2022-08-15T16:55:56-05:00 2021-09-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2020-10-01 237148171 LA JOLLA MUSIC SOCIETY LAJO 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 TODD SCHULTZ PRESIDENT & CEO 8584593724 2022-08-15 1 TODD SCHULTZ 999009999 JANE COLEMAN P01391236 8586271400 2022-08-15 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z TODD SCHULTZ 7600 FAY AVENUE LA JOLLA CA 92037 5952217 0 X WWW.LJMS.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 36 100 0 0 4753056 4637754 939524 383823 97874 188392 305381 14644 6095835 5224613 0 0 0 0 2021532 2007112 0 0 639836 3936888 3999350 5958420 6006462 137415 -781849 83445214 84407602 424504 1076371 83020710 83331231 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 4458605 0 383823 THE CONRAD PREBYS PERFORMING ARTS CENTER (THE CONRAD) OPENED IN APRIL 2019 AND IS THE PERMANENT HOME OF LA JOLLA MUSIC SOCIETY (LJMS). LJMS IS THE LARGEST MULTIDISCIPLINARY PRESENTER IN SAN DIEGO AND ANNUALLY PRODUCES A NATIONALLY RECOGNIZED SUMMER FESTIVAL, SUMMERFEST. THE CONRAD HOSTS WORLD CLASS PERFORMANCES PRESENTED BY LJMS AS WELL AS OTHER SAN DIEGO ARTS PRESENTERS.DURING THE 2020-21 SEASON, THE ONGOING CORONAVIRUS PANDEMIC LED TO THE SHUTTERING OF THE CONRAD AND COUNTLESS OTHER VENUES ACROSS THE GLOBE. LJMS WENT FORWARD WITH CREATIVE SOLUTIONS. A SUCCESSFUL GALA WAS HELD ON THE LAWN OF THE LODGE AT TORREY PINES WITH AUDIENCE DISTANCED AND ON HOTEL ROOM BALCONIES. TWO SOCIALLY DISTANCED PERFORMANCES -SOLO PIANO BRUNCH CONCERTS IN THE CONRAD'S COURTYARD BY ERIC LU - WERE HELD IN OCTOBER. LIVESTREAMED CONCERTS REPLACED LIVE PERFORMANCES THROUGH THE SPRING, FOLLOWED BY TWO LIVE SOCIALLY DISTANCED OUTDOOR PERFORMANCES IN JUNE. SUMMERFEST 2021 RESUMED WITH LIVE PERFORMANCES TO MUCH ACCLAIM.LA JOLLA MUSIC SOCIETY'S COMMITMENT TO PRESENTING AND PRODUCING PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY EXTENDS BEYOND THE CONCERT HALL AND INTO ITS WORK IN THE SAN DIEGO COMMUNITY. IN 2020-21, GRAMMY AWARD-WINNING ENSEMBLE THIRD COAST PERCUSSION AND DANCERS FROM MOVEMENT 4 MOVEMENT SERVED AS LA JOLLA MUSIC SOCIETY'S SECOND EDUCATION AMBASSADORS, WORKING WITH SAN DIEGO STUDENTS ON AN INNOVATIVE COMPOSITION AND CHOREOGRAPHY PROJECT, CREATING A NEW WORK TITLED SPRING FLIGHT. 4458605 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 31 0 1 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X TODD SCHULTZ 8584593724 7600 FAY AVENUE LA JOLLA CA 92037 STEPHEN L BAUM CHAIR 5.00 0.00 X X 0 0 0 PETER WAGENER VICE CHAIR 5.00 0.00 X X 0 0 0 STEPHEN GAMP TREASURER 5.00 0.00 X X 0 0 0 JENNIFER EVE SECRETARY 5.00 0.00 X X 0 0 0 MARY ANN BEYSTER MEMBER 3.00 0.00 X 0 0 0 GORDON BRODFUEHRER MEMBER 3.00 0.00 X 0 0 0 WENDY BRODY MEMBER 3.00 0.00 X 0 0 0 RIC CHARLTON MEMBER 3.00 0.00 X 0 0 0 SHARON COHEN MEMBER 3.00 0.00 X 0 0 0 BERT CORNELISON MEMBER 3.00 0.00 X 0 0 0 BRIAN DOUGLASS MEMBER 3.00 0.00 X 0 0 0 ANN DYNES MEMBER 3.00 0.00 X 0 0 0 DEBBY FISHBURN MEMBER 3.00 0.00 X 0 0 0 LEHN GOETZ MEMBER 3.00 0.00 X 0 0 0 JOHN HESSELINK MEMBER 3.00 0.00 X 0 0 0 SUSAN HOEHN MEMBER 3.00 0.00 X 0 0 0 VIVIAN LIM MEMBER 3.00 0.00 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 ARMAN ORUC MEMBER 3.00 0.00 X 0 0 0 PEGGY PREUSS MEMBER 3.00 0.00 X 0 0 0 SYLVIA RE MEMBER 3.00 0.00 X 0 0 0 SHERYL SCARANO MEMBER 3.00 0.00 X 0 0 0 CLIFFORD SCHIRESON MEMBER 3.00 0.00 X 0 0 0 MARGE SCHMALE MEMBER 3.00 0.00 X 0 0 0 MAUREEN SHIFTAN MEMBER 3.00 0.00 X 0 0 0 JEANETTE STEVENS MEMBER 3.00 0.00 X 0 0 0 STEPHANIE STONE MEMBER 3.00 0.00 X 0 0 0 DEBRA TURNER MEMBER 3.00 0.00 X 0 0 0 LISE WILSON MEMBER 3.00 0.00 X 0 0 0 BEBE ZIGMAN MEMBER 3.00 0.00 X 0 0 0 TODD SCHULTZ PRESIDENT & CEO (AS OF 1/2021) 40.00 0.00 X 0 0 0 CHRIS BENAVIDES DIR OF FINANCE (THRU 2/2021) 40.00 0.00 X 122930 0 10043 LEAH ROSENTHAL ARTISTIC DIRECTOR 40.00 0.00 X 111531 0 7244 JOHANNES KLING PRODUCTION MANAGER 40.00 0.00 X 123006 0 5925 FERDINAND GASANG DIRECTOR OF DEVELOPMENT 40.00 0.00 X 114081 0 7202 ADAM THURMAN DIRECTOR OF MARKETING 40.00 0.00 X 117001 0 8945 TED DEDEE PRESIDENT & CEO (THRU 6/2020) 40.00 0.00 X 113200 0 14345 701749 0 53704 6 1 1 0 OPUS 3 ARTISTS 470 PARK AVE S 9TH FLOOR NEW YORK NY 10106 ARTIST FEE 142500 1 940742 128544 3568468 493002 4637754 TICKET SALES 900099 354818 354818 29005 29005 383823 145385 145385 108587 15617 23175 0 85412 15617 101029 101029 514064 471057 43007 43007 43007 143586 940742 233372 -89786 -89786 3401 0 3401 3401 5224613 383823 0 203036 X 262367 203338 25567 33462 1373604 1064560 133856 175188 98331 76209 9578 12544 140738 109073 13715 17950 132072 102358 12870 16844 19085 19085 368129 368129 31932 31932 609893 601042 3834 5017 72053 55842 7021 9190 174611 135326 17016 22269 245939 190605 23967 31367 232029 179825 22611 29593 86093 66724 8389 10980 2485 1926 242 317 1701967 1319045 165855 217067 100795 78117 9823 12855 MAINTENCE AND REPAIRS 139702 108270 13614 17818 CATERING 113639 88071 11074 14494 DUES AND SUBSCRIPTIONS 43224 33499 4212 5513 ADMIN EXPENSES 26180 20290 2551 3339 31594 24485 3080 4029 6006462 4458605 908021 639836 2347822 3221530 10009682 442982 1242294 1486449 61832 237434 143558 132380 71995254 4457012 69005365 67538242 10676242 562661 672343 72000 0 83445214 84407602 306882 283555 117622 428903 0 363913 424504 1076371 X 80339100 80763545 2681610 2567686 83020710 83331231 83445214 84407602 -781849 1092370 0 X 0 1 X 1 0 X 16255830 11438760 24798526 4753056 4637754 61883926 16255830 11438760 24798526 4753056 4637754 61883926 22982210 38901716 34905 66663 471933 336224 269589 1179314 83552 429170 936924 0 0 1449646 25388 3401 28789 64541675 5957897 0.60270 0.75740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 25,388. 2020 AMOUNT: $ 3,401. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1969463 189329 2158792 1869005 129494 29036 1969463 1798702 90936 20633 1869005 1794673 54008 49979 1798702 1773802 106431 85560 1794673 0.00000 0.96000 0.04000 1 0 12045743 12045743 56621472 3326020 53295452 3064478 903821 2160657 263561 227171 36390 67538242 X 6646462 1092371 79699 256547 1428617 5217845 6768 6768 5224613 6335940 79699 79699 6256241 6768 -256547 -249779 6006462 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: SPECIAL EVENT EXPENSES 233,372. RENTAL EXPENSES 23,175. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -233,372. RENTAL EXPENSES -23,175. SUMMERFEST GALA 428541 401396 27145 16935 56149 7560 18765 WINTERFEST GALA 655787 539346 116441 42421 38521 33881 19140 1084328 940742 143586 59356 94670 41441 37905 233372 -89786 X X X 0 0 0 0 0 0 0 0 0 TED DEDEE PRESIDENT & CEO (THRU 6/2020) 113200 0 0 0 0 0 8850 0 5495 0 127545 0 0 0 X 20 493002 FMV 0 0 1 0 PART I, COLUMN (B): LJMS IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 5 IN FEBRUARY 2021, THE LA JOLLA MUSIC SOCIETY ("LJMS") TERMINATED ITS LONGTIME DIRECTOR OF FINANCE AFTER THE ORGANIZATION DISCOVERED THAT HE HAD DIVERTED LJMS'S FUNDS FOR HIS PERSONAL USE. LJMS REPORTED THIS DISCOVERY TO LAW ENFORCEMENT AND A FORENSIC AUDIT WAS UNDERTAKEN TO DETERMINE THE FULL EXTENT OF THE THEFT. IN FEBRUARY 2022, LAW ENFORCEMENT INVESTIGATION AND THE FORENSIC AUDIT WERE COMPLETED. THE FORMER DIRECTOR OF FINANCE PLEADED GUILTY IN FEDERAL COURT TO WIRE FRAUD, ADMITTING THAT WHILE EMPLOYED, HE EMBEZZLED MORE THAN $650,000 OVER A 10 YEAR PERIOD FROM LJMS AND USED THE MONEY TO PAY HIS PERSONAL EXPENSES. HE WAS SENTENCED IN AUGUST 2022 TO 30 MONTHS IN CUSTODY FOLLOWED BY 36 MONTHS OF SUPERVISED RELEASE. THE COURT IS EXPECTED TO IMPOSE A RESTITUTION ORDER. LJMS FILED A CIVIL LAWSUIT AGAINST THE FORMER DIRECTOR OF FINANCE TO RECOVER DIVERTED FUNDS AND AS OF THE FILING OF THIS FORM 990 THE CIVIL LAWSUIT IS STILL PENDING. LJMS HAS IMPLEMENTED PROCEDURES TO PREVENT A RECURRENCE OF THIS SITUATION, INCLUDING: - HIRED AN EXTERNAL FIRM TO OVERSEE ITS ACCOUNTING FOR PRIOR YEAR AND CURRENT YEAR AS WELL TO ADVISE ON THE ORGANIZATION'S INTERNAL CONTROLS AND FINANCE FUNCTIONS - HIRED A NEW FINANCIAL MANAGEMENT TEAM AND A NEW DIRECTOR OF FINANCE - INCREASED THE NUMBER OF AUDIT COMMITTEE MEETINGS - ENGAGED A NEW OUTSIDE AUDIT FIRM 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/ARTISTIC DIRECTOR AND CHAIRMAN OF THE BOARD WHO PROVIDE 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 15A 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. 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 ARTIST FEES: PROGRAM SERVICE EXPENSES 528,675. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 528,675. PAYROLL FEES: PROGRAM SERVICE EXPENSES 6,764. MANAGEMENT AND GENERAL EXPENSES 851. FUNDRAISING EXPENSES 1,113. TOTAL EXPENSES 8,728. PRODUCTION FEES: PROGRAM SERVICE EXPENSES 41,880. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,880. OTHER FEES: PROGRAM SERVICE EXPENSES 23,723. MANAGEMENT AND GENERAL EXPENSES 2,983. FUNDRAISING EXPENSES 3,904. TOTAL EXPENSES 30,610. 7600 FAY AVENUE LLC 7600 FAY AVENUE LA JOLLA CA 92067 465723508 REAL ESTATE CA 2493247 78416161 LA JOLLA MUSIC SOCIETY