2018-07-16T18:04:13-05:00 2017-08-31 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2016-09-01 941156284 San Francisco Symphony SANF 4155528000 Davies Symphony Hall 201 Van Ness San Francisco CA 941024585 Jim Kirk CFO 4155528000 2018-07-15 1 Katy Brown P00650274 9257902600 2018-07-16 2016 2022-09-23 18:48:47Z SAKURAKO FISHER Davies Symphony Hall 201 Van Ness San Francisco CA 941024585 106143576 0 X www.sfsymphony.org X 1910 CA To enrich, serve, and shape cultural life throughout the spectrum of Bay Area Communities. 75 75 1028 2099 495041 425863 31602376 29263278 31730782 30903717 17309904 16254150 -1058076 -679373 79584986 75741772 49185 18565 0 0 43624903 46852140 0 155041 5481511 31937560 35227246 75611648 82252992 3973338 -6511220 337677352 358019412 77046983 67835441 260630369 290183971 X THE SAN FRANCISCO SYMPHONY SETS THE HIGHEST POSSIBLE STANDARD FOR EXCELLENCE IN MUSICAL PERFORMANCE AT HOME AND AROUND THE WORLD; ENRICHES, SERVES, AND SHAPES CULTURAL LIFE THROUGHOUT THE SPECTRUM OF BAY AREA COMMUNITIES; MAINTAINS FINANCIAL STABILITY AND GAINS PUBLIC RECOGNITION AS A MEANS OF ENSURING ITS ABILITY TO FULFILL ITS MISSION. 0 0 68903075 18565 31578952 THROUGH ITS ARTISTIC, EDUCATION AND COMMUNITY PROGRAMS, THE SAN FRANCISCO SYMPHONY EACH YEAR SERVES MORE THAN 400,000 BAY AREA RESIDENTS AND VISITORS OF EVERY ECONOMIC AND CULTURAL BACKGROUND IN OVER 200 CONCERTS. THE SYMPHONY ADDITIONALLY REACHES MILLIONS OF OTHERS THROUGHOUT THE UNITED STATES AND ABROAD THROUGH TOURING, RECORDING, THE WEB, AND RADIO AND TELEVISION BROADCASTS.THE GRAMMY AWARD WINNING SAN FRANCISCO SYMPHONY IS REGARDED INTERNATIONALLY AS ONE OF THE FOREMOST AMERICAN ORCHESTRAS. UNDER MUSIC DIRECTOR MICHAEL TILSON THOMAS, THE SYMPHONY OFFERS EXCITING CLASSICAL PROGRAMS WITH INTERNATIONALLY ACCLAIMED GUEST ARTISTS IN ITS 100+ CONCERT SUBSCRIPTION SERIES. OTHER ANNUAL SERIES INCLUDE THE GREAT PERFORMERS SERIES, MUSIC FOR FAMILIES AND THE CHAMBER MUSIC SERIES. IN ADDITION, THE ORCHESTRA OFFERS FREE COMMUNITY CONCERTS, AN ANNUAL SUMMER FESTIVAL AND DECEMBER HOLIDAY CONCERTS.THE SYMPHONY PROVIDES AN EXTENSIVE ARRAY OF MUSIC EDUCATION PROGRAMS FOR YOUTH AND ADULTS, MOST OF WHICH ARE FREE OF CHARGE. FOR YOUNG CHILDREN, THERE IS ADVENTURES IN MUSIC, A COMPREHENSIVE MUSIC EDUCATION PROGRAM IN EVERY SAN FRANCISCO PUBLIC ELEMENTARY SCHOOL SERVING OVER 25,000 CHILDREN AND CONCERTS FOR KIDS, REACHING NEARLY 35,000 SCHOOL CHILDREN EACH YEAR FROM AROUND THE GREATER BAY AREA. OTHER PROGRAMS INCLUDE A SPECIAL WEB SITE FOR CHILDREN, WWW.SFSKIDS.ORG, OFFERING YOUNGSTERS AROUND THE WORLD AN INTRODUCTION TO MUSIC, THE INSTRUMENT TRAINING PROGRAM FOR MIDDLE AND HIGH SCHOOL MUSIC STUDENTS; THE HOWARD SKINNER STUDENT FORUM, OFFERING GREATLY DISCOUNTED TICKETS TO COLLEGE STUDENTS; AND FREE TICKETS FOR HIGH SCHOOL AND COLLEGE MUSIC STUDENTS. FOR ADULTS, THE SYMPHONY PRESENTS INSIDE MUSIC TALKS, WHICH ARE FREE OF CHARGE BEFORE EACH CONCERT. OTHER PROGRAMS REACH ECONOMICALLY DISADVANTAGED BAY AREA RESIDENTS AND INCLUDE FREE OUTDOOR CONCERTS AND SEVERAL PROGRAMS DISTRIBUTING DISCOUNTED AND COMPLIMENTARY TICKETS. THE SYMPHONY'S WIDE-RANGING RECORDING AND MEDIA PROJECTS MAKE CLASSICAL MUSIC MORE ACCESSIBLE TO PEOPLE OF ALL AGES AND BACKGROUNDS, INCLUDING A NATIONAL PBS-TV SERIES OF DOCUMENTARIES AND CONCERTS, NATIONALLY SYNDICATED RADIO PROGRAMS, AND INTERACTIVE WEBSITES. 68903075 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 297 0 1 1028 1 1 1 0 0 0 0 1 1 0 0 0 0 X 75 75 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X Jim Kirk CFO 4155528000 Davies Symphony Hall 201 Van Ness San Francisco CA 941024585 Sakurako Fisher President 31.60 X X 0 0 0 Gail L Covington Vice President 4.60 X X 0 0 0 Paul S Otellini Vice President 3.00 X X 0 0 0 David R Strand Vice President 3.00 X X 0 0 0 Lydia I Beebe Secretary 3.00 X X 0 0 0 Robert R Tufts Member, Board of Governors 1.10 X 0 0 0 Aida M Alvarez Member, Board of Governors 2.10 X 0 0 0 Michael Anders Member, Board of Governors 2.30 X 0 0 0 Nancy H Bechtle Member, Board of Governors 2.20 X 0 0 0 Athena T Blackburn Member, Board of Governors 1.00 X 0 0 0 Jeff Bleich Member, Board of Governors 1.30 X 0 0 0 Carol Franc Buck Member, Board of Governors 1.00 X 0 0 0 Richard A Carranza Member, Board of Governors 1.00 X 0 0 0 Carol Casey Member, Board of Governors 1.80 X 0 0 0 Dean Cash Member, Board of Governors 1.10 X 0 0 0 Iris Chan Member, Board of Governors 1.80 X 0 0 0 John S Chen Member, Board of Governors 1.00 X 0 0 0 Matt Cohler Member, Board of Governors 1.80 X 0 0 0 Margaret Liu Collins Member, Board of Governors 2.30 X 0 0 0 Nancy R Conner Member, Board of Governors 1.00 X 0 0 0 Michele Beigel Corash Member, Board of Governors 1.80 X 0 0 0 Mrs Robert A Corrigan Member, Board of Governors 1.30 X 0 0 0 Roberta Denning Member, Board of Governors 1.50 X 0 0 0 Mary C Falvey Member, Board of Governors 2.30 X 0 0 0 Mrs Donald G Fisher Member, Board of Governors 1.00 X 0 0 0 Mary Francis Member, Board of Governors 1.50 X 0 0 0 David A Friedberg Member, Board of Governors 3.30 X 0 0 0 A John Gambs Member, Board of Governors 4.60 X 0 0 0 Priscilla B Geeslin Member, Board of Governors 2.50 X 0 0 0 Charles M Geschke Member, Board of Governors 2.40 X 0 0 0 Gordon P Getty Member, Board of Governors 1.00 X 0 0 0 John D Goldman Member, Board of Governors 3.00 X 0 0 0 Jim Henry Member, Board of Governors 2.10 X 0 0 0 Gregory E Johnson Member, Board of Governors 2.30 X 0 0 0 Mark A Jung Member, Board of Governors 1.00 X 0 0 0 Judi Kanter Member, Board of Governors 1.40 X 0 0 0 Mrs William R Kimball Member, Board of Governors 1.40 X 0 0 0 F Curt Kirschner Member, Board of Governors 1.70 X 0 0 0 Christine E Lamond Member, Board of Governors 1.00 X 0 0 0 Patricia Lee-Hoffmann Member, Board of Governors 1.30 X 0 0 0 Max Levchin Member, Board of Governors 1.00 X 0 0 0 Fred M Levin Member, Board of Governors 1.80 X 0 0 0 Maryon Davies Lewis Member, Board of Governors 1.00 X 0 0 0 Dr Raymond K Y Li Member, Board of Governors 1.00 X 0 0 0 Gorretti Lo Lui Member, Board of Governors 3.00 X 0 0 0 Marc T Macaulay Member, Board of Governors 2.70 X 0 0 0 Rebecca Macieira-Kaufmann Member, Board of Governors 1.30 X 0 0 0 Mrs Merrill L Magowan Member, Board of Governors 1.80 X 0 0 0 Mrs J Stanley Mattison Member, Board of Governors 1.00 X 0 0 0 J William Morris III Member, Board of Governors 2.30 X 0 0 0 Mrs John F Nicolai Member, Board of Governors 1.40 X 0 0 0 Robert G O'Donnell Member, Board of Governors 1.50 X 0 0 0 Mrs James C Paras Member, Board of Governors 1.40 X 0 0 0 Perry Pelos Member, Board of Governors 1.50 X 0 0 0 Mark A Perry Member, Board of Governors 1.50 X 0 0 0 Laura K Pfaff Member, Board of Governors 1.00 X 0 0 0 Paula B Pretlow Member, Board of Governors 1.50 X 0 0 0 Kausik Rajgopal Member, Board of Governors 2.00 X 0 0 0 Richard M Rosenberg Member, Board of Governors 2.30 X 0 0 0 Frederic M Seegal Member, Board of Governors 1.00 X 0 0 0 Mrs George P Shultz Member, Board of Governors 1.00 X 0 0 0 Trine Sorensen Member, Board of Governors 2.10 X 0 0 0 Patricia Sughrue Sprincin Member, Board of Governors 1.40 X 0 0 0 Tony Trousset Member, Board of Governors 1.80 X 0 0 0 M Isabel Valdes Member, Board of Governors 1.40 X 0 0 0 Jack William Van Geem Member, Board of Governors 1.00 X 0 0 0 Ge Wang Member, Board of Governors 1.10 X 0 0 0 Anita L Wornick Member, Board of Governors 1.00 X 0 0 0 Eric X Li Member, Board of Governors 1.70 X 0 0 0 Tim Fitzpatrick Member, Board of Governors 1.00 X 0 0 0 Basheer Janjua Member, Board of Governors 1.40 X 0 0 0 Paula B Blank Member, Board of Governors 1.00 X 0 0 0 Metta Krach Member, Board of Governors 1.00 X 0 0 0 Robert B Thompson Member, Board of Governors 1.00 X 0 0 0 Zachary Townsend Member, Board of Governors 1.50 X 0 0 0 Brent Assink Executive Director 60.00 X 502863 0 67294 James Kirk Chief Financial Officer 60.00 X 225964 0 30276 Derek Dean CHIEF OPERATIONS OFFICER 60.00 X 332645 0 24822 Alexander Barantschik Concertmaster 60.00 X 536785 0 52487 Carey Bell Principal Clarinet 60.00 X 263692 0 25488 Mark Inouye Principal Trumpet 60.00 X 310817 0 31728 Nadya Tichman Associate Concertmaster 60.00 X 256960 0 73486 Eugene Izotov Principal Oboist 60.00 X 341807 0 49202 2771533 0 354783 135 0 1 0 MTT INC 1745 BROADWAY 18TH FLOOR New York NY 10019 MUSIC DIRECTOR 2492623 Events Management Inc 2525 16th Street Suite 311 San Francisco CA 94103 Catering/Meals 701644 Opus 3 Artists 470 Park Avenue South 9th Floor New York NY 10016 Artistic Management 680413 PROPHET BRAND STRATEGY 1 BUSH STREET 7TH FLOOR SAN FRANCISCo CA 94104 MARKETING CONSULTANT 660407 COLUMBIA ARTISTS MGMT LLC 5 COLUMBUS CIRCLE AT 1790 BROADWAY NEW YORK NY 10019 ARTISTIC Management 646983 30 3709490 734600 24819188 1837157 29263278 Concert & Related Reve 711130 30611658 30611658 Volunteer Council 711130 160806 160806 SFS Media 515100 131253 131253 30903717 5254496 426015 4828481 69026 0 69026 69026 69026 38464231 27445761 18816 11018470 -18816 10999654 10999654 782371 3709490 2266107 -1483736 -1483736 1346355 671120 675235 675235 Miscellaneous 900099 60102 60102 60102 75741772 31578952 495041 14404501 18565 18565 1005629 872820 132809 32940667 28596484 2369026 1975157 4728733 4388821 302172 37740 5825008 5081097 490826 253085 2352103 1992035 210417 149651 88394 88394 191560 191560 36361 36361 155041 155041 583993 583993 3231802 2810147 300457 121198 1095359 1015808 43795 35756 855535 564779 262999 27757 426808 74841 316448 35519 5339 5339 695571 177855 466081 51635 93775 60143 20806 12826 1415976 1260949 42442 112585 371304 32344 338960 Concert Production 21594439 21594439 Other Expenses 4287931 1044152 863908 2379871 Equipment Rental and Ma 253099 185277 66941 881 82252992 68903075 7868406 5481511 3337927 2545271 284206 508450 4087004 3244297 1109252 320821 13593239 10163903 621600 823067 2883202 3570016 646908 618070 2740028 2868109 38505763 19331748 18704470 19174015 202899413 214284380 81347549 93833275 1119977 7924710 9119459 337677352 358019412 4285653 4266003 12308452 11123614 15000000 21000000 244000 45452878 31201824 77046983 67835441 X 16173194 28501452 97563943 110519740 146893232 151162779 260630369 290183971 337677352 358019412 X -6511220 20975193 15089629 X X 0 1 X 1 0 X 33467450 29977665 31646868 31602376 29263278 155957637 33467450 29977665 31646868 31602376 29263278 155957637 25823593 130134044 7247759 31179218 4522968 4139804 4897507 51987256 36429 46332 84999 373531 495041 1036332 2207304 948110 1361503 917400 842473 6276790 215258015 156225436 0.60450 0.61270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36361 36361 82058449 82094810 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 18346 21260 33248 36361 109215 250000 250000 250000 250000 1000000 1500000 141500 X X X Replica for Annual Poster 0 303916391 5532430 36874167 31514953 314808035 297415006 4305898 19803541 17608054 303916391 312220543 2865945 -1729305 15942177 297415006 283364803 6541564 39550972 17236796 312220543 268040050 3998608 26941005 15614860 283364803 0.20200 0.48200 0.31600 1 0 19309061 13602117 5706944 18058972 5729631 12329341 1137730 1137730 19174015 Limited Partnerships and Others 93833275 F 93833275 Liabilites to Beneficiary of Split Int. Agreements 3153970 Pension Benefit Liabilities 23547854 Unearned Challenge Grant 4500000 31201824 X 99140572 20975193 70373 2937227 23982793 75157779 583993 583993 75741772 84676599 70373 2937227 3007600 81668999 583993 583993 82252992 Part V, Line 4: The Symphony's endowment plays a vital role in providing the financial support and stability that further the Symphony's mission: to set the highest possible standard in musical performance and to serve and shape cultural life throughout the Bay Area's diverse communities. The Syphony's endowment provides a steady, stable, and predictable revenue stream that allows us to plan for the Symphony's enriching programs. Part X, Line 2: The Symphony has received rulings from the Internal Revenue Service under Section 501(c)(3) of the Internal Revenue Code and from the State of California Franchise Tax Board granting exemption from income taxation. The Symphony has evaluated its current tax positions on unrelated business income and has concluded that as of August 31, 2017, the Symphony does not have any significant uncertain tax positions for which a reserve would be necessary. For state tax purposes, the Symphony is generally no longer subject to tax examinations for years prior to 2013. For federal tax purposes, the Symphony is no longer subject to tax examinations for years prior to 2014. Part XI, Line 2d - Other Adjustments: Special Events Expense 2,266,107. Cost of Goods Sold 671,120. Part XII, Line 2d - Other Adjustments: Special Events Expense 2,266,107. Cost of Goods Sold 671,120. Schedule D Part V Line 1e Column A This amount includes an appropriation of board designated net assets of $15,467,011. The appropriation of board designated net assets totaling $15,467,011 consists of non-cash, interfund balances previously recorded as unrestricted board designated endowment funds. During the year ended August 31, 2017, these amounts were appropriated to other unrestricted funds reflected as Board Designated Endowment and other net assets in the Statement of Financial Position. This unrestricted, inter-fund appropriation had no effect on cash, investments, or change in net assets as of and for the year ended August 31, 2017. East Asia and the Pacific 0 0 Program Services Symphony Tours 1887433 Central America and the Caribbean 0 0 PASSIVE INVESTMENTS 8335185 0 0 0 0 0 0 10222618 0 10222618 1 0 0 0 0 0 X X X X X X X 1 BAY AREA ARTS MARKETING INC 584 CASTRO STREET 573 SAN FRANCISCO CA 94114 CONSULT AND SOLICIT FOR TELE-FUNDING 0 395071 149053 246018 CLASSY INC 350 10TH AVENUE STE 1300 SAN DIEGO CA 92101 ONLINE CROWDFUNDING SERVICE 0 46802 5988 40814 441873 155041 286832 CA OPENING GALA 3200481 2821515 378966 20290 1412730 CHINESE NEW YEAR 549743 275500 274243 16678 354777 2 741637 635574 106063 13150 448482 4491861 3732589 759272 50118 2215989 2266107 -1506835 1 AP Giannini Middle School 3151 Ortega Street San Francisco CA 94122 946000416 Government 5100 FMV Tickets To provide the community free access to select Symphony performances Lowell High School 1101 Eucalyptus Drive San Francisco CA 94132 946000416 Government 7925 FMV Tickets To provide the community free access to select Symphony performances Presidio Middle School 450 30th Avenue San Francisco CA 94121 946000416 Government 5540 FMV Tickets To provide the community free access to select Symphony performances 3 Part I, Line 2: THE SYMPHONY DONATES TICKETS TO VARIOUS ORGANIZATIONS, PREDOMINANTLY RELATED TO EDUCATION. SYMPHONY STAFF MEMBER(S) WORK DIRECTLY WITH THE SCHOOLS AND ATTEND CONCERTS TO PERSONALLY WELCOME THE TEACHERS AND STUDENTS WHO ARE ATTENDING THESE CONCERTS. X X X X 0 1 0 0 0 0 0 0 0 Brent Assink Executive Director 493592 0 0 0 9271 0 49587 0 17707 0 570157 0 0 0 James Kirk Chief Financial Officer 225766 0 0 0 198 0 12795 0 17481 0 256240 0 0 0 Derek Dean CHIEF OPERATIONS OFFICER 332576 0 0 0 69 0 3139 0 21683 0 357467 0 0 0 Alexander Barantschik Concertmaster 535993 0 0 0 792 0 20070 0 32417 0 589272 0 0 0 Carey Bell Principal Clarinet 263572 0 0 0 120 0 11662 0 13826 0 289180 0 0 0 Mark Inouye Principal Trumpet 310637 0 0 0 180 0 19525 0 12203 0 342545 0 0 0 Nadya Tichman Associate Concertmaster 256444 0 0 0 516 0 46173 0 27313 0 330446 0 0 0 Eugene Izotov Principal Oboist 341687 0 0 0 120 0 13427 0 35775 0 391009 0 0 0 Part I, Line 4b 4b - The Executive Director participates in a supplemental nonqualified retirement plan. SFS contributed $18,000 to the plan in 2016. Perry Pelos Former Board Member / Board Member 243800 MR. PELOS, BOARD MEMBER, IS THE EXECUTIVE VICE PRESIDENT OF WHOLESALE BANKING, OF WHICH THE SYMPHONY OBTAINED SERVICES FROM. TOTAL TRANSACTIONS INCLUDED BANK FEES OF $24,973 AND INTEREST EXPENSE OF $214,827 ON A LINE OF CREDIT. MR. PELOS LEFT THE BOARD IN DECEMBER OF 2017. 0 X 331342 Annual Sales Revenue X 79 1249578 FMV X Food/Goods 234 251237 FMV X SOFTWARE 1 5000 FMV 0 1 0 Part I, Column (b): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Part VI, Section A, line 2 Two members of the Board, Doris Fisher and Sakurako Fisher, are related by marriage. Form 990, Part VI, Section B, line 11b On behalf of the Board of Governors, the Audit Committee shall have the responsibility to review the Symphony's Form 990 before filing with the Internal Revenue Service. The Committee is provided with a complete copy of the filing, including all supporting schedules and attachments. A meeting of the Audit Committee (either in person or via electronic means) shall be held to review the 990 Form with management and/or the preparers. All questions, comments and suggested revisions set forth by the Audit Committee will be documented along with the responses, if applicable, and the filing updated or revised as necessary. Form 990, Part VI, Section B, line 12c The Symphony's conflict of interest policy covers Governors, officers, employees, and volunteers of the San Francisco Symphony. The policy is reviewed at least annually by the Audit Committee, who shall have final authority to determine what may be a conflict of interest and how to address the conflict. Each Governor, committee member, officer and key employee is required to annually complete a disclosure form identifying conflicts of interest. Once identified, conflicts of interest are addressed as established in the Symphony's conflict of interest policy. The Chief Financial Officer of the Symphony maintains the disclosure forms and insures compliance of the established policy. Generally, a conflicted party may not participate in any discussions or decisions on matters where they may be conflicted. The conflicted party is required to disclose any conflicts or potential conflicts on the matter being considered. Form 990, Part VI, Section B, line 15 The Human Resources Committee (committee) of the board of governors determines the compensation package of the executive director (ED). The music director, the chief financial officer (CFO) and the chief operating officer (COO) of the symphony. The committee will meet annually to review and approve the compensation and benefit packages for the ED, COO and CFO. The committee relies on comparability data prepared by the director of human resources for the same or similar positions in comparable orchestras in the United States and similar positions for non-profits in the San Francisco Bay Area. Similarly, the committee provides guidelines for negotiation of collective bargaining agreements, including total cost guidelines developed in consultation with the finance committee. Form 990, Part VI, Section C, line 19 The required organizational documents of the Symphony will be available (for inspection or copying) at Davies Symphony Hall during normal business hours at no charge. The public inspection copy of the Symphony's form 990 and the audited financial reports, from the previous five years (at a minimum), will be available (for inspection or copying) at Davies Symphony Hall during normal business hours at no charge. When responding to a public inspection request for financial statements or the form 990 by anyone, the Symphony shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request. In addition, the Symphony's form 990 is available to the public on the internet at Guidestar and on the company's main website. Form 990, Part XI, line 9: Change in Pension Benefit Liabilities 15,089,629. Form 990, Part XII, Line 2c: The process has not changed from the prior year. Pooled Income Fund Davies Symphony Hall 201 Van Ness A San Francisco CA 94102 Trust CA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0