Hilton Head Symphony Orchestra Inc.

“The orchestra utilizes the services of an independent public accounting firm for the audit of its financial statements and the preparation of its federal income tax return form 990. Upon completion of form 990 by the accounting firm, a copy of the 990 is reviewed by the orcestra's accountant and chief executive officer. This copy is also made available to the finance committee or board of directors for their inspection before the 990 is filed. Once the orcestra's accountant and ceo have reviewed and approved the 990, the authorization to electronically file is signed by an authorized representative of the orchestra.”

“The orchestra has adopted the policy that in connection with any actual or possible conflict of interest, an individual must disclose the conflict (financial or otherwise), be given the opportunity to disclose all material facts to the directors and members of related committees. The governing board or committee shall decide if a material conflict exists. If the board determines that a conflict of interest does exist, the individual will be given the opportunity to resolve the conflict of interest or face dismissal.”

“The position of executive director is monitored by the governing board. The board of directors reviews the performance of the executive director and salary increases are subject to the boards approval. In the event of a vacancy in any management position, several members of the board of directors are appointed as the selection committee to interview and screen applicants suitable for the vacant position. The applicants chosen are then interviewed a second time by the governing board. All filled vacancies are subject to board approval.”

“The positions of key employees are monitored by the orchestra's management. Salary increases are subject to the approval of the governing board. In the event of a vacancy in any key employee positions, members of management screen applicants suitable for the position with new hirees subject to governing board approval.”

“The orchestra maintains a file on premises with copies of their charter, not-for-profit status letter, income tax returns, reviewed financial statements, and other governing documents as required in compliance with regulations related to the availability of such documents to the general public. A copy of federal form 990 is on file with the south carolina office of the secretary of state public charities division.”

“Guest artist fees 56,421 0 0 staff expenses - instit. 0 0 40,000 hall rental - fpc 35,649 0 0 staging services & tent 30,959 0 0 prizes - contestants 25,690 0 0 audio / visual 19,730 0 0 staging services 19,628 0 0 music director 16,307 0 0 main jury honorariums 14,300 0 0 guest artists' fees 12,094 0 0 hall rental 11,601 0 0 telephone 957 9,724 0 concerto administrator 10,000 0 0 audience development staf 0 0 10,000 music royalties 8,989 0 0 music rental & shipping 8,795 0 0 instruments 8,625 0 0 business meetings 0 7,140 0 guest artists travel 7,137 0 0 software support 0 6,731 0 sound & lighting 6,000 0 0 techs/ staging services 5,888 0 0 printing&design/program&p 5,707 0 0 carnegie hall publicist/p 5,651 0 0 bank charges 0 4,552 0 csj honorariums 4,500 0 0 utilities 0 4,303 0 office maintenance 0 4,201 0 membership & organization 0 3,996 0 sound recording & product 3,920 0 0 concerto prizes 3,800 0 0 instrument rental 3,480 0 0 postage/delivery services 0 3,304 0 carnegie hall rental 3,155 0 0 insurance premiums 0 2,842 0 audience development expe 0 0 2,831 creative design 2,538 0 0 carnegie hall reception 2,486 0 0 website develop & mainten 0 0 2,446 broadcasting & recording 2,440 0 0 grant writer 0 0 2,000 scholarship tuition 2,000 0 0 concerto judges 1,800 0 0 miscellaneous expenses 1,387 345 0 miscellaneous 1,264 0 0 materials and equipment 1,199 0 0 memberships 1,110 0 0 ambassador programs 1,100 0 0 dev fundraising expenses 0 0 1,011 fundraiser honorarium 1,000 0 0 piano evaluations 1,000 0 0 office supplies 929 0 0 hospitality - contestants 841 0 0 rack cards 494 0 307 instrument tuning 770 0 0 librarian 625 0 0 merchandise 563 0 0 libriarian 500 0 0 volunteer and miscellaneo 420 0 0 awards - contestants 338 0 0 recital ads & design 267 0 0 program/ flyers 243 0 0 reception food & drink 227 0 0 piano expenses/ steinway 225 0 0 organizational dues and f 0 210 0 carnegie invitations 150 0 0 carnegie program 142 0 0 piano tuning 125 0 0 hall rental - others 100 0 0 music rental 75 0 0 total 355,341 47,348 58,595”

“Expenses for fundraising activities 49,974 expenses for fundraising activities -49,974”