Baltimore Symphony Orchestra Inc

“The form 990 was reviewed and approved by the executive committee, a sub-committee of the board of directors, prior to submission. A copy of the form 990 was also emailed to the full board for review prior to filing.”

“The bso has a conflict of interest policy that is available to all employees in the staff employee handbook. The handbook is issued to every new employee of the bso and the employee must sign to say that they have read and understood the information provided. The conflict of interest policy is monitored by management with emphasis on those areas that are especially susceptible to possible conflicts. Any potential conflicts would be dealt with on an individual basis by the president/ceo and the director of human resources as necessary. The policy and its application shall be reviewed annually for the information and guidance of directors, officers, and staff members, each of whom has a continuing responsibility to scrutinize their transactions and outside business interests and relationships for potential conflicts of interest, and make such disclosures as described in this policy. Each director and senior staff member will be asked to complete a certification of agreement with the policy and disclosure of any known conflicts of interest upon his or her election or re-election to the board or commencement of employment and annually thereafter.”

“Bso formed a compensation committee to specifically deal with the contract of the president and ceo. The committee initiated research to determine reasonable compensation. That research was based on compensation information received from orchestras of comparable size in revenue, season length and orchestra size. Upon review of the data received, the committee reached a conclusion and the specific contract was negotiated directly with the employee. It is the intention of the board of directors to keep the compensation committee active and available to handle compensation issues of the president and ceo.”

“The organization's governing documents, conflict of interest policy, financial statements and form 990 are available to the public upon request.”

“Contractual services: program service expenses 777,138. Management and general expenses 541,224. Fundraising expenses 31,421. Total expenses 1,349,783. Conductors & guest artists: program service expenses 2,318,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,318,375.”

“Pension related changes including net periodic pension costs 2,537,697.”

“The process has not changed from the prior year.”