San Francisco Symphony

“Two members of the board, doris fisher and sakurako fisher, are related by marriage.”

“The organization updated its bylaws during the year to remove a class of voting membership, making the board of governors responsible for all decisions and actions that previously required approval by a majority of voting members.”

“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 governors, officers, employees, and volunteers of the san francisco symphony. The policy is reviewed annually by the audit committee, who shall have final authority to determine what may be a conflict of interest and how to address the conflict. Each governor, committee member, officer and key employee is required to annually complete a disclosure form identifying conflicts of interest. Once identified, conflicts of interest are addressed as established in the symphony's conflict of interest policy. The chief financial officer of the symphony maintains the disclosure forms and insures compliance of the established policy. Generally, a conflicted party may not participate in any discussions or decisions on matters where they may be conflicted. The conflicted party is required to disclose any conflicts or potential conflicts on the matter being considered.”

“The human resources committee (committee) of the board of governors determines the compensation package of the executive director (ed) and the chief financial officer (cfo) of the symphony. The committee will meet annually to review and approve the compensation and benefit packages for the ed 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. The ed and cfo are not present for any deliberations of the committee nor do they have access to the information presented to the committee by the director of human resources.”

“The required organizational documents of the symphony will be available (for inspection or copying) at davies symphony hall during normal business hours at no charge. The public inspection copy of the symphony's form 990 and the audited financial reports, from the previous three years (at a minimum), will be available (for inspection or copying) at davies symphony hall during normal business hours at no charge. When responding to a public inspection request for financial statements or the form 990 by anyone, the symphony shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request. In addition, the symphony's form 990 is available to the public on the internet at guidestar.”

“Change in pension benefit liabilities -10,167,186.”

“The process has not changed from the prior year.”