﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-08-13T09:52:10-07:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Good &amp; Fowler LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>262 Grand Avenue</AddressLine1>
        <City>South San Francisco</City>
        <State>CA</State>
        <ZIPCode>94080</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>943347958</EIN>
      <Name>
        <BusinessNameLine1>SAUSALITO ART FESTIVAL FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>SAUS</NameControl>
      <Phone>4153323555</Phone>
      <USAddress>
        <AddressLine1>PO BOX 10</AddressLine1>
        <City>SAUSALITO</City>
        <State>CA</State>
        <ZIPCode>94966</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>SANDE MCGARRY</Name>
      <Title>Treasurer</Title>
      <DateSigned>2013-08-10</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>BRUCE J WRIGHT</Name>
      <PTIN>P00083251</PTIN>
      <Phone>6508727600</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <NameOfPrincipalOfficerPerson>MIKE STONE</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>PO BOX 10</AddressLine1>
        <City>SAUSALITO</City>
        <State>CA</State>
        <ZIPCode>94966</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>1802073</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <AllAffiliatesIncluded>false</AllAffiliatesIncluded>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.sausalitoartfestival.org</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>2000</YearFormation>
      <StateLegalDomicile>CA</StateLegalDomicile>
      <ActivityOrMissionDescription>The mission of the Sausalito Art Festival Foundation is to encourage, promote, and support the arts for the community.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>10</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>10</NbrIndependentVotingMembers>
      <TotalNbrEmployees>10</TotalNbrEmployees>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>1488279</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>1801378</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>928</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>695</InvestmentIncomeCurrentYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>1489207</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>1802073</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>48956</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>47195</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>236533</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>182070</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1157034</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1382641</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>1442523</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>1611906</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>46684</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>190167</RevenuesLessExpensesCY>
      <TotalAssetsBOY>1663685</TotalAssetsBOY>
      <TotalAssetsEOY>1784338</TotalAssetsEOY>
      <TotalLiabilitiesBOY>645626</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>576112</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>1018059</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>1208226</NetAssetsOrFundBalancesEOY>
      <MissionDescription>The mission of the Sausalito Art Festival Foundation is to encourage, promote, and support the arts for the community.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>1611906</Expense>
      <Grants>47195</Grants>
      <Description>Every Labor Day weekend, stars of the contemporary art scene are showcased on the sparkling bay shores of Sausalito, California's Mediterranean-like seaside village. Over one million visitors from throughout the world have experienced the Sausalito Art Festival since its inaugural event in 1952. Sausalito hosts the West Coast's ultimate Art Experience, featuring a world-class collection of fine art and craft.The internationally famous beauty of Sausalito, with its historic waterfront and unique art galleries and shops, has long attracted art collectors. Just north of the Golden Gate Bridge, Sausalito is located on the San Francisco Bay shoreline with breathtaking views.The best local, American, and International Artists bring their combined perspectives, virtuoso skills, and more than 20,000 original works of art including paintings, sculpture, ceramics, jewelry, fiber art, fine glass, woodwork, mixed media, and photography. From functional to surreal, witty to the elegantly decorative, these one-of-a-kind and limited edition Art Works form an unparalleled collection that can only be seen once a year.Enjoy the opportunity to meet the Artists one-on-one or stretch out on the lawn in the scenic bayside park. Enjoy nonstop entertainment on three stages or gourmet delights with champagne and fine wines. The Sausalito Art Festival is the #1 Event of its kind and the perfect way to celebrate your Labor Day Weekend.</Description>
      <TotalProgramServiceExpense>1611906</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">true</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>23</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>10</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <Form990-TFiled>false</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>true</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <NumberOf8282Filed>0</NumberOf8282Filed>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <FiledLieu1041>false</FiledLieu1041>
      <LicensedMoreThanOneState>false</LicensedMoreThanOneState>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>10</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>10</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>CA</StatesWhereCopyOfReturnIsFiled>
      <OwnWebsite>X</OwnWebsite>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>SANDE MCGARRY</NamePerson>
        <TelephoneNumber>4153323555</TelephoneNumber>
        <AddressUS>
          <AddressLine1>PO BOX 10</AddressLine1>
          <City>SAUSALITO</City>
          <State>CA</State>
          <ZIPCode>94966</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>JERRY SPOLTER</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>LEONARD KAPRELIAN</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>TONY COOK</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ZENY CIESLIKOWSKI</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANN ARNOTT</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PAUL ANDERSON</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SANDE MCGARRY</NamePerson>
        <Title>Treasurer</Title>
        <AverageHoursPerWeek>2.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MILLIE AMIS</NamePerson>
        <Title>Secretary</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SALLY CALEF</NamePerson>
        <Title>VICE CHAIR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MIKE STONE</NamePerson>
        <Title>Chairman</Title>
        <AverageHoursPerWeek>2.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ANN DICKSON</NamePerson>
        <Title>EXECUTIVE DIRECTOR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>67500</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>67500</TotalReportableCompFromOrg>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <TotalContributions>0</TotalContributions>
      <ProgramServiceRevenue>
        <Description>SAUSALITO ART FESTIVAL</Description>
        <TotalRevenueColumn>1801378</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1801378</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>1801378</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>695</TotalRevenueColumn>
        <ExclusionAmount>695</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetRentalIncomeOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <TotalOtherRevenue>0</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>1802073</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1801378</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>695</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>32195</Total>
        <ProgramServices>32195</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>15000</Total>
        <ProgramServices>15000</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>67500</Total>
        <ProgramServices>67500</ProgramServices>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>80443</Total>
        <ProgramServices>80443</ProgramServices>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>0</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>19022</Total>
        <ProgramServices>19022</ProgramServices>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>15105</Total>
        <ProgramServices>15105</ProgramServices>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>0</Total>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>22018</Total>
        <ProgramServices>22018</ProgramServices>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>0</Total>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>30902</Total>
        <ProgramServices>30902</ProgramServices>
      </FeesForServicesOther>
      <Advertising>
        <Total>9129</Total>
        <ProgramServices>9129</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>34916</Total>
        <ProgramServices>34916</ProgramServices>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>396</Total>
        <ProgramServices>396</ProgramServices>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>35504</Total>
        <ProgramServices>35504</ProgramServices>
      </Occupancy>
      <Travel>
        <Total>10995</Total>
        <ProgramServices>10995</ProgramServices>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>13442</Total>
        <ProgramServices>13442</ProgramServices>
      </ConferencesMeetings>
      <Interest>
        <Total>41799</Total>
        <ProgramServices>41799</ProgramServices>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>1139</Total>
        <ProgramServices>1139</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>12445</Total>
        <ProgramServices>12445</ProgramServices>
      </Insurance>
      <OtherExpenses>
        <Description>Printing and Publications</Description>
        <Total>1145</Total>
        <ProgramServices>1145</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Postage and Shipping</Description>
        <Total>3463</Total>
        <ProgramServices>3463</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DIRECT FESTIVAL EXPENSES</Description>
        <Total>1165348</Total>
        <ProgramServices>1165348</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>0</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>1611906</Total>
        <ProgramServices>1611906</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>31337</BOY>
        <EOY>21438</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>728263</BOY>
        <EOY>841371</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <EOY>0</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <EOY>0</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <EOY>10690</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>13663</BOY>
        <EOY>10161</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>11394</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1139</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <EOY>10255</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <EOY>0</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <BOY>887922</BOY>
        <EOY>887922</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>2500</BOY>
        <EOY>2501</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>1663685</BOY>
        <EOY>1784338</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>48496</BOY>
        <EOY>37183</EOY>
      </AccountsPayableAccruedExpenses>
      <UnsecuredNotesLoansPayable>
        <BOY>597130</BOY>
        <EOY>538929</EOY>
      </UnsecuredNotesLoansPayable>
      <TotalLiabilities>
        <BOY>645626</BOY>
        <EOY>576112</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1018059</BOY>
        <EOY>1208226</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1018059</BOY>
        <EOY>1208226</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>1663685</BOY>
        <EOY>1784338</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>190167</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="12000229" softwareVersion="2012v2.0">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <Total>0</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>1400369</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1558199</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1573450</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1488279</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1801378</CurrentTaxYear>
        <Total>7821675</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit509>
      <ValueOfSvcsFcltsFurnishdByGovt>
        <Total>0</Total>
      </ValueOfSvcsFcltsFurnishdByGovt>
      <Total509>
        <CurrentTaxYearMinus4Years>1400369</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1558199</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1573450</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1488279</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1801378</CurrentTaxYear>
        <Total>7821675</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <PublicSupportTotal509>7821675</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>9478</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2989</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1596</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>928</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>695</CurrentTaxYear>
        <Total>15686</Total>
      </GrossInvestmentIncome509>
      <Post1975UBTI>
        <Total>0</Total>
      </Post1975UBTI>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>9478</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>2989</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1596</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>928</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>695</CurrentTaxYear>
        <Total>15686</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <Total>0</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>1409847</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1561188</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1575046</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1489207</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1802073</CurrentTaxYear>
        <Total>7837361</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.99800</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.99660</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00200</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.00340</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="12000229" softwareVersion="2012v2.0">
      <Equipment>
        <OtherCostOrOtherBasis>11394</OtherCostOrOtherBasis>
        <Depreciation>1139</Depreciation>
        <BookValue>10255</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>10255</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>1802073</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>1802073</RevenueSubtotal>
      <TotalRevenuePerForm990>1802073</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1611906</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>1611906</ExpensesSubtotal>
      <TotalExpensesPerForm990>1611906</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="12000229" softwareVersion="2012v2.0">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>FRIENDS OF THE BAY MODEL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2100 BRIDGEWAY</AddressLine1>
          <City>SAUSALITO</City>
          <State>CA</State>
          <ZIPCode>94965</ZIPCode>
        </AddressUS>
        <EINOfRecipient>680261078</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>5000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>1424</AmountOfNonCashAssistance>
        <DescriptionOfNonCashAssistance>TV</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS ($2,500 EACH)</TypeOfGrant>
        <NumberOfRecipients>6</NumberOfRecipients>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>GRANT APPLICATIONS ARE REVIEWED BY THE BOARD OF DIRECTORS AND AWARDEES SELECTED. EACH AWARDEE IS REQUIRED TO SUBMIT A REPORT AT THE END OF THE GRANT PERIOD DESCRIBING HOW THE FUNDS WERE USED AND THE BENEFITS DERIVED THEREFROM.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="12000229" softwareVersion="2012v2.0">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MOLLIE STONE MKTM STONE</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>DIRECTOR OWNS</Relationship>
        <AmountOfTransaction>21432</AmountOfTransaction>
        <DescriptionOfTransaction>GROCERIES</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEB SITE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>COMPENSATION IS DETERMINED USING COMPARABILITY DATA ATTAINED BY THE INTERNATIONAL FESTIVAL AND EVENTS ASSOCIATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15a</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15a: Compensation Review &amp; Approval Process - CEO, Top Management</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS MEETS IN EXECUTIVE SESSION ANNUALLY TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS MONITORS ANY CONFLICTS REGULARLY AS PART OF THE GOVERNANCE SECTION OF EACH BOARD MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>THE BOARD OF DIRECTORS REVIEWS FORM 990 DURING ONE OF ITS REGULAR MEETINGS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>