2011-10-06T18:38:43-05:00 2010-06-30 HOOD & STRONG LLP CPAS 100 FIRST STREET 14th FLOOR SAN FRANCISCO CA 94105 990 2009-07-01 941156610 San Francisco Conservatory of Music SANF 4157593423 50 Oak Street San Francisco CA 94102 Colin Murdoch 4157593423 2011-05-10 1 4157810793 2009 2016-03-07 17:11:31Z COLIN MURDOCH 50 Oak Street San Francisco CA 94102 24910081 0 X www.sfcm.edu X 1923 CA THE CONSERVATORY OFFERS UNDERGRADUATE, GRADUATE AND POSTGRADUATE MUSICAL EDUCATION. 40 39 531 92 0 0 6622322 2374270 14657773 15490435 -2421 949276 24505 36480 21302179 18850461 5098893 5610079 0 10393279 10587190 100000 861388 5919559 4776510 21411731 21073779 -109552 -2223318 115100225 110620584 18893867 14816323 96206358 95804261 THE SAN FRANCISCO CONSERVATORY OF MUSIC EDUCATES EXCEPTIONALLY TALENTED MUSICIANS FROM AROUND THE WORLD TO BECOME ARTISTS OF THE HIGHEST CALIBER, AS WELL AS MUSICAL CITIZENS PREPARED FOR THE CHALLENGES OF THE TWENTY-FIRST CENTURY. 0 0 15631089 5529754 13809228 CollegiateAccredited college granting Bachelor's and Master's degrees in Music Performance. Expenses include, salaries, scholarships, recruitment, and academic support (library, student services, etc.) 1255033 80325 1541791 PreparatoryMusic instruction for 4 - 18 year olds. Instruction includes early childhood music classes, private music instruction, and classes. Expenses include salaries, scholarships, advertising, and support. 97286 139416 Adult ExtensionThe Conservatory provides both private lessons and classes in music education. Expenses include salaries, advertising and support. 68083 68083 17051491 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 90 0 531 1 0 1 OC 0 0 0 1 1 0 0 0 40 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BUSINESS OFFICE 4157593423 50 Oak Street SAN FRANCISCO CA 94102 COLIN MURDOCH 60.00 X X 401439 0 36668 LISA MILLER 1.00 X 0 0 0 TIMOTHY FOO 1.00 X 0 0 0 WILLIAM K BOWES JR 1.00 X 0 0 0 JEAN DELEAGE 1.00 X 0 0 0 CAROL PUCCI DOLL 1.00 X 0 0 0 KENT TAYLOR BAUM 1.00 X 0 0 0 EDWARD W BECK 1.00 X 0 0 0 PATRICIA B BERKOWITZ 1.00 X 0 0 0 RICHARD A BOHANNON MD 1.00 X 0 0 0 MRS DIX BORING 1.00 X 0 0 0 MRS JAMES F BUCKLEY JR 1.00 X 0 0 0 MRS CAROL W CASEY 1.00 X 0 0 0 H DAVID CHOO 1.00 X 0 0 0 STEVEN A CINELLI 1.00 X 0 0 0 CHRISTIANE P DE BORD 1.00 X 0 0 0 MRS GENEVIEVE DI SAN FAUSTINO 1.00 X 0 0 0 DELIA FLEISHAKER EHRLICH 1.00 X 0 0 0 CHRISTIAN P ERDMAN 1.00 X 0 0 0 MRS A BARLOW FERGUSON 1.00 X 0 0 0 MRS ERNEST GOGGIO 1.00 X 0 0 0 MRS JAQUELIN H HUME 1.00 X 0 0 0 LAURENCE A LASKY PHD 1.00 X 0 0 0 ROSE C MELTZER 1.00 X 0 0 0 LORNA F MEYER 1.00 X 0 0 0 MAURA B MOREY 1.00 X 0 0 0 DEEPA R PAKIANATHAN 1.00 X 0 0 0 PETER PASTREICH 1.00 X 0 0 0 NANCY PROBST 1.00 X 0 0 0 JOSHUA M RAFNER 1.00 X 0 0 0 MATTHEW RAPHAELSON 1.00 X 0 0 0 GARY A RUST MD 1.00 X 0 0 0 GEORGE S SARLO 1.00 X 0 0 0 REGINA SCHAFFER 1.00 X 0 0 0 CAMILLA SMITH 1.00 X 0 0 0 JOAN TRAITEL 1.00 X 0 0 0 BARBARA A WALKOWSKI 1.00 X 0 0 0 MICHAEL RV WHITMAN 1.00 X 0 0 0 ROBERT H ZERBST 1.00 X 0 0 0 MARY ELLEN POOLE 40.00 X 164140 0 13280 KATHRYN WITTENMYER 40.00 X 128578 0 12280 JODI LEVITZ 40.00 X 138251 0 12742 PAUL HERSH 40.00 X 130277 0 13941 IAN SWENSON 40.00 X 126001 0 6892 JEAN-MICHEL FONTENEAU 40.00 X 117868 0 11612 DAVID MITCHELL 40.00 X 107544 0 31678 1314098 0 139093 10 0 1 0 SWINERTON BUILDERS 260 TOWNSEND ST SAN FRANCISCO CA 94107 GENERAL CONTRACTOR 7803718 RAYMOND NORTHERN CALIFORNIA 2440 SPRIG CT CONCORD CA 94520 BUILDING INTERIORS CONTRACTOR 850000 MORROW MEADOWS 385 OYSTER POINT BLVD 2 SOUTH SAN FRANCISCO CA 94080 ELECTRICAL CONTRACTOR 750000 HANSON BRIDGETT LLP 425 MARKET STREET 26TH FLOOR SAN FRANCISCO CA 94105 LEGAL SERVICES 452202 THE WACKENHUT CORPORATION PO BOX 277469 SAN FRANCISCO CA 94160 SECURITY SERVICES 347422 9 357875 53700 1962695 286294 2374270 TUITION AND FEES 900099 15094502 15094502 OTHER EDUCATIONAL 900099 395933 395933 15490435 645885 645885 112161 25403 86758 86758 86758 6169791 2729 5865410 3719 304381 -990 303391 303391 114810 357875 165088 -50278 -50278 18850461 15490435 0 985756 5610079 5610079 745969 745969 8366276 6813181 1088733 464362 231668 136850 80481 14337 662072 337003 283622 41447 581205 473312 75634 32259 87411 87411 98062 98062 100000 100000 110231 110231 186726 165588 21138 137409 63378 48798 25233 450132 148503 293131 8498 107056 69834 28723 8499 16370 16370 1010299 868433 5207 136659 154762 81581 71013 2168 11554 8100 3454 280974 280974 1557091 1557091 24526 24526 bond amortization 238802 238802 memberships/subscriptio 131859 43810 87897 152 instrument maintenance 125677 125677 catering 47569 12925 6870 27774 21073779 17051491 3160900 861388 1101967 1762700 1902265 3492437 1525487 203457 210202 170000 150000 974127 934892 394300 192968 82440912 6870080 76843909 75570832 28758594 29186335 1259169 1087168 115100225 110620584 7098835 376824 398857 412557 7440000 11100000 3956175 2926942 18893867 14816323 X 59851737 61920985 5212103 2251223 31142518 31632053 96206358 95804261 115100225 110620584 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31670000 473000 2271000 1800000 32614000 34376000 2187000 -766000 4127000 31670000 0.03010 0.96990 0 0 9860951 9860951 64363788 3972243 60391545 1389574 1080009 309565 6826599 1817828 5008771 75570832 PERKINS GOV'T LOANS 706093 ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION 2220849 2926942 18850461 21073779 -2223318 1377227 443994 1821221 -402097 14697869 1377227 -5610079 -4232852 18930721 110231 -190491 -80260 18850461 15099966 -253503 -253503 15353469 110231 5610079 5720310 21073779 Part V, Line 4: Description of Intended Use of Endowment Funds: The Conservatory has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Part X: Description of Uncertain Tax Positions Under FIN 48: MANAGEMENT EVALUATED THE CONSERVATORY'S TAX POSITIONS AND CONCLUDED THAT THE CONSERVATORY HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. Part XI, Line 8 - Other Adjustments: post-retirement medical benefit expense: 443994. Part XII, Line 2d - Other Adjustments: SCHOLARSHIPS: -5610079. Part XII, Line 4b - Other Adjustments: RENTAL EXPENSES: -25403. FUNDRAISING EXPENSES: -165088. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES: 25403. FUNDRAISING EXPENSES: 165088. POST-RETIREMENT BENEFIT OBLIGATION: -443994. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS: 5610079. 1 1 0 OUR COLLEGIATE CATALOG IS LINKED TO THE WEBSITE AND IT INCLUDES OUR GENERAL NON-DISCRIMINATION POLICY AT THE BOTTOM OF THE TITLE PAGE. THE CATALOG IS ALSO BROADLY DISTRIBUTED TO PROSPECTIVE STUDENTS. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE SAN FRANCISCO CONSERVATORY OF MUSIC MANAGES AN EXTENSIVE FINANCIAL ASSISTANCE PROGRAM TO ENSURE THAT A HIGHLY QUALIFIED AND DIVERSE POPULATION ATTENDS AND GRADUATES FROM THE CONSERVATORY. THE CONSERVATORY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENT GRANT AND LOAN PROGRAMS, INCLUDING PELL, SEOG, CWSP, PERKINS AND FFEL. 1 X X X X X X X 1 CHARLES R FELDSTEIN AND COMPANY INC CONSULTING 0 0 100000 -100000 100000 -100000 CA ANNUAL GALA DINNER AND CONCERT 445935 340485 105450 51370 97921 scholarship dinner 26750 17390 9360 13864 1933 472685 357875 114810 65234 99854 165088 -50278 1 COLLEGIATE SCHOLARSHIPS 406 5529754 PREPARATORY SCHOLARSHIPS 83 80325 Other Information: Part IV: A list of recipients of scholarships and fellowships is on file at the Institution and is available on request. Although there may be recipients who are related to persons having an interest in the Institution, such recipients are selected on an equal, objectively determinable basis with other recipients. That is, all students receiving scholarships and fellowships are judged worthy by the Institution's assessment on the basis of academic and music achievement, financial need, and other similar standards. X X 0 0 X X X X X 0 0 0 0 0 0 0 0 0 COLIN MURDOCH 401439 0 0 0 0 0 28262 0 8406 0 438107 0 0 0 MARY ELLEN POOLE 164140 0 0 0 0 0 7320 0 5960 0 177420 0 0 0 JODI LEVITZ 138251 0 0 0 0 0 6913 0 5829 0 150993 0 0 0 Part I, Line 1a The president's spouse occasionally attends a social event related to the conservatory's exempt purpose. the conservatory pays for the spouse's travel costs. the costs are included in the president's taxable compensation. appropriate documentation is submitted to the conservatory. COLIN MURDOCH DOWN PAYMENT-PRINCIPAL RESDIENCE X 200000 10000 0 1 1 MARY ELLEN POOLE DOWN PAYMENT-PRINCIPAL RESDIENCE X 200000 140000 0 1 1 150000 X 9 210894 FAIR MARKET VALUE X MUSICAL INSTRUMENT 7 75400 FAIR MARKET VALUE 1 1 1 Description of Arrangement: Part I, Line 30b: The Conservatory received contributions of musical instruments that are used by the Conservatory to fulfill its mission. Third Party Use: Part I, Line 32b: The Conservatory utilizes the services of an unrelated third party to operate the vehicle donation program. Form 990, Part VI, Section B, line 11 The Conservatory's accounting firm will prepare the return with the assistance of the V.P. of Finance. Upon its completion, it will be forwarded to the Board Chair, Treasurer, President, and Chair of the Audit Committee for review prior to filing the 990. Copies of the 990 will be made available to all members of the Board. Form 990, Part VI, Section B, line 12c On an annual basis, each member of the board signs a statement that they: 1) Received a copy of the policy, 2) have read and understand the policy; 3) agree to comply with the policy; 4) understand that the policy applies to all committees and subcommittees. In addition, they state any conflicts and/or attest to none. Form 990, Part VI, Section B, line 15 The Board of Trustees has authorized the Executive Committee of the Board to determine annual compensation for the President and key employees. Annually, the HR Manager gathers comparative salary data from available sources and presents the data along with proposed salaries. The Executive Committee reviews and approves salaries. The review process and vote is recorded in the minutes of the Executive Committee. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C THE ROLE OF THE AUDIT COMMITTEE THE ROLE AND PROCESS OF THE AUDIT COMMITTEE HAS NOT CHANGED FROM THE PRIOR YEAR.