2026-03-04T10:44:31-06:00 2025-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2024-07-01 581495066 NORTH CAROLINA SYMPHONY FOUNDATION NORT 9197332750 3700 GLENWOOD AVE 130 RALEIGH NC 27612 SANDI MA MACDONALD PRESIDENT & CEO 9197332750 2026-03-03 1 1 JULIA FLANNERY P00928918 3012963600 2026-03-03 2024 2025-03-06 01:10:19Z SANDI MA MACDONALD 3700 GLENWOOD AVE 130 RALEIGH NC 27612 8041822 0 X WWW.NCSYMPHONY.ORG X 1982 NC TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT. 13 13 0 13 0 0 1457284 1999433 0 0 514334 1024609 0 0 1971618 3024042 1040567 1161608 0 0 0 0 0 0 0 45559 42454 1086126 1204062 885492 1819980 24200426 27394587 6826 7350 24193600 27387237 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 1161608 1161608 0 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. 1161608 1 1 0 0 0 0 0 1 0 1 0 1 0 0 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 13 13 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 JOSEPH C BASTIAN MEMBER 1.00 5.00 X 0 0 0 MR RICHARD DICK L DAUGHERTY MEMBER 1.00 1.00 X 0 0 0 MR WILLIAM LEE BILL 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 MR ROBERT LOWETH MEMBER 1.00 X 0 0 0 DR EMILY MANN PECK MEMBER 1.00 X 0 0 0 DR SHALER STIDHAM JR MEMBER 1.00 X 0 0 0 ROBERT SCHILLER SR. VP, FINANCE & CFO 5.00 55.00 X 0 238928 4882 SANDI MA MACDONALD PRESIDENT & CEO 5.00 55.00 X 0 400332 35170 ELIZABETH RANSOM VP, PHILANTHROPY 5.00 50.00 X 0 178716 14976 0 817976 55028 0 0 1 0 0 1999433 1032340 1999433 510090 510090 5532299 5017780 514519 514519 514519 3024042 0 0 1024609 1161608 1161608 2000 2000 14671 14671 25783 25783 1204062 1161608 42454 0 641335 1147030 170633 810319 70088 24236 5803699 4589783 16395286 19681787 1119385 1141432 24200426 27394587 6826 7350 6826 7350 X 2565356 2313867 21628244 25073370 24193600 27387237 24200426 27394587 X 1819980 1357885 15772 X X 0 1 X 1 0 X X X 1 NORTH CAROLINA SYMPHONY SOCIETY INC 560556755 7 1 1161608 0 1 1161608 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 22840318 1404393 2382493 1182823 25783 25418598 19653376 1293401 2978319 1060736 24042 22840318 15427320 3507549 1692332 952896 20929 19653376 17937636 770971 -2383091 875780 22416 15427320 14231091 732374 3856150 860233 21746 17937636 0.09000 0.77000 0.14000 0 0 0 DODGE & COX INCOME FD 2933710 C ISHARES CORE US AGGREGATE BOND ETF 3241261 C ISHARES RUSSELL MIDCAP ETF 1538842 C ISHARES RUSSEL TOP 200 GROWTH ETF 3682120 C PRINCIPAL MIDCAP FD 1517067 C VANGUARD VALUE ETF 2060612 C VANGUARD 500 INDEX FD CL ADM 4708175 C 19681787 INTERCOMPANY PAYABLE 7350 7350 X 24177898 1357885 19821754 21179639 2998259 25783 25783 3024042 20607874 20591203 20591203 16671 25783 1161608 1187391 1204062 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, INC. 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. THE ENDOWMENT ASSETS OF THE SOCIETY ARE NOT INCLUDED IN THE TOTALS PROVIDED IN PART V, LINE 1. 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 15,772. NC SYMPHONY SOCIETY REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 20,967,590. TRANSFER FROM NC SYMPHONY FOUNDATION TO NC SYMPHONY SOCIETY -1,161,608. PART XII, LINE 2D - OTHER ADJUSTMENTS: NC SYMPHONY SOCIETY EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 20,591,203. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFER FROM NC SYMPHONY FOUNDATION TO NC SYMPHONY SOCIETY 1,161,608. 1 NORTH CAROLINA SYMPHONY SOCIETY INC 3700 GLENWOOD AVENUE SUITE 130 RALEIGH NC 27612 560556755 501(C)(3) 1161608 0 TO SUPPORT STATEWIDE SERVICE AND MUSIC EDUCATION 1 0 PART I, LINE 2: THE NORTH CAROLINA SYMPHONY FOUNDATION SUPPORTS THE NORTH CAROLINA SYMPHONY SOCIETY, INC. BY DRAWING FROM THE FOUNDATION ENDOWMENT FUND. 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. IN ADDITION, THE NORTH CAROLINA SYMPHONY FOUNDATION REIMBURSES THE NORTH CAROLINA SYMPHONY SOCIETY, INC. FOR ENDOWMENT FUNDRAISING EXPENSES. THE AMOUNT OF THE REIMBURSEMENT IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF THE NORTH CAROLINA SYMPHONY FOUNDATION. 0 0 0 0 0 0 0 0 0 SANDI MA MACDONALD PRESIDENT & CEO 0 315060 0 85000 0 272 0 6445 0 28725 0 435502 0 0 ROBERT SCHILLER SR. VP, FINANCE & CFO 0 204068 0 29808 0 5052 0 4216 0 666 0 243810 0 0 ELIZABETH RANSOM VP, PHILANTHROPY 0 156137 0 22527 0 52 0 3186 0 11790 0 193692 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 SOCIETY), THE ORGANIZATION'S SUPPORTED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE SYMPHONY SOCIETY. THE SOCIETY USES THE FOLLOWING METHODS TO ESTABLISH THE PRESIDENT & CEO'S COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE X 3 1032340 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS 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 ALL EMPLOYEES OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. AND ALL TRUSTEES OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. AND THE NORTH CAROLINA SYMPHONY FOUNDATION ARE REQUIRED TO REVIEW THE WRITTEN CONFLICT-OF-INTEREST POLICIES AND COMPLETE AND SIGN THE DISCLOSURE FORM. THE POLICY IS REVIEWED WITH STAFF DURING THEIR NEW EMPLOYEE ORIENTATION AND IS REVIEWED WITH TRUSTEES DURING THEIR NEW TRUSTEE ORIENTATION AND AT THE EXTENSION OF THEIR TERM. ALL COMPLETED FORMS ARE ARCHIVED. A CONFLICT ARISES WHEN THE APPEARANCE OR EXISTENCE OF A BENEFICIAL INTEREST (FINANCIAL OR PERSONAL) RELATED TO A DECISION THE NORTH CAROLINA SYMPHONY IS MAKING COULD INFLUENCE A TRUSTEE OR EMPLOYEE IN THE EXECUTION OF THEIR DUTIES. IN ACCORDANCE WITH NCS'S CODE OF ETHICS & CONFLICT OF INTEREST POLICY, SHOULD A CONFLICT OR APPARENT CONFLICTS OF INTEREST ARISE IN CONNECTION WITH NORTH CAROLINA SYMPHONY DUTIES AND RESPONSIBILITIES, EMPLOYEES AND TRUSTEES ARE REQUIRED TO: A. DISCUSS THE CONFLICT WITH THE BOARD CHAIR OR THE CHIEF EXECUTIVE OFFICER, AS APPLICABLE, AND B. REFRAIN FROM PARTICIPATING IN ANY DISCUSSIONS, DELIBERATIONS, DECISIONS OR VOTING RELATED TO THE CONFLICT OF INTEREST UNTIL MANAGEMENT MITIGATES OR OTHERWISE RESOLVES THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE NORTH CAROLINA SYMPHONY FOUNDATION DOES NOT COMPENSATE THE CEO, OTHER OFFICERS AND/OR KEY EMPLOYEES. THE NORTH CAROLINA SYMPHONY SOCIETY, INC., THE FILING ORGANIZATION'S RELATED, SUPPORTED ORGANIZATION USES INDUSTRY SALARY SURVEYS 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. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, 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 15,772. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT AND SELECTION PROCESS HAS REMAINED UNCHANGED FROM PRIOR YEAR. 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