2015-05-15T13:13:44-07:00 2014-06-30 990 2013-07-01 941415298 SAN FRANCISCO BALLET ASSOCIATION SANF 4158615600 455 Franklin Street San Francisco CA 94102 Kimberly Carim CFO 4158615600 2015-05-15 2013 2016-03-07 17:11:31Z Glenn McCoy 455 Franklin Street San Francisco CA 94102 51929551 0 X www.sfballet.org X 1933 CA To share the joy of dance and provide the highest caliber of dance training. 62 57 809 648 43770 17688 23571655 22554651 22655917 24807986 27516 -36845 -743989 -46738 45511099 47279054 949273 1175505 0 0 29916190 32052027 194015 171960 2162850 18003488 17556034 49062966 50955526 -3551867 -3676472 60777074 58884653 61264999 63671938 -487925 -4787285 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 0 39130632 0 22147216 Under the direction of Helgi Tomasson for almost 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, Cinderella, Nutcracker, world premiere works by Helgi Tomasson, Liam Scarlett and Val Caniparoli, and the West Coast premiere of Alexei Ratmansky's Shostakovich Trilogy (a co-production with American Ballet Theatre), among other repertory works for a total of 107 performances in San Francisco and on tour. In October 2013, the company performed at New York's Lincoln Center at the David H. Koch Theater. 2985498 858171 2648295 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, 753661 262800 12475 The Center for Dance Education "CDE", a department of the Ballet, was formed in 2001 to coordinate the Ballet's community outreach and education programs. The CDE operates 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 of CDE's offerings and provides free interactive movement education to approximately 3,500 students in 36 San Francisco Unified School District Elementary Schools each year. Additional programs include after-school programs, a summer dance camp, scholarship programs, adult education, and community matinees. An estimated 25,000 community members are engaged by the department annually. 54534 54534 0 Artists Reserve Fund - 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 54440 Rental Income - The Association rents out its conference room and studio space. 0 0 177345 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. 54534 54534 231785 42924325 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 1 1 0 0 0 0 1 1 1 0 0 1 128 0 1 809 1 1 1 0 0 0 0 1 1 0 0 0 0 X 62 57 0 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 674319 0 112103 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 Christopher P Johns Treasurer 5 0 X X 0 0 0 James D Marver Vice Chair 5 5 X X 0 0 0 Carl F Pascarella Vice Chair 5 0 X X 0 0 0 Robert M Smelick Vice Chair 5 2 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 Amy Burnett Trustee 2 0 X 0 0 0 Chaomei Chen Trustee 2 0 X 0 0 0 David C Cox Trustee 2 0 X 0 0 0 Timothy D Dattels 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 Peter E Engel 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 J Stuart Francis Trustee 2 2 X 0 0 0 Shelby M Gans Trustee 2 0 X 0 0 0 Dr Richard Gibbs Trustee 2 0 X 0 0 0 Alicia Carew Hammarskjold 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 James C Katzman Trustee 2 0 X 0 0 0 Nancy Kukacka Trustee 2 0 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 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 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 Fran A Streets 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 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 382917 0 20368 Kimberly Carim Chief Financial Officer 40 10 X 168922 0 10575 Thomas Flynn Director of Development 28 22 X 224884 0 13421 Martin West Music Director & Principal Conductor 50 0 X 169375 0 11326 Debra Ann Bernard General Manager 50 0 X 162706 0 16178 Mary Beth Smith Director of Marketing and Communications 50 0 X 162678 0 9043 Yuan Yuan Tan Principal Dancer 35 0 X 161394 0 25909 Anne-Sophie Sylve Principal Dancer 35 0 X 155960 0 23674 Vanessa Zahorian Principal Dancer 35 0 X 150973 0 24698 Murray Bognovitz Director of Information Technology 50 0 X 145984 0 7559 Pascal Molat Principal Dancer 35 0 X 143558 0 28995 2703670 0 303849 42 0 1 0 Lenat & Partners Inc 1633 Bayshore Highway 220 Burlingame CA 94010 Advertising 1550644 i-de-as The Special Events Co Inc 761 Montague Street San Leandro CA 94577 Event Decor 627892 Serino Coyne LLC 1515 Broadway 36th FL New York NY 10036 Advertising 611714 SD&A Teleservices Inc 5757 West Century Blvd Suite 300 Los Angeles CA 90045 Telefunding and Telemarketing 436702 McCalls Associates 2525 16th Street Suite 311 San Francisco CA 94103 Catering 368859 15 20547 14415877 2446304 4796373 870500 5050 2406280 22554651 Performance and Touring 711120 22147216 22147216 0 0 School and Student Housing 711120 2648295 2648295 0 0 Outreach 711120 12475 12475 0 0 0 0 0 0 24807986 19739 0 0 19739 0 0 0 0 28803 0 0 28803 23923 30517 0 0 23923 30517 54440 54440 0 0 2169120 0 2225704 0 -56584 0 -56584 0 0 -56584 1189395 2446304 1687120 -497725 0 -497725 16850 0 16850 0 0 16850 958788 737673 221115 177345 43770 0 Expense Reimbursement 711120 129779 0 0 129779 0 0 0 0 129779 47279054 25039771 43770 -359138 0 1175505 1175505 0 0 0 0 2084854 1407245 546137 131472 88400 88400 0 0 21407070 18878475 1637502 891093 2004417 1939026 45670 19721 4569659 4002973 368372 198314 1897627 1665428 150361 81838 0 0 0 0 154962 89146 65816 0 112850 0 112850 0 0 0 0 0 171960 171960 3919 3919 0 1659034 937663 719059 2312 3363473 3360669 2804 0 1163874 824761 183903 155210 441688 20299 420389 1000 705799 705799 0 0 1040984 625787 381621 33576 1003285 816686 172657 13942 0 0 0 0 0 0 0 0 1743402 0 1743402 0 0 0 0 0 2610600 2275334 286017 49249 364867 5003 359864 0 Costumes/Sets/Props 1191294 1191294 0 0 Dance Medicine 307175 307175 0 0 Catering 265381 2772 11388 251221 Facilities Allocation -10485 1283750 -1380093 85858 1433932 1321135 36713 76084 50955526 42924325 5868351 2162850 4908418 3367944 1156191 2403054 4071470 2806504 238862 196488 0 0 0 0 0 0 298376 199427 1344788 2506528 61721276 31866329 32044381 29854947 519981 540066 0 0 0 0 0 0 16194607 17009695 60777074 58884653 4289170 5960568 0 0 5972025 6317136 44510000 44510000 0 0 0 0 0 0 0 0 6493804 6884234 61264999 63671938 X -12866890 -13052655 12378965 8265370 0 0 -487925 -4787285 60777074 58884653 X -3676472 7721 0 0 0 -630609 X 0 1 X 1 0 X 19471848 20374872 26458103 23571655 22761525 112638003 19471848 20374872 26458103 23571655 22761525 112638003 5897399 106740604 36714 191374 112595 95615 102982 539280 9512 18770 22635 18468 17688 87073 62381 83063 82439 221044 129779 578706 113843062 112638003 0.93761 0.915 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 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 2245530 40000 33116 0 0 0 2318646 1 0 0 0 1 1 0 4519388 4519388 0 33769614 15006962 18762652 0 0 0 0 0 7539363 5558990 1980373 0 15892911 11300377 4592534 29854947 Due from San Francisco Ballet Endowment Foundation 11296969 Restricted Cash - Swap Collateral Posted 4897191 Bond Issuance Costs 444748 Defined Contribution Plan Assets 201151 Asset Held for Sale 169636 17009695 0 Interest Rate Swap Liability 5839858 Postretirement Benefit Obligation 796884 Defined Benefit Plan Liability 201152 Capital Lease Obligation 46340 6884234 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, 2011 through June 30, 2014 for federal tax purposes and the years ended June 30, 2010 through June 30, 2014 for California tax purposes. There have been no material changes in unrecognized benefits as of June 30, 2014, nor are any material changes anticipated in the twelve months following June 30, 2014. Tax penalties and interest of $1 are classified as tax expense for the year ended June 30, 2014. Central America and the Caribbean Investments 117311 0 0 117311 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 329611 171960 157651 329611 171960 157651 CA Opening Night Gala 2599295 1993800 605495 0 0 76980 299280 20560 723894 Fashion Show 387567 194850 192717 0 0 0 63214 315 138680 3 648837 257654 391183 0 0 29389 190291 1000 143517 3635699 2446304 1189395 0 0 106369 552785 21875 1006091 1687120 -497725 16850 1 1 16850 0 0 0 0 0 16850 CA 1 0 1 0 0 1 Kimberly Carim 455 Franklin Street San Francisco CA 94102 0 1 15165 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 352 812057 0 Housing scholarships 68 265601 0 Student Stipend Scholarships 11 43313 0 Artists' Reserve Fund Scholarships 29 54534 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 0 0 0 0 0 0 0 0 0 Helgi Tomasson Artistic Director 674319 0 0 0 0 0 81780 0 30323 0 786422 0 0 0 Glenn McCoy Executive Director 382917 0 0 0 0 0 10549 0 9818 0 403284 0 0 0 Thomas Flynn Director of Development 224884 0 0 0 0 0 4103 0 9318 0 238305 0 0 0 Kimberly Carim Chief Financial Officer 168922 0 0 0 0 0 2621 0 7954 0 179497 0 0 0 Debra Ann Bernard General Manager 162706 0 0 0 0 0 6031 0 10146 0 178883 0 0 0 Mary Beth Smith Director of Marketing and Communications 162678 0 0 0 0 0 0 0 9043 0 171721 0 0 0 Martin West Music Director & Principal Conductor 169375 0 0 0 0 0 3353 0 7973 0 180701 0 0 0 Yuan Yuan Tan Principal Dancer 161394 0 0 0 0 0 19112 0 6797 0 187303 0 0 0 Anne-Sophie Sylve Principal Dancer 155960 0 0 0 0 0 16877 0 6797 0 179634 0 0 0 Vanessa Zahorian Principal Dancer 150973 0 0 0 0 0 17901 0 6797 0 175671 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 these 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. First Republic Bank Board of Trustees Vice-Chair of Board 4750000 Letters of credit on Bonds 0 JPMorgan Chase Bank NA Board of Trustees Vice-Chair of Board 3752663 Payment on Swap Transactions 0 First Republic Bank Board of Trustees Vice-Chair of Board 875996 Loan interest payments and Fees 0 Pacific Gas and Electric Trustee is President of PG&E 184090 Payment of Utilities 0 Erik Tomasson Father is Trustee/Artistic Director 88400 Payments for contract services 0 Schedule L, Part IV As part of the utilities paid to Pacific Gas and Electric (PG&E), $2,439 was paid as part of a loan agreement with the Association and PG&E for energy upgrades made to the facility as part of one of PG&E's applicable rebate or incentive programs. The Association qualified for the loan by submitting an application through the appropriate channels and not through preferential treatment. X 58 2225704 Fair Market Value X 1 169636 Fair Market Value X Equipment 1 10940 Fair Market Value 1 0 1 1 Schedule M, Part I, Line 15 Contribution bequest of a remainder interest in a personal residence. Schedule M, Part I, Lines 25-28 The Association received donated equipment in the amount of $10,940. Schedule M, Part I, Line 32b The Association received a contribution bequest of a remainder interest in a personal residence. The Association used a third party to process and sell the noncash contribution. Form 990, Part III, Line 4b Pacific Northwest Ballet, 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. 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 Relations 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 $(373,836), unrealized loss on interest rate swap of $(139,646) and $(117,127) change in post-retirement benefit obligation. San Francisco Ballet Endowment Foundation 455 Franklin Street San Francisco CA 94102 942747262 Investment of endowment funds CA 501(c)(3) Type I: 509(a)(3) San Francisco Ballet Association 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 1 1 San Francisco Ballet Endowment Foundation d 44510000 Actual Loan Guarantee San Francisco Ballet Endowment Foundation c 4796373 Actual Operating Transfers San Francisco Ballet Endowment Foundation o 540834 Actual Employee Salary, Benefits, Taxes San Francisco Ballet Endowment Foundation p 434489 Actual Expense reimbursements Additional time required to compile information necessary for a complete and accurate return.