2017-05-12T19:09:37-05:00 2016-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2015-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES PRESIDENT 4082862600 2017-05-11 1 RANDY G PETERSON CPA P01300203 4082006400 2017-05-11 2015 2021-01-29 14:40:06Z ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 3638503 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 8 581 120 0 0 1282440 1468982 2605788 1782527 51124 42963 79583 66129 4018935 3360601 0 0 0 0 2660361 2171714 0 0 140639 1447757 1118680 4108118 3290394 -89183 70207 1756584 2069936 636561 859859 1120023 1210077 X TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 2990940 1848656 SINCE ITS INCORPORATION IN JUNE 2003, SYMPHONY SILICON VALLEY HAS BECOME ESTABLISHED AS ONE OF THE ANCHOR ARTS PRODUCERS AND MAJOR CULTURAL PLACE-MAKERS IN SILICON VALLEY. IN ADDITION TO ITS CORE CLASSICAL CONCERTS, SSV RESPONDS TO COMMUNITY NEEDS WITH PROGRAMS THAT CONNECT THE ORCHESTRA WITH NEW LISTENERS INCLUDING CHILDFREN AND BY MAKING ITS SKILLS AND RESOURCES AVAILABLE TO OTHER ARTS ORGANIZATIONS. SEE SCHEDULE O FOR MORE DETAIL ON PROGRAM SERVICE ACCOMPLISHMENTSIN 2015-16, THE SYMPHONY SILICON VALLEY ORCHESTRA PERFORMED FOR 40,060 LISTENERS, WHO ATTENDED ITS CORE CLASSICAL CONCERT SERIES, ITS EIGHTH ANNUAL FREE SUMMER POPS FESTIVAL, SYMPHONY SILICON VALLEY CHORALE CONCERTS, ITS SIX-CONCERT SERIES FEATURING FILM CLASSICS ACCOMPANIED BY THE ORCHESTRA, AND CONCERTS IN COLLABORATION WITH OTHER COMMUNITY PRODUCERS.THE SYMPHONY'S 72 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 GUEST CONDUCTORS FROM AROUND THE COUNTRY AND THE WORLD. 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. 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. 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 ENTHUSIASTICALLY TO THE VARIETY OF MUSICAL LEADERSHIP.IN ADDITION TO ITS FREE SUMMER POPS AND IN-THEATER ARTS EXPOSURE PROGRAMS FOR CHILDREN, ITS FILM CONCERT SERIES AND ITS PERFORMANCE COLLABORATIONS, THE SYMPHONY SERVES ITS COMMUNITY BY PROVIDING PRODUCTION SUPPORT FOR LOCAL, TYPICALLY SMALLER ORGANIZATIONS. SSV OFFERS THEM AND THEIR AUDIENCES 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 2015-16, ITS FOURTEENTH YEAR OF PERFORMANCES, THE SYMPHONY:- PERFORMED FOR JUST OVER 40,000 SSV AUDIENCE MEMBERS, PLUS SERVING THE PATRONS OF 17 OTHER COMMUNITY GROUPS.- MOUNTED A SUBSCRIPTION SERIES OF 15 CLASSICAL CONCERTS LED BY CONDUCTORS FROM AMERICA, JAPAN, ITALY AND ARGENTINA. THIS SEASON, ALL WERE RETURNING TO SSV'S PODIUM. FOUR OF THE SEASON'S SIX MAESTROS WERE DRAWN FROM THE SYMPHONY'S CORE CONDUCTOR ROSTER, TWO OF THEM LONGTIME GUESTS ON THE SSV PODIUM AND TWO EXCITING RECENT ADDITIONS (A PROMINENT YOUNG JAPANESE CONDUCTOR AND A SENIOR FIGURE ON THE ENGLISH MUSIC SCENE). - PRODUCED AN ORCHESTRA SEASON OF GIANTS - E,G, BEETHOVEN, SCHUMANN, STRAVINSKY, DVORAK, SCHUBERT, FAURE, PROKOFIEV, SAINT-SAENS, INCLUDING BOTH GREAT STANDARDS AND LESS WELL-KNOWN WORKS -PLUS SOME MUSICAL ADVENTURES. THE 85-VOICE SYMPHONY CHORALE PERFORMED FAURE'S REQUIEM WITH THE ORCHESTRA, A PROGRAM OF WORLD HOLIDAY MUSIC AND A CONCERT OF BAROQUE AND EARLY CLASSICAL WORKS (MUSIC IN THE GREAT CATHEDRALS).- RECEIVED HIGH CRITICAL PRAISE. REVIEWERS WROTE: "IMPRESSIVE THE PLAYING NEARLY FLAWLESS, A MAGNIFICENTLY ANIMATED, VIRTUOSIC AFFAIR;" "(IT) REVEALED JUST HOW SENSITIVE THIS ORCHESTRA IS, HOW CAPABLE OF GRACE, DIGNITY AND EXTRAORDINARY COLORS;" "A POWERFUL, CONVINCING PERFORMANCE WITH ROMANTIC BRIO;" "INTRICATE AND WELL-WROUGHT,' " MOZARTEAN GRACE AND BEAUTY." 'COLORFUL AND IMPRESSIVEBRIGHT, QUIRKY, AND FUN;" "A PERFORMANCE SYMPHONY SILICON VALLEY COULD FAIRLY MEASURE AGAINST ANY ORCHESTRA IN THE COUNTRY." (ALL QUOTES FROM THE MERCURY NEWS & SF CLASSICAL VOICE).- FEATURED A STELLAR LIST OF SOLOISTS, INCLUDING KOREAN VIOLINIST JU YOUNG BAEK ("EXQUISITE SYMMETRY AND REFINEMENT'), PIANISTS NIKOLAI DEMIDENKO ("FLIGHTS OF VIRTUOSIC ARTISTRYA FORCE OF NATURE"), NATASHA PEREMSKY ("UTTERLY BREATHTAKING"), VAN CLIBURN GOLD MEDALIST JON NAKAMATSU ("A GREAT SOLOISTWICKEDLY GOOD PLAYING"), AND CELLIST MARK KOSOWER PLAYING DVORAK ("A VIRTUOSO OF STAGGERING PROWESS").- LAUNCHED THE SEASON WITH SSV'S EIGHTH ANNUAL FREE OUTDOOR SUMMER POPS FESTIVAL. SSV SUMMER POPS IS THE LARGEST FREE MUSIC FESTIVAL IN THE SOUTH BAY, ATTRACTING A FAMILY AUDIENCE OF 16.000 TO 22,OOO THAT REFLECTS SAN JOSE'S RICH DIVERSITY.- 2015-16'S FREE SUMMER PROGRAMS INCLUDED AN ALL-BEETHOVEN SAMPLER; BROADWAY'S LEGENDARY LADIES WITH CHRISTINE ANDREAS; A PRODUCTION OF MARIACHI PERFORMERS; BIG BAND HIT PARADE OF 30'S AND 40'S FAVORITES; AND A CONCERT OF MEMORABLE MOVIE THEMES.- PRODUCED TWO CLASSIC FILMS (THE GODFATHER AND RAIDERS OF THE LOST ARK) ACCOMPANIED BY THE FULL SSV ORCHESTRA. - NEGOTIATED THE RIGHTS TO PRESENT THE 8-FILM HARRY POTTER FILM SERIES WITH ORCHESTRA, BEGINNING IN 2016-17.- THE SYMPHONY'S SIX-CONCERT FILM SERIES CONTINUES TO DRAW YOUNG ADULT AND FAMILY AUDIENCES, INTRODUCING THE IN-PERSON EXCITEMENT OF LIVE ORCHESTRAL MUSIC-MAKING TO LISTENERS THROUGH MUSIC THEY KNOW AND ENJOY IN OTHER FORMATS.- CONTINUED TO EMPHASIZE MUSICAL COLLABORATION, NOTABLY WITH THE CHINESE-AMERICAN COMMUNITY; OUTREACH ACTIVITIES; AND AN ETHIC OF SERVICE.- PRODUCED AND ACCOMPANIED THE CHAN-YU CHORUS AND OTHER CHINESE LANGUAGE CHORUSES IN PERFORMANCES OF XINGHAI'S YELLOW RIVER CANTATA.- PRODUCED AND PERFORMED A CONCERT WITH FRANK SINATRA JR. BENEFITING THE STROKE AWARENESS FOUNDATION.- ACCOMPANIED THE SANTA CLARA UNIVERSITY CHORALE'S SPRING CONCERT.- SUPPORTED MEXICAN HERITAGE CORPORATION'S VIVAFEST WITH SSV'S OUTDOOR POPS VENUE, EQUIPMENT AND PRODUCTION STAFF.- SHARED SYMPHONY THEATER DATES, BOX OFFICE SERVICES AND TECHNICAL ASSISTANCE WITH SIX YOUTH ORCHESTRAS AND CHORUSES, TWO SCHOOLS, AND FOUR ADULT CHOIRS AND DANCE COMPANIES, OFFERING THEM AFFORDABLE THEATER ACCESS.- CO-PRODUCED THE WORLD ASSOCIATION OF SYMPHONY & BAND ENSEMBLES' 14-CONCERT CONVENTION.- ASSISTED 11 COMMUNITY GROUPS BY HIRING AND MANAGING THEIR IN-THEATER PRODUCTION LABOR ON SSV'S UNION CONTRACTS. 2990940 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 37 0 581 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 131000 0 13056 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 220400 0 13056 1 0 0 0 0 230142 1238840 367026 1468982 PERFORMANCE FEES 711130 774670 774670 SINGLE TICKET SALES 711130 504912 504912 SUBSCRIPTION TICKET SA 711130 502945 502945 1782527 44053 44053 276812 277902 -1090 -1090 -1090 HANDLING & FACILITY FE 900099 66129 66129 66129 3360601 1848656 0 42963 241455 119849 49628 71978 1556813 1519613 25699 11501 91271 91271 82797 81570 1789 -562 199378 186509 6096 6773 12195 9725 2470 23005 23005 12931 12931 179187 174701 4486 230421 230062 170 189 51563 38427 8461 4675 7777 5775 948 1054 25302 25302 88358 74812 6430 7116 50443 50443 9446 9446 26560 16468 4780 5312 18616 13389 2476 2751 PRODUCTION EXPENSE 322180 322180 BOX OFFICE - CREDIT CAR 30844 30844 DONOR CULTIVATION/RECOG 29852 29852 3290394 2990940 158815 140639 200 200 109932 70820 130744 131493 38750 21167 6616 44032 283757 130630 166140 153127 1304202 1649097 1756584 2069936 66284 68057 470277 466802 100000 325000 636561 859859 X -384179 -529020 273102 147981 1231100 1591116 1120023 1210077 1756584 2069936 70207 19847 0 X 0 1 X 1 0 X 1293923 1324572 1192609 1282440 1468982 6562526 1293923 1324572 1192609 1282440 1468982 6562526 1435577 5126949 37073 41549 39739 42365 44053 204779 6767305 9552982 0.75760 0.84920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1304202 360016 49879 65000 1649097 1373854 -4652 65000 1304202 1285107 153747 65000 1373854 1253864 96243 65000 1285107 1311827 -1048 56915 1253864 0.96490 0.03510 0 0 210155 91484 118671 73602 39146 34456 153127 X 3393517 19847 26000 45847 3347670 12931 12931 3360601 3303463 26000 26000 3277463 12931 12931 3290394 PART V, LINE 4: SYMPHONY SILICON VALLEY 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 IN 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. 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, 2013 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS OF THE TAX YEARS ENDED JUNE 30, 2012 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 89400 EMPLOYEE 0 X 2 367026 FMV 0 0 0 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 11 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 OCTOBER, 2015. 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.