2024-04-10T09:24:43-05:00 2023-06-30 420714325 RSM US LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2022-07-01 581495066 NORTH CAROLINA SYMPHONY FOUNDATION NORT 9197332750 3700 GLENWOOD AVE 130 RALEIGH NC 27612 SANDI MA MACDONALD PRESIDENT & CEO 9197332750 2024-04-08 1 SANDI MA MACDONALD 999009999 0 JULIA FLANNERY P00928918 4102469300 2024-04-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SANDI MA MACDONALD 3700 GLENWOOD AVE 130 RALEIGH NC 27612 8645911 0 X WWW.NCSYMPHONY.ORG X 1982 NC TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT. 15 15 0 15 0 0 358846 3291380 0 0 1272864 131589 0 0 1631710 3422969 875781 952896 0 0 0 0 0 0 0 46785 49488 922566 1002384 709144 2420585 16993158 20864565 117824 5250 16875334 20859315 TO RECEIVE AND HOLD THE ENDOWMENT OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO THE ENDOWMENT, SAFEGUARD ASSETS, AND EXPEND FUNDS FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY. 0 0 952896 952896 PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO ITS ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH THE PRUDENT INVESTMENT OF ENDOWMENT FUNDS, AND EXPEND INCOME AND CAPITAL FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY. 952896 1 1 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 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 15 15 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X ROBERT SCHILLER SENIOR VICE PRESIDENT & CFO 9197332750 3700 GLENWOOD AVE 130 RALEIGH NC 27612 MR CHIP ANDERSON PRESIDENT 5.00 1.00 X X 0 0 0 MR LARRY WILSON PAST PRESIDENT 3.00 X X 0 0 0 MS DIANNE C SELLERS SECRETARY 3.00 X X 0 0 0 COL MATT SEGAL TREASURER 3.00 X X 0 0 0 MS CATHARINE BIGGS ARROWOOD MEMBER 1.00 X 0 0 0 MR JOE BASTIAN MEMBER 1.00 5.00 X 0 0 0 MR RICHARD L DAUGHERTY DICK MEMBER 1.00 1.00 X 0 0 0 DR WARNER L HALL MEMBER 1.00 X 0 0 0 DR WM CHARLES HELTON MEMBER 1.00 3.00 X 0 0 0 MR WILLIAM LEE HODGES MEMBER 1.00 X 0 0 0 MR D S STEVE HODGES MEMBER 1.00 X 0 0 0 DR TED R KUNSTLING MEMBER 1.00 X 0 0 0 DR EMILY MANN PECK MEMBER 1.00 X 0 0 0 MR THOMAS H ROBERG MEMBER 1.00 X 0 0 0 DR SHALER STIDHAM JR MEMBER 1.00 X 0 0 0 SANDI MA MACDONALD PRESIDENT & CEO 5.00 55.00 X 0 357244 31207 ROBERT SCHILLER SR. VP FINANCE & CFO 5.00 55.00 X 0 177636 7125 0 534880 38332 0 0 1 0 0 3291380 945073 3291380 405890 405890 4948641 5222942 -274301 -274301 -274301 3422969 0 0 131589 952896 952896 2000 2000 20510 20510 20929 20929 LOSS ON STOCK TRANSFER 6049 6049 1002384 952896 49488 0 129002 16630 105559 45701 15434560 19653377 1324037 1148857 16993158 20864565 117824 5250 117824 5250 X 255638 1325482 16619696 19533833 16875334 20859315 16993158 20864565 X 2420585 1560744 2652 X 0 1 X 1 0 X X X 1 NORTH CAROLINA SYMPHONY SOCIETY INC 560556755 7 1 952896 0 1 952896 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 0 350000 X 0 15427320 3507549 1692332 952896 20929 19653376 17937636 770971 -2383091 875780 22416 15427320 14231091 732374 3856150 860233 21746 17937636 13935297 523268 676094 883592 19976 14231091 13741381 364109 848694 998069 20816 13935299 0.06500 0.90000 0.03500 0 1 1 0 SPLIT INTEREST AGREEMENTS & BENE INTEREST IN PERP TRUSTS 543139 CASH VALUE OF LIFE INSURANCE 255718 HISTORICAL TREASURES 350000 1148857 INTERCOMPANY PAYABLE 5250 5250 X 4965436 1560744 2652 1563396 3402040 20929 20929 3422969 981455 0 981455 20929 20929 1002384 PART III, LINE 4: THIS HISTORICAL INSTRUMENT DATES BACK TO 1823 AND IS MADE OF SPRUCE AND MAPLE VARNISHED IN GOLD-RED BROWN. IT BEARS THE LABEL "NICOLAS LUPOT LUTHIER RUE CROIX/DES PETITS CHAMPS, A PARIS, L'AN 1823". PER THE DONOR'S WRITTEN REQUEST, THE FOUNDATION WILL MAKE THE VIOLIN AVAILABLE TO VIOLINISTS OF THE NORTH CAROLINA SYMPHONY FOR INDOOR SELECT PERFORMANCES. PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUNDS IS TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY. THE ENDOWMENT FUNDS OF BOTH THE NORTH CAROLINA SYMPHONY SOCIETY INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE MANAGED BY AN INVESTMENT COMMITTEE, COMPRISED OF MEMBERS OF BOTH ORGANIZATIONS' BOARDS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE SYMPHONY'S TAX POSITIONS AND CONCLUDED THAT THE SYMPHONY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ASC. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEEMENTS 2,652. 1 NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE SUITE 130 RALEIGH NC 27612 560556755 501(C)(3) 0 952896 TO SUPPORT STATEWIDE SERVICE AND MUSIC EDUCATION 1 0 PART I, LINE 2: ALL DRAWS FROM THE FOUNDATION ENDOWMENT FUND ARE MADE IN CONJUNCTION WITH THE NORTH CAROLINA SYMPHONY FOUNDATION'S INVESTMENT POLICY STATEMENT (IPS). THE SPENDING POLICY FOR THE ENDOWMENT FUNDS IS 4.5% OF A 12-QUARTER TRAILING AVERAGE. THE IPS IS MANAGED AND MONITORED BY THE SYMPHONY'S INVESTMENT COMMITTEE. 0 0 0 0 0 0 0 0 0 SANDI MA MACDONALD PRESIDENT & CEO 0 278415 0 78750 0 79 0 5645 0 25562 0 388451 0 0 ROBERT SCHILLER SR. VP FINANCE & CFO 0 177584 0 0 0 52 0 3609 0 3516 0 184761 0 0 PART I, LINE 3 THE FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY NORTH CAROLINA SYMPHONY SOCIETY, INC., THE ORGANIZATION'S RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE SYMPHONY SOCIETY. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY NORTH CAROLINA SYMPHONY SOCIETY, INC.: INDUSTRY SALARY SURVEYS ARE USED TO DETERMINE SALARIES, AND COMPENSATION WAS ESTABLISHED BY AN INDEPENDENT CONSULTANT. CEO AND MUSIC DIRECTOR SALARIES ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD. THE COMPENSATION ARRANGEMENT IS DOCUMENTED WHEN DECIDED BY THE BOARD OF TRUSTEES. X 5 945073 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES ARE APPOINTED BY THE BOARD OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC., THE FILING ORGANIZATION'S RELATED, SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND THE FULL BOARD REVIEW THE ENTIRE FORM 990. SCHEDULE B IS REDACTED SINCE SOME DONORS REQUEST TO REMAIN ANONYMOUS. FORM 990, PART VI, SECTION B, LINE 12C THE NORTH CAROLINA SYMPHONY REQUIRES ALL TRUSTEES AND EMPLOYEES TO CONFIRM COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY UPON JOINING AND REGULARLY AFTERWARDS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENTS 2,652. NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE STE 130 RALEIGH NC 27612 560556755 STATEWIDE SERVICE AND MUSIC EDUCATION NC 501(C)(3) LINE 7 N/A 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0