2022-08-11T12:20:27-05:00 2021-09-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2020-10-01 850131810 THE SANTA FE OPERA SANT 5059865955 PO BOX 2408 SANTA FE NM 87504 HEATHER KEMP CHIEF FINANCIAL OFFICER 5059865955 2022-01-20 1 HEATHER KEMP XXX-XX-XXXX PAMELA ALEXANDERSON P01218925 5058787200 2022-03-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID HENRY JACOB PO BOX 2408 SANTA FE NM 87504 69091543 0 X HTTPS://WWW.SANTAFEOPERA.ORG/ X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 44 44 446 971 242136 0 20811936 42939303 134705 5910498 3660541 9246125 -69798 480848 24537384 58576774 0 0 0 0 8650637 11621063 0 0 2115408 7735486 15162623 16386123 26783686 8151261 31793088 137539221 178454896 4590284 5415430 132948937 173039466 X TO FURTHER THE OPERATIC ART FORM BY PRESENTING ENSEMBLE PERFORMANCES OF THE HIGHEST QUALITY IN A VARIED REPERTOIRE OF NEW AS WELL AS RARELY PERFORMED AND STANDARD WORKS, TO ENSURE EXCELLENCE OF OPERA'S FUTURE THROUGH ITS APPRENTICE PROGRAMS FOR ARTISTS, TECHNICIANS AND ARTS ADMINISTRATORS, AND TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION FOR OPERA IN THE COMMUNITY BY OUTREACH TO A DIVERSE PUBLIC. 0 0 19076732 5907900 ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. AFTER THE CANCELLATION OF THE 2020 SEASON DUE TO STATE PUBLIC HEALTH ORDERS LIMITING MASS GATHERINGS AND PUBLIC PERFORMANCES, THE 2021 OPERA SEASON RETURNED WITH LIMITED SEATING AND A MODIFIED SEASON. THERE WERE APPROXIMATELY 39,648 ATTENDEES OF THE 2021 SEASON IN THE THEATER, AND AN ADDITIONAL 455 ATTENDEES AT SIMULCASTS OF THE OPERA SHOWN IN THE PARKING LOT OF THE CROSBY THEATER. THE 2021 SEASON INCLUDED A TOTAL OF 27 PERFORMANCES OF FOUR FULLY STAGED OPERAS, INCLUDING: "THE MARRIAGE OF FIGARO" BY WOLFGANG AMADEUS MOZART; THE WORLD PREMIERE OF "THE LORD OF CRIES," COMPOSED BY JOHN CORIGLIANO WITH LIBRETTO BY MARK ADAMO; "EUGENE ONEGIN," COMPOSED BY PYOTR ILYICH TCHAIKOVSKY; AND "A MIDSUMMER NIGHT'S DREAM," COMPOSED BY BENJAMIN BRITTEN. IN ADDITION, THERE WERE TWO PERFORMANCES OF APPRENTICE SCENES PERFORMED BY THE SANTA FE OPERA SINGING APPRENTICES AND DESIGNED AND CREATED BY THE SANTA FE OPERA TECHNICAL APPRENTICES. FAMED SOPRANO ANGEL BLUE ALSO PERFORMED A CONCERT ON THE SANTA FE OPERA STAGE FEATURING SANTA FE SINGING APPRENTICES AS WELL AS BARITONE LUCAS MEACHEM. 738608 43408 THE SANTA FE OPERA'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS WERE MODIFIED THIS YEAR FOLLOWING PUBLIC HEALTH ORDERS ISSUED IN MARCH 2020. DURING THE OPERA'S 2021 FISCAL YEAR, 58,593 INDIVIDUALS WERE SERVED IN-PERSON AND VIRTUALLY, INCLUDING 845 ADULTS AND 1,025 YOUTHS IN-PERSON. DURING THE FALL OF 2019, THE OPERA PRODUCED THE WORLD PREMIERE OF THE INAUGURAL COMMISSION OF ITS OPERA FOR ALL VOICES PROGRAM, "SWEET POTATO KICKS THE SUN," COMPOSED BY AUGUSTA READ THOMAS WITH LIBRETTO BY LESLIE DUNTON-DOWNER. IN THE FALL OF 2020 A WORKSHOP PERFORMANCE OF THE THIRD COMMISSION, "THIS LITTLE LIGHT OF MINE/IS THIS AMERICA?" COMPOSED BY CHANDLER CARTER WITH A LIBRETTO BY DIANA SOLOMON-GLOVER FEATURING KEY MOMENTS FROM THE VOTING RIGHTS ACTIVIST FANNIE LOU HAMER WAS PRESENTED IN RED HOOK, BROOKLYN ON THE MOORED MARY K. WHALEN. THE PIECE WAS SUBSEQUENTLY PERFORMED BY STUDENTS AT FLORIDA INTERNATIONAL UNIVERSITY. BOTH PRESENTATIONS WERE STREAMED DIGITALLY. OTHER DIGITAL PROGRAMMING INCLUDED THE DEVELOPMENT OF A VIRTUAL BACKSTAGE TOUR AND HOLIDAY CONCERT FILMED IN THREE HISTORIC NEW MEXICO CHURCHES. OTHER PROGRAMS, MANY OF WHICH REMAINED ON A DIGITAL FORMAT, INCLUDE THE FOLLOWING: - "THE PUEBLO OPERA PROGRAM," WHICH TYPICALLY SERVES 19 PUEBLOS AND 3 RESERVATIONS. - STUDENTS IN ELEMENTARY AND MIDDLE SCHOOL WHO PARTICIPATE IN THE "ACTIVE LEARNING THROUGH OPERA" PROGRAM WORK WITH ARTISTS-IN-RESIDENCE TO EXPLORE LEARNING THROUGH THE PERFORMING ARTS, OFTEN WRITING, PRODUCING, AND PERFORMING THEIR OWN OPERAS BOTH IN-SCHOOL AND AFTER SCHOOL ALONGSIDE TEACHERS RECEIVING PROFESSIONAL DEVELOPMENT IN ARTS INTEGRATION. - YOUNG VOICES AND YOUNG TECHNICIANS HIGH SCHOOL MASTERY PROGRAMS. - "OPERA MAKES SENSE," A CURATED INTRODUCTION FOR THREE- TO FIVE-YEAR-OLDS EXPLORING MUSIC THROUGH THEIR SENSES 19815340 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 130 0 1 446 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM NY X X THE ORGANIZATION 5059865955 301 OPERA DRIVE SANTA FE NM 87506 SUSAN G MARINEAU CHAIRMAN 5.00 X X 0 0 0 FREDERICK R HAAS VICE CHAIRMAN 5.00 X X 0 0 0 DAVID HENRY JACOBS PRESIDENT 5.00 X X 0 0 0 ROBERT VLADEM FIRST VICE PRESIDENT 5.00 X X 0 0 0 SARAH BILLINGHURST SOLOMON VICE PRESIDENT 5.00 X X 0 0 0 DANNEHL TWOMEY VICE PRESIDENT 5.00 X X 0 0 0 EUGENE STARK JR VICE PRESIDENT 5.00 X X 0 0 0 LYNN J LOACKER TREASURER 5.00 X X 0 0 0 BRUCE CHEMEL SECRETARY 5.00 X X 0 0 0 MEG BOULWARE DIRECTOR 1.00 X 0 0 0 DR JENNE K BRITELL DRIECTOR (THROUGH NOVEMBER 2020) 1.00 X 0 0 0 JOSEPH M BRYAN JR DIRECTOR 1.00 X 0 0 0 J BRUCE BUGG JR DIRECTOR 1.00 X 0 0 0 ERIN BUNKLEY DRIECTOR (THROUGH NOVEMBER 2020) 1.00 X 0 0 0 SUSAN ESCO CHANDLER DIRECTOR 1.00 X 0 0 0 RICHARD H DAVIS DIRECTOR 1.00 X 0 0 0 EIVIND DJUPEDAL DIRECTOR 1.00 X 0 0 0 NANCIE DOMINIC DIRECTOR 1.00 X 0 0 0 REBECCA J DUNCAN DIRECTOR 1.00 X 0 0 0 DAVID F ERTEL DIRECTOR 1.00 X 0 0 0 KRISTINA J FLANAGAN DIRECTOR 1.00 X 0 0 0 A CHARLES FORTE DIRECTOR 1.00 X 0 0 0 PETER B FRANK DIRECTOR 1.00 X 0 0 0 EDWARD T GARCIA DIRECTOR 1.00 X 0 0 0 CHESTER A GOUGIS DIRECTOR 1.00 X 0 0 0 GUY L GRONQUIST DIRECTOR 1.00 X 0 0 0 ANN SHILLING HARRISON DIRECTOR 1.00 X 0 0 0 JOHN M HAUPERT DIRECTOR 1.00 X 0 0 0 DAVID K INGALLS DIRECTOR (THROUGH AUGUST 2021) 1.00 X 0 0 0 DR WALTER L KIRCHNER DIRECTOR 1.00 X 0 0 0 MIRANDA Y LIND DIRECTOR 1.00 X 0 0 0 DR JAMES L LOWRY DIRECTOR (THROUGH AUGUST 2021) 1.00 X 0 0 0 LIDDIE MARTINEZ DIRECTOR 1.00 X 0 0 0 CYNTHIA MCCREARY DIRECTOR 1.00 X 0 0 0 STEVE MENZIES DIRECTOR 1.00 X 0 0 0 CHARLES MOORE DIRECTOR 1.00 X 0 0 0 SUSAN MORRIS DIRECTOR 1.00 X 0 0 0 GLENN OSTERGAARD DIRECTOR 1.00 X 0 0 0 ESTEVAN RAEL-GALVEZ DIRECTOR 1.00 X 0 0 0 ROBERTA COOPER RAMO DIRECTOR 1.00 X 0 0 0 CAREY RAMOS DIRECTOR 1.00 X 0 0 0 JOHN RIZZO DIRECTOR 1.00 X 0 0 0 BRUCE ROSS DIRECTOR 1.00 X 0 0 0 JAMES SEITZ JR DIRECTOR 1.00 X 0 0 0 HARRIS SMITH DIRECTOR 1.00 X 0 0 0 IRWIN SUGARMAN DIRECTOR 1.00 X 0 0 0 T PETER TOWNSEND DIRECTOR 1.00 X 0 0 0 ROBERT TURNER DIRECTOR 1.00 X 0 0 0 ROBERT MEYA GENERAL DIRECTOR 40.00 X 479942 0 37008 HEATHER KEMP CHIEF FINANCIAL OFFICER 40.00 X 188862 0 17928 BRADLEY WOOLBRIGHT DIR OF ARTISTIC ADMIN (THRU DEC 2020) 40.00 X 206590 0 18808 ALLISON SWENSON DIRECTOR OF DEVELOPMENT 40.00 X 150108 0 6750 ALEXANDER NEEF ARTISTIC DIRECTOR 20.00 X 150000 0 0 HARRY BICKET MUSIC DIRECTOR 20.00 X 171346 0 0 CHRISTOPHER HUFNAGEL DIRECTOR OF OPERATIONS 40.00 X 122503 0 5625 LIZ KELLOGG DIRECTOR OF HUMAN RESOURCES 40.00 X 117173 0 14799 MICHAEL GARY DIRECTOR OF INSTITUTIONAL GIVING 40.00 X 139598 0 15702 1726122 0 116620 13 0 1 0 SANTA FE STUCCO AND ROOFING 3600 CERILLOS ROAD SUITE 101 SANTA FE NM 87507 CONSTRUCTION 221867 SUBSTRAKT 21 VICTORIA WORKS VICTORIA STREET BIRMINGHAM UK WEBSITE CONSTRUCTION SERVICES 129589 TESSITURA NETWORK PO BOX 222234 DALLAS TX 752222234 SOFTWARE SUBSCRIPTION, WEBSITE SERVICE 109541 MARK WIPF LLC 13232 SILVER PEAK PINE ALBUQUERQUE NM 87111 NETWORK ADMINISTRATION 107281 COMMUNITY COUNSELING SERVICE COMPANY PO BOX 824885 PHILADELPHIA PA 191824885 ENDOWMENT CAMPAIGN CONSULTING 105000 5 561904 5559337 36818062 2240285 42939303 PERFORMANCE ADMISSIONS 711110 5441756 5441756 AUXILIARY OPERATIONS 711110 468742 453651 15091 5910498 1815426 1106 1814320 469852 17676 465209 590 4643 17086 21729 21729 10953797 6262215 7335346 2449967 3618451 3812248 7430699 7430699 32220 561904 39716 -7496 -7496 257175 223941 33234 55901 -22667 ADVERTISING REVENUE 511120 170121 170121 SPONSORSHIP REVENUE 611710 78485 78485 184775 184775 433381 58576774 5951308 242136 9444027 X 993963 255126 390359 348478 8619623 6619411 1190440 809772 130016 88488 27016 14512 952704 634314 190444 127946 924757 716382 113933 94442 243140 243140 45227 45227 13013 13013 186155 186155 5899688 4809068 797003 293617 306812 305038 497 1277 724530 385604 125010 213916 348002 162086 126984 58932 179514 179514 757672 617350 101891 38431 1904794 1861412 26826 16556 224 224 6056 4073 1721 262 48227 48227 2465905 1550282 913984 1639 349131 113040 236091 SETS, PROPS, AND COSTUM 1149387 1149387 COMP TICKETS 163286 133284 10329 19673 CULTIVATION, MEALS, AND 148290 53196 36327 58767 GROSS RECEIPTS/INCOME T 14189 14189 209381 178285 13908 17188 26783686 19815340 4852938 2115408 5408757 4412245 17050702 18633085 475804 476188 149565 134042 2140770 1546508 83297610 36439634 50670853 46857976 56109120 96785699 5061250 9166753 472400 442400 137539221 178454896 790550 938321 1154587 460248 2451379 193768 4016861 4590284 5415430 X 58254700 62762834 74694237 110276632 132948937 173039466 137539221 178454896 X 31793088 8127911 169530 X 0 1 X 1 1 1 X 10272466 13615475 16598307 20811936 15939303 77237487 10272466 13615475 16598307 20811936 15939303 77237487 12603956 64633531 1732297 2100539 2195944 1939048 2301848 10269676 75580 103252 188923 532 0 368287 87875450 41331786 0.73550 0.71360 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST FROM TRUST AMOUNT: 27000000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 13013 13013 24655266 24668279 1000000 250000 0 0 1000000 1000000 868502 1000000 3868502 5802753 24966 23148 13013 13013 74140 250000 250000 217126 250000 967126 1450689 FORM 990; SCHEDULE C, PART II-A, LINE 1 THE OPERA RETAINED A LOBBYIST TO CONSULT ON LEGISLATIVE MATTERS OF CONCERN TO THE OPERA. 74047477 33937163 13335911 2296085 119024466 63127283 7939123 3999588 1018517 74047477 61352828 3348321 1337118 2910984 63127283 54922665 5970157 3281489 2821483 61352828 51985757 -139001 5519458 2443549 54922665 0.10700 0.85500 0.03800 0 0 4048930 4048930 69890184 30152499 39737685 9358496 6287135 3071361 46857976 TIFF REAL ESTATE 101334 F AEW CORE PROPERTY TRUST INC FUND 9065419 F 9166753 ANNUITIES PAYABLE 176748 REFUNDABLE ADVANCE 3840113 4016861 X 67398723 8127911 21513 858680 9008104 58390619 186155 186155 58576774 27308194 21513 689150 710663 26597531 186155 186155 26783686 PART V, LINE 4: TO PRODUCE A RELATIVELY PREDICTABLE AND STABLE INCOME STREAM TO GROW AND TO SUPPORT PRESENT AND FUTURE PROGRAMS. PART X, LINE 2: THE OPERA HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE OPERA RECOGNIZES THE TAX (BENEFIT) EXPENSE FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX (BENEFIT) EXPENSE IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE OPERA HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2021 OR 2020. THE OPERA FILES AN EXEMPT ORGANIZATION RETURN WITH THE INTERNAL REVENUE SERVICE (IRS). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. THE OPERA HAD MINIMAL TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 169,530. RENTAL EXPENSE 465,209. COST OF GOODS SOLD INVENTORY 223,941. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 465,209. COST OF GOODS SOLD INVENTORY 223,941. SUMMER GALA 594124 561904 32220 39716 594124 561904 32220 39716 39716 -7496 X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 ROBERT MEYA GENERAL DIRECTOR 350000 0 0 0 129942 0 9750 0 27258 0 516950 0 0 0 BRADLEY WOOLBRIGHT DIR OF ARTISTIC ADMIN (THRU DEC 2020) 196965 0 0 0 9625 0 9409 0 9399 0 225398 0 0 0 HEATHER KEMP CHIEF FINANCIAL OFFICER 188862 0 0 0 0 0 8529 0 9399 0 206790 0 0 0 HARRY BICKET MUSIC DIRECTOR 171346 0 0 0 0 0 0 0 0 0 171346 0 0 0 ALLISON SWENSON DIRECTOR OF DEVELOPMENT 150000 0 0 0 108 0 6750 0 0 0 156858 0 0 0 MICHAEL GARY DIRECTOR OF INSTITUTIONAL GIVING 139598 0 0 0 0 0 6303 0 9399 0 155300 0 0 0 PART I, LINE 1A THE SANTA FE OPERA OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE OPERA'S FACILITIES. THE CLOSE PROXIMITY OF THE RESIDENCE AND THE GENERAL DIRECTOR'S LIVING THEREIN HAVE IMPORTANT BENEFITS FOR THE OPERA. THE GENERAL DIRECTOR IS THEREBY AVAILABLE ON SHORT NOTICE FOR IMPORTANT BUSINESS ON THE OPERA GROUNDS AS WELL AS IS ABLE TO ENTERTAIN AND MEET WITH THE OPERA'S GUESTS, ARTISTIC PARTNERS AND STAFF. THE GENERAL DIRECTOR, AS A CONDITION OF EMPLOYMENT, IS REQUIRED BY THE OPERA TO RESIDE IN THE GENERAL DIRECTOR'S RESIDENCE. THE SANTA FE OPERA REPORTS TO THE INTERNAL REVENUE SERVICE AS COMPENSATION TO THE GENERAL DIRECTOR ADDITIONAL TAXABLE INCOME FOR THE FAIR MARKET RENTAL VALUE AND UTILITY COSTS OF THE PREMISES. THE OPERA HAS AGREED TO REIMBURSE THE GENERAL DIRECTOR FOR ANY OUT-OF-POCKET COSTS INCURRED DURING THE USE OF THE GENERAL DIRECTOR'S RESIDENCE FOR OPERA BUSINESS. DETAILED RECORDS ARE REQUIRED TO BE MAINTAINED OF THE OPERA'S OFFICIAL USE OF THE RESIDENCE AND SUBMITTED TO THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER. THE TAX INDEMNIFICATION AND GROSS UP PAYMENTS REPRESENT THE TAX PAID BY THE OPERA, AND INCLUDED IN ROBERT MEYA'S W-2, TO COVER THE TAX ON THE HOUSING ALLOWANCE. THE HOUSING IS VALUED AT $84,000, AND THE GROSS-UP IS VALUED AT $56,702. IN ADDITION, THE GENERAL DIRECTOR TOOK ONE FIRST-CLASS FLIGHT DURING THE FISCAL YEAR; HE DID NOT FEEL COMFORTABLE TRAVELING IN COACH FOR A REQUIRED WORK TRIP DURING THE PANDEMIC. THIS WAS NOT TREATED AS TAXABLE COMPENSATION. X 26 2190447 AVG HI & LOW PRICE/SHARE X TICKET CONTRIBUTIONS 79 48877 FAIR MARKET VALUE X COMPUTER EQUIPMENT 1 961 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 ALL REGULAR MEMBERS OF THE BOARD (EXCLUDING HONORARY MEMBERS, DIRECTORS EMERITUS, AND EX-OFFICIO MEMBERS WHO HAVE NO VOTING RIGHTS) HAVE THE SAME VOTING RIGHTS. IN BETWEEN QUARTERLY BOARD MEETINGS, THE EXECUTIVE COMMITTEE OF THE BOARD IS VESTED WITH THE POWER OF THE BOARD OF DIRECTORS WITH THE FOLLOWING EXCEPTIONS: THE POWER TO DISSOLVE OR MERGE THE OPERA WITH ANOTHER ORGANIZATION, THE POWER TO CHANGE THE NAME OF THE OPERA, THE POWER TO CHANGE THE BYLAWS OF THE OPERA, THE POWER TO DELEGATE ITS AUTHORITY, THE POWER TO REMOVE THE GENERAL DIRECTOR OR ANY OTHER DIRECTOR, AND THE POWER TO SELL REAL PROPERTY VALUED OVER $2.5 MILLION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS OF THE SANTA FE OPERA HAS ADOPTED A RESOLUTION APPROVING A PROCESS BY WHICH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FULL VERSION OF FORM 990, INCLUDING ALL SCHEDULES AS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. AFTER REVIEW AND ANY MODIFICATION BY THE AUDIT COMMITTEE, FORM 990 IS FILED WITH THE IRS, AND THE PUBLIC DISCLOSURE VERSION OF FORM 990, EXCLUDING SCHEDULE B (SCHEDULE OF CONTRIBUTORS), IS POSTED TO THE PORTAL AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS. SCHEDULE B OF FORM 990 IS NOT REVIEWED BY THE FULL BOARD DUE TO THE CONFIDENTIAL AND PRIVATE NATURE OF ITS DONOR LIST. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS OF THE SANTA FE OPERA ARE ASKED EACH YEAR TO SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND TO SUBMIT THESE SIGNED STATEMENTS TO THE SECRETARY OF THE BOARD OF DIRECTORS. BY SIGNING THE ANNUAL DISCLOSURE STATEMENTS, EACH DIRECTOR UNDERTAKES TO NOTIFY THE PRESIDENT OF THE OPERA OF ANY MATERIAL CHANGES THAT MIGHT RESULT IN A CONFLICT OF INTEREST. THE PRESIDENT REVIEWS THE SIGNED DISCLOSURE STATEMENTS FOR CONFLICTS AND, WITH THE ASSISTANCE OF COMMITTEE CHAIRS, MONITORS COMPLIANCE WITH THE POLICY AT MEETINGS OF THE BOARD AND COMMITTEES CONSIDERING TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. THE SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPLIANCE WITH THIS POLICY IS MONITORED BY THE AUDIT COMMITTEE. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. THERE HAVE BEEN NO INCIDENCES OF CONFLICT DURING THE REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPOSED OF THE PRESIDENT, CHAIRMAN, TREASURER, AND TWO ADDITIONAL BOARD MEMBERS APPOINTED BY THE PRESIDENT, ALL OF WHOM ARE UNRELATED TO THE GENERAL DIRECTOR, REVIEWS AND APPROVES COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE GENERAL DIRECTOR. IN CONSIDERING APPROPRIATE COMPENSATION FOR THIS POSITION, THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR COMPARABLE POSITIONS AT SIMILAR OPERA COMPANIES. THE COMPENSATION COMMITTEE ALSO CONDUCTS ANNUAL REVIEWS OF THE PERFORMANCE OF THE GENERAL DIRECTOR. MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE RECORDED AND MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPENSATION FOR THE CHIEF FINANCIAL OFFICER IS DETERMINED BY THE GENERAL DIRECTOR. THE GENERAL DIRECTOR TAKES JOB PERFORMANCE AND SALARY DATA FOR COMPARABLE POSITIONS AT OTHER OPERA COMPANIES INTO ACCOUNT WHEN SETTING THE ANNUAL SALARY FOR THE CHIEF FINANCIAL OFFICER. THE COMPENSATION COMMITTEE REVIEWS THE SALARIES FOR ALL MEMBERS OF THE LEADERSHIP TEAM, COMPARING THE SALARIES TO COMPENSATION FOR SIMILAR POSITIONS AT OTHER OPERA COMPANIES. THIS PROCESS WAS LAST COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICES OF THE SANTA FE OPERA. THEY ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC WHO MAKE WRITTEN REQUESTS FOR THE INFORMATION. FORM 990, PART IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 1,681,512. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,681,512. TEACHING/TEACHING ARTIST FEES: PROGRAM SERVICE EXPENSES 252,394. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252,394. OTHER CONTRACT LABOR: PROGRAM SERVICE EXPENSES 2,875,162. MANAGEMENT AND GENERAL EXPENSES 797,003. FUNDRAISING EXPENSES 293,617. TOTAL EXPENSES 3,965,782. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 169,530. SIMULTEXT SYSTEMS LLC PO BOX 2408 SANTA FE NM 87504 LICENSING OF IP NM 0 0 THE SANTA FE OPERA OPERA ASSOCIATION OF NEW MEXICO LLC PO BOX 2408 SANTA FE NM 87504 TO SECURE THE OPERA'S ORIGINAL NAME NM 0 0 THE SANTA FE OPERA