2023-03-21T14:05:58-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2021-07-01 566011568 CHARLOTTE SYMPHONY ORCHESTRA SOCIETY INC CHAR 7049722003 128 S TRYON STREET 300 CHARLOTTE NC 28202 DAVID JL FISK PRESIDENT & CEO 7049722003 2023-03-21 1 DAVID JL FISK 999009999 AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID JL FISK 128 S TRYON STREET 300 CHARLOTTE NC 28202 14532885 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. 23 21 227 25 0 0 9697062 11164243 447696 3324242 247 0 -32952 -157236 10112053 14331249 0 0 0 0 6594762 7723285 0 146662 830844 1793014 3461830 8387776 11331777 1724277 2999472 18938892 18656267 3376957 2509597 15561935 16146670 X THE CHARLOTTE SYMPHONY UPLIFTS, ENTERTAINS, AND EDUCATES THE DIVERSE COMMUNITIES OF CHARLOTTE-MECKLENBURG AND BEYOND THROUGH EXCEPTIONAL MUSICAL EXPERIENCES. CSO IS COMMITTED TO PROVIDING EXCEPTIONAL MUSICAL EXPERIENCES BOTH ON OUR MAIN STAGES AND OUTSIDE THE CONCERT HALL. CORE PROGRAMMING RUNS SEPTEMBER THROUGH JUNE AND FEATURES CLASSICAL, POPS, FAMILY AND MOVIES IN CONCERT PROGRAMS. IN ADDITION TO MAINSTAGES, THE CSO PERFORMS IN COMMUNITY CENTERS, SCHOOLS, AND SENIOR CARE CENTERS. 0 0 8616656 3183864 SYMPHONY PERFORMANCES - LAST YEAR THE CHARLOTTE SYMPHONY OFFERED 94 PERFORMANCES FOR 102,000 PATRONS. EVENTS INCLUDED VIRTUAL AND IN-PERSON PERFORMANCES OF CLASSICAL MASTERWORKS, POPS FAVORITES, INFORMAL CONCERTS IN LOCAL BREWERIES, AND VIRTUAL EDUCATIONAL CONCERTS FOR THOUSANDS OF CHILDREN. 303457 77268 YOUTH ORCHESTRAS - WITH THE BELIEF THAT MAKING MUSIC IS A RIGHT, NOT A PRIVILEGE, WE ACTIVELY NURTURE THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS BY SUPPORTING TWO YOUTH ORCHESTRAS FOCUSED ON DUAL GOALS OF EXTRAORDINARY MUSIC EDUCATION AND DIVERSITY, EQUITY AND INCLUSION. WE PROVIDE A NURTURING ENVIRONMENT FOR OUR YOUNG MUSICIANS TO CREATE LASTING BONDS THROUGH MUSIC AND FRIENDSHIP, AND INSTILL THE VALUES OF COMMUNITY SERVICE THROUGH MUSIC. 102028 63110 COMMUNITY EDUCATION - AN INTENSIVE AFTERSCHOOL YOUTH PROGRAM FOCUSED ON CHARLOTTE'S CHILDREN WITH THE GREATEST NEEDS AND FEWEST RESOURCES, PROJECT HARMONY IS A MUSIC AND LEADERSHIP PROGRAM AIMED AT EXPANDING THE VISION OF WHAT IS POSSIBLE FOR OUR AREA YOUTH. CHILDREN ARE GIVEN FREE INSTRUMENTS, ORCHESTRA ENSEMBLE TRAINING, AND ACADEMIC SUPPORT. 9022141 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 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 32 0 1 227 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 NC SC X DAVID JL FISK 7047145100 128 S TRYON STREET SUITE 350 CHARLOTTE NC 28202 MELISSA ANDERSON DIRECTOR 1.00 X 0 0 0 MICHAEL ANKROM DIRECTOR 1.00 X 0 0 0 JOHN BARQUIN VICE CHAIRPERSON 1.00 X X 0 0 0 MELODY BIRMINGHAM DIRECTOR 1.00 X 0 0 0 BRIAN BRIDGFORD DIRECTOR 1.00 X 0 0 0 THOMAS BURGE DIRECTOR/MUSICIAN 13.00 X 45022 0 4847 WILTON CONNOR DIRECTOR 1.00 X 0 0 0 MARY DELK DIRECTOR 1.00 X 0 0 0 LINDA FARTHING DIRECTOR 1.00 X 0 0 0 ELLEN FITZSIMMONS DIRECTOR 1.00 X 0 0 0 RICHARD KRUMDIECK DIRECTOR 1.00 X 0 0 0 DAVID LEITCH DIRECTOR 1.00 X 0 0 0 YIH-HAN MA DIRECTOR 1.00 X 0 0 0 ALEX MCKINNON DIRECTOR 1.00 X 0 0 0 ULRIKE MILES DIRECTOR 1.00 X 0 0 0 GLENN MINCEY DIRECTOR 1.00 X 0 0 0 KIM PARKER CHAIRPERSON 1.00 X X 0 0 0 TORSTEN PILZ DIRECTOR 1.00 X 0 0 0 MIKE RUTLEDGE DIRECTOR 1.00 X 0 0 0 ROBERT RYDEL DIRECTOR/MUSICIAN 13.00 X 46666 0 8334 MELINDA SNYDER DIRECTOR 1.00 X 0 0 0 ELIZABETH CONNOR STEWART DIRECTOR 1.00 X 0 0 0 JENNIFER SULLIVAN DIRECTOR 1.00 X 0 0 0 JENNY TOLSON DIRECTOR 1.00 X 0 0 0 KEVIN WALKER TREASURER 1.00 X X 0 0 0 JOHN WILLIAMS DIRECTOR 1.00 X 0 0 0 SHANTE WILLIAMS DIRECTOR 1.00 X 0 0 0 DAVID FISK PRESIDENT & CEO 60.00 X 226150 0 4374 CHRISTOPHER WARREN-GREEN MUSIC DIRECTOR 30.00 X 217900 0 0 CALIN LUPANU CONCERTMASTER 40.00 X 100834 0 9006 636572 0 26561 3 0 1 0 BOB CARTER COMPANIES 2145 14TH AVENUE STE 26 VERO BEACH FL 32960 CAMPAIGN CONSULTING SERVICES 140363 CHAZIN & COMPANY 9211 CORPORATE BLVD STE 310 ROCKVILLE MD 20850 ACCOUNTING SERVICES 119416 LAKE PRINTING 5015 WEST WT HARRIS BLVD STE F CHARLOTTE NC 28269 PRINTING SERVICES 111007 3 441975 377441 3849400 6495427 73471 11164243 SINGLE TICKET SALES 900099 1972914 1972914 SEASON TICKET SALES 900099 781065 781065 OTHER FEE CONCERTS 900099 429885 429885 YOUTH ORCHESTRA 900099 140378 140378 3324242 44400 377441 201636 -157236 -157236 14331249 3324242 0 -157236 400439 306983 93456 5415990 4641059 354875 420056 259433 259433 1037443 911031 76913 49499 609980 535875 31850 42255 44763 44763 240597 240597 146662 146662 229228 4402 164473 60353 473562 443360 17881 12321 227886 22700 155405 49781 69053 19132 35265 14656 176364 10328 166036 6336 572 5753 11 12718 4371 7943 404 29713 29713 38863 11470 27393 THEATER COSTS/STAGEHAND 1147105 1147105 GUEST ARTISTS/CONDUCTOR 628552 628552 INSTRUMENTS & MUSIC 73941 73941 63149 1827 26476 34846 11331777 9022141 1478792 830844 174572 169817 1362550 1505026 2611375 4516561 184447 150014 55536 122811 937458 315024 673710 622434 13876702 11569604 18938892 18656267 873383 801869 2503574 357728 1350000 3376957 2509597 X 1336055 2107803 14225880 14038867 15561935 16146670 18938892 18656267 X 2999472 -2414737 X 0 1 X 1 1 1 X 7298457 7664642 5950627 9697062 11164243 41775031 7298457 7664642 5950627 9697062 11164243 41775031 163572 41611459 1220 365 281 247 2113 7707 36560 44267 41821411 14429995 0.99500 0.96220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13378775 55126 -1864297 11569604 10713791 207493 2955418 497927 13378775 10303053 800000 58480 447742 10713791 9823482 927057 333783 781269 10303053 10410038 10842 775807 1373205 9823482 1.00000 1 0 255221 234163 21058 682237 80861 601376 622434 BENEFICIAL INTERESTS IN TRUSTS 11569604 11569604 X 14331249 0 14331249 0 14331249 13746514 2414737 2414737 11331777 0 11331777 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, 2022 AND 2021. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 550,440. CHANGE IN BENEFICIAL INTERESTS IN TRUSTS 1,864,297. X X X X X X X 1 BOB CARTER COMPANIES 2145 14TH AVENUE STE 26 VERO BEACH FL 32960 FUNDRAISING CONSULTING 0 126315 146662 -20347 126315 146662 -20347 NC SOUNDS OF JOY! 213820 189420 24400 32377 81005 7779 BRAVO! GALA 208021 188021 20000 4000 15000 3500 57975 421841 377441 44400 4000 15000 32377 84505 65754 201636 -157236 X X X X X 0 0 0 0 0 0 0 0 0 DAVID FISK PRESIDENT & CEO 226150 0 0 0 0 0 0 0 4374 0 230524 0 0 0 CHRISTOPHER WARREN-GREEN MUSIC DIRECTOR 217900 0 0 0 0 0 0 0 0 0 217900 0 0 0 X 10 73471 FMV 0 0 1 1 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 DRAFT OF THE FORM 990. UPON THEIR REVIEW AND RECOMMENDATION, A PUBLIC DISCLOSURE 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 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 -1,864,297. BAD DEBT EXPENSE -550,440.