2018-06-29T17:06:39-05:00 2017-06-30 946214841 Armanino LLP 50 W San Fernando St Ste 500 San Jose CA 95113 990 2016-07-01 320083030 Symphony Silicon Valley SYMP 4082862600 325 S 1St Street No 160 San Jose CA 95113 ANDREW R BALES PRESIDENT 4082862600 2018-05-25 1 Lawrence S Kuechler P00233621 4082006400 2018-05-11 2016 2022-09-23 18:48:47Z X andrew r bales 325 S 1St Street No 160 San Jose CA 95113 3805141 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE Orchestral Music Performances, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 8 234 110 0 0 1468982 1081389 1782527 2535582 42963 45326 66129 13475 3360601 3675772 0 0 0 0 2171714 2069116 0 0 98517 1118680 1675728 3290394 3744844 70207 -69072 2069936 1956143 859859 782410 1210077 1173733 X To provide classical music performances, educational services, and arts advocacy programs to the greater silicon valley region. 1 0 3409196 2549057 IN 2016-17, SYMPHONY SILICON VALLEY PERFORMED FOR 45,832 LISTENERS IN ADDITION TO THE FOURTH OF JULY CELEBRANTS. THEY ATTENDED ITS 15-CONCERT CLASSICAL SERIES, SSV CHORALE CONCERTS, TWO SERIES - 8 CONCERTS - FEATURING POPULAR HARRY POTTER FILMS WITH THEIR SCORES PERFORMED BY THE ORCHESTRA, THE NUTCRACKER, AND CONCERTS IN COLLABORATION WITH OTHER COMMUNITY PRODUCERS.THE SYMPHONY'S 85 SERVICES WERE AMONG THE MOST OFFERED TO MUSICIANS BY ANY ORCHESTRA IN THE GREATER BAY AREA, OUTSIDE OF THE THREE SAN FRANCISCO GIANTS. ITS PAY RATE FOR ITS MUSICIANS IS HIGHLY COMPETITIVE; AND THEY ARE REGULARLY FEATURED WITH THE ORCHESTRA AS CONCERT SOLOISTS, TOGETHER WITH OUTSTANDING GUEST ARTISTS.RATHER THAN CHOOSING A RESIDENT MUSIC DIRECTOR TO SET A UNIQUE MUSICAL PROFILE, THE SYMPHONY ENGAGES PROMINENT GUEST CONDUCTORS FROM AROUND THE COUNTRYAND THE WORLD. THIS POLICY ALLOWS THE SYMPHONY: A) TO ATTRACT A RANGE OF SUPERIOR ARTISTS AND TO PROGRAM TO THEIR SPECIFIC STRENGTHS, AND B) TO BE RESPONSIVE TO ITS LOCAL AUDIENCE PROFILE AND PREFERENCES. IT HAS BUILT UP A SELECT ROSTER OF CONDUCTORS WHO RETURN REGULARLY, PROVIDING ARTISTIC CONTINUITY, WHILE EACH SEASON TYPICALLY INCLUDES CONDUCTORS NEW TO THE SYMPHONY - OFTEN EMERGING TALENTS IN THE FIELD. SEASON PROGRAMMING IS DETERMINED BY THE SYMPHONY'S GENERAL DIRECTOR IN CLOSE CONSULTATION WITH EACH CONCERT'S CONDUCTOR AND THE MUSICIANS' ARTISTIC COMMITTEE. THE MUSICIANS ALSO HAVE A DECISIVE VOICE IN DETERMINING WHICH CONDUCTORS WILL BECOME REGULAR REPEAT GUESTS. MUSICIANS AND AUDIENCES ALIKE HAVE RESPONDED WITH ENTHUSIASM TO THE VARIETY OF MUSICAL LEADERSHIP.IN ADDITION TO FREE SUMMER CONCERTS AND IN-THEATER ARTS EXPOSURE PROGRAMS FOR CHILDREN, CLASSICS CONCERTS, FILM CONCERT SERIES, AND PERFORMANCE COLLABORATIONS, THE SYMPHONY SERVES ITS COMMUNITY BY PROVIDING PRODUCTION SUPPORT FOR OTHER LOCAL ORGANIZATIONS, FROM YOUTH ORCHESTRAS TO SERVICE CLUBS. SSV OFFERS THEM AND THEIR AUDIENCE MEMBERS ACCESS TO ITS HEAVILY BOOKED THEATER ALONG WITH PROFESSIONAL IN-THEATER PERSONNEL AND EQUIPMENT, AND SERVICES FROM TICKETING TO FULL PRODUCTION MANAGEMENT.SAN FRANCISCO CLASSICAL VOICE PRAISES SYMPHONY SILICON VALLEY AS: "WHAT PERHAPS ONLY THE MOST FORTUNATE METROPOLISES HAVE: AN ORCHESTRA THAT SERVES ITS PUBLIC BRILLIANTLY, BY PRESENTING IT WITH ENGAGING, MEMORABLE MUSICAL EXPERIENCES," WHILE THE MERCURY NEWS CALLS IT "A SURPRISING ORGANIZATION WITH ITS ENTERPRISING AND EVEN INNOVATIVE PROGRAMS... ITS UNUSUAL BUSINESS MODEL AND ITS OVERALL TENACITY AND LOYAL AUDIENCES."DURING 2016-17, ITS FIFTEENTH YEAR OF PERFORMANCES, THE SYMPHONY:- PERFORMED FOR JUST UNDER 46,000 AUDIENCE MEMBERS, PLUS SERVING THE PATRONS OF 11 OTHER COMMUNITY GROUPS. (THIS TOTAL DOES NOT INCLUDE THE FOURTH OF JULY CELEBRATION)- MOUNTED A SUBSCRIPTION SERIES OF 15 CLASSICAL CONCERTS LED BY CONDUCTORS FROM AMERICA, JAPAN, RUSSIA AND ARGENTINA. THIS SEASON, FIVE WERE DRAWN FROM THE SYMPHONY'S CORE ROSTER OF REGULARS, WHILE TWO WERE NEWCOMERS TO SSV'S PODIUM. - PRODUCED AN ORCHESTRA SEASON OF GIANTS - E.G, BERLIOZ AND BRAHMS, SCRIABIN AND SHOSTAKOVICH, RACHMANINOFF, MOZART AND MAHLER - BOTH GREAT STANDARDS AND LESS WELL-KNOWN WORKS. MUSICAL ADVENTURES INCLUDED A FULL PROGRAM OF NUEVO TANGO, RECENT WORKS BY RISING AMERICAN COMPOSER KEVIN PUTS, AND TWO WORLD PREMIERES FOR SOLOISTS FROM PEKING AND SHANGHAI. - FEATURED A STELLAR LIST OF SOLOISTS, INCLUDING LEGENDARY AMERICAN CELLIST LYNN HARRELL; RUSSIAN PIANIST NICOLAI DEMIDENKO; FIERY JAPANESE VIOLINIST MAYUKO KAMIO; ALESSIO BAX AND ORION WEISS PERFORMING MOZART'S 'CONCERTO FOR TWO PIANOS;' ARGENTINE MASTER BANDONEONISTA JUAN PABLO JOFRE; AND SSV'S OWN CONCERTMASTER ROBIN MAYFORTH.-PRESENTED A FIRST-TIME GUEST NUTCRACKER PRODUCTION ACCOMPANIED BY THE SSV ORCHESTRA, IN PLACE OF THE PRODUCTION LOST WITH THE CLOSING OF THE BALLET (SEE NOTE ABOVE). IT INCLUDED TWO FREE PERFORMANCES PLUS IN-CLASS MATERIALS FOR 4,800 5TH GRADERS AND THEIR TEACHERS, BUSSED BY SSV FROM 24 LOCAL SCHOOLS. OVER HALF THE STUDENTS QUALIFY FOR FREE LUNCH PROGRAMS - A MEASURE OF ECONOMIC NEED. SSV HAS INTRODUCED WELL OVER 100,000 ELEMENTARY SCHOOL STUDENTS TO THE PROFESSIONAL ARTS IN THEIR HOME VENUES.-PRODUCED THE FIRST TWO FILMS IN THE POPULAR HARRY POTTER FILM SERIES, WITH THE SSV ORCHESTRA PERFORMING THEIR SCORES LIVE ONSTAGE. THE FILMS DREW OVER 16,000 FANS - OVERWHELMINGLY A YOUNG ADULT AND FAMILY AUDIENCE. IN ADDITION TO DEVELOPING AN ADDITIONAL EARNED INCOME STREAM, THE FILM PROGRAMS ARE PROVING EXTRAORDINARILY SUCCESSFUL AT INTRODUCING NEW LISTENERS TO THE IN-PERSON EXCITEMENT OF LIVE ORCHESTRAL MUSIC-MAKING - A PRIORITY FOR EVERY ORCHESTRA.- CONTINUED TO EMPHASIZE MUSICAL COLLABORATIONS, OUTREACH ACTIVITIES, AND AN ETHIC OF COMMUNITY SERVICE. FOR EXAMPLE, THE ORCHESTRA PARTNERED WITH LOCAL CHINESE LANGUAGE CHORUSES ON CONCERT PERFORMANCES IN TWO NEARBY CITIES, HOSTED BY THE STANFORD PAN-ASIAN FESTIVAL AND THE PACIFIC ARTS AND CULTURE EXCHANGE. IN A SUPPORT ROLE, THIS SEASON SSV PROVIDED AFFORDABLE ACCESS TO THEATER DATES, BOX OFFICE SERVICES, AND TECHNICAL ASSISTANCE FOR A VARIETY OF COMMUNITY GROUPS. MOST IMPORTANT, SSV HIRED AND MANAGED THE REQUIRED IN-THEATER LABOR ON SSV'S UNION CONTRACTS, BENEFITING SIX YOUTH ORCHESTRAS AND CHORUSES, TWO SCHOOLS, TWO ADULT CHOIRS, A MODERN DANCE COMPANY, AND - MOVING BEYOND THE ARTS - A WEEK-LONG VISITING MARTIAL ARTS COMPETITION. 3409196 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 0 0 0 0 0 0 0 0 0 1 31 0 1 234 1 0 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 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 Nicholas Adams Trustee 2.00 X 0 0 0 William Highlander Trustee 2.00 X 0 0 0 Laurie Huth 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 Lee Price TRustee 2.00 X 0 0 0 Marianne Salas Trustee 2.00 X 0 0 0 Jennifer Watkins General Manager 40.00 X 89400 0 0 231400 0 0 1 0 0 0 Robert Friedman Presents 453 30th Avenue San Francisco CA 94121 Fee for professional production of The N 272500 William Morris Enterprises New York 11 Madison Avenue 18th Floor New York NY 10010 Fees for Raiders of the Lost Ark, Harry 145700 Team San Jose 408 S Almaden Blvd San Jose CA 95110 City-owned theater rentals & in-theater 102725 3 262160 819229 15538 1081389 SINGLE TICKET SALES 711130 1586568 1586568 SUBSCRIPTION TICKET SA 711130 501373 501373 PERFORMANCE FEES 711130 335205 335205 Ticket handling fees 711300 112436 112436 2535582 45140 45140 1150 0 1150 1150 1150 129555 129369 186 186 186 HANDLING & FACILITY FE 900099 12325 12325 12325 3675772 2549057 0 45326 X 231400 121540 57060 52800 1472120 1443468 26720 1932 172580 167949 3892 739 193016 181583 6915 4518 9975 2500 7475 23500 2500 21000 15084 15084 648430 645590 2184 656 328358 328358 47141 23516 23625 2832 892 1940 24924 24924 115934 70209 45725 89753 89753 10534 10534 27862 27862 21042 6065 14977 Production Expense 208231 208231 box office - credit car 64256 64256 donor cultivation/recog 37872 37872 3744844 3409196 237131 98517 200 200 70820 47632 131493 51653 21167 37672 44032 38818 291593 158492 153127 133101 1649097 1647067 2069936 1956143 68057 36264 466802 546146 325000 200000 859859 782410 X -529020 -478272 147981 60889 1591116 1591116 1210077 1173733 2069936 1956143 -69072 32728 0 X 0 1 X 0 0 X 1324572 1192609 1282440 1468982 1081389 6349992 1324572 1192609 1282440 1468982 1081389 6349992 1302782 5047210 41549 39739 42365 44053 46290 213996 6563988 10569100 0.76890 0.75760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1649097 62970 65000 1647067 1304202 360016 49879 65000 1649097 1373854 -4652 65000 1304202 1285107 153747 65000 1373854 1253864 96243 65000 1285107 0.00000 0.96600 0.03400 0 0 209832 117759 92073 81761 40733 41028 133101 X 3704416 32728 11000 43728 3660688 15084 15084 3675772 3740760 11000 11000 3729760 15084 15084 3744844 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, 2014 and beyond remain subject to possible examination by the Internal Revenue Service. The Symphony's California returns for the tax years ended June 30, 2013 and beyond remain subject to possible examination by the Franchise Tax Board. Jennifer Watkins Wife of President 89400 Employee 0 Form 990, Part III, line 2 IN 2016-17, THE SYMPHONY SILICON VALLEY (SSV) OPENED THE SEASON WITH FREE DAYLONG, ORCHESTRA PERFORMANCES FOR A CITYWIDE FOURTH OF JULY CELEBRATION PRODUCED IN COLLABORATION WITH SAN JOSE ROTARY. IT PERFORMED ON A CUSTOM OPEN-AIR STAGE IN A LOCAL PARK, CLOSING THE DAY WITH FIREWORKS SHOT OFF TO BEETHOVEN'S 1812 OVERTURE. IN ADDITION TO THE ORCHESTRA'S OWN PROGRAMS, SSV PRESENTED TAIKO, MARIACHI, AND JAZZ ENSEMBLES TO A DIVERSE AUDIENCE ESTIMATED AT 30,000. FOLLOWING THE 2016 CLOSURE OF THE LOCAL BALLET COMPANY, WHICH CUT BOTH MUSICIAN EMPLOYMENT AND AUDIENCE SERVICES, SSV TESTED THE APPEAL OF A HIGH QUALITY IMPORTED NUTCRACKER PRODUCTION. IT PRESENTED A PROFESSIONAL RUSSIAN BALLET PRODUCTION AND DANCE TROUPE FOR TEN PERFORMANCES, ACCOMPANIED BY THE SSV ORCHESTRA - THE ONLY PROFESSIONAL PRODUCTION IN THE GREATER SOUTH BAY. THE EXPERIMENT WILL CONTINUE NEXT SEASON. 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 629,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 629,700. PAYROLL FEES: Program service expenses 15,890. Management and general expenses 1,003. Fundraising expenses 656. Total expenses 17,549. Website: Program service expenses 0. Management and general expenses 1,050. Fundraising expenses 0. Total expenses 1,050. Miscellaneous: Program service expenses 0. Management and general expenses 131. Fundraising expenses 0. Total expenses 131.