2016-05-13T19:24:41-07:00 2015-06-30 990 2014-07-01 941415298 SAN FRANCISCO BALLET ASSOCIATION SANF 4158615600 455 Franklin Street San Francisco CA 94102 Kimberly Carim CFO 4158615600 2016-05-13 2014 2016-08-17 19:52:53Z Glenn McCoy 455 Franklin Street San Francisco CA 94102 49215009 0 X www.sfballet.org X 1933 CA To share the joy of dance and provide the highest caliber of dance training. 66 65 814 857 46280 16652 22554651 20219679 24807986 24468062 -36845 21821 -46738 690519 47279054 45400081 1175505 1124026 0 0 32052027 31274570 171960 126231 2013695 17556034 15531036 50955526 48055863 -3676472 -2655782 58884653 55746757 63671938 64089541 -4787285 -8342784 X As America's oldest professional ballet company and one of the three largest ballet companies in the United States, San Francisco Ballet Association (the Association) has enjoyed a long and rich tradition of artistic "firsts" since its founding in 1933. The mission of the Ballet is to share the joy of dance with its community and around the globe and to provide the highest caliber of dance training in its School. The Ballet seeks to enhance its position as one of the world's finest dance companies through its vitality, innovation, and diversity and through its uncompromising commitment to artistic excellence based in the classical ballet tradition. Guided in its early years by American dance pioneers the brothers Lew, Willam, and Harold Christensen, San Francisco Ballet currently presents more than 100 performances annually, both locally and internationally. 0 1 36875227 0 21839165 Under the direction of Helgi Tomasson for three decades, the Association has achieved an international reputation as one of the preeminent ballet companies in the world. During the fiscal year the Company presented Giselle, Don Quixote, Romeo & Juliet, Nutcracker, world premiere works by Yuri Possokhov and Myles Thatcher, among other repertory works for a total 118 performances in San Francisco and on tour. In July 2014, the company performed in Paris at the Theatre du Chalet. 2821072 834871 2612387 The Association operates the San Francisco Ballet School and a student residence. The Ballet School curriculum is designed and taught by an eminent faculty. It emphasizes a strong classical technique and a flow of movement that suggests a sense of energy, freedom, and joy - reflecting the kind of dancing favored by the Ballet. Girls and boys aged 8 to 18 follow a structured sequence of training stages designed to increase their technical skills, stamina, and discipline in accordance with their age and physical development. The program includes classes in technique, pointe work, pas de deux, men's technique, conditioning, contemporary and character dance and music. Seminars on nutrition and related issues are offered throughout the school year. The Ballet School provides a limited number of tuition and housing scholarships to intermediate and advanced level students based on their financial need or potential to achieve a professional career in ballet. Approximately fifty percent of the dancers in the Ballet received all or part of their training at the Ballet School. Students have also gone on to dance with such companies as English National Ballet, Dutch National Ballet; Royal New Zealand Ballet, Royal Winnipeg Ballet, Vienna Opera Ballet, Hamburg Ballet, Alberta Ballet, New York City Ballet, American Ballet Theatre, Joffrey Ballet, Houston Ballet, Pacific Northwest Ballet, and Boston Ballet, Oregon Ballet Theatre, Washington Ballet, Miami City Ballet, Pittsburgh Ballet Theater, Pennsylvania Ballet, Atlanta Ballet, Ballet West, Ballet Met, North Carolina Dance Theater, Ballet Austin, Smuin Ballet, Ballet San Jose, Milwaukee Ballet, Kansas City Ballet, and Ballet Memphis. The Ballet School also operates summer sessions in San Francisco for professional ballet career-bound students from the U.S. and abroad. 371138 237460 16510 The Association provides dance education programs in schools and the community at large, sometimes in coordination with other community-based organizations. The Dance in Schools and Communities (DISC) is the largest offering targeting youth, and it provides free interactive movement education to approximately 3,000 students in 35 San Francisco Unified School District Elementary Schools each year. Additional programs include after-school programs, a summer dance camp, scholarship programs, adult education, and student matinees. An estimated 25,000 community members are engaged in the Association's education programs annually. 51695 51695 0 The Artists Reserve Fund is established by a collective bargaining agreement between the Ballet and the American Guild of Musical Artists (AGMA), the dancers' and stage managers' union. Each year, a committee of Ballet representatives, artists, and a union representative meet to grant money from the Artists' Reserve Fund to eligible artists to assist with funding for their career transition activities. 0 0 147077 Rental Income - The Association rents out its conference room and studio space. 0 0 145549 Shop Sales of Inventory - The Association operates a Ballet shop on the Mezzanine Level of the Opera House during the season as well as The Ballet Shop online. All proceeds from The Ballet Shop directly benefit San Francisco Ballet. 51695 51695 292626 40119132 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 123 0 1 814 1 1 1 0 0 0 0 1 1 0 0 0 0 X 66 65 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Kimberly Carim 4158615600 455 Franklin Street San Francisco CA 94102 Helgi Tomasson Artistic Director 50 0 X 729956 0 80235 John S Osterweis Chair of the Board 10 2 X X 0 0 0 Chris Hellman Chair Emeritus 0 0 X 0 0 0 Richard C Barker Immediate Past Chair 2 2 X 0 0 0 Margaret G Gill Vice Chair 5 0 X X 0 0 0 James H Herbert II Vice Chair 5 0 X X 0 0 0 Lucy Jewett Vice Chair 5 0 X X 0 0 0 James D Marver Vice Chair 5 5 X X 0 0 0 Christopher P Johns Treasurer 5 0 X X 0 0 0 Carl F Pascarella Vice Chair 5 0 X X 0 0 0 Robert M Smelick Vice Chair 5 0 X X 0 0 0 Diane B Wilsey Vice Chair 5 0 X X 0 0 0 Jennifer J McCall Secretary 5 0 X X 0 0 0 Susan S Briggs Assistant Secretary 2 2 X X 0 0 0 Michael Abramson Trustee 2 0 X 0 0 0 Jola Anderson Trustee 2 0 X 0 0 0 Kristen A Avansino Trustee 2 0 X 0 0 0 Rosemary B Baker Trustee 2 0 X 0 0 0 Karen S Bergman Trustee 2 0 X 0 0 0 Gary Bridge Trustee 2 0 X 0 0 0 Amy Burnett Trustee 2 0 X 0 0 0 Chaomei Chen Trustee 2 0 X 0 0 0 Christine Leong Connors Trustee 2 0 X 0 0 0 David C Cox Trustee 2 0 X 0 0 0 Susan P Diekman Trustee 2 0 X 0 0 0 Suzy Kellems Dominik Trustee 2 0 X 0 0 0 Kate Duhamel Trustee 2 0 X 0 0 0 Sonia H Evers Trustee 2 0 X 0 0 0 Jason M Fish Trustee 2 0 X 0 0 0 Julie A Flynn Trustee 2 0 X 0 0 0 Shelby M Gans Trustee 2 0 X 0 0 0 Joseph C Geagea Trustee 2 0 X 0 0 0 Dr Richard Gibbs Trustee 2 0 X 0 0 0 Thomas E Horn Trustee 2 5 X 0 0 0 Donald F Houghton Trustee 2 0 X 0 0 0 Hiro Iwanaga Trustee 2 0 X 0 0 0 James C Katzman Trustee 2 0 X 0 0 0 Nancy Kukacka Trustee 2 2 X 0 0 0 Yasunobu Kyogoku Trustee 2 0 X 0 0 0 Kelsey Lamond Trustee 2 0 X 0 0 0 Irv H Lichtenwald Trustee 2 0 X 0 0 0 Marie O'Gara Lipman Trustee 2 0 X 0 0 0 Mark G Lopez Trustee 2 0 X 0 0 0 Karla L Martin Trustee 2 0 X 0 0 0 Stephanie Marver Trustee 2 0 X 0 0 0 Alison Mauze Trustee 2 0 X 0 0 0 Marissa Mayer Trustee 2 0 X 0 0 0 Debra M Messemer Trustee 2 0 X 0 0 0 Mary Mewha Trustee 2 0 X 0 0 0 James E Milligan Trustee 2 0 X 0 0 0 Kurt C Mobley Trustee 2 0 X 0 0 0 Christine Russell Trustee 2 0 X 0 0 0 Randee Seiger Trustee 2 0 X 0 0 0 O J Shansby Trustee 2 0 X 0 0 0 Christine E Sherry Trustee 2 0 X 0 0 0 Charlotte Mailliard Shultz Trustee 2 0 X 0 0 0 Karen Sonneborn Trustee 2 0 X 0 0 0 Catherine Slavonia Trustee 2 0 X 0 0 0 David Hooker Spencer Trustee 2 0 X 0 0 0 Fran A Streets Trustee 2 0 X 0 0 0 Arlene H Sullivan Trustee 2 0 X 0 0 0 Judy C Swanson Trustee 2 0 X 0 0 0 Richard J Thalheimer Trustee 2 0 X 0 0 0 Dr Jennifer M Walske Trustee 2 0 X 0 0 0 Miles Archer Woodlief Trustee 2 0 X 0 0 0 Timothy C Wu Trustee 2 0 X 0 0 0 Janice Hansen Zakin Trustee 2 0 X 0 0 0 Rhonda I Zygocki Trustee 2 0 X 0 0 0 Glenn McCoy Executive Director 50 0 X 404986 0 26376 Kimberly Carim Chief Financial Officer 40 10 X 181427 0 13261 Thomas Flynn Director of Development 28 22 X 237847 0 16853 Mary Beth Smith Director of Marketing and Communications 50 0 X 172651 0 13025 Debra Ann Bernard General Manager 50 0 X 170514 0 14948 Martin West Music Director & Principal Conductor 50 0 X 169711 0 13560 Yuan Yuan Tan Principal Dancer 35 0 X 168069 0 26923 Murray Bognovitz Director of Information Technology 50 0 X 154467 0 7571 Pascal Molat Principal Dancer 35 0 X 154083 0 25284 Maria Kochetkova Principal Dancer 35 0 X 154038 0 25279 Gennadi Nedvigin Principal Dancer 35 0 X 141537 0 28098 2839286 0 291413 42 0 1 0 Lenat & Partners Inc 1633 Bayshore Highway 220 Burlingame CA 94010 Advertising 1495215 SD&A Teleservices Inc 5757 West Century Blvd Suite 300 Los Angeles CA 90045 Telefunding and Telemarketing 394560 MoGo Marketing and Media Inc 21 Tamal Vista Blvd Ste 207 Corte Madera CA 94925 Advertising and Marketing 219980 J Riccardo Benavides Event Styling Inc 71 Stevenson St Suite 400 San Francisco CA 94105 Event Planning 200000 McCalls Associates 2525 16th St Suite 311 San Francisco CA 94103 Catering 187318 16 9257 13353281 2235889 4551252 70000 0 1320757 20219679 Performance and Touring 711120 21839165 21839165 0 0 School and Student Housing 711120 2612387 2612387 0 0 Outreach 711120 16510 16510 0 0 0 0 0 0 24468062 23971 0 0 23971 0 0 0 0 26262 0 0 26262 24167 122910 0 0 24167 122910 147077 147077 0 0 1318607 0 1320757 0 -2150 0 -2150 0 0 -2150 1497014 2235889 1738858 -241844 0 -241844 20750 0 20750 0 0 20750 947142 755313 191829 145549 46280 0 Production Filming 711120 225414 0 0 225414 Facility Fee 711120 128164 0 0 128164 Expense Reimbursement 711120 87404 0 0 87404 105463 0 0 105463 546445 45400081 24760688 46280 373434 0 0 1124026 1124026 0 0 0 0 2209869 1492397 576994 140478 88400 88400 0 0 21774200 19172746 1719917 881537 1961106 1919042 25516 16548 3324921 3001558 213434 109929 1916074 1682678 154317 79079 0 0 0 0 93634 73842 19792 0 76600 0 76600 0 0 0 0 0 126231 126231 3198 0 3198 918945 196116 713865 8964 2495103 2489168 5935 0 1085655 794168 137525 153962 471757 19553 441679 10525 584222 584222 0 0 842102 466845 336355 38902 1162389 1113720 28759 19910 0 0 0 0 0 0 0 0 1814441 0 1814441 0 0 0 0 0 3024901 2699892 273581 51428 393740 11391 382349 0 Costumes/Sets/Props 730732 730732 0 0 Dance Medicine 310420 310420 0 0 Catering 251570 6477 8268 236825 Facilities Allocation -9169 1099543 -1182121 73409 1280796 1042196 172632 65968 48055863 40119132 5923036 2013695 3367944 5316632 2403054 701352 2806504 1644505 196488 443624 0 0 0 0 0 0 199427 221547 2506528 1275899 62296884 34562811 29854947 27734073 540066 634506 0 0 0 0 0 0 17009695 17774619 58884653 55746757 5960568 6023313 0 0 6317136 6011138 44510000 44510000 0 0 0 0 0 0 0 0 6884234 7545090 63671938 64089541 X -13052655 -14841198 8265370 6498414 0 0 -4787285 -8342784 58884653 55746757 X -2655782 -18786 0 0 0 -880931 X 0 1 X 1 0 X 20374872 26458103 23571655 22761525 20219679 113385834 0 0 0 0 0 0 0 0 0 0 0 0 20374872 26458103 23571655 22761525 20219679 113385834 7021698 106364136 191374 112595 95615 102982 197310 699876 18770 22635 18468 17688 19152 96713 83063 82439 221044 129779 546445 1062770 115245193 113385834 0.92294 0.9376 X Schedule A, Part II, Line 10 Net rental income, sales of assets other than inventory, settlement proceeds, reimbursements. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174 11275 4939 0 4939 11275 174 174 686250 2881 0 2881 686250 174 174 0 4702 0 4702 0 174 1035814 0 15692 0 1050593 739 174 2318646 652262 77524 0 2000258 12360 1035814 1 0 0 0 1 1 0 4519388 4519388 0 33785274 16039597 17745677 0 0 0 0 0 7618898 5780485 1838413 0 16373324 12742729 3630595 27734073 Due from San Francisco Ballet Endowment Foundation 11266211 Restricted Cash - Swap Collateral Posted 5817191 Bond Issuance Costs 426281 Defined Contribution Plan Assets 264936 17774619 0 Interest Rate Swap Liability 6430828 Postretirement Benefit Obligation 812742 Defined Contribution Plan Liability 264936 Capital Lease Obligation 36584 7545090 X Schedule D, Part V, Line 4 Reserve liquidity for purposes including, but not limited to, meeting collateral posting requirements on the Association's interest rate swap agreement. Schedule D, Part X, Line 2 As required by accounting principles generally accepted in the United States of America (US GAAP), the Ballet has identified and evaluated its significant tax positions for which the statute of limitations remain open and determined that there is no material unrecognized benefit or liability to be recorded. The open tax years are the years ended June 30, 2012 through June 30, 2015 for federal tax purposes and the years ended June 30, 2011 through June 30, 2015 for California tax purposes. There have been no material changes in unrecognized benefits as of June 30, 2015, nor are any material changes anticipated in the twelve months following June 30, 2015. Tax penalties and interest of $1 are classified as tax expense for the year ended June 30, 2015. Europe (including Iceland and Greenland) 0 0 Program Services Ballet Performances 1260503 0 0 1260503 0 0 1 0 0 0 X X X X X X X 1 SD&A Teleservices Inc 5757 West Century Blvd Suite 300 Los Angeles CA 90045 Telefunding 0 41225 15136 26089 Bay Area Arts Marketing Inc 584 Castro Street Suite 473 San Francisco CA 94114 Telefunding 0 308368 110893 197475 349593 126029 223564 CA Opening Night Gala 2759028 1811650 947378 0 0 77996 353511 23850 790835 Fashion Show 311150 114312 196838 0 0 0 63276 0 95773 5 662725 309927 352798 0 0 30314 158521 910 143872 3732903 2235889 1497014 0 0 108310 575308 24760 1030480 1738858 -241844 20750 1 1 20750 0 0 0 0 0 20750 CA 1 0 1 0 0 1 Kimberly Carim 455 Franklin Street San Francisco CA 94102 0 1 18675 Schedule G, Part III, Lines 1-8 The Organization holds a raffle during its annual Fashion Show. The raffle is conducted by volunteers at an off-site location. 1 Tuition Scholarships 337 772432 0 Housing Scholarships 64 244380 0 Student Stipend Scholarships 13 55519 0 Artists' Reserve Fund Scholarships 20 51695 0 Schedule I, Part I, Line 2 The Ballet School provides a limited number of scholarships to intermediate and advanced level students based on their financial need or potential to achieve a professional career in ballet. Students' progress and enrollment is monitored as a routine part of their Ballet School studio work. In addition, the Artist Reserve Fund has been established by collective bargaining agreement for the purpose of enhancing the efforts of the San Francisco Ballet to assist San Francisco Ballet dancers. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Helgi Tomasson Artistic Director 729956 0 0 0 0 0 47708 0 32527 0 810191 0 0 0 Glenn McCoy Executive Director 404986 0 0 0 0 0 16054 0 10322 0 431362 0 0 0 Thomas Flynn Director of Development 237847 0 0 0 0 0 6954 0 9899 0 254700 0 0 0 Kimberly Carim Chief Financial Officer 181427 0 0 0 0 0 5304 0 7957 0 194688 0 0 0 Debra Ann Bernard General Manager 170514 0 0 0 0 0 4686 0 10262 0 185462 0 0 0 Mary Beth Smith Director of Marketing and Communications 172651 0 0 0 0 0 4324 0 8701 0 185676 0 0 0 Martin West Music Director & Principal Conductor 169711 0 0 0 0 0 5619 0 7941 0 183271 0 0 0 Yuan Yuan Tan Principal Dancer 168069 0 0 0 0 0 20123 0 6800 0 194992 0 0 0 Murray Bognovitz Director of Information Technology 154467 0 0 0 0 0 0 0 7571 0 162038 0 0 0 Pascal Molat Principal Dancer 154083 0 0 0 0 0 18484 0 6800 0 179367 0 0 0 Maria Kochetkova Principal Dancer 154038 0 0 0 0 0 18479 0 6800 0 179317 0 0 0 Gennadi Nedvigin Principal Dancer 141537 0 0 0 0 0 18568 0 9530 0 169635 0 0 0 Schedule J, Part I, Line 1a San Francisco Ballet Association requires the Artistic Director to maintain contact with and knowledge of artistic developments in the field of modern dance and ballet, as well as other related art forms. In fulfillment of this responsibility, it is in the Association's interest and the Association requests that the Artistic Director make trips to national dance centers such as New York, or other places as deemed appropriate, and at least one trip to Europe each year. First class air travel is approved for theses business-related travels by the Artistic Director. None of the benefit was treated as taxable compensation. First class air travel for the Artistic Director's spouse, who is an integral part of the Artistic Director's artistic knowledge gathering process, is provided. None of the benefit was treated as taxable compensation. Schedule J, Part II One of the individuals has a postretirement arrangement as part of their employment agreement which provides for salary continuance for a fixed period of time dependent on the number of years served under the agreement and on the absence of certain types of postretirement employment and benefits available to the employee and for employee and spousal health benefits. One of the individuals has a severance provision as part of their employment contract which provides for a severance of six months upon termination without good cause. One or more of the individuals has a severance provision as part of their employment contract which provides for a one-time payment of severance upon non-reengagement of contract. A CA Infrastructure and Econ Development Bank 630304653 2013-06-06 11946000 Refunding of Series 2010 and 2008 Bonds and cover issuance costs 0 0 0 B CA Infrastructure and Econ Development Bank 630304653 2013-06-06 10950500 Refunding of Series 2010 and 2008 Bonds and cover issuance costs 0 0 0 C CA Infrastructure and Econ Development Bank 630304653 2013-06-06 10950500 Refunding of Series 2010 and 2008 Bonds and cover issuance costs 0 0 0 D CA Infrastructure and Econ Development Bank 630304653 2013-06-06 10462705 Refunding of Series 2010 and 2008 Bonds and cover issuance costs 0 0 0 A 12000000 0 11946000 0 0 0 66701 0 0 15449 0 2009 1 0 1 1 B 11000000 0 10950500 0 0 0 75303 0 0 0 0 0 2009 1 0 1 1 C 11000000 0 10950500 0 0 0 75303 0 0 0 0 0 2009 1 0 0 1 D 10005000 0 10462705 0 0 0 71949 0 0 0 0 0 2009 1 0 0 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 1 0 0 0 1 D 0 1 0 0 1 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part I-06/06/2013 11,946,000 CA Infrastructure and Econ Development Bank The 2013 Series A - D issues were used to refund prior bonds which were issued on August 1, 2008 and December 30, 2010. Erik Tomasson Father is Trustee/Artistic Director 83200 Payments for contract services 0 X 58 1320757 Fair Market Value 0 0 1 0 Form 990, Part III, Line 3 Following an assessment of the Association's education programs and staffing, in April 2015 the Center for Dance Education (CDE) and the San Francisco Ballet School were merged into a single department of Education and Training. Moving forward, the CDE nomenclature will be dropped in favor of referencing the Association's educational offerings as just that-Education Programs. Additionally, Dance in School and Communities (DISC) is being used more broadly to encompass the hallmark residency program in the San Francisco Unified School District public schools as well as partnerships with community-based organizations such as the Boys & Girls Clubs of San Francisco and the like. Form 990, Part VI, Section A, Line 2 Trustees James Marver and Stephanie Marver have a family relationship. Form 990, Part VI, Section A, Line 6 Any natural person shall be eligible to be a member of the Association (a "Member") but no legal person which is not a natural person, such as a foundation, trust, corporation or partnership, shall be eligible to be a Member. A natural person may become a Member by making a minimum contribution to the Association, the amount of such minimum contribution to be determined from time to time by resolution of the Board. In the case of a contribution in property, the determination of the Board or a Committee of the Board, Subcommittee, Advisory Committee or other person to whom this responsibility is delegated by the Board, as to the value of the property for membership purposes shall be conclusive. The Board may in its discretion waive the minimum contribution in the case of a person who has made intangible contributions to the Association in the past. The term of each Member as a Member shall commence when the person makes the requisite contribution to the Association (or the contribution is waived) and shall continue for a period of 12 months thereafter, at the expiration of which period it shall expire. Form 990, Part VI, Section A, Line 7a Trustees of the Association are elected by the Members for a term of three years. Form 990, Part VI, Section A, Line 7b Members shall have, in addition to any other rights which may be granted to them under these By Laws or by law, the right to vote (1) for the election of Trustees, (2) on a disposition of all or substantially all of the Association's assets, (3) on a merger of the Association with another corporation, (4) on a dissolution of the Association, (5) on an amendment of the Articles of Incorporation, and (6) on an amendment of these By Laws (unless the By Law amendment is approved by the Board alone in accordance with the terms of the By Laws). Form 990, Part VI, Section B, Line 11b The Association provided a complete copy of this Form 990 to all members of its governing body with a redaction of donor names and addresses from Form 990, Schedule B, at the request of the donor. The Form 990 was reviewed and approved at a meeting of the Audit Committee. Subsequent to that review, the Form 990 was posted on the Association's Trustee intranet website and Trustees were notified in writing of the availability of the Form 990 for their review. Form 990, Part VI, Section B, Line 12c Questionnaires are issued annually to employees, Trustees and others who have an annual reporting requirement under the policy. Responses are monitored and outstanding forms are followed up on until received. Upon receipt, the form is reviewed by the HR Manager (for employees) and the Board Relationships Manager (for Trustees) for any known issues or relationships that need to be highlighted. Forms are further reviewed by the CFO. Matters requiring attention are reported to the Executive Director who may further report the matter to the Board Chair. Persons with a conflict are recused from discussions and do not vote on resolutions that pertain directly to their conflict. Form 990, Part VI, Section B, Line 15 The Association's process for determining the compensation of the Artistic Director, the Executive Director, and the CFO involved analysis of the compensation by the Assessment Committee. The Artistic Director and Executive Director have written employment contracts, the terms of which are approved by the Assessment Committee. Form 990, Part VI, Section C, Line 19 Due to the age of the Organization, Form 1023 is currently unavailable for the general public and the Organization is exempt from the requirement to provide Form 1023, as it was filed prior to the July 15, 1987 requirement date. The Organization currently makes its audited financial statements for the most recent six years available to the public via its website. Form 990, governing documents and conflict of interest policy is also available upon request. Form 990, Part XI, Line 9 Other changes in Net Assets consist of reversals of prior year grants of ($278,739), unrealized loss on interest rate swap of ($589,071), ($15,858) change in post-retirement benefit obligation and $2,737 change in discount. San Francisco Ballet Endowment Foundation 455 Franklin Street San Francisco CA 94102 942747262 Investment of endowment funds CA 501(c)(3) Type 1: 509(a)(3) San Francisco Ballet Association 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 1 1 1 San Francisco Ballet Endowment Foundation e 44510000 Actual Loan Guarantee San Francisco Ballet Endowment Foundation c 4551252 Actual Operating Transfers San Francisco Ballet Endowment Foundation o 512675 Actual Employee Salary, Benefits, Taxes San Francisco Ballet Endowment Foundation p 328816 Actual Expense reimbursements