2019-05-14T15:53:19-05:00 2018-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2017-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES PRESIDENT 4082862600 2019-05-13 1 LAWRENCE S KUECHLER P00233621 4082006400 2019-05-10 38.111.205.16 2019-05-13 20:56:19 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A2E24C1476FD8CDFD41A098AE2F632677580B14E 2017 2019-02-21 02:37:17Z ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 5579914 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 8 482 116 0 5685 1081389 1906732 2535582 3424505 45326 56046 13475 14820 3675772 5402103 0 0 0 0 2069116 2222658 0 0 110361 1675728 2029235 3744844 4251893 -69072 1150210 1956143 2971695 782410 637083 1173733 2334612 X TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 3891914 3439325 SSV WAS INCORPORATED IN JUNE 2003 TO FILL A SPECIFIC GAP IN SAN JOSE'S CULTURAL OFFERINGS, AND DURING ITS FIRST SEASONS FOCUSED EXCLUSIVELY ON CLASSICAL REPERTORY AND AUDIENCES. OVER THE YEARS, SSV'S SCALE OF ACTIVITY HAS GROWN, UNTIL BY JUNE 2018, THE ORCHESTRA HAD BEEN HEARD LIVE BY 1.3 MILLION PEOPLE. CLASSICAL TRAINING AND PROFESSIONAL SKILL SHAPE AND DEFINE THE ORCHESTRA'S MUSICIANS. AND THEIR PERFORMANCES IN THE CLASSICAL TRADITION CONTINUE TO APPEAL TO AN IMPORTANT SEGMENT OF LISTENERS. AS SSV'S COMMUNITY COMMITMENT HAS EXPANDED, HOWEVER, ITS MISSION HAS BROADENED TO INCLUDE SERVING A WIDER RANGE OF LOCAL AUDIENCES. IN ADDITION TO THE CLASSICS, SSV'S MUSICIANS ALSO APPLY THEIR TRAINING AND SKILL TO CAPTIVATING PERFORMANCES OF OTHER GENRES THAT CONNECT WITH DIFFERENT GENERATIONS, BACKGROUNDS, AND TASTES. SSV NOW SERVES THE DIVERSE 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 2017-08, SSV PERFORMED FOR 63,000 LISTENERS IN 3 MAJOR PROGRAM AREAS.1) 14,300 ATTENDED THE 16-CONCERT CLASSICAL AND CHORALE SERIES - SSV'S MOST COMMITTED AND CONSISTENT AUDIENCE, INCLUDING SEASON SUBSCRIBERS AND THE VAST 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. EACH PROGRAM INCLUDES 2 OR 3 CONCERTS AND 4 CONCERT-LENGTH REHEARSALS IN THE PERFORMANCE HALL, ESPECIALLY PREPARED FOR OPTIMUM ORCHESTRA ACOUSTICS. 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.2) 5,000 5TH GRADERS AND TEACHERS PARTICIPATED IN ARTSPARK, SSV'S FREE EDUCATION PROGRAM, IN 2017-18. ARTSPARK BRINGS STUDENTS TO THE CONCERT HALL FOR PROFESSIONAL PERFORMANCES BY THE ORCHESTRA, DESIGNED TO SPARK CHILDREN'S INTEREST AND ENTHUSIASM AND TO TIE IN WITH THEIR GRADE CURRICULUM. CONCERTS ARE LED BY SSV'S EDUCATION CONDUCTOR AND SUPPORTED IN CLASS WITH CUSTOM MUSIC CDS AND TEACHING MATERIALS. BUSSING BOOKED BY SSV IS ALSO FREE. ENTIRE GRADE LEVELS ATTEND FROM EACH SCHOOL TO ENSURE THAT EVERY CHILD HAS ACCESS TO THE EXPERIENCE AND CAN SHARE IT WITH THEIR PEERS. OVER 50% OF ATTENDING STUDENTS QUALIFY FOR FREE LUNCH PROGRAMS; TYPICALLY 80% ARE NON-CAUCASIAN.THE COUNTY OFFICE OF EDUCATION ADVISES THE PROGRAM, AND SSV RECEIVES TEACHER FEEDBACK THROUGH SYSTEMATIC QUESTIONNAIRES. RESPONSES ARE OVERWHELMINGLY POSITIVE: ARTSPARK IS ALWAYS OVERBOOKED. THE PROGRAM'S SCALE DEPENDS ON FUNDING; WITH THE INTERMITTENT SUPPORT OF LARGE DEDICATED GRANTS, IT HAS SERVED 120,000 CHILDREN AND TEACHERS TO DATE. WITH OR WITHOUT SPECIAL FUNDING, SSV CONSIDERS ARTSPARK A CORE PROGRAM AND IS COMMITTED TO PROVIDING AT LEAST FOUR ARTSPARK CONCERTS EACH YEAR.3) TO EXPAND THE ORCHESTRA'S REACH AND SERVICES FURTHER INTO THE COMMUNITY, THE THIRD MAJOR PROGRAM AREA FOCUSES ON NON-CLASSICAL LISTENERS. IT CAN INCLUDE FILM-CONCERTS, POPS, CULTURALLY SPECIFIC EVENTS, BENEFITS, CELEBRATIONS, AND MORE. ALL FEATURE THE SSV ORCHESTRA, WHETHER PRODUCED BY SSV OR BY OTHERS. IN 2017-18, THEIR DIVERSE AND LARGELY DISTINCT AUDIENCES TOTALED 43,700. EACH EVENT ENGAGED OFTEN UNFAMILIAR LISTENERS WITH THE ORCHESTRA AS IT PERFORMED MUSIC THEY ENJOYED; ADDED TO MUSICIAN EMPLOYMENT; AND STRENGTHENED SSV'S COMMUNITY TIES. IN 2017-18 THESE EVENTS FELL INTO 3 CATEGORIES:1) 13,600 ATTENDED 7 CONCERTS FEATURING 2 HIGH-PROFILE FAMILY FILMS SHOWN ON AN OVERSIZED SCREEN, WITH THEIR SCORES PERFORMED LIVE BY THE ORCHESTRA. ANOTHER 12,200 MOSTLY FIRST-TIME PATRONS SOLD OUT A 5-CONCERT US PREMIERE THAT FEATURED SSV PERFORMING THE SCORE FOR A FILM COMPILATION OF CLASSIC ANIME BY GENRE PATRIARCH HAYAO MIYAZAKI. THE CONDUCTOR WAS THE MUSIC'S COMPOSER, HIMSELF AN ANIME LEGEND. 2) THE SECOND YEAR OF AN IMPORTED PROFESSIONAL NUTCRACKER PRODUCTION WITH THE SSV ORCHESTRA DREW 8,100. THIS MARKET TEST WAS TO DETERMINE IF A GUEST NUTCRACKER COULD REPLACE THE SOUTH BAY'S PROFESSIONAL BALLET COMPANY, WHICH HAD HIRED SSV'S ORCHESTRA FOR MANY YEARS BEFORE CLOSING. SALES DID NOT COVER COSTS, AND IT WILL NOT BE CONTINUED.3) AN ESTIMATED 9,800 CAME TO CONCERTS PRESENTED BY OTHER PRODUCERS (NOT SSV) BUT FEATURING OR INCLUDING THE SSV ORCHESTRA: A WORLD PREMIERE WITH A MANDARIN-SPEAKING CHOIR, A CORPORATE CELEBRATION, AND 2 LARGE TOURING POP MUSIC PRODUCTIONS. THESE FEE-BASED PROGRAMS VARY FROM YEAR TO YEAR. IN ADDITION TO PROVIDING MUSICIAN EMPLOYMENT, THEY INTRODUCE SSV TO NEW SEGMENTS OF THE COMMUNITY AND RAISE ITS OVERALL VISIBILITYAS A SUBSET OF THIS PROGRAM AREA, SSV PROVIDES PRODUCTION SUPPORT - EG UNION STAGEHANDS AND USHERS, SHARED THEATER DATES, TECHNICAL EQUIPMENT AND KNOW-HOW - TO OTHER ORGANIZATIONS FOR EVENTS SUCH AS YOUTH ORCHESTRA, COMMUNITY CHORUS, AND DANCE COMPANY CONCERTS. THESE SERVICES ENABLE LOCAL ARTS PRODUCERS TO ACHIEVE PERFORMANCE LEVELS THAT BENEFIT THEM, THEIR AUDIENCE MEMBERS. AND THE LARGER COMMUNITY. (THEY ARE NOT INCLUDED IN ATTENDANCE NUMBERS ABOVE.) 3891914 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 30 0 1 482 1 1 1 0 0 0 0 0 0 0 0 0 X 9 8 1 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/ GEN'L DIRECTOR 40.00 X X 142000 0 0 PETER CARTWRIGHT CHAIR 2.00 X X 0 0 0 RALPH SWANSON SECRETARY 2.00 X X 0 0 0 RICHARD CONNIFF TREASURER 2.00 X X 0 0 0 WILLIAM HIGHLANDER TRUSTEE 2.00 X 0 0 0 ROBERT KIEVE TRUSTEE 2.00 X 0 0 0 LEE PRICE TRUSTEE 2.00 X 0 0 0 BUNNY LADEN TRUSTEE 2.00 X 0 0 0 MARTHA SANFORD TRUSTEE 2.00 X 0 0 0 JENNIFER WATKINS GENERAL MANAGER 40.00 X 89400 0 0 231400 0 0 1 0 0 0 COLUMBIA ARTISTS MANAGEMENT LLC 5 COLUMBUS CIRCLE / 1790 BROADWAY NEW YORK NY 10010 FEE PLUS EXPENSE FOR JOE HISAISHI SYMPHO 235550 ROBERT FRIEDMAN PRESENTS 453 30TH AVENUE SAN FRANCISCO CA 94121 FEE FOR PROFESSIONAL PRODUCTION OF THE N 227895 WILLIAM MORRIS ENTERPRISES NEW YORK 11 MADISON AVENUE 18TH FLOOR NEW YORK NY 10010 FEES FOR HARRY POTTER FILMS 2 & 3 WITH O 180000 TEAM SAN JOSE 408 S ALMADEN BLVD SAN JOSE CA 95110 CITY-OWNED THEATER RENTALS & IN-THEATER 105371 4 242327 1664405 60797 1906732 SINGLE TICKET SALES 711130 2374465 2374465 SUBSCRIPTION TICKET SA 711130 495959 495959 PERFORMANCE FEES 711130 405046 405046 TICKET HANDLING FEES 711300 149035 149035 3424505 54600 54600 750 0 750 750 750 179257 177811 1446 1446 1446 HANDLING & FACILITY FE 900099 14070 14070 14070 5402103 3439325 0 56046 X 240700 125520 59780 55400 1589145 1558485 28432 2228 182803 175851 4204 2748 210010 198372 7039 4599 3945 2500 1445 29500 2500 27000 16519 16519 428011 426431 956 624 379870 379870 33725 33725 115755 68705 47050 119358 119358 7707 7707 29999 29999 21315 5554 15761 PRODUCTION EXPENSE 689662 689662 BOX OFFICE - CREDIT CAR 109107 109107 DONOR CULTIVATION/RECOG 44762 44762 4251893 3891914 249618 110361 200 200 47632 308230 51653 878492 37672 17565 38818 30029 303407 188491 133101 114916 1647067 1622263 1956143 2971695 36264 68161 546146 568922 200000 782410 637083 X -478272 712349 60889 31147 1591116 1591116 1173733 2334612 1956143 2971695 1150210 10669 0 X X 0 1 X 1 0 X 1192609 1282440 1468982 1081389 1906732 6932152 1192609 1282440 1468982 1081389 1906732 6932152 1785899 5146253 39739 42365 44053 45140 54600 225897 7158049 12373093 0.71890 0.76890 X 1647067 850000 50196 75000 2472263 1649097 62970 65000 1647067 1304202 360016 49879 65000 1649097 1373854 -4652 65000 1304202 1285107 153747 65000 1373854 0.34380 0.64360 0.01260 0 0 221646 133811 87835 81761 54680 27081 114916 X 5396253 10669 10669 5385584 16519 16519 5402103 4235374 0 4235374 16519 16519 4251893 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, 2015 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2014 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 89400 EMPLOYEE 0 X 7 54797 AVERAGE HIGH & LOW X CATERING 1 6000 SALES BILL 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 A, LINE 2 JENNIFER WATKINS, THE GENERAL MANAGER, IS WIFE OF THE PRESIDENT, ANDREW BALES. 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 AND GENERAL MANAGER 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 FOR THESE TWO POSITIONS 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 AND GENERAL MANAGER'S PERSONNEL FILES. MOST RECENTLY, THE PRESIDENT'S AND GENERAL MANAGER'S COMPENSATIONS WERE REVIEWED IN JANUARY, 2018. 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 IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 405,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 405,300. PAYROLL FEES: PROGRAM SERVICE EXPENSES 15,368. MANAGEMENT AND GENERAL EXPENSES 956. FUNDRAISING EXPENSES 624. TOTAL EXPENSES 16,948. SECURITY FEES: PROGRAM SERVICE EXPENSES 5,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,763. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.