2024-12-10T17:41:13-06:00 2024-06-30 910189318 MOSS ADAMS LLP 975 OAK STREET SUITE 500 EUGENE OR 97401 990 2023-10-01 237148171 LA JOLLA MUSIC SOCIETY LAJO 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 TODD SCHULTZ PRESIDENT & CEO 8584593724 2024-12-09 1 1 SAMANTHA MASLIN P02068679 5416861040 2024-12-09 2023 2024-10-15 13:58:12Z THE CONRAD TODD SCHULTZ 7600 FAY AVENUE LA JOLLA CA 92037 9958647 0 X WWW.THECONRAD.ORG X 1969 CA TO ENHANCE CULTURAL LIFE AND ENGAGEMENT BY PRESENTING AND PRODUCING A WIDE RANGE OF PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY, AND TO MAKE THE CONRAD PREBYS PERFORMING ARTS CENTER A VIBRANT AND INCLUSIVE HUB. 31 31 64 100 0 0 5538218 3936841 1582168 1833912 380478 389376 1332208 159353 8833072 6319482 0 0 0 0 3304188 2762654 0 0 1230487 6093437 4930178 9397625 7692832 -564553 -1373350 84401895 85263101 1116877 1633696 83285018 83629405 X TO ENHANCE CULTURAL LIFE AND ENGAGEMENT BY PRESENTING AND PRODUCING A WIDE RANGE OF PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY, AND TO MAKE THE CONRAD PREBYS PERFORMING ARTS CENTER A VIBRANT AND INCLUSIVE HUB. 0 0 5175021 1833912 THE CONRAD PREBYS PERFORMING ARTS CENTER SERVES SERVING THE ENTIRE SAN DIEGO AREA WITH CULTURAL, ARTS, EDUCATION, AND COMMUNITY EVENTS AND PROGRAMMING. AS THE PERMANENT HOME OF LA JOLLA MUSIC SOCIETY, THE CONRAD PRESENTS SOME OF THE WORLD'S MOST RENOWNED ARTISTS IN AN INTIMATE AND BEAUTIFUL SETTING AND, AS AN ACOUSTIC JEWEL IN SOUTHERN CALIFORNIA, IS AN IDEAL LOCATION FOR CHAMBER MUSIC, CLASSICAL RECITALS, SOLO PIANO, VOICE, AND MORE. ADDITIONALLY, LJMS PRESENTS A BROAD RANGE FROM JAZZ AND MARIACHI TO DANCE AND AN ACCLAIMED LECTURE SERIES. CONNECTED WITH THIS PROGRAMMING IS A MYRIAD OF NEARLY 150 EDUCATION ACTIVITIES PRODUCED EACH YEAR FOR STUDENTS OF ALL AGES. ADDITIONALLY, THE CONRAD, AS A RENTAL VENUE, SERVES AS HOME TO OTHER NON-PROFITS FOR EVENTS AND CONCERTS AND IS AVAILABLE TO FOR-PROFIT COMPANIES AND INDIVIDUALS TO RENT. 5175021 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 141 0 1 64 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TODD SCHULTZ 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 PETER WAGENER CHAIR 5.00 X X 0 0 0 VIVIAN LIM VICE-CHAIR 5.00 X X 0 0 0 BERT CORNELISON TREASURER 5.00 X X 0 0 0 SHARON COHEN SECRETARY 5.00 X X 0 0 0 STEVE BAUM MEMBER 3.00 X 0 0 0 MARY ANN BEYSTER MEMBER 3.00 X 0 0 0 ELEANOR CHARLTON MEMBER 3.00 X 0 0 0 RIC CHARLTON MEMBER 3.00 X 0 0 0 MARY ELLEN CLARK MEMBER 3.00 X 0 0 0 ELLISE COIT MEMBER 3.00 X 0 0 0 ANN DYNES MEMBER 3.00 X 0 0 0 JENNIFER EVE MEMBER 3.00 X 0 0 0 DEBBY FISHBURN MEMBER 3.00 X 0 0 0 STEPHEN GAMP MEMBER 3.00 X 0 0 0 LEHN GOETZ MEMBER 3.00 X 0 0 0 JOHN HESSELINK MEMBER 3.00 X 0 0 0 SUSAN HOEHN MEMBER 3.00 X 0 0 0 SUE MAJOR MEMBER 3.00 X 0 0 0 RICHARD NORLING MEMBER 3.00 X 0 0 0 ARMAN ORUC MEMBER 3.00 X 0 0 0 THOMAS RASMUSSEN MEMBER 3.00 X 0 0 0 SYLVIA RE MEMBER 3.00 X 0 0 0 LEIGH RYAN MEMBER 3.00 X 0 0 0 SHERYL SCARANO MEMBER 3.00 X 0 0 0 MARGE SCHMALE MEMBER 3.00 X 0 0 0 MAUREEN SHIFTAN MEMBER 3.00 X 0 0 0 JEANETTE STEVENS MEMBER 3.00 X 0 0 0 STEPHANIE STONE MEMBER 3.00 X 0 0 0 DEBRA TURNER MEMBER 3.00 X 0 0 0 LISE WILSON MEMBER 3.00 X 0 0 0 BEBE ZIGMAN MEMBER 3.00 X 0 0 0 TODD SCHULTZ PRESIDENT & CEO 40.00 X 313216 0 20127 LEAH ROSENTHAL ARTISTIC DIRECTOR 40.00 X 136306 0 11506 KARIN BURNS DIRECTOR OF FINANCE 40.00 X 121917 0 14753 FERDINAND GASANG DIRECTOR OF DEVELOPMENT 40.00 X 130110 0 11628 ALLISON BOLES DIRECTOR OF LEARNING & ENGAGEMENT 40.00 X 102707 0 9422 TOM JONES DIRECTOR OF OPERATIONS 40.00 X 129644 0 9983 933900 0 77419 6 0 1 0 THEATRICAL PAYROLL SERVICES 3737 CAMINO DEL RIO SOUTH SUITE 30 SAN DIEGO CA 92108 IATSE LABOR COSTS 193612 GIUSEPPE RESTAURANTS & FINE CATERING 4901 MORENA BLVD SUITE 804 SAN DIEGO CA 92117 CATERING 148011 SELBY ARTISTS MANAGEMENT 262 WEST 38TH ST SUITE 1701 NEW YORK NY 10018 ARTIST FEE 147143 OPUS 3 ARTISTS 348 W 57TH ST SUITE 282 NEW YORK NY 10019 ARTIST FEE 122530 4 921216 332008 2683617 96189 3936841 TICKET SALES 711190 1748063 1748063 OTHER PERFORMANCE REVE 711190 85849 85849 1833912 392422 392422 461518 19031 243185 19031 218333 0 218333 218333 3269012 3272058 -3046 -3046 -3046 24843 921216 104891 -80048 -80048 6344 0 6344 6344 OTHER INCOME 711190 14724 14724 14724 6319482 1833912 0 548729 X 486828 126492 284180 76156 1897549 1530569 155681 211299 36792 30669 6123 158596 135926 9592 13078 182889 132245 28492 22152 72463 72463 59011 59011 1971805 1928143 27577 16085 93793 93793 285094 141609 103608 39877 251441 125721 75432 50288 130897 121428 7403 2066 1339992 535997 267998 535997 79630 39815 23889 15926 ADMINISTRATIVE 344703 166180 112051 66472 CATERING 114264 77 114187 DUES AND SUBSCRIPTIONS 59479 39582 15546 4351 MAINTENANCE AND REPAIRS 51349 25674 15405 10270 76257 1101 28996 46160 7692832 5175021 1287324 1230487 1610690 2396117 1983612 2498020 4162334 2356352 13318 56449 269969 349448 72782545 9379703 64397236 63402842 11341192 13527721 623544 676152 84401895 85263101 349793 568982 767084 1064714 1116877 1633696 X 78195439 79122868 5089579 4506537 83285018 83629405 84401895 85263101 -1373350 1717737 0 X 0 1 X 1 0 X 4753056 4637754 8299341 5538218 3936841 27165210 4753056 4637754 8299341 5538218 3936841 27165210 4191447 22973763 336224 269589 538106 969581 872971 2986471 1050983 0 1050983 25388 3401 31947 29716 21068 111520 31314184 6846283 0.73370 0.53260 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 25,388. 2020 AMOUNT: $ 3,401. 2021 AMOUNT: $ 31,947. 2022 AMOUNT: $ 29,716. 2023 AMOUNT: $ 21,068. PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION IS FILING A SHORT-YEAR RETURN IN 2023 IN ORDER TO CHANGE THE CURRENT YEAR END FROM 9/30 TO 6/30. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10816756 1763687 12026 12568417 1930809 7683604 1225755 23412 10816756 2232392 -279132 22451 1930809 1969462 284074 21144 2232392 1869005 129494 29037 1969462 0.80700 0.15260 0.04040 1 0 12045743 12045743 56626472 6999550 49626922 3269489 1902075 1367414 840841 478078 362763 63402842 X 8233880 1717737 255672 1973409 6260471 59011 59011 6319482 7889493 255672 255672 7633821 59011 59011 7692832 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE GENERAL OPERATIONS OF LA JOLLA MUSIC SOCIETY ("LJMS"). PART X, LINE 2: LJMS IS A PUBLIC CHARITY AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. LJMS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. LJMS IS NOT A PRIVATE FOUNDATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 262,216. SPECIAL EVENT EXPENSES -6,544. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 262,216. SPECIAL EVENT EXPENSES -6,544. WINTERFEST GALA 946059 921216 24843 33612 52107 2535 16637 946059 921216 24843 33612 52107 2535 16637 104891 -80048 X X X 0 0 0 0 0 0 0 0 0 TODD SCHULTZ PRESIDENT & CEO 313216 0 0 0 0 0 9338 0 10789 0 333343 0 0 0 X 7 38607 FMV X 3 11466 FMV X WINE, DESSERT 4 46116 FMV 0 0 1 0 PART I, COLUMN (B): THE CONTRIBUTIONS ARE LISTED AS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE REVIEWS THE FORM 990 IN DETAIL. SHE PROVIDES THE AUDIT COMMITTEE WITH A GENERAL OVERVIEW OF THE FORM 990 AND ITS COMPONENT PARTS. SHE ALSO HOLDS A SUMMARY MEETING WITH THE PRESIDENT/CEO WHO PROVIDES FINAL APPROVAL. A COMPLETE COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF THE BOARD, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE ENCOURAGED TO REPORT ANY CONFLICTS OF INTEREST TO THE PRESIDENT. FAILURE TO REPORT CONFLICTS ARE GROUNDS FOR TERMINATION. THE PRESIDENT MUST REPORT TO THE BOARD ANY CONFLICTS OF INTEREST. IN REGARD TO BOARD MEMBERS, LA JOLLA MUSIC SOCIETY SENDS OUT AN ANNUAL EMAIL TO ALL BOARD MEMBERS ASKING IF ANY CONFLICTS OF INTEREST MAY EXIST. BOARD MEMBERS ARE ALSO ASKED ABOUT CONFLICTS OF INTEREST DURING THE ANNUAL MEETING OR THE FIRST MEETING OF THE NEW FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SUPERVISES AND APPROVES COMPENSATION FOR THE ORGANIZATION'S PRESIDENT. A PERFORMANCE REVIEW EXCERPTED FROM "BOARDROOM DANCING: A PRACTICAL HANDBOOK FOR NONPROFIT BOARDS," PUBLISHED BY COMPASSPOINT NONPROFIT SERVICES WAS USED. COMPENSATION INFORMATION WAS GATHERED FROM ALL OF THE MAJOR ARTS ORGANIZATIONS IN SAN DIEGO AS WELL AS FROM THE EXECUTIVE RECRUITER THAT ASSISTED IN THE HIRING OF PREVIOUS PRESIDENTS. DATA FROM A COMPENSATION STUDY OF PRESIDENTS IN NOT-FOR-PROFIT ORGANIZATIONS WITH SIMILAR BUDGET SIZES WAS USED TO CREATE A FAIR COMPENSATION PACKAGE. THIS PROCESS LAST OCCURRED IN DECEMBER 2022. THE ONLY OTHER OFFICER THAT THE ORGANIZATION HAS IS THE ARTISTIC DIRECTOR WHOSE SALARY IS SET BY THE ORGANIZATION'S CEO. THIS PROCESS WAS LAST CONDUCTED IN JULY 2023. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 LJMS MAKES ITS AUDITED FINANCIAL STATEMENTS, FORM 990, GOVERNING DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PRODUCTION FEES: PROGRAM SERVICE EXPENSES 539,369. MANAGEMENT AND GENERAL EXPENSES 1,501. FUNDRAISING EXPENSES 10,585. TOTAL EXPENSES 551,455. ARTIST: PROGRAM SERVICE EXPENSES 1,346,834. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 5,500. TOTAL EXPENSES 1,352,334. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 41,940. MANAGEMENT AND GENERAL EXPENSES 26,076. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,016. 7600 FAY AVENUE LLC 7600 FAY AVENUE LA JOLLA CA 92067 465723508 REAL ESTATE CA 1516310 74894109 LA JOLLA MUSIC SOCIETY