2025-05-08T08:22:31-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 941415298 SAN FRANCISCO BALLET ASSOCIATION SANF 4158615600 455 FRANKLIN STREET SAN FRANCISCO CA 94102 LYNDA GUSTAFSON INTERIM CFO 4158615600 2025-05-07 1 1 DANIEL ROMANO P00504182 2125990100 2023 2025-03-06 01:10:19Z BRANISLAV HENSELMANN 455 FRANKLIN STREET SAN FRANCISCO CA 94102 79815935 0 X WWW.SFBALLET.ORG X 1933 CA SF BALLET'S MISSION IS TO SHARE OUR JOY OF DANCE WITH THE WIDEST POSSIBLE AUDIENCE. (SEE SCH. O) SF BALLET AIMS TO REACH AUDIENCES BOTH LOCALLY AND AROUND THE WORLD AND TO PROVIDE THE HIGHEST CALIBER OF DANCE TRAINING IN OUR SCHOOL. WE SEEK TO ENHANCE OUR POSITION AS ONE OF THE WORLD'S FINEST DANCE COMPANIES THROUGH OUR VITALITY, INNOVATION, AND DIVERSITY AND THROUGH OUR UNCOMPROMISING COMMITMENT TO ARTISTIC EXCELLENCE BASED IN THE CLASSICAL BALLET TRADITION. 56 55 804 505 180622 131683 32844330 38640446 26735990 31636111 237821 275325 -65553 -143374 59752588 70408508 1583765 1638297 0 0 42233856 46173028 0 0 2213722 16936812 16359329 60754433 64170654 -1001845 6237854 38436381 45581262 53936565 55266239 -15500184 -9684977 X SEE SCHEDULE O 0 0 47604236 25264275 THE ASSOCIATION HAS ACHIEVED AN INTERNATIONAL REPUTATION AS ONE OF THE PRE-EMINENT BALLET COMPANIES IN THE WORLD. DURING THE FISCAL YEAR, THE COMPANY PERFORMED AT A LOCAL FESTIVAL, PRESENTED 31 PERFORMANCES OF THE NUTCRACKER, 43 PERFORMANCES OF SWAN LAKE, A MIDSUMMER NIGHT'S DREAM, AND MERE MORTALS, AND 21 PERFORMANCES SPREAD OUT OVER 3 OTHER PROGRAMS REPRESENTING CLASSICAL, NEOCLASSICAL, AND CONTEMPORARY BALLET WORKS. 5686290 1247760 6302486 THE ASSOCIATION OPERATES SAN FRANCISCO BALLET SCHOOL AND A STUDENT RESIDENCE. OVER 700 STUDENTS ARE ENROLLED IN THE SCHOOL AND 60 ADVANCED STUDENTS FROM ACROSS THE US AND AROUND THE WORLD RESIDE IN THE STUDENT RESIDENCE. THE BALLET SCHOOL CURRICULUM IS DESIGNED AND TAUGHT BY AN EMINENT FACULTY, EMPHASIZING A STRONG CLASSICAL TECHNIQUE AND A FLOW OF MOVEMENT THAT SUGGESTS A SENSE OF ENERGY, FREEDOM, AND JOY REFLECTING THE KIND OF DANCING FAVORED BY THE COMPANY. (SEE SCH. O) STUDENTS AGES 2 TO 18 FOLLOW A STRUCTURED SEQUENCE OF TRAINING DESIGNED TO INCREASE THEIR TECHNICAL SKILLS, STAMINA, AND DISCIPLINE IN ACCORDANCE WITH THEIR AGE AND PHYSICAL DEVELOPMENT. THE PROGRAM VARIES ACCORDING TO AGE AND ABILITY AND INCLUDES CLASSES IN BALLET TECHNIQUE, POINTE WORK, PAS DE DEUX, BATTERIE, CONDITIONING, CONTEMPORARY DANCE, AND MUSIC. DROP-IN BALLET CLASSES FOR ADULT DANCERS AND A PROGRAM FOR INDIVIDUALS WITH PARKINSON'S REACH MORE THAN 1500 INDIVIDUALS ANNUALLY. THE SCHOOL ALSO OPERATES A SUMMER SESSION THAT BRINGS AN ADDITIONAL 240 STUDENTS FROM AROUND THE WORLD TO SAN FRANCISCO FOR RIGOROUS BALLET TRAINING. THE BALLET SCHOOL PROVIDES A LIMITED NUMBER OF TUITION AND HOUSING SCHOLARSHIPS TO STUDENTS BASED ON THEIR FINANCIAL NEED OR POTENTIAL TO ACHIEVE A PROFESSIONAL CAREER IN BALLET, AS WELL AS TO TALENTED STUDENTS RECRUITED FROM SF PUBLIC SCHOOLS, THROUGH THE COMMUNITY SCHOLARSHIP PROGRAM. NEARLY 70% OF THE DANCERS IN THE BALLET'S PROFESSIONAL COMPANY TRAINED IN THE SCHOOL. STUDENTS HAVE ALSO GONE ON TO DANCE WITH SUCH COMPANIES AS AMERICAN BALLET THEATRE, ATLANTA BALLET, BOSTON BALLET, ENGLISH NATIONAL BALLET, DUTCH NATIONAL BALLET, HAMBURG BALLET, HOUSTON BALLET, MIAMI CITY BALLET, NATIONAL BALLET OF CANADA, NEW YORK CITY BALLET, OREGON BALLET THEATRE, PACIFIC NORTHWEST BALLET, PHILADELPHIA BALLET, PITTSBURGH BALLET THEATRE, ROYAL NEW ZEALAND BALLET, ROYAL WINNIPEG BALLET, VIANNA OPERA BALLET, AND WASHINGTON BALLET AMONG OTHERS. SEMINARS ON NUTRITION, PSYCHOLOGY, AND RELATED ISSUES ARE PROVIDED THROUGHOUT THE YEAR. THE BALLET SCHOOL ALSO OPERATES SUMMER SESSIONS IN SAN FRANCISCO FOR INTERMEDIATE AND ADVANCED DANCERS FROM AROUND THE US AND ABROAD. ADDITIONAL PROGRAMMING INCLUDES PRE-BALLET CLASSES FOR CHILDREN AGES 2-7, ADULT OPEN BALLET CLASSES, REPERTORY WORKSHOPS, AND CLASSES FOR INDIVIDUALS WITH PARKINSON'S. 713533 347007 69350 THE ASSOCIATION PROVIDES DANCE EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS TO YOUTH, FAMILIES, AND ADULTS THROUGHOUT THE BAY AREA. PROGRAMS TAKE PLACE IN K-12 SCHOOLS, AT THE WAR MEMORIAL OPERA HOUSE, IN THE CHRIS HELLMAN CENTER FOR DANCE, AND IN THE COMMUNITY AT LARGE, OFTEN IN COORDINATION WITH OTHER COMMUNITY-BASED ORGANIZATIONS, AND SERVE NEARLY 50,000 COMMUNITY MEMBERS ANNUALLY. THE DANCE IN SCHOOLS AND COMMUNITIES (DISC) PROGRAM IS THE LARGEST OFFERING TARGETING YOUTH AND IT PROVIDES FREE, STANDARDS-BASED DANCE EDUCATION TO APPROXIMATELY 3000 STUDENTS IN 37 SAN FRANCISCO UNIFIED SCHOOL DISTRICT EARLY EDUCATION AND ELEMENTARY SCHOOLS THROUGH AN ANNUAL RESIDENCY PROGRAM. TALENTED STUDENTS ARE ALSO IDENTIFIED THROUGH THIS PROGRAM TO JOIN SAN FRANCISCO BALLET SCHOOL ON SCHOLARSHIP. 43530 43530 23711 THE ARTISTS RESERVE FUND IS ESTABLISHED BY A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE BALLET AND THE AMERICAN GUILD OF MUSICAL ARTISTS (AGMA), THE DANCERS AND STAGE MANAGERS UNION. EACH YEAR, A COMMITTEE OF BALLET REPRESENTATIVES, ARTISTS, AND A UNION REPRESENTATIVE MEET TO GRANT MONEY FROM THE ARTISTS' RESERVE FUND TO ELIGIBLE ARTISTS TO ASSIST WITH FUNDING FOR THEIR CAREER TRANSITION ACTIVITIES.RENTAL INCOME - THE ASSOCIATION RENTS OUT ITS CONFERENCE ROOM AND STUDIO SPACE. IN ADDITION, THE ASSOCIATION PERIODICALLY RENTS OUT SETS AND COSTUMES TO OTHER BALLET COMPANIES AND DANCERS IN FURTHERANCE OF THE BALLET'S EXEMPT PURPOSE. 43530 43530 23711 54047589 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 140 0 1 804 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 56 55 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KRISTIN KLINGVALL 4158615600 455 FRANKLIN STREET SAN FRANCISCO CA 94102 X TAMARA ROJO ART DIR & PRIN CHOREO 50.00 0.00 X 653783 0 23779 ALISON MAUZE CHAIR OF THE BOARD (AS OF 7/23) 10.00 0.00 X X 0 0 0 SONIA H EVERS TRUSTEE & IMMEDIATE PAST CO-CHAIR 10.00 0.00 X X 0 0 0 ROBERT G SHAW TRUSTEE & IMMEDIATE PAST CO-CHAIR 10.00 0.00 X X 0 0 0 JAMES H HERBERT II VICE CHAIR 5.00 0.00 X X 0 0 0 LUCY JEWETT VICE CHAIR (THRU 12/23) 2.00 0.00 X X 0 0 0 DIANE B WILSEY VICE CHAIR 5.00 0.00 X X 0 0 0 JENNIFER J MCCALL SECRETARY 5.00 0.00 X X 0 0 0 SUSAN S BRIGGS ASSISTANT SECRETARY 5.00 2.00 X X 0 0 0 JEFF MINICK TREASURER 5.00 0.00 X X 0 0 0 JOLA ANDERSON TRUSTEE 2.00 0.00 X 0 0 0 MARISA M AVANSINO TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 RICHARD C BARKER TRUSTEE 2.00 0.00 X 0 0 0 ALEX BECKMAN TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 LYDIA BERGMAN TRUSTEE 2.00 0.00 X 0 0 0 DAVID BOWMAN TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 GARY BRIDGE TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 CHRISTINE LEONG CONNORS TRUSTEE 2.00 0.00 X 0 0 0 DAVID C COX TRUSTEE 2.00 0.00 X 0 0 0 SUSAN P DIEKMAN TRUSTEE 2.00 0.00 X 0 0 0 SHELBY M GANS TRUSTEE 2.00 0.00 X 0 0 0 DR RICHARD GIBBS TRUSTEE 2.00 0.00 X 0 0 0 MONICA L GROSSMAN TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL P N A HORMEL TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 THOMAS E HORN TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 HIRO IWANAGA TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 DR THOMAS M JACKSON TRUSTEE 2.00 0.00 X 0 0 0 MICHELLE GILMAN JASEN TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 SAMUEL JEFFERY TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 JAYSON JOHNSON TRUSTEE 2.00 0.00 X 0 0 0 JAMES C KATZMAN TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 NANCY KUKACKA TRUSTEE 2.00 5.00 X 0 0 0 YASUNOBU KYOGOKU TRUSTEE 2.00 0.00 X 0 0 0 KELSEY LAMOND TRUSTEE 2.00 0.00 X 0 0 0 ROBERT LEE-RUIZ TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 BRENDA LEFF TRUSTEE 2.00 0.00 X 0 0 0 DAVID LYON TRUSTEE (THRU 6/24) 10.00 0.00 X 0 0 0 MARISSA MAYER TRUSTEE 2.00 0.00 X 0 0 0 ALEXANDRA NEWMAN TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 JOHN S OSTERWEIS TRUSTEE 10.00 2.00 X 0 0 0 JOHN T PALMER TRUSTEE 2.00 0.00 X 0 0 0 CARL F PASCARELLA TRUSTEE 2.00 0.00 X 0 0 0 YURIE PASCARELLA TRUSTEE 2.00 0.00 X 0 0 0 FRITZ QUATTLEBAUM TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 CHRISTINE RUSSELL TRUSTEE 2.00 0.00 X 0 0 0 RANDEE SEIGER TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE E SHERRY TRUSTEE 2.00 0.00 X 0 0 0 CATHERINE SLAVONIA TRUSTEE 2.00 0.00 X 0 0 0 DAVID HOOKER SPENCER TRUSTEE 2.00 0.00 X 0 0 0 FRAN A STREETS TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 JULIE SUPAN TRUSTEE (THRU 6/24) 2.00 0.00 X 0 0 0 JUDY C SWANSON TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER M WALSKE TRUSTEE 2.00 0.00 X 0 0 0 GARY S WILLIAMS JR TRUSTEE (AS OF 7/23) 2.00 0.00 X 0 0 0 TIMOTHY C WU TRUSTEE 2.00 0.00 X 0 0 0 LAREINA YEE TRUSTEE 2.00 0.00 X 0 0 0 JANICE HANSEN ZAKIN TRUSTEE 2.00 0.00 X 0 0 0 ARTURO JACOBUS INTERIM EXECUTIVE DIR. 28.00 22.00 X 292494 0 7808 ROBERT H FORE III CHIEF FINANCIAL OFFICER 40.00 10.00 X 210589 52647 8248 LEONARD EGERT MANAGER/LEGAL COUNSEL 50.00 0.00 X 293255 0 24375 MARTIN WEST MUSIC DIRECTOR & PRIN. CONDUCTOR 50.00 0.00 X 286658 0 30647 PATRICK ARMAND GONTARD SCHOOL DIRECTOR (THRU 12/23) 40.00 0.00 X 158153 0 7717 LISA POPPEN CHIEF MARKETING OFFICER 40.00 0.00 X 182528 0 16758 SASHA E DE SOLA PRINCIPAL DANCER 40.00 0.00 X 199630 0 8005 VAMSHI KRISHNA YAMSANI CHIEF INFORMATION OFFICER 40.00 0.00 X 206574 0 5825 CORDULA MERKS CONCERT MASTER 40.00 0.00 X 205133 0 21614 JOSEPH WALSH PRINCIPAL DANCER 40.00 0.00 X 190749 0 21614 YUAN-YUAN TAN PRINCIPAL DANCER 40.00 0.00 X 195138 0 27452 HELGI TOMASSON FORMER ARTISTIC DIR (THRU 6/22) 50.00 0.00 X 307016 0 0 DANIELLE ST GERMAIN FORMER EXECUTIVE DIR (THRU 3/23) 50.00 0.00 X 521437 0 711 3903137 52647 204553 73 1 1 0 BUTLER SHINE STERN & PARTNERS LLC 20 LIBERTY SHIP WAY SAUSALITO CA 94965 ADVERTISING SERVICES 1052203 SEAGLASS MANAGEMENT COMPANY LLC PIER 17 THE EMBARCADERO 200 SAN FRANCISCO CA 94111 FOOD SERVICES 316897 GRANT THORNTON LLP POBOX 51552 LOS ANGELES CA 900515852 AUDIT / TAX SERVICES 262880 WINER BURRIT & SCOTT LLP 1901 HARRISON ST 1100 OAKLAND CA 94612 LEGAL SERVICES 165975 COLIN DAVIS JONES STUDIOS 330 WEST 38TH ST 1001 NEW YORK NY 10018 COSTUME SERVICES 153370 8 28326046 3354153 5280468 1643819 35960 7239566 38640446 PERFORMANCE AND TOURING 711120 25264275 25264275 SCHOOL AND STUDENT HOUSING 900099 6302486 6302486 OUTREACH 900099 69350 69350 31636111 245561 245561 4688 4688 446922 23711 208199 0 238723 23711 262434 23711 143551 95172 6988520 6958756 29764 29764 29764 1106453 3354153 1816768 -710315 -710315 619328 423704 195624 37071 158553 TAX REFUND 900099 70154 70154 SALE OF PRODUCTION 900099 29660 29660 ORCHESTRA RECORDINGS 900099 4381 4381 104195 70408508 31659822 180622 -72382 1638297 1638297 2187069 990757 1196312 591181 591181 30363551 27103945 1923221 1336385 2799710 2734879 46656 18175 7549424 7017471 370102 161851 2682093 2330964 242940 108189 186053 181833 4220 126131 126131 3328 3328 1527382 678297 843431 5654 2074623 2059123 15500 1721600 1414071 184700 122829 644191 10661 628542 4988 1091040 1091040 2252755 1697530 550299 4926 854416 812996 25300 16120 1635628 523 1635105 833186 780281 37971 14934 542382 4415 537967 COSTUME SETS AND PROPS 794927 794927 STUDENT MEAL PLANS 462466 462466 EQUIPMENT EXPENSE 461085 370791 78184 12110 UBI TAXES 42693 33300 9393 1105443 1839022 -1125640 392061 64170654 54047589 7909343 2213722 3396082 4845344 3507249 4371495 2064245 8736798 91821 39151 59983 56631 4648678 3916609 64537721 48373286 15401333 16164435 617527 623799 8649463 6827000 38436381 45581262 6097544 9077975 6880631 7761598 24829559 22881877 3900000 3806237 12228831 11738552 53936565 55266239 X -20446432 -18470732 4946248 8785755 -15500184 -9684977 38436381 45581262 X 6237854 -3870 -418777 X 0 1 X 1 1 1 X 24632543 22551597 38232184 32844330 38640446 156901100 24632543 22551597 38232184 32844330 38640446 156901100 11664265 145236835 249953 112514 139535 324440 345421 1171863 131101 133704 131683 396488 1426727 1296303 2537415 1327684 1729149 8317278 166786729 104760715 0.87080 0.92010 X SCHEDULE A, PART II, LINE 10: OTHER INCOME INCLUDES RECOGNIZED GROSS INCOME FROM FUNDRAISING OF $1,106,453, SALES OF INVENTORY OF $518,501, AND OTHER EXCLUDED REVENUES OF $104,195. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107764068 6148239 9667116 7363671 116215752 112784878 532343 10973098 16487855 38396 107764068 137456934 5064092 -21036485 8699663 112784878 113923812 2740493 29074149 8281520 137456934 124452193 499569 457454 9340468 2144936 113923812 0.27450 0.72550 0 1 1 4519388 4519388 35400957 24754149 10646808 438519 151143 287376 7408423 7408423 0 16770434 16059571 710863 16164435 RIGHT OF USE ASSETS 6320054 BOND ISSUANCE COSTS 260078 DEFINED CONTRIBUTION PLAN ASSET 246868 6827000 LEASE LIABILITIES 6534808 DUE TO SAN FRANCISCO BALLET ENDOWMENT FOUNDATION 2753720 POSTRETIREMENT BENEFIT OBLIGATION 1076335 INTEREST RATE SWAP LIABILITY 966281 DEFINED CONTRIBUTION PLAN LIABILITY 246868 PPP LOAN 144692 CAPITAL LEASE OBLIGATION 15848 11738552 X PART X, LINE 2: ASC 740 (FIN 48) FOOTNOTE THE ASSOCIATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ASSOCIATION IS ALSO EXEMPT FROM CALIFORNIA FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701D ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE BALLET HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THERE WERE NO TAX PENALTIES OR INTEREST CLASSIFIED AS TAX EXPENSE FOR THE YEAR ENDED JUNE 30, 2024. PART V, LINE 1A: THE ENDOWMENT FUNDS BALANCE IS COMPRISED OF BOTH THE ASSOCIATION'S QUASI-ENDOWMENT BALANCE COMBINED WITH THE ENDOWMENT FOUNDATION FUND'S BALANCE. SCHEDULE D, PART V, LINE 4: INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS RESERVE LIQUIDITY FOR PURPOSES INCLUDING, BUT NOT LIMITED TO, MEETING COLLATERAL POSTING REQUIREMENTS ON THE ASSOCIATION'S INTEREST RATE SWAP AGREEMENT. PART X, LINE 1: PPP LOAN ON APRIL 15, 2020, THE BALLET RECEIVED A SMALL BUSINESS ADMINISTRATION ("SBA") LOAN THROUGH THE PAYCHECK PROTECTION PROGRAM IN THE AMOUNT OF $7,321,200 WHICH WAS USED PRIMARILY FOR PAYROLL COSTS BUT ALSO COVERED MORTGAGE INTEREST, RENT, AND UTILITY COSTS INCURRED AND PAID DURING THE COVERED PERIOD THROUGH AUGUST 13, 2020. THE SBA PARTIALLY FORGAVE THIS LOAN ON DECEMBER 14, 2021. THE REMAINING BALANCE CARRIES A FIXED INTEREST RATE OF 1% AND THE BALLET IS MAKING MONTHLY PAYMENTS UNTIL APRIL 15, 2025, WHEN FINAL PAYMENT IS DUE. OPENING NIGHT GALA 3203200 2410442 792758 68962 402449 51627 852459 SCHOOL FESTIVAL 672622 554698 117924 42652 93990 0 74973 4 584784 389013 195771 6547 111110 8494 103505 4460606 3354153 1106453 118161 607549 60121 1030937 1816768 -710315 1 TUITION SCHOLARSHIPS 198 991330 HOUSING SCHOLARSHIPS 30 549212 ARTIST RESERVE FUNDS 18 43530 STUDENT STIPENDS 12 54225 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE BALLET SCHOOL PROVIDES A LIMITED NUMBER OF SCHOLARSHIPS TO INTERMEDIATE AND ADVANCED LEVEL STUDENTS BASED ON THEIR FINANCIAL NEED OR POTENTIAL TO ACHIEVE A PROFESSIONAL CAREER IN BALLET. STUDENT STIPENDS ARE GIVEN TO THOSE SELECTED FOR THE TRAINEE PROGRAM TO HELP COVER VARIOUS EXPENSES. STUDENTS' PROGRESS AND ENROLLMENT IS MONITORED AS A ROUTINE PART OF THEIR BALLET SCHOOL STUDIO WORK. IN ADDITION, THE ARTIST RESERVE FUND HAS BEEN ESTABLISHED BY COLLECTIVE BARGAINING AGREEMENT FOR THE PURPOSE OF ENHANCING THE EFFORTS OF THE SAN FRANCISCO BALLET TO ASSIST SAN FRANCISCO DANCERS WITH CAREER TRANSITION ACTIVITIES. X 1 1 X X X 1 0 0 0 0 0 0 0 0 TAMARA ROJO ART DIR & PRIN CHOREO 603783 0 50000 0 0 0 7769 0 16010 0 677562 0 0 0 DANIELLE ST GERMAIN FORMER EXECUTIVE DIR (THRU 3/23) 220314 0 0 0 301123 0 0 0 711 0 522148 0 0 0 LEONARD EGERT MANAGER/LEGAL COUNSEL 293255 0 0 0 0 0 8365 0 16010 0 317630 0 0 0 MARTIN WEST MUSIC DIRECTOR & PRIN. CONDUCTOR 286658 0 0 0 0 0 9033 0 21614 0 317305 0 0 0 HELGI TOMASSON FORMER ARTISTIC DIR (THRU 6/22) 208382 0 0 0 98634 0 0 0 0 0 307016 0 0 0 ARTURO JACOBUS INTERIM EXECUTIVE DIR. 291854 0 640 0 0 0 7808 0 0 0 300302 0 0 0 ROBERT H FORE III CHIEF FINANCIAL OFFICER 210589 52647 0 0 0 0 5851 1463 747 187 217187 54297 0 0 CORDULA MERKS CONCERT MASTER 205133 0 0 0 0 0 0 0 21614 0 226747 0 0 0 YUAN-YUAN TAN PRINCIPAL DANCER 195138 0 0 0 0 0 23723 0 3729 0 222590 0 0 0 VAMSHI KRISHNA YAMSANI CHIEF INFORMATION OFFICER 206574 0 0 0 0 0 0 0 5825 0 212399 0 0 0 JOSEPH WALSH PRINCIPAL DANCER 190749 0 0 0 0 0 0 0 21614 0 212363 0 0 0 SASHA E DE SOLA PRINCIPAL DANCER 199630 0 0 0 0 0 0 0 8005 0 207635 0 0 0 LISA POPPEN CHIEF MARKETING OFFICER 177528 0 5000 0 0 0 5222 0 11536 0 199286 0 0 0 PATRICK ARMAND GONTARD SCHOOL DIRECTOR (THRU 12/23) 158153 0 0 0 0 0 3154 0 4563 0 165870 0 0 0 PART I, LINE 1A FIRST CLASS/CHARTER TRAVEL SAN FRANCISCO BALLET ASSOCIATION REQUIRES THE ARTISTIC DIRECTOR TO MAINTAIN CONTACT WITH AND KNOWLEDGE OF ARTISTIC DEVELOPMENTS IN THE FIELD OF MODERN DANCE AND BALLET, AS WELL AS OTHER RELATED ART FORMS. IN FULFILLMENT OF THIS RESPONSIBILITY, IT IS IN THE ASSOCIATION'S INTEREST AND THE ASSOCIATION PERIODICALLY REQUESTS THAT THE ARTISTIC DIRECTOR MAKE TRIPS TO NATIONAL DANCE CENTERS SUCH AS NEW YORK OR OTHER PLACES AS DEEMED APPROPRIATE, AND COULD MAKE AT LEAST ONE TRIP TO EUROPE EACH YEAR. GENERALLY, FOR ALL BUSINESS TRIPS, SHOULD THE DURATION OF ANY FLIGHT BE TWO HOURS OR GREATER, SUCH TRAVEL SHALL BE BUSINESS CLASS, EXCEPT IT MAY BE FIRST CLASS IF NO CARRIER HAS BUSINESS CLASS AVAILABLE. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A THE FOLLOWING FORMER OFFICER RECEIVED A SEPARATION PAYMENT. THE SEPARATION PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III) AS OTHER REPORTABLE COMPENSATION: DANIELLE ST. GERMAIN $301,123 PART II: POST-RETIREMENT ARRANGEMENT THE FORMER ARTISTIC DIRECTOR HAS A POST-RETIREMENT ARRANGEMENT AS PART OF THEIR EMPLOYMENT AGREEMENT WHICH PROVIDES FOR SALARY CONTINUANCE FOR A FIXED PERIOD OF TIME DEPENDENT ON THE NUMBER OF YEARS SERVED UNDER THE AGREEMENT AND IN THE ABSENCE OF CERTAIN TYPES OF POST-RETIREMENT EMPLOYMENT AND BENEFITS AVAILABLE TO THE EMPLOYEE AND FOR EMPLOYEE AND SPOUSAL HEALTH BENEFITS. THE FORMER ARTISTIC DIRECTOR RECEIVES CERTAIN PAYMENTS, STEMMING FROM HIS EMPLOYMENT, AS WELL AS ROYALTIES ON CREATIVE WORKS THAT ARE INCLUDED IN COLUMN B(III). A CA INFRASTRUCTURE AND ECON DEVELOPMENT BANK 630304653 NONEAVAIL 2013-06-06 44510000 2013 A, B, C, D REFUNDING OF SERIES 2010 & 2008 BON 0 0 0 A 21661390 44510000 464754 44045246 2009 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 1 JP MORGAN CHASE 25.000000000000 0 0 0 0 1 A 1 X 36 7057473 FAIR MARKET VALUE X EVENT DONATIONS 7 182093 SELLING PRICE 0 1 0 PART I, COLUMN (B): FOR CONTRIBUTIONS OF SECURITIES, SUCH AS PUBLICLY TRADED STOCK, THE ASSOCIATION TREATS EACH SEPARATE GIFT AS AN ITEM FOR THIS PURPOSE. FORM 990, PART III, LINE 1 SAN FRANCISCO BALLET, LONG RECOGNIZED FOR PUSHING BOUNDARIES IN DANCE, HAS A HISTORY OF MAKING HISTORY. FOUNDED IN 1933, WE STAGED THE FIRST FULL-LENGTH AMERICAN PRODUCTIONS OF COPPLIA (1938) AND SWAN LAKE (1940) AND IN 1944 WE LAUNCHED AN ANNUAL HOLIDAY TRADITION WHEN WE PRODUCED THE FIRST FULL-LENGTH PRODUCTION OF NUTCRACKER IN THE US. SAN FRANCISCO BALLET IS AMERICA'S OLDEST PROFESSIONAL BALLET COMPANY AND ONE OF THE THREE LARGEST BALLET COMPANIES IN THE UNITED STATES. THE MISSION OF THE BALLET IS TO SHARE THE JOY OF DANCE WITH ITS COMMUNITY AND AROUND THE GLOBE AND TO PROVIDE THE HIGHEST CALIBER OF DANCE TRAINING IN ITS SCHOOL. LED BY ARTISTIC DIRECTOR TAMARA ROJO. SF BALLET IS ACCOMPANIED BY ITS OWN ORCHESTRA AND OPERATES ONE OF THE COUNTRY'S MOST PRESTIGIOUS SCHOOLS OF BALLET. TODAY WE BUILD ON OUR HERITAGE OF COMMISSIONING GROUNDBREAKING DANCE FROM TODAY'S TOP CHOREOGRAPHERS BY UNCOVERING NEW CHOREOGRAPHIC TALENT AND BY STAGING MODERN CLASSICS AND THE WORKS THAT MAKE UP THE CANON OF CLASSIC BALLET. OUR APPROACH DEFINES BALLET IN THE 21ST CENTURY AND IT MAKES SAN FRANCISCO BALLET THE ESSENTIAL PLACE TO SEE THE MOST ADVENTUROUS DANCE IN AMERICA. GUIDED IN ITS EARLY YEARS BY AMERICAN DANCE PIONEERS THE BROTHERS LEW, WILLAM, AND HAROLD CHRISTENSEN, SAN FRANCISCO BALLET HISTORICALLY PRESENTS AROUND 100 PERFORMANCES ANNUALLY BOTH LOCALLY AND INTERNATIONALLY. FORM 990, PART VI, SECTION A, LINE 2 CARL PASCARELLA AND YURIE PASCARELLA - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ANY NATURAL PERSON SHALL BE ELIGIBLE TO BE A MEMBER OF THE ASSOCIATION (A "MEMBER") BUT NO LEGAL PERSON WHICH IS NOT A NATURAL PERSON, SUCH AS A FOUNDATION, TRUST, CORPORATION OR PARTNERSHIP, SHALL BE ELIGIBLE TO BE A MEMBER. A NATURAL PERSON MAY BECOME A MEMBER BY MAKING A MINIMUM CONTRIBUTION TO THE ASSOCIATION, THE AMOUNT OF SUCH MINIMUM CONTRIBUTION TO BE DETERMINED FROM TIME TO TIME BY RESOLUTION OF THE BOARD. IN THE CASE OF A CONTRIBUTION IN PROPERTY, THE DETERMINATION OF THE BOARD OR A COMMITTEE OF THE BOARD, SUBCOMMITTEE, ADVISORY COMMITTEE OR OTHER PERSON TO WHOM THIS RESPONSIBILITY IS DELEGATED BY THE BOARD, AS TO THE VALUE OF THE PROPERTY FOR MEMBERSHIP PURPOSES SHALL BE CONCLUSIVE. THE BOARD MAY IN ITS DISCRETION WAIVE THE MINIMUM CONTRIBUTION IN THE CASE OF A PERSON WHO HAS MADE INTANGIBLE CONTRIBUTIONS TO THE ASSOCIATION IN THE PAST. THE TERM FOR EACH MEMBER AS A MEMBER SHALL COMMENCE WHEN THE PERSON MAKES THE REQUISITE CONTRIBUTION TO THE ASSOCIATION (OR THE CONTRIBUTION IS WAIVED) AND SHALL CONTINUE FOR A PERIOD OF 12 MONTHS THEREAFTER, AT THE EXPIRATION OF WHICH PERIOD IT SHALL EXPIRE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS STOCKHOLDERS WHO MAY ELECT TRUSTEES OF THE ASSOCIATION ARE ELECTED BY THE MEMBERS FOR A TERM OF THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS RIGHT TO VOTE MEMBERS SHALL HAVE, IN ADDITION TO ANY OTHER RIGHTS WHICH MAY BE GRANTED TO THEM UNDER THESE BY LAWS OR BY LAW, THE RIGHT TO VOTE (1) FOR THE ELECTION OF TRUSTEES, (2) ON A DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSOCIATION'S ASSETS, (3) ON A MERGER OF THE ASSOCIATION WITH ANOTHER CORPORATION, (4) ON A DISSOLUTION OF THE ASSOCIATION, (5) ON AN AMENDMENT OF THE ARTICLES OF INCORPORATION AND, (6) ON AN AMENDMENT OF THESE BY LAWS (UNLESS THE BY LAW AMENDMENT IS APPROVED BY THE BOARD ALONE IN ACCORDANCE WITH THE TERMS OF THE BY LAWS). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE FORM 990 WAS PREPARED BASED ON AUDITED FINANCIAL STATEMENTS BY AN INDEPENDENT ACCOUNTING FIRM, WHICH WAS THEN REVIEWED BY FINANCE MANAGEMENT. THE ASSOCIATION PROVIDED A COMPLETE COPY OF THIS FORM TO ALL MEMBERS OF ITS GOVERNING BODY WITH A REDACTION OF DONOR NAMES AND ADDRESSES FROM FORM 990, SCHEDULE B, AT THE REQUEST OF THE DONOR. THE FORM 990 WAS REVIEWED AND APPROVED AT A MEETING OF THE AUDIT COMMITTEE. SUBSEQUENT TO THAT REVIEW, THE FORM 990 WAS POSTED TO THE ASSOCIATION'S TRUSTEE INTRANET WEBSITE AND TRUSTEES WERE NOTIFIED IN WRITING OF THE AVAILABILITY OF THE FORM 990 FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C WRITTEN CONFLICT OF INTEREST POLICY QUESTIONNAIRES ARE ISSUED ANNUALLY TO ALL EMPLOYEES, TRUSTEES AND OTHERS WHO HAVE AN ANNUAL REPORTING REQUIREMENT UNDER THE POLICY. RESPONSES ARE MONITORED AND OUTSTANDING FORMS ARE FOLLOWED UP ON UNTIL RECEIVED. UPON RECEIPT, THE FORM IS REVIEWED BY THE HR MANAGER (FOR EMPLOYEES) AND THE BOARD RELATIONS MANAGER (FOR TRUSTEES) FOR ANY KNOWN ISSUES OR RELATIONSHIPS THAT NEED TO BE HIGHLIGHTED. FORMS ARE FURTHER REVIEWED BY THE CFO. MATTERS REQUIRING ATTENTION ARE REPORTED TO THE EXECUTIVE DIRECTOR WHO MAY FURTHER REPORT THE MATTER TO THE BOARD CHAIR. PERSONS WITH A CONFLICT ARE RECUSED FROM DISCUSSIONS AND DO NOT VOTE ON RESOLUTIONS THAT PERTAIN DIRECTLY TO THEIR CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION COMPENSATION AND BENEFITS FOR THE ASSOCIATION'S EXECUTIVE DIRECTOR AND CFO ARE NEGOTIATED WITH THE ASSOCIATION'S ASSESSMENT COMMITTEE ON AN ANNUAL BASIS. PERFORMANCE IS REVIEWED ON AN ANNUAL BASIS BY THE ASSESSMENT COMMITTEE AND DOCUMENTED VIA MEETING MINUTES BY THE BOARD ASSISTANT SECRETARY WITH RECOMMENDATIONS GIVEN TO THE BOARD. REVIEWS OCCUR (1) INITIALLY UPON THE HIRING, (2) WHENEVER THE TERM OF EMPLOYMENT, IF ANY, OF SUCH OFFICER IS RENEWED OR EXTENDED, AND (3) WHENEVER SUCH OFFICER'S COMPENSATION IS MODIFIED; PROVIDED, HOWEVER, THAT SEPARATE REVIEW AND APPROVAL PURSUANT TO CLAUSE (3) SHALL NOT BE REQUIRED IF A MODIFICATION OF COMPENSATION EXTENDS TO SUBSTANTIALLY ALL EMPLOYEES OF THE ASSOCIATION. WHEN REVIEWING COMPENSATION, THE ASSESSMENT COMMITTEE ALSO USES EXTERNAL COMPARISONS FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS OF SIMILAR SIZE THAT ARE AVAILABLE ONLINE. COMPENSATION AND BENEFITS FOR KEY EMPLOYEES ARE DETERMINED LARGELY ON WHETHER THEY ARE UNION OR NON-UNION EMPLOYEES. FOR UNION EMPLOYEES, COMPENSATION AND BENEFITS ARE BASED ON THE COLLECTIVE BARGAINING AGREEMENTS WHICH ARE REGULARLY RENEGOTIATED EVERY THREE TO FIVE YEARS (DEPENDING ON THE UNION). FOR NON-UNION EMPLOYEES, COMPENSATION AND BENEFITS ARE NEGOTIATED ON AN INDIVIDUAL BASIS UPON INITIAL HIRE WITH ANNUAL PERFORMANCE REVIEWS THEREAFTER DOCUMENTED WITH THE EMPLOYEE'S DIRECT SUPERVISOR USING THE ORGANIZATION'S STANDARD FORMS ON AN ANNUAL/REGULAR BASIS. COMPENSATION FOR NON-UNION EMPLOYEES ARE REVIEWED USING EXTERNAL COMPARISONS FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS OF SIMILAR SIZE THAT ARE AVAILABLE ONLINE. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC DUE TO THE AGE OF THE ORGANIZATION, FORM 1023 IS CURRENTLY UNAVAILABLE FOR THE GENERAL PUBLIC AND THE ORGANIZATION IS EXEMPT FROM THE REQUIREMENT TO PROVIDE FORM 1023, AS IT WAS FILED PRIOR TO THE JULY 15, 1987 REQUIREMENT DATE. THE ORGANIZATION CURRENTLY MAKES ITS AUDITED FINANCIAL STATEMENTS FOR THE MOST RECENT TEN YEARS AND THE FORMS 990 FOR THE MOST RECENT THREE YEARS AVAILABLE TO THE PUBLIC VIA ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII: THE ARTISTIC DIRECTOR, TAMARA ROJO, SERVES AS A MEMBER OF THE BOARD OF TRUSTEES OF THE ORGANIZATION. IN ADDITION TO THE ROLE AS TRUSTEE, THE ARTISTIC DIRECTOR IS ALSO A KEY EMPLOYEE, AND COMPENSATION INCLUDED ON PART VII RELATES SOLELY TO EMPLOYMENT WITH THE ORGANIZATION. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 359,146. CHANGE IN POST-RETIREMENT BENEFIT OBLIGATION 20,989. ACCOUNTS RECEIVABLE WRITE OFF -3,900. CHANGE IN DISCOUNT -795,012. SAN FRANCISCO BALLET ENDOWMENT FOUNDATION 455 FRANKLIN STREET SAN FRANCISCO CA 94102 942747262 INVESTMENT OF ENDOWMENT FUNDS CA 501(C)(3) LINE 12A, I SAN FRANCISCO BALLET 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 SAN FRANCISCO ENDOWMENT FOUNDATION E 22881877 ACTUAL LOAN GUARANTEE SAN FRANCISCO ENDOWMENT FOUNDATION C 5280468 ACTUAL OPERATING TRANSFERS SAN FRANCISCO ENDOWMENT FOUNDATION O 277248 ACTUAL SALARY, BENEFITS & TAXES SAN FRANCISCO ENDOWMENT FOUNDATION P 406226 ACTUAL EXPENSE REIMBURSEMENT