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Nonprofiteer
← SAN FRANCISCO BALLET ENDOWMENT FOUNDATION

Form 990 for tax year 2022

Filed by SAN FRANCISCO BALLET ENDOWMENT FOUNDATION.

Totals

Total revenue
$8,228,961
Total expenses
$11,773,497
Contributions and grants received
$475,558
Grants paid
$10,813,438
Program service revenue
$0
Investment income
$7,753,403
Other revenue
$0
Total assets, end of year
$111,913,362
Total liabilities, end of year
$630,602
Net assets or fund balances, end of year
$111,282,760
Program services expenses (Part IX)
$11,262,213
Management and general expenses
$218,798
Fundraising expenses
$292,486
Program service expenses (Part III)
$11,262,213

Program services were 95.7% 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

    $475,558

  • 3 · Investment income

    total $6,026,989 · unrelated business $15,966 · excluded $6,011,023

  • 7a · Gross sales of assets other than inventory

    securities $44,058,039

  • 7b · Less cost or other basis and sales expenses

    securities $42,331,625

  • 7c · Gain or loss

    securities $1,726,414

  • 7d · Net gain or loss

    total $1,726,414 · excluded $1,726,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,813,438 · program services $10,813,438

  • 5 · Compensation of officers, directors and key employees

    total $194,517 · management and general $52,394 · fundraising $142,123

  • 7 · Other salaries and wages

    total $132,986 · management and general $81,956 · fundraising $51,030

  • 8 · Pension plan contributions

    total $6,449 · management and general $4,001 · fundraising $2,448

  • 9 · Other employee benefits

    total $7,714 · management and general $3,399 · fundraising $4,315

  • 10 · Payroll taxes

    total $19,783 · management and general $8,999 · fundraising $10,784

  • 11b · Fees: legal

    total $601 · fundraising $601

  • 11c · Fees: accounting

    total $37,397 · management and general $37,397

  • 11f · Fees: investment management

    total $374,825 · program services $374,825

  • 11g · Fees: other

    total $88,520 · program services $73,950 · management and general $14,570

  • 12 · Advertising and promotion

    total $47,884 · management and general $54 · fundraising $47,830

  • 13 · Office expenses

    total $5,304 · fundraising $5,304

  • 14 · Information technology

    total $7,318 · management and general $7,318

  • 19 · Conferences, conventions and meetings

    total $22,780 · fundraising $22,780

  • 23 · Insurance

    total $149 · fundraising $149

  • 24a · Other expenses: UBI TAXES

    total $6,597 · management and general $6,597

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,122 · fundraising $5,122

  • 24c · Other expenses: MISCELLANEOUS

    total $2,113 · management and general $2,113

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,525,998 · end of year $15,731,877

  • 3 · Pledges and grants receivable

    beginning of year $829,186 · end of year $619,540

  • 11 · Investments: publicly traded securities

    beginning of year $34,207,612 · end of year $35,471,724

  • 12 · Investments: other securities

    beginning of year $59,043,944 · end of year $56,552,978

  • 15 · Other assets

    beginning of year $1,997,352 · end of year $3,537,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,890 · end of year $45,545

  • 25 · Other liabilities

    beginning of year $3,630,955 · end of year $585,057

  • 27 · Net assets without donor restrictions

    beginning of year $28,970,568 · end of year $32,687,434

  • 28 · Net assets with donor restrictions

    beginning of year $82,952,679 · end of year $78,595,326

Mission and programs · 2022

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 $11,262,213 · Grants $10,813,438

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert H Fore III

    CHIEF FINANCIAL OFFICER

    Total calculated
    $306,898
    From this org
    $59,688
    From related orgs
    $238,751
    Other
    $8,459
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $59,688 + $238,751 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,494 + $5,976 related
    Nontaxable benefits
    $198 + $791 related
    Filer's total
    $61,380 + $245,518 related

  • Katharine Chambers

    SECRETARY

    Total calculated
    $68,776
    From this org
    $2,969
    From related orgs
    $56,416
    Other
    $9,391
    Hours/week
    2 + 38 related

  • Nancy Kukacka

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Thomas E Horn

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • John S Osterweis

    PRESIDENT EMERITUS

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Hilary C Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larissa K Roesch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard C Barker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sally X Yu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan S Briggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

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.

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349301715

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