2020-06-08T12:40:40-05:00 2019-08-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2018-09-01 351812636 INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION INC INDI 3172621100 32 EAST WASHINGTON STREET NO 600 INDIANAPOLIS IN 462042919 ADAM WHITE CONTROLLER 3172927092 2020-05-29 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2020-05-29 208.38.246.36 2020-05-29 05:14:21 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C8DC32B061ADB9507BFD8B88F407401AD82BCEB3 2018 2020-09-23 17:36:50Z ADAM WHITE 32 EAST WASHINGTON STREET NO 600 INDIANAPOLIS IN 462042919 33590240 0 X N/A X 1990 IN THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS. 9 9 0 0 175773 -12756 638905 2352831 1380803 1380572 11226933 3833027 40915 141102 13287556 7707532 6754476 7781540 0 0 0 0 0 0 0 1153708 1482533 7908184 9264073 5379372 -1556541 101397219 98318900 719892 472275 100677327 97846625 X THE INDIANAPOLIS SYMPHONY ORCHESTRA FOUNDATION, INC. (THE "ISO FOUNDATION") WAS FORMED IN SEPTEMBER 1990 FOR THE PURPOSE OF EDUCATING THE PUBLIC AND PROVIDING FINANCIAL AND OTHER SUPPORT TO THE INDIANA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), AN INDIANA NOT-FOR-PROFIT CORPORATION THAT OPERATES THE INDIANAPOLIS SYMPHONY ORCHESTRA. IT IS THE GENERAL PRACTICE OF THE SOCIETY TO TRANSFER CONTRIBUTIONS RAISED, OTHER THAN ANNUAL FUND CONTRIBUTIONS, TO THE ISO FOUNDATION UNLESS A DONOR SPECIFICALLY REQUIRES THE CONTRIBUTION TO BE MAINTAINED BY THE SOCIETY. ALL FUNDRAISING EXPENSES ARE RECORDED AND REPORTED IN THE SOCIETY'S ACCOUNTS. 0 0 8226439 7781540 1521674 PROVIDE SUPPORT TO INDIANA SYMPHONY SOCIETY, INC. 8226439 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X X ADAM WHITE 3172627092 32 EAST WASHINGTON STREET NO 600 INDIANAPOLIS IN 462042919 X TOM GREIN DIRECTOR 2.00 X 0 0 0 MARTHA LAMKIN DIRECTOR 2.00 X 0 0 0 ROBERT H REYNOLDS SECRETARY 2.00 X X 0 0 0 ROBERT D RAMSEY DIRECTOR 2.00 X 0 0 0 KENT HAWRYLUK DIRECTOR 2.00 X 0 0 0 SCOTT DAVIS DIRECTOR 2.00 X 0 0 0 JOHN THORNBURGH CHAIR 2.00 X X 0 0 0 JILL MARGETTS TREASURER 2.00 X X 0 0 0 SUSAN RIDLEN DIRECTOR 2.00 X 0 0 0 STEVE HAMILTON RETIRED 92019 ASSISTANT TREASURER 2.00 37.50 X 0 183907 19269 0 183907 19269 0 0 1 0 CAMBRIDGE ASSOCIATES LLC 125 HIGH STREET BOSTON MA 02110 INVESTMENT ADVISOR 187500 1 2352831 2352831 RENT - HILBERT CIRCLE THEATRE 900099 850000 850000 RENT - SYMPHONY CENTRE 900099 400000 400000 CIRCLE TOWER RENT 900099 130572 130572 1380572 946324 175773 770551 28768346 1065 25881992 716 2886354 349 2886703 2886703 ANNUITIES EARNINGS 900099 141102 141102 141102 7707532 1521674 175773 3657254 7781540 7781540 18900 18900 898310 898310 23835 23835 130572 130572 18480 18480 314327 314327 ADMIN SERVICE FEE 50000 50000 MISCELLANEOUS 28109 28109 9264073 8226439 1037634 0 1 3128520 1290560 1522709 1608344 143151 79763 682400 435800 83333 10720497 6615125 4419698 4105372 30395779 24557688 60023618 63688912 998011 2552460 101397219 98318900 37492 36475 682400 435800 719892 472275 X 59477606 55980687 8539249 8704466 32660472 33161472 100677327 97846625 101397219 98318900 X -1556541 -1273257 -904 X X 0 1 X 1 0 X X 1 INDIANA SYMPHONY SOCIETY INC 350998627 7 1 7771927 0 1 7771927 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE INDIANA SYMPHONY SOCIETY, INC. (SOCIETY) IS THE SUPPORTED ORGANIZATION FOR THE FOUNDATION. THE MAIN ACTIVITY OF THE FOUNDATION IS TO MANAGE THE INVESTMENTS, INCLUDING REAL ESTATE, THAT DERIVED FROM CONTRIBUTIONS THAT WERE LONG TERM IN NATURE. THIS ACTIVITY FURTHERS THE EXEMPT PURPOSE OF THE SOCIETY BY ALLOWING THE FOUNDATION TO PROVIDE FUNDING TO THE SOCIETY TO COVER EXPENSES RELATED TO ITS EXEMPT PURPOSE. THE FOUNDATION IS RESPONSIVE TO THE SOCIETY AS IT PROVIDES AN OPERATING GRANT EACH YEAR AND IT IS WILLING TO HEAR REQUESTS FROM THE SOCIETY FOR SPECIAL GRANTS WHEN THE NEEDS ARISE THAT ARE IN ADDITION TO THE YEARLY OPERATING GRANT. THE FOUNDATION WILL DECIDE WHETHER TO APPROVE OR DENY THE REQUEST BY THE SOCIETY ON A CASE BY CASE BASIS. THE FOUNDATION HAS DETERMINED THAT MANAGING THE INVESTMENTS , INCLUDING REAL ESTATE IS SUBSTANTIALLY ALL OF ITS ACTIVITIES BECAUSE IT MAKES UP 95% OF ITS ASSETS. PART IV, SECTION E, LINE 2B: IF THE FOUNDATION DID NOT EXIST, THE ACTIVITIES DESCRIBED FOR LINE 2A, WOULD STILL HAVE TO BE DONE AS IT WOULD NOT BE PRUDENT TO LEAVE $90 MILLION OF INVESTMENTS AND $4 MILLION OF REAL ESTATE UNMANAGED. THEREFORE, IF THE FOUNDATION DID NOT ENGAGE IN THIS ACTIVITY, THE SOCIETY WOULD NEED TO MANAGE THEM ITSELF. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36437597 501000 282415 492311 36728701 35646389 111000 1103191 422983 36437597 34461941 12500 1599437 427489 35646389 34546103 15000 326712 425874 34461941 34607148 117850 248538 427433 34546103 0.00000 0.90290 0.09710 0 0 600000 600000 10083341 6577969 3505372 37156 37156 0 4105372 INVESTMENT PARTNERSHIPS AND PRIVATE EQUITY FUNDS 63688912 F 63688912 X 5535061 -1273257 -904 -1274161 6809222 898310 898310 7707532 8365763 0 8365763 898310 898310 9264073 PART V, LINE 4: TO SUPPORT THE INDIANA SYMPHONY SOCIETY, INC. PART X, LINE 2: THE ISO FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE LAW. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ISO FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE ISO FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ISO FOUNDATION, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2019 AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ISO FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE ISO FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ISO FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, BOTH OF WHICH ARE INFORMATIONAL RETURNS ONLY. THE ISO FOUNDATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH AUGUST 31, 2018. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN NPV - CHARITABLE GIFT ANNUITY -904. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS NONE 35916803 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS NONE 6675328 0 0 0 0 0 0 42592131 0 42592131 1 0 0 0 1 0 1 INDIANA SYMPHONY SOCIETY INC 32 EAST WASHINGTON STREET NO 600 INDIANAPOLIS IN 462042919 350998627 501(C)(3) 7771927 TO FUND OPERATING EXPENSES, RENT, EDUCATION, AND ARTISTIC ENDEAVORS. INDIANAPOLIS SYMPHONY ORCHESTRA ASSOCIATION 32 EAST WASHINGTON STREET SUITE 600 600 INDIANAPOLIS IN 462042919 352024219 501(C)(3) 9613 TO FUND THE MAURER YOUNG MUSICIAN CONTEST 2 0 PART I, LINE 2: THE ORGANIZATION HAS DIRECT ACCESS TO THE BOOKS OF THE INDIANA SYMPHONY SOCIETY, INC AS WELL AS THE INDIANAPOLIS SYMPHONY ORCHESTRA ASSOCIATION. 0 0 0 0 0 0 0 0 0 STEVE HAMILTON RETIRED 92019 ASSISTANT TREASURER 0 162329 0 20000 0 1578 0 4951 0 14318 0 203176 0 0 PART I, LINE 3 COMPENSATION IS PAID BY A RELATED ORGANIZATION, THE INDIANA SYMPHONY SOCIETY, INC. THAT ORGANIZATION USES A COMPENSATION COMMITTEE AND COMPENSATION SURVEY TO DETERMINE CEO'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 3 BEGINNING IN 1995, THE ORGANIZATION ENTERED INTO A SERVICE AGREEMENT WITH THE INDIANA SYMPHONY SOCIETY, INC. (THE SOCIETY) WHEREBY THE SOCIETY PROVIDES THE ORGANIZATION CERTAIN MANAGEMENT SERVICES, INCLUDING ENDOWMENT FUNDRAISING, ADMINISTRATIVE SERVICES, PROVIDING OFFICE SPACE, AND PREPARING FINANCIAL RECORDS AND REPORTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE AUDIT COMMITTEE BEFORE DISTRIBUTION TO THE BOARD. A COPY OF THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND MANAGEMENT WITH SPENDING AUTHORITY. EACH PERSON IS REQUIRED TO SIGN AND RETURN A FORM INDICATING THEY HAVE READ THE POLICY AND HAVE DISCLOSED ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON VERBAL OR WRITTEN REQUEST. FORM 990, PART VII, SECTION A COMPENSATION IN PART VII, SECTION A IS REPORTED BASED ON 2018 CALENDAR YEAR END. FORM 990, PART XI, LINE 9: CHANGE IN NPV - CHARITABLE GIFT ANNUITY -904. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ANSWERED NO TO QUESTIONS 15A AND 15B IN REGARDS TO THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR, OFFICERS, AND KEY EMPLOYEES BEING SUBJECT TO REVIEW AND APPROVAL BY INDEPENDENT PERSONS. HOWEVER, THE ORGANIZATION DOES NOT HAVE EMPLOYEES, THUS THERE IS NO PROCESS FOR DETERMINING COMPENSATION. 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