2016-05-16T13:04:29-07:00 2015-06-30 990 2014-07-01 942747262 SAN FRANCISCO BALLET ENDOWMENT FOUNDATION SANF 4158615600 455 Franklin Street San Francisco CA 94102 Kimberly Carim CFO 4158656590 2016-05-16 2014 2016-08-17 19:52:53Z James D Marver 455 Franklin Street San Francisco CA 94102 17516518 0 X http://www.sfballet.org/donate/endowment_foundation X 1980 CA The San Francisco Ballet Endowment Foundation was established in 1980 as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the San Francisco Ballet Association. 10 10 0 10 -3290 -5790 4066194 3920686 2000 1600 12980198 2016359 8947 0 17057339 5938645 4796373 4551252 0 0 540834 512674 6000 20250 536144 504321 444354 5847528 5528530 11209811 410115 116731098 115873823 12846546 13056282 103884552 102817541 X The San Francisco Ballet Endowment Foundation was established in 1980 and in 1981 made its first distribution to the San Francisco Ballet Association (the Association), a California nonprofit public benefit corporation. Since then, strong investment returns and contributions, primarily from estates and from donors have grown significantly and increased the importance of the (Continued on Schedule O, Statement 1) 0 0 4808920 4551252 1600 Management and oversight-holding of endowment funds for the benefit of San Francisco Ballet Association 0 0 0 4808920 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Kimberly O Carim 4158615600 455 Franklin Street San Francisco CA 94102 James D Marver President 5 5 X X 0 0 0 John S Osterweis President Emeritus 2 10 X 0 0 0 Hank J Holland Vice President 5 0 X X 0 0 0 Thomas E Horn Treasurer 5 2 X X 0 0 0 Richard C Barker Director 2 2 X 0 0 0 Susan S Briggs Director 2 2 X 0 0 0 J Stuart Francis Director 2 0 X 0 0 0 Hilary Pierce Director 2 0 X 0 0 0 Larissa Roesch Director 2 0 X 0 0 0 Nancy Kukacka Director 2 2 X 0 0 0 Kimberly Carim Chief Financial Officer 10 40 X 0 181427 13261 Elizabeth Lani Assistant Secretary 32 8 X 0 87355 10391 Laura Simpson Secretary 5 35 X 0 58868 6503 0 327650 30155 0 0 1 0 Hall Capital Partners LLC One Maritime Plaza Suite 500 San Francisco CA 94111 Investment Management 220308 1 0 0 0 0 0 3920686 419530 3920686 Donor Appreciation Events 711120 1600 1600 0 0 0 0 0 0 1600 1834046 0 -3290 1837336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11760186 0 11577873 0 182313 0 182313 0 0 182313 0 0 5938645 1600 -3290 2019649 4551252 4551252 0 0 0 0 0 0 110310 36285 74025 0 0 0 0 321645 0 54452 267193 10242 0 1757 8485 41347 0 8205 33142 29130 0 6659 22471 0 0 0 0 301 0 0 301 46552 0 46552 0 0 0 0 0 20250 20250 251019 251019 0 0 37380 2150 21097 14133 44268 0 0 44268 7929 0 0 7929 7100 0 7100 0 0 0 0 0 0 0 0 0 308 0 29 279 0 0 0 0 26862 0 0 26862 0 0 0 0 0 0 0 0 0 0 0 0 218 0 0 218 Dues & Subscriptions 14339 0 0 14339 Unrelated Business Income Tax 4527 4527 0 0 Miscellaneous 3325 -28 1330 2023 Credit Card Fees 226 0 0 226 0 0 0 0 5528530 4808920 183466 536144 253689 37642 2387166 2639571 4921180 2961160 48397903 51748646 54807030 52610584 5964130 5876220 116731098 115873823 56532 63620 12790014 12992662 12846546 13056282 X 32183875 30343711 11879057 9070627 59821620 63403203 103884552 102817541 116731098 115873823 X 410115 -894514 0 0 0 -582612 X 0 1 X 1 0 X X 1 San Francisco Ballet Association 941415298 7 1 4551252 0 1 4551252 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105867772 6457496 1133639 0 5498836 926670 107033401 92512987 5282160 14268776 0 5814597 381554 105867772 79137507 4316905 15672612 0 4750193 1863844 92512987 86892706 3697437 -2418581 0 8309164 724891 79137507 77933384 1731151 12254515 0 4075418 950926 86892706 0.39 0.55 0.06 0 0 Alternative Investments 52610584 F 52610584 Dividends Receivable 52116 Pooled Income Fund 304064 Split Interest Agreements 1924108 Charitable Gift Annuities 3595932 5876220 Due to San Francisco Ballet Association 11266211 Charitable Gift Annuity Payment 1726451 12992662 X Schedule D, Part V, Line 4 The Foundation is incorporated as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the Association. It seeks to provide the Association with a reliable source of support while protecting its investments against inflation and wide swings in the capital markets so that the Association may continue its mission to share the joy of dance with the widest possible audience in the community and around the globe. Schedule D, Part X, Line 2 As required by accounting principles generally accepted in the United States of America (US GAAP), the Ballet has identified and evaluated its significant tax positions for which the statute of limitations remain open and determined that there is no material unrecognized benefit or liability to be recorded. The open tax years are the years ended June 30, 2012 through June 30, 2015 for federal tax purposes and the years ended June 30, 2011 through June 30, 2015 for California tax purposes. There have been no material changes in unrecognized benefits as of June 30, 2015, nor are any material changes anticipated in the twelve months following June 30, 2015. Central America and the Caribbean 0 0 Investments 38409702 0 0 38409702 0 0 1 1 1 0 X X X X X X 1 Kathleen Duich 11 Forrest Street Mill Valley CA 94941 Performed copy writing for printed materials for 2015 capital campaign. 0 0 20250 -20250 0 20250 -20250 CA 1 San Francisco Ballet Association 455 Franklin Street San Francisco CA 94102 951415298 501(c)3 4551252 0 Endowment operating transfers are approved and budgeted in accordance with the Foundation's spending policy. Use of grant funds is monitored by the Foundation's CFO through review and audit of financial statements. 1 0 Schedule I, Part I, Line 2 The purpose of the San Francisco Ballet Endowment Foundation is to hold and manage endowment funds for the benefit of the San Francisco Ballet Association. Grants are made to support the related tax exempt organization's exempt purpose. Endowment operating transfers are approved and budgeted in accordance with the Foundation's spending policy. Use of grant funds is monitored by the Foundation's CFO through review and audit of financial statements. 0 0 0 0 0 0 0 0 0 Kimberly Carim Chief Financial Officer 0 181427 0 0 0 0 0 5304 0 7957 0 194688 0 0 Schedule J, Part II Form 990 requests the total compensation paid by the Organization and any related Organizations. The amounts reflected on this schedule are the amounts paid by the San Francisco Ballet Association. Compensation to the listed person related to the Foundation is based on a percentage of hours worked during the year. X 14 419530 FMV 0 0 1 1 Schedule M, Part I, Line 32b The Foundation uses real estate agents to sell donated property. Form 990, Part III, Line 1 The San Francisco Ballet Endowment Foundation was established in 1980 and in 1981 made its first distribution to the San Francisco Ballet Association (the Association), a California nonprofit public benefit corporation. Since then, strong investment returns and contributions, primarily from estates and from donors have grown significantly and increased the importance of the endowment to the Association's revenue stream. The Foundation is incorporated as a separate nonprofit public benefit corporation for the purpose of holding and managing endowment funds for the benefit of the Association. It seeks to provide the Association with a reliable source of support while protecting its investments against inflation and wide swings in the capital markets so that the Association may continue its mission to share the joy of dance with the widest possible audience in the community and around the globe. Form 990, Part VI, Section A, Line 6 The members of the Foundation shall be those persons, and only those persons, who are from time to time members of the San Francisco Ballet Association's Board of Trustees, and each such person upon election or appointment to said Board of Trustees shall automatically become a member of the Foundation and upon ceasing to be a member of said Board of Trustees shall automatically cease to be a member of the Foundation. Form 990, Part VI, Section A, Line 7a Trustees of the Foundation are elected by the Members for a term of three years. Form 990, Part VI, Section A, Line 7b Members shall have, in addition to any other rights which may be granted to them under the By-Laws or by the law, the right to vote (1) for the election of Directors, (2) on a disposition of all or substantially all of the Foundation's assets, (3) on a merger of the Foundation with another corporation, (4) on a dissolution of the Foundation, (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 these By-Laws). Form 990, Part VI, Section B, Line 11b Line 11a The Foundation provided a complete copy of this Form 990 to all members of its governing body with a redaction of donor name and address 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 the review, the Form 990 was posted on the Foundation'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 The Foundation distributes the policy and related questionnaire to board members at the beginning of each board year. Return of the questionnaire is monitored and enforced by the board relations manager. Returned questionnaires are reviewed by the CFO for any potential issues or required disclosures. Form 990, Part VI, Section B, Line 15 The only compensated officer of the Foundation is compensated by a related party, San Francisco Ballet Association. The Association's process for determining the compensation of the Chief Financial Officer involved analysis of the compensation by the compensation committee. Form 990, Part VI, Section C, Line 19 Due to the age of the Foundation, Form 1023 is currently unavailable for the general public and the Foundation is exempt from the requirement to provide Form 1023, as it was filed prior to the July 15, 1987 requirement date. The Foundation makes its audited financial statements for the last six years available to the public via its website. Form 990, 990-T, governing documents and conflict of interest policy is also available upon request. Form 990, Part XI, Line 9 Other change in Net Assets consists of ($582,612) in change in value of receivables. San Francisco Ballet Association 455 Franklin Street San Francisco CA 94102 941415298 Ballet CA 501(c)(3) 7 N/A 0 Charitable Gift Annuities (29) 455 Franklin Street San Francisco CA 94102 Investment company CA N/A T Charitable Gift Annuity (1) 455 Franklin Street San Francisco CA 94102 Investment company CO N/A T Charitable Remainder Unitrusts (4) 455 Franklin Street San Francisco CA 94102 Investment company CA N/A T Charitable Remainder Unitrust (1) 455 Franklin Street San Francisco CA 94102 Investment company FL N/A T Charitable Remainder Unitrust (1) 455 Franklin Street San Francisco CA 94102 Investment company MT N/A T Pooled Income Fund (11) 455 Franklin Street San Francisco CA 94102 Investment company CA N/A T Pooled Income Fund (1) 455 Franklin Street San Francisco CA 94102 Investment company IL N/A T Pooled Income Fund (1) 455 Franklin Street San Francisco CA 94102 Investment company OR N/A T 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1