2026-04-16T17:01:49-05:00 2025-06-30 932001788 BRYMAR CPA LLP 17 ASPEN WAY WATSONVILLE CA 95076 990 2024-07-01 320083030 SYMPHONY SAN JOSE SYMP 4082862600 325 S 1ST ST 160 SAN JOSE CA 95113 ROBERT MASSEY CEO & EXECUTIVE ARTISTIC DIRECTOR 4082862600 2026-04-07 1 1 MICHAEL J BRYANT P01568974 8312881720 2024 2025-03-06 01:10:19Z ROBERT MASSEY 325 S 1ST ST 160 SAN JOSE CA 95113 4420203 0 X WWW. SYMPHONYSANJOSE.ORG X 2003 CA TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS. 9 9 458 40 0 0 1087050 2381596 983471 1774846 100275 203601 1574 14094 2172370 4374137 0 0 0 0 2006103 2240541 0 0 154934 868537 973892 2874640 3214433 -702270 1159704 3304964 4477146 766886 779364 2538078 3697782 X TO PROVIDE ORCHESTRAL MUSIC PERFORMANCES, EDUCATIONAL SERVICES, AND ARTS ADVOCACY PROGRAMS TO THE GREATER SILICON VALLEY REGION. 0 0 1777155 1001389 SUBSCRIPTION SERIES - THE CORNERSTONE OF THE SYMPHONY'S ARTISTIC SEASON IS ITS 14-CONCERT SUBSCRIPTION SERIES. THESE PROGRAMS SERVE APPROXIMATELY 14,000, 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 WORLD-RENOWN GUEST ARTISTS AS SOLOISTS. THE EXECUTIVE ARTISTIC DIRECTOR DESIGNS EACH PROGRAM, DRAWING ON THE MASTERY OF THE ORCHESTRA, CONDUCTOR, AND SOLOIST, PROVIDING STIMULATING CONCERT EXPERIENCES TO AUDIENCES. 806176 745285 SPECIAL PRESENTATIONS - THE SYMPHONY'S NON-SUBSCRIPTION OFFERINGS THIS YEAR INCLUDED AN 11-PERFORMANCE RUN OF THE NUTCRACKER, AS WELL AS THE ANNUAL HOLIDAY SPECTACULAR PRODUCTION AND AN EVENT AT MOUNTAIN WINERY FEATURING ARTURO SANDOVAL. THESE CONCERTS ATTRACTED NEARLY 10,000 AUDIENCE MEMBERS, MOST OF WHOM WERE NEW ATTENDEES TO THE SYMPHONY. 59985 26245 CHORALE PROGRAMS - THESE CONCERTS FEATURE THE SYMPHONY SAN JOSE CHORALE AND INCLUDE AN ANNUAL FALL AND SPRING CONCERT IN LOCAL CHURCHES, ATTRACTING APPROXIMATELY 1,000 PATRONS. 53771 1927 OTHER PROGRAM SERVICES 53771 1927 2697087 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 1 458 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ROBERT MASSEY 4082862600 325 S 1ST ST 160 SAN JOSE CA 95113 NANCY JOHNSON CHAIR 5.00 X X 0 0 0 NICHOLAS ADAMS VICE CHAIR 1.00 X X 0 0 0 JAMES WILLIAMS TREASURER 5.00 X X 0 0 0 SARALYN WINSLOW SECRETARY 1.00 X X 0 0 0 SHARYN BIRES DIRECTOR 1.00 X 0 0 0 BUNNY LADEN DIRECTOR 1.00 X 0 0 0 VINCENT SUNZERI DIRECTOR 1.00 X 0 0 0 AHMAD THOMAS DIRECTOR 1.00 X 0 0 0 SCOTT YOKIM DIRECTOR 1.00 X 0 0 0 ROBERT MASSEY CEO & ARTISTIC DIRECTOR 40.00 X 177070 0 10184 BECK ENGWERDA DEVELOPMENT DIRECTOR 40.00 X 111458 0 0 288528 0 10184 2 0 1 0 0 184381 2197215 12900 2381596 SINGLE TICKET SALES 711130 1207259 1207259 SUBSCRIPTION TICKET SA 711130 452894 452894 PERFORMANCE FEES 711130 87980 87980 CHORALE TUITION & FEES 711130 14925 14925 OTHER EARNED INCOME 711130 11788 11788 1774846 203601 203601 57839 46066 11773 11773 MISCELLANEOUS INCOME 900099 2321 2321 2321 4374137 1774846 0 217695 298712 140441 28088 130183 1745871 1698638 35195 12038 26976 18829 5545 2602 168982 149873 8998 10111 474 474 104932 104932 265394 263663 1431 300 99218 16395 82622 201 177149 116771 60378 5102 5102 31588 29592 1996 32555 8146 24409 PRODUCTION EXPENSES 217910 164066 8344 45500 BOX OFFICE EXPENSES 85636 85571 65 FUNDRAISING EXPENSES -46066 -46066 3214433 2697087 362412 154934 193355 459381 9191 8653 6222 5321 63051 42076 400500 291312 105196 109188 2871238 3552630 56711 299897 3304964 4477146 97547 38938 414247 430693 195000 0 60092 309733 766886 779364 X 210586 1176202 2327492 2521580 2538078 3697782 3304964 4477146 1159704 0 X X 0 1 X 1 0 X 1834532 2783193 1189615 1087050 2381596 9275986 1834532 2783193 1189615 1087050 2381596 9275986 9275986 71096 123296 90562 93583 203601 582138 1574 11773 13347 9871471 4242152 0.93970 0.89390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2871238 627796 203599 150000 3552633 2541200 495038 165000 2871238 2859493 269503 587796 2541200 3261974 -302481 100000 2859493 2449542 450000 482432 120000 3261974 0.33832 0.57454 0.08714 0 0 400500 291312 109188 109188 RIGHT-OF-USE ASSET:ROU ASSET - LEASE 299897 299897 LEASE LIABILITY:LEASE LIABILITY - SHORT TERM 51227 LEASE LIABILITY:LEASE LIABILITY -LONG TERM 248670 ANNUITY 9836 309733 X 4374137 0 4374137 0 4374137 3214433 0 3214433 0 3214433 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 27% 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: THE SYMPHONY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE TAXATION CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING STATEMENTS. IN ADDITION, THE SYMPHONY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) (1) OF THE INTERNAL REVENUE CODE. 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, 2022 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SYMPHONY'S CALIFORNIA RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2021 AND BEYOND REMAIN SUBJECT TO POSSIBLE EXAMINATION BY THE FRANCHISE TAX BOARD. OPENING NIGHT 10/5/2024 57839 57839 46066 57839 57839 46066 46066 11773 X X X X X X 0 0 0 0 0 0 0 0 0 ROBERT MASSEY CEO & ARTISTIC DIRECTOR 177070 0 0 0 0 0 0 0 10184 0 187254 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SCANNED AND EMAILED 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 CEO 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 CEO'S BOARD FILES. BOARD MEMBERS ARE REQUIRED TO REPORT TO THE CEO 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 CEO 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 CEO'S PERSONNEL FILES. MOST RECENTLY, THE CEO'S COMPENSATIONS WERE REVIEWED IN CONNECTION WITH THE ANNUAL PERFORMANCE REVIEW. 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. FORM 990 PART XII LINE 2C THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.