2022-04-03T07:33:36-05:00 2021-05-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2020-06-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ELISE BRUNELLE EXECUTIVE DIRECTOR 8028645741 2022-03-21 1 ELISE BRUNELLE 999009999 CONNIE FELLION P01875413 8026581808 2022-03-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELISE BRUNELLE 2 CHURCH STREET BURLINGTON VT 05401 1213062 0 X WWW.VSO.ORG X 1938 VT THE VERMONT SYMPHONY ORCHESTRA ("VSO") FOSTERS AND ENCOURAGES APPRECIATION OF MUSIC IN ALL FORMS, WITH EMPHASIS ON ORCHESTRAL, CHORAL, AND CHAMBER MUSIC. THE VSO RAISES THE STANDARD OF MUSICAL EDUCATION AND ENJOYMENT AND PROVIDES QUALITY PERFORMANCES FOR A BROAD AND DIVERSE PUBLIC THROUGHOUT VERMONT. 16 16 131 50 0 0 1009602 729376 461647 26045 22459 56547 20563 20043 1514271 832011 0 0 0 0 734696 436839 0 0 98555 830206 424497 1564902 861336 -50631 -29325 5391766 6210340 366673 295562 5025093 5914778 X THE VERMONT SYMPHONY ORCHESTRA ("VSO") FOSTERS AND ENCOURAGES APPRECIATION OF MUSIC IN ALL FORMS, WITH EMPHASIS ON ORCHESTRAL, CHORAL, AND CHAMBER MUSIC. THE VSO RAISES THE STANDARD OF MUSICAL EDUCATION AND ENJOYMENT AND PROVIDES QUALITY PERFORMANCES FOR A BROAD AND DIVERSE PUBLIC THROUGHOUT VERMONT. 0 0 402622 11074 TO OPERATE WITHIN COVID PANDEMIC RESTRICTIONS, STATEWIDE SMALL ENSEMBLE PERFORMANCES TOOK PLACE OUTDOORS (CLOSE TO HOME AND FAR AFIELD), ADDITIONAL CONCERTS WERE RECORDED FOR STREAMING WITH NO AUDIENCE (MUSIC FOR DAYS LIKE THIS AND JUKEBOX STATEWIDE TOURS). TOTAL LIVE AND ONLINE AUDIENCES: 4,092 268096 15032 TYPICALLY, OTHER PROGRAMS AND EVENTS INCLUDE OUTREACH PROGRAMS, COMPOSER RESIDENCIES, AND VARIOUS EDUCATIONAL AND SMALL GROUP PERFORMANCES INCLUDING THE "SYMPHONY KIDS" PROGRAM WHICH NORMALLY REACHES NEARLY HALF OF VERMONT'S ELEMENTARY AND MIDDLE SCHOOL STUDENTS ANNUALLY. IN FY21, MOST OF THE EDUCATIONAL PROGRAMMING HAD TO BE CANCELLED AND MANY OF THE SMALL GROUP PERFORMANCES HAD TO BE CANCELLED OR POSTPONED. TYPICALLY, CORE PERFORMANCES INCLUDE THE "MASTERWORKS" SERIES, HOLIDAY POPS, AND THE SUMMER FESTIVAL TOUR. HOWEVER, DUE TO COVID RESTRICTIONS, VSO WAS UNABLE TO HOLD ANY OF THESE CONCERTS IN 2021. VSO ANTICIPATES THAT GOING FORWARD THESE WILL AGAIN BE THE CORE PERFORMANCES. 670718 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 21 0 1 131 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ELISE BRUNELLE 8028645741 2 CHURCH STREET BURLINGTON VT 05401 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 MEGAN FRENZEN DIRECTOR 1.00 X 0 0 0 LYN LAUFFER DIRECTOR 1.00 X 0 0 0 HARRIET GRENIER 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 VIRGINIA ROTH 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 ALEXANDRA VAUT ACTING EXECUTIVE DIRECTOR 20.00 X 69438 0 1071 ELISE BRUNELLE EXECUTIVE DIRECTOR (START 08/20) 40.00 X 40900 0 1951 110338 0 3022 0 0 0 0 0 374241 355135 22640 729376 PERFORMANCE REVENUES 711130 26045 26045 26045 43596 43596 393936 380985 12951 12951 12951 127 66 61 61 MISCELLANEOUS 900099 19982 19982 19982 832011 26106 0 76529 X 91772 68829 9177 13766 259899 194924 25990 38985 16159 12119 1616 2424 35749 26812 3575 5362 33260 24945 3326 4989 17875 13406 1787 2682 26732 26732 132537 122860 3871 5806 26596 19931 2666 3999 17620 13215 1763 2642 250 188 25 37 34788 26091 3479 5218 5762 5762 9567 7175 957 1435 6202 4652 620 930 24558 18418 2456 3684 EQUIPMENT RENTAL AND ST 41659 41659 CONCERT EXPENSES 39557 39557 MISCELLANEOUS 26592 19944 2659 3989 DEVELOPMENT 8891 6668 889 1334 5311 3563 475 1273 861336 670718 92063 98555 29061 -10147 99030 166220 179050 266729 46430 28729 2748 262903 217404 46699 45499 4509229 5340990 499968 351871 5391766 6210340 131254 41998 36846 103664 198573 149900 366673 295562 X -163154 -44812 5188247 5959590 5025093 5914778 5391766 6210340 X -29325 979883 2003 -62876 X 0 1 X 1 0 X 640704 852339 945846 1009602 729376 4177867 640704 852339 945846 1009602 729376 4177867 217372 3960495 89252 76058 78547 93461 43596 380914 19833 13501 19730 24270 19982 97316 4656097 2057996 0.85060 0.81170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 19,833. 2017 AMOUNT: $ 13,501. 2018 AMOUNT: $ 19,730. 2019 AMOUNT: $ 24,270. 2020 AMOUNT: $ 19,982. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4509229 280175 998866 447280 5340990 4416487 304816 252589 464663 4509229 4485178 160885 125203 354779 4416487 4374593 22895 387690 300000 4485178 4083273 527017 235697 4374593 0.00000 0.83300 0.16700 1 0 205773 186324 19449 57130 31080 26050 45499 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 68592 INTEREST IN PERPETUAL TRUST 283279 351871 X 1860139 979883 3271 71706 1054860 805279 26732 26732 832011 835938 1268 66 1334 834604 26732 26732 861336 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, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FROM PERPETUAL TRUST 58,837. INCOME FROM BENEFICIAL INTEREST 12,803. COST OF GOODS SOLD 66. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 66. 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 ARTISTIC PERSONNEL: PROGRAM SERVICE EXPENSES 93,828. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,828. BOOKKEEPING: PROGRAM SERVICE EXPENSES 23,997. MANAGEMENT AND GENERAL EXPENSES 3,200. FUNDRAISING EXPENSES 4,799. TOTAL EXPENSES 31,996. BANK CHARGES: PROGRAM SERVICE EXPENSES 5,035. MANAGEMENT AND GENERAL EXPENSES 671. FUNDRAISING EXPENSES 1,007. TOTAL EXPENSES 6,713. FORM 990, PART XI, LINE 9: INCOME FROM PERPETUAL TRUST 58,837. INCOME FROM BENEFICIAL INTEREST 12,803. REMOVAL OF VCF - PLANNED GIVING FUND BALANCE -134,516.