2012-08-08T15:22:07-05:00 2011-09-30 MOSS ADAMS LLP 6100 UPTOWN BLVD NE STE 400 ALBUQUERQUE NM 87110 990 2010-10-01 850131810 THE SANTA FE OPERA SANT 5059865939 PO BOX 2408 SANTA FE NM 87504 HEATHER KEMP 5059865939 2012-08-08 1 PAMELA ALEXANDERSON 5058787200 2010 2016-02-24 21:20:13Z X CAREY R RAMOS PO BOX 2408 SANTA FE NM 87504 30414550 0 X WWW.SANTAFEOPERA.ORG X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 44 44 614 1221 300046 28215 11969165 9603478 8026590 8009704 512204 1523806 120512 918048 20628471 20055036 0 0 0 0 8749143 8989116 0 0 1361891 9038692 9685900 17787835 18675016 2840636 1380020 84394256 83711408 2276055 2749683 82118201 80961725 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 12681247 8312136 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 2011 FESTIVAL SEASON, 37 PERFORMANCES OF FIVE OPERAS WERE PERFORMED. (GOUNOD) FAUST, (PUCCINI) LA BOHEME, (VIVALDI) GRISELDA, (MENOTTI) THE LAST SAVAGE, AND (BERG) WOZZECK. IN ADDITION, TWO PERFORMANCES OF APPRENTICE SCENES SHOWCASED MEMBERS OF THE COMPANY'S APPRENTICE PROGRAM FOR SINGERS AND TECHNICIANS. THE TOTAL AUDIENCE WAS 76,860. THE OPERA'S FAMED APPRENTICE PROGRAM OF SINGERS, ONE OF THE NATION'S MOST DISTINGUISHED TRAINING PROGRAMS, ALLOWS 39 ASPIRING YOUNG SINGERS, CHOSEN FROM SOME 1,500 APPLICANTS, TO DEVELOP THEIR SKILLS BY WORKING WITH PRINCIPAL ARTISTS, MUSIC TEACHER, AND COACHES. THE APPRENTICE PROGRAM FOR TECHNICIANS PROVIDES EXPERIENCE AND TRAINING FOR SOME 73 YOUNG PEOPLE IN THE ART OF STAGECRAFT. 805970 13428 THE SANTA FE OPERA'S EDUCATION AND COMMUNITY OUTREACH PROGRAMS OFFER A WIDE SELECTION TO BOTH STUDENTS AND ADULTS. IN 2011, 47,188 INDIVIDUALS WERE SERVED, 31,151 ADULTS AND 16,037 YOUTHS. THE LIST OF PROGRAMS IS AS FOLLOWS: PUEBLO OPERA PROGRAM BRINGS STUDENTS, ELDERS, AND CHAPERONES TO YOUTH NIGHT AT THE OPERA, A FINAL DRESS REHEARSAL FOR AN OPERA IN THE CURRENT SEASON. BEGUN IN 1973, 19 PUEBLOS AND 3 RESERVATIONS ATTEND THESE FULLY STAGED PRODUCTIONS. UNDER THE YOUTH NIGHT PROGRAM, TICKETS TO A FINAL FULL DRESS REHEARSAL WERE OFFERED TO FAMILIES AT GREATLY REDUCED PRICES FOR 3 PERFORMANCES. ARTS INTEGRATION PARTNERSHIP/STUDENT PRODUCED OPERA: ARTISTS-IN-RESIDENCE PROVIDE ELEMENTARY AND MIDDLE SCHOOL CHILDREN AS WELL AS SOME WITH SPECIAL NEEDS, OPPORTUNITIES TO EXPLORE LEARNING THROUGH THE PERFORMING ARTS OFTEN WRITING, PRODUCING, AND PERFORMING THEIR OWN OPERAS BOTH IN-SCHOOL AND AFTER SCHOOL. SPRING OPERA TOURS PRESENTING A FREE INTRODUCTION TO OPERA IN SCHOOLS AND COMMUNITITES IN NEW MEXICO AND WESTERN TEXAS. BACKSTAGE TOURS IN THE OPERA'S THEATER ARE OFFERED DURING THE WEEK THROUGHOUT THE SUMMER FESTIVAL SEASON. COMMUNITY CONCERTS PRESENT MUSICAL PROGRAMS FEATURING APPRENTICE SINGERS DURING THE SUMMER AND CHRISTMAS HOLIDAY SEASON IN DIFFERENT VENUES. THESE CONCERTS ARE FREE. OPERA MAKES SENSE IS A SPECIAL INTRODUCTION FOR THREE TO FIVE YEAR OLDS EXPLORING MUSIC THROUGH THEIR FIVE SENSES. ADULT EDUCATION: OFFERS A VARIETY OF SYMPOSIUMS AND PROGRAMS FOR BOTH THE OPERA AFICIONADO AND NOVICE THROUGHOUT THE YEAR. 13487217 1 1 0 0 0 0 0 0 1 1 1 0 0 1 0 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 0 1 291 0 1 614 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM NY X THE ORGANIZATION 5059865939 301 OPERA DRIVE SANTA FE NM 87506 SUSAN F MORRIS 5.00 X X 0 0 0 MR EH CORRIGAN 5.00 X X 0 0 0 THE HONORABLE PATIRICA A MCFATE 5.00 X X 0 0 0 JAMES R SEITZ JR 5.00 X X 0 0 0 CAREY R RAMOS 5.00 X X 0 0 0 JOSEPH M BRYAN JR 5.00 X X 0 0 0 ROBERTA COOPER RAMO 5.00 X X 0 0 0 T PETER TOWNSEND 5.00 X X 0 0 0 PETER B FRANK 5.00 X X 0 0 0 DR ROBERT M ZONE 5.00 X X 0 0 0 DIANNE LOOMIS 5.00 X X 0 0 0 ROBERTA D AIDEM 1.00 X 0 0 0 J BRUCE BUGG JR 1.00 X 0 0 0 R MARTIN CHAVEZ 1.00 X 0 0 0 BRUCE T CHEMEL 1.00 X 0 0 0 PAULINE K CUNCANNAN 1.00 X 0 0 0 NANCIE DOMINIC 1.00 X 0 0 0 JOSEPHINE GILMORE 1.00 X 0 0 0 RICHARD G HIGGINS 1.00 X 0 0 0 JOSEPH J HOFFMAN 1.00 X 0 0 0 PAUL R HOFFMAN 1.00 X 0 0 0 DAVID K INGALLS 1.00 X 0 0 0 PHILIP M JELLEY 1.00 X 0 0 0 PLATO KARAYANIS 1.00 X 0 0 0 DR WALTER L KIRCHNER 1.00 X 0 0 0 DAVID J KLEINFELD 1.00 X 0 0 0 MIRYAM KNUTSON 1.00 X 0 0 0 MARYON DAVIES LEWIS 1.00 X 0 0 0 RAYMOND P LUTZ 1.00 X 0 0 0 SUE GRAF MARINEAU 1.00 X 0 0 0 NEDRA MATTEUCCI 1.00 X 0 0 0 MICHAEL G MCCAFFERTY 1.00 X 0 0 0 MARILYN P MCCONNELL 1.00 X 0 0 0 BARBARA BERRY MIKKELSEN 1.00 X 0 0 0 CHARLES F MOORE 1.00 X 0 0 0 R SCOTT MORRISON 1.00 X 0 0 0 DAN NAMINGHA 1.00 X 0 0 0 DAVID P PADILLA 1.00 X 0 0 0 GRETCHEN J POMEROY 1.00 X 0 0 0 ANN ROLLEY 1.00 X 0 0 0 GEORGE SHIRLEY 1.00 X 0 0 0 FREDERICK J SIMON 1.00 X 0 0 0 IRWIN J SUGARMAN 1.00 X 0 0 0 ROBERT G WEISS 1.00 X 0 0 0 HEATHER KEMP 40.00 X 94306 0 6796 CHARLES MACKAY 40.00 X 298328 0 13882 CAROLE ELY 40.00 X 136262 0 11249 PAUL HORPEDAHL 40.00 X 104269 0 19108 BRADLEY WOOLBRIGHT 40.00 X 135928 0 11249 RODNEY L HARDER 1.00 X 12198 0 0 769093 0 62284 4 0 1 0 BLUE SKY BUILDERS PO BOX 608 ESPANOLA NM 87532 CONSTRUCTION 913608 BON APPETIT 1600 ST MICHAELS DR SANTA FE NM 87505 FOOD SERVICES 271149 COLORADO PRINTING COMPANY 8330 WASHINGTON PLACE NE ALBUQUERQUE NM 87113 PRINTING 126071 SYNCH 2800 PRINTERS WAY GRAND JUNCTION CO 81506 ADVERTISING BROKER 124238 4 359536 145216 9098726 449997 9603478 PERFORMANCE ADMISSIONS 711110 7785558 7785558 AUXILARY OPERATIONS 711110 224146 224146 8009704 664507 664507 420634 116022 299498 5303 121136 110719 231855 231855 10450822 9591523 859299 859299 859299 252650 359536 182363 70287 70287 298629 280827 17802 17802 MISCELLANEOUS REVENUE 711110 315860 315860 ADVERTISING REVENUE 511120 293141 293141 OTHER INVESTMENT LOSS 523000 -10897 -10897 598104 20055036 8325564 300046 1825948 886197 400767 228148 257282 6531247 5014760 1062830 453657 51798 51798 981881 660514 221645 99722 537993 401959 86158 49876 46449 46449 93973 93973 93575 93575 1752069 1624235 108426 19408 449187 428287 20900 729710 427492 162732 139486 180695 83707 93028 3960 135921 135921 702898 428367 274531 1556306 1527722 22498 6086 52010 13349 32008 6653 7917 7917 1423274 426696 996578 292255 75566 216689 COSTUMES, SCENERY, PROP 757711 757711 MISCELLANEOUS EXPENSE 630013 482142 74362 73509 ENTERTAINMENT AND CULTI 240933 9063 518 231352 AUXILIARY EXPENSE 197055 197055 COMPLIMENTARY TICKETS 162958 161560 1398 180991 178546 2445 18675016 13487217 3825908 1361891 1603 2700 2436890 3594719 6949120 7268042 105586 45211 72787 67633 409346 807837 51033035 16424455 34769462 34608580 27979841 22867291 9147157 11899381 2522464 2550014 84394256 83711408 497608 617878 749760 744036 500000 528687 1387769 2276055 2749683 X 36458203 35703035 5825039 3861518 39834959 41397172 82118201 80961725 84394256 83711408 X 1380020 -2536496 X 0 1 1 X 0 X 11322774 10933541 8512416 11969165 9603478 52341374 8231347 8463129 8132620 8026590 8009704 40863390 19554121 19396670 16645036 19995755 17613182 93204764 2132015 1877592 3482098 1952209 2061341 11505255 0 2132015 1877592 3482098 1952209 2061341 11505255 81699509 1338037 1323724 1043171 1094421 1201163 6000516 1338037 1323724 1043171 1094421 1201163 6000516 92620 47108 83549 69054 29215 321546 299876 293183 329877 209104 568510 1700550 21284654 21060685 18101633 21368334 19412070 101227376 0.80710 0.83090 0.05930 0.06020 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12 EXPLANATION FOR OTHER INCOME: 2006 2007 2008 2009 2010 MISCELLANEOUS INCOME $7,069 $5,774 $9,545 $2,581 $315,860 FUNDRAISING INCOME $292,807 $287,409 $320,332 $206,523 $252,650 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44743815 1639451 -986696 1970886 43425684 38213883 1588987 2804763 2308655 40298978 38241294 1761005 291401 2079817 38213883 0.04500 0.92700 0.02800 0 0 5348930 5348930 41968353 13767396 28200957 3715752 2657059 1058693 34608580 WEATHERLOW MARKETABLE ALTERNATIVES 5298893 F AETOS MARKETABLE ALTERNATIVES 2357052 F TIFF REAL ESTATE II LP 1146380 F CITY OF LONDON EMERGING MARKETS 3097056 F 11899381 ANNUITIES PAYABLE 1387769 1387769 20055036 18675016 1380020 -2371115 -165381 -2536496 -1156476 17093651 -2371115 25888 -160655 -2505882 19599533 455503 455503 20055036 18250127 25888 4726 30614 18219513 455503 455503 18675016 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PRODUCE A REALATIVELY PREDICTABLE AND STABLE INCOME STREAM TO GROW AND TO SUPPORT PRESENT AND FUTURE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE OPERA HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. THE OPERA HAD MINIMAL TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2011 AND 2010. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -165,381. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST -165,381. GIFT SHOP - UTILITIES 4,726. PART XII, LINE 4B - OTHER ADJUSTMENTS: AUXILLARY EXPENSES 192,599. MISCELLANEOUS EXPENSES 4,456. INVESTMENT EXPENSE 102,155. DIRECT PROGRAM BOOK EXPENSE 156,293. PART XIII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP - UTILITIES 4,726. PART XIII, LINE 4B - OTHER ADJUSTMENTS: AUXILIARY EXPENSES 192,599. MISCELLANEOUS EXPENSES 4,456. INVESTMENT EXPENSE 102,155. DIRECT PROGRAM BOOK EXPENSE 156,293. GRAND CAYMAN 0 0 INVESTMENTS 5298893 0 0 0 0 0 0 5298893 0 5298893 1 0 0 0 0 0 GALA 466908 301833 165075 97394 HOLIDAY PARTY 116913 51958 64955 62565 1 28365 5745 22620 22404 612186 359536 252650 182363 182363 70287 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 CHARLES MACKAY 265000 0 0 0 33328 0 0 0 13882 0 312210 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 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 GENERAL DIRECTOR IS PERSONALLY RESPONSIBLE FOR ANY RESULTING INCOME TAXES. 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. X 1 27800 FAIR VALUE X 19 379581 MARKET QUOTES X MUSICAL INSTRUMENTS 2 11453 FAIR VALUE X COSTUMES/TECHNICAL EQUIPMENT 7 7880 FAIR VALUE X PARTY EXPENSES 9 23283 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FULL VERSION OF THE FORM 990 AS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. AFTER REVIEW AND ANY CHANGES BY THE AUDIT COMMITTEE, THE DRAFT PUBLIC DISCLOSURE VERSION OF THE FORM 990 IS SENT ELECTRONICALLY OR BY PRIORITY MAIL TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS, THE FULL VERSION OF THE 990, INCLUDING SCHEDULE B, IS MADE AVAILABLE FOR BOARD REVIEW IN THE OFFICE OF THE OPERA'S GENERAL DIRECTOR FOR A PERIOD OF 10 DAYS PRIOR TO FILING. 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 OPERA HAD A SALARY FREEZE IN EFFECT SINCE 2009. COMPENSATION INCREASES WERE LAST AWARDED IN 2008. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,371,115. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -165,381. TOTAL TO FORM 990, PART XI, LINE 5: -2,536,496. FORM 926 THE SANTA FE OPERA 85-0131810 FORM 926 INFORMATION STATEMENT PURSUANT TO REGULATION 1.6038B-1(C) REGARDING CERTAIN TRANSFERS TO FOREIGN CORPORATIONS (1) TRANSFEROR THE SANTA FE OPERA EIN: 85-0131810 P.O. BOX 2408 SANTA FE, NEW MEXICO 87504 (2) TRANSFEREE THE WEATHERLOW OFFSHORE FUND I LTD C/O MAPLES & CALDER CORPORATE SERVICES, LIMITED UGLAND HOUSE PO BOX 309 SOUTH CHURCH STREET GRAND CAYMAN KY1-1104 CAYMAN ISLANDS TRANSFER OF CASH PURSUANT TO IRC SECTION 351 AS PART OF THE CAPITALIZATION OF THE COMPANY. (3) CONSIDERATION RECEIVED COMMON STOCK - 3,009.0766 SHARES ON APRIL 29TH 2011 (4) PROPERTY TRANSFERRED CASH/USD $ 2.400,000 ON 4/29/2011 (5) ANNUAL PAYMENT FOR USE OF INTANGIBLE : N/A (6) ELECTION TO TREAT INTANGIBLE AS A SALE : N/A FORM 926 THE SANTA FE OPERA 85-0131810 STATEMENT PURSUANT TO REGULATIONS SECTION 1.351-3 (A) & (B) BY THE SANTA FE OPERA 85-0131810 A SIGNIFICANT TRANSFEROR (1) TRANSFEROR THE SANTA FE OPERA EIN: 85-0131810 P.O. BOX 2408 SANTA FE, NEW MEXICO 87504 (2) DATE OF TRANSFER OF ASSETS 4/29/2011 (3) PROPERTY TRANSFERRED IN EXCHANGE CASH/USD $ 2.400,000 FOR 3,009.0766 SHARES OF COMMON STOCK ON 4/29/2011 (4) DATE AND CONTROL NUMBER OF ANY PRIIVATE LETTER RULING : N/A