2016-03-21T14:51:45-05:00 2015-08-31 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2014-09-01 310549044 Cincinnati Opera Association CINC 5137685500 30 Garfield Place Suite 800 Cincinnati OH 45202 Patricia K Beggs General Director & CEO 5137685500 2016-03-16 1 Paula Hume P00537516 5132418313 2014 2016-08-17 19:52:53Z X Patricia K Beggs 30 Garfield Place Suite 800 Cincinnati OH 45202 17774943 0 X www.cincinnatiopera.org X 1935 OH 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. 74 74 269 175 4709 0 9431752 8837319 1698065 1580684 1611352 1444899 8240 -44648 12749409 11818254 0 0 0 0 4835208 5235546 0 0 737746 2266156 2554652 7101364 7790198 5648045 4028056 31655738 33306996 1296633 1225666 30359105 32081330 X Cincinnati Opera, known for creating beautiful, magical, and thrilling experiences, is an indispensable part of our community and region. By connecting people and organizations, we produce experiences that everyone loves, and they can't wait to come back for (cont. pg 45) more. In fiscal year 2015, Cincinnati Opera, the second oldest Opera company in America, celebrated its 95th anniversary season. 0 0 5987791 1580684 Grand Productions included Il Trovatore, Don Pasquale and Turandot. The Opera's new initiative known as CO2, presented the Opera's first world premiere in over 50 years, Morning Star. The number of grand opera productions as well as CO2 productions: 4. Number of performances: 14. In fiscal year 2014-2015, the Opera estimates that over 122,000 people have experienced Cincinnati Opera at performances at Music Hall, the School for Creative and Performing Arts, and community events such as Opera in the Park, Back to the Zoo, and LumenoCity. Countries represented by the 2015 audience; 8. Also, our audience traveled from forty (40) states to see world-class Cincinnati Opera performances.In addition, the Opera has three categories of experience designed to inspire, integrated classroom experiences, and lectures. These include Opera Raps, Opera Insights, an in-school residency, The Pirates of Penzance, Pursuing the Dream, and Opera in a Box. The Opera presented 53 touring performances. 5987791 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 125 0 1 269 1 1 1 0 0 0 0 1 1 0 0 0 0 X 74 74 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X Michael J Veroni 5137685502 30 Garfield Place Suite 800 Cincinnati OH 45202 Murray Sinclaire Jr President 8.00 X X 0 0 0 Robert W Olson Co-Chairman 4.00 X X 0 0 0 Cathy Crain Co-Chairman 4.00 X X 0 0 0 Alva Jean Crawford Secretary 4.00 X X 0 0 0 Timothy C Kimmel Treasurer 4.00 X X 0 0 0 Barbara Hahn Vice President 4.00 X X 0 0 0 Boris Auerbach Vice President 4.00 X X 0 0 0 Carla D Walker Vice President 4.00 X X 0 0 0 Charlin Briggs 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 Elizabeth M Stites Vice President 4.00 X X 0 0 0 Gary Doc Huffman Vice President 4.00 X X 0 0 0 James T Fitzgerald Vice President 4.00 X X 0 0 0 John G Earls Vice President 4.00 X X 0 0 0 John M Tew Jr MD Vice President 4.00 X X 0 0 0 Jonathan McCann Vice President 4.00 X X 0 0 0 Joseph E Brinkmeyer Vice President 4.00 X X 0 0 0 Julia B Meister Vice President 4.00 X X 0 0 0 Lisa M Hillenbrand Vice President 4.00 X X 0 0 0 Mark J Busher Vice President 4.00 X X 0 0 0 Richard I Lauf PhD Vice President 4.00 X X 0 0 0 Robert J Hasl MD Vice President 4.00 X X 0 0 0 Ann Gallagher Schoen Trustee 2.00 X 0 0 0 Anne M Zaring Trustee 2.00 X 0 0 0 Barbara Gould Trustee 2.00 X 0 0 0 Benjamin G Dusing Trustee 2.00 X 0 0 0 Bertie Ray III Trustee 2.00 X 0 0 0 Catharina Toltzis PhD Trustee 2.00 X 0 0 0 Christopher Baucom Trustee 2.00 X 0 0 0 Cynthia Goodman PhD Trustee 2.00 X 0 0 0 Cynthia Starr Trustee 2.00 X 0 0 0 David Motch Trustee 2.00 X 0 0 0 David Reichert Trustee 2.00 X 0 0 0 Eric Dauer Trustee 2.00 X 0 0 0 Gordon Hullar Trustee 2.00 X 0 0 0 James Stapleton Trustee 2.00 X 0 0 0 Jane Votel Trustee 2.00 X 0 0 0 Jeannine Winkelmann Trustee 2.00 X 0 0 0 Joanie Lotts Trustee 2.00 X 0 0 0 Karl Kusturok Trustee 2.00 X 0 0 0 Kathy Selker Trustee 2.00 X 0 0 0 Kevin C Jones Trustee 2.00 X 0 0 0 Litsa Spanos Trustee 2.00 X 0 0 0 Liz Kathman Grubow Trustee 2.00 X 0 0 0 Madeleine H Gordon Trustee 2.00 X 0 0 0 Margaret M LeMasters MD Trustee 2.00 X 0 0 0 Mario Zuccarello MD Trustee 2.00 X 0 0 0 Michael L Cioffi Trustee 2.00 X 0 0 0 Mona Kerstine Trustee 2.00 X 0 0 0 Monica Newby DDS Trustee 2.00 X 0 0 0 Nydia Tranter Trustee 2.00 X 0 0 0 Pamela Spangler Reis Trustee 2.00 X 0 0 0 Peggy Ann Markstein Trustee 2.00 X 0 0 0 Peter Graham Trustee 2.00 X 0 0 0 Phyllis J Weston Trustee 2.00 X 0 0 0 Robert L Walker Trustee 2.00 X 0 0 0 Ronna K Willis Trustee 2.00 X 0 0 0 Ryan Messer Trustee 2.00 X 0 0 0 Shelby O Wood 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 William Stanley Morton Trustee 2.00 X 0 0 0 Thomas F Boat MD Trustee 2.00 X 0 0 0 Vicki Alpaugh Trustee 2.00 X 0 0 0 Barbara Hummel Trustee - Joined Board 9/2014 2.00 X 0 0 0 Christopher Smith CFRE Trustee - Joined Board 9/2014 2.00 X 0 0 0 Harry Santen Trustee - Joined Board 3/2015 2.00 X 0 0 0 Jennifer Bellin Trustee - Joined Board 3/2015 2.00 X 0 0 0 Matthew Garretson Trustee - Joined Board 9/2014 2.00 X 0 0 0 Michael Marrero Trustee - Joined Board 9/2014 2.00 X 0 0 0 Penny Pensak Trustee - Joined Board 9/2014 2.00 X 0 0 0 Peter Stambrook PhD Trustee - Joined Board 9/2014 2.00 X 0 0 0 Roger Henry LeGreca Trustee - Joined Board 9/2014 2.00 X 0 0 0 Brett A Stover Left Board 09/2014 2.00 X 0 0 0 Frederick R Good Left Board 09/2014 2.00 X 0 0 0 Anthony Condia Left Board 09/2014 2.00 X 0 0 0 Brian L Tiffany Left Board 09/2014 2.00 X 0 0 0 Charles Kuntz IV MD Left Board 03/2015 2.00 X 0 0 0 Edita Hoffman Left Board 09/2014 2.00 X 0 0 0 Elaine Billmire MD Left Board 09/2014 2.00 X 0 0 0 James G Wolterman Left Board 09/2014 2.00 X 0 0 0 Judith Stein MD Left Board 09/2014 2.00 X 0 0 0 Julie Grady Heard Left Board 09/2014 2.00 X 0 0 0 Mary Ann Boorn Left Board 09/2014 2.00 X 0 0 0 Melanie M Chavez Left Board 09/2014 2.00 X 0 0 0 Sherie Marek Left Board 09/2014 2.00 X 0 0 0 Theresa Henderson Left Board 09/2014 2.00 X 0 0 0 Wendell O'Neal PhD Left Board 09/2014 2.00 X 0 0 0 Patricia K Beggs General Director & CEO 40.00 X 212310 0 18273 Christopher A Milligan Managing Director 40.00 X 114171 0 14974 Michael J Veroni CFO 40.00 X 102795 0 8267 Evans J Mirageas Artistic Director 40.00 X 154558 0 5324 Glenn L Plott Director of Production 40.00 X 114424 0 14742 698258 0 61580 5 0 1 0 Cincinnati Arts Association 650 Walnut Street Cincinnati OH 45202 Production personnel, rent 1064839 Cincinnati Symphony Orchestra 1241 Elm Street Cincinnati OH 45202 Orchestra 750550 Anthem Blue Cross & Blue Shield PO Box 105673 Atlanta GA 303485673 Health Insurance 165733 PNC Bank PO Box 856177 Louisville KY 40285 Credit Cards 130640 Cincinnati Stage Employees Local 5 35 East 7th Street Cincinnati OH 45202 Stagehands 129667 5 935000 193997 176494 7531828 3401199 8837319 Event Revenue 711190 1333487 1333487 Set Rental Income 711190 208634 208634 Shared Services Income 711190 19300 19300 Education Outreach 711190 19263 19263 1580684 762358 4709 757649 6479745 5797204 682541 682541 682541 114837 193997 159485 -44648 -44648 11818254 1580684 4709 1395542 698259 403680 241501 53078 4106602 3443972 246190 416440 49430 13104 23118 13208 188722 158814 13292 16616 192533 165891 11841 14801 24000 24000 377880 308014 69866 188084 30298 100369 57417 89074 73041 7126 8907 29646 29646 266859 228859 26550 11450 67613 67613 7469 7469 15938 7969 7969 406412 167461 238951 36283 29752 2903 3628 Other 286615 165764 120851 0 Production & Artistic 228960 228960 Production Materials 124473 124473 Education programs 120503 120503 284843 219977 64866 7790198 5987791 1064661 737746 525857 598490 2053581 2695113 20521 10289 209040 143029 7525249 6057868 1742727 1467381 18322751 20292045 8779918 8099040 1343 1609 31655738 33306996 325709 318699 79236 92148 891688 814819 1296633 1225666 X 6043301 8246725 5119214 3172565 19196590 20662040 30359105 32081330 31655738 33306996 X 4028056 -2178383 -127448 X X 0 1 X 1 0 X 5102632 4679917 6933752 9431752 8837319 34985372 5102632 4679917 6933752 9431752 8837319 34985372 11887394 23097978 493629 742307 509500 595059 767469 3107964 1271 4709 5980 43567 4747 44869 29649 122832 38222148 8099401 0.60430 0.49710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18322751 3429940 -942415 518231 20292045 11752304 5346511 1580244 356308 18322751 8727750 2830234 517464 323144 11752304 8306855 30000 642505 251610 8727750 7113946 1233568 646100 686759 8306855 0.37280 0.58210 0.04510 1 0 6810341 5492397 1317944 714908 565471 149437 1467381 Beneficial Interest in Assets 8099040 F 8099040 9679708 -2178383 7800 159485 -2011098 11690806 127448 127448 11818254 7957483 7800 159485 167285 7790198 0 7790198 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 XI, Line 2d - Other Adjustments: Special Event Expense 159,485. Part XI, Line 4b - Other Adjustments: Change in Value of Beneficial Interest Held by Others 127,448. Part XII, Line 2d - Other Adjustments: Special Event Expense 159,485. Opera Ball 260073 182402 77671 5000 51031 39111 31209 Opening Night Dinner 24255 11595 12660 2270 11078 2791 1537 3 24506 24506 1000 1525 1250 11683 308834 193997 114837 8270 63634 43152 44429 159485 -44648 X 1 1 X X X X 0 0 0 0 0 1 0 0 0 Patricia K Beggs General Director & CEO 202310 0 10000 0 0 0 6219 0 12054 0 230583 0 0 0 Evans J Mirageas Artistic Director 151654 0 2904 0 0 0 4550 0 774 0 159882 0 0 0 Part I, Line 1a The membership was for the Queen City Club. Meetings and business lunches are held there. Part I, Line 6 In any fiscal year for which COA has a surplus in its reconciled operating statement based on COA's normal accounting practices, Patricia Beggs will be paid a bonus of the lesser of $10,000 or amount of such surplus. Fort Washington Investments Board member of Opera is an officer of Ft. Washington Investments 697199 Investments held at Ft. Washington Investments 0 X 17 3243235 FMV X Event Donations 178 157965 Cost 0 0 1 1 Part I, Line 32b: Investment managers sell stock contributions upon receipt. Form 990, Part VI, Section A, line 2 Edward Silberstein, M.D. and Eric Dauer have a family relationship. Cynthia Starr and Mario Zuccarello have a business relationship. Form 990, Part VI, Section B, line 11 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 Chair of the Finance Committee, in consultation with the Board President, reviews any financial interests disclosed in the annual 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 XI, line 9: Change in Value of Beneficial Interest Held by Others -127,448. Form 990 Part XII Line 2c The organization did not change its oversight or selection process during the current tax year.