2023-01-23T13:35:51-06:00 2022-05-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2021-06-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ELISE BRUNELLE EXECUTIVE DIRECTOR 8028645741 2023-01-20 1 ELISE BRUNELLE 999009999 CONNIE FELLION P01875413 8026581808 2023-01-20 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z ELISE BRUNELLE 2 CHURCH STREET BURLINGTON VT 05401 3170673 0 X WWW.VSO.ORG X 1938 VT THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 17 17 122 215 0 0 729376 1556162 26045 334301 56547 399367 20043 929 832011 2290759 0 0 0 0 436839 724814 0 0 229739 424497 838059 861336 1562873 -29325 727886 6210340 6301057 295562 333003 5914778 5968054 THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 0 0 793175 205200 FOR FY22: EIGHT CORE PERFORMANCES WITH FULL ORCHESTRA INCLUDED CLASSICAL SERIES, SUMMER FESTIVAL CONCERTS, BURLINGTON DOES BROADWAY AND HOLIDAY POPS. TO THIS WE ADDED THREE VISUALIZER CONCERTS WITH CHAMBER ORCHESTRA. 310373 119759 FOR FY22: 44 STATEWIDE SMALL ENSEMBLE PERFORMANCES TOOK PLACE BOTH INDOORS AND OUTDOORS THROUGHOUT THE YEAR, INCLUDING JUKEBOX, BRASS QUINTET, CLOSE TO HOME, GLORIA CONCERTS AND MORE. 45981 10271 FOR FY22: EDUCATIONAL PROGRAMS SUCH AS YOUNG COMPOSERS, MASTERCLEF, PIANO MASTERCLASS, MUSICIANS IN SCHOOLS, AND MORE TOOK PLACE THROUGHOUT THE YEAR PRIMARILY WITH ELEMENTARY AND MIDDLE SCHOOL STUDENTS STATEWIDE. DUE TO THE ONGOING PANDEMIC, PARTICIPATION OF YOUTH WAS SIGNIFICANTLY CURTAILED. 1149529 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 122 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELISE BRUNELLE 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ELISE BRUNELLE EXECUTIVE DIRECTOR 40.00 X 96474 0 10923 ROBERT KENNY CHAIR 2.00 X X 0 0 0 BETSY BLOOMER VICE CHAIR 2.00 X X 0 0 0 RANDALL SARGENT TREASURER 2.00 X X 0 0 0 VICTORIA YOUNG SECRETARY 2.00 X X 0 0 0 SIMEON ANANOU DIRECTOR 1.00 X 0 0 0 ROBERT DONALD DIRECTOR 1.00 X 0 0 0 LYN LAUFFER DIRECTOR 1.00 X 0 0 0 BRIAN HARWOOD DIRECTOR 1.00 X 0 0 0 LIISA KISSEL DIRECTOR 1.00 X 0 0 0 SHARON REICH PAULSEN DIRECTOR 1.00 X 0 0 0 CATHLEEN CATHY STADECKER DIRECTOR 1.00 X 0 0 0 ABBOTT STARK DIRECTOR 1.00 X 0 0 0 SYNDI ZOOK DIRECTOR 1.00 X 0 0 0 LYNN BARRETT DIRECTOR (START 06/2021) 1.00 X 0 0 0 ALISON CLARKSON DIRECTOR (START 06/2021) 1.00 X 0 0 0 CAROL DEVINE DIRECTOR (START 06/2021) 1.00 X 0 0 0 SALLY RIVARD DIRECTOR (START 06/2021) 1.00 X 0 0 0 MEGAN FRENZEN DIRECTOR (TERM 06/2021) 1.00 X 0 0 0 HARRIET GRENIER DIRECTOR (TERM 06/2021) 1.00 X 0 0 0 VIRGINIA ROTH DIRECTOR (TERM 06/2021) 1.00 X 0 0 0 96474 0 10923 0 0 0 0 0 813084 743078 1556162 PERFORMANCE REVENUES 711130 334301 334301 334301 66268 66268 1213013 879914 333099 333099 333099 MISCELLANEOUS 900099 929 929 929 2290759 335230 0 399367 X 125931 94448 12593 18890 509861 382396 50986 76479 16045 12034 1605 2406 11004 8253 1100 1651 61973 46480 6197 9296 9687 7265 969 1453 15500 11625 1550 2325 30448 30448 258383 193787 25838 38758 130304 97728 13030 19546 24910 18683 2491 3736 7029 5272 703 1054 34799 26099 3480 5220 53071 39803 5307 7961 3674 2756 367 551 7480 5610 748 1122 18094 13571 1809 2714 EQUIPMENT RENTAL AND ST 110751 83063 11075 16613 CONCERT EXPENSES 69196 52107 6836 10253 MISCELLANEOUS 35855 26891 3585 5379 DONOR BENEFITS 18207 13655 1821 2731 10671 8003 1067 1601 1562873 1149529 183605 229739 -10147 19806 166220 24463 266729 264339 46430 244279 2748 59388 272903 224884 45499 48019 5340990 5325131 351871 315632 6210340 6301057 41998 57824 103664 125279 149900 149900 295562 333003 X -44812 62952 5959590 5905102 5914778 5968054 6210340 6301057 X 727886 -650815 -23795 X 0 1 X 1 0 X 852339 945846 1009602 729376 1556162 5093325 852339 945846 1009602 729376 1556162 5093325 302148 4791177 76058 78547 93461 43596 66268 357930 13501 19730 24270 19982 929 78412 5529667 1772343 0.86640 0.85060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2017 AMOUNT: $ 13,501. 2018 AMOUNT: $ 19,730. 2019 AMOUNT: $ 24,270. 2020 AMOUNT: $ 19,982. 2021 AMOUNT: $ 929. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5340990 287680 -294339 9200 5325131 4509229 280175 998866 447280 5340990 4416487 304816 252589 464663 4509229 4485178 160885 125203 354779 4416487 4374593 22895 387690 300000 4485178 0.00000 0.83300 0.16700 1 0 205773 191143 14630 67130 33741 33389 48019 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 60597 INTEREST IN PERPETUAL TRUST 255035 315632 X 1640762 -650815 55061 -23795 -619549 2260311 30448 30448 2290759 1587486 55061 55061 1532425 30448 30448 1562873 PART V, LINE 4: THE ORGANIZATION HAS A NUMBER OF PERMANENTLY RESTRICTED FUNDS WITH SOME SUPPORTING SPECIFIC CONCERTS, SPECIFIC ORCHESTRAL SERVICES AND EDUCATIONAL ACTIVITIES BUT WITH THE MAJORITY SUPPORTING GENERAL OPERATIONS. PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX-EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED MAY 31, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME (LOSS) FROM PERPETUAL TRUST -18,918. INCOME (LOSS) FROM BENEFICIAL INTEREST -4,877. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER (WHO REPORTS TO THE FINANCE COMMITTEE). A FINAL VERSION IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE PROCESS IS MONITORED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT BOARD MEMBERS REVIEW INFORMAL SALARY COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATE THEIR DELIBERATIONS RELATED TO THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER MANAGEMENT STAFF. FORM 990, PART VI, SECTION C, LINE 19 THOUGH THE ORGANIZATION HAS NEVER RECEIVED A REQUEST FOR ITS ORGANIZATIONAL DOCUMENTS OR CONFLICT OF INTEREST POLICY, IT MAKES THESE DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART IX, LINE 11G BOOKKEEPING: PROGRAM SERVICE EXPENSES 8,639. MANAGEMENT AND GENERAL EXPENSES 1,152. FUNDRAISING EXPENSES 1,728. TOTAL EXPENSES 11,519. BANK CHARGES: PROGRAM SERVICE EXPENSES 4,298. MANAGEMENT AND GENERAL EXPENSES 573. FUNDRAISING EXPENSES 860. TOTAL EXPENSES 5,731. ARTISTIC PERSONNEL: PROGRAM SERVICE EXPENSES 180,850. MANAGEMENT AND GENERAL EXPENSES 24,113. FUNDRAISING EXPENSES 36,170. TOTAL EXPENSES 241,133. FORM 990, PART XI, LINE 9: INCOME (LOSS) FROM PERPETUAL TRUST -18,918. INCOME (LOSS) FROM BENEFICIAL INTEREST -4,877.