2025-07-15T13:32:41-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-09-01 410693875 MINNESOTA ORCHESTRAL ASSOCIATION MINN 6123715600 1111 NICOLLET MALL MINNEAPOLIS MN 55403 IVAN WINSHIP CFO 6123715600 2025-07-11 1 1 KIMBERLY ANDERSON P00188889 6086628600 2025-07-11 2023 2025-03-06 01:10:19Z IVAN WINSHIP 1111 NICOLLET MALL MINNEAPOLIS MN 55403 54526660 0 X WWW.MINNESOTAORCHESTRA.ORG X 1907 MN AN INTERNATIONALLY-RECOGNIZED ORCHESTRA DEDICATED TO ENRICHING AND SERVING MINNESOTA COMMUNITY. 70 70 865 241 1932948 447220 35110008 26683402 9127728 11034734 18115 301516 757095 662689 45012946 38682341 570 0 0 0 28680179 29902348 0 0 3098584 16563612 15124230 45244361 45026578 -231415 -6344237 201128365 195825227 15020380 10274804 186107985 185550423 X THE MINNESOTA ORCHESTRA MISSION IS TO ENRICH, INSPIRE AND SERVE OUR COMMUNITY AS AN ENDURING SYMPHONY ORCHESTRA INTERNATIONALLY RECOGNIZED FOR ITS ARTISTIC EXCELLENCE. 0 0 36040327 0 9314885 THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS, LIVESTREAMS, AND RADIO AND TV BROADCASTS, AND A LONGTIME COMMITMENT TO STATE-WIDE MUSIC EDUCATION AND ENGAGEMENT PROGRAMS.THE 2023-24 SEASON WAS A CELEBRATORY YEAR IN WHICH THE ORCHESTRA INTRODUCED DANISH CONDUCTOR THOMAS SONDERGARD AS THE ORGANIZATION'S 11TH MUSIC DIRECTOR; FEATURED DEBUT PERFORMANCES WITH WIDE-RANGING ARTISTS FROM PIANIST YUJA WANG AND SAXOPHONE PLAYER STEVEN BANKS TO HIP-HOP STAR NUR-D; COMPLETED ITS RECORDING CYCLE OF THE TEN MAHLER SYMPHONIES; AND OFFERED ITS FIRST-EVER SIDE-BY-SDE EXPERIENCE WITH MUSIC EDUCATORS FROM ACROSS THE STATE. IN TOTAL, THE ORCHESTRA OFFERED 143 TICKETED AND FREE CONCERTS/EVENTS DURING THE 2023-24 SEASON WITH NEARLY 250,000 GUESTS ATTENDING. THE ORCHESTRA CONTINUED ITS PARTNERSHIP WITH TWIN CITIES PBS AND YOURCLASSICAL MPR TO CREATE THE BROADCAST AND LIVESTREAM SERIES THIS IS MINNESOTA ORCHESTRA. ACROSS THE SEASON THE ORCHESTRA PRODUCED FOUR LIVE CONCERTS FOR AUDIENCES AROUND THE WORLD AND DEBUTED THEM FREE OF CHARGE ON TV, RADIO AND ONLINE STREAMING; THESE DIGITAL CONCERTS RECEIVED NEARLY 170,000 VIEWS DURING THE 2023-24 SEASON. IN TOTAL, THE ORCHESTRA'S RADIO BROADCASTS AND AUDIO STREAMING REACHED MORE THAN 2.3 MILLION PEOPLE.MINNESOTA ORCHESTRA YOUNG PEOPLE'S CONCERTS WELCOMED 28,242 STUDENTS FROM 240 SCHOOLS ACROSS THE STATE TO EXPERIENCE CLASSICAL MUSIC AT ORCHESTRA HALL. 45% OF THOSE STUDENTS ATTENDED FOR FREE THANKS TO DONOR UNDERWRITING, WHILE THE OTHERS RECEIVED THEIR TICKETS FOR JUST $6.25. THE ORCHESTRA'S RELAXED FAMILY CONCERTS AND SENSORY-FRIENDLY PROGRAMS REACHED THOUSANDS MORE YOUNG PEOPLE AND THEIR PARENTS, INCLUDING AT A JANUARY 2024 FAMILY CONCERT THAT WAS CONDUCTED BY MUSIC DIRECTOR THOMAS SONDERGARD. AN ADDITIONAL 7,800 YOUNG PEOPLE ATTENDED CONCERTS FOR FREE ALONGSIDE THE ADULTS IN THEIR LIVES, AS PART OF THE ORCHESTRA'S HALL PASS PROGRAM. IN APRIL, THE ORCHESTRA OFFERED ITS FIRST EDUCATOR SIDE BY SIDE EXPERIENCE, IN WHICH 54 MUSIC EDUCATORS FROM 37 CITIES AROUND THE STATE JOINED THOMAS SONDERGARD AND THE MINNESOTA ORCHESTRA ONSTAGE FOR TWO REHEARSALS AND TWO CONCERTS. THE PROGRAM WAS DESIGNED TO SHINE A SPOTLIGHT ON THE WORK OF MUSIC EDUCATORS AND TO HELP THEM ADVOCATE FOR THE IMPORTANCE OF STATE-WIDE MUSIC PROGRAMS IN THE SCHOOLS. IN JULY THE ORCHESTRA PRESENTED SUMMER AT ORCHESTRA HALL, A MULTI-WEEK FESTIVAL THAT BROUGHT AUDIENCES DOWNTOWN TO EXPLORE MUSIC OF THE 1920S AND TO LAUNCH THE CELEBRATION OF ORCHESTRA HALL'S 50TH ANNIVERSARY, ALL CURATED BY PIANIST AND CREATIVE PARTNER JON KIMURA PARKER. WHETHER PERFORMING AT ORCHESTRA HALL, IN GREATER MINNESOTA OR ON A DIGITAL PLATFORM, THE MINNESOTA ORCHESTRA REMAINS COMMITTED TO BRINGING PEOPLE TOGETHER THROUGH MUSIC. 36040327 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 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 1 1 1 0 0 0 1 256 0 1 865 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 70 70 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN WI X IVAN WINSHIP 6123715600 1111 NICOLLET MALL MINNEAPOLIS MN 55403 MICHELLE MILLER BURNS PRESIDENT & CEO 40.00 X 484378 0 35099 IVAN WINSHIP CFO 40.00 X 277391 0 41879 ERIN KEEFE MUSICIAN 40.00 X 284215 0 31380 NATHAN HUGHES MUSICIAN 40.00 X 282502 0 10441 CAROLYN EGEBERG VP OF ADVANCEMENT 40.00 X 246586 0 31573 ROBERT WRIGHT MUSICIAN 40.00 X 193032 0 40067 FEI XIE MUSICIAN 40.00 X 189653 0 40068 SHERI NOTARO VP OF PEOPLE AND CULTURE 40.00 X 194763 0 31126 NANCY LINDAHL CHAIR 1.00 X X 0 0 0 BILL MILLER CHAIR-ELECT 1.00 X X 0 0 0 JEROME HAMILTON VICE CHAIR 1.00 X X 0 0 0 AL LENZMEIER VICE CHAIR 1.00 X X 0 0 0 LLOYD KEPPLE VICE CHAIR 1.00 X X 0 0 0 MICHAEL KLINGENSMITH VICE CHAIR 1.00 X X 0 0 0 MARTY LUECK TREASURER 1.00 X X 0 0 0 MARY LAWRENCE SECRETARY 1.00 X X 0 0 0 KITA MCVAY OFFICER AT-LARGE 1.00 X X 0 0 0 PAUL GRANGAARD DIRECTOR 1.00 X 0 0 0 ABIGAIL ROSE DIRECTOR 1.00 X 0 0 0 BARBARA GOLD DIRECTOR 1.00 X 0 0 0 BETSY FROST DIRECTOR 1.00 X 0 0 0 BOB TUNHEIM DIRECTOR 1.00 X 0 0 0 BRANDON CARMACK DIRECTOR 1.00 X 0 0 0 BRIAN TILZER DIRECTOR 1.00 X 0 0 0 CATHERINE R WEBSTER DIRECTOR 1.00 X 0 0 0 BARBARA BURWELL DIRECTOR 1.00 X 0 0 0 CINDY OLMANSON DIRECTOR 1.00 X 0 0 0 KAREN HIMLE DIRECTOR 1.00 X 0 0 0 ERIC LEVINSON DIRECTOR 1.00 X 0 0 0 KAREN GRANDSTRAND DIRECTOR 1.00 X 0 0 0 YVONNE CHEEK DIRECTOR 1.00 X 0 0 0 KAREN HOLMES DIRECTOR 1.00 X 0 0 0 ROMA CALATAYUD-STOCKS DIRECTOR 1.00 X 0 0 0 DARREN ACHESON DIRECTOR 1.00 X 0 0 0 MIKE MAESER DIRECTOR 1.00 X 0 0 0 ANNIE BETTS DIRECTOR 1.00 X 0 0 0 ANGELA PENNINGTON DIRECTOR 1.00 X 0 0 0 KAREN ASHE DIRECTOR 1.00 X 0 0 0 JULIE HOWE STEWART DIRECTOR 1.00 X 0 0 0 GORDY SPRENGER DIRECTOR 1.00 X 0 0 0 JOE GREEN DIRECTOR 1.00 X 0 0 0 JAY IHLENFELD DIRECTOR 1.00 X 0 0 0 JON EISENBERG DIRECTOR 1.00 X 0 0 0 ANNE MILLER DIRECTOR 1.00 X 0 0 0 JOHN DAYTON DIRECTOR 1.00 X 0 0 0 JEANNINE BEFIDI DIRECTOR 1.00 X 0 0 0 JIM WATKINS DIRECTOR 1.00 X 0 0 0 EVAN CARRUTHERS DIRECTOR 1.00 X 0 0 0 DOUG BAKER DIRECTOR 1.00 X 0 0 0 ERIK VAN KUIJK DIRECTOR 1.00 X 0 0 0 ERIC SNUSTAD DIRECTOR 1.00 X 0 0 0 JOHN WILGERS DIRECTOR 1.00 X 0 0 0 MILUSKA NOVOTA DIRECTOR 1.00 X 0 0 0 DIANE HOFSTEDE DIRECTOR 1.00 X 0 0 0 PATRICK WARFIELD DIRECTOR 1.00 X 0 0 0 KELLY MCQUEEN DIRECTOR 1.00 X 0 0 0 WARREN MACK DIRECTOR 1.00 X 0 0 0 LAUREN ROUTHIER DIRECTOR 1.00 X 0 0 0 LAYSHA WARD DIRECTOR 1.00 X 0 0 0 LENI MOORE DIRECTOR 1.00 X 0 0 0 LINDA MURRELL DIRECTOR 1.00 X 0 0 0 KATHY CUNNINGHAM DIRECTOR 1.00 X 0 0 0 PATRICK MAHONEY DIRECTOR 1.00 X 0 0 0 LUELLA GOLDBERG DIRECTOR 1.00 X 0 0 0 MARGEE BRACKEN DIRECTOR 1.00 X 0 0 0 MARILYN CARLSON NELSON DIRECTOR 1.00 X 0 0 0 MARK COPMAN DIRECTOR 1.00 X 0 0 0 MARY SUMNERS DIRECTOR 1.00 X 0 0 0 MAURICE HOLLOMAN DIRECTOR 1.00 X 0 0 0 MICHAEL LINDSAY DIRECTOR 1.00 X 0 0 0 LINDSEY MAIN DIRECTOR 1.00 X 0 0 0 LISA PARADIS DIRECTOR 1.00 X 0 0 0 MICHAEL ROOS DIRECTOR 1.00 X 0 0 0 MIKE JONES DIRECTOR 1.00 X 0 0 0 TOM NEWTON DIRECTOR 1.00 X 0 0 0 TIM WELSH DIRECTOR 1.00 X 0 0 0 TIM GEOFFRION DIRECTOR 1.00 X 0 0 0 TIM CARL DIRECTOR 1.00 X 0 0 0 THOMAS HERR DIRECTOR 1.00 X 0 0 0 SHAMAYNE BRAMAN DIRECTOR 1.00 X 0 0 0 KARLA ROBERTSON DIRECTOR 1.00 X 0 0 0 SARAH BREW DIRECTOR 1.00 X 0 0 0 MIKE ELLIOTT DIRECTOR 1.00 X 0 0 0 ROZ TSAI DIRECTOR 1.00 X 0 0 0 ROCHELLE BLEASE DIRECTOR 1.00 X 0 0 0 PHILIP ISAACSON DIRECTOR 1.00 X 0 0 0 2152520 0 261633 110 0 1 0 THOMAS SUNDERGARD FREDERIK VIS ALLE 12 4TV FREDERIKSBERG DA DA 2000 MUSIC DIRECTOR 242322 CAMBRIDGE ASSOCIATES LLC 100 SUMMER ST BOSTON MA 02110 CONSULTING SERVICES 200000 ARTIST MANAGEMENT PARTNERS WORLDWIDE 150 E 93RD ST NEW YORK NY 10128 GUEST ARTISTS 187500 DORSEY & WHITNEY LLP PO BOX 1680 MINNEAPOLIS MN 55480 LEGAL SERVICES 147980 WASSERMAN MUSIC LLC 10900 WILSHIRE BLVD LOS ANGELES CA 90024 GUEST ARTISTS 143448 13 645375 40000 25998027 4651092 26683402 ORCHESTRA TICKETS 711130 7476807 7476807 RENTALS 711130 1719849 1719849 ORCHESTRA SERVICE FEES 532000 1226314 1226314 CONCESSIONS & FEES 711130 611764 611764 11034734 335017 9210 325807 5921 5921 14815459 14848960 -33501 -33501 -33501 644983 645375 569984 74999 74999 1007144 425375 581769 203889 377880 38682341 9314885 1932948 751106 1228158 1228158 22495998 19211181 1448549 1836268 1386052 1158850 116435 110767 3071845 2564817 261874 245154 1720295 1399994 186485 133816 71870 71870 104535 104535 74275 74275 668907 668907 1640048 1035218 272719 332111 1651963 1355529 31522 264912 363800 151290 79418 133092 107497 40252 67245 501690 470809 30881 182305 154768 26802 735 37996 16941 17642 3413 1998913 1980102 18811 722541 28902 693639 DIRECT CONCERT EXPENSES 5628959 5628959 EQUIPMENT 376897 368975 7922 FINANCING COSTS 358026 358026 MEMBERSHIPS & SUBSCRIPT 125725 9763 115683 279 508283 463977 6269 38037 45026578 36040327 5887667 3098584 1173558 6448388 4721235 0 15577087 14701421 790797 590293 108656 96156 1017315 1143648 75897098 32823458 44902467 43073640 18132458 11083132 113683728 117781077 1021064 907472 201128365 195825227 2365524 1610561 4711419 4746898 4500000 0 3443437 3917345 15020380 10274804 X -27490050 -41161920 213598035 226712343 186107985 185550423 201128365 195825227 X -6344237 2480466 3306209 X 0 1 X 1 0 X 15467014 19627033 53132562 35110008 26683402 150020019 15467014 19627033 53132562 35110008 26683402 150020019 10911933 139108086 1618109 702214 938783 20718 331728 3611552 9568 246586 1211106 2007947 3475207 157106778 34077719 0.88540 0.92040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 74275 74275 44952303 45026578 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 56952 73849 55727 74275 260803 250000 250000 250000 250000 1000000 1500000 PART I-A, LINE 1: TOTAL LOBBYING EXPENSES ARE RELATED TO DUES TO MINNESOTA CITIZENS FOR THE ARTS. 51881488 12109277 1040567 13418844 51612488 51752488 9851567 1308278 11030845 51881488 55884405 1549913 -2704195 2977635 51752488 41256488 21284654 2422833 9079570 55884405 37557984 10945045 1973459 9220000 41256488 0.00000 1.00000 0.00000 1 1 1 3006334 3006334 65218729 27145241 38073488 22270 9228 13042 7626787 5668989 1957798 22978 22978 43073640 117781077 F 117781077 UNFUNDED PENSION LIABILITY 3594341 CAPITAL LEASE 323004 3917345 X 44906165 2480466 4412265 6892731 38013434 668907 668907 38682341 45463727 1106056 1106056 44357671 668907 668907 45026578 PART V, LINE 4: THE ENDOWMENT FUND WAS CREATED BY DONORS WHO WANTED TO FUND ANNUAL ORCHESTRA ACTIVITIES INTO PERPETUITY. IF SO DESIGNATED BY THE DONOR, THESE GIFTS ARE CONSIDERED PERMANENT ENDOWMENTS, BUT INVESTMENT EARNINGS AND GROWTH ARE AVAILABLE TO SUPPORT ANNUAL ACTIVITIES. THE BOARD OF DIRECTORS HAS ADOPTED THE STANDARDS OF UPMIFA IN DETERMINING THE AMOUNT TAKEN FROM ENDOWMENTS EACH YEAR FOR ACTIVITIES. THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE ANNUAL DRAW AMOUNT AS A PART OF THE BUDGET AND PLANNING PROCESS, AND THEN PRESENTS ITS FINDINGS TO THE BOARD OF DIRECTORS FOR APPROVAL. PART X, LINE 2: THE ASSOCIATION IS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AS AMENDED, AND SIMILAR STATUTES OF MINNESOTA LAW AND, ACCORDINGLY, IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ASSOCIATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION UNDER SECTION 509(A)(1) OF THE IRC AND QUALIFIES FOR THE MAXIMUM CHARITABLE CONTRIBUTION DEDUCTION FOR DONORS. THE ASSOCIATION HAS ADOPTED GUIDANCE IN THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD. NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION THIS STANDARD. THE ASSOCIATION HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 3,898,556. FUNDRAISING EXPENSES 513,709. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS 592,347. FUNDRAISER EXPENSE 513,709. X X X X X X X 1 BENNETT DIRECT PO BOX 0015 MILWAUKEE WI 53201 TELEPHONE CAMPAIGN 0 318321 146560 171761 318321 146560 171761 MN WI SYMPHONY BALL 1290358 645375 644983 56275 216059 6400 291250 1290358 645375 644983 56275 216059 6400 291250 569984 74999 1 X X X X 0 0 0 0 0 0 0 0 0 MICHELLE MILLER BURNS PRESIDENT & CEO 484378 0 0 0 0 0 13200 0 21899 0 519477 0 0 0 IVAN WINSHIP CFO 277391 0 0 0 0 0 11292 0 30587 0 319270 0 0 0 ERIN KEEFE MUSICIAN 272215 0 12000 0 0 0 9644 0 21736 0 315595 0 0 0 NATHAN HUGHES MUSICIAN 265543 0 16959 0 0 0 9610 0 831 0 292943 0 0 0 CAROLYN EGEBERG VP OF ADVANCEMENT 246586 0 0 0 0 0 10085 0 21488 0 278159 0 0 0 ROBERT WRIGHT MUSICIAN 190574 0 2458 0 0 0 9643 0 30424 0 233099 0 0 0 FEI XIE MUSICIAN 187668 0 1985 0 0 0 9644 0 30424 0 229721 0 0 0 SHERI NOTARO VP OF PEOPLE AND CULTURE 194763 0 0 0 0 0 925 0 30201 0 225889 0 0 0 X 34 4594817 FMV X AUCTION ITEMS 93 56275 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, THE CHAIR-ELECT, THE IMMEDIATE PAST CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, ANY SUCH OTHER OFFICERS AS THE BOARD MAY DESIGNATE, BOARD MEMBER COMMITTEE CHAIRS, AND, IN ADDITION TO SUCH PERSONS, UP TO THREE (3) AT LARGE MEMBERS SELECTED FROM THE REGULAR AND LIFE DIRECTORS. THE EXECUTIVE COMMITTEE, SUBJECT AT ALL TIMES TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD. ONE-THIRD OF THE MEMBERS OF THIS COMMITTEE SHALL CONSTITUTE A QUORUM, AND THEY SHALL MEET AT SUCH TIMES AS THE CHAIR MAY APPOINT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MANAGEMENT AND THE AUDIT COMMITTEE REVIEWED IT IN DETAIL PRIOR TO FILING WITH THE IRS. THE AUDIT COMMITTEE CONSISTS ENTIRELY OF BOARD MEMBERS AND APPROVED THE FORM 990 ON BEHALF OF THE ENTIRE BOARD. THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS ASKS EACH BOARD MEMBER TO REVIEW THE ASSOCIATION'S CONFLICT OF INTEREST POLICY AND SIGN A DISCLOSURE FORM LISTING ANY POSSIBLE CONFLICTS OF INTEREST. THE SIGNED FORMS ARE REVIEWED AND DISCUSSED BY THE GOVERNANCE COMMITTEE, WHICH DECIDES WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT OF A CONFLICT, THE DIRECTOR NOTIFIES THE BOARD CHAIR OF THE CONFLICT AND DISCLOSES ALL RELATED MATERIAL INFORMATION. THAT DIRECTOR MAY NOT PARTICIPATE IN THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL INFORMATION AND RESPOND TO QUESTIONS. THAT DIRECTOR MAY NOT PARTICIPATE IN THE VOTE CONCERNING WHETHER TO ACCEPT THE CONTRACT OR TRANSACTION RELATING TO THE CONFLICT. ALL BOARD MEETING PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION OF THE CEO AND MUSIC DIRECTOR IS REVIEWED AND DETERMINED BY THE COMPENSATION/HUMAN RESOURCES COMMITTEE. IN RELATION TO COMPENSATION, THE COMMITTEE KEEPS A PERMANENT RECORD OF PROCEEDINGS, INCLUDING A REPORT AND RECOMMENDATIONS, AS WELL AS ANY MAJOR DECISIONS. WHEN THERE IS A NEW CONTRACT, THE COMPENSATION/HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION, THEN RECOMMENDS IT FOR APPROVAL TO THE EXECUTIVE COMMITTEE AND THE FULL BOARD OF DIRECTORS. THE REVIEW PROCESS WAS LAST UNDERTAKEN IN 2023. ON AN ANNUAL BASIS, THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, OTHER THAN THE CEO AND MUSIC DIRECTOR, IS REVIEWED AND DETERMINED BY THE CEO AND DIRECTOR OF HUMAN RESOURCES. LOCAL MARKET DATA AND INDUSTRY DATA ARE UTILIZED IN THE DETERMINATION. COMPENSATION IS DOCUMENTED IN PERSONNEL FILES. ANNUALLY, THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES ANY COMPENSATION CHANGES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE SHARED UPON REQUEST WITH ANY ENTITY, INCLUDING INDIVIDUALS, FOUNDATIONS AND CORPORATIONS. THE FINANCIAL STATEMENTS ARE ALSO RELEASED TO THE PUBLIC IN A SUMMARIZED VERSION THROUGH AN ANNUAL REPORT AND THROUGH THE FORM 990, WHICH IS AVAILABLE ON THE INTERNET. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION & TRUST 3,898,556. CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS -592,347. DRAWS MNORCH VENTURES LLC 1111 NICOLLET MALL MINNEAPOLIS MN 55403 INVESTMENT MN 0 1000 MINNESOTA ORCHESTRAL ASSOCIATION THE OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA 80 SOUTH EIGHTH STREET MINNEAPOLIS MN 55402 416429379 INVESTMENT MN 501(C)(3) LINE 12A, I MINNESOTA ORCHESTRAL ASSOCIATION 1 PORT OF MINNEAPOLIS LLC 701 1ST AVE N MINNEAPOLIS MN 55403 COMMUNITY PERFORMING ARTS CENTER MN MINNESOTA ORCHESTRAL ASSOCIATION RELATED 1000 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0