Civic Intelligence

San Francisco Classical Voice

990 • Fiscal year 2017 • EIN 26-4305844

Sep 01, 2016 to Aug 31, 2017 • Filed on Feb 26, 2018

2342 Shattuck Avenue 323Berkeley, CA 94704

(415) 582-6460

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$99,135

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

86th percentile

60%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$270,475

Up $101,630 (+60%) from 2016

Net Assets

Up

$265,713

Up $102,394 (+63%) from 2016

Liabilities

Down

$4,762

Down $764 (-14%) from 2016

Revenue

Up

$447,077

Up $65,055 (+17%) from 2016

Expenses

Up

$344,683

Up $20,237 (+6.2%) from 2016

Net Income

Up

$102,394

Up $44,818 (+78%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $162,619Liabilities 2013: $24,414Net Assets 2013: $138,2052013Assets 2014: $106,756Liabilities 2014: $4,575Net Assets 2014: $102,1812014Assets 2015: $106,792Liabilities 2015: $1,049Net Assets 2015: $105,7432015Assets 2016: $168,845Liabilities 2016: $5,526Net Assets 2016: $163,3192016Assets 2017: $270,475Liabilities 2017: $4,762Net Assets 2017: $265,7132017Assets 2018: $329,783Liabilities 2018: $7,890Net Assets 2018: $321,8932018Assets 2019: $402,050Liabilities 2019: $17,542Net Assets 2019: $384,5082019Assets 2020: $640,195Liabilities 2020: $73,946Net Assets 2020: $566,2492020Assets 2021: $462,929Liabilities 2021: $58,279Net Assets 2021: $404,6502021Assets 2022: $695,184Liabilities 2022: $8,293Net Assets 2022: $686,8912022Assets 2023: $580,131Liabilities 2023: $35,511Net Assets 2023: $544,6202023Assets 2024: $574,103Liabilities 2024: $38,787Net Assets 2024: $535,3162024

Highlighted filing

2017

Assets$270,475
Liabilities$4,762
Net Assets$265,713

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $1,054,8432013Revenue 2014: $873,622Expenses 2014: $909,646Net Income 2014: -$36,0242014Revenue 2015: $890,396Expenses 2015: $886,834Net Income 2015: $3,5622015Revenue 2016: $382,022Expenses 2016: $324,446Net Income 2016: $57,5762016Revenue 2017: $447,077Expenses 2017: $344,683Net Income 2017: $102,3942017Revenue 2018: $411,730Expenses 2018: $355,550Net Income 2018: $56,1802018Revenue 2019: $438,829Expenses 2019: $376,214Net Income 2019: $62,6152019Revenue 2020: $580,789Expenses 2020: $399,048Net Income 2020: $181,7412020Revenue 2021: $203,042Expenses 2021: $364,641Net Income 2021: -$161,5992021Revenue 2022: $710,909Expenses 2022: $428,668Net Income 2022: $282,2412022Revenue 2023: $363,242Expenses 2023: $505,513Net Income 2023: -$142,2712023Revenue 2024: $494,641Expenses 2024: $503,945Net Income 2024: -$9,3042024

Highlighted filing

2017

Revenue$447,077
Expenses$344,683
Net Income$102,394
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Feb 26, 2018
Return Version
2016v3.0
Gross Receipts
$447,077
Mission and Program Overview

Mission

SFCV's mission is to engage audiences, artists, and arts organizations, and forge meaningful connections through music journalism.

Our mission is to grow the love of classical music. SFCV offers fresh insight, perspectives and one-of-a-kind experiences to help todays and tomorrows audience discover, enjoy and support classical music performance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$149,117$188,128▲ $39,011
Accounts Receivable$15,727$78,135▲ $62,408
Prepaid Expenses and Deferred Charges$4,001$4,212▲ $211
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$168,845$270,475▲ $101,630
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$5,526$4,762▼ $764
Total Liabilities$5,526$4,762▼ $764
Net Assets / Fund Balance
Unrestricted Net Assets$109,160$170,713▲ $61,553
Temporarily Rstr Net Assets$54,159$95,000▲ $40,841
Total Net Assets Fund Balance$163,319$265,713▲ $102,394
Total Liabilities and Net Assets / Fund Balance$168,845$270,475▲ $101,630
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Claudia CampazzoManaging DirectorFT$99,135$99,135

Board Members and Trustees

NameTitle
Don RothChairman
Elizabeth FrohlichDirector
Francoise StoneDirector
Gordon GettyDirector
Victoria SilvermanDirector
Warner D NorthDirector
Anne FreemanSecretary
Thomas VargheseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$284,343
Program Service Revenue
$161,359
Investment Income
$0
Other Revenue
$1,375
All Other Contributions
$284,343
Change in Net Assets
$102,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$352,077
Revenue Not Reported on Financial Statements
$95,000
Revenue Not Reported on Form 990
$54,159
Other Revenue Adjustments
$95,000
Total Revenue per Audited Statements
$406,236
Total Revenue per Form 990
$447,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$212,414
Other Expenses$108,246
Total Fundraising Expense$30,822
Grants and Similar Amounts Paid$24,023
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,567$24,784$24,784$99,135
Other Salaries and Wages$97,087--$97,087
Fees for Services Other$57,455--$57,455
Grants to Domestic Orgs$24,023--$24,023
Fees for Services Accounting-$17,385-$17,385
Payroll Taxes$12,184$2,004$2,004$16,192
Insurance-$4,328-$4,328
Advertising--$3,631$3,631
Office Expenses-$1,850-$1,850
All Other Expenses-$1,149$403$1,552
Occupancy-$1,254-$1,254
Other Expenses$11,960$965-$965
Travel-$557-$557
Total Functional Expenses$252,276$61,585$30,822$344,683

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$344,683
Total Expenses per Audited Statements$344,683
Total Expenses per Form 990$344,683
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mercury SoulSan Francisco, CA-classical music$24,023
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
Yes
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 11B: Form 990 Review Process

FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE Director of Finance. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE 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 FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.

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

The board of directors reviews all potential conflicts of interest. Board members are required to disclose potential conflicts and any related party affiliations. The organization 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. The policy requires that all board members annually affirm their understanding of and compliance with the conflict of interest policies.

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. 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.

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

Compensation of other personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits.

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 will be posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for physical inspection at the organization's office in berkeley, california.

Filing and Contact Details

Filer

Filer Name
San Francisco Classical Voice
EIN
26-4305844
Phone
4155826460
Address
2342 Shattuck Avenue 323, Berkeley, CA 94704

Signing Officer

Name
Claudia Campazzo
Title
Managing Director
Signed
2018-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Roth
Formed
2009
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
3
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

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, SFCV is required to report information regarding its exposure to various tax positions taken by the organization 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 SFCV has adequately evaluated its current tax positions and has concluded that as of August 31, 2017, SFCV does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.SFCV 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. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. SFCV may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, SFCV calculates and accrues the applicable taxes payable.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Net assets released from restrictions $54159 Special Events Expenses $0

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Temp Restricted contributions $95000

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IRS990/MissionDesc0Our mission is to grow the love of classical music. SFCV offers fresh insight, perspectives and one-of-a-kind experiences to help todays and tomorrows audience discover, enjoy and support classical music performance.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SFCV covers more than just San Francisco classical music. SFCV also features classical music concerts, news, and reviews from all across the Bay Area including San Jose/Silicon Valley, Marin County, East Bay, and Contra Costa County.
IRS990/ProgSrvcAccomActy3Grp/Desc0In-Kind Revenue and ExpensesDuring the fiscal year ended August 31, 2017, San Francisco Classical Voice was the recipient of a substantial amount of in-kind contributed revenue. San Francisco Classical Voice has an agreement with Google, Inc. whereby the organization receives in-kind grants and ad usage from the Google Adwords program. Accordingly, during the year ended August 31, 2017, San Francisco Classical Voice received in-kind internet advertising from Google, Inc. amounting to $480,466 with a corresponding advertising in-kind expense of $480,466.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, SFCV is required to report information regarding its exposure to various tax positions taken by the organization 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 SFCV has adequately evaluated its current tax positions and has concluded that as of August 31, 2017, SFCV does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.SFCV 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. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. SFCV may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, SFCV calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Net assets released from restrictions $54159 Special Events Expenses $0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Temp Restricted contributions $95000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.04$0.54$0.49$0.50$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.04$0.54$0.36$0.51$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.01$0.69$0.71$0.43$0.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.06$0.40$0.20$0.36$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.07$0.57$0.58$0.40$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.02$0.38$0.44$0.38$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.01$0.32$0.41$0.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.45$0.34$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.38$0.32$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.89$0.89$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.87$0.91$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.02$0.14$1.05