2021-04-20T20:51:50-05:00 2020-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2019-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES GENERAL DIRECTOR 4082862600 2021-04-16 1 MATTHEW PETROSKI P00853132 4082006400 2021-04-16 2019 2022-09-23 18:48:47Z ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 3366450 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 8 245 80 0 0 922052 1763605 1997992 1077471 78370 91631 10684 6500 3009098 2939207 0 0 0 0 1949962 1860485 0 0 99370 1293386 999154 3243348 2859639 -234250 79568 2759996 2671011 610168 415530 2149828 2255481 X TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 2482114 1083271 SYMPHONY SILICON VALLEY ("THE SYMPHONY") JOINED MUCH OF THE NATION IN HALTING ALL ITS ACTIVITIES IN LATE FEBRUARY 2020 IN RESPONSE TO THE COVID-19 PANDEMIC. THE FIRST HALF OF THE 2019-20 SEASON WAS COMPLETED, HOWEVER, BEFORE THE FORCED CANCELLATION OF THE YEAR'S REMAINING PROGRAMS.FOUR OUT OF SEVEN CLASSICS PROGRAMS (NINE OF 15 PLANNED PERFORMANCES), FOR EXAMPLE, WERE PERFORMED BEFORE THE LOCKDOWN. THE TWO OPENING CONCERT SETS IN OCTOBER WERE HIGHLIGHTED BY A LOCAL PREMIERE (KODALY'S ENGAGING PEACOCK VARIATIONS) AND A LONG-AWAITED SSV COMMISSION BY WORLD MUSICIAN DAVID AMRAM. A DOUBLE CONCERTO FOR VIOLIN AND CELLO, IT WAS WRITTEN IN TRIBUTE TO SIX MUSICIANS WHO GREATLY INFLUENCED AMRAM'S OWN LIFE WORK, INCLUDING WOODY GUTHRIE, BILLIE HOLLIDAY, AND AFRO-CUBAN MASTER MACHITO GRILLO. THE SYMPHONY'S THIRD PROGRAM, IN DECEMBER, WAS ANCHORED BY KHACHATURIAN'S EXPRESSIVE PIANO CONCERTO PERFORMED TO AUDIENCE CHEERS BY FIERY ARMENIAN PIANIST NAREH ARGHMANYAN. SSV'S JANUARY SUBSCRIPTION PROGRAM WAS DESIGNED AS AN EXPERIMENT IN AUDIENCE-BUILDING, ADDRESSING BOTH CLASSICS LOVERS AND FANS OF SSV'S SUCCESSFUL FILMS-WITH-ORCHESTRA. A PROMISING NUMBER OF THOSE FANS JOINED THE CLASSICS AUDIENCE FOR THE FILM THE RED VIOLIN WITH SOLOIST LARA ST. JOHN LEADING THE FULL ORCHESTRA IN ITS FAMED SCORE. SSV'S NEXT CONCERT SEASON WILL REPEAT THE EXPERIMENT WITH THE FILM AMADEUS, IMMERSING AUDIENCES IN MOZART'S SHORT LIFE AND IMMORTAL MUSIC. SSV CONTINUES TO CULTIVATE ITS ROSTER OF OUTSTANDING GUEST CONDUCTORS. THE SEPTEMBER AND DECEMBER CONCERTS WERE LED BY MAESTROS CARLOS VIEU, A REGULAR GUEST FROM ARGENTINA, AND PIETRO RIZZO FROM ITALY IN HIS FIRST APPEARANCE WITH SSV. LATE OCTOBER FEATURED RENOWNED MAESTRA JOANN FALLETTA IN HER SECOND PROGRAM WITH SSV. (A THIRD WAS PLANNED FOR FY21). FALLETTA INTRODUCED LISTENERS TO THE WORK OF NOTED 20TH CENTURY COMPOSER NADIA BOULANGER; WHILE BRAHMS, RACHMANINOFF AND TCHAIKOVSKY COMPLETED THE THREE PROGRAMS.EACH YEAR SYMPHONY SILICON VALLEY'S FILM-WITH-ORCHESTRA SERIES ATTRACTS YOUNG, DIVERSE, AND EXUBERANT AUDIENCES TO POPULAR FILMS SHOWN ON OVER-SIZED SCREENS, WITH THEIR HIGH-PROFILE SCORES PERFORMED BY THE FULL SYMPHONY ORCHESTRA. THESE CONCERTS INTRODUCE THEIR AUDIENCES TO THE MAGIC OF LIVE ORCHESTRA PERFORMANCE IN A WELCOMING SETTING. THEY ARE EXTENDING SSV'S SERVICES DEEPER INTO THE COMMUNITY, WHILE EXPANDING EMPLOYMENT FOR THE SYMPHONY MUSICIANS.THREE HARRY POTTER FILMS WERE SCHEDULED FOR FY19-20, A FLOURISH TO CLOSE SSV'S PRESENTATION OF THE EIGHT-FILM SERIES. THE FINAL TWO OF THESE, PLANNED FOR LATE FEBRUARY AND APRIL, TELL A SINGLE CLIMACTIC STORY. LATE SALES HAD REPEATEDLY PEAKED FOR THE SIX EARLIER FILMS; BUT FEBRUARY SALES FOR THE UPCOMING CONCERTS DROPPED ABRUPTLY AS CONCERN ABOUT THE PANDEMIC SPREAD. THE CLOSING FILM OF THE HARRY POTTER SERIES WAS FINALLY POSTPONED FROM APRIL 2020 TO AN INDETERMINATE FUTURE DATE.BY OCTOBER 2019, ARTSPARK, SSV'S FREE AND LIVELY IN-THEATER EDUCATION CONCERT SERIES, WAS FULLY BOOKED FOR 4,000 FOURTH GRADERS. THE MAJORITY OF ITS PARTICIPATING SCHOOLS ARE TITLE ONE, WITH 70% OF THE STUDENTS ON FREE LUNCH PROGRAMS; AND AN ESSENTIAL ARTSPARK COMPONENT IS FREE BUSSING FOR EVERY CLASSROOM. IN COLLABORATION WITH THE COUNTY OFFICE OF EDUCATION, IN 2018-19 THE IN-CLASS MATERIALS WERE REDESIGNED TO INTEGRATE MUSIC MORE FULLY INTO THE FOURTH- GRADE CURRICULUM. THEY WERE AN IMMEDIATE SUCCESS, ENGAGING BOTH TEACHERS AND STUDENTS. IN 2019-20 THE CONCERTS AND SCHOOLS WERE AGAIN SCHEDULED FOR MID-SPRING, BUT WERE NECESSARILY CANCELLED BY COVID19.SYMPHONY SILICON VALLEY CHORALE OPENED ITS SEASON IN OCTOBER WITH A NEW MANDARIN-LANGUAGE ORATORIO PERFORMED IN COLLABORATION WITH GUEST SOLOISTS FROM CHINA AND A LOCAL UNIVERSITY ORCHESTRA. ITS POPULAR HOLIDAY CONCERT IN DECEMBER DREW ITS LARGEST-EVER COMMUNITY AUDIENCE. LATER IN THE YEAR, THE CHORALE WAS TO JOIN THE SSV ORCHESTRA IN VAUGHN WILLIAMS' MASSIVELY DRAMATIC SEA SYMPHONY. INSTEAD, THE SINGERS AND MAESTRA SHARKOVA 'GATHERED' FOR VIRTUAL SESSIONS THROUGHOUT THE REMAINING SEASON.IN ADDITION TO PERFORMANCE COLLABORATIONS, EVERY SEASON SSV PROVIDES OTHER COMMUNITY GROUPS REGULAR PRODUCTION SUPPORT IN ITS HEAVILY BOOKED HOME CONCERT HALL. FROM SHARING SYMPHONY THEATER DATES AND EQUIPMENT TO HIRING THEIR UNION LABOR ON SSV'S CONTRACTS, THESE SERVICES BENEFIT BOTH FELLOW COMMUNITY ARTISTS AND THEIR AUDIENCES. IN THE FIRST HALF OF 2019-20, PARTICIPANTS INCLUDED FOUR YOUTH ORCHESTRAS PERFORMING MULTIPLE CONCERTS; TWO CHOIRS; A NOTED LOCAL DANCE COMPANY; A CORPORATE EMPLOYEE EVENT; AND A WEEK-LONG SCHOOL MUSIC RECITAL. DURING THE CLOSURES THAT BEGAN IN MARCH 2020, THE SYMPHONY'S FIRST PRIORITY WAS TO REMAIN IN TOUCH WITH AND SUPPORT THE MUSICIANS. THANKS TO THE FEDERAL PAYROLL PROTECTION PROGRAM, IT WAS ULTIMATELY ABLE TO PAY THE ORCHESTRA MUSICIANS AND KEY THEATER STAFF WHAT THEY WOULD HAVE EARNED HAD SSV'S 2019-20 PERFORMANCE SEASON CONTINUED AS PLANNED. AFTER 2020-21'S HIATUS, THE SYMPHONY PLANS TO LAUNCH THE 2021-22 SEASON WITH A COMMUNITY-WIDE CELEBRATION: A LABOR DAY WEEKEND OF ALL-FREE OUTDOOR SUMMER CONCERTS PERFORMED IN COLLABORATION WITH OTHER LOCAL ARTISTS. A FULL PERFORMANCE SEASON IS THEN SET TO OPEN IN OCTOBER, CONTINGENT SOLELY ON THE STATUS OF THE PUBLIC'S HEALTH. 2482114 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 12 0 1 245 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X JENNIFER WATKINS 4082862600 325 SOUTH FIRST STREET SUITE 160 SAN JOSE CA 95113 RICHARD CONNIFF CHAIR 2.00 X X 0 0 0 NANCY JOHNSON SECRETARY 2.00 X X 0 0 0 LAURIE HUTH TREASURER 2.00 X X 0 0 0 NICHOLAS ADAMS TRUSTEE 2.00 X 0 0 0 MARIANNE SALAS TRUSTEE 2.00 X 0 0 0 ROBERT KIEVE TRUSTEE (THRU 5/24/20) 2.00 X 0 0 0 MARC MCGEEVER TRUSTEE (THRU 6/25/20) 2.00 X 0 0 0 JASON FORD TRUSTEE (START 7/1/19) 2.00 X 0 0 0 LLOYD SCHMIDT TRUSTEE (START 8/15/19) 2.00 X 0 0 0 BUNNY LADEN TRUSTEE (START 3/26/20) 2.00 X 0 0 0 ANDREW BALES GENERAL DIRECTOR 40.00 X X 166500 0 0 JENNIFER WATKINS GENERAL MANAGER 40.00 X 110000 0 0 276500 0 0 2 0 1 0 0 841010 922595 43147 1763605 SINGLE TICKET SALES 711130 510950 510950 SUBSCRIPTION TICKET SA 711130 273207 273207 PERFORMANCE FEES 711130 262953 262953 TICKET HANDLING FEES 711300 30361 30361 1077471 79964 79964 700 0 700 700 700 438910 427243 11667 11667 11667 MISC INCOME 900099 5800 5800 5800 2939207 1083271 0 92331 154500 115875 23175 15450 1388806 1273696 63301 51809 79925 79925 65085 60721 3699 665 172169 159839 6936 5394 1867 1867 35058 35058 24584 24584 156964 150614 6350 240192 240192 30796 30796 30581 27778 2803 22895 22895 88991 49233 39758 27763 27763 6891 6891 32334 29205 3129 29550 6130 23420 THEATER PRODUCTION EXPE 213291 213291 DONOR CULTIVATION/RECOG 26052 26052 BOX OFFICE - CREDIT CAR 23090 23090 NET BAD DEBT WRITE OFF 8255 8255 2859639 2482114 278155 99370 200 200 78111 47819 30599 0 30691 38860 52245 54823 311055 231288 91740 79767 2476410 2449542 2759996 2671011 51978 36478 558190 379052 610168 415530 X 536439 666316 1613389 1589165 2149828 2255481 2759996 2671011 79568 26085 0 X X 0 1 X 1 0 X 1468982 1081389 1906732 922052 1763605 7142760 1468982 1081389 1906732 922052 1763605 7142760 1278992 5863768 44053 45140 54600 78225 80664 302682 7445442 10928985 0.78760 0.72280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2476410 93132 120000 2449542 2472263 104147 100000 2476410 1647067 850000 50196 75000 2472263 1649097 62970 65000 1647067 1304202 360016 49879 65000 1649097 0.35120 0.64880 0 0 244238 164471 79767 66817 66817 0 79767 X 2940708 26085 26085 2914623 24584 24584 2939207 2835055 0 2835055 24584 24584 2859639 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: 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, 2017 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2016 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. X X X 0 0 0 0 0 0 0 0 0 ANDREW BALES GENERAL DIRECTOR 166500 0 0 0 0 0 0 0 0 0 166500 0 0 0 JENNIFER WATKINS WIFE OF GENERAL DIRECTOR 103000 EMPLOYMENT 0 X 4 43147 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. 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 KEY STAFF (GENERAL DIRECTOR, GENERAL MANAGER) 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 GENERAL MANAGER'S BOARD FILES. BOARD MEMBERS ARE REQUIRED TO REPORT TO THE GENERAL MANAGER 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 GENERAL DIRECTOR 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 GENERAL DIRECTOR'S PERSONNEL FILES. MOST RECENTLY, THE GENERAL DIRECTOR'S COMPENSATIONS WERE REVIEWED IN OCTOBER 29, 2020. 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.