Civic Intelligence

The Foundation for Sfjazz

990 • Fiscal year 2015 • EIN 45-3268077

Jul 01, 2014 to Jun 30, 2015 • Filed on May 04, 2016

201 Franklin StreetSan Francisco, CA 94102

(415) 283-0341

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.03x

Higher debt load relative to revenue than 8% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

59th percentile

$279,703

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

74th percentile

9.0%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

701%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$47,273,414

Up $3,891,396 (+9.0%) from 2014

Net Assets

Up

$47,148,959

Up $3,827,441 (+8.8%) from 2014

Liabilities

Up

$124,455

Up $63,955 (+106%) from 2014

Revenue

Up

$3,828,783

Up $3,350,635 (+701%) from 2014

Expenses

Down

$24,687

Down $453,243 (-95%) from 2014

Net Income

Up

$3,804,096

Up $3,803,878 (+1744898%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2014: $43,382,018Liabilities 2014: $60,500Net Assets 2014: $43,321,5182014Assets 2015: $47,273,414Liabilities 2015: $124,455Net Assets 2015: $47,148,9592015Assets 2016: $47,929,384Liabilities 2016: $194,477Net Assets 2016: $47,734,9072016Assets 2017: $48,919,138Liabilities 2017: $184,476Net Assets 2017: $48,734,6622017Assets 2018: $49,688,555Liabilities 2018: $244,476Net Assets 2018: $49,444,0792018Assets 2019: $20,565,345Liabilities 2019: $367,419Net Assets 2019: $20,197,9262019Assets 2020: $20,931,779Liabilities 2020: $435,315Net Assets 2020: $20,496,4642020Assets 2021: $24,996,015Liabilities 2021: $367,430Net Assets 2021: $24,628,5852021Assets 2022: $20,794,446Liabilities 2022: $367,584Net Assets 2022: $20,426,8622022Assets 2023: $22,881,526Liabilities 2023: $383,837Net Assets 2023: $22,497,6892023Assets 2024: $25,248,739Liabilities 2024: $732,608Net Assets 2024: $24,516,1312024

Highlighted filing

2015

Assets$47,273,414
Liabilities$124,455
Net Assets$47,148,959

Operations Trend

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

$40M$20M$0-$20M-$40MRevenue 2014: $478,148Expenses 2014: $477,930Net Income 2014: $2182014Revenue 2015: $3,828,783Expenses 2015: $24,687Net Income 2015: $3,804,0962015Revenue 2016: $680,377Expenses 2016: $27,711Net Income 2016: $652,6662016Revenue 2017: $692,777Expenses 2017: $1,000,749Net Income 2017: -$307,9722017Revenue 2018: $720,569Expenses 2018: $874,215Net Income 2018: -$153,6462018Revenue 2019: $573,968Expenses 2019: $30,637,487Net Income 2019: -$30,063,5192019Revenue 2020: $642,490Expenses 2020: $914,015Net Income 2020: -$271,5252020Revenue 2021: $886,896Expenses 2021: $890,305Net Income 2021: -$3,4092021Revenue 2022: $1,060,488Expenses 2022: $859,059Net Income 2022: $201,4292022Revenue 2023: $4,484,866Expenses 2023: $183,181Net Income 2023: $4,301,6852023Revenue 2024: $925,895Expenses 2024: $879,531Net Income 2024: $46,3642024

Highlighted filing

2015

Revenue$3,828,783
Expenses$24,687
Net Income$3,804,096
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 4, 2016
Return Version
2014v6.0
Gross Receipts
$3,835,140
Mission and Program Overview

Mission

The foundation for sfjazz is a ca non-for-profit corporation organized on september 14, 2011. The foundation, whose sole member is san francisco jazz organization, was specifically organized for the exclusive benefit of the organization. The foundation will receive, hold, and invest assets for the benefit of sfjazz, the proceeds of which will be used to provide financial support for both the operations and capital projects of sfjazz organization.

To promote the growth and evolution of jazz music in the san francisco bay area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$29,647,570$29,647,570→ $0
Investments in Publicly Traded Securities$8,812,980$12,315,194▲ $3,502,214
Pledges and Grants Receivable$3,671,899$4,432,941▲ $761,042
Savings and Temporary Cash Investments$880,036$754,626▼ $125,410
Accounts Receivable$74,119$74,119→ $0
Cash and Non-Interest-Bearing Accounts$1,443$1,444▲ $1
Total Assets$43,382,018$47,273,414▲ $3,891,396
Other Assets Total$293,971$47,520▼ $246,451
Liabilities
Other Liabilities$60,500$124,455▲ $63,955
Total Liabilities$60,500$124,455▲ $63,955
Net Assets / Fund Balance
Temporarily Rstr Net Assets$40,785,846$41,710,081▲ $924,235
Permanently Rstr Net Assets$5,926,150$8,890,383▲ $2,964,233
Unrestricted Net Assets$-3,390,478$-3,451,505▼ $61,027
Total Net Assets Fund Balance$43,321,518$47,148,959▲ $3,827,441
Total Liabilities and Net Assets / Fund Balance$43,382,018$47,273,414▲ $3,891,396

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$8,969,058$5,762,475▲ $252,142$417,757$14,565,918
2013$6,291,912$2,000,250▲ $1,009,348$332,452$8,969,058
2012$6,038,007-▲ $568,905$315,000$6,291,912
2011-$5,674,132▲ $363,875-$6,038,007
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alan RobinBoard Member
Brian HollinsBoard Member
Donald W DerheimBoard Member
Michael MauzeBoard Member
Randall KlineBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$3,285,417
Program Service Revenue
$0
Investment Income
$543,366
Other Revenue
$0
Change in Net Assets
$3,804,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$24,687-$24,687
Total Functional Expenses$0$24,687$0$24,687
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payables$124,455
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

Hood & strong forwarded the completed form 990 to the director of finance, who upon review forwarded the form 990 to the board members for their review prior to filing the form 990. Board members were encouraged to review the form 990 and to forward their questions to the director of finance, and either the director of finance or the accounting firm addressed the questions from the board.

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

The conflict of interest policy covers its trustees, executive director, officers and all employees of the foundation for sfjazz. It requires individuals to disclose to the president of the board of trustees and the executive director existence of any financial or competitive interest that may give rise to a conflict of interest. Additionally, the executive director will monitor proposed or ongoing transactions for potential conflict of interest and disclose them to the president of the board of trustees. A person who reports or is disclosed as having a conflict of interest may be required to be disqualified from participating in related discussion or decisions. This policy is discussed each year at a board of trustees meeting, where individuals with potential conflicts are encouraged to disclose any potential conflicts to the executive director and the president of the board of trustees.

Form 990, Part VI, Section B, Line 15

The process of determining compensation includes board discussion in executive session, survey of other arts organization for comparison, and vote and approval by the board.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements, conflicts of interest and governing documents available upon request for the same period of time set forth in sec. 6104(d).

Filing and Contact Details

Filer

Filer Name
The Foundation for Sfjazz
EIN
45-3268077
Phone
4152830341
Address
201 FRANKLIN STREET, SAN FRANCISCO, CA 94102

Signing Officer

Name
Donald W Derheim
Title
Chief Executive Officer
Phone
4152830341
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Derheim
Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Hood & Strong Llp
Address
100 FIRST STREET 14TH FLOOR, SAN FRANCISCO, CA 94105
Preparer
Maga E Kisriev
Phone
4157810793
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Sfjazz organization and the foundation have been classified as a publicly supported, tax-exempt organization under section 501(c)(3) of the internal revenue code, and is exempt from california franchise taxes under revenue and taxation code section 23701d. Sfjazz follows the guidance on accounting for uncertainty in income taxes issued by fasb asc topic 740. As of june 30, 2015, management evaluated sfjazz's tax positions and concluded that sfjazz had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the consolidated financial statements.

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

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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06291912
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0568905
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0315000
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY PAYABLES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SFJAZZ ORGANIZATION AND THE FOUNDATION HAVE BEEN CLASSIFIED AS A PUBLICLY SUPPORTED, TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM CALIFORNIA FRANCHISE TAXES UNDER REVENUE AND TAXATION CODE SECTION 23701D. SFJAZZ FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY FASB ASC TOPIC 740. AS OF JUNE 30, 2015, MANAGEMENT EVALUATED SFJAZZ'S TAX POSITIONS AND CONCLUDED THAT SFJAZZ HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.08610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0124455
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RANDALL KLINE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0279703
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1273232
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SAN FRANCISCO JAZZ ORGANIZATION, THE SUPPORTED ORGANIZATION, USED INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOOD & STRONG FORWARDED THE COMPLETED FORM 990 TO THE DIRECTOR OF FINANCE, WHO UPON REVIEW FORWARDED THE FORM 990 TO THE BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE DIRECTOR OF FINANCE, AND EITHER THE DIRECTOR OF FINANCE OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, EXECUTIVE DIRECTOR, OFFICERS AND ALL EMPLOYEES OF THE FOUNDATION FOR SFJAZZ. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE EXECUTIVE DIRECTOR EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE EXECUTIVE DIRECTOR WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISIONS. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE EXECUTIVE DIRECTOR AND THE PRESIDENT OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS OF DETERMINING COMPENSATION INCLUDES BOARD DISCUSSION IN EXECUTIVE SESSION, SURVEY OF OTHER ARTS ORGANIZATION FOR COMPARISON, AND VOTE AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CONFLICTS OF INTEREST AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE THE GROWTH AND EVOLUTION OF JAZZ MUSIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0201 FRANKLIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN FRANCISCO
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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