Civic Intelligence

San Diego Symphony Foundation

EIN 14-1858753 • 501(c)3 • San Diego, CA

Profile

To hold, administer, invest and distribute endowment funds or the earnings therefrom to the san diego symphony orchestra association on a regular and timely basis. To solicit endowment funds in order to provide financial support to the san diego symphony orchestra association. To encourage endowment gifts and grants in any form from any person or persons, the distributions from which shall support the programs and activities of the san diego symphony orchestra association. To hold all the powers granted to a nonprofit public benefit corporation by the laws of the state of california, including those powers in nonprofit corporations code section 5140.

1245 Seventh AvenueSan Diego, CA 92101

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

2nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

23rd percentile

-3.2%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$505,007

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

47th percentile

5.2%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$115,752,972

Up $5,686,106 (+5.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$115,752,972

Up $5,686,106 (+5.2%) from 2023

Revenue

Up

$6,443,962

Up $2,106,844 (+49%) from 2023

Expenses

Up

$6,649,366

Up $100,438 (+1.5%) from 2023

Net Income

Up

-$205,404

Up $2,006,406 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $43,719,062Liabilities 2011: $0Net Assets 2011: $43,719,0622011Assets 2012: $47,801,052Liabilities 2012: $0Net Assets 2012: $47,801,0522012Assets 2013: $49,790,137Liabilities 2013: $0Net Assets 2013: $49,790,1372013Assets 2014: $54,828,244Liabilities 2014: $0Net Assets 2014: $54,828,2442014Assets 2015: $52,621,679Liabilities 2015: $0Net Assets 2015: $52,621,6792015Assets 2016: $49,315,070Liabilities 2016: $0Net Assets 2016: $49,315,0702016Assets 2017: $52,426,804Liabilities 2017: $0Net Assets 2017: $52,426,8042017Assets 2018: $53,139,400Liabilities 2018: $0Net Assets 2018: $53,139,4002018Assets 2019: $102,959,251Liabilities 2019: $0Net Assets 2019: $102,959,2512019Assets 2020: $98,331,923Liabilities 2020: $0Net Assets 2020: $98,331,9232020Assets 2021: $121,018,561Liabilities 2021: $0Net Assets 2021: $121,018,5612021Assets 2022: $107,205,275Liabilities 2022: $0Net Assets 2022: $107,205,2752022Assets 2023: $110,066,866Liabilities 2023: $0Net Assets 2023: $110,066,8662023Assets 2024: $115,752,972Liabilities 2024: $0Net Assets 2024: $115,752,9722024

Highlighted filing

2024

Assets$115,752,972
Liabilities$0
Net Assets$115,752,972

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $5,039,991Expenses 2011: $2,136,434Net Income 2011: $2,903,5572011Revenue 2012: $6,753,849Expenses 2012: $2,148,638Net Income 2012: $4,605,2112012Revenue 2013: $1,196,033Expenses 2013: $2,475,733Net Income 2013: -$1,279,7002013Revenue 2014: $1,111,096Expenses 2014: $2,817,550Net Income 2014: -$1,706,4542014Revenue 2015: $819,106Expenses 2015: $3,047,406Net Income 2015: -$2,228,3002015Revenue 2016: $615,479Expenses 2016: $3,172,078Net Income 2016: -$2,556,5992016Revenue 2017: $1,198,682Expenses 2017: $3,156,556Net Income 2017: -$1,957,8742017Revenue 2018: $1,115,910Expenses 2018: $3,109,114Net Income 2018: -$1,993,2042018Revenue 2019: $52,084,293Expenses 2019: $4,152,805Net Income 2019: $47,931,4882019Revenue 2020: $838,405Expenses 2020: $5,704,351Net Income 2020: -$4,865,9462020Revenue 2021: $925,945Expenses 2021: $5,800,922Net Income 2021: -$4,874,9772021Revenue 2022: $1,941,451Expenses 2022: $5,944,483Net Income 2022: -$4,003,0322022Revenue 2023: $4,337,118Expenses 2023: $6,548,928Net Income 2023: -$2,211,8102023Revenue 2024: $6,443,962Expenses 2024: $6,649,366Net Income 2024: -$205,4042024

Highlighted filing

2024

Revenue$6,443,962
Expenses$6,649,366
Net Income-$205,404

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$0.00$116$6.44$6.65$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$0.00$110$4.34$6.55$2.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$107$0.00$107$1.94$5.94$4.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$121$0.00$121$0.93$5.80$4.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$98.3$0.00$98.3$0.84$5.70$4.87
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$0.00$103$52.1$4.15$47.9
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.1$0.00$53.1$1.12$3.11$1.99
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.4$0.00$52.4$1.20$3.16$1.96
2016Detailed filing. Detailed filing data is available for this year.$49.3$0.00$49.3$0.62$3.17$2.56
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.6$0.00$52.6$0.82$3.05$2.23
2014Detailed filing. Detailed filing data is available for this year.$54.8$0.00$54.8$1.11$2.82$1.71
2013Summary only. Only limited summary data is available for this year.$49.8$0.00$49.8$1.20$2.48$1.28
2012Summary only. Only limited summary data is available for this year.$47.8$0.00$47.8$6.75$2.15$4.61
2011Summary only. Only limited summary data is available for this year.$43.7$0.00$43.7$5.04$2.14$2.90
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,605,101
Mission and Program Overview

Mission

To hold, administer, invest and distribute endowment funds or the earnings therefrom to the San Diego Symphony Orchestra Association on a regular and timely basis. To solicit endowment funds in order to provide financial support to the San Diego Symphony Orchestra Association. To encourage endowment gifts and grants in any form from any person or persons, the distributions from which shall support the programs and activities of the San Diego Symphony Orchestra Association. To hold all the powers granted to a nonprofit public benefit corporation by the laws of the State of California, including those powers in Nonprofit Corporations Code section 5140.

Supporting organization that supports the san diego symphony orchestra association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$50,667,290$46,996,399▼ $3,670,891
Pledges and Grants Receivable$1,925,808$2,291,470▲ $365,662
Cash and Non-Interest-Bearing Accounts$28,581$27,201▼ $1,380
Total Assets$52,621,679$49,315,070▼ $3,306,609
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$54,440,696$55,066,358▲ $625,662
Unrestricted Net Assets$-1,819,017$-5,751,288▼ $3,932,271
Total Net Assets Fund Balance$52,621,679$49,315,070▼ $3,306,609
Total Liabilities and Net Assets / Fund Balance$52,621,679$49,315,070▼ $3,306,609

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$46,996,399--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$50,667,290$250,000▼ $760,442-$46,996,399
2014$52,635,364$150,000▲ $642,244-$50,667,290
2013$48,765,062-▲ $6,977,582-$52,635,364
2012$46,068,869$336,656▲ $4,522,890$26,000$48,765,062
2011$43,134,191$5,666,538▼ $505,836-$46,068,869
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$589,859
Program Service Revenue
$0
Investment Income
$25,620
Other Revenue
$0
All Other Contributions
$589,859
Change in Net Assets
$-2,556,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,984,000
Other Expenses$188,078
Total Fundraising Expense$1,495
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,984,000--$2,984,000
Fees for Service Investment Mgmnt Fees-$176,451-$176,451
Fees for Services Accounting-$6,400-$6,400
Insurance-$3,627-$3,627
Other Expenses-$105$1,495$105
Total Functional Expenses$2,984,000$186,583$1,495$3,172,078
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
San Diego Symphony Orchestra AssociationSan Diego, CA501(c)(3)To Support the Operations and Activities of a Symphony Orchestra.$2,984,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Management reviews the form 990, then the audit committee reviews and approves. The organization distributes a pdf copy of the form 990 to all board members prior to submission to the irs.

Form 990, Part VI, Section B, Line 12C

All board member, officers and directors are covered under the conflict of interest policy. Levels are determined on a case to case basis. Any possible conflicts are reviewed. Persons with a conflict would not be permitted to vote or act on a related topic that would give rise to a conflict.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request and on their website. Additionally, the combined financial statements of the san diego symphony orchestra association and the san diego symphony foundation are subject to an annual independent audit. The audit report is available on the san diego symphony's website, and is also available upon request.

FORM 990, PART VI, LINE 15:

The organization has no paid employees or officers.

Filing and Contact Details

Filer

Filer Name
San Diego Symphony Foundation
EIN
14-1858753
Phone
6192350800
Address
1245 SEVENTH AVENUE, SAN DIEGO, CA 92101

Signing Officer

Name
Seth Goldman
Title
CFO
Phone
6192350800
Signed
2017-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Goldman
Formed
2002
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DRIVE SUITE 1300, SAN DIEGO, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of charitable remainder trust 35,804.

FORM 990, PART IV, LINE 12B:

Audit financial statements are prepared on a combined basis because auditing standards so require. However a seperate balance sheet and statement of activity for each member of the combined group is presented in the audit financial statement report.

Financial Statement Notes

PART V, LINE 4:

To support the san diego symphony orchestra association.

PART X, LINE 2:

Sdso and sdsf are both california not-for-profit corporations that are exempt from income taxes under section 501(c)(3) of the internal revenue code and section 23701(d) of the california revenue and taxation code. Sdso and sdsf follow the provisions of financial accounting standards board ("fasb") accounting standards codification ("asc") 740-10, income taxes, related to accounting for uncertain tax positions. Sdso and sdsf have no unrecognized tax benefits or liabilities as of june 30, 2016 and 2015.

Raw XML AppendixShowing 400 of 595 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SUPPORTED ORGANIZATION: SAN DIEGO SYMPHONY ASSOCIATION
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION D. TYPE III SUPPORTING ORGANIZATIONS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART V, SECTION D, LINE 10- RESPONSIVE & ATTENTIVE TEST
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