2024-01-16T07:53:37-06:00 2023-05-31 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2022-06-01 030222134 VERMONT SYMPHONY ORCHESTRA ASSOCIATION INC VERM 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ELISE BRUNELLE EXECUTIVE DIRECTOR 8028645741 2024-01-16 1 ELISE BRUNELLE 999009999 0 CONNIE FELLION P01875413 8026581808 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELISE BRUNELLE 2 CHURCH STREET BURLINGTON VT 05401 2007016 0 X WWW.VSO.ORG X 1938 VT THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 16 16 174 120 0 0 1556162 989119 334301 420779 399367 159035 929 7267 2290759 1576200 0 0 0 0 724814 922941 0 0 284269 838059 1022220 1562873 1945161 727886 -368961 6301057 6001219 333003 300551 5968054 5700668 THE VERMONT SYMPHONY ORCHESTRA FOSTERS AND ENCOURAGES THE LOVE OF MUSIC THROUGHOUT VERMONT. 0 0 1293430 353454 FOR FY23: 14 CORE PERFORMANCES STATEWIDE WITH FULL ORCHESTRA INCLUDING VSO AT THE FLYNN/PARAMOUNT (FORMERLY "CLASSICAL SERIES"), SUMMER FESTIVAL TOUR, AND HOLIDAY POPS, TO WHICH WE ADDED SEVEN CHAMBER ORCHESTRA PERFORMANCES (A NIGHT AT THE MOVIES, FARMERS' NIGHT, AND MARBLE). THE ORGANIZATION'S MUSIC DIRECTOR FOR 20 YEARS, JAIME LAREDO, STEPPED DOWN; IN MARCH 2023, ANDREW CRUST WAS APPOINTED THE NEW MUSIC DIRECTOR. TOTAL AUDIENCE = 14,246. 85281 42078 FOR FY23: 19 STATEWIDE SMALL ENSEMBLE PERFORMANCES INCLUDING MONTPELIER PRIDE, JUKEBOX QUARTET, BRASS QUINTET & COUNTERPOINT, WHISPERS OF THE PAST, PITTSFORD VILLAGE, DR. CORNEL WEST LECTURE, AND DE CORMIER MEMORIAL CONCERTS. TOTAL AUDIENCE = 2,557. 42641 25247 FOR FY23: 26 EDUCATIONAL EVENTS TOOK PLACE STATEWIDE THROUGHOUT THE YEAR, INCLUDING A SIDE-BY-SIDE CONCERT WITH THE VERMONT YOUTH ORCHESTRA, A JUICEBOX CHILDRENS' CONCERT, MUSICIANS IN SCHOOLS PERFORMANCES, YOUNG COMPOSERS WORKSHOP AND CONCERT, A VIOLIN MASTERCLASS AND THE MASTERCLEF COMPOSITION COMPETITION. TOTAL ATTENDANCE = 2,233. 1421352 1 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 1 174 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ELISE BRUNELLE 8028645741 2 CHURCH STREET BURLINGTON VT 05401 ROBERT KENNY CHAIR 2.00 X X 0 0 0 BETSY BLOOMER VICE CHAIR 2.00 X X 0 0 0 RANDALL SARGENT TREASURER 2.00 X X 0 0 0 SIMEON ANANOU DIRECTOR 1.00 X 0 0 0 ROBERT DONALD DIRECTOR 1.00 X 0 0 0 LYN LAUFFER DIRECTOR 1.00 X 0 0 0 BRIAN HARWOOD DIRECTOR 1.00 X 0 0 0 LIISA KISSEL DIRECTOR 1.00 X 0 0 0 SHARON REICH PAULSEN DIRECTOR 1.00 X 0 0 0 CATHLEEN CATHY STADECKER DIRECTOR 1.00 X 0 0 0 ABBOTT STARK DIRECTOR 1.00 X 0 0 0 SYNDI ZOOK DIRECTOR 1.00 X 0 0 0 LYNN BARRETT DIRECTOR 1.00 X 0 0 0 ALISON CLARKSON DIRECTOR 1.00 X 0 0 0 CAROL DEVINE DIRECTOR 1.00 X 0 0 0 SALLY RIVARD DIRECTOR 1.00 X 0 0 0 ELISE BRUNELLE EXECUTIVE DIRECTOR 40.00 X 91951 0 18556 91951 0 18556 0 0 0 0 0 163520 825599 989119 PERFORMANCE REVENUES 711130 420779 420779 420779 76754 76754 508992 426711 82281 82281 82281 4127 4105 22 22 CREDIT CARD REWARDS 900099 7245 7245 7245 1576200 428046 0 159035 X 114503 85629 11747 17127 705314 527133 72755 105426 14100 10576 1410 2114 25018 18763 2502 3753 64006 48004 6401 9601 3092 2319 309 464 21215 15911 2122 3182 26542 26542 241442 181082 24144 36216 129580 97185 12958 19437 24561 18421 2456 3684 35484 26613 3548 5323 120920 90690 12092 18138 3600 2700 360 540 5967 4475 597 895 19534 14651 1953 2930 EQUIPMENT RENTAL AND ST 218682 164012 21868 32802 CONCERT EXPENSES 75446 56584 7545 11317 MISCELLANEOUS 40347 31944 2014 6389 PLEDGE WRITE-OFFS 22929 22929 32879 24660 3288 4931 1945161 1421352 239540 284269 19806 21028 24463 19530 264339 293813 244279 48986 720 59388 47517 238090 196038 48019 42052 5325131 5234160 315632 293413 6301057 6001219 57824 48423 125279 105557 149900 146571 333003 300551 X 62952 4414 5905102 5696254 5968054 5700668 6301057 6001219 X -368961 113349 -11774 X 1 X 0 1 0 X 945846 1009602 729376 1556162 989119 5230105 945846 1009602 729376 1556162 989119 5230105 257860 4972245 78547 93461 43596 66268 76754 358626 19730 24270 19982 929 11372 76283 5665014 1731283 0.87770 0.86640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 19,730. 2019 AMOUNT: $ 24,270. 2020 AMOUNT: $ 19,982. 2021 AMOUNT: $ 929. 2022 AMOUNT: $ 11,372. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5325131 62332 231059 384362 5234160 5340990 287680 -294339 9200 5325131 4509229 280175 998866 447280 5340990 4416487 304816 252589 464663 4509229 4485178 160885 125203 354779 4416487 0.00000 0.88152 0.11848 1 0 170960 160123 10837 67130 35915 31215 42052 X PART V, LINE 4: THE ORGANIZATION HAS A NUMBER OF PERMANENTLY RESTRICTED FUNDS WITH SOME SUPPORTING SPECIFIC CONCERTS, SPECIFIC ORCHESTRAL SERVICES AND EDUCATIONAL ACTIVITIES BUT WITH THE MAJORITY SUPPORTING GENERAL OPERATIONS. PART X, LINE 2: FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX-EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED MAY 31, 2020. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT VERSION OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE TREASURER (WHO REPORTS TO THE FINANCE COMMITTEE). A FINAL VERSION IS MADE AVAILABLE TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE PROCESS IS MONITORED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 INDEPENDENT BOARD MEMBERS REVIEW INFORMAL SALARY COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATE THEIR DELIBERATIONS RELATED TO THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER MANAGEMENT STAFF. FORM 990, PART VI, SECTION C, LINE 19 THOUGH THE ORGANIZATION HAS NEVER RECEIVED A REQUEST FOR ITS ORGANIZATIONAL DOCUMENTS OR CONFLICT OF INTEREST POLICY, IT MAKES THESE DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART IX, LINE 11G BOOKKEEPING: PROGRAM SERVICE EXPENSES 5,981. MANAGEMENT AND GENERAL EXPENSES 797. FUNDRAISING EXPENSES 1,196. TOTAL EXPENSES 7,974. BANK CHARGES: PROGRAM SERVICE EXPENSES 3,020. MANAGEMENT AND GENERAL EXPENSES 403. FUNDRAISING EXPENSES 604. TOTAL EXPENSES 4,027. ARTISTIC PERSONNEL: PROGRAM SERVICE EXPENSES 166,196. MANAGEMENT AND GENERAL EXPENSES 22,159. FUNDRAISING EXPENSES 33,239. TOTAL EXPENSES 221,594. IT SUPPORT: PROGRAM SERVICE EXPENSES 5,885. MANAGEMENT AND GENERAL EXPENSES 785. FUNDRAISING EXPENSES 1,177. TOTAL EXPENSES 7,847. FORM 990, PART XI, LINE 9: INCOME (LOSS) FROM PERPETUAL TRUST -10,472. INCOME (LOSS) FROM BENEFICIAL INTEREST -1,302.