San Francisco Symphony

“The organization delegated control over management duties to bpm for cfo and hr services. Bpm was compensated $1,362,243 as reported in part vii, section b of the form 990. Of the total paid to bpm, $124,069 was paid to bpm for the cfo services. In february 2023, the cfo became a paid employee of the organization.”

“On behalf of the board of governors, the audit committee shall have the responsibility to review the symphony's form 990 before filing with the internal revenue service. The committee is provided with a complete copy of the filing, including all supporting schedules and attachments. A meeting of the audit committee (either in person or via electronic means) shall be held to review the 990 form with management and/or the preparers. All questions, comments and suggested revisions set forth by the audit committee will be documented along with the responses, if applicable, and the filing updated or revised as necessary.”

“The symphony's conflict of interest policy covers members of the board of governors and the executive leadership team. The policy is reviewed annually by the audit committee. Per the policy, each board member and executive team member complete an annual disclosure form to identify existing or potential conflicts of interest.”

“The human resources committee (committee) of the board of governors approves the compensation package of the chief executive officer (ceo), the music director, and the chief financial officer (cfo). The committee will meet annually to review and approve the compensation and benefit packages for the ceo and cfo. The committee relies on comparability data prepared by the director of human resources for the same or similar positions in comparable orchestras in the united states and similar positions for non-profits in the san francisco bay area. Similarly, the committee provides guidelines for negotiation of collective bargaining agreements, including total cost guidelines developed in consultation with the finance committee.”

“The required organizational documents of the symphony are available (for inspection and copying) at davies symphony hall during normal business hours at no charge. The public disclosure copy of the symphony's form 990 and audited financial reports are available at davies symphony hall during normal business hours for inspection and copying. When responding to a public request for financial statements or the form 990, the symphony will fulfill such a request without inquiring as to the reason for the public inspection request. In addition, the form 990 is available on the symphony's website and through guidestar.”

“Guests artists and conductors: program service expenses 5,835,495. Fundraising expenses 156,010. Total expenses 5,991,505. Consulting: program service expenses 218,386. Management and general expenses 455,757. Total expenses 674,143. Music director: program service expenses 2,227,015. Total expenses 2,227,015. Other services: program service expenses 2,152,996. Management and general expenses 972,109. Fundraising expenses 96,896. Total expenses 3,222,001. Arch. Feasibility study: management and general expenses 1,678,595. Total expenses 1,678,595.”

“Change in pension benefit liabilities 7,705,170.”

“The return is being amended to change the form 990, part vi, section a, line 3 statement”