Los Angeles Philharmonic Association

“The executive committee formulates, supervises, and implements the policies of the corporation under the direction of the board of directors. Members are appointed to the executive committee, which consists of the chairman of the board, vice chairs, and the chairs of the major committees. Additional directors may be appointed by the chairman and approved by the board of directors.”

“The draft form 990, with the exception of schedule b, is provided to the audit committee for their review prior to the meeting with the tax accountants and staff. During this meeting, the audit committee inquires and recommends any changes needed, then approves the form 990 for filing. The final draft of the form is made available to the board of directors prior to electronic filing.”

“The organization reviews conflicts of interest annually for the board of directors, officers, and key employees. If a conflict of interest is identified, the organization will coordinate with legal and the board of directors to resolve.”

“The compensation committee of independent directors reviews and approves in advance the compensation package for officers and key employees based on a comparative analysis of the compensation of similarly situated officers and employees at similar organizations prepared internally with the periodic assistance of a qualified independent compensation consultant. For the ceo's employment contract, the compensation committee engaged an independent compensation consultant to provide a detailed comparative analysis of other ceo compensation at similar organizations to support the reasonableness of his total compensation package. The compensation terms and the results of both the internal and independent compensation analyses were then reviewed and discussed in detail with the input of the compensation consultant and approved in advance by an authorized body of independent directors. Finally, the entire process was concurrently documented detailing the analysis and basis for the compensation determination.”

“All governing documents, conflict of interest policy, information returns, and financial statements are available to the public upon request.”

“Compensation received from unrelated organization gustavo dudamel ramirez serves as the music & artistic director of the la philharmonic association as a salaried employee. In addition to this role, mr. Ramirez provides services as a conductor to the association. Mr. Ramirez is compensated for conductor services through payments to his corporation, egmont corporation. The amounts paid to egmont for his conducting services are included as compensation in part vii and schedule j. These amounts are also disclosed in part vii, section b as egmont is one of the organization's highest paid contractors.”

“Guest performers: program service expenses 19,720,725. Fundraising expenses 5,000. Total expenses 19,725,725. Contract services: program service expenses 11,950,113. Management and general expenses 3,005,262. Fundraising expenses 345,977. Total expenses 15,301,352. Contract buses: program service expenses 3,939,196. Total expenses 3,939,196. Contract security: program service expenses 2,833,077. Total expenses 2,833,077. Other: program service expenses 3,730,671. Management and general expenses 42,417. Fundraising expenses 6,034. Total expenses 3,779,122.”

“Pension plan actuarial changes 1,154,460.”