San Francisco Symphony
- Assets
- $429.1m
- Revenue
- $66.4m
- Investments
- $79.7m
- Employees
- 704
- Location
- San Francisco, CA
- Founding
- 01/1955
- Data as of
- 08/2021
- EIN
- 94-1156284
Organization Overview
San Francisco Symphony is located in San Francisco, CA. The organization was established in 1955. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, San Francisco Symphony employed 704 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Symphony is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, San Francisco Symphony generated $66.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $53.8m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, San Francisco Symphony has awarded 25 individual grants totaling $476,690. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH, SERVE, AND SHAPE CULTURAL LIFE THROUGHOUT THE SPECTRUM OF BAY AREA COMMUNITIES.
Describe the Organization's Program Activity:
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 22 CONCERTS. FROM SEPTEMBER 2020 THROUGH MAY 2021, NO LIVE CONCERTS WERE PERFORMED DUE TO THE PANDEMIC. THE SYMPHONY TYPICALLY REACHES MILLIONS OF OTHERS THROUGHOUT THE UNITED STATES AND ABROAD THROUGH TOURING, RECORDING, DIGITAL PERFORMANCE, AND RADIO AND TELEVISION BROADCASTS.DURING A LARGE PORTION OF THE YEAR, SAN FRANCISCO SYMPHONY WAS UNABLE TO PERFORM IN FRONT OF LIVE AUDIENCES DUE TO THE ONGOING PANDEMIC AND THE WORK SHIFTED TO A DIGITAL PLATFORM. ON FEBRUARY 2021, THE SAN FRANCISCO SYMPHONY LAUNCHED SFSYMPHONY+, AN ONLINE SUBSCRIPTION PLATFORM FOR ON-DEMAND VIDEO STREAMING SERVICES.THE FEBRUARY - AUGUST 2021 DIGITAL PROGRAMMING INCLUDES: - DIGITAL SOUNDBOX SERIES WITH THREE PROGRAMS CURATED BY ESA-PEKKA SALONEN; ADDITIONAL PROGRAMS CURATED BY JULIA BULLOCK, DESTINY MUHAMMAD, NICO MUHLY, AND CLAIRE CHASE - NEW EPISODES OF CURRENTS SERIES, EXPLORING INDIAN CLASSICAL, AMERICAN INDIAN, ZIMBABWEAN, PERSIAN, AND KLEZMER MUSICAL CULTURES - FREE CHINESE NEW YEAR VIRTUAL CELEBRATION: YEAR OF THE OX - FREE CHAMBER MUSIC PERFORMANCES BY MEMBERS OF THE SAN FRANCISCO SYMPHONY
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hanson Left 82021 CEO | Officer | 60 | $763,604 |
David Chambers Left 62020 Chief Advancement & Revenue Officer | 60 | $372,991 | |
Alexander Barantschik Concertmaster | 60 | $260,873 | |
Elizabeth Pesch CFO | Officer | 60 | $256,873 |
Matthew Spivey Start 72021 Interim Ceo/chief Programming Officer | Officer | 60 | $245,889 |
Daniel Coleman Senior Director Of Development | 60 | $196,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armanino Llp Accounting Services | 8/30/21 | $314,212 |
Karawane Inc Music Director | 8/30/21 | $1,076,243 |
Blueprint Studios Event Planner | 8/30/21 | $344,886 |
Cliftonlarsonallen Llp Accounting Services | 8/30/21 | $517,032 |
Bpm Accounting Services | 8/30/21 | $310,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,226 |
| Fundraising events | $1,594,498 |
| Related organizations | $0 |
| Government grants | $14,433,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,921,608 |
| Noncash contributions included in lines 1a–1f | $2,269,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,012,650 |
| Total Program Service Revenue | $1,358,354 |
| Investment income | $4,149,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,768 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,256,668 |
| Net Income from Fundraising Events | -$407,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,425,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,888,458 |
| Compensation of current officers, directors, key employees. | $760,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,056,205 |
| Pension plan accruals and contributions | $2,619,105 |
| Other employee benefits | $2,583,757 |
| Payroll taxes | $1,938,809 |
| Fees for services: Management | $55,204 |
| Fees for services: Legal | $109,620 |
| Fees for services: Accounting | $753,095 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $127,139 |
| Fees for services: Investment Management | $110,558 |
| Fees for services: Other | $3,716,125 |
| Advertising and promotion | $1,135,060 |
| Office expenses | $437,333 |
| Information technology | $687,399 |
| Royalties | $1,753 |
| Occupancy | $635,390 |
| Travel | $136,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,778,867 |
| Insurance | $400,213 |
| All other expenses | $595,285 |
| Total functional expenses | $53,793,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,509,570 |
| Savings and temporary cash investments | $328,805 |
| Pledges and grants receivable | $11,774,202 |
| Accounts receivable, net | $4,809,545 |
| Loans from Officers, Directors, or Controlling Persons | $399,633 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,816,486 |
| Inventories for sale or use | $211,104 |
| Prepaid expenses and deferred charges | $1,445,856 |
| Net Land, buildings, and equipment | $19,104,422 |
| Investments—publicly traded securities | $276,515,750 |
| Investments—other securities | $79,674,966 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,528,960 |
| Total assets | $429,119,299 |
| Accounts payable and accrued expenses | $9,359,916 |
| Grants payable | $0 |
| Deferred revenue | $8,098,341 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,358,361 |
| Total liabilities | $29,816,618 |
| Net assets without donor restrictions | $35,083,161 |
| Net assets with donor restrictions | $364,219,520 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $429,119,299 |
Grants Awarded
Over the last fiscal year, San Francisco Symphony has awarded $23,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: ENCOURAGE PARTICIPATION IN THE ARTS | $13,850 |
Oakland, CA PURPOSE: ENCOURAGE PARTICIPATION IN THE ARTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that San Francisco Symphony has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Urbanek Family Foundation Menlo Park, CA PURPOSE: UNRESTRICTED CHARITABLE DONATION | $10,000 |
Sharon & Bob Ford Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Jean And Hing Wong Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Sidney And Bernice Clyman Family Foundation San Rafael, CA PURPOSE: IN FURTHERANCE OF THE STATED OBJECTIVES OF THE FOUNDATION | $500 |
The Verla K Regnery Foundation Mill Valley, CA PURPOSE: MUSIC EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $293,697,954 |
| Earnings | $75,404,113 |
| Net Contributions | $8,555,472 |
| Other Expense | $13,165,476 |
| Ending Balance | $364,492,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Philharmonic Association Los Angeles, CA | $566,505,035 | $148,973,896 |
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |