2025-04-04T12:11:49-05:00 2024-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-07-01 814053105 THE YERBA BUENA GARDENS CONSERVANCY YERB 4156513684 750 HOWARD STREET SAN FRANCISCO CA 94103 SUBHAJEET SEVE GHOSE EXECUTIVE DIRECTOR 4156513684 2025-04-04 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-04-04 2023 2025-03-06 01:10:19Z SUBHAJEET SEVE GHOSE 750 HOWARD STREET SAN FRANCISCO CA 94103 11832008 0 X WWW.YERBABUENAGARDENS.ORG X 2016 CA TO OPERATE AND MANAGE YERBA BUENA GARDENS ON BEHALF OF THE CITY AND COUNTY OF SAN FRANCISCO. 11 10 13 12 0 0 9776226 7754148 2024098 3681016 144209 248962 0 147882 11944533 11832008 1850000 1896500 0 0 1603789 2192179 0 0 0 6373269 6680990 9827058 10769669 2117475 1062339 149539288 145845657 2199601 1031068 147339687 144814589 X TO PROVIDE ARTS, CULTURE, RECREATION, AND NATURE IN BEAUTIFUL, ACCESSIBLE, WELCOMING SPACES FOR EVERYONE THROUGH STEWARDSHIP AND COLLABORATION. 0 0 10093090 1896500 3681016 YERBA BUENA GARDENS CONSERVANCY (THE "CONSERVANCY") IS A CIVIC NONPROFIT ORGANIZATION ESTABLISHED TO PROGRAM, OPERATE, MAINTAIN, AND IMPROVE THE PUBLICLY-OWNED THREE CITY BLOCKS OF YERBA BUENA GARDENS ON BEHALF OF THE RESIDENTS AND VISITORS OF THE CITY AND COUNTY OF SAN FRANCISCO. LOCATED IN CENTRAL SAN FRANCISCO, THE YERBA BUENA GARDENS ARE A TREASURED CULTURAL ASSET VISITED BY OVER 5 MILLION PEOPLE ANNUALLY.CONSISTENT WITH THE CITY OF SAN FRANCISCO'S VISION, THE YERBA BUENA GARDENS IS A SELF-FINANCING ENTITY, WHERE SURROUNDING DEVELOPMENTS AND RETAIL LEASES FINANCIALLY SUPPORT THE OPERATION AND MAINTENANCE OF ITS PUBLIC PARK AND CULTURAL FACILITIES. DONATIONS TO THE CONSERVANCY KEEP THE PARK SAFE, CLEAN, AND WELCOMING FOR ALL TO ENJOY AND SUPPORT CAPITAL IMPROVEMENTS. 10093090 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X SUBHAJEET SEVE GHOSE 4156513621 750 HOWARD STREET SAN FRANCISCO CA 94103 SCOTT ROWITZ DIRECTOR 1.00 X 29127 0 0 KEN BUKOWSKI CHAIR 1.00 X X 0 0 0 CAROL TANG VICE CHAIR 1.00 X X 0 0 0 DAVID MCKENZIE TREASURER 1.00 X X 0 0 0 LAWRENCE LI SECRETARY 1.00 X X 0 0 0 SARAH DENNIS-PHILLIPS DIRECTOR 1.00 X 0 0 0 SARA FENSKE BAHAT DIRECTOR THROUGH 12/2023 1.00 X 0 0 0 KATE FAUST DIRECTOR 1.00 X 0 0 0 SEAN JEFFRIES DIRECTOR 1.00 X 0 0 0 ANDRICO PENICK DIRECTOR 1.00 X 0 0 0 RALPH REMINGTON DIRECTOR 1.00 X 0 0 0 GAYLE ROMASANTA DIRECTOR 1.00 X 0 0 0 SUBHAJEET SEVE GHOSE EXECUTIVE DIRECTOR 40.00 X 186194 0 30599 ANDREW GILLESPIE CHIEF ENGINEER 40.00 X 164490 0 60147 LEOPOLDO DIAZ STATIONARY ENGINEER 40.00 X 130509 0 65494 BRIANA MAUGHAN GENERAL MANAGER YB GARDENS 40.00 X 145204 0 13839 ANTHONY PELLEGRINI CAPITAL AND OPERATIONS DIRECTOR 40.00 X 116442 0 20886 JILL LINWOOD ADMINISTRATIVE MANAGER 40.00 X 123769 0 6189 895735 0 197154 8 0 1 0 BAUMAN LANDSCAPE AND CONSTRUCTION INC 2205 LYON STREET SAN FRANCISCO CA 94123 LANDSCAPING SERVICES 1987540 GARDENERS' GUILD 2780 GOODRICK AVENUE RICHMOND CA 94801 LANDSCAPING SERVICES 733073 MARINA SECURITY SERVICES 465 CALIFORNIA STREET 449 SAN FRANCISCO CA 94104 SECURITY SERVICES 561279 ABLE BUILDING MAINTENANCE 868 FOLSOM STREET SAN FRANCISCO CA 94107 BUILDING MAINTENANCE SERVICES 516041 IN & OUT PLUMBING AND CONSTRUCTION 1515 GREENWICH STREET SAN FRANCISCO CA 94123 PLUMBING SERVICES 336646 10 7703854 50294 7754148 EVENT REVENUE 713990 1872995 1872995 YERBA BUENA GARDENS RENTAL REV 532000 1808021 1808021 3681016 248962 248962 SETTLEMENT PROCEEDS 900099 140897 140897 MISCELLANEOUS REVENUE 900099 6985 6985 147882 11832008 3681016 0 396844 X 1896500 1896500 256817 187827 68990 1309319 960548 348771 36701 26354 10347 405687 291312 114375 183655 131877 51778 64941 64941 103714 103714 2527173 2526463 710 78705 78705 11296 9333 1963 88818 79186 9632 501426 501426 5076 4194 882 6537 5401 1136 25135 20767 4368 148323 148323 CAPITAL EXPENDITURES 2249010 2249010 MAINTENANCE & REPAIRS 449650 449650 MATERIALS & SUPPLIES 294575 294575 BAD DEBT EXPENSES 55576 55576 71035 62984 8051 10769669 10093090 676579 0 250000 1656960 8024430 6121313 1739044 1258118 2217699 2974412 15307 30970 182243 32388 131771 149855 137161037 133654029 149539288 145845657 1773459 1019547 426142 11521 2199601 1031068 X 8472489 10223451 138867198 134591138 147339687 144814589 149539288 145845657 1062339 -3587437 0 X 0 1 X 1 1 1 X 18237744 6231372 6261900 9776226 7754148 48261390 18237744 6231372 6261900 9776226 7754148 48261390 48261390 141385 4891 18438 144209 248962 557885 119605 110305 147882 377792 49197067 9840676 0.98100 0.98690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2020 AMOUNT: $ 119,605. 2021 AMOUNT: $ 110,305. SETTLEMENT PROCEEDS - 2023 AMOUNT: $ 140,897. MISCELLANEOUS REVENUE - 2023 AMOUNT: $ 6,985. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76944 14404 62540 93674 17984 75690 11625 11625 149855 DUE FROM CITY OF SAN FRANCISCO 321009 CONTRIBUTED RIGHT-OF-USE ASSET 133333020 133654029 X 11832008 0 11832008 0 11832008 14357106 3587437 3587437 10769669 0 10769669 PART X, LINE 2: THE CONSERVANCY RECOGNIZES A THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN AND REQUIRES THE AFFIRMATIVE EVALUATION THAT IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS OF A TAX POSITION, THAT AN ORGANIZATION IS ENTITLED TO ECONOMIC BENEFITS RESULTING FROM TAX POSITIONS TAKEN IN INCOME TAX RETURNS. FOR TAX-EXEMPT ENTITIES, FAVORABLE TAX STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. IF A TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE CONSERVANCY'S EVALUATIONS ON JUNE 30, 2024 AND 2023, REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. 1 YERBA BUENA CENTER FOR THE ARTS 701 MISSION STREET SAN FRANCISCO CA 94103 943042571 501(C)(3) 1354500 0 TO SUPPORT PROGRAMS GENERATING ART AND CULTURE CHILDREN'S CREATIVITY MUSEUM 221 FOURTH STREET SAN FRANCISCO CA 94103 943178735 501(C)(3) 480000 0 TO SUPPORT PROGRAMS NURTURING CREATIVITY AND COLLABORATION IN CHILDREN AND FAMILIES YERBA BUENA ARTS & EVENTS DBA YERBA BUENA GARDENS FESTIVAL 760 HOWARD STREET SAN FRANCISCO CA 94103 943368964 501(C)(3) 62000 0 TO SUPPORT PROGRAMS GENERATING PERFORMING ARTS PROGRAMS 3 0 PART I, LINE 2: THE ORGANIZATION MAINTAINS A CLOSE, CONTINUOUS WORKING RELATIONSHIP WITH THE GRANTEES (AS THE GRANTEES HAVE PHYSICAL PRESENCE WITHIN THE YERBA BUENA GARDENS), WHICH ENSURES GRANT FUNDS ARE USED TO SUPPORT PROGRAMS PROVIDING ARTS AND CULTURE FOR SAN FRANCISCO RESIDENTS. ADDITIONALLY, THE GRANTEES AND THE YERBA BUENA GARDENS CONSERVANCY HAVE OVERLAPPING BOARD MEMBERS/OFFICERS, AND ON OCCASION YERBA BUENA GARDENS CONSERVANCY WILL RECEIVE REPORTS ON HOW GRANT FUNDS ARE BEING SPENT. X X 0 0 0 0 0 0 0 0 0 ANDREW GILLESPIE CHIEF ENGINEER 164490 0 0 0 0 0 31203 0 28944 0 224637 0 0 0 SUBHAJEET SEVE GHOSE EXECUTIVE DIRECTOR 186194 0 0 0 0 0 9227 0 21372 0 216793 0 0 0 LEOPOLDO DIAZ STATIONARY ENGINEER 130509 0 0 0 0 0 33198 0 32296 0 196003 0 0 0 BRIANA MAUGHAN GENERAL MANAGER YB GARDENS 145204 0 0 0 0 0 7254 0 6585 0 159043 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS DEFINE A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION OR OTHER LEGAL ENTITY) WHO HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE, INCLUDING ELECTING MEMBERS OF THE GOVERNING BODY. AS SUCH, IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, YERBA BUENA GARDENS CONSERVANCY HAS ONE MEMBER: THE CITY AND COUNTY OF SAN FRANCISCO. FORM 990, PART VI, SECTION A, LINE 7A THE CITY AND COUNTY OF SAN FRANCISCO CAN ELECT UP TO 7 MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARATION FIRM. MANAGEMENT OF THE ORGANIZATION THEN REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY UNRESOLVED QUESTIONS. A COMPLETE COPY OF THE FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL INTERESTED PERSONS (INCLUDING OFFICERS AND BOARD MEMBERS) SHALL MAKE APPROPRIATE DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE BOARD OR DELEGATED BOARD COMMITTEE: (I) ANNUALLY, THROUGH ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS, AND (II) ONGOING THROUGHOUT THE YEAR AT ANY TIME THAT ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES. AFTER DISCLOSURE OF ALL MATERIAL FACTS AND ANY FOLLOW-UP DISCUSSION WITH THE INTERESTED PERSON REGARDING A POTENTIAL CONFLICT OF INTEREST, INDEPENDENT MEMBERS OF THE BOARD MAKE A DETERMINATION OF WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. PRIOR TO VOTING ON A CONTRACT, TRANSACTION, OR MATTER IN WHICH AN ACTUAL CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD OR BOARD COMMITTEE: (I) ALLOWS THE INTERESTED PERSON TO MAKE A PRESENTATION ON THE MATTER, AND (II) MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO DETERMINE IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES. APPROVAL OF TRANSACTION WHICH PRESENT AN ACTUAL CONFLICT OF INTEREST REQUIRE A MAJORITY VOTE OF DISINTERESTED DIRECTORS. THE RECORDINGS OF THE PROCEEDINGS ARE DOCUMENTED IN THE BOARD OR BOARD COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY MEMBERS OF THE BOARD OF DIRECTORS, WHO UTILIZES COMPARATIVE COMPENSATION DATA FROM SIMILARLY SITUATED ORGANIZATIONS IN MAKING THEIR DETERMINATION. THIS PROCESS IS CONTEMPORANEOUSLY SUBSTANTIATED VIA MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SECURITY SERVICES: PROGRAM SERVICE EXPENSES 879,306. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 879,306. JANITORIAL SERVICES: PROGRAM SERVICE EXPENSES 802,535. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 802,535. LANDSCAPE SERVICES: PROGRAM SERVICE EXPENSES 765,533. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 765,533. ELEVATOR SERVICES: PROGRAM SERVICE EXPENSES 36,746. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,746. HVAC SERVICES: PROGRAM SERVICE EXPENSES 26,259. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,259. GENERAL CONSULTANTS: PROGRAM SERVICE EXPENSES 14,277. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,277. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 1,807. MANAGEMENT AND GENERAL EXPENSES 710. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,517.