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Nonprofiteer
← NORTH CAROLINA SYMPHONY FOUNDATION

Form 990 for tax year 2024

Filed by NORTH CAROLINA SYMPHONY FOUNDATION.

Totals

Total revenue
$3,024,042
Total expenses
$1,204,062
Contributions and grants received
$1,999,433
Grants paid
$1,161,608
Program service revenue
$0
Investment income
$1,024,609
Other revenue
$0
Total assets, end of year
$27,394,587
Total liabilities, end of year
$7,350
Net assets or fund balances, end of year
$27,387,237
Program services expenses (Part IX)
$1,161,608
Management and general expenses
$42,454
Fundraising expenses
$0
Program service expenses (Part III)
$1,161,608

Program services were 96.5% 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

    $1,999,433

  • 1g · Noncash contributions included above

    $1,032,340

  • 3 · Investment income

    total $510,090 · excluded $510,090

  • 7a · Gross sales of assets other than inventory

    securities $5,532,299

  • 7b · Less cost or other basis and sales expenses

    securities $5,017,780

  • 7c · Gain or loss

    securities $514,519

  • 7d · Net gain or loss

    total $514,519 · excluded $514,519

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,161,608 · program services $1,161,608

  • 11a · Fees: management

    total $2,000 · management and general $2,000

  • 11c · Fees: accounting

    total $14,671 · management and general $14,671

  • 11f · Fees: investment management

    total $25,783 · management and general $25,783

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $641,335 · end of year $1,147,030

  • 3 · Pledges and grants receivable

    beginning of year $170,633 · end of year $810,319

  • 4 · Accounts receivable

    beginning of year $70,088 · end of year $24,236

  • 11 · Investments: publicly traded securities

    beginning of year $5,803,699 · end of year $4,589,783

  • 12 · Investments: other securities

    beginning of year $16,395,286 · end of year $19,681,787

  • 15 · Other assets

    beginning of year $1,119,385 · end of year $1,141,432

  • 25 · Other liabilities

    beginning of year $6,826 · end of year $7,350

  • 27 · Net assets without donor restrictions

    beginning of year $2,565,356 · end of year $2,313,867

  • 28 · Net assets with donor restrictions

    beginning of year $21,628,244 · end of year $25,073,370

Mission and programs · 2024

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 $1,161,608 · Grants $1,161,608

As filed on the 2024 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 JOSEPH C BASTIAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MR RICHARD DICK L DAUGHERTY

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR WILLIAM LEE BILL 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

  • MR ROBERT LOWETH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR EMILY MANN PECK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR SHALER STIDHAM JR

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SCHILLER

    SR. VP, FINANCE & CFO

    Total calculated
    $243,810
    From this org
    $0
    From related orgs
    $238,928
    Other
    $4,882
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,068 related
    Bonus
    $0 + $29,808 related
    Other
    $0 + $5,052 related
    Deferred
    $0 + $4,216 related
    Nontaxable benefits
    $0 + $666 related
    Filer's total
    $0 + $243,810 related

  • SANDI MA MACDONALD

    PRESIDENT & CEO

    Total calculated
    $435,502
    From this org
    $0
    From related orgs
    $400,332
    Other
    $35,170
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,060 related
    Bonus
    $0 + $85,000 related
    Other
    $0 + $272 related
    Deferred
    $0 + $6,445 related
    Nontaxable benefits
    $0 + $28,725 related
    Filer's total
    $0 + $435,502 related

  • ELIZABETH RANSOM

    VP, PHILANTHROPY

    Total calculated
    $193,692
    From this org
    $0
    From related orgs
    $178,716
    Other
    $14,976
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,137 related
    Bonus
    $0 + $22,527 related
    Other
    $0 + $52 related
    Deferred
    $0 + $3,186 related
    Nontaxable benefits
    $0 + $11,790 related
    Filer's total
    $0 + $193,692 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 SOCIETY), THE ORGANIZATION'S SUPPORTED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE SYMPHONY SOCIETY. THE SOCIETY USES THE FOLLOWING METHODS TO ESTABLISH THE PRESIDENT & CEO'S COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 March 2026
IRS schema version
2024v5.5
Source object
202600639349301010

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