2015-04-10T09:45:43-05:00 2014-08-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2013-09-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ALAN JORDAN EXECUTIVE DIRECTOR 8028645741 2015-04-08 1 JAMES M HARNISH P01215311 8026581808 2013 2016-02-25 16:41:14Z ALAN JORDAN 2 CHURCH STREET BURLINGTON VT 05401 3286995 0 X WWW.VSO.ORG X 1938 VT THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE APPRECIATION OF MUSIC IN ALL FORMS, WITH EMPHASIS ON ORCHESTRAL, CHORAL, AND CHAMBER MUSIC. IT RAISES THE STANDARD OF MUSICAL EDUCATION AND ENJOYMENT, AND PROVIDES QUALITY PERFORMANCES FOR A BROAD AND DIVERSE PUBLIC THROUGHOUT THE STATE OF VERMONT. 14 14 8 440 0 0 859733 742130 486588 564287 250819 305788 112800 81721 1709940 1693926 0 0 0 0 333362 300795 0 0 109954 1100070 1221218 1433432 1522013 276508 171913 4882989 5461166 388257 369146 4494732 5092020 X THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE APPRECIATION OF MUSIC IN ALL FORMS, WITH EMPHASIS ON ORCHESTRAL, CHORAL, AND CHAMBER MUSIC. IT RAISES THE STANDARD OF MUSICAL EDUCATION AND ENJOYMENT, AND PROVIDES QUALITY PERFORMANCES FOR A BROAD AND DIVERSE PUBLIC THROUGHOUT THE STATE OF VERMONT. 0 0 699462 431991 CORE PERFORMANCES INCLUDE THE MASTERWORKS SERIES, HOLIDAY POPS, SUMMER FESTIVAL TOUR, AND BRASS QUINTET WITH OVER 15,974 IN ATTENDANCE. 94782 24642 THE "MADE IN VERMONT" TOUR PRESENTS ORCHESTRAL PERFORMANCES IN SMALL TOWNS THROUGHOUT VERMONT; NEARLY 1,735 IN ATTENDANCE. 438279 109088 OTHER PROGRAMS INCLUDE OUTREACH PROGRAMS, COMPOSER RESIDENCIES, AND VARIOUS EDUCATIONAL AND SMALL GROUP PERFORMANCES INCLUDING THE "SYMPHONY KIDS" PROGRAM WHICH ANNUALLY REACH, ON AVERAGE, HALF OF VERMONT'S ELEMENTARY AND MIDDLE SCHOOL STUDENTS; OVER 38,953 IN ATTENDANCE. 1232523 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 127 0 8 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MARGOT KELSH 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ALAN JORDAN EXECUTIVE DIRECTOR 40.00 X X 82964 0 16622 ANDREA FORREST BROCK VICE CHAIR 1.00 X 0 0 0 AVSHALOM KALICHSTEIN DIRECTOR 1.00 X 0 0 0 BARBARA WESSEL DIRECTOR 1.00 X 0 0 0 FRANCIS BROOKS DIRECTOR 1.00 X 0 0 0 JANET BRAMLEY DIRECTOR 1.00 X 0 0 0 LARRY JENSEN DIRECTOR 1.00 X 0 0 0 LESLIE BLACK SULLIVAN DIRECTOR 1.00 X 0 0 0 LYN LAUFFER DIRECTOR 1.00 X 0 0 0 MADELEINE KUNIN DIRECTOR 1.00 X 0 0 0 MALCOLM SEVERANCE DIRECTOR 1.00 X X 0 0 0 PEREZ EHRICH TREASURER 2.00 X 0 0 0 VICTORIA YOUNG CHAIR 2.00 X X 0 0 0 VIRGINIA ROTH SECRETARY 2.00 X X 0 0 0 YOINE GOLDSTEIN DIRECTOR 1.00 X 0 0 0 82964 0 16622 0 0 0 0 0 141875 155215 445040 44729 742130 PERFORMANCE REVENUE 711130 564287 564287 564287 66250 66250 1822149 1582611 239538 239538 239538 54147 6126 48021 48021 5766 4332 1434 1434 PROGRAM ADVERTISING 900099 29325 29325 MISCELLANEOUS 900099 2941 2941 32266 1693926 565721 0 386075 X 105415 42166 42166 21083 153261 113317 28289 11655 5313 5313 17578 14639 2172 767 19228 12752 3495 2981 11300 11300 24596 24596 630832 611154 19678 64707 64707 32185 13105 12180 6900 19264 19264 85264 67295 11269 6700 78109 74300 2389 1420 2504 1027 926 551 7909 7909 13227 5423 4894 2910 26230 16750 5945 3535 CONCERT EQUIPMENT & SUP 143324 143324 FUNDRAISING EXPENSES 49653 49653 PROGRAM PRINTING 24616 24616 DUES & SUBSCRIPTIONS 5249 2152 1942 1155 2249 1219 386 644 1522013 1232523 179536 109954 35590 8973 548433 446839 24453 20292 22188 17179 285122 198807 97269 86315 3873558 4495555 281498 386013 4882989 5461166 86232 104882 265025 234264 37000 30000 388257 369146 X -417182 -313375 1004707 1294722 3907207 4110673 4494732 5092020 4882989 5461166 X 171913 437375 -12000 X 0 1 X 1 0 X 1230017 1067754 706237 859733 740599 4604340 1230017 1067754 706237 859733 740599 4604340 199661 4404679 43380 61387 74621 78113 66250 323751 10149 4030 13254 6784 2941 37158 4965249 0.88710 0.73590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3873558 116871 639881 134755 4495555 3431014 114937 439318 111711 3873558 2999560 151795 365256 85597 3431014 2407505 404042 233632 45619 2999560 1724115 696939 7708 21257 2407505 0.00000 0.73450 0.26550 1 0 239027 176415 62612 46095 22392 23703 86315 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 386013 386013 LINE OF CREDIT 30000 30000 X 2324041 437375 218878 -1542 654711 1669330 24596 24596 1693926 1726753 218878 10458 229336 1497417 24596 24596 1522013 PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORCHESTRA HAS NO UNCERTAIN TAX POSITIONS. THE ORCHESTRA ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THEIR CONSOLIDATED FINANCIAL STATEMENTS. IF NECESSARY, THE ORCHESTRA WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. MANAGEMENT BELIEVES THE ORCHESTRA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED AUGUST 31, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 6,126. COGS 4,332. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -12,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 6,126. COGS 4,332. SCHEDULE D, PART V, LINE 4 THE ORGANIZATION HAS A VARIETY OF PERMANENTLY RESTRICTED FUNDS WITH SOME SUPPORTING SPECIFIC CONCERTS, SPECIFIC ORCHESTRAL SERVICES AND EDUCATIONAL ACTIVITIES BUT WITH THE MAJORITY SUPPORTING GENERAL OPERATIONS. SYMPHONY GALA 27825 27825 6126 CELLAR RAFFLE 19265 19265 1 7057 7057 54147 54147 6126 6126 48021 X 7 44729 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERSHIP IS RESPONSIBLE FOR ELECTING ITS GOVERNING BOARD OF DIRECTORS BUT DOES NOT HAVE THE POWER TO RATIFY OR APPROVE THE ACTS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BY THE TREASURER, WHO REPORTS TO THE FINANCE COMMITTEE. A FINAL VERSION IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CIRCULATES CONFLICT DISCLOSURE STATEMENTS ANNUALLY WHICH ARE COMPILED BY THE EXECUTIVE DIRECTOR AND RETAINED ON FILE. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT BOARD MEMBERS REVIEW COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATE THEIR DELIBERATIONS RELATED TO THE ANNUAL COMPENSATION REVIEW OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 ALTHOUGH THE ORGANZIATION HAS NEVER RECEIVED A REQUEST FOR ITS ORGANIZATIONAL DOCUMENTS OR CONFLICT OF INTEREST POLICY, IT MAKES THESE DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 611,154. MANAGEMENT AND GENERAL EXPENSES 19,678. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 630,832. FORM 990, PART XI, LINE 9: CHANGE IN UNCOLLECTIBLE PLEDGES -12,000.