2021-05-17T17:01:25-05:00 2020-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2019-07-01 941156610 SAN FRANCISCO CONSERVATORY OF MUSIC SANF 4157593423 50 OAK STREET SAN FRANCISCO CA 94102 KATHRYN WITTENMYER V.P. FINANCE & ADMIN 4157593423 2021-05-13 1 MAGA E KISRIEV P01008919 4157810793 2019 2022-09-23 18:48:47Z DAVID STULL 50 OAK STREET SAN FRANCISCO CA 94102 80506284 0 X WWW.SFCM.EDU X 1923 CA THE CONSERVATORY OFFERS UNDERGRADUATE, GRADUATE AND POSTGRADUATE MUSICAL EDUCATION. 32 32 675 33 2108 0 24023673 40033856 23341279 24417799 2346922 1551727 369221 -103791 50081095 65899591 11311602 12414803 0 0 16654760 19318955 63669 57363 1855772 8033646 7292701 36063677 39083822 14017418 26815769 213535562 312994298 23103668 96791117 190431894 216203181 X THE SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) EDUCATES EXCEPTIONALLY TALENTED MUSICIANS FROM AROUND THE WORLD TO BECOME ARTISTS OF THE HIGHEST CALIBER, AS WELL AS MUSICAL CITIZENS PREPARED FOR THE CHALLENGES OF THE TWENTY-FIRST CENTURY. 0 1 25383851 12113019 21645048 COLLEGIATE INSTRUCTION - SFCM IS AN ACCREDITED COLLEGE GRANTING BACHELOR'S AND MASTER'S DEGREES IN MUSIC PERFORMANCE. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, RECRUITMENT, AND ACADEMIC SUPPORT (LIBRARY, STUDENT SERVICES, ETC.). 444 STUDENTS WERE ENROLLED. 437 STUDENTS RECEIVED SFCM SCHOLARSHIPS. 1 ARTIST CERTIFICATE, 33 BACHELORS, 4 POST GRADUATE DIPLOMAS, 78 MASTERS, AND 20 PROFESSIONAL STUDIES DIPLOMAS WERE AWARDED. 2213984 301784 2878651 PRE-COLLEGIATE AND ADULT EXTENSION - MUSIC INSTRUCTION FOR 4-18 YEAR OLDS AND CONTINUING EDUCATION FOR ADULTS. INSTRUCTION INCLUDES EARLY CHILDHOOD MUSIC CLASSES, PRIVATE MUSIC INSTRUCTION, AND CLASSES. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, ADVERTISING, AND SUPPORT. 255 STUDENTS WERE ENROLLED AND 76 STUDENTS RECEIVED SCHOLARSHIPS. 27597835 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 1 213 0 1 675 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KATHRYN WITTENMYER 4157593423 50 OAK STREET SAN FRANCISCO CA 94102 TIMOTHY FOO BOARD CHAIR 10.00 X X 0 0 0 DEEPA PAKIANATHAN EXEC. VICE CHAIR 1.00 X X 0 0 0 MICHAEL WHITMAN VICE CHAIR 1.00 X X 0 0 0 KAREN KUBIN SECRETARY 1.00 X X 0 0 0 JOSHUA RAFNER TREASURER 1.00 X X 0 0 0 ADITI MANDPE TRUSTEE 1.00 X 0 0 0 ANISYA FRITZ TRUSTEE 1.00 X 0 0 0 BARBARA WALKOWSKI TRUSTEE 1.00 X 0 0 0 CAMILLA SMITH TRUSTEE 1.00 X 0 0 0 CAROL CASEY TRUSTEE 1.00 X 0 0 0 CAROL DOLL TRUSTEE 1.00 X 0 0 0 CHRISTIANE DE BORD TRUSTEE 1.00 X 0 0 0 DAVID KREMER TRUSTEE 1.00 X 0 0 0 DIANE ZACK TRUSTEE 1.00 X 0 0 0 EILEEN BLUM TRUSTEE 1.00 X 0 0 0 GARY GARABEDIAN TRUSTEE 1.00 X 0 0 0 JAMES FREEMAN TRUSTEE 1.00 X 0 0 0 JAN BUCKLEY TRUSTEE 1.00 X 0 0 0 JANE TOM TRUSTEE 1.00 X 0 0 0 JEFFREY GAO TRUSTEE 1.00 X 0 0 0 LISA DELAN TRUSTEE 1.00 X 0 0 0 LISA GROTTS TRUSTEE (THRU 4/5/20) 1.00 X 0 0 0 MARIA SHIM TRUSTEE 1.00 X 0 0 0 MARY POLAND TRUSTEE 1.00 X 0 0 0 MAUREEN SULLIVAN TRUSTEE 1.00 X 0 0 0 MAURICE WERDEGAR TRUSTEE 1.00 X 0 0 0 PAYAM MIRRASHIDI TRUSTEE 1.00 X 0 0 0 PHILIP NICOL TRUSTEE 1.00 X 0 0 0 REBECCA-SEN CHAN TRUSTEE 1.00 X 0 0 0 ROBERT ZERBST TRUSTEE 1.00 X 0 0 0 SIWEI ZOU TRUSTEE 1.00 X 0 0 0 STEPHEN RUBIN TRUSTEE 1.00 X 0 0 0 SUSAN MARINEAU TRUSTEE 1.00 X 0 0 0 DAVID STULL PRESIDENT 40.00 X 673052 0 190714 KATHRYN WITTENMYER VP OF FINANCE AND ADMIN 40.00 X 193676 0 46004 JONAS WRIGHT DEAN 40.00 X 194010 0 11455 KATHLEEN NICELY VICE PRESIDENT OF ADVANCEMENT 40.00 X 257113 0 21460 CESAR ULLOA COLLEGIATE FACULTY 40.00 X 241802 0 26241 SUSAN MCCONKEY VP OF STRATEGIC INIT. (THRU 4/10/20) 40.00 X 202541 0 25984 DIMITRI MURRATH COLLEGIATE FACULTY 40.00 X 192487 0 28694 YOSHIKAZU NAGAI COLLEGIATE FACULTY 40.00 X 193954 0 21211 2148635 0 371763 33 0 1 0 MARK CAVAGNERO ASSOCIATES 1045 SANSOME ST 200 SAN FRANCISCO CA 94111 ARCHITECTURAL SERVICES 1416097 EQUITY COMMUNITY BUILDERS PO BOX 295895 SAN FRANCISCO CA 94129 PROJECT MANAGEMENT 450292 CORPORATE SECURITY SERVICES 5 THIRD ST SUITE 314 SAN FRANCISCO CA 94103 SECURITY SERVICES 370951 PC PROFESSIONAL INC 1615 WEBSTER ST OAKLAND CA 94612 PC MAINTENANCE SERVICES 230457 CONSTRUCTION TESTING SERVICES 2118 RHEEM DR PLEASANTON CA 94588 CONSTRUCTION TESTING 208107 10 159515 571000 785769 38517572 2209720 40033856 TUITION AND FEES 611310 24172176 24172176 OTHER EDUCATIONAL 611710 245623 245623 24417799 1802461 2108 1800353 3153705 3410094 -256389 -256389 105900 -362289 10484961 225000 10570171 390524 -85210 -165524 -250734 -250734 382126 159515 226962 155164 155164 6376 8942 -2566 -2566 65899591 24523699 2108 1339928 12414803 12414803 1237635 867348 370287 15371799 11507284 2962346 902169 384738 265148 108444 11146 1280995 742082 390024 148889 1043788 784481 199332 59975 71964 71964 109150 109150 57363 57363 162684 162684 1628277 627931 998518 1828 137956 68961 62491 6504 1046491 428355 480368 137768 522622 232029 203117 87476 1045425 157907 885847 1671 400187 258084 89058 53045 30513 5067 23505 1941 252577 252577 1246513 1246513 POST RETIREMENT HEALTH 404674 404674 CATERING 70280 39861 22791 7628 163388 65842 89464 8082 39083822 27597835 9630215 1855772 2766879 22410341 42613916 32150067 2463434 2312619 1260032 1161025 585499 828732 235477007 21784122 122030002 213692885 40484590 38988155 72022 162733 1259188 1287741 213535562 312994298 9471330 21807596 2557309 2670726 5771056 64038664 0 2638800 5303973 5635331 23103668 96791117 X 52667747 70983469 137764147 145219712 190431894 216203181 213535562 312994298 26815769 -1044482 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6752776 X 0 43277000 2422000 312000 2513000 43498000 42871000 1019000 1966000 2579000 43277000 41260000 968000 3154000 2511000 42871000 37131000 2292000 4110000 2273000 41260000 40379000 770000 -2068000 1950000 37131000 0.00200 0.99800 0.00000 0 0 13392091 9860951 23253042 1448656 64866287 15978181 50336762 7171432 4777884 2393548 138737590 1028057 137709533 213692885 PERKINS GOV'T LOANS 522254 ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION 4847027 LIBRARY DEPOSITS 124745 457(B) DEFERRED COMPENSATION OBLIGATION 141305 5635331 X 56172419 -1044482 -12166004 -13210486 69382905 162684 -3645998 -3483314 65899591 30401132 3645998 3645998 26755134 162684 12166004 12328688 39083822 PART III, LINE 4: SAN FRANCISCO CONSERVATORY OF MUSIC MAINTAINS COLLECTIONS OF MUSICAL INSTRUMENTS. THE INSTRUMENTS ARE USED IN MUSIC CLASS INSTRUCTIONS AND PERFORMANCES AT THE ORGANIZATION. PART V, LINE 4: THE CONSERVATORY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) OPERATES AS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER PROVISIONS OF THE U.S. INTERNAL REVENUE CODE, SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. AS OF JUNE 30, 2020, MANAGEMENT EVALUATED SFCM'S TAX POSITIONS AND CONCLUDED THAT SFCM HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE -12,166,004. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE -3,410,094. FUNDRAISING EVENTS NETTED AGAINST REVENUE -226,962. COST OF GOODS SOLD NETTED AGAINST REVENUE -8,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE 3,410,094. FUNDRAISING EVENTS NETTED AGAINST REVENUE 226,962. COST OF GOODS SOLD NETTED AGAINST REVENUE 8,942. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 12,166,004. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SFCM PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL WEBSITE. SCHEDULE E, PART I, LINE 6 THE SAN FRANCISCO CONSERVATORY OF MUSIC MANAGES AN EXTENSIVE FINANCIAL ASSISTANCE PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION ATTENDS AND GRADUATES FROM THE CONSERVATORY. THE CONSERVATORY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT GRANT AND LOAN PROGRAMS, INCLUDING PELL, SEOG, CWSP, PERKINS, AND FFEL. THE CONSERVATORY ALSO RECEIVES GRANTS FROM THE SAN FRANCISCO GRANTS FOR THE ARTS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SENDING ORGANIZATION REPRESENTATIVES TO PERFORM, ATTEND AND SPEAK AT SEMINARS AND CONFERENCES; RECRUITING. 46897 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 358521 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES ACADEMIC ACTIVITIES 63899 NORTH AMERICA 0 0 PROGRAM SERVICES ACADEMIC ACTIVITIES 5828 0 0 0 0 0 0 475145 0 475145 0 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 GRENZEBACH GLIER & ASSOCIATES PO BOX 775324 CHICAGO IL 60677 FUNDRAISING CONSULTING 0 0 56779 -56779 56779 -56779 CA MUSIC IN NATURE 434072 124410 309662 17947 73626 8361 FANFARE 60075 35105 24970 29543 13975 37785 1 47494 47494 26788 1908 17029 541641 159515 382126 74278 89509 63175 226962 155164 SCHEDULE G, PART I, LINE 2B, LIST OF TEN HIGHEST PAID FUNDRAISERS: (I) THE $56,779 PAID TO GRENZEBACH, GLIER & ASSOCIATES (GG+A) CONSISTED OF REIMBURSEMENTS OF $22,735 FOR TRAVEL AND LODGING. SFCM HAD A REIMBURSEMENT AGREEMENT WITH GG+A FOR REASONABLE TRAVEL AND OTHER EXPENSES IN THE COURSE OF PROVIDING CONSULTATION SERVICES. THESE REIMBURSEMENTS ARE INDEPENDENT OF THE SERVICE FEES STATED IN THE AGREEMENT. 1 COLLEGIATE TUITION SCHOLARSHIPS 437 11867195 COLLEGIATE SCHOLARSHIPS - NON TUITION 206 235587 COLLEGIATE PROFESSIONAL DEVELOPMENT GRANTS 32 12712 PRE-COLLEGIATE TUITION SCHOLARSHIPS 76 298809 PRE-COLLEGIATE SCHOLARSHIPS - NON TUITION 1 500 PART I, LINE 2: A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE ON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC AND MUSIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DAVID STULL PRESIDENT 550000 0 72500 0 50552 0 13875 0 176839 0 863766 0 50000 0 KATHRYN WITTENMYER VP OF FINANCE AND ADMIN 192488 0 0 0 1188 0 10750 0 35254 0 239680 0 0 0 JONAS WRIGHT DEAN 193842 0 0 0 168 0 9750 0 1705 0 205465 0 0 0 KATHLEEN NICELY VICE PRESIDENT OF ADVANCEMENT 256753 0 0 0 360 0 8750 0 12710 0 278573 0 0 0 CESAR ULLOA COLLEGIATE FACULTY 216846 0 0 0 24956 0 11125 0 15116 0 268043 0 0 0 SUSAN MCCONKEY VP OF STRATEGIC INIT. (THRU 4/10/20) 201353 0 0 0 1188 0 10375 0 15609 0 228525 0 0 0 DIMITRI MURRATH COLLEGIATE FACULTY 176978 0 0 0 15509 0 5210 0 23484 0 221181 0 0 0 YOSHIKAZU NAGAI COLLEGIATE FACULTY 193846 0 0 0 108 0 9838 0 11373 0 215165 0 0 0 PART I, LINE 1A DAVID STULL, PRESIDENT, IS REQUIRED TO LIVE IN SFCM-PROVIDED HOUSING FOR THE CONVENIENCE OF SFCM, WHICH WAS TREATED AS A NON-TAXABLE BENEFIT. PART I, LINE 4B DAVID STULL, PRESIDENT, RECEIVED $50,000 UNDER SECTION 457(F) PLAN IN CALENDAR YEAR 2019. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2018-06-28 100000000 CONSTRUCTION OF STUDENT RESIDENCE, EDUCATIONAL AND PERFORMANCE FACILITY 0 0 0 A 100000000 4125000 95875000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 JESSICA DOWNS FAMILY MEMBER OF DAVID STULL, PRESIDENT 60000 THE SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) HIRED A FAMILY MEMBER OF DAVID STULL, PRESIDENT, AS A PART-TIME EMPLOYEE TO PROVIDE MANAGEMENT AND COORDINATION SERVICES FOR A BI-ANNUAL EVENT SPONSORED BY SFCM. IN ADDITION, SHE MANAGES A NEW PROGRAM TO PROVIDE MUSIC CRITIQUE SUPPORT TO VARIOUS NEWSPAPERS IN THE U.S. AND ONE IN CANADA. 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 617908 PROJECT MANAGEMENT 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 82377521 ARCHITECTURAL SERVICES 0 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 1604324 INTEREST PAYMENT 0 X 10 167124 FAIR MARKET VALUE X MUSICAL EQUIPMENT 6 1996046 FAIR MARKET VALUE X MATTRESSES 1 46550 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART III, LINE 3 SFCM DELAYED THE START OF FALL 2020 CLASSES AND IS OFFERING A HYBRID LEARNING MODEL WITH BOTH ON-LINE AND IN-PERSON INSTRUCTION WHERE POSSIBLE. SFCM HAS EXPERIENCED AN IMPACT ON ITS OPERATIONS WHICH INCLUDES A LOWER FALL ENROLLMENT AND STUDENT HOUSING PARTICIPATION THAN EXPECTED. IN ADDITION, FINANCIAL MARKETS VOLATILITY HAS SIGNIFICANTLY INCREASED AND A DECLINE IN MARKET VALUATIONS MAY NEGATIVELY IMPACT THE VALUE OF INVESTMENT PORTFOLIOS AND ENDOWMENT INCOME DRAWS HELD BY SFCM. DURING CALENDAR YEAR 2020, SFCM EXPERIENCED A DIFFICULT FIRST QUARTER WITH ITS INVESTMENTS DUE TO THE MARKET REACTION TO THE UNCERTAINTY OF THE GLOBAL IMPACT OF COVID-19. IT HAS SINCE APPRECIATED A MODEST GAIN DURING QUARTER TWO AS GLOBAL MARKETS RECOVERED. OTHER FINANCIAL IMPACTS COULD OCCUR THOUGH SUCH POTENTIAL IMPACT IS UNKNOWN AT THIS TIME. FORM 990, PART VI, SECTION B, LINE 11B THE CONSERVATORY'S ACCOUNTING FIRM PREPARED THE FORM 990 WITH THE ASSISTANCE OF THE V.P. FINANCE. UPON ITS COMPLETION, IT WAS FORWARDED TO THE BOARD CHAIR, TREASURER, PRESIDENT, AND CHAIR OF THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING THE FORM 990. THE ACCOUNTING FIRM PRESENTED THE FORM 990 TO THE BOARD CHAIR, PRESIDENT, CHAIR OF THE AUDIT COMMITTEE, AND V.P. FINANCE. AFTER IT WAS REVIEWED BY THE INDIVIDUALS NOTED ABOVE, ALL VOTING MEMBERS OF THE BOARD WERE NOTIFIED THAT THE FORM 990 WAS COMPLETED AND THEY WERE ENCOURAGED TO REVIEW THE FORM 990 AND FORWARD THEIR QUESTIONS TO THE V.P. FINANCE. AFTER THE STATED REVIEW PERIOD, THE FORM 990 WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONSERVATORY'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES, STAFF AND FACULTY. THE POLICY DEFINES POTENTIAL CONFLICTS OF INTEREST TO INCLUDE, BUT ARE NOT LIMITED TO: FINANCIAL INTEREST; ACCEPTANCE OF GIFTS (EXCEPT FOR THOSE OF NOMINAL VALUE); DISCLOSURE OR USE OF CONFIDENTIAL INFORMATION; POSSIBLY OUTSIDE EMPLOYMENT (FOR EMPLOYEES). THE CONSERVATORY DOES RELY ON SELF-IDENTIFICATION REGARDING POTENTIAL CONFLICTS OF INTEREST. EACH MEMBER OF THE BOARD SIGNS A STATEMENT THAT THEY: 1) RECEIVED A COPY OF THE POLICY; 2) HAVE READ AND UNDERSTAND THE POLICY; 3) AGREE TO COMPLY WITH THE POLICY; 4) UNDERSTAND THAT THE POLICY APPLIES TO ALL COMMITTEES AND SUBCOMMITTEES. IN ADDITION, THEY STATE ANY CONFLICTS AND/OR ATTEST TO NONE. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS FOUND FOR A TRUSTEE, HE/SHE WILL NOT BE COUNTED TOWARD A QUORUM AT ANY MEETING WHERE THE CONFLICT IS DISCUSSED, AND WILL NOT BE ALLOWED TO VOTE ON ANY ACTION REGARDING THE ISSUE. IN THE EVENT THAT A TRUSTEE (OR FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST IN AN ACTUAL OR CONTEMPLATED TRANSACTION, THE BOARD SHALL REQUIRE DISCLOSURE OF SUCH FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING THERETO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HAS AUTHORIZED THE EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE ANNUAL COMPENSATION FOR TOP MANAGEMENT. ANNUALLY, THE ASSOC. V.P. OF HR GATHERS COMPARATIVE SALARY DATA FROM AVAILABLE SOURCES AND PRESENTS THE DATA ALONG WITH PROPOSED SALARIES. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES SALARIES. THE REVIEW PROCESS AND VOTE IS RECORDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. 200 VAN NESS AVENUE LLC 50 OAK STREET SAN FRANCISCO CA 94102 471872329 REAL ESTATE RENTAL CA 0 0 SAN FRANCISCO CONSERVATORY OF MUSIC 214 VAN NESS AVENUE LLC 50 OAK STREET SAN FRANCISCO CA 94102 941156610 REAL ESTATE RENTAL CA 0 0 SAN FRANCISCO CONSERVATORY OF MUSIC THE HARRIS GUITAR FOUNDATION 1563 SOLANO AVE SUITE 201 BERKELEY CA 94707 461025013 SUPPORTING ORGANIZATION CA 501(C)(3) LINE 12A, I N/A 0 POOLED INCOME FUNDS (4) INVESTMENTS CA SAN FRANCISCO CONSERVATORY OF MUSIC T 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0