2025-05-13T12:12:01-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2023-07-01 320083030 SYMPHONY SAN JOSE SYMP 4082862600 325 S 1ST STREET 160 SAN JOSE CA 95113 ROBERT MASSEY CEO & EXECUTIVE ARTISTIC DIRECTOR 4082862600 2025-05-08 1 1 MATTHEW PETROSKI P00853132 4082006400 2025-05-08 2023 2025-03-06 01:10:19Z ROBERT MASSEY 325 S 1ST STREET 160 SAN JOSE CA 95113 2971298 0 X WWW.SYMPHONYSANJOSE.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 6 6 473 75 0 0 1189615 1087050 1187505 983471 65791 100275 0 1574 2442911 2172370 0 0 0 0 2158625 2006103 0 0 188523 1402608 868537 3561233 2874640 -1118322 -702270 3507469 3304964 683837 766886 2823632 2538078 X TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 1 0 1962485 773445 CLASSICS CONCERTS - THE CORNERSTONE OF THE SYMPHONY'S ARTISTIC SEASON IS ITS 14-CONCERT CLASSICS SERIES. THIS PROGRAM SERVES APPROXIMATELY 12,000, INCLUDING SEASON SUBSCRIBERS AND SINGLE TICKET BUYERS. A VAST MAJORITY OF THE SYMPHONY'S INDIVIDUAL DONORS ALSO ATTEND. THESE CONCERTS ARE LED BY A ROSTER OF INTERNATIONALLY-ACCLAIMED CONDUCTORS AND FEATURE AS SOLOISTS BOTH THE ORCHESTRA'S PRINCIPALS AND WORLD-RENOWN GUEST ARTISTS. THE EXECUTIVE ARTISTIC DIRECTOR DESIGNS EACH PROGRAM, DRAWING ON THE MASTERY OF THE ORCHESTRA, CONDUCTOR, AND SOLOIST, PROVIDING STIMULATING CONCERT EXPERIENCES TO AUDIENCES. CLASSICS PROGRAMS ACCOUNT FOR THE MAJORITY OF THE ORCHESTRA'S AND THEATER STAFF'S ANNUAL PAYROLL. 305384 182296 SPECIAL PRESENTATIONS - THE SYMPHONY'S NON-CLASSICS PERFORMANCES THIS YEAR INCLUDED TWO PERFORMANCES OF THE HOLIDAY POPS CONCERT CHRISTMAS AT THE CALIFORNIA, AS WELL AS TWO PERFORMANCES OF THE FILM WITH ORCHESTRA, E.T. - THE EXTRA-TERRESTRIAL, PERFORMED WITH THE MOVIE PROJECTED ON A GIANT SCREEN ABOVE THE ORCHESTRA. THESE CONCERTS ATTRACTED NEARLY 5,000 AUDIENCE MEMBERS, MANY OF WHOM WERE NEW. 55209 27730 CHORALE PROGRAMS - THESE CONCERTS FEATURE THE SYMPHONY SAN JOSE CHORALE AND INCLUDE AN ANNUAL FALL AND SPRING CONCERT IN LOCAL CHURCHES. APPROXIMATELY 1,000 PEOPLE ATTENDED. 2323078 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 0 0 0 0 0 1 36 0 1 473 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ROBERT MASSEY CEO & EXECUTIVE ARTISTIC DIRECTOR 4082862600 325 SOUTH FIRST STREET SUITE 160 SAN JOSE CA 95113 BUNNY LADEN CHAIR 5.00 X X 0 0 0 NANCY JOHNSON SECRETARY 1.00 X X 0 0 0 LLOYD SCHMIDT TREASURER 5.00 X X 0 0 0 NICHOLAS ADAMS TRUSTEE 1.00 X 0 0 0 SHARYN BIRES TRUSTEE 1.00 X 0 0 0 SARALYN WINSLOW TRUSTEE 1.00 X 0 0 0 ROBERT MASSEY CEO & EXECUTIVE ARTISTIC DIRECTOR 40.00 X 182525 0 13180 182525 0 13180 1 0 1 0 0 51450 214411 821189 47249 1087050 SINGLE TICKET SALES 711130 475776 475776 SUBSCRIPTION TICKET SA 711130 380089 380089 PERFORMANCE FEES 711130 127606 127606 983471 93583 93583 775994 769302 6692 6692 6692 31200 51450 29626 1574 1574 2172370 983471 0 101849 195706 146779 19571 29356 1658094 1520679 25492 111923 85912 85912 23067 9195 13225 647 43324 30055 3066 10203 963 963 96240 96240 18408 18408 235768 197727 38041 63967 2971 59874 1122 99276 48747 50529 2633 2633 27697 25202 2495 26589 7244 19345 PRODUCTION EXPENSES 226530 188060 3739 34731 BOX OFFICE/TICKET OFFIC 70466 57874 12051 541 2874640 2323078 363039 188523 159662 193355 48628 9191 10140 0 51151 6222 22718 63051 365091 259895 132893 105196 2968996 2871238 113281 56711 3507469 3304964 241641 97547 327099 414247 0 195000 115097 60092 683837 766886 X 766432 210586 2057200 2327492 2823632 2538078 3507469 3304964 -702270 416716 0 X 0 1 X 1 0 X 1763605 1834532 2783193 1189615 1087050 8657995 1763605 1834532 2783193 1189615 1087050 8657995 506644 8151351 80664 71096 123296 90562 93583 459201 1574 1574 9118770 4242152 0.89390 0.88790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2541200 495038 165000 2871238 2859493 269503 587796 2541200 3261974 -302481 100000 2859493 2449542 450000 482432 120000 3261974 2476410 93132 120000 2449542 0.05155 0.83413 0.11432 0 0 365091 259895 105196 105196 LEASE LIABILITY 60092 60092 X 2610304 416716 10000 29626 456342 2153962 18408 18408 2172370 2895858 10000 29626 39626 2856232 18408 18408 2874640 PART V, LINE 4: THE SYMPHONY NEEDS THE LIQUIDITY TO BE ABLE TO DRAW APPROXIMATELY 5% OF THE PRINCIPAL ANNUALLY TO SUPPLEMENT THE OPERATING BUDGET. THE GOAL OF THE SPENDING POLICY IS TO APPLY A DISCIPLINED AND REASONED APPROACH TO MOVING MONEY FROM THE ENDOWMENT FUND TO ITS BENEFICIARY ON A PREDICTABLE, CONSISTENT BASIS. THE CURRENT SPENDING POLICY IS BASED ON THE PAYOUT RATE MULTIPLIED BY THE AVERAGE MARKET VALUE OF THE FUND OVER THE PREVIOUS 12 QUARTERS. A 2-7% RANGE WILL BE IN PLACE TO ALLOW FOR BOARD DISCRETION DURING PARTICULARLY VOLATILE PERIODS. NOTWITHSTANDING THESE SPENDING PARAMETERS, THE ORIGINAL CORPUS SHALL NOT BE INVADED EXCEPT AS PROVIDED WITHIN THE SPECIFIC DONOR TERMS FOR THE $1 MILLION GIFT AS DESCRIBED ABOVE. ANY CHANGES TO THE ENDOWMENT'S SPENDING POLICY SHALL BE RECOMMENDED BY THE INVESTMENT COMMITTEE AND/OR INVESTMENT ADVISORS, WITH ULTIMATE APPROVAL BY THE BOARD OF TRUSTEES. PART X, LINE 2: THE SYMPHONY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. IN ADDITION, THE SYMPHONY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE SYMPHONY IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE SYMPHONY FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE SYMPHONY'S FEDERAL RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2021 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2020 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES NETTED AGAINST REVENUE 29,626. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES NETTED AGAINST REVENUE 29,626. CINDERELLA BALL 67700 51450 16250 12220 16337 1069 67700 51450 16250 12220 16337 1069 29626 -13376 X X X X X X 0 0 0 0 0 0 0 0 0 ROBERT MASSEY CEO & EXECUTIVE ARTISTIC DIRECTOR 182525 0 0 0 0 0 0 0 13180 0 195705 0 0 0 X 5 47249 PUBLICLY TRADED EXCHANGE 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 2 THIS YEAR SAW THE INAUGURAL HOLIDAY POPS PERFORMANCES. FORM 990, PART VI, SECTION A, LINE 4 THE SYMPHONY SAN JOSE AMENDED AND RESTATED ITS BYLAWS THAT TOOK EFFECT ON 03/11/2024 TO REFLECT UPDATES IN THE ORGANIZATION'S NAME, GOVERNANCE PROCEDURES AND ORGANIZATIONAL STRUCTURE. UNDER THE NEW BYLAWS, THE DESIGNATION AND RELOCATION OF THE CORPORATION'S PRINCIPAL OFFICE IS NOW EXPRESSLY PLACED UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS. WHILE THE PRIOR BYLAWS SPECIFIED A FIXED PRINCIPAL OFFICE LOCATION, THE UPDATED LANGUAGE ALLOWS THE BOARD TO CHANGE THIS LOCATION BY RESOLUTION AND ESTABLISH BRANCH OR SUBORDINATE OFFICES WHERE THE CORPORATION IS QUALIFIED TO DO BUSINESS. THE ORGANIZATION'S SPECIFIC PURPOSE WAS ALSO REFINED. THE PREVIOUS BYLAWS BROADLY OUTLINED A GENERAL PURPOSE ALIGNED WITH CHARITABLE ACTIVITIES. THE AMENDED VERSION NOW CLEARLY STATES THAT THE CORPORATION EXISTS TO PROMOTE AND PROVIDE SYMPHONIC MUSIC PERFORMANCES, EDUCATIONAL SERVICES ADVANCING THE MUSICAL PERFORMING ARTS, AND ARTS ADVOCACY PROGRAMS WITHIN SAN JOSE AND THE BROADER SOUTH SAN FRANCISCO BAY AREA. THE STRUCTURE OF THE BOARD OF DIRECTORS ALSO CHANGED. THE PREVIOUS BYLAWS ALLOWED FOR A MINIMUM OF FOUR (4) AND A MAXIMUM OF FORTY (40) DIRECTORS. UNDER THE NEW BYLAWS, THE AUTHORIZED NUMBER OF DIRECTORS IS NOW NOT FEWER THAN FIVE (5) AND NOT MORE THAN FIFTEEN (15), WITH THE EXACT NUMBER TO BE FIXED BY BOARD RESOLUTION. THIS MODIFICATION STREAMLINES THE BOARD'S SIZE FOR MORE EFFECTIVE GOVERNANCE AND OVERSIGHT. REVISIONS WERE ALSO MADE TO THE OFFICER POSITIONS WITHIN THE CORPORATION. PREVIOUSLY, THE OFFICER STRUCTURE MAY NOT HAVE INCLUDED ALL TITLES OR ROLES CURRENTLY REQUIRED FOR THE ORGANIZATION'S EFFECTIVE GOVERNANCE. THE AMENDED BYLAWS NOW IDENTIFY THE CORE OFFICERS AS THE CHAIRPERSON OF THE BOARD, VICE CHAIRPERSON OF THE BOARD, SECRETARY, TREASURER, AND CHIEF EXECUTIVE OFFICER. THEY ALSO AUTHORIZE THE BOARD TO APPOINT ADDITIONAL OFFICERS, SUCH AS VICE PRESIDENTS, ASSISTANT SECRETARIES, AND ASSISTANT TREASURERS, AS DEEMED NECESSARY. FURTHER GOVERNANCE UPDATES INCLUDE A MORE DETAILED NOMINATION AND ELECTION PROCESS. THE GOVERNANCE COMMITTEE SHALL NOMINATE CANDIDATES TO SERVE ON THE BOARD. DIRECTORS ARE ELECTED DURING THE BOARD'S ANNUAL MEETING TO SERVE STAGGERED THREE-YEAR TERMS, BEGINNING ON THE FOLLOWING JULY 1, WITH NO LIMITATION ON THE NUMBER OF CONSECUTIVE TERMS A DIRECTOR MAY SERVE. THE AMENDED BYLAWS NOW FORMALLY AUTHORIZE THE CREATION OF BOARD COMMITTEES TO ASSIST IN THE MANAGEMENT OF THE ORGANIZATION. THESE INCLUDE, BUT ARE NOT LIMITED TO, AN AUDIT COMMITTEE, FINANCE COMMITTEE, AND GOVERNANCE COMMITTEE. EACH COMMITTEE MUST CONSIST OF AT LEAST TWO DIRECTORS. THIS CHANGE INTRODUCES A MORE STRUCTURED APPROACH TO BOARD OPERATIONS AND OVERSIGHT RESPONSIBILITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SCANNED AND E-MAILED TO EACH TRUSTEE ON RECEIPT. A HARD COPY IS ALSO DELIVERED TO THE FINANCE COMMITTEE MEMBERS, BY HAND OR FEDERAL EXPRESS, TO ENSURE RECEIPT. A REVIEW OF THE RETURN IS SCHEDULED WITH FINANCE COMMITTEE MEMBERS AND CEO BEFORE THE TAX RETURN IS FILED; THE REVIEW MAY BE CONDUCTED BY CONFERENCE CALL. ALL BOARD MEMBERS ARE ENCOURAGED TO JOIN IN AND RAISE QUESTIONS. ANY ISSUES BROUGHT UP AT THAT MEETING AND THEIR RESOLUTION ARE REPORTED TO THE FULL BOARD DURING DISCUSSION OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SYMPHONY'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD MEMBERS ONCE EACH YEAR, OR WHEN THEY JOIN THE BOARD IF THEY HAVE MISSED THE ANNUAL DISTRIBUTION, AND A SIGNED COPY IS COLLECTED FROM EACH MEMBER, WHICH IS KEPT IN THE CEO'S BOARD FILES. BOARD MEMBERS ARE REQUIRED TO REPORT TO THE CEO ANY ACTIVITY OR RELATIONSHIP THAT MIGHT CONSTITUTE OR GIVE RISE TO A CONFLICT AS DEFINED BY THE POLICY. ANY SUCH ACTIVITY OR RELATIONSHIP IS SUBSEQUENTLY REPORTED TO AND REVIEWED EITHER BY THE AUDIT COMMITTEE (WHICH CURRENTLY SERVES AS OUR PERSONNEL COMMITTEE FOR ANY UNRESOLVED GRIEVANCES), OR BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED BY AN AD HOC BOARD COMMITTEE MADE UP OF THE BOARD CHAIR AND OTHER BOARD MEMBERS. THE COMMITTEE REVIEWS EXECUTIVE COMPENSATION USING GUIDESTAR, AND 990S FROM COMPARABLE NONPROFITS, TAKING INTO ACCOUNT THE COMPARABLE MARKET RATES IN THE LOCAL GEOGRAPHIC AREA. THE COMPENSATION IS VOTED ON AND APPROVED AT THE BOARD MEETING IN CLOSED SESSION; THE PROCESS IS RECORDED IN THE MINUTES, AND A MEMO NOTATING THE RESULTS IS INCLUDED IN THE CEO'S PERSONNEL FILES. MOST RECENTLY, THE CEO'S COMPENSATIONS WERE REVIEWED IN JUNE 2024 AND JUNE 2023, IN CONNECTION WITH THE ANNUAL PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.