2024-05-14T08:48:07-05:00 2023-06-30 540737372 PBMARES LLP 150 BOUSH STREET SUITE 400 NORFOLK VA 23510 990 2022-07-01 521597415 VIRGINIA SYMPHONY FOUNDATION VIRG 7574663060 150 BOUSH STREET 201 NORFOLK VA 23510 ANDREA WARREN EXECUTIVE DIRECTOR 7574663060 2023-12-07 1 ANDREA WARREN 999009999 0 EDWARD T YODER CPA P00239134 7576274644 2023-12-07 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREA WARREN 150 BOUSH STREET 201 NORFOLK VA 23510 3500847 0 X VIRGINIASYMPHONY.ORG X 1988 VA TO RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTRATE AND APPLY SUCH FUNDS IN SUPPORT OF THE VIRGINIA SYMPHONY ORCHESTRA WHICH IS A LEADING CULTURAL ASSET CONNECTING EVERYONE IN HAMPTON ROADS THROUGH THE TRANSFORMATIVE POWER OF EXCEPTIONAL MUSICAL PERFORMANCES AND EDUCATIONAL ACTIVITIES. 9 9 0 9 0 0 1701343 1381686 0 0 216062 -23241 0 0 1917405 1358445 249133 308313 0 0 0 0 0 0 0 57083 57741 306216 366054 1611189 992391 7875824 9902382 3347 5054 7872477 9897328 X PROVIDE FINANCIAL SUPPORT TO VIRGINIA SYMPHONY ORCHESTRA BY ADMINISTERING FUNDS AND PROPERTY, ENGAGING IN OTHER ACTIVITIES AS QUALIFY FOR AN EXEMPT ORGANIZATION, SOLICIT AND RECEIVE FUNDS AND PROPERTY BY GIFT, TRANSFER, DEVISE OR BEQUEST AND ADMINISTERING AND APPLYING SUCH FUNDS AND PROPERTY ONLY IN FURTHERANCE OF THESE PURPOSES.THE FOUNDATION ALSO RECEIVES RESTRICTED GIFTS WHOSE INVESTMENT INCOME IS DISTRIBUTED TO THE SYMPHONY ANNUALLY FOR CERTAIN PROGRAMMING ACTIVITIES INCLUDING FAMILY CONCERTS, EDUCATION, MASTER CLASSES, PROGRAMMING AND OUTREACH IN THE SUFFOLK AREA AND TO UNDERWRITE GUEST ARTISTS. 0 0 308313 308313 FINANCIAL SUPPORT FOR VIRGINIA SYMPHONY ORCHESTRA. 308313 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X CHIEF FINANCIAL OFFICER 7574663060 150 BOUSH STREET SUITE 201 NORFOLK VA 23510 BETTE MINETTE COOPER SECRETARY 1.00 1.00 X X 0 0 0 WINTHROP SHORT JR PRESIDENT 1.00 0.00 X X 0 0 0 BOB PETTERSON TREASURER 1.00 1.00 X X 0 0 0 JANE SHORT DIRECTOR 1.00 0.00 X 0 0 0 STEVE WINTER DIRECTOR 1.00 0.00 X 0 0 0 PATRICK MCDERMOTT DIRECTOR 1.00 1.00 X 0 0 0 HOWARD KERN DIRECTOR 1.00 1.00 X 0 0 0 CHRIS JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL MCCLELLAN DIRECTOR 1.00 1.00 X 0 0 0 ANDREA WARREN EXECUTIVE DIRECTOR (EFFECTIVE 12.1.22) 1.00 40.00 X 0 13750 34 TERESA KRAUS CFO 1.00 40.00 X 0 99789 24453 MONICA MEYER BEALE INTERIM EXECUTIVE DIRECTOR/CRO (TO 2.1.23) 1.00 40.00 X 0 102246 16947 KAREN PHILION EXECUTIVE DIRECTOR (UNTIL 06.30.22) 1.00 40.00 X 0 89128 7005 0 304913 48439 0 0 0 0 0 1381686 1381686 222205 222205 1896956 2142402 -245446 -245446 -245446 1358445 0 0 -23241 308313 308313 15059 15059 42156 42156 26 26 500 500 366054 308313 57741 0 93653 20000 500 500 7781671 9881882 7875824 9902382 3347 5054 3347 5054 X 3612329 5161562 4260148 4735766 7872477 9897328 7875824 9902382 992391 1032460 0 X X 0 1 X 1 0 X X 1 VIRGINIA SYMPHONY ORCHESTRA 546000598 10 1 308313 0 1 308313 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 7790800 1446211 1009218 322190 42157 9881882 7394927 1746175 -1061810 249133 39359 7790800 4677844 1546102 1410090 201133 37976 7394927 4677890 59885 184590 206886 37635 4677844 4295687 442800 196498 220842 36253 4677890 0.52279 0.47721 0 0 0 X 2390905 1032460 1032460 1358445 0 1358445 366055 0 366055 -1 -1 366054 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE FINANCIAL SUPPORT TO VIRGINIA SYMPHONY ORCHESTRA. PART X, LINE 2: THE SYMPHONY AND THE FOUNDATION QUALIFY AS NONPROFIT ENTITIES AS DEFINED IN SECTION 501(C)(3) OF THE IRC AND ARE THEREFORE EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT ON NET INCOME, IF ANY, GENERATED FROM UNRELATED BUSINESS TAXABLE INCOME. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX PROVISIONS AS OF JUNE 30, 2022 AND 2021. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -1. 1 VIRGINIA SYMPHONY ORCHESTRA 150 BOUSH STREET SUITE 201 NORFOLK VA 23510 546000598 501(C)(3) 308313 0 OPERATING SUPPORT PART I, LINE 2: THE VIRGINIA SYMPHONY FOUNDATION (VSF) PROVIDES GENERAL OPERATING SUPPORT TO THE VIRGINIA SYMPHONY ORCHESTRA (VSO). VSO FINANCIAL STATEMENTS, INCLUDING A STATEMENT OF ACTIVITIES, IS PRESENTED AT EVERY VSF BOARD OF DIRECTOR'S MEETING AND REVIEWED BY VSO'S CHIEF FINANCIAL OFFICER. THESE STATEMENTS SHOW BOTH REVENUES AND USE OF FUNDS (EXPENSES). FORM 990, PART V, Q 1C QUESTION 1C DOES NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT HAVE BACKUP WITHHOLDING FOR REPORTABLE PAYMENTS TO VENDORS. FORM 990, PART V, Q 7G AND 7H QUESTIONS 7G AND 7H DO NOT APPLY TO THE ORGANIZATION BECAUSE THE ORGANIZATION DID NOT HAVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY OR CONTRIBUTIONS OF CARS, BOATS, AIRPLANES OR OTHER VEHICLES DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 2 WINTHROP SHORT, JR. AND JANE SHORT ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS ONE CLASS OF MEMBERS AND ONE MEMBER IN THAT CLASS, VIRGINIA SYMPHONY ORCHESTRA. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12 BOARD MEMBERS ARE ASKED TO REVEAL ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DID NOT COMPENSATE ANY EMPLOYEES. ALL TOP MANAGEMENT ARE COMPENSATED THROUGH VIRGINIA SYMPHONY ORCHESTRA. THE VSO BOARD REVIEWS AND APPROVES COMPENSATION FOR TOP MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 OUR ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST. IN ADDITION, THE 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. VIRGINIA SYMPHONY ORCHESTRA (VSO) 150 BOUSH STREET SUITE 201 NORFOLK VA 23510 546000598 VSO CONNECTS AUDIENCES OF ALL AGES THROUGH MUSICAL PERFORMANCES & EDUCATION VA 501(C)(3) 501(A)(2) N/A 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 VIRGINIA SYMPHONY ORCHESTRA B 308313 CASH VIRGINIA SYMPHONY ORCHESTRA C 1381351 CASH