2013-06-06T19:43:39-05:00 2012-07-31 946124841 ARMANINO LLP 12667 ALCOSTA BLVD SUITE 500 SAN RAMON CA 94583 990 2011-08-01 940836240 SAN FRANCISCO OPERA ASSOCIATION SANF 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 DAVID GOCKLEY 4155653295 2013-06-05 1 LYNN HENLEY P00356034 9257902600 2011 2016-02-25 16:41:14Z DAVID GOCKLEY 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 91996983 0 X WWW.SFOPERA.COM X 1932 CA THE WORLD-RENOWNED SAN FRANCISCO OPERA, CONSIDERED ONE OF THE MOST IMPORTANT (CONTINUED ON SCH O) 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. 79 78 1108 723 -45874 -45874 33217702 38038251 26116102 25975089 2525951 4134197 1088049 651694 62947804 68799231 0 0 0 0 52682527 53068220 335523 285918 4103085 17764867 16673356 70782917 70027494 -7835113 -1228263 211119844 201546402 26592544 22946477 184527300 178599925 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 & PROFESSIONAL DEVELOPMENT OF YOUNG ARTISTS AND COMMUNITY EDUCATION. 0 0 49046651 24302997 PRODUCTION AND ARTISTIC ACCOMPLISHMENTS - THE OPERA PRESENTED 72 MAINSTAGE PERFORMANCES OF 9 OPERAS OF THE HIGHEST ARTISTIC QUALITY TO MORE THAN 201,959 AUDIENCE MEMBERS DURING THE 2012 SEASON. HIGHLIGHTS OF THE 89TH SEASON INCLUDED THE WORLD PREMIERE OF HEART OF A SOLDIER COMMEMORATING THE 10TH ANNIVERSARY OF 9/11. THE PRODUCTION BY FRANCESCA ZAMBELLO AND CONDUCTED BY PATRICK SUMMERS WAS SCORED BY CHRISTOPHER THEOFANIDIS, ONE OF THE WORLD'S MOST SOUGHT-AFTER COMPOSERS. THE SEASON FEATURED LUCREZIA BORGIA, STARRING RENEE FLEMING IN THE TITLE ROLE; THE GALA OPENING OF TURANDOT; A NEW PRODUCTION OF DON GIOVANNI; XERXES, STARRING DAVID DANIELS AND SUSAN GRAHAM; CARMEN, DIRECTED BY JOSE MARIA CONDEMI; NIXON IN CHINA; ATTILA, CO-PRODUCED WITH TEATRO ALLA SCALA; AND A NEW PRODUCTION OF THE MAGIC FLUTE DESIGNED BY RENOWNED JAPANESE VISUAL ARTIST, JUN KANEKO. CONTINUING ITS COMMITMENT TO FAMILY PROGRAMMING, THE OPERA PRESENTED CARMEN FOR FAMILIES TO 6,216 PARENTS AND CHILDREN. THE PERFORMANCES WERE PRECEDED BY INTERACTIVE FAMILY WORKSHOPS. THE SEASON FEATURED COMPANY MUSIC DIRECTOR, NICOLA LUISOTTI (TURANDOT, DON GIOVANNI, CARMEN AND ATTILA) AND ASSISTANT MUSIC DIRECTOR GIUSEPPE FINZI (TURANDOT AND CARMEN.)THE COMPANY PRESENTED OPERA IN THE PARK (GOLDEN GATE PARK) FOR THE 38TH YEAR. APPROXIMATELY 15,000 COMMUNITY MEMBERS ATTENDED THE FREE, FULL-LENGTH CONCERT. CHORUS DIRECTOR, IAN ROBERTSON, RECEIVED THE SAN FRANCISCO OPERA MEDAL, THE HIGHEST HONOR AWARDED BY THE COMPANY TO AN ARTISTIC PROFESSIONAL. ROBERTSON JOINED THE COMPANY IN 1987 AND CELEBRATED HIS TWENTY-FIFTH ANNIVERSARY WITH THE SAN FRANCISCO OPERA. 3151006 61490 ELECTRONIC MEDIA - THE OBJECTIVE OF THIS INITIATIVE IS TO REACH A NEW AUDIENCE WITH DIGITAL CONTENT VIA RADIO BROADCASTS, SIMULCASTS, WEB VIDEOS, OPERAVISION AND A CINEMA SERIES. CLASSICAL RADIO STATION, KDFC, REBROADCASTS THE OPERA'S FULL SEASON TO AN AUDIENCE OF APPROXIMATELY 25,000 LISTENERS PER TITLE. WFMT REBROADCASTS RADIO PROGRAMS TO A NATIONAL AND INTERNATIONAL AUDIENCE OF APPROXIMATELY 1.5 MILLION.THE "OPERA IN THE BALLPARK" AT AT&T PARK IN PARTNERSHIP WITH THE SAN FRANCISCO GIANTS FEATURED A FREE LIVE HD SIMULCAST OF TURANDOT TO AN AUDIENCE OF APPROXIMATELY 16,000. THE GRAND OPERA CINEMA SERIES RELEASED FOUR NEW TITLES TO REGIONAL AND INTERNATIONAL MOVIE THEATERS AND PERFORMING ARTS VENUES INCLUDING MOZART'S THE MAGIC FLUTE, VERDI'S OTELLO, SALOME BY RICHARD STRAUSS AND PUCCINI'S IL TRITTICO. IN 2010, THE COMPANY LAUNCHED A PARTNERSHIP WITH KQED PUBLIC TELEVISION TO AIR GRAND OPERAS RECORDED LIVE IN HIGH DEFINITION AT THE OPERA HOUSE. THE KQED SERIES FOR THIS YEAR INCLUDED LA BOHEME, LUCIA DI LAMMERMOOR, TOSCA AND L'ELISIR D'AMORE. WEB VIDEOS ARE INCLUDED ON THE OPERA'S WEBSITE WHICH INCLUDE OPERA EXCERPTS, INTERVIEWS AND OPERA TALKS. OPERAVISION, OFFERED AT SELECTED PERFORMANCES, GIVES BALCONY AUDIENCES A BETTER VIEW OF THE STAGE WITH THE USE OF SCREENS WHICH PROVIDE CLOSEUP AND MID-RANGE ENSEMBLE SHOTS IN HIGH-DEFINITION VIDEO WITH SUPERTITLES. 2284267 1271931 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 LAURA CLAYCOMB, NICOLLE FOLAND, NANCY GUSTAFSON, MARY MILLS, PATRICIA RACETTE, RUTH ANN SWENSON AND DEBORAH VOIGT; MEZZO-SOPRANOS ZHENG CAO AND DOLORA ZAJICK; COUNTERTENOR BRIAN ASAWA; BARITONES MARK DELAVAN AND DAVID OKERLUND; 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. 54481924 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 0 1 324 0 1 1108 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 79 78 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AZ CA MA NY OR WA X MICHAEL SIMPSON 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 941024509 GREER M ARTHUR 1.00 X 0 0 0 DAVID BALABANIAN 1.00 X 0 0 0 ANDREW J BALL 1.00 X 0 0 0 DAWN YATES BLACK 1.00 X 0 0 0 DONNA L BLACKER 1.00 X 0 0 0 ATHENA TROXEL BLACKBURN 1.00 X 0 0 0 ROBERT BLANDING 1.00 X 0 0 0 JOHN M BRYAN 1.00 X 0 0 0 CAROL FRANC BUCK 1.00 X 0 0 0 JACK CALHOUN 1.00 X 0 0 0 ANNETTE CAMPBELL-WHITE 1.00 X 0 0 0 RONALD E CAPE PHD 1.00 X 0 0 0 PETER F CARPENTER 1.00 X 0 0 0 MARIE T CARR 1.00 X 0 0 0 ROBERT D CORY 1.00 X 0 0 0 JOHN CULLISON 1.00 X 0 0 0 MRS PETER W JAYNE DAVIS 1.00 X 0 0 0 MS IRA D DEARING 1.00 X 0 0 0 RAY DOLBY 1.00 X 0 0 0 CAROL PUCCI DOLL 1.00 X 0 0 0 ROBERT A ELLIS 1.00 X 0 0 0 CONCEPCION FEDERMAN 1.00 X 0 0 0 KRISTINA JOHNSON FLANAGAN 1.00 X 0 0 0 LISA STEVENS GALLO 1.00 X 0 0 0 KEITH B GEESLIN 1.00 X 0 0 0 ANN O GIRARD 1.00 X 0 0 0 JANE M HARTLEY 1.00 X 0 0 0 MICHAEL A HARRISON 1.00 X 0 0 0 I CRAIG HENDERSON MD 1.00 X 0 0 0 JOHN HENDRICKSON 1.00 X 0 0 0 DOREEN WOO HO 1.00 X 0 0 0 BRUCE W HYMAN 1.00 X 0 0 0 J BURGESS JAMIESON 1.00 X 0 0 0 DOROTHY M JEFFRIES 1.00 X 0 0 0 PHILIP M JELLEY 1.00 X 0 0 0 MRS CHARLES B ANN JOHNSON 1.00 X 0 0 0 PETER R JOHNSON 1.00 X 0 0 0 LAWRENCE A KERN 1.00 X 0 0 0 MRS GORHAM B DIANA KNOWLES 1.00 X 0 0 0 NOELLE LECA 1.00 X 0 0 0 SYLVIA R LINDSEY 1.00 X 0 0 0 LORRY I LOKEY 1.00 X 0 0 0 ANGUS A MACNAUGHTON 1.00 X 0 0 0 J PATTERSON MCBAINE 1.00 X 0 0 0 ANNE G MCWILLIAMS 1.00 X 0 0 0 TERESA MEDEARIS 1.00 X 0 0 0 ROSEMARY MOORE 1.00 X 0 0 0 NANCY S MUELLER 1.00 X 0 0 0 BEN NELSON 1.00 X 0 0 0 CAROL P NIE 1.00 X 0 0 0 J BOYCE NUTE 1.00 X 0 0 0 HIROMITSU OGAWA 1.00 X 0 0 0 BERNARD OSHER 1.00 X 0 0 0 HAROLD PARICHAN 1.00 X 0 0 0 GARY PINKUS 1.00 X 0 0 0 JOHN R PITCAIRN 1.00 X 0 0 0 MARY A POWELL 1.00 X 0 0 0 HARRIET MEYER QUARRE 1.00 X 0 0 0 RICHARD J RIGG 1.00 X 0 0 0 BARCLAY ROGERS 1.00 X 0 0 0 CP RUSSELL 1.00 X 0 0 0 JACK SCHAFER 1.00 X 0 0 0 BILL RUSSELL-SHAPIRO 1.00 X 0 0 0 RUTH A SHORT 1.00 X 0 0 0 MRS GEORGE CHARLOTTE SCHULTZ 1.00 X 0 0 0 MRS TAD DIANNE TAUBE 1.00 X 0 0 0 MRS DAVID T JOAN TRAITEL 1.00 X 0 0 0 SOO VENKATESAN 1.00 X 0 0 0 PATRICK WILKEN 1.00 X 0 0 0 MRS ALFRED S DIANNE WILSEY 1.00 X 0 0 0 BARBARA A WOLFE 1.00 X 0 0 0 MRS ROY BARBARA WARD WONDER 1.00 X 0 0 0 S SHARIQ YOSUFZAI 1.00 X 0 0 0 PAUL CRANE DORFMAN 5.00 X X 0 0 0 LISA ERDBERG 5.00 X X 0 0 0 JOHN A GUNN 5.00 X X 0 0 0 GEORGE H HUME 5.00 X X 0 0 0 FRANKLIN P JOHNSON JR 5.00 X X 0 0 0 THOMAS A LARSEN 5.00 X X 0 0 0 KEVIN MCCABE 5.00 X X 0 0 0 STEVEN MENZIES 5.00 X X 0 0 0 KARL O MILLS 5.00 X X 0 0 0 VIVIAN M STEPHENSON 5.00 X X 0 0 0 GOCKLEY DAVID R 60.00 X X 1422278 0 86662 REID W DENNIS 5.00 X 0 0 0 SIMPSON MICHAEL T W 60.00 X 214504 0 13734 WEBER GREGORY P 60.00 X 180584 0 10880 LAZER MARCIA 60.00 X 162003 0 10173 SHILVOCK MATTHEW 60.00 X 218444 0 14588 LYNCH JENNIFER 60.00 X 233733 0 5244 LUISOTTI NICOLA 60.00 X 487219 0 18741 URBAN MARK A 60.00 X 200951 0 44605 HARRISON LORI 60.00 X 167262 0 37126 STERN KAY 60.00 X 200474 0 50394 PARSONS LEON 60.00 X 162106 0 35982 RUNNICLES DONALD 60.00 X 213328 0 0 3862886 0 328129 69 1 1 0 FIRST CLASS PLUS 1750 CESAR CHAVEZ STREET UNIT E SAN FRANCISCO CA 94124 MAILING CENTER 424042 MARK CAVAGNERO ASSOC 1045 SANSOME ST SUITE 200 SAN FRANCISCO CA 94111 ARCHITECTS 370396 DCM TELEMARKETING 45 MAIN STREET STE 816 BROOKLYN NY 11201 TELEMKT/TELEFUNDER 370039 SERVICE WEST INC 9201 SAN LEANDRO STREET OAKLAND CA 94603 MOVING & STORAGE 342500 INTERNATIONAL FREIGHT SERVICES INC 1610 ROLLINS RD BURLINGAME CA 94109 SHIPPING 284645 17 57942 559413 729477 36691419 9603204 38038251 TICKET SALES 900099 24302997 24302997 SF OPERA CENTER 900099 1271931 1271931 OTHER PROGRAM REVENUE 900099 338671 338671 MEDIA 900099 61490 61490 25975089 1629590 1629590 40897 555683 0 25046 40897 530637 571534 530637 40897 25397451 22892844 2504607 2504607 2504607 49002 57942 141260 -92258 -92258 216314 138602 77712 77712 PARKING FEES 812930 140580 140580 UBI LOSS FROM PARTNERS 900099 -45874 -45874 94706 68799231 26505726 -45874 4301128 1768359 586665 807687 374007 38351707 33589547 2890811 1871349 3181511 2925146 171296 85069 6987353 6399528 375885 211940 2779290 2345913 270514 162863 183447 122724 55176 5547 175075 175075 285918 285918 588406 588406 1119606 343594 723464 52548 1166437 36425 1130012 1768174 148967 1397811 221396 212317 212317 519884 519884 2046088 784066 1129510 132512 1443844 1386037 9923 47884 15990 1424 14566 49750 49750 2377065 1843640 533425 430263 33870 396393 PRODUCTION MATERIALS 2456537 2372968 83569 MARKETING/PROMOTION 917354 57159 373841 486354 STORAGE & MOVING 418725 414162 4563 BAD DEBT EXPENSE 91846 4710 87136 692548 570205 43781 78562 70027494 54481924 11442485 4103085 1037222 288123 19535782 13015503 39876486 37832237 339202 774002 104294 108797 161540 200116 28556051 17837603 12253953 10718448 65794108 78759633 61886174 50763760 10131083 9085783 211119844 201546402 6193621 4973020 15404570 12924803 4994353 5048654 26592544 22946477 X -3698667 -4061426 47362667 41925367 140863300 140735984 184527300 178599925 211119844 201546402 X -1228263 -4699112 X X 0 1 1 X 0 X 59086793 44650262 49210837 33217702 38038251 224203845 59086793 44650262 49210837 33217702 38038251 224203845 53923076 170280769 3518140 3321534 2296619 2630415 2180296 13947004 29933 41763 -9200 12384 74880 238225729 125449459 0.71480 0.67600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 157226551 5227508 -1153699 6995189 154305171 153328440 5020982 17145190 18268061 157226551 141105620 6085756 11942099 5805035 153328440 154781602 10111492 -16999580 6787894 141105620 0.03720 0.91210 0.05080 1 0 2114665 2114665 6203199 4795868 1407331 18390240 12189458 6200782 1847947 852277 995670 10718448 LIMITED PARTNERSHIPS-EQUITIES 22133754 F LIMITED PARTNERSHIPS-BONDS 13977094 F LIMITED PARTNERSHIPS-REAL ESTATE 5397822 F LIMITED PARTNERSHIPS-INFLATION HEDGE 919876 F LIMITED PARTNERSHIPS-PRIVATE EQUITY 3181886 F LIMITED PARTNERSHIP-HEDGE FUNDS 4746272 F 250 POST STREET 407056 C 50763760 CAPITAL LEASE OBLIGATIONS - ST 58247 CAPITAL LEASE OBLIGATIONS - LT 23939 DEFERRED REVENUE - POOLED INCOME FUNDS 54991 SHORT TERM COMPENSATION AND OTHER 508840 LONG TERM COMPENSATION AND OTHER 3902537 REFUNDABLE ADVANCES 500100 5048654 68799231 70027494 -1228263 -4245552 -453560 -4699112 -5927375 64480966 -4245552 158385 -4087167 68568133 588406 -357308 231098 68799231 70408341 158385 810868 969253 69439088 588406 588406 70027494 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS COMPRISED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION PURSUANT TO THE 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 EXEMPT PURPOSE. FASB 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 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 8 - OTHER ADJUSTMENTS: DONATED PROPERTY-EXPENSED OVER USEFUL LIFE -453,560. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -141,260. INVENTORY SALES RETURNS, ALLOWANCE & COST -191,002. RENTAL EXPENSE -25,046. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 141,260. RENTAL INCOME EXPENSE 25,046. INVENTORY SALES RETURN, ALLOWANCE & COST 191,002. DONATED PROPERTY-EXPENSED OVER USEFUL LIFE 453,560. CAYMAN ISLANDS 0 0 PASSIVE INVESTMENT 13526426 0 0 0 0 0 0 13526426 0 13526426 1 0 1 1 0 0 X X X X X X X 1 SD&A 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 ANNUAL GIVING 0 569548 231860 337688 DCM INC 45 MAIN ST STE 816 BROOKLYN NY 11201 ANNUAL GIVING 0 150050 21752 128298 MISSION MINDED 145 MAYWOOD WAY SAN RAFAEL CA 94901 ANNUAL GIVING, ENDOWMENT 0 0 11124 -11124 MARK HERNANDEZ PO BOX 210114 SAN FRANCISCO CA 94121 ANNUAL GIVING 0 0 5775 -5775 GREG LASSONDE PO BOX 27427 OAKLAND CA 94602 PLANNED GIVING 0 0 15000 -15000 719598 285511 434087 AZ CA MA NY OR WA BRAVO GALA 106944 57942 49002 26690 58343 2500 53727 106944 57942 49002 26690 58343 2500 53727 141260 -92258 X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 GOCKLEY DAVID R 359841 0 1038157 0 24280 0 77150 0 9512 0 1508940 0 0 0 SIMPSON MICHAEL T W 204504 0 10000 0 0 0 5253 0 8481 0 228238 0 0 0 WEBER GREGORY P 164751 0 0 0 15833 0 0 0 10880 0 191464 0 0 0 LAZER MARCIA 140003 0 0 0 22000 0 4829 0 5344 0 172176 0 0 0 SHILVOCK MATTHEW 177444 0 25000 0 16000 0 4167 0 10421 0 233032 0 0 0 LYNCH JENNIFER 217233 0 0 0 16500 0 4688 0 556 0 238977 0 0 0 LUISOTTI NICOLA 487219 0 0 0 0 0 4275 0 14466 0 505960 0 0 0 URBAN MARK A 200951 0 0 0 0 0 15471 0 29134 0 245556 0 0 0 HARRISON LORI 167262 0 0 0 0 0 12877 0 24249 0 204388 0 0 0 STERN KAY 183974 0 0 0 16500 0 22193 0 28201 0 250868 0 0 0 PARSONS LEON 145898 0 0 0 16208 0 12480 0 23502 0 198088 0 0 0 RUNNICLES DONALD 213328 0 0 0 0 0 0 0 0 0 213328 0 0 0 SUPPLEMENTAL INFORMATION PART III DAVID GOCKLEY, EXECUTIVE DIRECTOR AND CEO, RECEIVES COMPENSATION FOR A HEALTH AND SOCIAL MEMBERSHIP AT AN ANNUAL COST OF $2,280. NICOLA LUISOTTI, MUSIC DIRECTOR AND PRINCIPAL CONDUCTOR, RECEIVES REIMBURSEMENT FOR TWO SPOUSAL TRANSATLANTIC AIR FARES PER YEAR. DURING 2011, ONE FARE WAS REQUIRED AT A COST OF $4,503. CELL PHONES PROVIDED TO EMPLOYEES PRIMARILY FOR BUSINESS PURPOSES ARE A WORKING CONDITION FRINGE AND NOT REPORTABLE AS COMPENSATION. MARY POWELL DIRECTOR 39676 MARY POWELL HAS A FAMILY RELATIONSHIP WITH A COMPANY THAT PROVIDES FLORAL SERVICES TO THE OPERA. 0 X 129 9149644 FMV AT DATE OF GIFT X FOOD/BEVERAGES 16 116105 FMV AT DATE OF GIFT X MEDIA 2 298835 FMV AT DATE OF GIFT X MISC 11 38620 FMV AT DATE OF GIFT 0 1 1 THIRD PARTY USE: PART I, LINE 32B: DURING THE COURSE OF SOLICITATION (SEE SCHEDULE G), SECURITIES MAY BE DONATED RATHER THAN CASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 THOMAS A. LARSEN, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH GEORGE HUME, DIRECTOR AND OFFICER. THOMAS A. LARSEN, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH JOHN GUNN, DIRECTOR AND CHAIRMAN. BILL RUSSELL-SHAPIRO, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH C.P. RUSSELL, DIRECTOR. FRANKLIN P. JOHNSON, JR., DIRECTOR AND OFFICER, HAS A BUSINESS RELATIONSHIP WITH BILL RUSSELL-SHAPIRO, DIRECTOR. KARL MILLS HAS A BUSINESS RELATIONSHIP WITH VARIOUS DIRECTORS VIA AN INVESTMENT ADVISORY FIRM AND ONE DIRECTOR IS A SHAREHOLDER. 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 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 THE GUIDESTAR AND THE OPERA'S WEBSITE WHICH IS WWW.SFOPERA.COM. THEY ARE ALSO AVAILABLE UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,245,552. DONATED PROPERTY-EXPENSED OVER USEFUL LIFE -453,560. TOTAL TO FORM 990, PART XI, LINE 5: -4,699,112. AUDIT COMMITTEE ROLE FORM 990, PART XII, LINE 2C: 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. VOLUNTEERS FORM 990, PART I, LINE 6: VOLUNTEERS INCLUDE 496 USHERS, 158 GUILD VOLUNTEERS AND 69 LIGHTWALKERS.