2012-03-01T10:45:21-06:00 2011-07-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2010-08-01 620550979 NASHVILLE SYMPHONY ASSOCIATION NASH 6156876515 1 Symphony Place Nashville TN 37201 MICHAEL R KIRBY 2012-01-24 true 6153605500 2010 2016-02-24 21:20:13Z THE NASHVILLE SYMPHONY ALAN VALENTINE 1 Symphony Place Nashville TN 37201 71773522 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. 82 78 494 400 -698206 -698206 12006190 14702020 6457243 5947595 6794853 6443756 20986112 18764400 46244398 45857771 7100 7500 0 0 12616603 12721214 288230 393939 2169949 54209673 20062521 67121606 33185174 -20877208 12672597 224336671 209803881 146593690 116778686 77742981 93025195 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 26165521 0 24638066 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 THE STATE OF TENNESSEE'S PREEMINENT CULTURAL INSTITUTION. THE NASHVILLE SYMPHONY PERFORMED MORE THAN 140 CONCERTS DURING FISCAL YEAR 2011, SELLING A TOTAL OF MORE THAN 101,000 TICKETS. CONTINUED IN SCHEDULE O. 1523177 7500 535723 COMMUNITY SERVICE IS AT THE HEART OF THE NASHVILLE SYMPHONY'S MISSION, AND IN FISCAL YEAR 2011, THE ORCHESTRA REACHED MORE THAN 200,000 PEOPLE THROUGH ITS FREE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. CONTINUED IN SCHEDULE O. 27688698 true true false false false false false false true true false false true 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 false false false false false true 157 0 true 494 true true true false false false false true true false false false false X 82 78 false false false false false false false true true false false true true true true true true true true false X X Michael R Kirby 6156876515 1 Symphony Place Nashville TN 37201 MICHELLE LACKEY COLLINS 1 X 0 0 0 WILIIAM M WILSON 1 X 0 0 0 LOUIS B TODD 1 X 0 0 0 GREGG MORTON 1 X 0 0 0 ZACHARY LIFF 1 X 0 0 0 ELLIOTT WARNER JONES SR 1 X 0 0 0 LEE ANN INGRAM 1 X 0 0 0 AMY GRANT 1 X 0 0 0 ROB BIRONAS 1 X 0 0 0 SCOTT BECKER 1 X 0 0 0 DEVIN SCHULTZ 1 X 0 0 0 WILLIAM WIGGINS 1 X 0 0 0 KRISTI SEEHAFER 1 X 0 0 0 NORMA ROGERS 1 X 0 0 0 STEPHEN SPARKS 1 X 0 0 0 MARK SILVERMAN 1 X 0 0 0 WILLIAM H BRADDY III CFP 1 X 0 0 0 KEVIN P LAVENDER 1 X 0 0 0 JANET AYERS 1 X 0 0 0 BILLY RAY HEARN 1 X 0 0 0 JAMES BRYAN BOLES 1 X 0 0 0 STEVE TURNER 1 X 0 0 0 MARK A BLAKEMAN 40 X 165796 0 14460 MICHAEL KIRBY 40 X 130386 0 12360 ROBERT E MCNEILLY III 1 X 0 0 0 JEREMY WILLIAMS 1 X 0 0 0 DAVID T VANDEWATER 1 X 0 0 0 ALAN D VALENTINE 40 X 380295 0 18060 RUTH E JOHNSON 1 X 0 0 0 JULIAN B BAKER JR 1 X 0 0 0 JACK O BOVENDER JR 1 X 0 0 0 HOWARD STRINGER 1 X 0 0 0 RICHARD MARADIK JR 1 X 0 0 0 PAMELA L CARTER 1 X 0 0 0 ROBERT A MCCABE JR 1 X 0 0 0 BEVERLY K SMALL 1 X 0 0 0 DAN W HOGAN 1 X 0 0 0 EDUARDO MINARDI 1 X 0 0 0 BETSY WILLS 1 X 0 0 0 JOHNNA WATSON 1 X 0 0 0 GIANCARLO GUERERRO 40 X 453552 0 18060 DAVID STEELE EWING 1 X 0 0 0 RUSSELL W BATES 1 X 0 0 0 ANASTASIA BROWN 1 X 0 0 0 CARL GRIMSTAD 1 X 0 0 0 JOHN FERGUSON 1 X 0 0 0 MITCHELL KORN 40 X 173444 0 14340 C KEITH HERRON 1 X 0 0 0 PATTI SMALLWOOD 1 X 0 0 0 CLAY JACKSON 1 X 0 0 0 HAL N PENNINGTON 1 X 0 0 0 BRUCE D SULLIVAN 1 X 0 0 0 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ANGELES PHILHARMONIC 151 SOUTH GRAND AVENUE LOS ANGELES CA 90012 ARTIST MANAGEMENT 125000 BANK OF AMERICA MERRILL LYNCH 100 N BROADWAY MO2-100-07-15 ST LOUIS MO 63102 INVESTMENT MANAGEMENT 122905 IMG ARTISTS 152 WEST 57TH ST 5TH FLOOR NEW YORK NY 10019 ARTIST MANAGEMENT 119100 HIRTLE CALLAGHAN & CO 300 BARR HARBOR DR STE 500 WEST CONSHOHOCKEN PA 19428 INVESTMENT MANAGEMENT 113108 5 588618 349750 13763652 55896 14702020 TICKET SALES 5546395 5546395 ORCHESTRA FEES 401200 401200 0 0 0 0 5947595 1301165 1301165 0 0 1678399 2376605 -698206 0 -698206 -698206 27815196 15816 22674805 13616 5140391 2200 5142591 5142591 1087137 588618 850725 236412 236412 0 0 FLOOD PROCEEDS 18879877 18879877 HANDLING CHARGES FOR TICKET SALES 285192 285192 CONCESSIONS 26458 26458 34667 34667 0 0 19226194 45857771 25173789 -698206 6680168 0 7500 7500 0 0 1220576 709895 510681 0 8993153 7668777 610761 713615 673159 579349 54677 39133 1018931 893578 70189 55164 815395 674455 69234 71706 0 0 68268 68268 0 393939 393939 361594 361594 801313 35253 766060 1024378 1024378 3324580 2615203 443453 265924 224737 224737 83663 83663 0 12620 12620 0 73518 22453 35084 15981 5484093 5484093 0 7381178 7381178 320428 208639 111789 FLOOD RELATED EXPENSES 287664 287664 BAD DEBT EXPENSE 614487 614487 0 0 0 0 33185174 27688698 3326527 2169949 0 2110613 3167535 25922938 30299769 277663 619984 1806832 1806070 142316213 34714610 109967058 107601603 69103355 46992664 3133255 4030179 0 0 12014957 15286077 224336671 209803881 27530296 1174820 3676467 4195518 91100000 88270000 10000000 10000000 14286927 13138348 146593690 116778686 X 49624132 60466150 25618824 30057410 2500025 2501635 77742981 93025195 224336671 209803881 X 12672597 2609617 X false true true X true true X 20541047 39050742 14097332 12006190 14702020 100397331 7244028 8185696 8728458 6599649 6259245 37017076 0 0 0 27785075 47236438 22825790 18605839 20961265 137414407 235553 185974 200824 314428 245063 1181842 0 235553 185974 200824 314428 245063 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1028587 2376605 3405192 12795124 361594 20028456 20390050 33185174 Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT FUNDS ARE USED FOR MISSION RELATED ACTIVITIES. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS - 1148579; Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d RENTAL EXPENSES NETTED ON FORM 990 - 2376605; Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b INSURANCE PROCEEDS NETTED IN AUDITED FINANCIAL STATEMENTS - 18879877; Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d RENTAL EXPENSES NETTED ON FORM 990 - 2376605; Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b INSURANCE PROCEEDS NETTED IN AUDITED FINANCIAL STATEMENTS - 18879877; CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENT - 1148579; CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES INVESTMENTS 3980000 3980000 true false false true false false X X X X X X X true COMMUNITY COUNSELLING SERVICES CO LLC 155 N WACKER DRIVE SUITE 1790 CHICAGO IL 60606 FUNDRAISING false 9692000 390000 9302000 9692000 390000 9302000 TN SYMPHONY BALL 766267 338129 428138 0 0 196828 52753 9800 38177 FASHION SHOW 390541 129494 261047 0 0 121733 61569 55868 64606 2 518947 120995 397952 0 0 96267 10516 110775 31833 1675755 588618 1087137 0 0 414828 124838 176443 134616 850725 236412 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 $390,000 AND REIMBURSED EXPENSES TOTALED $3,993. 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 165796 0 0 0 0 0 11100 0 3360 0 180256 0 0 0 ALAN D VALENTINE 380295 0 0 0 0 0 14700 0 3360 0 398355 0 0 0 GIANCARLO GUERERRO 453552 0 0 0 0 0 14700 0 3360 0 471612 0 0 0 MITCHELL KORN 173444 0 0 0 0 0 10980 0 3360 0 187784 0 0 0 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 13730000 0 104242331 0 8135137 0 1180869 789499 0 77633197 0 0 2006 true false true true false false false false true 0.0000 0.0000 0.0000 true false true false 0.0 false 0.0 false true DESCRIPTION OF PURPOSE OF BONDS SCHEDULE K, PART I, LINE A, 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. REGIONS BANK SEE SCHEDULE O 757426 LETTER OF CREDIT FEES AND TRUSTEE FEES false SUN TRUST BANK SEE SCHEDULE O 2355840 LETTER OF CREDIT FEES AND SWAP AGREEMENTS false PINNACLE FINANCIAL PARTNERS SEE SCHEDULE O 187132 LETTER OF CREDIT FEES false PINNACLE GROUP INSURANCE SEE SCHEDULE O 840065 HEALTH INSURANCE PREMIUMS false RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION SCHEDULE L, PART IV, COLUMN (B) SUNTRUST ROBERT MCNEILLY, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS THE CHAIRMAN/CEO/PRESIDENT OF SUNTRUST, TENNESSEE, AT THE TIME OF THE TRANSACTION. PINNACLE GROUP INSURANCE JOHNNA WATSON, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS THE PRESIDENT/CEO OF PINNACLE GROUP AT THE TIME OF THE TRANSACTION. REGIONS BANK C. KEITH HERRON, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS REGIONAL PRESIDENT, AT THE TIME OF THE TRANSACTION. PINNACLE FINANCIAL PARTNERS ROBERT MCCABE, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS THE CHAIRMAN OF PINNACLE FINANCIAL PARTNERS AT THE TIME OF THE TRANSACTION. X INSTRUMENTS 1 55896 MARKET VALUE 0 false false false ORGANIZATION'S MISSION - CONTINUED FORM 990, PART III, LINE 1 CONTINUED FROM PAGE 2, 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 CONTINUED FROM PAGE 2, PART III, LINE 4A: THE CONCERT SEASON OPENED UNDER UNUSUAL CIRCUMSTANCES, AS THE NASHVILLE SYMPHONY'S HOME, SCHERMERHORN SYMPHONY CENTER, WAS IN THE PROCESS OF RECOVERING FROM A FLOOD IN MAY 2010 THAT CAUSED $40 MILLION IN DAMAGES TO THE BUILDING. WHILE THE BUILDING UNDERWENT EXTENSIVE REMEDIATION AND REBUILDING, THE ORCHESTRA RELOCATED ITS FALL CONCERTS TO OTHER VENUES IN THE NASHVILLE AREA, RETURNING TO THE SCHERMERHORN WITH A GRAND RE-OPENING CONCERT ON NEW YEAR'S EVE FEATURING THE ORCHESTRA WITH VIOLINIST ITZHAK PERLMAN. 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 FISCAL YEAR 2011 INCLUDED BEETHOVEN'S FIFTH PIANO CONCERTO, STRAVINSKY'S THE RITE OF SPRING, AN EVENING OF WORKS BY SCANDINAVIAN COMPOSERS SIBELIUS AND NIELSEN, HOLST'S THE PLANETS, AND PROKOFIEV'S FIFTH SYMPHONY. THE ORCHESTRA'S FIRST CLASSICAL SERIES CONCERT FOLLOWING THE REOPENING OF SCHERMERHORN SYMPHONY CENTER IN JANUARY 2011 WAS BROADCAST LIVE ON NATIONAL PUBLIC RADIO. 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 AMERICAN COMPOSERS, INCLUDING PHILIP GLASS (WHOSE SECOND VIOLIN CONCERTO WAS FEATURED DURING FISCAL YEAR 2011), JOAN TOWER AND MICHAEL DAUGHERTY. THE ORCHESTRA HAS RELEASED NEARLY 20 RECORDINGS OVER THE PAST DECADE, MANY OF THEM FEATURING THE WORK OF CONTEMPORARY AMERICAN COMPOSERS. IN FISCAL YEAR 2011, THE ORCHESTRA EARNED THREE GRAMMY® AWARDS FOR ITS RECORDING OF WORKS BY MICHAEL DAUGHERTY, AND IT ALSO RELEASED A NEW CD OF WORKS BY PULITZER PRIZE-WINNING COMPOSER JOSEPH SCHWANTNER. MOST OF THE ORCHESTRA'S SUBSCRIPTION CLASSICAL CONCERTS FEATURE WORLD-CLASS GUEST PERFORMERS. RECENT SEASONS HAVE INCLUDED VISITS FROM CELLIST YO-YO MA, PIANIST ANDRÉ WATTS AND THE GROUNDBREAKING POLISH COMPOSER/CONDUCTOR KRZYSZTOF PENDERECKI. IN ADDITION, THE ORCHESTRA REGULARLY FEATURES THE NEWEST GENERATION OF CLASSICAL SOLOISTS, INCLUDING VIOLINISTS STEFAN JACKIW 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, AS REPRESENTED BY SUCH PERFORMERS AS MICHAEL MCDONALD, PETER CETERA AND LORRIE MORGAN. A FOUR-CONCERT FAMILY SERIES, THE ANN & MONROE CARELL FAMILY TRUST PIED PIPER SERIES IS GEARED TOWARD YOUNG LISTENERS AND THEIR PARENTS. 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 FEATURED PIANIST HERBIE HANCOCK, SAXOPHONIST DAVID SANBORN AND GUITARIST AL DI MEOLA. DUE TO THE NASHVILLE SYMPHONY'S COMMITMENT TO PRESENTING WORLD MUSIC, LOCAL AUDIENCES HAVE HAD THE OPPORTUNITY TO EXPERIENCE LIVE PERFORMANCES, LIKE SOUTH AFRICA'S LADYSMITH BLACK MAMBAZO AND OTHER GLOBAL ARTISTS. 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 A TOTAL OF 370,000 PEOPLE IN FISCAL YEAR 2011, AND 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 CONTINUED FROM PAGE 2, PART III, LINE 4B: THE NASHVILLE SYMPHONY'S "ONE NOTE, ONE NEIGHBORHOOD" EDUCATION INITIATIVE IS AN INNOVATIVE PARTNERSHIP WITH THE W.O. SMITH/NASHVILLE COMMUNITY MUSIC SCHOOL AND METRO NASHVILLE PUBLIC SCHOOLS. WITH THE SUPPORT OF NISSAN NORTH AMERICA AND THE MARTIN FOUNDATION, THE SYMPHONY AND THESE ORGANIZATIONS WORK TOGETHER TO PROVIDE A COMPREHENSIVE PACKAGE OF MUSIC EDUCATION PROGRAMS FOR STUDENTS AND TEACHERS IN EAST NASHVILLE'S STRATFORD CLUSTER AND NORTH NASHVILLE'S PEARL-COHN CLUSTER. THESE SERVICES INCLUDE AFTER-SCHOOL MUSIC INSTRUCTION FOR COMMITTED STUDENTS, ALONG WITH TRANSPORTATION TO LESSONS, ALL PROVIDED FREE OF CHARGE. IN FISCAL YEAR 2011, THE SYMPHONY EARNED AN $18,000 GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS TO HELP FUND ONE NOTE, ONE NEIGHBORHOOD. THE NASHVILLE SYMPHONY REACHES MANY MORE SCHOOLCHILDREN ACROSS THE MIDDLE TENNESSEE REGION THROUGH A VARIETY OF OTHER PROGRAMS. THESE INCLUDE THE GAYLORD ENTERTAINMENT FOUNDATION YOUNG PEOPLE'S CONCERTS, WHICH BRING STUDENTS FROM PUBLIC, PRIVATE AND HOME SCHOOLS TO THE SCHERMERHORN. OUR 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 5,000 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, AND OFFSTAGE, WHICH TAKES SYMPHONY MUSICIANS INTO WORKPLACES, COMMUNITY CENTERS, RESIDENCES FOR THE ELDERLY AND HEALTH-CARE FACILITIES FOR INTERACTIVE PRESENTATIONS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b IN JANUARY 2012, 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 IN JANUARY 2012. 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 UNDERTAKEN IN 2011. 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 UNDERTAKEN IN 2011. Public Disclosure 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 - 1461038; CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENT - 1148579;