2020-07-01T15:56:55-07:00 2019-08-31 990 2018-09-01 042103550 BOSTON SYMPHONY ORCHESTRA INC BOST 6172661492 301 Massachusetts Avenue Boston MA 02115 Evelyn Barnes Chief Financial Officer 6176389211 2020-07-01 104.129.83.46 2018 2020-09-23 17:36:50Z Mark Volpe 301 Massachusetts Avenue Boston MA 02115 223471420 0 X www.bso.org X 1918 MA The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 42 41 1336 1173 -122073 82359 41918427 37423480 42760336 41278495 20304000 10801217 5613932 6372813 110596695 95876005 0 0 0 0 56766024 57857638 0 0 6568169 48867446 51914459 105633470 109772097 4963225 -13896092 609309578 593071088 70740983 96820536 538568595 496250552 The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 0 0 82071970 0 39965952 Orchestra Music Programs: The BSO's two beloved orchestral ensembles-the Boston Symphony and Boston Pops-offered 405 concerts reaching more than 1.141 million audience members. Internationally recognized as one of the finest orchestras, the BSO is one of the largest orchestral organizations in the world as measured by scope of its operations. Within the U.S., it is the fourth-largest performing arts institution. In 2018-2019, the BSO welcomed 213,790 patrons to Symphony Hall for its winter season, 202,270 for its Holiday and Spring Pops seasons, 194,860 attended a concert at Tanglewood in Lenox, MA. 28,010 attended Youth and Family Concerts and High School Open Rehearsals and 502,150 enjoyed community concerts offered across the Greater Boston region, including the Boston Pops July 4th concert on the Charles River Esplanade. Highlights included: the opening of the new Linde Center for Music and Learning on the grounds of Tanglewood, which houses the Tanglewood Learning Institute and its year-round roster of innovative programming and performance and rehearsal spaces for the Tanglewood Music Center. The Boston Symphony Children's Choir became the newest permanent ensemble within the symphony, enriching and expanding the BSO's repertoire while giving children an extraordinary choral education. The Boston Pops performed its first ever sensory friendly concert designed for families with a child or adult who is impacted by the autism spectrum disorder. 4776927 0 409244 Education and Community Programs: Education and community programs are integral to the BSO's mission and are delivered via: 1) The Tanglewood Music Center (TMC), BSO's summer academy for rising professional musicians; and 2) Education and Community Engagement Department programs. The TMC is a bridge from the conservatory to the professional world. Promising young musicians study with some of the world's finest practitioners as they prepare for successful performing careers. In 2019, the TMC provided 141 of the world's most promising young musicians-from 24 states and 12 countries-the opportunity to engage in intensive, performance-oriented work with BSO musicians, resident and guest faculty members, and guest artists. The TMC Fellows studied orchestral and chamber music, with an emphasis on contemporary music, vocal repertoire from art song to opera, composition, and conducting. They presented 26 orchestral, vocal, and chamber concerts throughout the summer, including the week-long Festival of Contemporary Music enjoyed by 11,710 audience members. The TMC also functions as a think tank for faculty, who have the time and talent to explore uncharted directions in composition, conducting, and collaboration to advance and influence the field. Education and community engagement programs reached more than 31,000 students, teachers, and families, many of whom came from low-income households in and around Boston. Highlights included: 1) 16 Youth and Family Concerts and High School Open Rehearsals where 23,775 tickets were distributed and children under age 18 attended Family Concerts for free. 1,534 students from 27 Boston Public Schools received free tickets to Youth Concerts. 2) Approximately 2,150 people attended a Community Chamber Concert, where BSO musicians performed in small ensembles around the region including Framingham, Roxbury, Worcester, and Watertown. 3) Symphony for Our City is a partnership between the BSO and 11 Greater Boston nonprofit organizations serving diverse populations. 372 clients of the nonprofits attended BSO, Pops, and Tanglewood performances. 4) Days in the Arts (DARTS): 368 students participated in a week-long residential summer arts immersion program. Thanks to the BSO's generous tuition subsidies, students from urban, suburban, and rural communities gained confidence as they explored different art forms as creators and audience members. 3769613 0 2070044 Historic Preservation and Conservation and Facility Rental: The BSO's two main properties, Symphony Hall and Tanglewood, have long and significant histories and both attract visitors from near and far. Symphony Hall's acoustic qualities have earned it a place among the top three concert auditoriums in the world, a fact underscored by the hall's 1999 designation as a National Historic Landmark. Symphony Hall resonates with more than a century of performances by key artists. It is also a key performance venue for a number of ensembles and presenters, including the Handel and Haydn Society, the Celebrity Series of Boston, and the Boston Youth Symphony Orchestra. The hall has a 2625 seat capacity. Located in the Berkshire hills of Lenox, Massachusetts and established in 1936 by then-Music Director Serge Koussevitzky, Tanglewood is the summer home of the BSO. Its performance venues-Koussevitzky Music Shed, Seiji Ozawa Concert Hall, and Linde Center-and 80 ancillary buildings are located on 526 pastoral acres in the Berkshire hills in western Massachusetts. The grounds are open to the public year-round. Tanglewood attracts more than 200,000 visitors annually and presents ten weeks of diverse programming, including BSO, Pops, and Tanglewood Music Center concerts. Built in 1938, the Koussevitzky Music Shed is a seasonal hall open on three sides with 5,121 seats and additional seating for more than 10,000 on the surrounding lawn. BSO concerts are performed in the shed. Opened in 1994, Seiji Ozawa Hall is a brick and wood structure that provides a venue for chamber music performances and serves as the headquarters of the Tanglewood Music Center. It seats 750 audience members on the orchestra level and an additional 450 in the two balconies, as well as hundreds more on the lawn. This year, the BSO completed a $70 million Tanglewood Forever campaign, which included $43 million for facilities and landscape improvements; $23 million in endowment funds to support Tanglewood programs; and $4 million for existing and new learning and community programs. 496098 0 124472 Electronic Media: In addition to creating music for live audiences, the BSO reaches millions who listen via record, radio broadcast, and digital media. Local broadcasts of BSO concerts can be heard on 99.5 Classical New England (a subsidiary of public radio station WGBH) and are available to stream via the WGBH website. During the summer, WAMC Northeast Public Radio broadcasts Friday, Saturday, and Sunday BSO performances at Tanglewood reaching audiences across seven mid-Atlantic and New England states. Online engagement broadened the BSO's reach worldwide: 1.8 million unique users visited the BSO's website. Users streamed 44,000 BSO podcasts and BSO videos were accessed on YouTube 2,500,000 times. The BSO's social media following continues to grow. Social media followers (Facebook, Instagram, Twitter) totaled 467,738 across all BSO brands. 121,823 users accessed archival information on the BSO's online archival portal, collections.bso.org. 104036 0 83060 Merchandise Sales: The Boston Symphony operates retail shops at both Symphony Hall and Tanglewood. These shops sell recordings of the BSO and other featured performers, books, music, posters and clothing and other items that serve to promote and disseminate the name and music of the Boston Symphony, Boston Pops and Tanglewood. 600134 0 207532 91218644 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 589 0 1 1336 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 42 41 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA NJ NY X Evelyn Barnes 6176389211 301 Massachusetts Avenue Boston MA 02115 X William F Achtmeyer Trustee 2 0 X 0 0 0 Noubar Afeyan Trustee 2 X 0 0 0 David Altshuler Trustee 2 X 0 0 0 Gregory E Bulger Trustee 2 X 0 0 0 Ronald G Casty Trustee 2 X 0 0 0 Susan Bredhoff Cohen Trustee 2 X 0 0 0 Richard F Connolly Jr Trustee 2 X 0 0 0 Cynthia Curme Trustee 2 X 0 0 0 William Curry Trustee 2 X 0 0 0 Alan J Dworsky Trustee 2 X 0 0 0 Phillip J Edmundson Trustee 2 X 0 0 0 Thomas E Faust Jr Trustee 2 X 0 0 0 Todd R Golub Trustee 2 X 0 0 0 Michael Gordon Trustee 2 X 0 0 0 Nathan Hayward III Trustee 2 X 0 0 0 Ricki Tigert Helfer Trustee 2 X 0 0 0 Brent L Henry Trustee 2 X 0 0 0 Albert A Holman III Trustee 2 X 0 0 0 Barbara W Hostetter Trustee 2 X 0 0 0 Stephen Kay Trustee 2 X 0 0 0 Edmund Kelly Trustee 2 X 0 0 0 Stephen W Kidder Trustee 2 X 0 0 0 Jeffrey Leiden MD PhD Trustee 2 X 0 0 0 Joyce G Linde Trustee 2 X 0 0 0 John M Loder Trustee 2 X 0 0 0 Nancy K Lubin Trustee 2 X 0 0 0 Joshua A Lutzker Treasurer 2 X X 0 0 0 Carmine A Martignetti Trustee 2 X 0 0 0 Robert J Mayer MD Trustee 2 X 0 0 0 Susan W Paine Chair 2 X X 0 0 0 Peter Palandjian Trustee 2 X 0 0 0 Pamela L Peedin Trustee 2 X 0 0 0 Steven R Perles Trustee 2 X 0 0 0 Lina S Plantilla MD Trustee 2 X 0 0 0 Carol Reich Trustee 2 X 0 0 0 Arthur I Segel Trustee 2 X 0 0 0 Wendy Shattuck Trustee 2 X 0 0 0 Theresa M Stone Trustee 2 X 0 0 0 Nicole M Stata Trustee 2 X 0 0 0 Caroline Taylor Trustee 2 X 0 0 0 Dr Christoph Westphal Trustee 2 X 0 0 0 D Brooks Zug Trustee 2 X 0 0 0 Mark Volpe CEO and President 50 1 X 998208 0 42741 Evelyn Barnes Chief Financial Officer 50 1 X 279267 0 35639 Bart Reidy Clerk of the Board 50 0 X 249276 0 42854 Malcolm Lowe Concertmaster 40 0 X 480469 0 32797 John A Ferrillo Jr Principal Oboe 40 0 X 312955 0 66975 Steven Ansell Principal Viola 40 0 X 291595 0 60251 Thomas C Rolfs Jr Principal Trumpet 40 0 X 291326 0 69136 Timothy Genis Timpanist 40 0 X 282126 0 27480 3185222 0 377873 155 0 1 0 Andris Nelsons Konzertdirektion Schmid 40 St Martins Lane London UK UK WC2N 4ER Services of A. Nelsons 1787000 Tisbury Tours Inc 2000 Avenue of the Stars C/O Creative Artists Agency Los Angeles CA 90067 Perform concerts 1183546 Isole Inc 252 Kent Street Brookline MA 02446 Services of K. Lockhart 865176 Universal Protection Service LP PO Box 828854 Philadelphia PA 19182 Contracted security 808727 Opus 3 Artists LLC 470 Park Ave South New York NY 10016 Manager of Performance Artists 661121 41 0 0 3593575 0 383250 33446655 3944726 37423480 Concerts & Tours 900099 39965952 39965952 0 0 Program Advertising 541800 619864 0 619864 0 Education 900099 409244 409244 0 0 Parking 900099 158963 0 0 158963 Electronic Media 900099 124472 124472 0 0 0 0 0 0 41278495 2262865 0 0 2262865 0 0 0 0 0 0 0 0 5248145 0 1582899 0 3665246 0 3665246 2070044 0 1595202 133060727 0 124522375 0 8538352 0 8538352 0 -1127019 9665371 427411 3593575 906058 -478647 0 -478647 0 0 0 0 0 0 1052225 584083 468142 83060 385082 0 Food & Beverage 900099 2718072 0 0 2718072 0 0 0 0 2718072 95876005 42652772 -122073 15921826 X 0 0 0 0 0 0 0 0 1647985 0 1355855 292130 0 0 0 0 44251424 37472478 3470096 3308850 2704128 2422537 18402 263189 6154040 5466715 31693 655632 3100061 2606859 227647 265555 75000 75000 0 0 211118 75724 135394 0 188585 0 188585 0 56092 0 0 56092 0 0 1969105 1969105 0 0 17237817 17085902 151740 175 3712015 3668601 428 42986 2556744 1820124 79387 657233 1725999 101999 1616238 7762 36847 36847 0 0 4038873 2544284 1463821 30768 6480625 6148196 110009 222420 0 0 0 0 86024 50544 16423 19057 315850 108386 185463 22001 0 0 0 0 6354204 5205674 714254 434276 592865 31267 561598 0 Concert production expenses 1615247 1247989 367258 0 Credit card fees 909110 789708 55866 63536 3752339 2290705 1235127 226507 109772097 91218644 11985284 6568169 20962521 18442732 1200187 1212213 19375051 16490405 4294580 3397962 0 0 0 0 0 542902 514524 3383783 2564843 182189821 98739423 76410284 83450398 122261203 130783895 319272974 296042757 41606093 40171359 609309578 593071088 14548596 12039261 9320088 9702981 10000000 10000000 36872299 65078294 70740983 96820536 X 97693730 64154309 217544761 206297985 223330104 225798258 538568595 496250552 609309578 593071088 X -13896092 310722 0 0 0 -28732673 X 0 1 X 1 0 X 41549636 32924905 33247404 41918427 37423480 187063852 0 0 0 0 0 0 0 0 0 0 0 0 41549636 32924905 33247404 41918427 37423480 187063852 20341056 166722796 4575437 4818637 6080385 6446440 5440966 27361865 1043977 590247 332543 573842 0 2540609 0 0 0 0 0 0 216966326 210891269 0.76843 0.81622 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 56092 0 0 56092 0 Schedule C, Part II-B, Line 1 The lobbying activities of the BSO address issues such as state funding and proposed legislation related to historic preservation, tourism, transportation, and education all in the context of the arts and not-for-profit organizations. A small allocation of the salary of one employee who engages in lobbying activities on the issues noted above is included in the amount reported. 471546000 6067000 10517000 0 32232000 0 455898000 477751000 8862000 30201000 0 45268000 0 471546000 446379000 9932000 51052000 0 29612000 0 477751000 450319000 7724000 18448000 0 30112000 0 446379000 474899000 8892000 -13587000 0 19885000 0 450319000 0.13 0.4759 0.3941 1 1 1 0 6749799 6749799 0 120196495 62301478 57895017 0 0 0 0 0 42918102 30116198 12801904 0 12325425 6321747 6003678 83450398 Marketable Alternatives 235046974 F Illiquid Assets 25788674 F Real Assets 14161201 F Real Estate 12411764 F Investment in 263 & HALP 8634144 F 296042757 Assets Held by Others 29071145 Assets of Split Int Agreements 11100214 40171359 Accrued Liability for Pension and Post Retirement 65078294 65078294 X 96035938 310722 362455 0 -34280 638897 95397041 1969105 -1490141 478964 95876005 109655599 362455 0 0 1490152 1852607 107802992 1969105 0 1969105 109772097 Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 - The purpose of the endowment is to provide enduring support for the mission of the Orchestra by releasing a substantial and reliable flow of funds to the operating budget. The income earned on the Orchestra's endowment assets may be used for the general or donor-restricted purposes and is recorded as unrestricted net assets or temporarily restricted net assets, as appropriate. Schedule D, Part VI, Line 1e Other includes land improvements and related depreciation and construction in progress. Schedule D, Part VII, Line 3 The investment in 263 HA Limited Partnership is valued at net cost plus accumulated earnings reduced by distribution to the BSO. Schedule D, Part X, Line 2 The Orchestra accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Orchestra has identified its tax status as a tax exempt entity and its determinations relative to income that is considered related and unrelated as its only significant tax positions; however, the Orchestra has determined that such tax positions do not result in an uncertainty requiring recognition. The Orchestra is not currently under examination by any taxing jurisdiction. Its federal and state income tax returns are generally open for the past three years following the date filed by the appropriate tax authorities. Schedule D, Part XI, Line 2d Schedule D, Part XI, Line 2d - Change in value of split interest agreements. Schedule D, Part XI, Line 4b Schedule D, Part XI, Line 4b - Cost of goods sold of ($584,083) and reclass of fundraising expense of $(906,058) Schedule D, Part XII, Line 2d Schedule D, Part XI, Line 4b - Cost of goods sold of $584,083 and reclass of fundraising expense of $906,069 Central America and the Caribbean 0 0 Investments 78073415 Europe (including Iceland and Greenland) 0 0 Program Services Concert tour 3229476 0 0 81302891 1 0 1 1 1 0 Opening Gala 1308593 1240364 68229 0 0 0 72007 6438 154739 Corporate Event 992524 784416 208108 0 0 0 71054 10875 82179 2 1719869 1568795 151074 0 0 0 195899 0 312867 4020986 3593575 427411 0 0 0 338960 17313 549785 906058 -478647 X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Mark Volpe CEO and President 650540 0 0 0 347668 0 7392 0 35349 0 1040949 0 0 0 Evelyn Barnes Chief Financial Officer 277397 0 0 0 1869 0 8250 0 27389 0 314905 0 0 0 Bart Reidy Clerk of the Board 248907 0 0 0 369 0 7350 0 35504 0 292130 0 0 0 Malcolm Lowe Concertmaster 473525 0 0 0 6944 0 0 0 32797 0 513266 0 0 0 John A Ferrillo Jr Principal Oboe 307318 0 0 0 5637 0 30164 0 36811 0 379930 0 0 0 Steven Ansell Principal Viola 271368 0 0 0 20227 0 22920 0 37331 0 351846 0 0 0 Thomas C Rolfs Jr Principal Trumpet 278879 0 0 0 12447 0 31581 0 37555 0 360462 0 0 0 Timothy Genis Timpanist 233521 0 0 0 48606 0 26618 0 1222 0 309967 0 0 0 Schedule J, Part I, Line 1a In connection with the business needs of the Boston Symphony Orchestra (BSO), charter travel is used when transporting large number of personnel in connection with the Orchestra's touring. As a general rule. the BSO does not provide first class travel for employees. 2) In rare instances, the CEO and President's spouse may travel with him for donor cultivation and fundraising purposes. Events attended are related to business purposes of the BSO. Such travel is entered into and substantiated in accordance with the spousal travel policy adopted by the BSO. 3) Housing for Mark Volpe, CEO and President, is provided during the summer for the convenience of the BSO in connection with the Orchestra's activities away from Boston at Tanglewood, and is not considered taxable. Schedule J, Part I, Line 4 The compensation reported for Mark Volpe, CEO and President, for calendar year 2018 includes Base Compensation of $650,540. Other Reportable Compensation includes, 1) taxable fringe in the amount of $12,710 mainly for life and disability insurance and for personal use of a vehicle provided by the BSO; 2) contributions of $18,500 made by Mr. Volpe into a 457(b) plan; and 3) a payment of $316,458 which represents the current year obligation related to a retirement compensation plan established for Mr. Volpe in fiscal year 2007 in recognition of his 10 years of outstanding service to the BSO. As amended in 2013, the plan is to provide Mr. Volpe an annual retirement benefit at age 60 equal to approximately 50% of the average compensation earned during his last 5 years of employment. An irrevocable portion of this benefit is accrued and paid each year that he is employed. Tisbury Tours company owned by spouse of Trustee 1183546 Engaged to perform concerts 0 X 105 3582932 Fair Market Value X Transportation 4 223443 Fair Market Value X Piano 1 42000 Fair Market Value X Hospitality Goods 17 96351 Fair Market Value 1 0 1 0 Schedule M, Part I Column B responses represent the number of contributions. Form 990, Part I, Line 6 Volunteers comprise the 681 members of the Boston Symphony Association of volunteers (BSAV), who provide a variety of services both at Symphony Hall and Tanglewood; 218 volunteer members of the Tanglewod Festival Chorus (TFC), who donate their time and talent performing year-round with the Boston Symphony Orchestra and the Boston Pops Orchestra; 43 voting trustees and 231 non-voting members of the governing body. Form 990, Part VI, Section A, Line 2 Form 990, Part VI, Section A, Line 2 - Trustee Stephen Kay serves on the Board of the Dana-Farber Cancer Institute. The Dana-Farber Cancer institute employs another trustee, Dr. Robert J. Mayer, MD. Form 990, Part VI, Section A, Line 4 The bylaws were revised, effective September 1, 2018. The main goals of the revision included: 1) Creating a simplified and more rational committee structure; 2)Renaming the top administrative position to President and CEO, effective September 1, 2018; 3) Removing the cap on the number of Trustees, which had been set at 36; 4) Moving to quarterly Trustees meetings, with three-hour meetings that would have substantive topics and considerable discussion; and 5) Shifting the start of the Board year from September 1 to March 1, beginning in 2019. Effective September 1, 2018, the officers of the Corporation shall be the Trustees Board Chair, the President, the Chief Financial Officer, and the Clerk. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by BSO management and reviewed by a paid preparer. The complete 990 is then reviewed by the Audit, Risk, and Compliance Committee of the Board of Trustees. The Audit, Risk, and Compliance Committee reviews each section and schedule of the 990, focusing on key changes and substantive disclosures. Subsequent to this review, a copy of the final draft 990, which is the version to be filed with the IRS, is placed in a password-protected website of all members of the Board of Trustees to review in advance of their next board meeting. All members of the Board of Trustees receive an email notifying them that the Form 990 is available for review on the site. The final 990 is signed by the Chief Financial Officer and the paid preparer. Form 990, Part VI, Section B, Line 12c The Boston Symphony Orchestra has a Conflict of Interest Policy that encompasses all employees and board members. The policy requires that Trustees, Officers, Advisors, Ex-Officio board members, members of a committee with board-delegated powers, senior staff members or any other person with substantial influence over the BSO disclose the existence of any potential or actual conflicts of interest to the Board or to the Executive Committee. The Board or Executive Committee then discusses and votes to determine whether an actual conflict of interest exists. If a conflict exists, the Board or Executive Committee evaluates the particular transaction or arrangement to determine the most reasonable course of action. The individual who disclosed the conflict must leave the Board or Executive Committee meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. Additionally, the policy also requires any staff member that has information about a possible conflict, to report the matter, promptly, to his or her supervisor, the Director of Human Resources, or the Chief Financial Officer. The Director of Human Resources and the Chief Financial Officer will review the circumstances of the possible conflict with other, appropriate, management to make the determination about the most reasonable course of action. A breach of the conflict of interest policy is grounds for disciplinary action, up to and including termination. Additionally, on an annual basis, all Trustees, Officers, Advisors, Ex-Officio Board members, members of a committee with board delegated powers, senior staff members or any person with substantial influence over the BSO is provided with a copy of the policy and must sign a statement affirming that they have received, read, and understand the policy; they must also affirm that they agree to comply with the policy. As part of this Annual Notice of Policy, each individual is required to disclose any potential or actual conflicts of interest in writing. All responses indicating a potential or actual conflict are subject to review by the Board or Executive Committee as described above. Form 990, Part VI, Section B, Line 15 The BSO has a designated Compensation Committee, comprised of trustees of the BSO, which sets the process for determining and approving compensation for officers and key employees. The Compensation Committee's process includes: (a) development and consideration of comparability data to provide the bases for the Committee's decisions and (b) consideration of (i) applicable accounting and disclosure rules, (ii) emerging trends in corporate governance, and (iii) standards and guidelines promulgated by the Division of Public Charities of the Massachusetts Office of the Attorney General (collectively, the "Compensation Process"). Deliberations of the Compensation Committee in connection with the Compensation Process are contemporaneously documented. When evaluating officers and key employees, the Compensation Committee carefully considers the following factors: (i) duties and responsibilities, (ii) background and experience, (iii) dedication, commitment and work schedule, (iv) leadership, management, and professional skills, (v) overall performance and standing, (vi) BSO's salary scale of employees generally, and (vii) the BSO's annual budget. The Compensation Committee's most recent review of officer and key employee compensation occurred in 2016. Form 990, Part VI, Section C, Line 19 The Boston Symphony Orchestra's audited financial statements, conflict of interest policy and other governing documents are available upon request. Form 990, Part VII, Section A, Line 1b Compensation reported is based on the calendar year 2018 amounts. Form 990, Part VII, Section B, Line 1(C) Compensation reported is based on calendar year 2018 results. Form 990, Part IX, Line 11g Comprises of $16,747,186 of artistic and other concert related fees and $490,631 and other services. Form 990, Part XI, Line 9 Other changes in net assets or fund balances of ($28,732,673) comprise of the change in value of the split interest agreements of ($34,281) and retirement plan-related charges and other than net periodic benefit costs of ($28,698,392). Boston 4 Celebrations Foundation Inc 301 Massachusetts Avenue Boston MA 02115 043311403 Provide for public celebration on July 4th MA 501 (c) (3) III-FI Boston Symphony Orchestra Inc 1 263 HA Limited Partnership 301 Massachusetts Avenue Boston MA 02115 Real Estate MA 263 Realty Corporation Excluded 1684164 9131089 0 0 0.99 263 Realty Corporation 301 Massachusetts Avenue Boston MA 02115 043252433 Real Esatate MA Boston Symphony C 15493 60947 1 1 Trust 301 Massachusetts Avenue Boston MA 02115 Trust MA Boston Symphony T 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 1 263 HA Limited Partnership k 352201 Fair market value. 263 HA Limited Partnership s 1339713 Actual partnership distribution.