Form 990 for tax year 2023
Filed by SAN FRANCISCO BALLET ENDOWMENT FOUNDATION.
Totals
- Total revenue
- $57,649,644
- Total expenses
- $6,199,725
- Contributions and grants received
- $50,984,813
- Grants paid
- $5,280,468
- Program service revenue
- $0
- Investment income
- $6,663,857
- Other revenue
- $974
- Total assets, end of year
- $158,954,966
- Total liabilities, end of year
- $1,039,453
- Net assets or fund balances, end of year
- $157,915,513
- Program services expenses (Part IX)
- $5,800,137
- Management and general expenses
- $210,136
- Fundraising expenses
- $189,452
- Program service expenses (Part III)
- $5,800,137
Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$50,984,813
-
1g · Noncash contributions included above
$5,024,297
-
3 · Investment income
total $1,579,370 · unrelated business $16,957 · excluded $1,562,413
-
7a · Gross sales of assets other than inventory
securities $19,135,744
-
7b · Less cost or other basis and sales expenses
securities $14,051,257
-
7c · Gain or loss
securities $5,084,487
-
7d · Net gain or loss
total $5,084,487 · excluded $5,084,487
-
11a · Other revenue: TAX REFUND
total $974 · excluded $974
-
11e · Other revenue, total
$974
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,280,468 · program services $5,280,468
-
5 · Compensation of officers, directors and key employees
total $64,270 · management and general $64,270
-
7 · Other salaries and wages
total $184,812 · management and general $73,246 · fundraising $111,566
-
8 · Pension plan contributions
total $6,889 · management and general $4,077 · fundraising $2,812
-
9 · Other employee benefits
total $3,784 · management and general $1,506 · fundraising $2,278
-
10 · Payroll taxes
total $17,493 · management and general $9,522 · fundraising $7,971
-
11b · Fees: legal
total $2,708 · management and general $2,708
-
11c · Fees: accounting
total $11,235 · management and general $11,235
-
11f · Fees: investment management
total $443,969 · program services $443,969
-
11g · Fees: other
total $113,128 · program services $75,700 · management and general $37,428
-
12 · Advertising and promotion
total $42,461 · management and general $15 · fundraising $42,446
-
13 · Office expenses
total $12,222 · fundraising $12,222
-
14 · Information technology
total $5,591 · management and general $5,591
-
17 · Travel
total $14 · fundraising $14
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $10,143 · fundraising $10,143
-
24b · Other expenses: MISCELLANEOUS
total $538 · management and general $538
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $15,731,877 · end of year $20,209,889
-
3 · Pledges and grants receivable
beginning of year $619,540 · end of year $37,594,135
-
11 · Investments: publicly traded securities
beginning of year $35,471,724 · end of year $46,167,233
-
12 · Investments: other securities
beginning of year $56,552,978 · end of year $49,831,141
-
15 · Other assets
beginning of year $3,537,243 · end of year $5,152,568
-
17 · Accounts payable and accrued expenses
beginning of year $45,545 · end of year $24,499
-
25 · Other liabilities
beginning of year $585,057 · end of year $1,014,954
-
27 · Net assets without donor restrictions
beginning of year $32,687,434 · end of year $34,790,884
-
28 · Net assets with donor restrictions
beginning of year $78,595,326 · end of year $123,124,629
Mission and programs · 2023
Mission
THE SAN FRANCISCO BALLET ENDOWMENT FOUNDATION WAS ESTABLISHED IN 1980 AND IN 1981 MADE ITS FIRST DISTRIBUTION TO THE SAN FRANCISCO BALLET ASSOCIATION (THE ASSOCIATION), A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION. (SEE SCHEDULE O) SINCE INCEPTION, STRONG INVESTMENT RETURNS AND CONTRIBUTIONS, PRIMARILY FROM ESTATES AND FROM DONORS, HAVE GROWN SIGNIFICANTLY AND INCREASED THE IMPORTANCE OF THE ENDOWMENT TO THE ASSOCIATION'S REVENUE STREAM. THE FOUNDATION IS INCORPORATED AS A SEPARATE NONPROFIT PUBLIC BENEFIT CORPORATION FOR THE PURPOSE OF HOLDING AND MANAGING ENDOWMENT FUNDS FOR THE BENEFIT OF THE ASSOCIATION. IT SEEKS TO PROVIDE THE ASSOCIATION WITH A RELIABLE SOURCE OF SUPPORT WHILE PROTECTING ITS INVESTMENTS AGAINST INFLATION AND WIDE SWINGS IN THE CAPITAL MARKETS SO THAT THE ASSOCIATION MAY CONTINUE ITS MISSION TO SHARE THE JOY OF DANCE WITH THE WIDEST POSSIBLE AUDIENCE IN THE COMMUNITY AND AROUND THE GLOBE.
Activities or mission (Part I)
HOLDING AND MANAGING FUNDS FOR THE BENEFIT OF THE SAN FRANCISCO BALLET ASSOCIATION.
-
SEE SCHEDULE O
Expenses $5,800,137 · Grants $5,280,468
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nancy KukackaNANCY KUKACKA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Thomas E HornTHOMAS E HORN
TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
John S OsterweisJOHN S OSTERWEIS
PRESIDENT EMERITUS
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Hilary C PierceHILARY C PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Larissa K RoeschLARISSA K ROESCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard C BarkerRICHARD C BARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sally X YuSALLY X YU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan S BriggsSUSAN S BRIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert H Fore IIIROBERT H FORE III
CHIEF FINANCIAL OFFICER
- Total calculated
- $271,484
- From this org
- $52,647
- From related orgs
- $210,589
- Other
- $8,248
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $52,647 + $210,589 related
- Bonus
- $0
- Other
- $0
- Deferred
- $1,463 + $5,851 related
- Nontaxable benefits
- $187 + $747 related
- Filer's total
- $54,297 + $217,187 related
-
Katharine ChambersKATHARINE CHAMBERS
SECRETARY (THRU 07/2023)
- Total calculated
- $18,365
- From this org
- $658
- From related orgs
- $12,493
- Other
- $5,214
- Hours/week
- 2 + 38 related
-
Carmen CreelCARMEN CREEL
SECRETARY (AS OF 08/2023)
- Total calculated
- $113,414
- From this org
- $5,253
- From related orgs
- $99,800
- Other
- $8,361
- Hours/week
- 2 + 38 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3:
- THE FOUNDATION RELIES ON A RELATED ORGANIZATION, SAN FRANCISCO BALLET ASSOCIATION, TO DETERMINE COMPENSATION FOR ITS OFFICERS. THE ASSOCIATION USED A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SAN FRANCISCO BALLET ASSOCIATION
$5,280,468
THE PURPOSE IS TO SUPPORT SAN FRANCISCO BALLET ASSOCIATION GENERAL OPERATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SAN FRANCISCO BALLET ASSOCIATION
501(C)(3) · BALLET · CA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE GIFT ANNUITIES (40)
T · INVESTMENT COMPANY · CA
-
CHARITABLE REMAINDER UNITRUSTS (4)
T · INVESTMENT COMPANY · CA
-
POOLED INCOME FUND (6)
T · INVESTMENT COMPANY · CA
-
POOLED INCOME FUND (1)
T · INVESTMENT COMPANY · IL
-
POOLED INCOME FUND (1)
T · INVESTMENT COMPANY · OR
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521289349300322
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