2011-02-07T15:00:04-06:00 2010-07-31 CROWE HORWATH LLP 105 Continental Place Suite 200 Brentwood TN 37027 990 2009-08-01 620550979 NASHVILLE SYMPHONY ASSOCIATION NASH 6156876515 1 SYMPHONY PLACE NASHVILLE TN 37201 MICHAEL R KIRBY 2011-02-07 true 6153605500 2009 2016-02-24 21:20:13Z THE NASHVILLE SYMPHONY ALAN VALENTINE 1 SYMPHONY PLACE NASHVILLE TN 37201 51455980 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. 76 71 536 400 -596122 0 14472332 12006190 7775611 6457243 -7698870 6794853 -439884 20986112 14109189 46244398 7500 7100 0 13492318 12616603 37040 288230 1430714 19647814 54209673 33184672 67121606 -19075483 -20877208 220255030 224336671 117671541 146593690 102583489 77742981 SEE SCHEDULE O false false 36645105 0 21064340 SEE SCHEDULE O 25039038 0 6486254 SEE SCHEDULE O 1278689 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THE FORMER ENDOWMENT FUNDS HAVE BEEN RECLASSIFIED AS INVESTMENTS PER FAS 117 AND THEREFORE WE HAVE REMAINING ENDOWMENT NET ASSETS VALUED AT $525,025. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS - -5240299; OTHER - 0; TOTAL - -5240299 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d RENTAL EXPENSES NETTED ON FORM 990 - 1521672; OTHER - 0; TOTAL - 1521672 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b INSURANCE PROCEEDS NETTED IN AUDITED FINANCIAL STATEMENTS - 21064340; CONCESSION EXPENSES NETTED IN AUDITED FINANCIAL STATEMENTS - 1057242; OTHER - 0; TOTAL - 22121582 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENT - 5240299; RENTAL EXPENSES NETTED ON FORM 990 - 1521672; OTHER - 0; TOTAL - 6761971 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b INSURANCE PROCEEDS NETTED IN AUDITED FINANCIAL STATEMENTS - 21064340; CONCESSION EXPENSES NETTED IN AUDITED FINANCIAL STATEMENTS - 1057242; OTHER - 0; TOTAL - 22121582 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES INVESTMENTS X X X X X X X true COMMUNITY COUNSELING SERVICES FUNDRAISING false 7600000 255500 7344500 7600000 255500 7344500 TN SYMPHONY BALL 719488 180936 538552 210482 39585 9470 8078 FASHION SHOW 299897 78102 221795 53354 38825 1875 54945 1019385 259038 760347 263836 78410 11345 63023 416614 343733 true THOR JOHNSON SCHOLARSHIP 11 7100 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. X X X X false false false false false false false false false SUSAN PLAGEMAN 162450 0 0 0 0 0 10560 0 3092 0 176102 0 0 0 MARK A BLAKEMAN 165256 0 0 0 0 0 10560 0 3092 0 178908 0 0 0 ALAN D VALENTINE 379963 0 0 0 0 0 12000 0 3400 0 395363 0 0 0 GIANCARLO GUERERRO 396455 0 0 0 0 0 12000 0 3092 0 411547 0 0 0 MITCHELL KORN 173791 0 0 0 0 0 11375 0 3400 0 188566 0 0 0 INDUSTRIAL DEVELOPMENT BOARD OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AN 621486674 5920653KO 2004-01-08 102000000 SEE SCHEDULE O false false 104242331 0 16503629 0 1180869 0 83526003 2006 true false true true false false false false true 0.000 0.000 0.000 true false true false 0.0 0.0 false true TENNESSEAN SEE SCHEDULE O 215554 NEWSPAPER ADVERTISEMENT false REGIONS BANK SEE SCHEDULE O 1220039 INTEREST PAID TO REGIONS BANK false SUNTRUST SEE SCHEDULE O 1027168 MANAGEMENT AND LINE OF CREDIT FEES false PINNACLE FINANCIAL PARTNERS SEE SCHEDULE O 200673 MANAGEMENT, LINE OF CREDIT, AND TRUSTEE FEES false Organization's mission Form 990, Part III, Line 1 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. 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 ON MAY 1-2, 2010 NASHVILLE, TENNESSEE EXPERIENCED THE WORST FLOODING EVER RECORDED IN THE CITY'S HISTORY. OVER THIS TWO DAY PERIOD, A TORRENTIAL RAINFALL CAUSED THE CUMBERLAND RIVER, WHICH RUNS THROUGH DOWNTOWN NASHVILLE, TO CREST AT A HEIGHT OF 51.9", OR 11.9' ABOVE FLOOD STAGE. THIS HIGH LEVEL OF WATER CAUSED CATASTROPHIC FLOODING OF BUILDINGS THROUGHOUT DOWNTOWN NASHVILLE, INCLUDING THE SCHERMERHORN SYMPHONY CENTER (SSC), HOME TO THE NASHVILLE SYMPHONY. AT THE HEIGHT OF THE FLOODING, 24 FEET OF WATER ACCUMULATED IN THE BUILDING, COMPLETELY SUBMERGING THE LOWER LEVEL AND CAME WITHIN EIGHT INCHES OF THE CEILING. THE RESULTS OF THE FLOOD HAVE CAUSED EXTENSIVE DAMAGE TO THE MECHANICAL, ELECTRICAL, AND LOW VOLTAGE SYSTEMS AND THE COMMERCIAL KITCHEN WITHIN THE SSC, AS WELL AS DESTRUCTION OF FURNISHINGS, FIXTURES AND EQUIPMENT, CONCERT GRAND PIANOS, AND A MAJOR PORTION OF THE MARTIN FOUNDATION CONCERT ORGAN. PRIOR TO THE FLOOD, THIS AREA WAS DESIGNATED BY FEMA FLOOD MAPS TO BE IN A 500 TO 1,000 YEAR FLOOD ZONE, AND THEREFORE, NOT PARTICULARLY SUSCEPTIBLE TO FLOODING. PERFORMANCES WITH THE SSC WERE DISCONTINUED AFTER THE FLOOD AND ARE EXPECTED TO BE RESUMED BY DECEMBER 31, 2010. EVERY PERFORMANCE WAS ABLE TO BE MOVED TO ALTERNATE LOCATIONS WITH THE EXCEPTION OF TWO, WHICH WERE CANCELLED IN THEIR ENTIRETY. EMPLOYEES WERE MOVED TO TEMPORARY OFFICE SPACE WITHIN TWO WEEKS AFTER THE FLOOD. IN ADDITION TO COMPLETING REPAIRS, THE SYMPHONY IS WORKING WITH OUTSIDE CONTRACTORS TO IMPLEMENT SEVERAL HAZARD MITIGATION PROJECTS, WHICH WILL MINIMIZE THE RISK OF LOSS FROM FUTURE FLOODING. THE SYMPHONY IS UTILIZING THE SERVICES OF A CONSULTANT TO PREPARE INSURANCE AND FEMA CLAIMS AND TO HELP THE SYMPHONY TO WORK THROUGH THE PROCESS TO RECOVER FROM BOTH INSURANCE AND FEMA. GROSS LOSSES RECORDED AS OF JULY 31, 2010 APPROXIMATED $36,700,000. THESE LOSSES INCLUDE REMEDIATION COSTS BUILDBACK EXPENSES, AND VARIOUS CONTENTS LOST. REMEDIATION EXPENSES INCLUDE COSTS TO DRY OUT THE BUILDING, DECONTAMINATE, AND CLEAN-UP DEBRIS. BUILDBACK EXPENSES ARE THOSE COSTS EXPECTED TO GET THE SYMPHONY BACK TO PRE-LOSS CONDITION. THESE LOSSES WERE OFFSET BY INSURANCE PROCEEDS RELATED TO ESTIMATED BUSINESS INTERRUPTION LOSSES OF APPROXIMATELY $3 MILLION. THE REMAINING CONSTRUCTION COSTS, CONTRACTED EXPENSES, AND VARIOUS CONTENTS TO BE REPLACED IN THE AMOUNT OF $26,365,000 ARE ACCRUED. THE INSURANCE PROCEED RECEIVABLES OF $10,894,000 WAS COLLECTED SUBSEQUENT TO JULY 31, 2010. A LOSS OF $15,580,765, NET OF INSURANCE PROCEEDS HAS BEEN RECORDED AT JULY 31, 2010. MANAGEMENT ESTIMATES ADDITIONAL PROCEEDS FROM FEMA OF APPROXIMATELY $11,500,000 WILL BE RECEIVED IN THE SUBSEQUENT PERIOD BASED ON REMEDIATION COSTS, ACTUAL LOSSES, AND CONSTRUCTION ESTIMATES. THE PROCEEDS WILL BE RECOGNIZED AS INCOME IN THE PERIOD WHEN RECEIVED. Program service description Form 990, Part III, Line 4b THE NASHVILLE SYMPHONY PERFORMED MORE THAN 140 CONCERTS DURING FISCAL YEAR 2010, REACHING MORE THAN 132,000 TICKET BUYERS THROUGH ITS VARIOUS PRESENTATIONS AT SCHERMERHORN SYMPHONY CENTER. THE ORCHESTRA'S COMMITMENT TO THE HIGHEST ARTISTIC QUALITY AND TO PERFORMING A BROAD RANGE OF MUSICAL OFFERINGS HAS HELPED TO ESTABLISH THE NASHVILLE SYMPHONY AS THE STATE OF TENNESSEE'S PREEMINENT CULTURAL INSTITUTION. THE ORCHESTRA 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 2010 INCLUDED AN ALL-BEETHOVEN SEASON-OPENING CONCERT FEATURING SUPERSTAR PIANIST LANG LANG; PERFORMANCES OF MUSSORGSKY'S "PICTURES AT AN EXHIBITION," RICHARD STRAUSS'S "ALSO SPRACH ZARATHUSTRA" AND BACH'S MASS IN B MINOR; AND A PRODUCTION OF BARTÓK'S OPERA "BLUEBEARD'S CASTLE" FEATURING LARGE-SCALE SCULPTURES BY GLASS ARTIST DALE CHIHULY. AT THE SAME TIME, THE NASHVILLE SYMPHONY IS DEEPLY COMMITTED TO AMERICAN MUSIC AND TO KEEPING CLASSICAL MUSIC VITAL FOR THE 21ST CENTURY, AND IT IS DEEPLY INVOLVED IN PERFORMING AND COMMISSIONING NEW WORKS BY SOME OF TODAY'S MOST IMPORTANT AMERICAN COMPOSERS, INCLUDING PHILIP GLASS, JOAN TOWER AND MICHAEL DAUGHERTY. (THE ORCHESTRA'S RECORDING OF TOWER'S "MADE IN AMERICA" EARNED THREE GRAMMY® AWARDS IN 2008, AND ITS RECORDING OF DAUGHERTY'S METROPOLIS SYMPHONY HAS BEEN NOMINATED FOR FIVE GRAMMY® AWARDS IN 2010.) MOST OF THE ORCHESTRA'S SUBSCRIPTION CLASSICAL CONCERTS ALSO FEATURE WORLD-CLASS GUEST PERFORMERS. RECENT SEASONS HAVE INCLUDED VISITS FROM CELLIST YO-YO MA, PIANIST JEAN-YVES THIBAUDET AND THE GROUNDBREAKING POLISH COMPOSER/CONDUCTOR KRZYSZTOF PENDERECKI. IN ADDITION, THE ORCHESTRA REGULARLY FEATURES THE NEWEST GENERATION OF CLASSICAL SOLOISTS, INCLUDING CELLIST ALISA WEILERSTEIN AND 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 SINGER GLEN CAMPBELL, SINGER-SONGWRITER JIMMY WEBB, PRESERVATION HALL JAZZ BAND, CELTIC PERFORMERS JOHN MCDERMOTT AND CHERISH THE LADIES, AND FAMILY BLUEGRASS BAND CHERRYHOLMES. 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 MCCOY TYNER, SAXOPHONIST BRANFORD MARSALIS, AND KEYBOARDIST CHICK COREA AND GUITARIST JOHN MCLAUGHLIN. AND BECAUSE OF THE NASHVILLE SYMPHONY'S COMMITMENT TO PRESENTING WORLD MUSIC, LOCAL AUDIENCES HAVE HAD THE OPPORTUNITY TO EXPERIENCE LIVE PERFORMANCES BY IRISH MUSIC LEGENDS THE CHIEFTAINS, SOUTH AFRICA'S LADYSMITH BLACK MAMBAZO, AN EVENING OF EMERGING JAPANESE ARTISTS PERFORMING ON TRADITIONAL INSTRUMENTS, AND MUCH MORE. 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 380,000 PEOPLE IN FISCAL YEAR 2010, 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 4c THE NASHVILLE SYMPHONY IS DEEPLY COMMITTED TO SERVING THE COMMUNITY, AND IN FISCAL YEAR 2010, THE ORCHESTRA REACHED MORE THAN 165,000 PEOPLE THROUGH ITS FREE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. THE NASHVILLE SYMPHONY'S CONCERTS FOR AREA SCHOOL CHILDREN ARE AT THE HEART OF THESE EFFORTS. THESE INCLUDE THE GAYLORD ENTERTAINMENT FOUNDATION YOUNG PEOPLE'S CONCERTS, WHICH BROUGHT 15,600 STUDENTS FROM 210 PUBLIC, PRIVATE AND HOME SCHOOLS TO THE SCHERMERHORN. OUR ENSEMBLES IN THE SCHOOLS PROGRAM TOOK MEMBERS OF THE NASHVILLE SYMPHONY TO 15 DIFFERENT PUBLIC AND PRIVATE SCHOOLS, WHERE THEY PERFORMED A TOTAL OF 23 CONCERTS SERVING 2,300 STUDENTS, ALL WITHOUT COST TO STUDENTS OR THE SCHOOLS. FISCAL YEAR 2010 ALSO REPRESENTED THE SECOND YEAR FOR ONE NOTE, ONE NEIGHBORHOOD, THE NASHVILLE SYMPHONY'S 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 WORKED TOGETHER TO PROVIDE A COMPREHENSIVE PACKAGE OF MUSIC EDUCATION PROGRAMS FOR STUDENTS AND TEACHERS IN EAST NASHVILLE'S STRATFORD CLUSTER, SERVING A TOTAL OF 10,720 STUDENTS AND INSTRUCTORS AT EIGHT SCHOOLS. IN FISCAL YEAR 2010, THE SYMPHONY EARNED A $40,000 GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS IN THE CATEGORY OF "LEARNING IN THE ARTS FOR CHILDREN AND YOUTH" TO EXPAND ONE NOTE, ONE NEIGHBORHOOD TO ADDITIONAL SCHOOLS IN NASHVILLE'S PEARL-COHN CLUSTER. 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. DUE TO THE FLOOD IN MAY 2010, THE FREE DAY OF MUSIC WAS POSTPONED UNTIL REPAIRS ON SCHERMERHORN SYMPHONY CENTER COULD BE COMPLETED. OTHER COMMUNITY ENGAGEMENT EFFORTS INCLUDE ONSTAGE AT THE SCHERMERHORN, WHICH GIVES 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 11A ON JANUARY 18, 2011, 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 ON JANUARY 25, 2011. 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 2010. THIS PROCESS INCLUDED ALL OFFICERS AND THE KEY EMPLOYEES FOR THE ORGANIZATION AS RECOMMENDED FROM THE PRIOR YEAR. 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 2010. 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. 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. ALTHOUGH THE AGREEMENT PROVIDED FOR REIMBURSEMENT OF EXPENSES, CCS DID NOT SUBMIT ANY EXPENSES TO THE NASHVILLE SYMHONY FOR REIMBURSEMENT. 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. RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION SCHEDULE L, PART IV, COLUMN (B) TENNESSEAN MARK SILVERMAN, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS VICE PRESIDENT OF THE TENNESSEAN AT THE TIME OF THE TRANSACTION. REGIONS BANK JOHN T. ROCHFORD AND C. KEITH HERRON, DIRECTORS OF NASHVILLE SYMPHONY ASSOCIATION, WERE SERVING AS ADVISORY BOARD MEMBER AND REGIONAL PRESIDENT, RESPECTIVELY, AT THE TIME OF THE TRANSACTION. 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 FINANCIAL PARTNERS ROBERT MCCABE, DIRECTOR OF NASHVILLE SYMPHONY ASSOCIATION, WAS SERVING AS THE CHAIRMAN OF PINNACLE FINANCIAL PARTNERS AT THE TIME OF THE TRANSACTION.