2024-05-01T08:34:41-05:00 2023-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-07-01 952096402 LOS ANGELES OPERA COMPANY LOSA 2139727652 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 KATHLEEN RUIZ CFO 2139727652 2024-04-29 1 KATHLEEN RUIZ XXX-XX-XXXX 0 DAVID M HIGHFILL P01517891 2139724000 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER KOELSCH 135 N GRAND AVENUE LOS ANGELES CA 90012 41017047 0 X LAOPERA.ORG X 1983 CA SEE PART III & SCHEDULE OTHE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA. 96 94 1026 283 18333 15801 31293131 25423375 8700522 10238813 1525690 1916465 4653074 2128649 46172417 39707302 60000 50000 0 0 30323306 35016125 143500 28001 4726502 17260824 14643770 47787630 49737896 -1615213 -10030594 101706372 100261098 14353848 18357071 87352524 81904027 X TO SERVE THE PUBLIC BY PRODUCING WORLD-CLASS OPERA THAT PRESERVES, PROMOTES AND ADVANCES THE ART FORM WHILE EMBODYING THE DIVERSITY, SPIRIT AND ARTISTIC SENSIBILITY UNIQUE TO LOS ANGELES. WE ENVISION AN ENGAGED AND ENLIGHTENED COMMUNITY IN WHICH ALL MEMBERS HAVE THE OPPORTUNITY TO COLLECTIVELY ENJOY THE RICH AESTHETIC, EMOTIONAL, INTELLECTUAL AND CULTURAL EXPERIENCE OF OPERA. 0 0 31879526 9399258 OPERA: THE COMPANY PERFORMED 36 OPERA PERFORMANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2023. THE COMPANY SOLD OVER 71,000 TICKETS TO MAINSTAGE OPERAS DURING THE YEAR, GENERATING REVENUE OF OVER $9 MILLION. 3518106 839555 OTHER ARTISTIC PROGRAMS (RECITALS AND OFF GRAND): THE COMPANY PRESENTS OPERAS BOTH DIGITALLY AND IN PERSON IN A VARIETY OF LOCATIONS TO INCREASE ACCESSIBILITY, EXPAND THE AUDIENCE, AND PROMOTE THE ART FORM. THESE ACTIVITIES INCLUDE OUR "OFF GRAND" PROGRAMS AND RECITALS FEATURING WORLD RENOWNED OPERA SINGERS. THE COMPANY HELD 8 PERFORMANCES DURING THE FISCAL YEAR, SELLING OVER 10,000 TICKETS WHICH GENERATED OVER $839K OF REVENUE. 3296519 50000 LA OPERA CONNECTS: LA OPERA CONNECTS IS A PROGRAMMING WING FOCUSING ON EQUITABLE ACCESS TO OPERA, PROVIDING UNIQUE PROGRAMS TO STUDENTS, CHILDREN, AND FAMILIES, AMONGST OTHER AUDIENCES, IN THE LOS ANGELES REGION. IN THE 2022-2023 SEASON, LA OPERA PARTNERED WITH NUMEROUS SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE PROGRAMMING TO OVER 150,000 INDIVIDUALS. PROGRAMS INCLUDED ARTS AND HEALTHCARE PROGRAMS, STUDENT FIELD TRIPS, PUBLIC PERFORMANCES, AND COMMUNITY OPERA ENSEMBLES. 1880178 THE YOUNG ARTIST PROGRAM SEEKS TO SUPPORT AND DEVELOP THE CAREERS OF PROMISING SINGERS AND PIANISTS. THIS RESIDENCY PROGRAM PROVIDES EXTENSIVE TRAINING AND PERFORMANCE EXPERIENCE THROUGH MAIN-STAGE ROLES, COVER ROLES, CONCERTS AND OTHER PRODUCTIONS. DURING THE YEAR, TWELVE ARTISTS WERE GIVEN 46 MAIN-STAGE ASSIGNMENTS (ROLES, COVERS) AND PERFORMED IN MORE THAN 24 RECITALS THROUGHOUT THE COMMUNITY. 1880178 40574329 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 186 0 1 1026 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 96 94 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X KATHLEEN RUIZ 2139727652 135 N GRAND AVENUE LOS ANGELES CA 900123013 JAMES CONLON EX.OFF.DIR. SEE SCH. J PT. III 20.00 0.00 X 619867 0 76917 CHRISTOPHER KOELSCH EX.OFFICIO DIR, PRES & CEO 40.00 0.00 X X 758891 0 24916 MARC I STERN HONORARY CHAIRMAN 10.00 0.00 X X 0 0 0 KEITH R LEONARD CHAIRMAN OF EXEC COMMITTEE 10.00 0.00 X X 0 0 0 BERNARD A GREENBERG VICE CHAIRMAN EMERITUS 5.00 0.00 X X 0 0 0 EUGENE P STEIN VICE CHAIRMAN 5.00 0.00 X X 0 0 0 MARILYN ZIERING VICE CHAIRMAN 5.00 0.00 X X 0 0 0 ROBERT RONUS TREASURER 5.00 0.00 X X 0 0 0 PAUL D TOSETTI SECRETARY 5.00 0.00 X X 0 0 0 MR AHSAN AIJAZ DIRECTOR 2.00 0.00 X 0 0 0 GERALDINE ALDEN PHD DIRECTOR (THRU 7/16/22) 2.00 0.00 X 0 0 0 PATRICIA N ARTIGAS DIRECTOR 2.00 0.00 X 0 0 0 JAMES R ASPERGER DIRECTOR 2.00 0.00 X 0 0 0 HAIG S BAGERDJIAN DIRECTOR 2.00 0.00 X 0 0 0 FRANK BAXTER DIRECTOR 2.00 0.00 X 0 0 0 PAUL BLOCH DIRECTOR 2.00 0.00 X 0 0 0 LISA BRATKOVICH DIRECTOR (AS OF 3/8/23) 2.00 0.00 X 0 0 0 DR IMAN H BRIVANLOU DIRECTOR 2.00 0.00 X 0 0 0 MR BRIAN BROOKS DIRECTOR 2.00 0.00 X 0 0 0 BARBARA BURTIN DIRECTOR 2.00 0.00 X 0 0 0 TODD CALVIN DIRECTOR (THRU 6/14/23) 2.00 0.00 X 0 0 0 MARLENE CHAVEZ DIRECTOR 2.00 0.00 X 0 0 0 JANET CIRIELLO DIRECTOR 2.00 0.00 X 0 0 0 ALICIA CLARK DIRECTOR 2.00 0.00 X 0 0 0 ROBERT T COOK DIRECTOR 2.00 0.00 X 0 0 0 ALICE COULOMBE DIRECTOR 2.00 0.00 X 0 0 0 ALEXIS DEUTSCH-ADLER DIRECTOR 2.00 0.00 X 0 0 0 LESLIE A DORMAN DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN K EBERHARDT DIRECTOR 2.00 0.00 X 0 0 0 MRS CHAZ EBERT DIRECTOR 2.00 0.00 X 0 0 0 GEOFF EMERY DIRECTOR 2.00 0.00 X 0 0 0 DR ANNETTE ERMSHAR DIRECTOR 2.00 0.00 X 0 0 0 PENELOPE FOLEY DIRECTOR 2.00 0.00 X 0 0 0 DON E FRANZEN DIRECTOR 2.00 0.00 X 0 0 0 DR MICHAEL A FRIEDMAN DIRECTOR 2.00 0.00 X 0 0 0 ALEXANDER FURLOTTI DIRECTOR 2.00 0.00 X 0 0 0 THOMAS GOTTSCHALK DIRECTOR 2.00 0.00 X 0 0 0 DIANE GRAY DIRECTOR 2.00 0.00 X 0 0 0 MONICA GUTIERREZ-ROPER DIRECTOR 2.00 0.00 X 0 0 0 CORNELIA HAAG-MOLKENTELLERPHD DIRECTOR 2.00 0.00 X 0 0 0 NICOLAS HAMATAKE DIRECTOR 2.00 0.00 X 0 0 0 MARY HAYLEY DIRECTOR 2.00 0.00 X 0 0 0 CATHERINE H HELM DIRECTOR 2.00 0.00 X 0 0 0 CAROL F HENRY DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM CHASE HODGE-BROKENBURR DIRECTOR 2.00 0.00 X 0 0 0 JOAN HOTCHKIS DIRECTOR 2.00 0.00 X 0 0 0 TIM C JOHNSON DIRECTOR 2.00 0.00 X 0 0 0 MS JANET C JONES DIRECTOR (AS OF 9/16/22) 2.00 0.00 X 0 0 0 RICHARD JONES DIRECTOR 2.00 0.00 X 0 0 0 LAWRENCE A KERN DIRECTOR 2.00 0.00 X 0 0 0 THOMAS F KRANZ DIRECTOR 2.00 0.00 X 0 0 0 SHERRY LANSING DIRECTOR 2.00 0.00 X 0 0 0 SCOTT R LORD DIRECTOR 2.00 0.00 X 0 0 0 NORA MANELLA DIRECTOR (AS OF 3/8/23) 2.00 0.00 X 0 0 0 CLAUDE MANN DIRECTOR 2.00 0.00 X 0 0 0 PATTY MCKENNA DIRECTOR 2.00 0.00 X 0 0 0 BRYAN MOELLER DIRECTOR 2.00 0.00 X 0 0 0 JAMES MULALLY DIRECTOR 2.00 0.00 X 0 0 0 GARY MURPHY DIRECTOR (AS OF 6/14/23) 2.00 0.00 X 0 0 0 GREGORY NAVA DIRECTOR 2.00 0.00 X 0 0 0 DR LESLIE A PAM PHD DIRECTOR 2.00 0.00 X 0 0 0 LINDA PASCOTTO DIRECTOR 2.00 0.00 X 0 0 0 ANDREA PESSINO DIRECTOR 2.00 0.00 X 0 0 0 LINDA PIERCE DIRECTOR 2.00 0.00 X 0 0 0 HAROLD B RAY DIRECTOR 2.00 0.00 X 0 0 0 COURTNEY REUM DIRECTOR 2.00 0.00 X 0 0 0 BARRY A SANDERS DIRECTOR 2.00 0.00 X 0 0 0 LIONEL SAUVAGE DIRECTOR 2.00 0.00 X 0 0 0 LORRAINE SAUNDERS DIRECTOR 2.00 0.00 X 0 0 0 HEINRICH SCHELBERT DIRECTOR 2.00 0.00 X 0 0 0 R CARLTON SEAVER DIRECTOR 2.00 0.00 X 0 0 0 LISA SEE DIRECTOR 2.00 0.00 X 0 0 0 TINA SEGEL DIRECTOR (AS OF 6/14/23) 2.00 0.00 X 0 0 0 JOAN SEIDEL DIRECTOR 2.00 0.00 X 0 0 0 LINDA SHAHEEN DIRECTOR 2.00 0.00 X 0 0 0 MARILYN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 MARVIN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 SUSAN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 ERIC L SMALL DIRECTOR 2.00 0.00 X 0 0 0 JAMES THURMOND SMITHGALL DIRECTOR (THRU 2/6/23) 2.00 0.00 X 0 0 0 DR VINA SPIEHLER DIRECTOR 2.00 0.00 X 0 0 0 TERRY STANFILL DIRECTOR 2.00 0.00 X 0 0 0 MRS JANET STANFORD DIRECTOR 2.00 0.00 X 0 0 0 SHIRLEY STARKE-WALLACE DIRECTOR 2.00 0.00 X 0 0 0 DEANIE STEIN DIRECTOR 2.00 0.00 X 0 0 0 DR ELLEN G STRAUSS PHD DIRECTOR 2.00 0.00 X 0 0 0 MIMI TECHENTIN DIRECTOR (AS OF 6/14/23) 2.00 0.00 X 0 0 0 BARBARA AUGUSTA TEICHERT DIRECTOR 2.00 0.00 X 0 0 0 SANDRA TERNER DIRECTOR (THRU 10/10/23) 2.00 0.00 X 0 0 0 RICHARD TROOP DIRECTOR 2.00 0.00 X 0 0 0 BRIGITTA B TROY DIRECTOR 2.00 0.00 X 0 0 0 GILLIAN WAGNER DIRECTOR 2.00 0.00 X 0 0 0 CHRIS WALKER DIRECTOR 2.00 0.00 X 0 0 0 REGINA WEINGARTEN DIRECTOR 2.00 0.00 X 0 0 0 GEOFFREY P WHARTON DIRECTOR 2.00 0.00 X 0 0 0 ALYCE WILLIAMSON DIRECTOR 2.00 0.00 X 0 0 0 FAYE WILSON DIRECTOR (THRU 2/6/23) 2.00 0.00 X 0 0 0 ANDREW XU DIRECTOR 2.00 0.00 X 0 0 0 ZEV YAROSLAVSKY DIRECTOR 2.00 0.00 X 0 0 0 ELLEN ZETCHER DIRECTOR 2.00 0.00 X 0 0 0 ANN ZIFF DIRECTOR 2.00 0.00 X 0 0 0 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 40.00 0.00 X 458278 0 10524 JILL BOYD VP, HUMAN RESOURCES 40.00 0.00 X 245933 0 10030 RUPERT HEMMINGS V.P., ARTISTIC PLANNING 40.00 0.00 X 302869 0 34323 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 40.00 0.00 X 234573 0 18610 KATHLEEN RUIZ V.P., CFO 40.00 0.00 X 256899 0 20763 TEHVON FOWLER CHAPMAN V.P., ED. & COMM. ENGAGEMENT 40.00 0.00 X 43944 0 1189 JOSHUA WINOGRADE SENIOR DIRECTOR, ARTISITC 40.00 0.00 X 203107 0 33160 PATRICIA MCLEOD SR. DIRECTOR DEVELOPMENT 40.00 0.00 X 190160 0 25360 KELLY TRAVIS OPERA HEAD, VIDEO 40.00 0.00 X 153479 0 6700 ERIC BORNEMAN SR. DIRECTOR OF MARKETING 40.00 0.00 X 153582 0 16693 CHUL PARK DIRECTOR, TECHNOLOGY SERVICES 40.00 0.00 X 180294 0 23662 3801876 0 302847 25 1 1 1 112 BEVERLY LLC 936 CRENSHAW BLVD 100 LOS ANGELES CA 90019 COSTUME SHOP RENT 627754 AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 ARTIST 619867 LEVY RESTAURANTS 135 N GRAND AVE LOS ANGELES CA 90012 CATERING 345868 DAZ INVESTMENT LCC 10850 WILSHIRE BLVD STE 370 LOS ANGELES CA 90024 WAREHOUSE STORAGE 271043 SUSAN A GRAHAM 5223 CARRIAGE DRIVE CIRCLE CHARLOTTE NC 28205 ARTISTIC ADVISOR, YOUNG ARTIST PROG 161658 5 729135 789459 23904781 937595 25423375 OPERAS-MAINSTAGE 711190 9399258 9399258 RECITALS & OFF GRAND 611710 839555 839555 10238813 2410968 2320000 2630 88338 398040 0 398040 398040 398040 494503 -494503 -494503 -494503 561430 729135 815242 -253812 -253812 TMC FUND ALLOCATION 900099 679105 679105 BOX OFFICE HANDLING CH 900099 618975 618975 686341 15703 670638 1984421 39707302 13856893 18333 408701 50000 50000 3623459 3115488 198642 309329 25007656 21356798 1375535 2275323 1904574 1780515 53194 70865 2465236 2139155 160227 165854 2015200 1748645 130977 135578 391189 391189 28001 28001 2692453 1372682 583027 736744 1219998 985983 139852 94163 3212670 2155810 703455 353405 1323122 940218 243295 139609 280336 190628 47658 42050 446740 236772 142957 67011 286998 177127 73101 36770 PRODUCTION EXPENSES 3380977 3361247 3990 15740 MAT, SUP, EQUIP 858380 620355 150757 87268 STORAGE COSTS 550907 342906 39209 168792 49737896 40574329 4437065 4726502 2782115 396418 31687684 28026092 2000410 289873 2479830 3129175 10895643 9385174 1082110 1510469 24230609 28996591 37443614 37912480 101706372 100261098 5823397 7571485 4747118 5135586 33333 0 3750000 5650000 14353848 18357071 X -7821462 -12724093 95173986 94628120 87352524 81904027 101706372 100261098 X -10030594 4279082 303015 X 0 1 X 1 1 1 X 34808643 25808679 29026680 31293131 25423375 146360508 11918084 8338498 0 8700522 10238813 39195917 46726727 34147177 29026680 39993653 35662188 185556425 18163174 5437584 5855857 12040375 9044950 50541940 0 18163174 5437584 5855857 12040375 9044950 50541940 135014485 4460113 2901927 64020 2150096 2809008 12385164 21454 19473 15801 56728 4460113 2901927 85474 2169569 2824809 12441892 12545 12545 179870 510484 3276613 5387703 2530148 11884818 51366710 37559588 32401312 47550925 41017145 209895680 0.64320 0.61300 0.05930 0.04870 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING - 2018 AMOUNT: $ 106,914. 2019 AMOUNT: $ 373,062. 2020 AMOUNT: $ 29,504. 2021 AMOUNT: $ 192,646. 2022 AMOUNT: $ 561,430. ERC TAX CREDIT - 2020 AMOUNT: $ 2,580,000. 2021 AMOUNT: $ 2,025,550. TMC FND ALLOC - 2020 AMOUNT: $ 372,621. 2021 AMOUNT: $ 2,927,218. LA MASTER CHORALE TESSITURA - 2020 AMOUNT: $ 236,465. MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 72,956. 2019 AMOUNT: $ 137,422. 2020 AMOUNT: $ 58,023. 2021 AMOUNT: $ 242,289. 2022 AMOUNT: $ 670,638. TESSITURA CONSORTIUM - 2022 AMOUNT: $ 679,105. BOX OFFICE HANDLING - 2022 AMOUNT: $ 618,975. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26730609 500000 2935662 1169680 28996591 29749102 3130000 -4993990 1154503 26730609 22395921 1080000 7321363 1048182 29749102 23115709 176800 115435 1012023 22395921 22537187 180000 1207745 829544 23095388 0.09600 0.90400 1 0 763843 717498 46345 10131800 8667676 1464124 1510469 MUSIC CTR FDTN UNITIZED INV PL 28996591 F 28996591 BENEFICIAL INT PERPETUAL TRUST 18212480 BENEFICIAL INT REMAINDER TRUST 19700000 37912480 X 44710557 4279082 421158 303015 5003255 39707302 0 39707302 50159054 421158 421158 49737896 0 49737896 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. TO SATISFY THE LONG-TERM RATE-OF-RETURN OBJECTIVES, THE OPERA RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THESE POLICIES ESTABLISH ASSET CLASSES THAT ARE DEEMED SUITABLE FOR INVESTMENT OF ENDOWMENT FUNDS, WHICH CURRENTLY INCLUDE INVESTMENTS IN DOMESTIC AND INTERNATIONAL EQUITIES, FIXED INCOME, ALTERNATIVE STRATEGIES, AND REAL ASSETS THROUGH THE FOUNDATION INVESTMENT POOL. IN ORDER TO SUPPORT THE LONG-TERM GROWTH OF THE OPERA, THE FINANCE COMMITTEE HAS ESTABLISHED A SPENDING RATE POLICY WHERE THE ENDOWMENT SHALL ANNUALLY DISTRIBUTE A PERCENTAGE OF THE 12-QUARTER ROLLING AVERAGE FAIR VALUE ENDING ON MARCH 30 OF THE PRIOR FISCAL YEAR. IN 2023 AND 2022, THE PERCENTAGE RATE USED WAS 5%. FOR FUNDS WITH DONOR-IMPOSED ASSET ALLOCATIONS OR DISTRIBUTIONS, THE DISTRIBUTIONS CONFORM TO THE DONOR'S EXPRESSED WISHES. THIS SPENDING RATE POLICY IS CONSISTENT WITH THE OPERA'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NET GIFTS AND INVESTMENT RETURN. FINAL AUTHORIZATION OF THE APPROPRIATION BY THE BOARD OCCURS WHEN THE BUDGET IS APPROVED. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS THE OPERA IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE OPERA IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION FOR UNRELATED BUSINESS INCOME TAX WAS RECORDED AT JUNE 30, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 303,015. X X X X X X X 1 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING 0 81246 28001 53245 81246 28001 53245 CA 22/23 GALA 1290565 729135 561430 0 0 629204 167329 18709 1290565 729135 561430 629204 167329 18709 815242 -253812 1 GIFTED ARTIST AWARD 1 25000 N/A GIFTED ARTIST AWARD 1 25000 N/A SCHEDULE I, PART 1, LINE 1 THE EVA AND MARC STERN ARTIST AWARD PROVIDES EXTRA ASSISTANCE TO RISING TALENT, AND INTENDS TO RECOGNIZE THE LASTING ARTISTRY OF THOSE WHO HAVE CONTRIBUTED TO THE COMPANY'S CREATIVE ENDEAVORS IN A SIGNIFICANT WAY. WHILE THIS YEAR'S AWARD WAS SPLIT BETWEEN TWO INCREDIBLE ARTISTS, FUTURE AWARDS MAY BE GIVEN TO FEWER HONOREES ANNUALLY IN THE SPRINGTIME. RECIPIENTS OF THE AWARD WERE SELECTED BY MEMBERS OF LA OPERA'S ARTISTIC STAFF IN CONSULTATION WITH MARC AND EVA STERN, AND THE OPERA PERIODICALLY CHECKS IN WITH THE RECIPIENTS TO ENSURE THE FUNDS ARE EXPENDED IN A MANNER CONSISTENT WITH THEIR INTENT. X X X X 0 0 0 0 0 0 0 1 0 CHRISTOPHER KOELSCH EX.OFFICIO DIR, PRES & CEO 397391 0 361500 0 0 0 14311 0 10605 0 783807 0 361500 0 JAMES CONLON EX.OFF.DIR. SEE SCH. J PT. III 619867 0 0 0 0 0 0 0 76917 0 696784 0 0 0 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 346090 0 112188 0 0 0 10524 0 0 0 468802 0 105700 0 RUPERT HEMMINGS V.P., ARTISTIC PLANNING 302869 0 0 0 0 0 12722 0 21601 0 337192 0 0 0 KATHLEEN RUIZ V.P., CFO 236899 0 20000 0 0 0 10770 0 9993 0 277662 0 0 0 JILL BOYD VP, HUMAN RESOURCES 225933 0 20000 0 0 0 10030 0 0 0 255963 0 0 0 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 234573 0 0 0 0 0 10452 0 8158 0 253183 0 0 0 JOSHUA WINOGRADE SENIOR DIRECTOR, ARTISITC 203107 0 0 0 0 0 9911 0 23249 0 236267 0 0 0 PATRICIA MCLEOD SR. DIRECTOR DEVELOPMENT 190160 0 0 0 0 0 8685 0 16675 0 215520 0 0 0 CHUL PARK DIRECTOR, TECHNOLOGY SERVICES 180294 0 0 0 0 0 6987 0 16675 0 203956 0 0 0 ERIC BORNEMAN SR. DIRECTOR OF MARKETING 153582 0 0 0 0 0 6700 0 9993 0 170275 0 0 0 KELLY TRAVIS OPERA HEAD, VIDEO 153479 0 0 0 0 0 6700 0 0 0 160179 0 0 0 PART I, LINE 7 NONFIXED PAYMENTS FOUR INDIVIDUALS RECEIVED A DISCRETIONARY, NON-FIXED PAYMENT. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B). FORM 990, SCHEDULE J, PART II TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2022 INCLUDES MUSIC DIRECTOR FEES. ANY PAYMENTS FOR SERVICES PROVIDED BY CONLON PER THE AGREEMENT BETWEEN THE OPERA AND HIS COMPANY AMADEUS MUSIC PRODUCTION CORP (A COMPANY UNRELATED TO LA OPERA) WERE MADE TO AMADEUS MUSIC PRODUCTION CORP. X 18 937595 MKT VALUE DATE DONATED 0 1 0 SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTIONS THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A VOTING MEMBERS OF THE GOVERNING BODY THE EXECUTIVE COMMITTEE IS EMPOWERED TO EXERCISE ALL THE DUTIES OF THE BOARD BETWEEN MEETINGS OF THE BOARD AND WHEN THE BOARD IS NOT IN SESSION, EXCEPT THOSE MATTERS PRECLUDED UNDER SECTION 5212 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE FORM 990 THE FINAL DRAFT OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT OF THE LA OPERA, AND EDITED IF REQUIRED. PRIOR TO PRESENTATION TO THE AUDIT COMMITTEE, THE CHAIR OF THE BOARD REVIEWS THE DRAFT AND PROPOSES EDITS, IF REQUIRED. IT IS THE PRACTICE OF THE LA OPERA TO CIRCULATE THE PUBLIC INSPECTION COPY, WITHOUT SCHEDULE B (CONFIDENTIAL DONOR LIST), TO THE AUDIT COMMITTEE FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. FURTHER, THE PUBLIC INSPECTION COPY WITHOUT SCHEDULE B IS MADE AVAILABLE TO THE FULL BOARD SUBSEQUENT TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICIES ADOPTED BY THE BOARD. ANY PROPOSED TRANSACTION WHERE THERE IS, OR MAY BE, A CONFLICT OF INTEREST WITH A BOARD MEMBER IS DISCUSSED AND MAY BE SUBJECT TO APPROVAL BY THE BOARD. ANNUALLY, A PERSONALIZED LETTER TO EACH BOARD MEMBER, SIGNED BY THE CHAIRMAN OF THE BOARD, IS CIRCULATED SPECIFICALLY REQUESTING REVIEW OF THE POLICY, WHICH IS ATTACHED TO THE LETTER ALONG WITH A QUESTIONNAIRE. A RESPONSE TO A QUESTIONNAIRE IS REQUESTED TO BE SENT TO THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICT IS DISCUSSED WITH THE CHAIRMAN OF THE BOARD AND THE PRESIDENT. THE CHAIRMAN OR THE PRESIDENT DECIDE IF A POTENTIAL CONFLICT EXISTS AND IF IT SHOULD BE SUBMITTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD MEETS TO REVIEW AND APPROVE THE COMPENSATION, OR CHANGE IN COMPENSATION, OF THE FOLLOWING POSITIONS: " PRESIDENT AND CHIEF EXECUTIVE OFFICER " MUSIC DIRECTOR " CHIEF FINANCIAL OFFICER " VICE PRESIDENTS THE COMPENSATION COMMITTEE IS COMPOSED OF BOARD MEMBERS INDEPENDENT WITH REGARD TO THE COMPENSATION ARRANGEMENT. IN ITS EFFORTS TO COMPENSATE EMPLOYEES FAIRLY FOR THEIR SERVICES, THE COMMITTEE UTILIZES THE FOLLOWING IN DETERMINING APPROPRIATE LEVELS OF COMPENSATION: " COMPENSATION SURVEYS OR STUDIES OF COMPARABLE ORGANIZATIONS " INDUSTRY GROUP SURVEYS (OPERA AMERICA) " FORM 990 OF COMPARABLE ORGANIZATIONS COMPENSATION AGREEMENTS ARE APPROVED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. DOCUMENTATION INCLUDES THE TERMS OF THE AGREEMENTS AND THE DATE APPROVED , MEMBERS PRESENT DURING THE MEETING AND THOSE WHO VOTED ON IT, THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED, AND ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE AUTHORIZED BODY BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. ONE COMPENSATION COMMITTEE MEETING WAS HELD ON JANUARY 27, 2023 WHICH REVIEWED AND APPROVED COMPENSATION PACKAGES FOR THE FISCAL YEAR ENDED JUNE 30, 2023. FORM 990, PART VI, SECTION C, LINE 19 PROCESS FOR DISCLOSING GOVERNING DOCUMENTS THE LA OPERA MAKES ITS GOVERNING DOCUMENTS, TAX EXEMPTION LETTER, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE WWW.LAOPERA.ORG. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN REMAINDER TRUST 303,015.