Civic Intelligence

Kronos Performing Arts Association

990 • Fiscal year 2014 • EIN 23-7444956

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 14, 2014

PO Box 22534094122

(415) 731-3533

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.15x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

27th percentile

-5.3%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$138,599

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Down

$907,397

Down $156,586 (-15%) from 2013

Net Assets

Down

$774,287

Down $140,139 (-15%) from 2013

Liabilities

Down

$133,110

Down $16,447 (-11%) from 2013

Revenue

$2,639,463

No earlier filing loaded for comparison.

Expenses

Up

$2,779,602

Up $366,478 (+15%) from 2013

Net Income

-$140,139

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $1,124,290Liabilities 2012: $89,013Net Assets 2012: $1,035,2772012Assets 2013: $1,063,983Liabilities 2013: $149,557Net Assets 2013: $914,4262013Assets 2014: $907,397Liabilities 2014: $133,110Net Assets 2014: $774,2872014Assets 2015: $1,113,451Liabilities 2015: $187,992Net Assets 2015: $925,4592015Assets 2016: $1,120,022Liabilities 2016: $99,145Net Assets 2016: $1,020,8772016Assets 2017: $1,127,341Liabilities 2017: $153,941Net Assets 2017: $973,4002017Assets 2018: $1,406,111Liabilities 2018: $94,749Net Assets 2018: $1,311,3622018Assets 2019: $1,154,400Liabilities 2019: $181,831Net Assets 2019: $972,5692019Assets 2020: $863,008Liabilities 2020: $372,836Net Assets 2020: $490,1722020Assets 2021: $1,161,077Liabilities 2021: $546,290Net Assets 2021: $614,7872021Assets 2022: $1,591,460Liabilities 2022: $505,258Net Assets 2022: $1,086,2022022Assets 2023: $2,024,130Liabilities 2023: $395,879Net Assets 2023: $1,628,2512023Assets 2024: $1,957,294Liabilities 2024: $236,354Net Assets 2024: $1,720,9402024

Highlighted filing

2014

Assets$907,397
Liabilities$133,110
Net Assets$774,287

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,184,6382012Expenses 2013: $2,413,1242013Revenue 2014: $2,639,463Expenses 2014: $2,779,602Net Income 2014: -$140,1392014Revenue 2015: $2,674,835Expenses 2015: $2,523,663Net Income 2015: $151,1722015Revenue 2016: $2,554,906Expenses 2016: $2,446,748Net Income 2016: $108,1582016Revenue 2017: $2,521,433Expenses 2017: $2,572,950Net Income 2017: -$51,5172017Revenue 2018: $3,236,794Expenses 2018: $2,901,714Net Income 2018: $335,0802018Revenue 2019: $2,385,167Expenses 2019: $2,729,778Net Income 2019: -$344,6112019Revenue 2020: $1,961,196Expenses 2020: $2,443,593Net Income 2020: -$482,3972020Revenue 2021: $1,635,399Expenses 2021: $1,510,784Net Income 2021: $124,6152021Revenue 2022: $2,774,082Expenses 2022: $2,302,667Net Income 2022: $471,4152022Revenue 2023: $2,993,162Expenses 2023: $2,451,113Net Income 2023: $542,0492023Revenue 2024: $2,944,139Expenses 2024: $2,851,450Net Income 2024: $92,6892024

Highlighted filing

2014

Revenue$2,639,463
Expenses$2,779,602
Net Income-$140,139
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 14, 2014
Return Version
2013v3.1
Gross Receipts
$2,639,463
Mission and Program Overview

Mission

FOR 45 YEARS, SAN FRANCISCOS KRONOS QUARTET HAS PURSUED A SINGULAR ARTISTIC VISION. MISSION STATEMENT: KRONOS EXISTS TO CREATE, PERFORM, AND PROMOTE MUSIC FROM A GLOBAL PERSPECTIVE THAT RESPONDS TO THE WORLD WE SHARE AND EXPANDS [continued on Schedule O]

The mission of KPAA is to contin- ually re-imagine the string quartet experience. Kronos fulfills its mission through commissioning, performing, presenting, recording and publishing contempor- ary music, and collaborating with, mentoring and encouraging other artists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$815,830$648,241▼ $167,589
Accounts Receivable$120,920$157,458▲ $36,538
Prepaid Expenses and Deferred Charges$97,565$67,447▼ $30,118
Land, Buildings, and Equipment, Net$22,867$27,451▲ $4,584
Cash and Non-Interest-Bearing Accounts$600$600→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,063,983$907,397▼ $156,586
Other Assets Total$6,201$6,200▼ $1
Liabilities
Accounts Payable and Accrued Expenses$149,557$133,110▼ $16,447
Total Liabilities$149,557$133,110▼ $16,447
Net Assets / Fund Balance
Unrestricted Net Assets$654,277$637,775▼ $16,502
Temporarily Rstr Net Assets$260,149$136,512▼ $123,637
Total Net Assets Fund Balance$914,426$774,287▼ $140,139
Total Liabilities and Net Assets / Fund Balance$1,063,983$907,397▼ $156,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,451$99,452$126,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HarringtonPresidentFT$121,000$17,599$138,599
Henry DuttTreasurerFT$121,000$17,599$138,599
John SherbaVice PresidentFT$121,423$14,534$135,957
Janet CowperthwaiteManaging DirectorFT$121,348$12,539$133,887
Laird RodetAssoc DirectorFT$92,000$16,729$108,729
Sunny YangCellistFT$100,000$7,321$107,321
Robert E GordonDirector-$10,225-$10,225

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$853,755
Program Service Revenue
$1,785,164
Investment Income
$544
Other Revenue
$0
All Other Contributions
$736,455
Change in Net Assets
$-140,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,639,463
Total Revenue per Audited Statements
$2,639,463
Total Revenue per Form 990
$2,639,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,402,849
Salaries, Compensation, and Employee Benefits$1,376,753
Total Fundraising Expense$270,146
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$371,280$114,240$85,680$571,200
Current Officers, Directors, Trustees, and Key Employees$362,223$111,453$83,591$557,267
Travel$232,931$34,940$23,293$291,164
Other Employee Benefits$84,996$26,153$19,614$130,763
Payroll Taxes$54,775$16,854$12,640$84,269
Advertising$67,958-$11,993$79,951
Occupancy$51,095$2,838$2,838$56,771
Fees for Services Other$6,532$20,278$17,400$44,210
All Other Expenses$27,059$13,641$858$41,558
Other Expenses$35,832-$5,435$35,832
Pension Plan Contributions$21,615$6,651$4,988$33,254
Fees for Services Accounting-$22,173-$22,173
Information Technology-$15,746-$15,746
Insurance$6,208$4,656$1,552$12,416
Office Expenses$8,244$3,759$264$12,267
Depreciation Depletion$809$9,300-$10,109
Fees for Services Legal-$7,644-$7,644
Interest-$1,640-$1,640
Total Functional Expenses$2,097,490$411,966$270,146$2,779,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,779,602
Total Expenses per Audited Statements$2,779,602
Total Expenses per Form 990$2,779,602
International Activity

International Summary

Spending
$260,708

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
United KingdomPerformancesTouring00$56,737
SwedenPerformancesTouring00$37,490
AustriaPerformancesTouring00$26,450
PortugalPerformancesTouring00$17,767
ColombiaPerformancesTouring00$16,423
SpainPerformancesTouring00$15,873
MexicoPerformancesTouring00$13,483
FrancePerformancesTouring00$13,371
GermanyPerformancesTouring00$10,048
PolandPerformancesTouring00$8,414
CanadaPerformancesTouring00$8,044
IrelandPerformancesTouring00$7,873
NetherlandsPerformancesTouring00$6,583
MaltaPerformancesTouring00$6,275
UkrainePerformancesTouring00$6,175
GreecePerformancesTouring00$4,616
SwitzerlandPerformancesTouring00$2,802
ChinaPerformancesTouring00$2,284
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Board members Alice Wingwall and Donlyn Lyndon are married to each other.

Form 990, Part VI, Line 11B: Form 990 Review Process

FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE MANAGINGDIRECTOR. THIS GROUP OF INDIVIDUALS DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. After a full review (with modifications where necessary), the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final return which is then e-filed with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Specifically, the organization uses the opportunity knocks national compensation and benefits survey to determine the amount of compensation. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Final compensation adjustments are approved by the board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Specifically, the organization uses the opportunity knocks national compensation and benefits survey to determine the amount of compensation. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Final compensation adjustments are approved by the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where it is available for viewing as an electronic copy) and are also available at the organization's office in san francisco, california (for a physical inspection).

Filing and Contact Details

Filer

EIN
23-7444956
Phone
4157313533

Signing Officer

Name
Janet Cowperthwaite
Title
Managing Director
Signed
2014-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Cowperthwaite
Formed
1975
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
16
Volunteers
20

Preparer

Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Mentoring/Education: The Kronos Quartet participates in mentoring and education projects on an ongoing basis. In 2003, to celebrate the 30th anniversary of the group, KPAA initiated the "Kronos: Under 30" project, a mentoring and residency program for composers under the age of 30. The group participates in many residencies at universities each year, working with student composers, musicians, and students from other areas of study. In 2007 and 2009 the quartet participated in Professional Training Workshops at Carnegie Hall's Weill Institute, which involved intensive coaching with young professional string quartets. Kronos often performs for school-aged children and families, both in schools and in concert hall settings. KPAA management also advises other organizations, performers, composers, and arts professionals on an ongoing basis.

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, KPAA is required to report information regarding its exposure to various tax positions taken by KPAA and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that it has adequately evaluated its current tax positions and has concluded that as of June 30, 2014, KPAA does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.KPAA has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that KPAA continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. KPAA could potentially receive unrelated business income (such as sublease rental income) requiring KPAA to file separate tax returns under federal and state statutes. Under such conditions, KPAA calculates and accrues the applicable taxes. KPAA had no unrelated business income during the years ended June 30, 2014 and 2013.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Janet Cowperthwaite
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IRS990/Form990PartVIISectionAGrp/PersonNm2Anna Ranieri PhD
IRS990/Form990PartVIISectionAGrp/PersonNm3David Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm4John Sherba
IRS990/Form990PartVIISectionAGrp/PersonNm5Henry Dutt
IRS990/Form990PartVIISectionAGrp/PersonNm6Sumiko Ito Allison
IRS990/Form990PartVIISectionAGrp/PersonNm7Judithe Bizot
IRS990/Form990PartVIISectionAGrp/PersonNm8Stephen K Cassidy
IRS990/Form990PartVIISectionAGrp/PersonNm9Wallace Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeanne Giordano
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert E Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm12Andrea A Lunsford PhD
IRS990/Form990PartVIISectionAGrp/PersonNm13Donlyn Lyndon FAIA
IRS990/Form990PartVIISectionAGrp/PersonNm14Jim Melchert
IRS990/Form990PartVIISectionAGrp/PersonNm15Michael L Milligan
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IRS990/Form990PartVIISectionAGrp/PersonNm18Alice Wingwall
IRS990/Form990PartVIISectionAGrp/PersonNm19Carol Yaple
IRS990/Form990PartVIISectionAGrp/PersonNm20Sunny Yang
IRS990/Form990PartVIISectionAGrp/PersonNm21Laird Rodet
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Cellist
IRS990/Form990PartVIISectionAGrp/TitleTxt21Assoc Director
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.24$1.72$2.94$2.85$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.40$1.63$2.99$2.45$0.54
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.51$1.09$2.77$2.30$0.47
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.55$0.61$1.64$1.51$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.37$0.49$1.96$2.44$0.48
2019Detailed filing. Detailed filing data is available for this year.$1.15$0.18$0.97$2.39$2.73$0.34
2018Detailed filing. Detailed filing data is available for this year.$1.41$0.09$1.31$3.24$2.90$0.34
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.15$0.97$2.52$2.57$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.10$1.02$2.55$2.45$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.19$0.93$2.67$2.52$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.13$0.77$2.64$2.78$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.15$0.91$2.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.09$1.04$2.18