT: ACHIEVE RECOGNIZED ARTISTIC EXCELLENCE IN THE PERFORMANCE AND PRESENTATION OF THE HIGHEST QUALITY MUSIC, WITH A FOCUS ON THE CREATION, PROMOTION AND PRESERVATION OF A DISTINCTLY AMERICAN REPERTOIRE. EDUCATION VISION STATEMENT: ENGAGE AND ENRICH PEOPLE OF ALL AGES BY EXPLORING, EXPERIENCING AND CREATING MUSIC. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a ARTICLE IV, SECTION 4.1 DELEGATION OF POWER TO EXECUTIVE COMMITTEE. (A) THE EXECUTIVE COMMITTEE SHALL MANAGE THE BUSINESS AND AFFAIRS OF THE ASSOCIATION EXCEPT AS OTHERWISE LIMITED BY THESE BYLAWS, THE CHARTER OR THE ACT. THE EXECUTIVE COMMITTEE MAY ADVISE THE BOARD ON ALL MATTERS AND SHALL REPORT TO THE BOARD ON ALL DECISIONS MADE OR ACTIONS TAKEN BY IT WHICH THE EXECUTIVE COMMITTEE OR THE CHAIRMAN REASONABLY DETERMINE TO BE MAJOR DECISIONS OR ACTIONS. THE EXECUTIVE COMMITTEE SHALL BE ASSISTED BY SUCH ADMINISTRATIVE STAFF AS THE CHAIRMAN OR THE PRESIDENT AND CEO MAY DETERMINE. EXCEPT AS OTHERWISE PROVIDED IN THIS ARTICLE, THE PROVISIONS OF ARTICLE 5 SHALL APPLY TO THE EXECUTIVE COMMITTEE. (B) THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER AND AUTHORITY (I) TO APPOINT, NEGOTIATE AND APPROVE THE TERMS OF EMPLOYMENT OF, AND EVALUATE THE PERFORMANCE OF THE PRESIDENT AND CEO AND THE MUSIC DIRECTOR AND CONDUCTOR; (II) APPROVE AGREEMENTS WITH THE MUSICIANS' UNION (WITH ANY MEMBER WHO IS AN ORCHESTRA MEMBER BEING EXCLUDED, EXCEPT BY INVITATION OF THE CHAIRMAN); (III) MONITOR COMPLIANCE WITH THE BUDGET; (IV) ESTABLISH AND IMPLEMENT OPERATING POLICIES AND PROCEDURES; (V) SUPERVISE THE OPERATIONS AND FUNCTIONS OF THE OTHER COMMITTEES AND RECEIVE REPORTS FROM THESE COMMITTEES ON REQUEST OR AS REQUIRED BY THESE BYLAWS; AND (VI) APPROVE A SALE, LEASE OR PLEDGE OF LESS THAN ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE ASSOCIATION. THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER TO AMEND ANY RESOLUTION OF THE BOARD OR THE BUDGET. DURING DISCUSSIONS OF SALARY OR SENSITIVE PERSONNEL MATTERS, THE EXECUTIVE COMMITTEE MAY EXCLUDE ASSOCIATION EMPLOYEES. Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 LEE ANN INGRAM AND MARTHA INGRAM - FAMILY RELATIONSHIP Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 ARTICLE 4, SECTION 4.2, NUMBER, ELECTION AND TERM OF THE EXECUTIVE COMMITTEE HAS BEEN AMENDED TO REVISE THE MAKEUP OF THE EXECUTIVE COMMITTEE. IN ADDITION, THE PRESENCE OF A MAJORITY, RATHER THAN 2/3RDS, OF THE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE CONSTITUTES A QUORUM. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE MEMBERS OF THE EXECUTIVE COMMITTE AND FINANCE COMMITTEE REVIEWED A DRAFT OF THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES). THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES) AS ULTIMATELY FILED WITH THE IRS WAS PROVIDED TO THE GOVERNING BODY PRIOR TO ITS FILING. Conflict of interest policy Form 990, Part VI, Section B, Line 12c THE NASHVILLE SYMPHONY'S CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, OFFICERS, DIRECTORS, TRUSTEES, OR ANY OTHERS IN A FIDUCIARY RELATIONSHIP WITH THE NASHVILLE SYMPHONY AND IS ADMINISTERED BY THE EXECUTIVE COMMITTEE. AT LEAST ONCE PER YEAR, THE EXECUTIVE COMMITTEE WILL ADVISE THE BOARD OF ANY SIGNIFICANT EVENTS WHICH RELATE TO THE POLICY. CONFLICTS WHICH ARE NOT DISCLOSED TO A COMMITTEE OR TO THE BOARD OF DIRECTORS IN APPROVING SYMPHONY ACTION ARE TO BE REPORTED TO THE PRESIDENT AND CEO OF THE SYMPHONY OR TO A MEMBER OF THE EXECUTIVE COMMITTEE SO THAT AN INDEPENDENT DETERMINATION CAN BE MADE OF THE SITUATION. ANY SYMPHONY FIDUCIARY OR SYMPHONY EMPLOYEE WHO FEELS THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST OR BE AWARE OF A CONFLICT SITUATION, ACTUAL, POTENTIAL OR PERCEIVED, MAY REPORT PERTINENT DETAILS TO THE PRESIDENT AND CEO OF THE SYMPHONY OR A MEMBER OF THE EXECUTIVE COMMITTEE. THE PRESIDENT AND CEO WILL BE RESPONSIBLE FOR REFERRING THE MATTER TO THE EXECUTIVE COMMITTEE OF THE SYMPHONY. THE EXECUTIVE COMMITTEE WILL REVIEW THE INFORMATION, AND INVESTIGATE IT FURTHER IF NECESSARY. IF SUCH A CONFLICT IS DETERMINED TO EXIST, THE INDIVIDUAL WITH THE CONFLICT WILL BE PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION IN QUESTION. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a TYPICALLY, THE ORGANIZATION UTILIZES SURVEYS AND RESEARCH OF LOCAL, REGIONAL AND NATIONAL ORGANIZATIONS OF SIMILAR SIZE AND MAKEUP TO ACCUMULATE FAIR AND REASONABLE COMPENSATION DATA FOR OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS FOR THE COMPENSATION COMMITTEE TO REVIEW. DURING THE 12 MONTHS ENDED JULY 31, 2013, NO SUCH DATA WAS PRESENTED TO THE COMPENSATION COMMITTEE BECAUSE OFFICERS AND KEY EMPLOYEES HAD ACCEPTED SALARY REDUCTIONS IN THE 11% TO 15% RANGE. THE COMPENSATION COMMITTEE REAFFIRMED THESE SALARY REDUCTIONS FOR THE UPCOMING YEAR WHICH WILL END JULY 31, 2014. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b ALL OFFICERS AND KEY EMPLOYEES INCLUDED IN THE COMPENSATION REVIEW WERE AS FOLLOWS: MUSIC CONDUCTOR, PRESIDENT & CEO, CFO, GENERAL MANAGER AND VICE PRESIDENT OF REVENUE. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. COMPENSATION OF MYLE MACDONALD FORM 990, PART VII, SECTION A MYLES MACDONALD WAS THE INTERIM COO BEGINNING IN APRIL, 2013. BECAUSE THE ORGANIZATION FILES ON THE FISCAL YEAR AND COMPENSATION IS REQUIRED TO BE REPORTED FOR THE CALENDAR YEAR ENDING 12/31/2012, NO AMOUNT IS BEING REPORTED IN PART VII FOR MR. MACDONALD. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENT - 3859429; UNCOLLECTIBLE PLEDGES RECEIVABLE - -883753; DEBT RESTRUCTURING - 39392096; OTHER CHANGES IN NET ASSETS OR FUND BALANCES PART XI, LINE 9 THE OUTSTANDING MUICIPAL BONDS WERE RETIRED AS A RESULT OF THE NASHVILLE SYMPHONY RESTRUCTURED ITS LONG TERM DEBT. THE BANKS WHO HELD THE DEBT AGREED TO ACCEPT A $35 MILLION CASH PAYMENT AND A $20 MILLION MORTGAGE NOTE PAYABLE TO DISSOLVE ALL OUTSTANDING BOND DEBT AND THE RELATED INTEREST RATE SWAP LIABILITY. THE $20 MILLION NOTE PAYABLE WAS SUBSEQUENTLY SOLD TO A PRIVATE ENTITY AFFILIATED WITH A BOARD MEMBER. THE SYMPHONY RECORDED A $39 MILLION NON-CASH GAIN ON THE TRANSACTION. NASHVILLE SYMPHONY ENDOWMENT TRUST 231 S LASALLE ST IL1-231-10-05 CHICAGO IL 60697 SUPPORT NASHVILLE SYMPHONY TN 501(C)(3) 11 - Type I NASHVILLE SYMPHONY ASSOCIATION true IRREVOCABLE GRANTOR TRUSTS (2) INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION TRUST false false false false false false false false false false false false false false false false false false