2025-06-13T11:49:43+00:00 2024-07-31 350921680 CROWE LLP 5810 TENNYSON PARKWAY Suite 450 Plano TX 750244112 990 2023-08-01 620550979 Nashville Symphony Association NASH 6156876515 1 Symphony Place Nashville TN 37201 Alan Valentine President & CEO 6156876515 2025-06-13 true Amy Bellanca P01572961 2147775200 2025-06-13 2023 2025-03-06 01:10:19Z The Nashville Symphony Alan D Valentine 1 Symphony Place Nashville TN 37201 34970191 false X nashvillesymphony.org X 1946 TN The Nashville Symphony inspires and engages a diverse and growing community with extraordinary live orchestral music experiences. 50 47 519 150 0 0 11326273 16769735 8802712 10359822 660958 2745540 1212991 2170180 22002934 32045277 34675 40809 0 15460159 16731535 249840 202729 1979465 13395996 15696275 29140670 32671348 -7137736 -626071 89181075 89632869 26874854 28818084 62306221 60814785 The Nashville Symphony inspires and engages a diverse and growing community with extraordinary live orchestral music experiences. As Middle Tennessee continues to grow and transform, the Nashville Symphony will be a financially robust, leading orchestra fully supported and embraced by the community it serves and recognized by its peers for its innovation and excellence. Key to achieving this vision, the Nashville Symphony will: - Entertain and educate audiences with varied opportunities to engage with orchestral music. - Be recognized as a leading arts organization defined by performing an innovative and excellent portfolio distinguished by a commitment to American music, including underrepresented voices. - Strengthen diversified revenue streams in order to routinely deliver a balanced operating budget and meet goals for endowment contributions. - Build a diverse, welcoming, and effective organization that is a great place to work and is reflective of the Middle Tennessee community. false false 24847413 0 13763595 Artistic Programming : Led by Music Director Giancarlo Guerrero, the Nashville Symphony inspires and engages a diverse and growing community with extraordinary live orchestral music performances. With 83 full-time musicians performing more than 160 concerts annually, the Symphony presents a rich variety of programming, from classical masterworks to innovative collaborations. During the 2023/24 season, the Symphony celebrated the 100th anniversary of George Gershwin's Rhapsody in Blue through a multi-faceted artistic tribute. Performances ranged from Bela Fleck's banjo interpretation to Tony DeSare's jazz-infused rendition and Jean-Yves Thibaudet's virtuosic performance during the Classical Series. The celebration extended beyond the stage with doughjoe, the Symphony's inaugural Visual Artist-in-Residence, whose commissioned work, Rhapsody in BlueGreenFuchsia, bridged music and visual art in a stunning tribute to Gershwin. As one of the most prolific recording orchestras in the United States, the Nashville Symphony recorded four major works this season, including Chick Corea's Trombone Concerto, John Corigliano's Triathlon, and Antonio Estevez's Cantata Criolla featuring the Nashville Symphony Chorus. Other standout moments included the Symphony's first-ever Lunar New Year concert, which drew a full house, fostering new community connections and welcoming many first-time attendees. The season opened with a powerful performance of The Rite of Spring, showcasing the Orchestra's artistic depth. Additional collaborations featured world-class guest artists, such as Zuill Bailey, performing Shostakovich's Cello Concerto No. 1 alongside Beethoven's Symphony No. 8 and Symphony No. 4. Beyond classical programming, the Symphony hosted stellar performances by David Foster & Katharine McPhee, Boyz II Men, and the innovative immersive sound healing experience, The Reset. The Pops Series featured audience favorites, including Trisha Yearwood, Patti LaBelle, and Amos Lee. The season saw 20 sold-out concerts, including Yo-Yo Ma, Handel's Messiah, and the beloved Harry Potter and the Deathly Hallows: Part 2 in Concert. The Movies Series saw a return of fan-favorite Home Alone in Concert, plus mega movie hits, including E.T. The Extra-Terrestrial and Encanto. The Jazz Series captivated audiences with performances by Marcus Miller, The Duke Ellington Orchestra, and Esperanza Spalding. The Family Series continued to engage young audiences through interactive and imaginative performances, providing fun for the entire family. The season concluded with a powerful performance of Carl Orff's Carmina Burana, featuring the Nashville Symphony Chorus, delivering a triumphant finale to an extraordinary season. 2160645 40809 35302 Education & Community Engagement Programs: The Nashville Symphony remains committed to making music accessible to more than 555,000 people across Middle Tennessee annually. Through in-school visits, free community concerts, and music education programs, the Symphony inspires future generations of music lovers. 2023/24 Education Highlights: * Accelerando Program: Five graduating seniors earned $430,000 in scholarships to top conservatories and universities, including Colburn, Eastman, Yale, Vanderbilt, and New England Conservatory of Music. * Community Concerts: Free performances reached thousands of residents across Nashville, Antioch, Hendersonville, Lebanon, Lafayette, and Clarksville. * We Are Nashville Orchestra/Choral Festival: Engaged 350 Metro Public Schools students in an immersive music experience. * National Pathways Festival: Nashville Symphony hosted this annual program, which had 70 students, including six from the Accelerando program, perform side-by-side with the Nashville Symphony under the direction of Maestro Giancarlo Guerrero. Signature Education & Engagement Programs * Accelerando: A nationally recognized initiative supporting young musicians from diverse racial and ethnic backgrounds. * Ensembles in Schools: Symphony musicians bring live chamber performances into classrooms across Middle Tennessee to introduce students to live orchestral music. * Free Community Concerts: Brings orchestral music directly to local neighborhoods across Middle Tennessee. * MNPS String Residencies: Providing string sectional and side-by-side rehearsal experiences for Metro Nashville Public School students. * Masterclasses, Sectionals & Private Lessons: Providing invaluable resources, instruction, and performance coaching for aspiring musicians and small ensembles throughout Middle Tennessee. * Music in My Neighborhood: A week-long residency that brings free cultural events to a different neighborhood each year. During the 2023/24 season, the Symphony collaborated with North Nashville schools, libraries, and community spaces. * Open Dress Rehearsals: A behind-the-scenes look at Classical Series rehearsals to demystify the orchestral world. * Sensory-Friendly Events: Inclusive programming designed for audiences with autism and sensory sensitivities, featuring flexible accommodations, closed captioning, quiet spaces, trained staff, and additional resources. * STEAM Expeditions: Interactive programs blending music, science, and the physics of sound. * Storytime with the Nashville Symphony: Early learning interactive music programs to help children develop a love for reading and an early interest in music. * Young People's Concerts: Orchestral performances tailored for K-12 students, with curriculum-aligned lesson plans that meet statewide leadership objectives. Other free and low-cost Symphony programs, include: * Lifelong Listeners for seniors * Is it a Fiddle or Violin? - a collaboration with the Country Music Hall of Fame and Museum * $15 Student Tickets through our Soundcheck program Every concert, workshop, and outreach initiative strengthen the Symphony's mission to enrich lives through music and create lasting cultural connections. 27008058 true true false false false false false false true true true false false false true true false false false false false false true true false false true true true false false false false false false false false false false false false false true true true false false true 320 0 true 519 true false false false false false true true false false false false false false X 50 47 true false false false false false false true true false false false true true true true true true true false TN X X Karen Warren 6156876516 1 Symphony Place Nashville TN 37201 Alan D Valentine PRESIDENT & CEO 40.0 X X 381636 0 22180 Dr Mark D Peacock Vice Chair 1.0 X X 0 0 0 Mary Cavarra Board Chair 1.0 X X 0 0 0 Orrin Henry Ingram III Secretary 1.0 X X 0 0 0 Pamela L Carter Immediate Past Chair 1.0 X X 0 0 0 Teresa Mosley Sebastian Treasurer 1.0 X X 0 0 0 Anne Neff MD Director 1.0 X 0 0 0 Anthony Giarratana Director 1.0 X 0 0 0 Ben Folds Director 1.0 X 0 0 0 Betsy Wills Director 1.0 X 0 0 0 Carolyn S Wenzel Director 1.0 X 0 0 0 Christian Teather Director 1.0 X 0 0 0 Cynthia Clark Matthews Director 1.0 X 0 0 0 Dr Kenneth Sands Director 1.0 X 0 0 0 Emily Humphreys Director 1.0 X 0 0 0 Eric Cook Director 1.0 X 0 0 0 Fredrik Antoine Savage Director 1.0 X 0 0 0 Gail Carr Williams Director 1.0 X 0 0 0 George R Lee III Director 1.0 X 0 0 0 Grace Awh Director 1.0 X 0 0 0 Henry Ingram Director 1.0 X 0 0 0 James M Rooney Director 1.0 X 0 0 0 James Todd Director 1.0 X 0 0 0 Jeanie Rittenberry Director 1.0 X 0 0 0 Jeremie Papin Director 1.0 X 0 0 0 Joel Reist Director/Musician (See Schedule O) 40.0 X 84611 0 17845 John Huie Director 1.0 X 0 0 0 Jonathan McNabb Director 1.0 X 0 0 0 Karl Sprules Director 1.0 X 0 0 0 Lana Skelo Gardner Director 1.0 X 0 0 0 Laura Covington Kimbrell Director 1.0 X 0 0 0 Laura Ross Director/Musician (See Schedule O) 40.0 X 67631 0 13933 Marielena Ramos Director 1.0 X 0 0 0 Mark Lopez Director 1.0 X 0 0 0 Mark Tillinger Director 1.0 X 0 0 0 Michael Sposato Director 1.0 X 0 0 0 Michael W Hayes Director 1.0 X 0 0 0 Neil Krugman Director 1.0 X 0 0 0 Nick Deidiker Director 1.0 X 0 0 0 Peri Widener Director 1.0 X 0 0 0 Phylanice Nashe JD Director 1.0 X 0 0 0 Rhonda Mulroy Director 1.0 X 0 0 0 Richard L Miller Director 1.0 X 0 0 0 Sandra Lipman Director 1.0 X 0 0 0 Shirley Zeitlin Director 1.0 X 0 0 0 Starling Davis Clark Director 1.0 X 0 0 0 Travis Vincent Dunn Director 1.0 X 0 0 0 Vanessa Jackson Director/Chorus President 1.0 X 0 0 0 Vicki Horne Director 1.0 X 0 0 0 Victoria Pao Director 1.0 X 0 0 0 Winston Justice Director 1.0 X 0 0 0 Yuri Cunza Director 1.0 X 0 0 0 Jenneen Reed CFO (Begin 11/20/2023) 40.0 X 34579 0 0 Melinda Phillips CDO (Begin 12/1/2023) 40.0 X 16667 0 0 Tonya Robles COO (Through 12/31/2023) 40.0 X 232358 0 1038 Giancarlo Guerrero Conductor/Music Director 40.0 X 568706 0 34233 Dan Grossman VP OF MARKETING 40.0 X 190403 0 37019 Enrico Lopez-Yanez PRINCIPAL POPS CONDUCTOR 40.0 X 146298 0 11895 Eric Swartz VP OF VENUE MANAGEMENT 40.0 X 122437 0 5063 Erik Gratton Musician 40.0 X 120441 0 13931 Erin Hall Musician 40.0 X 137224 0 14402 2102991 0 171539 14 false true false COMMUNITY COUNSELING SERVICE PO BOX 824885 PHILADELPHIA PA 191824885 CAMPAIGN CONSULTING 513990 Elite Security Professionals 301 S Perimeter Park Dr Ste 100 Office 33 NASHVILLE TN 37211 Security Service 365440 ProImage Facility Services LLC 761 Old Hickory Blvd Ste 102 Brentwood TN 37027 janitorial/housekeeping service 286681 BENNETT DIRECT PO BOX 0015 MILWAUKEE WI 532010015 PROFESSIONAL TELEFUNDING 250598 Meleco LLC 937 Tahoe Blvd Ste 200 Incline Village NV 89451 Artist Agency 232500 18 9800 1451309 740832 14567794 16769735 Ticket Sales 711190 9870883 9870883 Orchestra fees 711190 488939 488939 0 0 0 0 10359822 574145 574145 1239575 1949541 -709966 0 -709966 -709966 2171395 2171395 0 2171395 2171395 103110 1451309 662039 -558929 -558929 2030047 313334 1716713 1716713 TICKET HANDLING CHARGES/FACILITY FEES 711190 1638491 1638491 SERVICE CHARGES 900099 60327 60327 ARTIST MERCH COMMISSIONS 711190 23544 23544 0 0 0 0 1722362 32045277 13798897 0 1476645 X 33309 33309 7500 7500 1963018 1095151 867867 12378181 11165568 394664 817949 614101 602091 7458 4552 784779 662926 75667 46186 991456 845940 84417 61099 57608 57608 125266 125266 202729 202729 100404 100404 7388379 6695393 148392 544594 1081427 1081427 275866 99704 89729 86433 228636 228636 276136 276136 51350 21706 29644 46888 12381 30828 3679 455065 455065 1838710 1393701 445009 409315 146437 262878 INSTRUMENT RENTAL & REPAIR 613291 613291 CONCERT PRODUCTION 507823 507823 BANK CHARGES 466992 466478 514 MUSIC PURCHASE & RENTAL 314562 314562 1458557 977947 298524 182086 32671348 27008058 3683825 1979465 880639 391612 6627752 2925249 2472059 5284922 514866 448136 0 0 0 0 52665 30633 424257 567955 148756433 85158475 65541590 63597958 3059584 5898772 9607663 10487632 0 0 0 89181075 89632869 2113789 3895296 4761065 4922788 20000000 0 20000000 0 0 26874854 28818084 X 55031878 46312327 7274343 14502458 62306221 60814785 89181075 89632869 X -626071 -857135 -8230 X false true X true true true X 9367661 10262146 18577502 11325473 16769735 66302517 7800993 30541 9385504 11031652 13564126 41812816 0 0 0 17168654 10292687 27963006 22357125 30333861 108115333 806113 536707 524576 918933 804527 3590856 0 0 0 0 0 0 806113 536707 524576 918933 804527 3590856 104524477 1535966 372021 314627 574017 2361825 5158456 0 0 0 0 0 0 1535966 372021 314627 574017 2361825 5158456 0 0 0 0 0 0 72330 2912945 2130699 107872 103110 5326956 18776950 13577653 30408332 23039014 32798796 118600745 0.8813 0.8793 0.04 0.04 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 65830.0, COLUMN B - 32425.0, COLUMN C - 130699.0, COLUMN D - 107872.0, COLUMN E - 103110.0, COLUMN F - 439936.0; DESCRIPTION - INSURANCE PROCEEDS, COLUMN A - 6500.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 6500.0; DESCRIPTION - GAIN ON EXTINGUISHMENT OF DEBT, COLUMN A - 0.0, COLUMN B - 2880520.0, COLUMN C - 2000000.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 4880520.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11629475 2979138 1542886 574307 88609 15488583 10741117 573812 759129 413983 30600 11629475 12456671 139200 -1326619 412001 116134 10741117 10291899 371229 2466108 0 528011 144554 12456671 10787087 53499 63949 0 534221 78415 10291899 0.6771 0.3229 0.0 false true true 3500000 3500000 133042453 77979788 55062665 9039126 7178687 1860439 3174854 3174854 63597958 Beneficial Interest in Trust 10487632 F 10487632 0 X 33622291 -857135 271678 0 -585457 34207748 100404 -2262875 -2162471 32045277 35113727 271678 2271105 2542783 32570944 100404 0 100404 32671348 Schedule D, Part V, Line 4 Intended uses of endowment funds The investment funds are used for mission related activities. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH APPLICABLE GUIDANCE, THE ASSOCIATION WILL RECOGNIZE A TAX BENEFIT ONLY IF IT IS MORE-LIKELY-THAN-NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. AS OF JULY 31, 2024 AND 2023, MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. THE ASSOCIATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE ASSOCIATION DID NOT RECOGNIZE OR ACCRUE ANY INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS OF JULY 31, 2024 AND 2023, AND FOR THE YEARS THEN ENDED. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Cost of Goods Sold - -368733 Rental Expenses - -1894142 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Cost of goods Sold - 368733 UNCOLLECTIBLE PLEDGES - 8230 Rental Expenses - 1894142 X X X X X X X true Bennett Direct PO BOX 0015 Milwaukee WI 53201 TELEFUNDING false 443509 202729 240780 443509 202729 240780 TN Symphony Ball 773210 720600 52610 48577 84008 37080 149111 Fashion Show 670554 635664 34890 139825 66657 18002 87248 1 110655 95045 15610 4759 3445 14812 8515 1554419 1451309 103110 193161 154110 69894 244874 662039 -558929 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. BENNETT DIRECT-FUNDS RAISED BY TELEFUNDING COMPANY ARE PROCESSED BY THE REPORTING ORGANIZATION; DONATED FUNDS ARE NEVER IN POSSESSION OF THE TELEFUNDING FIRM. TELEFUNDING FIRM RECEIVES PAYMENT FOR ITS SERVICES VIA DIRECT INVOICE TO ORGANIZATION.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses BENNETT DIRECT-CONTRACT PROVIDES FOR AN ANNUAL FEE PLUS HOURLY WAGES. ADDITIONALLY, CERTAIN EXPENSES, SUCH AS PRINTING, SUPPLIES, AND POSTAGE ARE REIMBURSED. IN FISCAL YEAR 2024, FEES TOTALED $202,729.; true BLAIR SCHOOL OF MUSIC - VANDERBILT UNIVERSITY 2400 BLAKEMORE AVE NASHVILLE TN 37212 620476822 501(C)(3) 30000 TO SPONSOR THE CURB YOUTH SYMPHONY 1 0 SCHOLARSHIPS 3 7500 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grantee organizations are 501(c)(3) organizations. The Symphony has ongoing relationships with the grantee organizations and is able to observe the use of the granted funds. X X X false false false false false false false true false Alan D Valentine PRESIDENT & CEO 375036 0 0 0 6600 0 7698 0 14482 0 403816 0 0 0 Tonya Robles COO (Through 12/31/2023) 200858 0 30000 0 1500 0 896 0 142 0 233396 0 0 0 Giancarlo Guerrero Conductor/Music Director 518706 0 50000 0 0 0 9635 0 24598 0 602939 0 0 0 Enrico Lopez-Yanez PRINCIPAL POPS CONDUCTOR 146298 0 0 0 0 0 4773 0 7122 0 158193 0 0 0 Erin Hall Musician 137224 0 0 0 0 0 8104 0 6298 0 151626 0 0 0 Dan Grossman VP OF MARKETING 190403 0 0 0 0 0 3634 0 33385 0 227422 0 0 0 Schedule J, Part I, Line 7 Non-fixed payments The VP of marketing receives a non fixed commission payment that is based upon meeting and exceeding ticket sales goals. Form 990, Part VI, Line 1a Delegate broad authority to a committee ARTICLE 4 (of Bylaws) EXECUTIVE COMMITTEE 4.1 Delegation of Power to Executive Committee. (a) The Executive Committee shall manage the business and affairs of the Association except as otherwise limited by these Bylaws, the Charter or the Act. The Executive Committee may advise the Board on all matters and shall report to the Board on all decisions made or actions taken by it which the Executive Committee or the Chair reasonably determine to be major decisions or actions. The Executive Committee shall be assisted by such administrative staff as the Chair or the President and CEO may determine. Except as otherwise provided in this Article, the provisions of Article 5 shall apply to the Executive Committee. (b) The Executive Committee shall have the power and authority (i) to appoint, negotiate and approve the terms of employment of, and evaluate the performance of the President and CEO and the Music Director and Conductor; (ii) approve agreements with the Musicians (with any member who is an Orchestra Member being excluded, except by invitation of the Chair); (iii) monitor compliance with the budget; (iv) establish and implement operating policies and procedures; (v) supervise the operations and functions of the other committees and receive reports from these committees on request or as required by these Bylaws; (vi) approve the creation of committees of the Board other than the committees created by these Bylaws and the appointment or removal of members of all committees and (vii) approve a sale, lease or pledge of less than all or substantially all of the assets of the Association. The Executive Committee shall have no power to amend any resolution of the Board or the budget. During discussions of salary, any collective bargaining negotiations, or other matters involving individual employees, the Executive Committee may exclude Association employees. 4.2 Number, Election and Term. (a) The Executive Committee shall have at least thirteen (13) and no more than twenty-four (24) members, all of whom shall be directors. The Executive Committee shall be comprised of the elected officers of the Association; the President and CEO; the required Orchestra Member; the chairs of the Associate Board, the Governing Members and the Board Advisory Council; the chair of the Annual Campaign, the chair of any capital campaign underway and the chairs of the following committees: Artistic Planning and Community Engagement, Governance, Strategic Planning, Marketing, Development, External Affairs, Equity, Diversity, Inclusion and Belonging (EDIB) and the Schermerhorn Symphony Center Committee. Subject to the limit on total members, other directors may be nominated by the Governance Committee and elected by the Board. Each member shall consent to serve prior to his or her nomination by the Governance Committee. (b) The elected members of the committee will be elected for minimum two-year terms, and members shall serve until their successors are elected or appointed and qualified. The terms for the members of the committee serving by virtue of serving as chair of a committee shall coincide with the term of the Board Chair. (c) The members shall serve at the pleasure of the Executive Committee and the Board, and the Executive Committee or Board may remove any elected member at any time, with or without cause. 4.3 Meetings. Regular meetings of the Executive Committee shall be held every other month unless otherwise determined by the Chair. Special meetings may be called at any time by an officer or any five (5) members of the Executive Committee. 4.4 Telephonic Meetings. The Executive Committee may permit any of its members to participate in any meeting by, or conduct the meeting through the use of, any means of communication by which all members participating may simultaneously hear each other during the meeting. 4.5 Quorum and Voting. At all meetings of the Executive Committee, the presence of a majority of the voting members shall constitute a quorum. Each member shall have one vote on all matters properly coming before the meeting. If a quorum is present when a vote is taken, the affirmative vote of a majority of members present is an act of the committee unless the Act, the Charter or these Bylaws require the vote of a greater number. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Orrin Henry Ingram, III, Henry Ingram, and Martha R. Ingram - Family relationship, Mary Cavarra and Martha R. Ingram - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by the organization's public accounting firm; a draft is reviewed by the controller, the CFO, the Board Treasurer, and Audit Committee Chair or other designated audit committee member. A full copy of the 990, including supplemental schedules, is provided to the full governing body after filing. Form 990, Part VI, Line 12c Conflict of interest policy 2.8 Conflict of Interest. (from Bylaws of Organization) (a) The President and CEO shall be responsible for maintaining a written conflict of interest policy for the Association approved by the Board of Directors. This policy shall address conflict of interest related to any director, officer, committee member, or administrative staff member of the Association. (b) Generally speaking, for directors, a conflict of interest is a situation in which a director or one of his or her family members has a direct or indirect personal or financial interest that compromises or could compromise the director's independence of judgment in exercising his or her responsibilities to the Association. When any conflict of interest relates to a matter requiring action by the Board of Directors or any Committee, the interested person shall call it to the attention of the Board of Directors or the Committee before which the matter is pending, as applicable. Any other Board or Committee member may call the matter to the attention of the Board or Committee, as applicable. The interested person shall not deliberate or vote on the matter; provided, however, that any director disclosing a conflict of interest may be counted in determining the presence of a quorum at a meeting of the Board of Directors or the Executive Committee. (c) Unless requested to remain present during the meeting, the interested person shall retire from the room in which the Board of Directors or Executive Committee is meeting, and shall not participate in the final deliberation or decision regarding the matter under consideration. However, the interested person shall provide the Board or Committee, as applicable with any and all relevant information. (d) The minutes of the meeting of the Board or any Committee, as applicable, shall reflect that the conflict of interest was disclosed, that the interested person did not participate in the final discussion or vote and did not vote, and the rationale for approving the action. Form 990, Part VI, Line 15a Process to establish compensation of top management official TYPICALLY, THE ORGANIZATION UTILIZES SURVEYS AND RESEARCH OF LOCAL, REGIONAL AND NATIONAL ORGANIZATIONS OF SIMILAR SIZE AND MAKEUP TO ACCUMULATE FAIR AND REASONABLE COMPENSATION DATA FOR OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS FOR THE COMPENSATION COMMITTEE (EXECUTIVE COMMITTEE) TO REVIEW. THIS WAS LAST COMPLETED DURING JULY OF 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees ALL OFFICERS AND KEY EMPLOYEES INCLUDED IN THE COMPENSATION REVIEW WERE AS FOLLOWS: MUSIC DIRECTOR, PRESIDENT & CEO, CFO, COO, AND CONCERTMASTER. THIS PROCESS OCCURS ANNUALLY, PER THE FISCAL YEAR. THIS WAS LAST COMPLETED DURING JULY OF 2024. Form 990, Part VI, Line 18 How forms are made available to the public The Form 990 is available on the organization's website. The Form 990 and Form 1023 are available for public inspection upon request. Form 990, Part VI, Line 19 Required documents available to the public Governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104 and are not available to the public at this time. The Nashville Symphony does, however, make its annual financial audit & the 990 available on its own website. Form 990, Part VII, Section A COMPENSATION OF DIRECTORS FIVE BOARD MEMBERS SERVED AS EMPLOYED MUSICIANS OF THE NASHVILLE SYMPHONY ORCHESTRA DURING FY23 AND RECEIVED COMPENSATION IN THEIR CAPACITY AS MUSICIANS OF THE ORCHESTRA. NONE OF THE LISTED COMPENSATION AT PART VII, SECTION A IS FOR THEIR ROLES AS BOARD MEMBERS. THESE INDIVIDUALS ARE LISTED BELOW: GERALD GREER JOEL REIST LOUISE MORRISON JOHNA SMITH LAURA ROSS Form 990, Part IX, Line 11g Other Fees CONTRACT SERVICES - Total Expense: 236905, Program Service Expense: 236905, Management and General Expenses: , Fundraising Expenses: ; TELEMARKETING - Total Expense: 31956, Program Service Expense: 31956, Management and General Expenses: , Fundraising Expenses: ; CONSULTING & RECRUITING FEES - Total Expense: 98438, Program Service Expense: , Management and General Expenses: 98438, Fundraising Expenses: ; OTHER PROFESSIONAL FEES - Total Expense: 594548, Program Service Expense: , Management and General Expenses: 49954, Fundraising Expenses: 544594; GUEST ARTIST FEES - Total Expense: 5400820, Program Service Expense: 5400820, Management and General Expenses: , Fundraising Expenses: ; HOUSEKEEPING & JANITORIAL SERVICES - Total Expense: 403759, Program Service Expense: 403759, Management and General Expenses: , Fundraising Expenses: ; SECURITY FEES - Total Expense: 330245, Program Service Expense: 330245, Management and General Expenses: , Fundraising Expenses: ; MARKETING FEES - Total Expense: 291708, Program Service Expense: 291708, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Uncollectible Pledge Allowance - -8230; NASHVILLE SYMPHONY ENDOWMENT TRUST CUMBERLAND TRUST 40 BURTON HILLS BLVD STE 300 NASHVILLE TN 37215 620550979 INVESTMENTS TN NASHVILLE SYMPHONY ASSOCIATION Trust true false false false false false false false false false false false false false false false false false true true Nashville Symphony Endowment Trust S 578134 Cash Nashville Symphony Endowment Trust R 2708510 Cash