2017-04-07T16:46:22-05:00 2016-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2015-07-01 941156610 SAN FRANCISCO CONSERVATORY OF MUSIC SANF 4157593423 50 OAK STREET SAN FRANCISCO CA 94102 KATHRYN WITTENMYER V.P. FINANCE & ADMIN 4157593423 2017-04-03 1 MAGA E KISRIEV P01008919 4157810793 2015 2021-01-29 14:40:06Z DAVID STULL 50 OAK STREET SAN FRANCISCO CA 94102 59714829 0 X WWW.SFCM.EDU X 1923 CA THE CONSERVATORY OFFERS UNDERGRADUATE, GRADUATE AND POSTGRADUATE MUSICAL EDUCATION. 37 37 557 46 2932 824 5898717 9728061 18971567 18448449 1049486 -253557 246849 -667518 26166619 27255435 7676556 8132443 0 0 12451376 13849200 0 0 1625746 5877935 6979708 26005867 28961351 160752 -1705916 142882590 138342946 25750882 24538172 117131708 113804774 THE SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) EDUCATES EXCEPTIONALLY TALENTED MUSICIANS FROM AROUND THE WORLD TO BECOME ARTISTS OF THE HIGHEST CALIBER, AS WELL AS MUSICAL CITIZENS PREPARED FOR THE CHALLENGES OF THE TWENTY-FIRST CENTURY. 0 0 18835672 7921273 16708590 COLLEGIATE INSTRUCTION - SFCM IS AN ACCREDITED COLLEGE GRANTING BACHELOR'S AND MASTER'S DEGREES IN MUSIC PERFORMANCE. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, RECRUITMENT, AND ACADEMIC SUPPORT (LIBRARY, STUDENT SERVICES, ETC.). 390 STUDENTS WERE ENROLLED. 383 STUDENTS RECEIVED SFCM SCHOLARSHIPS. 39 BACHELOR OF MUSIC, 99 MASTER OF MUSIC, AND 22 PROFESSIONAL STUDIES DIPLOMA DEGREES WERE AWARDED. 1894086 211170 2344794 PRE-COLLEGIATE AND ADULT EXTENSION - MUSIC INSTRUCTION FOR 4-18 YEAR OLDS AND CONTINUING EDUCATION FOR ADULTS. INSTRUCTION INCLUDES EARLY CHILDHOOD MUSIC CLASSES, PRIVATE MUSIC INSTRUCTION, AND CLASSES. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, ADVERTISING, AND SUPPORT. 288 STUDENTS WERE ENROLLED AND 68 STUDENTS RECEIVED SCHOLARSHIPS. 20729758 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 1 142 0 1 557 1 1 1 0 0 0 0 1 1 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATHRYN WITTENMYER 4157593423 50 OAK STREET SAN FRANCISCO CA 94102 TIMOTHY W FOO BOARD CHAIR 10.00 X X 0 0 0 DEEPA R PAKIANATHAN BOARD EXECUTIVE VICE CHAIR 1.00 X X 0 0 0 WILLIAM K BOWES JR BOARD VICE-CHAIR 1.00 X X 0 0 0 MICHAEL R V WHITMAN BOARD VICE CHAIR 1.00 X X 0 0 0 JOSHUA M RAFNER BOARD TREASURER 1.00 X X 0 0 0 KAREN KUBIN BOARD SECRETARY 1.00 X X 0 0 0 LOUIS BELDEN TRUSTEE 1.00 X 0 0 0 EILEEN BLUM-BOURGADE TRUSTEE 1.00 X 0 0 0 DIDI BORING TRUSTEE 1.00 X 0 0 0 JAN BUCKLEY TRUSTEE 1.00 X 0 0 0 CAROL CASEY TRUSTEE 1.00 X 0 0 0 REBECCA-SEN CHAN TRUSTEE 1.00 X 0 0 0 STEVEN A CINELLI TRUSTEE 1.00 X 0 0 0 MRS A BARLOW FERGUSON TRUSTEE 1.00 X 0 0 0 ANN GIRARD TRUSTEE 1.00 X 0 0 0 LISA M GROTTS TRUSTEE 1.00 X 0 0 0 JOHN LEITNER TRUSTEE 1.00 X 0 0 0 ADITI H MANDPE MD TRUSTEE 1.00 X 0 0 0 SUSAN GRAF MARINEAU TRUSTEE 1.00 X 0 0 0 LORNA F MEYER TRUSTEE 1.00 X 0 0 0 PAYAM MIRRASHIDI TRUSTEE 1.00 X 0 0 0 MAURA B MOREY TRUSTEE 1.00 X 0 0 0 NANCY PROBST TRUSTEE 1.00 X 0 0 0 MATTHEW RAPHAELSON TRUSTEE 1.00 X 0 0 0 STEPHEN RUBIN TRUSTEE 1.00 X 0 0 0 GARY A RUST MD TRUSTEE 1.00 X 0 0 0 GEORGE S SARLO TRUSTEE 1.00 X 0 0 0 CAMILLA SMITH TRUSTEE 1.00 X 0 0 0 MAUREEN O'BRIENT SULLIVAN TRUSTEE 1.00 X 0 0 0 JANE TOM TRUSTEE 1.00 X 0 0 0 JOAN TRAITEL TRUSTEE 1.00 X 0 0 0 BARBARA WALKOWSKI TRUSTEE 1.00 X 0 0 0 MAURICE WERDEGAR TRUSTEE 1.00 X 0 0 0 ROBERT H ZERBST TRUSTEE 1.00 X 0 0 0 SIWEI ZOU TRUSTEE 1.00 X 0 0 0 CHRISTIANE P DE BORD TRUSTEE 1.00 X 0 0 0 CAROL PUCCI DOLL TRUSTEE 1.00 X 0 0 0 DAVID STULL PRESIDENT 60.00 X 450360 0 202691 KATHRYN WITTENMYER V.P. FINANCE 40.00 X 145995 0 18019 KATE SHEERAN PROVOST & DEAN 40.00 X 94895 0 3866 STACY CULLISON V.P. ADVANCEMENT 40.00 X 210374 0 12122 SUSAN MCCONKEY VP STRATIGIC INITIATIVES 40.00 X 199217 0 9794 JODI LEVITZ FACULTY 40.00 X 161119 0 17349 IAN SWENSEN FACULTY 40.00 X 160225 0 12831 MICHAEL LAWRENCE DIRECTOR OF DEVELOPMENT 40.00 X 157701 0 8884 1579886 0 285556 20 0 1 0 CORPORATE SECURITY SERVICES INC THE HEARST BUILDING 5 THIRD ST SAN FRANCISCO CA 94103 SECURITY 320571 ALL CLEAN LLC 1001 BAYHILL DRIVE SUITE 225 SAN BRUNO CA 94066 JANITORIAL SERVICES 183344 EQUITY COMMUNITY BUILDERS LLC PO BOX 29585 SAN FRANCISCO CA 94129 PROJECT MANAGEMENT 180718 MARK CAVAGNERO ASSOCIATES 1045 SANSOME ST SAN FRANCISCO CA 94111 ARCHITECTURAL SERVICES 167500 GRAYSTONE 3562 ROUND BARN CIRCLE SANTA ROSA CA 95403 INVESTMENT CONSULTING 154388 7 788996 57580 8881485 610042 9728061 TUITION AND FEES 611310 18132326 18132326 OTHER EDUCATIONAL 611710 316123 316123 18448449 468093 468093 3093326 3618655 -525329 -525329 604935 2932 -1133196 27841690 13000 28543665 32675 -701975 -19675 -721650 -721650 122210 788996 264399 -142189 -142189 27255435 19053384 2932 -1528942 8132443 8132443 1038977 726659 312318 10874713 8360498 1579221 934994 286952 185102 95622 6228 880868 490821 305472 84575 767690 582047 124849 60794 47187 44240 2947 102750 102750 244152 244152 919673 155521 715028 49124 133754 57916 75838 632985 240468 309160 83357 290905 75920 204568 10417 16011 15702 309 688306 6742 681564 327268 216581 85856 24831 23815 9768 11631 2416 193218 193218 1426477 1426477 70879 1290 69589 POST RET BEN OBLIGATION 1161134 1161134 CONCERT PRODUCTION 378981 368331 10650 INSTRUMENT MAINTENANCE 132756 132756 CATERING 94518 31517 20657 42344 94939 46640 47548 751 28961351 20729758 6605847 1625746 3340549 1700432 13955949 11732011 636211 796226 721864 754696 380631 646571 102365144 15930663 85501867 86434481 24767866 24189169 13332538 11844245 245115 245115 142882590 138342946 603258 1028670 1319657 1451274 20150000 17275000 3677967 4783228 25750882 24538172 X 57026961 52311108 19865810 20504240 40238937 40989426 117131708 113804774 142882590 138342946 -1705916 -1621018 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40379000 770000 -2068000 1950000 37131000 41221000 928000 30000 1800000 40379000 37279000 1648000 3970000 1676000 41221000 35655000 1350000 2034000 1760000 37279000 33926000 4285000 -924000 1632000 35655000 0.00240 0.98700 0.01060 0 0 13392091 9860951 23253042 1448656 66951181 11030274 57369563 1902792 1547500 355292 8809473 3352889 5456584 86434481 MANAGED CASH & EQUIVALENTS 2688567 F PARTNERSHIPS 8456052 F ACCESS / PARTICIPATION FUNDS 699626 F 11844245 PERKINS GOV'T LOANS 677379 ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION 4105849 4783228 X 21251691 -1621018 -8053660 -9674678 30926369 212120 -3883054 -3670934 27255435 24578625 3883054 3883054 20695571 212120 8053660 8265780 28961351 PART V, LINE 4: THE CONSERVATORY HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: SFCM OPERATES AS A NOT-FOR PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER PROVISIONS OF THE U.S. INTERNAL REVENUE CODE, SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. SFCM FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC TOPIC 740 FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS OF JUNE 30, 2016, MANAGEMENT EVALUATED SFCM'S TAX POSITIONS AND CONCLUDED THAT SFCM HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE -8,053,660. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE -3,618,655. FUNDRAISING EVENTS NETTED AGAINST REVENUE -264,399. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE 3,618,655. FUNDRAISING EVENTS NETTED AGAINST REVENUE 264,399. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE 8,053,660. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 OUR NON-DISCRIMINATION POLICY IS PUBLISHED ON OUR WEBSITE AND ON OUR COLLEGE APPLICATION. SCHEDULE E, PART I, LINE 6 THE SAN FRANCISCO CONSERVATORY OF MUSIC MANAGES AN EXTENSIVE FINANCIAL ASSISTANCE PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION ATTENDS AND GRADUATES FROM THE CONSERVATORY. THE CONSERVATORY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT GRANT AND LOAN PROGRAMS, INCLUDING PELL, SEOG, CWSP, PERKINS, AND FFEL. THE CONSERVATORY ALSO RECEIVES GRANTS FROM THE SAN FRANCISCO GRANTS FOR THE ARTS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SENDING ORGANIZATION REPRESENTATIVES TO PERFORM, ATTEND AND SPEAK AT SEMINARS AND CONFERENCES; RECRUITING. 20138 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SENDING ORGANIZATION REPRESENTATIVES TO PERFORM, ATTEND AND SPEAK AT SEMINARS AND CONFERENCES; RECRUITING. 7511 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3721844 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1213492 0 0 0 0 0 0 4962985 0 4962985 0 0 1 0 1 0 ANNUAL GALA 911206 788996 122210 60732 29500 174167 911206 788996 122210 60732 29500 174167 264399 -142189 1 COLLEGIATE TUITION SCHOLARSHIPS 383 7843273 COLLEGIATE LIVING AWARD SCHOLARSHIPS 20 78000 PRE-COLLEGIATE TUITION SCHOLARSHIPS 68 211170 PART I, LINE 2: A LIST OF RECIPIENTS OF SCHOLARSHIPS AND FELLOWSHIPS IS ON FILE AT THE INSTITUTION AND IS AVAILABLE ON REQUEST. ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTION, SUCH RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS WITH OTHER RECIPIENTS. THAT IS, ALL STUDENTS RECEIVING SCHOLARSHIPS AND FELLOWSHIPS ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC AND MUSIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DAVID STULL PRESIDENT 450000 0 0 0 360 0 36000 0 166691 0 653051 0 0 0 KATHRYN WITTENMYER V.P. FINANCE 145108 0 0 0 887 0 8350 0 9669 0 164014 0 0 0 STACY CULLISON V.P. ADVANCEMENT 210086 0 0 0 288 0 0 0 12122 0 222496 0 0 0 SUSAN MCCONKEY VP STRATIGIC INITIATIVES 198507 0 0 0 710 0 0 0 9794 0 209011 0 0 0 JODI LEVITZ FACULTY 161119 0 0 0 0 0 8440 0 8909 0 178468 0 0 0 IAN SWENSEN FACULTY 159930 0 0 0 295 0 7997 0 4834 0 173056 0 0 0 MICHAEL LAWRENCE DIRECTOR OF DEVELOPMENT 157561 0 0 0 140 0 0 0 8884 0 166585 0 0 0 PART I, LINE 1A DAVID STULL, PRESIDENT, IS REQUIRED TO LIVE IN SFCM-PROVIDED HOUSING FOR THE CONVENIENCE OF SFCM, WHICH WAS TREATED AS A NON-TAXABLE BENEFIT. JESSICA DOWNS FAMILY MEMBER OF DAVID STULL, PRESIDENT 16230 THE SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) CONTRACTED WITH A FAMILY MEMBER OF DAVID STULL, PRESIDENT, AS INDEPENDENT CONTRACTOR TO PROVIDE MANAGEMENT AND COORDINATION SERVICES IN AN BI-ANNUAL EVENT SPONSORED BY SFCM. IT WAS NOT THE PRESIDENT'S DECISION TO HIRE HER - BUT THE V.P. IN CHARGE OF THE EVENT. 0 X 14 240492 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 9 369550 FAIR MARKET VALUE 8 0 0 1 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. PART I, LINE 32B: THE CONSERVATORY UTILIZES THE SERVICES OF AUCTION CITY, AN UNRELATED THIRD PARTY, TO OPERATE ITS VEHICLE DONATION PROGRAM. FORM 990, PART VI, SECTION B, LINE 11 THE CONSERVATORY'S ACCOUNTING FIRM PREPARED THE FORM 990 WITH THE ASSISTANCE OF THE V.P. FINANCE. UPON ITS COMPLETION, IT WAS FORWARDED TO THE BOARD CHAIR, TREASURER, PRESIDENT, AND CHAIR OF THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING THE FORM 990. THE ACCOUNTING FIRM PRESENTED THE FORM 990 TO THE BOARD CHAIR, PRESIDENT, CHAIR OF THE AUDIT COMMITTEE, AND V.P. FINANCE. AFTER IT WAS REVIEWED BY THE INDIVIDUALS NOTED ABOVE, ALL VOTING MEMBERS OF THE BOARD WERE NOTIFIED THAT THE FORM 990 WAS COMPLETED AND THEY WERE ENCOURAGED TO REVIEW THE FORM 990 AND FORWARD THEIR QUESTIONS TO THE V.P. FINANCE. AFTER THE STATED REVIEW PERIOD, THE FORM 990 WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONSERVATORY'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES, STAFF AND FACULTY. THE POLICY DEFINES POTENTIAL CONFLICTS OF INTEREST TO INCLUDE, BUT ARE NOT LIMITED TO: FINANCIAL INTEREST; ACCEPTANCE OF GIFTS (EXCEPT FOR THOSE OF NOMINAL VALUE); DISCLOSURE OR USE OF CONFIDENTIAL INFORMATION; POSSIBLY OUTSIDE EMPLOYMENT (FOR EMPLOYEES). THE CONSERVATORY DOES RELY ON SELF-IDENTIFICATION REGARDING POTENTIAL CONFLICTS OF INTEREST. EACH MEMBER OF THE BOARD SIGNS A STATEMENT THAT THEY: 1) RECEIVED A COPY OF THE POLICY; 2) HAVE READ AND UNDERSTAND THE POLICY; 3) AGREE TO COMPLY WITH THE POLICY; 4) UNDERSTAND THAT THE POLICY APPLIES TO ALL COMMITTEES AND SUBCOMMITTEES. IN ADDITION, THEY STATE ANY CONFLICTS AND/OR ATTEST TO NONE. IF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST IS FOUND FOR A TRUSTEE, HE/SHE WILL NOT BE COUNTED TOWARD A QUORUM AT ANY MEETING WHERE THE CONFLICT IS DISCUSSED, AND WILL NOT BE ALLOWED TO VOTE ON ANY ACTION REGARDING THE ISSUE. IN THE EVENT THAT A TRUSTEE (OR FAMILY MEMBER) HAS A MATERIAL FINANCIAL INTEREST IN AN ACTUAL OR CONTEMPLATED TRANSACTION, THE BOARD SHALL REQUIRE DISCLOSURE OF SUCH FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING THERETO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HAS AUTHORIZED THE EXECUTIVE COMMITTEE OF THE BOARD TO DETERMINE ANNUAL COMPENSATION FOR TOP MANAGEMENT. ANNUALLY, THE DIRECTOR OF HR GATHERS COMPARATIVE SALARY DATA FROM AVAILABLE SOURCES AND PRESENTS THE DATA ALONG WITH PROPOSED SALARIES. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES SALARIES. THE REVIEW PROCESS AND VOTE IS RECORDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). ADDITIONALLY, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. 200 VAN NESS AVENUE LLC 50 OAK STREET SAN FRANCISCO CA 94102 471872329 REAL ESTATE RENTAL CA 327901 -721086 SAN FRANCISCO CONSERVATORY OF MUSIC 214 VAN NESS AVENUE LLC 50 OAK STREET SAN FRANCISCO CA 94102 REAL ESTATE RENTAL CA 300000 198578 SAN FRANCISCO CONSERVATORY OF MUSIC THE HARRIS GUITAR FOUNDATION 1563 SOLANO AVE SUITE 201 BERKELEY CA 94707 461025013 SUPPORTING ORGANIZATION CA 501(C)(3) LINE 11A, I SAN FRANCISCO CONSERVATORY OF MUSIC 0 POOLED INCOME FUNDS (6) INVESTMENTS CA SAN FRANCISCO CONSERVATORY OF MUSIC T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0