Detroit Symphony Orchestra Inc

“The detroit symphony orchestra, inc. Has members who may vote on members of the governing body.”

“Members of the finance and executive staff review the form 990 prior to filing. The return is then provided to the audit committee for review. A copy of the form 990 has been distributed to all members for their review prior to submission.”

“Annual forms are reviewed by staff, any issues are taken to audit committee for review and resolution.”

“Executive compensation (for ceo and music director) is determined by the board, with the recommendation of the executive compensation committee. Comparable data gathered from the league of the american orchestras and other comparable local data is used in determining these salaries. Salaries of other executives are determined by the ceo and is set using comparable local data and data gathered by the league of american orchestras. Individual salaries may or may not be reviewed by the executive compensation committee. The last compensation approval process for other executives occurred in october 2023.”

“Financial statements are only provided to board members, foundations, corporations, and donors of $2,500 or greater after a review of the formal request by management.”

“Compensation: erik ronmark is compensated for his role as ceo, not as director.”

“The dso is an inclusive and culturally relevant community where all people can experience their world through music. The dso's committment is broad, with service to more than 450,000 each season through classical, pops, jazz, family, neighborhood, multidisciplinary, educational, digital, and outreach presentations. With residencies in neighboring communities, rich partnerships with fellow institutions, unmatched educational programming, and the innovative leveraging of technology through our hd webcast series, accessibility is a principal dso value and we are committed to playing a critical role in the cultural and economic vitality of our region.”

“Guest conductors: program service expenses 1,274,434. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,274,434. Guest soloists: program service expenses 2,158,928. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,158,928. Consulting: program service expenses 129,771. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,771. Merchant services: program service expenses 48,903. Management and general expenses 461,087. Fundraising expenses 188,626. Total expenses 698,616. Licensing: program service expenses 368,882. Management and general expenses 97,645. Fundraising expenses 75,946. Total expenses 542,473. Building management fees: program service expenses 0. Management and general expenses 23,720. Fundraising expenses 0. Total expenses 23,720. Commissioning: program service expenses 3,107. Management and general expenses 29,297. Fundraising expenses 11,984. Total expenses 44,388.”

“Pension liability adjustment 831,243. Transfer to/from pension 816,235. Gain from insurance claim 194,696. Releases from restrictions 636,879.”

“Audit committee is responsible for oversight of audit. This process has not changed from the prior year.”