2016-06-14T10:49:04-05:00 2015-07-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2014-08-01 940836240 SAN FRANCISCO OPERA ASSOCIATION SANF 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 DAVID GOCKLEY CEO 4155653295 2016-06-07 1 JOHN PANETTA P00365375 9257902600 2014 2016-08-17 19:52:53Z DAVID GOCKLEY 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 134316827 0 X WWW.SFOPERA.COM X 1932 CA THE WORLD-RENOWNED SAN FRANCISCO OPERA IS CONSIDERED ONE OF THE MOST IMPORTANT OPERATIC ORGANIZATIONS IN THE UNITED STATES. GREAT SINGING, OUTSTANDING CONDUCTING AND PRODUCTIONS SENSITIVE TO THE MUSIC ARE CORE VALUES OF THE OPERA. THE OPERA PERPETUATES ITS LEGACY THROUGH THE TRAINING OF YOUNG ARTISTS, ARTS EDUCATION, AND AUDIENCE DEVELOPMENT. 76 75 1149 678 -32433 -32433 41085156 46845775 26637759 26649232 7587976 28022123 497609 198398 75808500 101715528 0 0 0 0 55368049 59619966 299018 239024 4937040 18257936 19380138 73925003 79239128 1883497 22476400 223116675 238003934 26108947 25272134 197007728 212731800 X SAN FRANCISCO OPERA'S MISSION IS 1) TO PRESENT OPERA PERFORMANCES OF THE HIGHEST INTERNATIONAL QUALITY AVAILABLE TO THE WIDEST POSSIBLE AUDIENCES; 2) TO PERPETUATE AND ENRICH THE OPERATIC ART FORM; 3) TO BE CREATIVE AND INNOVATIVE IN ALL ASPECTS OF OPERA; AND 4) TO TAKE A LEADERSHIP ROLE IN TRAINING, ARTS EDUCATION, AND AUDIENCE DEVELOPMENT. CURRENT PROGRAMS INCLUDE COMMUNITY OUTREACH, TRAINING AND PROFESSIONAL DEVELOPMENT OF YOUNG ARTISTS AND COMMUNITY EDUCATION. 0 0 54382885 22994738 PRODUCTION AND ARTISTIC ACCOMPLISHMENTS - THE OPERA PRESENTED 68 MAIN STAGE PERFORMANCES OF TEN OPERAS OF THE HIGHEST QUALITY IN ADDITION TO NUMEROUS CONCERTS, RECITALS, WORKSHOPS, AND COMMUNITY ENGAGEMENT EVENTS ATTRACTING MORE THAN 250,067 INDIVIDUALS DURING THE 2015 SEASON. HIGHLIGHTS OF THE 92ND SEASON INCLUDED THE WORLD PREMIERE OF TUTINO'S TWO WOMEN, THE COMPANY PREMIERES OF FLOYD'S SUSANNAH AND HANDEL'S PARTENOPE, A NEW PRODUCTION OF PUCCINI'S LA BOHEME, AN INTERNATIONAL CO-PRODUCTION OF BERLIOZ'S THE TROJANS, MOZART'S THE MARRIAGE OF FIGARO, ROSSINI'S CINDERELLA, VERDI'S A MASKED BALL, PUCCINI'S TOSCA, AND BELLINI'S NORMA. THE FALL SEASON ALSO INCLUDED TWO SOLD-OUT PERFORMANCES OF LA BOHEME FOR FAMILIES. MANY OF THE WORLD'S MOST IMPORTANT SINGERS, CONDUCTORS, DIRECTORS AND CREATIVE ARTISTS WERE ASSEMBLED FOR THE SEASON INCLUDING SINGERS: RAYMOND ACETO, ANNA CATERINA ANTONACCI, RENE BARBERA, JAMIE BARTON, CARLOS CHAUSSON, ANTHONY ROTH COSTANZO, DAVID DANIELS, MARK DELAVAN, DANIELLE DE NIESE, KARINE DESHAYES, JULIANNA DI GIACOMO, MICHAEL FABIANO, SUSAN GRAHAM, THOMAS HAMPSON, LIANNA HAROUTOUNIAN, BRYAN HYMEL, BRIAN JAGDE, BRANDON JOVANOVICH, LUCA PISARONI, DIMITRI PITTAS, PATRICIA RACETTE, SONDRA RADVANOVSKY, SARAH SHAFER, NADINE SIERRA, PHILIPPE SLY, RUSSELL THOMAS, RAMON VARGAS, ALEXIA VOULGARIDOU, AND DOLORA ZAJICK. ON THE PODIUM LEADING THE SAN FRANCISCO OPERA ORCHESTRA AND CHORUS WAS COMPANY MUSIC DIRECTOR, NICOLA LUISOTTI, PRINCIPAL GUEST CONDUCTOR PATRICK SUMMERS, AS WELL AS; GIUSEPPE FINZI, RICCARDO FRIZZA, KAREN KAMENSEK, JESUS LOPEZ-COBOS, DONALD RUNNICLES, AND JULIAN WACHNER; IAN ROBERTSON, DIRECTOR OF THE SAN FRANCISCO OPERA CHORUS, AND FABRIZIO CORONA, ASSOCIATE CHORUS MASTER. FOR THE 41ST YEAR IN A ROW, THE OPERA HELD ITS ANNUAL OPERA IN THE PARK AT GOLDEN GATE PARK'S SHARON MEADOW FEATURING VARIOUS STARS OF THE FALL SEASON CONDUCTED BY NICOLA LUISOTTI. THE SAN FRANCISCO OPERA RETURNED TO AT&T PARK FOR THE COMPANY'S ANNUAL OPERA IN THE BALLPARK LIVE HD SIMULCAST OF THE MARRIAGE OF FIGARO OVER THE JULY 4TH HOLIDAY WEEKEND. THROUGHOUT THE 2015 SEASON, NUMEROUS EDUCATIONAL PERFORMANCES, WORKSHOPS/TRAINING PROGRAMS FOR TEACHERS AND ADULTS, AND OPERA STUDY CLUBS WERE HELD REACHING THOUSANDS OF INDIVIDUALS. 3829130 386916 ELECTRONIC MEDIA - THE OBJECTIVE OF THIS INITIATIVE IS TO EXTEND THE COMPANY'S AUDIENCE THROUGH TELEVISION AND RADIO BROADCASTS, HOME VIDEO PRODUCTS, LOCAL SIMULCASTS, CINEMA PRESENTATIONS, WEB VIDEOS, AND IN-HOUSE HD COVERAGE. THE COMPANY'S 2009 RECORDING OF PORGY AND BESS WAS BROADCAST NATIONALLY ON PBS, AND THREE ADDITIONAL TITLES - MEFISTOFELE, I CAPULETI E I MONTECCHI, AND SHOW BOAT - WERE RELEASED ON DVD, BLU-RAY AND INTERNATIONAL TELEVISION IN PARTNERSHIP WITH EUROARTS MUSIC INTERNATIONAL AND NAXOS OF AMERICA. CLASSICAL RADIO STATION KDFC IN SAN FRANCISCO BROADCAST THE COMPANY'S FULL SEASON TO AN AUDIENCE OF APPROXIMATELY 25,000 LISTENERS PER TITLE, WITH REBROADCASTS VIA THE WFMT RADIO NETWORK TO A NATIONAL AND INTERNATIONAL AUDIENCE OF NEARLY 7 MILLION FOR THE ENTIRE SERIES. SELECT PERFORMANCES WERE ALSO BROADCAST ON RADIO NEW ZEALAND. CONTINUING A PARTNERSHIP STARTED IN 2010, KQED PUBLIC TELEVISION BROADCAST FOUR TITLES - MEFISTOFELE, I CAPULETI E I MONTECCHI, ATTILA, AND RIGOLETTO - WHICH WERE ALSO RELEASED AS THE COMPANY'S FIFTH GRAND OPERA CINEMA SERIES AND PRESENTED IN MOVIE THEATERS AND PERFORMING ARTS VENUES THROUGHOUT THE WESTERN UNITED STATES. THE NINTH LIVE SIMULCAST TO AT&T PARK - MOZART'S THE MARRIAGE OF FIGARO - ATTRACTED A CROWD OF OVER 30,000, THE SECOND-LARGEST AUDIENCE EVER RECORDED FOR OPERA AT THE BALLPARK, AN EVENT PRODUCED IN PARTNERSHIP WITH THE SAN FRANCISCO GIANTS. SHORT FORMAT WEB VIDEOS WERE VIEWED ON THE COMPANY'S YOUTUBE PAGE OVER 173,000 TIMES THROUGHOUT THE YEAR, BRINGING THE TOTAL VIEWS AS OF JULY 31, 2015 TO 828,000. THE COMPANY'S PIONEERING OPERAVISION, OFFERED AT SELECT PERFORMANCES, GIVES BALCONY AUDIENCES A BETTER VIEW OF THE STAGE WITH SCREENS SHOWING REAL-TIME HD VIDEO AND SUBTITLES. 2788072 1809255 OPERA CENTER (TRAINING AND PROFESSIONAL DEVELOPMENT) - THE OPERA SUPPORTS AN INTERNATIONALLY RECOGNIZED TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAM, THE ADLER FELLOWSHIP PROGRAM. THE ADLER FELLOWSHIP PROGRAM IS A PERFORMANCE-ORIENTED RESIDENCY OF TWO YEARS OFFERING ADVANCED YOUNG ARTISTS INTENSIVE INDIVIDUAL TRAINING, COACHING, PROFESSIONAL SEMINARS, AND A WIDE RANGE OF PERFORMANCE OPPORTUNITIES. ADLER FELLOWS GAIN VALUABLE PROFESSIONAL EXPERIENCE BY PERFORMING ROLES OF INCREASING IMPORTANCE IN THE OPERA'S MAIN-STAGE SEASON. IN ADDITION TO PERFORMANCES ON THE MAIN STAGE, SELECTED ADLER FELLOWS WERE FEATURED IN THE SCHWABACHER RECITAL DEBUT SERIES. THE ADLER SEASON CULMINATES IN AN ADLER FELLOWS CONCERT. ALUMNI FROM THE ADLER PROGRAM INCLUDE; SOPRANOS LEAH CROCETTO, NANCY GUSTAFSON, PATRICIA RACETTE, NADINE SIERRA, RUTH ANN SWENSON, ELZA VAN DEN HEEVER, AND DEBORAH VOIGT; MEZZO-SOPRANOS ZHENG CAO AND DOLORA ZAJICK; TENORS BRIAN JAGDE, SEAN PANIKKAR, AND NOAH STEWART; COUNTERTENOR BRIAN ASAWA; BARITONES MARK DELAVAN AND LUCAS MEACHEM; AND BASS-BARITONES MONTE PEDERSON AND JOHN RELYEA. THE SAN FRANCISCO OPERA ALSO SUPPORTS THE MEROLA OPERA PROGRAM FOR ASPIRING PROFESSIONALS, OFFERING UP-AND-COMING SINGERS, COACH-ACCOMPANISTS AND STAGE DIRECTORS THE OPPORTUNITY OF INTENSE STUDY AND PERFORMANCE DURING AN ELEVEN-WEEK SUMMER PROGRAM.THE OPERA'S COMMITMENT TO PROVIDING MUSIC EDUCATION AND ENRICHMENT OPPORTUNITIES TO STUDENTS, TEACHERS, YOUNG AUDIENCES, AND ADULTS, CONTINUED IN A MYRIAD OF SCHOOL AND FAMILY PROGRAMS AND ONLINE RESOURCES. THE SAN FRANCISCO OPERA AND OPERA GUILD BRING OPERA AND MUSIC EDUCATION TO STUDENTS AND INDIVIDUALS THROUGHOUT NORTHERN CALIFORNIA. 61000087 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 326 0 1 1149 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 76 75 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA MA NY OR UT WA X MICHAEL SIMPSON 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 941024509 ANNE G MCWILLIAMS DIRECTOR 1.00 X 0 0 0 ANNE POPKIN DIRECTOR 1.00 X 0 0 0 ANNETTE CAMPBELL-WHITE DIRECTOR 1.00 X 0 0 0 BARBARA A WOLFE DIRECTOR 1.00 X 0 0 0 BARBARA WARD WONDER DIRECTOR 1.00 X 0 0 0 BEN NELSON DIRECTOR 1.00 X 0 0 0 BERNARD OSHER DIRECTOR 1.00 X 0 0 0 BILL RUSSELL-SHAPIRO DIRECTOR 1.00 X 0 0 0 BRUCE W HYMAN DIRECTOR 1.00 X 0 0 0 CP RUSSELL DIRECTOR 1.00 X 0 0 0 CAROL FRANC BUCK DIRECTOR 1.00 X 0 0 0 CAROL PUCCI DOLL DIRECTOR 1.00 X 0 0 0 CHARLOT D MALIN DIRECTOR AND GUILD PRESIDENT 1.00 X 0 0 0 CONCEPCION FEDERMAN DIRECTOR (8/1/14-8/31/15) 1.00 X 0 0 0 DAWN YATES BLACK DIRECTOR 1.00 X 0 0 0 DONNA L BLACKER DIRECTOR AND MEROLA OPERA PROGRAM PRESIDENT 1.00 X 0 0 0 DOREEN WOO HO DIRECTOR 1.00 X 0 0 0 DOROTHY M JEFFRIES DIRECTOR 1.00 X 0 0 0 GIL PENCHINA DIRECTOR 1.00 X 0 0 0 HARRIET MEYER QUARRE DIRECTOR 1.00 X 0 0 0 HIROMITSU OGAWA DIRECTOR 1.00 X 0 0 0 I CRAIG HENDERSON MD DIRECTOR 1.00 X 0 0 0 IRA D DEARING DIRECTOR 1.00 X 0 0 0 J BOYCE NUTE DIRECTOR 1.00 X 0 0 0 J BURGESS JAMIESON DIRECTOR 1.00 X 0 0 0 J PATTERSON MCBAINE DIRECTOR 1.00 X 0 0 0 JACK CALHOUN DIRECTOR 1.00 X 0 0 0 JACK SCHAFER DIRECTOR 1.00 X 0 0 0 JANE M HARTLEY DIRECTOR 1.00 X 0 0 0 JOHN CULLISON DIRECTOR 1.00 X 0 0 0 JOHN HENDRICKSON DIRECTOR 1.00 X 0 0 0 JOSEPH D KEEGAN PHD DIRECTOR 1.00 X 0 0 0 JUSTIN MOORE DIRECTOR 1.00 X 0 0 0 KAREN J KUBIN DIRECTOR AND GUILD PRESIDENT (8/1/14-11/30/14) 1.00 X 0 0 0 KAREN RICHARDSON DIRECTOR 1.00 X 0 0 0 KARTHIK RAU DIRECTOR 1.00 X 0 0 0 KRISTINA JOHNSON FLANAGAN DIRECTOR 1.00 X 0 0 0 LAUREN GROFF DIRECTOR AND BRAVO! PRESIDENT 1.00 X 0 0 0 LAWRENCE A KERN DIRECTOR 1.00 X 0 0 0 LORRY I LOKEY DIRECTOR 1.00 X 0 0 0 LOUISE GUND DIRECTOR 1.00 X 0 0 0 MARK R KROLL DIRECTOR 1.00 X 0 0 0 MARY A POWELL DIRECTOR 1.00 X 0 0 0 MASASHI OKA DIRECTOR 1.00 X 0 0 0 MELINDA YEE-FRANKLIN DIRECTOR 1.00 X 0 0 0 MRS ALFRED S DEDE WILSEY DIRECTOR 1.00 X 0 0 0 MRS DAVID T JOAN TRAITEL DIRECTOR 1.00 X 0 0 0 MRS GEORGE P CHARLOTTE SHULTZ DIRECTOR 1.00 X 0 0 0 MRS MARK A TERESA MEDEARIS DIRECTOR 1.00 X 0 0 0 MRS PETER W JAYNE DAVIS DIRECTOR 1.00 X 0 0 0 MRS TAD DIANNE TAUBE DIRECTOR 1.00 X 0 0 0 NANCY S MUELLER DIRECTOR 1.00 X 0 0 0 PETER FENTON DIRECTOR 1.00 X 0 0 0 PHIL LIBIN DIRECTOR 1.00 X 0 0 0 PHILIP M JELLEY DIRECTOR 1.00 X 0 0 0 RANDALL REYNOSO DIRECTOR 1.00 X 0 0 0 RICHARD J RIGG PHD DIRECTOR 1.00 X 0 0 0 ROBERT A ELLIS DIRECTOR 1.00 X 0 0 0 RONALD E CAPE PHD DIRECTOR (8/1/14-1/3/15) 1.00 X 0 0 0 RUTH A SHORT DIRECTOR 1.00 X 0 0 0 S SHARIQ YOSUFZAI DIRECTOR 1.00 X 0 0 0 SHARON WINSLOW DIRECTOR 1.00 X 0 0 0 SOO VENKATESAN DIRECTOR 1.00 X 0 0 0 STEPHEN S KAHNG DIRECTOR 1.00 X 0 0 0 SUSAN ANDERSON-NORBY DIRECTOR 1.00 X 0 0 0 SUSAN GRAHAM JOHNSTON DIRECTOR 1.00 X 0 0 0 SYLVIA R LINDSEY DIRECTOR 1.00 X 0 0 0 TIMOTHY BLACKBURN DIRECTOR 1.00 X 0 0 0 VIVIAN M STEPHENSON DIRECTOR (8/1/14-11/14/14) 1.00 X 0 0 0 WILLIAM M COUGHRAN JR DIRECTOR 1.00 X 0 0 0 PAUL M CRANE DORFMAN OFFICER OF THE ASSOCIATION - EXECUTIVE VICE PRESID 5.00 X X 0 0 0 LISA ERDBERG OFFICER OF THE ASSOCIATION - VICE PRESIDENT 5.00 X X 0 0 0 KEITH B GEESLIN OFFICER OF THE ASSOCIATION - PRESIDENT 5.00 X X 0 0 0 JOHN A GUNN OFFICER OF THE BOARD - CHAIRMAN 5.00 X X 0 0 0 GEORGE H HUME OFFICER OF THE BOARD - VICE CHAIRMAN 5.00 X X 0 0 0 FRANKLIN P JOHNSON JR OFFICER OF THE BOARD - CHAIRMAN EMERITUS 5.00 X X 0 0 0 THOMAS A LARSEN OFFICER OF THE ASSOCIATION - SECRETARY 5.00 X X 0 0 0 STEVEN MENZIES OFFICER OF THE ASSOCIATION - TREASURER 5.00 X X 0 0 0 KARL O MILLS OFFICER OF THE BOARD - VICE CHAIRMAN 5.00 X X 0 0 0 DAVID R GOCKLEY OFFICER OF THE ASSN-GEN DIRECTOR & CEO 60.00 X X 446805 0 187623 REID W DENNIS OFFICER OF THE BOARD - CHAIRMAN EMERITUS 5.00 X 0 0 0 MICHAEL TW SIMPSON OFFICER OF THE ASSN-CFO 60.00 X 243709 0 24337 GREGORY P WEBER DIRECTOR OF PRODUCTION (8/1/14-9/26/14) 60.00 X 194886 0 20188 MARCIA LAZER DIRECTOR OF MKTING 60.00 X 175567 0 18725 MATTHEW SHILVOCK ASST GENERAL DIRECTOR 60.00 X 242884 0 32929 JON GOSSETT CHIEF DEVELOPMENT OFFICER (3/14-3/15) 60.00 X 265993 0 4246 JENNIFER GOOD INTERIM DTR OF PRODUCTION (10/14-2/15) 60.00 X 179213 0 13628 NICOLA LUISOTTI MUSIC DIR & PRINCIPAL CONDUCTOR 60.00 X 610463 0 26103 DAVID HATCH MASTER CARPENTER 60.00 X 198308 0 47525 LORI HARRISON MASTER OF PROPERTIES 60.00 X 176213 0 41995 DOUGLAS R MITCHELL MASTER AUDIO/VIDEO ENGINEER 60.00 X 224168 0 53684 GARY MARDER RESIDENT LIGHTING DIRECTOR 60.00 X 175967 0 13816 3134176 0 484799 71 1 1 0 WEBCOR BUILDERS 1751 HARBOR BAY PARKWAY SUITE 200 ALAMEDA CA 94502 CONSULTING/BUILDERS 1473918 PALISADES MEDIA GROUP INC 1620 26TH STREET 2050N SANTA MONICA CA 90404 MARKETING 876773 FIRST CLASS PLUS 1750 CESAR CHAVEZ STREET UNIT E SAN FRANCISCO CA 94124 MAILING CENTER 523223 DCM TELEMARKETING 45 MAIN STREET STE 816 BROOKLYN NY 11201 PROFESSIONAL SERVICES 459382 SERVICE WEST INC PO BOX 740156 LOS ANGELES CA 90074 MOVING & STORAGE 412700 19 41042 645533 761745 45397455 12760913 46845775 TICKET SALES 900099 22994738 22994738 SF OPERA CENTER 900099 1809255 1809255 OTHER PROGRAM SERVICE REVENUE 900099 1458323 1458323 MEDIA 900099 386916 386916 26649232 2679121 2679121 52946 40683 0 0 52946 40683 93629 40683 52946 35431211 22300166 29062324 3326051 6368887 18974115 25343002 25343002 27146 41042 80197 -53051 -53051 220724 132727 87997 87997 PARKING FEES 812930 102256 102256 UBI LOSS FROM PARTNERSHIPS 900099 -32433 -32433 69823 101715528 26689915 -32433 28212271 2086609 634349 923451 528809 42412121 37204303 3094665 2113153 3105314 2840575 164467 100272 8927645 8297452 399741 230452 3088277 2609445 291266 187566 242526 90235 132461 19830 180000 180000 239024 239024 699452 699452 1510279 457046 942717 110516 1983559 39893 1943666 1836401 419735 1168329 248337 316048 316048 293988 293988 2309474 847893 1258389 203192 1592555 1520582 26761 45212 33182 1878 31304 2886 2886 1898938 1254612 644326 491126 38512 452614 PRODUCTION MATERIALS 2747471 2680069 67402 MARKETING/PROMOTION 1473503 215246 430650 827607 STORAGE & MOVING 1244396 1203216 41180 BAD DEBT EXPENSE 96361 0 15818 80543 427993 351058 74408 2527 79239128 61000087 13302001 4937040 -471648 -839865 30745082 14511060 18125957 22868384 579826 969929 118686 120519 294774 306484 28517137 22218482 9368514 6298655 122848842 141833072 29544993 31914105 11961649 20021591 223116675 238003934 5207916 5448814 14392425 13483015 6508606 6340305 26108947 25272134 X 135385 12539858 53788862 54582505 143083481 145609437 197007728 212731800 223116675 238003934 X 22476400 -6534769 -217559 X X 0 1 X 1 0 X 33217702 38038251 40106664 41085156 46845775 199293548 33217702 38038251 40106664 41085156 46845775 199293548 49400869 149892679 2630415 2180296 2565907 3326590 2772750 13475958 12384 12384 212781890 129020389 0.70440 0.70640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 168704031 21621932 1841456 9719694 182447725 161395094 3021645 14066571 9779279 168704031 154305171 6095205 13332310 12337592 161395094 157226551 5227508 -1153699 6995189 154305171 153328440 5020982 17145190 18268061 157226551 0.14730 0.79810 0.05460 1 0 6302238 5649835 652403 21896704 16280448 5616256 318195 288199 29996 6298655 LIMITED PS - EQUITIES 20061585 F LIMITED PS - REAL ESTATE 3183087 F LIMITED PS - INFLATION HEDGE 1424700 F LIMITED PS - PRIVATE EQUITY 6837091 F LIMITED PS - HEDGE FUNDS 586 F 250 POST STREET 407056 C 31914105 DEFERRED PRODUCTION COSTS 5292093 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 3170112 ASSETS OF POOLED INCOME FUNDS 930099 RENTAL DEPOSITS 57480 CONSTRUCTION IN PROGRESS 10571807 20021591 CAPITAL LEASE OBLIGATIONS - ST 26014 DEFFERED REVENUE - POOLED INCOME FUNDS 230269 SHORT TERM COMPENSATION AND OTHER 400349 LONG TERM COMPENSATION AND OTHER 5683673 6340305 X 93792820 -6534769 378625 -1323662 -7479806 101272626 699452 -256550 442902 101715528 78068748 378625 474109 852734 77216014 699452 1323662 2023114 79239128 PART V, LINE 4: THE ENDOWMENT IS COMPOSED OF SEVERAL FUNDS SET ASIDE FOR DONOR DIRECTED PURPOSES INCLUDING OPERATIONS, OPERA HOUSE MAINTENANCE, TICKETS FOR UNDERPRIVILEGED, NEW PRODUCTIONS, STUDENT SUBSCRIPTIONS, PRINCIPAL ARTISTS, EDUCATION, AND OTHER PROGRAMS. PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE. ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON THE RECOGNITION OF INCOME TAX ASSETS AND LIABILITIES, CLASSIFICATION OF CURRENT AND DEFERRED INCOME TAX ASSETS AND LIABILITIES, ACCOUNTING FOR INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, ACCOUNTING FOR INCOME TAXES IN INTERIM PERIODS, AND INCOME TAX DISCLOSURES. THIS STANDARD ALSO REQUIRES ADDITIONAL DISCLOSURE OF THE BEGINNING AND ENDING UNRECOGNIZED TAX BENEFITS AND DETAILS REGARDING THE UNCERTAINTIES THAT MAY CAUSE THE UNRECOGNIZED BENEFITS TO INCREASE OR DECREASE WITHIN THE TWELVE MONTH PERIOD. THE ASSOCIATION'S POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS A TWO-STEP PROCESS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT OR LIABILITY AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED OR INCURRED UPON SETTLEMENT. BASED ON AN ANALYSIS PREPARED BY THE ASSOCIATION, IT WAS DETERMINED THAT THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEARS ORCHESTRA RETIREMENT EXPENSE GROUPED IN NON-OPERATING INCOME -1,323,662. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES -80,197. INVENTORY SALES, RETURNS, ALLOWANCES & COSTS -176,353. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 80,197. INVENTORY SALES, RETURNS, ALLOWANCES & COSTS 176,353. DONATED PROPERTY - EXPENSED OVER USEFUL LIFE 217,559. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEARS ORCHESTRA RETIREMENT EXPENSE GROUPED IN NON-OPERATING INCOME 1,323,662. CAYMAN ISLANDS 0 0 PASSIVE INVESTMENT 5247194 0 0 0 0 0 0 5247194 0 5247194 1 0 1 1 1 0 X X X X X X X 1 DCM TELEMARKETING 330 WEST 38TH STREET STE 207 NEW YORK NY 10018 ANNUAL GIVING 0 787854 192151 595703 GREGORY LASSONDE PO BOX 27427 OAKLAND CA 94602 PLANNED GIVING 0 0 12000 -12000 787854 204151 583703 AZ CA MA NY OR UT WA BRAVO GALA 68188 41042 27146 338 51763 1150 26946 68188 41042 27146 338 51763 1150 26946 80197 -53051 X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DAVID R GOCKLEY OFFICER OF THE ASSN-GEN DIRECTOR & C 420361 0 0 0 26444 0 180200 0 7423 0 634428 0 0 0 MICHAEL TW SIMPSON OFFICER OF THE ASSN-CFO 228082 0 10000 0 5627 0 14379 0 9958 0 268046 0 0 0 GREGORY P WEBER DIRECTOR OF PRODUCTION (8/1/14-9/26/ 161886 0 10000 0 23000 0 11111 0 9077 0 215074 0 0 0 MARCIA LAZER DIRECTOR OF MKTING 154067 0 0 0 21500 0 12570 0 6155 0 194292 0 0 0 MATTHEW SHILVOCK ASST GENERAL DIRECTOR 200384 0 25000 0 17500 0 11457 0 21472 0 275813 0 0 0 JON GOSSETT CHIEF DEVELOPMENT OFFICER (3/14-3/15 213984 0 30000 0 22009 0 0 0 4246 0 270239 0 0 0 JENNIFER GOOD INTERIM DTR OF PRODUCTION (10/14-2/1 163373 0 0 0 15840 0 13628 0 0 0 192841 0 0 0 NICOLA LUISOTTI MUSIC DIR & PRINCIPAL CONDUCTOR 609701 0 0 0 762 0 10325 0 15778 0 636566 0 0 0 DAVID HATCH MASTER CARPENTER 198308 0 0 0 0 0 18812 0 28713 0 245833 0 0 0 LORI HARRISON MASTER OF PROPERTIES 176213 0 0 0 0 0 16623 0 25372 0 218208 0 0 0 DOUGLAS R MITCHELL MASTER AUDIO/VIDEO ENGINEER 208476 0 0 0 15692 0 21250 0 32434 0 277852 0 0 0 GARY MARDER RESIDENT LIGHTING DIRECTOR 152967 0 0 0 23000 0 5968 0 7848 0 189783 0 0 0 PART I, LINE 1A DAVID GOCKLEY, GENERAL DIRECTOR AND CEO, RECEIVES COMPENSATION FOR A HEALTH AND SOCIAL MEMBERSHIP AT AN ANNUAL COST OF $2,364. NICOLA LUISOTTI, MUSIC DIRECTOR AND PRINCIPAL CONDUCTOR, RECEIVES REIMBURSEMENT FOR TWO SPOUSAL TRANSATLANTIC AIR FARES PER YEAR. DURING 2014, TWO FARES WERE REQUIRED AT A COST OF $10,093. CELL PHONES PROVIDED TO EMPLOYEES PRIMARILY FOR BUSINESS PURPOSES ARE A WORKING CONDITION FRINGE AND NOT REPORTABLE AS COMPENSATION. MARY POWELL DIRECTOR 44133 MARY POWELL HAS A FAMILY RELATIONSHIP WITH A COMPANY THAT PROVIDES FLORAL SERVICES TO THE OPERA. 0 MARY POWELL DIRECTOR 45170 MARY POWELL PERFORMED MANAGEMENT CONSULTING FOR A COMMEMORATIVE BOOK. 0 STEVEN MENZIES DIRECTOR 996080 STEVEN MENZIES IS A PRINCIPAL, OFFICER, AND DIRECTOR OF APPLIED UNDERWRITERS, INC. OF WHICH THE OPERA OBTAINS WORKER'S COMPENSATION INSURANCE. MR. MENZIES RECUSES HIMSELF FROM THE OPERA'S DECISION TO ENGAGE APPLIED UNDERWRITERS, INC. AND RECUSES HIMSELF FROM THE UNDERWRITING OF THE OPERA AT APPLIED UNDERWRITERS, INC. 0 X 120 12198050 FMV AT DATE OF GIFT X MEDIA 1 355459 FMV AT DATE OF GIFT X FOOD/BEVERAGE 11 125237 FMV AT DATE OF GIFT X MISC 6 82167 FMV AT DATE OF GIFT 0 1 1 PART I, LINE 32B: SCHEDULE M, LINE 9: ALL CONTRIBUTIONS REPORTED REPRESENT THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS RECEIVED. STOCK CONTRIBUTIONS REPRESENTED THE NUMBER OF CONTRIBUTIONS AND NOT INDIVIDUAL SHARES OF STOCK. SCHEDULE M, LINE 9: DURING THE COURSE OF SOLICITATION, (SEE SCHEDULE G), SECURITIES MAY BE DONATED IN LIEU OF CASH CONTRIBUTIONS. SCHEDULE M, LINE 32(B): THE ORGANIZATION CONTRACTS WITH A COMMERCIAL FUNDRAISER FOR A VEHICLE DONATION PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 THOMAS A. LARSEN, OFFICER AND SECRETARY, HAS A BUSINESS RELATIONSHIP WITH GEORGE HUME, OFFICER AND VICE-CHAIR. THOMAS A. LARSEN, OFFICER AND SECRETARY, HAS A BUSINESS RELATIONSHIP WITH JOHN GUNN, DIRECTOR AND CHAIRMAN. BILL RUSSELL-SHAPIRO, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH C.P. RUSSELL, DIRECTOR. KARL MILLS, OFFICER AND VICE-CHAIR, HAS A BUSINESS RELATIONSHIP WITH VARIOUS DIRECTORS, VIA AN INVESTMENT ADVISORY FIRM AND ONE DIRECTOR IS A SHAREHOLDER. KAREN RICHARDSON, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH KARL MILLS, OFFICER AND VICE-CHAIR. FORM 990, PART VI, SECTION B, LINE 11 AS PART OF THE OPERA'S INTERNAL REVIEW PROCESS, THE FILING VERSION OF THE FORM 990 IS PRESENTED TO THE OPERA'S AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. PRIOR TO FILING, THE PUBLIC DISCLOSURE VERSION OF THE FORM 990 IS SENT TO ALL BOARD DIRECTORS FOR THEIR REVIEW. ANY COMMENTS ARE REVIEWED BY MANAGEMENT. BUT FOR THE REDACTED CONTRIBUTOR NAMES AND ADDRESSES, THE ANSWER TO QUESTION 11A WOULD BE "YES." FORM 990, PART VI, SECTION B, LINE 12C THE OPERA HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES MUST COMPLY WITH THE POLICY AND ARE SENT ANNUALLY THE CONFLICT OF INTEREST POLICY. ANY REPORTED CONFLICTS ARE REVIEWED AND RESOLVED PROMPTLY. FORM 990, PART VI, SECTION B, LINE 15 THE OPERA HAS A WRITTEN COMPENSATION POLICY. THERE IS AN ANNUAL REVIEW OF THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BY THE COMPENSATION COMMITTEE. THE COMMITTEE IS COMPOSED ENTIRELY OF INDEPENDENT INDIVIDUALS, AND COMPARABILITY DATA IS USED TO EVALUATE THE APPROPRIATENESS OF THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND CURRENT ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE ON GUIDESTAR AND THE OPERA'S WEBSITE WHICH IS WWW.SFOPERA.COM. THEY ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: DONATED PROPERTY -EXPENSED OVER USEFUL LIFE -217,559. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE ROLE THE AUDIT COMMITTEE IS SET UP TO OVERSEE THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THE COMMITTEE HELD THREE MEETINGS WITH BOARD MEMBERS, OFFICERS OF THE OPERA, AND INDEPENDENT AUDITORS.