2014-05-15T09:51:30-05:00 2013-06-30 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2012-07-01 340714468 The Musical Arts Association DBA THE CLEVELAND ORCHESTRA % JAMES E MENGER MUSI 2162317300 11001 Euclid Avenue Suite Cleveland OH 44106 JAMES MENGER 2014-05-14 3128792000 2012 2015-11-30 17:44:51Z GARY HANSON 11001 EUCLID AVENUE CLEVELAND OH 44106 95670812 false X www.clevelandorchestra.com X 1925 OH The core purpose of The Musical Arts Association is to provide inspirational experience by serving the art of music at the highest level of artistic excellence. 83 80 592 1261 4511 3511 28447837 37569213 16429914 16263581 7952289 10538178 393511 435971 53223551 64806943 0 0 0 0 32985841 32789877 502835 316572 2733344 17809851 17144584 51298527 50251033 1925024 14555910 223845834 247840211 72652458 68699089 151193376 179141122 X THE CORE PURPOSE OF THE MUSICAL ARTS ASSOCIATION IS TO PROVIDE INSPIRATIONAL EXPERIENCE BY SERVING THE ART OF MUSIC AT THE HIGHEST LEVEL OF ARTISTIC EXCELLENCE. THE MUSICAL ARTS ASSOCIATION OPERATES THE CLEVELAND ORCHESTRA, SEVERANCE HALL, AND BLOSSOM MUSIC CENTER. false false 23447251 0 7692919 SEVERANCE HALL SEASON (SEE SCHEDULE O) 6007417 0 1766478 BLOSSOM FESTIVAL (SEE SCHEDULE O) 9996331 0 4306661 TOURS AND RESIDENCIES (SEE SCHEDULE O) 3618191 0 2397523 43069190 true true false true false false false false false true true true false false false true true false false false true false false true true false false false false true true false false false false false true false true false true true false false false false true true true false false true 188 0 true 592 true true true true AU false false false true true false false false false X 83 80 true false false false true true true true true false false false true true true true true true true false OH X JAMES E MENGER 2162317300 11001 EUCLID AVENUE CLEVELAND OH 44106 X Dennis W LaBarre 13.0 0.0 X X Richard J Bogomolny 13.0 0.0 X X The Honorable John D Ong 3.0 0.0 X X Norma Lerner 3.0 0.0 X X Raymond T Sawyer 3.0 0.0 X X Beth E Mooney 3.0 0.0 X X George N Aronoff 1.0 0.0 X Dr Ronald H Bell 1.0 0.0 X Charles P Bolton 1.0 0.0 X Dr Jeanette Grasselli Brown 2.0 0.0 X Helen Rankin Butler 1.0 0.0 X Scott Chaikin 1.0 0.0 X Paul G Clark 1.0 0.0 X Owen M Colligan 1.0 0.0 X Robert D Conrad 1.0 0.0 X Matthew V Crawford 2.0 0.0 X Alexander M Cutler 2.0 0.0 X Terrance CZ Egger 1.0 0.0 X Dr Hiroyuki Fujita 1.0 0.0 X Paul G Greig 1.0 0.0 X Robert K Gudbranson 1.0 0.0 X Iris Harvie 1.0 0.0 X Jeffrey A Healy 1.0 0.0 X Stephen H Hoffman 1.0 0.0 X David j Hooker 2.0 0.0 X Michael J Horvitz 2.0 0.0 X Marguerite B Humphrey 1.0 0.0 X David P Hunt 1.0 0.0 X Christopher Hyland 1.0 0.0 X James D Ireland III 1.0 0.0 X Trevor o Jones 1.0 0.0 X Betsy Juliano 1.0 0.0 X Jean C Kalberer 1.0 0.0 X Nancy F Keithley 1.0 0.0 X Douglas A Kern 2.0 0.0 X John D Koch 1.0 0.0 X S Lee Kohrman 1.0 0.0 X Charlotte R Kramer 1.0 0.0 X Virginia M Lindseth 2.0 0.0 X Alex Machaskee 2.0 0.0 X Robert P Madison 1.0 0.0 X Nancy W McCann 2.0 0.0 X Thomas F McKee 1.0 0.0 X John C Morley 2.0 0.0 X Donald W Morrison 1.0 0.0 X Margaret Fulton Mueller 1.0 0.0 X Gary Oatey 1.0 0.0 X Katherine T O'Neill 1.0 0.0 X Larry Pollock 2.0 0.0 X Alfred M Rankin Jr 2.0 0.0 X Clara Rankin 1.0 0.0 X Audrey Gilbert Ratner 2.0 0.0 X Charles A Ratner 1.0 0.0 X James S Reid Jr 1.0 0.0 X Barbara S Robinson 2.0 0.0 X Paul A Rose 1.0 0.0 X Steven M Ross 1.0 0.0 X Luci Schey 1.0 0.0 X Neil Sethi 1.0 0.0 X Hewitt B Shaw Jr 1.0 0.0 X Richard K Smucker 1.0 0.0 X R Thomas Stanton 1.0 0.0 X Thomas A Waltermire 1.0 0.0 X Geraldine B Warner 1.0 0.0 X Paul E Westlake Jr 1.0 0.0 X David A Wolfort 1.0 0.0 X Virginia Nord Barbato 1.0 0.0 X Wolfgang C Berndt 1.0 0.0 X Laurel Blossom 1.0 0.0 X Richard Gridley 1.0 0.0 X George Gund III 1.0 0.0 X Loren W Hershey 1.0 0.0 X Herbert Kloiber 1.0 0.0 X Ludwig Scharinger 1.0 0.0 X Carolyn Dessin 1.0 0.0 X Beth Schreibman Gehring 1.0 0.0 X Fay A Heston 1.0 0.0 X Ruth Ann Krutz 1.0 0.0 X Dr Lester A Lefton 1.0 0.0 X Barbara R Snyder 1.0 0.0 X CHRISTOPHER M KELLY 1.0 0.0 X JEFFREY M WEISS 1.0 0.0 X NORMAN E WELLS 1.0 0.0 X MILTON S MALTZ 1.0 0.0 X SHIRLEY B DAWSON 1.0 0.0 X CLAIRE FRATTARE 1.0 0.0 X James E Menger 50.0 3.0 X 206890 0 56048 Rosemary H Klena 45.0 0.0 X 70495 0 20174 Gary Hanson 60.0 3.0 X 455189 0 139760 William WARREN Preucil 40.0 0.0 X 478056 0 52920 Richard King 40.0 0.0 X 236067 0 44772 Franklin Cohen 40.0 0.0 X 253286 0 43753 Michael Sachs 40.0 0.0 X 259482 0 48970 Joshua Smith 40.0 0.0 X 244916 0 34209 2204381 0 440606 115 false true false Franz Welser-Most 11001 Euclid Avenue CLEVELAND OH 44106 Music Director 907829 Tour Arts 2829 Bridgeway Suite 205 SAUSALITO CA 94965 tour presenter 844515 Opus 3 Artists Park Ave South 9th Floor NEW YORK NY 10016 Artistic Perf. Fees 674725 artsmarketing services inc 260 EAST KING STREET TORONTO ONTARIO M5A 4L5 CA telefund/marketing 497881 NAC TECHNOLOGIES LLC 3615 SUPERIOR AVE BLDG 42 3RD FLOO CLEVELAND OH 44114 AUDIO EQUIP/MAINT. 383749 39 160581 2851177 2247238 32310217 1415443 37569213 CONCERT REVENUE 711130 15285131 15285131 HALL INCOME 711130 804805 704805 100000 BROADCAST / RECORDING 711130 173645 173645 16263581 2463600 2463600 0 0 0 0 0 38312000 30237422 8074578 8074578 8074578 821565 160581 493543 328022 328022 0 236342 132904 103438 103438 GLIDDEN HOUSE PARTNERS, LTD 721000 4496 4496 DAVIDSON KEMPNER 721000 15 15 4511 64806943 16163581 4511 11069638 0 0 0 0 954761 954761 0 23943362 21494060 968938 1480364 4041911 3643437 357787 40687 2330874 1943527 219221 168126 1518969 1301567 117399 100003 527982 416058 101244 10680 224676 224676 61735 61735 500 500 316572 316572 567437 567437 3543003 3543003 1372980 1372980 544621 273615 180882 90124 278034 121363 156671 142593 142593 1338755 1324695 7553 6507 2882237 2841078 24499 16660 0 80400 42003 38397 186277 186277 0 1946869 1557495 194687 194687 57084 57084 DIRECT CONCERT EXPENSE 2396473 2396473 OTHER ADMINISTRATIVE EXPENSE 922859 585174 28751 308934 MEDIA 70069 70069 50251033 43069190 4448499 2733344 -31257 32938 16159897 15967894 35915025 47547325 818016 893805 0 75000 0 0 274145 376280 319668 316472 3414290 3573744 74178415 31612895 41893593 42565520 90444568 103322917 34637889 33168316 0 0 0 0 0 0 223845834 247840211 39729751 35410121 0 0 4772707 5138968 28150000 28150000 0 0 0 0 0 0 0 0 0 0 72652458 68699089 X 7121639 15694575 24806083 35954746 119265654 127491801 151193376 179141122 223845834 247840211 X 14555910 7413580 5978256 X false true X true false X 37868783 23468970 34099383 28447837 37569213 161454186 0 0 37868783 23468970 34099383 28447837 37569213 161454186 22275644 139178542 2499255 1835928 2101533 2415573 2463600 11315889 409 5444 6528 306 4511 17198 0 172787273 83888879 0.80549 0.74838 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false true 100 false false true 400 false false 500 false false Description of Lobbying Activities Schedule C, Part II-B All activities regarding lobbying activities concentrated on legislative matters only. Direct contact with legislators, their staffs, government officials or legislative bodies by The Musical Arts Association volunteers, employees, trustees, or legal counsel occurred via telephone or an occasional meeting. 140545000 6322000 17227000 0 7187000 0 156907000 145322000 4379000 170000 0 9326000 0 140545000 122581000 11582000 20256000 0 9097000 0 145322000 113141000 6275000 11013000 0 6878000 970000 122581000 123512000 22151000 -24393000 0 7171000 958000 113141000 0.18000 0.77000 0.05000 true false 1613892 1613892 65673620 28417350 37256270 0 0 6890903 3195545 3695358 0 0 0 42565520 ABSOLUTE RETURN EQUITY FUND 17435200 F HEDGED EQUITY FUND 11760970 F CHARITABLE PERPETUAL TRUSTS 3972146 F 33168316 0 0 X 76563315 7413580 98374 4248929 11760883 64802432 4511 4511 64806943 50981210 98374 631803 730177 50251033 50251033 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 Unrestricted endowment assets consist of funds which have been designated by the Board of Trustees to function as endowment and for which the use of income is not governed by donor-imposed restrictions. Term or temporarily restricted endowment are subject to donor-imposed restrictions that will be met by actions of The Musical Arts Association and/or passage of time. Permanent endowment is subject to donor-imposed restrictions that require the assets be maintained in perpetuity. The use of income and any related appreciation may be subject to restriction by the donor. FIN 48 (ASC 740) footnote from financial statements Schedule D, Part X, Line 2 The Musical Arts Association adopted FIN 48 (ASC 740) in fiscal year 2008 as required. No disclosures were required under GAAP as The Musical Arts Association does not have any material tax contingencies that required disclosures in the footnotes. Revenue amounts included on Form 990, not on audited financial statements Schedule D, Part XI, Line 4b PARTNERSHIP INCOME $4,511 Expense amounts included on audited financial statements, not on Form 990 Schedule D, Part XI, Line 2d Cost of Goods Sold $132,904 Special Event Expenses $493,543 Defined Benefit Pension Plan Liability Adjustment $3,622,482 ---------- Total $4,248,929 Schedule d, part XII, Line 2D COST OF GOODS SOLD $132,904 SPECIAL EVENT EXPENSES $493,482 Compensation Adjustment 5,356 -------- TOTAL $631,803 Europe (Including Iceland and Greenland) Fundraising 118224 Europe (Including Iceland and Greenland) Program Services FOREIGN TOUR 1703645 1821869 1821869 true false false false false false Total expenditures for activities in region Schedule F, Part I, Line 3, column (F) Foreign touring expenses are recorded on the accrual basis of accounting in The Musical Arts Association's financial books. X X X X X X X true Artsmarketing Services Telefunding false 960476 309243 651232 960476 309243 651232 FL OH SEV HALL GALA 873191 85261 787930 401372 BLOSSOM GALA 108955 75320 33635 92171 0 982146 160581 821565 493543 493543 328022 Distinguishing Pmts for Prof. Fundraising Services from Exp Pmt or Reimb Schedule G, Part I, Line 2b, column (v) The professional fundraising agreement with Artsmarketing Services, Inc. stipulates that payments made are for professional fundraising services ($309,243) based upon the agreed upon revenue rate and reimbursement for campaign materials ($7,868). X X true true X X X X false false false false false false false false false James E Menger 187031 0 0 0 19859 0 36473 0 19575 0 262938 0 0 0 Gary Hanson 448290 0 0 0 6899 0 122099 0 17661 0 594949 0 0 0 William WARREN Preucil 478056 0 0 0 0 0 35405 0 17515 0 530976 0 0 0 Richard King 236067 0 0 0 0 0 28705 0 16697 0 281469 0 0 0 Franklin Cohen 253286 0 0 0 0 0 38359 0 5394 0 297039 0 0 0 Michael Sachs 259482 0 0 0 0 0 31705 0 17265 0 308452 0 0 0 Joshua Smith 244916 0 0 0 0 0 28075 0 6134 0 279125 0 0 0 Travel for companions SCHEDULE J, PART I, LINE 1A The Executive Director's spouse occasionally travels with him attending concerts and other tour specific functions at the expense of the Musical Arts Association. CHARTER TRAVEL EXPLANATION FOR SCHEDULE J, PART I, LINE 1A THE CLELVELAND ORCHESTRA, ON OCCASION, TRAVELS VIA CHARTER FLIGHTS WHEN NECESSARY TO FULFILL FOREIGN OR DOMESTIC TOUR CONCERT SCHEDULING REQUIREMENTS. COMPENSATION & FRINGE BENEFITS SCHEDULE J, PART II & FORM 990, PART VII, LINE 1A The compensation and fringe benefits listed for James E. Menger and Rosemary H. Klena are attributable to their status as full-time employees of The Musical Arts Association. A County of Cuyahoga Ohio 346000817 232263ce1 2004-01-02 28150000 See Sch K, Part VI false false false A 0 0 28181772 0 0 0 325105 889523 0 0 26967144 0 2004 true false true true A false false false false 0 0.03100 0.03100 false false false true A false false true false true false 0 false 0 false true A true Schedule K, Part I, Column (F)-Description of Purpose for Tax-Exempt Bonds 0 SCHEDULE K, PART I, COLUMN (F) - DESCRIPTION OF PURPOSE FOR TAX-EXEMPT BONDS PROCEEDS FROM THE COUNTY OF CUYAHOGA, OHIO ECONOMIC DEVELOPMENT REVENUE JAMES E MENGER CFO EMPLOYMENT X 75000 75000 false true true 75000 The Plain Dealer See Part V 141918 Advertising Services false KeyCorp See Part V 356467 Banking, Investment Mgmt, CC false wclv SEE PART V 111220 RADIO AND BROADCAST SERVICES false Business Transactions Involving Interested Persons Schedule L, Part IV (a) Name of Interested Person: The Plain Dealer (b) Relationship: Terrance C.Z. Egger, President/Publisher of The Plain Dealer & Resident Trustee of MAA (c) Amount: 141,918 (d) Description: Advertising Services (e) Sharing of Organization's Revenues: No (a) Name of Interested Person: KeyCorp (b) Relationship: Beth E. Mooney, Chairman and Chief Executive Officer of KeyCorp & Treasurer of MAA (c) Amount: 356,467 (d) Description: Banking, Investment Management, Credit Card Processing Services (e) Sharing of Organization's Revenues: No (a) Name of Interested Person: WCLV (b) Relationship: ROBERT D. CONRAD, PRESIDENT OF WCLV AND RESIDENT TRUSTEE OF MAA (c) Amount: 111,220 (d) Description: Radio and Broadcast Services (e) Sharing of Organization's Revenues: No PURPOSE OF Loans to/FROM INTERESTED PERSONS SCHEDULE L, PART II RETENTION FOR MULTI-YEAR PERIOD. X 38 1415443 cost/selling price false true false Description of Program Service Activity #1 Form 990, Part III, Line 4a Led by music director Franz Welser-Most, the 2012-13 season built on a long-running commitment to diversity in programming in order to reach and inspire an even greater number of music enthusiasts. Repertoire showcased the large-scale, expansive works of Berlioz, Dvorak, Mahler, Shostakovich, and Tchaikovsky. Offering a twist on traditional orchestra music, Celebrity Series featured jazz legend Al Jarreau, a holiday performance by Pink Martini with an international flair, vocalist Patti Austin paying homage to Ella Fitzgerald and Duke Ellington, and the Orchestra performing alongside Charlie Chaplin's Modern Times. Through an ongoing commitment to support the advancement of contemporary classical music, the Orchestra premiered new works by composers Matthias Pintscher and Sean Shepherd. DESCRIPTION OF PROGRAM SERVICE ACTIVITY #2 FORM 990, PART III, LINE 4B The 2012 Blossom Music Festival featured 16 concerts from July 3 through September 2, 2012. Traditional classical programs included Grammy-winning Emmanuel Ax performing Mozart, Gil Shaham stunning crowds with Beethoven's Fifth, and Yuja Wang performing Tchaikovsky's Piano Concerto No. 1 in B-flat minor. The season included unique collaborations to appeal to wider audiences such as Time for Three, a classically trained garage band; Preservation Hall Jazz Band; And the Beat Goes On!, hits and popular television themes from the 1960s; and an evening of opera's "greatest hits." The number of tickets per concert went up 8% compared to the previous year and 2,804 households attended Blossom for the first time. DESCRIPTION OF PROGRAM SERVICE ACTIVITY #3 FORM 990, PART III, LINE 4C In August and early September 2012, The Cleveland Orchestra and Franz Welser-Mst embarked on a tour of European Festivals, their twelfth international tour together. The tour included performances at the music festivals of Edinburgh, Stuttgart, Grafenegg, and Salzburg. The Orchestra also performed two concerts at the Abbey of St. Florian near Linz, Austria, where they recorded Bruckners Fourth Symphony for DVD release. The Orchestras concert activities away from home also featured a performance at New Yorks Carnegie Hall, and concerts in Chapel Hill, North Carolina, and in Naples and Sarasota, Florida. In January 2013, the Orchestra also participated in its second residency at Indiana Universitys Jacobs School of Music. In addition, the Cleveland Orchestras annual residency in Miami, Florida expanded in its seventh season from three to four weekends of subscription concerts. The 2012-13 season at Miamis Arsht Center for the Performing Arts of Miami-Dade County featured three weekends conducted by Franz Welser-Mst and one with the residencys principal guest conductor, Giancarlo Guerrero. Description of Other Program Services Form 990, Part III, Line 4d The Cleveland Orchestras Education and Community programs served over 63,500 individuals during 2012-13. Education programs included Education Concerts at Severance Hall; the Youth Orchestra and Youth Chorus programs; in-school concerts at area High Schools; in-school teaching partnerships with elementary and pre-schools; master classes and open rehearsals for college students; and concert previews and music study groups for adult learners. Free community concerts included a July 4th concert in downtown Cleveland and a Martin Luther King, Jr. Celebration Concert at Severance Hall. Description of Relationships Form 990, Part VI, Line 2 ALFRED M. RANKIN, JR. AND CLARA T. RANKIN - FAMILY RELATIONSHIP ALFRED M. RANKIN, JR. AND HELEN RANKIN BUTLER - FAMILY RELATIONSHIP CLARA T. RANKIN, AND HELEN RANKIN BUTLER - FAMILY RELATIONSHIP Description of Classes of Members or Stockholders Form 990, Part VI, Line 6 Membership in The Musical Arts Association ("ASSOCIATION") consists of two classes: (1) Voting Members and (2) Sustaining Members. The term "MEMBERS" shall refer only to Voting Members, unless otherwise specifically designated. The Voting Members consist of individuals who from time to time are serving as the Trustees of the ASSOCIATION. Sustaining Members serve annually for a term of one year on the basis of having paid such level of annual financial support to the ASSOCIATION as the Board of Trustees may from time to time prescribe. Sustaining Members shall be entitled to notice of, and to attend, the annual meeting. Description of Classes of Persons and the Nature of Their Rights Form 990, Part VI, Line 7a The Voting Members shall exercise all the rights and privileges and shall have all the responsibilities of MEMBERS under Ohio nonprofit corporate law. Only Voting Members shall be counted as MEMBERS for voting and quorum purposes. Sustaining Members shall not be counted as MEMBERS for voting and quorum purposes. Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights Form 990, Part VI, Line 7b The Board of Trustees shall have general supervision and charge of the property, affairs and finances of the ASSOCIATION. The Board of Trustees may exercise all such powers and do all such things as may be exercised or done by the ASSOCIATION, subject to the provisions of law, the articles of incorporation and the code of regulations. Without limiting the generality of the foregoing, the Board of Trustees shall have the following powers: (A) To purchase or otherwise acquire for the ASSOCIATION any property, rights, or privileges that the ASSOCIATION is authorized to acquire, at such prices, on such terms and conditions, and for such consideration as it shall see fit. (B) To appoint, remove, or suspend, such officers, agents, and employees as it shall see fit, either permanently or temporarily; to terminate the duties of such officers, agents, and employees; to change the salaries or emoluments of such officers, agents, and employees. (C) To appoint any person or persons to accept or hold in trust for the ASSOCIATION any property belonging to the ASSOCIATION or in which the ASSOCIATION is interested, or for any other purpose, and to execute and do all such duties and things as may be required in relation to any such trust. (D) To determine who shall be authorized to sign, on the ASSOCIATION's behalf, bills, notes, receipts, acceptances, endorsements, checks, leases, releases, mortgages, contracts, and other documents. (E) To present or cause to be presented to each annual meeting and to any special meeting, when required by any resolution thereof, a full and clear statement of the affairs and conditions of the ASSOCIATION. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Line 11b MAA Finance Department staff prepare a draft Form 990, which is then reviewed by Ernst & Young, LLP who suggest any revisions considered appropriate. The Form 990 is then updated for any agreed upon revisions. The updated Form 990 is circulated to the Audit Committee, with any suggested revisions that werent agreed upon so noted. At the same time, the Musical Arts Association Trustees are notified that the draft Form 990, in public disclosure form, is available for their review. Trustees are invited to submit any comments they have on the draft Form 990 to Finance Department staff, who will summarize and distribute them to the Audit Committee. The Audit Committee then meets and reviews and discusses the draft Form 990, INCLUDING THE COMPLETE SCHEDULE OF CONTRIBUTORS (SCHEDULE B), with Management and Ernst & Young, LLP. Once final, the Form 990, in public disclosure form, is made available to Musical Arts Association Trustees, and then it is filed with the Internal Revenue Service. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Line 12c Voting members, trustees and committee members (collectively "TRUSTEES"), officers, and senior management of The Musical Arts Association (ASSOCIATION) are covered under the conflict of interest policy. Documented procedures are in place for handling potential conflicts of interest (1) when a transaction or arrangement is considered by the Board or a committee and (2) when a transaction or arrangement is considered by an officer or senior manager. Also, procedures are in place for identification of potential conflicts of interest in connection with Musical Arts Association transactions or arrangements that trustees, officers, or senior managers (i.e. parties-in-interest) where the following relationships exist: (1) Parties-in-interest are employed by or have a compensation relationship with the person or entity with which the ASSOCIATION has or is negotiating a transaction or arrangement; (2) Parties-in-interest serve in the capacity of Director, Trustee, Officer, Member, Manager, Committee Member, Partner, or other similar position of influence with a for-profit person or entity with which the ASSOCIATION has or is negotiating a transaction or arrangement; (3) Parties-in-interest have an actual or potential ownership or investment interest in a person or entity with which the ASSOCIATION has or is negotiating a transaction or arrangement. Parties-in-interest are required to submit to the ASSOCIATION an annual statement acknowledging receipt and review of the conflict of interest policy and disclosure of potential conflicts of interest. When a Trustee, Officer, or Senior is participating in the consideration of a transaction or other arrangement of the ASSOCIATION by the Board of Trustees or a Board committee, and a potential conflict of interest exists, with respect to such transaction or other arrangement, the Trustee, Officer or Senior Manager: (1) shall disclose to the Trustees or Committee thereof considering the transaction or other arrangement his or her potential conflict of interest; (2) shall present any relevant information of the Trustees or Committee thereof and answer any questions posed by them; and (3) shall excuse himself or herself from the meeting for the discussion and vote by the disinterested trustees or committee members on the transaction or arrangement and all matters related thereto. When an Officer or a Senior Manager is handling a transaction or other arrangement of the ASSOCIATION that will not be placed before the Board or a Board committee, and the Officer or Senior Manager has a potential conflict of interest, the Officer or Senior Manager: (1) shall disclose the potential conflict of interest to the ASSOCIATION's Executive Director, in the case of a Senior Manager, or to the Executive Committee, in the case of an Officer; (2) shall present any relevant information to, and answer any questions posed by, the Executive Director or the Executive Committee; (3) shall not authorize or approve such transaction or other arrangement, and the authorization or approval shall be undertaken by the Executive Director or the Executive Committee. When the Senior Manager with the potential conflict is the Executive Director, the foregoing procedures shall be followed except that the ASSOCIATION's President shall assume the oversight, authorization, and approval of the transaction or arrangement. Offices & Positions for Which Process was Used, & Year Process was Begun Form 990, Part VI, Line 15a The compensation subcommittee functions as a subcommittee of the personnel committee and shall evaluate annually and recommend periodically the compensation of the ASSOCIATION's Executive Director and Music Director. Responsibilities include evaluating the Executive Director's and Music Director's performance annually, recommend the annual goals and objectives for the Executive Director, set the Executive Director's and Music Director's compensation and any bonus, relying upon appropriate data as to comparability (including compensation levels paid by similarly situated organizations for functionally comparable positions) prior to making its compensation determination. This process was last undertaken in 2013. Offices & Positions for Which Process was Used, & Year Process was Begun Form 990, Part VI, Line 15b The compensation subcommittee reviews the overall compensation program for the Senior Management of the ASSOCIATION established and recommended by the Executive Director. Compensation and any bonuses are set relying upon appropriate data based on comparability (including compensation levels paid by similarly situated organizations for functionally comparable positions). This process was last undertaken in 2013. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Line 19 The ASSOCIATION's audited financial statements are made public upon request to grant-making institutions as part of the grant application request process. Additionally, summary financial information is included in the annual report. The Musical Arts Association's articles of incorporation are on file with the Secretary of State in Ohio. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Defined Benefit Pension Plan Liability adjustment $3,622,482 Partnership Revenue ($4,511) Net Asset adjustment for change in status of former supporting organization $2,360,285 ----------- TOTAL $5,978,256 THE MUSICAL ARTS ASSOCIATION OF MIAMI 1444 BISCAYNE BLVD MIAMI FL 331321423 205196415 PROVIDE SUPPT FL 501(C)(3) 11A NA true false false true false false false false false false false false false false false false false false false MUSICAL ARTS ASSOCIATION OF MIAMI INC C 2851177 ACCRUAL