2015-05-14T17:09:49-05:00 2014-06-30 946214841 ARMANINO LLP 55 ALMADEN BLVD SUITE 600 SAN JOSE CA 951131605 990 2013-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 S 1ST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES PRESIDENT 4082862600 2015-05-14 1 RANDY G PETERSON CPA P01300203 4084941200 2015-05-14 2013 2016-02-25 16:41:14Z X ANDREW R BALES 325 S 1ST STREET NO 160 SAN JOSE CA 95113 3346932 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 10 9 409 185 0 0 1324572 1192609 1526951 1798671 63615 58911 108381 52013 3023519 3102204 0 0 0 0 1902587 2078484 0 0 132778 1022427 1081600 2925014 3160084 98505 -57880 1736685 1799741 535302 548160 1201383 1251581 X TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 2879331 1850684 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 2013-14, SYMPHONY SILICON VALLEY PERFORMED FOR 74,900 LISTENERS WHO ATTENDED ITS CLASSICS CONCERT SERIES, THE SYMPHONY'S ANNUAL FREE TARGET SUMMER POPS FESTIVAL, SYMPHONY SILICON VALLEY CHORALE CONCERTS, 8 FREE STUDENT CONCERTS, A 6-CONCERT FILM SERIES WITH LIVE MUSIC, AND ORCHESTRA PERFORMANCES WITH FIVE OTHER PRODUCERS INCLUDING BALLET SAN JOSE FOR AUDIENCES TOTALING 25,950. THE SYMPHONY'S 100 SERVICES WERE AMONG THE MOST OFFERED TO PLAYERS 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 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 SAN JOSE (NOW SILICON VALLEY CREATES), THE SYMPHONY DESIGNED AND MANAGES ARTSPARK, A FREE ARTS EXPOSURE PROGRAM FOR 3RD THROUGH 5TH GRADERS THAT ORGANIZES THE RESOURCES OF MULTIPLE ARTS GROUPS WITH THE LONG TERM GOAL OF REACHING EVERY CHILD IN THE COUNTY. IN ITS FIRST THREE YEARS, ARTSPARK HAS BROUGHT 68,500 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 2013-14, ITS TWELFTH YEAR OF PERFORMANCES, THE SYMPHONY:- PLAYED FOR ALMOST 75,000 AUDIENCE MEMBERS, A SINGLE SEASON SYMPHONY RECORD. - MOUNTED A SUBSCRIPTION SERIES OF 15 CLASSICAL CONCERTS LED BY THREE REGULAR GUESTS ON THE SYMPHONY PODIUM, A RENOWNED PUERTO RICO-BORN VIOLINIST/CONDUCTOR, AND THREE EXCITING NEWCOMERS TO THE ORCHESTRA FROM ITALY, ARGENTINA AND GERMANY. REVIEWERS WROTE: 'SONICALLY RICH, EARTHY AND PASSIONATE, THE ORCHESTRA'S PERFORMANCE WAS A PLEASURE,' 'THE ORCHESTRA SOUNDED GREAT, FULL OF DUSKY COLORS,' "OVATION-INSPIRING,' 'A POLISHED, SAVVY READING, DETAILED AND EXUBERANT,' 'AN EXCITING, WHEELS-TURNING PERFORMANCE,' '(A) VARIED AND IMAGINATIVE PROGRAM,' '(THE) ELECTRIC PROGRAM... ELICITED THE LOUDEST OVATION THIS REVIEWER EVER HAS HEARD AT THE CALIFORNIA THEATRE,' AND MORE GENERALLY, 'SYMPHONY SILICON VALLEY HAS A WAY OF STEPPING OUTSIDE THE BOX.' - INTRODUCED THE LEGENDARY WILLIAM KRAFT'S REVISION OF HIS TIMPANI CONCERTO NO. 2, PERFORMED BY THE TIMPANIST FOR WHOM IT WAS WRITTEN, AND THE NORTH AMERICAN PREMIERE OF A CONCERTO FOR BANDONEON, PERFORMED BY THE JUAN PABLO JOFRE, THE COMPOSER.- FEATURED A STELLAR LIST OF SOLOISTS, INCLUDING VIOLINIST MAYUKO KAMIO IN HER SECOND APPEARANCE WITH THE SYMPHONY ('HER THRILLING PERFORMANCE...LEFT HER AUDIENCE ON ITS FEET, CHEERING'), THE NOBILIS PIANO TRIO ('A DASHING AND EMOTIONAL PERFORMANCE; MEMORABLE'), BANDONEONISTA J.P JOFRE ('AN EXPLOSIVELY TALENTED PERFORMER AND COMPOSER'), VAN CLIBURN GOLD MEDALIST JON NAKAMATSU. ('HIS PLAYING...KEPT THIS LISTENER ON THE EDGE OF HIS SEAT'), AND THE SYMPHONY'S PRINCIPAL BASSOONIST DEBORAH KRAMER ('...A SUPERB PLAYER - OPERATIC'). (ALL QUOTES FROM SAN JOSE MERCURY NEWS 2013-14)- FUNDED, PRODUCED AND MANAGED THE THIRD YEAR OF ARTSPARK, THE SYMPHONY'S MULTI-DISCIPLINARY ARTS EXPOSURE PROGRAM FOR THE CHILDREN OF SANTA CLARA COUNTY. 18,700 STUDENTS (40% OF THE COUNTY'S 3RD AND 4TH GRADERS) FROM 21 OF 26 COUNTY SCHOOL DISTRICTS ATTENDED PROFESSIONAL QUALITY THEATER AND MUSIC EVENTS MOUNTED BY THREE ARTS PROVIDERS. THE SYMPHONY'S OWN ALL-ORCHESTRA EDUCATION CONCERTS SERVED OVER 8,000 CHILDREN. ALL ARTSPARK PERFORMANCES, BUS TRANSPORTATION AND CLASS MATERIALS WERE PROVIDED AT NO CHARGE.- PRESENTED THE 6TH SEASON OF TARGET SUMMER POPS, THE SYMPHONY'S POPULAR FREE SUMMER FESTIVAL. ITS FIVE OUTDOOR CONCERTS INCLUDED LIGHT CLASSICS; THEMES AND SONGS FROM CLASSIC WESTERNS; THE SWING REVIVAL BAND BIG BAD VOODOO DADDY; SIMPLY SINATRA, WITH HEADLINER STEVE LIPPIA; AND JOHN WILLIAMS' MUSIC FOR THE STAR WARS FILM SAGA. TARGET SUMMER POPS IS THE LARGEST FREE MUSIC FESTIVAL IN THE SOUTH BAY, DRAWING A HAPPY AND DIVERSE FAMILY AUDIENCE OF 22,500 IN 2013-14.- MOUNTED A SUCCESSFUL RUN OF BUGS BUNNY AT THE SYMPHONY, WITH THE BELOVED WARNER BROS CLASSICS ACCOMPANIED BY THE FULL SYMPHONY ORCHESTRA.- CONTINUED TO EMPHASIZE COMMUNITY COLLABORATIONS, OUTREACH, AND AN ETHIC OF SERVICE. THE SYMPHONY ORCHESTRA ACCOMPANIED THE BALLET IN THREE PRODUCTIONS, PRODUCED AND ANCHORED MEXICAN HERITAGE CORP'S VIVAFEST! OPENING CONCERT, AND PROVIDED THE PUBLIC AND GALA ENTERTAINMENT TO OPEN SAN JOSE'S NEWLY RENOVATED CONVENTION CENTER. SYMPHONY SILICON VALLEY STAFF PROVIDED BOX OFFICE AND TECHNICAL ASSISTANCE THAT GAVE 14 SMALLER PERFORMANCE GROUPS AFFORDABLE ACCESS TO THE SYMPHONY'S SUPERLATIVE PERFORMANCE HALL, BENEFITING BOTH THEIR ARTISTS AND THEIR AUDIENCES. SYMPHONY STAFF ALSO PRODUCED AND MANAGED THE COLLABORATION AMONG SAN JOSE REPERTORY THEATRE, SAN JOSE TAIKO AND SYMPHONY SILICON VALLEY THAT PRODUCED 27 FREE IN-THEATER PERFORMANCES FOR 3RD AND 4TH GRADERS. 2879331 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 41 0 409 1 0 0 0 0 0 0 0 0 0 0 X 10 9 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 122250 0 10830 PETER CARTWRIGHT CHAIR 2.00 X X 0 0 0 RALPH SWANSON SECRETARY 2.00 X X 0 0 0 LOU TERSINI 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 TRUSTEE 2.00 X 0 0 0 JENNIFER WATKINS GENERAL MANAGER 40.00 X 89400 0 0 211650 0 10830 1 0 0 0 0 185596 1007013 16163 1192609 PERFORMANCE FEES 711130 833393 833393 SUBSCRIPTION TICKET SA 711130 488619 488619 SINGLE TICKET SALES 711130 476659 476659 1798671 39739 39739 263900 244728 19172 19172 19172 HANDLING & FACILITY FE 900099 52013 52013 52013 3102204 1850684 0 58911 229012 111138 47762 70112 1500195 1456135 34036 10024 93221 93221 68736 65828 2410 498 187320 175779 5945 5596 1778 1778 17000 17000 13242 13242 232071 228769 3302 225387 224550 431 406 35275 25006 7046 3223 8138 5484 1367 1287 16726 16726 101939 91913 5165 4861 41248 40939 309 6631 6631 20437 17271 1631 1535 16740 13444 1698 1598 PRODUCTION EXPENSE 277647 277647 BOX OFFICE - CREDIT CAR 33703 33703 DONOR CULTIVATION/RECOG 33638 33638 3160084 2879331 147975 132778 198 198 35903 154022 141246 31988 122595 52891 44908 32365 235041 80618 106728 154423 1285107 1373854 1736685 1799741 110793 50961 424509 497199 535302 548160 X -333724 -322273 304007 342754 1231100 1231100 1201383 1251581 1736685 1799741 -57880 108078 0 X 0 1 X 1 0 X 1285382 1014638 1293923 1324572 1192609 6111124 1285382 1014638 1293923 1324572 1192609 6111124 985070 5126054 42558 40378 37073 41549 39739 201297 6312421 8212822 0.81210 0.82090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1285107 153747 65000 1373854 1253864 96243 65000 1285107 1311827 -1048 56915 1253864 1239538 162289 90000 1311827 1250989 48549 60000 1239538 0.89610 0.10390 0 0 164127 61456 102671 70914 19162 51752 154423 X 3214590 108078 17550 125628 3088962 13242 13242 3102204 3164392 17550 17550 3146842 13242 13242 3160084 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, 2011 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS OF THE TAX YEARS ENDED JUNE 30, 2010 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 89400 EMPLOYEE 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 COMPENSATION WAS REVIEWED IN FALL OF 2013 AND THE GENERAL MANAGER'S COMPENSATION IN SUMMER OF 2013. 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.