2026-05-26T12:12:41-05:00 2025-06-30 680037990 GILBERT CPAS 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2024-07-01 946140932 SACRAMENTO PHILHARMONIC & OPERA FOUNDATION SACR 9165947333 1110 2ND STREET SACRAMENTO CA 95814 GIULIANO KORNBERG CEO 9165947333 2026-05-26 1 1 AMANDA H WILLIAMS P01281212 9166466464 2026-05-26 2024 2025-03-06 01:10:19Z X GIULIANO KORNBERG 1110 2ND STREET SACRAMENTO CA 95814 3303838 0 X WWW.SACPHILOPERA.ORG X 1967 CA AN ENDOWMENT FUND IN SUPPORT OF THE SACRAMENTO REGION AND PERFORMING ARTS ALLIANCE. 9 9 0 10 0 0 0 2500 0 0 0 214351 0 0 0 216851 0 188000 0 0 0 0 0 0 1185 0 40326 0 228326 0 -11475 3337103 3729994 100 0 3337003 3729994 AN ENDOWMENT FUND IN SUPPORT OF THE SACRAMENTO REGION AND PERFORMING ARTS ALLIANCE. 0 0 221166 188000 THE SACRAMENTO PHILHARMONIC & OPERA FOUNDATION EXISTS TO BUILD, MANAGE, AND PROTECT AN ENDOWMENT TO BE USED EXCLUSIVELY TO PROVIDE OPERATING FUNDS AND SUPPORT TO SACRAMENTO REGION PERFORMING ARTS ALLIANCE, A RELATED NOT-FOR-PROFIT PUBLIC BENEFIT ORGANIZATION. TO THAT END, $188,000 IN GRANTS WERE GIVEN TO THE ALLIANCE TO FURTHER THEIR ACTIVITIES FOR FY25. 221166 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X THE ORGANIZATION 9165947333 1110 2ND STREET SACRAMENTO CA 95814 SHEREE MEYER PRESIDENT 1.00 0.00 X 0 0 0 SUE MILLER SECRETARY 1.00 0.00 X 0 0 0 JENNIFER HARRIS TREASURER 1.00 0.00 X 0 0 0 DAVID MOTES DIRECTOR 1.00 0.00 X 0 0 0 THOMAS MOORE DIRECTOR 1.00 0.00 X 0 0 0 RUSSELL GODT DIRECTOR 1.00 0.00 X 0 0 0 LAURIE NELSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN SHIREY DIRECTOR 1.00 0.00 X 0 0 0 DICK OSEN DIRECTOR 1.00 0.00 X 0 0 0 GIULIANO KORNBERG CEO 1.00 40.00 X 0 147310 4362 0 147310 4362 0 0 1 0 0 2500 2500 53156 53156 3248182 3086987 161195 161195 161195 216851 0 0 214351 188000 188000 5611 5611 29055 29055 1341 1221 107 13 ENDOWMENT SERVICES 2972 1664 149 1159 TAXES AND FEES 1347 1226 108 13 228326 221166 5975 1185 12776 202110 2500 3265327 3525384 59000 0 3337103 3729994 100 100 0 X 380937 739668 2956066 2990326 3337003 3729994 3337103 3729994 -11475 404466 0 X X 0 1 X 1 0 X X 1 SACRAMENTO REGION PERFORMING ARTS ALLIANCE 911841406 10 1 188000 0 1 188000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2766686 2766686 1888486 878200 2766686 1083550 804936 1888486 865950 217600 1083550 507713 358237 865950 0.00000 1.00000 0.00000 0 0 0 MORGAN STANLEY INVESTMENTS 3525384 F 3525384 PART V, LINE 4: SACRAMENTO PHILHARMONIC & OPERA FOUNDATION MAINTAINS THE ENDOWMENT FUND FOR SACRAMENTO REGION PERFORMING ARTS ALLIANCE A RELATED ORGANIZATION LISTED ON SCHEDULE R. 1 SACRAMENTO REGION PERFORMING ARTS ALLIANCE 1110 2ND STREET SACRAMENTO CA 95814 911841406 501(C)(3) 188000 0 SEASONAL PROGRAMMING EXPENSES 1 PART I, LINE 2: IN ORDER TO SECURE ITS ANNUAL GRANT, THE ALLIANCE PUTS FORTH A MEMO DESCRIBING ITS RECENT ACCOMPLISHMENTS AND UPCOMING ACTIVITIES, INCLUDING THE UPCOMING SEASONAL PROGRAMMING. ONCE THIS MEMO IS REVIEWED BY THE GOVERNING BOARD, THE GRANT IS APPROVED. CONSOLIDATED FINANCIALS FOR THIS ORGANIZATION AND THE ALLIANCE ARE DISTRIBUTED MONTHLY, AND BOTH ORGANIZATIONS ARE AUDITED ANNUALLY TOGETHER. 0 0 0 0 0 0 0 0 0 GIULIANO KORNBERG CEO 0 145410 0 0 0 1900 0 4362 0 0 0 151672 0 0 SCHEDULE J LINE 3 EXPLANATION SACRAMENTO REGION PERFORMING ARTS ALLIANCE (SRPAA) COMPENSATION PROCESS INCLUDES REVIEW AND APPROVAL BY THE GOVERNING BODY DURING APPROVAL OF THE FISCAL YEAR BUDGET, COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. BUDGET APPROVAL DONE ANNUALLY. FORM 990, PART 1 ITEM B AMENDED RETURN BOX WAS CHECKED ONLY DUE TO SOFTWARE LIMITATIONS WITH SOFTWARE PROVIDER. THE SPOF CHANGED CLASSIFICATION FROM A PRIVATE FOUNDATION TO A PUBLIC CHARITY WITH THE IRS THIS FISCAL YEAR. DUE TO THIS CHANGE, FOR THE YEAR ENDING JUNE 30, 2025, THE ORGANIZATION FILED BOTH A FORM 990PF TO OBTAIN A REFUND ON TAXES PAID AND ALSO A FORM 990 DUE TO THE CLASSIFICATION CHANGE. THE TAX SOFTWARE PROVIDER WOULD ONLY ALLOW ONE RETURN UNDER THE FEIN# TO BE FILED, SO THE FORM 990 IS CHECKED WITH THE AMENDED BOX, ALTHOUGH THIS IS THE ORIGINAL FORM 990 FILED FOR THE ORGANIZATION DUE TO THE SOFTWARE PROVIDER INSTRUCTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN THE ASSOCIATION'S CONFLICT OF INTEREST POLICY, AN "INTERESTED PERSON" IS DEFINED AS ANY PERSON WHO AT ANY TIME DURING THE FIVE YEAR PERIOD IMMEDIATELY PRECEDING THE TRANSACTION IN QUESTION WAS A VOTING DIRECTOR, AN OFFICER, OR OTHER PERSON IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ASSOCIATION. OTHER PERSONS WHO ARE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ASSOCIATION INCLUDE, BUT ARE NOT LIMITED TO, THOSE PERSONS WHO HAVE THE ULTIMATE RESPONSIBILITY FOR IMPLEMENTING THE DECISIONS OF THE BOARD OF DIRECTORS ("BOARD"), OR SUPERVISING THE MANAGEMENT, ADMINISTRATION, OR OPERATION OF THE ASSOCIATION. EACH INTERESTED PERSON IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT FORM ANNUALLY. IN ADDITION, AN INTERESTED PERSON WHO BECOMES AWARE OF AN ACTUAL OR PROPOSED TRANSACTION OR ARRANGEMENT IN WHICH HE OR SHE HAS A FINANCIAL INTEREST MUST IMMEDIATELY DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTERESTS AND ALL RELATED MATERIAL FACTS TO THE BOARD. IF AN INTERESTED PERSON DISCOVERS A FINANCIAL INTEREST IN A TRANSACTION OR ARRANGEMENT THAT THE ASSOCIATION HAS ALREADY ENTERED INTO, THE INTERESTED PERSON MUST IMMEDIATELY DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST AND ALL RELATED MATERIAL FACTS TO THE BOARD. AFTER THE FINANCIAL INTEREST HAS BEEN DISCLOSED TO THE BOARD AND DISCUSSED AS NECESSARY WITH THE INTERESTED PERSON, THE BOARD SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR MAY EXIST. THE INTERESTED PERSON SHALL LEAVE THE BOARD MEETING WHILE THE CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND APPROVAL BY THE EXECUTIVE DIRECTOR AND/OR THE BOARD PRESIDENT. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY OVER THE FINANCIAL STATEMENT AUDIT AND THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RECLASSIFICATION FROM PRIVATE FOUNDATION STATUS EXPLANATION THE ORGANIZATION PREVIOUSLY NOTIFIED THE INTERNAL REVENUE SERVICE (IRS) OF ITS INTENT TO TERMINATE ITS PRIVATE FOUNDATION STATUS PURSUANT TO IRC SECTION 507(B)(1)(B) AND TO OPERATE AS A PUBLIC CHARITY MEETING THE REQUIREMENTS OF IRC SECTION 509(A). UNDER THE SECTION 507(B)(1)(B) TERMINATION PROCESS, A PRIVATE FOUNDATION TERMINATES ITS PRIVATE FOUNDATION STATUS BY MEETING THE REQUIREMENTS OF SECTION 509(A)(1), 509(A)(2), OR 509(A)(3) FOR A CONTINUOUS 60-MONTH PERIOD, AFTER PROVIDING THE REQUIRED NOTICE AND LATER ESTABLISHING COMPLIANCE. BASED ON THE IRS DETERMINATION LETTER ISSUED TO THE ORGANIZATION, THE IRS CONCLUDED THAT THE ORGANIZATION SUCCESSFULLY TERMINATED PRIVATE FOUNDATION STATUS UNDER IRC SECTION 507(B)(1)(B) AND RECLASSIFIED THE ORGANIZATION AS OF JULY 1, 2019 AS A PUBLIC CHARITY, SPECIFICALLY A TYPE I SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). SACRAMENTO REGION PERFORMING ARTS ALLIANCE 1110 2ND STREET SACRAMENTO CA 95814 911841406 SUPPORT THE ACTIVITIES OF THE SACRAMENTO PHILHARMONIC & OPERA FOUNDATION CA 501(C)(3) LINE 10 NONE 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 SACRAMENTO REGION PERFORMING ARTS ALLIANCE B 188000 ACTUAL AMOUNT