2014-05-14T16:33:38-05:00 2013-06-30 942763139 BERGER LEWIS ACCOUNTANCY CORP 55 ALMADEN BLVD STE 600 SAN JOSE CA 95113 990 2012-07-01 320083030 SYMPHONY SILICON VALLEY SYMP 4082862600 325 SOUTH FIRST STREET NO 160 SAN JOSE CA 95113 ANDREW R BALES 4082862600 2014-05-14 1 RANDY G PETERSON CPA P01300203 4084941200 2014-05-13 2012 2015-11-30 17:44:51Z X ANDREW R BALES 325 SOUTH FIRST STREET NO 160 SAN JOSE CA 95113 3393890 0 X WWW.SYMPHONYSILICONVALLEY.ORG X 2003 CA TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 8 385 185 0 0 1293923 1324572 1492271 1526951 25502 63615 40668 108381 2852364 3023519 0 0 0 0 1859904 1902587 0 0 114304 1009441 1022427 2869345 2925014 -16981 98505 1588933 1736685 531443 535302 1057490 1201383 X TO PROVIDE CLASSICAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 2663780 1635332 IN 2012-2013, THE SYMPHONY SILICON VALLEY ORCHESTRA PERFORMED FOR 70,300 LISTENERS, WHO ATTENDED THE SYMPHONY'S ANNUAL FREE FIVE-CONCERT TARGET SUMMER POPS FESTIVAL (15,800), ITS CLASSICS CONCERT SERIES (13,600), ORCHESTRA PERFORMANCES WITH FIVE OTHER PRODUCERS INCLUDING BALLET SAN JOSE (27,500), SYMPHONY SILICON VALLEY CHORALE CONCERTS (1,300), AND TWELVE FREE STUDENT CONCERTS (12,100).SEE SCHEDULE O FOR MORE DETAIL ON PROGRAM SERVICE ACCOMPLISHMENTSTHE 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 TWO 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, THE SYMPHONY DESIGNED AND MANAGES ARTSPARK, A FREE ARTS EXPOSURE PROGRAM FOR 3RD THROUGH 6TH GRADERS THAT ORGANIZES THE RESOURCES OF MULTIPLE ARTS GROUPS WITH THE LONG TERM GOAL OF REACHING EVERY CHILD IN THE COUNTY. IN ITS FIRST TWO YEARS, ARTSPARK HAS BROUGHT 50,000 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 2012-13, ITS ELEVENTH YEAR OF PERFORMANCES, THE SYMPHONY:- SERVED 70,300 AUDIENCE MEMBERS, INCLUDING 27,500 WHO ATTENDED BALLET PERFORMANCES ACCOMPANIED BY SYMPHONY SILICON VALLEY. - MOUNTED A SUBSCRIPTION SERIES OF 14 CLASSICAL CONCERTS LED BY THREE FREQUENT GUESTS ON THE SYMPHONY'S PODIUM, A BRILLIANT YOUNG ITALIAN CONDUCTOR RETURNING FOR HIS SECOND VISIT, AND THREE EXCITING NEWCOMERS TO THE ORCHESTRA FROM SWITZERLAND, JAPAN AND GREAT BRITAIN. REVIEWS PRAISED THE CONCERTS AS 'SPIRITED AND CONFIDENT,' 'DEEPLY FELT AND TECHNICALLY FEARLESS,' A 'A CHARMED PERFORMANCE,' 'BIG, ENVELOPING AND WONDERFULLY LUXURIANT,' 'VITAL AND DRAMATIC, SWEEPING THROUGH THE HALL WITH JUICY MELODIES AND STORMY INTERLUDES,' 'PERFECTLY MARVELOUS -- A SOULFUL EVENT.' SUMMING UP THE ENTIRE SEASON, ONE CRITIC ASSERTED SIMPLY: 'THIS WAS EXCITING MUSIC-MAKING.' (ALL QUOTES FROM SAN JOSE MERCURY NEWS.)- FEATURED A STELLAR LIST OF SOLOISTS PERFORMING WITH THE ORCHESTRA, HEADED BY PIANO GREAT PETER SERKIN, JOINED BY CLASSICAL GUITARIST JASON VIEAUX, SOPRANO LISA VROMAN IN AN ADVENTUROUS ALL-KURT WEILL PROGRAM, AND TWO VIOLINISTS, LONG-ESTABLISHED ANDREAS CARDENAS, AND MAYUKO KAMIO, THE YOUNG TCHAIKOVSKY COMPETITION GOLD MEDALIST WHO IS SKYROCKETING TO EARLY FAME.- PRODUCED AND MANAGED THE SECOND YEAR OF ARTSPARK, A MULTI-DISCIPLINARY ARTS EXPOSURE PROGRAM FOR THE CHILDREN OF SANTA CLARA COUNTY. 24,000 3RD / 4TH GRADERS AND 9,300 5TH GRADERS (60% / 40% OF THE COUNTY TOTALS RESPECTIVELY) FROM 23 SCHOOL DISTRICTS ATTENDED PROFESSIONAL QUALITY THEATER, MUSIC, DANCE AND VISUAL ARTS EVENTS MOUNTED BY EIGHT ARTS PROVIDERS. THE SYMPHONY'S OWN ALL-ORCHESTRA EDUCATION CONCERTS EXPANDED BY 50% TO SERVE OVER 12,000 CHILDREN. ALL ARTSPARK PERFORMANCES, BUS TRANSPORTATION AND CLASS MATERIALS WERE PROVIDED AT NO CHARGE.- PRESENTED THE 5TH SEASON OF TARGET SUMMER POPS, THE SYMPHONY'S POPULAR FREE SUMMER FESTIVAL, WITH OUTDOOR CONCERTS THIS YEAR PRESENTING LIGHT CLASSICS, THE RODGERS & HART SONGBOOK, THE GREAT JAZZ CLARINETIST PAQUITO D'RIVERA WITH HIS QUINTET, A CONCERT FOR CHILDREN AND AN ALL-AMERICANA AFTERNOON-WITH-BAND. THE EVENTS DREW A HAPPY AND DIVERSE FAMILY AUDIENCE OF ALMOST 16,000.- CONTINUED TO EMPHASIZE COMMUNITY COLLABORATIONS AND AN ETHIC OF SERVICE. IN ADDITION TO ACCOMPANYING THE BALLET IN FOUR PRODUCTIONS, SYMPHONY STAFF PROVIDED BOX OFFICE AND TECHNICAL ASSISTANCE THAT GAVE 17 SMALLER PERFORMANCE GROUPS AFFORDABLE ACCESS TO THE SYMPHONYS SUPERLATIVE PERFORMANCE HALL, BENEFITING BOTH THEIR ARTISTS AND THEIR AUDIENCES. 2663780 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 71 0 385 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 40.00 X X 126000 0 11265 PETER CARTWRIGHT 2.00 X X 0 0 0 CARL COOKSON 2.00 X X 0 0 0 LOU TERSINI 2.00 X X 0 0 0 RICHARD CONNIFF 2.00 X 0 0 0 WILLIAM HIGHLANDER 2.00 X 0 0 0 ROBERT KIEVE 2.00 X 0 0 0 LEE PRICE 2.00 X 0 0 0 RALPH SWANSON 2.00 X 0 0 0 JENNIFER WATKINS 40.00 X 84533 0 3028 210533 0 14293 1 0 0 0 0 149079 1175493 80993 1324572 PERFORMANCE FEES 711130 866678 866678 SUBSCRIPTION TICKET SA 711130 502064 502064 SINGLE TICKET SALES 711130 158209 158209 1526951 41549 41549 392437 370371 22066 22066 22066 THEATER SPACE BUY OUT 900099 80915 80915 HANDLING & FACILITY FE 900099 27466 27466 108381 3023519 1635332 0 63615 225048 108925 47014 69109 1359270 1328264 28500 2506 84067 84067 67497 64560 2353 584 166705 155183 5935 5587 5474 5474 18068 18068 12760 12760 192241 185216 7025 216211 214838 708 665 27721 20301 3736 3684 27727 27727 96187 86945 4761 4481 18865 18865 8239 8239 14067 12827 601 639 15367 11958 1756 1653 PRODUCTION EXPENSE 323687 323687 DONOR CULTIVATION/RECOG 25396 25396 BOX OFFICE - CREDIT CAR 20417 20417 2925014 2663780 146930 114304 200 198 97658 35903 64453 141246 68773 122595 41190 44908 166909 60181 62795 106728 1094083 1285107 159781 1588933 1736685 87739 110793 443704 424509 531443 535302 X -446374 -333724 272764 304007 1231100 1231100 1057490 1201383 1588933 1736685 98505 45388 0 X 0 1 X 1 0 X 1174596 1285382 1014638 1293923 1324572 6093111 1174596 1285382 1014638 1293923 1324572 6093111 951868 5141243 8367 42558 40378 37073 41549 169925 6263036 7721952 0.82090 0.81730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1253864 96243 65000 1285107 1311827 -1048 56915 1253864 1239538 162289 90000 1311827 1250989 48549 60000 1239538 1605704 500 -355215 250000 1000989 0.95800 0.04200 0 0 156372 49644 106728 10537 10537 0 106728 X 3095662 45388 39515 84903 3010759 12760 12760 3023519 2951769 39515 39515 2912254 12760 12760 2925014 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2010 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS OF THE TAX YEARS ENDED JUNE 30, 2009 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. JENNIFER WATKINS WIFE OF PRESIDENT 88380 EMPLOYEE 0 JENNIFER WATKINS (GENERAL MANAGER OF THE SYMPHONY) IS MARRIED TO ANDREW BALES, THE PRESIDENT OF THE ORGANIZATION. X 10 22993 FMV X PIANO 1 58000 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 JENNIFER WATKINS, THE GENERAL MANAGER, IS A 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. GIFT ACCEPTANCE POLICY: FORM 990, SCHEDULE M, LINE 31 THE ORGANIZATION IS IN THE PROCESS OF ADOPTING A GIFT ACCEPTANCE POLICY FOR NON STANDARD CONTRIBUTIONS. THE BOARD ANTICIPATES ADOPTING AND IMPLEMENTING A POLICY BEFORE THE END OF THE NEXT FISCAL YEAR, 6/30/2014.