2021-03-26T15:07:25-05:00 2020-08-31 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2019-09-01 310549044 Cincinnati Opera Association Inc CINC 5137685500 1243 Elm St Music Hall Cincinnati OH 45202 Christopher Milligan General Director & CEO 5137685500 2021-03-22 1 Paula Hume P00537516 5132418313 2019 2022-09-23 18:48:47Z Christopher Milligan 1243 Elm St Music Hall Cincinnati OH 45202 8870207 0 X www.cincinnatiopera.org X 1935 OH To enrich and connect the community through diverse opera experiences. 72 72 199 150 71851 0 5476598 4272301 1657832 112280 2899433 420694 143378 258442 10177241 5063717 0 0 0 0 5624950 3987982 0 0 884673 3517894 2196185 9142844 6184167 1034397 -1120450 38807770 40351951 3995914 3721683 34811856 36630268 X The second oldest opera company in America, Cincinnati Opera presents dynamic opera productions every summer in Cincinnati's historic Music Hall. Cincinnati Opera is dedicated to educating, entertaining, and inspiring audiences by presenting opera performances, school tours, and community programs for adults and children that meet the highest standards of artistic excellence. 0 0 4185972 112280 Fiscal Year 2020 - The Season that Wasn't - Cincinnati Opera is only the second opera company in the U.S. to turn 100, and our 100th Anniversary Season was poised to make history. But fate had other plans: a near-complete shutdown of all performing arts activities throughout Cincinnati and the nation due to the rapid spread of the novel coronavirus. On April 15, Cincinnati Opera's Board of Trustees made the difficult decision to cancel our 2020 Summer Festival. While we mourn the lost 2020 season, we affirm our commitment to the planned projects and are pleased to share that these will be performed in future seasons. The summer of 2020 was not what we planned, but as we pivoted to producing virtual performances and events, we discovered new ways to inspire and bring joy through the amazing art form of opera.Also, sincere thanks to the many generous individuals who supported Cincinnati Opera's 2020 Artist Relief Fund. This fund provided important relief to more than 300 artists and artisans whose livelihoods were affected by our season cancellation. 4185972 1 1 0 0 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 1 212 0 1 199 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 72 72 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X Michael J Veroni 5137685502 1243 Elm Street Cincinnati OH 45202 X Liz Kathman Grubow President 8.00 X X 0 0 0 Gary T Doc Huffman Chairman 4.00 X X 0 0 0 Alva Jean Crawford Secretary 4.00 X X 0 0 0 Otto M Budig Jr Treasurer 4.00 X X 0 0 0 Boris Auerbach Vice President 4.00 X X 0 0 0 Angela Powell Walker Vice President - Start 9/23 4.00 X X 0 0 0 Anne Zaring Vice President 4.00 X X 0 0 0 Barbara Hahn Vice President 4.00 X X 0 0 0 Charlin Briggs Vice President 4.00 X X 0 0 0 David Motch Vice President 4.00 X X 0 0 0 Donald E Hoffman Vice President 4.00 X X 0 0 0 Dorothy Anne Blatt Vice President 4.00 X X 0 0 0 Edward B Silberstein MD Vice President 4.00 X X 0 0 0 James Stapleton Vice President 4.00 X X 0 0 0 James T Fitzgerald Vice President 4.00 X X 0 0 0 Jeannine Winkelmann Vice President 4.00 X X 0 0 0 John M Tew Jr MD Vice President 4.00 X X 0 0 0 Judith Coleman Kinebrew Vice President - Start 9/23 4.00 X X 0 0 0 Kevin C Jones Vice President 4.00 X X 0 0 0 Melanie M Chavez Vice President 4.00 X X 0 0 0 Michael L Cioffi Vice President 4.00 X X 0 0 0 Michael Marrero Vice President 4.00 X X 0 0 0 Murray Sinclaire Jr Vice President 4.00 X X 0 0 0 Robert Bitter Vice President 4.00 X X 0 0 0 Robert W Olson Vice President 4.00 X X 0 0 0 Ronald T Bates Vice President - Start 9/23 4.00 X X 0 0 0 Ronna K Willis Vice President 4.00 X X 0 0 0 Alexander Donath MD Trustee 2.00 X 0 0 0 Amber Kincaid Trustee - Start 9/23 2.00 X 0 0 0 Anne Jaroszewicz Trustee - Start 9/23 2.00 X 0 0 0 Bradbury Skidmore MD Trustee 2.00 X 0 0 0 Brian Tiffany Trustee - Start 9/23 2.00 X 0 0 0 Candace Cioffi Trustee 2.00 X 0 0 0 Catharina Toltzis PhD Trustee 2.00 X 0 0 0 Christine E Neyer Trustee 2.00 X 0 0 0 Cora Ogle PhD Trustee 2.00 X 0 0 0 Denise Revely Trustee 2.00 X 0 0 0 Doug Ignatius Trustee 2.00 X 0 0 0 Douglas Skidmore Trustee 2.00 X 0 0 0 Elaine Billmire MD Trustee 2.00 X 0 0 0 Eric Dauer Trustee - Start 9/23 2.00 X 0 0 0 Flavia Bastos PhD Trustee - Start 9/23 2.00 X 0 0 0 G James Sammarco MD Trustee - Start 9/23 2.00 X 0 0 0 Harry Santen Trustee 2.00 X 0 0 0 Jennifer Bellin Trustee 2.00 X 0 0 0 Julia B Meister Trustee 2.00 X 0 0 0 Julie Grady Heard Trustee 2.00 X 0 0 0 Julie McConihay Trustee - Start 9/23 2.00 X 0 0 0 Katie Lanni Trustee - Start 9/23 2.00 X 0 0 0 Kathleen Ball Trustee 2.00 X 0 0 0 Lynn Larson Trustee 2.00 X 0 0 0 Mario Zuccarello MD Trustee 2.00 X 0 0 0 Mark Schroer MD Trustee 2.00 X 0 0 0 Mary Ann Boorn Trustee 2.00 X 0 0 0 Mary Ann Taylor Trustee 2.00 X 0 0 0 Maya LaLonde Trustee - Start 9/23 2.00 X 0 0 0 Mona Kerstine Trustee 2.00 X 0 0 0 Nanci Wilks Lanni Trustee 2.00 X 0 0 0 Peg Wyant Trustee 2.00 X 0 0 0 Peter Courlas Trustee 2.00 X 0 0 0 Ralph Giannella MD Trustee 2.00 X 0 0 0 Renu Kotwal MD Trustee 2.00 X 0 0 0 Ruthann Sammarco Trustee - Start 9/23 2.00 X 0 0 0 Ryan Bergstrom Trustee - Start 9/23 2.00 X 0 0 0 Ryan Messer Trustee 2.00 X 0 0 0 Shelia Cole Trustee 2.00 X 0 0 0 Sid Khosla MD Trustee 2.00 X 0 0 0 Stanford T Williams Jr Trustee 2.00 X 0 0 0 Susan Strick MD Trustee 2.00 X 0 0 0 Suzanne Hasl Trustee - Start 9/23 2.00 X 0 0 0 Thaddeus H Driscoll Trustee 2.00 X 0 0 0 Vivienne Carlson Trustee 2.00 X 0 0 0 Barbara Hummel Trustee - Left 9/30 2.00 X 0 0 0 Cathy Crain Vice President - Left 9/30 4.00 X X 0 0 0 Jonathan McCann Vice President - Left 9/30 4.00 X X 0 0 0 Joseph E Brinkmeyer Vice President - Left 9/30 4.00 X X 0 0 0 Richard I Lauf PhD Vice President - Left 9/30 4.00 X X 0 0 0 Christopher Baucom Trustee - Left 9/30 2.00 X 0 0 0 Cynthia Starr Trustee - Left 9/30 2.00 X 0 0 0 Daniel Cunningham Trustee - Left 9/30 2.00 X 0 0 0 Jane Votel Trustee - Left 9/30 2.00 X 0 0 0 Litsa Spanos Trustee - Left 9/30 2.00 X 0 0 0 Nydia Tranter Trustee - Left 9/30 2.00 X 0 0 0 John G Earls Trustee - Left 9/30 2.00 X 0 0 0 Pamela Spangler Reis Trustee - Left 9/30 2.00 X 0 0 0 Penny Pensak Trustee - Left 9/30 2.00 X 0 0 0 Peter Stambrook PhD Trustee - Left 9/30 2.00 X 0 0 0 Russell Shelton Trustee - Left 9/30 2.00 X 0 0 0 Thomas F Boat MD Trustee - Left 9/30 2.00 X 0 0 0 Vicki Alpaugh Trustee - Left 9/30 2.00 X 0 0 0 Sally Connelly Trustee - Left 9/30 2.00 X 0 0 0 Patricia K Beggs General Director & CEO 50.00 X 267488 0 20762 Christopher A Milligan Managing Director 50.00 X 131008 0 15977 Michael J Veroni CFO 50.00 X 150508 0 15269 Sneja Tomassian Chief Advancement Officer 50.00 X 134174 0 15664 Evans J Mirageas Artistic Director 50.00 X 199103 0 16128 Glenn L Plott Director of Production 50.00 X 127982 0 14885 1010263 0 98685 6 0 1 0 Cincinnati Symphony Orchestra 1241 Elm Street Cincinnati OH 45202 Orchestra 735520 Terra Firma - Reinhold LLC 6281 Tri-Ridge Blvd Loveland OH 45140 Warehouse Rent 317445 Anthem Blue Cross & Blue Shield PO Box 105673 Atlanta GA 303485673 Health Insurance 229250 PNC Bank PO Box 856177 Louisville KY 40285 Credit Cards 183298 Cincinnati Arts Association 650 Walnut Street Cincinnati OH 45202 Production personnel, rent 168434 5 738900 162772 787950 2582679 202969 4272301 Set Rental Income 711190 70523 70523 Education Outreach 711190 26980 26980 Event Revenue 711190 12759 12759 Merchandise Income 711190 2018 2018 112280 806800 2128 804672 3294543 3680649 -386106 -386106 69723 -455829 197494 162772 125841 71653 71653 COVID Lease Concession 900099 150349 150349 Miscellaneous 900099 27440 27440 Shared Services 900099 9000 9000 186789 5063717 112280 71851 607285 966081 215231 340729 410121 2616839 2259253 181020 176566 27422 21604 4315 1503 176816 110748 34921 31147 200824 127579 37753 35492 22153 19938 2215 28675 28675 2000 680 660 660 184249 151868 32381 81819 18187 56651 6981 105281 73697 15792 15792 514811 469744 36054 9013 72263 46402 23054 2807 21627 2003 17621 2003 87650 73797 13853 52291 41832 7844 2615 Executive Coaching 247667 81730 84207 81730 Other expenses 224090 13505 134723 75862 Production & Artistic 170353 170353 Education programs 137303 137303 243953 150518 93435 6184167 4185972 1113522 884673 22905 757888 2473520 1885496 178036 169540 262585 266226 10146750 6739936 3705301 3406814 21376925 22646744 8971249 9590351 1803111 1617878 14138 11014 38807770 40351951 344148 190699 49512 168344 3602254 3362640 3995914 3721683 X 9687084 10114216 25124772 26516052 34811856 36630268 38807770 40351951 -1120450 2938862 0 X X 0 1 X 1 0 X 6197604 4355198 4026516 5476598 4272301 24328217 6197604 4355198 4026516 5476598 4272301 24328217 3516842 20811375 897383 840054 1046698 803845 806800 4394780 11835 83077 389349 0 484261 29207258 7000582 0.71250 0.68450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21376927 231957 2212930 1175070 22646744 22196411 60545 752685 1632714 21376927 21678306 54492 1064438 600825 22196411 21288725 1556912 1167331 21678306 20292045 1836858 690229 1530407 21288725 0.36000 0.64000 1 0 4746749 4746749 0 1567527 1515819 51708 3832474 477368 3355106 3406814 Beneficial Interest in Assets 9590351 F 9590351 Lease Liability 3362640 3362640 X 8066843 2938861 19714 44551 3003126 5063717 0 5063717 6248432 19714 125841 145555 6102877 81290 81290 6184167 Part V, Line 4: Endowment funds are invested in accordance with an Investment Policy approved by the Board of Trustees and its Investment Committee. A portion of the Opera's endowment fund is restricted by donor stipulation. Limited distributions from unrestricted endowment funds are made to support operations in accordance with an annual spending rate approved by the Board. Part X, Line 2: The Opera is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of Ohio Law. However, the Opera is subject to federal income tax on any unrelated business income. The Opera's IRS Form 990 is subject to review and examination by federal and state authorities. The Opera believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Special Event Expense 125,841. Loss on Uncollectible Pledges -81,290. Part XII, Line 2d - Other Adjustments: Special Event Expense 125,841. Part XII, Line 4b - Other Adjustments: Loss on Uncollectible Pledges 81,290. Opera Gala 360266 162772 197494 9774 26174 63775 7175 18943 360266 162772 197494 9774 26174 63775 7175 18943 125841 71653 X 1 0 X X X X 0 0 0 0 0 1 0 0 0 Patricia K Beggs General Director & CEO 247545 0 19943 0 0 0 7780 0 12982 0 288250 0 0 0 Michael J Veroni CFO 115169 0 35000 0 339 0 4851 0 10418 0 165777 0 0 0 Evans J Mirageas Artistic Director 198956 0 0 0 147 0 5445 0 10683 0 215231 0 0 0 Part I, Line 1a The membership was for the Queen City Club. Meetings and business lunches are held there. X 15 183255 FMV X Event Donations 7 19714 FMV 0 1 1 Part I, Line 32b: Investment managers sell stock contributions upon receipt. Form 990, Part VI, Section A, line 2 Candace Cioffi and Michael Cioffi have a family relationship. Bradley Skidmore and Douglas Skidmore have a family relationship. James Sammarco and Ruthann Sammarco have a family relationship. Form 990, Part VI, Section B, line 11b A draft of this Form 990 was reviewed at a meeting of the Finance Committee of the Board of Trustees and was emailed for comments to each voting member of the Board of Trustees before it was filed. Form 990, Part VI, Section B, line 12c The Co-Chairs of the Finance Committee, in consultation with the Board President, reviews periodically any financial interests disclosed in the conflict of interest statements completed by Trustees and key employees and reports the results of the review to the Finance Committee, which determines whether the transaction, agreement or arrangement to which it relates should be permitted to go forward or continue or should be terminated or precluded. That determination is reported to the Executive Committee of the Board, which has the authority to accept, reject or modify it. Form 990, Part VI, Section B, line 15 The Governance and Personnel Committee of the Board determines the CEO's compensation, based on performance, local competitive rates and national industry salary data. Form 990, Part VI, Section C, line 19 The organization's Articles of Incorporation, Code of Regulations, Conflict of Interest Policy and financial statements are available upon request. Form 990, Part VII The compensation listed on Form 990, Part VII is reported as calendar year 2019, rather than fiscal year 2019 per IRS instructions. Form 990, Part VII No changes to the process in the current year. Opera the Rhine LLC 1243 Elm Street Cincinnati OH 45202 811539474 Ownership of Reinhold Drive Warehouse OH 0 0