Stern Grove Festival Association
- Assets
- $16.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 175
- Location
- San Francisco, CA
- Founding
- 02/1944
- Data as of
- 09/2023
- EIN
- 94-6064356
Organization Overview
Stern Grove Festival Association is located in San Francisco, CA. The organization was established in 1944. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Stern Grove Festival Association employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stern Grove Festival Association 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 09/2023, Stern Grove Festival Association generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.0m during the year ending 09/2023. While expenses have increased by 4.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STERN GROVE FESTIVAL ASSOCIATION (SGFA) IS AN INDEPENDENT NONPROFIT ORGANIZATION PROVIDING FREE MUSICAL CONCERTS AND EDUCATION PROGRAMS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCERT PROGRAMS: STERN GROVE FESTIVAL WAS FOUNDED IN 1938 BY MRS. ROSALIE MEYER STERN, A CIVIC ACTIVIST AND ARTS PATRON WHO ENVISIONED A SERIES OF FREE PERFORMANCES OPEN TO THE PUBLIC IN SIGMUND STERN GROVE, A STUNNING NATURAL AMPHITHEATER AND PARK IN SAN FRANCISCO. GENERATIONS OF MUSIC AND NATURE LOVERS GATHER AT STERN GROVE FESTIVAL TO ENJOY WORLD-CLASS ARTISTS, PICNICKING, AND RELAXATION IN SERENE MEADOW SURROUNDED BY GIANT EUCALYPTUS AND REDWOOD TREES. STERN GROVE WAS REDESIGNED BY RENOWNED LANDSCAPE ARCHITECT, LAWRENCE HALPRIN, AND IS A WORLD-CLASS PERFORMANCE ART FACILITY AND A NATURAL JEWEL IN THE HEART OF THE CITY. SINCE 1938, STERN GROVE FESTIVAL HAS PRESENTED ADMISSION-FREE, OUTDOOR CONCERTS FOR BAY AREA RESIDENTS AND VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew W Goldman Chairman | OfficerTrustee | 4 | $0 |
Jason E Goldman Vice Chairman | OfficerTrustee | 2 | $0 |
David Sikes Secretary | OfficerTrustee | 2 | $0 |
Aaron P Waxman CPA Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Allin Board Member (start 09/23) | Trustee | 1 | $0 |
Joe Amadea Board Member (start 09/23) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound On Stage Audio Equipment Rental | 9/29/23 | $192,002 |
United Talent Agency Llc Artist Management | 9/29/23 | $128,500 |
Events Management Inc Event Management | 9/29/23 | $102,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,443 |
| Related organizations | $0 |
| Government grants | $541,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,049,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,802,165 |
| Total Program Service Revenue | $0 |
| Investment income | $432,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $87,228 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,477,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $247,524 |
| Compensation of current officers, directors, key employees. | $82,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $757,527 |
| Pension plan accruals and contributions | $28,315 |
| Other employee benefits | $53,142 |
| Payroll taxes | $96,533 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $978 |
| Fees for services: Accounting | $73,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,925 |
| Advertising and promotion | $169,020 |
| Office expenses | $22,942 |
| Information technology | $48,389 |
| Royalties | $0 |
| Occupancy | $185,711 |
| Travel | $4,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,973 |
| Insurance | $56,696 |
| All other expenses | $0 |
| Total functional expenses | $4,024,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,972 |
| Savings and temporary cash investments | $184,977 |
| Pledges and grants receivable | $64,704 |
| 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 | $11,166 |
| Prepaid expenses and deferred charges | $2,888 |
| Net Land, buildings, and equipment | $30,344 |
| Investments—publicly traded securities | $15,322,060 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $275,908 |
| Total assets | $16,207,019 |
| Accounts payable and accrued expenses | $486,144 |
| 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 | $273,229 |
| Total liabilities | $759,373 |
| Net assets without donor restrictions | $4,548,943 |
| Net assets with donor restrictions | $10,898,703 |
| 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 | $16,207,019 |