2025-08-28T15:07:40-05:00 2025-05-31 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2024-06-01 591542539 THE PALM BEACH SYMPHONY SOCIETY INC PALM 5616552657 700 SOUTH DIXIE HIGHWAY 100 WEST PALM BEACH FL 33401 MR JAMES BORYNACK CHAIR 5616552657 2025-08-28 1 1 WALT MAXWELL P00186333 5617989988 2025-08-28 2024 2025-03-06 01:10:19Z MR JAMES BORYNACK 165 WORTH AVENUE PALM BEACH FL 33480 6557207 0 X HTTP://PALMBEACHSYMPHONY.ORG X 1974 FL TO EDUCATE AND NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC. 17 17 12 40 0 0 3062735 3068978 645860 640201 58228 130509 451324 417156 4218147 4256844 0 0 0 0 1129167 1340975 0 0 755800 2808753 2924889 3937920 4265864 280227 -9020 3745527 3930928 870722 913649 2874805 3017279 X TO EDUCATE AND TO NURTURE THE LOCAL COMMUNITY IN CLASSICAL SYMPHONIC MUSIC THROUGH THE UTILIZATION OF ITS SYMPHONIC ORCHESTRA. 0 0 3130464 675620 UNDER THE VISIONARY LEADERSHIP OF CEO DAVID MCCLYMONT AND THE ARTISTIC EXCELLENCE OF MUSIC DIRECTOR GERARD SCHWARZ, PALM BEACH SYMPHONY EXPERIENCED UNPRECEDENTED GROWTH AND IMPACT IN THE 2024-2025 SEASON. THE SYMPHONY PRESENTED SEVEN SOLD-OUT MASTERWORKS CONCERTS FEATURING AN ORCHESTRA OF MORE THAN 90 WORLD-CLASS MUSICIANS, CEMENTING ITS STATURE AS ONE OF AMERICA'S PREMIER REGIONAL ORCHESTRAS.THIS SEASON, THE SYMPHONY ACHIEVED: 10% INCREASE IN MEMBERSHIPS AND SUBSCRIPTIONS. 12% INCREASE IN INDIVIDUAL CONTRIBUTIONS AND CORPORATE SPONSORSHIPS. RECORD-BREAKING ATTENDANCE AT ALL FUNDRAISING AND CONCERT EVENTS.(CONTINUED IN SCHEDULE O) EXPANDED DONOR BASE BY OVER 500 NEW PATRONS. 30% INCREASE IN INSTRUMENT DONATIONS TO SUPPORT MUSIC EDUCATION.PALM BEACH SYMPHONY'S 2024-2025 EDUCATION AND OUTREACH EFFORTS, LED THROUGH THE PAUL AND SANDRA GOLDNER CONSERVATORY OF MUSIC, REACHED THOUSANDS ACROSS PALM BEACH COUNTY WITH A BLEND OF PERFORMANCES, RESIDENCIES, AND COMMUNITY PROGRAMS. THE TODD BARRON INSTRUMENT DONATION PROGRAM PROVIDED 218 INSTRUMENTS AND 1,231 ACCESSORIES THIS SEASON, BRINGING THE TOTAL TO 898 INSTRUMENTS AND 2,629 ACCESSORIES SINCE 2016. SEVEN TITLE I SCHOOLS HOSTED ARTISTS-IN-RESIDENCE FOR 363 CONTACT HOURS, 183 COACHINGS, AND 64 CLASSES, REACHING 541 STUDENTS ON A CONTINUOUS BASIS. THE SYMPHONY DELIVERED FIVE IN-SCHOOL CONCERTS, THREE STEAM SESSIONS, AND NUMEROUS PRE-CONCERT LOBBY PERFORMANCES IN PARTNERSHIP WITH SCHOOLS AND ARTS ORGANIZATIONS. THE DALE A. MCNULTY CHILDREN'S CONCERT SERIES PREMIERED CINDERELLA AND THE ORCHESTRA, ENGAGING 3,369 ATTENDEES AND DISTRIBUTING CURRICULUM GUIDES TO 500 SCHOOLS, IMPACTING OVER 200,000 STUDENTS. COMPLIMENTARY AND DISCOUNTED TICKETS PROVIDED ACCESS FOR 2,289 STUDENTS, EDUCATORS, AND FAMILIES, WHILE MASTERCLASSES, SPECIAL CLINICS, AND OPEN REHEARSALS OFFERED DIRECT LEARNING OPPORTUNITIES WITH RENOWNED ARTISTS. OUTREACH PROGRAMS ALSO INCLUDED 88 COMMUNITY EVENTS, 217 SPECIALIZED COACHING SESSIONS, 477 INSTRUCTIONAL HOURS, AND INITIATIVES LIKE NURTURING NOTES, WHICH BROUGHT LIVE MUSIC INTO HOSPITALS.PALM BEACH SYMPHONY'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS REACHED MORE PEOPLE THAN EVER BEFORE. INITIATIVES INCLUDED YEARLONG RESIDENCIES IN TITLE I SCHOOLS, OVER 100 IN-SCHOOL PERFORMANCES AND WORKSHOPS, STUDENT COACHING SESSIONS WITH PROFESSIONAL MUSICIANS, INSTRUMENT DISTRIBUTION TO UNDERSERVED STUDENTS, AND PUBLIC MASTERCLASSES WITH NATIONALLY RECOGNIZED ARTISTS.THE SYMPHONY'S COMMITMENT TO ACCESSIBILITY WAS UNDERSCORED BY FREE PUBLIC CONCERTS IN PARKS, CULTURAL CENTERS, AND COMMUNITY SPACES IMPACTING OVER 20,000 RESIDENTS WHO MIGHT NOT OTHERWISE EXPERIENCE LIVE SYMPHONIC MUSIC.THROUGH THIS BLEND OF ARTISTIC EXCELLENCE, MEASURABLE GROWTH, AND DEEP COMMUNITY ENGAGEMENT, PALM BEACH SYMPHONY CONTINUES TO SERVE AS A CULTURAL ANCHOR FOR THE REGION WHILE INSPIRING THE NEXT GENERATION OF MUSICIANS AND MUSIC LOVERS. 3130464 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MR JAMES BORYNACK 5616552090 165 WORTH AVENUE PALM BEACH FL 33480 MR JAMES BORYNACK CHAIR 30.00 X X 0 0 0 MR RICHARD BREKUS VICE CHAIR 10.00 X X 0 0 0 MR JOHN D HERRICK TREASURER 10.00 X X 0 0 0 MR DON THOMPSON SECRETARY 10.00 X 0 0 0 MS LAURIE BAY DIRECTOR 10.00 X 0 0 0 MS CAROL BAXTER DIRECTOR 10.00 X 0 0 0 MS CATHLEEN BLACK DIRECTOR 10.00 X 0 0 0 MS NANNETTE CASSIDY DIRECTOR 10.00 X 0 0 0 MS AMY COLLINS DIRECTOR 10.00 X 0 0 0 MR TODD DAHLSTROM DIRECTOR 10.00 X 0 0 0 MS MARY DEMORY DIRECTOR 10.00 X 0 0 0 MS CAROL HAYS DIRECTOR 10.00 X 0 0 0 MR PERCY KAVASMANECK DIRECTOR 10.00 X 0 0 0 MS MARIETTA M MCNULTY DIRECTOR 10.00 X 0 0 0 MS MARTHA RODRIGUEZ MD DIRECTOR 10.00 X 0 0 0 MS KAREN ROGERS DIRECTOR 10.00 X 0 0 0 MR ADAM WOLEK DIRECTOR 10.00 X 0 0 0 MR DAVID MCCLYMONT CEO 40.00 X 347680 0 33719 MS OLGA VAZQUEZ DIRECTOR OF ARTISTIC OPERA 40.00 X 111259 0 11287 458939 0 45006 2 0 1 0 MIAMI SYMPHONIC ENTERTAINMENT INC 3900 N MIAMI AVE MIAMI FL 33127 CONTRACTED MUSICIANS 1049398 MR GERARD SCHWARZ 700 S DIXIE HWY SUITE 100 WEST PALM BEACH FL 33401 MAESTRO 347500 LESSINGS HOSPITALITY GROUP 3500 SUNRISE HWY SUITE 100 GREAT RIVER NY 11739 HOSPITALITY/CATERING 267303 KRAVIS CENTER 701 OKEECHOBEE BLVD WEST PALM BEACH FL 33401 MASTERWORKS VENUE 161121 THE BREAKERS PALM BEACH 1 S COUNTY RD PALM BEACH FL 33480 FUNDRAISING EVENT - GALA VENUE 141979 7 62000 511003 288565 2207410 3068978 TICKET SALES 711130 439705 439705 OUTREACH CONCERTS 711130 200496 200496 640201 81043 81043 1541875 1492409 49466 49466 49466 1189691 511003 807954 381737 381737 ADVERTISING 541800 29000 29000 MISCELLANEOUS 900099 6419 6419 35419 4256844 675620 0 512246 353368 192088 34311 126969 793577 431382 77054 285141 111052 60367 10783 39902 82978 45106 8057 29815 2087 1134 203 750 60726 33010 5897 21819 15324 15324 253847 140069 88759 25019 92232 49917 9322 32993 249661 175057 26820 47784 39256 21339 3812 14105 ORCHESTRA & ARTIST FEES 1211075 1178132 17629 15314 CONTRACTED SERVICES 489304 427368 52717 9219 EDUCATION 291312 255870 7540 27902 OTHER EXPENSES 220065 119625 21372 79068 4265864 3130464 379600 755800 597957 67676 539543 500 265116 197461 35582 55750 12839 12839 0 0 2621136 2875054 225236 195444 3745527 3930928 160287 214718 548071 566705 162364 132226 870722 913649 X 2752252 2616534 122553 400745 2874805 3017279 3745527 3930928 -9020 151494 0 X X 0 1 X 1 0 X 1766349 2979450 2777106 3289791 3068978 13881674 1766349 2979450 2777106 3289791 3068978 13881674 1240028 12641646 33146 48123 47892 57827 81043 268031 69820 417156 486976 14636681 640201 0.86370 0.81370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADVERTISING - 2023 AMOUNT: $ 63,350. 2024 AMOUNT: $ 29,000. MISCELLANEOUS - 2023 AMOUNT: $ 6,470. 2024 AMOUNT: $ 6,419. FUNDRAISING INCOME NET - 2024 AMOUNT: $ 381,737. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2339892 84000 224418 2648310 1764259 277106 298527 2339892 1871199 -106940 1764259 1490954 500000 -119755 1871199 758813 500000 232141 1490954 0.97310 0.02690 0 0 12839 12839 0 0 RIGHT OF USE - OPERATING LEASE 132226 132226 X 4412814 151494 19800 171294 4241520 15324 15324 4256844 4270340 19800 19800 4250540 15324 15324 4265864 PART X, LINE 2: THE SYMPHONY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A CHARITABLE ORGANIZATION WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. THE SYMPHONY HAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED MAY 31, 2025 AND 2024. THE SYMPHONY EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, WHICH STATES THAT MANAGEMENT'S DETERMINATION OF THE TAXABLE STATUS OF AN ENTITY, INCLUDING ITS STATUS AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY, IS A TAX POSITION SUBJECT TO THE STANDARDS REQUIRED FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT DOES NOT BELIEVE THAT THE SYMPHONY HAS ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE SYMPHONY'S TAX RETURNS FOR TAX YEARS PRIOR TO 2022 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ANNUAL GALA 825720 412860 412860 182216 306663 HOLLY JOLLY 453202 50400 402802 128980 3 421772 47743 374029 102866 87229 1700694 511003 1189691 285082 522872 807954 381737 X 0 0 0 0 0 0 0 0 0 MR DAVID MCCLYMONT CEO 335119 0 0 0 12561 0 0 0 33719 0 381399 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN THE OFFICE BY THE BOARD MEMBERS PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REQUIRING ALL BOARD MEMBERS AND KEY EMPLOYEES TO SIGN AN ANNUAL DISCLOSURE FORM, AFFIRMING THAT THEY HAVE DISCLOSED ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE MEETS AT THE END OF THE YEAR TO REVIEW THE PAST YEARS FINANCIAL OVERVIEW TO DETERMINE THE EXECUTIVE DIRECTORS SALARY AND COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS FROM THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGE.