San Francisco Ballet Endowment Foundation
- Assets
- $116.2m
- Revenue
- $3.7m
- Investments
- $64.2m
- Employees
- 3
- Location
- San Francisco, CA
- Founding
- 07/1981
- Data as of
- 06/2020
- EIN
- 94-2747262
Organization Overview
San Francisco Ballet Endowment Foundation is located in San Francisco, CA. The organization was established in 1981. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2020, San Francisco Ballet Endowment Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, San Francisco Ballet Endowment Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $5.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SAN FRANCISCO BALLET ENDOWMENT FOUNDATION WAS ESTABLISHED IN 1980 AS A SEPARATE NONPROFIT PUBLIC BENEFIT CORPORATION FOR THE PURPOSE OF HOLDING AND MANAGING ENDOWMENT FUNDS FOR THE BENEFIT OF THE SAN FRANCISCO BALLET ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SAN FRANCISCO BALLET ENDOWMENT FOUNDATION (THE FOUNDATION) IS RESPONSIBLE FOR MANAGEMENT AND OVERSIGHT-HOLDING OF ENDOWMENT FUNDS FOR THE BENEFIT OF SAN FRANCISCO BALLET ASSOCIATION. THE BALLET HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO A MAXIMUM OF 5% OF ITS ENDOWMENT FUNDS' AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS YEARS AS OF JUNE 30, PRECEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. TYPICALLY, THE DISTRIBUTION SUPPORTS NEW SAN FRANCISCO BALLET WORKS AND PRODUCTIONS, THE BALLET'S ORCHESTRA AND MUSIC, ARTISTIC INNOVATION, TOURING, DANCE EDUCATION, SCHOLARSHIPS, AND THE SAN FRANCISCO BALLET SCHOOL. DEPENDING UPON MARKET CONDITIONS AND THE NEEDS AND AVAILABLE RESOURCES OF THE ASSOCIATION, APPROPRIATIONS FOR EXPENDITURE FROM INDIVIDUAL ENDOWMENTS MAY BE TEMPORARILY SUSPENDED TO FACILITATE PRESERVATION OF THE ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Marver President (until June 2020) | OfficerTrustee | 5 | $0 |
J Stuart Francis Vice President | OfficerTrustee | 5 | $0 |
Nancy Kukacka Director; President (starting June 2020) | OfficerTrustee | 2 | $0 |
Thomas E Horn Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth Lani Assistant Secretary | Officer | 28 | $0 |
Robert H Fore III Chief Financial Officer (starting June 2020) | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,569 |
| Noncash contributions included in lines 1a–1f | $200,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,569 |
| Total Program Service Revenue | $0 |
| Investment income | $3,069,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $129,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,698,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,794,072 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,272 |
| Compensation of current officers, directors, key employees. | $44,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,975 |
| Pension plan accruals and contributions | $5,620 |
| Other employee benefits | $3,377 |
| Payroll taxes | $16,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $493 |
| Fees for services: Accounting | $34,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $519,096 |
| Fees for services: Other | $21,720 |
| Advertising and promotion | $19,114 |
| Office expenses | $4,952 |
| Information technology | $7,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,664,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,575,109 |
| Pledges and grants receivable | $16,692 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,110,288 |
| Investments—other securities | $64,232,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,257,411 |
| Total assets | $116,192,033 |
| Accounts payable and accrued expenses | $23,024 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,007,066 |
| Total liabilities | $2,030,090 |
| Net assets without donor restrictions | $34,629,243 |
| Net assets with donor restrictions | $79,532,700 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $116,192,033 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that San Francisco Ballet Endowment Foundation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $124,452,193 |
| Earnings | $457,454 |
| Admin Expense | $2,144,936 |
| Net Contributions | $499,569 |
| Other Expense | $9,340,468 |
| Ending Balance | $113,923,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Ballet Endowment Foundation San Francisco, CA | $116,192,033 | $3,698,531 |
Theatre Bay Area San Francisco, CA | $695,333 | $1,008,490 |
Persian Watson Management Inc Farmersville, CA | $202,032 | $119,324 |
Circuit Network San Francisco, CA | $70,411 | $215,197 |
Windows Of Heaven Inc Yorba Linda, CA | $98,705 | $0 |
Seenfire Foundation San Marino, CA | $63 | $0 |