2018-08-14T10:04:10-05:00 2017-09-30 910189318 Moss Adams LLP 6565 Americas Parkway NE Ste 600 Albuquerque NM 87110 990 2016-10-01 850131810 The Santa Fe Opera SANT 5059865955 PO Box 2408 Santa Fe NM 87504 HEATHER KEMP DIRECTOR OF ACCTG & FINANCE 5059865955 2018-08-13 1 Pamela Alexanderson P01218925 5058787200 2016 2022-09-23 18:48:47Z Susan G Marineau PO Box 2408 Santa Fe NM 87504 24129263 0 X https://www.santafeopera.org/ X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 46 46 641 1397 491388 -4241 13316509 10272466 9572983 10385991 2197109 1016355 944805 1219780 26031406 22894592 0 0 0 0 10789791 11347635 0 0 2189193 13409355 14709500 24199146 26057135 1832260 -3162543 117308062 117358849 3166303 1834218 114141759 115524631 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 17244572 10155752 ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. IN THE 2017 FESTIVAL SEASON, there were 39 PERFORMANCES OF 5 OPERAS: DIE FLEDERMAUS BY JOHANN STRAUSS II, LUCIA DI LAMMERMOOR BY GAETANO DONIZETTI, THE GOLDEN COCKEREL BY NIKOLAI RIMSKY-KORSAKOV, THE WORLD PREMIERE OF THE (R)EVOLUTION OF STEVE JOBS BY MASON BATES, and ALCINA BY GEORGE FRIDERIC HANDEL. 2 PERFORMANCES OF APPRENTICE SCENES SHOWCASED MEMBERS OF THE COMPANY'S APPRENTICE PROGRAM FOR SINGERS AND TECHNICIANS. THE TOTAL AUDIENCE WAS 74,664. THE OPERA'S FAMED APPRENTICE PROGRAM OF SINGERS, ONE OF THE NATION'S MOST DISTINGUISHED TRAINING PROGRAMS, ALLOWS 44 ASPIRING YOUNG SINGERS, CHOSEN FROM SOME 800 APPLICANTS, TO DEVELOP THEIR SKILLS BY WORKING WITH PRINCIPAL ARTISTS, MUSIC TEACHERS, AND COACHES. THE APPRENTICE PROGRAM FOR TECHNICIANS PROVIDES EXPERIENCE AND TRAINING FOR SOME 86 YOUNG PEOPLE IN THE ART OF STAGECRAFT. 1436007 593075 VIA THE SANTA FE OPERA'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS, DIVERSE AND FREE OFFERINGS ARE AVAILABLE TO YOUTH, ADULTS, AND FAMILIES. IN 2017, 51,435 INDIVIDUALS WERE SERVED, 37,239 ADULTS AND 14,196 YOUTHS. PROGRAMS INCLUDE THE FOLLOWING: THE PUEBLO OPERA PROGRAM BRINGS STUDENTS, ELDERS, AND CHAPERONES TO A FINAL DRESS REHEARSALS OF OPERAS. BEGUN IN 1973, 19 PUEBLOS AND 3 RESERVATIONS ATTEND THESE FULLY-STAGED PRODUCTIONS. PARTICIPANTS IN THE YOUTH NIGHT PROGRAM ALSO ATTEND A FINAL DRESS REHEARSALS. 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. THE SPRING TOUR IS AN INTRODUCTION TO OPERA VIA PERFORMANCES IN SCHOOLS AND COMMUNITIES THROUGHOUT NEW MEXICO. BACKSTAGE TOURS IN THE OPERA'S THEATER ARE OFFERED DURING THE WEEK THROUGHOUT THE SUMMER FESTIVAL SEASON. COMMUNITY CONCERTS FEATURE APPRENTICE SINGERS DURING THE SUMMER AND WINTER HOLIDAY SEASON IN A VARIETY OF VENUES. OPERA MAKES SENSE IS A CURATED INTRODUCTION FOR THREE- TO FIVE-YEAR-OLDS EXPLORING MUSIC THROUGH THEIR SENSES. ADULT EDUCATION OFFERS A VARIETY OF PRESENTATIONS, SYMPOSIA, SEMINARS AND COLLABORATIVE PROGRAMS FOR BOTH THE OPERA AFICIONADO AND NOVICE THROUGHOUT THE YEAR INCLUDING EVENTS IN AN INTENSIVE, WEEK-LONG FORMAT AND PRESENTATIONS PRIOR TO EACH EVENING'S OPERA. 18680579 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 386 0 1 641 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 46 46 1 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 President 5.00 X X 0 0 0 Peter B Frank Vice President 5.00 X X 0 0 0 Roberta Cooper Ramo Vice President 5.00 X X 0 0 0 Joseph M Bryan Jr First Vice President 5.00 X X 0 0 0 T Peter Townsend Treasurer 5.00 X X 0 0 0 Robert Vladem Secretary 5.00 X X 0 0 0 Susan F Morris Chairman 5.00 X X 0 0 0 James R Seitz Jr Vice Chairman 5.00 X X 0 0 0 Sarah Billinghurst Solomon Director 1.00 X 0 0 0 Dr Jenne Britell Director 1.00 X 0 0 0 William A Brosius Director(through August 2017) 1.00 X 0 0 0 J Bruce Bugg Jr Director 1.00 X 0 0 0 Erin Bunkley Director 1.00 X 0 0 0 Susan Esco Chandler Director 1.00 X 0 0 0 Bruce Chemel Director 1.00 X 0 0 0 Richard W Davis Director 1.00 X 0 0 0 Nancie Dominic Director 1.00 X 0 0 0 Michael G Doorley Director(through February 2017) 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 Josephine Gilmore-Kirchner Director 1.00 X 0 0 0 Chester A Gougis Director 1.00 X 0 0 0 Frederick R Haas Director 1.00 X 0 0 0 Ann Shilling Harrison Director 1.00 X 0 0 0 David K Ingalls Director 1.00 X 0 0 0 David Henry Jacobs Director 1.00 X 0 0 0 Philip M Jelley Director 1.00 X 0 0 0 Donna L Kendall Director 1.00 X 0 0 0 Dr Walter L Kirchner Director 1.00 X 0 0 0 Miryam Knutson Director 1.00 X 0 0 0 Maryon Davies Lewis Director 1.00 X 0 0 0 Miranda Lind Director 1.00 X 0 0 0 Lynn Loacker Director 1.00 X 0 0 0 Dr James Lowry Director 1.00 X 0 0 0 Nedra Matteucci Director 1.00 X 0 0 0 Marilyn P McConnell Director(through August 2017) 1.00 X 0 0 0 David Ellis McNeel Director 1.00 X 0 0 0 Charles F Moore Director 1.00 X 0 0 0 Dan Namingha Director 1.00 X 0 0 0 Dan Perry Director(through September 1, 2017) 1.00 X 0 0 0 Dr Estevan Rael-Galvez Director 1.00 X 0 0 0 Carey R Ramos Director 1.00 X 0 0 0 Dr Eugene E Stark Jr Director 1.00 X 0 0 0 Irwin J Sugarman Director 1.00 X 0 0 0 Robert L Turner Director 1.00 X 0 0 0 Dannehl M Twomey Director 1.00 X 0 0 0 Veronica A Watson Director 1.00 X 0 0 0 Robert G Weiss Director 1.00 X 0 0 0 Dr Robert M Zone Director 1.00 X 0 0 0 Amb David Girard-diCarlo Director 1.00 X 0 0 0 Charles MacKay General Director 40.00 X 655573 0 56877 Heather Kemp Dir. of Accounting & Finance 40.00 X 155515 0 14080 Bradley Woolbright Dir. of Artistic Administration 40.00 X 172725 0 14727 Robert Meya Dir. of External Affairs 40.00 X 220259 0 33052 Paul Horpedahl Production & Facilities Director 40.00 X 191194 0 23169 Michael Gary Dir. of Institutional giving 40.00 X 125133 0 13000 Thomas Morris Dir. of Admin & Operations 40.00 X 109293 0 21241 Laura Hudman Dir. of Marketing 40.00 X 111095 0 12505 Harry Bicket Chief Conductor 10.00 X 174039 0 0 1914826 0 188651 9 0 1 0 BRADBURY STAMM 7110 2ND STREET NW ALBUQUERQUE NM 87107 CONSTRUCTION 7350761 BON APPETIT 1600 ST MICHAELS DR SANTA FE NM 87505 FOOD SERVICES 374030 Design Communications LTD 85 Bodwell Street Avon MA 02322 Signage Fabrication 205893 CPC Neutek 2800 Printers WAy Grand Junction CO 81506 Printing 141602 Synch PO Box 37278 ALBUQUERQUE NM 87176 Design 141045 7 508644 235365 9528457 1523967 10272466 PERFORMANCE ADMISSIONS 711110 8648560 8648560 AUXILARY OPERATIONS 711110 1737431 1654660 82771 10385991 1003093 -143401 1146494 2082 2082 567939 15782 406378 2539 161561 13243 174804 174804 351390 338128 13262 13262 13262 182675 508644 167216 15459 15459 415076 320410 94666 46956 47710 ADVERTISING REVENUE 511120 339780 339780 Box Office Service Cha 711110 245651 245651 SPONSORSHIP REVENUE 611710 112607 112607 234731 153000 51921 29810 932769 22894592 10748827 491388 1381911 X 1443230 567126 422176 453928 7952943 6206908 1103611 642424 334499 179092 108171 47236 918164 614478 183392 120294 698799 520199 106241 72359 215787 215787 106402 106402 25995 25995 125944 125944 3155257 3052782 95868 6607 686178 600453 56267 29458 765662 537992 126264 101406 258209 149495 97236 11478 19701 19701 1040997 641400 399597 2127286 2071351 36866 19069 12221 12221 34823 16178 10753 7892 1390 1390 2544000 965980 1578020 345307 155493 189814 COSTUMES, SCENERY, PROP 1390385 1390385 EDUCATION PROGRAMS 831464 118750 77463 635251 AUXILIARY EXPENSE 478863 478863 MISCELLANEOUS EXPENSE 320053 191760 86880 41413 223576 202193 21005 378 26057135 18680579 5187363 2189193 3625228 3650616 12816577 10362903 1211336 795997 60859 88117 1149097 629675 81265586 27626967 54194786 53638619 36854908 43074731 6933507 4674427 461764 443764 117308062 117358849 1110546 770649 1034352 820250 730532 290873 243319 3166303 1834218 X 61408917 61121316 10565868 12343883 42166974 42059432 114141759 115524631 117308062 117358849 X -3162543 4700131 -154716 X X 0 1 X 1 0 X 6717921 29854154 11642922 13316509 10272466 71803972 6717921 29854154 11642922 13316509 10272466 71803972 16878878 54925094 1286082 1237039 1424320 1735172 1732297 7414910 110203 140988 119113 75580 445884 79664766 53542948 0.68950 0.65700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 38216 38216 26018919 26057135 1000000 250000 0 0 1000000 1000000 1000000 3000000 4500000 16582 40573 38216 95371 250000 250000 250000 750000 1125000 Form 990; Schedule C, Part II-a, Line 1 THE OPERA HOSTED LEGISLATORS AT A buffet dinner PRIOR TO A DRESS REHEARSAL OF die fledermaus. A STUDENT PARTICIPATING IN THE OPERA'S YOUNG VOICES PROGRAM PERFORMED AND MADE A PRESENTATION TO THE GROUP ON HER EXPERIENCE WITH THE OPERA. THE LEGISLATORS ALSO ATTENDED THE DRESS REHEARSAL. THE PURPOSE OF THE EVENT WAS TO INTRODUCE LEGISLATORS TO THE OPERA AND ITS MISSION AND PROGRAMS. LEGISLATORS ARE ALSO INVITED TO COMMUNITY ENGAGEMENT PROGRAMS, SUCH AS CONCERTS AND THE SPRING OPERA TOUR, HELD IN THEIR RESPECTIVE DISTRICTS. The Opera retained a lobbyist to consult on legislative matters of concern to the Opera. 2500 X decorative items 0 51985757 -139001 5519458 2443549 54922665 47973223 3023196 3862922 2873584 51985757 53178362 251227 -3321283 2135083 47973223 51483646 486167 3160754 1952205 53178362 47926524 615209 4616205 1674292 51483646 0.09760 0.74570 0.15670 0 0 5348930 5348930 69425539 22937520 46488019 6491117 4689447 1801670 53638619 Annuities Payable 243319 243319 X 28075135 4700131 34283 572073 5306487 22768648 125944 125944 22894592 26692263 34283 726789 761072 25931191 125944 125944 26057135 Part III, Line 4: THE ORGANIZATION'S MISSION INVOLVES OPERATIC ART, AND DONATED ARTWORK IS DISPLAYED IN VARIOUS BUILDINGS TO PROMOTE THIS MISSION. 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, 2017 or 2016. 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, 2017 and 2016. Accordingly, a provision for income taxes has not been established in the accompanying financial statements. Part XI, Line 2d - Other Adjustments: CHANGE IN VALUE OF SPLIT INTEREST -154,716. Rental Expense 406,379. Cost of Goods Sold INVENTORY 320,410. Part XII, Line 2d - Other Adjustments: Rental Expense 406,379. Cost of Goods Sold Inventory 320,410. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 INVESTMENTS 3283301 0 0 0 0 0 0 3283301 0 3283301 0 0 0 0 0 0 Summer Gala 353084 315334 37750 34684 15850 Winter Gala 124975 103975 21000 18931 7000 1 213260 89335 123925 90751 691319 508644 182675 144366 22850 167216 15459 X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 Charles MacKay General Director 380000 0 0 0 275573 0 48275 0 8602 0 712450 0 167006 0 Heather Kemp Dir. of Accounting & Finance 149015 0 6500 0 0 0 5478 0 8602 0 169595 0 0 0 Bradley Woolbright Dir. of Artistic Administration 172725 0 0 0 0 0 6125 0 8602 0 187452 0 0 0 Robert Meya Dir. of External Affairs 210000 0 0 0 10259 0 8106 0 24946 0 253311 0 0 0 Paul Horpedahl Production & Facilities Director 181194 0 10000 0 0 0 6825 0 16344 0 214363 0 0 0 Harry Bicket Chief Conductor 174039 0 0 0 0 0 0 0 0 0 174039 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 DIRECTOR OF FINANCE AND ACCOUNTING. THE TAX INDEMNIFICATION AND GROSS UP PAYMENTS REPRESENT THE TAX PAID BY THE OPERA, AND INCLUDED IN CHARLES MACKAY'S W-2, TO COVER THE TAX ON THE HOUSING ALLOWANCE. Part I, Line 4b Charles Mackay- The Opera contributed $39,000 to a 457(f) plan for the benefit of the general director during 2016. Additionally, Charles Mackay received a payout from the 457(f) plan, in which he vested, in the amount of $206,006 during 2016. Part I, Line 7 Bonuses were awarded for meeting organizational goals. X 68 1401336 AVG Daily Hi/low X Donated Tickets 470 74168 FAIR VALUE X Party Expenses 7 36894 faIR VALUE X COSTUMES/ PROPERTIES 8 8409 FAIR VALUE X MUSICAL INSTRUMENTS 2 2650 FaIR VALUE X Laptop 1 360 FaIR VALUE X Posters 1 150 FaIR 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 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 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 mergethe 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 A, line 2 Family Relationship - Walter Kirchner and Josephine Gilmore- Kirchner 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, THE DRAFT 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 for their review and comment before it is filed with the IRS. 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 DIRECTOR OF ACCOUNTING AND FINANCE 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 DIRECTOR OF ACCOUNTING AND FINANCE. THE COMPENSATION COMMITTEE REVIEWS THE SALARIES FOR ALL SENIOR EMPLOYEES, COMPARING THE SALARIES TO COMPENSATION FOR SIMILAR POSITIONS AT OTHER OPERA COMPANIES. THIS PROCESS WAS LAST COMPLETED IN 2017. 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 1,881,954. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,881,954. Teaching/Teaching Artist Fees: Program service expenses 247,539. Management and general expenses 0. Fundraising expenses 0. Total expenses 247,539. Other Contract Labor: Program service expenses 923,289. Management and general expenses 95,868. Fundraising expenses 6,607. Total expenses 1,025,764. Form 990, Part XI, line 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -154,716. Form 990, Part XII, Line 2c No change from the prior period.