Civic Intelligence

San Francisco Performances Inc.

990 • Fiscal year 2017 • EIN 94-2600147

Aug 01, 2016 to Jul 31, 2017 • Filed on May 10, 2018

500 Sutter StreetSan Francisco, CA 94102

(415) 398-6449

Siviq Scores

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

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.14x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

29th percentile

-2.4%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$150,000

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

44th percentile

2.3%

Faster asset growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

9.1%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,312,065

Up $163,110 (+2.3%) from 2016

Net Assets

Up

$6,858,658

Up $318,825 (+4.9%) from 2016

Liabilities

Down

$453,407

Down $155,715 (-26%) from 2016

Revenue

Up

$3,158,246

Up $264,034 (+9.1%) from 2016

Expenses

Up

$3,233,850

Up $99,046 (+3.2%) from 2016

Net Income

Up

-$75,604

Up $164,988 (+69%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $5,761,646Liabilities 2011: $464,452Net Assets 2011: $5,297,1942011Assets 2012: $5,626,142Liabilities 2012: $519,376Net Assets 2012: $5,106,7662012Assets 2013: $5,978,149Liabilities 2013: $609,945Net Assets 2013: $5,368,2042013Assets 2014: $6,588,378Liabilities 2014: $503,894Net Assets 2014: $6,084,4842014Assets 2015: $7,173,451Liabilities 2015: $512,486Net Assets 2015: $6,660,9652015Assets 2016: $7,148,955Liabilities 2016: $609,122Net Assets 2016: $6,539,8332016Assets 2017: $7,312,065Liabilities 2017: $453,407Net Assets 2017: $6,858,6582017Assets 2018: $7,392,049Liabilities 2018: $430,450Net Assets 2018: $6,961,5992018Assets 2019: $7,583,344Liabilities 2019: $1,266,490Net Assets 2019: $6,316,8542019Assets 2020: $7,438,181Liabilities 2020: $1,163,582Net Assets 2020: $6,274,5992020Assets 2021: $8,111,017Liabilities 2021: $1,021,448Net Assets 2021: $7,089,5692021Assets 2022: $7,040,129Liabilities 2022: $961,050Net Assets 2022: $6,079,0792022Assets 2023: $7,554,520Liabilities 2023: $1,237,163Net Assets 2023: $6,317,3572023Assets 2024: $7,651,369Liabilities 2024: $1,548,146Net Assets 2024: $6,103,2232024

Highlighted filing

2017

Assets$7,312,065
Liabilities$453,407
Net Assets$6,858,658

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,937,884Expenses 2011: $2,941,096Net Income 2011: -$3,2122011Revenue 2012: $2,724,230Expenses 2012: $2,840,677Net Income 2012: -$116,4472012Revenue 2013: $2,658,511Expenses 2013: $2,972,272Net Income 2013: -$313,7612013Revenue 2014: $2,747,768Expenses 2014: $2,414,732Net Income 2014: $333,0362014Revenue 2015: $3,184,616Expenses 2015: $2,888,625Net Income 2015: $295,9912015Revenue 2016: $2,894,212Expenses 2016: $3,134,804Net Income 2016: -$240,5922016Revenue 2017: $3,158,246Expenses 2017: $3,233,850Net Income 2017: -$75,6042017Revenue 2018: $3,003,203Expenses 2018: $3,049,454Net Income 2018: -$46,2512018Revenue 2019: $2,284,657Expenses 2019: $2,954,108Net Income 2019: -$669,4512019Revenue 2020: $2,420,028Expenses 2020: $2,548,057Net Income 2020: -$128,0292020Revenue 2021: $1,717,487Expenses 2021: $1,872,724Net Income 2021: -$155,2372021Revenue 2022: $2,465,452Expenses 2022: $2,760,283Net Income 2022: -$294,8312022Revenue 2023: $2,369,447Expenses 2023: $2,427,180Net Income 2023: -$57,7332023Revenue 2024: $1,469,495Expenses 2024: $2,415,860Net Income 2024: -$946,3652024

Highlighted filing

2017

Revenue$3,158,246
Expenses$3,233,850
Net Income-$75,604
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$3,336,667
Mission and Program Overview

Mission

SFP presents internationally acclaimed and emerging performing artists, introduces innovative programs, and builds new and diversified audiences for the arts through education and outreach activities.

Founded as a California nonprofit corporation in 1979, San Francisco Performances, Inc. (S.F. Performances) is the Bay Area's leading independent presenter of chamber music, vocal and instrumental recitals, jazz and contemporary dance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,062,163$6,296,788▲ $234,625
Savings and Temporary Cash Investments$335,868$335,971▲ $103
Pledges and Grants Receivable$93,901$272,341▲ $178,440
Prepaid Expenses and Deferred Charges$227,680$218,713▼ $8,967
Cash and Non-Interest-Bearing Accounts$407,182$162,099▼ $245,083
Land, Buildings, and Equipment, Net$13,330$17,322▲ $3,992
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,148,955$7,312,065▲ $163,110
Other Assets Total$8,831$8,831→ $0
Liabilities
Deferred Revenue$495,224$357,200▼ $138,024
Accounts Payable and Accrued Expenses$113,898$96,207▼ $17,691
Total Liabilities$609,122$453,407▼ $155,715
Net Assets / Fund Balance
Permanently Rstr Net Assets$5,037,408$5,182,711▲ $145,303
Unrestricted Net Assets$928,148$1,069,202▲ $141,054
Temporarily Rstr Net Assets$574,277$606,745▲ $32,468
Total Net Assets Fund Balance$6,539,833$6,858,658▲ $318,825
Total Liabilities and Net Assets / Fund Balance$7,148,955$7,312,065▲ $163,110

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,574$144,383$154,957
Equipment$6,748$10,780$17,528
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melanie SmithPresidentFT$150,000$150,000
Christian A JessenFinance DirectorFT$111,000$111,000
Michele CasauDevelopment DirectorFT$105,000$105,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,996,877
Program Service Revenue
$902,298
Investment Income
$134,176
Other Revenue
$124,895
All Other Contributions
$1,844,377
Change in Net Assets
$-75,604

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,839,720
Revenue Not Reported on Financial Statements
$318,526
Revenue Not Reported on Form 990
$424,730
Other Revenue Adjustments
$318,526
Total Revenue per Audited Statements
$3,264,450
Total Revenue per Form 990
$3,158,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,102,593
Salaries, Compensation, and Employee Benefits$1,131,257
Total Fundraising Expense$424,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,446$51,050$248,254$672,750
All Other Expenses$297,900$9,826$47,334$355,060
Current Officers, Directors, Trustees, and Key Employees$105,000$141,000$15,000$261,000
Occupancy$61,185$24,499$33,636$119,320
Other Expenses$118,159--$118,159
Other Employee Benefits$55,405$22,186$30,459$108,050
Payroll Taxes$42,347$16,957$23,280$82,584
Office Expenses$16,299$6,526$8,960$31,785
Information Technology$11,442$4,582$6,290$22,314
Travel$9,784$3,918$5,379$19,081
Fees for Services Accounting-$18,080-$18,080
Insurance$3,430$3,469$1,886$8,785
Depreciation Depletion-$8,483-$8,483
Fees for Services Other$3,843$1,543$2,114$7,500
Pension Plan Contributions$3,522$1,414$1,937$6,873
Total Functional Expenses$2,495,788$313,533$424,529$3,233,850

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,412,271
Expenses per Audited Statements$3,233,850
Total Expenses per Form 990$3,233,850
Expenses Not Reported on Form 990$178,421
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$296,098
Fundraising Direct Expenses$178,421
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Benefit$296,098$296,098$52,825$243,273
Total Events$296,098$296,098$178,421$117,677
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
No
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 1A: Explanation of Delegated Broad Authority to Committee

In accordance with common practice in the nonprofit community, the Board delegates certain matters to The Executive Committee, which is empowered to act between board meetings if necessary, and sometimes with specifically delegated authority to act in particular areas on behalf of the full board. The composition of executive committee includes the officers of the board and committee chairs.

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, at least one member of the board of trustees, and the executive director. 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

Members of the board of trustees review all potential conflicts of interest at least annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. 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.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of trustees 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. All decisions are then documented in personnel files.

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 ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE the documents are AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA.

Filing and Contact Details

Filer

Filer Name
San Francisco Performances Inc
EIN
94-2600147
Phone
4153986449
Address
500 Sutter Street, San Francisco, CA 94102

Signing Officer

Name
Christian A Jessen
Title
Chief Finance/Admin
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick R McCabe
Formed
1979
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
20
Employees
15
Volunteers
25

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Property and Equipment----------------------Property and equipment consist of the following at July 31: 2014 2013 ---------- ----------Office Equipment and furniture $ 185,946 183,597Capitalized software 153,908 148,908Less accumulated depreciation (323,109) (317,900) ---------- ----------Total property and equipment and improvements (net) $ 16,745 14,605 ========== ==========Total depreciation expense for the years ended July 31, 2014 and 2013 amounted to $5,209 and $2,850, respectively, and is reported on the statement of functional expenses.Investments-----------Investments consist of the following at July 31: 2014 2013 ---------- ----------Money market $ 110,574 81,110Mutual funds and exchange traded funds 5,251,771 4,948,991Artwork 43,000 44,700 ---------- ----------Total investments $5,405,345 5,074,801 ========== ==========Estimated earnings yields (excluding unrealized gains) for investments for the year ended July 31, 2014 were: 0.01% for money market funds, 2.46% for mutual funds, and 3.44% for fixed income bonds. During the years ended July 31, 2014 and 2013, earnings on investments were generally reinvested. Investments are recorded at cost when purchased. Investments received by gift are recorded at market value at the date of contribution. Cash and cash equivalents include funds held in highly liquid investments with maturity dates of three months or less. The change in unrealized gains amounted to $369,026 and $476,762 for the years ended July 31, 2014 and 2013, respectively.

Form 990, Part IX, Line 24E: Other Expenses

Annual Fundraising Expenses: Column (A) - Total = $22274; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $22274

Form 990, Part IX, Line 24E: Other Expenses

Box Office/Tickets: Column (A) - Total = $58027; Column (B) - Program Services = $58027; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Database Installation/Maint: Column (A) - Total = $27751; Column (B) - Program Services = $14230; Column (C) - Management & General = $5698; Column (D) - Fundraising = $7823

Form 990, Part IX, Line 24E: Other Expenses

Dues/Subscriptions: Column (A) - Total = $2084; Column (B) - Program Services = $0; Column (C) - Management & General = $2084; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Member Events: Column (A) - Total = $14431; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $14431

Form 990, Part IX, Line 24E: Other Expenses

Newsletter/Annual Report: Column (A) - Total = $7183; Column (B) - Program Services = $7183; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Piano/Equipment Rent: Column (A) - Total = $59545; Column (B) - Program Services = $59545; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $9954; Column (B) - Program Services = $5104; Column (C) - Management & General = $2044; Column (D) - Fundraising = $2806

Form 990, Part IX, Line 24E: Other Expenses

PR Consultants/Expenses: Column (A) - Total = $850; Column (B) - Program Services = $850; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Research: Column (A) - Total = $79285; Column (B) - Program Services = $79285; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Telemarketing: Column (A) - Total = $14070; Column (B) - Program Services = $14070; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Theater & Production Programs: Column (A) - Total = $41401; Column (B) - Program Services = $41401; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Website/Online Marketing: Column (A) - Total = $18205; Column (B) - Program Services = $18205; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Increases

Advertising Revenue on Form 990-T = $2000

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in present value of long-term receivables = -$3058

Other Changes In Net Assets Or Fund Balances - Other Decreases

Form 990-T Advertising Expenses = -$0

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

S.F. Performances established an ongoing Endowment Campaign (as a component of its permanently restricted net assets) for the purpose of attracting donations for one of its four funds: (1) The Arts Education Fund supporting programs in the schools and community, (2) The Presentations Fund supporting memorable performances by the world's greatest artists, (3) The Future of the Arts Fund supporting the development and presentation of new work and (4) The Discretionary Fund providing a pool of unrestricted income for the organization.

Part X : FIN48 Footnote

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

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

Endowment income appropriated $247367 Benefit Expenses $178421 Advertising Income Form 990-T $2000 Change in present value of long-term rec $-3058

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

Investment interest and dividends $134176 Non-recurring bequests $184350

Part XII, Line 2D: Other expenses and losses per audited F/S

Benefit Expenses $178421 Form 990-T Advertising Expenses $0

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IRS990/Desc0mainstage performances and education programs---------------------------------------------San Francisco Performances has grown from a first season in 198081 of seven performances to its current season of over 200 memorable performances and programs by some of the world's most exceptional artists.San Francisco Performances has led the way in presenting todays great artists in solo recitals, most often in the intimate acoustics of Herbst Theatre, giving audiences the up-close and personal experience for which we are well known.Artists whom San Francisco Performances has introduced in San Francisco recital
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.65$1.55$6.10$1.47$2.42$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.55$1.24$6.32$2.37$2.43$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.04$0.96$6.08$2.47$2.76$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$1.02$7.09$1.72$1.87$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.44$1.16$6.27$2.42$2.55$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.58$1.27$6.32$2.28$2.95$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.39$0.43$6.96$3.00$3.05$0.05
2017Detailed filing. Detailed filing data is available for this year.$7.31$0.45$6.86$3.16$3.23$0.08
2016Detailed filing. Detailed filing data is available for this year.$7.15$0.61$6.54$2.89$3.13$0.24
2015Detailed filing. Detailed filing data is available for this year.$7.17$0.51$6.66$3.18$2.89$0.30
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$0.50$6.08$2.75$2.41$0.33
2013Summary only. Only limited summary data is available for this year.$5.98$0.61$5.37$2.66$2.97$0.31
2012Summary only. Only limited summary data is available for this year.$5.63$0.52$5.11$2.72$2.84$0.12
2011Summary only. Only limited summary data is available for this year.$5.76$0.46$5.30$2.94$2.94$0.00