2011-04-28T15:21:57-05:00 2010-06-30 deloitte tax llp 225 west santa clara street san jose CA 95113 990 2009-07-01 941415298 San Francisco Ballet Association SANF 4158615600 455 Franklin Street San Francisco CA 94102 KIMBERLY O CARIM 4158615600 2011-04-04 1 4087044000 2009 2016-02-24 21:20:13Z GLENN MCCOY 455 FRANKLIN STREET SAN FRANCISCO CA 941020000 41192786 0 X www.sfballet.org X 1933 CA To share the joy of dance and provide the highest caliber of dance training 67 61 681 590 36139 7760 24691526 19471849 19257541 19114523 46426 24283 -389894 -147696 43605599 38462959 746294 707253 0 27434823 26490769 251626 176530 1986886 16491788 14206482 44924531 41581034 -1318932 -3118075 71662501 67574247 59716271 60065830 11946230 7508417 As America's oldest professional ballet company and one of the three largest ballet companies in the United States, San Francisco Ballet Association (the Association) has enjoyed a long and rich tradition of artistic "firsts" since its founding in 1933. 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. The Ballet seeks to enhance its position as one of the world's finest dance companies through its vitality, innovation, and diversity and through its uncompromising commitment to artistic excellence based in the classical ballet tradition.Guided in its early years by American dance pioneers and brothers Lew, William, and Harold Christensen, San Francisco Ballet currently presents more than 100 performances annually, both locally and internationally. 0 0 26490149 17107380 Performance and Touring: Under the direction of Helgi Tomasson for more than two decades, the Association has achieved an international reputation as one of the preeminent ballet companies in the world. During the fiscal year the Company presented 105 peformances including Swan Lake, The Little Mermaid, Romeo and Juliet and the Nutcracker, as well as several mixed bill programs. 3156046 515753 1992184 School and Student Housing: the Association operates the San Francisco Ballet School and a student residence. The Ballet School curriculum is designed and taught by an eminent faculty. It emphasizes 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 Ballet. Girls and boys aged 6 to 18 follow a structured sequence of training stages designed to increase their technical skills, stamina, and discipline in accordance with their age and physical development. The program includes classes in technique, pointe work, pas de deux, men's technique, contemporary and character dance and music. Seminars on nutrition and related issues are offered throughout the school year. The Ballet School provides a limited number of tuition and housing scholarships to intermediate and advanced level students based on their financial need or potential to achieve a professional career in ballet. Approximately forty percent of the dancers in the Ballet received all or part of their training at the Ballet School. Students have also gone on to dance with such companies as American Ballet Theatre, Ballet West, Birmingham Royal Ballet, Dutch National Ballet, English National Ballet, Frankfurt Ballet, Miami City Ballet, New York City Ballet, Pacific Northwest Ballet, Pittsburgh Ballet Theatre and Stuttgart Ballet. The Ballet School also operates a summer session in San Francisco for professional ballet career-bound students from the US and abroad. During the fiscal year the Ballet School had 567 students in the summer and regular year. 544947 191500 14959 Outreach: The Center for Dance Education ("CDE"), a department of the Ballet, was formed in 2001 to coordinate the Ballet's community outreach and education programs. The CDE operates programs in schools and the community at large, often in coordination with other community-based organizations. Within the CDE, Dance in Schools and Communites (DISC) was created and currently provides a free interactive movement to over 3,500 students in 35 San Francisco Unified School District Elementary Schools. Additional programs include after-school programs, a summer dance camp, ten-week residency classes taught in the public schools, scholarship programs, adult education, and community matinees. (estimated 28000 community members touched). 30191142 1 1 0 0 0 0 0 0 1 1 0 1 0 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 161 0 1 681 1 1 1 0 0 0 0 1 1 0 0 0 67 61 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Kimberly O Carim 4158615600 455 Franklin Street San Francisco CA 94102 Helgi Tomasson 50.00 X X 534376 0 115544 Richard C Barker 10.00 X X 0 0 0 Chris Hellman 2.00 X X 0 0 0 James H Herbert II 2.00 X X 0 0 0 J Stuart Francis 5.00 X X 0 0 0 Margaret G Gill 5.00 X X 0 0 0 Lucy Jewett 5.00 X X 0 0 0 Paul G Lego 2.00 X 0 0 0 James D Marver 5.00 X X 0 0 0 Carl F Pascarella 5.00 X X 0 0 0 Robert M Smelick 5.00 X X 0 0 0 Diane B Wilsey 5.00 X X 0 0 0 Hank J Holland 5.00 X X 0 0 0 Jennifer J McCall 5.00 X X 0 0 0 Susan S Briggs 2.00 X X 0 0 0 Michael C Abramson 2.00 X 0 0 0 Jola Anderson 2.00 X 0 0 0 Kristen A Avansino 2.00 X 0 0 0 Rosemary B Baker 2.00 X 0 0 0 Wendy Wasson Bingham 2.00 X 0 0 0 Deborah Bocci 2.00 X 0 0 0 Marjorie Burnett 2.00 X 0 0 0 Jennifer Caldwell 2.00 X 0 0 0 Beth F Cobert 2.00 X 0 0 0 Anne D Copeland 2.00 X 0 0 0 Mary B Cranston 2.00 X 0 0 0 Stephanie Ejabat 2.00 X 0 0 0 Peter E Engel 2.00 X 0 0 0 Jacqueline L Erdman 2.00 X 0 0 0 Sonia H Evers 2.00 X 0 0 0 CHRISTINE E SHERRY 2.00 X 0 0 0 IRWIN FEDERMAN 2.00 X 0 0 0 JASON M FISH 2.00 X 0 0 0 ANN C FISHER 2.00 X 0 0 0 RICHARD N GOLDMAN 2.00 X 0 0 0 KATHRYN A HALL 2.00 X 0 0 0 LIBBY HEIMARK 2.00 X 0 0 0 INGRID VON MANGOLDT HILLS 2.00 X 0 0 0 THOMAS E HORN 2.00 X 0 0 0 DONALD F HOUGHTON 2.00 X 0 0 0 CHARLES A JAMES 2.00 X 0 0 0 CHRISTOPHER P JOHNS 2.00 X 0 0 0 KAREN BERGMAN JUNG 2.00 X 0 0 0 MARY JO KOVACEVICH 2.00 X 0 0 0 MARIE O'GARA LIPMAN 2.00 X 0 0 0 MARISSA MAYER 2.00 X 0 0 0 KENNETH P MCNEELEY 2.00 X 0 0 0 ALEXANDER R MEHRAN 2.00 X 0 0 0 DEBORAH M MESSEMER 2.00 X 0 0 0 JAMES E MILLIGAN 2.00 X 0 0 0 JOHN S OSTERWEIS 2.00 X 0 0 0 JOHN F POWERS 2.00 X 0 0 0 CHRISTINE RUSSELL 2.00 X 0 0 0 OJ SHANSBY 2.00 X 0 0 0 CHARLOTTE MAILLIARD SCHULTZ 2.00 X 0 0 0 DAVID STANTON 2.00 X 0 0 0 FRAN A STREETS 2.00 X 0 0 0 JUDY C SWANSON 2.00 X 0 0 0 PATRICIA A TEROLLER 2.00 X 0 0 0 RICHARD J THALHEIMER 2.00 X 0 0 0 SUSAN A VAN WAGNER 2.00 X 0 0 0 LONNA WAIS 2.00 X 0 0 0 TRACEY B WARSON 2.00 X 0 0 0 PAUL L WATTIS III 2.00 X 0 0 0 TIMOTHY C WU 2.00 X 0 0 0 AKIKO YAMAZAKI 2.00 X 0 0 0 JANICE HANSEN ZAKIN MD 2.00 X 0 0 0 ALISON MAUZE 2.00 X 0 0 0 CHRISTINA EA HECHT 2.00 X 0 0 0 KRISTEN A MARSH 2.00 X 0 0 0 M Glenn McCoy 50.00 X 310092 0 15770 Kimberly Carim 50.00 X 138250 0 8535 Thomas W Flynn 50.00 X 162319 0 8865 Yuan-Yuan Tan 40.00 X 146309 0 5908 Martin West 40.00 X 130408 0 7331 Julie A Butt 50.00 X 130821 0 29332 MURRAY BOGNOVITZ 40.00 X 138524 0 8132 DEBRA BERNARD 50.00 X 132493 0 13044 1823592 0 212461 28 0 1 0 Artsmarketing Services Inc Dept 325 PO Box 8000 Buffalo NY 14267 TELEFUNDING 484936 McCall Associates Events Management Inc 350 Florida St san francisco CA 94110 EVENT PLANNING AND SERVICES 235551 D's Seven Services Inc 1478 B Street SUITE 2A hayward CA 94541 JANITORIAL SERVICES 158541 DELOITTE & TOUCHE LLP PO Box 7247-6446 Philadelphia PA 19170 AUDIT SERVICES 128050 4 4917 13222922 1603135 4074430 522600 43845 775463 19471849 performance & touring 711120 17107380 17107380 school/housing 711120 1992184 1992184 OUTREACH 711120 14959 14959 19114523 26795 26795 1 1 9918 9918 22538 28125 22538 28125 50663 50663 773664 179441 778828 176790 -5164 2651 -2513 -2513 830388 1603135 1225859 -395471 -395471 31770 31770 31770 684605 548350 136255 100116 36139 expense reimbursement 711120 19169 19169 19169 38462959 19265302 36139 -310331 707253 707253 1572261 623436 778499 170326 18373763 15667668 1976103 729992 1060339 1059462 709 168 3846833 3296736 402153 147944 1637573 1370482 197863 69228 148346 80224 68122 108008 108008 176530 176530 964286 167163 775495 21628 2726001 33044 2692957 1192536 817767 228377 146392 369912 369912 718572 718572 701371 353933 321017 26421 864845 685546 112359 66940 1270935 1840 1269095 22907 22907 2476479 1086206 1390273 365127 9040 356087 costumes/sets/props 887464 887464 Dance medicine 346565 346565 Catering 241629 17269 224360 UBI Tax 5600 5600 facilities allocation -29792 1963546 -2129313 135975 825691 292288 462421 70982 41581034 30191142 9403006 1986886 9535858 6110780 2532700 5893221 5552211 3811914 184449 86544 180178 234035 1282509 1444618 55949454 21657230 35324960 34292224 17069636 15700911 71662501 67574247 7927296 9397329 5234831 5064861 44900000 44900000 1196911 457233 703640 59716271 60065830 X 2178741 -603141 9767489 8111558 11946230 7508417 71662501 67574247 X 0 1 1 X 0 X 18021214 23681845 29782531 24691526 19471848 115648964 18021214 23681845 29782531 24691526 19471848 115648964 3822830 111826134 289088 1312737 732367 169016 99095 2602303 12445 21644 9512 43601 199640 199640 118494508 75021554 0.94370 0.94860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2245530 40000 33116 2318646 2245530 2245530 1.00000 0 1 1 4519388 4519388 33463943 10902266 22561677 6107907 3331100 2776807 11858216 7423864 4434352 34292224 Due from San Francisco Ballet Endowment Foundation 13649603 restricted cash - bond proceeds 1201585 bond issuance costs 849723 15700911 Post retirement benefit obligation 575787 Capital Lease Obligation - Current 11253 Capital Lease Obligation - Long Term 16600 Refundable Grant Advance 100000 703640 38462959 41581034 -3118075 6265963 -4135851 2130112 -987963 47294432 6265963 2564305 8830268 38464164 -1205 -1205 38462959 48282395 6716750 6716750 41565645 15389 15389 41581034 Part V, Line 4: Description of Intended Use of Endowment Funds: Reserve liquidity including, but not limited to, meeting collateral posting requirements on interest rate swap. Part X: Description of Uncertain Tax Positions Under FIN 48: THE ASSOCIATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED, TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM CALIFORNIA FRANCHISE TAX UNDER REVENUE AND TAXATION CODE SECTION 23701(D). BALLET MANAGEMENT BELIEVES THAT NO LIABILITES ARE REQUIRED TO ACCRUE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2010. Part XI, Line 8 - Other Adjustments: other: -1342825. san francisco ballet endowment foundation: -2793026. Part XII, Line 2d - Other Adjustments: other: 660508. san francisco ballet endowment foundation: 1903797. Part XII, Line 4b - Other Adjustments: other: -1205. Part XIII, Line 2d - Other Adjustments: other: 1759290. san francisco ballet endowment foundation: 4957460. Part XIII, Line 4b - Other Adjustments: other: 15389. Central America and the Caribbean 0 0 INVESTMENTS 12500 0 0 12500 X X X X X X X 1 Artsmarketing Services Telefunding 0 425477 176530 248947 425477 176530 248947 CA opening night gala 1714956 1264431 450525 57022 192866 13250 568023 FASHION SHOW 443285 261960 181325 49471 80527 5 275282 76744 198538 18119 91103 2626 152852 2433523 1603135 830388 75141 333440 15876 801402 1225859 -395471 31770 1 1.00000 31770 31770 CA 1 0 1 0 1.00000 Kimberly O Carim 455 Franklin St San Francisco CA 941020000 0 0 1 Housing Scholarship 29 102700 School Scholarship 271 604553 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: 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. Students' progress and enrollment is monitored as a routine part of their Ballet School studio work. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Helgi Tomasson 532800 0 0 0 1576 0 94202 0 21342 0 649920 0 0 0 M Glenn McCoy 285092 0 25000 0 0 0 0 0 15770 0 325862 0 0 0 Thomas W Flynn 162319 0 0 0 0 0 0 0 8865 0 171184 0 0 0 Yuan-Yuan Tan 146309 0 0 0 0 0 0 0 5908 0 152217 0 0 0 Julie A Butt 130821 0 0 0 0 0 0 0 29332 0 160153 0 0 0 Part I, Line 1a First class air travel for business-related travel for Artistic Director. One listed person received the benefit. None of the benefit was treated as taxable compensation. ca infrastructure & econ development bank 630304653 13033wr54 2008-08-01 44900000 refund series 2006 bonds 0 0 44900000 900000 2009 1 0 1 1 0 0 0 0 1 1 0 1 1 JP Morgan Chase Bank NA 28.000000000000 0 0 0 FIRST REPUBLIC BANK trustee is CEO 5424000 Unused lines and letters of credit at First Republic Bank 0 Wells Fargo Bank Trustee is spouse of Board Chair;other Trustee is E.V.P 2318646 Transfer of assets for investment management 0 Pacific Gas & Electric trustee is president 166015 Payment of Utilities 0 JP MORGAN trustee is Vice Chairman & Head of Investment Banking, Western US 823635 Remarketing services for tax exempt bonds; interest rate swap counterparty 0 AT&T Trustee is President-California 150629 Payment of Utilities 0 X 41 773664 COST/SELLING PRICE X misc services 53 0 Opinions of experts 0 0 1 0 Form 990, Part VI, Section A, line 4 Section 3.2 of the San Francisco Ballet Association's bylaws were amended to add the following: "The only Associate Trustees shall be the president, co-presidents, chair, or co-chairs, as the case may be or as the Board may designate from time to time, of the following groups: San Francisco Ballet Allegro Circle, San Francisco Ballet Association Auxiliary, BRAVO and ENCORE! Each such Associate Trustee shall serve during the term of such person's office as such, automatically and without the need for being elected by the Members or the Board, or until such Associate Trustee's respective group shall be disbanded by action of the Board in its sole discretion." Form 990, Part VI, Section A, line 6 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 of 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 Trustees of the Association 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 ByLaws 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 the ByLaws (unless the ByLaw amendment is approved by the Board alone in accordance with the terms of the ByLaws). Form 990, Part VI, Section B, line 11 The Form 990 was reviewed and approved at a meeting of the Audit Committee. The Form 990 was posted on the Association's Trustee intranet website and Trustees were notified in writing and verbally at a Board meeting of the availablity of the Form 990 for their review. Form 990, Part VI, Section B, line 12c Questionnaires are issued annually to employees, Trustees and others who have an annual reporting requirement under the policy. Responses are monitored and outstanding forms are inquired after. 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 directly to the Executive Director, who may further report the matter to the Board Chair. Form 990, Part VI, Section B, line 15 The Association's process for determining the compensation of the Artistic Director and Executive Director involved analysis of the compensation by the compensation committee, written employment contracts and prior approval of the contract terms by the compensation committee. In this fiscal year, the compensation of the CFO was reviewed by the board as part of an approved budget in which all senior executives of the San Francisco Ballet Association voluntarily gave up raises and 10% of their prior year's compensation as a cost-saving measure. Form 990, Part VI, Section C, line 19 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 six years available to the public via its website. Form 990, governing documents and the conflict of interest policy are also available upon request. Generally accepted accounting principles require that the financial statements of the Association be shown consolidated with those of San Francisco Ballet Endowment Foundation. Such consolidated financial statements are audited by an independent accountant and reviewed by the Audit Committee of the Association. Schedule G, Part I, Line 2b, Column (v) Explanation of Fundraising Payments The Association pays for fundraising services (telefunding) alone and incurs its own stationery, mailing, postage, list rentals, and other fundraising expenses directly. The Association has not entered into any professional fundraising arrangements under which the Association made payments exclusively for fundraising expense but not for professional fundraising services. Schedule K Supplental Information As a result of the downgrading of the credit rating of AIB, the Ballet has elected to replace AIB with an alternate letter of credit from First Republic Bank, with a confirming letter of credit provided by the Federal Home Loan Bank of San Francisco, thereby triggering a mandatory tender on the Series 2008 Bonds in whole on December 30, 2010. On December 14, 2010, First Republic Bank ("Purchaser") entered into a Private Placement Agreement with the California Infrastructure and Economic Development Bank (CIEDB) ("Issuer") and the Ballet, whereby the Purchaser agrees to purchase from the Issuer $25,000,000 CIEDB Revenue Bonds Series 2010A (San Francisco Ballet Association) and $5,000,000 CIEDB Variable Rate Revenue Bonds Series 2010B (San Francisco Ballet Association), (collectively the "Series 2010 Bonds") , with the closing to occur on December 30, 2010. Proceeds from the Series 2010 Bonds will be used to refund a portion of the Series 2008 Bonds and to fund costs of the Series 2010 Bonds and reissuance of the Series 2008 Bonds. The outstanding amount of the Series 2008 Bonds will be reduced to $15,600,000 and upon reissuance, the interest rate of the Series 2008 Bonds will reset monthly. Schedule K, Part II, Line 5, Issuance costs from proceeds: Issuance cost from proceeds is composed of $804,502 used for bond issuance costs (including underwriter's discount) and $95,498 used for credit enhancement. San Francisco Ballet Endowment Foundation 455 Franklin Street san francisco CA 94102 942747262 investment CA section 501(c)(3) 11A N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 san Francisco Ballet Endowment Foundation C 4074430 san Francisco Ballet Endowment Foundation E 44900000 san Francisco Ballet Endowment Foundation N 253262 san Francisco Ballet Endowment Foundation P 927850