2025-03-13T07:00:53-05:00 2024-05-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2023-06-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ELISE BRUNELLE EXECUTIVE DIRECTOR 8028645741 2025-03-12 1 0 CONNIE FELLION P01875413 8026581808 2025-03-12 2023 2025-03-06 01:10:19Z ELISE BRUNELLE 2 CHURCH STREET BURLINGTON VT 05401 1985997 0 X WWW.VSO.ORG X 1938 VT THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 15 15 145 115 0 0 989119 685234 420779 370046 159035 275988 7267 18528 1576200 1349796 0 0 0 0 922941 884399 0 0 275733 1022220 983748 1945161 1868147 -368961 -518351 6001219 6308365 300551 370423 5700668 5937942 THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 0 0 1240799 325575 FOR FY24: 12 CORE PERFORMANCES STATEWIDE WITH FULL ORCHESTRA INCLUDING VSO AT THE FLYNN/PARAMOUNT (FORMERLY "CLASSICAL SERIES"), SUMMER FESTIVAL TOUR, AND HOLIDAY POPS, TO WHICH WE ADDED SIX CHAMBER ORCHESTRA PERFORMANCES (MADE IN VERMONT, VSO WITH DIONNE WARWICK, MIDDLEBURY NEW FILMMAKERS FESTIVAL). TOTAL AUDIENCE = 9,424. 96508 45838 FOR FY24: 27 STATEWIDE SMALL ENSEMBLE PERFORMANCES INCLUDING BURLINGTON PRIDE, JUKEBOX QUARTET, BRASS QUINTET & COUNTERPOINT, ADAM TENDLER PIANO, AND VT FLOOD ARTIST FUNDRAISING CONCERTS). TOTAL AUDIENCE = 5,526. 41359 16177 FOR FY24: 34 EDUCATIONAL EVENTS TOOK PLACE STATEWIDE THROUGHOUT THE YEAR, INCLUDING OLLI AND VERMONT HUMANITIES ADULT EDUCATION WORKSHOPS, MUSICIANS IN SCHOOLS PERFORMANCES, YOUNG COMPOSERS WORKSHOP AND CONCERT, MUSIC-COMP COMPOSER PREMIERES, AND THE MASTERCLEF COMPOSITION COMPETITION. TOTAL ATTENDANCE = 2,900. 1378666 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 145 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELISE BRUNELLE 8028645741 2 CHURCH STREET BURLINGTON VT 05401 BETSY BLOOMER CHAIR 2.00 X X 0 0 0 ROBERT KENNY VICE CHAIR 2.00 X X 0 0 0 RANDALL SARGENT TREASURER 2.00 X X 0 0 0 ROBERT DONALD DIRECTOR 1.00 X 0 0 0 LIISA KISSEL DIRECTOR 1.00 X 0 0 0 CATHLEEN CATHY STADECKER DIRECTOR 1.00 X 0 0 0 ABBOTT STARK DIRECTOR 1.00 X 0 0 0 SYNDI ZOOK DIRECTOR 1.00 X 0 0 0 LYNN BARRETT DIRECTOR 1.00 X 0 0 0 ALISON CLARKSON DIRECTOR 1.00 X 0 0 0 CAROL DEVINE DIRECTOR 1.00 X 0 0 0 SALLY RIVARD DIRECTOR 1.00 X 0 0 0 JOHN CANNING DIRECTOR (START 06/23) 1.00 X 0 0 0 LESLIE BLACK SULLIVAN DIRECTOR (START 06/23) 1.00 X 0 0 0 MATTHEW EVAN TAYLOR DIRECTOR (START 06/23) 1.00 X 0 0 0 SIMEON ANANOU DIRECTOR (END 09/23) 1.00 X 0 0 0 LYN LAUFFER DIRECTOR (END 06/23) 1.00 X 0 0 0 BRIAN HARWOOD DIRECTOR (END 06/23) 1.00 X 0 0 0 SHARON REICH PAULSEN DIRECTOR (END 06/23) 1.00 X 0 0 0 ELISE BRUNELLE EXECUTIVE DIRECTOR 40.00 X 95796 0 18291 95796 0 18291 0 0 0 0 0 168370 516864 565 685234 PERFORMANCE REVENUES 711130 370046 370046 370046 103500 103500 803615 631127 172488 172488 172488 1900 565 916 984 984 2097 4158 -2061 -2061 INSURANCE PROCEEDS 900099 19605 19605 19605 1349796 387590 0 276972 X 117579 88185 11758 17636 663618 497713 66362 99543 11439 8579 1144 1716 30070 22552 3007 4511 61693 46270 6169 9254 480 360 48 72 9600 7200 960 1440 29928 29928 253043 189782 25305 37956 164674 123506 16467 24701 20308 15231 2031 3046 24540 18405 2454 3681 109147 81860 10915 16372 4052 3039 405 608 4311 3233 431 647 14608 10956 1461 2191 EQUIPMENT RENTAL AND ST 232992 174744 23299 34949 CONCERT EXPENSES 64132 48099 6413 9620 MISCELLANEOUS 23861 17897 2384 3580 DONOR BENEFITS 14078 10559 1408 2111 13994 10496 1399 2099 1868147 1378666 213748 275733 21028 18861 19530 1927 293813 75870 48986 19378 720 5433 47517 40736 231864 194122 42052 37742 5234160 5794126 293413 314292 6001219 6308365 48423 54676 105557 152419 146571 163328 300551 370423 X 4414 -246346 5696254 6184288 5700668 5937942 6001219 6308365 X -518351 710825 44800 X 0 1 X 1 0 X 1009602 729376 1556162 989119 685234 4969493 1009602 729376 1556162 989119 685234 4969493 277400 4692093 93461 43596 66268 76754 103500 383579 24270 19982 929 11372 23602 80155 5433227 1612818 0.86360 0.87770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 24,270. 2020 AMOUNT: $ 19,982. 2021 AMOUNT: $ 929. 2022 AMOUNT: $ 11,372. 2023 AMOUNT: $ 23,602. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5234160 103327 955622 498983 5794126 5325131 62332 231059 384362 5234160 5340990 287680 -294339 9200 5325131 4509229 280175 998866 447280 5340990 4416487 304816 252589 464663 4509229 0.00000 0.81426 0.18574 1 0 164734 156960 7774 67130 37162 29968 37742 X 2215544 710825 134977 49874 895676 1319868 29928 29928 1349796 1978270 134977 5074 140051 1838219 29928 29928 1868147 PART V, LINE 4: THE ORGANIZATION HAS A NUMBER OF PERMANENTLY RESTRICTED FUNDS WITH SOME SUPPORTING SPECIFIC CONCERTS, SPECIFIC ORCHESTRAL SERVICES AND EDUCATIONAL ACTIVITIES BUT WITH THE MAJORITY SUPPORTING GENERAL OPERATIONS. 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 ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED MAY 31, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FROM PERPETUAL TRUST 27,537. INCOME FROM BENEFICIAL INTEREST 17,263. COST OF GOODS SOLD 4,158. SPECIAL EVENTS 916. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,158. SPECIAL EVENTS 916. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND 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 REQUIRES ALL BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE PROCESS IS MONITORED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT BOARD MEMBERS REVIEW INFORMAL SALARY COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATE THEIR DELIBERATIONS RELATED TO THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER MANAGEMENT STAFF. FORM 990, PART VI, SECTION C, LINE 19 THOUGH THE ORGANIZATION 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 BOOKKEEPING: PROGRAM SERVICE EXPENSES 7,315. MANAGEMENT AND GENERAL EXPENSES 976. FUNDRAISING EXPENSES 1,463. TOTAL EXPENSES 9,754. BANK CHARGES: PROGRAM SERVICE EXPENSES 3,142. MANAGEMENT AND GENERAL EXPENSES 419. FUNDRAISING EXPENSES 628. TOTAL EXPENSES 4,189. ARTISTIC PERSONNEL: PROGRAM SERVICE EXPENSES 176,331. MANAGEMENT AND GENERAL EXPENSES 23,511. FUNDRAISING EXPENSES 35,266. TOTAL EXPENSES 235,108. IT SUPPORT: PROGRAM SERVICE EXPENSES 2,994. MANAGEMENT AND GENERAL EXPENSES 399. FUNDRAISING EXPENSES 599. TOTAL EXPENSES 3,992. FORM 990, PART XI, LINE 9: INCOME (LOSS) FROM PERPETUAL TRUST 27,537. INCOME (LOSS) FROM BENEFICIAL INTEREST 17,263.