San Francisco Conservatory of Music
San Francisco Conservatory of Music reported $58.7 million in revenue and $62.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $69.82 went to program services, $25.79 to management and general costs and $4.39 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.3% of the total. The highest compensation it reported for one person was $1,585,997 (PRESIDENT). 64 people received more than $100,000 in reportable compensation. Revenue fell 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $63MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $59MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 69.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.17 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 27.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 54.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,585,997 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.52% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 64 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 60.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCollegiate 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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 35.00 hrs/week | $1,301,032 | $0 | $284,965 | $1,585,997 |
| VP OF ADM, MKT & PR (THRU 1/31/24) Highest compensated employee, 0.00 hrs/week | $370,799 | $0 | $2,451 | $373,250 |
| VP OF FINANCE AND ADMINISTRATION Officer, 35.00 hrs/week | $339,084 | $0 | $23,627 | $362,711 |
| COLLEGIATE FACULTY Highest compensated employee, 35.00 hrs/week | $278,237 | $0 | $42,667 | $320,904 |
| COLLEGIATE FACULTY Highest compensated employee, 35.00 hrs/week | $266,417 | $0 | $36,079 | $302,496 |
| PROVOST & VP OF ACADEMIC AFFAIRS Key employee, 35.00 hrs/week | $262,815 | $0 | $13,725 | $276,540 |
| COLLEGIATE FACULTY Highest compensated employee, 35.00 hrs/week | $235,848 | $0 | $34,381 | $270,229 |
| ASSOCIATE VP OF ADVANCEMENT Highest compensated employee, 35.00 hrs/week | $232,734 | $0 | $12,174 | $244,908 |
64 people received more than $100,000 in reportable compensation from San Francisco Conservatory of Music (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5820
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| PROGUARD SECURITY SERVICES INC Security services | $1,134,072 |
| ALL CLEAN LLC Janitorial services | $615,810 |
| OAKTOWN PRODUCTIONS LLC Opera contractors & production assistant | $172,932 |
| ROOSTER PRODUCTIONS Opera contractors & production assistant | $164,177 |
| OLIVER THEIL Marketing consulting | $119,690 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
26 private foundations reported grants to San Francisco Conservatory of Music totaling $13M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from San Francisco Conservatory of Music's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for San Francisco Conservatory of Music, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 San Francisco Conservatory of Music spent in FY2025, $69.82 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Monmouth CollegeMonmouth, IL · revenue $59M · programs 89.1% · FY2025
- Nc State Student Aid AssociationRaleigh, NC · revenue $59M · programs 96.6% · FY2025
- The University of Montana FoundationMissoula, MT · revenue $59M · programs 79.3% · FY2025
- Ilead California Charters 1Acton, CA · revenue $59M · programs 91.9% · FY2025
- Polk County School Readiness CoalitionLakeland, FL · revenue $59M · programs 95.5% · FY2025
Questions people ask
How much of San Francisco Conservatory of Music's spending goes to programs?
In the fiscal year ending June 30, 2025, San Francisco Conservatory of Music reported that 69.8% of its $62.9 million in expenses went to program services, 25.8% to management and general and 4.4% to fundraising (Form 990, Part IX).
How much does San Francisco Conservatory of Music pay its top executive?
The largest total compensation San Francisco Conservatory of Music reported for one person in the fiscal year ending June 30, 2025 was $1,585,997, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does San Francisco Conservatory of Music get its money?
Of $58.7 million in revenue in the fiscal year ending June 30, 2025, 27.4% came from contributions and grants (including 0.1% from government grants) and 54.3% from program service revenue (Form 990, Part VIII).
Is San Francisco Conservatory of Music a registered charity?
The IRS lists EIN 94-1156610 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601349349303200 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511339349309461 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202521919349301902 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349307415 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202322889349301012 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349308697 · read the filing
All filings for EIN 94-1156610: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.