2025-07-14T10:46:00-07:00 2024-08-31 990 2023-09-01 042103550 BOSTON SYMPHONY ORCHESTRA INC BOST 6172661492 301 Massachusetts Avenue Boston MA 02115 Chad Smith President and CEO 6176389211 2025-07-14 1 2023 2025-03-06 01:10:19Z Chad Smith 301 Massachusetts Avenue Boston MA 02115 172004860 0 X www.bso.org X 1918 MA The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to the making of music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 43 43 949 1043 1991784 772636 35595865 37094136 38758750 46687116 12808474 25818883 6066003 7490832 93229092 117090967 0 40000 0 0 56691928 63941333 255220 372643 7238588 53689537 59370134 110636685 123724110 -17407593 -6633143 653461654 680310474 66374064 61931986 587087590 618378488 The mission of the Boston Symphony Orchestra (BSO) is to foster and maintain an organization dedicated to making music consonant with the highest aspirations of the musical art, creating performances and providing educational and training programs at the highest level of excellence. 0 0 78309968 0 45530363 Orchestral Music Programs: Internationally recognized as one of the finest orchestras, the BSO is one of the largest orchestral organizations in the world as measured by scope of its operations. Within the U.S., it is the fourth-largest performing arts institution. Between October 5, 2023, and May 4, 2024, the Boston Symphony Orchestra gave more than 80 concerts in Symphony Hall for 159,787 audience members that included BSO commissions, overlooked works from the past, and central works of the classical canon, speaking to the breadth of human experience. Soloists included Yo-Yo Ma, Aaron Diehl, Yefim Bronfman, Paul Lewis, Yuja Wang, and Hilary Hahn as well as diverse rising stars who included saxophonist Steven Banks, tenor Lawrence Brownlee, Sphinx award winning violinist Randall Goosby, Venezuelan conductor Domingo Hindoyan, and Korean pianists Seong-Jin Cho and 19-year-old Yunchan Lim, the youngest winner of the Van Cliburn International Piano prize. The BSO elevated important living composers including Carlos Simon, Roberto Sierra, Tania León, Elena Langer, Iman Habibi, James Lee III, Hannah Kendall, and Anna Thorvaldsdottir with works that explored climate change and struggles for social justice in the U.S. and abroad. Highlights included Paul Lewis performing all five Beethoven's piano concertos in a three-day marathon; Yo-Yo Ma gave all-out performances of Shostakovich's Cello concerto No. 1 and No 2, and the BSO completed its ten-year investigation of Shostakovich's major works with an acclaimed concert performance of his opera Lady Macbeth of Mtsensk in Boston and at Carnegie Hall, and the BSO gave a memorial tribute to jazz great Wayne Shorter, which the Boston Globe called "one of the most unforgettable, extraordinary, and joyous BSO concerts I have ever experienced." Throughout the year, the BSO celebrated Serge Koussevitzky and his enduring legacy as the former Music Director of the orchestra. Boston Pops concerts offered a wide range of musical expressions from sold out celebrations of John Williams to Gospel, Broadway, music of Queen, its first Pride celebration, and a commemoration in music and archival photos and videos of the final months of World War II in a program that was broadcast in November on many PBS stations. Attendance at the ever-popular Holiday Pops concerts grew 22% from the year before with 92,876 people attending 39 performances. Tanglewood's natural beauty once again created an extraordinary backdrop for experiencing music drawing 328,000 people from around the country and across the globe. Highlights included all-Beethoven and all-Strauss programs, a performance with dancers from Boston Ballet, the return of Yo-Yo Ma, Yuja Wang, Renée Fleming, Paul Lewis, and Emanuel Ax. Gustavo Dudamel led the National Children's Symphony of Venezuela and the baroque ensemble Les Arts Florissants performed. Jon Batiste, Brandi Carlisle, James Taylor, and Kool & the Gang were among the Popular Artist performers. 3696470 40000 476491 Education and community programs are integral to the BSO's mission. In Boston: 3,700 high school students attended one of the BSO's High School Open Rehearsals, giving them and their teachers a rare opportunity to watch as a work-in-progress became a work of art, exposing students to a powerful artistic experience. Symphony Hall was bursting with students during an open rehearsal where Yo-Yo Ma performed Shostakovich's Cello Concerto No. 1 and No. 2. The BSO's three Youth Concerts engaged 5,533 third - ninth grade students from Boston and well beyond. The orchestra performed excerpts by Beethoven, Tchaikovsky, and William Grant Still as Conductor Thomas Wilkins talked about friendship, and the importance of listening and of being heard. The students felt his warmth radiate from the stage as he communicated, "this music is for you. This orchestra is here for you." They responded in kind. Each concert ended with a rousing standing ovation. To honor veterans, the Boston Pops gave a free Holiday Pops Military Preview performance for more than 2,000 veterans, their families, and active service members, filling the Hall with a joy and sending a powerful message of appreciation for these men and women. This realization of one of Keith Lockhart's dreams will become an annual offering. The Pops gave a Holiday Pops performance for people with autism and those who care for them. The BSO made many accommodations to welcome this population so they and their loved one could share a quintessential New England tradition as a family. Musicians of the Boston Pops brought holiday cheer to patients at Boston Children's Hospital. 1,360 people from across Boston gathered as Symphony Hall opened its doors for a free Concert for the City that began with a celebration of local musicians performing before the concert and a performance by Boston Symphony Orchestra led by Andris Nelsons, Keith Lockhart, Thomas Wilkins, and James Burton-highlighting the orchestra's range and skill. The BSO forged connections with Boston Arts Academy, Project STEP, the Greater Roxbury Arts and Cultural Center, and in the Berkshires with Multi-Cultural Bridge, Kid 4 Harmony, and Latina413 and continued to work with Boston Public Schools and the Berkshires Superintendents Roundtable. Throughout the year, approximately 20,000 children, high school and college students, adults under the age of 40, veterans, MA public school teachers, health care workers, and people who are eligible for public benefits were able to attend concerts thanks to free and discounted tickets. At Tanglewood:Founded in 1940, the Tanglewood Music Center (TMC), the BSO's summer music academy welcome 133 Fellows from 31 U.S. states including Puerto Rico and 17 countries. During eight weeks, the TMC Fellows benefitted from coaching by 108 instructors who were BSO players, visiting artists, and TMC faculty as they prepared for more than 30 chamber and orchestra concerts. TMC Orchestra concerts were conducted by Andris Nelsons, Dima Slobodeniouk, Alan Gilbert, and Stefan Asbury. The two Conducting Fellows stepped in when Hannu Lintu canceled his appearance with the TMC Orchestra on August 19 due to an injury. In summer 2024, the Tanglewood Learning Institute (TLI) presented 39 programs last summer and three community concerts during the fall/winter/spring. These programs created opportunities for people to discover and connect with various artforms and to discover a sense of belonging at Tanglewood. Summer programs included a new series that brought families with young children to Tanglewood for an arts-rich experience that was offered in partnership with Norman Rockwell Museum and WBUR's Circle Round. TLI also programmed a new six-part series: The Art of Conducting where audiences gained an inside look at how conductors think about and teach their craft. Conductors Andris Nelsons, Dima Slobodeniouk, and Thomas Wilkins one worked closely with the two TMC conducting Fellows giving immediate and hands-on guidance on how to communicate clearly to a small ensemble of TMC musicians. In TLI's series of open master classes, audiences saw how musicians at the top of their form share their knowledge with a new generation. Talks with guest artists illuminated their creative process and their approach to the repertoire they were preparing to perform. Other offerings included a look at cabaret, and programs that probed in music what it means to be an American performed by Johnny Gandelsman, Jeremy Denk, and Nicholas Phan. The Spotlight Series brought Henry Louis Gates, poet Tracy K. Smith, and technology writer David Pogue to Lenox for compelling conversations. 2,475 people enjoyed Tanglewood's Family Concert conducted by Thomas Wilkins. Nearly 10,000 youth under age 18 attended concerts for free and 2,000 people enjoyed free events such as Berkshire Night. 17070123 0 3649088 The BSO's two main properties, Symphony Hall and Tanglewood, have long and significant histories and attract visitors from near and far. Symphony Hall's acoustic qualities have earned it a place among the top concert auditoriums in the world, a fact underscored by the Hall's 1999 designation as a National Historic Landmark. Symphony Hall resonates with more than a century of performances by key artists. It is also a key performance venue for a number of other ensembles and presenters, including the Handel and Haydn Society, the Celebrity Series of Boston, Boston Speakers Series, and the Boston Youth Symphony Orchestra. The Hall seats 2,625. The organization spent $2.2 million in maintenance projects at Symphony Hall. Located in the Berkshire hills of Lenox, Massachusetts and established in 1936 by then-Music Director Serge Koussevitzky, Tanglewood is the summer home of the BSO. Its performance venues-Koussevitzky Music Shed, Seiji Ozawa Concert Hall, and Linde Center-and 80 ancillary buildings are located on 425 pastoral acres. Built in 1938, the Koussevitzky Music Shed is a seasonal hall open on three sides with 5,121 seats and can seat an additional 12,000 on the surrounding lawn. Opened in 1994, Seiji Ozawa Hall is a brick and wood structure that provides a more intimate concert experience and is often used for chamber concerts and for performances by the Tanglewood Music Center. It seats 750 audience members on the orchestra level and 450 in the two balconies, as well as hundreds more on the lawn. The BSO invested approximately $2.9m maintaining Tanglewood including maintenance of support buildings and landscaping and grounds maintenance. Rentals: When not being used by the orchestra, the BSO rents its facilities at Tanglewood and Symphony Hall to others including Celebrity Series, Handel and Haydn Society, Boston Speakers Series, to name a few. Local high schools and Berkshire Community College use the Koussevitzky Shed for graduations and community groups, including the Stockbridge Library and Austin Riggs use Tanglewood's Linde Center during the fall, winter, and spring. 4822 0 220560 The BSO's music is shared with several hundred thousand through recordings, television, radio and online broadcasts. Every Saturday evening, Classical Radio Boston (a subsidiary of GBH public broadcasting) broadcasts a BSO concert. These concerts are available to stream via the GBH website for a month after they are aired. During Tanglewood, CRB-Classical and WAMC Northeast Public Radio broadcast BSO Friday and Saturday evening performances, and Sunday afternoon concerts reaching audiences across seven mid-Atlantic and New England states and WMHT (public radio out of Schenectady, NY) conducted almost weekly interviews about upcoming musical events at Tanglewood. 39505 0 -1833 The BSO operated its Symphony Hall retail operations during concert days and its Tanglewood retail shops in summer 2024. 44327 0 218727 99120888 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 482 0 1 949 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 43 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA NJ NY X Katherine Decelles 6176389215 301 Massachusetts Avenue Boston MA 02115 X Gail Samuel Former President and CEO 0 0 X 1706083 0 11112 Jeffrey Dunn Former President & CEO 0 0 X 561491 0 39497 Maureen Flores Chief Development Officer 40 0 X 410826 0 41207 Chad Smith President & Chief Executive Officer 50 1 X 368806 0 5843 John A Ferrillo Jr Principal Oboe 40 1 X 338377 0 33324 Alexander Velinzon Associate Concertmaster 40 0 X 333147 0 36857 Toby Oft Principal Trombone 40 1 X 305176 0 55868 Richard Sebring Principal Horn 40 1 X 320184 0 33477 Timothy Genis Timpani 40 1 X 346655 0 1650 Katherine Decelles Clerk of the Board (until April 2024) 40 1 X 213174 0 19129 Paul Eric Krauss Chief Financial Officer 40 1 X 71104 0 11126 Noubar Afeyan Trustee 2 0 X 0 0 0 David Altshuler Trustee 2 0 X 0 0 0 Holly Ambler Trustee 2 0 X 0 0 0 William N Booth Trustee 2 0 X 0 0 0 Gregory E Bulger Trustee 2 0 X 0 0 0 Ronald G Casty Trustee 2 0 X 0 0 0 Susan Bredhoff Cohen Trustee 2 0 X 0 0 0 Richard F Connolly Jr Trustee 2 0 X 0 0 0 Angela Q Crispi Trustee 2 0 X 0 0 0 William Curry MD Trustee 2 0 X 0 0 0 Phillip J Edmundson Trustee 2 0 X 0 0 0 Thomas E Faust Jr Trustee 2 0 X 0 0 0 Todd R Golub Trustee 2 0 X 0 0 0 Michael Gordon Trustee 2 0 X 0 0 0 Reverend Dr Ray Hammond Trustee 2 0 X 0 0 0 Nathan Hayward III Trustee 2 0 X 0 0 0 Ricki Tigert Helfer Trustee 2 0 X 0 0 0 Brent L Henry Trustee 2 0 X 0 0 0 Albert A Holman III Trustee 2 0 X 0 0 0 Barbara W Hostetter Chair 2 0 X X 0 0 0 David C Howse Trustee 2 0 X 0 0 0 Giselle J Joffre Trustee 2 0 X 0 0 0 Stephen W Kidder Trustee 2 0 X 0 0 0 Tom Kuo Trustee 2 0 X 0 0 0 Jeffrey Leiden MD PhD Trustee 2 0 X 0 0 0 Joyce G Linde Trustee (until March 2024) 2 0 X 0 0 0 John M Loder Vice Chair 2 0 X X 0 0 0 Nancy K Lubin Trustee 2 0 X 0 0 0 Joshua A Lutzker Treasurer 2 0 X X 0 0 0 Pamela L Peedin Trustee 2 0 X 0 0 0 Steven R Perles Trustee 2 0 X 0 0 0 Lina S Plantilla MD Trustee 2 0 X 0 0 0 Andrew S Plump Trustee 2 0 X 0 0 0 Wendy Shattuck Trustee 2 0 X 0 0 0 Nicole M Stata Trustee 2 0 X 0 0 0 Theresa M Stone Trustee 2 0 X 0 0 0 Caroline Taylor Trustee 2 0 X 0 0 0 Dr Christoph Westphal Trustee 2 0 X 0 0 0 D Brooks Zug Trustee 2 0 X 0 0 0 Blair Trippe Trustee, ex-officio 2 0 X 0 0 0 Ted Berk Trustee, ex-officio 2 0 X 0 0 0 Lynn A Dale Trustee 2 0 X 0 0 0 Sean C Rush Trustee 2 0 X 0 0 0 M Lee Pelton Trustee 2 0 X 0 0 0 4975023 0 289090 142 1 1 0 Norbella Inc 46 Plympton Street 3rd Floor Boston MA 02118 Media strategy 2304962 Tisbury Tours Inc 360 Hamilton Avenue 100 White Plains NY 10601 Concert performances 1247955 Boston Gourmet Management 301 Massachusetts Avenue Boston MA 02115 Food services 1298099 Travtours Inc 71-703 Highway 111 Suite 2e Rancho Mirage CA 92270 Travel services 1374209 Andris Nelsons Konzertdirektion Schmid 40 St Martins Lane London UK WC2N 4E Services of A. Nelsons 1730000 74 0 0 2160360 0 310000 34623776 6021514 37094136 Concerts & tours 900099 45530363 45530363 0 0 Education 900099 476491 476491 0 0 Program advertising 900099 352902 0 352902 0 Parking 900099 106800 0 0 106800 Electronic media 900099 220560 220560 0 0 0 0 0 0 46687116 5430034 0 934145 4495889 0 0 0 0 72250 0 0 72250 7663119 31609 1856701 0 5806418 31609 5838027 3649088 0 2188939 71850588 0 51461739 0 20388849 0 20388849 0 25629 20363220 366982 2160360 1307420 -940438 0 -940438 0 0 0 0 0 0 965308 288033 677275 -1833 679108 0 Food & beverage 900099 1193661 0 0 1193661 Other income 900099 650057 0 0 650057 0 0 0 0 1843718 117090967 49874669 1991784 28130378 X 40000 40000 0 0 0 0 0 0 2428177 1237681 577432 613064 0 0 0 0 48751875 41188971 4145169 3417735 4134367 3244115 716390 173862 5048078 3781024 774223 492831 3578836 2897694 390933 290209 94415 31045 36803 26567 256971 23655 233316 0 223307 0 223307 0 97096 0 0 97096 372643 372643 1666771 1666771 0 0 21407357 19383726 1701613 322018 4064334 4029861 640 33833 1827584 672061 845251 310272 2950806 176120 2752531 22155 181338 181338 0 0 9076585 6448549 2576543 51493 5270472 4877330 122103 271039 0 0 0 0 47531 31164 12374 3993 281115 1467 279648 0 0 0 0 0 4927914 4037990 553489 336435 845903 0 845903 0 Concert production expenses 2743540 2475990 31715 235835 Credit card fees 1381934 1228081 728 153125 2025161 1466255 544523 14383 123724110 99120888 17364634 7238588 9084632 39043116 52029648 12049739 6885721 8772685 6273702 5800673 567698 847721 4056160 3302735 190659953 125585657 69051782 65074296 52737559 59837406 411090269 442204458 41684483 43377645 653461654 680310474 12169797 13262422 12064305 9270770 10000000 10000000 32139962 29398794 66374064 61931986 X 115514891 109089206 471572699 509289282 587087590 618378488 653461654 680310474 X -6633143 35882751 0 0 0 2041290 X 0 1 X 1 0 X 49260675 39371221 49379236 35595865 37094136 210701133 0 0 0 0 0 0 49260675 39371221 49379236 35595865 37094136 210701133 19183004 191518129 5950506 5900450 4363193 6581912 8613779 31409840 0 45406 914751 70953 773636 1804746 0 0 0 0 243915719 156712154 0.78518 0.79685 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 97096 0 0 97096 0 Schedule C, Part II-B, Line 1 The BSO's lobbying activities addressed issues such as federal and state funding and proposed legislation related to historical preservation, tourism, transportation, infrastructure and education in the context of the arts and nonprofit organizations. A small allocation of the salary of one employee and a service contract to engage in lobbying activities on the issues noted above is included in the amount reported. 495009000 8716000 59333000 0 26907000 0 536151000 484000000 11645000 26301000 0 26937000 0 495009000 576304000 6070000 -73556000 0 24818000 0 484000000 478096000 6858000 116358000 0 25008000 0 576304000 455898000 8984000 46131000 0 32917000 0 478096000 0.11 0.42 0.47 1 1 1 0 18105585 18105585 0 124694515 88547867 36146648 0 0 0 0 0 47859853 37037790 10822063 0 0 0 0 65074296 0 0 Marketable alternatives 314041766 F Illiquid equities 102644004 F Real estate 7309585 F Real assets 10218316 F Investment in 263 Realty Corp & HALP 7990787 F 442204458 Assets held by others 34108833 Assets of split-interest agreements 9268812 43377645 0 Accrued liability for pension & post-retirement 29398794 29398794 X 153374940 35882751 525279 0 -52739 36355291 117019649 1666771 -1595453 71318 117090967 124178072 525279 0 0 1595454 2120733 122057339 1666771 0 1666771 123724110 Schedule D, Part V, Line 4 The purpose of the endowment is to provide enduring support for the mission of the Orchestra by releasing a substantial and reliable flow of funds to the operating budget. The income earned on the Orchestra's endowment assets may be used for general or donor-restricted purposes and is recorded as net assets without donor restriction or net assets with donor restriction, as appropriate. Schedule D, Part VII, Line 3 The investment in 263 HA Limited Partnership is valued at net cost plus accumulated earnings reduced by the distribution to the BSO. Schedule D, Part X, Line 2 The Orchestra accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold for the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probabilty assessment" that aggregates the estimated tax liability for all uncertain tax positions. The Orchestra has identified its tax status as a tax exempt entity and its determinations relative to income that is considered related and unrelated as its only significant tax positions, however, the Orchestra has determined that such tax positions do not result in an uncertainty requiring recognition. The Orchestra is not currently under examination by any taxing jurisdiction. It's federal and state income tax returns are generally open for examination for three years following the date filed. Schedule D, Part XI, Line 2d Change in value of split interest agreements Schedule D, Part XI, Line 4b $288,033 represents cost of good sold and $1,307,420 represents direct fundraising event expenses Schedule D, Part XII, Line 2d $288,034 represents cost of good sold and $1,307,420 represents direct fundraising event expenses Central America and the Caribbean 0 0 Investments 189434722 Europe (including Iceland and Greenland) 0 0 Investments 20129955 0 0 209564677 1 0 1 1 1 0 X X X X X X X 1 Allegiance Fundraising LLC 3064 49th St S Fargo ND 58104 Direct mail campaigns 0 2999392 149140 2850252 DCM Inc 244 Fifth Avenue Suite M223 New York NY 10001 Telefrundraising 0 306460 223502 82958 3305852 372642 2933210 AK AL AR CA CO CT FL GA HI IL KS MA MD ME MN MO MS NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV Spring Gala 1087711 1011006 76705 0 0 0 129743 151541 293187 Tanglewood Gala 677100 518448 158652 0 0 0 137023 0 150044 2 762532 630906 131626 0 0 0 180893 104878 160112 2527343 2160360 366983 0 0 0 447659 256419 603343 1307421 -940438 1 Project STEP 301 Massachusetts Avenue Boston MA 02115 222505816 501(c)(3) 40000 0 To support high-quality music education and training programs. 1 0 Schedule I, Part I, Line 2 Grantees are required to submit annual reports on the use of grant funds and provide a copy of their Audited Financial Statements for the period covered by the grant. X X 1 1 X X X X X X 1 0 0 0 0 0 0 1 1 1 Gail Samuel Former President and CEO 33527 0 0 0 1672556 0 0 0 11112 0 1717195 0 0 0 Chad Smith President & Chief Executive Officer 274345 0 92120 0 2342 0 0 0 5843 0 374650 0 0 0 Jeffrey Dunn Former President & CEO 530769 0 0 0 30721 0 9900 0 29597 0 600987 0 0 0 Maureen Flores Chief Development Officer 407192 0 0 0 3634 0 9900 0 31307 0 452033 0 0 0 John A Ferrillo Jr Principal Oboe 338377 0 0 0 0 0 0 0 33324 0 371701 0 0 0 Timothy Genis Timpani 346655 0 0 0 0 0 0 0 1650 0 348305 0 0 0 Toby Oft Principal Trombone 305176 0 0 0 0 0 14339 0 41529 0 361044 0 0 0 Alexander Velinzon Associate Concertmaster 318209 0 11400 0 3537 0 1250 0 35607 0 370003 0 0 0 Richard Sebring Principal Horn 320184 0 0 0 0 0 0 0 33477 0 353661 0 0 0 Katherine Decelles Clerk of the Board (until April 2024) 207138 0 5000 0 1036 0 6318 0 12812 0 232304 0 0 0 Paul Eric Krauss Chief Financial Officer 70994 0 0 0 109 0 0 0 11126 0 82229 0 0 0 Schedule J, Part I, Line 1a In connection with the business needs of the Boston Symphony Orchestra, Inc. (the Orchestra) charter travel is used when transporting large number of personnel in connection with the Orchestra's touring. As a general rule, the BSO does not provide first class travel for employees. Housing for the President and CEO is provided during the summer for the convenience of the BSO in connection with the Orchestra's activities away from Boston at Tanglewood and is not considered taxable. The housing benefit of $28,000 is included in Schedule J, Part II, column D. Schedule J, Part I, Line 4 The compensation reported for Gail Samuel, former President and CEO, for calendar year 2023, includes base compensation of $33,527. Other reportable compensation includes: 1) severance of $1,550,000, 2) $99,953 representing a payout of accrued vacation, 3) contributions of $22,500 made by Ms. Samuel into a 457(b) plan and $103 of other taxable fringe benefits. Schedule J, Part I, Line 7 The amounts reported for the President and CEO on Schedule J, Part II, column B(ii) are fixed payments. Amounts reported for other individuals on Schedule J, Part II, column B(ii) include non-fixed payments representing performance based compensation. Schedule J, Part I, Line 8 Compensation reported in Part VII, Section A paid to President and CEO Chad Smith were subject to the initial contract exception described in Regulations section 53.4958-4(a)(3). Nonetheless, the Orchestra followed the rebuttable presumption procedures described in Regulations section 53.4958(c) X 79 5921499 Fair market value X 1 100015 Fair market value X 1 0 N/A 2 0 1 0 Schedule M, Part I, Line 8 Column B responses represent the number of contributions Form 990, Part I, Line 6 Volunteers comprise 796 members of the Boston Symphony Association of Volunteers (BSAV) who provide a variety of services both at Symphony Hall and Tanglewood, 43 voting trustees and 204 non-voting members of the governing board. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared by BSO management and reviewed by a paid preparer. The complete 990 is then reviewed by the Audit, Risk and Compliance Committee of the Board of Trustees. The Audit, Risk and Compliance Committee reviews each section and schedule of the 990, focusing on key changes and substantive disclosures. Subsequent to this review, a copy of the final draft 990, which is the version to be filed with the IRS, is placed in a password-protected website for all members of the Board of Trustees to review in advance of their next board meeting. All members of the Board of Trustees receive an email notifying them that the Form 990 is available for review on the site. The final 990 is signed by the Chief Financial Officer or President and CEO and paid preparer. Form 990, Part VI, Section B, Line 12c The Boston Symphony Orchestra has a Conflict of Interest Policy. The policy requires that Trustees, Officers and members of a committee with board-delegated powers disclose the existence of any potential or actual conflicts of interest to the Board or to the Executive Committee. The Board or Executive Committee then discusses and votes to determine whether an actual conflict of interest exists. If a conflict exists, the Board or Executive Committee evaluates the particular transaction or arrangement to determine the most reasonable course of action. The individual who disclosed the conflict must leave the Board or Executive Committee meeting during the discussion of, and vote on, the transaction or arrangement that results in the conflict of interest. Additionally, the policy also requires any staff member that has information about a possible conflict, to report the matter, promptly, to their supervisor, the Chief Human Resources Officer or Chief Financial Officer. The Director of Human Resources and the Chief Financial Officer will review the circumstances of the possible conflict with other appropriate management to make the determination about the most reasonable course of action. A breach of the conflict of interest policy is grounds for disciplinary action, up to and including termination. Additionally, on an annual basis, all Trustees, Officers, or members of a committee with board delegated powers are provided with a copy of the policy and must sign a statement affirming that they have received, read and understand the policy; they must also affirm that they agree to comply with the policy. As part of this Annual Notice of Policy, each individual is required to disclose any potential or actual conflicts of interest in writing. All responses indicating a potential or actual conflict are subject to review by the Board or Executive Committee as described above. Form 990, Part VI, Section B, Line 15 The BSO has a designated Compensation Committee, comprised of trustees of the BSO, which sets the process for determining and approving compensation for officers and key employees. The compensation Committee's process includes: (a) development and consideration of comparability data to provide the bases for the Committee's decisions and (b) consideration of (i) applicable accounting and disclosure rules, (ii) emerging trends in corporate governance, and (iii) standards and guidelines promulgated by the Division of Public Charities of the Massachusetts Office of the Attorney General (collectively, the "Compensation Process"). Deliberations of the Compensation Committee in connection with the Compensation Process are contemporaneously documented. When evaluating officers and key employees, the Compensation Committee carefully considers the following factors: (i) duties and responsibilities, (ii) background and experience, (iii) dedication, commitment and work schedule, (iv) leadership, management and professional skills, (v) overall performance and standing, (vi) BSO' salary scale of employees generally, and (vii) the BSO's annual budget. The Compensation Committee's most recent review of officer and key employee compensation occurred in 2023. Form 990, Part VI, Section C, Line 19 The Boston Symphony Orchestra's audited financial statements, conflict of interest policy and other governing documents are available up on request. Form 990, Part VII, Section A, Line 1b Compensation reported is based on the calendar year 2023 amounts. Form 990, Part VII, Section B, Line 1(C) Compensation reported is based on the calendar year 2023 amounts. Form 990, Part IX, Line 11g Comprised of $18,045,912 of artistic and concert related fees and $3,361,445 of consulting services. Form 990, Part XI, Line 9 Other changes in net assets or fund balances of $2,041,290 is comprised of the change in value of split interest agreements of ($52,739) and retirement plan-related credits, other than net periodic benefit costs of $2,094,029. Boston 4 Celebrations Foundation Inc 301 Massachusetts Avenue Boston MA 02115 043311403 Provide for public celebration on July 4th MA 501 (c) (3) II Boston Symphony Orchestra Inc 1 263 HA Limited Partnership 301 Massachusetts Avenue Boston MA 02115 Real Estate MA 263 Realty Corporation Excluded 2270891 10000387 0 0 0.99 263 Realty Corporation 301 Massachusetts Avenue Boston MA 02115 043252433 Real Esatate MA Boston Symphony C 22938 53837 1 1 Trust 301 Massachusetts Avenue Boston MA 02115 Trust MA Boston Symphony T 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 263 HA Limited Partnership k 352201 Fair market value 263 HA Limited Partnership s 1606404 Actual partnership distribution Boston 4 Celebrations Foundation Inc d 986102 Book amount The Boston Symphony Orchestra, Inc requested and receive dapproval for an automatic six month extension.