2013-02-14T16:34:37-06:00 2012-06-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 80111 990 2011-07-01 840511458 COLORADO SYMPHONY ASSOCIATION COLO 3033082480 1000 14TH STREET NO 15 DENVER CO 802022333 EVAN LASKY 3033082480 2013-02-14 1 KIM HUNWARDSEN CPA P00484560 3037705700 2011 2016-03-07 17:11:31Z EVAN LASKY 1000 14TH STREET NO 15 DENVER CO 802022333 12031222 0 X WWW.COLORADOSYMPHONY.ORG X 1989 CO PERFORMANCE OF SYMPHONIC CONCERTS. 28 16 351 598 0 0 6129128 5399956 5941108 6382758 1293 220 119273 -501 12190802 11782433 0 0 0 0 7658127 6756103 113298 53385 488656 4646520 5761014 12417945 12570502 -227143 -788069 16777676 14994220 3303620 2057453 13474056 12936767 X THE COLORADO SYMPHONY ASSOCIATION (CSA) IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO FUND AND OPERATE THE COLORADO SYMPHONY ORCHESTRA FOR THE ENJOYMENT AND BENEFIT OF THE CITIZENS OF METROPOLITAN DENVER, AND THE GREATER COLORADO AND ROCKY MOUNTAIN REGIONS. THE COLORADO SYMPHONY ORCHESTRA PERFORMS MORE THAN 100 CLASSICAL, POPS, AND FAMILY CONCERTS EACH YEAR, SHOWCASING MANY OF THE WORLDS FINEST MUSICIANS, CONDUCTORS, AND ENTERTAINERS. 0 0 8713931 6382758 THE COLORADO SYMPHONY ASSOCIATION PERFORMS SYMPHONIC CONCERTS BENEFITING OVER 250,000 PATRONS FROM THE DENVER AND TRI-STATE AREAS WHILE PROVIDING A PERFORMANCE PLATFORM TO WORLD-CLASS MUSICIANS. 8713931 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 8 0 1 351 1 0 0 0 0 0 1 1 0 0 X 28 16 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X NORMA THEISEN 3032925566 1000 14TH STREET 15 DENVER CO 802022333 X JAMES W PALERMO 50.00 X X 150692 0 15074 GENE SOBCZAK 50.00 X X 0 0 0 JERRY-KERN 1.00 X X 0 0 0 MARY ROSSICK-KERN 1.00 X X 0 0 0 SUSAN BOWLES 40.00 X X 26805 0 19136 FRANK DELMONTE 50.00 X X 110266 0 28923 YUMI HWANG-WILLIAMS 40.00 X 78557 0 8044 FRITZ FOSS 40.00 X 36986 0 7750 MATTHEW SWITZER 40.00 X 42610 0 9954 BASIL VENDREYES 40.00 X 48829 0 19899 MARGARET HOEPPNER 40.00 X 39232 0 10622 KAREN KINZIE 40.00 X 42746 0 8904 MIKE THORNTON 40.00 X 58788 0 2584 CHAD COGNATA 40.00 X 51357 0 7980 CHAD MCKEEHAN 1.00 X 0 0 0 DR PAULA P BERNSTEIN 1.00 X 0 0 0 YOUNG S CHO 1.00 X 0 0 0 W GERALD RAINER MD 1.00 X 0 0 0 BILL SCHUMACHER 1.00 X 0 0 0 JOHN T WRIGHT 1.00 X 0 0 0 SUEANN R AMBROM 1.00 X 0 0 0 ERNA BUTLER 1.00 X 0 0 0 JIM COPEHAVER 1.00 X 0 0 0 WALTER F DEHAVEN JR 1.00 X 0 0 0 DR MICHAEL G GUNDZIK 1.00 X 0 0 0 JULIE RUBSAM 1.00 X 0 0 0 TERRY BIDINGER 1.00 X 0 0 0 MAUREEN SOLOMON 1.00 X 0 0 0 MARGARET WILLIAMS 40.00 X 121776 0 10188 808644 0 149058 3 0 1 0 DENVER NEWSPAPER AGENCY 5990 WASHINGTON STREET DENVER CO 80216 ADVERTISING SERVICES 503819 1 375520 285000 764129 3975307 376857 5399956 CONCERT PERFORMANCES 711130 6377891 6377891 MERCHANDISE SALES 900099 4867 4867 6382758 220 220 278 278 222493 375520 248789 -26296 -26296 MISCELLANEOUS REVENUE 900099 25517 25517 25517 11782433 6382758 0 -281 875347 561397 239400 74550 4511375 3963992 489860 57523 125632 110899 12392 2341 691078 617897 52058 21123 552671 493190 45641 13840 99189 99189 53385 53385 848379 438103 292648 117628 533449 533449 694147 36919 588234 68994 283881 184711 55498 43672 447283 397683 49600 257169 250744 5361 1064 8080 2440 4631 1009 4235 4235 44108 44108 79987 44861 35126 GUEST CONDUCTOR AND ART 1413137 1413137 BAD DEBT 788773 788773 PRODUCTION EXPENSE 120764 120764 DUES AND SUBSCRIPTIONS 96212 65027 829 30356 42221 12167 26883 3171 12570502 8713931 3367915 488656 691 991 2389865 1770908 1525111 461658 287985 8189 318994 258176 956458 353707 614263 602751 11640767 11891547 16777676 14994220 614610 447464 2689010 1609989 3303620 2057453 X -857790 -786019 2755689 1929125 11576157 11793661 13474056 12936767 16777676 14994220 X -788069 250780 X 0 1 1 X 0 X 10932120 6148084 5421199 6129128 5399956 34030487 10932120 6148084 5421199 6129128 5399956 34030487 3540982 30489505 114568 86085 36610 1293 498 239054 22430 32963 25517 80910 34350451 29199950 0.88760 0.89520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11679245 48678 183046 11544877 10088214 1591031 11679245 9317498 770716 10088214 11861936 -2544438 9317498 1.00000 0 1 1 249376 249736 -360 249823 103971 145852 457259 457259 602751 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 11891547 11891547 11782433 12570502 -788069 250780 250780 -537289 12233745 250780 150503 50029 451312 11782433 0 11782433 12722356 150503 1351 151854 12570502 0 12570502 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANAENT ENDOWMENTS CONSISTS OF FUNDS HELD BY OTHER TAX-EXEMPT ORGANIZATIONS ESTABLISHED TO ADMINISTER THE ENDWOMENT FUNDS PREVIOUSLY HELD BY THE SYMPHONY. THESE ORGANIZATIONS ARE GOVERNED BY SEPARATE BOARDS OF TRUSTEES. SUPPORTING DISTRIBUTIONS (IF APPLICABLE) FROM THE FUNDS ARE PROVIDED TO THE SYMPHONY FOR PROGRAM SERVICES AND OTHER OPERATIONS. PERMANENT ENDOWMENTS ALSO INCLUDE A BENEFICIAL INTEREST IN AN IRREVOCABLE PERPETUAL TRUST ADMINISTERED BY A COMMUNITY FOUNDATION. THE TRUST AGREEMENT REQUIRES DISTRIBUTION OF 50% OF THE NET INCOME OF THE TRUST TO THE SYMPHONY FOR ITS UNRESTRITED USE; HOWEVER THE SYMPHONY WILL NEVER RECEIVE THE ASSTS OF THE TRUST. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT PERFORMS AN ANNUAL ANALYSIS OF THE SYMPHONY'S VARIOUS TAX POSITIONS, ASSESSING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UPON EXAMINATION BY RELEVANT TAX AUTHORITIES. MANAGEMENT BELIEVES THE SYMPHONY HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH, AND HAS PROPERLY MAINTAINED ITS TAX-EXEMPT STATUS, AND HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SYMPHONY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: $50,029 - CONTRIBUTIONS REPORTED ON RELATED ORGANIZATION'S 990 PART XIII, LINE 2D - OTHER ADJUSTMENTS: $1,351 - INVESTMENT EXPENSES REPORTED ON RELATED ORGANIZATION'S 990 X 1 TAYLAR DEVELOPMENT LLC 219 N MILWAUKEE STREET 5TH FLOOR MILWAUKEE WI 53202 TELEPHONE SOLICITATION 0 27849 53385 -25896 27849 53385 -25896 CO SYMPHONY BALL 598013 375520 222493 18420 75742 1800 152827 598013 375520 222493 18420 75742 1800 152827 248789 -26296 X X X X X 0 0 0 0 0 0 0 0 0 JAMES W PALERMO 150692 0 0 0 0 0 6000 0 9444 0 166136 0 0 0 X 6 240210 SELLING PRICE X TRAVEL GIVEAWAYS 2 41500 COST X TICKETS, GIFT CARDS, JEWELRY, ETC 65 69777 COST X VARIOUS SILENT AUCTION GIVEAWAYS 23 25370 COST 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEES SHALL ELECT AN EXECUTIVE COMMITTEE CONSISTING OF NO FEWER THAN TWELVE AND NO MORE THAN TWENTY BOARD TRUSTEES, INCLUDING THE BOARD CHAIR, THE PRESIDENT/CEO, THE MUSIC DIRECTOR AND A MINIMUM OF FOUR MUSICIAN TRUSTEES AND AT-LARGE MEMBERS ELECTED BY THE BOARD OF TRUSTEES. MEMBERS OF THE EXECUTIVE COMMITTEE SHALL HOLD OFFICE UNTIL THE NEXT ANNUAL ORGANIZATIONAL MEETING OF THE BOARD OR THE ELECTION AND QUALIFICATION OF SUCCESSORS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD, ANY AND ALL POWERS AND AUTHORITY OF THE ENTIRE BOARD OF TRUSTEES, EXCEPT AS OTHERWISE PROVIDED BY THE ACT, BY THE ARTICLES, OR BY THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 JERRY KERN AND MARY ROSSIK KERN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MUSICIAN MEMBERS: ALL TENURED MUSICIANS SHALL BE MEMBERS OF THE ASSOCIATION. GENERAL MEMBERS: ANY CORPORATION, PARTNERSHIP, TRUST, FOUNDATION, OR ANY OTHER ENTITY, WHICH SHALL HAVE PAID AN ANNUAL CONTRIBUTION IN THE MINIMUM AMOUNT SET BY THE TRUSTEES FROM TIME TO TIME, SHALL BE MEMBERS OF THE ASSOCIATION. ANY MEMBER WHO IS A MEMBER OF THE COLORADO SYMPHONY LEAGUE SHALL ALSO BE A MEMBER OF THE ASSOCIATION. SPECIAL CONTRIBUTORS: ALL PERSONS WHO HAVE MADE SUBSTANTIAL CONTRIBUTIONS TO THE ASSOCIATION, EITHER THROUGH EXTRAORDINARY GIFTS OR OTHER GENERAL OR SPECIFIC ACTS OF SIGNIFICANT SUPPORT, ASSISTANCE OR PARTICIPATION AND WHO ARE ELECTED TO MEMBERSHIP IN THE ASSOCIATION AT THE ANNUAL MEETING (THE "SPECIAL CONTRIBUTORS"), SHALL BE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION SHALL BE ENTITLED TO RECEIVE NOTICE AND TO VOTE AT MEETINGS OF MEMBERS. EACH MEMBER OF THE ASSOCIATION IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. A MEMBER OF THE ASSOCIATION ENTITLED TO VOTE MAY VOTE IN PERSON OR BY PROXY EXECUTED IN WRITING BY THE MEMBER OF THE ASSOCIATION OR ITS DULY AUTHORIZED ATTORNEY-IN-FACT. NO PROXY MAY BE VALID AFTER ELEVEN MONTHS FROM THE DATE OF ITS EXECUTION UNLESS OTHERWISE PROVIDED IN THE PROXY. FORM 990, PART VI, SECTION B, LINE 11 AN UNREDACTED COPY OF THE FORM 990 IS REVIEWED BY ALL TRUSTEES OF THE FINANCE COMMITTEE PRIOR TO FILING. IN ADDITION, A REDACTED COPY OF THE TAX RETURN IS SENT TO THE ENTIRE BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE COLORADO SYMPHONY ASSOCIATION (CSA) HAS A CONFLICT OF INTEREST POLICY COVERING OFFICERS, DIRECTORS, COMMITTEE MEMBERS, MUSICIAN TRUSTEES, STAFF MEMBERS, AND CERTAIN CONSULTANTS (IF APPROPRIATE). EACH RESPONSIBLE PERSON MUST ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A POTENTIAL CONFLICT OF INTEREST. THE DISCLOSURE FORM MUST BE SUBMITTED TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR REVIEWING POTENTIAL CONFLICTS OF INTEREST AND HANDLING WHAT IT DETERMINES TO BE ACTUAL CONFLICTS OF INTEREST IN THE MANNER DESCRIBED IN THE POLICY UNDER "REVIEWING AND MANAGING CONFLICTS OF INTEREST". IF THE EXECUTIVE COMMITTEE OR RESPONSIBLE PERSON BECOMES AWARE THAT CSA IS ABOUT TO ENTER INTO OR MAKE ANY DECISION INVOLVING A CONFLICTING INTEREST TRANSACTION WITH THE RESPONSIBLE PERSON, A FAMILY MEMBER, A FRIEND, OR A RELATED ENTITY, THE RESPONSIBLE PERSON MUST: 1) IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF CSA OF THE CONFLICT OF INTEREST 2) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING TO SUCH PERSON(S) ANY MATERIAL FACTS THAT BEAR ON THE ADVISABILITY OF THE TRANSACTION FROM THE STANDPOINT OF CSA AND 3) NOT PARTICIPATE IN THE DELIBERATION OR VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION, AND NOT ATTEMPT TO EXERT HIS OR HER INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE EXECUTIVE COMMITTEE WILL REPORT TO THE BOARD AT ITS NEXT REGULAR MEETING THE RESULTS OF ANY REVIEW AND THE ACTION TAKEN. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION INCREASES WERE MADE FOR THE CEO OR SENIOR MANAGEMENT TEAM DURING THE YEAR ENDED JUNE 30, 2012. AT A FUTURE TIME, WHEN AND IF APPROPRIATE, COMPENSATION INCREASES MAY OCCUR AFTER COMPARING THE CURRENT COMPENSATION WITH COMPENSATION BASED ON SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND AFTER ANALYZING THE VALUE BROUGHT TO THE CSA BY THE PRESIDENT AND CEO OR SENIOR MANAGEMENT STAFF PERSON. THE PRESIDENT AND CEO WOULD WORK WITH THE GOVERNING BODY AND INFORM THEM OF ANY RECOMMENDED CHANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, VIA MAIL, EMAIL OR IN PERSON AT ITS OFFICES. FORM 990, PART VII, SECTION A: THE FOLLOWING INDIVIDUALS DEVOTED TIME PROVIDING SERVICES TO OTHER NONPROFIT ORGANIZATIONS RELATED TO THE ASSOCIATION AS INDICATED BELOW. COLORADO SYMPHONY ENDOWMENT FUND: MARY ROSSICK KERN 1 HOUR PER WEEK JEROME KERN 1 HOUR PER WEEK SANDRA LASKY 1 HOUR PER WEEK EVAN LASKY 1 HOUR PER WEEK JIM COPENHAVER 1 HOUR PER WEEK COLORADO SYMPHONY FOUNDATION: MARY ROSSICK KERN 1 HOUR PER MONTH JEROME KERN 1 HOUR PER MONTH JIM COPENHAVER 1 HOUR PER MONTH CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 250,780. COLORADO SYMPHONY ENDOWMENT FUND 1000 14TH STREET 15 DENVER CO 80202 260138249 RAISE, HOLD & ADMINISTER FUNDS FOR OPERATING NEEDS OF SYMPHONY ASSOCIATION CO 501(C)(3) LINE 11A, I COLORADO SYMPHONY ASSOCIATION 1 COLORADO SYMPHONY FOUNDATION 633 17TH STREET STE 3000 DENVER CO 80202 841257033 SUPPORT THE PURPOSES OF COLORADO SYMPHONY ASSOCIATION CO 501(C)(3) LINE 11D, III-O N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0