2025-07-15T10:13:54-05:00 2024-08-31 392519050 ELLIOTT DAVIS ADVISORY LLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-09-01 570660848 SPOLETO FESTIVAL USA INC SPOL 8437222764 14 GEORGE STREET CHARLESTON SC 29401 BRENT DICKMAN CHIEF FINANCIAL OFFICER 8437222764 2025-07-15 1 1 JANICE A RATICA P00358837 7043338881 2025-07-15 2023 2025-03-06 01:10:19Z BRENT DICKMAN 14 GEORGE STREET CHARLESTON SC 29401 11800946 0 X WWW.SPOLETOUSA.ORG X 1977 SC SPOLETO RUNS A 17-DAY, INTERNATIONALLY ACCLAIMED, PERFORMING ARTS FESTIVAL EACH SPRING IN CHARLESTON, SC. ARTISTS FROM AROUND THE WORLD PRESENT A BROAD ARRAY OF DANCE, OPERA, MUSIC, AND THEATER IN MULTIPLE VENUES THROUGHOUT THE CITY. 32 32 348 250 33800 0 4917632 6088315 3033540 3667369 1078114 876702 532711 564332 9561997 11196718 0 0 0 0 4007102 4101882 0 0 1040077 6496665 7020053 10503767 11121935 -941770 74783 19173036 20549344 3208341 2479613 15964695 18069731 X AS THE NATION'S PREEMINENT PERFORMING ARTS FESTIVAL, SPOLETO PRODUCES AND PRESENTS WORK OF THE HIGHEST ARTISTIC CALIBER TO DIVERSE AND ADVENTUROUS AUDIENCES. THROUGH INNOVATION, EDUCATION, AND A COMMITMENT TO OUR COMMUNITY, WE HARNESS THE POWER OF THE ARTS TO FOSTER A CULTURE OF BELONGING AND DEEPEN AND ENGAGE THE PUBLIC APPRECIATION FOR THE ARTS IN BUILDING A BETTER WORLD. 0 0 6759680 3107322 FOR 17 DAYS AND NIGHTS EACH SPRING, SPOLETO FESTIVAL USA FILLS CHARLESTON, SOUTH CAROLINA'S HISTORIC THEATERS, CHURCHES, AND OUTDOOR SPACES WITH PERFORMANCES BY RENOWNED ARTISTS, AS WELL AS EMERGING PERFORMERS IN DANCE, MUSIC, OPERA, AND THEATER. SPOLETO FESTIVAL IS INTERNATIONALLY RECOGNIZED AS AMERICA'S PREMIER PERFORMING ARTS FESTIVAL. THE 2024 FESTIVAL INCLUDED OVER 100 PERFORMANCES ENJOYED BY OVER 46,000 ATTENDEES. 540601 368624 EACH YEAR THE FESTIVAL DEVELOPS A FESTIVAL CHORUS AND ORCHESTRA WITH MORE THAN 100 MUSICIANS. THROUGH NATIONWIDE AUDITIONS, A TALENTED GROUP OF YOUNG PROFESSIONALS AND STUDENTS ARE SELECTED FOR A RESIDENT ENSEMBLE. THE FESTIVAL ORCHESTRA HAS PROVEN TO BE ONE OF THE FINEST OPPORTUNITIES FOR YOUNG MUSICIANS TO GAIN EXTENSIVE PERFORMANCE EXPERIENCE. ALUMNI OF THE SPOLETO FESTIVAL ORCHESTRA CAN BE FOUND IN ALMOST EVERY PROFESSIONAL ORCHESTRA IN THE UNITED STATES AND MANY ABROAD. 214314 ANNUALLY THE FESTIVAL PROVIDES AN APPRENTICESHIP PROGRAM FOR SHORT-TERM INTENSIVE AND EXCITING LEARNING OPPORTUNITIES ABOUT THE WORLD OF PERFORMING ARTS. FIFTY COLLEGE STUDENTS ACQUIRED HANDS-ON EXPERIENCE UNDER THE GUIDANCE OF PROFESSIONAL ARTS ADMINISTRATORS AND TECHNICIANS. SPOLETO IS HEAVILY INVOLVED IN COMMUNITY ENGAGEMENT AND ARTS EDUCATION, PARTNERING WITH LOCAL ELEMENTARY SCHOOLS AND A LOCAL YOUTH JAZZ ACADEMY TO PROVIDE ARTIST LED WORKSHOPS AND OPPORTUNITIES TO ATTEND PERFORMANCES. A PROGRAM CALLED "TELL YOUR STORY" ALLOWS CHARLESTONIANS TO PARTNER WITH ORCHESTRA FELLOWS TO CREATE ORAL HISTORIES ACCOMPANIED BY COMPOSITION. A "PAY WHAT YOU WILL" PROGRAM AND "OPEN STAGE DOOR" PROGRAM PROVIDE LOW PRICED AND COMPLIMENTARY TICKETS TO COMMUNITY BASED NON-PROFIT ORGANIZATIONS AND THOSE WITHOUT MEANS TO EXPERIENCE WORLD-CLASS PERFORMANCES. 7514595 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 117 0 348 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X BRENT DICKMAN 8437222764 14 GEORGE STREET CHARLESTON SC 29401 MR DEAN PORTER ANDREWS DIRECTOR 0.30 X 0 0 0 MRS KATHARINE I BACHMANN DIRECTOR 0.30 X 0 0 0 MR STEVEN D BALZER DIRECTOR 0.30 X 0 0 0 MR LEE BELL DIRECTOR 0.30 X 0 0 0 MRS ROBIN COLES DIRECTOR 0.30 X 0 0 0 MR HARRY H FRAMPTON III DIRECTOR 0.30 X 0 0 0 MS M RUSSELL HOLLIDAY JR DIRECTOR 0.30 X 0 0 0 DR EDDIE L IRIONS JR DIRECTOR 0.30 X 0 0 0 MRS ELIZABETH P MACLEOD DIRECTOR 0.30 X 0 0 0 MR MARK MUNN DIRECTOR 0.30 X 0 0 0 MS RHONDA MUIR DIRECTOR 0.30 X 0 0 0 MRS ANNE BULLOCK PERPER DIRECTOR 0.30 X 0 0 0 MRS NICOLE RUBIN DIRECTOR 0.30 X 0 0 0 MRS CYNTHIA ANNE SOLOMON DIRECTOR 0.30 X 0 0 0 MRS ELIZABETH H SULLIVAN DIRECTOR 0.30 X 0 0 0 MR CHARLES TOLBERT DIRECTOR 0.30 X 0 0 0 MR C DOUGLAS WARNER DIRECTOR 0.30 X 0 0 0 MS PALMER WEISS DIRECTOR 0.30 X 0 0 0 MRS ALICIA MULLEN GREGORY CHAIR 1.00 X X 0 0 0 MS JUDITH N BATTY SECRETARY 1.00 X X 0 0 0 MR MICHAEL C TARWATER TREASURER 1.00 X X 0 0 0 MR PHILLIP D SMITH PRESIDENT 1.00 X X 0 0 0 MR RICHARD W CHISHOLM VICE PRESIDENT 1.00 X X 0 0 0 MS REBECCA W DARWIN VICE PRESIDENT 1.00 X X 0 0 0 MR GARY T DICAMILLO VICE PRESIDENT 1.00 X X 0 0 0 DR ELIZABETH A FLEMING VICE PRESIDENT 1.00 X X 0 0 0 PRESIDENT ANDREW T HSU VICE PRESIDENT 1.00 X X 0 0 0 MS MARTHA RHODES MCLENDON VICE PRESIDENT 1.00 X X 0 0 0 MS MARGIE ANN MORSE VICE PRESIDENT 1.00 X X 0 0 0 MRS CYNTHIA B THOMPSON VICE PRESIDENT 1.00 X X 0 0 0 MRS HELLENA HUNTLEY TIDWELL VICE PRESIDENT 1.00 X X 0 0 0 MR LOREN R ZIFF VICE PRESIDENT 1.00 X X 0 0 0 DR MENA HANNA GENERAL DIRECTOR 40.00 X 301968 0 7802 MR BRENT DICKMAN CHIEF FINANCIAL OFFICER 40.00 X 143075 0 20131 MR DEXTER FOXWORTH CHIEF OPERATING OFFICER 40.00 X 128136 0 16262 MS ELIZABETH KELLER-TRIPP DIRECTOR OF ARTISTIC PLANN 40.00 X 117526 0 14450 MS RACHEL COKER CHIEF ADVANCEMENT OFFICER START 8/23 40.00 X 114481 0 6400 MS KATHARINE LAIDLAW CHIEF MARKETING OFFICER THRU 9/24 40.00 X 174595 0 19131 MS JULIA FORSTER DIRECTOR OF DEVELOPMENT THRU 7/23 40.00 X 102318 0 15005 1082099 0 99181 7 0 1 0 COLLEGE OF CHARLESTON 66 GEORGE STREET CHARLESTON SC 29424 FACILITY RENTALS 482192 OPUS 3 ARTISTS LLC 348 W 57TH STREET SUITE 282 NEW YORK NY 10019 ENTERTAINMENT 230470 OCTOPUS THEATRICALS LLC 113 ADAMS DRIVE PRINCETON NJ 08540 ENTERTAINMENT 216740 THE GAILLARD MANAGEMENT CORPORATION 95 CALHOUN ST CHARLESTON SC 29401 FACILITY RENTALS 216092 JASON ISBELL TOURING INC 3310 WEST END AVE SUITE 400 NASHVILLE TN 37203 ENTERTAINMENT 185000 13 76725 978301 5033289 6088315 ADMISSION SALES 711190 3298745 3298745 BOX OFFICE HANDLING FEES 711190 368624 368624 3667369 285509 285509 469070 271642 197428 197428 3400 194028 614110 22917 591193 591193 591193 631770 76725 305854 325916 325916 14403 3815 10588 10588 ADVERTISING 541800 30400 30400 30400 11196718 3677957 33800 1396646 476947 266708 100537 109702 3256668 1821120 686485 749063 69262 38731 14600 15931 128899 72080 27171 29648 170106 95123 35857 39126 230 230 772112 76739 695273 100 146839 137472 350 9017 710151 267285 430550 12316 244113 135985 92559 15569 1105827 1048116 45813 11898 548787 305706 208080 35001 283848 106834 172091 4923 PERFORMANCE FEES 2081175 2076425 4750 GENERAL PRODUCTION 983216 944996 38185 35 DESIGN SERVICES & PRINT 139811 117331 14962 7518 AUDITIONS AND WORKSHOPS 3944 3944 11121935 7514595 2567263 1040077 182344 191267 995758 1150713 255966 16264 4898 6197 188901 169714 13105080 8959866 4574805 4145214 12609209 14472722 361155 397253 19173036 20549344 191510 296145 266364 252129 2748950 1892028 1517 39311 3208341 2479613 X 2211907 2142828 13752788 15926903 15964695 18069731 19173036 20549344 X 74783 1622986 371168 36099 X X 0 1 X 1 0 X 4698556 5616901 6263276 4917632 6088315 27584680 4698556 5616901 6263276 4917632 6088315 27584680 789051 26795629 499446 491276 784918 655333 754579 3185552 33800 33800 30804032 10565949 0.86990 0.88030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12877359 4018 2487624 827277 14541724 12020567 29601 1317171 489980 12877359 14520166 78000 -2126921 450678 12020567 11710633 691364 2563553 445384 14520166 10371636 338940 1330057 330000 11710633 0.29460 0.70540 0.00000 0 0 4611482 3194162 1417320 7119678 4623490 2496188 670312 555184 115128 703608 587030 116578 4145214 CASH AND MONEY MARKET FUNDS 353463 C EQUITIES 1306112 C MUTUAL FUNDS - EQUITIES 4069457 C MUTUAL FUNDS - BONDS 1157472 C EXCHANGE TRADED FUNDS - EQUITIES 6103742 C EXCHANGE TRADED FUNDS - BONDS 982476 C NON-EXCHANGE TRADED FUNDS - EQUITIES 500000 C 14472722 CAPITAL LEASE PAYABLE 39311 39311 X 13498383 1622986 371168 307741 2301895 11196488 230 230 11196718 11393347 271642 271642 11121705 230 230 11121935 PART V, LINE 4: THE FESTIVAL'S ENDOWMENTS CONSIST OF SEVERAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, THE NET ASSETS ASSOCIATED WITH THE ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. PART X, LINE 2: THE FESTIVAL IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, IF ANY, AS DEFINED BY THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FESTIVAL IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. GAAP PRESCRIBE 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. GAAP ALSO PROVIDES GUIDANCE ON DERECOGNITION OF TAX BENEFITS, CLASSIFICATION ON THE STATEMENTS OF FINANCIAL POSITION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, AND DISCLOSURE. MANAGEMENT HAS EVALUATED THE FESTIVAL'S TAX POSITIONS AND CONCLUDED THAT THE FESTIVAL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE FOR THE YEARS ENDED AUGUST 31, 2024 OR 2023. WITH FEW EXCEPTIONS, THE FESTIVAL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 271,642. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 36,099. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 271,642. MRCA 132550 4675 127875 38705 18878 795 17132 OPENING GALA 530495 26600 503895 18382 95376 3900 52560 15 45450 45450 7560 46175 1971 4420 708495 76725 631770 64647 160429 6666 74112 305854 325916 X X X X 0 0 0 0 0 0 0 0 0 DR MENA HANNA GENERAL DIRECTOR 301968 0 0 0 0 0 0 0 7802 0 309770 0 0 0 MS KATHARINE LAIDLAW CHIEF MARKETING OFFICER THRU 9/24 174595 0 0 0 0 0 9131 0 10000 0 193726 0 0 0 MR BRENT DICKMAN CHIEF FINANCIAL OFFICER 143075 0 0 0 0 0 8523 0 11608 0 163206 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS THAT ARISE DURING THE YEAR ARE DISCLOSED TO THE BOARD OF DIRECTORS. THE INTERESTED INDIVIDUAL WILL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER. IN ADDITION, COMPLIANCE IS MONITORED WITH AN ANNUAL QUESTIONNAIRE. BOARD MEMBERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS. ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS SHALL NOT VOTE IN CONNECTION WITH THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UTILIZES VARIOUS FORMS OF CURRENT SALARY INFORMATION TO DETERMINE THE ANNUAL COMPENSATION FOR THE FESTIVAL'S DIRECTOR, CHIEF FINANCIAL OFFICER, AND ALL KEY EMPLOYEES. ONCE THE DATA IS SUMMARIZED AND ANALYZED, THE FESTIVAL'S BOARD OF DIRECTORS APPROVES THE ANNUAL COMPENSATION OF THE DIRECTOR AND DOCUMENTS THE DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE FESTIVAL'S PUBLIC DISCLOSURE COPY OF FORM 990 IS AVAILABLE FOR INSPECTION AT THE FESTIVAL'S MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 36,099. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED.