2026-02-27T10:32:55-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2024-07-01 340786212 TUESDAY MUSICAL ASSOCIATION TUES 3307613460 1041 W MARKET ST 200 AKRON OH 443137103 CYNTHIA SNIDER EXECUTIVE DIRECTOR 3307613460 2026-02-24 1 1 JENNIFER COLEMAN P00743188 3304972000 2026-02-24 2024 2025-03-06 01:10:19Z CYNTHIA SNIDER 1041 W MARKET ST 200 AKRON OH 443137103 3091299 0 X WWW.TUESDAYMUSICAL.ORG X 1887 OH BRINGING MUSIC'S POWER TO LIFE THROUGH PERFORMANCE, EDUCATION AND COMMUNITY CONNECTION. 21 21 3 65 0 0 513112 526771 244762 170517 152426 100371 0 0 910300 797659 38050 41250 0 0 209865 213806 0 0 36926 498383 526045 746298 781101 164002 16558 5783739 6362789 428337 457701 5355402 5905088 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 400102 41250 170517 TUESDAY MUSICAL ASSOCIATION ADVANCES THE TRANSFORMATIVE POWER OF MUSIC THROUGH PERFORMANCE, EDUCATION, AND ENGAGEMENT. FOUNDED IN 1887, TUESDAY MUSICAL IS ONE OF OHIO'S OLDEST AND MOST RESPECTED ARTS ORGANIZATIONS. WE PRESENT INTERNATIONALLY ACCLAIMED ARTISTS IN ACCESSIBLE, HIGH-QUALITY CONCERTS THAT ENRICH THE CULTURAL LIFE OF GREATER AKRON AND NORTHEAST OHIO. OUR PROGRAMS EXTEND FAR BEYOND THE STAGE, INCLUDING ROBUST EDUCATION INITIATIVES THAT SERVE STUDENTS OF ALL AGES, ANNUAL SCHOLARSHIP COMPETITIONS THAT SUPPORT EMERGING MUSICIANS, AND COMMUNITY COLLABORATIONS THAT FOSTER INCLUSION, DIVERSITY, HEALING, AND LIFELONG APPRECIATION OF THE ARTS. THROUGH THESE EFFORTS, TUESDAY MUSICAL PRESERVES ARTISTIC EXCELLENCE WHILE PROMOTING CULTURAL UNDERSTANDING ON A LOCAL AND GLOBAL SCALE. WE REMAIN ROOTED IN OUR GRASSROOTS LEGACY CREATED BY AND FOR MUSIC LOVERS AND COMMITTED TO ENSURING THAT THE ARTS REMAIN A VIBRANT, UNIFYING FORCE IN OUR REGION AND BEYOND. 400102 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 0 0 0 0 0 0 0 0 0 1 10 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 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 SUITE 200 AKRON OH 44313 CLAIRE PURDY BOARD PRESIDENT 2.50 X X 0 0 0 JAMES WILDING VICE PRESIDENT/PRESIDENT ELECT 2.50 X X 0 0 0 SALLY CHILDS SECRETARY 2.50 X X 0 0 0 PAUL MUCHA TREASURER 2.50 X X 0 0 0 LINDA LIESEM GOVERNANCE COMMITTEE CHAIR 1.50 X X 0 0 0 JENNIFER STENROOS BRAHMS ALLEGRO CHAIR 1.50 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 MICHELE MONIGOLD EDUCATION CO-CHAIR 2.50 X 0 0 0 BOBBIE EATON HOSPITALITY CHAIR 1.50 X 0 0 0 FRED SPECHT MEMBERSHIP CHAIR 1.50 X 0 0 0 STANISLAV GOLOVIN MEMBER PROGRAMS CHAIR 1.50 X 0 0 0 MARK GREER SCHOLARSHIP CO-CHAIR 1.50 X 0 0 0 GEORGE POPE SCHOLARSHIP CO-CHAIR 1.50 X 0 0 0 THERON BROWN MEMBER AT LARGE 1.50 X 0 0 0 DIANE KLEIN MEMBER AT LARGE 1.50 X 0 0 0 BRYAN MEEK MEMBER AT LARGE 1.50 X 0 0 0 MARIANNE MILLER MEMBER AT LARGE 1.50 X 0 0 0 LANDON NYANKO MEMBER AT LARGE 1.50 X 0 0 0 MARC WEAGRAFF MEMBER AT LARGE 1.50 X 0 0 0 SHIRLEY WORKMAN MEMBER AT LARGE 1.50 X 0 0 0 CYNTHIA SNIDER EXECUTIVE DIRECTOR 40.00 X 68878 0 9245 68878 0 9245 0 0 0 0 0 38572 488199 526771 CONCERT TICKET SALES 711300 142148 142148 MEMBERSHIP DUES 711300 9832 9832 SCHOLARSHIP APPLICATION FEES 711300 4880 4880 13657 13657 170517 144509 144509 2249502 2293640 -44138 -44138 -44138 797659 170517 0 100371 41250 41250 81463 52951 28512 101156 98418 2738 3035 2953 82 14399 551 12881 967 13753 3331 8202 2220 17920 17920 41271 41271 109068 109068 9331 5835 3496 128 128 26680 26680 7079 7079 1545 1545 5829 5829 ARTISTS' FEES 197940 197940 CONCERT EXPENSES 47196 47196 EDUCATION OUTREACH 37967 37967 CONCERT RECEPTIONS 4232 4232 19859 8849 8603 2407 781101 400102 344073 36926 327179 361014 626187 416226 10000 72000 170070 148205 7710 21865 4574367 5279561 238296 212123 5783739 6362789 4848 5566 101289 95333 276926 313273 45274 43529 428337 457701 X 3358822 3750216 1996580 2154872 5355402 5905088 5783739 6362789 16558 533128 0 X X 0 1 X 1 0 X 562851 606665 696484 513112 526771 2905883 562851 606665 696484 513112 526771 2905883 463284 2442599 82867 95828 112956 121298 144509 557458 33100 33100 3496441 931098 0.69860 0.68640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 4831496 36166 561718 41250 5388130 4268096 75034 595443 107077 4831496 3447491 524619 326986 31000 4268096 4074946 10000 -506480 130975 3447491 3401296 25775 801490 153615 4074946 0.60960 0.08600 0.30440 1 0 147370 146944 426 22700 1261 21439 21865 SHORT & LONG TERM LEASE LIABILITIES 43529 43529 1289516 533128 533128 756388 41271 41271 797659 739830 0 739830 41271 41271 781101 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 30 41250 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. FORM 990, PART VI, SECTION A, LINE 1A DURING THE TAX YEAR, THE GOVERNING BODY OF TUESDAY MUSICAL ASSOCIATION (TMA) DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE. THE COMMITTEE IS COMPOSED ENTIRELY OF VOTING MEMBERS OF THE GOVERNING BODY: THE PRESIDENT, VICE PRESIDENT/PRESIDENT ELECT, SECRETARY, TREASURER, AND CHAIR OF THE GOVERNANCE COMMITTEE. THE EXECUTIVE DIRECTOR SERVES AS A NON-VOTING EX OFFICIO MEMBER. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE FULL BOARD BETWEEN MEETINGS. ALL ACTIONS TAKEN ARE REPORTED TO THE BOARD FOR RATIFICATION AT ITS NEXT MEETING. NO MEMBERS OF THE EXECUTIVE COMMITTEE FALL OUTSIDE THE GOVERNING BODY, AND ITS AUTHORITY IS NOT LIMITED TO SPECIFIC AREAS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS UPDATED ITS CODE OF REGULATIONS TO ALLOW FOR UP TO 23 DIRECTORS, AN INCREASE FROM THE PREVIOUS LIMIT OF 21. ADDITIONALLY, THE NUMBER OF APPOINTED COMMITTEE CHAIRS OR CO-CHAIRS HAS BEEN EXPANDED FROM A RANGE OF 4-6 TO 4-8. 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. MEMBERS ARE ENCOURAGED TO ATTEND CONCERTS, MEMBER PROGRAMS, BUSINESS MEETINGS, AND EDUCATION/COMMUNITY ENGAGEMENT PROGRAMS. MEMBERSHIP CLASSIFICATIONS INCLUDE ACTIVE, LIFE/PAST PRESIDENTS, EMERITUS, HONORARY, AND YOUNG PROFESSIONALS (UNDER AGE 40, ELIGIBLE FOR REDUCED DUES). MEMBERS ARE INVITED TO PARTICIPATE IN COMMITTEES, RECRUIT NEW MEMBERS, AND SUPPORT TMA THROUGH FINANCIAL CONTRIBUTIONS. 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 REVIEWED ANNUALLY BY THE BOARD AND MANAGEMENT. IN CONNECTION WITH ANY ACTUAL OR POTENTIAL CONFLICT, AN INTERESTED PERSON MUST DISCLOSE THE FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE GOVERNING BOARD OR RELEVANT COMMITTEE. AFTER DISCLOSURE, THE INDIVIDUAL MUST LEAVE THE MEETING DURING DISCUSSION AND VOTING ON THE MATTER. THE REMAINING DISINTERESTED MEMBERS DETERMINE WHETHER A CONFLICT EXISTS AND, IF SO, WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS FAIR AND IN THE BEST INTEREST OF THE ORGANIZATION. THE BOARD ENFORCES THE POLICY THROUGH DOCUMENTED PROCEDURES AND DISCIPLINARY ACTION WHEN NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS AND REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. THE PROCESS INCLUDES PERFORMANCE EVALUATION AND APPROVAL BY INDEPENDENT BOARD MEMBERS. WHILE THE CODE OF REGULATIONS OUTLINES OVERSIGHT AND REVIEW, IT DOES NOT EXPLICITLY REFERENCE THE USE OF COMPARABILITY DATA OR CONTEMPORANEOUS DOCUMENTATION. HOWEVER, THE ORGANIZATION FOLLOWS STANDARD NONPROFIT PRACTICES TO ENSURE COMPENSATION IS REASONABLE AND ALIGNED WITH ITS CHARITABLE MISSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 TUESDAY MUSICAL ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THESE DOCUMENTS CAN ALSO BE ACCESSED THROUGH THE CULTURAL DATA PROJECT WEBSITE. REQUESTS MAY BE SUBMITTED TO THE ORGANIZATION'S OFFICE, AND DOCUMENTS ARE PROVIDED IN ELECTRONIC OR PRINTED FORMAT AS APPROPRIATE. 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, 2025 TUESDAY MUSICAL ASSOCIATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).