2017-03-28T13:07:50-05:00 2016-06-30 341818258 Meaden & Moore Ltd One GOJO Plaza Suite 275 Akron OH 443114439 990 2015-07-01 346003828 Greater Akron Musical Association Inc GREA 3305358131 92 North Main Street Akron OH 44308 Paul Jarrett Executive Director 3305358131 2017-03-23 1 Karen B Cooney P00285983 3305355149 2017-03-23 2015 2021-01-29 14:40:06Z Paul Jarrett 92 North Main Street Akron OH 44308 1828686 0 X WWW.AKRONSYMPHONY.ORG X 1953 OH See Sch OENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH EDUCATION ANDMUSICAL EXCELLENCE. IN ACCORDANCE WITH OUR MISSION, THE ASSOCIATIONPRESENTS THE AKRON SYMPHONY ORCHESTRA, AKRON SYMPHONY CHORUS, AKRONYOUTH SYMPHONY, GOSPEL MEETS SYMPHONY, CONCERT FOR KIDS, AND OTHEREDUCATIONAL PROGRAMS. 47 47 216 485 0 0 1376172 1107572 566919 597871 6 17 69040 55772 2012137 1761232 6949 7050 0 0 987127 1046069 0 0 98968 901862 923088 1895938 1976207 116199 -214975 286470 165020 318343 411868 -31873 -246848 X ENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH EDUCATION ANDMUSICAL EXCELLENCE. IN ACCORDANCE WITH OUR MISSION, THE ASSOCIATIONPRESENTS THE AKRON SYMPHONY ORCHESTRA, AKRON SYMPHONY CHORUS, AKRONYOUTH SYMPHONY, GOSPEL MEETS SYMPHONY, CONCERT FOR KIDS, AND OTHEREDUCATIONAL PROGRAMS. 0 0 1608333 7050 597871 SPONSORSHIP OF AKRON SYMPHONY ORCHESTRA, AKRON YOUTH SYMPHONY ANDAKRON SYMPHONY CHORUS. 1608333 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 41 0 1 216 1 0 0 0 0 0 1 1 0 0 0 0 X 47 47 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Paul Jarrett 3305358131 92 North Main Street Akron OH 44308 James E Zwisler Community Engagement & Education Chair 5.00 X 0 0 0 Donna Zabel Development Chair 5.00 X 0 0 0 David Supelak EXECUTIVE VP 4.00 X X 0 0 0 Susan Burnoski CPA FINANCE CHAIR 2.00 X 0 0 0 Robert Zajac Governance Chair 5.00 X 0 0 0 Karen M Budd Phd Guild President 5.00 X 0 0 0 Mark S Auburn PhD IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 Michael J Pasternak President 5.00 X X 0 0 0 Kurt E Reed Secretary 5.00 X X 0 0 0 Kathy Booth TREASURER 3.00 X X 0 0 0 Dr Joseph Varley MD trustee 1.00 X 0 0 0 Jerry Irby trustee 1.00 X 0 0 0 Kendra Preer Phd trustee 1.00 X 0 0 0 Bryon Pallitto trustee 1.00 X 0 0 0 Kim McFarlane trustee 1.00 X 0 0 0 Tina Magazine trustee 1.00 X 0 0 0 Gerald McFadden trustee 1.00 X 0 0 0 Kim Flett trustee 1.00 X 0 0 0 Dr William Guegold Trustee 1.00 X 0 0 0 Ernie Puskas Trustee 1.00 X 0 0 0 Michael A Sweeney Trustee 1.00 X 0 0 0 Jessica Korkosz Trustee 1.00 X 0 0 0 Lucia Pileggi Trustee 1.00 X 0 0 0 Julie Pulk Trustee 1.00 X 0 0 0 Dave Nelson Trustee 1.00 X 0 0 0 Lawrence B Butler Jr Trustee 1.00 X 0 0 0 Todd Rosenberg Trustee 1.00 X 0 0 0 Tom Crookes Trustee 1.00 X 0 0 0 Robert Frutchey Trustee 1.00 X 0 0 0 Sandra K Becker-Neidert Trustee 1.00 X 0 0 0 Dr David Sinar Trustee 1.00 X 0 0 0 Jerome Learson Trustee 1.00 X 0 0 0 David Lieberth Trustee 1.00 X 0 0 0 James Pearson Trustee 1.00 X 0 0 0 Carla Davis Trustee 1.00 X 0 0 0 Bruce Fahey Trustee 1.00 X 0 0 0 Jason Lorenzon Trustee 1.00 X 0 0 0 Joseph Zarconi Trustee 1.00 X 0 0 0 Sally Schneider Trustee 1.00 X 0 0 0 Linda Hoffmann Trustee 1.00 X 0 0 0 Dr Ann Usher Trustee 1.00 X 0 0 0 Andre Thornton Jr Trustee 1.00 X 0 0 0 Kathleen Leigh Trustee 1.00 X 0 0 0 Todd Beyer Trustee 1.00 X 0 0 0 Melodie Morgan-Minott MD Trustee 1.00 X 0 0 0 Paul Jarrett Executive Director 40.00 X 70000 0 0 70000 0 0 0 0 0 0 0 38800 300000 28834 739938 31580 1107572 Ticket Sale Revenue 711300 315912 315912 Contract Income 711300 159943 159943 Other Program Service 711300 122016 122016 597871 17 17 112640 38800 67454 45186 45186 Miscellaneous Revenue 900099 10586 10586 10586 1761232 597871 0 55789 X 7050 7050 70000 15960 3780 50260 827925 707669 89087 31169 22042 22042 45829 22109 14826 8894 80273 66155 7455 6663 13920 13920 214252 187739 26513 152577 152577 40054 39966 88 833 833 39524 39524 1542 1542 3433 3433 4048 4048 7479 7479 10964 10964 Concert Production Expe 408968 408968 Education Program Expen 18064 18064 Dues & Subscriptions 5243 5243 Miscellaneous Expense 2187 293 1894 1976207 1608333 268906 98968 55 43 103460 64751 46345 31331 76575 16339 188260 135704 60035 52556 286470 165020 68572 81470 151915 157109 97856 173289 318343 411868 X -332178 -340803 300305 93955 -31873 -246848 286470 165020 -214975 0 X 0 1 X 1 0 X 1017485 1081722 1214809 1376172 1073122 5763310 1017485 1081722 1214809 1376172 1073122 5763310 872062 4891248 65 48 8 6 17 144 5763454 0.84870 0.89490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6156737 7500 24672 300000 36019 5852890 6266289 22125 185657 280000 37334 6156737 5664087 898450 260000 36248 6266289 5288728 74667 575519 240000 34827 5664087 5594849 2533 -35653 240000 33046 5288728 0.83260 0.16740 0 1 1 9795 4777 5018 178465 130927 47538 52556 X Part X, Line 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN CERTAIN TAX POSITIONS THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY APPLICABLE TAXING AUTHORITIES. THE ORGANIZATION WOULD RECOGNIZE INTEREST AND PENALTIES ACCRUED, IF ANY, RELATED TO UNRECOGNIZED TAX UNCERTAINTIES IN INCOME TAX EXPENSE. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. Part V, Line 4 THE ENDOWMENT FUND IS HELD BY THE GREATER AKRON MUSICAL ASSOCIATON FOUNDATION, A RELATED ORGANIZATION. THE INTENDED USE OF THE FUND IS DETERMINED BASED ON DONOR RESTRICTIONS TO BENEFIT THE GREATER AKRON MUSICAL ASSOCIATION. THE ENDOWMENT FUND IS DIRECTED BY THE FOUNDATION'S BOARD OF TRUSTEES INVESTMENT COMMITTEE IN CONSULTATION WITH A PROFESSIONAL INVESTMENT ADVISOR. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES WITH THE OBJECTIVE OF PROVIDING A STABLE AND GROWING SOURCE OF INCOME TO SUPPORT THE ASSOCIATION'S PROGRAMS WHILE PRESERVING AND ENHANCING CAPITAL OVER THE LONG-TERM. Fanfare 77250 16250 61000 20076 2174 9723 Lakes Tour 25750 18200 7550 3928 3623 1 11297 4350 6947 4183 1845 114297 38800 75497 28187 2174 15191 45552 29945 1 Scholarships Awarded 9 2600 FMV Lesson Subsidies 15 3650 FMV Concerto Winners 2 800 FMV Part I, Line 2: THOSE STUDENTS AWARDED LESSON SUBSIDIES MUST OBTAIN VERIFICATION FROM THE TEACHER. THE TEACHER IS THEN GIVEN THE AWARD DIRECTLY BY THE ASSOCIATION. SCHOLARSHIPS AWARDED ARE GIVEN DIRECTLY TO THE RECIPIENT OR TO THE SCHOOL TO BE USED AS DIRECTED BY THE ASSOCIATION. Concerto Winners are member of the youth orchestra who have competed and won a scholarship. X Advertising 65 31580 FMV 0 0 0 Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S FINANCE COMMITTEE PRIOR TO FILING. A FINAL COPY OF THE FEDERAL FORM 990, AS ULTIMATELY FILED WITH THE IRS, IS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY. Form 990, Part VI, Section B, line 12c TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. THERE IS NO FORMAL MONITORING PROCESS IN PLACE. CONFLICTS IF ANY, WOULD BE ADDRESSED BY THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT. Form 990, Part VI, Section B, line 15 WHEN A VACANCY OCCURS, THE GAMA PRESIDENT WILL APPOINT A SEARCH COMMITTEE CONSISTING OF BOARD, COMMUNITY, AND STAFF MEMBERS WHO CAN BEST REPRESENT THOSE GAMA CONSTITUENCIES ABLE TO DEFINE THE POSITION AND FORMALLY REVIEW APPLICANTS. ONCE THE SEARCH COMMITTEE HAS AFFIRMED THE CANDIDATE IN QUESTION, KEY MEMBERS OF THE EXECUTIVE BOARD MEET TO REVIEW THE LEAGUE OF AMERICAN ORCHESTRA'S COMPARATIVE SALARY INFORMATION AND FRINGES, THE CANDIDATE'S SALARY REQUIREMENTS, CURRENT GAMA BUDGET REQUIREMENTS, THE PROSPECTIVE COMPONENTS OF A CONTRACT, THE EXTENT TO WHICH IT WILL BE EXTENDED, AND THE RANGE TO WHICH THE NEGOTIATOR IS ALLOWED TO NEGOTIATE IN GOOD FAITH. IF AN AGREEMENT IS REACHED, THE AGREEMENT IS PLACED BEFORE THE EXECUTIVE BOARD FOR APPROVAL OR REJECTION. A SIMILAR PROCEDURE IS UNDERTAKEN ANNUALLY FOR EVALUATING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES EMPLOYED ON AN ONGOING BASIS. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES AVAILABLE FOR PUBLIC INSPECTION, UPON REQUEST, ALL current dOCUMENTS AS REQUIRED BY FEDERAL, STATE AND LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE IRS FORM 990, ANNUAL REPORT, AUDITED FINANCIAL STATEMENTS AND MINUTES OF THE EXECUTIVE BOARD. Form 990, Part IX, line 11g Professional and Contract: Program service expenses 187,739. Management and general expenses 26,513. Fundraising expenses 0. Total expenses 214,252. GREATER AKRON MUSICAL ASSN FOUNDATION 92 NORTH MAIN STREET AKRON OH 44308 341635435 ENDOWMENT FD OH 501(c)(3) Line 11a, I Greater Akron Musical Assn 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 GREATER AKRON MUSICAL FOUNDATION C 300000 FMV