2024-01-17T13:28:45-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2022-07-01 340786212 TUESDAY MUSICAL ASSOCIATION TUES 3307613460 1041 W MARKET ST 200 AKRON OH 443137103 CYNTHIA SNIDER EXECUTIVE DIRECTOR 3307613460 2024-01-16 1 CYNTHIA SNIDER 999009999 1 JENNIFER COLEMAN P00743188 3304972000 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CYNTHIA SNIDER 1041 W MARKET ST 200 AKRON OH 443137103 5004372 0 X WWW.TUESDAYMUSICAL.ORG X 1887 OH TUESDAY MUSICAL ENRICHES THE CULTURAL LIFE OF GREATER AKRON AND NORTHEAST OHIO BY CONNECTING TODAY'S EXCEPTIONAL PERFORMERS WITH AUDIENCES, STUDENTS, AND MEMBERS IN POWERFUL WAYS AND BY ADVANCING THE POSITIVE POWER OF MUSIC IN OUR COMMUNITY. THIS IS ACHIEVED THROUGH DISTINCTIVE, APPEALING, AND ACCESSIBLE PERFORMANCES; DYNAMIC COLLABORATIONS WITH OUR COMMUNITY; MEANINGFUL EDUCATION PROGRAMS; AND AN ENGAGED MEMBERSHIP THAT PAYS TRIBUTE TO OUR LEGACY AS A GRASSROOTS ORGANIZATION CREATED BY AND FOR MUSIC LOVERS. 17 17 3 65 0 0 606665 696484 174904 277017 -220122 146816 0 0 561447 1120317 36800 36800 0 0 175359 206571 0 0 37739 480647 510124 692806 753495 -131359 366822 4171978 5120715 75968 435053 4096010 4685662 X TUESDAY MUSICAL ENRICHES THE CULTURAL LIFE OF GREATER AKRON AND NORTHEAST OHIO BY CONNECTING TODAY'S EXCEPTIONAL PERFORMERS WITH AUDIENCES, STUDENTS, AND MEMBERS IN POWERFUL WAYS AND BY ADVANCING THE POSITIVE POWER OF MUSIC IN OUR COMMUNITY. THIS IS ACHIEVED THROUGH DISTINCTIVE, APPEALING, AND ACCESSIBLE PERFORMANCES; DYNAMIC COLLABORATIONS WITH OUR COMMUNITY; MEANINGFUL EDUCATION PROGRAMS; AND AN ENGAGED MEMBERSHIP THAT PAYS TRIBUTE TO OUR LEGACY AS A GRASSROOTS ORGANIZATION CREATED BY AND FOR MUSIC LOVERS. 0 0 403678 36800 277017 PRESERVE AND PROMOTE APPRECIATION OF THE ARTS ON AN INTERNATIONAL BASIS. 403678 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 15 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 OH X X CYNTHIA SNIDER 3307613460 1041 W MARKET ST 200 AKRON OH 443137103 CYNTHIA SNIDER EXECUTIVE DIRECTOR 40.00 X 65894 0 9103 GEORGE POPE PRESIDENT 2.50 X X 0 0 0 PURDY CLAIRE VICE PRESIDENT/PRES ELECT 2.50 X X 0 0 0 MARIANNE MILLER SECRETARY 2.50 X X 0 0 0 PAUL MUCHA TREASURER 2.50 X X 0 0 0 BRYAN MEEK CHAIR, GOVERNANCE COMMITTEE 1.50 X X 0 0 0 JENNIFER STENROOS BRAHMS ALLEGRO CHAIR 2.50 X X 0 0 0 BOBBIE EATON HOSPITALITY CHAIR 2.50 X X 0 0 0 LOUISE HARVEY DEVELOPMENT CHAIR 1.50 X 0 0 0 TERESA GOOD EDUCATION CO-CHAIR 2.50 X 0 0 0 STANISLAV GOLOVIN MEMBER PROGRAM CHAIR 1.50 X 0 0 0 JAMES WILDING SCHOLARSHIP CHAIR 1.50 X 0 0 0 MARK GREER MEMBER AT LARGE 1.50 X 0 0 0 LINDA LIESEM MEMBER AT LARGE 1.50 X 0 0 0 CHERYL LYON MEMBER AT LARGE 1.50 X 0 0 0 LANDON NYAKO MEMBER AT LARGE 1.50 X 0 0 0 FRED SPECHT MEMBERSHIP CHAIR 1.50 X 0 0 0 SHIRLEY WORKMAN MEMBER AT LARGE 1.50 X 0 0 0 65894 0 9103 0 0 0 0 0 696484 50088 696484 CONCERT TICKET SALES 711300 248208 248208 MEMBERSHIP DUES 711300 5450 5450 SCHOLARSHIP APPLICATION FEES 711300 4659 4659 18700 18700 277017 112956 112956 3917915 3884055 33860 33860 33860 1120317 277017 0 146816 36800 36800 81825 49095 32730 94394 94394 2832 2832 14399 1160 12466 773 13121 3329 7573 2219 14527 14527 30720 30720 94185 94185 10170 5081 5089 482 482 27622 27622 7415 7415 284 284 5292 5292 ARTISTS' FEES 205939 205939 CONCERT EXPENSES 63496 63496 EDUCATION OUTREACH 23784 23784 CONCERT RECEPTIONS 6619 6619 19589 8375 9197 2017 753495 403678 312078 37739 638381 675911 72248 434202 10000 20000 864 147370 146376 1278 994 3283112 3763617 166959 225127 4171978 5120715 1790 4362 65076 100346 9102 282840 0 47505 75968 435053 X 2372941 2793259 1723069 1892403 4096010 4685662 4171978 5120715 366822 222830 0 X X 0 1 X 1 0 X 403691 533086 562851 606665 696484 2802777 403691 533086 562851 606665 696484 2802777 581724 2221053 73961 95780 82867 95828 112956 461392 33100 33100 3297269 811710 0.67360 0.66810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3447491 524619 326986 31000 4268096 4074946 10000 -506480 130975 3447491 3401296 25775 801490 153615 4074946 3190635 210720 130669 130728 3401296 3072649 156750 171318 25300 184782 3190635 0.56900 0.12290 0.30810 1 0 147370 146376 994 994 SHORT & LONG TERM LEASE LIABILITIES 47505 47505 1312427 222830 222830 1089597 30720 30720 1120317 722775 0 722775 30720 30720 753495 PART IV, LINE 2B: THE ASSOCIATION IS THE CUSTODIAN OF FUNDS AND FINANCIAL MANAGER FOR THE CITY OF AKRON FOR THE HEINZ POLL SUMMER DANCE FESTIVAL. THE ASSOCIATION IS ALSO THE CUSTODIAN OF FUNDS AND FINANCIAL MANAGER FOR THE OHIO ARTS COUNCIL FOR THE POETRY OUT LOUD AND ARTFUL AGING OHIO PROGRAMS. THE ASSOCIATION HANDLES ALL OF THE ADMINISTRATION FUNCTIONS UNDER EACH AGREEMENT AND SEPARATE CHECKING ACCOUNTS ARE MAINTAINED FOR THIS PURPOSE. SINCE THESE FUNDS DO NOT BELONG TO THE ASSOCIATION, THE INCOME AND EXPENSE TRANSACTIONS THAT RELATE TO THESE ACCOUNTS ARE NOT INCLUDED IN THE STATEMENT OF ACTIVITIES. ADDITIONALLY, AN EQUAL AND OFFSETTING LIABILITY IS MAINTAINED TO REMOVE THE VALUE OF THESE ASSETS FROM THE NET ASSETS OF THE ASSOCIATION. PART V, LINE 4: THE PRIMARY OBJECTIVE FOR THE INVESTMENTS OF THE ASSOCIATION'S PORTFOLIO IS TO PROVIDE A STABLE AND GROWING SOURCE OF INCOME TO SUPPORT THE NEEDS OF THE ASSOCIATION WHILE PRESERVING AND ENHANCING ITS CAPITAL. THIS IS ACCOMPLISHED BY UTILIZING A MIX OF EQUITIES, FIXED INCOME, AND CASH EQUIVALENT SECURITIES CONDUCIVE TO PARTICIPATION IN A LONG-TERM MARKET, WHILE ALLOWING ADEQUATE PROTECTION OF INCOME AND ASSETS UNDER CURRENT MARKET CONDITIONS. AS PART OF A TOTAL RETURN INVESTMENT OBJECTIVE, THE ASSOCIATION UTILIZES A SPENDING POLICY TO ALLOCATE APPROPRIATE INCOME FROM THE ENDOWMENT FUND. THE CURRENT SPENDING POLICY MAKES AVAILABLE ON AN ANNUAL BASIS UP TO 5% OF THE 12 QUARTER ROLLING AVERAGE MARKET VALUE OF THE ENDOWMENT FUND. THE AVERAGE IS RE-CALCULATED IN JANUARY EACH YEAR. THE FINANCE COMMITTEE WILL RECOMMEND TO THE BUDGET COMMITTEE THE AMOUNT AVAILABLE FOR THE OPERATING BUDGET IN THE COMING FISCAL YEAR. THE FINANCE COMMITTEE WILL ALSO RECOMMEND TO THE SCHOLARSHIP COMMITTEE THE AMOUNT AVAILABLE FOR SCHOLARSHIPS FROM THE SCHOLARSHIP FUND IN THE COMING FISCAL YEAR. THE EXECUTIVE BOARD OF DIRECTORS ADOPTS THE OPERATING BUDGET FOR THE NEXT FISCAL YEAR. AFTER THE BUDGET IS ADOPTED THE FINANCE COMMITTEE WILL ADVISE THE INVESTMENT MANAGER OF THE REQUIRED ALLOCATIONS AND ESTABLISH A PAYMENT SCHEDULE. THE ENDOWMENT FUND INCLUDES FUNDS WHOSE USE IS RESTRICTED BY THE DONOR AND BOARD DESIGNATED FUNDS. IN THE EVENT OF SPECIAL NEEDS OR OPPORTUNITIES THE FINANCE COMMITTEE WILL RECOMMEND TO THE BOARD STEPS THAT CAN BE TAKEN USING BOARD DESIGNATED FUNDS. THE SCHOLARSHIP FUND MAY ALSO INCLUDE FUNDS WHOSE USE IS RESTRICTED BY THE DONOR. 1 SCHOLARSHIPS 21 36800 PART I, LINE 2: INDIVIDUALS COMPETE FOR THE MUSICAL SCHOLARSHIPS AWARDED BY TUESDAY MUSICAL. THESE INDIVIDUALS ARE JUDGED BY A PANEL OF PROFESSIONAL JUDGES, AND ALL SCHOLARSHIPS ARE AWARDED FOR CONTINUING EDUCATION. NO MONITORING IS PERFORMED ONCE THE SCHOLARSHIP IS AWARDED. X 1 50088 FMV ON DATE OF DONATION 0 0 0 PART I, COLUMN (B): 500 SHARE OF GE STOCK DONATED ON APRIL 21, 2023 FORM 990, PART VI, SECTION A, LINE 6 ANY INDIVIDUAL WHO HAS AN INTEREST IN TUESDAY MUSICAL ASSOCIATION (TMA) AND ITS MISSION MAY BECOME A MEMBER UPON PAYMENT OF ANNUAL DUES AND THE ANNUAL PURCHASE OF A SUBSCRIPTION TO THE CONCERT SERIES OR TWO STUDENT SUBSCRIPTIONS. MEMBERS ARE ENCOURAGED TO ATTEND PROGRAM AND BUSINESS MEETINGS, SERVE ON COMMITTEES, RECRUIT NEW MEMBERS AND SUBSCRIBERS, AND CONTRIBUTE TO THE FINANCIAL SUPPORT OF TMA. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT NEW BOARD MEMBERS AND NEW NOMINATING COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ANNUALLY TO ACCEPT/REJECT THE NEXT FISCAL YEAR BUDGET, ANNUAL ACCEPTANCE OF NEW PROPOSED SLATE OF OFFICERS AND BOARD MEMBERS, AND CHANGES IN THE CODE OF REGULATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER, THE BOARD PRESIDENT, AND THE EXECUTIVE DIRECTOR PRIOR TO FILING. A COPY OF THE FORM 990 IS ALSO MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISCUSSED ANNUALLY BY THE BOARD AND MANAGEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BOARD. AFTER DISCLOSURE, HE/SHE SHALL LEAVE THE GOVERNING BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION B, LINE 15 SALARY OF EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS APPROVED ANNUALLY BY BOARD OF DIRECTORS THROUGH APPROVAL OF ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST OR THROUGH THE CULTURAL DATA PROJECT WEBSITE. FORM 990, PART XII, LINE 2C: BOARD OF DIRECTORS TAKES RESPONSIBILITY FOR THE AUDITED FINANCIAL STATEMENTS FEDERAL ELECTIONS SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TUESDAY MUSICAL ASSOCIATION 1041 W. MARKET ST, STE 200 AKRON, OH 44313-7103 EMPLOYER IDENTIFICATION NUMBER: 34-0786212 FOR THE YEAR ENDING JUNE 30, 2023 TUESDAY MUSICAL ASSOCIATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).