Seattle Symphony Orchestra Inc

“Members of the seattle symphony orchestra are any individuals, households or organizational entities recorded in the symphony offices as making a direct monetary contribution during the immediate prior fiscal year period of such type, kind or amount as the board of directors shall determine from time to time. Each member has one vote at any meeting of members.”

“The governance committee identifies nominees for board of director positions and submits them to the executive committee for approval or disapproval of candidates. Nominees may be made by a group of at least five directors or a group of at least twenty five members. The board votes to approve or disapprove of such nominees for consideration. The members of the seattle symphony orchestra vote to elect the approved nominees to the board of directors.”

“Prior to filing, the form 990 will be reviewed by the interim president & ceo, interim cfo, controller and the senior accountant. The board audit committee also reviews the report prior to filing. The public disclosure copy of the return is available to all board members at the seattle symphony orchestra's offices.”

“At the beginning of each fiscal year, all elected directors receive the conflict of interest policy, the board roles & responsibilities document, the code of conduct, and an acknowledgment statement stating the director has read and understands these documents. The conflict of interest policy includes definitions and procedures for avoiding and/or dealing with potential conflicts between a director and the seattle symphony orchestra regarding financial and compensation matters, both direct and indirect. Procedures include a duty to disclose potential conflicts, recusal from decision making regarding any relevant transaction or arrangement, and investigation and assessment of the impact of the potential transaction or arrangement; these procedures are submitted to the board for its consideration. Each director signs, dates, and returns the acknowledgment statement to the seattle symphony orchestra.”

“The ceo's salary is reviewed by the board executive committee on an annual basis, per contract. The most recent review of the ceo's salary was effective september 1, 2023. The other officer's positions are also reviewed on an annual basis and adjustments are made based upon performance and scope of responsibility. The most recent review of officer's salaries was effective september 1, 2023. General staff salaries are also reviewed and adjusted on an annual basis; which also took place in september 1, 2023. Primary resources used to establish the rates include, performance, scope of responsibility and market within the symphonic and arts industries.”

“Governing documents, conflict of interest policy, and financial statements are available on request. A financial statement summary is published each year in the organization's annual report.”

“Volunteers serve on the board and committees, assist with administrative and outreach activities, and help with fundraising. Volunteers and their hours are tracked by the volunteer coordinator.”

“Change in value of split interest agreements 352,098. Excess pension liability gain 1,116,977.”