2025-03-17T09:19:03-05:00 2024-05-31 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2023-06-01 591542539 THE PALM BEACH SYMPHONY SOCIETY INC PALM 5616552657 700 SOUTH DIXIE HIGHWAY 100 WEST PALM BEACH FL 33401 MR JAMES BORYNACK CHAIR 5616552657 2025-03-17 1 1 WALT MAXWELL P00186333 5617989988 2025-03-03 2023 2025-03-06 01:10:19Z MR JAMES BORYNACK 165 WORTH AVENUE PALM BEACH FL 33480 4879009 0 X HTTP://PALMBEACHSYMPHONY.COM X 1974 FL TO EDUCATE AND NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC. 14 14 14 30 0 0 2777106 3062735 617936 645860 126136 58228 -66804 451324 3454374 4218147 0 0 0 0 1002885 1129167 0 0 725790 2751144 2808753 3754029 3937920 -299655 280227 2728286 3745527 462062 870722 2266224 2874805 X TO EDUCATE AND TO NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC THROUGH THE UTILIZATION OF ITS SYMPHONIC ORCHESTRA. 0 0 2944447 645860 PALM BEACH SYMPHONY CONTINUES ITS REMARKABLE GROWTH UNDER THE VISIONARY LEADERSHIP OF CEO DAVID MCCLYMONT. MUSIC DIRECTOR GERARD SCHWARZ LED INSPIRED PERFORMANCES DURING THE 2023-2024 SEASON, INCLUDING 6 MASTERWORKS CONCERTS SHOWCASING AN ORCHESTRA OF OVER 90 TALENTED MUSICIANS, FURTHER SOLIDIFYING ITS STATURE AS A MAJOR SYMPHONY ORCHESTRA. THIS SEASON, PALM BEACH SYMPHONY ACHIEVED A 25% INCREASE IN MEMBERSHIPS AND SUBSCRIPTIONS, A 50% INCREASE IN INSTRUMENT DONATIONS, AND RECORD-BREAKING ATTENDANCE ACROSS ALL FUNDRAISING EVENTS.THE SYMPHONY ALSO SIGNIFICANTLY EXPANDED ITS EDUCATION AND COMMUNITY OUTREACH PROGRAMS. THROUGH CHILDREN'S CONCERTS, STUDENT COACHING SESSIONS, MASTERCLASSES, INSTRUMENT DONATIONS, AND FREE PUBLIC CONCERTS, THE ORGANIZATION HAS ENGAGED WITH OVER 75,000 STUDENTS TO DATE. THROUGH THE INSTRUMENT DONATION PROGRAM, THE SYMPOHNY DONATED 210 INSTRUMENTS AND 1,025 ACCESSORIES AND PIECES OF EQUIPMENT PLUS AN ADDITIONAL 25 DECOMMISSIONED INSTRUMENTS TO ARTS ORGANIZATIONS THAT WERE TURNED INTO MUSICAL MASTERPIECES. PROVIDED 221 INSTRUCTIONAL CONTACT HOURS, HOSTED 105 COACHING SESSIONS, AND CONNECTED WITH 183 CLASSES OF STUDENTS. THE SYMPHONY REACHED 20,000 BI-WEEKLY THROUGH OUR EDUCATION AND COMMUNITY OUTREACH NEWSLETTER AND AN ADDITIONAL 10,000 PER SOCIAL MEDIA POST. THROUGH LIVE COMMUNITY OUTREACH SERVICES AND PERFORMANCES, THE SYMPHONY ENGAGED 19,422 PEOPLE. THROUGH TELEVISED AIRINGS OF CONCERTS IN SOUTH FLORIDA AND NATIONALLY, THIS POTENTIAL AUDIENCE ENAGEMENT REACH WAS OVER 151,000,000. BY CONTINUING TO INSPIRE AND EDUCATE THROUGH THE POWER OF MUSIC, PALM BEACH SYMPHONY REMAINS AN INTEGRAL PART OF THE PALM BEACH COMMUNITY. 2944447 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 27 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MR JAMES BORYNACK 5616552090 165 WORTH AVENUE PALM BEACH FL 33480 MR JAMES BORYNACK CHAIR 30.00 X X 0 0 0 MR RICHARD BREKUS VICE CHAIR 10.00 X X 0 0 0 MR JOHN D HERRICK TREASURER 10.00 X X 0 0 0 MR DON THOMPSON SECRETARY 10.00 X 0 0 0 MR PAUL GOLDNER DIRECTOR 10.00 X 0 0 0 MS KAREN ROGERS DIRECTOR 10.00 X 0 0 0 MRGARY LACHMAN6123-42824 DIRECTOR 10.00 X 0 0 0 MS CAROL HAYS DIRECTOR 10.00 X 0 0 0 MR TODD DAHLSTROM DIRECTOR 10.00 X 0 0 0 MS LAURIE BAY DIRECTOR 10.00 X 0 0 0 MS CATHLEEN BLACK DIRECTOR 10.00 X 0 0 0 MS MARIETTA M MCNULTY DIRECTOR 10.00 X 0 0 0 MS AMY COLLINS DIRECTOR 10.00 X 0 0 0 MS NANNETTE CASSIDY DIRECTOR 10.00 X 0 0 0 MR DAVID MCCLYMONT CEO 40.00 X 310000 0 16723 MS OLGA VAZQUEZ DIRECTOR OF ARTISTIC OPERA 40.00 X 105994 0 6743 415994 0 23466 2 0 1 0 MIAMI SYMPHONIC ENTERTAINMENT INC 3900 N MIAMI AVE MIAMI FL 33127 CONTRACTED MUSICIANS 923284 LESSINGS HOSPITALITY GROUP 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY/CATERING 356920 MR GERARD SCHWARZ 700 S DIXIE HWY SUITE 100 WEST PALM BEACH FL 33401 MAESTRO 337500 3 65800 588254 336842 2071839 3062735 TICKET SALES 711130 363531 363531 OUTREACH CONCERTS 711130 282329 282329 645860 57827 57827 401 0 401 401 401 1042366 588254 660862 381504 381504 ADVERTISING 541800 63350 63350 MISCELLANEOUS 900099 6470 6470 69820 4218147 645860 0 509552 308777 167849 29981 110947 643338 349713 62466 231159 107277 58315 10416 38546 69775 37929 6775 25071 5131 2789 498 1844 57444 31226 5578 20640 308376 167631 29942 110803 89307 48330 9031 31946 241399 171223 23439 46737 46592 25327 4524 16741 ORCHESTRA & ARTIST FEES 1211539 1178583 17636 15320 CONTRACTED SERVICES 446837 392578 48426 5833 EDUCATION 281888 247593 7296 26999 OTHER EXPENSES 120240 65361 11675 43204 3937920 2944447 267683 725790 240632 597957 1000 500 163512 265116 7245 35582 12839 12839 0 0 2254992 2621136 60905 225236 2728286 3745527 221458 160287 240604 548071 0 162364 462062 870722 X 2146491 2752252 119733 122553 2266224 2874805 2728286 3745527 280227 328354 0 X X 0 1 X 1 0 X 1737559 1766349 2979450 2777106 3289791 12550255 1737559 1766349 2979450 2777106 3289791 12550255 2110533 10439722 23026 33146 48123 47892 57827 210014 69820 69820 12830089 645860 0.81370 0.82510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12839 12839 0 0 RIGHT OF USE - OPERATING LEASE 157205 ASSETS HELD IN TRUST 68031 225236 RIGHT OF USE - OPERATING LEASE CURRENT PORTION 36570 RIGHT OF USE - OPERATING LEASE 125794 162364 X 4555871 328354 9370 337724 4218147 0 4218147 3947290 9370 9370 3937920 0 3937920 PART X, LINE 2: THE SYMPHONY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. THE SYMPHONY HAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MAY 31, 2024 AND 2023. THE SYMPHONY EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE SYMPHONY HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE SYMPHONY'S TAX RETURNS FOR TAX YEARS PRIOR TO 2021 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ANNUAL GALA 996217 498109 498108 256601 230747 HOLLY JOLLY 311289 46500 264789 87477 3 323114 43645 279469 28319 57718 1630620 588254 1042366 284920 375942 660862 381504 X 0 0 0 0 0 0 0 0 0 MR DAVID MCCLYMONT CEO 310000 0 0 0 0 0 0 0 16723 0 326723 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN THE OFFICE BY THE BOARD MEMBERS PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL BOARD MEMBERS AND KEY EMPLOYEES TO SIGN AN ANNUAL DISCLOSURE FORM, AFFIRMING THAT THEY HAVE DISCLOSED ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE MEETS AT THE END OF THE YEAR TO REVIEW THE PAST YEARS FINANCIAL OVERVIEW TO DETERMINE THE EXECUTIVE DIRECTORS SALARY AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS FROM THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE.