2013-05-09T14:03:00-05:00 2012-06-30 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2011-07-01 340714468 The Musical Arts Association % JAMES E MENGER MUSI 2162317300 11001 Euclid Avenue Cleveland OH 44106 James E Menger 2013-05-09 3128792000 2011 2016-02-25 16:41:14Z The Cleveland Orchestra GARY HANSON 11001 EUCLID AVENUE CLEVELAND OH 44106 61842269 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. 80 77 595 1348 306 0 34099383 28447837 16533206 16429914 6163437 7952289 328081 393511 57124107 53223551 0 0 0 0 30998205 32985841 659913 502835 3388012 18486604 17809851 50144722 51298527 6979385 1925024 222814558 223845834 60713973 72652458 162100585 151193376 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 19614902 0 6328702 SEVERANCE HALL SEASON (SEE SCHEDULE O) 7506656 0 1935193 BLOSSOM FESTIVAL (SEE SCHEDULE O) 12158271 0 5658856 TOURS AND RESIDENCIES (SEE SCHEDULE O) 4022594 0 2375846 43302423 true true false true false false false false false true true true false false false false true false false false true false false true true false false false false true true false false false false false false false false false true true false false false false true true true false false true 223 0 true 595 true true true true AU false false false true true false false false false X 80 77 true false false false true true true true true false false false true true true false true true true false OH X JAMES E MENGER 2162317300 11001 EUCLID AVENUE CLEVELAND OH 44106 X Dennis W LaBarre 13.0 X X 0 0 0 Richard J Bogomolny 13.0 X X 0 0 0 The Honorable John D Ong 3.0 X X 0 0 0 Norma Lerner 3.0 X X 0 0 0 Raymond T Sawyer 3.0 X X 0 0 0 Beth E Mooney 3.0 X X 0 0 0 Gay Cull Addicott 1.0 X 0 0 0 George N Aronoff 1.0 X 0 0 0 Dr Ronald H Bell 1.0 X 0 0 0 Charles P Bolton 1.0 X 0 0 0 Dr Jeanette G Brown 1.0 X 0 0 0 Helen Rankin Butler 1.0 X 0 0 0 Scott Chaikin 1.0 X 0 0 0 Paul G Clark 1.0 X 0 0 0 Owen M Colligan 1.0 X 0 0 0 Robert D Conrad 1.0 X 0 0 0 Matthew V Crawford 1.0 X 0 0 0 Alexander M Cutler 1.0 X 0 0 0 Bruce P Dyer 1.0 X 0 0 0 Terrance CZ Egger 1.0 X 0 0 0 Dr Hiroyuki Fujita 1.0 X 0 0 0 Paul G Greig 1.0 X 0 0 0 Robert K Gudbranson 1.0 X 0 0 0 Iris Harvie 1.0 X 0 0 0 Jeffrey A Healy 1.0 X 0 0 0 Stephen H Hoffman 1.0 X 0 0 0 David Hooker 1.0 X 0 0 0 Michael J Horvitz 1.0 X 0 0 0 Marguerite B Humphrey 1.0 X 0 0 0 David P Hunt 1.0 X 0 0 0 Christopher Hyland 1.0 X 0 0 0 James D Ireland III 1.0 X 0 0 0 Clifford J Isroff 1.0 X 0 0 0 Trevor Jones 1.0 X 0 0 0 Betsy Juliano 1.0 X 0 0 0 Jean C Kalberer 1.0 X 0 0 0 Nancy F Keithley 1.0 X 0 0 0 Douglas A Kern 1.0 X 0 0 0 John D Koch Jr 1.0 X 0 0 0 S Lee Kohrman 1.0 X 0 0 0 Charlotte R Kramer 1.0 X 0 0 0 Virginia M Lindseth 1.0 X 0 0 0 Alex Machaskee 1.0 X 0 0 0 Robert P Madison 1.0 X 0 0 0 Nancy W McCann 1.0 X 0 0 0 Thomas F McKee 1.0 X 0 0 0 Samuel H Miller 1.0 X 0 0 0 John C Morley 1.0 X 0 0 0 Donald W Morrison 1.0 X 0 0 0 Margaret Fulton Mueller 1.0 X 0 0 0 Gary Oatey 1.0 X 0 0 0 Katherine T O'Neill 1.0 X 0 0 0 Larry Pollock 1.0 X 0 0 0 Alfred M Rankin Jr 1.0 X 0 0 0 Clara T Rankin 1.0 X 0 0 0 Audrey Gilbert Ratner 1.0 X 0 0 0 Charles A Ratner 1.0 X 0 0 0 James S Reid Jr 1.0 X 0 0 0 Barbara S Robinson 1.0 X 0 0 0 Paul A Rose 1.0 X 0 0 0 Steven M Ross 1.0 X 0 0 0 Luci Schey 1.0 X 0 0 0 Neil Sethi 1.0 X 0 0 0 Hewitt B Shaw Jr 1.0 X 0 0 0 David L Simon 1.0 X 0 0 0 Richard K Smucker 1.0 X 0 0 0 R Thomas Stanton 1.0 X 0 0 0 Thomas A Waltermire 1.0 X 0 0 0 Geraldine B Warner 1.0 X 0 0 0 Paul E Westlake Jr 1.0 X 0 0 0 David A Wolfort 1.0 X 0 0 0 Virginia Nord Barbato 1.0 X 0 0 0 Wolfgang C Berndt 1.0 X 0 0 0 Laurel Blossom 1.0 X 0 0 0 Richard Gridley 1.0 X 0 0 0 George Gund III 1.0 X 0 0 0 Loren W Hershey 1.0 X 0 0 0 Mrs Gilbert W Humphrey 1.0 X 0 0 0 Herbert Kloiber 1.0 X 0 0 0 Ludwig Scharinger 1.0 X 0 0 0 Carolyn Dessin 1.0 X 0 0 0 Beth Schreibman Gehring 1.0 X 0 0 0 Fay A Heston 1.0 X 0 0 0 Phyllis Knauf 1.0 X 0 0 0 Ruth Ann Krutz 1.0 X 0 0 0 Dr Lester A Lefton 1.0 X 0 0 0 Barbara R Snyder 1.0 X 0 0 0 James E Menger 50.0 X 191851 0 48188 Rosemary H Klena 45.0 X 70438 0 18412 Gary Hanson 60.0 X 454284 0 130214 William Preucil 40.0 X 468856 0 51001 Richard King 40.0 X 245768 0 42909 Franklin Cohen 40.0 X 241081 0 41527 Michael Sachs 40.0 X 237808 0 46064 Joshua Smith 40.0 X 254499 0 32352 2164585 0 410667 121 false true false Franz Welser-Most 11001 Euclid Avenue Cleveland OH 44106 Music Director 1181241 Artsmarketing Services Inc 260 EAST KING STREET TORONTO ONTARIO M5A 4L5 CA Telefunding/Telemktg 435624 Opus 3 Artists Park Ave South 9th Floor New York NY 10016 Artistic Perf. Fees 305120 Genovese Vanderhoof Associates 77 CARLTON STREET SUITE 1103 TORONTO ONTARIO M5B 2J7 CA Fundraising Consult. 301226 Consolidated Graphics Group East 40th Street Cleveland OH 44103 Marketing & Printing 283681 22 69000 2174643 2271856 23932338 2444110 28447837 Concert Revenue 711130 15555252 15555252 Hall Income 711130 744284 612967 131317 Broadcast / Recording 711130 130378 130378 16429914 2415573 2415573 0 0 8538841 5286220 7846863 441482 691978 4844738 5536716 5536716 485299 69000 205052 280247 280247 0 238279 125321 112958 112958 Glidden House Partners, LTD 721000 305 305 Davidson Kempner Institutional Ptrs LP 721000 1 1 306 53223551 16298597 306 8476811 0 0 0 0 913385 913385 0 24046833 21687345 875106 1484382 3908822 3553899 284035 70888 2630942 2173358 215122 242462 1485859 1271322 105754 108783 924864 809371 67893 47600 119893 119893 73874 73874 47500 47500 502835 502835 579052 579052 3349958 3349958 1440159 1440159 668241 379684 144797 143760 385227 238795 65880 80552 250085 250085 1257198 941166 179948 136084 3300985 3199818 35163 66004 0 64943 16199 33820 14924 194792 159730 19479 15583 0 1930152 1582725 193015 154412 55074 28950 13674 12450 DIRECT CONCERT EXPENSE 1946759 1946759 OTHER ADMINISTRATIVE EXPENSE 590980 283687 307293 CAPITAL ACTIVITIES 357015 357015 MEDIA EXPENSE 66335 66335 206765 206765 51298527 43302423 4608092 3388012 85916 -31257 8975886 16159897 34140365 35915025 796848 818016 0 0 0 0 185650 274145 351525 319668 3295908 3414290 72854567 30960974 43740783 41893593 93788789 90444568 37452888 34637889 0 0 0 0 0 0 222814558 223845834 27745846 39729751 0 0 4818127 4772707 28150000 28150000 0 0 0 0 0 0 0 0 0 0 60713973 72652458 X 23842870 7121639 21967206 24806083 116290509 119265654 162100585 151193376 222814558 223845834 X 1925024 -12832233 X false true true X false X 19016802 37868783 23468970 34099383 28447837 142901775 19016802 37868783 23468970 34099383 28447837 142901775 26870964 116030811 3268114 2499255 1835928 2101533 2415573 12120403 7268 409 5444 6528 306 19955 155042133 82666688 0.74838 0.71114 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false true 100 false false true 400 false true 47500 48000 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. The Musical Arts Association contracted William P. Blair, III to provide professional expertise to secure funds from the State of Ohio and the federal government with regards to the operations and capital needs of the institution. 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 0.10980 0.84860 0.04160 true false 1613892 1613892 63290093 27076491 36213602 7950184 3884085 4066099 41893593 Absolute return equity fund 22496409 F Hedged equity fund 8521808 F CHARITABLE PERPETUAL TRUSTS 3619672 F 34637889 53223551 51298527 1925024 -2293619 -10538614 -12832233 -10907209 51760813 -2293619 59332 -2234287 53995100 -771549 -771549 53223551 62668022 59332 11310163 11369495 51298527 51298527 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. Other changes in net assets Schedule D, Part XI, Line 8 Pension liability adjustment ($10,538,308) Book/Tax difference partnership interest ($306) Line 8 Total ($10,538,614) Revenue amounts included on Form 990, not on audited financial statements Schedule D, Part XII, Line 4b Reclass Special Event Expense ($205,052) Reclass Cost of Goods Sold ($125,321) Book/Tax Difference Partnership Interest $306 Disposal of Land at Book Value ($441,482) Line 4b Total ($771,549) Expense amounts included on audited financial statements, not on Form 990 Schedule D, Part XIII, Line 2d Reclass Special Event Expense $205,052 Reclass Cost of Goods Sold $125,321 Disposal of Land at Book Value $441,482 Pension Liability Adjustment $10,538,308 Line 2d Total $11,310,163 Europe (including Iceland and Greenland) Fundraising 71290 Europe (including Iceland and Greenland) Program Services Foreign Tour 2046687 2117977 2117977 false 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 260 E King 260 E King Toronto Ontario CA Telefunding false 911871 305647 606224 Genovese Vanderhoof 77 Carlton Tor 77 Carlton Toronto Ontario CA Fundraising Consult Svc false 182983 -182983 911871 488630 423241 FL OH SEV HALL GALA 554299 69000 485299 205052 0 0 0 0 554299 69000 485299 205052 205052 280247 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 ($305,647) based upon the agreed upon revenue rate and reimbursement for campaign materials ($6,670). X X true true X X X X false false false false false false false false false James E Menger 185763 0 0 0 6088 0 30370 0 17818 0 240039 0 0 0 Gary Hanson 447954 0 0 0 6330 0 112870 0 17344 0 584498 0 0 0 William Preucil 468856 0 0 0 0 0 33481 0 17520 0 519857 0 0 0 Richard King 245768 0 0 0 0 0 26307 0 16602 0 288677 0 0 0 Franklin Cohen 241081 0 0 0 0 0 36322 0 5205 0 282608 0 0 0 Michael Sachs 237808 0 0 0 0 0 29894 0 16170 0 283872 0 0 0 Joshua Smith 254499 0 0 0 0 0 26307 0 6045 0 286851 0 0 0 Explanation for Schedule J, Part I, Line 1a Charter travel The Cleveland Orchestra, on occasion, travels via charter flights when necessary to fulfill foreign or domestic tour concert scheduling requirements. Explanation for Schedule J, Part I, Line 1a Travel for companions The Executive Director's spouse occasionally travels with him attending concerts and other tour specific functions at the expense of the Musical Arts Association. Explanation for 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. County of Cuyahoga Ohio 346000817 232263CE1 2004-01-02 28150000 See Sch K, Part VI false false false 0 0 28181772 0 0 0 325105 889523 0 0 0 26967144 2004 true false true true 0 false true false 0 false 0 false true X Schedule K, Part I, Column (F)-Description of Purpose for Tax-Exempt Bonds 0 Proceeds from The County of Cuyahoga, Ohio Economic Development Revenue Refunding Bonds, Series 2003 Issuance were used to redeem The County of Cuyahoga, Ohio Economic Development Revenue Bonds, Series 1998, due April 1, 2028. The proceeds from the Series 1998 issuance funded certain costs associated with the renovation, expansion and restoration of Severance Hall, The Musical Arts Association's concert hall and principal offices. The Plain Dealer See Part V 156721 Advertising Services false KeyCorp See Part V 359244 Banking, Investment Mgmt, CC 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: 156,721 (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: 359,244 (d) Description: Banking, Investment Management, Credit Card Processing Services (e) Sharing of Organization's Revenues: No X 89 2444110 cost/selling price false true false Description of Program Service Activity #1 Form 990, Part III, Line 4a SEVERANCE HALL SEASON - From September 2011 to the beginning of June 2012, the Orchestra performed 96 concerts at Severance Hall. Highlights from the season included Mendelssohn's Symphony in D, Ravel's Bolero, Bruckner's Symphony No. 4, Shostakovich's Symphony No. 6, and Stravinsky's Agon. Mr. Welser-Mst conducted R. Strauss' opera "Salome" in Cleveland and at Carnegie Hall, and a festival of Brahms concertos in January and February 2012 featured soloists Yefim Bronfman and Lisa Batiashvili. Mr. Welser-Mst celebrated his 10th year as Music Director of The Cleveland Orchestra. Twenty-nine musicians on the roster for 2011-12, including Principal Chairs for the Cello, Oboe, Trombone, Tuba, Harp, and Percussion, have been appointed during his tenure. Diversification initiatives are a core strategy for the Orchestra's long-term solution for sustainability. The "Under 18s Free" program at the 2011 Blossom Festival drew nearly 15,000 young people to concerts, and the Orchestra partnered with a Smartphone application development company to create a mobile ticketing app for Orchestra concerts. In addition, 885 individuals took advantage of free bus service to Friday matinee concerts from several locations in Cuyahoga and Summit Counties. The continued success of our program-based diversification initiatives supports the organization's belief that alternatives to the standard subscription package are vital to sustaining and growing audiences for classical music. Evidence of this was seen during the 2011-12 season: 246 new households joined the Orchestra for the four concerts in the Fridays@7 series; a total of 8,446 individuals attended the Joffrey Ballet performances in August 2011; and 3,434 individuals attended the two opera performances at Severance Hall in May 2012. The Orchestra remains committed to strategic programming changes to diversify its offerings and be accessible to a broad audience of individuals. Description of Program Service Activity #2 Form 990, Part III, Line 4b BLOSSOM FESTIVAL - The 2011 Blossom Music Festival featured 20 concerts from July 2 through September 10, 2011. Traditional classical programs included Bruckner's Eighth and Ninth Symphonies, Beethoven's Piano Concerto No. 3, and Tchaikovsky's Violin Concerto. The movie "Pirates of the Caribbean" was presented on large screens with live underscore performed by the Blossom Festival Orchestra and Chorus, and Chicago's Joffrey Ballet returned in August for a third year of collaboration. The affordable tickets and family-friendly environment of Blossom Music Center minimizes the barriers most often associated with classical music, allowing the Festival to reach audiences from diverse backgrounds. The 2011 Festival served 112,351 individuals. Description of Program Service Activity #3 Form 990, Part III, Line 4c TOURS AND RESIDENCIES - In late October and early November 2011, Mr. Welser-Mst led The Cleveland Orchestra on their 11th international tour together. The tour included performances in Madrid, Valencia, Paris, Luxembourg City, Cologne, and Linz, as well as a four-concert residency at Vienna's Musicverein. In April 2012, the Orchestra and Franz presented a West Coast Tour, featuring two performances as part of the San Francisco Symphony's centennial celebrations, plus concerts in Costa Mesa, Palm Desert, San Diego, and Las Vegas. In addition, the 6th annual Miami Residency presented three weeks of subscription concerts and included an intensive schedule of education and community engagement programs. Tours and residencies help solidify the Orchestra's status as an international leader while increasing earned and contributed revenue capacity. Description of Other Program Services Form 990, Part III, Line 4d The Cleveland Orchestra's Education and Community programs served over 63,500 individuals during 2011-12. 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 9/11 Commemoration 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 corporation 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 The Form 990 was reviewed by The Musical Arts Association's audit committee with The Musical Arts Association management and Ernst & Young, LLP present. Subsequently, prior to filing, the Form 990 was made available to all Musical Arts Association Trustees for review. The audit committee will formally report at the next regularly scheduled meeting of the Board of Trustees. 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 2012. 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 2012. 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 or fund balances Form 990, Part XI, Line 5 Unrealized Loss on Investments ($2,293,619) Pension Liability Adjustment ($10,538,308) Book/Tax Difference Partnership Interest ($306) Line 5 Total ($12,832,233) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:James E. Menger TITLE:Assistant Treasurer/CFO HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Gary Hanson TITLE:Executive Director HOURS:3 The Musical Arts Association of Miami 1444 Biscayne Blvd Suite 302 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 The Musical Arts Association of Miami Inc c 2174643 Accrual