2024-05-15T13:14:51-05:00 2023-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2022-07-01 320083030 SYMPHONY SAN JOSE SYMP 4082862600 325 S 1ST STREET 160 SAN JOSE CA 95113 ROBERT MASSEY GENERAL DIRECTOR 4082862600 2024-05-02 1 ROBERT MASSEY 999009999 1 MATTHEW PETROSKI P00853132 4082006400 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT MASSEY 325 S 1ST STREET 160 SAN JOSE CA 95113 3026141 0 X WWW.SYMPHONYSANJOSE.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 7 7 424 55 0 0 2783193 1189615 968776 1187505 123296 65791 15483 0 3890748 2442911 0 0 0 0 2027709 2158625 0 0 90942 1333628 1402608 3361337 3561233 529411 -1118322 4127797 3507469 418923 683837 3708874 2823632 X TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 1704253 563643 CLASSICS CONCERTS - THE CORNERSTONE OF THE SYMPHONY'S ARTISTIC SEASON IS ITS 14-CONCERT CLASSICS SERIES. THIS PROGRAM SERVES APPROXIMATELY 8,000, INCLUDING SEASON SUBSCRIBERS AND SINGLE TICKET BUYERS. A VAST MAJORITY OF THE SYMPHONY'S INDIVIDUAL DONORS ALSO ATTEND. THESE CONCERTS ARE LED BY A ROSTER OF INTERNATIONALLY-ACCLAIMED CONDUCTORS AND FEATURE AS SOLOISTS BOTH THE ORCHESTRA'S PRINCIPALS AND WORLD-RENOWN GUEST ARTISITS. THE GENERAL DIRECTOR WORKS WITH THE ORCHESTRA'S ARTISTIC COMMITTEE AND EACH CONDUCTOR TO DESIGN PROGRAMS THAT DRAW ON THAT CONDUCTOR'S SPECIAL STRENGTH, USE THE ORCHESTRA'S AND SOLOISTS' MUSICAL MASTERY TO THE FULLSET EXTENT, AND STIMULATE AND SATISFY THEIR AUDIENCES. CLASSICS PROGRAMS ACCOUNT FOR THE MAJORITY OF THE ORCHESTRA'S AND THEATER STAFF'S ANNUAL PAYROLL AND REQUIRE THE MOST YEAR-ROUND ADMINISTRATIVE SUPPORT. 772457 295478 FILM CONCERTS - THE SYMPHONY PERFORMED CINEMA PARADISO, COCO, AND GAMEON! THIS SEASON. THE THREE MOVIES, PERFORMED TWICE EACH, WERE PERFORMED TO APPROXIMATELY 4,500. THE SYMPHONY'S FILM-WITH-ORCHESTRA CONCERTS TEND TO ATTRACT YOUNG, DIVERSE, AND EXUBERANT AUDIENCES TO POPULAR FILMS SHOWN ON GIANT SCREENS WITH THEIR HIGH-PROFILE SCORES PERFORMED LIVE BY THE SYMPHONY ORCHESTRA. 120073 48042 CHORALE PROGRAMS - THE SYMPHONY SAN JOSE CHORALE WAS SHOWCASED IN TWO PRODUCTIONS THIS SEASON, CAROLS AT THE CALIFORNIA AND SERENADE TO MUSIC. APPROXIMATELY 1,000 ATTENDED. 496723 280342 TOTAL PROGRAM EXPENSES AND REVENUE INCLUDE THE FOLLOWING BESIDES THE ABOVE.- CONTRACT SERVICE WHERE THE ORCHESTRA OR ITS MUSICIANS ARE ENGAGED. - PRODUCTION SUPPORTS, SUCH AS UNION STAGEHANDS AND USHERS, TECHNICAL EQUIPMENT AND KNOW-HOW PROVIDED BY THE SYMPHONY TO OTHER LOCAL ORGANIZATIONS FOR EVENTS (E.G., YOUTH ORCHESTRA, AND SCHOOL). ACCESS TO THESE SERVICES ENABLES THEM TO ACHIEVE PERFORMANCE LEVELS THAT BENEFIT THEM, THEIR AUDIENCE MEMBERS, AND THE LARGER COMMUNITY. 496723 280342 3093506 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 28 0 1 424 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ROBERT MASSEY GENERAL DIRECTOR 4082862600 325 SOUTH FIRST STREET SUITE 160 SAN JOSE CA 95113 RICHARD CONNIFF CHAIR 10.00 X X 0 0 0 NANCY JOHNSON SECRETARY 3.00 X X 0 0 0 BUNNY LADEN TREASURER 5.00 X X 0 0 0 NICHOLAS ADAMS TRUSTEE 2.00 X 0 0 0 SHARYN BIRES TRUSTEE 2.00 X 0 0 0 LLOYD SCHMIDT TRUSTEE 3.00 X 0 0 0 SARALYN WINSLOW TRUSTEE 2.00 X 0 0 0 ANDREW BALES GENERAL DIRECTOR (THRU 08/22) 40.00 X 173000 0 0 ROBERT MASSEY GENERAL DIRECTOR (START 06/22) 40.00 X 115555 0 4948 288555 0 4948 2 0 1 0 0 401629 787986 62136 1189615 PERFORMANCE FEES 711130 466697 466697 SUBSCRIPTION TICKET SA 711130 381522 381522 SINGLE TICKET SALES 711130 339286 339286 1187505 90562 90562 558459 583230 -24771 -24771 -24771 2442911 1187505 0 65791 285646 214234 28565 42847 1510354 1490654 19700 119166 119166 40550 32625 6791 1134 202909 190232 7042 5635 7185 7185 49032 49032 29368 29368 248572 210475 38097 264644 262016 1608 1020 60837 8855 51982 156965 75014 81951 30328 27665 2663 750 750 36164 33968 2196 38511 10089 28422 PRODUCTION EXPENSES 378406 338209 40197 BOX OFFICE/TICKET OFFIC 55237 54953 284 DONOR CULTIVATION EXPEN 45957 25351 20606 EQUIPMENT RENTAL 652 652 3561233 3093506 376785 90942 2291 159662 541943 48628 523666 10140 13462 51151 27151 22718 365091 232198 158291 132893 2859493 2968996 1500 113281 4127797 3507469 109810 241641 300680 327099 8433 115097 418923 683837 X 1728926 766432 1979948 2057200 3708874 2823632 4127797 3507469 -1118322 233080 0 X 0 1 X 1 0 X 922052 1763605 1834532 2783193 1189615 8492997 922052 1763605 1834532 2783193 1189615 8492997 557596 7935401 78225 80664 71096 123296 90562 443843 8936840 5267357 0.88790 0.83950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2859493 269503 587796 2541200 3261974 -302481 100000 2859493 2449542 450000 482432 120000 3261974 2476410 93132 120000 2449542 2472263 104147 100000 2476410 0.19679 0.80321 0.00000 0 0 365091 232198 132893 132893 LEASE LIABILITY 115097 115097 X 2646623 233080 233080 2413543 29368 29368 2442911 3531865 0 3531865 29368 29368 3561233 PART V, LINE 4: THE SYMPHONY 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 ON 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 EXCEPT AS PROVIDED WITHIN THE SPECIFIC DONOR TERMS FOR THE $1 MILLION GIFT AS DESCRIBED ABOVE. 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, 2020 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2019 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. X X 0 0 0 0 0 0 0 0 0 ANDREW BALES GENERAL DIRECTOR (THRU 08/22) 173000 0 0 0 0 0 0 0 0 0 173000 0 0 0 JENNIFER WATKINS WIFE OF GENERAL DIRECTOR ANDREW BALES 15804 EMPLOYMENT 0 X 4 53009 FMV X MUSICAL INSTRUMENT 1 7328 FMV X WINE DONATION 2 1800 FMV 3 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B 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 (GENERAL DIRECTOR, 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 15A THE COMPENSATION OF THE GENERAL DIRECTOR 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 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 GENERAL DIRECTOR'S PERSONNEL FILES. MOST RECENTLY, THE GENERAL DIRECTOR'S COMPENSATIONS WERE REVIEWED IN JANUARY 2022. 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.