2013-05-02T07:00:07-05:00 2012-07-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2011-08-01 620550979 NASHVILLE SYMPHONY ASSOCIATION NASH 6156876515 1 Symphony Place Nashville TN 37201 MICHAEL R KIRBY 2013-03-11 true rachel spurlock P00520729 6153605500 2011 2016-02-25 16:41:14Z THE NASHVILLE SYMPHONY ALAN VALENTINE 1 Symphony Place Nashville TN 37201 40840265 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. 81 79 532 252 -160492 -160492 14702020 10598243 5947595 7934210 6443756 2224138 18764400 808617 45857771 21565208 7500 7500 0 0 12721214 13391393 393939 283750 1239234 20062521 19618967 33185174 33301610 12672597 -11736402 209803881 181289803 116778686 109238949 93025195 72050854 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 27406717 8079853 THE NASHVILLE SYMPHONY'S COMMITMENT TO THE HIGHEST ARTISTIC QUALITY AND TO PERFORMING A BROAD RANGE OF MUSICAL OFFERINGS HAS HELPED TO ESTABLISH THE ORCHESTRA AS ONE OF THE STATE OF TENNESSEE'S PREEMINENT CULTURAL INSTITUTIONS. THE NASHVILLE SYMPHONY PERFORMED MORE THAN 140 CONCERTS DURING FISCAL YEAR 2012, SELLING A TOTAL OF MORE THAN 126,000 TICKETS. CONTINUED IN SCHEDULE O. 1681611 7500 318445 COMMUNITY SERVICE IS AT THE HEART OF THE NASHVILLE SYMPHONY'S MISSION, AND IN FISCAL YEAR 2012. THE ORCHESTRA REACHED MORE THAN 250,000 PEOPLE THROUGH ITS FREE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. CONTINUED IN SCHEDULE O. 29088328 true true false false false false false false true true false false false true false true false false false true false false true true false false false true true true false false false false false false false false false true true false false false false true true false false false true 173 0 true 532 true true true false false false false true true false false false false X 81 79 false false true false false false false true true false false true true true true true true true true false X Michael R Kirby 6156876515 1 Symphony Place Nashville TN 37201 DAVID WILLIAMS II 1.00 X X 0 0 0 JAMES C GOOCH 1.00 X X 0 0 0 JOHN T ROCHFORD 1.00 X X 0 0 0 JULIE G BOEHM 1.00 X X 0 0 0 AMY GRANT 1.00 X 0 0 0 AMY RICHARDSON 1.00 X 0 0 0 ANASTASIA BROWN 1.00 X 0 0 0 ANN CARELL 1.00 X 0 0 0 ANNE L RUSSELL 1.00 X 0 0 0 BEN L CUNDIFF 1.00 X 0 0 0 BENJAMIN FOLDS 1.00 X 0 0 0 BETSY WILLS 1.00 X 0 0 0 BEVERLY K SMALL 1.00 X 0 0 0 BILLY RAY HEARN 1.00 X 0 0 0 BRETT SWEET 1.00 X 0 0 0 BRUCE D SULLIVAN 1.00 X 0 0 0 C KEITH HERRON 1.00 X 0 0 0 CARL GRIMSTAD 1.00 X 0 0 0 CARL HALEY JR 1.00 X 0 0 0 CAROL DANIELS 1.00 X 0 0 0 CHARLES PRUETT 1.00 X 0 0 0 CLARE YANG 1.00 X 0 0 0 CLAY JACKSON 1.00 X 0 0 0 DAVID STEELE EWING 1.00 X 0 0 0 DR DAVID L BLACK 1.00 X 0 0 0 DR JESSE B REGISTER 1.00 X 0 0 0 EDUARDO MINARDI 1.00 X 0 0 0 EDWARD GOODRICH 1.00 X 0 0 0 ELLEN HARRISON MARTIN 1.00 X 0 0 0 ELLIOTT WARNER JONES SR 1.00 X 0 0 0 FRANCIS GUESS 1.00 X 0 0 0 GREGG MORTON 1.00 X 0 0 0 JACK O BOVENDER JR 1.00 X 0 0 0 JAMES BRYAN BOLES 1.00 X 0 0 0 JAMES C SEABURY III 1.00 X 0 0 0 JAMES L BECKNER 1.00 X 0 0 0 JAMES ZIMMERMANN 1.00 X 0 0 0 JANET AYERS 1.00 X 0 0 0 JAY TURNER 1.00 X 0 0 0 JEFFERY WALRAVEN 1.00 X 0 0 0 JENNIFER H PURYEAR 1.00 X 0 0 0 JEREMY WILLIAMS 1.00 X 0 0 0 JOHN FERGUSON 1.00 X 0 0 0 JOHN GAWALUCK 1.00 X 0 0 0 JOHNNA WATSON 1.00 X 0 0 0 JOSEPH PRESLEY 1.00 X 0 0 0 JULIAN B BAKER JR 1.00 X 0 0 0 KEVIN P LAVENDER 1.00 X 0 0 0 KRISTI SEEHAFER 1.00 X 0 0 0 LARRY LARKIN 1.00 X 0 0 0 LEE A BEAMAN 1.00 X 0 0 0 LEE ANN INGRAM 1.00 X 0 0 0 LISA C COOPER 1.00 X 0 0 0 LOUIS B TODD 1.00 X 0 0 0 MARK WAIT 1.00 X 0 0 0 MARTHA R INGRAM 1.00 X 0 0 0 MARY HELEN LAW 1.00 X 0 0 0 MICHAEL H SCHATZLEIN MD 1.00 X 0 0 0 MICHAEL SAMIS 1.00 X 0 0 0 NELSON SHEILDS 1.00 X 0 0 0 NORMA ROGERS 1.00 X 0 0 0 PETER NEFF 1.00 X 0 0 0 REBECCA COLE 1.00 X 0 0 0 RENATA SOTO 1.00 X 0 0 0 ROB BIRONAS 1.00 X 0 0 0 ROBERT A MCCABE JR 1.00 X 0 0 0 ROBERT DENNIS 1.00 X 0 0 0 ROBERT E MCNEILLY III 1.00 X 0 0 0 ROBERT EZRIN 1.00 X 0 0 0 RUSSELL W BATES 1.00 X 0 0 0 RUTH E JOHNSON 1.00 X 0 0 0 SADHNA WILLIAMS 1.00 X 0 0 0 SCOTT BECKER 1.00 X 0 0 0 SHIRLEY ZEITLIN 1.00 X 0 0 0 STEVE TURNER 1.00 X 0 0 0 SUSANNAH C CULBERTSON 1.00 X 0 0 0 TED HOUSTON WELCH 1.00 X 0 0 0 VAN TUCKER 1.00 X 0 0 0 VICTORIA PAO 1.00 X 0 0 0 WAYNE J RILEY MD 1.00 X 0 0 0 WILIIAM M WILSON 1.00 X 0 0 0 WILLIAM H BRADDY III CFP 1.00 X 0 0 0 WILLIAM WIGGINS 1.00 X 0 0 0 ZACHARY LIFF 1.00 X 0 0 0 ALAN D 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0.00000 false true true 4824167 4824167 127453105 36625472 90827633 0 8683777 3791337 4892440 1194855 1194855 101739095 0 FAIR VALUE OF DERIVATIVE INSTRUMENT 19393797 19393797 Intended uses of endowment funds Schedule D, Part V, Line 4 THE INVESTMENT FUNDS ARE USED FOR MISSION RELATED ACTIVITIES. OF THE $9,187,198 OF ENDOWMENT FUNDS, $550,186, OR APPROXIMATELY 5.99% OF THE FUNDS, ARE PERMANENTLY RESTRICTED FUNDS. THE REMAINING FUNDS ARE UNRESTRICTED, BOARD DESIGNATED FUNDS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS INVESTMENTS- ESTABLISHED SEPTEMBER 30, 2008 4750000 4750000 true false true true 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 X X X X X X X true COMMUNITY COUNSELING SERVICES CO LLC 155 N WACKER DRIVE SUITE 1790 CHICAGO IL 60606 FUNDRAISING false 2437000 283750 2153250 2437000 283750 2153250 TN SYMPHONY BALL 588876 275307 313569 38313 FASHION SHOW 277246 89271 187975 19718 1 14000 14000 0 880122 378578 501544 0 0 0 0 0 58031 58031 443513 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 $283,750. true THOR JOHNSON SCHOLARSHIP 12 7500 0 N/A N/A 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. false X X X false false false false false false false false false MARK A BLAKEMAN 159728 0 0 0 5400 0 10980 0 3988 0 180096 0 0 0 MICHAEL KIRBY 138218 0 0 0 0 0 9000 0 3988 0 151206 0 0 0 ALAN D VALENTINE 375320 0 0 0 6600 0 14700 0 3988 0 400608 0 0 0 GIANCARLO GUERERRO 471458 0 0 0 0 0 14700 0 3988 0 490146 0 0 0 ANDREA K DILLENBURG 143954 0 0 0 0 0 9000 0 3988 0 156942 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. INDUSTRIAL DEVELOPMENT BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AN D DAVIDSON COUNTY TENNESSEE 621486674 5920653KO 2004-01-08 102000000 SEE SCHEDULE O false false false 16660000 0 104242331 0 8135137 0 1180869 789499 0 77633197 16503629 0 2006 true false true true false false false true true 0.0000 0.0000 0.0000 true false true false false false true X DESCRIPTION OF PURPOSE OF BONDS PART I, COLUMN (F) THE PURPOSE OF THE BONDS IS FOR: I) FINANCING THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A SYMPHONY HALL IN NASHVILLE, DAVIDSON COUNTY, TENNESSEE, II) REFUNDING THE ISSUER'S $16,500,000 VARIABLE RATE REVENUE BONDS, SERIES A, III) ACQUIRING PROPERTY TO BE USED AS A SURFACE PARKING LOT TO SERVICE THE PROJECT; IV) PAYING CAPITALIZED INTEREST ON THE BONDS, AND V) PAYING A PORTION OF THE COSTS OF ISSUANCE FOR THE BONDS. TOTAL PROCEEDS OF ISSUE PART II, LINE 3 SCHEDULE K, PART II, LINE 3 DOES NOT EQUAL PART I, LINE A, COLUMN (E) DUE TO INTEREST EARNINGS. PINNACLE GROUP INSURANCE JOHNNA WATSON, DIRECTOR, IS PRESIDENT/CEO OF PINNACLE GROUP INSURANCE 982379 INSURANCE false PINNACLE FINANCIAL PARTNERS ROB MCCABE, DIRECTOR, IS A BOARD MEMBER OF PINNACLE FINANCIAL PARTNERS 177174 LETTER OF CREDIT FEES false X INSTRUMENTS 25465 25465 MARKET VALUE 0 false false false Number of contributions or items contributed. Schedule M, part I, column (b), Line other=INSTRUMENTS 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. PROGRAM SERVICE DESCRIPTION FORM 990, PART III, LINE 4A THE ORCHESTRA'S CONCERT SEASON WAS HIGHLIGHTED BY A TRIP TO NEW YORK CITY TO PERFORM AT THE SPRING FOR MUSIC FESTIVAL AT CARNEGIE HALL IN MAY 2012. THE NASHVILLE SYMPHONY IS FIRMLY GROUNDED IN THE CLASSICAL REPERTOIRE, AND EVERY YEAR IT PERFORMS SOME OF THE BEST-LOVED WORKS IN THE HISTORY OF WESTERN MUSIC IN ITS SUNTRUST CLASSICAL SERIES, WHICH CONSISTS OF 14 THREE-NIGHT PRESENTATIONS. PROGRAMMING HIGHLIGHTS FROM FY 2012 INCLUDED RACHMINANOFF'S RHAPSODY ON A THEME OF PAGANINI, BRAHMS'S FIRST SYMPHONY, MAHLER'S FOURTH SYMPHONY, BEETHOVEN'S SECOND PIANO CONCERTO AND TCHAIKOVSKY'S VIOLIN CONCERTO. THE NASHVILLE SYMPHONY IS COMMITTED TO PROMOTING AMERICAN MUSIC AND TO KEEPING CLASSICAL MUSIC VITAL FOR THE 21ST CENTURY, AND IT HAS DEVELOPED A NATIONAL REPUTATION FOR PERFORMING AND COMMISSIONING NEW WORKS BY SOME OF TODAY'S MOST IMPORTANT COMPOSERS. THE ORCHESTRA COMMISSIONED MINIMALIST PIONEER TERRY RILEY'S CONCERTO FOR ELECTRIC VIOLIN, PREMIERING THE WORK IN NASHVILLE IN MAY 2012, A WEEK BEFORE TAKING IT ON THE ROAD TO CARNEGIE HALL. SINCE 2000, THE NASHVILLE SYMPHONY HAS RELEASED 20 RECORDINGS, MANY OF THEM FEATURING THE WORK OF CONTEMPORARY AMERICAN COMPOSERS. IN FEBRUARY 2012, THE ORCHESTRA'S RECORDING OF MUSIC BY PULITZER PRIZE-WINNING COMPOSER JOSEPH SCHWANTNER EARNED A GRAMMY AWARD FOR BEST CLASSICAL INSTRUMENTAL SOLO. MOST OF THE ORCHESTRA'S SUBSCRIPTION CLASSICAL CONCERTS FEATURE WORLD-CLASS GUEST PERFORMERS. RECENT SEASONS HAVE INCLUDED VISITS FROM CELLIST YO-YO MA, PIANIST EMANUEL AX AND GROUND-BREAKING BANJOIST BELA FLECK, WHO PREMIERED HIS CONCERTO FOR BANJO WITH THE ORCHESTRA IN SEPTEMBER 2011. IN ADDITION, THE ORCHESTRA REGULARLY FEATURES THE NEWEST GENERATION OF CLASSICAL SOLOISTS, INCLUDING VIOLINISTS AUGUSTIN HADELICH AND TIANWA YANG. ALONG WITH ITS CLASSICAL OFFERINGS, THE NASHVILLE SYMPHONY PERFORMS EIGHT THREE-NIGHT PRESENTATIONS IN ITS BANK OF AMERICA POPS SERIES. THIS SUBSCRIPTION SERIES FEATURES A VARIETY OF POPULAR STYLES, REPRESENTED BY SUCH PERFORMERS AS WYNONNA JUDD, CHRISTOPHER CROSS AND TRUMPETER CHRIS BOTTI. A FOUR-CONCERT FAMILY SERIES, THE ANN & MONROE CARELL FAMILY TRUST PIED PIPER 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 SAXOPHONISTS SONNY ROLLINS AND BRANFORD MARSALIS, VOCALIST DIANA KRALL, BASSIST ESPERANZA SPALDING AND GUITARIST LARRY CARLTON. OTHER PRESENTATION HIGHLIGHTS HAVE INCLUDED PIANIST BRUCE HORNSBY, GIPSY KINGS, LYLE LOVETT & JOHN HIATT, COMEDIAN LILY TOMLIN AND THE GIPSY KINGS. 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, TOUCHING MORE THAN 370,000 PEOPLE IN FISCAL YEAR 2012. THROUGH ALL OF ITS VARIOUS ACTIVITIES, IT HAS GREATLY ENRICHED CULTURAL LIFE FOR AUDIENCES OF ALL AGES AND BACKGROUNDS. PROGRAM SERVICE DESCRIPTION FORM 990, PART III, LINE 4B THE NASHVILLE SYMPHONY REACHES SCHOOL CHILDREN ACROSS THE MIDDLE TENNESSEE REGION THROUGH SUCH PROGRAMS AS THE GAYLORD ENTERTAINMENT FOUNDATION 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 REGIONS COMMUNITY CONCERTS SERIES BRINGS THE ORCHESTRA TO PUBLIC PARKS ACROSS THE CITY AND THE MID-STATE REGION, CULMINATING IN A FOURTH OF JULY CELEBRATION IN DOWNTOWN NASHVILLE THAT ANNUALLY ATTRACTS TENS OF THOUSANDS OF PEOPLE. 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 REGIONS 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. 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. 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 AUDIT COMMITTEE REVIEWED A DRAFT OF THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES). THIS REVIEW INCLUDED A BOARD PRESENTATION BY THE ORGANIZATION'S TAX PREPARER TO HIGHLIGHT THE SIGNIFICANT AREAS ON THE REDESIGNED FORM 990 AND 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 ANNUALLY, 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 THE PRESIDENT/CEO, OFFICERS, AND OTHER KEY EMPLOYEES. THE COMPENSATION COMMITTEE REVIEWS THIS COMPENSATION DATA, AND CONSIDERS ORGANIZATIONAL SUCCESS IN RELATION TO THE BUDGET, THE STRATEGIC PLAN, AND ANY AGREED-UPON CONTRACT TERMS FOR THE PRESIDENT/CEO. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION FOR THE PRESIDENT/CEO, OFFICERS AND KEY EMPLOYEES ARE RECORDED IN THE MINUTES OF THE MEETING IN WHICH SUCH DISCUSSIONS TAKE PLACE. THIS PROCESS WAS LAST UNDER TAKEN IN FY 2012. 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, GENERAL MANAGER, VP OF EXTERNAL AFFAIRS, CFO, VP OF EDUCATION, VP OF HUMAN RESOURCES, VP OF ARTISTIC ADMINISTRATION. THIS PROCESS WAS LAST UNDER TAKEN IN FY 2012. 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. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -2105066; CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS - -6255448; UNCOLLECTIBLE PLEDGES RECEIVABLE - -877425; NASHVILLE SYMPHONY ENDOWMENT TRUST 231 S LASALLE ST IL1-231-10-05 CHICAGO IL 60697 626222276 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