2019-07-12T14:34:56-05:00 2018-08-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-09-01 410693875 MINNESOTA ORCHESTRAL ASSOCIATION MINN 6123715600 1111 NICOLLET MALL MINNEAPOLIS MN 55403 MICHELLE MILLER BURNS PRESIDENT & CEO 6123715600 2019-06-27 1 SARAH REICHLING P01587996 6123764500 67.137.57.251 2019-06-27 10:35:03 CD P E087ECC427FCF6F1386F54131AA171D58D37D782 D96076016A1D85786C0DD27C05D232F375DC2AFE 2017 2019-02-21 02:37:17Z MICHELLE MILLER BURNS 1111 NICOLLET MALL MINNEAPOLIS MN 55403 38017352 0 X WWW.MINNESOTAORCHESTRA.ORG X 1907 MN AN INTERNATIONALLY-RECOGNIZED ORCHESTRA DEDICATED TO ENRICHING AND SERVING ITS MINNESOTA COMMUNITY. 59 58 871 613 1083472 0 24286170 19956070 9850445 11008021 4393162 1693067 152679 273135 38682456 32930293 0 0 0 0 23898779 25168459 182528 183741 1685885 9807948 14161464 33889255 39513664 4793201 -6583371 200969468 197801525 17974873 20124719 182994595 177676806 X THE MINNESOTA ORCHESTRA MISSION IS TO ENRICH, INSPIRE AND SERVE OUR COMMUNITY AS AN ENDURING SYMPHONY ORCHESTRA INTERNATIONALLY RECOGNIZED FOR ITS ARTISTIC EXCELLENCE. 1 0 35506157 0 9926744 THE GRAMMY AWARD-WINNING MINNESOTA ORCHESTRA, LED BY MUSIC DIRECTOR OSMO VNSK, IS RECOGNIZED FOR OUTSTANDING PERFORMANCES IN MINNESOTA AND AROUND THE WORLD, AS WELL AS FOR CRITICALLY-ACCLAIMED RECORDINGS AND RADIO BROADCASTS, AND A LONGTIME COMMITMENT TO STATE-WIDE MUSIC EDUCATION AND ENGAGEMENT PROGRAMS.MAKING ITS HOME AT ORCHESTRA HALL IN MINNEAPOLIS, THE ORCHESTRA PRESENTS NEARLY 175 CONCERTS ANNUALLY THAT ARE HEARD LIVE BY SOME 300,000 INDIVIDUALS. IN FISCAL 2018, RESIDENTS FROM EVERY ONE OF MINNESOTA'S 87 COUNTIES ATTENDED A PERFORMANCE AT ORCHESTRA HALL. THE ORCHESTRA'S FRIDAY NIGHT CONCERTS ARE ADDITIONALLY BROADCAST LIVE ACROSS THE STATE BY MINNESOTA PUBLIC RADIO AND MANY CONCERTS ARE SUBSEQUENTLY HEARD NATIONWIDE ON AMERICAN PUBLIC MEDIA PROGRAMS, REACHING 2,000,000 LISTENERS.THE MINNESOTA ORCHESTRA ANNUALLY CONNECTS WITH MORE THAN 85,000 MUSIC LOVERS THROUGH FAMILY CONCERTS AND EDUCATIONAL PROGRAMS INCLUDING ITS FLAGSHIP YOUNG PEOPLE'S CONCERTS. DESIGNED TO INTRODUCE CLASSICAL MUSIC TO STUDENTS, YOUNG PEOPLE'S CONCERTS REACHED MORE THAN 35,000 STUDENTS FROM 292 SCHOOLS THROUGHOUT MINNESOTA, WISCONSIN AND IOWA IN F2018-AND HAVE HELPED TO LIGHT A SPARK FOR CLASSICAL MUSIC WITH GENERATIONS OF STUDENTS SINCE THE SERIES WAS LAUNCHED MORE THAN 100 YEARS AGO. THROUGH ITS STATE-WIDE COMMON CHORDS PROGRAM, THE ORCHESTRA CREATES ONGOING PARTNERSHIPS WITH GREATER MINNESOTA CITIES THAT CULMINATE IN A CELEBRATORY RESIDENCY FEATURING DOZENS OF PERFORMANCES AND ACTIVITIES THAT REFLECT THE INTERESTS, DIVERSITY AND HERITAGE OF EACH COMMUNITY. IN APRIL 2018, MANKATO RESIDENTS PARTICIPATED IN DOZENS OF MINNESOTA ORCHESTRA CONCERT EVENTS AT SCHOOLS, SENIOR COMMUNITIES, BREWERIES AND OTHER COMMUNITY VENUES. PREVIOUS COMMON CHORDS PARTNER CITIES HAVE INCLUDED BEMIDJI, DETROIT LAKES, GRAND RAPIDS, AND WILLMAR. IN ITS INTERNATIONAL TOURING, THE ORCHESTRA SHARES THE NAME OF ITS STATE WITH BROAD WORLD-WIDE AUDIENCES, IN FY2018 PERFORMING AT LONDON'S PRESTIGIOUS BBC PROMS FESTIVAL AND IN A FIVE-CITY TOUR OF SOUTH AFRICA. WHETHER PERFORMING AT ORCHESTRA HALL, IN GREATER MINNESOTA OR ON AN INTERNATIONAL STAGE, THE MINNESOTA ORCHESTRA REMAINS COMMITTED TO BRINGING PEOPLE TOGETHER THROUGH MUSIC. 35506157 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 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 259 0 871 1 1 1 0 0 0 0 1 1 1 2 0 0 0 X 59 58 1 0 0 0 0 1 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 KEVIN SMITH PRESIDENT & CEO 40.00 X X 366197 0 17484 MARILYN CARLSON NELSON CHAIR 1.00 X X 0 0 0 MARGARET BRACKEN CHAIR-ELECT 1.00 X X 0 0 0 JOHN WILGERS VICE CHAIR 1.00 X X 0 0 0 MARTIN LUECK TREASURER 1.00 X X 0 0 0 AKS ZAHEER SECRETARY 1.00 X X 0 0 0 MARGARET ANKENY DIRECTOR 1.00 X 0 0 0 KAREN ASHE DIRECTOR 1.00 X 0 0 0 EMILY BACKSTROM DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 DOUG BAKER DIRECTOR 1.00 X 0 0 0 KAREN BAKER DIRECTOR 1.00 X 0 0 0 DONALD BENSON DIRECTOR 1.00 X 0 0 0 ROCHELLE BLEASE DIRECTOR 1.00 X 0 0 0 DAVID BOEHNEN DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 BARBARA BURWELL DIRECTOR 1.00 X 0 0 0 E TIM CARL DIRECTOR 1.00 X 0 0 0 MARI CARLSON DIRECTOR 1.00 X 0 0 0 NICKY CARPENTER DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 EVAN CARRUTHERS DIRECTOR 1.00 X 0 0 0 YVONNE CHEEK DIRECTOR 1.00 X 0 0 0 Y RALPH CHU DIRECTOR 1.00 X 0 0 0 MARK COPMAN DIRECTOR 1.00 X 0 0 0 GARY CUNNINGHAM DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 KATHY CUNNINGHAM DIRECTOR 1.00 X 0 0 0 ANDREW CZAJKOWSKI DIRECTOR 1.00 X 0 0 0 PAULA DECOSSE DIRECTOR 1.00 X 0 0 0 JOHN FARRELL DIRECTOR 1.00 X 0 0 0 DOLLY FITERMAN DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 W ANDERS FOLK DIRECTOR 1.00 X 0 0 0 BETSY FROST DIRECTOR 1.00 X 0 0 0 TIM GEOFFRION DIRECTOR 1.00 X 0 0 0 LUELLA GOLDBERG DIRECTOR 1.00 X 0 0 0 MARYANN GOLDSTEIN DIRECTOR 1.00 X 0 0 0 PAUL GRANGAARD DIRECTOR 1.00 X 0 0 0 JOSEPH GREEN DIRECTOR 1.00 X 0 0 0 JANE GREGERSON DIRECTOR 1.00 X 0 0 0 BEVERLY GROSSMAN DIRECTOR 1.00 X 0 0 0 KAREN HIMLE DIRECTOR 1.00 X 0 0 0 LAURIE HODDER GREENO DIRECTOR 1.00 X 0 0 0 SHADRA HOGAN DIRECTOR 1.00 X 0 0 0 MAURICE HOLLOMAN DIRECTOR 1.00 X 0 0 0 KAREN HOLMES DIRECTOR 1.00 X 0 0 0 KAREN HUBBARD DIRECTOR 1.00 X 0 0 0 HELLA MEARS HUEG DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 JAY IHLENFELD DIRECTOR 1.00 X 0 0 0 PHILIP ISAACSON DIRECTOR 1.00 X 0 0 0 HUBERT JOLY DIRECTOR 1.00 X 0 0 0 KATHY JUNEK DIRECTOR 1.00 X 0 0 0 MARY LOU KELLEY DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 KATE KELLY DIRECTOR 1.00 X 0 0 0 LLOYD KEPPLE DIRECTOR 1.00 X 0 0 0 MICHAEL KLINGENSMITH DIRECTOR 1.00 X 0 0 0 PAT KRUEGER DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 MICHAEL LANGLEY DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 MARY LAWRENCE DIRECTOR 1.00 X 0 0 0 ALLEN LENZMEIER DIRECTOR 1.00 X 0 0 0 NANCY LINDAHL DIRECTOR 1.00 X 0 0 0 MICHAEL LINDSAY DIRECTOR 1.00 X 0 0 0 RONALD LUND DIRECTOR 1.00 X 0 0 0 WARREN MACK DIRECTOR 1.00 X 0 0 0 HARVEY MACKAY DIRECTOR 1.00 X 0 0 0 PATRICK MAHONEY DIRECTOR 1.00 X 0 0 0 KITA MCVAY DIRECTOR 1.00 X 0 0 0 ANNE MILLER DIRECTOR 1.00 X 0 0 0 WILLIAM MILLER DIRECTOR 1.00 X 0 0 0 BETTY MYERS DIRECTOR 1.00 X 0 0 0 RAVI NORMAN DIRECTOR 1.00 X 0 0 0 MINSOK PAK DIRECTOR 1.00 X 0 0 0 ANITA PAMPUSCH DIRECTOR 1.00 X 0 0 0 SUSAN PLATOU DIRECTOR 1.00 X 0 0 0 LISA ROEHL DIRECTOR 1.00 X 0 0 0 MICHAEL ROOS DIRECTOR 1.00 X 0 0 0 DIMITRIOS SMYRNIOS DIRECTOR 1.00 X 0 0 0 MATTHEW SPANJERS DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 ROBERT SPIKINGS DIRECTOR (LEFT DEC-17) 1.00 X 0 0 0 ROBERT SPONG DIRECTOR 1.00 X 0 0 0 GORDON SPRENGER DIRECTOR 1.00 X 0 0 0 MARY SUMNERS DIRECTOR 1.00 X 0 0 0 MAXINE HOUGHTON WALLIN DIRECTOR 1.00 X 0 0 0 TIM WELSH DIRECTOR 1.00 X 0 0 0 DIANNE BRENNAN VICE PRESIDENT - ADVANCEME 40.00 X 217766 0 7866 CHRIS TAUTE DIRECTOR OF FINANCE (LEFT) 40.00 X 131777 0 18759 MARCUS VALERIO DIRECTOR OF FINANCE 40.00 X 0 0 0 OSMO VANSKA MUSIC DIRECTOR 40.00 X 912404 0 12708 MICHAEL GAST MUSICIAN 40.00 X 174915 0 15627 ERIN KEEFE MUSICIAN 40.00 X 264696 0 1212 MANUEL LAUREANO MUSICIAN 40.00 X 158475 0 24827 ANTHONY ROSS MUSICIAN 40.00 X 173180 0 20008 ROBERT WRIGHT MUSICIAN 40.00 X 179455 0 24382 2578865 0 142873 9 0 1 0 AMERICAN FEDERATION OF MUSICIANS & EMPLO PO BOX 2673 NEW YORK NY 10117 PENSION PROVIDER 805347 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 52404 ADVERTISING 425432 TESSITURA NETWORK INC 11700 PRESTON ROAD SUITE 660 PMB 2 DALLAS TX 75230 SOFTWARE 368720 STREAMWORKS LLC 3640 PHEASANT RIDGE DR NE BLAINE MN 55449 MARKETING 271480 CLASSICAL MOVEMENTS 711 PRINCESS ST ALEXANDRIA VA 22314 ARTISTIC MANAGEMENT 206043 13 1370878 4313823 1052011 13219358 4784184 19956070 ORCHESTRA TICKETS 711130 7599288 7599288 CONCESSIONS & FEES 711130 1612143 1612143 RENTALS 711130 1081277 1081277 ORCHESTRA SERVICE FEES 532000 715313 715313 11008021 686543 188 686355 11730 11730 5389080 12500 4395056 0 994024 12500 1006524 2007 1004517 16967 1370878 381646 -364679 -364679 936441 310357 626084 626084 32930293 9926744 1083472 1964007 X 3140647 2493901 427851 218895 19229263 17903289 630416 695558 322659 262990 28369 31300 1298412 1033217 126083 139112 1177478 1076041 48227 53210 32549 10429 22120 35421 35421 55056 55056 183741 183741 200000 200000 5063574 5004190 58107 1277 1681807 1681807 293482 142491 81550 69441 315270 78688 213922 22660 84042 84042 767016 545314 221702 2190631 2073054 54475 63102 36573 11327 19994 5252 41324 41324 1796583 1744439 26072 26072 179519 16902 162617 DIRECT CONCERT EXPENSES 624622 624622 CREDIT CARD COMMISSIONS 424715 424715 MUSIC RENT, PURCHASE, L 243165 243165 ADMIN & FACILITY COSTS 167749 203053 -35304 -71634 -247899 176265 39513664 35506157 2321622 1685885 1201969 1772059 18205 0 16109960 9618016 393574 478036 78767 74265 1048561 1195368 75633525 25318274 51425583 50315251 40361449 43446663 89800798 90371266 530602 530601 200969468 197801525 1959549 2417244 3997895 3659560 1690000 1690000 4600000 7500000 5727429 4857915 17974873 20124719 X 2410977 -628031 6802120 3236817 173781498 175068020 182994595 177676806 200969468 197801525 X -6583371 207925 1057657 X 0 1 X 1 0 X 24613003 18362417 15699850 24286170 19192778 102154218 24613003 18362417 15699850 24286170 19192778 102154218 29531317 72622901 1134956 885892 761458 625957 698273 4106536 106260754 44354369 0.68340 0.67640 X 0 0 0 0 55056 55056 39076962 39132018 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 48965 35492 49723 55056 189236 250000 250000 250000 250000 1000000 1500000 SCHEDULE C, PART II-A TOTAL LOBBYING EXPENSES ARE RELATED TO DUES TO MINNESOTA CITIZENS FOR THE ARTS. 34316627 5500000 1777436 3968808 37625255 34868311 400000 2563483 3515167 34316627 40787034 500000 1556254 7974977 34868311 58402305 121675 -1513421 16223525 40787034 58050629 6950277 6598601 58402305 0.00000 1.00000 0.00000 0 0 3006334 3006334 64556969 18947717 45609252 524521 325640 198881 7342857 5932312 1410545 202844 112605 90239 50315251 90321266 F PRIVATE EQUITY 50000 F 90371266 UNFUNDED PENSION LIABILITY 4659034 LEASEHOLD INCENTIVE LIABILITY 198881 4857915 X 33644170 207925 395595 603520 33040650 200000 -310357 -110357 32930293 38961959 -351705 -351705 39313664 200000 200000 39513664 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, AS AMENDED, (CODE) 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 CODE 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 -174,873. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION & TRUST 570,468. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -310,357. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 310,357. CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS -662,062. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 10222 0 0 0 0 0 0 10222 0 10222 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD FOR MANAGEMENT FEES OF INVESTMENT. X X X X X X X 1 RUFFALO NOEL LEVITZ 1025 KIRKWOOD PKWY SW CEDAR RAPIDS IA 55404 TELEPHONE CAMPAIGN 0 298280 183596 114683 298280 183596 114683 MN WI BALL 1387845 1370878 16967 138033 169564 19727 54322 1387845 1370878 16967 138033 169564 19727 54322 381646 -364679 X X X 1 1 0 0 0 0 0 0 0 0 0 KEVIN SMITH PRESIDENT & CEO 363669 0 0 0 2528 0 0 0 17484 0 383681 0 0 0 DIANNE BRENNAN VICE PRESIDENT - ADVANCEME 217766 0 0 0 0 0 0 0 7866 0 225632 0 0 0 CHRIS TAUTE DIRECTOR OF FINANCE (LEFT) 131777 0 0 0 0 0 0 0 18759 0 150536 0 0 0 OSMO VANSKA MUSIC DIRECTOR 873500 0 0 0 38904 0 0 0 12708 0 925112 0 0 0 MICHAEL GAST MUSICIAN 174915 0 0 0 0 0 0 0 15627 0 190542 0 0 0 ERIN KEEFE MUSICIAN 264696 0 0 0 0 0 0 0 1212 0 265908 0 0 0 MANUEL LAUREANO MUSICIAN 158475 0 0 0 0 0 0 0 24827 0 183302 0 0 0 ANTHONY ROSS MUSICIAN 173180 0 0 0 0 0 0 0 20008 0 193188 0 0 0 ROBERT WRIGHT MUSICIAN 179455 0 0 0 0 0 0 0 24382 0 203837 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL - OSMO VANSKA - NOT INCLUDED IN TAXABLE COMPENSATION. HOUSING ALLOWANCE - OSMO VANSKA - INCLUDED IN TAXABLE COMPENSATION. BUSINESS CLUB DUES - KEVIN SMITH - MINNEAPOLIS CLUB - NOT INCLUDED IN TAXABLE COMPENSATION AND UTILIZED FOR BUSINESS PURPOSES AND MEETINGS. A MINNEAPOLIS COMMUNITY DEVELOPMENT AGENCY 416009115 2004-05-15 1690000 REFINANCING DEBT TO REFURBISH ORCHESTRA HALL 0 0 0 A 1690000 1690000 1997 0 1 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 X 67 4715604 TRADING PRICE X AUCTION ITEMS 86 68580 FMV 2 0 1 0 FORM 990, PART III, LINE 2 CONCERT TOUR IN SOUTH AFRICA ADDED. FORM 990, PART VI, SECTION A, LINE 1 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 A, LINE 2 OSMO VANSKA AND ERIN KEEFE, FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE AND NOMINATING COMMITTEE WILL SUBMIT THE PROPOSED SLATE OF REGULAR DIRECTORS, LIFE DIRECTORS, AND MEMBERS OF THE EXECUTIVE COMMITTEE FOR ELECTION AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. CANDIDATES MAY ONLY BE ELECTED TO THE BOARD OF DIRECTORS VIA UNANIMOUS VOTE OF THE FULL BOARD. 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 FILING 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 2018. 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. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,246,322. MANAGEMENT AND GENERAL EXPENSES 58,107. FUNDRAISING EXPENSES 1,277. TOTAL EXPENSES 1,305,706. GUEST ARTIST FEES: PROGRAM SERVICE EXPENSES 2,336,773. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,336,773. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 1,421,095. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,421,095. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -174,873. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION & TRUST 570,468. CHANGE IN ACTUARIAL VALUATION OF PENSION PLANS 662,062. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA C 3005115 FAIR MARKET VALUE THE OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA (BUILDING FOR THE F C 1308708 FAIR MARKET VALUE