2013-02-14T16:12:43-06:00 2012-06-30 383635706 REHMANN ROBSON 5555 AIRPORT HWY STE 200 TOLEDO OH 43615 990 2011-07-01 344005365 TOLEDO ORCHESTRA ASSOCIATION INC TOLE 4192411272 1838 PARKWOOD AVENUE TOLEDO OH 43624 KATHLEEN CARROLL 4193216890 2013-02-14 1 KRIS C BOTTLES CPA P00446965 4198658118 2011 2016-03-07 17:11:31Z KATHLEEN CARROLL 1838 PARKWOOD AVENUE TOLEDO OH 43624 9942717 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. 44 44 252 50 0 0 1685378 4108619 1944345 1734263 419087 577328 159465 92680 4208275 6512890 19625 10270 0 0 4062607 4000788 44560 25060 207651 1729953 1757265 5856745 5793383 -1648470 719507 18291171 18489656 1784846 1685551 16506325 16804105 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 4876987 10270 1734263 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 NEARING 260,000 TOOK IN OVER 350 MUSICAL PRESENTATIONS OF ALL SIZES DURING THE YEAR. ONCE AGAIN, THE FY12 OPERATING BUDGET WAS BALANCED, DUE TO EXTRAORDINARY BRIDGE FUND SUPPORT WHICH WAS RAISED ALONG WITH NEW COMMITMENTS TO THE TOLEDO SYMPHONY ENDOWMENT FUND IN EXCESS OF $1.2 MILLION.YET, FINANCIAL PERFORMANCE TRAILS THE ARTISTIC AND EDUCATION ACHIEVEMENTS OF THE ENSEMBLE. WHAT FOLLOWS ARE HIGHLIGHTS FROM THE OFFERINGS OF THE SEASON, PARTICULARLY THOSE WHICH SHOWCASE THE ORCHESTRA'S EXTRAORDINARY ABILITY TO COLLABORATE WITH AREA EDUCATIONS, CULTURAL AND PERFORMING ARTS ORGANIZATIONS.IN APRIL, 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 "MUSIC FOR A TIME OF WAR," THE RE-CREATION OF A CONCERT PROGRAM SELECTED FOR PRESENTATION AT THE INAUGURAL SPRING FOR MUSIC FESTIVAL BY THE OREGON SYMPHONY CONDUCTED BY CARLOS KALMAR. HARKENING BACK TO THE TOLEDO SYMPHONY'S 2011 PERFORMANCE AT CARNEGIE HALL, THE CLEVELAND PLAYHOUSE AND THE CLEVELAND ORCHESTRA COLLABORATED ON THE PRESENTATION OF "EVERY GOOD BOY DESERVES FAVOUR" IN THE SAME MONTH.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 TOLEOD, 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 THE INSTRUCTION IN THE SUZUKI METHOD FOR PIANO, VIOLIN, AND CELLO BEGINNING AT AGE 3. IT IS WIDELY BELIEVED THAT THE STUDY OF MUSIC AND DEVELOPMENT OF MUSIC SKILLS, RESULTS IN A MEASURABLE DEGREE OF SCHOLASTIC ACHIEVEMENT. IN ADDITION TO THE 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.THE TSO IS GOVERNED BY 65 MEMBERS OF THE TOLEDO ORCHESTRA ASSOCIATION, INC. BOARD OF TRUSTEES, 44 OF WHOM ARE VOTING MEMBERS AND 21 WHO SERVE ON THE ASSOCIATION ADVISORY BOARD. THE SYMPHONY ENGAGES A PROFESSIONAL ADMINISTRATIVE STAFF OF 20, MADE UP OF 12 FULL TIME EMPLOYEES AND 8 PART TIME EMPLOYEES WHO ARE TYPICALLY MUSICIANS WITH THE ORCHESTRA. THE OPERATING BUDGET OF $5.8 MILLION IS COMPRISED OF 43% EARNED REVENUE, 24% ENDOWMENT, AND 33% CONTRIBUTED INCOME. A TASK FORCE ASSEMBLED OVER THE SUMMER OF 2012 EXPLORED INCOME AND EXPENSE SCENARIOS FOR THE ORGANIZATION AND REACHED CONSENSUS ON 10 INTITIATIVES TO BE PURSUED OVER THE COURSE OF FY12 AND FY13, LEADING TO A $500,000 BENEFIT FROM THE BOTTOM LINE IN LESS EXPENSE OR GREATER INCOME. 4876987 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 0 1 60 0 252 1 0 0 0 0 0 1 1 0 0 0 0 X 44 44 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 THOMAS E BRADY 1.00 X 0 0 0 BRIAN BUCHER 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 DEBOW FREED 1.00 X 0 0 0 ROBERT C HELMER 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 JOSEPH H LEMIEUX 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 CAROLYN SAUDER 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 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 40.00 X 129782 0 13075 RANDI DIER 40.00 X 73452 0 5777 RICHARD P ANDERSON 1.00 X 0 0 0 WILLIAM F BUCKLEY 1.00 X 0 0 0 JUSTICE G JOHNSON JR 1.00 X 0 0 0 FREDRICK I YOCUM 1.00 X 0 0 0 203234 0 18852 1 0 0 0 STEFAN SANDERLING 119 60TH ST ST PETERSBURG FL 33705 CONDUCTOR 161000 1 6955 962 75879 4024823 4108619 TICKET SALES 711300 1672673 1672673 PROGRAM ADVERTISING 711300 61590 61590 1734263 329688 329688 3645599 3397959 247640 247640 247640 83268 962 31868 51400 51400 OTHER 900099 41280 41280 41280 6512890 1734263 0 670008 10270 10270 221931 221931 3035932 2854470 90540 90922 484414 420564 45215 18635 258511 203653 47724 7134 25060 25060 146239 59964 66575 19700 224804 224804 99049 47520 31367 20162 273045 192878 80167 121856 108931 12925 14553 14553 75789 48644 27145 25657 12959 12698 GUEST ARTISTS 246701 246701 PROGRAMS AND BROCHURES 165311 165311 MISCELLANEOUS 68905 53446 15459 EQUIPMENT RENTAL AND MA 60227 39440 20787 235129 187432 21659 26038 5793383 4876987 708745 207651 296292 397713 1800568 1404418 316963 1265952 118271 101514 2071 2071 78804 88753 1336576 966216 417501 370360 11159895 9795226 4006774 4967693 94032 95956 18291171 18489656 757382 597472 647328 735079 380136 353000 1784846 1685551 X -438888 -414456 11095360 11348708 5849853 5869853 16506325 16804105 18291171 18489656 X 719507 -421727 X X 0 1 1 X 0 X 3867814 3529979 2810506 1685378 4025785 15919462 3867814 3529979 2810506 1685378 4025785 15919462 4527762 11391700 527023 389072 351872 327862 329688 1925517 26324 17348 29690 46462 41280 161104 18006083 9810380 0.63270 0.70960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16777711 680073 144800 1714743 33781 15854060 15503230 497419 2678667 1867010 34595 16777711 13899325 848242 2151552 1363292 32597 15503230 16241361 1307098 -2198791 1422143 28200 13899325 0.57000 0.34000 0.09000 0 0 19249 19007 242 858508 593490 265018 458819 353719 105100 370360 CORPORATE AND GOVERNMENT OBLIGATIONS 4967693 F 4967693 UNSECURED BANK LINE OF CREDIT 353000 353000 6512890 5793383 719507 -421727 -421727 297780 6091163 -421727 -421727 6512890 0 6512890 5793383 0 5793383 0 5793383 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: THE ASSOCIATION HAS EVALUATED UNCERTAIN INCOME TAX POSITIONS AND BELIEVES THERE ARE NO UNCERTAIN INCOME TAX POSITIONS OF SIGNIFICANCE THAT ARE REQUIRED TO BE RECORDED OR DISCLOSED. X X X X X X X 1 TAYLAR 219 N MILWAUKEE ST 5TH FLOOR MILWAUKEE WI 53202 TELEFUNDING 0 67760 25060 42700 67760 25060 42700 OH TSL GALA 25233 732 24501 3620 525 1253 DINNER MUSIC 31510 31510 13584 1716 3121 11 27487 230 27257 6631 1420 84230 962 83268 23835 2241 5794 31870 51398 OH 1 0 0 0 0 0 1 MERIT BASED SCHOLARSHIPS FOR MEMBERS OF THE TOLEDO YOUTH ORCHESTRA AND THE TOLEDO JUNIOR YOUTH ORCHESTRA 38 10270 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. EXPLANATION FOR TOTAL NUMBER OF EMPLOYEES: FORM 990, PART I, LINE 5 OF THE 252 INDIVIDUALS THAT RECEIVED A 2011 W-2, 113 WERE MUSICIANS HIRED TO COMPLEMENT THE FULL TIME MUSICIANS NEEDED TO FULFILL THE REQUIREMENTS NECESSARY TO PLAY COMPOSITIONS REQUIRING AN EXPANDED MUSIC FORCE. ON AVERAGE, THIS GROUP OF MUSICIANS WORKED APPROXIMATELY 30 HOURS IN 2011 FOR THE TOLEDO SYMPHONY. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -421,727. FORM 990, PART XI, LINE 2C THE PROCESS USED HAS NOT CHANGED.