2016/17
NASHVILLE SYMPHONY
ANNUAL REPORT
M I S S I O N S TAT E M E N T The Nashville Symphony inspires, entertains and educates through excellence in musical performance. We will fulfill our mission by: • Achieving recognized excellence in orchestral performance. • Delivering consistently creative and innovative programming, with a focus on the creation, promotion and preservation of American repertoire. • Producing outstanding education and community engagement programs. • Creating, enabling and leading cultural impact.
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NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
TA B L E O F C O N T E N T S 2016/17 BY THE NUMBERS
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ARTISTIC PROGRAMMING HIGHLIGHTS
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RECORDINGS AND COMMISSIONS
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COMPOSER LAB & WORKSHOP
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EDUCATION & COMMUNITY ENGAGEMENT
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ACCELERANDO
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ECONOMIC IMPACT
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2016/17 BY THE NUMBERS 3 GRAMMYÂŽ Awards
61,000 people reached through free
70th anniversary season
education and community engagement programs
83 full-time musicians
$150,000 Futures Fund award
188 total concerts
159 ticketed performances 29 free performances
399 minutes of music by American composers
$15,000 Art Works grant awarded by the National Endowment for the Arts
presented by the League of American Orchestras to support diversity and inclusion in artistic programming and organizational culture
196,647 tickets sold $8.23 million in donations $10.1 million in ticket sales
54,000 hours of free programs and concerts provided to children and adults across Middle Tennessee
2 0 1 6 / 1 7 AT T E N D A N C E Ticket Sales:
196,647
Education & Community Engagement:
61,254
Nashville Ballet Performances:
33,062
Total
290,963
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
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ARTISTIC PROGRAMMING HIGHLIGHTS The Symphony earned three GRAMMY® Awards in 2017 for its recording of Michael Daugherty’s Tales of Hemingway on Naxos: • Best Classical Compendium • Best Instrumental Solo • Best Contemporary Classical Composition The Aegis Sciences Classical Series featured the music of American composers on every concert, including Leonard Bernstein, Samuel Barber, Aaron Copland, Philip Glass, Terry Riley, former Nashville Symphony Music Director Kenneth Schermerhorn and Nashville resident Edgar Meyer.
The Nashville Symphony made live recordings of six works by American composers, all slated for worldwide release on Naxos: • Jonathan Leshnoff’s Starburst • Aaron Jay Kernis’ Color Wheel • Terry Riley’s At the Royal Majestic • Kerry Turner’s Concerto for Horn and Orchestra • Behzad Ranjbaran’s Flute Concerto • John Harbison’s Requiem
Classical Series guest artists included pianist Conrad Tao, violinist Simone Porter, violinist Anne Akiko Meyers, cellist Zuill Bailey, double bassist Edgar Meyer and conductor Edo de Waart.
The Symphony received a $15,000 Art Works grant from the National Endowment for the Arts in support of its performances and recording of Terry Riley’s At the Royal Majestic.
Nashville Symphony musicians Jun Iwasaki, Érik Gratton and Leslie Norton all took the spotlight as soloists.
John Harbison’s Requiem was performed and recorded for future release, supported in part by a grant from the NEA. This project also incorporated a choral education initiative in collaboration with local schools.
Guest artists for jazz and pops concerts with the Symphony included Peter Cetera, The Chieftains, Byron Stripling and Marva Hicks, among others. The Symphony presented live movie and video game soundtracks, featuring movies from the Harry Potter series, as well as E.T., the Wizard of Oz and LA LA LAND. Concerts at Ascend Amphitheater included Boyz II Men, the Music of Led Zeppelin and Pokémon: Symphonic Evolutions.
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RECORDINGS AND COMMISSIONS
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
The Nashville Symphony released three recordings on Naxos: • Jennifer Higdon’s All Things Majestic • Richard Danielpour’s Songs of Solitude • Michael Daugherty’s Tales of Hemingway The Nashville Symphony commissioned New Piece for Orchestra by Nashvillebased bassist Edgar Meyer, his first-ever orchestral work without a soloist. View the Nashville Symphony’s discography
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
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COMPOSER LAB & WO R K S H O P Following her participation in the 2015 Composer Lab & Workshop, Gabriella Smith was invited to return to Nashville. In October, her imaginative work Tumblebird Contrails was performed on the Aegis Sciences Classical Series, and she returned several times throughout the year to meet with Nashville Symphony staff and musicians and other visiting composers. Gabriella discusses her experience with Composer Lab Learn more about Composer Lab
E D U C AT I O N & COMMUNITY E N G AG E M E N T The Nashville Symphony provides a wide array of free education and engagement opportunities at the Schermerhorn and out in the community. Many of our education programs align with state academic standards and provide lesson plans and other resources to participating educators. The Young People’s Concerts series reached 11,386 students over 10 concerts featuring works by Copland, Bernstein, Gershwin, Steve Reich and John Williams, among others. Teachers were provided access to downloadable curriculum with lesson plans and musical samples. The Symphony supported the development of young musicians in Nashville through master classes with highly trained professionals
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NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
and soloists. Simone Porter gave a master class for violin students during her visit to Nashville, and student musicians also had the opportunity to perform for mentors through three virtual master classes with New World Symphony musicians, culminating in a virtual Town Hall/Q&A session with Michael Tilson Thomas. Simone Porter discusses teaching master classes Through the Sectionals program, Symphony musicians visited schools around Middle Tennessee to offer resources, instruction and coaching for 1,022 band and orchestra students. Curb Open Dress Rehearsals offered student groups the opportunity to experience Nashville Symphony rehearsals free of charge. Throughout the season, 1,016 attendees got to witness international soloists including Anne Akiko Meyers, Edgar Meyer, Inon Barnatan and Simone Porter rehearse with the orchestra. Through the Ensembles in the Schools program, Nashville Symphony musicians presented age-appropriate small-ensemble concerts for young listeners. This program reached 2,435 students in 2016/17. Offered in partnership with the Country Music Hall of FameÂŽ, Is It a Fiddle or a Violin? reached 1,325 students with an interactive program that explores the connections between classical and country music. The Nashville Symphony gave its first Sensory Friendly Concert in March, offering a family-friendly concert of classical repertoire with flexible seating, quiet spaces, pre-concert activities, a resource fair and staff specially trained to accommodate patrons with sensory sensitivities. Free Day of Music, an annual fall event featuring more than 20 local performers, welcomed 6,283 audience members to the Schermerhorn to enjoy a variety of music throughout the day and into the night. The Community Concerts series brought the Nashville Symphony to outdoor locations across the mid-state area, from urban neighborhoods to outlying communities. In the 2016/17 season, the series reached 11,000 participants. Learn more about our Education programs NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
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Throughout the school year, each student received mentorship and private lessons from Nashville Symphony musicians, opportunities to perform in the community, free access to music theory and history courses through Vanderbilt University’s Blair School of Music PreCollege program, master class performance opportunities, and free admission to Classical Series concerts. Students also participated in year-end juried evaluations, receiving comments from Accelerando faculty.
AC C E L E R A N D O The Nashville Symphony marked the inaugural year of its Accelerando initiative in 2016/17. Funded in part by a grant from The Andrew W. Mellon Foundation, Accelerando is an intensive education program designed to prepare gifted young students of diverse ethnic backgrounds to pursue music at the collegiate level and beyond. Students selected for the first class in 2016/17 identified with Pakistani, African-American, Hispanic/Latino, Vietnamese and Syrian nationalities, ethnicities and cultural backgrounds. Meet the Students: • Bernard Ekwuazi, trombone: Grade 9, Blackman High School, Rutherford County Schools • Isabel Evernham, flute: Grade 9, Overton High School, Metro Nashville Public Schools • Aalia Hanif, flute: Grade 10, Central Magnet School, Rutherford County Schools
At the end of the first year of the program, Accelerando faculty asked participants to provide reflections on their experiences. Click here to read what they had to say. In 2018, Accelerando will serve 10 students. By the time the program is fully implemented in FY 2021, it will serve 24 students each year. Learn more
T H A N K YO U T O O U R C O R P O R AT E , F O U N DAT I O N A N D G OV E R N M E N T PA R T N E R S THE ANDREW W.
MELLON FOUNDATION
• Emily Martinez-Perez, viola: Grade 9, Hume-Fogg Academic Magnet High School, Metro Nashville Public Schools • Cedric Quinn, bassoon: Grade 10, McGavock High School, Metro Nashville Public Schools • Antonio Thai, violin: Grade 7, Martin Luther King Jr. Academic Magnet, Metro Nashville Public Schools
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NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
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E C O N O M I C I M PA C T In 2016/17 the Nashville Symphony and its audiences generated an estimated: • $32.5 million in expenditures – money that the Nashville Symphony spent on producing concerts that primarily went back into the local community, as well as money that audience members spent on travel, dining and hotels • 1,123 full-time equivalent jobs – the total number of jobs supported by the expenditures made by the Symphony and its audiences • $24.3 million in household income to community residents as a result of the expenditures made by the Symphony and its audiences • $1.47 milllion in local government revenue and $1.85 million in state government revenue. NOTE: All figures are estimates based on averages of similarly populated communities, provided by Americans for the Arts’ Arts and Economic Prosperity 5 Calculator. View the full report on the economic impact of the arts in Nashville.
N A S H V I L L E S Y M P H O N Y A S S O C I AT I O N
STATEMENTS OF FINANCIAL POSITION July 31, 2016 and 2015
ASSETS Current assets Cash and cash equivalents Accounts receivable Prepaid expenses and other assets Contributions receivable, net Other receivable Total current assets
66 %
PROGRAM REVENUE
73%
PROGRAMS
33 %
SUPPORT
11%
A D M I N I S T R AT I V E
CASH RESERVES
11%
MARKETING
5%
FUNDRAISING
1%
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USES OF FUNDS | 2016/17
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
2015
$6,174,215 763,713 1,307,714 2,388,468 3,368,099 14,002,209
$9,101,567 477,234 970,244 3,984,249 14,533,294
NONCURRENT ASSETS Certificates of deposit 2,400,000 Contributions receivable, net 3,119,333 Other receivable - Investments 747,862 Beneficial interests in trusts 9,669,101 Property and equipment, net 79,384,458 Total noncurrent assets 95,320,754
4,459,767 2,768,853 770,309 10,013,116 84,728,772 102,740,817
SOURCES OF FUNDS | 2016/17
2016
Total Assets
$109,322,963
$117,274,111
LIABILITIES AND NET ASSETS Current liabilities Accounts payable and accrued liabilities Deferred revenues Note payable – current Total current liabilities
$619,367 6,040,278 650,000 7,309,645
$627,201 5,527,637 650,000 6,804,838
LONG-TERM LIABILITIES Note payable
20,632,192
21,282,192
Total liabilities
27,941,837
28,087,030
NET ASSETS Unrestricted Temporarily restricted Permanently restricted Total net assets
70,836,050 7,906,605 2,638,471 81,381,126
76,030,392 10,548,538 2,608,151 89,187,081
$109,322,963
$117,274,111
Total liabilities and net assets
NASHVILLE SYMPHONY | 2016/17 ANNUAL REPORT
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One Symphony Place, Nashville TN 37201 | NashvilleSymphony.org