San Francisco Ballet Endowment Foundation
- Assets
- $139.9m
- Revenue
- $24.0m
- Investments
- $74.5m
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 07/1981
- Data as of
- 06/2021
- EIN
- 94-2747262
Organization Overview
San Francisco Ballet Endowment Foundation is located in San Francisco, CA. The organization was established in 1981. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, San Francisco Ballet Endowment Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Ballet Endowment Foundation 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 06/2021, San Francisco Ballet Endowment Foundation generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING AND MANAGING FUNDS FOR THE BENEFIT OF THE SAN FRANCISCO BALLET ASSOCIATION.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Lani Assistant Secretary | Officer | 28 | $88,543 |
Robert H Fore III Chief Financial Officer | Officer | 10 | $19,018 |
Nancy Kukacka President | OfficerTrustee | 5 | $0 |
J Stuart Francis Vice President | OfficerTrustee | 5 | $0 |
Thomas E Horn Treasurer | OfficerTrustee | 5 | $0 |
Carmen Creel Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $746,461 |
| Noncash contributions included in lines 1a–1f | $203,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $746,461 |
| Total Program Service Revenue | $0 |
| Investment income | $18,676,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,543,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,966,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,954,344 |
| 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. | $210,376 |
| Compensation of current officers, directors, key employees. | $124,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,729 |
| Pension plan accruals and contributions | $6,693 |
| Other employee benefits | $741 |
| Payroll taxes | $23,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,039 |
| Fees for services: Accounting | $42,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $885,630 |
| Fees for services: Other | $94,731 |
| Advertising and promotion | $6,694 |
| Office expenses | $10,714 |
| Information technology | $7,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,437,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,824,316 |
| Pledges and grants receivable | $22,045 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $44,144,076 |
| Investments—other securities | $74,482,659 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,412,952 |
| Total assets | $139,886,048 |
| Accounts payable and accrued expenses | $33,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,126,340 |
| Total liabilities | $2,160,030 |
| Net assets without donor restrictions | $36,881,156 |
| Net assets with donor restrictions | $100,844,862 |
| 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 | $139,886,048 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that San Francisco Ballet Endowment Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Eliot & Cynthia Fried Foundation Inc San Francisco, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $113,923,812 |
| Earnings | $29,074,149 |
| Net Contributions | $2,740,493 |
| Other Expense | $8,281,520 |
| Ending Balance | $137,456,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Ballet Endowment Foundation San Francisco, CA | $139,886,048 | $23,966,743 |
Theatre Bay Area San Francisco, CA | $652,898 | $1,059,460 |
Creative Build Inc Torrance, CA | $0 | $669,772 |
Clare Rose Foundation Center For Creative Youth Development San Diego, CA | $62,745 | $569,565 |
Seenfire Foundation San Marino, CA | $55,572 | $405,004 |
Windows Of Heaven Inc Yorba Linda, CA | $240,619 | $252,312 |
Persian Watson Management Inc Farmersville, CA | $110,263 | $181,738 |
Circuit Network San Francisco, CA | $123,289 | $69,397 |
Recordially Yours Projects Portland, OR | $68,049 | $0 |
Hawaii Allstar Group Inc Mililani, HI | $2,732 | $5,656 |
Activist Foundation Inc West Hollywood, CA | $31,341 | $0 |