Form 990 for tax year 2022
Filed by NORTH CAROLINA SYMPHONY FOUNDATION.
Totals
- Total revenue
- $3,422,969
- Total expenses
- $1,002,384
- Contributions and grants received
- $3,291,380
- Grants paid
- $952,896
- Program service revenue
- $0
- Investment income
- $131,589
- Other revenue
- $0
- Total assets, end of year
- $20,864,565
- Total liabilities, end of year
- $5,250
- Net assets or fund balances, end of year
- $20,859,315
- Program services expenses (Part IX)
- $952,896
- Management and general expenses
- $49,488
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $952,896
Program services were 95.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$3,291,380
-
1g · Noncash contributions included above
$945,073
-
3 · Investment income
total $405,890 · excluded $405,890
-
7a · Gross sales of assets other than inventory
securities $4,948,641
-
7b · Less cost or other basis and sales expenses
securities $5,222,942
-
7c · Gain or loss
securities -$274,301
-
7d · Net gain or loss
total -$274,301 · excluded -$274,301
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $952,896 · program services $952,896
-
11a · Fees: management
total $2,000 · management and general $2,000
-
11c · Fees: accounting
total $20,510 · management and general $20,510
-
11f · Fees: investment management
total $20,929 · management and general $20,929
-
24a · Other expenses: LOSS ON STOCK TRANSFER
total $6,049 · management and general $6,049
Balance sheet
Part X, book values.
-
3 · Pledges and grants receivable
beginning of year $129,002 · end of year $16,630
-
4 · Accounts receivable
beginning of year $105,559 · end of year $45,701
-
11 · Investments: publicly traded securities
beginning of year $15,434,560 · end of year $19,653,377
-
15 · Other assets
beginning of year $1,324,037 · end of year $1,148,857
-
25 · Other liabilities
beginning of year $117,824 · end of year $5,250
-
27 · Net assets without donor restrictions
beginning of year $255,638 · end of year $1,325,482
-
28 · Net assets with donor restrictions
beginning of year $16,619,696 · end of year $19,533,833
Mission and programs · 2022
Mission
TO RECEIVE AND HOLD THE ENDOWMENT OF THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO THE ENDOWMENT, SAFEGUARD ASSETS, AND EXPEND FUNDS FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY.
Activities or mission (Part I)
TO PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY AND TO SOLICIT ADDITIONS TO ITS ENDOWMENT.
-
PROVIDE SUPPORT TO THE NORTH CAROLINA SYMPHONY SOCIETY, INC. (THE "SOCIETY"), SOLICIT ADDITIONS TO ITS ENDOWMENT, SAFEGUARD ENDOWMENT ASSETS IN A MANNER CONSISTENT WITH THE PRUDENT INVESTMENT OF ENDOWMENT FUNDS, AND EXPEND INCOME AND CAPITAL FOR THE EXCLUSIVE USE AND BENEFIT OF THE SOCIETY.
Expenses $952,896 · Grants $952,896
As filed on the 2022 return.
Listed in Part VII
-
MR CHIP ANDERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
MR LARRY WILSON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
MS DIANNE C SELLERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
COL MATT SEGAL
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
MS CATHARINE BIGGS ARROWOOD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JOE BASTIAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
MR RICHARD L DAUGHERTY DICK
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DR WARNER L HALL
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR WM CHARLES HELTON
MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
MR WILLIAM LEE HODGES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR D S STEVE HODGES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR TED R KUNSTLING
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR EMILY MANN PECK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR THOMAS H ROBERG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR SHALER STIDHAM JR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SANDI MA MACDONALD
PRESIDENT & CEO
- Total calculated
- $388,451
- From this org
- $0
- From related orgs
- $357,244
- Other
- $31,207
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $278,415 related
- Bonus
- $0 + $78,750 related
- Other
- $0 + $79 related
- Deferred
- $0 + $5,645 related
- Nontaxable benefits
- $0 + $25,562 related
- Filer's total
- $0 + $388,451 related
-
ROBERT SCHILLER
SR. VP FINANCE & CFO
- Total calculated
- $184,761
- From this org
- $0
- From related orgs
- $177,636
- Other
- $7,125
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $177,584 related
- Bonus
- $0
- Other
- $0 + $52 related
- Deferred
- $0 + $3,609 related
- Nontaxable benefits
- $0 + $3,516 related
- Filer's total
- $0 + $184,761 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY NORTH CAROLINA SYMPHONY SOCIETY, INC., THE ORGANIZATION'S RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE SYMPHONY SOCIETY. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY NORTH CAROLINA SYMPHONY SOCIETY, INC.: INDUSTRY SALARY SURVEYS ARE USED TO DETERMINE SALARIES, AND COMPENSATION WAS ESTABLISHED BY AN INDEPENDENT CONSULTANT. CEO AND MUSIC DIRECTOR SALARIES ARE REVIEWED AND APPROVED BY A COMMITTEE OF THE BOARD. THE COMPENSATION ARRANGEMENT IS DOCUMENTED WHEN DECIDED BY THE BOARD OF TRUSTEES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
TO SUPPORT STATEWIDE SERVICE AND MUSIC EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NORTH CAROLINA SYMPHONY SOCIETY INC
501(C)(3) · STATEWIDE SERVICE AND MUSIC EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441019349301204
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