2014-04-25T09:48:05-05:00 2013-06-30 383635706 REHMANN ROBSON LLC 5555 AIRPORT HWY STE 200 TOLEDO OH 43615 990 2012-07-01 344005365 TOLEDO ORCHESTRA ASSOCIATION INC TOLE 4192411272 1838 PARKWOOD AVENUE TOLEDO OH 43624 KATHLEEN CARROLL 4193216890 2014-04-22 1 KRIS C BOTTLES CPA P00446965 4198658118 2012 2015-11-30 17:44:51Z KATHLEEN CARROLL WHITE 1838 PARKWOOD AVENUE TOLEDO OH 43624 7060143 0 X WWW.TOLEDOSYMPHONY.COM X 1951 OH THE TOLEDO ORCHESTRA ASSOCIATION, INC. EXISTS TO SUSTAIN A WORKING COMMUNITY OF MUSICAL ARTISTS IN OUR AREA WHO PERPETUATE THE EXPERIENCE OF SUPERB MUSICAL PERFORMANCES AND CONTINUOUS MUSICAL EDUCATION FOR ALL PEOPLE. 41 41 257 50 0 0 4108619 2473036 1734263 1846274 577328 1102938 92680 104352 6512890 5526600 10270 11800 0 0 4000788 4090676 25060 34450 222887 1757265 1652217 5793383 5789143 719507 -262543 18489656 18767567 1685551 1493855 16804105 17273712 X TO SUSTAIN A WORKING COMMUNITY OF MUSICAL ARTISTS WHO PERPETUATE THE EXPERIENCE OF SUPERB MUSICAL PERFORMANCES AND CONTINUOUS MUSICAL EDUCATION FOR ALL PEOPLE. 0 0 4885309 11800 1846274 FOLLOWING THE 2011 MILESTONE DEBUT IN NEW YORK CITY'S CARNEGIE HALL, THE TOLEDO SYMPHONY CONTINUED PROVIDING AUDIENCES ACROSS NORTHWEST OHIO WITH THE MUSICAL BENEFITS OF A RESIDENT PROFESSIONAL ORCHESTRA. AUDIENCES OF 250,000 TOOK IN HUNDREDS OF MUSICAL PRESENTATIONS OF ALL SIZES DURING THE YEAR. THE FY13 OPERATING BUDGET WAS BALANCED, DUE TO EXTRAORDINARY ENDOWMENT SUPPORT WHICH ALSO ELIMINATED ALL DEFICITS. IN THE COMING YEARS, THE ASSOCIATION HAS PLEDGED TO REDUCE THE PERCENTAGE DRAW ON ENDOWMENT SUPPORT ANNUALLY TO GAIN FURTHER FINANCIAL STABILITY FOR THE ORGANIZATION. FINANCIAL PERFORMANCE CONTINUES TO TRAIL ARTISTIC AND EDUCATIONAL ACHIEVEMENTS. WHAT FOLLOWS ARE JUST A FEW HIGHLIGHTS FROM THE OFFERINGS OF THE SEASON, PARTICULARLY THOSE WHICH SHOWCASE THE ORCHESTRA'S EXTRAORDINARY ABILITY TO COLLABORATE WITH AREA EDUCATIONAL, CULTURAL AND PERFORMING ARTS ORGANIZATIONS.IN FEBRUARY, THE TSO COLLABORATED WITH THE UNIVERSITY OF TOLEDO COLLEGE OF ARTS ON A SERIES OF LECTURES, FILM, AND EXPLORATIONS IN ANTICIPATION OF A PERFORMANCE OF "SOLDIER'S TALE" IN ITS FULL THEATRICAL AND BALLETIC ELEMENT.THE TOLEDO SYMPHONY CONTINUES ENERGETIC EFFORTS TO SUPPORT THE ECONOMIC DEVELOPMENT OF THE REGION BY PARTICIPATING FREQUENTLY WITH FOREIGN GUESTS VISITING THE REGION TO ASCERTAIN ECONOMIC OPPORTUNITIES. CONSIDERED BY MANY TO BE ONE OF THE STRONGEST CULTURAL ASSETS OF THE REGION, THE TSO TAKES A RESPONSIBLE ROLE BY ACTIVELY ENLIVENING ECONOMIC DEVELOPMENT ACTIVITIES WITH MUSIC.AS TEACHERS, TSO MUSICIANS ARE FULLY INVOLVED IN PRIVATE INSTRUCTION AND ACTIVE IN THE EDUCATIONAL VITALITY OF THREE YOUTH ORCHESTRAS WHICH SERVED 250 STUDENTS IN THE LAST YEAR FROM 60 DIFFERENT AREA SCHOOLS. THE EDUCATIONAL AND MUSICAL EXPERIENCES OF STUDENTS IN THE YOUTH ORCHESTRAS PROGRAM HAVE BEEN STRENGTHENED SIGNIFICANTLY THROUGH THE REGULAR PRESENCE OF PROFESSIONALS IN CLINICS AND MASTER CLASSES. SYMPHONY MUSICIANS ALSO SERVE AS ADJUNCT FACULTY MEMBERS AT BOWLING GREEN STATE UNIVERSITY, THE UNIVERSITY OF TOLEDO, HEIDELBERG COLLEGE, THE UNIVERSITY OF MICHIGAN, AND MANY OTHER SCHOOLS AND UNIVERSITIES. IN ADDITION, FOR THE YOUNGEST MUSICIANS, THE TSO SPONSORS THE TOLEDO SYMPHONY SCHOOL OF MUSIC FOR INSTRUCTION IN THE SUZUKI METHOD FOR PIANO, VIOLIN, CELLO, FLUTE AND HARP BEGINNING AT AGE 3. IT IS WIDELY BELIEVED THAT THE STUDY OF MUSIC AND THE DEVELOPMENT OF MUSICAL SKILLS RESULTS IN A MEASURABLE DEGREE OF SCHOLASTIC ACHIEVEMENT. IN ADDITION TO PRESENTATIONS OF CLASSICAL MASTERWORKS AND POPULAR MUSIC, THE ORCHESTRA ANNUALLY PERFORMS A SERIES OF CONCERTS IN CHURCHES ACROSS THE GREATER TOLEDO AREA, AND EXTENDS THIS PERFORMANCE SERVICE TO NEARLY 20 REGIONAL CONCERTS IN OHIO, MICHIGAN, AND INDIANA OVER THE COURSE OF ANY GIVEN YEAR.GOVERNED BY A VOLUNTEER BOARD, THE TSO HAS A STAFF COMPLEMENT OF 10 FULL TIME EMPLOYEES, COMPLEMENTED BY 10 WHO ARE MUSICIANS WITH THE ORCHESTRA SERVING PART TIME ON THE STAFF. THE OPERATING BUDGET OF $5.4 MILLION REFLECTS EARNED REVENUE, ENDOWMENT DISTRIBUTIONS, AND CONTRIBUTED INCOME. RECENT NEGOTIATIONS WITH THE MUSICIANS IN THE TSO RESULTED IN DECREASES OF 5-9% IN COMPENSATION. THESE ALONG WITH STAFF DECREASES RESULTED IN A 7.5% REDUCTION IN THE OPERATING BUDGET YEAR FROM THE 2013 APPROVED BUDGET. 4885309 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 257 1 0 0 0 0 0 1 1 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 OH X X RANDI DIER 4194180035 1838 PARKWOOD AVENUE TOLEDO OH 43624 RICHARD P ANDERSON 1.00 X X 0 0 0 WILLIAM F BUCKLEY 1.00 X X 0 0 0 JUSTICE G JOHNSON JR 1.00 X X 0 0 0 FREDRICK I YOCUM 1.00 X X 0 0 0 THOMAS E BRADY 1.00 X 0 0 0 ELAINE CANNING 1.00 X 0 0 0 GEORGE CHAPMAN 1.00 X 0 0 0 SARA JANE DEHOFF 1.00 X 0 0 0 ERIC S FANKHAUSER 1.00 X 0 0 0 KATHERINE FELL 1.00 X 0 0 0 PAM HERSHBERGER 1.00 X 0 0 0 KENNETH E HILEMAN 1.00 X 0 0 0 JAMES A HOFFMAN 1.00 X 0 0 0 FRANK JACOBS 1.00 X 0 0 0 GEORGE M JONES III 1.00 X 0 0 0 DONALD H KINCADE 1.00 X 0 0 0 JAMES E KLINE 1.00 X 0 0 0 HARLEY KRIPKE 1.00 X 0 0 0 ROBERT LACLAIR 1.00 X 0 0 0 DARRYL R LIPPMAN 1.00 X 0 0 0 HOWARD S MADIGAN MD 1.00 X 0 0 0 C ALLEN MCCONNELL 1.00 X 0 0 0 JOSEPH D NAPOLI 1.00 X 0 0 0 DOUGLAS NECKERS 1.00 X 0 0 0 JOSEPH O'HARA 1.00 X 0 0 0 RANDY OOSTRA 1.00 X 0 0 0 JONATHAN ORSER 1.00 X 0 0 0 MARNA RAMNATH 1.00 X 0 0 0 RONALD RYBARCZYK 1.00 X 0 0 0 ROBERT P SCHLATTER 1.00 X 0 0 0 THOMAS SCHMIDT 1.00 X 0 0 0 JEFFREY SHOWELL 1.00 X 0 0 0 DAVID A SNAVELY 1.00 X 0 0 0 SHARON S SPEYER 1.00 X 0 0 0 ANDREW W STUART 1.00 X 0 0 0 JOHN S SZUCH 1.00 X 0 0 0 MICHAEL H THAMAN 1.00 X 0 0 0 LOUIS E TOSI 1.00 X 0 0 0 MICHAEL R WILCOX 1.00 X 0 0 0 MARY WOLFE 1.00 X 0 0 0 JOSEPH ZERBEY 1.00 X 0 0 0 KATHLEEN CARROLL WHITE 40.00 X 129793 0 10811 RANDI DIER 40.00 X 73047 0 4219 202840 0 15030 1 0 0 0 STEFAN SANDERLING 119 60TH ST ST PETERSBURG FL 33705 MUSIC DIRECTOR 101200 1 7400 10180 94624 2360832 2473036 TICKET SALES 711300 1783719 1783719 PROGRAM ADVERTISING 711300 62555 62555 1846274 358096 358096 2233496 1488654 744842 744842 744842 97034 10180 44889 52145 52145 OTHER 900099 52207 52207 52207 5526600 1846274 0 1207290 11800 11800 218927 218927 3114552 2953500 55998 105054 496742 431921 44401 20420 260455 206661 46074 7720 34450 34450 131152 58847 72305 193836 193836 121353 49952 29513 41888 17233 17233 276076 197794 78282 108989 101614 7375 17789 17789 70482 46544 23938 26340 11907 14433 GUEST ARTISTS 192091 192091 PROGRAMS AND BROCHURES 141605 141605 MISCELLANEOUS 78753 51086 27667 EQUIPMENT RENTAL AND MA 60299 37222 23077 216219 181696 21168 13355 5789143 4885309 680947 222887 397713 713625 1404418 1821295 1265952 897506 101514 54400 2071 0 88753 90325 1366158 1036699 370360 329459 9795226 11492964 4967693 3271764 95956 96229 18489656 18767567 597472 656073 735079 659782 353000 178000 1685551 1493855 X -414456 10192028 11348708 1211831 5869853 5869853 16804105 17273712 18489656 18767567 -262543 732150 0 X X 0 1 X 1 0 X 3529979 2810506 1685378 4025785 2378412 14430060 3529979 2810506 1685378 4025785 2378412 14430060 3952971 10477089 389072 351872 327862 329688 358096 1756590 17348 29690 46462 41280 52207 186987 16373637 10376508 0.63990 0.63270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15854060 594737 1833930 1930041 52450 16300236 16777711 680073 144800 1714743 33781 15854060 15503230 497419 2678667 1867010 34595 16777711 13899325 848242 2151552 1363292 32597 15503230 16241361 1307098 -2198791 1422143 28200 13899325 0.62000 0.36000 0.02000 0 0 19249 19249 0 863165 637389 225776 483744 380061 103683 329459 CORPORATE AND GOVERNMENT OBLIGATIONS 3271764 F 3271764 UNSECURED BANK LINE OF CREDIT 178000 178000 X 6258750 732150 732150 5526600 0 5526600 5789143 0 5789143 0 5789143 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE LONG-TERM OPERATING STABILITY TO THE EXEMPT ORGANIZATION IN ORDER TO PRESERVE THE MUSICAL ASSET. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. X X X X X X X 1 TAYLAR 219 N MILWAUKEE ST 5TH FLOOR MILWAUKEE WI 53202 TELEFUNDING 0 77832 34450 43382 77832 34450 43382 OH DINNER MUSIC 26935 4980 21955 0 0 0 4698 0 1116 TSL GALA 49510 4300 45210 0 0 0 24884 2742 5026 9 30769 900 29869 0 0 0 5234 0 1189 107214 10180 97034 34816 2742 7331 44889 52145 OH 1 0 0 0 0 0 1 MERIT BASED SCHOLARSHIPS FOR MEMBERS OF THE TOLEDO YOUTH ORCHESTRA AND THE TOLEDO JUNIOR YOUTH ORCHESTRA 26 9300 SUMMER STUDY GRANTS FOR TSO MUSICIANS 2 1000 SCHOLARSHIP FOR WINNER OF YOUNG ARTIST COMPETITION 1 1500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: CANDIDATES FOR THE LEAGUE SCHOLARSHIPS ARE JUDGED ON THEIR PLAYING ABILITY. THE GRANTS ARE ALWAYS FOR $500 OR LESS AND ARE TO BE USED TO FURTHER THEIR EDUCATION IN MUSIC. FOR SENIOR SCHOLAR WINNERS VERIFICATION OF COLLEGE ENROLLMENT IS DONE PRIOR TO ISSUANCE OF THE GRANT PAYMENT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE, THE PRESIDENT, AND THE TREASURER OF THE BOARD. THE RETURN IS THEN PRESENTED TO THE FINANCE COMMITTEE FOR APPROVAL. THE 990 IS SENT TO EACH MEMBER OF THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS GIVEN TO ALL BOARD MEMBERS. IT IS AN AGENDA ITEM AT EACH MEETING. IT IS ASKED THAT ANY MEMBER WHO HAS A CONFLICT OF INTEREST ACT IN A MANNER CONSISTENT WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE REVIEWS AND DETERMINES COMPENSATION FOR THE PRESIDENT/CEO. THE PRESIDENT DETERMINES COMPENSATION FOR OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE TOLEDO ORCHESTRA ASSOCIATION MAKES AVAILABLE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. THE ANNUAL AUDIT IS AVAILABLE TO ALL DONORS UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE PROCESS FROM PRIOR YEAR.