2024-07-09T14:58:34-07:00 2023-08-31 990 2022-09-01 042103550 BOSTON SYMPHONY ORCHESTRA INC BOST 6172661492 301 Massachusetts Avenue Boston MA 02115 Paul Eric Krauss Chief Financial Officer 6176389211 2024-07-10 Paul Eric Krauss 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Chad Smith 301 Massachusetts Avenue Boston MA 02115 239334755 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 1008 1019161 69953 49379239 35595865 33505370 38758750 25265190 12808474 7888389 6066003 116038188 93229092 0 0 0 0 47837825 56691928 302272 255220 5673027 50434162 53689537 98574259 110636685 17463929 -17407593 654476272 653461654 72730268 66374064 581746004 587087590 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 69205027 0 37413622 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 the scope of its operations. Within the U.S., it is the fourth-largest performing arts institution. Between September 22, 2022 - May 6, 2023, the Boston Symphony Orchestra performed 91 concerts in Symphony Hall for more than 142,521 audience members. The BSO performed works by Mahler, Beethoven, Britten, Mozart, and Ravel and highlighted under-represented composers including Samuel Coleridge Taylor, William Grant Still, William Dawson, Margaret Bonds, and Lilli Boulanger. Programming spoke to timeless themes: the struggle for social justice and the human cost of war. In a continuation of the orchestra's extended exploration of Shostakovich, the BSO performed both of his piano concertos with Yuja Wang and his Symphony No. 13 Babi Yar, which was the last of BSO's multi-year effort to record all of Shostakovich's symphonies. Diversity on stage was found in guest conductors, soloists, and composers. Among the Black, Indigenous, People of Color (BIPOC) artists who had BSO debuts this year were conductors André Raphel and Andrés Orozco-Estrada, cellist Sheku Kanneh-Mason, pianist Awadagin Pratt, South African soprano Golda Schultz, and jazz vocalist Barbara Walker. The BSO performed works by several living women composers including Ella Milch-Sheriff, Unsuk Chin, Julia Wolfe, Jessie Montgomery, and Julia Adolphe and featured Iman Habibi, Carlos Simon, Anthony Davis, and Wynton Marsalis-all BIPOC composers. The Symphony Orchestra was the first American orchestra to perform in Japan after the pandemic. They were enthusiastically received in two performances at Carnegie Hall; and the BSO returned to Europe in May for the first time in five years. The orchestra gave acclaimed performances at the BBC Proms and the Lucerne and Salzburg Festivals followed by performances in Ljubljana and across Germany, concluding in Paris. Keith Lockhart and the Boston Pops shared the festive spirit in 34 Holiday Pops concerts-many of which were sold out. The varied 18 Spring Pops programs included a symphonic version of the Broadway hit Ragtime, trumpeter Bryan Stripling, a celebration of George Gershwin, the always-popular film night, and an immersive video game experience. 105,837 people attended these performances. For 73 days this summer, Tanglewood was filled with a wide range of music-90 concerts by the BSO, Pops, Fellows of the Tanglewood Music Center, guest ensembles, and popular artists and an audience of 292,807. Among the many highlights were concert performances of Mozart's Cosi fan tutte and Orff's Carmina Burana led by Andris Nelsons and performed with the Tanglewood Festival Chorus. Nelsons also conducted works by Mahler, Stravinsky, Gershwin, Carlos Simon, Julia Adolphe, Ravel, and Shostakovich. Joshua Bell, the Lorelei Ensemble, mandolin player Jeff Midikoff, and pianists Jean-Yves Thibaudet and Martin Helmchen were celebrated soloists. The Pops gave thrilling tributes to John Williams and a concert version of Ragtime. Guest ensembles included the Knights; Philharmonia Baroque; and Aaron Diehl Trio. 3304290 0 473803 Education and community programs are integral to the BSO's mission. In Boston: Six Youth Concerts introduced 6,110 students and educators to orchestral music in a compelling program that used a range of composers to consider creativity and curiosity. Boston Public School students from Roxbury, Dorchester, Jamaica Plain, and East Boston were joined by school groups from Cambridge, Melrose, Needham, Reading, Malden, Quincy, and Scituate as well as peers from CT and New Hampshire. The BSO significantly subsidized all the attendees, and Boston Public Schools students attend for free. 1,062 high school students and their teachers attended one of three High School Open Rehearsals-an increase of more than 330% from FY22. They watched as a work-in-progress became a work of art. Special conductor cams and screens showed the conductor as the orchestra sees him, giving students a rare view of the communication between musicians and conductor. Before each rehearsal, a conductor, soloist, or composer answered questions the students submitted in advance. Engaging the Autism Community: A Sensory Friendly Holiday Pops Concert in December and a Sensory Friendly Family Concert in April gave 1,834 people with autism and their families a rare chance to enjoy a public experience. Keith Lockhart welcomed the audience, "this concert is for you. Let the music move you. Jump if you want to jump, clap, dance, or just sit and enjoy." Sensory Friendly concerts address a community need, profoundly move audiences, strengthen the BSO's inclusion work, and build meaningful connections between the BSO and organizations that serve the autism community. On May 7, Andris Nelsons and Keith Lockhart joined forces for the free Concert for the City-a love song to Boston. Mayor Wu's turn as soloist for Mozart's Piano Concerto No. 21 was surrounded by works by John Williams, Dropkick Murphys, Duke Ellington, Florence Price, and Chick Corea-all with a connection to Boston. The joy that filled the Hall was exemplified by the rousing encore of Sweet Caroline, which had 2,300 people singing along. To reach new communities, local arts leaders from diverse communities invited their networks. Of the people who attended, 61% secured their tickets through these individuals or the BSO's community partners-almost all were first-time BSO attendees. The BSO opened its doors to 22,124 children, high school and college students, young adults, health care workers, veterans, teachers, and people eligible for public benefits through discounted and free tickets, which had an estimated value of $2m. In December, musicians of the Boston Pops brought holiday cheer to patients at Boston Children's Hospital. At Tanglewood: Founded in 1940, the Tanglewood Music Center (TMC), the BSO's summer music academy welcomed 137 Tanglewood Music Center Fellows from 27 states and 16 countries. For eight weeks, these talented young musicians rehearsed and performed in 30 chamber and orchestra concerts, which honed their performance skills. They also benefitted from coaching by TMC faculty members, BSO musicians, and guest artists and performing under the batons of Andris Nelsons, Dame Jane Glover, Stefan Asbury, and Xian Zhang. The culmination of their intensive schedule of performances and training was standing in for the BSO in the final orchestra concert of the summer where they performed Beethoven's Symphony No. 9 with the Tanglewood Festival Chorus under the baton of Susanna Malkki. In summer 2023, the Tanglewood Learning Institute (TLI) offered robust programming for 7,000 people. Six Open Workshops shed light on process by which emerging musicians gain mastery of their craft under the tutelage of master musicians. Moderated conversations with composer Carlos Simon, three composers featured during the Festival of Contemporary Music, Pops conductor Keith Lockhart, and operatic baritone, Will Liverman illuminated how artists approach their creative process. TLI welcomed Isabel Wilkerson who discussed her ground-breaking book Caste to a nearly full Ozawa Hall. Dr. Saidiya Hartman spoke on the 25th anniversary edition of her award-winning book Scenes of Subjugation, and Keith Hamilton Cobb adapted his two-hander American Moor specially for the Linde Center. He gave two performances of this play that explored the Black male experience in America vis-a-vis Shakespeare's Othello. 2,410 people enjoyed Tanglewood's Family Concert conducted by Thomas Wilkins. 1,384 year-round Berkshire residents had discounted access to the lawn through a special pass, which they used 7,815 times. Nearly 10,000 youth under age 18 attended concerts for free and 2,000 people enjoyed free events such as Berkshire Night. 15430930 0 3094806 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 three 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 $1.7 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 526 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 typically provides a venue for chamber music performances 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 $3.3m 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 other groups including Celebrity Series, Handel and Haydn Society, Boston Philharmonic Orchestra, and other groups. Local high schools and Berkshire Community College use the Koussevitzky Shed for graduations and community groups, including the Stockbridge Library and Austin Riggs use Studio E at the Linde Center during the fall, winter, and spring. 132875 0 437272 Electronic Media: The BSO reaches millions who listen via recordings, television, and radio broadcasts. Every Saturday evening, Classical Radio Boston (a subsidiary of GBH public broadcasting) broadcast a BSO concert. These concerts were 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) offered a weekly broadcast featuring TMC. 20279 0 39542 Merchandise Sales: The BSO operated its Symphony Hall retail operations during the Pops seasons and opened its Tanglewood retail shops in Summer 2023. 153154 0 476814 88093401 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 387 0 1 949 1 1 1 0 0 0 0 1 1 0 0 0 0 0 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 President and CEO 40 1 X 941104 0 74801 Mark Volpe Former CEO & President 0 0 X 432000 0 0 Maureen Flores Chief Development Officer 40 1 X 376853 0 38793 John A Ferrillo Jr Principal Oboe 40 0 X 346227 0 32669 Thomas Rolfs Jr Principal Trumpet 40 0 X 317376 0 35879 Blaise Dejardin Principal Cello 40 0 X 334227 0 15545 Alexander Velinzon Associate Concertmaster 40 0 X 308852 0 35033 Steven Ansell Principal Viola 40 0 X 301968 0 39473 Katherine Decelles Clerk of the Board 40 1 X 191830 0 30170 Evelyn Barnes Chief Financial Officer, until 06-2022 0 0 X 168952 0 11695 Emily Fritz-Endres Clerk of the Corporation until 9-8-22 40 0 X 74739 0 3645 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 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 2 0 X 0 0 0 John M Loder Vice Chair 2 0 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 Carmine A Martignetti Trustee 2 0 X 0 0 0 Susan W Paine Trustee 2 0 X 0 0 0 Peter Palandjian until 4-2023 Trustee 2 0 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 3794128 0 317703 135 1 1 0 Norbella Inc 46 Plympton Street 3rd Floor Boston MA 02118 Media strategy 2362631 Tisbury Tours Inc 360 Hamilton Avenue 100 White Plains NY 10601 Concert performances 1112826 Boston Gourmet Management 301 Massachusetts Avenue Boston MA 02115 Food services 981535 Travtours Inc 71-703 Highway 111 Suite 2e Rancho Mirage CA 92270 Travel services 916548 Andris Nelsons Konzertdirektion Schmid 40 St Martins Lane London UK WC2N 4E Services of A. Nelsons 1605615 61 0 0 2465728 0 952110 32178027 4685452 35595865 Concerts & tours 900099 37413622 37413622 0 0 Education 900099 473803 473803 0 0 Program advertising 900099 331850 0 331850 0 Parking 900099 102203 0 0 102203 Electronic media 900099 437272 437272 0 0 0 0 0 0 38758750 4693404 0 -626696 5320100 0 0 0 0 72000 0 0 72000 6345072 0 1835303 0 4509769 0 4509769 3094806 0 1414963 151033029 0 142917959 0 8115070 0 8115070 0 764728 7350342 466729 2465728 976777 -510048 0 -510048 0 0 0 0 0 0 964445 375624 588821 39542 549279 0 Food & beverage 900099 932878 0 0 932878 Other income 900099 472583 0 0 472583 0 0 0 0 1405461 93229092 41459045 1019161 15155021 X 0 0 0 0 0 0 0 0 2726120 2479774 234417 11929 0 0 0 0 42419172 35675405 3653396 3090371 3656705 3062701 439833 154171 4689627 3537174 713323 439130 3200304 2587408 388987 223909 179153 35240 140889 3024 1258547 23763 1234784 0 163556 0 163556 0 88101 0 0 88101 255220 255220 1225539 1225539 0 0 16979164 15156778 1536005 286381 3837501 3754262 30243 52996 1648990 665278 702917 280795 2778764 170838 2559704 48222 158035 158035 0 0 8339453 5888098 2404592 46763 5634287 5344759 104596 184932 0 0 0 0 49586 19973 9702 19911 249903 0 249903 0 0 0 0 0 5168763 4235345 580541 352877 735345 0 735345 0 Concert production expense 2054964 1935586 8983 110395 Credit card fees 1133930 1103664 7190 23076 2005956 1033781 971351 824 110636685 88093401 16870257 5673027 70254500 9084632 1221469 52029648 8887337 6885721 6407386 6273702 350775 567698 2875056 4056160 189753527 120701745 70139717 69051782 60312835 52737559 392396036 411090269 41631161 41684483 654476272 653461654 15706333 12169797 7752932 12064305 10000000 10000000 39271003 32139962 72730268 66374064 X 116763377 115514891 464982627 471572699 581746004 587087590 654476272 653461654 X -17407593 15434450 0 0 0 7314729 X 0 1 X 1 0 X 37423480 49260675 39371221 49379236 35595865 211030477 0 0 0 0 0 0 0 0 37423480 49260675 39371221 49379236 35595865 211030477 19548558 191481919 5440966 5950506 5900450 4363193 6581912 28237027 0 0 45406 914751 70953 1031110 0 0 0 0 0 240298614 149457170 0.79685 0.81422 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 88101 0 0 88101 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. 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 471546000 6067000 10517000 0 32232000 0 455898000 0.1 0.48 0.42 1 1 1 0 18516482 18516482 0 124101159 85025271 39075888 0 0 0 0 0 47135886 35676474 11459412 0 0 0 0 69051782 Marketable alternatives 291779384 F Illiquid Equities 92848552 F Real Estate 9579906 F Real Assets 9453407 F Investment in 263 Realty Corp & HALP 7429020 F 411090269 Assets held by others 31181287 Assets of split-interest agreements 10503196 41684483 Accrued Liability for Pension and Post Retirement 32139962 32139962 X 110332727 15434450 687276 0 855047 16976773 93355954 1225539 -1352401 -126862 93229092 111450823 687276 0 0 1352401 2039677 109411146 1225539 0 1225539 110636685 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 probability 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 $375,624 represents cost of goods sold and $976,777 represents direct fundraising event expenses Schedule D, Part XII, Line 2d $375,624 represents cost of goods sold and $976,777 represents direct fundraising event expenses Central America and the Caribbean 0 0 Investments 170719121 Europe (including Iceland and Greenland) 0 0 Investments 17332298 0 0 188051419 1 0 1 1 1 0 X X X X X X X 1 DCM Inc 244 5th Avenue Suite M223 New York NY 10001 Telefundraising 0 408852 255220 153632 408852 255220 153632 AK AL AR CA CO CT FL GA HI IL KS MA MD ME MI MN MS NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV BSO Spring Gala 1383987 1243075 140912 0 0 0 97924 17378 303834 Company Celebration at Pops 759301 631258 128043 0 0 0 84671 40620 43378 2 789169 591395 197774 0 0 0 148193 89876 150903 2932457 2465728 466729 0 0 0 330788 147874 498115 976777 -510048 X X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Mark Volpe Former CEO & President 432000 0 0 0 0 0 0 0 0 0 432000 0 0 0 Gail Samuel President and CEO 793798 0 125000 0 22306 0 9150 0 65651 0 1015905 0 0 0 Evelyn Barnes Chief Financial Officer, until 06-2022 120043 0 0 0 48909 0 5077 0 6618 0 180647 0 0 0 John A Ferrillo Jr Principal Oboe 341727 0 0 0 4500 0 0 0 32669 0 378896 0 0 0 Thomas Rolfs Jr Principal Trumpet 317376 0 0 0 0 0 0 0 35879 0 353255 0 0 0 Katherine Decelles Clerk of the Board 186712 0 5000 0 118 0 5769 0 24401 0 222000 0 0 0 Maureen Flores Chief Development Officer 349934 0 25000 0 1919 0 9150 0 29643 0 415646 0 0 0 Steven Ansell Principal Viola 299647 0 0 0 2322 0 0 0 39473 0 341442 0 0 0 Blaise Dejardin Principal Cello 334227 0 0 0 0 0 0 0 15545 0 349772 0 0 0 Alexander Velinzon Associate Concertmaster 298844 0 10008 0 0 0 0 0 35033 0 343885 0 0 0 Schedule J, Part I, Line 1a In connection with the business needs of the Boston Symphony Orchestra, Inc. (BSO) 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. In rate instances, the CEO and President's partner may travel for donor cultivation and fundraising purposes. Events attended are related to business purposes of the BSO. Such travel is entered into and substantiated in accordance with the partner travel policy adopted by the BSO. Housing for the CEO and President 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 $28,200 is included in Schedule J, Part II, column D. X 74 3015452 Fair market value X 1 1670000 Fair market value 1 0 1 0 Schedule M, Part I, Line 9 Column B responses represent the number of contributions Form 990, Part I, Line 6 Volunteers comprise 757 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 208 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 CEO and President 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 ground 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 is 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 2022 amounts. Form 990, Part VII, Section B, Line 1(C) Compensation reported is based on the calendar year 2022 amounts. Form 990, Part IX, Line 11g Comprised of $14,146,362 of artistic and other concert related fees. Form 990, Part XI, Line 9 Other changes in net assets or fund balances of $7,314,728 is comprised of the change in value of split interest agreements of $855,047 and retirement plan-related credits, other than net periodic benefit costs of $6,459,682. 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 1476262 7921551 0 0 0.99 263 Realty Corporation 301 Massachusetts Avenue Boston MA 02115 043252433 Real Esatate MA Boston Symphony C 14971 48219 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 346845 Fair market value 263 HA Limited Partnership s 1746866 Actual partnership distribution Boston 4 Celebrations Foundation Inc d 624711 Book amount