2026-04-14T18:17:02-05:00 2025-05-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2024-06-01 741157373 Houston Symphony Society HOUS 7132244240 615 Louisiana St 102 Houston TX 77002 Elizabeth Condic CFO 7132244240 2026-04-14 1 0 Susanna Blackmon P01226926 7134395739 2026-04-14 2024 2025-03-06 01:10:19Z Gary Ginstling 615 Louisiana St 102 Houston TX 77002 46544193 0 X www.houstonsymphony.org X 1913 TX Orchestral performances, educational programs, and community activities. 109 109 678 675 98216 0 27176966 30835960 11746182 14543101 82392 10882 -220662 -141893 38784878 45248050 0 0 0 0 24541126 26189634 97815 50366 4532958 12306344 14331725 36945285 40571725 1839593 4676325 13065626 6792521 23244408 12294978 -10178782 -5502457 X The mission of the Houston Symphony is to inspire and engage a large and diverse audience in Greater Houston and beyond through exceptional orchestral performances, educational programs and community activities. 0 0 28693746 14334640 Artistic Endeavors: Under Music Director Juraj Valcuha, the Houston Symphony continues its second century inspiring and engaging a large and diverse audience in Houston and beyond through exceptional musical performances and creating enduring impact in the Houston community. Today, with an operating budget of $42 million, the full-time ensemble of professional musicians presents more than 150 concerts annually, making it the largest performing arts organization in Houston. Continued on Schedule O Artistic Endeavors (continued): After the challenges of the Covid-19 pandemic, the Symphony remains committed to livestreaming its 2025-26 Season to a broad audience in over 45 countries and all 50 states, one of few American orchestras dedicated to transmitting live performances to a sizeable audience outside its home city through this technology.Highlights of the 2024-2025 classical season began with Juraj Valcuha opening his third season as Music Director conducting the first of three mini-festivals of the season, entitled Bohemian Rhapsody, featuring Bohuslav Martinu's Czech Rhapsody, and Dvorak's iconic Symphony No. 9, From the New World. Other Valcuha highlights included the Vienna Calling and Fairytales mini-festivals, a concert performance of Bartok's Duke Bluebeard's Castle, and Mahler's Third Symphony. Memorable returning guest artists this season included conductors Christoph Eschenbach, Andres Orozco-Estrada, Matthias Pintscher, Jason Seber, and Michael Tilson Thomas; pianists Yefim Bronfman, Kirill Gerstein, and Daniil Trifonov; violinists James Ehnes, Hilary Hahn, Leila Josefowicz, Simone Lamsma, and Yoonshin Song; violist Joan DerHovsepian; cellists Brinton Averil Smith and Yo-Yo Ma; oboists Jonathan Fischer and Colin Gatwood; clarinetists Mark Nuccio and Christian Schubert; bassoonists Rian Craypo and Elise Wagner; trumpet Byron Stripling, horns Ian Mayton and William VerMeulen; mezzo-soprano Marina Prudenskaya; and vocalists Mandy Gonzalez, Capathia Jenkins, Isabel Marie Sanchez, and Ryan Shaw; and vocal ensembles Pink Martini and Rajaton.Making Houston Symphony subscription concert debuts in the 2024-25 Season were conductors Tabita Berglund, Jonathan Cohen, Domingo Hindoyan, Sir Donald Runnicles, and Dalia Stasevska; pianists Bruce Liu and Cedric Tiberghien; trumpet Pacho Flores; mezzo-soprano Ekaterina Gubanova; baritones Gabor Bretz and Svatopluk Sem; and vocalists Carmen Bradshaw, Dan Domenech, Lena Hall, Chloe Lowery, Leo Manzari, and Jessica Vosk.Steven Reineke launched his eighth season as the Houston Symphony's Principal POPS Conductor with special guest vocalists Capathia Jenkins and Ryan Shaw, performing the greatest hits of Diana Ross and the Supremes, Marvin Gaye, Tammi Terrell, and more in Ain't No Mountain High Enough: The Music of Motown. Triple threat Byron Stripling (conductor, trumpet, and vocals) led the orchestra, vocalist Carmen Bradford, and vocalist/tap dancer Leo Manzari in jazz hits from the era of The Cotton Club, in It Don't Mean a Thing: Swingin' Uptown Classics. Steven Reineke returned to lead the orchestra in traditional carols and holiday favorites in the great Houston holiday tradition: Very Merry POPS, with the Houston Symphony Chorus, and special guest, Broadway's Jessica Vosk. Pink Martini with China Forbes: 30th Anniversary Season rang in the new year, and Reineke returned with guest vocalist Lena Hall for a performance of great Bond themes from Sean Connery through Daniel Craig. Mandy Gonzalez joined Reineke and the orchestra in Showstoppers! Celebrating the Iconic Women of Broadway. Cirque de la Symphonie returned to Jones Hall for Cirque Rocks!, and Steven Reineke led the orchestra and special guest ensemble Rajaton in music from the storied career of the Brothers Gibb in Stayin' Alive: The Bee Gees & Beyond, before closing the POPS season with John Williams & Steven Spielberg: Movie Magic. 4795160 110245 Education and Community Engagement: The Houston Symphony is committed to increasing the quality of life in Houston by addressing priority community issues including education, healthcare, building community between disparate populations, and improving the welfare of underserved populations. The Symphony accomplishes this by presenting an extraordinary range of music education and community engagement programs both inside Jones Hall and in community venues throughout the Greater Houston area. Continued on Schedule OEducation and Community Engagement (continued): Through nearly 1,000 events with Houston Symphony musicians and community-embedded musicians, the Society serves a wide range of Houstonians that reflects the diversity of the city in partnership with schools, community centers, hospitals, and other non-profits. Whether they are students, cancer patients, refugees, or homeless families, we put the people we serve first, asking how music can best meet their needs. Our goal is to remove economic and geographical barriers to music so that Houstonians from all walks of life can benefit from the art form. Traditionally, Houston Symphony Education and Community Engagement programs serve nearly 150,000 Houstonians of all ages and backgrounds each season, and these activities represented an investment of $5.0 million, or more than 13% of the annual organization budget, during the 2024-25 Season. 33488906 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 195 0 1 678 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 109 109 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Elizabeth Condic CPA 7132381465 615 Louisiana St Ste 102 Houston TX 77002 Barbara Burger President 4.00 0.00 X X 0 0 0 Janet Clark Chair 4.00 0.00 X X 0 0 0 John Rydman Immediate Past President 4.00 0.00 X X 0 0 0 Mike Stude Chairman Emeritus 4.00 0.00 X X 0 0 0 Paul Morico General Counsel 4.00 0.00 X X 0 0 0 Barbara McCelvey Secretary, Chair-Development 4.00 0.00 X X 0 0 0 Jonathan Ayre Chair, Finance 4.00 0.00 X X 0 0 0 Brad Corson Chair, Governance & Leadership 4.00 0.00 X X 0 0 0 Evan Glick Chair, Popular Programming 4.00 0.00 X X 0 0 0 Mary Lynn Marks Chair, Volunteers & Special Events 4.00 0.00 X X 0 0 0 Sippi Khurana Chair, Ed. & Communication 4.00 0.00 X X 0 0 0 Robert Orr Chair, Strategic Planning 4.00 0.00 X X 0 0 0 Carey Kirkpatrick Chair, Marketing & Communications 4.00 0.00 X X 0 0 0 Ed Schneider Chair, Community Patnerships 4.00 0.00 X X 0 0 0 Jesse Tutor Chair, Audit Committee 4.00 0.00 X X 0 0 0 Christopher Armstrong Trustee 4.00 0.00 X 0 0 0 Gary Beauchamp Governing Director 4.00 0.00 X 0 0 0 David J Beck Trustee 4.00 0.00 X 0 0 0 James M Bell Jr Trustee 4.00 0.00 X 0 0 0 Carrie Brandsberg-Dahl Trustee 4.00 0.00 X 0 0 0 Nancy Shelton Bratic Trustee 4.00 0.00 X 0 0 0 Terry Ann Brown Trustee 4.00 0.00 X 0 0 0 Eric Brueggeman Governing Director 4.00 0.00 X 0 0 0 Lindsay Buchanan Trustee 4.00 0.00 X 0 0 0 Bill Bullock Governing Director 4.00 0.00 X 0 0 0 Ralph Burch Trustee 4.00 0.00 X 0 0 0 Mary Kathryn Campion Governing Director 4.00 0.00 X 0 0 0 John Cassidy Governing Director 4.00 0.00 X 0 0 0 John T Cater Trustee 4.00 0.00 X 0 0 0 Robert Chanon Trustee 4.00 0.00 X 0 0 0 Heaven Chee Trustee 4.00 0.00 X 0 0 0 Michael H Clark Trustee 4.00 0.00 X 0 0 0 Virginia Clark Trustee 4.00 0.00 X 0 0 0 Aoife Cunningham Trustee 4.00 0.00 X 0 0 0 Andrew Davis Trustee 4.00 0.00 X 0 0 0 Denise Davis Trustee 4.00 0.00 X 0 0 0 Manuel Delgado Trustee 4.00 0.00 X 0 0 0 Allen Deutsch Trustee 4.00 0.00 X 0 0 0 Tracy Dieterich Trustee 4.00 0.00 X 0 0 0 Joan Duff Trustee 4.00 0.00 X 0 0 0 Connie Dyer Trustee 4.00 0.00 X 0 0 0 Kelli Cohen Fein Trustee 4.00 0.00 X 0 0 0 Jeffrey B Firestone Trustee 4.00 0.00 X 0 0 0 Eugene Fong Trustee 4.00 0.00 X 0 0 0 Aggie Foster Trustee 4.00 0.00 X 0 0 0 Julia Anderson Frankel Trustee 4.00 0.00 X 0 0 0 Ronald G Franklin Trustee 4.00 0.00 X 0 0 0 Carolyn Gaidos Trustee 4.00 0.00 X 0 0 0 Lidiya Gold Governing Director 4.00 0.00 X 0 0 0 Claudio Gutierrez Governing Director 4.00 0.00 X 0 0 0 Lorri Harrington Trustee 4.00 0.00 X 0 0 0 Jeff Hiller Trustee 4.00 0.00 X 0 0 0 Grace Ho Trustee 4.00 0.00 X 0 0 0 Gary L Hollingsworth Trustee 4.00 0.00 X 0 0 0 Brian James Trustee 4.00 0.00 X 0 0 0 Dawn James Trustee 4.00 0.00 X 0 0 0 Rick Jaramillo Governing Director 4.00 0.00 X 0 0 0 David J M Key Governing Director 4.00 0.50 X 0 0 0 I Ray Kirk Trustee 4.00 0.00 X 0 0 0 David Krieger Trustee 4.00 0.50 X 0 0 0 Kenny Kurtzman Trustee 4.00 0.00 X 0 0 0 Cindy Levit Governing Director 4.00 0.00 X 0 0 0 Matthew Loden Trustee 4.00 0.00 X 0 0 0 Isabel Stude Lummis Governing Director 4.00 0.00 X 0 0 0 Cora Sue Mach Governing Director 4.00 0.00 X 0 0 0 Steven Mach Trustee 4.00 0.00 X 0 0 0 Michael Mann Trustee 4.00 0.00 X 0 0 0 Rodney Margolis Governing Director 4.00 0.00 X 0 0 0 Elissa Martin Governing Director 4.00 0.00 X 0 0 0 Nancy Martin Trustee 4.00 0.00 X 0 0 0 Jack Matzer Trustee 4.00 0.00 X 0 0 0 Jackie Wolens Mazow Trustee 4.00 0.00 X 0 0 0 Aprill Nelson Trustee 4.00 0.00 X 0 0 0 Leslie Nossaman Governing Director 4.00 0.00 X 0 0 0 Tim Ong Trustee 4.00 0.00 X 0 0 0 Edward C Osterberg Jr Trustee 4.00 0.00 X 0 0 0 Zeljko Pavlovic Trustee 4.00 0.00 X 0 0 0 Chris Powers Governing Director 4.00 0.00 X 0 0 0 Gloria Pryzant Trustee 4.00 0.00 X 0 0 0 Heidi Rockecharlie Governing Director 4.00 0.00 X 0 0 0 Miwa Sakashita Trustee 4.00 0.00 X 0 0 0 Britney Sakowitz Governing Director 4.00 0.00 X 0 0 0 Ted Sarosdy Trustee 4.00 0.00 X 0 0 0 Andrew Schwaitzberg Trustee 4.00 0.00 X 0 0 0 Helen P Shaffer Trustee 4.00 0.00 X 0 0 0 Becky Shaw Trustee 4.00 0.00 X 0 0 0 Ryan Silverman Trustee 4.00 0.00 X 0 0 0 Robert B Sloan Trustee 4.00 0.00 X 0 0 0 Jim R Smith Trustee 4.00 0.00 X 0 0 0 Miles O Smith Trustee 4.00 0.00 X 0 0 0 Quentin Smith Trustee 4.00 0.00 X 0 0 0 Tad Smith Trustee 4.00 0.00 X 0 0 0 Anthony Speier Trustee 4.00 0.00 X 0 0 0 Justin Stenberg Governing Director 4.00 0.00 X 0 0 0 Tina Raham Stewart Trustee 4.00 0.00 X 0 0 0 Nanako Tingleaf Trustee 4.00 0.00 X 0 0 0 William J Toomey II Governing Director 4.00 0.00 X 0 0 0 Betty Tutor Governing Director 4.00 0.00 X 0 0 0 Bobby Tudor Governing Director 4.00 0.00 X 0 0 0 Margaret Waisman Trustee 4.00 0.00 X 0 0 0 Gretchen Watkins Governing Director 4.00 0.00 X 0 0 0 Frederic A Weber Trustee 4.00 0.00 X 0 0 0 Robert Weiner Governing Director 4.00 0.00 X 0 0 0 Vicki West Trustee 4.00 0.00 X 0 0 0 Margaret Alkek Williams Governing Director 4.00 0.00 X 0 0 0 Steven J Williams Trustee 4.00 0.00 X 0 0 0 David J Wuthrich Trustee 4.00 0.00 X 0 0 0 Ellen A Yarrell Trustee 4.00 0.00 X 0 0 0 Robert Yekovich Trustee 4.00 0.00 X 0 0 0 John Mangum Executive Director/CEO (thru 09/24) 40.00 4.00 X 432679 0 39824 Gary Ginstling Executive Director/CEO (as of 02/25) 40.00 4.00 X 0 0 0 Elizabeth Condic CFO, Interim CEO 40.00 4.00 X 281712 0 30989 Victoria Dominguez Chief Operating Officer 40.00 0.00 X 233301 0 20275 Juraj Valcuha Music Director 40.00 0.00 X 658856 0 9823 Yoonshin Song Musician 40.00 0.00 X 362011 0 8377 Mark Nuccio Musician 40.00 0.00 X 232752 0 19928 Jonathan Fischer Musician 40.00 0.00 X 213929 0 8546 Brinton Smith Musician 40.00 0.00 X 209004 0 23081 Bill Vermeulen Musician 40.00 0.00 X 207605 0 27479 2831849 0 188322 87 0 1 0 Capacity Interactive Consulting LLC PO Box 50019 Newark NJ 07101 Marketing 716247 Opus 3 Artists LLC 348 W 57th St Ste 282 New York NY 10019 Artists Agent 553726 Strike Marketing 906 Rutland St Houston TX 77008 Marketing 352550 Levy Food Services 1001 Avenida De Las Americas Houston TX 77010 Catering services 349932 Truist Merchant Services PO Box 200 Wilson NC 27894 Banking services 347621 19 1788048 4606992 237443 24203477 524505 30835960 Ticket sales 711130 13025221 13025221 Education, other programs 711130 1419664 1419664 Advertising revenue 541800 98216 98216 14543101 48045 48045 167402 204565 -37163 -37163 -37163 838055 1788048 1091578 -253523 -253523 Insurance proceeds 900099 111630 111630 111630 45248050 14444885 98216 -131011 X 1482080 646900 433031 402149 19141720 16855650 572635 1713435 1068645 976494 31510 60641 2993978 2570219 45070 378689 1503211 1290245 60795 152171 75837 9791 60243 5803 60754 60754 50366 50366 5681002 5157002 268696 255304 2136273 2020034 1143 115096 257331 141227 29415 86689 580303 361117 63127 156059 1201086 966316 84411 150359 790449 722046 35942 32461 601646 601646 211450 184494 9471 17485 167388 97800 24450 45138 Production equip, mat. 896157 896157 Patron cultivation 724987 63514 8718 652755 Merchant fees 521492 424516 17170 79806 Other expenses 425570 105384 141634 178552 40571725 33488906 2549861 4532958 337587 648522 9499053 3203722 321655 516727 878663 538676 3249506 2038645 1214759 1210861 813909 674013 13065626 6792521 2451854 2716844 4398113 4739572 13359488 2192000 3034953 2646562 23244408 12294978 X -13998863 -8859084 3820081 3356627 -10178782 -5502457 13065626 6792521 4676325 0 X 0 1 X 1 0 X 25222027 26049116 22665031 27176966 30835960 131949100 25222027 26049116 22665031 27176966 30835960 131949100 35812437 96136663 4323 46612 76322 52364 48045 227666 88980 98216 187196 286452 111630 398082 132762044 49484484 0.72410 0.74480 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance proceeds - 2022 Amount: $ 286,452. 2024 Amount: $ 111,630. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99665896 1640464 6955735 4606992 103655103 86515822 8003205 9842762 4695893 99665896 87450933 3382449 -158128 4159432 86515822 90419052 459209 376634 3803962 87450933 73523933 396060 20016760 3517701 90419052 0.00200 0.85372 0.14428 0 1 1 16915 16915 265797 119391 146406 2784694 1878887 905807 182100 40367 141733 1210861 Lease right-of-use assets 674013 674013 Lease right-of-use liabilities 698415 Accounts payable to affiliate 300 Promissory note payable to affiliate 1947847 2646562 Part V, Line 4: Houston Symphony Endowment (the Endowment) was established to support the operations of the Houston Symphony Society (the Society). The Endowment holds contributed funds in perpetuity, invests those funds, and makes contributions from time to time to the Society. Such contributions must meet the stated restrictions of donors as well as the current policies of the Endowment. The Endowment is governed by a Board of Directors who are elected by the officers of the Board of Directors of the Society. X X X X X X X 1 Catapult Fundraising Inc 2651 N Green Valley Pkwy 102 Henderson NV 89014 Telefunding 0 66193 50000 16193 66193 50000 16193 TX Wine Dinner 1108163 762863 345300 24681 137006 243795 Ball 987916 682161 305755 34652 154049 30025 260015 1 530024 343024 187000 173 133968 4500 68714 2626103 1788048 838055 59506 425023 34525 572524 1091578 -253523 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Juraj Valcuha Music Director 157856 0 0 0 501000 0 0 0 9823 0 668679 0 0 0 John Mangum Executive Director/CEO (thru 09/24) 407679 0 25000 0 0 0 16925 0 22899 0 472503 0 0 0 Yoonshin Song Musician 361711 0 300 0 0 0 0 0 8377 0 370388 0 0 0 Elizabeth Condic CFO, Interim CEO 239762 0 41950 0 0 0 14519 0 16470 0 312701 0 0 0 Victoria Dominguez Chief Operating Officer 210001 0 23300 0 0 0 11729 0 8546 0 253576 0 0 0 Mark Nuccio Musician 232452 0 300 0 0 0 0 0 19928 0 252680 0 0 0 Bill Vermeulen Musician 207305 0 300 0 0 0 0 0 27479 0 235084 0 0 0 Brinton Smith Musician 208704 0 300 0 0 0 0 0 23081 0 232085 0 0 0 Jonathan Fischer Musician 213629 0 300 0 0 0 0 0 8546 0 222475 0 0 0 Part I, Line 1a The Society provides the Executive Director a membership to a dining club due to the social and fundraising aspects of his position. The cost of this benefit is reasonable, customary, and necessary. The Society paid a total of $1,185 of membership fees during the current fiscal year. This amount was not treated as taxable compensation. The membership was cancelled in August 2024. Part I, Line 7 The Music Director's other reportable compensation is comprised of conducting fees for each concert he performed in the season and a travel allowance. Lauren Buchanan Trustee sibling 76050 Compensation 0 X 1 7300 FMV X 14 204565 NYSE X Auction items 347 307280 Sales proceeds X Raffle items 12 5360 FMV 1 0 1 0 Form 990, Part VI, Section A, line 1a The Executive Committee of the Society is composed of not more than fifteen of the Governing Directors of the Society, exclusive of ex-officio members. The Executive Committee consists of the Society's President, Chairman of the Board of Trustees, President-Elect (if and when in office), Vice Presidents, General Counsel, Secretary, and such other persons as may be designated annually by the President from among the elected Governing Directors. The Executive Committee has the power to propose the strategic direction of the Society for approval by the Governing Directors, propose any major policy of the Society for approval by the Governing Directors, propose the disposition of the properties and funds of the Society (through the proposal of the Society's budget) to the Governing Directors, make recommendations to the Governing Directors to retain or terminate the employment of the Music Director, and to take such other actions as shall be delegated to the Executive Committee by the Governing Directors from time to time. Form 990, Part VI, Section A, line 2 Betty Tutor, Governing Director and Jesse Tutor, Audit Chair have a family relationship. Cora Sue Mach, Governing Director and Steven Mach, Trustee have a family relationship. Barbara McCelvey, Secretary & Chair of Development and Eric Brueggeman, Governing Director have a family relationship. Janet Clark, Board Chair and Virginia Clark, Trustee have a family relationship. Mike Stude, Chairman Emeritus and Isabel Stude Lummis, Governing Director have a family relationship. Form 990, Part VI, Section A, line 6 Members of the Society are defined as anyone who has contributed, or on whose behalf there has been a contribution of, at least $100. Ten or more members shall constitute a quorum at any meeting. Form 990, Part VI, Section A, line 7a One regular meeting of the members of the Society shall be held each year in the month of May for the purpose of electing a Board of Trustees for the ensuing fiscal year. The Board of Trustees elect the Governing Directors and Officers of the Society. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the Financial Controller and CFO. After internal review, Form 990 is sent to the Governing Directors electronically for their review, questions, and suggested edits. Once their review is complete, the Society electronically files Form 990 with the IRS. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy is provided annually to the Governing Board for their review and signature. If a conflict is noted, the Trustee is asked to recuse himself from any applicable decisions. Form 990, Part VI, Section B, line 15 Annually, Human Resources staff obtain salary surveys for both the Houston area and orchestras of a similar budget size. The information is made available to the Board President. The Compensation Committee, consisting of the Board President, Board Chair and any other members as may be appointed by the Board President, are responsible for reviewing the comparative data and approving the Executive Director/CEO's compensation package. Budget constraints are taken into account. For the Chief Financial Officer and other key employees, annually, Human Resources staff obtain salary surveys for both the Houston area and orchestras of a similar budget size. The information is made available to the Executive Director, who is responsible for approving the compensation packages. Budget constraints are taken into account. Form 990, Part VI, Section C, line 19 The audited financial statements and Form 990 are available on the Houston Symphony website. Governing documents are available upon request through the Symphony offices. Form 990, Part IX, line 11g Prof. fees - Artistic fees: Program service expenses 4,995,070. Management and general expenses 268,696. Fundraising expenses 255,304. Total expenses 5,519,070. Prof. fees - Marketing, education: Program service expenses 161,932. Management and general expenses 0. Fundraising expenses 0. Total expenses 161,932. Houston Symphony Endowment 615 Louisiana St Ste 102 Houston TX 77002 208350227 Support the Houston Symphony TX 501(c)(3) 12a, Type I Houston Symphony Society 1 Foundation for Jones Hall 55 Waugh Dr 601 Houston TX 77007 760202646 Restore Jones Hall TX 501(c)(3) 12a, Type I N/A 0 0 0 1 0 1 0 0 0 0 1 0 1 0 1 1 0 1 0 0 Houston Symphony Endowment C 4606992 Cash Houston Symphony Endowment E 1947847 Promissory note Houston Symphony Endowment Q 400000 Cash Houston Symphony Endowment E 2192000 Loan guarantee