2024-04-30T08:50:26-05:00 2023-06-30 363168081 SIKICH LLP 4020 KINROSS LAKES PARKWAY SUITE 300 RICHFIELD OH 44286 990 2022-07-01 346003828 GREATER AKRON MUSICAL ASSOCIATION INC GREA 3305358131 92 NORTH MAIN STREET AKRON OH 44308 PAUL JARRETT EXECUTIVE DIRECTOR 3305358131 2024-04-22 1 PAUL JARRETT 999009999 1 BRIDGETTE MUGGE P00671418 3308646661 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS CROOKES 92 NORTH MAIN STREET AKRON OH 44308 1943596 0 X WWW.AKRONSYMPHONY.ORG X 1953 OH ENHANCE THE QUALITY OF LIFE OF OUR COMMUNITY THROUGH EDUCATION AND MUSICAL EXCELLENCE. 35 35 249 250 0 0 1756409 1546807 240092 388024 72 8765 -46927 -49201 1949646 1894395 0 0 0 0 1033231 1188083 0 0 141431 513933 590896 1547164 1778979 402482 115416 861062 478636 686900 183453 174162 295183 THE AKRON SYMPHONY ENRICHES THE LIVES OF AUDIENCES, MUSICIANS, AND OUR COMMUNITY THROUGH EXCEPTIONAL SYMPHONIC MUSIC, AND MEANINGFUL, COLLABORATIVE, AND EDUCATIONAL PROGRAMMING THAT WELCOMES, CONNECTS, AND ENGAGES A BROAD AND DIVERSE REGIONAL COMMUNITY. 0 0 1380695 388024 SPONSORSHIP OF AKRON SYMPHONY ORCHESTRA, AKRON SYMPHONY CHORUS, AKRON YOUTH SYMPHONY, AKRON YOUTH PHILHARMONIC, GOSPEL MEETS SYMPHONY CHOIR 1380695 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 30 0 249 1 0 0 0 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X LORI CONANT 3305358131 92 NORTH MAIN STREET AKRON OH 44308 TOM CROOKES PRESIDENT 3.00 X X 0 0 0 JILL BACON MADDEN EXECUTIVE VP 3.00 X X 0 0 0 JEANA SINGLETON SECRETARY 3.00 X X 0 0 0 ANDY ZIEGLER TREASURER 1.00 X X 0 0 0 TRACY DOWE GOVERNANCE CHAIR 2.00 X X 0 0 0 THERESA PETIT-LERNER EDUCATION CHAIR 2.00 X X 0 0 0 J ALEX QUAY MARKETING CHAIR 2.00 X X 0 0 0 THOMAS HITE DEVELOPMENT CHAIR 3.00 X X 0 0 0 THOMAS JEFFERSON DEI CHAIR 1.00 X X 0 0 0 KATHRYN BOOTH IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 HILARY AYERS-KURTZ TRUSTEE 1.00 X 0 0 0 KITTIE B CLARK TRUSTEE 1.00 X 0 0 0 JOHNNETTE CURRY TRUSTEE 1.00 X 0 0 0 GARY DAVIS TRUSTEE 1.00 X 0 0 0 BETHANY GONZALEZ TRUSTEE 1.00 X 0 0 0 LIA JONES TRUSTEE 1.00 X 0 0 0 DOROTHY HANSEN TRUSTEE 1.00 X 0 0 0 KEVIN HERAGHTY TRUSTEE 1.00 X 0 0 0 RYAN IMMARINO TRUSTEE 1.00 X 0 0 0 QUINNIE LANE TRUSTEE 1.00 X 0 0 0 ANDREW LEASK TRUSTEE 1.00 X 0 0 0 CHARLES MYRICKS JR TRUSTEE 1.00 X 0 0 0 PATRICIA NILSESTUEN TRUSTEE 1.00 X 0 0 0 GEORGIA NIX MILLER TRUSTEE 1.00 X 0 0 0 WILLIAM NOLAN TRUSTEE 1.00 X 0 0 0 RENEE PIPITONE TRUSTEE 1.00 X 0 0 0 ANTHA POLEONDAKIS TRUSTEE 1.00 X 0 0 0 JULIANNE ROBBINS TRUSTEE 1.00 X 0 0 0 KAREN SCHRECKENGOST TRUSTEE 1.00 X 0 0 0 JANE SCHWEITZER TRUSTEE 1.00 X 0 0 0 STEVE SEDLOCK TRUSTEE 1.00 X 0 0 0 ERICA SNOWDEN TRUSTEE 1.00 X 0 0 0 EDA VALENTIN TRUSTEE 1.00 X 0 0 0 JULIE WEAGRAFF TRUSTEE 1.00 X 0 0 0 STEPHANIE YORK TRUSTEE 1.00 X 0 0 0 PAUL JARRETT EXECUTIVE DIRECTOR 40.00 1.00 X 72821 0 0 72821 0 0 0 0 0 0 0 146187 350500 404952 645168 1546807 TICKET SALE REVENUE 711300 210864 210864 CONTRACT INCOME 711300 163078 163078 OTHER PROGRAM SERVICES 711300 14082 14082 388024 8765 8765 0 146187 49201 -49201 -49201 1894395 388024 0 -40436 72100 25235 3605 43260 964585 777835 117352 69398 22247 22247 48549 7015 35617 5917 80602 61672 10159 8771 16875 16875 170247 157246 12795 206 113671 109454 4217 16908 9571 7337 36442 10704 25738 8191 8191 226 226 6099 5664 435 14405 14405 CONCERT PRODUCTION EXPE 144887 144887 MISCELLANEOUS EXPENSES 37726 25596 2648 9482 CREDIT CARD FEES 11558 11378 180 SPECIAL PROJECTS 9060 9060 4601 4000 601 1778979 1380695 256853 141431 5761 4292 778683 38674 18763 26597 15075 14921 215638 178956 42780 36682 357470 861062 478636 109638 36006 112570 102283 61097 403595 45164 686900 183453 X 141262 262283 32900 32900 174162 295183 861062 478636 115416 5605 0 X 0 1 X 1 0 X 1171181 1051372 1147751 1750898 1546807 6668009 1171181 1051372 1147751 1750898 1546807 6668009 1848806 4819203 32 72 8765 8869 57881 57881 6734759 1596995 0.71560 0.69640 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2018 AMOUNT: $ 57,881. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7075051 5000 955781 350500 56845 7628487 8357745 4952 -894754 331000 61892 7075051 6683764 205000 1762423 240000 53442 8357745 6618704 5000 500122 400500 39562 6683764 6422992 5000 550390 320500 39178 6618704 0.67030 0.32970 0 1 1 9795 9795 0 205843 169161 36682 36682 REFUNDABLE ADVANCES 45164 45164 X PART V, LINE 4: THE ENDOWMENT FUND IS HELD BY THE GREATER AKRON MUSICAL ASSOCIATION FOUNDATION, A RELATED ORGANIZATION. THE INTENDED USE OF THE FUND IS DETERMINED BASED ON DONOR RESTRICTONS TO BENEFIT THE GREATER AKRON MUSICAL ASSOCIATION. THE ENDOWMENT FUND IS DIRECTED BY THE FOUNDATION'S BOARD OF TRUSTEES INVESTMENT COMMITTEE IN CONSULTATION WITH A PROFESSIONAL INVESTMENT ADVISOR. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES WITH THE OBJECTIVE OF PROVIDING A STABLE AND GROWING SOURCE OF INCOME TO SUPPORT THE ASSOCIATION'S PROGRAMS WHILE PRESERVING AND ENHANCING CAPITAL OVER THE LONG-TERM. PART X, LINE 2: THE ASSOCIATION AND THE FOUNDATION ARE EXEMPT FROM INCOME TAXES UNDER THE CURRENT PROVISIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3). THEREFORE, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN RECORDED IN THE STATEMENTS. THE ASSOCIATION AND THE FOUNDATION ARE NOT CLASSIFIED AS PRIVATE FOUNDATIONS. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ON ACCOUNTING FOR INCOME TAXES AND HAS EVALUATED ITS TAX PROVISIONS, EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS, AND BELIEVES THAT NO PROVISION FOR INCOME TAXES IS NECESSARY TO COVER ANY UNCERTAIN TAX PROVISIONS. THE ORGANIZATIONS' RETURNS FOR TAX YEARS 2019 AND LATER REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GALA 107732 107732 5844 12430 3542 13306 LAKES TOUR 35663 35663 6809 300 4581 3 2792 2792 2179 150 60 146187 146187 5844 21418 3992 17947 49201 -49201 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE ASKED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. THERE IS NO FORMAL MONITORING PROCESS IN PLACE. CONFLICTS, IF ANY, WOULD BE ADDRESSED BY THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 WHEN A VACANCY OCCURS, THE GAMA PRESIDENT WILL APPOINT A SEARCH COMMITTEE CONSISTING OF BOARD, COMMUNITY, AND STAFF MEMBERS WHO CAN BEST REPRESENT THOSE GAMA CONSTITUENCIES ABLE TO DEFINE THE POSITION AND FORMALLY REVIEW APPLICANTS. ONCE THE SEARCH COMMITTEE HAS AFFIRMED THE CANDIDATE IN QUESTION, KEY MEMBERS OF THE EXECUTIVE BOARD MEET TO REVIEW THE LEAGUE OF AMERICAN ORCHESTRA'S COMPARATIVE SALARY INFORMATION AND FRINGES, THE CANDIDATE'S SALARY REQUIREMENTS, CURRENT GAMA BUDGET REQUIREMENTS, THE PROSPECTIVE COMPONENTS OF A CONTRACT, THE EXTENT TO WHICH IT WILL BE EXTENDED, AND THE RANGE TO WHICH THE NEGOTIATOR IS ALLOWED TO NEGOTIATE IN GOOD FAITH. IF AN AGREEMENT IS REACHED, THE AGREEMENT IS PLACED BEFORE THE EXECUTIVE BOARD FOR APPROVAL OR REJECTION. A SIMILAR PROCEDURE IS UNDERTAKEN ANNUALLY FOR EVALUATING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES EMPLOYED ON AN ONGOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE FOR PUBLIC INSPECTION, UPON REQUEST, ALL CURRENT DOCUMENTS AS REQUIRED BY FEDERAL, STATE AND LOCAL LAW, INCLUDING BUT NOT LIMITED TO THE IRS FORM 990, AUDITED FINANCIAL STATEMENTS AND MINUTES OF THE EXECUTIVE BOARD. GREATER AKRON MUSICAL ASSOCIATION FOUNDATION 92 NORTH MAIN STREET AKRON OH 44308 341635435 ENDOWMENT FUND OH 501(C)(3) LINE 12A, I GREATER AKRON MUSICAL ASSOCIATION 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 GREATER AKRON MUSICAL ASSOCIATION FOUNDATION C 350500 FMV