2020-07-13T14:05:27-05:00 2019-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2018-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES PRESIDENT 4082862600 2020-05-07 1 LAWRENCE S KUECHLER P00233621 4082006400 2020-07-01 34.104.2.30 2020-07-13 11:47:22 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A2EF7C6B3EF9173E0A95C57244F2B1B86FE486B2 2018 2020-09-23 17:36:50Z X ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 3155019 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 8 7 248 75 0 0 1906732 922052 3424505 1996342 56046 78370 14820 12334 5402103 3009098 0 0 0 0 2222658 1949962 0 0 126684 2029235 1293386 4251893 3243348 1150210 -234250 2971695 2759996 637083 610168 2334612 2149828 X TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 2858296 2007026 SYMPHONY SILICON VALLEY WAS FOUNDED TO FILL A GAP IN SAN JOSE'S CULTURAL OFFERINGS, AND INITIALLY FOCUSED EXCLUSIVELY ON CLASSICAL REPERTORY AND ITS LISTENERS. AS SSV'S COMMUNITY COMMITMENT RAPIDLY EXPANDED, THE SYMPHONY BOARD ADAPTED ITS MISSION TO INCLUDE SERVICE TO A MUCH BROADER RANGE OF SOUTH BAY RESIDENTS. IN ADDITION TO THE CLASSICS, SSV'S MUSICIANS APPLY THEIR TRAINING AND SKILL TO CAPTIVATING PERFORMANCES THAT CONNECT WITH DIFFERENT GENERATIONS, BACKGROUNDS, AND TASTES. BY JUNE 2019, THE ORCHESTRA HAD BEEN HEARD LIVE BY WELL OVER A MILLION PEOPLE. SSV NOW SERVES THE SAN JOSE-SOUTH BAY REGION AS ITS FIRST-LINE RESOURCE FOR LARGE ENSEMBLE, HIGH QUALITY MUSICAL PERFORMANCES THAT APPEAL TO A VARIETY OF COMMUNITY CONSTITUENCIES. THIS BREADTH OF WORK SUPPORTS A BODY OF PERFORMING ARTISTS WHO ARE IMPORTANT RESOURCES FOR THE ENTIRE REGION.IN 2018-19, SSV PERFORMED FOR ALMOST 43,000 LISTENERS IN 3 MAJOR PROGRAM AREAS.A. 13,000 ATTENDED THE 15-CONCERT CLASSICAL AND CHORALE SERIES - SSV'S MOST COMMITTED AND CONSISTENT AUDIENCE, INCLUDING SEASON SUBSCRIBERS AND THE GREAT MAJORITY OF INDIVIDUAL SYMPHONY DONORS. THESE CONCERTS ARE LED BY A ROSTER OF CONDUCTORS FROM AROUND THE WORLD, AND FEATURE AS SOLOISTS BOTH THE ORCHESTRA'S PRINCIPALS AND INTERNATIONALLY PROMINENT GUEST ARTISTS. THE GENERAL DIRECTOR WORKS WITH THE ORCHESTRA'S ARTISTIC COMMITTEE AND EACH CONDUCTOR TO DESIGN PROGRAMS THAT DRAW ON THAT CONDUCTOR'S SPECIAL STRENGTHS, USE THE ORCHESTRA'S AND SOLOISTS' MUSICAL MASTERY TO THE FULLEST EXTENT, AND STIMULATE AND SATISFY THEIR AUDIENCES. THIS SEASON INCLUDED FIVE RETURNING CONDUCTORS AND TWO NEW TO SSV; EACH WILL BE INVITED BACK. STELLAR SOLOISTS INCLUDED VIOLINIST ANNE AKIKO MEYERS, PIANISTS JON KAMURA PARKER AND JON NAKAMATSU, AND ARGENTINE SOPRANO DANIELA TABERNIG.EVERY PROGRAM INCLUDES 2 OR 3 CONCERTS AND 4 CONCERT-LENGTH REHEARSALS IN THE CONCERT HALL. CLASSICS PROGRAMS ACCOUNT FOR THE MAJORITY OF THE ORCHESTRA'S AND THEATER STAFF'S ANNUAL PAYROLL AND REQUIRE THE MOST YEAR-ROUND ADMINISTRATIVE SUPPORT. TICKET SALES MEET ROUGHLY 40% OF THESE EXPENSES; THE REMAINDER DEPENDS UPON CONTRIBUTIONS AND ENDOWMENT EARNINGS. ACROSS ALL SYMPHONY ACTIVITIES THAT RATIO IS REVERSED. SILICON VALLEY'S DOMINANT INDUSTRY DOES NOT HAVE A TRADITION OF ARTS SUPPORT, AND SSV WORKS TO EARN AT LEAST 60% OF ITS ANNUAL REVENUE. B. ARTSPARK, SSV'S FREE EDUCATION PROGRAM, BRINGS STUDENTS TO SSV'S CONCERT HALL FOR FULL ORCHESTRA PERFORMANCES DESIGNED TO SPARK CHILDREN'S INTEREST AND ENTHUSIASM, AND TO TIE IN WITH THEIR GRADE CURRICULUM. BUSSING BOOKED BY SSV IS ALSO FREE. CONCERTS ARE LED BY SSV'S DYNAMIC EDUCATION CONDUCTOR AND ARE SUPPORTED IN CLASS WITH CUSTOM MUSIC CDS AND TEACHING MATERIALS. ENTIRE GRADE LEVELS ATTEND FROM EACH SCHOOL TO ENSURE THAT EVERY CHILD HAS ACCESS TO THE EXPERIENCE AND CAN SHARE IT WITH THEIR PEERS. IN 2018-19. 4TH GRADERS AND TEACHERS FROM 47 LOCAL SCHOOLS PARTICIPATED IN ARTSPARK. 70% OF THE ATTENDING SCHOOLS WERE DESIGNATED TITLE 1; MORE THAN HALF THE ATTENDING STUDENTS QUALIFIED FOR FREE LUNCH PROGRAMS; OVER 80% WERE NON-CAUCASIAN. THESE NUMBERS ARE TYPICAL OF THE PROGRAM.THE COUNTY OFFICE OF EDUCATION ADVISES ARTSPARK, AND SSV RECEIVES TEACHER FEEDBACK THROUGH SYSTEMATIC QUESTIONNAIRES. IN 2018-19 PART OF THE CONCERT PROGRAM AND CLASS MATERIALS DREW ON THE 4TH GRADE CORE CURRICULUM TO LINK MUSICAL TIME SIGNATURES AND FRACTIONS. (THE CONCERT IS CALLED IT'S ABOUT TIME; ITS MUSIC SELECTIONS TAKE STUDENTS FROM 2/4 TIME TO 7/4.) BOTH TEACHERS AND STUDENTS WERE ELATED; EACH TOPIC WAS AN ENTREE TO THE OTHER. POST-CONCERT SURVEYS REPORTED THE HIGHEST IN-CLASS FOLLOW-UP ON THE CONCERT THAT SSV HAS SEEN TO DATE AN IDEAL OUTCOME. ARTSPARK IS ALWAYS BOOKED TO CAPACITY. THE PROGRAM'S SCALE DEPENDS ON FUNDING; WITH INTERMITTENT LARGE GRANTS, IT HAS SERVED OVER 120,000 CHILDREN AND TEACHERS TO DATE. WITH OR WITHOUT SPECIAL FUNDING, SSV CONSIDERS IT A CORE PROGRAM AND PRODUCES AT LEAST FOUR FREE ARTSPARK CONCERTS EACH YEAR.C. TO EXPAND THE ORCHESTRA'S REACH AND SERVICES FURTHER INTO THE COMMUNITY, SSV'S THIRD MAJOR PROGRAM AREA FOCUSES ON 'POPULATIONS' OF NON-CLASSICAL LISTENERS WITH FILM-CONCERTS, POPS, CULTURALLY SPECIFIC EVENTS, BENEFITS, CELEBRATIONS, AND MORE. ALL FEATURE THE SSV ORCHESTRA, WHETHER PRODUCED BY SSV OR BY OTHERS. IN 2018-19, THEIR DISTINCT AUDIENCES TOTALED 25,000. EACH EVENT ENGAGED MANY LISTENERS NEW TO THE ORCHESTRA; ADDED TO MUSICIAN EMPLOYMENT; AND STRENGTHENED SSV'S COMMUNITY TIES. IN 2018-19 THESE EVENTS FELL INTO 2 MAJOR CATEGORIES:1) 7 CONCERTS FEATURING 2 HIGH-PROFILE FAMILY FILMS SHOWN ON AN OVERSIZED SCREEN WITH THEIR SCORES PERFORMED LIVE BY THE ORCHESTRA. SSV DOES NOT EXPECT THEIR AUDIENCES, INCLUDING MANY CHILDREN, TO FLOCK TO CLASSICAL CONCERTS; INSTEAD THE ORCHESTRA IS CONNECTING WITH THEM THROUGH THE MUSIC THEY LOVE, WITH THE EXCITING REMINDER THAT IT TOO IS PERFORMED IN REAL TIME BY MASTER MUSICIANS. THESE CAN BE VERY POPULAR, ALTHOUGH HIGH FEES MAKE THEM FINANCIALLY RISKY.2) CONCERTS FEATURING THE SSV ORCHESTRA PRESENTED BY OTHER PRODUCERS: IN 2018-19, AN ARENA PRODUCTION OF POP MUSIC, TWO DAY-LONG CORPORATE CELEBRATIONS FOR EMPLOYEE FAMILIES, AND FOUR CONCERTS FOR A NATIONAL GEOGRAPHIC TOUR. THESE PRESENTATIONS VARY WIDELY FROM YEAR TO YEAR, ARE TYPICALLY FEE-BASED, AND CARRY LITTLE RISK. IN ADDITION TO PROVIDING MUSICIAN EMPLOYMENT, THEY INTRODUCE SSV TO NEW SEGMENTS OF THE COMMUNITY AND RAISE ITS OVERALL VISIBILITY. AS A SUBSET OF THIS PROGRAM AREA, SSV PROVIDES EXTENSIVE PRODUCTION SUPPORT - UNION STAGEHANDS AND USHERS, SHARED THEATER DATES, TECHNICAL EQUIPMENT AND KNOW-HOW - TO OTHER LOCAL ORGANIZATIONS FOR EVENTS- E.G. YOUTH ORCHESTRA, COMMUNITY CHORUS, SCHOOL AND DANCE COMPANY CONCERTS- IN SSV'S CONCERT HALL. ACCESS TO THESE SERVICES ENABLES THEM TO ACHIEVE PERFORMANCE LEVELS THAT BENEFIT THEM, THEIR AUDIENCE MEMBERS. AND THE LARGER COMMUNITY. 2858296 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 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 39 0 1 248 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JENNIFER WATKINS 4082862600 325 SOUTH FIRST STREET SUITE 160 SAN JOSE CA 95113 ANDREW BALES PRESIDENT 40.00 X X 150000 0 0 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 ROBERT KIEVE TRUSTEE 2.00 X 0 0 0 MARC MCGEEVER TRUSTEE 2.00 X 0 0 0 MARIANNE SALAS TRUSTEE 2.00 X 0 0 0 150000 0 0 1 0 0 0 COLUMBIA ARTISTS MANAGEMENT LLC 453 30TH AVENUE SAN FRANCISCO CA 94121 FEES FOR JOE HISAISAHI SYMPHONIC CONCERT 228340 WILLIAM MORRIS ENTERPRISES NEW YORK 11 MADISON AVENUE 18TH FLOOR NEW YORK NY 10010 FEES, HARRY POTTER GOBLET OF FIRE & HARR 127240 TEAM SAN JOSE 408 S ALMADEN BLVD SAN JOSE CA 95110 CITY-OWNED THEATER RENTALS AND IN-THEATE 118035 SAN JOSE MERCURY NEWS 4 NORTH SECOND STREET SUITE 800 SAN JOSE CA 95113 NEWSPAPER ADVERTISEMENTS AND EBLASTS FO 103073 4 255986 666066 27238 922052 SINGLE TICKET SALES 711130 894655 894655 PERFORMANCE FEES 711130 540131 540131 SUBSCRIPTION TICKET SA 711130 507525 507525 TICKET HANDLING FEES 711300 54031 54031 1996342 78225 78225 1650 0 1650 1650 1650 146066 145921 145 145 145 MISC INCOME 900099 10684 10684 10684 3009098 2007026 0 80020 164250 123188 24637 16425 1476022 1367237 54969 53816 125023 123243 1260 520 184667 171980 6740 5947 7825 7825 33400 33400 23689 23689 171993 171993 240730 240730 29322 29322 89214 40880 48334 40837 39571 1266 4028 4028 29276 28446 441 389 26956 4499 22457 PRODUCTION EXPENSE 480440 480440 BOX OFFICE - CREDIT CAR 65889 65889 DONOR CULTIVATION/RECOG 49587 49587 TAX FILING FEES 200 200 3243348 2858296 258368 126684 200 200 308230 78111 878492 30599 17565 30691 30029 52245 292399 200659 114916 91740 1622263 2476410 2971695 2759996 68161 51978 568922 558190 637083 610168 X 712349 536439 31147 22273 1591116 1591116 2334612 2149828 2971695 2759996 -234250 49466 0 X X 0 1 X 1 0 X 1282440 1468982 1081389 1906732 922052 6661595 1282440 1468982 1081389 1906732 922052 6661595 1655155 5006440 42365 44053 45140 54600 79875 266033 6927628 12529435 0.72270 0.71890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2472263 104147 100000 2476410 1647067 850000 50196 75000 2472263 1649097 62970 65000 1647067 1304202 360016 49879 65000 1649097 1373854 -4652 65000 1304202 0.34850 0.64250 0.00900 0 0 142360 117425 24935 150039 83234 66805 91740 X 3034875 49466 49466 2985409 23689 23689 3009098 3219659 0 3219659 23689 23689 3243348 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, 2016 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2015 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 100000 EMPLOYMENT 0 X 6 20238 AVERAGE HIGH & LOW X 1 7000 DONOR ESTIMATE 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 (PRESIDENT, 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 15 THE COMPENSATION OF THE PRESIDENT 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 PRESIDENT'S PERSONNEL FILES. MOST RECENTLY, THE PRESIDENT'S COMPENSATIONS WAS REVIEWED IN FEBRUARY, 2019. 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. FORM 990, PART B, AMENDED RETURN: THE RETURN WAS AMENDED TO CORRECT REPORTING ON FORM 990, PARTS III, VI, VII, VIII AND IX AND SCHEDULES A AND O. CHANGES LISTED BELOW: IN PART III, LINE 4, THE PROGRAM SERVICE REVENUE WAS AMENDED TO EXCLUDE THE PIANO USAGE FEE. IN PART VI, SECTION A, LINE 2, ANSWERED "NO" AS NO BOARD MEMBERS HAD A FAMILY RELATIONSHIP. IN PART VII, SECTION A, LINE 1A, REMOVED JENNIFER WATKINS FOR THIS PART BECAUSE SHE IS NOT QUALIFIED UNDER DEFINITION OF OFFICER AND HIGHEST COMPENSATED EMPLOYEE. IN PART VII, SECTION A, LINE 2, UPDATED "TOTAL NUMBER OF INDIVIDUALS (INCLUDING BUT NOT LIMITED TO THOSE LISTED ABOVE) WHO RECEIVED MORE THAN $100,000 OF REPORTABLE COMPENSATION FROM THE ORGANIZATION" TO 1. IN PART VIII, LINE 2E AND LINE 6A, MOVED PIANO USAGE FEE FROM LINE 2E PROGRAM SERVICE REVENUE TO LINE 6A GROSS RENTS, AND RECLASSIFIED THE INCOME FROM COLUMN (B) RELATED OR EXEMPT FUNCTION REVENUE TO COLUMN (D) REVENUE EXCLUDED FROM TAX UNDER SECTIONS 512-514. IN PART IX, LINE 5 AND LINE 6, MOVED JENNIFER WATKINS'S COMPENSATION FROM LINE 5 TO LINE 6 AS SHE IS NOT AN "OFFICER" OF THE ORGANIZATION. IN SCHEDULE A, PART II, SECTION B, MOVED PIANO USAGE FEE FROM LINE 12 GROSS RECEIPTS FORM RELATED ACTIVITIES TO LINE 8 GROSS INCOME FROM INTEREST, DIVIDENDS, PAYMENTS RECEIVED ON SECURITIES LOANS, RENTS, ROYALTIES, AND INCOME FROM SIMILAR SOURCES. IN SCHEDULE O, UPDATED THE DESCRIPTION TO FORM 990, PART VI, SECTION B, LINE 15 OFFICER COMPENSATION DETERMINATION PROCESS.