2016-12-19T14:46:24-06:00 2016-05-31 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2015-06-01 231504706 OPERA PHILADELPHIA OPER 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 JEREMIAH MARKS CHIEF FINANCIAL OFFICER 2158933600 2016-12-19 1 EDWARD W DORAN CPA P00841330 6106684200 2015 2017-02-10 21:41:12Z DAVID B DEVAN 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 20206044 0 X WWW.OPERAPHILA.ORG X 1975 PA OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY. 29 29 388 95 0 0 5101417 17131184 2104548 2479694 2262 19004 -284869 -288705 6923358 19341177 0 0 0 0 4786054 5398631 0 0 1248475 6655637 7878473 11441691 13277104 -4518333 6064073 6030643 13480481 1873509 3279561 4157134 10200920 TO BE PHILADELPHIA'S PROFESSIONAL PRODUCER OF QUALITY GRAND OPERA, PRODUCING A DIVERSE RANGE OF REPERTOIRE FEATURING INTERNATIONAL ARTISTS ALONGSIDE RISING YOUNG SINGERS, AND TO PRODUCE EDUCATIONAL PROGRAMS WHICH NURTURE THE FUTURE AND RELEVANCE OF THE ART FORM. 0 0 10521818 2510746 DURING THIS FISCAL YEAR, OPERA PHILADELPHIA PRODUCED 30 FULLY-STAGED PERFORMANCES OF 5 OPERAS FOR THE ENJOYMENT AND CULTURAL ENRICHMENT OF APPROXIMATELY 31,139 ATTENDEES AND THE BROADER COMMUNITY. THE COMPANY OPENED ITS SEASON WITH A BROADCAST PERFORMANCE OF "LA TRAVIATA" AT WHICH MORE THAN 6,000 PEOPLE CAME OUT FOR THE EVENING TO ENJOY THIS FREE-TO-THE-PUBLIC EVENT HELD OUTDOORS AT INDEPENDENCE NATIONAL HISTORICAL PARK.OPERA PHILADELPHIA ALSO MADE ITS NEW YORK CITY DEBUT WITH TWO HISTORIC OPERA PERFORMANCES AT THE FAMED APOLLO THEATER IN HARLEM. 336446 EDUCATION AND OUTREACH EFFORTS: SOUNDS OF LEARNING, AN ARTS-INTEGRATION PROGRAM USES OPERA TO ENHANCE THE CORE CURRICULUM, FOCUSING ON TITLE1 SCHOOLS. IN FY16 THE COMPANY REACHED 66% MORE STUDENTS OVERALL THAN FY15 DUE TO SUCCESS OF TEACHING ARTIST AND IN-SCHOOL ASSEMBLY PROGRAMS, REACHING AT TOTAL OF 9,941 STUDENTS, HALF OF WHICH ATTEND A DRESS REHEARSAL IN THE ACADEMY OF MUSIC. THE HIP H'OPERA AND T-VOCE YOUTH PROGRAMS EMPHASIZE SELF-EXPRESSION VIA THE ARTS, PARTICULARLY THROUGH SPOKEN WORD POETRY, MUSIC AND SINGING. ADULT-BASED PROGRAMS REACHED 5,927 ATTENDEES AND CONCENTRATED ON LECTURES AND RECITALS FOR THE GENERAL PUBLIC AND PROFESSIONAL DEVELOPMENT PROGRAMS FOR TEACHERS. 359073 COMPOSER-IN-RESIDENCE PROGRAM: EACH COMPOSER IN RESIDENCE IS EAGER TO STEP BEYOND HIS OR HER MUSICAL COMFORT ZONES. THEY WORK ZEALOUSLY WITH THE RESIDENT COMPANIES AND ADVISORS TO TAKE THIS TIMELESS ART FORM AND INFUSE IT WITH THE ARTISTIC, TECHNOLOGICAL, CREATIVE AND COLLABORATIVE SENSIBILITIES MOST RELEVANT TO OUR TIME. THE CIR RECEIVES HIGHLY INDIVIDUALIZED OPPORTUNITIES TO CULTIVATE HIS/HER SKILLS IN ALL ASPECTS OF OPERA PRODUCTION, FROM WORKING ONE-ON-ONE WITH LIBRETTISTS AND DRAMATURGES TO WORKSHOPS AND SCENE TREATMENTS WITH WORLD-CLASS PERFORMERS. THE CIR HAS EXCEPTIONAL ACCESS TO OBSERVE AND WORK HANDS-ON IN EVERY ASPECT OF ARTISTIC ADMINISTRATION, CREATIVE DEVELOPMENT, PRODUCTION, AND PERFORMANCE. 11217337 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 200 0 1 388 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA NJ NY FL X X JEREMIAH MARKS 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 191024204 BENJAMIN ALEXANDER DIRECTOR 3.00 X 0 0 0 SANDRA K BALDINO DIRECTOR 3.00 X 0 0 0 F JOSHUA BARNETT MD JD DIRECTOR 3.00 X 0 0 0 WILLO CAREY DIRECTOR 3.00 X 0 0 0 NICHOLAS CHIMICLES ESQ DIRECTOR 3.00 X 0 0 0 ADY DJERASSI MD DIRECTOR 3.00 X 0 0 0 CHARLES C FREYER DIRECTOR 3.00 X 0 0 0 EHAB HAMMAD DIRECTOR 3.00 X 0 0 0 MARK HANKIN DIRECTOR 3.00 X 0 0 0 FREDERICK P HUFF VICE CHAIR 3.00 X X 0 0 0 CAROLINE KENNEDY DIRECTOR 3.00 X 0 0 0 JOEL KOPPELMAN DIRECTOR 3.00 X 0 0 0 BEVERLY LANGE DIRECTOR 3.00 X 0 0 0 ELLEN BERMAN LEE DIRECTOR 3.00 X 0 0 0 GABRIELE W LEE DIRECTOR 3.00 X 0 0 0 PETER LEONE VICE CHAIR 3.00 X X 0 0 0 THOMAS MAHONEY TREASURER 3.00 X X 0 0 0 DANIEL K MEYER CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 AGNES MULRONEY DIRECTOR 3.00 X 0 0 0 SCOTT F RICHARD SECRETARY 3.00 X X 0 0 0 HAROLD ROSENBLUTH DIRECTOR 3.00 X 0 0 0 STEPHEN G SOMKUTI DIRECTOR 3.00 X 0 0 0 JONATHAN H SPROGELL DIRECTOR 3.00 X 0 0 0 JAMES B STRAW DIRECTOR 3.00 X 0 0 0 ALICE W STRINE VICE CHAIR 3.00 X X 0 0 0 KENNETH R SWIMM DIRECTOR 3.00 X 0 0 0 MARIA TRAFTON DIRECTOR 3.00 X 0 0 0 CHARLOTTE W WATTS DIRECTOR 3.00 X 0 0 0 DONNA WECHSLER DIRECTOR 3.00 X 0 0 0 DAVID DEVAN GENERAL DIRECTOR 60.00 X 256069 0 45187 JEREMIAH MARKS CHIEF FINANCIAL OFFICER 60.00 X 93884 0 4448 ANNIE BURRIDGE MANAGING DIRECTOR 60.00 X 151904 0 16599 DAVID LEVY SVP OF ARTISTIC OPERA 60.00 X 126146 0 22540 MICHAEL BOLTON VICE PRESIDENT OF COMMUNITY PROGRAMS 60.00 X 109396 0 13844 RYAN LEWIS DIRECTOR OF MARKETING 60.00 X 104538 0 12179 841937 0 114797 5 0 1 0 CORRADO ROVARIS 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 CONDUCTOR/MUSIC DIRECTOR 250000 PRODUCTION RESOURCE GROUP PO BOX 5115 NEW YORK NY 10087 TECHNOLOGY 228649 INTECH CONSTRUCTION LLC 3020 MARKET STREET PHILADELPHIA PA 19104 CONSTRUCTION 202417 3 407217 124987 16598980 424819 17131184 TICKET SALES 711110 2330009 2330009 SET & COSTUME RENTALS 711110 78457 78457 TICKET PROCESSING FEES 711110 42293 42293 EVENT FEES 711110 28935 28935 2479694 8196 8196 482518 471710 10808 10808 10808 73400 407217 393157 -319757 -319757 OTHER REVENUE - FINANCE 711110 30953 30953 OTHER 711110 99 99 31052 19341177 2510746 0 -300753 433876 111129 183834 138913 3924202 3297171 214695 412336 73054 46992 14691 11371 519557 427755 42617 49185 447942 352319 39896 55727 25066 7774 17292 20000 20000 721265 535009 68341 117915 374367 373551 142 674 127318 89080 14430 23808 75408 64145 3079 8184 16625 16625 773142 722359 16641 34142 600948 536333 40044 24571 20478 16001 1434 3043 15798 15798 67042 47892 6801 12349 224090 173555 39847 10688 OPERA PRODUCTION COSTS 3894303 3885468 1286 7549 EVENTS & CULTIVATION 268348 41127 36339 190882 PRODUCT RESEARCH & MATE 148669 74809 73860 PRINTING AND PUBLICATIO 145217 107977 37240 360389 290266 34085 36038 13277104 11217337 811292 1248475 21904 1500 1652310 2383188 2387386 9318722 66317 1172975 578945 1278286 574098 416157 704188 184880 224768 195031 202853 6030643 13480481 552169 1277593 1225379 1180022 95961 57653 764293 1873509 3279561 X 1734897 1955079 2347255 8170859 74982 74982 4157134 10200920 6030643 13480481 6064073 -20287 0 X X 0 1 X 1 0 X 9645480 7596066 7424834 4799742 17115483 46581605 2386228 2643702 2305271 2494529 2584146 12413876 12031708 10239768 9730105 7294271 19699629 58995481 5796352 1938443 706884 2026480 2266908 12735067 0 5796352 1938443 706884 2026480 2266908 12735067 46260414 6632 6507 6568 6657 8196 34560 6632 6507 6568 6657 8196 34560 12038340 10246275 9736673 7300928 19707825 59030041 0.78370 0.74630 0.00060 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 13277104 13277104 813855 203464 0 0 813855 813855 1220783 203464 203464 305196 74982 74982 74982 74982 74982 74982 24982 50000 74982 24982 24982 1.00000 0 0 837563 505419 332144 440723 68679 372044 704188 X 19742186 -20287 421296 401009 19341177 0 19341177 13698400 421296 421296 13277104 0 13277104 PART V, LINE 4: INCOME FROM ENDOWMENT IS USED FOR GENERAL OPERATIONS. PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FASB ACCOUNTING STANDARDS (ASC) 740 ADDRESSES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES SUCH AS THE COMPANY, A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION). THE COMPANY RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE COMPANY'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. TAX YEARS 2012 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF MAY 31, 2016. GALA 480617 407217 73400 48292 217841 12400 114624 480617 407217 73400 48292 217841 12400 114624 393157 -319757 X 1 1 X X X X X X 0 1 0 0 0 0 0 0 1 0 DAVID DEVAN GENERAL DIRECTOR 256069 0 0 0 0 0 30981 0 14206 0 301256 0 0 0 ANNIE BURRIDGE MANAGING DIRECTOR 151904 0 0 0 0 0 7835 0 8764 0 168503 0 0 0 PART I, LINE 1A OPERA PHILADELPHIA PAID FOR GENERAL DIRECTOR'S MEMBERSHIP AT THE UNION LEAGUE TO FACILITATE BUSINESS MEETINGS ON OPERA PHILADELPHIA'S BEHALF. PART I, LINE 4B DAVID DEVAN, ORGANIZATION PRESIDENT, PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE RECEIVED $18,000. X 22 421246 FMV AT DATE OF GIFT X MAKE-UP 3 3000 FMV X FOOD & BEVERAGE 2 573 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 IS REVIEWED BY THE CFO AND THE AUDIT COMMITTEE. EXCLUDING SCHEDULE B FOR CONFIDENTIALITY PURPOSES, IT IS THEN PROVIDED TO THE BOARD OF DIRECTORS VIA E-MAIL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO FILL OUT AND RETURN AN ANNUAL CONFLICT OF INTEREST FORM. THE RETURNED STATEMENTS ARE COMPILED AND REVIEWED. PERSONS WHO HAVE NOT RETURNED THE FORM ARE CONTACTED AND REQUESTED TO COMPLETE IT AGAIN. AT ANY MEETING IN WHICH THE BOARD IS TO ACT ON A TRANSACTION INVOLVING A CONFLICT OF INTEREST, ALL MATERIAL FACTS ARE DISCLOSED AND BROUGHT TO THE ATTENTION OF THE BOARD. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT HR CONSULTANT IS USED TO ESTABLISH COMPENSATION AND BENEFITS FOR THE STAFF. THE COMPENSATION COMMITTEE REVIEWS SALARIES ON AN ANNUAL, OR MORE FREQUENT BASIS. CONSULTANT REFERENCES LOCAL WAGE BENCHMARKS, PEER ORGANIZATION SALARIES AS WELL AS THE HR SURVEY ISSUED BY OPERA AMERICA. SALARIES ARE APPROVED BY THE COMMITTEE, GENERAL DIRECTOR AND CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, WHICH SHALL NOT BE UNREASONABLY WITHHELD, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. THE COMPANY ALSO POSTS FORM 990 AND ITS ANNUAL FINANCIAL REPORT ON ITS WEBSITE. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR