2013-04-01T13:26:58-05:00 2012-08-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2011-09-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ALAN JORDAN 8028645741 2013-03-28 1 JAMES M HARNISH P01215311 8026581808 2011 2016-02-25 16:41:14Z ALAN JORDAN 2 CHURCH STREET BURLINGTON VT 05401 2043018 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. 21 20 7 400 0 0 1067754 706237 601051 612716 40938 97825 95750 139000 1805493 1555778 0 0 0 0 291381 347104 0 0 145246 1059687 1235202 1351068 1582306 454425 -26528 4197417 4385321 405275 333819 3792142 4051502 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 730935 508554 CORE PERFORMANCES INCLUDE THE MASTERWORKS SERIES, HOLIDAY POPS, SUMMER FESTIVAL TOUR, AND BRASS QUINTET WITH OVER 18,500 IN ATTENDANCE. 97062 42890 THE "MADE IN VERMONT" TOUR PRESENTS ORCHESTRAL PERFORMANCES IN SMALL TOWNS THROUGHOUT VERMONT; NEARLY 1,500 IN ATTENDANCE. 405671 61272 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 30,200 IN ATTENDANCE. 1233668 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 112 0 7 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 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 40.00 X X 80808 0 17484 ANDREA FORREST BROCK 1.00 X 0 0 0 AVSHALOM KALICHSTEIN 1.00 X 0 0 0 BARBARA WESSEL 1.00 X 0 0 0 BRIAN HARWOOD 3.00 X X 0 0 0 BRUCE LISMAN 1.00 X 0 0 0 EDWIN COLODNY 1.00 X 0 0 0 FRANCIS BROOKS 1.00 X 0 0 0 GAETANO VICINELLI 1.00 X 0 0 0 JANET BRAMLEY 1.00 X 0 0 0 JOHN TAMPAS 1.00 X 0 0 0 LYN LAUFFER 1.00 X 0 0 0 MADELEINE KUNIN 1.00 X 0 0 0 MALCOLM SEVERANCE 2.00 X X 0 0 0 PEREZ EHRICH 1.00 X 0 0 0 RICHARD SCHNEIDER 1.00 X 0 0 0 SANDY JACOBS 1.00 X 0 0 0 SYLVIA ROBISON 2.00 X X 0 0 0 VICTORIA YOUNG 2.00 X X 0 0 0 VIRGINIA ROTH 1.00 X 0 0 0 YOINE GOLDSTEIN 1.00 X 0 0 0 80808 0 17484 0 0 0 0 0 169573 134083 402581 15542 706237 PERFORMANCE REVENUE 711130 612716 612716 612716 74621 74621 492958 469754 23204 23204 23204 100054 9527 90527 90527 11491 7959 3532 3532 PROGRAM ADVERTISING 900099 32756 32756 MISCELLANEOUS 900099 12185 12185 44941 1555778 616248 0 233293 102385 40954 40954 20477 181935 109269 27932 44734 4785 2720 2065 37090 21652 2362 13076 20909 12193 3375 5341 12766 12766 15470 15470 570725 551965 18760 85499 85499 107044 43829 39784 23431 18863 18863 84417 67213 10789 6415 85078 77713 4619 2746 6335 2597 2344 1394 6113 6113 11179 4584 4136 2459 13948 8445 3451 2052 CONCERT EQUIPMENT & SUP 149864 149864 PROGRAM PRINTING 26849 26849 MISCELLANEOUS 20723 8496 7668 4559 FUNDRAISING EXPENSES 15980 15980 4349 963 2869 517 1582306 1233668 203392 145246 5221 6424 700325 535432 28991 32819 105192 27178 259226 174546 93870 84680 2999560 3431014 264258 267774 4197417 4385321 53656 74917 266619 258902 85000 405275 333819 X -292214 -360260 309231 559165 3775125 3852597 3792142 4051502 4197417 4385321 X -26528 285888 X 0 1 1 X 0 X 2432810 891834 1230017 1067754 706237 6328652 2432810 891834 1230017 1067754 706237 6328652 1045417 5283235 27951 27793 43380 61387 74621 235132 5198 11769 10149 4030 13254 44400 6608184 0.79950 0.78270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2999560 151795 365256 85597 3431014 2407505 404042 233632 45619 2999560 1724115 696939 7708 21257 2407505 935616 835000 -12745 33755 1724116 0.00000 1.00000 0.00000 1 0 214841 154820 60021 44385 19726 24659 84680 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 267774 267774 1555778 1582306 -26528 285888 285888 259360 2119352 285888 275670 17486 579044 1540308 15470 15470 1555778 1859992 275670 17486 293156 1566836 15470 15470 1582306 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2009. PT 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. PT XII LINE 2D SPECIAL EVENT EXPENSES $9,527; COST OF GOODS SOLD $7,959. PT XIII LINE 2D SEE PART XII LINE 2D ABOVE. WALTZ NIGHT 68077 68077 9527 RADIO AUCTION 20045 20045 1 11932 11932 100054 100054 9527 9527 90527 KENLEY SQUIERWDEV RADIO DIRECTOR 5888 RADIO ADVERTISING 0 X 6 15542 AVERAGE SHARE PRICE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 285,888.