2016-05-13T15:32:07-05:00 2015-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2014-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES PRESIDENT 4082862600 2016-05-12 1 RANDY G PETERSON CPA P01300203 4082006400 2016-05-12 2014 2016-08-17 19:52:53Z ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 4107510 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 11 10 452 238 0 0 1192609 1282440 1798671 2605788 58911 51124 52013 79583 3102204 4018935 0 0 0 0 2078484 2660361 0 0 131041 1081600 1447757 3160084 4108118 -57880 -89183 1799741 1756584 548160 636561 1251581 1120023 X TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 1 0 3823213 2685371 SINCE INCORPORATING IN JUNE 2003, SSV HAS GROWN INTO 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 CHILDREN, AND BY MAKING ITS SKILLS AND RESOURCES AVAILABLE TO OTHER ARTS ORGANIZATIONS. SEE SCHEDULE O FOR MORE DETAIL ON PROGRAM SERVICE ACCOMPLISHMENTSIN 2014-15, THE SYMPHONY SILICON VALLEY ORCHESTRA PERFORMED FOR 59,100 LISTENERS, WHO ATTENDED THE SYMPHONY'S ANNUAL FREE FIVE-CONCERT TARGET SUMMER POPS FESTIVAL (20,200), ITS CLASSICS CONCERT SERIES (12,720), ORCHESTRA PERFORMANCES WITH OTHER PRODUCERS (2,248), SYMPHONY SILICON VALLEY CHORALE CONCERTS (708), 8 FREE STUDENT CONCERTS (8,712), AND 8 CONCERTS-WITH-FILM (14,531).THE SYMPHONY'S 86 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 ALSO 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. MUSICIANS AND AUDIENCES HAVE RESPONDED ENTHUSIASTICALLY TO THE VARIETY OF MUSICAL LEADERSHIP.PARTNERING WITH THE COUNTY OFFICE OF EDUCATION AND 1STACT SILICON VALLEY (NOW SILICON VALLEY CREATES), THE SYMPHONY DESIGNED AND MANAGES ARTSPARK, A FREE, SEQUENTIAL ARTS EXPOSURE PROGRAM THAT ORGANIZES MULTIPLE ARTS GROUPS TO INTRODUCE 3RD THROUGH 5TH GRADERS TO PROFESSIONAL THEATER, MUSIC AND DANCE PERFORMED AT THEIR BEST. IN ITS FIRST FOUR YEARS, ARTSPARK HAS BROUGHT 86,100 CHILDREN TO PROFESSIONAL PLAYS, ORCHESTRA CONCERTS, AND PERFORMANCES THAT DRAW ON OUR COMMUNITY'S DIVERSE CULTURAL TRADITIONS, ALL IN THEIR HOME VENUES. THE SYMPHONY ALSO PROVIDES MUSICAL AND PRODUCTION SUPPORT FOR MANY OTHER COMMUNITY ORGANIZATIONS, FROM FIVE YOUTH ORCHESTRAS TO SAN JOSE STATE UNIVERSITY. 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 2014-15, ITS THIRTEENTH YEAR OF PERFORMANCES, THE SYMPHONY:- SERVED 59,100 AUDIENCE MEMBERS (NOT INCLUDING 8,881 CHILDREN WHO ATTENDED NON-ORCHESTRA ARTSPARK (EDUCATION) PERFORMANCES PRODUCES BY THE SYMPHONY, AND 70,000 HOCKEY FANS).- MOUNTED A SUBSCRIPTION SERIES OF 15 CLASSICAL CONCERTS LED BY TWO FREQUENT GUESTS ON THE SYMPHONY'S PODIUM, TWO CONDUCTORS INVITED BACK FOLLOWING EARLIER DEBUTS WITH THE SYMPHONY, AND TWO EXCITING FIRST-TIME GUEST MAESTROS. TWO OF THE RELATIVE NEWCOMERS - A PROMINENT YOUNG CONDUCTOR FROM JAPAN AND A SENIOR FIGURE ON THE ENGLISH MUSIC SCENE - HAVE NOW BEEN ADDED TO SSV'S REGULAR LEADERSHIP ROSTER.- PERFORMED PROGRAMS THAT MIXED FAMILIAR AND LESS FAMILIAR CLASSICS, PLUS SOME ADVENTURES. A CHORUS AND HUGE ORCHESTRA COMBINED FOR RACHMANINOFF'S MASSIVE AND RARELY PERFORMED RUSSIAN-LANGUAGE MASTERPIECE, THE BELLS. AN ALL-SHOSTAKOVICH EVENING MINGLING GRAND SYMPHONIC DRAMA WITH LIGHTER-HEARTED WORK WON LISTENERS' CHEERS AND THE CRITICS' PLAUDITS ("AN OUT-SIZED ELOQUENT PERFORMANCE; THE AUDIENCE STILL HADN'T HAD ENOUGH OF SHOSTAKOVICH AND BROUGHT THE ORCHESTRA BACK (FOR AN ENCORE)"). - FEATURED A STELLAR LIST OF SOLOISTS, INCLUDING VIOLINIST MAYUKO KAMIO IN HER THIRD APPEARANCE WITH THE SYMPHONY ('SHE THRILLED HER AUDIENCE - AND THE MEMBERS OF THE ORCHESTRA, WHO LOOKED GIDDY WHEN IT WAS OVER'), SSV'S OWN PRINCIPAL VIOLIST, CELLIST JULIAN SCHWARZ, A SUPERSTAR IN THE MAKING, AND THREE EXTRAORDINARY PIANISTS - JEFFREY KAHANE, VAN CLIBURN GOLD MEDALIST JON NAKAMATSU, AND STEPHEN PRUTSMAN - EACH OF WHOM EARNED TRIUMPHANT RECEPTIONS.- LAUNCHED THE SEASON WITH SSV'S ANNUAL ALL-FREE OUTDOOR FESTIVAL, TARGET SUMMER POPS, WHICH DRAWS THE SYMPHONY'S MOST DIVERSE AUDIENCE OF THE YEAR. PROGRAMS INCLUDED AN EVENING OF LIGHT CLASSICS, OPERA POPS IN COLLABORATION WITH OPERA SAN JOSE, THE FAMED MARIACHI SOL DE MEXICO, A NATIONALLY KNOWN BEATLES BAND BACKED BY SSV, AND A CONCERT OF COLE PORTER FAVORITES. TARGET SUMMER POPS IS THE LARGEST FREE MUSIC FESTIVAL IN THE SOUTH BAY, DRAWING A HAPPY AND DIVERSE FAMILY AUDIENCE OF 20,100 IN 2014-15.- FUNDED, PRODUCED AND MANAGED THE FOURTH YEAR OF ARTSPARK, A MULTI-DISCIPLINARY ARTS EXPOSURE PROGRAM FOR THE CHILDREN OF SANTA CLARA COUNTY. 17,600 STUDENTS (40% OF THE COUNTY'S 3RD AND 4TH GRADERS) FROM 21 OF 26 COUNTY SCHOOL DISTRICTS ATTENDED THEATER AND MUSIC EVENTS. OVER HALF THE ATTENDING SCHOOLS WERE TITLE ONE. THE SYMPHONY'S OWN EDUCATION CONCERTS, FEATURING THE ORCHESTRA AND MARIACHI SOL DE MEXICO, SERVED 8,700 CHILDREN AND WON STELLAR TEACHER EVALUATIONS. ALL ARTSPARK PERFORMANCES, BUS TRANSPORTATION AND CLASS MATERIALS WERE PROVIDED FREE TO SCHOOLS AND STUDENTS.- PRODUCED TWO CONCERT-PLUS-FILM SHOWINGS OF FANTASIA, FOLLOWED BY TWO CONCERT SHOWINGS OF THE FULL FILM TRILOGY LORD OF THE RINGS, ACCOMPANIED LIVE BY SYMPHONY SILICON VALLEY PLUS ADULT AND BOYS' CHOIRS - 250 MUSICIANS IN ALL. THESE WERE THE FIRST AND TO DATE ONLY PRESENTATIONS OF THE COMPLETE TRILOGY IN THE UNITED STATES ACCOMPANIED BY AN AMERICAN ORCHESTRA. OVER 12,000 PEOPLE CAME FROM 20 STATES TO ATTEND THE SIX PERFORMANCES. THE EXPERIENCE OF HOWARD SHORE'S MUSIC PERFORMED LIVE THROUGHOUT EACH 3-PLUS HOUR FILM WAS A MATCHLESS OUTREACH TO A NEW, YOUNGER AUDIENCE FOR ORCHESTRAL MUSIC. - CONTINUED TO EMPHASIZE COMMUNITY COLLABORATIONS AND EVENTS, OUTREACH, AND AN ETHIC OF SERVICE. IN 2014-15 THE SYMPONY PROVIDED ITS SUMMER POPS VENUE, EQUIPMENT AND PRODUCTION STAFF FOR MEXICAN HERITAGE CORPORATION'S VIVAFEST CELEBRATION; PERFORMED WITH THE MUSIC OF LED ZEPPELIN AND THE SANTA CLARA CHORALE, AND OPENED THE NATIONAL HOCKEY LEAGUE'S NATIONALLY TELEVISED GAME AT LEVI STADIUM; SHARED SYMPHONY THEATER DATES AND PROVIDED BOX OFFICE AND TECHNICAL ASSISTANCE THAT GAVE A DOZEN SMALLER PERFORMANCE GROUPS AFFORDABLE ACCESS TO THE SYMPHONY'S SUPERLATIVE PERFORMANCE HALL, BENEFITING THEIR ARTISTS AND AUDIENCES; ASSISTED GROUPS FROM THE CITY OF SAN JOSE TO SILICON VALLEY BALLET WITH HIRING UNION PRODUCTION STAFF; AND MANAGED THE COLLABORATION AMONG CHILDREN'S MUSICAL THEATRE, MARIACHI SOL DE MEXICO, AND SYMPHONY SILICON VALLEY THAT PRODUCED 17 FREE PERFORMANCES FOR 3RD AND 4TH GRADERS. 3823213 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 0 0 0 0 0 0 0 0 0 1 36 0 452 1 0 0 0 0 0 0 0 0 0 0 X 11 10 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 12585 PETER CARTWRIGHT CHAIR 2.00 X X 0 0 0 RALPH SWANSON SECRETARY 2.00 X X 0 0 0 LOU TERSINI - TO 063014 TREASURER 2.00 X X 0 0 0 RICHARD CONNIFF TRUSTEE 2.00 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 MARYLES CASTRO - TO 073114 TRUSTEE 2.00 X 0 0 0 MARTHA SANFORD - FROM 070114 BOARD TREASURER 2.00 X X 0 0 0 JENNIFER WATKINS GENERAL MANAGER 40.00 X 89400 0 0 220400 0 12585 1 0 0 0 0 158880 1123560 12930 1282440 SINGLE TICKET SALES 711130 1174664 1174664 PERFORMANCE FEES 711130 821331 821331 SUBSCRIPTION TICKET SA 711130 533521 533521 ORCHESTRA PERFORMANCE 711300 76272 76272 2605788 42365 42365 97334 88575 8759 8759 8759 HANDLING & FACILITY FE 900099 79583 79583 79583 4018935 2685371 0 51124 235160 115442 48684 71034 1948138 1912401 31339 4398 133804 133804 91818 86793 2527 2498 251441 239250 6280 5911 150 150 18524 524 18000 13401 13401 186210 182940 3270 285215 284621 306 288 58049 42819 11208 4022 5328 3570 906 852 37550 37550 106779 96213 5443 5123 68246 67403 843 5555 5555 23452 15713 3987 3752 16296 12481 1965 1850 PRODUCTION EXPENSE 545784 545784 BOX OFFICE - CREDIT CAR 45905 45905 DONOR CULTIVATION/RECOG 31313 31313 4108118 3823213 153864 131041 198 200 154022 109932 31988 130744 52891 38750 32365 6616 270210 104070 154423 166140 1373854 1304202 1799741 1756584 50961 66284 497199 470277 100000 548160 636561 X -322273 -384179 342754 273102 1231100 1231100 1251581 1120023 1799741 1756584 -89183 -42375 0 X 0 1 X 1 0 X 1014638 1293923 1324572 1192609 1282440 6108182 1014638 1293923 1324572 1192609 1282440 6108182 750256 5357926 40378 37073 41549 39739 42365 201104 6309286 9211235 0.84920 0.81210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1373854 -4652 65000 1304202 1285107 153747 65000 1373854 1253864 96243 65000 1285107 1311827 -1048 56915 1253864 1239538 162289 90000 1311827 0.94000 0.06000 0 0 196608 76019 120589 73602 28051 45551 166140 X 3991839 -42375 28680 -13695 4005534 13401 13401 4018935 4123397 28680 28680 4094717 13401 13401 4108118 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, 2012 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS OF THE TAX YEARS ENDED JUNE 30, 2011 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 89400 EMPLOYEE 0 FORM 990, PART III, LINE 2 AFTER 13-14'S INITIAL FORAY INTO PRESENTING FILM WITH LIVE ORCHESTRA, SSV'S MOST AMBITIOUS UNDERTAKING FOR 2014-15 WAS A DOUBLE PRESENTATION OF THE FILM TRILOGY LORD OF THE RINGS, ACCOMPANIED BY SYMPHONY SILICON VALLEY PLUS ADULT AND BOYS' CHOIRS. THIS WAS THE FIRST AND SO FAR ONLY PRESENTATION OF THE FULL TRILOGY IN THE UNITED STATES ACCOMPANIED BY AN AMERICAN ORCHESTRA. HOWARD SHORE'S SCORE REQUIRED 250 MUSICIANS, WHO FOLLOWED MULTIPLE INDEPENDENT REHEARSALS WITH 14 ORCHESTRA AND 9 CHOIR REHEARSALS LED BY THE FILM CONDUCTOR. AFTER A PRODUCTION AND MARKETING MARATHON THAT OCCUPIED MUCH OF THE EARLY SPRING,12,000 PEOPLE FROM 20 STATES ATTENDED THE SIX PERFORMANCES. 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.