2023-05-10T12:53:21-07:00 2022-06-30 990 2021-07-01 203523938 OPAS FOUNDATION OPAS 4023450202 1200 Douglas Omaha NE 68102 Joan Squires President 4023450202 2023-05-10 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Joan H Squires 1200 Douglas St Omaha NE 68102 11760619 0 X X 2005 NE The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 6 6 0 0 0 0 48188795 1208276 2235186 2302238 4222285 4067480 0 0 54646266 7577994 3866498 3929994 0 0 66602 0 0 0 0 2082396 2123767 6015496 6053761 48630770 1524233 216930638 214160238 3384760 4671255 213545878 209488983 The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society. 0 0 4217028 2179994 2302238 OPAS Foundation owns the Holland Performing Arts Center and leases the building to Omaha Performing Arts Society to further the mission of that organization. 1750000 1750000 0 OPAS Foundation provides operational support to Omaha Performing Arts Society in the form of an annual grant. 0 0 0 OPAS Foundation is responsible for the fundraising and construction of Steelhouse Omaha, a new live music venue which will open in mid-2023. The venue is part of the planned expansion of O-pa's arts and entertainment campus near the Holland Performing Arts Center and will provide flexible space to accommodate audiences of up to 3,000. All construction expenses are currently being capitalized. 0 0 0 5967028 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOAN H SQUIRES 4023450202 1200 Douglas Omaha NE 68102 JOAN H SQUIRES PRESIDENT 5 60 X 0 704761 13958 ARNOLD REEVES SENIOR VP AND CFO, TREASURER 5 45 X 0 188062 27691 SABRINA WEISS VP - DEVELOPMENT 5 45 X 0 158345 2092 MICHAEL MCCARTHY CHAIR 1 0 X X 0 0 0 JACK KORALESKI VICE CHAIR 1 1 X X 0 0 0 JOHN BOYER DIRECTOR 1 1 X 0 0 0 JENNIFER HAMANN DIRECTOR 1 0 X 0 0 0 RODRIGO LOPEZ DIRECTOR 1 1 X 0 0 0 CARL G MAMMEL DIRECTOR 1 1 X 0 0 0 0 1051168 43741 3 0 1 0 Kiewit Building Group 15002 Collection Center Drive Chicago IL 60693 Construction 19001558 Holland Basham Architects 119 S 49th Ave Omaha NE 68132 Architectural Services 973537 Heartland Scenic Studio 5329 Lindbergh Drive Omaha NE 68110 Equipment 535075 TRI Project Solutions 11061 S 232nd Street Gretna NE 68028 Project Management 212019 Professional Audio Designs 11629 W Dearbourn Ave Wauwatosa WI 53226 Equipment 150017 5 0 0 0 0 0 1208276 0 1208276 Rent 900099 2302238 2302238 0 0 0 0 0 0 2302238 111647 111647 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8138458 0 4182625 0 3955833 0 3955833 3955833 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7577994 6369718 0 0 3929994 3929994 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2496 0 2496 0 0 0 0 0 0 0 84237 0 84237 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2037034 2037034 0 0 0 0 0 0 0 0 0 0 6053761 5967028 86733 0 99710 2636492 31351687 682897 65766987 39773448 0 0 0 0 0 0 0 0 0 0 1455892 1267233 155473295 34108686 80329126 121364609 37927236 48435559 0 0 0 0 0 0 0 216930638 214160238 2933334 3349714 451426 1321541 3384760 4671255 X 156442766 130556529 57103112 78932454 213545878 209488983 216930638 214160238 1524233 -5581128 0 0 0 0 X 0 1 X 1 0 X 0 1515521 2400 901 642 1519464 2006547 2106879 2170085 2235186 2302238 10820935 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2006547 3622400 2172485 2236087 2302880 12340399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12340399 234770 459181 452818 264391 111647 1522807 0 0 0 0 0 0 234770 459181 452818 264391 111647 1522807 0 0 0 0 0 0 0 0 0 0 0 0 2241317 4081581 2625303 2500478 2414527 13863206 0.89015 0.97051 0.10985 0.02949 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48442824 642 -1329436 0 1983180 0 45130850 33703442 508377 16053647 0 1822642 0 48442824 43728787 994933 -4781388 0 6238890 0 33703442 43056977 58767 5223043 0 4610000 0 43728787 40945843 0 3861134 0 1750000 0 43056977 0.01 0 0.99 0 0 0 7174296 7174296 0 148298999 34108686 114190313 0 0 0 0 0 0 0 0 0 0 0 0 121364609 0 Due to OPAS 121541 Conditional Contribution 1200000 1321541 Schedule D, Part V, Line 4 To support operations of Omaha Performing Arts Society. 1 Omaha Performing Arts Society 1200 Douglas St Omaha NE 68102 470832480 3929994 0 To further the mission of Omaha Performing Arts Society. 1 0 Schedule I, Part I, Line 2 OPAS Foundation granted $2,179,994 to Omaha Performing Arts Society for support of the maintenance and operations of the Holland Performing Arts Center and the Orpheum Theater. The request was discussed and approved by the Board of Directors. Omaha Performing Arts Society provides information about maintenance and capital improvement projects and operations annually to the OPAS Foundation. Additionally, OPAS Foundation granted $1,750,000 to Omaha Performing Arts Society for support of general operations. This request was also discussed and approved by the Board of Directors. 0 1 0 0 0 0 0 0 0 JOAN H SQUIRES PRESIDENT 0 352355 0 0 0 352406 0 4481 0 9477 0 718719 0 ARNOLD REEVES SENIOR VP AND CFO, TREASURER 0 187333 0 0 0 729 0 2523 0 25168 0 215753 0 SABRINA WEISS VP - DEVELOPMENT 0 158218 0 0 0 127 0 2092 0 0 0 160437 0 Schedule J, Part I, Line 4 An Officer is a participant in a 457(f) deferred compensation plan sponsored by OPAS Foundation. Vesting and related payments are based on years of service. During the 2021 calendar year, the Officer received a one-time payment of $350,000 in accordance with the plan's payment schedule. As of 6/30/22, the Officer's deferred compensation account was credited with $100,000. Schedule J, Part II An Officer is a participant in an endorsement split-dollar life insurance plan and a deferred compensation plan which is intended to meet the requirements of 409(a) and 457(f). Both plans are sponsored by OPAS Foundation, a related organization of OPAS. Under the plan, OPAS Foundation endorses the right to designate a beneficiary for the portion of the death benefit in excess of the greater of the cash surrender value or premiums paid. The value of the right, which was included in the Officer's reportable compensation, was $1,354. OPAS Foundation also sponsors an additional 457(f) deferred compensation plan effective January 1, 2014. As of 6/30/2022, the Officer's deferred compensation account was credited with $100,000. Form 990, Part VI, Section B, Line 11b Before filing, a copy of the Form 990 and all required schedules were provided to each voting member of the Board of Directors. Each member is instructed to contact the President of the organization with any questions or concerns and is given ten days to do so before the return is filed. Form 990, Part VI, Section B, Line 12c Each year, a conflict of interest disclosure form is distributed to all voting members of the Board of Directors. Each member has one month to return the form. Any conflict of interest is discussed at the next board meeting with appropriate actions taken by the Chair of the Board. Form 990, Part VI, Section B, Line 15 The Chair of the Board of Directors is responsible for the completion and implementation of evaluation and compensation of the President. Prior to the conclusion of the fiscal year, and in conjunction with the budget preparation process for the subsequent fiscal year, the Chair shall be responsible for recommending the compensation and benefits of the President. The development of the final compensation package may use market-based data that is independent of O-pa. In addition, an outside consultant may be engaged to conduct an independent review periodically as determined by the Chair to ensure that the information is timely and appropriate. The Chair's assessment shall be provided for review to a Compensation Committee comprised of not less than two members of the Board of Directors. Following the Compensation Committee's approval, the Board of Directors will make the final approval prior to the end of the fiscal year and note its actions in its minutes. Form 990, Part VI, Section C, Line 19 No documents available to the public. OMAHA PERFORMING ARTS SOCIETY 1200 DOUGLAS OMAHA NE 68102 470832480 PERFORMING ARTS CENTER NE 501(c)(3) N/A 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 OMAHA PERFORMING ARTS SOCIETY b 3929994 OMAHA PERFORMING ARTS SOCIETY j 2302238