2024-08-20T10:54:13-05:00 2022-08-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2021-09-01 941156284 SAN FRANCISCO SYMPHONY SANF 4155528000 DAVIES SYMPHONY HALL 201 VAN NESS SAN FRANCISCO CA 941024585 SANDRA L CURRY CHIEF FINANCIAL OFFICER 4155528000 2024-08-19 1 ERIN COUTURE P01390592 6177237900 2021 2024-08-08 14:25:15Z X PRISCILLA GEESLIN DAVIES SYMPHONY HALL 201 VAN NESS SAN FRANCISCO CA 941024585 539814894 0 X WWW.SFSYMPHONY.ORG X 1910 CA TO INSPIRE AND SERVE AUDIENCES AND COMMUNITIES THROUGHOUT THE BAY AREA (CONTINUED ON SCH O) AND THE WORLD THROUGH THE POWER OF MUSICAL PERFORMANCE. 56 56 651 1500 810301 690953 53012650 41116094 1358354 19292836 12406181 85076703 -351283 -492523 66425902 144993110 30850 20000 0 0 42086334 49072346 127139 177074 4766565 11549528 24418794 53793851 73688214 12632051 71304896 429119299 376736007 29816618 18976919 399302681 357759088 X THE SAN FRANCISCO SYMPHONY EXISTS TO INSPIRE AND SERVE AUDIENCES AND COMMUNITIES THROUGHOUT THE BAY AREA AND THE WORLD THROUGH THE POWER OF MUSICAL PERFORMANCE. 0 0 55125144 10000 19723921 THROUGH ITS ARTISTIC, EDUCATION, AND COMMUNITY PROGRAMS, THE SAN FRANCISCO SYMPHONY SERVES MORE THAN 400,000 BAY AREA RESIDENTS AND VISITORS OF EVERY ECONOMIC AND CULTURAL BACKGROUND IN OVER 220 CONCERTS FROM SEPTEMBER THROUGH AUGUST 2022.THE SYMPHONY ADDITIONALLY REACHES MILLIONS OF OTHERS THROUGHOUT THE UNITED STATES AND ABROAD THROUGH TOURING, RECORDING, DIGITAL PERFORMANCE, AND RADIO AND TELEVISION BROADCASTS. (CONTINUED ON SCHEDULE O)THE GRAMMY AWARD WINNING SAN FRANCISCO SYMPHONY IS REGARDED INTERNATIONALLY AS ONE OF THE FOREMOST AMERICAN ORCHESTRAS. UNDER MUSIC DIRECTOR ESA-PEKKA SALONEN, THE SYMPHONY OFFERS EXCITING CLASSICAL PROGRAMS WITH INTERNATIONALLY ACCLAIMED GUEST ARTISTS IN ITS 100+ CONCERT SUBSCRIPTION SERIES. 1977660 10000 IN PARTNERSHIP WITH THE SAN FRANCISCO UNIFIED SCHOOL DISTRICT, THE SAN FRANCISCO SYMPHONY PROVIDES COMPREHENSIVE MUSIC EDUCATION TO EVERY STUDENT IN GRADES 1-5 IN SAN FRANCISCO'S PUBLIC ELEMENTARY SCHOOLS THROUGH ADVENTURES IN MUSIC, AND SUPPORTS EVERY PUBLIC MIDDLE AND HIGH SCHOOL BAND AND ORCHESTRA PROGRAM THROUGH MUSIC AND MENTORS. 57102804 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 234 0 1 651 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 56 56 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JUDI SANDERLIN CONTROLLER 4155528000 DAVIES SYMPHONY HALL 201 VAN NESS SAN FRANCISCO CA 941024585 PRISCILLA B GEESLIN PRESIDENT 30.00 0.00 X X 0 0 0 MATT COHLER VICE PRESIDENT/JOINT ARTISTIC 8.00 0.00 X X 0 0 0 GAIL COVINGTON VICE PRESIDENT/COMMITTEE ON GOVERNOR 8.00 0.00 X X 0 0 0 TRINE SORENSEN VICE PRESIDENT/DEVELOPMENT 8.00 0.00 X X 0 0 0 ROBERT G ODONNELL TREASURER 8.00 0.00 X X 0 0 0 LYDIA I BEEBE SECRETARY 8.00 0.00 X X 0 0 0 AIDA M ALVAREZ MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 NANCY H BECHTLE THRU 112021 MEMBER, BOARD OF GOVERNORS 8.00 0.00 X 0 0 0 DAVID J BERGER MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 JEFF BHARKHDA MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 PAULA BLANK MEMBER, BOARD OF GOVERNORS 5.00 0.00 X 0 0 0 CAROL CASEY MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 DEAN CASH MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 IRIS CHAN MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 LUCAS CHANG MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 TIFFANY CHANG MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 JOHN S CHEN MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 DAN COOPERMAN MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 MICHELE BEIGEL CORASH MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 JEROME DODSON AS OF 102021 MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MARY C FALVEY MEMBER, BOARD OF GOVERNORS 7.00 0.00 X 0 0 0 SAKURAKO FISHER MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MARY A FRANCIS MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 JACK VAN GEEM MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 GORDON P GETTY MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 JOHN D GOLDMAN MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 JEROME M GUILLEN MEMBER, BOARD OF GOVERNORS 6.00 0.00 X 0 0 0 JIM HENRY MEMBER, BOARD OF GOVERNORS 6.00 0.00 X 0 0 0 PATRICIA LEE-HOFFMANN MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 ADITI IYER MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 BASHEER JANJUA MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 GREGORY E JOHNSON MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MARK A JUNG MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 GRETCHEN KIMBALL MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 F CURT KIRSCHNER MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 METTA KRACH MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MAX LEVCHIN MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 ERIC X LI MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 MARC T MACAULAY MEMBER, BOARD OF GOVERNORS 6.00 0.00 X 0 0 0 RAJ MATHAI MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 VINCENT MATTHEWS MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 ALAN MAY MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 PATRICK MCCABE MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 DEBRA MCCOY MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 ANDREA PALMER MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 ANN PARAS MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 MARK C PERRY MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 PATRICIA CALFEE-PICACHE MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MICHAEL PIERCE MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 FREDERIC SEEGAL MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 CHARLOTTE SHULTZ THRU 122021 MEMBER, BOARD OF GOVERNORS 1.00 0.00 X 0 0 0 ROBERT THOMPSON MEMBER, BOARD OF GOVERNORS 6.00 0.00 X 0 0 0 ZACHARY TOWNSEND MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 ROBERT R TUFTS MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 ISABEL VALDES MEMBER, BOARD OF GOVERNORS 4.00 0.00 X 0 0 0 GE WANG MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 MARC WINNIFORD MEMBER, BOARD OF GOVERNORS 2.00 0.00 X 0 0 0 ANITA WORNICK MEMBER, BOARD OF GOVERNORS 3.00 0.00 X 0 0 0 MATTHEW SPIVEY INTERIM CEO 40.00 0.00 X 300511 0 29538 SANDRA CURRY CFO (BEG 12/2021) 40.00 0.00 X 0 0 0 ELIZABETH PESCH CFO (THRU 01/2022) 40.00 0.00 X 288857 0 6763 DANIEL COLEMAN SR. DIR. OF DEV. (THRU 12/2021) 40.00 0.00 X 266980 0 5310 ALEXANDER BARANTSCHIK CONCERTMASTER 40.00 0.00 X 317113 0 53287 TIMOTHY HIGGINS PRINCIPAL TROMBONE 40.00 0.00 X 215474 0 59601 MARK INOUYE PRINCIPAL TRUMPET 40.00 0.00 X 223028 0 47965 EUGENE IZOTOV PRINCIPAL OBOE 40.00 0.00 X 244970 0 24651 MARK HANSON FORMER CEO 0.00 0.00 X 1094874 0 21740 2951807 0 248855 129 1 1 0 KARAWANE INC 400 NORTH ROXBURY DRIVE BEVERLY HILLS CA 90210 MUSIC DIRECTOR 1473275 CLIFTONLARSONALLEN LLP 60 SOUTH MARKET STREET SUITE 1550 SAN JOSE CA 95113 ACCOUNTING SERVICES 517032 ARMANINO LLP 12657 ALCOSTA BLVD SUITE 500 SAN RAMON CA 94583 AUDIT/TAX SERVICES 314212 BPM ONE CALIFORNIA STREET SUITE 2500 SAN FRANCISCO CA 94111 CONSULTING SERVICES 310996 METRO INTERNATIONAL 1774 CAPISTRANO AVENUE BERKELEY CA 94707 PRINTING SERVICES 198450 7 5830 1448983 2076693 37584588 2836190 41116094 CONCERT AND RELATED EV 711130 19116157 19116157 VOLUNTEER COUNCIL 711130 176679 176679 19292836 3670986 810301 2860685 446053 446053 29840 57010 29840 0 0 57010 57010 57010 474435743 393030026 81405717 81405717 81405717 321603 1448983 1748274 -1426671 -1426671 38400 13644 24756 24756 RECITALS/PERFORMANCES 711130 228674 228674 VOLUNTEER COMMITTEE 900099 105792 105792 MISCELLANEOUS 900099 71863 71863 406329 144993110 19723921 810301 83342794 X 20000 20000 1552306 52977 1016234 483095 35753128 31431523 1979099 2342506 2204315 1635353 487549 81413 6857171 5655598 524932 676641 2705426 2335164 167117 203145 2202329 589783 1500247 112299 282027 282027 204230 204230 32400 32400 177074 177074 1205868 1205868 9367586 7774313 961279 631994 2579150 2579150 472703 397263 75440 434303 361919 72384 1355743 951326 404417 317460 240962 41903 34595 95867 95867 2298901 1976616 298482 23803 413198 82063 331135 LICENSES AND PERMITS 812019 812019 PRODUCTION SUPPLIES 552403 552403 PRINTING AND BROCHURES 246061 233032 13029 OTHER SUPPLIES 236992 233359 3633 1309554 1309554 73688214 57102804 11818845 4766565 22509570 8159190 328805 430324 11774202 5218634 4809545 6912054 399633 2816486 2883206 211104 34664 1445856 1864478 41533581 23507208 19104422 18026373 276515750 120796593 79674966 202657735 9528960 9752756 429119299 376736007 9359916 7201570 8098341 8913262 12358361 2862087 29816618 18976919 X 35083161 33173303 364219520 324585785 399302681 357759088 429119299 376736007 X 71304896 -125991765 13143276 X 0 1 X 1 1 1 X 41942469 42113427 46481549 53012650 41116094 224666189 41942469 42113427 46481549 53012650 41116094 224666189 23875006 200791183 4860874 5369909 5059018 4219248 4203889 23712938 132276 98825 35552 22769 690953 980375 907323 868277 962308 242282 727932 3708122 253067624 91646076 0.79340 0.77120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2017 AMOUNT: $ 891,052. 2018 AMOUNT: $ 836,561. 2019 AMOUNT: $ 903,481. 2020 AMOUNT: $ 224,115. 2021 AMOUNT: $ 321,603. MISCELLANEOUS INCOME - 2017 AMOUNT: $ 16,271. 2018 AMOUNT: $ 31,716. 2019 AMOUNT: $ 58,827. 2020 AMOUNT: $ 18,167. 2021 AMOUNT: $ 406,329. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32400 32400 75924892 75957292 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 49400 36000 36000 32400 153800 250000 250000 250000 250000 1000000 1500000 X X X REPLICA FOR ANNUAL POSTER 0 364492063 17645169 -40918560 15139051 326079621 293697954 8555472 75404113 13165476 364492063 280638948 2976252 26260000 16177246 293697954 301999893 785026 4104155 26250126 280638948 314808035 6910962 26116171 45835275 301999893 0.05509 0.94490 0.00000 1 0 20817530 17283686 3533844 20656862 6223522 14433340 59189 59189 18026373 LIMITED PARTNERSHIPS AND OTHERS 202657735 F 202657735 LIABILITES TO BENEFICIARY OF SPLIT INT. AGREEMENTS 2631167 PENSION BENEFIT LIABILITIES 230920 2862087 X 33207831 -125991765 477320 13143276 -112371169 145579000 1205868 -1791758 -585890 144993110 74751424 477320 1791758 2269078 72482346 1205868 1205868 73688214 PART III, LINE 4: THE SYMPHONY MAINTAINS A COLLECTION OF FINE-STRINGED INSTRUMENTS THAT ARE USED BY ORCHESTRA MEMBERS TO ENHANCE THE SOUND AND PERFORMANCE OF ORCHESTRAL PIECES. THESE INSTRUMENTS ARE ON LOAN TO TENURED MUSICIANS. PART V, LINE 4: THE SYMPHONY'S ENDOWMENT PLAYS A VITAL ROLE IN PROVIDING THE FINANCIAL SUPPORT AND STABILITY THAT FURTHER THE SYMPHONY'S MISSION: TO INSPIRE AND SERVE AUDIENCES AND COMMUNITIES THROUGHOUT THE BAY AREA AND THE WORLD THROUGH THE POWER OF MUSICAL PERFORMANCE. PART X, LINE 2: THE SFS IS A NONPROFIT ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE STATE OF CALIFORNIA EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE. THE SFS EVALUATED ITS CURRENT TAX POSITIONS AND CONCLUDED THAT AS OF AUGUST 31, 2022 AND 2021, THE SFS DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. FOR STATE TAX PURPOSES, THE SFS IS GENERALLY NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2018. FOR FEDERAL TAX PURPOSES, THE SFS IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN PENSION BENEFIT LIABILITIES 13,143,276. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -1,748,274. COST OF GOODS SOLD -13,644. RENTAL EXPENSES -29,840. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 1,748,274. COST OF GOODS SOLD 13,644. RENTAL EXPENSES 29,840. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 157077500 0 0 0 0 0 0 157077500 0 157077500 1 0 0 0 1 0 PART III ACCOUNTING METHOD: X 1 ARTSMARKETING SERVICES 260 KING STREET EAST SUITE 500 TORONTO CA M5A 4L5 CONSULT & SOLICIT FOR TELEFUNDING 0 487549 177074 310475 487549 177074 310475 CA OPENING GALA 1075218 876572 198646 98395 315726 479035 426267 DECK THE HALL I 380257 310211 70046 27411 31042 104316 165697 1 315111 262200 52911 5085 332 52600 42368 1770586 1448983 321603 130891 347100 635951 634332 1748274 -1426671 1 OAKLAND SYMPHONY 1440 BROADWAY 405 OAKLAND CA 94612 943081554 501(C)(3) 10000 0 ENCOURAGE PARTICIPATION IN THE ARTS JAMESTOWN COMMUNITY CENTER 2929 19TH STREET SAN FRANCISCO CA 94110 943213124 501(C)(3) 10000 0 ENCOURAGE PARTICIPATION IN THE ARTS 2 0 PART I, LINE 2 THE SYMPHONY DONATES TICKETS TO VARIOUS ORGANIZATIONS, PREDOMINANTLY RELATED TO EDUCATION. SYMPHONY STAFF MEMBER(S) WORK DIRECTLY WITH THE SCHOOLS AND ATTEND CONCERTS TO PERSONALLY WELCOME THE TEACHERS AND STUDENTS WHO ARE ATTENDING THESE CONCERTS. X X 0 0 X X X X 1 0 0 0 0 0 0 0 0 MARK HANSON FORMER CEO 644332 0 10644 0 439898 0 12450 0 9290 0 1116614 0 0 0 ALEXANDER BARANTSCHIK CONCERTMASTER 201530 0 115583 0 0 0 41440 0 11847 0 370400 0 0 0 MATTHEW SPIVEY INTERIM CEO 300511 0 0 0 0 0 4406 0 25132 0 330049 0 0 0 ELIZABETH PESCH CFO (THRU 01/2022) 288857 0 0 0 0 0 2157 0 4606 0 295620 0 0 0 TIMOTHY HIGGINS PRINCIPAL TROMBONE 174521 0 40953 0 0 0 20720 0 38881 0 275075 0 0 0 DANIEL COLEMAN SR. DIR. OF DEV. (THRU 12/2021) 185438 0 0 0 81542 0 704 0 4606 0 272290 0 0 0 MARK INOUYE PRINCIPAL TRUMPET 171358 0 51670 0 0 0 34040 0 13925 0 270993 0 0 0 EUGENE IZOTOV PRINCIPAL OBOE 158329 0 86641 0 0 0 12086 0 12565 0 269621 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED TAX IDEMNIFICATION BENEFITS TO FORMER CEO, MARK HANSON, RELATED TO THE HOME LOAN AGREEMENT. THE FORGIVABLE HOME LOAN WAS INCLUDED IN THE FORMER CEO'S W-2 AND GROSSED UP TO COVER THE TAXABLE PORTION. MATTHEW SPIVEY RECEIVED FIRST-CLASS TRAVEL BENEFITS AFTER ASSUMING THE INTERIM CEO ROLE. PART I, LINE 4A DURING 2021, THE ORGANIZATION REPORTED SEVERANCE PAYMENTS INCLUDED ON SCHEDULE J, PART I, COLUMN B(III) FOR THE FORMER CEO AND THE FORMER SENIOR DIRECTOR OF DEVELOPMENT. THESE INDIVIDUALS RECEIVED SEVERANCE PAYMENTS OF THE FOLLOWING: MARK HANSON: $278,800 DANIEL COLEMAN: $81,542 X 14 8190 FAIR MARKET VALUE X 1322 FAIR MARKET VALUE X 10776 SALES PRICE X 22 2703738 FAIR MARKET VALUE X 3 1282 FAIR MARKET VALUE X 33 68764 SALES PRICE X 1 13200 SALES PRICE X EVENT TICKETS 49 28918 SALES PRICE 33 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED ON SCHEDULE M, PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE. GENERAL EXPLANATION: THE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS FILED UNDER CALIFORNIA SEVERE WINTER STORMS, FLOODING, LANDSLIDES, & MUDSLIDES FEMA EM-3592-CA WHICH POSTPONES THE TIME FILE RETURNS, PAY TAXES AND PERFORM OTHER TIME-SENSITIVE ACTS TO OCTOBER 16, 2023. FORM 990, HEADER, BOX B, AMENDED RETURN: THIS FORM 990 HAS BEEN AMENDED FROM THE ORIGINAL FILING BECAUSE THE INDEPENDENT CONTRACTORS LISTED ON PART VII, SECTION B AND THE TOTAL INDEPENDENT CONTRACTOR COUNT WERE INADVERTENLY REPORTED FROM CALENDAR YEAR 2022 RATHER THAN CALENDAR YEAR 2021, WHICH IS REQUIRED CALENDAR YEAR WITH THE FILING TAX YEAR. AS SUCH, THE ORGANIZATION IS AMENDING THE ORIGINAL RETURN TO ACCURATELY REFLECT THE HIGHEST REPORTABLE INDEPENDENT CONTRACTORS AND TOTAL COUNT PAID OVER $100,000 FOR TAX YEAR 2021. CHANGES TO THE ORIGINAL FILING ARE REFLECTED ON PART VII, SECTION B. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO BPM FOR CFO SERVICES. DURING 2021, BPM WAS COMPENSATED $48,294. FORM 990, PART VI, SECTION B, LINE 11B ON BEHALF OF THE BOARD OF GOVERNORS, THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY TO REVIEW THE SYMPHONY'S FORM 990 BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. THE COMMITTEE IS PROVIDED WITH A COMPLETE COPY OF THE FILING, INCLUDING ALL SUPPORTING SCHEDULES AND ATTACHMENTS. A MEETING OF THE AUDIT COMMITTEE (EITHER IN PERSON OR VIA ELECTRONIC MEANS) SHALL BE HELD TO REVIEW THE 990 FORM WITH MANAGEMENT AND/OR THE PREPARERS. ALL QUESTIONS, COMMENTS AND SUGGESTED REVISIONS SET FORTH BY THE AUDIT COMMITTEE WILL BE DOCUMENTED ALONG WITH THE RESPONSES, IF APPLICABLE, AND THE FILING UPDATED OR REVISED AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C THE SYMPHONY'S CONFLICT OF INTEREST POLICY COVERS MEMBERS OF THE BOARD OF GOVERNORS AND THE EXECUTIVE LEADERSHIP TEAM. THE POLICY IS REVIEWED ANNUALLY BY THE AUDIT COMMITTEE. PER THE POLICY, EACH BOARD MEMBER AND EXECUTIVE TEAM MEMBER COMPLETE AN ANNUAL DISCLOSURE FORM TO IDENTIFY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE (COMMITTEE) OF THE BOARD OF GOVERNORS APPROVES THE COMPENSATION PACKAGE OF THE CHIEF EXECUTIVE OFFICER (CEO), THE MUSIC DIRECTOR, AND THE CHIEF FINANCIAL OFFICER (CFO) OF THE SYMPHONY. THE COMMITTEE WILL MEET ANNUALLY TO REVIEW AND APPROVE THE COMPENSATION AND BENEFIT PACKAGES FOR THE CEO AND CFO. THE COMMITTEE RELIES ON COMPARABILITY DATA PREPARED BY THE DIRECTOR OF HUMAN RESOURCES FOR THE SAME OR SIMILAR POSITIONS IN COMPARABLE ORCHESTRAS IN THE UNITED STATES AND SIMILAR POSITIONS FOR NON-PROFITS IN THE SAN FRANCISCO BAY AREA. SIMILARLY, THE COMMITTEE PROVIDES GUIDELINES FOR NEGOTIATION OF COLLECTIVE BARGAINING AGREEMENTS, INCLUDING TOTAL COST GUIDELINES DEVELOPED IN CONSULTATION WITH THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED ORGANIZATIONAL DOCUMENTS OF THE SYMPHONY WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT DAVIES SYMPHONY HALL DURING NORMAL BUSINESS HOURS AT NO CHARGE. THE PUBLIC INSPECTION COPY OF THE SYMPHONY'S FORM 990 AND THE AUDITED FINANCIAL REPORTS, FROM THE PREVIOUS FIVE YEARS (AT A MINIMUM), WILL BE AVAILABLE (FOR INSPECTION OR COPYING) AT DAVIES SYMPHONY HALL DURING NORMAL BUSINESS HOURS AT NO CHARGE. WHEN RESPONDING TO A PUBLIC INSPECTION REQUEST FOR FINANCIAL STATEMENTS OR THE FORM 990 BY ANYONE, THE SYMPHONY SHALL FULFILL SUCH REQUEST IN A TIMELY FASHION WITHOUT INQUIRING AS TO THE REASON FOR THE PUBLIC INSPECTION REQUEST. IN ADDITION, THE SYMPHONY'S FORM 990 IS AVAILABLE TO THE PUBLIC ON THE INTERNET AT GUIDESTAR AND ON THE COMPANY'S MAIN WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,823,662. MANAGEMENT AND GENERAL EXPENSES 598,408. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,422,070. GUEST CONDUCTORS AND ARTISTS: PROGRAM SERVICE EXPENSES 4,462,774. MANAGEMENT AND GENERAL EXPENSES 5,995. FUNDRAISING EXPENSES 102,256. TOTAL EXPENSES 4,571,025. PURCHASED SERVICES: PROGRAM SERVICE EXPENSES 1,487,877. MANAGEMENT AND GENERAL EXPENSES 356,876. FUNDRAISING EXPENSES 529,738. TOTAL EXPENSES 2,374,491. FORM 990, PART XI, LINE 9: CHANGE IN PENSION BENEFIT LIABILITIES 13,143,276.