2024-04-30T08:50:16-05:00 2023-06-30 363168081 SIKICH LLP 274 WHITE POND DRIVE AKRON OH 443201118 990 2022-07-01 341635435 GREATER AKRON MUSICAL ASSOCIATION FOUNDATION GREA 3305358131 92 NORTH MAIN STREET AKRON OH 44308 THOMAS CLARK PRESIDENT 3305358131 2024-04-22 1 THOMAS CLARK 999009999 1 BRIDGETTE MUGGE P00671418 3308646661 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS CLARK 92 NORTH MAIN STREET AKRON OH 44308 3977990 0 X WWW.AKRONSYMPHONY.ORG X 1986 OH TO OPERATE THE ENDOWMENT FUND AND OTHER SPECIAL FUNDS FOR THE BENEFIT OF THE GAMA. 8 8 0 8 0 0 4952 5000 0 0 325718 807858 0 0 330670 812858 331000 350500 0 0 0 0 0 0 0 61892 56845 392892 407345 -62222 405513 7075051 7628487 0 0 7075051 7628487 TO OPERATE THE ENDOWMENT FUND AND OTHER SPECIAL FUNDS FOR THE BENEFIT OF THE GREATER AKRON MUSICAL ASSOCIATION AND TO PROMOTE PUBLIC APPRECIATION OF THE ARTS. 0 0 350500 350500 THE FOUNDATION WAS ESTABLISHED TO HOLD CERTAIN INVESTMENTS FOR THE BENEFIT OF THE GREATER AKRON MUSICAL ASSOCIATION. THE FOUNDATION PROVIDES PAYMENTS TO THE ASSOCIATION TO SUPPORT THEIR MISSION. PAYMENTS ARE BASED ON A SPENDING POLICY ESTABLISHED BY THE BOARD OF THE FOUNDATION. 350500 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 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 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 OH X LORI CONANT 3305358131 92 NORTH MAIN STREET AKRON OH 44308 THOMAS J CLARK PRESIDENT 2.00 X X 0 0 0 RICHARD HARRIS SECRETARY 1.00 X X 0 0 0 DAVE SCARPONI TREASURER 1.00 X X 0 0 0 MICHAEL PASTERNAK MEMBER 1.00 X 0 0 0 DONNA VALENTINE MEMBER 1.00 X 0 0 0 CHARLES PETER MD MEMBER 1.00 X 0 0 0 TODD ROSENBERG MEMBER 1.00 X 0 0 0 BRUCE FAHEY MEMBER 1.00 X 0 0 0 PAUL JARRETT GAMA EXECUTIVE DIRECTOR 1.00 40.00 X 0 72821 0 0 72821 0 0 0 0 0 0 5000 5000 137139 137139 3835851 3165132 670719 670719 670719 812858 0 0 807858 350500 350500 56845 56845 407345 350500 56845 0 7075051 7628487 7075051 7628487 0 0 X 7075051 7628487 7075051 7628487 7075051 7628487 405513 147923 0 X 0 1 X 1 0 X X 1 GREATER AKRON MUSICAL ASSOCIATION 346003828 7 1 350500 0 1 350500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 0 X PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE GREATER AKRON MUSICAL ASSOCIATION'S OPERATING ACTIVITIES. 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. 1 GREATER AKRON MUSICAL ASSOCIATION 92 NORTH MAIN STREET AKRON OH 44308 346003828 501(C)(3) 350500 0 OPERATING ACTIVITIES 1 PART I, LINE 2: THE FOUNDATION BOARD REGULARLY CONSULTS WITH ITS SUPPORTED ORGANIZATION TO ENSURE THAT GRANT MONIES ARE USED FOR THE STATED PURPOSES OF THE GRANT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS MUST ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT. THE SIGNED STATEMENT AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE POLICY, READ AND UNDERSTOOD THE POLICY, AND HAVE AGREED TO COMPLY. 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 CURRENT IRS FORM 990, CURRENT ANNUAL REPORT, CURRENT AUDITED FINANCIAL STATEMENTS AND CURRENT MINUTES OF THE EXECUTIVE BOARD. GREATER AKRON MUSICAL ASSOCIATION 92 NORTH MAIN STREET AKRON OH 44308 346003828 MUSICAL ARTS OH 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GREATER AKRON MUSICAL ASSOCIATION B 350500 FMV