Civic Intelligence

Kronos Performing Arts Association

990 • Fiscal year 2021 • EIN 23-7444956

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 16, 2022

PO Box 225340San Francisco, CA 94122

(415) 731-3533

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.47x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.33x

Higher debt load relative to revenue than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

41st percentile

7.6%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$123,897

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

80th percentile

35%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,161,077

Up $298,069 (+35%) from 2020

Net Assets

Up

$614,787

Up $124,615 (+25%) from 2020

Liabilities

Up

$546,290

Up $173,454 (+47%) from 2020

Revenue

Down

$1,635,399

Down $325,797 (-17%) from 2020

Expenses

Down

$1,510,784

Down $932,809 (-38%) from 2020

Net Income

Up

$124,615

Up $607,012 (+126%) from 2020

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

2021

Assets$1,161,077
Liabilities$546,290
Net Assets$614,787

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

2021

Revenue$1,635,399
Expenses$1,510,784
Net Income$124,615
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 16, 2022
Return Version
2020v4.0
Gross Receipts
$1,635,399
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]

Kronos exists to create, perform, and promote music from a global perspective that responds to the world we share and expands the understanding of music's role as a powerful force in society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$625,390$766,633▲ $141,243
Pledges and Grants Receivable$136,040$310,836▲ $174,796
Prepaid Expenses and Deferred Charges$30,209$33,474▲ $3,265
Accounts Receivable$40,210$31,380▼ $8,830
Land, Buildings, and Equipment, Net$23,055$11,850▼ $11,205
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$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$863,008$1,161,077▲ $298,069
Other Assets Total$8,104$6,904▼ $1,200
Liabilities
Unsecured Notes Loans Payable$248,982$398,882▲ $149,900
Accounts Payable and Accrued Expenses$118,854$98,408▼ $20,446
Deferred Revenue-$49,000-
Other Liabilities$5,000--
Total Liabilities$372,836$546,290▲ $173,454
Net Assets / Fund Balance
Net Assets With Donor Restrictions$292,250$384,175▲ $91,925
Net Assets Without Donor Restrictions$197,922$230,612▲ $32,690
Total Net Assets Fund Balance$490,172$614,787▲ $124,615
Total Liabilities and Net Assets / Fund Balance$863,008$1,161,077▲ $298,069

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,850$164,401$176,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet CowperthwaiteExecutive DirectorFT$106,458$17,439$123,897
John SherbaDirectorFT$105,800$4,284$110,084
David HarringtonDirectorFT$105,535$4,312$109,847
Henry DuttDirectorFT$105,298$4,353$109,651
Sunny YangDirectorFT$80,066$9,956$90,022

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,361,352
Program Service Revenue
$273,760
Investment Income
$287
Other Revenue
$0
All Other Contributions
$893,630
Change in Net Assets
$124,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,635,399
Total Revenue per Audited Statements
$1,635,399
Total Revenue per Form 990
$1,635,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$962,552
Other Expenses$548,232
Total Fundraising Expense$123,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$331,073$95,132$58,798$485,003
Current Officers, Directors, Trustees, and Key Employees$262,349$11,777$35,333$309,459
Fees for Services Other$263,723$8,833-$272,556
Other Employee Benefits$79,591$14,339$12,625$106,555
Occupancy-$72,706-$72,706
Payroll Taxes$45,963$8,281$7,291$61,535
Fees for Services Accounting-$32,565-$32,565
Royalties$31,033--$31,033
Travel$13,037$1,492-$14,529
Other Expenses$12,347$7,551$5,288$12,839
Insurance-$12,422-$12,422
All Other Expenses$1,967$9,043$424$11,434
Depreciation Depletion-$11,205-$11,205
Fees for Services Legal$8,238$1,609-$9,847
Information Technology-$8,082-$8,082
Office Expenses-$2,543-$2,543
Interest-$1,342-$1,342
Total Functional Expenses$1,066,418$321,289$123,077$1,510,784

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,510,784
Total Expenses per Audited Statements$1,510,784
Total Expenses per Form 990$1,510,784
International Activity

International Summary

Spending
$4,166

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
CanadaPerformances & RecordingsTouring and Royalties/Fees00$2,500
EnglandPerformances & RecordingsTouring and Royalties/Fees00$1,666
RussiaPerformances & RecordingsTouring and Royalties/Fees00$0
NetherlandsPerformances & RecordingsTouring and Royalties/Fees00$0
AustriaPerformances & RecordingsTouring and Royalties/Fees00$0
PolandPerformances & RecordingsTouring and Royalties/Fees00$0
SpainPerformances & RecordingsTouring and Royalties/Fees00$0
SwitzerlandPerformances & RecordingsTouring and Royalties/Fees00$0
PortugalPerformances & RecordingsTouring and Royalties/Fees00$0
ItalyPerformances & RecordingsTouring and Royalties/Fees00$0
BelgiumPerformances & RecordingsTouring and Royalties/Fees00$0
AustraliaPerformances & RecordingsTouring and Royalties/Fees00$0
IndonesiaPerformances & RecordingsTouring and Royalties/Fees00$0
FrancePerformances & RecordingsTouring and Royalties/Fees00$0
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
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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 EXECUTIVEDIRECTOR. THIS GROUP OF INDIVIDUALS DISCUSSES THE CONTENTS OF THE RETURN WITHTHE OUTSIDE TAX PROFESSIONAL. After a full review, 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 they are available for viewing as electronic copies) and are also available by request from the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Kronos Performing Arts Association
EIN
23-7444956
Phone
4157313533
Address
PO Box 225340, San Francisco, CA 94122

Signing Officer

Name
Janet Cowperthwaite
Title
Executive Director
Phone
4157313533
Signed
2022-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Cowperthwaite
Formed
1975
Legal Domicile
CA
Voting Board Members
26
Independent Board Members
19
Employees
15
Volunteers
20

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

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

Other program services 4: preservation: kronos' expansive discography on nonesuch records and other labels includes albums such as "pieces of africa" (1992), a showcase of african composers; "kronos quartet: 25 years" (1998), a ten-disc anthology; and three grammy-winning albums: alban berg's "lyric suite (2003), featuring reknowned soprano dawn upshaw; "landfall" (2018) with laurie anderson; and terry riley's "sun rings" (2019). Kronos' recent releases include "one earth, one people, one love: kronos plays terry riley," a five-disc boxed set; "folk songs" featuring sam amidon, oliva chaney, rhiannon giddends, and natalie merchant singing traditional folk songs; and "long time passing: kronos and friends celebrate pete seeger" (2020). In addition to commercial releases, kronos' recordings have been used in films, television programs, dance and theatrical productions, and advertising.

Financial Statement Notes

Part X : FIN48 Footnote

Income Taxes: KPAA is organized as California nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi) and (viii), and has been determined not to be private foundations under IRC Sections 509(a)(1) and (3), respectively. KPAA is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. KPAA is not required to file an Exempt Organization Business Income Tax Return (Form 990-T) because it had no unrelated business taxable income for the years ended June 30, 2021. 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Janet Cowperthwaite
IRS990/Form990PartVIISectionAGrp/PersonNm1John Sherba
IRS990/Form990PartVIISectionAGrp/PersonNm2David Harrington
IRS990/Form990PartVIISectionAGrp/PersonNm3Henry Dutt
IRS990/Form990PartVIISectionAGrp/PersonNm4Sunny Yang
IRS990/Form990PartVIISectionAGrp/PersonNm5Andrea A Lunsford
IRS990/Form990PartVIISectionAGrp/PersonNm6Curtis Smith
IRS990/Form990PartVIISectionAGrp/PersonNm7Sumiko Ito Allison
IRS990/Form990PartVIISectionAGrp/PersonNm8Wallace Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm9Andrew Fogg
IRS990/Form990PartVIISectionAGrp/PersonNm10Kenneth Foster
IRS990/Form990PartVIISectionAGrp/PersonNm11Jeanne Giordano
IRS990/Form990PartVIISectionAGrp/PersonNm12Robert E Gordon
IRS990/Form990PartVIISectionAGrp/PersonNm13Edward King
IRS990/Form990PartVIISectionAGrp/PersonNm14Derek Lance
IRS990/Form990PartVIISectionAGrp/PersonNm15Caroline Lee
IRS990/Form990PartVIISectionAGrp/PersonNm16Donlyn Lyndon
IRS990/Form990PartVIISectionAGrp/PersonNm17Drew McCalley
IRS990/Form990PartVIISectionAGrp/PersonNm18Greg G Minshall
IRS990/Form990PartVIISectionAGrp/PersonNm19Elisabeth Morton
IRS990/Form990PartVIISectionAGrp/PersonNm20Christine OConnor
IRS990/Form990PartVIISectionAGrp/PersonNm21Priscilla Stoyanof
IRS990/Form990PartVIISectionAGrp/PersonNm22Alice Wingwall
IRS990/Form990PartVIISectionAGrp/PersonNm23Kirsten Wolff
IRS990/Form990PartVIISectionAGrp/PersonNm24Evan Neff
IRS990/Form990PartVIISectionAGrp/PersonNm25Vasudevan Panicker
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Chair
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/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
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IRS990/FormationYr01975
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0KRONOS EXISTS TO CREATE, PERFORM, AND PROMOTE MUSIC FROM A GLOBAL PERSPECTIVE THAT RESPONDS TO THE WORLD WE SHARE AND EXPANDS THE UNDERSTANDING OF MUSIC'S ROLE AS A POWERFUL FORCE IN SOCIETY. {Continued on Schedule O}
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IRS990/OtherExpensesGrp/Desc0Publicity and Promotion
IRS990/OtherExpensesGrp/Desc1Production
IRS990/OtherExpensesGrp/Desc2Rehearsal space
IRS990/OtherExpensesGrp/Desc3Outside Services
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IRS990/OtherExpensesGrp/FundraisingAmt15288
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02936

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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