2023-05-09T19:32:17-05:00 2022-06-30 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2021-07-01 952096402 LOS ANGELES OPERA COMPANY LOSA 2139727652 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 KATHLEEN RUIZ CFO 2139727652 2023-05-09 1 KATHLEEN RUIZ XXX-XX-XXXX DAVID M HIGHFILL P01517891 2139724000 2022-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRISTOPHER KOELSCH 135 N GRAND AVENUE LOS ANGELES CA 90012 47545834 0 X LAOPERA.ORG X 1983 CA THE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY. SEE SCHEDULE O ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA. 88 85 725 228 19473 16840 29026680 31293131 0 8700522 1482538 1525690 3055453 4653074 33564671 46172417 50000 60000 0 0 11033027 30323306 105375 143500 4998611 10064069 17260824 21252471 47787630 12312200 -1615213 111413847 101706372 16888957 14353848 94524890 87352524 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 29605357 7147280 OPERA: THE COMPANY PERFORMED 36 OPERA PERFORMANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2022. THE COMPANY SOLD OVER 51,000 TICKETS TO MAINSTAGE OPERAS DURING THE YEAR, GENERATING REVENUE OF OVER $7 MILLION. 3299214 955868 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 13 PERFORMANCES DURING THE FISCAL YEAR, SELLING OVER 13,000 TICKETS WHICH GENERATED OVER $955K OF REVENUE. 3627187 60000 597374 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 2021-2022 SEASON, LA OPERA PARTNERED WITH NUMEROUS SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE PROGRAMMING TO OVER 130,000 INDIVIDUALS. PROGRAMS INCLUDED ARTS AND HEALTHCARE PROGRAMS, STUDENT FIELD TRIPS, PUBLIC PERFORMANCES, AND COMMUNITY OPERA ENSEMBLES. 875292 3169507 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. 875292 3169507 37407050 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 236 0 1 725 1 1 1 0 0 0 0 1 1 0 0 0 0 X 88 85 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 541742 0 97393 CHRISTOPHER KOELSCH EX.OFFICIO DIR, PRES & CEO 40.00 0.00 X X 339155 0 382350 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 SEBASTIAN PAUL MUSCO THRU 91921 VICE CHAIRMAN 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 MARVIN S SHAPIRO SECRETARY 5.00 0.00 X X 0 0 0 GERALDINE ALDEN PHD DIRECTOR 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 PAUL BLOCH DIRECTOR 2.00 0.00 X 0 0 0 DR IMAN H BRIVANLOU DIRECTOR 2.00 0.00 X 0 0 0 BARBARA BURTIN DIRECTOR 2.00 0.00 X 0 0 0 MARLENE CHAVEZ DIRECTOR 2.00 0.00 X 0 0 0 JOYCE CHERNICK THRU 82021 DIRECTOR 2.00 0.00 X 0 0 0 ROBERT T COOK 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 GEOFF EMERY DIRECTOR 2.00 0.00 X 0 0 0 PENELOPE FOLEY DIRECTOR 2.00 0.00 X 0 0 0 DON ERIK 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 KIKI RAMOS GINDLER THRU 61522 DIRECTOR 2.00 0.00 X 0 0 0 RUTH R GOLD THRU 102121 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 MRS JOHN F HOTCHKIS DIRECTOR 2.00 0.00 X 0 0 0 TIM C JOHNSON DIRECTOR 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 LAUREN B LEICHTMAN THRU 61422 DIRECTOR 2.00 0.00 X 0 0 0 SEAN MADNANI THRU 61522 DIRECTOR 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 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 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 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 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 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 2.00 0.00 X 0 0 0 DR VINA SPIEHLER DIRECTOR 2.00 0.00 X 0 0 0 DEANIE STEIN DIRECTOR 2.00 0.00 X 0 0 0 DR JAMES H STRAUSS THRU 121821 DIRECTOR 2.00 0.00 X 0 0 0 BARBARA AUGUSTA TEICHERT DIRECTOR 2.00 0.00 X 0 0 0 SANDRA TERNER DIRECTOR 2.00 0.00 X 0 0 0 PAUL D TOSETTI DIRECTOR 2.00 0.00 X 0 0 0 BRIGITTA B TROY 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 THRU 61422 DIRECTOR 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 BEATRICE BENNETT THRU 12921 DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN K EBERHARDT DIRECTOR 2.00 0.00 X 0 0 0 SCOTT R LORD DIRECTOR 2.00 0.00 X 0 0 0 M FAYE WILSON DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM CHASE HODGE-BROKENBURR DIRECTOR 2.00 0.00 X 0 0 0 JANET CIRIELLO DIRECTOR 2.00 0.00 X 0 0 0 SHIRLEY STARKE-WALLACE DIRECTOR 2.00 0.00 X 0 0 0 TODD CALVIN DIRECTOR 2.00 0.00 X 0 0 0 GILLIAN WAGNER DIRECTOR 2.00 0.00 X 0 0 0 MR AHSAN AIJAZ AS OF 12821 DIRECTOR 2.00 0.00 X 0 0 0 MR BRIAN BROOKS AS OF 31522 DIRECTOR 2.00 0.00 X 0 0 0 MRS CHAZ EBERT AS OF 31522 DIRECTOR 2.00 0.00 X 0 0 0 DR ANNETTE ERMSHAR AS OF 93022 DIRECTOR 2.00 0.00 X 0 0 0 MS JANET C JONES AS OF 61422 DIRECTOR 2.00 0.00 X 0 0 0 ANDREA PESSINO AS OF 61422 DIRECTOR 2.00 0.00 X 0 0 0 MRS JANET STANFORD AS OF 61422 DIRECTOR 2.00 0.00 X 0 0 0 DR ELLEN G STRAUSS AS OF 31522 DIRECTOR 2.00 0.00 X 0 0 0 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 40.00 0.00 X 357852 0 105700 JILL BOYD VP, HUMAN RESOURCES 40.00 0.00 X 211871 0 12780 RUPERT HEMMINGS V.P., ARTISTIC PLANNING 40.00 0.00 X 190323 0 24257 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 40.00 0.00 X 190742 0 11794 KATHLEEN RUIZ V.P., CFO 40.00 0.00 X 133426 0 0 STACY C BRIGHTMAN V.P., ED. & COMM. ENGAGEMENT 40.00 0.00 X 142616 0 8471 JOSHUA WINOGRADE SENIOR DIRECTOR, ARTISITC 40.00 0.00 X 187258 0 30885 PATRICIA MCLEOD SR. DIRECTOR DEVELOPMENT 40.00 0.00 X 153964 0 18935 KELLY TRAVIS OPERA HEAD, VIDEO 40.00 0.00 X 158036 0 0 JEFF KLEEMAN TECHNICAL DIRECTOR 40.00 0.00 X 129644 0 0 CHUL PARK DIRECTOR, TECHNOLOGY SERVICES 40.00 0.00 X 144478 0 18625 2881107 0 711190 13 0 1 1 112 BEVERLY LLC 936 CRENSHAW BLVD 100 LOS ANGELES CA 90019 COSTUME SHOP RENT 696929 AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 ARTIST 541742 SPECIAL OCCASIONS EVENT PLANNING LLC 8543 SANTA MONICA BLVD UNIT 11 WEST HOLLYWOOD CA 90069 EVENT PLANNING 429985 DAZ INVESTMENT LCC 10850 WILSHIRE BLVD STE 370 LOS ANGELES CA 90024 WAREHOUSE STORAGE 265760 LEVY RESTAURANTS 135 N GRAND AVE LOS ANGELES CA 90012 CATERING 199842 5 3496662 4818846 22977623 3526838 31293131 TICKET SALES 711190 7147280 7147280 RECITALS 611710 955868 955868 YOUNG ARTIST 711190 597374 597374 8700522 1525690 5091 1520599 624406 0 624406 624406 624406 192646 3496662 1373417 -1180771 -1180771 TMC FND ALLOC 900099 2927218 2927218 EMPLOYEE RET. CREDIT 900099 2025550 2025550 OTHER REVENUE 900099 256671 242289 14382 5209439 46172417 11870029 19473 2989784 60000 60000 2429695 1172311 739246 518138 23006845 20438044 654783 1914018 1159561 1153229 3417 2915 2506689 2246986 86411 173292 1220516 1214523 2458 3535 743369 722526 20843 168357 168357 143500 143500 103421 103421 1799159 1799159 1445519 1162355 159113 124051 712684 539330 104275 69079 256703 58618 138942 59143 3106053 2068808 691285 345960 1021201 907556 18104 95541 18713 6480 7827 4406 174854 174854 506171 506171 418084 418084 STORAGE EXPENSES 2891858 1236917 630441 1024500 PHYSICAL PRODUCTION EXP 2889336 2878005 2254 9077 BAD DEBT EXP 448077 50000 398077 CREDIT CARD PROCESSING 396575 304039 92536 160690 160690 47787630 37407050 5381969 4998611 1911398 2782115 33859863 31687684 3505194 2000410 2090730 2479830 10020544 8938434 1210772 1082110 29749102 24230609 39086788 37443614 111413847 101706372 4542073 5823397 5146884 4747118 2450000 33333 4750000 3750000 16888957 14353848 X -6508425 -7821462 101033315 95173986 94524890 87352524 111413847 101706372 X -1615213 -5076865 656858 -1137146 X 0 1 X 1 1 1 X 40920068 34808643 25808679 29026680 31293131 161857201 14472677 11918084 8338498 0 8700522 43429781 55392745 46726727 34147177 29026680 39993653 205286982 25331823 18163174 5437584 5855857 12040375 66828813 0 25331823 18163174 5437584 5855857 12040375 66828813 138458169 1370932 4460113 2901927 64020 2150096 10947088 21454 19473 40927 1370932 4460113 2901927 85474 2169569 10988015 12545 12545 209419 179870 510484 3276613 5387703 9564089 56973096 51366710 37559588 32401312 47550925 225851631 0.61300 0.62210 0.04870 0.04690 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING - 2017 AMOUNT: $ 100,761. 2018 AMOUNT: $ 106,914. 2019 AMOUNT: $ 373,062. 2020 AMOUNT: $ 29,504. 2021 AMOUNT: $ 192,646. ERC TAX CREDIT - 2017 AMOUNT: $ 0. 2020 AMOUNT: $ 2,580,000. 2021 AMOUNT: $ 2,025,550. TMC FND ALLOC - 2017 AMOUNT: $ 0. 2020 AMOUNT: $ 372,621. 2021 AMOUNT: $ 2,927,218. LA MASTER CHORALE TESSITURA - 2017 AMOUNT: $ 0. 2020 AMOUNT: $ 236,465. MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 108,658. 2018 AMOUNT: $ 72,956. 2019 AMOUNT: $ 137,422. 2020 AMOUNT: $ 58,023. 2021 AMOUNT: $ 242,289. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29749102 3130000 -4993990 1154503 26730609 22395921 1080000 7321363 1048182 29749102 23115709 176800 115435 1012023 22395921 22537187 180000 1207745 829544 23095388 19190924 216512 1415258 -1714493 22537187 0.09350 0.90650 1 0 763843 670399 93444 8827459 7868543 958916 429242 399492 29750 1082110 MUSIC CTR FDTN UNITIZED INV PL 24230609 F 24230609 BENEFICIAL INT PERPETUAL TRUST 17868451 BENEFICIAL INT REMAINDER TRUST 19575163 37443614 X 40615264 -5076865 656858 -1137146 -5557153 46172417 0 46172417 47787630 0 47787630 0 47787630 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 2021, 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, 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN DISCOUNT TO RECOGNIZE PLEDGES AT PRESENT VALUE 386,005. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -1,523,151. X X X X X X X 1 SD&A TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING 0 0 143500 -143500 143500 -143500 CA 21/22 OPEN GALA 1304885 1185489 119396 136962 87419 519884 21/22 SPR GALA 2384423 2311173 73250 175520 229296 224336 3689308 3496662 192646 312482 316715 744220 1373417 -1180771 1 GIFTED SINGERS AWARD 1 20000 N/A GIFTED SINGERS AWARD 1 20000 N/A GIFTED SINGERS AWARD 1 20000 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 THREE 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 316655 0 22500 0 0 0 365700 0 16650 0 721505 0 0 0 JAMES CONLON EX.OFF.DIR. SEE SCH. J PT. III 541742 0 0 0 0 0 0 0 97393 0 639135 0 0 0 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 264414 0 93438 0 0 0 105700 0 0 0 463552 0 0 0 JILL BOYD VP, HUMAN RESOURCES 211871 0 0 0 0 0 0 0 12780 0 224651 0 0 0 JOSHUA WINOGRADE SENIOR DIRECTOR, ARTISITC 187258 0 0 0 0 0 3991 0 26894 0 218143 0 0 0 RUPERT HEMMINGS V.P., ARTISTIC PLANNING 190323 0 0 0 0 0 4299 0 19958 0 214580 0 0 0 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 190742 0 0 0 0 0 4065 0 7729 0 202536 0 0 0 PATRICIA MCLEOD SR. DIRECTOR DEVELOPMENT 153964 0 0 0 0 0 3528 0 15407 0 172899 0 0 0 CHUL PARK DIRECTOR, TECHNOLOGY SERVICES 144478 0 0 0 0 0 3218 0 15407 0 163103 0 0 0 KELLY TRAVIS OPERA HEAD, VIDEO 158036 0 0 0 0 0 0 0 0 0 158036 0 0 0 STACY C BRIGHTMAN V.P., ED. & COMM. ENGAGEMENT 142616 0 0 0 0 0 3318 0 5153 0 151087 0 0 0 PART I, LINE 7 NONFIXED PAYMENTS TWO INDIVIDUALS RECEIVED A DISCRETIONARY, NON-FIXED PAYMENT. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN (B). TWO INDIVIDUALS ALSO RECEIVED A DEFERRED DISCRETIONARY, NON-FIXED PAYMENT. THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN (C). FORM 990, SCHEDULE J, PART II TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2021 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. MARILYN ZIERING BOARD MEMBER OPERATIONS X 100000 33333 0 0 1 33333 X 6465 3526838 AVG VAL DATE DONATED 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THIS COLUMN REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. EACH INDIVIDUAL CONTRIBUTION MAY CONTAIN MORE THAN ONE ITEM. 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 BY ELECTRONIC OR OTHER MEANS. 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. A SIMILAR POLICY EXISTS, AND PROCESS IS CONDUCTED, WITH KEY EMPLOYEES WITH A QUESTIONNAIRE SUBMITTED TO THE DIRECTOR OF HUMAN RESOURCES. 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, AND OTHER KEY EMPLOYEES: " PRESIDENT AND CHIEF EXECUTIVE OFFICER " 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 FEBRUARY 16, 2022 WHICH REVIEWED AND APPROVED COMPENSATION PACKAGES FOR THE FISCAL YEAR ENDED JUNE 30, 2022. 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 PERPETUAL TRUST -1,523,151. CHANGE IN DISCOUNT TO RECOGNIZE PLEDGES AT PRESENT VALUE 386,005.