Nashville Symphony Association

“Article iv, section 4.1 delegation of power to executive committee. (a) the executive committee shall manage the business and affairs of the association except as otherwise limited by these bylaws, the charter or the act. The executive committee may advise the board on all matters and shall report to the board on all decisions made or actions taken by it which the executive committee or the chairman reasonably determine to be major decisions or actions. The executive committee shall be assisted by such administrative staff as the chairman or the president and ceo may determine. Except as otherwise provided in this article, the provisions of article 5 shall apply to the executive committee. (b) the executive committee shall have the power and authority (i) to appoint, negotiate and approve the terms of employment of, and evaluate the performance of the president and ceo and the music director and conductor; (ii) approve agreements with the musicians' union (with any member who is an orchestra member being excluded, except by invitation of the chairman); (iii) monitor compliance with the budget; (iv) establish and implement operating policies and procedures; (v) supervise the operations and functions of the other committees and receive reports from these committees on request or as required by these bylaws; and (vi) approve a sale, lease or pledge of less than all or substantially all of the assets of the association. The executive committee shall have no power to amend any resolution of the board or the budget. During discussions of salary or sensitive personnel matters, the executive committee may exclude association employees.”

“Lee ann ingram and martha ingram - family relationship”

“Article 3, section 3.3 elections and terms: has been amended to state that directors shall serve a 3-year term (instead of either a one, two, or three-year term).”

“The form 990 is prepared by the controller; a draft is reviewed by the organization's public accounting firm, the cfo, the audit committee chair, and the board treasurer. Prior to filing of the final form 990, a full copy, including supplemental schedules, is provided to the full governing body.”

“The nashville symphony's conflict of interest policy covers all employees, officers, directors, trustees, or any others in a fiduciary relationship with the nashville symphony and is administered by the executive committee. At least once per year, the executive committee will advise the board of any significant events which relate to the policy. Conflicts which are not disclosed to a committee or to the board of directors in approving symphony action are to be reported to the president and ceo of the symphony or to a member of the executive committee so that an independent determination can be made of the situation. Any symphony fiduciary or symphony employee who feels that he or she may have a conflict of interest or be aware of a conflict situation, actual, potential or perceived, may report pertinent details to the president and ceo of the symphony or a member of the executive committee. The president and ceo will be responsible for referring the matter to the executive committee of the symphony. The executive committee will review the information, and investigate it further if necessary. If such a conflict is determined to exist, the individual with the conflict will be prohibited from participating in the deliberations and decisions regarding the transaction in question.”

“Typically, the organization utilizes surveys and research of local, regional and national organizations of similar size and makeup to accumulate fair and reasonable compensation data for officers and key employees on an annual basis for the compensation committee to review. In fiscal year 2014, this review led to the compensation committee maintaining the status quo that had been established in fiscal year 2013, which was to maintain the salary reductions of upper management in the 11% to 15% range.”

“All officers and key employees included in the compensation review were as follows: music conductor, president & ceo, cfo, general manager, interim coo, and concertmaster.”

“Governing documents and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104 and are not available to the public at this time. The nashville symphony does, however, make its annual financial audit & the 990 available on its own website.”

“Artistic vision statement: achieve recognized artistic excellence in the performance and presentation of the highest quality music, with a focus on the creation, promotion and preservation of a distinctly american repertoire. Education vision statement: engage and enrich people of all ages by exploring, experiencing and creating music.”

“Guest artist fees - total expense: 3494849, program service expense: 3494849, management and general expenses: , fundraising expenses: ; consulting/donor study - total expense: 74648, program service expense: 0, management and general expenses: 0, fundraising expenses: 74648; advocacy fees - total expense: 24002, program service expense: 0, management and general expenses: 24002, fundraising expenses: 0;”

“Beginning of year balances were reclassified for presentational purposes to agree to year end reporting.”

“Beginning of year balances were reclassified for presentational purposes to agree to year end reporting.”

“Tax cost adjustments - 82714; uncollectible pledge allowance - -132330;”