Nonprofit · EIN 94-1156610
SAN FRANCISCO CONSERVATORY OF MUSIC INC
Tax-exempt · SAN FRANCISCO, CA 94102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $58,718,872 | $62,876,103 | -$4,157,231 | $393,454,900 | $77,676,733 | $315,778,167 |
| June 30, 2024 | 990 | $75,641,609 | $59,131,038 | $16,510,571 | $395,337,542 | $81,015,446 | $314,322,096 |
| June 30, 2023 | 990 (amended) | $127,911,110 | $58,994,994 | $68,916,116 | $383,662,817 | $90,174,999 | $293,487,818 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,107,358
- of which government grants
- $47,155
- Program service revenue
- $31,869,982
- Investment income
- $7,983,171
- Net rental income
- $2,844,480
- Net gain from sales of assets
- $2,684,027
- Net income from fundraising events
- -$99,086
- Net income from sales of inventory
- -$4,453
- Other revenue
- $2,758,361
Expenses
- Grants and similar amounts paid
- $16,370,058
- Compensation of officers, directors and key employees
- $1,886,784
- Other salaries and wages
- $21,422,783
- Salaries, compensation and benefits (total)
- $27,495,888
- Professional fundraising fees
- $34,011
- Legal fees
- $892,942
- Accounting fees
- $152,578
- Occupancy
- $1,850,056
- Travel
- $467,974
- Depreciation
- $5,340,668
- Program services (functional)
- $43,902,111
- Management and general (functional)
- $16,215,851
- Fundraising (functional)
- $2,758,141
Balance sheet and other
- Total assets, start of year
- $395,337,542
- Total assets, end of year
- $393,454,900
- Total liabilities, end of year
- $77,676,733
- Net assets, end of year
- $315,778,167
- Land, buildings and equipment
- $233,405,421
- Publicly traded securities
- $141,511,826
- Net assets without donor restrictions
- $237,848,001
- Net assets with donor restrictions
- $77,930,166
- Gross unrelated business income
- $1,938
- Gross receipts
- $118,930,029
- Employees
- 820
- Volunteers
- 25
- Year formed
- 1923
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID STULL | PRESIDENT Officer | 35 | $1,301,032 | $284,965 |
| ELIZABETH GIUDICESSI | VP OF ADM, MKT & PR (THRU 1/31/24) Highest-paid employee | 0 | $370,799 | $2,451 |
| REGINA LEE | VP OF FINANCE AND ADMINISTRATION Officer | 35 | $339,084 | $23,627 |
| YOSHIKAZU NAGAI | COLLEGIATE FACULTY Highest-paid employee | 35 | $278,237 | $42,667 |
| SIMON JAMES | COLLEGIATE FACULTY Highest-paid employee | 35 | $266,417 | $36,079 |
| JONAS WRIGHT | PROVOST & VP OF ACADEMIC AFFAIRS Key employee | 35 | $262,815 | $13,725 |
| DIMITRI MURRATH | COLLEGIATE FACULTY Highest-paid employee | 35 | $235,848 | $34,381 |
| MICHAEL PELUSE | ASSOCIATE VP OF ADVANCEMENT Highest-paid employee | 35 | $232,734 | $12,174 |
| TIMOTHY FOO | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| DAVID KREMER | EXECUTIVE VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAMILLA SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL DOLL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA WALKOWSKI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOCK BINGHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BORA OZTURK | BOARD MEMBER (THRU 1/31/25) Trustee or director | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAN BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROL CASEY | BOARD MEMBER Trustee or director | 1 | $0 |
| REBECCA-SEN CHAN | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA DELAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES FREEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY J GAO | BOARD MEMBER Trustee or director | 1 | $0 |
| GARY GARABEDIAN | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD HARDIE | BOARD MEMBER Trustee or director | 1 | $0 |
| CARL KAUFMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PAYAM MIRRASHIDI | BOARD MEMBER Trustee or director | 1 | $0 |
| PHILIP NICOL | BOARD MEMBER Trustee or director | 1 | $0 |
| MARY POLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| PAMELA RIGG | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA SHIM | BOARD MEMBER Trustee or director | 1 | $0 |
| JANE TOM | BOARD MEMBER Trustee or director | 1 | $0 |
| MAURICE WERDEGAR | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANE ZACK | BOARD MEMBER Trustee or director | 1 | $0 |
| SIWEI ZOU | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID STULL | PRESIDENT Officer | 35 | $1,226,032 | $290,043 |
| KATHRYN WITTENMYER | VP OF FINANCE & ADMIN (THRU 6/2/23) Officer | 0 | $301,481 | $20,458 |
| KATHLEEN NICELY | VP OF ADVANCEMENT (THRU 2/2/24) Highest-paid employee | 35 | $285,189 | $25,866 |
| REGINA LEE | VP OF FINANCE AND ADMINISTRATION Officer | 35 | $282,272 | $10,450 |
| YOSHIKAZU NAGAI | COLLEGIATE FACULTY Highest-paid employee | 35 | $247,757 | $39,563 |
| SIMON JAMES | COLLEGIATE FACULTY Highest-paid employee | 35 | $246,908 | $37,069 |
| JONAS WRIGHT | DEAN AND VP OF ACADEMIC AFFAIRS Officer | 35 | $237,596 | $12,465 |
| DIMITRI MURRATH | COLLEGIATE FACULTY Highest-paid employee | 35 | $214,618 | $32,369 |
| ELIZABETH GIUDICESSI | VP OF ADM, MKT & PR (THRU 1/31/24) Highest-paid employee | 35 | $220,454 | $9,011 |
| TIMOTHY FOO | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| DAVID KREMER | EXECUTIVE VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAMILLA SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL DOLL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA WALKOWSKI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOCK BINGHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BORA OZTURK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAN BUCKLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROL CASEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA-SEN CHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA DELAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES FREEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANISYA FRITZ | BOARD MEMBER (THRU 11/1/23) Trustee or director | 1 | $0 | $0 |
| JEFFREY J GAO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARY GARABEDIAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD HARDIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARL KAUFMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAYAM MIRRASHIDI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHILIP NICOL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEEPA PAKIANATHAN | BOARD MEMBER (THRU 11/27/23) Trustee or director | 1 | $0 | $0 |
| MARY POLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSHUA RAFNER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAMELA RIGG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN RUBIN | BOARD MEMBER (THRU 10/13/23) Trustee or director | 1 | $0 | $0 |
| MARIA SHIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAUREEN O'BRIEN SULLIVAN | BOARD MEMBER (THRU 4/10/24) Trustee or director | 1 | $0 | $0 |
| JANE TOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MAURICE WERDEGAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL WHITMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DIANE ZACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SIWEI ZOU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 38 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID STULL | PRESIDENT Officer | 35 | $651,032 | $282,000 |
| KATHRYN WITTENMYER | VP OF FINANCE & ADMIN (THRU 6/2/23) Officer | 35 | $265,789 | $34,972 |
| KATHLEEN NICELY | VICE PRESIDENT OF ADVANCEMENT Highest-paid employee | 35 | $272,827 | $20,376 |
| YOSHIKAZU NAGAI | COLLEGIATE FACULTY Highest-paid employee | 35 | $236,761 | $44,276 |
| SIMON JAMES | COLLEGIATE FACULTY Highest-paid employee | 35 | $234,485 | $45,749 |
| ELIZABETH GIUDICESSI | VP OF ADMISSION, MARKETING AND PR Highest-paid employee | 35 | $240,205 | $0 |
| JONAS WRIGHT | DEAN Officer | 35 | $225,102 | $12,025 |
| EDWIN OUTWATER | DIRECTOR OF MUSIC Highest-paid employee | 35 | $214,235 | $17,058 |
| REGINA LEE | CNTLR (THRU 6/2/23) / VP FIN & ADMIN Officer | 35 | $188,822 | $8,760 |
| TIMOTHY FOO | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| DEEPA PAKIANATHAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAMILLA SMITH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KAREN KUBIN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA WALKOWSKI | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOCK BINGHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAN BUCKLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROL CASEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REBECCA-SEN CHAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIANE DE BORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LISA DELAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CAROL DOLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES FREEMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY J GAO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY GARABEDIAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CARL KAUFMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID KREMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SUSSAN MARINEAU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAYAM MIRRASHIDA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHILIP NICOL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARY POLAND | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEPHEN RUBIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RESOMARIA SHIM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAUREEN O'BRIEN SULLIVAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE TOM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MAURICE WERDEGAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL WHITMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DIANE ZACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SIWEI ZOU | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 OAK ST, SAN FRANCISCO, CA 94102-6011
- In care of
- % SANF
- Principal officer (990 for 2024)
- DAVID STULL, 50 OAK STREET, SAN FRANCISCO, CA 94102
- Signed the 990
- REGINA LEE, V.P. FINANCE & ADMIN
- Phone
- (415) 503-6431
- Website
- WWW.SFCM.EDU
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1156610 or by the name SAN FRANCISCO CONSERVATORY OF MUSIC INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE SAN FRANCISCO CONSERVATORY OF MUSIC (SFCM) EDUCATES EXCEPTIONALLY TALENTED MUSICIANS FROM AROUND THE WORLD TO BECOME ARTISTS OF THE HIGHEST CALIBER, AS WELL AS MUSICAL CITIZENS PREPARED FOR THE CHALLENGES OF THE TWENTY-FIRST CENTURY.
Program accomplishments
- COLLEGIATE INSTRUCTION - SFCM IS AN ACCREDITED COLLEGE GRANTING BACHELOR'S AND MASTER'S DEGREES IN MUSIC PERFORMANCE. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, RECRUITMENT, AND ACADEMIC SUPPORT (LIBRARY, STUDENT SERVICES, ETC.). 451 STUDENTS WERE ENROLLED ACROSS THE FOLLOWING PROGRAMS: 14 ADVANCED CERTIFICATES, 12 ARTIST DIPLOMAS, 230 BACHELORS MUSIC, 2 CERTIFICATES, 165 MASTERS MUSIC, AND 28 PROFESSIONAL STUDIES DIPLOMAS. 450 STUDENTS RECEIVED SFCM SCHOLARSHIPS.Expenses $38,767,659 · grants $15,613,381 · revenue $27,685,898
- PRE-COLLEGIATE AND ADULT EXTENSION - MUSIC INSTRUCTION FOR 4-18 YEAR OLDS AND CONTINUING EDUCATION FOR ADULTS. INSTRUCTION INCLUDES EARLY CHILDHOOD MUSIC CLASSES, PRIVATE MUSIC INSTRUCTION, AND CLASSES. EXPENSES INCLUDE SALARIES, SCHOLARSHIPS, ADVERTISING, AND SUPPORT. 327 STUDENTS WERE ENROLLED AND 155 STUDENTS RECEIVED SCHOLARSHIPS. 193 STUDENTS WERE ENROLLED IN CONTINUING EDUCATION AND ADULT EXTENSION.Expenses $4,760,947 · grants $383,172 · revenue $4,113,566
- SAN FRANCISCO CONSERVATORY OF MUSIC PARTNERS WITH ORGANIZATIONS TO PRODUCE PRODUCT/PROJECTS THAT ALIGN WITH CARRYING OUT SFCM'S MISSION, SUCH AS VARIOUS CLASSICAL MUSIC RECORDINGS.Expenses $373,505 · grants $373,505
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1156610
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1935
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $393,454,900
- Income (IRS master file)
- $118,930,029
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $58,718,872 | $62,876,103 | $393,454,900 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $75,641,609 | $59,131,038 | $395,337,542 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $127,911,110 | $58,994,994 | $383,662,817 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $59,347,258 | $54,029,991 | $332,329,628 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1156610).
Questions about SAN FRANCISCO CONSERVATORY OF MUSIC INC
- What is the EIN of SAN FRANCISCO CONSERVATORY OF MUSIC INC?
- The employer identification number (EIN) of SAN FRANCISCO CONSERVATORY OF MUSIC INC is 94-1156610.
- Is SAN FRANCISCO CONSERVATORY OF MUSIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to SAN FRANCISCO CONSERVATORY OF MUSIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAN FRANCISCO CONSERVATORY OF MUSIC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAN FRANCISCO CONSERVATORY OF MUSIC INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAN FRANCISCO CONSERVATORY OF MUSIC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SAN FRANCISCO CONSERVATORY OF MUSIC INC?
- The 990 for the year ended June 30, 2025 names DAVID STULL.
- Who are the officers and directors of SAN FRANCISCO CONSERVATORY OF MUSIC INC?
- The 990 for the year ended June 30, 2025 lists 33 people; 8 received compensation from the organization, the highest $1,301,032 (DAVID STULL, PRESIDENT).
- How much revenue does SAN FRANCISCO CONSERVATORY OF MUSIC INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $58,718,872, expenses of $62,876,103 and total assets of $393,454,900 at year end.
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