2023-05-05T16:52:03-05:00 2022-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2021-07-01 941415298 SAN FRANCISCO BALLET ASSOCIATION SANF 4158615600 455 FRANKLIN STREET SAN FRANCISCO CA 94102 ROBERT H FORE III CHIEF FINANCIAL OFFICER 4158615600 2023-05-05 1 ROBERT FORE III 999009999 DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DANIELLE ST GERMAIN 455 FRANKLIN STREET SAN FRANCISCO CA 94102 68441838 0 X WWW.SFBALLET.ORG X 1933 CA SF BALLET'S MISSION IS TO SHARE OUR JOY OF DANCE WITH THE WIDEST POSSIBLE AUDIENCE. (SEE SCH. O) SF BALLET AIMS TO REACH AUDIENCES BOTH LOCALLY AND AROUND THE WORLD, AND TO PROVIDE THE HIGHEST CALIBER OF DANCE TRAINING IN OUR SCHOOL. WE SEEK TO ENHANCE OUR POSITION AS ONE OF THE WORLD'S FINEST DANCE COMPANIES THROUGH OUR VITALITY, INNOVATION AND DIVERSITY, AND THROUGH OUR UNCOMPROMISING COMMITMENT TO ARTISTIC EXCELLENCE BASED IN THE CLASSICAL BALLET TRADITION. 55 54 677 423 174182 131101 22551597 38232184 4909025 23502648 20170 26610 5296206 1877505 32776998 63638947 1058181 1445347 0 0 27390763 37094761 0 0 2176747 10851457 14901421 39300401 53441529 -6523403 10197418 40889067 37086752 70772929 53640202 -29883862 -16553450 X SEE SCHEDULE O 0 0 38508110 0 18287039 UNDER THE DIRECTION OF HELGI TOMASSON FOR THREE DECADES, THE ASSOCIATION HAS ACHIEVED AN INTERNATIONAL REPUTATION AS ONE OF THE PREEMINENT BALLET COMPANIES IN THE WORLD. DURING THE FISCAL YEAR, THE COMPANY PERFORMED AT A LOCAL FESTIVAL, PRESENTED 29 PERFORMANCES OF THE NUTCRACKER, 20 PERFORMANCES OF DON QUIXOTE AND SWAN LAKE, AND 44 PERFORMANCES SPREAD OUT OVER FIVE OTHER PROGRAMS REPRESENTING CLASSICAL, NEOCLASSICAL AND CONTEMPORARY BALLET WORKS. 5412349 1078497 5168478 THE ASSOCIATION OPERATES THE SAN FRANCISCO BALLET SCHOOL AND A STUDENT RESIDENCE. OVER 500 STUDENTS ARE ENROLLED IN THE SCHOOL AND 52 ADVANCED STUDENTS FROM ACROSS THE US AND AROUND THE WORLD RESIDE IN THE STUDENT RESIDENCE. THE BALLET SCHOOL CURRICULUM IS DESIGNED AND TAUGHT BY AN EMINENT FACULTY, EMPHASIZING A STRONG CLASSICAL TECHNIQUE AND A FLOW OF MOVEMENT THAT SUGGESTS A SENSE OF ENERGY, FREEDOM, AND JOY - REFLECTING THE KIND OF DANCING FAVORED BY THE BALLET. GIRLS AND BOYS AGED 8 TO 18 FOLLOW A STRUCTURED SEQUENCE OF TRAINING STAGES DESIGNED TO INCREASE THEIR TECHNICAL SKILLS, STAMINA, AND DISCIPLINE IN ACCORDANCE WITH THEIR AGE AND PHYSICAL DEVELOPMENT. THE PROGRAM INCLUDES CLASSES IN TECHNIQUE, POINTE WORK, PAS DE DEUX, MEN'S TECHNIQUE, CONDITIONING, CONTEMPORARY DANCE, DANCE HISTORY, AND MUSIC. (SEE SCH. O)SEMINARS ON NUTRITION AND RELATED ISSUES ARE OFFERED THROUGHOUT THE SCHOOL YEAR. THE BALLET SCHOOL PROVIDES A LIMITED NUMBER OF TUITION AND HOUSING SCHOLARSHIPS TO INTERMEDIATE AND ADVANCED LEVEL STUDENTS BASED ON THEIR FINANCIAL NEED OR POTENTIAL TO ACHIEVE A PROFESSIONAL CAREER IN BALLET. MORE THAN SIXTY PERCENT OF THE DANCERS IN THE BALLET'S PROFESSIONAL COMPANY TRAINED IN THE SCHOOL. STUDENTS HAVE ALSO GONE ON TO DANCE WITH SUCH COMPANIES AS ENGLISH NATIONAL BALLET, DUTCH NATIONAL BALLET; ROYAL NEW ZEALAND BALLET, ROYAL WINNIPEG BALLET, VIENNA OPERA BALLET, HAMBURG BALLET, NEW YORK CITY BALLET, AMERICAN BALLET THEATRE, JOFFREY BALLET, HOUSTON BALLET, PACIFIC NORTHWEST BALLET, BOSTON BALLET, OREGON BALLET THEATRE, WASHINGTON BALLET, MIAMI CITY BALLET, PITTSBURGH BALLET THEATER, PENNSYLVANIA BALLET, AND ATLANTA BALLET, AMONG OTHERS. THE BALLET SCHOOL ALSO OPERATES SUMMER SESSIONS IN SAN FRANCISCO FOR PROFESSIONAL BALLET CAREER-BOUND STUDENTS FROM THE U.S. AND ABROAD. SF BALLET SCHOOL OFFERS SCHOLARSHIPS TO TALENTED YOUNGSTERS RECRUITED FROM SF PUBLIC SCHOOLS THROUGH THE COMMUNITY SCHOLARSHIP PROGRAM. ADDITIONAL PROGRAMMING INCLUDES PRE-BALLET CLASSES FOR CHILDREN AGES 4-7, ADULT OPEN BALLET CLASSES, MASTER CLASSES, SPECIALLY-DESIGNED DANCE CLASSES FOR SENIORS AND ADULTS WITH PARKINSON'S DISEASE, AND A WEEK-LONG BALLET CAMP FOR ADULTS. 668587 309485 47131 THE ASSOCIATION PROVIDES DANCE EDUCATION PROGRAMS IN K-12 SCHOOLS AND THE COMMUNITY AT LARGE, SOMETIMES IN COORDINATION WITH OTHER COMMUNITY-BASED ORGANIZATIONS, AND THEY ARE GEARED TO CHILDREN, YOUTH, FAMILIES, AND ADULTS. THE DANCE IN SCHOOLS AND COMMUNITIES (DISC) PROGRAM IS THE LARGEST OFFERING TARGETING YOUTH, AND IT PROVIDES FREE INTERACTIVE DANCE EDUCATION TO APPROXIMATELY 2,500 STUDENTS IN 38 SAN FRANCISCO UNIFIED SCHOOL DISTRICT EARLY EDUCATION AND ELEMENTARY SCHOOLS THROUGH A RESIDENCY EACH YEAR. (SEE SCH. O)ADDITIONAL PROGRAMS INCLUDE PROFESSIONAL DEVELOPMENT FOR CLASSROOM TEACHERS, WORKSHOPS FOR THE SPECIAL NEEDS COMMUNITY AND FAMILIES, AFTER-SCHOOL DANCE CLASSES, A SUMMER DANCE CAMP, ADULT EDUCATION PROGRAMS FOR LEARNERS AT ALL LEVELS, AND STUDENT MATINEES GEARED TO SCHOOL GROUPS WHO WISH TO SEE A LIVE PERFORMANCE OF SAN FRANCISCO BALLET. AN ESTIMATED 20,000 COMMUNITY MEMBERS ARE ENGAGED IN THE ASSOCIATION'S EDUCATION PROGRAMS ANNUALLY. 57365 57365 40175 THE ARTISTS RESERVE FUND IS ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE BALLET AND THE AMERICAN GUILD OF MUSICAL ARTISTS (AGMA), THE DANCERS AND STAGE MANAGERS UNION. EACH YEAR, A COMMITTEE OF BALLET REPRESENTATIVES, ARTISTS, AND A UNION REPRESENTATIVE MEET TO GRANT MONEY FROM THE ARTISTS' RESERVE FUND TO ELIGIBLE ARTISTS TO ASSIST WITH FUNDING FOR THEIR CAREER TRANSITION ACTIVITIES.RENTAL INCOME - THE ASSOCIATION RENTS OUT ITS CONFERENCE ROOM AND STUDIO SPACE. IN ADDITION, THE ASSOCIATION PERIODICALLY RENTS OUT SETS AND COSTUMES TO OTHER BALLET COMPANIES AND DANCERS. ALL RENTALS ARE IN FURTHERANCE OF THE BALLET'S EXEMPT PURPOSE. 57365 57365 40175 44646411 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 140 0 1 677 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 55 54 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X ROBERT H FORE III 4158615600 455 FRANKLIN STREET SAN FRANCISCO CA 94102 X HELGI TOMASSON THRU 0622 ARTISTIC DIR & PRIN. CHOREOGRAPHER 50.00 0.00 X 658158 0 -76349 SONIA H EVERS CO-CHAIR OF THE BOARD 10.00 0.00 X X 0 0 0 ROBERT G SHAW CO-CHAIR OF THE BOARD 10.00 0.00 X X 0 0 0 CARL F PASCARELLA PRESIDENT & IMMEDIATE PAST CHAIR 10.00 0.00 X X 0 0 0 JAMES H HERBERT II VICE CHAIR 5.00 0.00 X X 0 0 0 LUCY JEWETT VICE CHAIR 5.00 0.00 X X 0 0 0 DIANE B WILSEY VICE CHAIR 5.00 0.00 X X 0 0 0 JENNIFER J MCCALL SECRETARY 5.00 0.00 X X 0 0 0 SUSAN S BRIGGS ASSISTANT SECRETARY 5.00 2.00 X X 0 0 0 NANCY KUKACKA TREASURER 5.00 5.00 X X 0 0 0 JOLA ANDERSON TRUSTEE 2.00 0.00 X 0 0 0 KRISTEN A AVANSINO TRUSTEE (THRU 05/22) 2.00 0.00 X 0 0 0 RICHARD C BARKER TRUSTEE 2.00 2.00 X 0 0 0 KAREN S BERGMAN TRUSTEE 2.00 0.00 X 0 0 0 LYDIA BERGMAN TRUSTEE 2.00 0.00 X 0 0 0 GARY BRIDGE TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE LEONG CONNORS TRUSTEE 2.00 0.00 X 0 0 0 DAVID C COX TRUSTEE 2.00 0.00 X 0 0 0 LISA DANIELS TRUSTEE 2.00 0.00 X 0 0 0 SUSAN P DIEKMAN TRUSTEE 2.00 0.00 X 0 0 0 SHELBY M GANS TRUSTEE 2.00 0.00 X 0 0 0 DR RICHARD GIBBS TRUSTEE 2.00 0.00 X 0 0 0 BETH GROSSMAN TRUSTEE 2.00 0.00 X 0 0 0 MONICA L GROSSMAN TRUSTEE 2.00 0.00 X 0 0 0 THOMAS E HORN TRUSTEE 2.00 5.00 X 0 0 0 HIRO IWANAGA TRUSTEE 2.00 0.00 X 0 0 0 DR THOMAS M JACKSON TRUSTEE 2.00 0.00 X 0 0 0 JAYSON JOHNSON TRUSTEE 2.00 0.00 X 0 0 0 JAMES C KATZMAN TRUSTEE 2.00 0.00 X 0 0 0 YASUNOBU KYOGOKU TRUSTEE 2.00 0.00 X 0 0 0 KELSEY LAMOND TRUSTEE 2.00 0.00 X 0 0 0 ROBERT LEE-RUIZ TRUSTEE 2.00 0.00 X 0 0 0 BRENDA LEFF TRUSTEE 2.00 0.00 X 0 0 0 MARIE O'GARA LIPMAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID LYON TRUSTEE (AS OF 11/21) 10.00 0.00 X 0 0 0 ALISON MAUZE TRUSTEE 2.00 0.00 X 0 0 0 MARISSA MAYER TRUSTEE 2.00 0.00 X 0 0 0 JEFF MINICK TRUSTEE 2.00 0.00 X 0 0 0 JOHN S OSTERWEIS TRUSTEE 10.00 2.00 X 0 0 0 JOHN T PALMER TRUSTEE 2.00 0.00 X 0 0 0 YURIE PASCARELLA TRUSTEE 2.00 0.00 X 0 0 0 FRITZ QUATTLEBAUM TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE RUSSELL TRUSTEE 2.00 0.00 X 0 0 0 RANDEE SEIGER TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE E SHERRY TRUSTEE 2.00 0.00 X 0 0 0 CHARLOTTE MAILIARD SHULZ TRUSTEE (THRU 12/21) 2.00 0.00 X 0 0 0 CATHERINE SLAVONIA TRUSTEE 2.00 0.00 X 0 0 0 DAVID HOOKER SPENCER TRUSTEE 2.00 0.00 X 0 0 0 FRAN A STREETS TRUSTEE 2.00 0.00 X 0 0 0 JULIE SUPAN TRUSTEE (AS OF 11/21) 2.00 0.00 X 0 0 0 JUDY C SWANSON TRUSTEE 2.00 0.00 X 0 0 0 RICHARD J THALHEIMER TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER M WALSKE TRUSTEE 2.00 0.00 X 0 0 0 TIMOTHY C WU TRUSTEE 2.00 0.00 X 0 0 0 LAREINA YEE TRUSTEE (AS OF 11/21) 2.00 0.00 X 0 0 0 ZHENYA YODER TRUSTEE 2.00 0.00 X 0 0 0 JANICE HANSEN ZAKIN TRUSTEE 2.00 0.00 X 0 0 0 DANIELLE ST GERMAIN EXECUTIVE DIRECTOR 28.00 22.00 X 376448 0 16172 ROBERT H FORE III CHIEF FINANCIAL OFFICER 40.00 10.00 X 159826 39957 25102 MARTIN WEST MUSIC DIRECTOR & PRIN. CONDUCTOR 50.00 0.00 X 225370 0 27530 DEBRA ANN BERNARD GENERAL MANAGER (THRU 10/21) 50.00 0.00 X 185635 0 12995 MURRAY BOGNOVITZ DIRECTOR OF INFORMATION TECHNOLOGY 40.00 0.00 X 211354 0 8539 PATRICK ARMAND GONTARD DIR OF SAN FRANCISCO BALLET SCHOOL 40.00 0.00 X 188972 0 13674 FRANCES FLAHERTY PRINCIPAL DANCER 40.00 0.00 X 162807 0 35597 SASHA E DE SOLA PRINCIPAL DANCER 40.00 0.00 X 154996 0 26126 ANGELO GRECO PRINCIPAL DANCER 40.00 0.00 X 154931 0 26042 KELLY H TWEEDDALE FORMER EXECUTIVE DIR (THRU 06/21) 50.00 0.00 X 469889 0 15332 2948386 39957 130760 47 1 1 0 BEVILACQUA & SONS INC 451 VICTORY AVE SUITE 5 SOUTH SAN FRANCISCO CA 94080 CONSTRUCTION PROJECT 1381135 J RICCARDO BENAVIDES EVENT STYLING INC 1055 CA ST STE 2 SAN FRANCISCO CA 94108 EVENT PLANNING 401299 MOGO MARKETING AND MEDIA INC 900 LARKSPUR LANDING CIR LARKSPUR CA 94939 ADVERTISING AND MARKETING 201437 PILLSBURY WINTHROP SHAW & PITTMAN 2550 HANOVER STREET PALO ALTO CA 94304 LEGAL SERVICES 184477 GRANT THORNTON LLP PO BOX 51552 LOS ANGELES CA 90051 TAX AND AUDIT SERVICES 178619 10 33000 20673462 5151485 5370721 7003516 1811122 38232184 PERFORMANCE & TOURING 711120 18287039 18287039 SCHOOL & STUDENT HOUSING 900099 5168478 5168478 OUTREACH 900099 47131 47131 23502648 30082 30082 13083 13083 432538 40175 193761 0 238777 40175 278952 40175 142407 96370 1643323 1646795 -3472 -3472 -3472 1633237 5151485 2573143 -939906 -939906 536302 389192 147110 31775 115335 EMPLOYEE RETENTION TAX CREDIT 900099 1474088 1474088 FACILITY FEE 900099 903001 903001 1177 1177 2378266 63638947 23542823 174182 1689758 1445347 1445347 2189884 1567380 622504 459492 85231 374261 26038394 23168984 1629443 1239967 2345149 2299852 18286 27011 3671973 3333169 228974 109830 2389869 2088940 194084 106845 544845 86165 458680 116385 116385 3711 3711 1312744 261108 1019943 31693 1766584 1763682 2902 1305673 982899 133413 189361 562284 13111 523738 25435 629589 629589 2282579 1782063 475061 25455 489401 447950 21299 20152 1427899 1427899 1343629 1091947 195063 56619 417658 1397 416261 COSTUME SETS AND PROPS 750747 750747 DANCE MEDICINE 735868 718851 17017 EQUIPMENT EXPENSE 331844 217807 113632 405 UBI TAXES 30507 30507 849474 1910192 -1387675 326957 53441529 44646411 6618371 2176747 6089870 6850001 50268 289601 1798522 2388194 3337504 182871 151649 53733 1260460 1491283 66877387 47946703 19127411 18930684 624861 626349 8448522 6274036 40889067 37086752 6998125 6122215 7426060 6160198 35185254 29363001 2975000 3900000 18188490 8094788 70772929 53640202 X -30937657 -19488033 1053795 2934583 -29883862 -16553450 40889067 37086752 X 10197418 -71000 3203994 X 0 1 X 1 1 1 X 27972227 26104832 24632543 22551597 38232184 139493383 27972227 26104832 24632543 22551597 38232184 139493383 2020307 137473076 221983 269621 249953 112514 139535 993606 8392 5477 131101 144970 1470973 1621063 1426727 1296504 2537415 8352682 148984641 99792120 0.92270 0.91140 X SCHEDULE A, PART II, LINE 10: OTHER INCOME INCLUDES RECOGNIZED GROSS INCOME FROM FUNDRAISING OF $1,633,237, FACILITIES FEES OF $903,001 AND OTHER INCOME OF $1,177. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137456934 5064092 -21036485 0 8699663 112784878 113923812 2740493 29074149 0 8281520 137456934 124452193 499569 457454 0 9340468 2144936 113923812 125015507 2516119 6070692 0 8334967 815158 124452193 119047942 7701230 6198570 0 7932235 125015507 0.31480 0.68520 0 1 1 4519388 4519388 37197644 23726752 13470892 438519 56549 381970 8235297 8235297 0 16486539 15928105 558434 18930684 RESTRICTED CASH 2437191 DUE FROM SAN FRANCISCO BALLET ENDOWMENT FOUNDATION 2988214 DEFINED CONTRIBUTION PLAN ASSET 526068 BOND ISSUANCE COSTS 297012 SCHOOL SUSPENSE 25551 6274036 INTEREST RATE SWAP LIABILITY 3611085 PPP LOAN 2523985 POST-RETIREMENT BENEFIT OBLIGATION 1265443 DEFINED CONTRIBUTION PLAN LIABILITY 525460 CAPITAL LEASE OBLIGATION 167660 REFUNDABLE GRANT ADVANCE 1155 8094788 X PART X, LINE 2: ASC 740 (FIN 48) FOOTNOTE THE ASSOCIATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ASSOCIATION IS ALSO EXEMPT FROM CALIFORNIA FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701D ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE BALLET HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THERE WERE NO TAX PENALTIES OR INTEREST CLASSIFIED AS TAX EXPENSE FOR THE YEAR ENDED JUNE 30, 2022. PART V, LINE 1A: THE ENDOWMENT FUNDS BALANCE IS COMPRISED OF BOTH THE ASSOCIATION'S QUASI-ENDOWMENT BALANCE COMBINED WITH THE ENDOWMENT FOUNDATION FUND'S BALANCE. SCHEDULE D, PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS RESERVE LIQUIDITY FOR PURPOSES INCLUDING, BUT NOT LIMITED TO, MEETING COLLATERAL POSTING REQUIREMENTS ON THE ASSOCIATION'S INTEREST RATE SWAP AGREEMENT. PART X, LINE 1: PPP LOAN ON APRIL 15, 2020, THE BALLET RECEIVED A SMALL BUSINESS ADMINISTRATION ("SBA") LOAN THROUGH THE PAYCHECK PROTECTION PROGRAM IN THE AMOUNT OF $7,321,200 WHICH WAS USED PRIMARILY FOR PAYROLL COSTS BUT ALSO COVERED MORTGAGE INTEREST, RENT, AND UTILITY COSTS INCURRED AND PAID DURING THE COVERED PERIOD THROUGH AUGUST 13, 2020. THE SBA PARTIALLY FORGAVE THIS LOAN ON DECEMBER 14, 2021. THE REMAINING BALANCE CARRIES A FIXED INTEREST RATE OF 1% AND THE BALLET IS MAKING MONTHLY PAYMENTS UNTIL APRIL 15, 2025, WHEN FINAL PAYMENT IS DUE. ON JUNE 8, 2021, THE BALLET RECEIVED ANOTHER LOAN THROUGH THE PAYCHECK PROTECTION PROGRAM IN THE AMOUNT OF $2,000,000 WHICH WAS FORGIVEN BY THE SBA ON JULY 18, 2022. OPENING NIGHT GALA 3442171 2760110 682061 58753 346815 20615 680150 EXECUTIVE DIRECTOR FAREWELL 1608441 1360689 247752 19068 164151 15226 551387 6 1734110 1030686 703424 48685 350099 11416 306778 6784722 5151485 1633237 126506 861065 47257 1538315 2573143 -939906 1 TUITION SCHOLARSHIPS 281 988363 HOUSING SCHOLARSHIPS 41 342919 ARTISTS RESERVE FUND 27 57365 STUDENT STIPENDS 10 56700 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE BALLET SCHOOL PROVIDES A LIMITED NUMBER OF SCHOLARSHIPS TO INTERMEDIATE AND ADVANCED LEVEL STUDENTS BASED ON THEIR FINANCIAL NEED OR POTENTIAL TO ACHIEVE A PROFESSIONAL CAREER IN BALLET. STUDENT STIPENDS ARE GIVEN TO THOSE SELECTED FOR THE TRAINEE PROGRAM TO HELP COVER VARIOUS EXPENSES. STUDENTS' PROGRESS AND ENROLLMENT IS MONITORED AS A ROUTINE PART OF THEIR BALLET SCHOOL STUDIO WORK. IN ADDITION, THE ARTIST RESERVE FUND HAS BEEN ESTABLISHED BY COLLECTIVE BARGAINING AGREEMENT FOR THE PURPOSE OF ENHANCING THE EFFORTS OF THE SAN FRANCISCO BALLET TO ASSIST SAN FRANCISCO DANCERS WITH CAREER TRANSITION ACTIVITIES. X X 1 1 X X X 1 0 0 0 0 0 0 0 1 1 HELGI TOMASSON THRU 0622 ARTISTIC DIR & PRIN. CHOREOGRAPHER 658158 0 0 0 0 0 -113827 0 37478 0 581809 0 0 0 KELLY H TWEEDDALE FORMER EXECUTIVE DIR (THRU 06/21) 265014 0 0 0 204875 0 0 0 15332 0 485221 0 0 0 DANIELLE ST GERMAIN EXECUTIVE DIRECTOR 376448 0 0 0 0 0 8700 0 7472 0 392620 0 0 0 MARTIN WEST MUSIC DIRECTOR & PRIN. CONDUCTOR 225370 0 0 0 0 0 7101 0 20429 0 252900 0 0 0 ROBERT H FORE III CHIEF FINANCIAL OFFICER 159826 39957 0 0 0 0 0 0 20082 5020 179908 44977 0 0 MURRAY BOGNOVITZ DIRECTOR OF INFORMATION TECHNOLOGY 211354 0 0 0 0 0 0 0 8539 0 219893 0 0 0 PATRICK ARMAND GONTARD DIR OF SAN FRANCISCO BALLET SCHOOL 188972 0 0 0 0 0 5669 0 8005 0 202646 0 0 0 DEBRA ANN BERNARD GENERAL MANAGER (THRU 10/21) 185635 0 0 0 0 0 5631 0 7364 0 198630 0 0 0 FRANCES FLAHERTY PRINCIPAL DANCER 162807 0 0 0 0 0 20983 0 14614 0 198404 0 0 0 SASHA E DE SOLA PRINCIPAL DANCER 154996 0 0 0 0 0 18599 0 7527 0 181122 0 0 0 ANGELO GRECO PRINCIPAL DANCER 154931 0 0 0 0 0 18592 0 7450 0 180973 0 0 0 PART I, LINE 1A FIRST CLASS/CHARTER TRAVEL & TRAVEL FOR COMPANIONS SAN FRANCISCO BALLET ASSOCIATION REQUIRES THE ARTISTIC DIRECTOR TO MAINTAIN CONTACT WITH AND KNOWLEDGE OF ARTISTIC DEVELOPMENTS IN THE FIELD OF MODERN DANCE AND BALLET, AS WELL AS OTHER RELATED ART FORMS. IN FULFILLMENT OF THIS RESPONSIBILITY, IT IS IN THE ASSOCIATION'S INTEREST AND THE ASSOCIATION REQUESTS THAT THE ARTISTIC DIRECTOR MAKE TRIPS TO NATIONAL DANCE CENTERS SUCH AS NEW YORK OR OTHER PLACES AS DEEMED APPROPRIATE, AND AT LEAST ONE TRIP TO EUROPE EACH YEAR. FIRST CLASS AIR TRAVEL IS APPROVED FOR THESE BUSINESS-RELATED TRAVELS BY THE EXECUTIVE DIRECTOR OR THE GENERAL MANAGER. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. FIRST CLASS AIR TRAVEL FOR THE ARTISTIC DIRECTOR'S SPOUSE IS PROVIDED AS THE ARTISTIC DIRECTOR'S SPOUSE IS AN INTEGRAL PART OF THE ARTISTIC DIRECTOR'S ARTISTIC KNOWLEDGE GATHERING PROCESS AND HAS SERVED AS HIS CONFIDANTE AND ADVISOR IN THE DIRECTION AND DEVELOPMENT OF THE SAN FRANCISCO BALLET FOR THREE DECADES. THE ARTISTIC DIRECTOR'S SPOUSE HAS RECEIVED THE DISTINGUISHED LEW CHRISTENSEN MEDAL OF HONOR WHICH HONORS THOSE INDIVIDUALS WHO HAVE LEFT AN INDELIBLE MARK ON THE HISTORY OF THE SAN FRANCISCO BALLET. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A THE FOLLOWING FORMER OFFICER RECEIVED A SEVERANCE PAYMENT. THE SEVERANCE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION: KELLEY TWEEDDALE $204,875 PART I, LINE 8 SAN FRANCISCO BALLET ASSOCIATION ENTERED INTO AN INITIAL CONTRACT WITH KELLY TWEEDDALE IN HER PRIOR ROLE AS EXECUTIVE DIRECTOR. THE CONTRACT WAS REVIEWED AND APPROVED WITH CONTEMPORANEOUS DOCUMENTATION BY THE BOARD ON MAY 22, 2019. PART II: POST-RETIREMENT ARRANGEMENT ONE OF THE INDIVIDUALS HAS A POST-RETIREMENT ARRANGEMENT AS PART OF THEIR EMPLOYMENT AGREEMENT WHICH PROVIDES FOR SALARY CONTINUANCE FOR A FIXED PERIOD OF TIME DEPENDENT ON THE NUMBER OF YEARS SERVED UNDER THE AGREEMENT AND IN THE ABSENCE OF CERTAIN TYPES OF POST-RETIREMENT EMPLOYMENT AND BENEFITS AVAILABLE TO THE EMPLOYEE AND FOR EMPLOYEE AND SPOUSAL HEALTH BENEFITS. PART II, COLUMN (C): THE AMOUNT FOR HELGI TOMASSON IN COLUMN (C) FOR RETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDES A LOSS IN VALUE OF DEFERRED COMPENSATION THAT OCCURED DURING THE YEAR. A CA INFRASTRUCTURE AND ECON DEVELOPMENT BANK 630304653 2013-06-06 44510000 2013 A, B, C, D REFUNDING OF SERIES 2010 & 2008 BONDS & COVER ISSUANCE COST 0 0 0 A 15181075 44510000 464754 44045246 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 1 JP MORGAN CHASE 25.000000000000 0 0 0 0 1 A 1 ERIK TOMASSON SEE PART V 85231 SEE PART V 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ERIK TOMASSON(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:FATHER IS TRUSTEE/ARTISTIC DIRECTOR(D) DESCRIPTION OF TRANSACTION: PAYMENT FOR CONTRACT SERVICESSCHEDULE L, PART IV:ERIK TOMASSON'S RELATIONSHIP TO HIS FATHER HAS NO BEARING ON HIS CONTRACT WITH THE ASSOCIATION, AND HIS COMPENSATION IS REVIEWED AND DETERMINED TO BE FAIR AND REASONABLE FOR THE SERVICES HE PERFORMS. X 51 1646795 FAIR MARKET VALUE X EVNT DONATION 6 164327 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): FOR CONTRIBUTIONS OF SECURITIES, SUCH AS PUBLICLY TRADED STOCK, THE ASSOCIATION TREATS EACH SEPARATE GIFT AS AN ITEM FOR THIS PURPOSE. FORM 990, PART III, LINE 1 SAN FRANCISCO BALLET, LONG RECOGNIZED FOR PUSHING BOUNDARIES IN DANCE, HAS A HISTORY OF MAKING HISTORY. FOUNDED IN 1933, WE STAGED THE FIRST FULL-LENGTH AMERICAN PRODUCTIONS OF COPPLIA (1938) AND SWAN LAKE (1940) AND IN 1944, WE LAUNCHED AN ANNUAL HOLIDAY TRADITION WHEN WE PRODUCED THE FIRST FULL-LENGTH PRODUCTION OF NUTCRACKER IN THE US. SAN FRANCISCO BALLET IS AMERICA'S OLDEST PROFESSIONAL BALLET COMPANY AND ONE OF THE THREE LARGEST BALLET COMPANIES IN THE UNITED STATES. THE MISSION OF THE BALLET IS TO SHARE THE JOY OF DANCE WITH ITS COMMUNITY AND AROUND THE GLOBE AND TO PROVIDE THE HIGHEST CALIBER OF DANCE TRAINING IN ITS SCHOOL. LED BY ARTISTIC DIRECTOR AND PRINCIPAL CHOREOGRAPHER, HELGI TOMASSON, SF BALLET IS ACCOMPANIED BY ITS OWN ORCHESTRA AND OPERATES ONE OF THE COUNTRY'S MOST PRESTIGIOUS SCHOOLS OF BALLET. TODAY WE BUILD ON OUR HERITAGE OF COMMISSIONING GROUNDBREAKING DANCE FROM TODAY'S TOP CHOREOGRAPHERS, BY UNCOVERING NEW CHOREOGRAPHIC TALENT, AND BY STAGING MODERN CLASSICS AND THE WORKS THAT MAKE UP THE CANON OF CLASSIC BALLET. OUR APPROACH DEFINES BALLET IN THE 21ST CENTURY AND IT MAKES SAN FRANCISCO BALLET THE ESSENTIAL PLACE TO SEE THE MOST ADVENTUROUS DANCE IN AMERICA. GUIDED IN ITS EARLY YEARS BY AMERICAN DANCE PIONEERS THE BROTHERS LEW, WILLAM, AND HAROLD CHRISTENSEN, SAN FRANCISCO BALLET HISTORICALLY PRESENTS AROUND 100 PERFORMANCES ANNUALLY, BOTH LOCALLY AND INTERNATIONALLY. FORM 990, PART VI, SECTION A, LINE 2 CARL PASCARELLA AND YURIE PASCARELLA - FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ANY NATURAL PERSON SHALL BE ELIGIBLE TO BE A MEMBER OF THE ASSOCIATION (A "MEMBER") BUT NO LEGAL PERSON WHICH IS NOT A NATURAL PERSON, SUCH AS A FOUNDATION, TRUST, CORPORATION OR PARTNERSHIP, SHALL BE ELIGIBLE TO BE A MEMBER. A NATURAL PERSON MAY BECOME A MEMBER BY MAKING A MINIMUM CONTRIBUTION TO THE ASSOCIATION, THE AMOUNT OF SUCH MINIMUM CONTRIBUTION TO BE DETERMINED FROM TIME TO TIME BY RESOLUTION OF THE BOARD. IN THE CASE OF A CONTRIBUTION IN PROPERTY, THE DETERMINATION OF THE BOARD OR A COMMITTEE OF THE BOARD, SUBCOMMITTEE, ADVISORY COMMITTEE OR OTHER PERSON TO WHOM THIS RESPONSIBILITY IS DELEGATED BY THE BOARD, AS TO THE VALUE OF THE PROPERTY FOR MEMBERSHIP PURPOSES SHALL BE CONCLUSIVE. THE BOARD MAY IN ITS DISCRETION WAIVE THE MINIMUM CONTRIBUTION IN THE CASE OF A PERSON WHO HAS MADE INTANGIBLE CONTRIBUTIONS TO THE ASSOCIATION IN THE PAST. THE TERM FOR EACH MEMBER AS A MEMBER SHALL COMMENCE WHEN THE PERSON MAKES THE REQUISITE CONTRIBUTION TO THE ASSOCIATION (OR THE CONTRIBUTION IS WAIVED) AND SHALL CONTINUE FOR A PERIOD OF 12 MONTHS THEREAFTER, AT THE EXPIRATION OF WHICH PERIOD IT SHALL EXPIRE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS STOCKHOLDERS WHO MAY ELECT TRUSTEES OF THE ASSOCIATION ARE ELECTED BY THE MEMBERS FOR A TERM OF THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS RIGHT TO VOTE MEMBERS SHALL HAVE, IN ADDITION TO ANY OTHER RIGHTS WHICH MAY BE GRANTED TO THEM UNDER THESE BY LAWS OR BY LAW, THE RIGHT TO VOTE (1) FOR THE ELECTION OF TRUSTEES, (2) ON A DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSOCIATION'S ASSETS, (3) ON A MERGER OF THE ASSOCIATION WITH ANOTHER CORPORATION, (4) ON A DISSOLUTION OF THE ASSOCIATION, (5) ON AN AMENDMENT OF THE ARTICLES OF INCORPORATION AND, (6) ON AN AMENDMENT OF THESE BY LAWS (UNLESS THE BY LAW AMENDMENT IS APPROVED BY THE BOARD ALONE IN ACCORDANCE WITH THE TERMS OF THE BY LAWS). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BASED ON AUDITED FINANCIAL STATEMENTS BY AN INDEPENDENT ACCOUNTING FIRM, WHICH WAS THEN REVIEWED BY FINANCE MANAGEMENT. THE ASSOCIATION PROVIDED A COMPLETE COPY OF THIS FORM TO ALL MEMBERS OF ITS GOVERNING BODY WITH A REDACTION OF DONOR NAMES AND ADDRESSES FROM FORM 990, SCHEDULE B, AT THE REQUEST OF THE DONOR. THE FORM 990 WAS REVIEWED AND APPROVED AT A MEETING OF THE AUDIT COMMITTEE. SUBSEQUENT TO THAT REVIEW, THE FORM 990 WAS POSTED TO THE ASSOCIATION'S TRUSTEE INTRANET WEBSITE AND TRUSTEES WERE NOTIFIED IN WRITING OF THE AVAILABILITY OF THE FORM 990 FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFLICT OF INTEREST POLICY QUESTIONNAIRES ARE ISSUED ANNUALLY TO ALL EMPLOYEES, TRUSTEES AND OTHERS WHO HAVE AN ANNUAL REPORTING REQUIREMENT UNDER THE POLICY. RESPONSES ARE MONITORED AND OUTSTANDING FORMS ARE FOLLOWED UP ON UNTIL RECEIVED. UPON RECEIPT, THE FORM IS REVIEWED BY THE HR MANAGER (FOR EMPLOYEES) AND THE BOARD RELATIONS MANAGER (FOR TRUSTEES) FOR ANY KNOWN ISSUES OR RELATIONSHIPS THAT NEED TO BE HIGHLIGHTED. FORMS ARE FURTHER REVIEWED BY THE CFO. MATTERS REQUIRING ATTENTION ARE REPORTED TO THE EXECUTIVE DIRECTOR WHO MAY FURTHER REPORT THE MATTER TO THE BOARD CHAIR. PERSONS WITH A CONFLICT ARE RECUSED FROM DISCUSSIONS AND DO NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THEIR CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION COMPENSATION AND BENEFITS FOR THE ASSOCIATION'S EXECUTIVE DIRECTOR AND CFO ARE NEGOTIATED WITH THE ASSOCIATION'S ASSESSMENT COMMITTEE ON AN ANNUAL BASIS. PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE ASSESSMENT COMMITTEE AND DOCUMENTED VIA MEETING MINUTES BY THE BOARD ASSISTANT SECRETARY WITH RECOMMENDATIONS GIVEN TO THE BOARD. REVIEWS OCCUR (1) INITIALLY UPON THE HIRING, (2) WHENEVER THE TERM OF EMPLOYMENT, IF ANY, OF SUCH OFFICER IS RENEWED OR EXTENDED, AND (3) WHENEVER SUCH OFFICER'S COMPENSATION IS MODIFIED; PROVIDED, HOWEVER, THAT SEPARATE REVIEW AND APPROVAL PURSUANT TO CLAUSE (3) SHALL NOT BE REQUIRED IF A MODIFICATION OF COMPENSATION EXTENDS TO SUBSTANTIALLY ALL EMPLOYEES OF THE ASSOCIATION. WHEN REVIEWING COMPENSATION, THE ASSESSMENT COMMITTEE ALSO USES EXTERNAL COMPARISONS FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS OF SIMILAR SIZE THAT ARE AVAILABLE ONLINE. COMPENSATION AND BENEFITS FOR KEY EMPLOYEES ARE DETERMINED LARGELY ON WHETHER THEY ARE UNION OR NON-UNION EMPLOYEES. FOR UNION EMPLOYEES, COMPENSATION AND BENEFITS ARE BASED ON THE COLLECTIVE BARGAINING AGREEMENTS WHICH ARE REGULARLY RENEGOTIATED EVERY THREE TO FIVE YEARS (DEPENDING ON THE UNION). FOR NON-UNION EMPLOYEES, COMPENSATION AND BENEFITS ARE NEGOTIATED ON AN INDIVIDUAL BASIS UPON INITIAL HIRE WITH ANNUAL PERFORMANCE REVIEWS THEREAFTER DOCUMENTED WITH THE EMPLOYEE'S DIRECT SUPERVISOR USING THE ORGANIZATION'S STANDARD FORMS ON AN ANNUAL/REGULAR BASIS. COMPENSATION FOR NON-UNION EMPLOYEES ARE REVIEWED USING EXTERNAL COMPARISONS FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS OF SIMILAR SIZE THAT ARE AVAILABLE ONLINE. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC DUE TO THE AGE OF THE ORGANIZATION, FORM 1023 IS CURRENTLY UNAVAILABLE FOR THE GENERAL PUBLIC AND THE ORGANIZATION IS EXEMPT FROM THE REQUIREMENT TO PROVIDE FORM 1023, AS IT WAS FILED PRIOR TO THE JULY 15, 1987 REQUIREMENT DATE. THE ORGANIZATION CURRENTLY MAKES ITS AUDITED FINANCIAL STATEMENTS FOR THE MOST RECENT TEN YEARS AND THE FORMS 990 FOR THE MOST RECENT THREE YEARS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII: THE ARTISTIC DIRECTOR, HELGI TOMASSON, SERVES AS A MEMBER OF THE BOARD OF TRUSTEES OF THE ORGANIZATION. IN ADDITION TO THE ROLE AS TRUSTEE, THE ARTISTIC DIRECTOR IS ALSO A KEY EMPLOYEE, AND COMPENSATION INCLUDED ON PART VII RELATES SOLELY TO EMPLOYMENT WITH THE ORGANIZATION. COMPENSATION TO FORMER EXECUTIVE DIRECTOR, KELLY TWEEDDALE, REPRESENTS AMOUNTS PAID FOR HER ROLE AS AN EMPLOYEE IN CALENDAR YEAR 2021. THIS INDIVIDUAL DID NOT RECEIVE PAYMENTS IN THE FISCAL YEAR ENDED JUNE 30, 2022. FORM 990, PART XI, LINE 9: REVERSALS OF PRIOR YEAR GRANTS -22,470. UNREALIZED GAIN ON INTEREST RATE SWAP 3,122,459. CHANGE IN POST-RETIREMENT BENEFIT OBLIGATION 138,439. CHANGE IN DISCOUNT -34,434. SAN FRANCISCO BALLET ENDOWMENT FOUNDATION 455 FRANKLIN STREET SAN FRANCISCO CA 94102 942747262 INVESTMENT OF ENDOWMENT FUNDS CA 501(C)(3) LINE 12A, I SAN FRANCISCO BALLET 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0 SAN FRANCISCO ENDOWMENT FOUNDATION E 29363001 ACTUAL LOAN GUARANTEE BALANCE SAN FRANCISCO ENDOWMENT FOUNDATION C 5370721 ACTUAL OPERATING TRANSFER SAN FRANCISCO ENDOWMENT FOUNDATION O 363066 ACTUAL SALARY, BENEFITS & TAXES SAN FRANCISCO ENDOWMENT FOUNDATION Q 241850 ACTUAL EXPENSE REIMBURSEMENT