Jung-Ho Pak's contract was renewed for 5 years in 2021. (The Enterprise) (Cape Symphony)
Cape Arts and Entertainment's form 990 from 2022 reported that Jung-Ho Pak earned $180,000 in compensation from July 1, 2022 through June 30, 2023 (12 months). (ProPublica)
Jung-Ho Pak's final concert was in August of 2023. (Cape Cod Times)
Yet -
Cape Arts and Entertainment's form 990 from 2023 reported that Jung-Ho Pak earned $164,418 in compensation from July 1, 2023 through June 30, 2024 (12 months). (ProPublica)
It is reasonable for the public and donors to know why Jung-Ho Pak was paid $164,418 for two months of work during the 12-month period of this filing.
Slipped Disk reported that,
"For the past 16 years the Cape Symphony has gotten along happily with its artistic director Jung-Ho Pak. He was last renewed by the board for five years in 2021. Suddenly, there’s an announcement he’s leaving this weekend. No explanation from the board, the musicians, or the conductor himself. It all looks very – forgive me – fishy."
Waged reported above from the annual 990 filing are Reportable Compensation from the W-2. Severance payments are included in W-2 statements. Severance agreements often include monetary compensation in exchange for singed non-disclosure and/or non-disparagement agreements.