2023-12-12T12:55:57-06:00 2023-07-31 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W STE 1200 BRADENTON FL 34205 990 2022-08-01 326004523 FLORIDA WEST COAST SYMPHONY INC ENDOWMENT TRUST FLOR 9419534252 709 N TAMIAMI TRAIL SARASOTA FL 34236 LOIS STULBERG CHAIR 9419534252 2023-12-12 1 LOIS STULBERG 999009999 1 BRIAN CARTER P00536712 9417474483 2023-12-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LOIS STULBERG 709 N TAMIAMI TRAIL SARASOTA FL 34236 1210475 0 X WWW.SARASOTAORCHESTRA.ORG X 2000 FL TO HAVE, TO HOLD AND TO MANAGE AN ENDOWMENT FUND FOR THE BENEFIT OF THE FLORIDA WEST COAST SYMPHONY, INC. D/B/A SARASOTA ORCHESTRA, A 501(C)(3) ORGANIZATION. 5 5 0 5 0 0 455098 77500 0 0 878581 495431 0 0 1333679 572931 1565000 1300000 0 0 0 0 0 0 0 114983 100795 1679983 1400795 -346304 -827864 31410388 32488741 0 0 31410388 32488741 TO HAVE, TO HOLD AND TO MANAGE AN ENDOWMENT FUND FOR THE BENEFIT OF THE FLORIDA WEST COAST SYMPHONY, INC. D/B/A SARASOTA ORCHESTRA, A 501(C)(3) ORGANIZATION. 0 0 1300000 1300000 DISTRIBUTIONS AS TRANSFERS WERE MADE TO THE FLORIDA WEST COAST SYMPHONY FOR THE BENEFIT OF THE SYMPHONY, A 501(C)(3) ORGANIZATION. 1300000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X X CATHY WILSON 9419534252 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 LOIS STULBERG CHAIR 2.00 X X 0 0 0 JACK BUHSMER DIRECTOR 2.00 X 0 0 0 ROSE-ANNE FRANO DIRECTOR 2.00 X 0 0 0 SKIP SACK DIRECTOR 2.00 X 0 0 0 PETER KRETZMER DIRECTOR 2.00 X 0 0 0 JOSEPH MCKENNA PRESIDENT AND CEO - FWCS 2.00 X 0 256214 42869 0 256214 42869 0 0 1 0 ROBERT W BAIRD & CO 777 EAST WISCONSIN AVE MILWAUKEE WI 53202 INVESTMENT MANAGEMENT 100796 1 77500 77500 595499 595499 537476 637544 -100068 -100068 -100068 572931 0 0 495431 1300000 1300000 100795 100795 1400795 1300000 100795 0 277214 186902 12846 12846 31120328 32288993 31410388 32488741 0 0 X 31410388 32488741 31410388 32488741 31410388 32488741 -827864 1906217 0 X X 0 1 X 1 0 X X 1 FLORIDA WEST COAST SYMPHONY INC 592603081 7 1 1300000 0 1 1300000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31410388 77500 2401647 1300000 100794 32488741 36403151 455098 -3767880 1565000 114981 31410388 27581487 2274737 7759388 1100000 112461 36403151 27747249 9049 1274128 1359700 89239 27581487 26920067 1037768 1181063 1301233 90416 27747249 0.79130 0.20870 0 0 0 X 12654501 1906217 10276148 12182365 472136 100795 100795 572931 13722682 13722682 13722682 0 100795 1300000 1400795 1400795 PART V, LINE 4: FUNDS WILL BE USED BY THE ORCHESTRA AS DEFINED IN THE ENDOWMENT TRUST AGREEMENT. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED JULY 31, 2023, THE ORGANIZATION INCURRED NO INCOME TAX EXPENSE. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE ORGANIZATION RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES A 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX FOR THE ORCHESTRA AND THE TRUST AND A 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN TO THE U.S. FEDERAL GOVERNMENT AND AN F-1120 FLORIDA CORPORATE INCOME/FRANCHISE TAX RETURN TO THE STATE OF FLORIDA FOR THE ORCHESTRA. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS REVENUE ALLOCATED TO SARASOTA ORCHESTRA 59-2603081 10,276,148. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO SARASOTA ORCHESTRA 59-2603081 13,722,682. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER TO SARASOTA ORCHESTRA 59-2603081 1,300,000. 1 FLORIDA WEST COAST SYMPHONY INC 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 592603081 501(C)(3) 1300000 0 GENERAL 1 0 PART I, LINE 2: ORGANIZATION IS A SUPPORTING ORGANIZATION OF FLORIDA WEST COAST SYMPHONY. CONSOLIDATED AUDITED FINANCIAL STATEMENT ARE PREPARED AND ARE USED FOR MONITORING PURPOSES. 0 0 0 0 0 0 0 0 0 JOSEPH MCKENNA PRESIDENT AND CEO - FWCS 0 252614 0 0 0 3600 0 27117 0 15752 0 299083 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THERE WERE NO PAID OFFICERS, MANAGEMENT, KEY EMPLOYEES OR EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THEIR FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS THE ORGANIZATION USES TO REVIEW ITS AUDITED FINANCIAL STATEMENTS. FLORIDA WEST COAST SYMPHONY INC 709 NORTH TAMIAMI TRAIL SARASOTA FL 34236 592603081 PROMOTE CHAMBER MUSIC AND ORCHESTRAL MUSIC LOCALLY, STATEWIDE AND NATIONALLY FL 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0