San Francisco Ballet Association

“Trustees James Marver and Stephanie Marver have a family relationship.”

“Any natural person shall be eligible to be a member of the Association (a "Member") but no legal person which is not a natural person, such as a foundation, trust, corporation or partnership, shall be eligible to be a Member. A natural person may become a Member by making a minimum contribution to the Association, the amount of such minimum contribution to be determined from time to time by resolution of the Board. In the case of a contribution in property, the determination of the Board or a Committee of the Board, Subcommittee, Advisory Committee or other person to whom this responsibility is delegated by the Board, as to the value of the property for membership purposes shall be conclusive. The Board may in its discretion waive the minimum contribution in the case of a person who has made intangible contributions to the Association in the past. The term of each Member as a Member shall commence when the person makes the requisite contribution to the Association (or the contribution is waived) and shall continue for a period of 12 months thereafter, at the expiration of which period it shall expire.”

“Trustees of the Association are elected by the Members for a term of three years.”

“Members shall have, in addition to any other rights which may be granted to them under these By Laws or by law, the right to vote (1) for the election of Trustees, (2) on a disposition of all or substantially all of the Association's assets, (3) on a merger of the Association with another corporation, (4) on a dissolution of the Association, (5) on an amendment of the Articles of Incorporation, and (6) on an amendment of these By Laws (unless the By Law amendment is approved by the Board alone in accordance with the terms of the By Laws).”

“The Association provided a complete copy of this Form 990 to all members of its governing body with a redaction of donor names and addresses from Form 990, Schedule B, at the request of the donor. The Form 990 was reviewed and approved at a meeting of the Audit Committee. Subsequent to that review, the Form 990 was posted on the Association's Trustee intranet website and Trustees were notified in writing of the availability of the Form 990 for their review.”

“Questionnaires are issued annually to employees, Trustees and others who have an annual reporting requirement under the policy. Responses are monitored and outstanding forms are followed up on until received. Upon receipt, the form is reviewed by the HR Manager (for employees) and the Board Relationships Manager (for Trustees) for any known issues or relationships that need to be highlighted. Forms are further reviewed by the CFO. Matters requiring attention are reported to the Executive Director who may further report the matter to the Board Chair. Persons with a conflict are recused from discussions and do not vote on resolutions that pertain directly to their conflict.”

“The Association's process for determining the compensation of the Artistic Director, the Executive Director, and the CFO involved analysis of the compensation by the Assessment Committee. The Artistic Director and Executive Director have written employment contracts, the terms of which are approved by the Assessment Committee.”

“Due to the age of the Organization, Form 1023 is currently unavailable for the general public and the Organization is exempt from the requirement to provide Form 1023, as it was filed prior to the July 15, 1987 requirement date. The Organization currently makes its audited financial statements for the most recent six years available to the public via its website. Form 990, governing documents and conflict of interest policy is also available upon request.”

“Following an assessment of the Association's education programs and staffing, in April 2015 the Center for Dance Education (CDE) and the San Francisco Ballet School were merged into a single department of Education and Training. Moving forward, the CDE nomenclature will be dropped in favor of referencing the Association's educational offerings as just that-Education Programs. Additionally, Dance in School and Communities (DISC) is being used more broadly to encompass the hallmark residency program in the San Francisco Unified School District public schools as well as partnerships with community-based organizations such as the Boys & Girls Clubs of San Francisco and the like.”

“Other changes in Net Assets consist of reversals of prior year grants of ($278,739), unrealized loss on interest rate swap of ($589,071), ($15,858) change in post-retirement benefit obligation and $2,737 change in discount.”