2013-04-12T14:22:04-05:00 2012-08-31 205788602 GLASERDUNCAN CPAS 1040 ANNA KNAPP BLVD MOUNT PLEASANT SC 29464 990 2011-09-01 570660848 SPOLETO FESTIVAL USA INC SPOL 8437222764 14 GEORGE STREET CHARLESTON SC 29401 TASHA GANDY 8437222764 2013-04-12 1 ERIK M GLASER CPA P00724565 8438490655 2011 2016-02-25 16:41:14Z NIGEL REDDEN 14 GEORGE STREET CHARLESTON SC 29401 9508943 0 X WWW.SPOLETOUSA.ORG X 1977 SC TO CREATE A COMPREHENSIVE AND INNOVATIVE ARTS FESTIVAL IN CHARLESTON, SOUTH CAROLINA, PRODUCING AND PRESENTING EVENTS FEATURING AN INTERNATIONAL MIX OF DISTINGUISHED ARTISTS AND EMERGING TALENT. 44 44 356 563 97063 -31943 2958354 3540976 3033132 3294152 414459 126650 245645 362559 6651590 7324337 0 0 0 0 2421975 2356942 0 0 669594 5090812 4744836 7512787 7101778 -861197 222559 13814334 14119953 2558873 2483665 11255461 11636288 TO CREATE A COMPREHENSIVE AND INNOVATIVE ARTS FESTIVAL IN CHARLESTON, SOUTH CAROLINA, PRODUCING AND PRESENTING EVENTS FEATURING AN INTERNATIONAL MIX OF DISTINGUISHED ARTISTS AND EMERGING TALENT. 0 0 5532455 3335480 FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES AND OUTDOOR SPACES WITH MORE THAN 137 PERFORMANCES BY RENOWNED ARTISTS AS WELL AS EMERGING PERFORMERS IN OPERA, THEATER, DANCE, CHAMBER MUSIC, SYMPHONIC MUSIC, CHORAL AND JAZZ MUSIC. 5532455 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 151 0 356 0 1 1 0 0 0 0 1 1 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X TASHA GANDY 8437222764 14 GEORGE STREET CHARLESTON SC 29401 CARLOS E EVANS 2.00 X X 0 0 0 JENNIE L DESCHERER 1.00 X X 0 0 0 LOU RENA HAMMOND 1.00 X X 0 0 0 MARIE LAND 1.00 X X 0 0 0 DRJOHN M PALMS 1.00 X X 0 0 0 W LUCAS SIMONS 1.00 X X 0 0 0 JOEL A SMITH III 1.00 X X 0 0 0 LOREN R ZIFF 1.00 X X 0 0 0 M EDWARD SELLERS 2.00 X X 0 0 0 JOHN B HAGERTY 2.00 X X 0 0 0 RONALD D ABRAMSON 2.00 X X 0 0 0 DENISE BARTO 0.30 X 0 0 0 DONALD H BERNSTEIN 0.30 X 0 0 0 AMY BLUMENTHAL 0.30 X 0 0 0 JAMES W BRADSHAW 0.30 X 0 0 0 JOHN STEELE CHALSTY 0.30 X 0 0 0 JOAN S COKER 0.30 X 0 0 0 LEONARD S COLEMAN JR 0.30 X 0 0 0 SUSAN T FRIBERG 0.30 X 0 0 0 PENELOPE HALL 0.30 X 0 0 0 OZEY K HORTON JR 0.30 X 0 0 0 SUSAN PHIFER JOHNSON 0.30 X 0 0 0 BARRY I KALINSKY 0.30 X 0 0 0 DR GEORGE KHOURY 0.30 X 0 0 0 DR MICHAEL S KOGAN 0.30 X 0 0 0 CHRISTOPHER LATHAM 1.00 X X 0 0 0 MEMRIE LEWIS 0.30 X 0 0 0 CINDI SOLOMON 0.30 X 0 0 0 WILLIAM G MEDICH 0.30 X 0 0 0 STEPHEN G MORRISON 0.30 X 0 0 0 MARIAN M NISBET 0.30 X 0 0 0 AUBREY SARVIS 0.30 X 0 0 0 RITA SCOTT 0.30 X 0 0 0 WALTER G SEINSHEIMER 0.30 X 0 0 0 CHARLOTTE SLOAN 0.30 X 0 0 0 ELIZABETH H SULLIVAN 0.30 X 0 0 0 CYNTHIA B THOMPSON 0.30 X 0 0 0 HELLENA HUNTLEY TIDWELL 0.30 X 0 0 0 JENNIFER M WHITTLE 0.30 X 0 0 0 RICHARD ALMEIDA 0.30 X 0 0 0 SUSAN BAKER 0.30 X 0 0 0 RANDOLPH FRIEDMAN 0.30 X 0 0 0 LINDA LESOURD LADER 0.30 X 0 0 0 NIGEL REDDEN 40.00 X 246647 0 9577 TASHA GANDY 40.00 X 103607 0 10801 NUNALLY KERSH 40.00 X 115667 0 11575 465921 0 31953 3 0 1 0 COLLEGE OF CHARLESTON 66 GEORGE ST CHARLESTON SC 29424 TEMPORARY HOUSING 270545 DAVID EDEN PRODUCTIONS LTD 155 HENRY ST BROOKLYN NY 112012537 ARTS PRODUCTION 237000 DOVETAIL PRODUCTIONS 22 W 15TH ST 9H NEW YORK NY 10011 ARTS PRODUCTION 157924 TECHNICAL THEATRE SOLUTIONS LLC PO BOX 21420 CHARLESTON SC 29413 ARTS PRODUCTION 131989 SYNTONIC DESIGN GROUP LLC 1470 ROUTE 199 MILLAN NY 12571 CONSULTING 131901 5 141200 283204 3116572 3540976 ADMISSION SALES 711300 2895926 2895926 CO-PRODUCTION FEES 711300 214465 214465 BOX OFFICE HANDLING FE 711300 183761 183761 3294152 109643 109643 160298 30743 0 10425 160298 20318 180616 20318 160298 1948774 1931767 17007 17007 17007 301100 141200 237230 63870 63870 10573 5184 5389 5389 ADVERTISING 541800 76745 76745 OTHER REVENUE 711300 35939 35939 112684 7324337 3335480 97063 350818 436904 156795 170368 109741 1582087 1107249 154528 320310 2951 965 1225 761 163168 60336 60606 42226 171832 95860 54091 21881 24221 24221 205605 124569 81036 31281 27228 4053 303299 182775 113390 7134 33182 33182 95454 95454 301956 225548 46978 29430 755019 712374 36238 6407 9913 9913 76430 51058 25372 522352 409524 75219 37609 135130 57981 74558 2591 ADVERTISING EXP-UBIT 139431 139431 PERFORMANCE FEES 1441099 1430989 10110 SETS, COSTUMES & PROPS 381811 381811 GENERAL PRODUCTION 159986 159986 128667 79340 48772 555 7101778 5532455 899729 669594 97821 342349 118648 1151574 1020887 26422 68857 4000 4000 35099 54819 11955655 3553670 8568624 8401985 3812146 4227056 13814334 14119953 115235 145677 12805 12155 2430833 2325833 2558873 2483665 X 7372643 7150338 303226 611066 3579592 3874884 11255461 11636288 13814334 14119953 X 222559 158268 X 0 1 1 X 0 X 5410098 4058429 4529705 3036704 3623500 20658436 3137523 2430604 3108853 3015226 3304725 14996931 200000 200000 200000 200000 200000 1000000 8747621 6689033 7838558 6251930 7128225 36655367 1655944 1405342 1703745 701802 753052 6219885 0 1655944 1405342 1703745 701802 753052 6219885 30435482 208855 206816 252159 540388 290259 1498477 208855 206816 252159 540388 290259 1498477 46159 25992 18522 16655 35939 143267 9002635 6921841 8109239 6808973 7454423 38297111 0.79470 0.73370 0.03910 0.03660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3676927 295292 284893 170000 4087112 3430991 10411 405525 170000 3676927 3246479 30681 296831 143000 3430991 3900820 886 -470227 185000 3246479 1.00000 1 0 4118083 1286124 2831959 6577565 1426257 5151308 1089142 731655 357487 170865 109634 61231 8401985 LONG TERM NOTES PAYABLE 1525833 NOTES PAYABLE - LINE OF CREDIT 800000 2325833 7324337 7101778 222559 158268 158268 380827 7570313 158268 82524 240792 7329521 -5184 -5184 7324337 7189486 82524 5184 87708 7101778 0 7101778 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FESTIVAL'S ENDOWMENTS CONSIST OF FUNDS ESTABLISHED FOR VARIOUS PURPOSES, SUCH AS FOR ARTISTIC PROGRAMMING AND FOR AN APPRENTICESHIP PROGRAM. THE ENDOWMENTS INCLUDE ONLY DONOR-RESTRICTED ENDOWMENT FUNDS HELD BY THE FESTIVAL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) PROVIDES GUIDANCE ON THE FESTIVAL'S EVALUATION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FESTIVAL'S POSITION AND CONCLUDED THAT THE FESTIVAL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANICAL STATEMENTS OR FORM 990 TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -5,184. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,184. 2012 OPENING NIGHT FETE 155700 155700 85706 2012 SFUSA ORCHESTRA AUCTION 156965 27000 129965 41309 3 129635 114200 15435 110215 442300 141200 301100 237230 237230 63870 X X X X 0 0 0 0 0 0 0 0 0 NIGEL REDDEN 246647 0 0 0 0 0 0 9154 0 423 246647 9577 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS UTILIZES VARIOUS FORMS OF CURRENT SALARY INFORMATION TO DETERMINE THE ANNUAL COMPENSATION FOR THE FESTIVAL'S DIRECTOR. ONCE THIS DATA IS SUMMARIZED, DISCUSSED AND ANALYZED, THE FESTIVAL'S BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION OF THE DIRECTOR. X 10 71066 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 EACH BOARD MEMBER HAD THE OPPORTUNITY TO REVIEW AND COMMENT ON THE ORGANIZATION'S FORM 990 BY POSTING ON A SECURE WEB SITE. ACCESS INFORMATION WAS PROVIDED TO THE FULL BOARD VIA EMAIL AND THEY WERE GIVEN SEVEN DAYS IN WHICH TO COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE IS MONITORED WITH AN ANNUAL QUESTIONNAIRE. FORM 990, PART VI, SECTION B, LINE 15 SALARY ADJUSTMENTS AND BONUSES ARE SUBJECT TO APPROVAL BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAULABLE AT THE FESTIVAL'S MAIN OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 158,268. FESTIVAL FOUNDATION INC 14 GEORGE ST CHARLESTON SC 29401 131863337 FESTIVAL SC 501 LINE 9 SPOLETO FESTIVAL USA INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0