2017-07-17T15:57:00-05:00 2016-08-31 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-09-01 942576101 GOLDEN GATE PERFORMING ARTS INC GOLD 4158653650 526 CASTRO STREET SAN FRANCISCO CA 94114 CHRIS VERDUGO EXECUTIVE DIRECTOR 4158653650 2017-07-17 1 STEVEN H BOULTBEE P01228676 4154326200 2015 2021-01-29 14:40:06Z X STEVE HUFFINES 526 CASTRO STREET SAN FRANCISCO CA 94114 1555244 0 X WWW.SFGMC.ORG X 1979 CA INSPIRE ITS AUDIENCE, MEMBERS AND THE WORLD THROUGH HIGH QUALITY CHORAL EXPERIENCES. 15 15 14 350 0 0 688897 665937 525276 682731 17009 30379 215529 41112 1446711 1420159 0 0 0 0 469112 605698 0 0 26051 1072198 1072418 1541310 1678116 -94599 -257957 1742115 1567128 50620 129591 1691495 1437537 X SEE SCHEDULE O 0 0 1101703 678815 BRING HARMONY TO THE WORLD THROUGH CHORAL PRESENTATIONS. 828 14000 TOURING AND OUTREACH TO SERVE AS CULTURAL AMBASSADORS FOR SAN FRANCISCO'S GAY, LESBIAN, BISEXUAL, TRANSGENDER AND ALLIED COMMUNITIES BY PERFORMING AT COMMUNITY EVENTS PRODUCED BY OTHER ORGANIZATIONS INCLUDING FUNDRAISERS FOR HIV/AIDS CHARITIES IN CALIFORNIA. 1102531 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X ACCOUTINGX 8006403810 5670 WILSHIRE BLVD SUITE 180 LOS ANGELES CA 90036 JUSTIN TAYLOR CHAIR 10.00 X X 0 0 0 DENNIS STRADFORD VICE CHAIR 10.00 X X 0 0 0 WILLIAM VIGNA TREASURER 10.00 X X 0 0 0 SALVATORE BAGLIERI SECRETARY 10.00 X X 0 0 0 MARK DELGADO COMMUNITY MEMBER 5.00 X 0 0 0 MALANE ALI COMMUNITY MEMBER 5.00 X 0 0 0 CRAIG BRENNAN COMMUNITY MEMBER 5.00 X 0 0 0 PETER DRAKE COMMUNITY MEMBER 5.00 X 0 0 0 TRUDI LOCSOTOFF COMMUNITY MEMBER 5.00 X 0 0 0 CYNTHIA COOPER COMMUNITY MEMBER 5.00 X 0 0 0 STEVE BURTON SINGING MEMBER 5.00 X 0 0 0 DAN AARON SINGING MEMBER 5.00 X 0 0 0 STEVE HUFFINES SINGING MEMBER 5.00 X 0 0 0 MIKE BERNARD SINGING MEMBER 5.00 X 0 0 0 JEFFREY HUANG SINGING MEMBER 5.00 X 0 0 0 GREGORY MARKS SINGING MEMBER 5.00 X 0 0 0 STEVEN GALLAGHER LEADERSHIP TEAM - CHORUS P 5.00 X 0 0 0 BARBARA KELLER EXECUTIVE DIRECTOR 40.00 X 42289 0 0 THOMAS VINDIOLA INTERIM EXECUTIVE DIRECTOR 40.00 X 82669 0 3307 TIMOTHY SEELIG ARTISTIC DIRECTOR 40.00 X 127049 0 3811 252007 0 7118 1 0 0 0 0 158340 95395 87910 324292 665937 ADMISSIONS 711130 611881 611881 SERVICE FEES 900099 56850 56850 TOURING AND OUTREACH 711130 14000 14000 682731 5432 5432 24947 0 24947 24947 24947 133556 95395 102528 31028 31028 42641 32557 10084 10084 1420159 692815 0 61407 93529 93529 411981 411981 5782 5782 51256 51256 43150 35995 7155 62974 62974 60039 60039 4538 4538 86548 18942 55356 12250 107181 107181 57560 2015 42882 12663 65984 26394 39590 21471 12238 9018 215 15812 13500 1389 923 6422 6422 19629 19629 HALL RENTAL 275356 275356 PRODUCTION EXPENSE 217818 217818 CREDIT CARD FEES 39832 39832 MEMBER SERVICES 31254 31254 1678116 1102531 549534 26051 453996 343253 143080 59700 0 0 24503 0 59831 34269 28480 14063 14476 14417 625847 676912 420382 438577 1742115 1567128 29539 54591 21081 75000 50620 129591 X 1068134 905410 290064 198830 333297 333297 1691495 1437537 1742115 1567128 X -257957 3998 1 X X 0 1 X 1 0 X 891216 1527062 1323565 76009 682731 4500583 891216 1527062 1323565 76009 682731 4500583 645100 3855483 3815 3299 2034 2525 5432 17105 137158 83840 109186 140919 176197 647300 5164988 0.74650 0.76180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM FUNDRAISING AND SALES OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 420382 34377 16182 438577 436100 33135 -33848 15005 420382 408144 41440 13484 436100 377172 40741 9769 408144 342698 42132 7658 377172 0.76000 0.24000 1 0 28480 14063 14417 14417 SCHWAB & VANGUARD 676912 F 676912 BENEFICIAL INTEREST IN ENDOWMENT 438577 438577 X 1532177 3998 5492 9490 1522687 -102528 -102528 1420159 1786135 5492 5492 1780643 -102527 -102527 1678116 PART V, LINE 4: THE HORIZONS FOUNDATION MANAGES A PERMANENTLY RESTRICTED AGENCY ENDOWMENT FOR THE CHORUS. A PORTION OF THE EARNINGS FROM THE INVESTED PRINCIPAL ARE DISTRIBUTED ANNUALLY TO SUPPORT THE CHORUS'S OPERATIONS ACCORDING TO A FORMULA, AND THE REMAINDER IS REINVESTED. THE CHORUS MAY ALSO DRAW ON THE ENDOWMENT SHOULD IT LAUNCH A CAPITAL CAMPAIGN IN THE LONG TERM FUTURE. PART X, LINE 2: THE CHORUS HAS ADOPTED ASC 740, INCOME TAXES. UNDER ASC 740, THE CHORUS UTILIZES A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS (TAX CONTIGENCIES). THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. FOR THE YEARS ENDED AUGUST 31, 2016 AND 2015, THERE WERE NO ADDITIONAL LIABILITIES RECORDEDFOR UNRECOGNIZED TAX BENEFITS RELATED TO TAX POSITIONS TAKEN IN THE CURRENT YEAR. THE CHORUS CONSIDERS MANY FACTORS WHEN EVALUATING AND ESTIMATING ITS TAX POSITIONS AND TAX BENEFITS, WHICH MAY REQUIRE PERIODIC ADJUSTMENTS AND WHICH MAY NOT ACCURATELY FORECAST ACTUAL OUTCOMES. IN ACCORDANCE WITH ASC 740, THE CHORUS HAS ELECTED TO INCLUDE INTEREST AND PENALTIES RELATED TO ITS TAX CONTINGENCIES IN INCOME TAX EXPENSE. THERE WERE NO ACCRUALS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AT THE INCEPTION DATE OR FOR THE YEARS ENDED AUGUST 31, 2016 AND 2015. THE CHORUS FILES A FEDERAL AND STATE ANNUAL INFORMATION RETURN. THE CHORUS HAS DETERMINED THAT ITS MAJOR TAX JURISDICTIONS ARE THE UNITED STATES AND CALIFORNIA. THE TAX YEAR 2012 REMAINS OPEN AND SUBJECT TO EXAMINATION BY THE APPROPRIATE GOVERNMENTAL AGENCY IN CALIFORNIA. THE TAX YEARS 2013 THROUGH 2015 REMAIN OPEN AND SUBJECT TO EXAMINATION BY THE APPROPRIATE GOVERNMENTAL AGENCIES IN THE UNITED STATES AND CALIFORNIA. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -102,528. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -102,528. ROUNDING 1. X CRESCENDO 202958 95395 107563 72028 227 2343 27930 OTHER EVENTS 25993 25993 228951 95395 133556 72028 227 2343 27930 102528 31028 FORM 990, PART III, LINE 1 GOLDEN GATE PERFORMING ARTS INC. WAS CREATED BY THE SINGERS AND DEDICATED FRIENDS OF THE SAN FRANCISCO GAY MEN'S CHORUS TO ASSURE THE FINANCIAL HEALTH OF THE CHORUS. GOLDEN GATE PERFORMING ARTS INC. SUPPORTS THE CHORUS SO IT CAN ACHEIVE ITS MISSION OF BRINGING HARMONY TO THE WORLD AND RAISING AWARENESS AND FUNDS FOR THE OTHER CHARITABLE PURPOSES. FORM 990, PART VI, SECTION A, LINE 6 PER THE BYLAWS THERE ARE TWO TYPES OF MEMBERS. SIGNING MEMBERS AND STAFF MEMBERS FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS, MEMBERS CAN ELECT MEMBERSHIP DIRECTORS TO SERVE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON AUDITED FINANCIAL STATEMENTS AND WITH THE ASSISTANCE OF THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW THE FINAL DRAFT OF THE 990. AN ELECTRONIC COPY IS SENT TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. FOR DIRECTORS AND OFFICERS, THE EXECUTIVE DIRECTOR'S OFFICE REQUESTS COMPLETION OF AN ANNUAL DISCLOSURE FORM BY AUGUST 31 FOR ALL DIRECTORS AND OFFICERS. THE EXECUTIVE DIRECTOR ASSURES THAT ALL FORMS HAVE BEEN RECEIVED AND PREPARES A SUMMARY OF DISCLOSURES AND FORWARDS THE FORMS AND SUMMARY TO THE BOARD'S EXECUTIVE COMMITTEE, WHICH REVIEWS THE DISCLOSURES AND MAKES A REPORT TO THE BOARD AT ITS NEXT QUARTERLY MEETING. THE EXECUTIVE DIRECTOR ALSO SENDS THE SUMMARY TO THE EXTERNAL AUDITORS AND TAX PREPARERS FOR DISCLOSURE IN THE ANNUAL TAX FILINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER TOP MANAGEMENT OFFICIALS IS AS FOLLOWS: THE EXECUTIVE PERSONNEL COMMITTEE OF THE BOARD ANNUALLY ASSESSES APPROPRIATE COMPENSATION BY CONDUCTING A PERFORMANCE EVALUATION AND THEN LOOKING AT COMPARATIVE INDEPENDENT SURVEYS AND STUDIES, PRINCIPALLY THE COMPENSATION AND BENEFITS SURVEY PUBLISHED BY THE CENTER FOR NON-PROFIT MANAGEMENT, WHICH SUPPLIES DATA ACROSS THE SECTOR GATHERED FROM MORE THAN 256 NON-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 FOR THE MOST RECENT THREE YEARS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.