2025-05-15T11:41:50-05:00 2024-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-07-01 910730435 Spokane Symphony Society SPOK 5093263136 818 W Riverside Mezzanine Spokane WA 99201 Russ Lee Executive Director 5093263136 2025-05-14 1 1 Deb Nelson CPA P01264758 6122536500 2025-05-13 2023 2025-03-06 01:10:19Z Russ Lee 818 W Riverside Mezzanine Spokane WA 99201 6977406 0 X www.spokanesymphony.org X 1945 WA To enrich and transform lives through music. 20 20 269 100 0 0 3580388 2431228 4061744 5047765 238 97841 -435037 -599428 7207333 6977406 0 0 0 0 3793805 3733529 0 0 290807 2657480 3387860 6451285 7121389 756048 -143983 25843715 24848464 6668365 5817097 19175350 19031367 The Spokane Symphony is dedicated to providing high quality, professional orchestral performances and education to the Inland Northwest for the purpose of enriching and transforming lives through music and owns and operates the historic Fox Theater. 0 0 5750510 4448337 The Spokane Symphony Society presents 60 concerts and over 500 education events annually plus operates a historic theater which, brings touring groups and provides space for concerts, educational and community events by other area organizations. Total reach of the Symphony and the Fox is approximately 150,000 people annually. 5750510 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 18 0 1 269 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 0 0 X Weiling Zhu 5094647055 818 W Riverside Mezzanine Spokane WA 99201 Arsen Kitch Chair of the Board 1.00 X X 0 0 0 Dr Vange Hochheimer Vice Chair for Finance and Audit 0.50 X X 0 0 0 Dr Francisco Velazquez Director 0.50 X 0 0 0 Michael Ebinger Director 0.50 X 0 0 0 Sara Maleki Director 0.50 X 0 0 0 Mary Ruth Carleton Director 0.50 X 0 0 0 Bruce Colquhoun Director 0.50 X 0 0 0 Carolyn Kadyk Director 0.50 X 0 0 0 Russ Lee Director 0.50 X 0 0 0 Janet Lambarth Director 0.50 X 0 0 0 Sybil MacDonald Director 0.50 X 0 0 0 Michael Sharapata Director 0.50 X 0 0 0 Dr Debbie Maurus Director 0.50 X 0 0 0 Carol Nelson Director 0.50 X 0 0 0 Keith Slater Director 0.50 X 0 0 0 Ann Fennessy Director 0.50 X 0 0 0 Vernice Cohen Director 0.50 X 0 0 0 Brad Stark Director 0.50 X 0 0 0 Anna Torma Director 0.50 X 0 0 0 Elizabeth Raol Director 0.50 X 0 0 0 Jeff Vom Saal President, Executive Director 40.00 X 144848 0 11035 Weiling Zhu Treasurer, CFO 40.00 X 127228 0 10593 Daniel Cotter Secretary, Operations Manager 40.00 X 117089 0 30503 James Lowe Music Director 40.00 X 125083 0 0 514248 0 52131 4 0 1 0 0 75000 2356228 2431228 Performance Revenue 711130 4492954 4492954 Event Income 711130 281502 281502 Historic Preservation Fees 711130 273309 273309 5047765 97841 97841 Loss from Subsidiaries 900099 -599428 -599428 -599428 6977406 4448337 0 97841 X 291257 159398 78745 53114 2742412 2558919 177989 5504 95651 58259 37376 16 249263 150808 95546 2909 354946 313827 34838 6281 65396 65396 1432038 1314538 117500 471517 471517 218687 34553 170510 13624 107467 31283 76184 180790 6313 174477 104264 100758 1502 2004 14573 13876 697 57235 57235 80848 5630 75218 Food, Beverage, and Pro 154969 154969 Concert and Show Produc 152971 152971 Theater Production 152967 152967 Repairs & Maintenance 75878 75878 118260 25329 79260 13671 7121389 5750510 1080072 290807 5670591 3554230 2452 1885792 423606 356350 67261 31020 78821 58786 981627 580569 458294 401058 10098906 9499478 9043784 9061750 25843715 24848464 1166929 1116451 1509219 697762 3992217 4002884 6668365 5817097 X 18658396 18568588 516954 462779 19175350 19031367 25843715 24848464 -143983 0 X 0 1 X 1 0 X 2446681 1879145 5416253 3580388 2431228 15753695 2860544 66259 2404937 4061744 5047765 14441249 31125 31125 5338350 1945404 7821190 7642132 7478993 30226069 92768 78840 77438 82832 58057 389935 0 92768 78840 77438 82832 58057 389935 29836134 238 97841 98079 238 97841 98079 123687 47112 347514 166306 684619 5462037 1992516 8168704 7808676 7576834 31008767 0.96220 0.99830 0.00320 0.00000 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous income - 2019 Amount: $ 123,687. 2020 Amount: $ 47,112. Employee Retention Credit - 2021 Amount: $ 347,514. 2022 Amount: $ 166,306. Subsidiary Income - RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11984711 548882 1400622 565086 359871 98037 12911221 12236177 26089 346990 543472 81073 11984711 13835240 12291 -1053271 471950 86133 12236177 11208643 359775 2641739 329098 45819 13835240 9581812 2342637 2893 623804 94895 11208643 0.05678 0.71482 0.22840 1 0 9318 9318 0 448035 358025 90010 524274 213226 311048 401058 Investments in subsidiaries 9499478 C 9499478 Due from related party 8878290 Employee Retention Credit (ERC) Receivable 183460 9061750 Due to related party 4002884 4002884 X Part V, Line 4: The Spokane Symphony and Fox Theater Endowment Fund, an unrelated organization, holds investments principally for the benefit of the Spokane Symphony Society. Part X, Line 2: Management believes that the entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Symphony would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. X 0 0 0 0 0 0 0 0 0 Jeff Vom Saal President, Executive Director 144848 0 0 0 0 0 5805 0 5243 0 155896 0 0 0 Form 990, Part VI, Section A, line 1a The Organization has an Executive Committee consisting of the Chair of the Board, Vice Chair for Finance and Audit, other elected Vice Chairs, immediate past Chair of the Board, Chair of the Nominating and Governance Committee, Chair of the Development Committee, Chair Elect, President of the Spokane Symphony Associates, and up to three (3) additional Directors nominated by the Chair of the Board and confirmed by a majority vote of the Board of Directors. The Executive Committee shall have and exercise in the intervals between the meetings of the Board of Directors all the powers of the board in the management of the business and affairs of the Organization. Form 990, Part VI, Section A, line 4 The organization made changes to the Bylaws during the fiscal year the detail changes are listed below. Article I Section 1 changes the term of Trustee to Director throughout the Bylaws. Article II Section 1 changes the number of Directors to a minimum of 3 to a maximum of 50 Directors; Directors can now serve for two consecutive 3-year terms. Article II Section 4 Board leadership was added to the Bylaws consisting of the Chair of the Board, Vice Chair for Finance and Audit, and up to 3 additional Vice Chairs of the Board; The Board may designate a Chair Elect of the Board; Term limits for these positions are posted in the Bylaws. Article II Section 8 removes verbiage referring to Trustees being eligible for reelection for more than 2 consecutive terms. Article 3 Section 1 the President is now also the Executive Director, Treasurer is now also the Chief Financial Officer and Secretary; These positions are no longer voting positions. Article V Section 1 the Executive Committee no longer includes the positions of President, President Elect, Vice President, Treasurer, and Trustees it is now composed of the Chair of the Board, Vice Chair for Finance and Audit, elected Vice Chairs, and Immediate Past Chair of the Board, Chair of the Nominating and Governance Committee, Chair of the Development Committee, Chair Elect, President of the Spokane Symphony Associates, and up to 3 additional Directors; The Executive Committee shall appoint Chairs for all Committees established by the Board. Article V Section 3 Finance and Audit Committee has been added. Article V Section 4 Development Committee has been added. Article X, Indemnification of Directors, Officers, Employees and Agents section has been added to the Bylaws; The previous Article X: Miscellaneous has been omitted. Article XI, Conflict of Interest has been added to the body of the Bylaws. Article XII, Charitable Purposes/Negation of Pecuniary Gain has been added to the body of the Bylaws. Form 990, Part VI, Section A, line 6 Annual Members are those persons, firms, and corporations who make a payment to the Spokane Symphony Society for purchase of a season ticket and make a contribution to the Spokane Symphony Society for current expenditures during the fiscal year. Form 990, Part VI, Section A, line 7a The members elect the Directors at an annual meeting. Form 990, Part VI, Section A, line 7b The bylaws may be amended by three-fourths of the members at an annual meeting. Form 990, Part VI, Section B, line 11b Form 990 is provided to President and Treasurer for review prior to it being submitted to the IRS. Form 990, Part VI, Section B, line 12c The purpose of the conflict of interest policy is to protect The Spokane Symphony's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of The Spokane Symphony or might result in a possible excess benefit transaction. The procedures for addressing the conflict of interest are as follows: An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether The Spokane Symphony can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or ommittee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in The Spokane Symphony's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section B, line 15a The compensation of the Executive Director is reviewed and approved by the Board of Directors. Should there be a need to adjust compensation of the Organization's Executive Director, or top management official, a review meeting will be conducted by the Board, or a committee directed by the Board. Comparability data is provided by the League of American Orchestras. The Executive Director reviews compensation for other officers. The deliberation and final decision is documented in Board minutes and/or personnel files. Form 990, Part VI, Section C, line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Bank Fees: Program service expenses 225,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 225,800. Contract Fees: Program service expenses 970,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 970,167. Music Fees: Program service expenses 118,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 118,571. Professional Services: Program service expenses 0. Management and general expenses 0. Fundraising expenses 117,500. Total expenses 117,500. New Fox Theater LLC 818 W Riverside Mezzanine Spokane WA 99201 205440157 Performing Arts, owner of Fox Theater WA Spokane Symphony Society Related -574873 10886616 0 0 1.00000 New Fox Theater Manager LLC 818 W Riverside Ave Mezzanine Spokane WA 99201 205439989 Manage Fox Theater Operations WA Spokane Symphony Society C -91032 9745841 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 New Fox Theater Manager D 8878290 Book Value New Fox Theater Manager E 1002884 Book Value Schedule R, Part III, Column (k): Spokane Symphony Society owns direct (85.882%) and indirect (14.118% via New Fox Theater Manager) interests in New Fox Theater LLC that amount to 100% ownership of the Partnership.