2022-05-05T12:25:14-05:00 2021-06-30 420714325 RSM US LLP 30 S Wacker Drive Suite 3300 Chicago IL 60606 990 2020-07-01 362167823 Chicago Symphony Orchestra CHIC 3122943333 220 S Michigan Avenue Chicago IL 606042559 Jeff Alexander President 3122943301 2022-05-05 1 Jeff Alexander 999009999 Rebekuh Eley P01247672 3126343400 2022-05-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Jeff Alexander 220 S Michigan Avenue Chicago IL 606042559 224107059 0 X www.cso.org X 1890 IL See Schedule O - Supplemental information. 130 129 927 945 -141995 0 37636059 49216933 21149317 823352 14585037 59759121 436279 106129 73806692 109905535 1750 0 0 0 45998785 29500366 341195 309783 3537918 29914499 17395293 76256229 47205442 -2449537 62700093 475390554 576700123 258525321 228045278 216865233 348654845 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 1 28970412 494542 Chicago Symphony Orchestra Concerts - To help audiences stay connected with music during the pandemic, the Chicago Symphony Orchestra Association launched a new streaming platform, CSOtv, in fall of 2020. Anchoring the new digital content available on CSOtv was the CSO Sessions series, created with artistic guidance from Zell Music Director Riccardo Muti and featuring musicians of the CSO performing in chamber ensembles. Beautifully filmed in Orchestra Hall, each of the 22 episodes that premiered in the 2020/21 Season provided patrons a front-row seat to the artistry of CSO musicians. On May 27, 2021, the CSO returned to Orchestra Hall for its first performances for audiences since March 2020. Three weeks of concerts closed the season with a joyful reunion between musicians and audiences. 1308970 32358 Civic Orchestra of Chicago - In the 2020/21 Season, members of the Civic Orchestra of Chicago - the CSO's prestigious ensemble for early-career musicians - performed music by diverse composers from the 18th to 21st centuries in six concerts filmed for streaming on CSOtv. Civic musicians also continued their training remotely through studio classes with CSO musicians, a variety of professional development workshops and a mock audition intensive. The Civic Fellows, a group of nine Civic musicians, engaged in additional professional development activities, including curating two programs of contemporary music for CSOtv, one of which featured works selected through a global call for scores that garnered more than 200 submissions. 768521 11836 Education Concerts and Activities - Across Chicago and around the world, the Negaunee Music Institute (NMI) connects people to the extraordinary resources of the Chicago Symphony Orchestra. In the 2020/21 Season, the NMI presented outdoor concerts for residents of senior centers and healthcare workers. It also provided virtual resources for students, teachers, families and community members, including educational videos that were made available for free on CSOtv. In addition, Riccardo Muti led a virtual master class for young musicians from the Chicago Musical Pathways Initiative. The breadth of the NMI's offerings and impact were synthesized in a showcase video featuring musicians from the Percussion Scholarship Program, Civic Orchestra of Chicago, Chicago Musical Pathways Initiative and more. 121847 67978 Retail Sales - Music-related merchandise is available for purchase at The Symphony Store and online. 280353 20605 Media and Royalty - Radio Broadcast series, in-house recording label, audio recordings in compact disc and digital download formats. 75735 20011 Rentals and Commissions - Hall Rentals - Performance space provided to Chicagoland arts organizations. 176626 244000 Rentals and Commissions - Parking Lot provided for audiences' convenience to attend concerts. 393811 Symphony Center Presents Concerts 444465 Rentals and Commissions - A restaurant and concessions are provided for audiences' attending concerts. 1492837 352594 32540740 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 1 119 0 1 927 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 130 129 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 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 0.00 X X 513036 0 35416 Helen Zell Chair 1.90 0.00 X X 0 0 0 Mary Louise Gorno Vice Chair 0.80 0.00 X X 0 0 0 Steven E Shebik Vice Chair 0.70 0.00 X X 0 0 0 Liisa Thomas Vice Chair 0.60 0.00 X X 0 0 0 Renee Metcalf Treasurer 0.50 0.00 X X 0 0 0 William Adams IV Life Trustee 0.60 0.00 X 0 0 0 Mrs Robert A Beatty Life Trustee 0.10 0.00 X 0 0 0 Arnold M Berlin Life Trustee 0.10 0.00 X 0 0 0 Laurence O Booth Life Trustee 0.10 0.00 X 0 0 0 William G Brown Life Trustee 0.10 0.00 X 0 0 0 Dean L Buntrock Life Trustee 0.10 0.00 X 0 0 0 Richard W Colburn Life Trustee 0.30 0.00 X 0 0 0 Richard H Cooper Life Trustee 0.10 0.00 X 0 0 0 Anthony T Dean Life Trustee 0.10 0.00 X 0 0 0 Debora de Hoyos Life Trustee 0.20 0.00 X 0 0 0 Charles Douglas Life Trustee 0.10 0.00 X 0 0 0 John A Edwardson Life Trustee 0.10 0.00 X 0 0 0 Thomas J Eyerman Life Trustee 0.10 0.00 X 0 0 0 James B Fadim Life Trustee 0.30 0.00 X 0 0 0 David W Fox Sr Life Trustee 0.10 0.00 X 0 0 0 Richard J Franke Life Trustee 0.10 0.00 X 0 0 0 Cyrus F Freidheim Jr Life Trustee 0.20 0.00 X 0 0 0 H Laurance Fuller Life Trustee 0.10 0.00 X 0 0 0 Mrs Robert W Galvin Life Trustee 0.10 0.00 X 0 0 0 Paul C Gignilliat Life Trustee 0.20 0.00 X 0 0 0 Joseph B Glossberg Life Trustee 0.30 0.00 X 0 0 0 William A Goldstein Life Trustee 0.30 0.00 X 0 0 0 Howard L Gottlieb Life Trustee 0.10 0.00 X 0 0 0 Chester A Gougis Life Trustee 0.20 0.00 X 0 0 0 Mary Winton Green Life Trustee 0.10 0.00 X 0 0 0 Dietrich Gross Life Trustee 0.10 0.00 X 0 0 0 David P Hackett Life Trustee 0.10 0.00 X 0 0 0 Joan W Harris Life Trustee 0.10 0.00 X 0 0 0 John H Hart Life Trustee 0.10 0.00 X 0 0 0 Thomas C Heagy Life Trustee 0.10 0.00 X 0 0 0 Jay L Henderson Life Trustee 0.30 0.00 X 0 0 0 Mrs Roger B Hull Life Trustee 0.10 0.00 X 0 0 0 Judith W Istock Life Trustee 0.10 0.00 X 0 0 0 William R Jentes Life Trustee 0.30 0.00 X 0 0 0 Paul R Judy Life Trustee 0.10 0.00 X 0 0 0 Richard B Kapnick Life Trustee 0.10 0.00 X 0 0 0 Donald G Kempf Jr Life Trustee 0.10 0.00 X 0 0 0 George D Kennedy Life Trustee 0.10 0.00 X 0 0 0 Mrs John C Kern Life Trustee 0.10 0.00 X 0 0 0 Robert A Kohl Life Trustee 0.30 0.00 X 0 0 0 Fred A Krehbiel Life Trustee 0.10 0.00 X 0 0 0 Charles Ashby Lewis Life Trustee 0.10 0.00 X 0 0 0 Eva F Lichtenberg Life Trustee 0.10 0.00 X 0 0 0 John S Lillard Life Trustee 0.10 0.00 X 0 0 0 Donald G Lubin Life Trustee 0.10 0.00 X 0 0 0 James W Mabie Life Trustee 0.40 0.00 X 0 0 0 John F Manley Life Trustee 0.20 0.00 X 0 0 0 Ling Z Markovitz Life Trustee 0.30 0.00 X 0 0 0 R Eden Martin Life Trustee 0.10 0.00 X 0 0 0 Arthur C Martinez Life Trustee 0.10 0.00 X 0 0 0 Judith W McCue Life Trustee 0.20 0.00 X 0 0 0 Lester H McKeever Life Trustee 0.10 0.00 X 0 0 0 David E McNeel Life Trustee 0.40 0.00 X 0 0 0 John D Nichols Life Trustee 0.10 0.00 X 0 0 0 James J O'Connor Life Trustee 0.20 0.00 X 0 0 0 William A Osborn Life Trustee 0.20 0.00 X 0 0 0 Mrs Albert Pawlick Life Trustee 0.10 0.00 X 0 0 0 Jane DiRenzo Pigott Life Trustee 0.30 0.00 X 0 0 0 John M Pratt Life Trustee 0.10 0.00 X 0 0 0 John W Rogers Jr Life Trustee 0.20 0.00 X 0 0 0 Jerry Rose Life Trustee 0.10 0.00 X 0 0 0 Frank A Rossi Life Trustee 0.20 0.00 X 0 0 0 Earl J Rusnak Jr Life Trustee 0.40 0.00 X 0 0 0 Cynthia M Sargent Life Trustee 0.10 0.00 X 0 0 0 John R Schmidt Life Trustee 0.20 0.00 X 0 0 0 Thomas C Sheffield Jr Life Trustee 0.30 0.00 X 0 0 0 Rita Simo Life Trustee 0.10 0.00 X 0 0 0 Robert C Spoerri Life Trustee 0.10 0.00 X 0 0 0 Carl W Stern Life Trustee 0.10 0.00 X 0 0 0 Roger W Stone Life Trustee 0.10 0.00 X 0 0 0 William H Strong Life Trustee 0.10 0.00 X 0 0 0 Louis C Sudler Jr Life Trustee 0.10 0.00 X 0 0 0 Richard L Thomas Life Trustee 0.20 0.00 X 0 0 0 Richard P Toft Life Trustee 0.30 0.00 X 0 0 0 Penny Van Horn Life Trustee 0.20 0.00 X 0 0 0 John Aalbregtse Trustee 0.60 0.00 X 0 0 0 Peter J Barack Trustee 0.30 0.00 X 0 0 0 H Rigel Barber Trustee 0.10 0.00 X 0 0 0 Randy Lamm Berlin Trustee 0.10 0.00 X 0 0 0 Roderick Branch Trustee 0.10 0.00 X 0 0 0 Susan Bridge Trustee 0.20 0.00 X 0 0 0 Kay Bucksbaum Trustee 0.10 0.00 X 0 0 0 Robert J Buford Trustee 0.30 0.00 X 0 0 0 Leslie Henner Burns Trustee 0.50 0.00 X 0 0 0 Debra A Cafaro Trustee 0.10 0.00 X 0 0 0 Marion A Cameron Trustee 0.10 0.00 X 0 0 0 Bruce E Clinton Life Trustee 0.20 0.00 X 0 0 0 George P Colis Trustee 0.30 0.00 X 0 0 0 Keith S Crow Trustee 0.10 0.00 X 0 0 0 Stephen V D'Amore Trustee 0.10 0.00 X 0 0 0 Timothy A Duffy Trustee 0.30 0.00 X 0 0 0 Brian W Duwe Trustee 0.10 0.00 X 0 0 0 J Bradley Fewell Trustee 0.20 0.00 X 0 0 0 Richard C Godfrey Life Trustee 0.10 0.00 X 0 0 0 Graham C Grady Trustee 0.20 0.00 X 0 0 0 Lori Julian Trustee 0.70 0.00 X 0 0 0 Geraldine Keefe Trustee 0.10 0.00 X 0 0 0 Donna L Kendall Trustee 0.20 0.00 X 0 0 0 Thomas G Kilroy Trustee 0.20 0.00 X 0 0 0 James Kolar Trustee 0.10 0.00 X 0 0 0 Randall S Kroszner Trustee 0.20 0.00 X 0 0 0 Josef Lakonishok Trustee 0.20 0.00 X 0 0 0 Patty Lane Trustee 0.20 0.00 X 0 0 0 Mary Pivirotto Murley Trustee 0.30 0.00 X 0 0 0 Sylvia Neil Trustee 0.20 0.00 X 0 0 0 Shelley Ochab Trustee 0.20 0.00 X 0 0 0 Gerald Pauling Trustee 0.50 0.00 X 0 0 0 Michael A Perlstein Trustee 0.30 0.00 X 0 0 0 Jose Luis Prado Trustee 0.10 0.00 X 0 0 0 Dr Irwin Press Trustee 0.10 0.00 X 0 0 0 Col Jennifer N Pritzker Trustee 0.10 0.00 X 0 0 0 Dr Mohan Rao Trustee 0.40 0.00 X 0 0 0 Burton X Rosenberg Trustee 0.20 0.00 X 0 0 0 Kristen C Rossi Trustee 0.20 0.00 X 0 0 0 E Scott Santi Trustee 0.10 0.00 X 0 0 0 Alejandro Silva Trustee 0.30 0.00 X 0 0 0 Marlon R Smith Trustee 0.10 0.00 X 0 0 0 Walter Snodell Trustee 0.20 0.00 X 0 0 0 Daniel E Sullivan Jr Trustee 0.20 0.00 X 0 0 0 Scott Swanson Trustee 0.10 0.00 X 0 0 0 Nasrin Thierer Trustee 0.20 0.00 X 0 0 0 Terrence J Truax Trustee 0.20 0.00 X 0 0 0 Frederick H Waddell Trustee 0.50 0.00 X 0 0 0 Paul R Wiggin Trustee 0.40 0.00 X 0 0 0 Craig R Williams Trustee 0.20 0.00 X 0 0 0 Robert A Wislow Trustee 0.10 0.00 X 0 0 0 Britt M Miller Trustee 0.10 0.00 X 0 0 0 Paul S Watford Trustee 0.10 0.00 X 0 0 0 Gifford R Zimmerman Trustee 0.20 0.00 X 0 0 0 Dale Hedding VP for Development 40.00 0.00 X 269031 0 19997 Stacie M Frank Assistant Treasurer 40.00 0.00 X 227500 0 30116 Renay Slifka Secretary 40.00 0.00 X 66272 0 17166 Karen Rahn Secretary (until 7/31/20) 40.00 0.00 X 48414 0 8676 Vanessa Moss VP for Operations 40.00 0.00 X 222669 0 36418 Riccardo Muti Music Director 40.00 0.00 X 1115293 0 0 Robert Chen Concertmaster 40.00 0.00 X 358007 0 58251 John Sharp Principal Cello 40.00 0.00 X 226669 0 72938 Stephen Williamson Principal Clarinet 40.00 0.00 X 226805 0 63704 David A Cooper Principal Horn 40.00 0.00 X 215530 0 13689 3489226 0 356371 125 0 1 0 Riccardo Muti 220 S Michigan Avenue Chicago IL 606042559 Artist Performances 1843136 Allied Universal Security Services 1551 N Tustin Ave Ste 650 Santa Ana CA 92705 Security Services 652259 DCM Inc 261 West 35th Street Suite 600 New York NY 10001 Telemarketing and Telefundraising 512612 Capacity Interactive Consulting LLC 82 Nassau Street 60283 New York NY 10038 Digital Marketing Consultant 509065 Kimco 3445 Peachtree Road Suite 1275 Atlanta GA 30326 Janitorial Services 377552 28 702254 128315 48386364 17042624 49216933 Ticket Sales 711130 315667 315667 Parking Lot Rental Revenue 711130 244000 244000 Performance Fees 711130 146960 146960 Educational Activity 711130 44193 44193 Other Program Related Revenue 711130 31915 31915 40617 29516 11101 823352 4103490 4103490 7750 70516 -62766 -62766 -62766 169523882 113866790 1461 55657092 -1461 55655631 -97495 55753126 278587 702254 195936 82651 82651 153065 66821 86244 67978 18266 109905535 636229 -141995 60194368 1368557 257540 849945 261072 19351151 16471775 1373184 1506192 2893245 2778001 40657 74587 4258076 3459493 375037 423546 1629337 1313369 156274 159694 78712 23668 32980 22064 110767 110767 309783 309783 1388139 1388139 1788946 888446 873801 26699 1310702 962056 197061 151585 440665 224973 119856 95836 493018 251701 134096 107221 2111518 1739379 167624 204515 17759 5329 9629 2801 1448 1399 49 4585135 4585135 3915702 3593138 322564 266464 266464 Equipment Rental & Main 262534 262534 Music & Instrument Rent 169318 60532 108786 Music License Fees 145753 145753 Credit Card Fees 77305 18757 58548 231408 82897 14785 133726 47205442 32540740 11126784 3537918 705615 720231 5242812 5736354 24832022 27583572 525091 701138 224608 214092 1462080 1118139 179537757 101533619 81463694 78004138 252198166 337162823 108593741 125201311 142725 258325 475390554 576700123 8893203 14187971 10059008 1157560 138655139 136394553 0 1000000 100917971 75305194 258525321 228045278 X 24924184 109369054 191941049 239285791 216865233 348654845 475390554 576700123 X 62700093 47918001 21171518 X 0 1 X 1 0 X 23567693 35070114 30805974 37636059 49216933 176296773 23567693 35070114 30805974 37636059 49216933 176296773 25651617 150645156 4655238 4978476 6161973 4984289 4103490 24883466 493717 289261 184670 435185 82651 1485484 202665723 119470794 0.74330 0.70800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 309653000 15890000 93768000 16036000 403275000 323051000 5327000 -3464000 15261000 309653000 314587000 10500000 12801000 14887000 323051000 304786000 2843000 21643000 14685000 314587000 287993000 812000 30436000 14455000 304786000 0.44400 0.39900 0.15700 0 0 25475169 25475169 125655490 80268362 45387128 258036 258036 0 14205825 13110731 1095094 13943237 7896490 6046747 78004138 Alternative investments - Absolute return 36682640 F Hedged equities 31441442 F Private equity 38311294 F Real assets 9555550 F Beneficial interest in trust 9210385 F 125201311 Pension benefits 52026962 Other long-term liabilities 1321236 Interest rate swap contracts 21956996 75305194 X 178023931 47918001 82282 21171518 69171801 108852130 1388139 -334734 1053405 109905535 46234319 82282 334734 417016 45817303 1388139 1388139 47205442 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% 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: Income taxes: 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% likelihood of being realized upon ultimate settlement. The Corporation files Form 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Interest rate swap fair value adjustment 7,224,206. Change in pension plan assets and benefit obligations 13,947,312. Part XI, Line 4b - Other Adjustments: Rental expenses (Part VIII, Line 6b) -70,516. Fundraising event expenses (Part VIII, Line 8b) -195,936. Cost of goods sold (Part VIII, Line 10b) -66,821. Gain (loss) on sale of other assets (Part VIII, Line 7c(ii)) -1,461. Part XII, Line 2d - Other Adjustments: Rental expenses (Part VIII, Line 6b) 70,516. Fundraising event expenses (Part VIII, Line 8b) 195,936. Cost of goods sold (Part VIII, Line 10b) 66,821. Gain (loss) on sale of other assets (Part VIII, Line 7c(ii)) 1,461. Central America and the Caribbean 0 0 Alternative Investments (Hedged Equity, Absolute Return and Private Equity) in the Cayman Islands. 63576548 0 0 0 0 0 0 63576548 0 63576548 1 0 1 0 1 0 Part III Accounting Method: X X X X X X X 1 DCM Inc 261 West 35th Street Suite 600 New York NY 10001 Telefundraising Campaigns 0 938585 309783 628802 938585 309783 628802 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 920666 648209 272457 1217 120500 59106 Fall in Love with Music 51045 51045 6841 1 9130 3000 6130 3075 5197 980841 702254 278587 3075 1217 120500 71144 195936 82651 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Riccardo Muti Music Director 1105293 0 0 0 10000 0 0 0 0 0 1115293 0 0 0 Jeff Alexander President 508938 0 500 0 3598 0 19993 0 15423 0 548452 0 0 0 Robert Chen Concertmaster 357653 0 0 0 354 0 19400 0 38851 0 416258 0 0 0 John Sharp Principal Cello 226362 0 0 0 307 0 37500 0 35438 0 299607 0 0 0 Stephen Williamson Principal Clarinet 226498 0 0 0 307 0 24800 0 38904 0 290509 0 0 0 Dale Hedding VP for Development 255697 0 500 0 12834 0 11140 0 8857 0 289028 0 0 0 Vanessa Moss VP for Operations 220823 0 919 0 927 0 19899 0 16519 0 259087 0 0 0 Stacie M Frank Assistant Treasurer 226659 0 500 0 341 0 9578 0 20538 0 257616 0 0 0 David A Cooper Principal Horn 215223 0 0 0 307 0 200 0 13489 0 229219 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 2020 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 4600000 46100000 1997 1 0 1 1 A 0 0 1 1 1 0 0 0 1 B 0 1 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 135 16541871 FMV - Stock gifts X 2 493916 Appraisal X Gift Baskets 4 5521 Fair Market Value X Airfare Miles 1 1316 Fair Market Value 0 0 1 1 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. Part I, Line 32b: Publicly traded securities are sold via a stock brokerage account held at the corporation's primary banking relationship. Form 990, Part III, line 3 Due to the Covid-19 pandemic and associated governmental restrictions on public gatherings, many program services beginning March 12, 2020 through June 30, 2021 were modified to be provided digitally and/or cancelled. Form 990, Part VI, Section A, line 2 Business Relationship 1: Alejandro Silva, Jose Luis Prado Business Relationship 2: Jay L. Henderson, E. Scott Santi Business Relationship 3: Richard C. Godfrey, Keith S. Crow Business Relationship 4: Debora de Hoyos, John R. Schmidt Business Relationship 5: Jay L. Henderson, Jose Luis Prado Business Relationship 6: Debra A. Cafaro, Scott C. Swanson Business Relationship 7: Gerald L. Pauling II, Burton X. Rosenberg Business Relationship 8: 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 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 2020 Form 990 and Form 990-T were reviewed and approved at the April 27, 2022 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 exists. 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 September 30, 2020, 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 September 30, 2020, 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 7,224,206. Changes in pension plan assets and benefit obligations 13,947,312.