2025-04-14T13:49:18-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-07-01 566011568 CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC CHAR 7049722003 128 S TRYON STREET 350 CHARLOTTE NC 28202 DAVID JL FISK PRESIDENT & CEO 7049722003 2025-04-11 1 1 BREE-ANN WEIDNER P01319397 7043771678 2023 2025-03-06 01:10:19Z X DAVID JL FISK 128 S TRYON STREET 350 CHARLOTTE NC 28202 17735475 0 X WWW.CHARLOTTESYMPHONY.ORG X 1932 NC THE CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. REACHING OUT THROUGH THE TRANSFORMATIVE POWER OF LIVE MUSIC, THE CHARLOTTE SYMPHONY WILL BE A CIVIC LEADER, REFLECTING AND UNITING OUR REGION. 29 27 317 27 0 0 19343856 13269459 3899873 3925449 104659 79881 7652 167513 23356040 17442302 0 0 0 0 7959273 8990758 151800 160000 864598 4168849 4491509 12279922 13642267 11076118 3800035 29596085 36699975 1875728 3351564 27720357 33348411 THE CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. 0 0 10667828 3745509 SYMPHONY PERFORMANCES: LAST YEAR THE CHARLOTTE SYMPHONY PRESENTED 175 CONCERTS IN 34 VENUES ACROSS THE REGION, REACHING MORE THAN 170,000 MUSIC LOVERS. PROGRAMS RANGED FROM CLASSICAL MASTERWORKS AND POP FAVORITES TO UNDERPERFORMED REPERTOIRE, MOVIES IN CONCERT, AND INFORMAL EVENTS AT BREWERIES AND OTHER NONTRADITIONAL SPACES, AMONG OTHERS. 522543 162659 YOUTH ORCHESTRAS: THE CHARLOTTE SYMPHONY'S FOUR YOUTH ORCHESTRAS OFFER EXTRAORDINARY MUSIC EDUCATION TO THE YOUTH OF CHARLOTTE. THE ENSEMBLES ARE INCLUSIVE, DIVERSE, AND ACCESSIBLE TO ALL STUDENTS, REGARDLESS OF FINANCIAL RESOURCES. GUIDED BY PROFESSIONAL CONDUCTORS AND CSO MUSICIANS, STUDENTS DEVELOP THEIR SKILLS IN A SUPPORTIVE ENVIRONMENT, BUILDING LASTING FRIENDSHIPS THROUGH MUSIC. 81029 17281 COMMUNITY EDUCATION: THE CHARLOTTE SYMPHONY EXPANDS ACCESS TO MUSIC THROUGH PROJECT HARMONY, PROVIDING FREE INSTRUMENTS AND ENSEMBLE TRAINING TO STUDENTS IN TITLE I SCHOOLS ALONGSIDE ARTS+ AT FOUR COMMUNITY SITES. THE CSO ALSO PARTNERS WITH CHARLOTTE BILINGUAL PRESCHOOL TO OFFER EARLY MUSIC INSTRUCTION, FOSTERING A LOVE OF MUSIC IN YOUNG LEARNERS. BEYOND EDUCATION, CSO MUSICIANS BRING MUSIC TO THE UNHOUSED AT ROOF ABOVE, YOUNG PATIENTS AT LEVINE CHILDREN'S HOSPITAL, AND THOSE IN RECOVERY AT ATRIUM HEALTH CAROLINAS REHABILITATION. 11271400 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 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 0 0 0 0 1 40 0 1 317 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NC SC X DAVID JL FISK 7047145100 128 S TRYON STREET SUITE 350 CHARLOTTE NC 28202 DAVID FISK PRESIDENT & CEO 40.00 0.00 X X 276810 0 11101 JENNY TOPILOW DIRECTOR 1.00 0.00 X 53024 0 5067 LINDA MCFARLAND FARTHING CHAIR 1.00 0.00 X X 0 0 0 JOHN WILLIAMS VICE CHAIR 1.00 0.00 X X 0 0 0 RICHARD KRUMDIECK VICE CHAIR 1.00 0.00 X X 0 0 0 MICHAEL ANKROM TREASURER 1.00 0.00 X X 0 0 0 MANNY CLARK SECRETARY 1.00 0.00 X X 0 0 0 JOYE BLOUNT DIRECTOR 1.00 0.00 X 0 0 0 MIKE BUTTERWORTH DIRECTOR 1.00 0.00 X 0 0 0 NICK CLEMENTS DIRECTOR 1.00 0.00 X 0 0 0 CATHERINE CONNOR DIRECTOR 1.00 0.00 X 0 0 0 MARY DELK DIRECTOR 1.00 0.00 X 0 0 0 DENISE DEMAIO DIRECTOR 1.00 0.00 X 0 0 0 SIDNEY FLETCHER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN GOTTEHRER DIRECTOR 1.00 0.00 X 0 0 0 BYRON JOHNS DIRECTOR 1.00 0.00 X 0 0 0 VALERIE KINLOCH DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN MAKRIS DIRECTOR 1.00 0.00 X 0 0 0 ALEX MCKINNON DIRECTOR 1.00 0.00 X 0 0 0 ULRIKE MILES DIRECTOR 1.00 0.00 X 0 0 0 SARA GARCES ROSELLI DIRECTOR 1.00 0.00 X 0 0 0 YLIDA SCOTT DIRECTOR 1.00 0.00 X 0 0 0 MELINDA SNYDER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER SULLIVAN DIRECTOR 1.00 0.00 X 0 0 0 BRIENNE TINDER DIRECTOR 1.00 0.00 X 0 0 0 JENNY TOLSON DIRECTOR 1.00 0.00 X 0 0 0 KEN WALKER DIRECTOR 1.00 0.00 X 0 0 0 KEVIN WALKER DIRECTOR 1.00 0.00 X 0 0 0 LUCIA ZAPATA GRIFFITH DIRECTOR 1.00 0.00 X 0 0 0 CALIN LUPANU CONCERTMASTER 40.00 0.00 X 119769 0 12691 ARAM BRYAN VP LEARNING & COMMUNITY ENGAGEMENT 40.00 0.00 X 129808 0 2894 SHAYNE DOTY VP OF DEVELOPMENT 40.00 0.00 X 171678 0 2480 MICAL HUTSON MARKETING 40.00 0.00 X 140442 0 2721 MICHAEL REICHMAN GENERAL MANAGER 40.00 0.00 X 115837 0 0 1007368 0 36954 6 0 1 0 CHAZIN & COMPANY 9211 CORPORATE BLVD STE 310 ROCKVILLE MD 20850 ACCOUNTING SERVICES 156883 1 1102655 202959 83000 11880845 74603 13269459 SINGLE TICKET SALES 900099 2310964 2310964 SEASON TICKET SALES 900099 796743 796743 OTHER FEE CONCERTS 900099 686673 686673 YOUTH ORCHESTRA 900099 131069 131069 3925449 79881 79881 460686 202959 293173 167513 167513 17442302 3925449 0 247394 373869 188471 185398 6543856 5711628 326918 505310 330072 330072 1011135 989413 21722 731826 640876 41161 49789 14632 14632 229392 229392 160000 160000 292008 111186 175754 5068 549979 548080 1899 298700 75827 192366 30507 121220 45439 60928 14853 186946 2385 184561 302374 277533 15484 9357 24277 24277 58146 17534 40612 THEATER COSTS/STAGEHAND 1194443 1194443 GUEST ARTISTS/CONDUCTOR 916959 916959 INSTRUMENTS & MUSIC 175434 175434 126999 46120 14786 66093 13642267 11271400 1506269 864598 178905 324051 1551134 1741465 14422041 15468688 43147 57473 244300 121903 1504069 353976 660576 1150093 12495982 17836302 29596085 36699975 588109 804682 105579 287392 740000 1990000 442040 269490 1875728 3351564 X 451718 -504902 27268639 33853313 27720357 33348411 29596085 36699975 X 3800035 1828019 X 0 1 X 1 0 X 5950627 9697062 11164243 19343856 13269459 59425247 5950627 9697062 11164243 19343856 13269459 59425247 10439833 48985414 281 247 104659 79881 185068 7652 167513 175165 134673 134673 59920153 14540659 0.81750 0.83460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12060238 4797196 1787976 521289 18124121 11569604 250315 791541 551222 12060238 13378775 55126 -1864297 11569604 10713791 207493 2955418 497927 13378775 10303053 800000 58480 447742 10713791 0.00000 1.00000 0.00000 1 0 771229 266873 504356 732840 87103 645737 1150093 BENEFICIAL INTERESTS IN TRUSTS 17574296 RIGHT-OF-USE ASSETS 262006 17836302 RIGHT-OF-USE LIABILITIES 269490 269490 X 19230278 1787976 1787976 17442302 0 17442302 13602224 -40043 -40043 13642267 0 13642267 PART V, LINE 4: THE CSO'S ENDOWMENT FUNDS CONSIST OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING, BUT NOT LIMITED TO, INSTRUMENT CHAIRS, EDUCATION, AND ONGOING OPERATIONAL EXPENSES. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE SOCIETY HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE WITH RESPECT TO ITS TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. MANAGEMENT BELIEVES THE SOCIETY CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SOCIETY ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE SOCIETY BELIEVES THEY HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE SOCIETY HAS EVALUATED ALL ITS TAX POSITIONS AND DETERMINED IT HAD NO MATERIAL UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30, 2024 OR 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 1,787,976. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -40,043. X X X X X X X 1 VANDEVER BATTEN 1234 JERICHO LANE CHARLOTTE NC 28270 FUNDRAISING CONSULTING 0 8320007 144000 8176007 SCRIBE LLC 8235 COTTSBROOKE DR HUNTERSVILLE NC 28078 GRANTS 0 0 16000 -16000 8320007 160000 8160007 NC SOUNDS OF JOY! 72335 35728 36607 1000 31985 6400 11117 BRAVO! GALA 557860 167231 390629 7000 80309 4800 106845 1 33450 33450 34866 8851 663645 202959 460686 8000 112294 46066 126813 293173 167513 X X X X X 0 0 0 0 0 0 0 0 0 DAVID FISK PRESIDENT & CEO 256810 0 20000 0 0 0 0 0 11101 0 287911 0 0 0 SHAYNE DOTY VP OF DEVELOPMENT 153678 0 18000 0 0 0 0 0 2480 0 174158 0 0 0 X 10 74603 FMV 0 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE YEAR. PART I, LINE 32B: CBC GROUP - MERRILL LYNCH, PIERCE, FENNER & SMITH INC. RECEIVES AND LIQUIDATES STOCK GIFTS ON BEHALF OF CSO. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPLETE FORM 990. UPON THEIR REVIEW AND RECOMMENDATION, A COMPLETE COPY OF THE FORM 990 IS THEN SENT TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS SIGNED ANNUALLY. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE DIRECTOR WITH THE POTENTIAL CONFLICT WILL RECUSE HIM/HERSELF FROM ALL DISCUSSION AND VOTES. FORM 990, PART VI, SECTION B, LINE 13: FOR FY 24 WE HAD ONE CASE REPORTED TO THE WHISTLEBLOWER HOTLINE ON 5/8/24 FOR VIOLATION OF POLICY. THE INCIDENT WAS INVESTIGATED AND THERE WERE NO FINDINGS INDICATING A VIOLATION OF OUR POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS AN EMPLOYMENT AGREEMENT WITH THE CEO THAT PROVIDES FOR ALL ASPECTS OF THE CEO'S COMPENSATION AND BENEFITS PACKAGE. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CEO'S PERFORMANCE AGAINST AGREED GOALS AND KPIS, AND REVIEWS COMPENSATION. IN DETERMINING COMPENSATION LEVEL, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE DATA FOR ORCHESTRAS WITH A SIMILAR BUDGET AND SCOPE AS DETERMINED BY THE FIELD'S NATIONAL ASSOCIATION, THE LEAGUE OF AMERICAN ORCHESTRAS, AS WELL AS COMPENSATION FOR ARTS AND CULTURE LEADERS IN THE LOCAL GEOGRAPHIC REGION. FOR ALL OTHER EMPLOYEES, THE BOARD OF DIRECTORS APPROVES AN OVERALL ADMINISTRATIVE BUDGET INCLUDING STAFF SALARIES. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INSPECTION FINANCIAL STATEMENTS, INCLUDING LATEST AUDITED STATEMENTS AND FORM 990, ARE POSTED ON THE CSO'S WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 1,787,976. BAD DEBT EXPENSE 40,043.