2025-05-07T14:19:28-05:00 2024-06-30 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-07-01 362167823 Chicago Symphony Orchestra CHIC 3122943333 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 3122943301 2025-05-05 1 1 Rebekuh Eley P01247672 3126343400 2025-05-05 2023 2025-03-06 01:10:19Z Jeff Alexander 220 S Michigan Avenue Chicago IL 606042559 369516247 0 X www.cso.org X 1890 IL See Schedule O - Supplemental Information.With the Chicago Symphony Orchestra at its core, the mission of the Chicago Symphony Orchestra Association is to enrich, inspire and transform lives through music, community engagement and education - locally, nationally and internationally. 123 122 1170 861 -54741 0 24278183 71465790 29251034 31725287 27140395 22081209 158110 197161 80827722 125469447 0 0 0 0 52682226 54321705 285301 219655 4498311 32633656 34080272 85601183 88621632 -4773461 36847815 515186651 581822920 172435879 161517516 342750772 420305404 X With the Chicago Symphony Orchestra at its core, the mission of the Chicago Symphony Orchestra Association is to enrich, inspire and transform lives through music, community engagement and education - locally, nationally and internationally. 0 0 55075741 0 26682587 Chicago Symphony Orchestra Concerts - During the 2023/24 Season, the Chicago Symphony Orchestra performed over 130 live concerts. A highlight of the season was the appointment of the CSO's 11th music director in its 133-year history, Klaus Makela, who conducted concerts in April. Now Zell Music Director Designate, he begins his initial five-year tenure as Zell Music Director in September 2027. Music Director Emeritus for Life Riccardo Muti led three programs in Chicago, two performances at Carnegie Hall, and the Orchestra's 64th international and 35th European tour. He also conducted the world premiere of a CSO commission by Philip Glass. In her final season as Mead Composer-in-Residence, Jessie Montgomery completed her third CSO-orchestral commission, Procession, a percussion concerto. More than 60 guest soloists and conductors appeared with the Orchestra, including 14 who made their CSO debuts. In addition, four Orchestra members performed as concerto soloists: Robert Chen, Stefan Ragnar Hoskuldsson, William Welter and Cynthia Yeh. CSO Artist-in-Residence Hilary Hahn performed Brahm's Violin Concerto to conclude her three-year term. Other highlights include a collaboration with the Jazz at Lincoln Center Orchestra with Wynton Marsalis, the world premiere of a CSO commission by American composer Lowell Liebermann, and performances with Japanese composer and conductor Joe Hisaishi. The Chicago Symphony Chorus performed works by Brahms, Holst, Handel, Mendelssohn and John Williams. 4278166 0 3838753 Symphony Center Presents Concerts - The Chicago Symphony Orchestra Association offers concerts by acclaimed guest artists in the fields of jazz, classical, world and folk music as part of the Symphony Center Presents series. The 23/24 Season featured over 30 concerts, including recital debuts by pianists Bruce Liu and Lucas and Arthur Jussen; three visiting orchestras, the Staatskapelle Berlin, Bavarian Radio Orchestra and Mahler Chamber Orchestra; and the SCP Jazz series debut of Samara Joy. Christian McBride led a musical tribute to civic rights icons and the all-Black Gateways Festival Orchestra also made its debut. Other artists and ensembles featured on the series included Eliades Ochoa, Anoushka Shankar, "The President's Own" United States Marine Band, Herbie Hancock, Evgeny Kissin and Yo-Yo Ma. 2426431 0 75433 Civic Orchestra of Chicago - The Civic Orchestra of Chicago, the CSO's prestigious training program for young professional musicians, presented seven programs in Orchestra Hall and community venues, including South Shore Cultural Center, Nicholas Senn High School, Kenwood Academy High School and Fourth Presbyterian Church. In addition to gaining performance experience, Civic musicians participated in coaching sessions and workshops with Principal Conductor Ken-David Masur, CSO musicians and guest artists. Eleven Fellows participated in the Civic Fellowship program, which provides select Civic members with supplemental training in artistic planning, music education, social justice and project management. Civic Fellows collaborated with the Chicago Refugee Coalition in a new partnership this season. 233239 0 197830 Retail Sales - Music-related merchandise is available for purchase at The Symphony Store and online. 454452 0 30594 Media and Royalty - Radio Broadcast series, in-house recording label, audio recordings in compact disc and digital download formats. 1002916 0 684050 Rentals, Commissions, and Restaurant - Hall Rentals - Performance space provided to Chicagoland arts organizations. 95350 0 420000 Rentals, Commissions, and Restaurant - Parking Lot provided for audiences' convenience to attend concerts. 1365590 0 -517585 Rentals, Commissions, and Restaurant - A dining club and concessions are provided for audiences attending concerts and catering is provided for certain internal events. 2285687 0 316218 Education Concerts and Activities - Across Chicago and around the world, the Negaunee Music Institute connects people to the extraordinary resources of the Chicago Symphony Orchestra. In the 2023/24 Season, the NMI presented 36 CSO for Kids concerts at Symphony Center, reaching 13,000 Chicago Public School students in 149 CPS schools. Training programs and performance opportunities for young musicians included the Crain-Maling Foundation CSO Young Artists Competition, Chicago Youth in Music Festival, Percussion Scholarship Program, Young Composers Initiative and partnerships with local schools and the Chicago Musical Pathways Initiative. The NMI continued to co-present Notes for Peace, a songwriting project that empowers parents who have lost children to gun violence to create original songs of tribute. 109104 0 195237 Other Program Services - Program Book Advertising 5546338 0 1326344 67326676 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 214 0 1 1170 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 123 122 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL IA KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X Stacie M Frank VP and CFO 3122943301 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 40.00 X X 898151 0 55318 Mary Louise Gorno Chair 1.50 X X 0 0 0 Chester A Gougis Vice Chair 0.20 X X 0 0 0 Steven Shebik Vice Chair 1.10 X X 0 0 0 Helen Zell Vice Chair 0.80 X X 0 0 0 Renee Metcalf Treasurer 0.50 X X 0 0 0 William Adams IV Life Trustee 0.60 X 0 0 0 Mrs Robert A Beatty Life Trustee 0.10 X 0 0 0 Arnold M Berlin Life Trustee 0.10 X 0 0 0 Laurence O Booth Life Trustee 0.10 X 0 0 0 William G Brown Life Trustee 0.10 X 0 0 0 Dean L Buntrock Life Trustee 0.10 X 0 0 0 Bruce E Clinton Life Trustee 0.10 X 0 0 0 Richard W Colburn Life Trustee 0.30 X 0 0 0 Richard H Cooper Life Trustee 0.10 X 0 0 0 Anthony T Dean Life Trustee 0.10 X 0 0 0 Debora de Hoyos Life Trustee 0.30 X 0 0 0 Charles Douglas Life Trustee (until 9/8/23) 0.10 X 0 0 0 John A Edwardson Life Trustee 0.10 X 0 0 0 Thomas J Eyerman Life Trustee 0.10 X 0 0 0 James B Fadim Life Trustee 0.40 X 0 0 0 David W Fox Sr Life Trustee 0.10 X 0 0 0 Cyrus F Freidheim Jr Life Trustee 0.20 X 0 0 0 Mrs Robert W Galvin Life Trustee 0.10 X 0 0 0 Paul C Gignilliat Life Trustee 0.20 X 0 0 0 Joseph B Glossberg Life Trustee 0.30 X 0 0 0 Richard C Godfrey Life Trustee 0.10 X 0 0 0 William A Goldstein Life Trustee 0.30 X 0 0 0 Howard L Gottlieb Life Trustee 0.10 X 0 0 0 Mary Winton Green Life Trustee 0.10 X 0 0 0 Dietrich Gross Life Trustee (until 1/8/24) 0.10 X 0 0 0 David P Hackett Life Trustee 0.10 X 0 0 0 Joan W Harris Life Trustee 0.10 X 0 0 0 John H Hart Life Trustee 0.10 X 0 0 0 Thomas C Heagy Life Trustee 0.10 X 0 0 0 Jay L Henderson Life Trustee 0.30 X 0 0 0 William R Jentes Life Trustee 0.20 X 0 0 0 Paul R Judy Life Trustee (until 2/24/24) 0.10 X 0 0 0 Richard B Kapnick Life Trustee 0.10 X 0 0 0 Donald G Kempf Jr Life Trustee 0.10 X 0 0 0 Mrs John C Kern Life Trustee 0.10 X 0 0 0 Robert Kohl Life Trustee 0.30 X 0 0 0 Josef Lakonishok Life Trustee 0.20 X 0 0 0 Charles Ashby Lewis Life Trustee 0.10 X 0 0 0 Eva F Lichtenberg Life Trustee 0.10 X 0 0 0 John S Lillard Life Trustee (until 1/30/24) 0.10 X 0 0 0 John F Manley Life Trustee 0.20 X 0 0 0 Ling Z Markovitz Life Trustee 0.20 X 0 0 0 R Eden Martin Life Trustee 0.10 X 0 0 0 Arthur C Martinez Life Trustee 0.10 X 0 0 0 Judith W McCue Life Trustee 0.30 X 0 0 0 Lester H McKeever Life Trustee 0.10 X 0 0 0 David E McNeel Life Trustee 0.40 X 0 0 0 James J O'Connor Life Trustee (until 7/31/23) 0.10 X 0 0 0 William A Osborn Life Trustee 0.20 X 0 0 0 Mrs Albert Pawlick Life Trustee 0.10 X 0 0 0 Jane DiRenzo Pigott Life Trustee 0.30 X 0 0 0 John M Pratt Life Trustee 0.10 X 0 0 0 Dr Irwin Press Life Trustee 0.10 X 0 0 0 John W Rogers Jr Life Trustee 0.10 X 0 0 0 Jerry Rose Life Trustee 0.10 X 0 0 0 Frank A Rossi Life Trustee 0.20 X 0 0 0 Earl J Rusnak Jr Life Trustee (until 2/14/24) 0.10 X 0 0 0 John R Schmidt Life Trustee 0.20 X 0 0 0 Thomas C Sheffield Jr Life Trustee 0.20 X 0 0 0 Robert C Spoerri Life Trustee 0.10 X 0 0 0 Carl W Stern Life Trustee 0.10 X 0 0 0 William H Strong Life Trustee 0.10 X 0 0 0 Louis C Sudler Jr Life Trustee 0.10 X 0 0 0 Richard L Thomas Life Trustee 0.20 X 0 0 0 Richard P Toft Life Trustee 0.10 X 0 0 0 Penny Van Horn Life Trustee 0.20 X 0 0 0 Paul R Wiggin Life Trustee 0.30 X 0 0 0 John Aalbregtse Trustee 0.80 X 0 0 0 Peter J Barack Trustee 0.30 X 0 0 0 H Rigel Barber Trustee 0.10 X 0 0 0 Randy Lamm Berlin Trustee 0.10 X 0 0 0 Roderick Branch Trustee 0.10 X 0 0 0 Kay Bucksbaum Trustee 0.10 X 0 0 0 Robert J Buford Trustee 0.40 X 0 0 0 Johannes Burlin Trustee 0.30 X 0 0 0 Leslie Henner Burns Trustee 0.80 X 0 0 0 Debra A Cafaro Trustee (until 3/14/24) 0.10 X 0 0 0 Marion A Cameron-Gray Trustee 0.10 X 0 0 0 George P Colis Trustee 0.30 X 0 0 0 Keith S Crow Trustee 0.20 X 0 0 0 Stephen V D'Amore Trustee 0.10 X 0 0 0 Timothy A Duffy Trustee 0.30 X 0 0 0 Brian W Duwe Trustee 0.10 X 0 0 0 Charles Emmons Jr Trustee 0.60 X 0 0 0 Judith E Feldman Trustee 0.50 X 0 0 0 Jennifer Goldstein Trustee 0.10 X 0 0 0 Graham C Grady Trustee 0.20 X 0 0 0 John Holmes Trustee 0.20 X 0 0 0 Lori Julian Trustee 0.40 X 0 0 0 Neil T Kawashima Trustee 0.20 X 0 0 0 Geraldine Keefe Trustee 0.10 X 0 0 0 Donna L Kendall Trustee 0.20 X 0 0 0 Thomas G Kilroy Trustee 0.20 X 0 0 0 Randall S Kroszner Trustee 0.10 X 0 0 0 Patty Lane Trustee 0.20 X 0 0 0 Susan C Levy Trustee 0.20 X 0 0 0 Vikram Luthar Trustee 0.20 X 0 0 0 Britt M Miller Trustee 0.10 X 0 0 0 Sharon Mitchell Trustee 0.10 X 0 0 0 Toni Marie Montgomery Trustee 0.20 X 0 0 0 Mary Pivirotto Murley Trustee 0.40 X 0 0 0 Sylvia Neil Trustee 0.20 X 0 0 0 Christopher O'Herlihy Trustee 0.10 X 0 0 0 Santa J Ono Trustee 0.10 X 0 0 0 Gerald L Pauling II Trustee 0.50 X 0 0 0 Col Jennifer N Pritzker Trustee 0.10 X 0 0 0 Dr Don M Randel Trustee 0.20 X 0 0 0 Dr Mohan Rao Trustee 0.20 X 0 0 0 Melissa M Root Trustee 0.20 X 0 0 0 Burton X Rosenberg Trustee 0.20 X 0 0 0 E Scott Santi Trustee 0.10 X 0 0 0 Marlon R Smith Trustee 0.30 X 0 0 0 Walter Snodell Trustee 0.20 X 0 0 0 Dr Eugene Stark Trustee 0.30 X 0 0 0 Daniel E Sullivan Jr Trustee 0.20 X 0 0 0 Scott C Swanson Trustee 0.10 X 0 0 0 Nasrin Thierer Trustee 0.20 X 0 0 0 Lisa Thomas Trustee 0.60 X 0 0 0 Terrence J Truax Trustee (until 10/5/23) 0.10 X 0 0 0 Frederick H Waddell Trustee 0.40 X 0 0 0 Paul S Watford Trustee 0.40 X 0 0 0 Craig R Williams Trustee 0.20 X 0 0 0 Robert A Wislow Trustee 0.30 X 0 0 0 Ann Marie Wright Trustee 0.20 X 0 0 0 Gifford R Zimmerman Trustee 0.20 X 0 0 0 Stacie M Frank VP, CFO, & Assistant Treasurer 40.00 X 315880 0 28809 Dale Hedding VP for Development 40.00 X 320202 0 23576 Kristine Stassen Secretary 40.00 X 79303 0 22383 Vanessa Moss VP for Operations 40.00 X 279237 0 31928 Robert Chen Concertmaster 40.00 X 566546 0 79240 Riccardo Muti Music Director 40.00 X 628175 0 0 Stephen Williamson Principal Clarinet 40.00 X 332961 0 75867 Esteban Batallan Cons Principal Trumpet 40.00 X 355107 0 51963 John Sharp Principal Cello 40.00 X 329302 0 74949 4104864 0 444033 134 0 1 0 TravTours 71-703 Highway 111 Suite 2E Rancho Mirage CA 92270 Travel Services 2346148 Riccardo Muti 220 S Michigan Avenue Chicago IL 606042559 Artist Performances 1931174 Levy Restaurant 980 N Michigan Avenue Chicago IL 60611 Restaurant, Concessions Stand Services 1433733 Allied Advertising Limited Partnership 55 Cambridge Parkway Suite 200 Boston MA 02142 Marketing Print, Media Services 1313644 McDermott Will & Emery LLP 444 W Laket Street Suite 4000 Chicago IL 60606 Legal Services 781889 31 1880978 400000 69184812 4032842 71465790 Ticket Sales 711130 23004033 23004033 Performance/Streaming Fees 711130 6624717 6624717 Other Program Related Revenue 711130 1249236 1249236 Facility Rental Revenue 711130 684050 684050 Parking Lot Rental Revenue 711130 420000 420000 -256749 48615 195236 -500600 31725287 9776793 9776793 174415 333104 -158689 -158689 -158689 255232029 1215 242928828 0 12303201 1215 12304416 -215360 12519776 608877 1880978 574929 33948 33948 531841 209939 321902 197830 124072 125469447 31808481 -54741 22249917 2055238 325131 1376355 353752 39951958 34391901 3504447 2055610 2620392 2440133 113816 66443 7031285 5474401 1028280 528604 2662832 2144900 344456 173476 403745 505451 -101706 170846 170846 219655 219655 1066923 1066923 7975553 6863468 1097458 14627 3799684 3331730 241374 226580 845654 481689 231826 132139 530580 302221 145452 82907 2912755 2351601 262996 298158 3042270 2911697 87696 42877 62929 27740 3595 31594 5642868 5642868 3799675 3486489 313186 365074 365074 Credit Card Fees 944327 875652 8330 60345 Music License Fees & In 876892 721625 155031 236 Equipment Rentals 277951 277951 Catering 207182 93024 21431 92727 1155364 319872 716911 118581 88621632 67326676 16796645 4498311 1254402 2167440 7452604 7133640 29407854 44574446 687668 1144410 158348 165762 1479453 1421108 183486954 112242112 72968106 71244842 305753015 354783057 95683693 98746202 341508 442013 515186651 581822920 6992382 8491811 11250118 11802572 119373380 117112793 34819999 24110340 172435879 161517516 X 99333690 140199153 243417082 280106251 342750772 420305404 515186651 581822920 X 36847815 33225516 7481301 X 0 1 X 1 0 X 37636059 49216933 62198360 24278183 71465790 244795325 37636059 49216933 62198360 24278183 71465790 244795325 55032829 189762496 4984289 4103490 4774794 6778186 9776793 30417552 435185 82651 0 55282 33948 607066 275819943 108562997 0.68800 0.73290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 373349000 25262000 50888000 18357000 431142000 359969000 1238000 30116000 17974000 373349000 403275000 17516000 -45302000 15520000 359969000 309653000 15890000 93768000 16036000 403275000 323051000 5327000 -3464000 15261000 309653000 0.39900 0.47500 0.12600 0 0 25475169 25475169 126705055 88964506 37740549 206106 133255 72851 15707530 14218346 1489184 15393094 8926005 6467089 71244842 Alternative investments - Absolute return 33099403 F Private equity 44667102 F Real assets 12319491 F Beneficial interest in trust 8660206 F 98746202 Pension benefits 18499917 Other long-term liabilities 1185218 Interest rate swap contracts 4425205 24110340 X 165298091 33225516 783408 5769887 39778811 125519280 1066923 -1116756 -49833 125469447 87743459 783408 -594658 188750 87554709 1066923 1066923 88621632 Part V, Line 4: The Investment Committee, which oversees all the Corporation's investments, operates under investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs, while seeking to maintain the purchasing power of the endowment assets. Under these policies, the endowment assets are invested in a manner that, over time, will meet the long-term objective of a 5 percent real return on assets. The Corporation's policy is to preserve the historical dollar value of permanently restricted contributions, and to use any of the investment returns as is prudent considering the Corporation's long- and short-term needs, resources, duration and preservation of donor-restricted endowment funds, donor restrictions, expected total return on its investments, price level trends, general economic conditions, and investment policies. Part X, Line 2: The Corporation follows the standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation, continued tax-exempt status of bonds payable, and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting periods presented in the financial statements. The Corporation files Form 990 in the U.S. federal jurisdiction and the state of Illinois. Part XI, Line 2d - Other Adjustments: Change in Pension Plan Assets and Benefit Obligations 5,769,887. Part XI, Line 4b - Other Adjustments: Rental Expenses (Part VIII, Line 6b) -333,104. Cost of Goods Sold (Part VIII, Line 10b) -209,939. Gain (Loss) on Sale of Other Assets (Part VIII, Line 7c(ii)) 1,215. Special Events Expense (Part VIII, Line 8b) -574,928. Part XII, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 333,104. Cost of goods sold (Part VIII, Line 10b) 209,939. Gain (loss) on sale of other assets (Part VIII, Line 7c(ii)) -1,215. Interest Rate Swap -1,711,414. Special Events Expense (Part VIII, Line 8b) 574,928. Central America and the Caribbean 0 0 Alternative Investments (Hedged Equity, Absolute Return and Private Equity) in the Cayman Islands. 42564310 Europe (Including Iceland & Greenland) 0 0 Program Services European Tour - Chicago Symphony Orchestra performed 14 concerts in Brussels, Essen, Frankfurt, Vienna, Budapest, Torino, Milan, Rome, Luxembourg, Paris, and Cologne. 3078806 0 0 0 0 0 0 45643116 0 45643116 1 0 1 1 1 0 X X X X X X X 1 DCM Inc 261 West 35th Street Suite 600 New York NY 10001 Telefundraising Campaigns 0 475816 219655 256161 475816 219655 256161 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Symphony Ball 1052555 889192 163363 7537 176113 11925 124618 Corporate Night 653629 480386 173243 11306 50817 500 25795 4 783671 511400 272271 103056 2125 61137 2489855 1880978 608877 18843 329986 14550 211550 574929 33948 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Jeff Alexander President 786602 0 100500 0 11049 0 35000 0 20318 0 953469 0 0 0 Robert Chen Concertmaster 566270 0 0 0 276 0 28485 0 50755 0 645786 0 0 0 Riccardo Muti Music Director 628175 0 0 0 0 0 0 0 0 0 628175 0 0 0 Stephen Williamson Principal Clarinet 332685 0 0 0 276 0 25996 0 49871 0 408828 0 0 0 Esteban Batallan Cons Principal Trumpet 354987 0 0 0 120 0 15734 0 36229 0 407070 0 0 0 John Sharp Principal Cello 327778 0 0 0 1524 0 37985 0 36964 0 404251 0 0 0 Stacie M Frank VP, CFO, & Assistant Treasurer 314888 0 500 0 492 0 11990 0 16819 0 344689 0 0 0 Dale Hedding VP for Development 318291 0 500 0 1411 0 12942 0 10634 0 343778 0 0 0 Vanessa Moss VP for Operations 276872 0 500 0 1865 0 15025 0 16903 0 311165 0 0 0 Part I, Line 1a Charter travel is provided for all employees during certain foreign and domestic tours when deemed more economical. Part I, Line 7 Annually, the Chair of the Board reviews and approves any bonus payment for the President. Other bonuses paid to listed employees in 2023 were approved by the Chair of the Board. A Illinois Finance Authority-Part II-Col A 861091967 45200FGY9 2008-05-29 83015000 See Part VI 0 0 0 B Illinois Finance Authority-Part II-Col B 861091667 000000000 2018-06-01 46100000 See Part VI 0 0 0 A 83015000 620000 81364393 722487 308120 1997 1 0 1 1 B 11500000 46100000 1997 1 0 1 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: Illinois Finance Authority-Part II-Col A Date the Rebate Computation was Performed: 05/20/2013 Issuer Name: Illinois Finance Authority-Part II-Col B Date the Rebate Computation was Performed: 06/01/2018 Schedule K Supplental Information Part I, Line A, Column (f): The Bonds were issued to (i) refinance a line of credit to the Chicago Symphony Orchestra (the Symphony) from the Northern Trust Company (the Line of Credit) and pay or reimburse the Symphony for certain costs relating to the conversion of the interest rate mode (the Series 2002 Conversion) on the $80,650,000 original aggregate principal amount of the Illinois Educational Facilities Authority Revenue Refunding Bonds, Chicago Symphony Orchestra, Series 2002 (the Series 2002 Bonds) and (ii) pay a portion of the interest on the Bonds and certain costs of issuance of the Bonds (including credit enhancement). The proceeds of the Line of Credit were used to finance a portion of the costs of (i) financing the mandatory purchase of the Series 2002 Bonds by the Symphony in connection with the Series 2002 Conversion, (ii) paying certain costs and expenses related to (a) the incurrence and maintenance of the Line of Credit, and (b) the Series 2002 Conversion, and (iii) paying accrued interest on the Line of Credit. The Series 2002 Bonds were issued on December 19, 2002 to refund all of the $77,900,000 original aggregate principal amount of the Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1996 (Chicago Symphony Orchestra Project) (the Series 1996 Bonds), (ii) pay a portion of interest on the Series 2002 Bonds, and (iii) pay a portion of costs of issuance (including bond insurance premium). The 1996 Bonds were issued on June 12, 1996 to (i) finance, refinance and reimburse the Symphony for certain costs relating to the renovation and expansion of Orchestra Hall and surrounding properties, (ii) pay a portion of interest on the Series 1996 Bonds, (iii) pay or reimburse the Symphony for a portion of the interest on the $50,000,000 Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project), and (iv) pay certain costs relating to letters of credit and costs of issuance. Schedule K, Supplemental Information: Part I, Line B, Column (f): The Bonds were issued to currently refund the $50,000,000 original aggregate principal amount Illinois Development Finance Authority Variable/Fixed Rate Demand Revenue Bonds, Series 1994 (Chicago Symphony Orchestra Project) (the Series 1994 Bonds). The Series 1994 Bonds were issued on June 23, 1994. The Series 1994 Bonds were issued to (i) finance or reimburse a portion of the costs of facilities of the Symphony ( the Prior Project), (ii) refinance a loan made from The Northern Trust Company to the Symphony for the purpose of paying the costs of a feasibility study relating to the Prior Project and funding an earnest money deposit relating to the acquisition of certain real estate on which a portion of the Prior Project is now located, (iii) refinance a loan made from The Northern Trust Company and The Sanwa Bank, Limited, acting through its Chicago branch, to the Symphony for the purpose of paying the costs of the acquisition of real estate (including buildings located thereon) on which a portion of the Prior Project is now located, (iv) finance the payment of a portion of the interest on the Series 1994 Bonds during the period of completion of the Prior Project, (v) pay certain costs relating to the issuance and maintenance of a credit facility during the period of completion of the Prior Project and (vi) pay certain costs relating to the issuance of the Series 1994 Bonds. X 5439 Fair Market Value X 78 3874937 FMV - Stock gifts X Airfare Miles 1 127600 Fair Market Value X Cough Drops 1 18409 Fair Market Value X Food and Wine 1 3457 Fair Market Value X Marimba Mallets 1 2000 Fair Market Value X Audio Rental Equipment 1 1000 Fair Market Value 0 0 1 0 Part I, Column (b): Line 9: The number of contributions for the Securities - publicly traded is the number of stock gifts received, not the number of donors or shares contributed. Form 990, Part VI, Section A, line 2 Business Relationship 1: Jay L. Henderson, E. Scott Santi Business Relationship 2: Terrence J. Truax, Melissa M. Root Business Relationship 3: Debora de Hoyos, Britt M. Miller, John R. Schmidt Business Relationship 4: Jay L. Henderson, Susan C. Levy Business Relationship 5: Debra A. Cafaro, Scott C. Swanson Business Relationship 6: Gerald L. Pauling II, Burton X. Rosenberg Business Relationship 7: Walter Carlson (spouse of Debora de Hoyos), Charles W. Douglas, R. Eden Martin Form 990, Part VI, Section A, line 6 The members of the Chicago Symphony Orchestra (the "Corporation") are designated as Governing Members. Governing Members are elected from among persons who have demonstrated a significant interest in the CSO and who meet such additional criteria as the Board of Trustees may from time to time determine. Form 990, Part VI, Section A, line 7a Governing Members ratify the election of Governing Members and, at each Annual Meeting, the fully ratified Governing Members elect Regular and Life Trustees. Form 990, Part VI, Section B, line 11b The governing body receives a copy of the 990 without the inclusion of the Schedule A "Identification of Excess Contributions or the names and addresses of contributors listed in Part I of Schedule B, "Schedule of Contributors". The CSO's tax advisor, RSM, prepares the Form 990 using the audited financial statements and supporting schedules prepared by CSO staff. Staff and the tax advisor discuss and review the entire Form 990 and Form 990-T with members of the CSO Audit Committee, who review and accept it before it is filed as set forth in the Committee Authority and Responsibility section of the Audit Committee charter. The 2023 Form 990 and Form 990-T were reviewed and approved at the April 29, 2025 meeting of the Audit Committee. Form 990, Part VI, Section B, line 12c The CSO maintains a Conflict of Interest Policy that applies to all trustees, the Executive Committees of certain auxiliary operations operating under the CSO's bylaws, senior management and other designated staff members, and non-trustee members of Trustee committees. The Policy requires each person to whom the policy applies to complete an annual disclosure questionnaire that discloses any business or financial interest, which might reasonably be expected to give rise to a possible conflict between the interest of the CSO and the interest of such person. To the extent that the required disclosure questionnaire cannot be obtained after multiple attempts, alternative procedures are completed by staff and the Audit Committee to reasonably conclude whether any conflicts exist. The Policy forbids such individuals from voting on or using their personal influence in connection with such business or financial issues. In the event the CSO does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members are independent per the terms of its charter. The CSO requires each non-union employee to conduct themselves in accordance with the code of Business Conduct and Ethics, approved by the Board of Trustees, and to sign an annual statement acknowledging their understanding of and compliance with the Code. Form 990, Part VI, Section B, line 15 The process for determining the compensation of the President included a meeting on June 27, 2024, of the Human Resources Committee, which was comprised of five independent trustees and two non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. The process for determining the compensation of other officers or key employees included a meeting on June 27, 2024, of the Human Resources Committee, which was comprised of five independent trustees and two non-trustees. The Committee reviewed the compensation arrangements and peer benchmark data based on size of budget and scope of management responsibility. Published compensation surveys for non-profit organizations were also reviewed. Recommendations were made to the Committee and accepted, and the deliberations of the Committee were documented in the minutes of the meeting. Form 990, Part VI, Section C, line 19 Financial statements, governing documents and conflict of interest policy are available to the public upon request pursuant to the guidelines of Section 6104(D). Form 990, Part XI, line 9: Interest rate swap fair value adjustments 1,711,414. Changes in pension plan assets and benefit obligations 5,769,887.