2019-05-14T21:24:56-05:00 2018-06-30 420714325 RSM US LLP 1 S WACKER DRIVE SUITE 800 CHICAGO IL 60606 990 2017-07-01 362167823 CHICAGO SYMPHONY ORCHESTRA CHIC 3122943333 220 S MICHIGAN AVENUE CHICAGO IL 606042559 JEFF ALEXANDER PRESIDENT 3122943301 2019-05-14 1 ZACK FORTSCH P00052725 3126343400 66.98.98.9 2019-05-14 19:04:01 CD P FE75EC28A6F55E04932F832AF79F9690BAD16F9D 8C7237D2AFEDFB09D88626A2D3FB2BC60A40D8C2 2017 2019-02-21 02:37:17Z JEFF ALEXANDER 220 S MICHIGAN AVENUE CHICAGO IL 606042559 163725264 0 X WWW.CSO.ORG X 1890 IL SEE SCHEDULE O - SUPPLEMENTAL INFORMATION.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. 135 134 1209 900 -280567 -271380 23567693 35070114 30137785 32900867 25489934 13601192 488322 247905 79683734 81820078 83082 16797 0 0 46596214 47366092 498090 465361 4059024 32492232 33491182 79669618 81339432 14116 480646 499889304 508805441 232617343 217523215 267271961 291282226 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 0 50954309 26842892 CHICAGO SYMPHONY ORCHESTRA CONCERTS - DURING THE 2017/18 SEASON, THE CSO PRESENTED 139 PAID AND FREE CONCERT PROGRAMS FOR APPROXIMATELY 278,000 PATRONS. THE CSO PREMIERED THREE WORKS, INCLUDING COMPOSITIONS BY MEAD COMPOSER-IN-RESIDENCE ELIZABETH OGONEK AND CSO VIOLA SECTION MEMBER MAX RAIMI. TWO MAJOR U.S TOURS TO BOTH THE EAST AND WEST COASTS INCLUDED 17 CONCERTS IN 12 CITIES. THE FREE CONCERT FOR CHICAGO LED BY MAESTRO MUTI AT LANE TECHNICAL COLLEGE PREPARATORY HIGH SCHOOL ON CHICAGO'S NORTH SIDE DREW A CAPACITY AUDIENCE OF OVER 2,600 PEOPLE. THROUGHOUT THE SEASON, THE CSO CELEBRATED MASTERWORKS BY ICONIC COMPOSERS, INCLUDING TCHAIKOVSKY, MAHLER, AND BERNSTEIN. THE ORCHESTRA PERFORMED THREE CONCERTS AT WHEATON COLLEGE'S EDMAN MEMORIAL CHAPEL, AND 18 CONCERTS AT RAVINIA PARK AS PART OF THE ANNUAL SUMMER RESIDENCY. 5170759 3868493 SYMPHONY CENTER PRESENTS CONCERTS - THE CHICAGO SYMPHONY ORCHESTRA ASSOCIATION OFFERS CONCERTS BY ACCLAIMED GUEST ARTISTS IN THE FIELDS OF JAZZ, POP, WORLD, AND CLASSICAL MUSIC UNDER THE AUSPICES OF SYMPHONY CENTER PRESENTS. FORTY-SIX CONCERTS WERE PRESENTED DURING THE SEASON, WITH MORE THAN 71,000 TICKETS SOLD. THESE CONCERTS FEATURED ESTABLISHED AND EMERGING ARTISTIC LEADERS AND MUSICIANS PERFORMING A WIDE VARIETY OF MUSICAL STYLES FOR DIVERSE AUDIENCES. SCP PROGRAMS INCLUDE ORCHESTRA, CHAMBER, MUSIC NOW AND PIANO MUSIC SERIES, AND JAZZ AT SYMPHONY CENTER, WHICH IS ONE OF THE MOST COMPREHENSIVE AND ACCLAIMED JAZZ SERIES IN THE COUNTRY. 2813823 422499 EDUCATION CONCERTS AND ACTIVITIES - ACROSS CHICAGO AND AROUND THE WORLD, THE NEGAUNEE MUSIC INSTITUTE CONNECTS INDIVIDUALS AND COMMUNITIES TO THE EXTRAORDINARY RESOURCES OF THE CHICAGO SYMPHONY ORCHESTRA. UNDER THE VISIONARY LEADERSHIP OF CSO ZELL MUSIC DIRECTOR RICCARDO MUTI AND JUDSON AND JOYCE GREEN CREATIVE CONSULTANT YO-YO MA, INSTITUTE PROGRAMMING GIVES BROAD ACCESS TO THE CSO, EDUCATES YOUNG LISTENERS, PROVIDES ADVANCED TRAINING TO YOUNG MUSICIANS AND SERVES THE CITY AND THE WORLD THROUGH MUSIC. ALL CONCERTS AND EVENTS ARE INEXPENSIVE OR OFFERED FREE OF CHARGE TO THE PUBLIC IN ORDER TO DISSOLVE FINANCIAL BARRIERS. IN THE 17/18 SEASON, THE INSTITUTE REACHED APPROXIMATELY 56,000 PEOPLE THROUGH 206 EVENTS WHICH INCLUDED PAID AND FREE CONCERTS, OPEN REHEARSALS, WORKSHOPS AND OTHER PROGRAMS. 129061 RETAIL SALES - MUSIC-RELATED MERCHANDISE IS AVAILABLE FOR PURCHASE AT THE SYMPHONY STORE. 168373 RENTALS AND COMMISSIONS - A CLUB IS AVAILABLE TO DONORS FOR DINING PRIOR TO CSO CONCERTS. 1021235 797965 RENTALS AND COMMISSIONS - PERFORMANCE SPACE PROVIDED TO CHICAGOLAND ARTS ORGANIZATIONS. 438758 355594 RENTALS AND COMMISSIONS - A RESTAURANT AND CONCESSIONS ARE PROVIDED FOR AUDIENCES ATTENDING CONCERTS. 137681 402500 RENTALS AND COMMISSIONS - PARKING LOT PROVIDED FOR AUDIENCES' CONVENIENCE TO ATTEND CONCERTS. 692443 125240 MEDIA AND ROYALTY - RADIO BROADCAST SERIES, IN-HOUSE RECORDING LABEL, AUDIO RECORDINGS IN COMPACT DISC AND DIGITAL DOWNLOAD FORMATS. 2254255 16797 85684 CIVIC ORCHESTRA CONCERTS -- IN THE 17/18 SEASON, THE CIVIC ORCHESTRA - THE ONLY PRE-PROFESSIONAL TRAINING ORCHESTRA OF ITS TYPE ASSOCIATED WITH A MAJOR AMERICAN ORCHESTRA - PRESENTED A SERIES OF SIX CONCERTS IN ORCHESTRA HALL, THE FOURTH ANNUAL BACH MARATHON, AND CONCERTS AT THE SOUTH SHORE CULTURAL CENTER AND NICHOLAS SENN HIGH SCHOOL. THE SEASON BEGAN WITH A RESIDENCY AT DEPAUW UNIVERSITY, WHERE THE CIVIC ORCHESTRA PERFORMED WITH YO-YO MA AS SOLOIST AND OFFERED NUMEROUS CHAMBER PERFORMANCES IN COMMUNITIES AND SURROUNDING THE UNIVERSITY. IN TOTAL, MORE THAN 16,000 PEOPLE ATTENDED FREE, FULL ORCHESTRA AND CHAMBER CONCERTS PRESENTED BY THE CIVIC ORCHESTRA DURING THE 17/18 SEASON.THE CIVIC FELLOWS, A GROUP OF 14 CIVIC ORCHESTRA MUSICIANS WHO ENGAGE IN ADDITIONAL ARTISTIC AND PROFESSIONAL DEVELOPMENT, LED COMMUNITY ENGAGEMENT PROJECTS THROUGHOUT THE METROPOLITAN AREA, MENTORED YOUNG MUSICIANS AT THE PEOPLE'S MUSIC SCHOOL, PERFORMED AT NUMEROUS SCHOOLS THROUGHOUT GREATER CHICAGO AND COLLABORATED WITH STUDENTS TO CREATE NEW ARTWORK, PARTICIPATED IN THE CSO'S INITIATIVE FOR A MORE PEACEFUL CHICAGO, AND PRESENTED THE NEW MUSIC WORKSHOP. 4841806 16797 1766983 63780697 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 195 0 1 1209 1 1 1 0 0 0 0 1 1 0 0 0 0 X 135 134 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 FRANKVP AND CFO 3122943301 220 S MICHIGAN AVENUE CHICAGO IL 606042559 JEFF ALEXANDER PRESIDENT 40.00 X X 505344 0 32197 HELEN ZELL CHAIRMAN 1.80 X X 0 0 0 MARY LOUISE GORNO VICE CHAIRMAN 1.00 X X 0 0 0 ROBERT A KOHL VICE CHAIRMAN 1.10 X X 0 0 0 LIISA THOMAS VICE CHAIRMAN 1.10 X X 0 0 0 JAMES W MABIE TREASURER 0.80 X X 0 0 0 WILLIAM ADAMS IV LIFE TRUSTEE 0.80 X 0 0 0 MRS ROBERT A BEATTY LIFE TRUSTEE 0.10 X 0 0 0 MARSHALL BENNETT LIFE TRUSTEE 0.10 X 0 0 0 ARNOLD M BERLIN LIFE TRUSTEE 0.10 X 0 0 0 WILLIAM G BROWN LIFE TRUSTEE 0.10 X 0 0 0 DEAN L BUNTROCK LIFE TRUSTEE 0.10 X 0 0 0 ROBERT N BURT LIFE TRUSTEE 0.10 X 0 0 0 RICHARD W COLBURN LIFE TRUSTEE 0.40 X 0 0 0 RICHARD H COOPER LIFE TRUSTEE 0.10 X 0 0 0 JAMES S CROWN LIFE TRUSTEE 0.10 X 0 0 0 ANTHONY T DEAN LIFE TRUSTEE 0.10 X 0 0 0 DEBORA DE HOYOS LIFE TRUSTEE 0.30 X 0 0 0 CHARLES DOUGLAS LIFE TRUSTEE 0.20 X 0 0 0 JOHN A EDWARDSON LIFE TRUSTEE 0.10 X 0 0 0 THOMAS J EYERMAN LIFE TRUSTEE 0.10 X 0 0 0 JAMES B FADIM LIFE TRUSTEE 0.30 X 0 0 0 DAVID W FOX SR LIFE TRUSTEE 0.10 X 0 0 0 RICHARD J FRANKE LIFE TRUSTEE 0.10 X 0 0 0 CYRUS F FREIDHEIM JR LIFE TRUSTEE 0.20 X 0 0 0 H LAURANCE FULLER LIFE TRUSTEE 0.10 X 0 0 0 MRS ROBERT W GALVIN LIFE TRUSTEE 0.10 X 0 0 0 PAUL C GIGNILLIAT LIFE TRUSTEE 0.20 X 0 0 0 JOSEPH B GLOSSBERG LIFE TRUSTEE 0.40 X 0 0 0 WILLIAM A GOLDSTEIN LIFE TRUSTEE 0.40 X 0 0 0 HOWARD L GOTTLIEB LIFE TRUSTEE 0.10 X 0 0 0 MRS RICHARD H GOTTLIEB LIFE TRUSTEE 0.10 X 0 0 0 CHESTER A GOUGIS LIFE TRUSTEE 0.30 X 0 0 0 RICHARD GRAY LIFE TRUSTEE 0.10 X 0 0 0 MARY WINTON GREEN LIFE TRUSTEE 0.30 X 0 0 0 DIETRICH GROSS LIFE TRUSTEE 0.10 X 0 0 0 JOAN W HARRIS LIFE TRUSTEE 0.20 X 0 0 0 JOHN H HART LIFE TRUSTEE 0.10 X 0 0 0 THOMAS C HEAGY LIFE TRUSTEE 0.10 X 0 0 0 JAY L HENDERSON LIFE TRUSTEE 0.20 X 0 0 0 MRS ROGER B HULL LIFE TRUSTEE 0.10 X 0 0 0 JUDITH W ISTOCK LIFE TRUSTEE 0.10 X 0 0 0 WILLIAM R JENTES LIFE TRUSTEE 0.30 X 0 0 0 PAUL R JUDY LIFE TRUSTEE 0.10 X 0 0 0 RICHARD B KAPNICK LIFE TRUSTEE 0.10 X 0 0 0 DONALD G KEMPF JR LIFE TRUSTEE 0.10 X 0 0 0 GEORGE D KENNEDY LIFE 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TRUSTEE 0.20 X 0 0 0 GEORGE P COLIS TRUSTEE 0.20 X 0 0 0 DR CHRISTOPER I CULP TRUSTEE 0.20 X 0 0 0 TIMOTHY A DUFFY TRUSTEE 0.10 X 0 0 0 MIMI DUGINGER TRUSTEE 0.20 X 0 0 0 BRIAN W DUWE TRUSTEE 0.10 X 0 0 0 RAJIV FERNANDO TRUSTEE 0.20 X 0 0 0 J BRADLEY FEWELL TRUSTEE 0.10 X 0 0 0 RICHARD C GODFREY TRUSTEE 0.10 X 0 0 0 GRAHAM C GRADY TRUSTEE 0.10 X 0 0 0 JOYCE T GREEN TRUSTEE 0.40 X 0 0 0 DAVID P HACKETT TRUSTEE 0.10 X 0 0 0 LORI JULIAN TRUSTEE 0.80 X 0 0 0 JARED KAPLAN TRUSTEE 0.40 X 0 0 0 DONNA L KENDALL TRUSTEE 0.10 X 0 0 0 JAMES KOLAR TRUSTEE 0.10 X 0 0 0 JOSEPH A KONEN TRUSTEE 0.50 X 0 0 0 RANDALL S KROSZNER TRUSTEE 0.20 X 0 0 0 JOSEF LAKONISHOK TRUSTEE 0.20 X 0 0 0 PATTY LANE TRUSTEE 0.10 X 0 0 0 MARK J LARSON TRUSTEE 0.10 X 0 0 0 BETH MANNINO TRUSTEE 0.20 X 0 0 0 MARK G MCGRATH TRUSTEE 0.40 X 0 0 0 CHRISTOPHER MELVIN TRUSTEE 0.20 X 0 0 0 RENEE METCALF TRUSTEE 0.10 X 0 0 0 MARY PIVIROTTO MURLEY TRUSTEE 0.30 X 0 0 0 SYLVIA NEIL TRUSTEE 0.30 X 0 0 0 ELIZABETH PARKER TRUSTEE 0.20 X 0 0 0 GERALD PAULING TRUSTEE 0.60 X 0 0 0 JOSE LUIS PRADO TRUSTEE 0.10 X 0 0 0 DR IRWIN PRESS TRUSTEE 0.10 X 0 0 0 COL JENNIFER N PRITZKER TRUSTEE 0.10 X 0 0 0 DR MOHAN RAO TRUSTEE 0.10 X 0 0 0 BURTON X ROSENBERG TRUSTEE 0.30 X 0 0 0 KRISTEN C ROSSI TRUSTEE 0.30 X 0 0 0 EARL J RUSNAK JR TRUSTEE 0.80 X 0 0 0 E SCOTT SANTI TRUSTEE 0.10 X 0 0 0 STEVEN E SHEBIK TRUSTEE 0.60 X 0 0 0 ALEJANDRO SILVA TRUSTEE 0.40 X 0 0 0 WALTER SNODELL TRUSTEE 0.20 X 0 0 0 DANIEL E SULLIVAN JR TRUSTEE 0.10 X 0 0 0 SCOTT SWANSON TRUSTEE 0.20 X 0 0 0 NASRIN THIERER TRUSTEE 0.30 X 0 0 0 TERRENCE J TRUAX TRUSTEE 0.20 X 0 0 0 WILLIAM A VON HOENE JR TRUSTEE 0.10 X 0 0 0 FREDERICK H WADDELL TRUSTEE 0.50 X 0 0 0 PAUL R WIGGIN TRUSTEE 0.20 X 0 0 0 ROBERT A WISLOW TRUSTEE 0.10 X 0 0 0 STACIE M FRANK ASSISTANT TREASURER (AS OF 4/11/17) 40.00 X 186191 0 14205 DAVID CHAMBERS VP FOR DEVELOPMENT (AS OF 10/23/17) 40.00 X 53824 0 6060 KAREN RAHN SECRETARY 40.00 X 70502 0 14940 VANESSA MOSS VP FOR OPERATIONS 40.00 X 239059 0 41071 RICCARDO MUTI MUSIC DIRECTOR 40.00 X 1263490 0 0 ROBERT CHEN CONCERTMASTER 40.00 X 510459 0 55211 JOHN SHARP PRINCIPAL CELLO 40.00 X 314334 0 65422 DAVID HERBERT PRINCIPAL TIMPANI 40.00 X 290492 0 54043 STEPHEN WILLIAMSON PRINCIPAL CLARINET 40.00 X 327726 0 48399 3761421 0 331548 137 0 1 0 RICCARDO MUTI 220 S MICHIGAN AVENUE CHICAGO IL 606042559 ARTIST PERFORMANCES 2264240 OPUS 3 ARTISTS 470 PARK AVE SOUTH 9TH FLOOR NORTH NEW YORK NY 10016 ARTIST PERFORMANCES 760300 DCM INC 330 W 38TH STREET SUITE 207 NEW YORK NY 10018 TELEMARKETING AND TELEFUNDRAISING 741962 KIMCO 6055 LAKESIDE COMMONS SUITE 440 MACON GA 31210 JANITORIAL 697528 CHICAGO TRIBUNE 14839 COLLECTIONS CENTER DRIVE CHICAGO IL 606930148 ADVERTISING 605321 37 1563238 188600 33318276 4246741 35070114 TICKET SALES 711190 23280242 23280242 PERFORMANCE FEES 711190 6912742 6912742 OTHER PROGRAM RELATED REVENUE 711190 970306 919906 50400 FACILITY RENTAL REVENUE 711190 797965 797965 PARKING LOT RENTAL REVENUE 711190 402500 402500 537112 77706 459406 32900867 4978476 4978476 205263 459091 -253828 -253828 -253828 89240049 703 80603352 14684 8636697 -13981 8622716 -96990 8719706 935878 1563238 646617 289261 289261 393914 181442 212472 142221 70251 81820078 32130782 -280567 14899749 X 16797 16797 1403107 1182673 220434 37170361 33351092 2236273 1582996 1681704 1568637 63120 49947 4828827 3911910 593629 323288 2282093 1879915 263488 138690 410705 139554 271151 112375 112375 465361 465361 1371195 1371195 9388192 8598565 768702 20925 4203528 3812426 275254 115848 755306 600700 47215 107391 381630 198154 91738 91738 2506566 2022159 216145 268262 2075569 1935517 56696 83356 119286 65105 41502 12679 5251393 5251393 4006903 3745526 224130 37247 260246 5696 254550 CREDIT CARD FEES 706615 640706 65909 MUSIC LICENSE FEES 372466 269102 103364 MUSIC & INSTRUMENT RENT 356821 356821 EQUIPMENT RENTAL & MAIN 343195 343195 869191 319120 75118 474953 81339432 63780697 13499711 4059024 2770835 3337197 5745385 6248820 24239139 29665654 381052 500701 144358 161401 2187594 2259792 178106483 90289168 90996455 87817315 268076394 262692776 105348092 116037890 83895 499889304 508805441 4819815 5832563 13468756 13134344 144993973 140876312 69334799 57679996 232617343 217523215 X 91811822 105398828 41294624 48878790 134165515 137004608 267271961 291282226 499889304 508805441 X 480646 13520246 10009373 X 0 1 X 1 0 X 56685142 35119674 30408215 23567693 35070114 180850838 56685142 35119674 30408215 23567693 35070114 180850838 28261261 152589577 4887803 4980963 5076230 4655238 4978476 24578710 205429548 162533422 0.74280 0.73560 X 0 0 81339432 81339432 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 0 0 250000 250000 250000 250000 1000000 1500000 304786000 2843000 21643000 14685000 314587000 287993000 812000 30436000 14455000 304786000 303606000 9411000 -11389000 13635000 287993000 305453000 6867000 3862000 12576000 303606000 261662000 16536000 43839000 16564000 20000 305453000 0.48290 0.41020 0.10690 0 0 25475169 25475169 125270781 71475615 53795166 258036 228787 29249 13379739 11778171 1601568 13722758 6806595 6916163 87817315 ALTERNATIVE INVESTMENTS - ABSOLUTE RETURN 33778318 F HEDGED EQUITIES 39999294 F PRIVATE EQUITY 21066331 F REAL ASSETS 13242804 F BENEFICIAL INTEREST IN TRUST AND OTHER 7951143 F 116037890 PENSION BENEFITS 40432188 OTHER LONG-TERM LIABILITIES 1100067 INTEREST RATE SWAP CONTRACTS 16147741 57679996 X 106561400 13520246 1281766 10009373 24811385 81750015 1371195 -1301132 70063 81820078 82551135 1281766 1301132 2582898 79968237 1371195 1371195 81339432 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 IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE UNLESS IT HAS INCOME FROM UNRELATED BUSINESS ACTIVITIES. 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 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AT JUNE 30, 2018 AND 2017, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE CORPORATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. THE CORPORATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE THE FISCAL YEAR ENDED JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP FAIR VALUE ADJUSTMENT 5,558,735. CHANGE IN PENSION PLAN ASSETS AND BENEFIT OBLIGATIONS 4,450,638. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES (PART VIII, LINE 6B) -459,091. GAIN (LOSS) ON SALE OF OTHER ASSETS (PART VIII, LINE 7C(II)) -13,981. FUNDRAISING EVENT EXPENSES (PART VIII, LINE 8B + LINE 9B) -646,617. COST OF GOODS SOLD (PART VIII, LINE 10B) -181,443. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES (PART VIII, LINE 6B) 459,091. (GAIN) LOSS ON SALE OF OTHER ASSETS (PART VIII, LINE 7C(II)) 13,981. FUNDRAISING EVENT EXPENSES (PART VIII, LINE 8B + LINE 9B) 646,617. COST OF GOODS SOLD (PART VIII, LINE 10B) 181,443. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 ALTERNATIVE INVESTMENTS (HEDGED EQUITY, ABSOLUTE RETURN AND PRIVATE EQUITY) IN THE CAYMAN ISLANDS. 64227184 0 0 0 0 0 0 64227184 0 64227184 1 0 1 0 1 0 X X X X X X X 1 DCM INC 330 W 38TH STREET SUITE 207 NEW YORK NY 10018 TELEFUNDRAISING CAMPAIGNS 0 1332618 465361 867257 1332618 465361 867257 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 1174071 735121 438950 6264 180677 5300 95676 CORPORATE NIGHT 1001350 733800 267550 9396 80283 1200 30510 9 323695 94317 229378 10452 101450 21400 104009 2499116 1563238 935878 10452 15660 362410 27900 230195 646617 289261 1 DEPAUL UNIVERSITY SCHOOL OF MUSIC 804 W BELDEN AVENUE CHICAGO IL 60614 362167048 501(C)(3) 3293 CIVIC ORCHESTRA FELLOWSHIPS FOR TWO RECIPIENTS.A SELECT NUMBER OF CIVIC ORCHESTRA REGULAR MEMBERS RECEIVE UP TO A $7,500 FELLOWSHIP, RATHER THAN A STIPEND, ANNUALLY THAT IS DISBURSED ON AN ANNUAL OR SEMESTER BASIS DIRECTLY TO THE ACADEMIC INSTITUTION THEY ARE ATTENDING. THIS IS PART OF A COOPERATIVE AGREEMENT BETWEEN THE CIVIC ORCHESTRA AND AREA SCHOOLS TO PROVIDE TWO YEARS OF TUITION-FREE GRADUATE STUDY. THE ACADEMIC INSTITUTION COVERS THE PORTION OF THE TUITION THAT THE $7,500 FROM THE CIVIC ORCHESTRA DOES NOT COVER. ST SABINA CHURCH 1210 W 78TH PLACE CHICAGO IL 60620 362171123 501(C)(3) 13504 "CONCERT FOR PEACE", A NEGAUNEE MUSIC INSTITUTE PROGRAM, WAS PERFORMED ON 6.10.18 AT ST. SABINA CHURCH AS PART OF THE CSO'S ONGOING EFFORT TO DEEPEN ITS PRESENCE IN CHICAGO'S SOUTH SIDE COMMUNITIES. BUILT ON THE BELIEF THAT MUSIC PLAYS A VITAL ROLE IN ADDRESSING AND HELPING SOLVE THE SERIOUS ISSUES THAT CONFRONT OUR SOCIETY, THE CONCERT BROUGHT ATTENTION TO LOCAL PROGRAMS THAT REDUCE VIOLENCE IN CHICAGO'S STREETS. IT FEATURED INTERNATIONALLY ACCLAIMED CELLIST AND CSO JUDSON AND JOYCE GREEN CREATIVE CONSULTANT YO-YO MA; MUSICIANS FROM THE CHICAGO SYMPHONY ORCHESTRA AND CIVIC ORCHESTRA OF CHICAGO; CHICAGO CHILDREN'S CHOIR; SOPRANO TAKESHA KIZART; MEZZO-SOPRANO SARAH PONDER; AND THE ST. SABINA BAND. THE CONCERT ALSO FEATURED SONGS COMPOSED BY PARENTS IN ST. SABINA'S PURPOSE OVER PAIN PROGRAM, WHICH STRIVES TO PROMOTE HEALING FOR FAMILIES WHO HAVE BEEN VICTIMS OF VIOLENCE. THE CSO DONATED THE NET CONCERT TICKET REVENUE TO ST. SABINA'S ANTI-VIOLENCE AND STRONG FUTURES EMPLOYMENT PROGRAMS. 2 PART I, LINE 2 THE FELLOWSHIP STIPENDS ARE PAID UPON COMPLETION OF RESPONSIBILITIES, ATTENDANCE AT REHEARSALS, PERFORMANCES, WORKSHOPS, CLASSES AND COACHINGS AND REMAINING IN GOOD STANDING WITH THE ORCHESTRA THROUGHOUT THE SEASON AS OUTLINED IN THE CIVIC POLICIES AND PROCEDURES. ATTENDANCE AND PARTICIPATION ARE MONITORED BY THE ORCHESTRA MANAGER AND COORDINATOR OF THE CIVIC ORCHESTRA OF CHICAGO. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JEFF ALEXANDER PRESIDENT 491780 0 0 0 13564 0 10600 0 21597 0 537541 0 0 0 STACIE M FRANK ASSISTANT TREASURER (AS OF 4/11/17) 186005 0 0 0 186 0 7671 0 6534 0 200396 0 0 0 VANESSA MOSS VP FOR OPERATIONS 238014 0 0 0 1045 0 15066 0 26005 0 280130 0 0 0 RICCARDO MUTI MUSIC DIRECTOR 1263490 0 0 0 0 0 0 0 0 0 1263490 0 0 0 ROBERT CHEN CONCERTMASTER 509394 0 0 0 1065 0 19930 0 35281 0 565670 0 0 0 JOHN SHARP PRINCIPAL CELLO 312972 0 0 0 1362 0 34757 0 30665 0 379756 0 0 0 DAVID HERBERT PRINCIPAL TIMPANI 289345 0 0 0 1147 0 21453 0 32590 0 344535 0 0 0 STEPHEN WILLIAMSON PRINCIPAL CLARINET 326675 0 0 0 1051 0 15956 0 32443 0 376125 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 CHAIRMAN OF THE BOARD REVIEWS AND APPROVES ANY BONUS PAYMENT FOR THE PRESIDENT. A ILLINOIS FINANCE AUTHORITY 861091967 45200FGY9 2008-05-29 83015000 SEE PART VI 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091667 000000000 2018-06-01 46100000 SEE PART VI 0 0 0 A 83015000 620000 81364393 722487 308120 1997 1 0 1 1 B 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 DATE THE REBATE COMPUTATION WAS PERFORMED: 05/20/2013 ISSUER NAME: ILLINOIS FINANCE AUTHORITY 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 140 3981528 FMV - STOCK GIFTS X AIRFARE MILES 1 201150 FAIR MARKET VALUE X WINE SPONSOR 1 34920 FAIR MARKET VALUE X COUGH DROPS 1 28123 FAIR MARKET VALUE X INSTRUMENTS 1 1020 FAIR MARKET VALUE 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 VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP 1: DAVID P. HACKETT, BETH MANNINO BUSINESS RELATIONSHIP 2: JOHN W. ROGERS, JR., WILLIAM A. VON HOENE, JR. BUSINESS RELATIONSHIP 3: JAMES S. CROWN, WILLIAM A. OSBORN BUSINESS RELATIONSHIP 4: SUSAN CROWN (RELATIVE OF JAMES S. CROWN), JAY L. HENDERSON, E. SCOTT SANTI BUSINESS RELATIONSHIP 5: DEBORA DE HOYOS, JOHN R. SCHMIDT BUSINESS RELATIONSHIP 6: FREDERICK A. KREHBIEL, DONALD G. LUBIN BUSINESS RELATIONSHIP 7: SUSAN CROWN (RELATIVE OF JAMES S. CROWN), JAY L. HENDERSON, JOSE LUIS PRADO, FREDERICK H. WADDELL BUSINESS RELATIONSHIP 8: DEBRA A. CAFARO, SCOTT C. SWANSON BUSINESS RELATIONSHIP 9: GERALD L. PAULING II, BURTON X. ROSENBERG BUSINESS RELATIONSHIP 10: WALTER CARLSON (SPOUSE OF DEBORA DE HOYOS) CHARLES W. DOUGLAS, R. EDEN MARTIN, NEWTON N. MINOW 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 CSO STAFF PREPARES FORM 990, AND IT IS REVIEWED BY OUR TAX ADVISOR. 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. AT ITS SPRING MEETING, THE BOARD OF TRUSTEES WAS REMINDED OF THE AUDIT COMMITTEE'S RESPONSIBILITY TO REVIEW AND APPROVE THE ANNUAL TAX RETURNS. THE 2017 FORM 990 AND FORM 990-T WERE REVIEWED AND APPROVED AT THE MAY 6, 2019 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. 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 OCTOBER 4, 2017, OF THE HUMAN RESOURCES COMMITTEE, WHICH WAS COMPRISED OF FOUR INDEPENDENT TRUSTEES AND THREE 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 OCTOBER 4, 2017, OF THE HUMAN RESOURCES COMMITTEE, WHICH WAS COMPRISED OF FOUR INDEPENDENT TRUSTEES AND THREE 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 IX, LINE 11G GUEST CONDUCTORS, ARTISTS AND COMPOSERS: PROGRAM SERVICE EXPENSES 7,662,297. MANAGEMENT AND GENERAL EXPENSES 1,600. FUNDRAISING EXPENSES 1,382. TOTAL EXPENSES 7,665,279. OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 936,268. MANAGEMENT AND GENERAL EXPENSES 767,102. FUNDRAISING EXPENSES 19,543. TOTAL EXPENSES 1,722,913. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP FAIR VALUE ADJUSTMENTS 5,558,735. CHANGES IN PENSION PLAN ASSETS AND BENEFIT OBLIGATIONS 4,450,638.