2022-07-29T08:29:23-07:00 2020-09-30 952076568 Leaf & Cole LLP 2810 Camino Del Rio South Suite 200 San Diego CA 92108 990 2019-10-01 237148171 LA JOLLA MUSIC SOCIETY LAJO 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 TODD SCHULTZ President & CEO 2021-08-12 true LATONYA M KNOX P00513874 6192947200 2019 2022-09-23 18:48:47Z X TODD SCHULTZ 6279728 false X WWW.LJMS.ORG X 1969 CA To enhance the vitality and deepen the cultural life of San Diego by presenting and producing a dynamic range of performing arts for our increasingly diverse community. 32 32 36 100 0 24798526 4753056 1735330 939524 78086 97874 1338880 305381 27950822 6095835 0 0 2062053 2021532 0 415541 4590164 3936888 6652217 5958420 21298605 137415 87691455 83445214 4903641 424504 82787814 83020710 To enhance the vitality and deepen the cultural life of San Diego by presenting and producing a dynamic range of performing arts for our increasingly diverse community. false false 4845977 939524 La Jolla Music SocietyLa Jolla Music Society (LJMS) is organized under the Nonprofit Public Benefit Corporation Law for public and charitable purposes. LJMS is the largest multi-disciplinary presenter in San Diego, and annually produces a nationally recognized summer festival. LJMS mission is: To enhance the vitality and deepen the cultural life of San Diego by presenting and producing a dynamic range of performing arts for our increasingly diverse community. LJMS support comes from individual and corporate donors, and various government and arts agency grants and event ticket sales to the general public.7600 Fay Avenue LLC7600 Fay Avenue LLC (the Company) was formed on May 21, 2014. LJMS is the sole Member of the Company. The Company acquired real property located at 7600 Fay Avenue for the purpose of constructing a performing arts center. The Conrad Prebys Performing Arts Center (The Conrad) opened in April 2019. The Conrad is the new heart of cultural, arts education, and community event activity in La Jolla. The Conrad is the permanent home of LJMS and hosts world-class performances presented by LJMS as well as other San Diego arts presenters. Additionally, The Conrad will see a wide range of conferences, corporate meetings, and private events. 4845977 true true false false false false false false false true true false false false false true true false false false false false false false true false false false false true false false false false false false false false true false false false true false false false false true 31 0 false 36 true false false false false false true true false 0 false false false false false false false X 32 32 false false false true false false false true true false false true true true true true true true false false CA X TODD SCHULTZ 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 TED DEDEE President & CEO 40.00 0.00 X 215577 0 9227 CHRIS BENAVIDES DIR OF FINANCE 40.00 0.00 X 116679 0 8746 DAVID KITTO INTERIM PRES 40.00 0.00 X 107692 0 7992 DEBBY FISHBURN MEMBER 3.00 0.00 X 0 0 0 BERT CONELISON MEMBER 3.00 0.00 X 0 0 0 ANN DYNES MEMBER 3.00 0.00 X 0 0 0 CLIFFORD SCHIRESON MEMBER 3.00 0.00 X 0 0 0 JENNIFER EVE Secretary 5.00 0.00 X X 0 0 0 STEPHEN GAMP Treasurer 5.00 0.00 X X 0 0 0 SUE MAJOR MEMBER 3.00 0.00 X 0 0 0 ROBIN NORDHOFF Member 3.00 0.00 X 0 0 0 JOHN HESSELINK MEMBER 3.00 0.00 X 0 0 0 BRIAN DOUGLAS MEMBER 3.00 0.00 X 0 0 0 WENDY BRODY MEMBER 3.00 0.00 X 0 0 0 LISA WIDMIER MEMBER 3.00 0.00 X 0 0 0 LEHN GOETZ MEMBER 3.00 0.00 X 0 0 0 STEPHEN L BAUM Chair 5.00 0.00 X X 0 0 0 SYLVIA RE MEMBER 3.00 0.00 X 0 0 0 KATHERINE CHAPIN MEMBER 3.00 0.00 X 0 0 0 ARMAN ORUC MEMBER 3.00 0.00 X 0 0 0 SHERYL SCARANO MEMBER 3.00 0.00 X 0 0 0 RIC CHARLTON MEMBER 3.00 0.00 X 0 0 0 MAUREEN SHIFTAN MEMBER 3.00 0.00 X 0 0 0 LISE WILSON MEMBER 3.00 0.00 X 0 0 0 PETER WAGENER VICE CHAIR 5.00 0.00 X X 0 0 0 PEGGY PREUSS MEMBER 3.00 0.00 X 0 0 0 CLARA WU MEMBER 3.00 0.00 X 0 0 0 KATRINA WU MEMBER 3.00 0.00 X 0 0 0 SHARON COHEN MEMBER 3.00 0.00 X 0 0 0 JEANETTE STEVENS MEMBER 3.00 0.00 X 0 0 0 MARGE SCHMALE MEMBER 3.00 0.00 X 0 0 0 SUSAN HOEHN MEMBER 3.00 0.00 X 0 0 0 BEBE ZIGMAN MEMBER 3.00 0.00 X 0 0 0 DEBRA TURNER MEMBER 3.00 0.00 X 0 0 0 HAEYOUNG TANG MEMBER 3.00 0.00 X 0 0 0 439948 25965 3 false true false OPUS 3 ARTISTS 470 PARK AVE S 9TH FLOOR NEW YORK NY 10106 ARTIST FEE 143620 1 539474 620889 3592693 543518 4753056 FACILITY FEE 900099 45016 45016 HANDLING FEES 900099 13946 13946 PROGRAM REVENUE 900099 880562 880562 939524 97874 97874 0 0 114919 123431 114919 123431 238350 238350 0 166885 539474 183893 -17008 -17008 0 25388 25388 25388 OTHER INCOME 900099 58651 58651 58651 6095835 998175 344604 X 0 0 0 0 300587 140492 136975 23120 0 1390398 927812 216618 245968 8850 6195 2655 188205 105203 61415 21587 133492 90239 21904 21349 0 0 0 0 0 0 757074 731366 25062 646 152098 148971 3127 0 0 0 218223 208714 765 8744 24391 23840 551 0 0 0 0 1713201 1699572 8177 5452 82164 41082 24649 16433 MAINTENANCE AND REPAIRS 251231 163759 83725 3747 PRODUCTION COSTS 225638 224668 970 Printing and Publications 108340 89783 18548 9 ADMINISTRATIVE EXPENSES 103858 51929 31158 20771 300670 198547 60190 41933 5958420 4845977 696902 415541 12750930 2347822 827064 10009682 806944 1242294 727345 61832 0 0 0 0 217742 143558 71760411 2755046 70526284 69005365 0 1835146 562661 0 0 72000 87691455 83445214 4350946 306882 552695 117622 4903641 424504 X 80454238 80339100 2333576 2681610 82787814 83020710 87691455 83445214 137415 104781 -9300 X false true X true false X 9621671 16255830 11438760 24798526 4753056 66867843 0 0 9621671 16255830 11438760 24798526 4753056 66867843 14376769 52491074 30604 34905 66663 471933 336224 940329 17347 83552 429170 936924 25388 1492381 0 69300553 6646394 0.75740 0.74450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1869005 120045 19737 1969313 1798702 90936 20633 1869005 1794673 54008 49979 1798702 1773802 106431 85560 1794673 1734296 98523 79017 1753802 0.96000 0.04000 true false false 12045743 12045743 56621472 2176886 54444586 2390813 444896 1945917 702383 133264 569119 69005365 SAN DIEGO FOUNDATION ENDOWMENT 480021 F X 6375209 104781 183893 288674 6086535 9300 9300 6095835 6142313 183893 183893 5958420 5958420 Part V, Line 4: Intended uses of the endowment fund. THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE GENERAL OPERATIONS OF LA JOLLA MUSIC SOCIETY. Part X : FIN48 Footnote 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.The Company is considered a disregarded entity for income tax purposes, and its information is included in LJMS Return of Organization Exempt from Income Tax.LJMS Return of Organization Exempt from Income Tax for the years ended September 30, 2020, 2019, 2018 and 2017 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three-to-four years after the returns were filed. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 SPECIAL EVENT EXPENSE $183893 Part XII, Line 2d: Other expenses and losses per audited F/S SPECIAL EVENT EXPENSE $183893 X false SUMMERFEST GALA 392159 264659 127500 23170 36289 6072 6245 WINTERFEST GALA 311565 274815 36750 5542 47266 35713 23596 703724 539474 164250 28712 83555 41785 29841 183893 -19643 X X X X X X false false false false false false false false false TED DEDEE President & CEO 215577 9227 224804 X 12 534015 X WINE 27 9503 FMV false true false Form 990, Part VI, Line 5: Description of Material Diversion of Assets In February of 2021, The La Jolla Music Society terminated its longtime director of finance, Chris Benavides, after it had discovered a misappropriation of financial assets of approximately $113,000. A police report was filed in which it alleged he used the money for personal expenses. As of the filing of this form, law enforcement authorities had not completed their investigation. A forensic audit was also undertaken to determine the full extent of the activity. Form 990, Part VI, Line 11b: Form 990 Review Process THE DIRECTOR OF FINANCE REVIEWS THE FORM 990 IN DETAIL. HE PROVIDES THE AUDITCOMMITTEE WITH A GENERAL OVERVIEW OF THE FORM 990 AND ITS COMPONENT PARTS. HE ALSOHOLDS A SUMMARY MEETING WITH THE PRESIDENT/ARTISTIC DIRECTOR AND PRESIDENT OF THEBOARD WHO PROVIDE FINAL APPROVAL. A COMPLETE COPY OF THE 990 IS PROVIDED TO EACH MEMBER OF THE BOARD, PRIOR TO FILING, IN WHICH THEY HAVE THE OPPORTUNITY TO RAISE QUESTIONS OR CONCERNS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management A Compensation Committee was formed consisting of all of the members of the Executive Committee of the Board of Directors. We use a Performance Review that is excerpted from "Boardroom Dancing: A Practical Handbook for Nonprofit Boards," expected to be published by CompassPoint Nonprofit Services. We also gather compensation information from all of the major arts organizations in San Diego. We also call the executive recruiter that we used to hire our last 2 Presidents, including our current one, and ask for opinions on compensation. Finally, we look at a compensation study of Presidents in Not-for-Profit Organizations with the budget sizes of $2.5 15.9 million. We used this data to create a fair compensation package. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available LJMS MAKES ITS AUDITED FINANCIAL STATEMENTS, FORM 990, GOVERNING DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST. 7600 FAY AVENUE LLC 7600 FAY AVENUE LA JOLLA CA 92067 465723508 REAL ESTATE CA -181661 78897591 LA JOLLA MUSIC SOCIETY false false false false false false false false false false false false false false false false false false false