2024-01-31T09:22:28-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 SCOTT GUZIELEK PRESIDENT & ARTISTIC DIRECTOR 2157351685 2024-01-30 1 SCOTT GUZIELEK 999009999 0 DAVID M SEKERAK P01395497 2156433900 2024-01-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT GUZIELEK 1920 SPRUCE STREET PHILADELPHIA PA 19103 6348836 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 30 30 82 33 0 0 2778453 2609098 281465 297707 2054105 2441646 -46521 -37541 5067502 5310910 329300 299425 0 0 2495771 2555298 0 0 282511 1383669 1899918 4208740 4754641 858762 556269 44399477 46475598 2857203 2781325 41542274 43694273 X THE MISSION OF THE ACADEMY OF VOCAL ARTS (AVA) IS TO BE THE WORLD'S PREMIER INSTITUTION FOR TRAINING YOUNG ARTISTS AS INTERNATIONAL OPERA SINGERS. THROUGH RIGOROUS INSTRUCTION AND COACHING, AND BY PRESENTATIONS OF RESIDENT ARTISTS FROM AROUND THE WORLD IN FULLY 0 0 3407160 299425 297707 ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.(CONTINUED ON SCHEDULE O.)THE ACADEMY OF VOCAL ARTS RETURNED TO FULL OPERA PRODUCTIONS, RECITALS, AND EVENTS IN THE 2022-23 AVA OPERA THEATRE SEASON. AUDIENCES WERE WELCOMED TO THE HELEN CORNING WARDEN THEATRE FOR OCTOBER'S NEW ARTISTS RECITAL, WHERE SIX FIRST-YEAR RESIDENT ARTISTS WERE INTRODUCED. THE NEW RESIDENT ARTISTS HAIL FROM ACROSS THE COUNTRY, CHINA, TURKEY, AND UKRAINE. THE SEASON AGAIN INCLUDED THE GIARGIARI BEL CANTO COMPETITION AT THE KIMMEL CENTER. PAST WINNERS HAVE GONE ON TO WIN SOME OF THE MOST PRESTIGIOUS COMPETITIONS AND THIS YEAR WAS NO EXCEPTION. THE SEASON OFFICIALLY OPENED WITH NOVEMBER'S LA TRAVIATA. TWO RECITALS FOLLOWED IN THE INTERIM TIME BEFORE OUR NEXT FULLY STAGED OPERA: THE FALL RECITAL FEATURED EXCERPTS FROM JANACEK'S KATA KABANOVA, SMETANA'S THE BARTERED BRIDE, AND MARSCHNER'S DER VAMPYR AND THE WINTER RECITAL CONTINUED OUR EXPLORATION OF ART SONG WITH MELODIES DRAMATIQUES FEATURING THE ART SONGS OF FRENCH OPERA COMPOSERS BIZET, MASSENET, GOUNOD, AND OFFENBACH. AUDIENCES AND CRITICS WERE DELIGHTED BY GEATANO DONIZETTI'S COMIC OPERA DON PASQUALE, INCLUDING A HOMETOWN TWIST SET IN MID-1960S SOUTH PHILADELPHIA. THE AVA ORCHESTRA RETURNED IN MARCH FOR BOTH PERFORMANCES OF JUBILATE!, OUR POPULAR ANNUAL CONCERT OF SACRED MUSIC. THE SEASON CONCLUDED WITH MOZART'S DON GIOVANNI IN A RUN OF PERFORMANCES AT AVA, THE HAVERFORD SCHOOL, AND CENTRAL BUCKS SOUTH HIGH SCHOOL IN APRIL AND MAY. NEARLY 2,000 AUDIENCE MEMBERS SAW DON GIOVANNI. 3407160 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 82 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA NJ NY X X THE ORGANIZATION 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 40.00 X 165000 0 48557 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 32865 SUSAN L MOCK CFO TO MAY 2023 40.00 X 140114 0 22575 SCOTT GUZIELEK VP AND GENERAL MANAGER 40.00 X 146000 0 16049 HELEN KIM DIR, INSTITUTIONAL ADV TO FEB 2023 40.00 X 113333 0 19445 BRYAN J HYMEL VP, GLOBAL/ARTISTIC OUTREACH 40.00 X 112800 0 0 CONSTANTINA CHRISTOU CFO EFFECTIVE JAN 2023 40.00 X 0 0 0 HAROLD F PITCAIRN II CHAIRMAN 2.00 X X 0 0 0 SUSAN E KANE VICE CHAIR & TREASURER 2.00 X X 0 0 0 KENNETH E AHL ESQ VICE CHAIR & SEC TO APR 2023 2.00 X X 0 0 0 DR ROMEO ABELLA DIRECTOR 2.00 X 0 0 0 R RANDOLPH APGAR DIRECTOR 2.00 X 0 0 0 CHRISTINE BATCHELOR DIRECTOR 2.00 X 0 0 0 BARBARA DONNELLY BENTIVOGLIO DIRECTOR 2.00 X 0 0 0 JUDITH BROUDY DIRECTOR 2.00 X 0 0 0 DR DANTE CERZA DIRECTOR 2.00 X 0 0 0 ALICE CHASE DIRECTOR 2.00 X 0 0 0 KRISTIN DAVIDSON DIRECTOR 2.00 X 0 0 0 LILY FERRY DIRECTOR 2.00 X 0 0 0 PETER GOULD DIRECTOR 2.00 X 0 0 0 I GAIL HOWARD DIRECTOR 2.00 X 0 0 0 ANTHONY P JANNETTA DIRECTOR 2.00 X 0 0 0 DR RICHARD KENT DIRECTOR 2.00 X 0 0 0 MARK KERSCHNER DIRECTOR 2.00 X 0 0 0 NEAL W KROUSE DIRECTOR 2.00 X 0 0 0 DR DOUGLAS MANION DIRECTOR 2.00 X 0 0 0 JOSEPH W MCGUIRE ESQ DIRECTOR 2.00 X 0 0 0 MARLENE MILNER DIRECTOR 2.00 X 0 0 0 LATONIA MOORE DIRECTOR 2.00 X 0 0 0 DR MARIA G VOGIATZI PLESTIS DIRECTOR 2.00 X 0 0 0 DR SUZANNE ROOT ESQ DIRECTOR 2.00 X 0 0 0 DR RUTH RYAVE DIRECTOR 2.00 X 0 0 0 COREY SMITH DIRECTOR 2.00 X 0 0 0 WALTER M STRINE JR ESQ DIRECTOR 2.00 X 0 0 0 RICHARD TROXELL DIRECTOR 2.00 X 0 0 0 P JEFFERY WARDEN DIRECTOR 2.00 X 0 0 0 GORDON M WASE ESQ DIRECTOR 2.00 X 0 0 0 CHARLOTTE H WATTS DIRECTOR 2.00 X 0 0 0 MARX S SANDY LEOPOLD DIRECTOR TO JAN 2023 2.00 X 0 0 0 THOMAS B O'ROURKE DIRECTOR TO APR 2023 2.00 X 0 0 0 CAROLYN SEIDLE DIRECTOR TO NOV 2022 2.00 X 0 0 0 827247 0 139491 6 0 1 0 0 307482 5000 2296616 366415 2609098 PERFORMANCE AND FEES 711110 294957 294957 HCW THEATER RENTALS 531190 2750 2750 297707 1679405 1679405 1630544 868303 762241 762241 762241 131778 307482 169623 -37845 -37845 MISCELLANEOUS 900099 304 304 304 5310910 297707 0 2404105 299425 299425 589315 209620 379695 1605731 1349079 83729 172923 67475 59300 3709 4466 129612 115649 4427 9536 163165 118498 32731 11936 68544 68544 294532 239185 55347 97193 97193 27272 6039 21233 101403 57772 18790 24841 84211 84211 37256 37256 103991 100902 3089 247979 247979 62950 54534 8416 OTHER ADMIN. EXP. 346344 346344 OTHER PRODUCTION EXP. 324229 324229 OTHER FUNDRAISING EXP. 58809 58809 45205 43545 1660 4754641 3407160 1064970 282511 344843 165086 198786 125503 198532 177587 4036 2277 27101 33148 8676083 4586421 4258222 4089662 31365726 33366468 8002231 8515867 44399477 46475598 22123 29705 53756 51326 2739471 2577271 41853 123023 2857203 2781325 X 16542376 17141110 24999898 26553163 41542274 43694273 44399477 46475598 X 556269 1145670 450060 X 0 1 X 1 0 X 2403808 2494031 4023725 2778453 2609098 14309115 2403808 2494031 4023725 2778453 2609098 14309115 703326 13605789 1428687 1400469 1052025 1402236 1679405 6962822 4012 10700 14712 1135 253 252 1520 304 3464 21290113 1188569 0.63910 0.63700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 1,135. 2019 AMOUNT: $ 253. 2020 AMOUNT: $ 252. 2021 AMOUNT: $ 1,520. 2022 AMOUNT: $ 304. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31365726 205425 3562742 299425 1468000 33366468 37674940 460300 -5355214 329300 1085000 31365726 29217061 1472200 8285879 338000 962200 37674940 29364083 204456 1247978 262000 1337456 29217061 28911301 236029 1820582 278975 1324854 29364083 0.46403 0.53597 0.00000 0 0 448000 448000 7347728 3961615 3386113 14679 6116 8563 746775 530325 216450 118901 88365 30536 4089662 BENEFICIAL INTEREST IN TRUSTS 8452291 RIGHT-OF-USE ASSETS 63576 8515867 LEASE LIABILITY 121023 GIFT ANNUITY CONTRACT PAYABLE 2000 123023 X 7007719 1145670 450060 1595730 5411989 68544 -169623 -101079 5310910 4853220 169623 169623 4683597 68544 2500 71044 4754641 PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE INVESTMENT MANAGEMENT OF THE ENDOWMENT IS TO PRESERVE OR INCREASE ITS REAL PURCHASING POWER OVER TIME WHILE PROVIDING A RELATIVELY STABLE AND CONSTANT STREAM OF CASH DISTRIBUTIONS FOR USE IN THE CURRENT OPERATIONS OF THE ACADEMY. PART X, LINE 2: AVA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AVA FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS APPLICATION OF THE STANDARD HAS NO EFFECT ON AVA'S FINANCIAL STATEMENTS. AVA'S FORM 990 RETURN FOR THE YEAR ENDED JUNE 30, 2014 WAS AUDITED BY THE INTERNAL REVENUE SERVICE (IRS). THE RESULT OF THE AUDIT WAS THE IRS ACCEPTED THE RETURN AS FILED AND AVA CONTINUES TO QUALIFY FOR EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS 450,060. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -169,623. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 169,623. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE 2,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICIES ARE PUBLISHED IN THE AVA'S STUDENT GUIDELINES, CONTAINED IN THE PUBLISHED BROCHURE AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE AVA RECEIVED A GRANT FROM A QUASI-GOVERNMENTAL ORGANIZATION, THE PENNSYLVANIA COUNCIL ON THE ARTS. THE AMOUNT OF THIS GRANT FOR THE FISCAL YEAR WAS $5,000. GALA 280986 196690 84296 18338 48836 8500 20501 OPENING NIGHT 71150 49805 21345 28737 4007 3 87124 60987 26137 25708 7501 7495 439260 307482 131778 18338 103281 16001 32003 169623 -37845 1 STUDENT FELLOWSHIP AWARDS 21 287425 STUDENT SUMMER STUDY GRANTS 6 12000 PART I, LINE 2: MERIT-BASED FELLOWSHIPS ARE GRANTED TO RESIDENT ARTISTS TO OFFSET THE COST OF LIVING EXPENSES WHILE ATTENDING AVA. THE AMOUNTS ARE DETERMINED ANNUALLY AND PAID MONTHLY. SUMMER STUDY GRANTS ARE PROVIDED FOR APPROVED IMMERSION PROGRAMS. PROOF OF ACCEPTANCE IN THE PROGRAM AND ATTENDANCE ARE PROVIDED TO AVA. X X 0 0 0 0 0 0 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 165000 0 0 0 0 0 8250 0 40307 0 213557 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 25365 0 182865 0 0 0 SUSAN L MOCK CFO TO MAY 2023 140114 0 0 0 0 0 7006 0 15569 0 162689 0 0 0 SCOTT GUZIELEK VP AND GENERAL MANAGER 146000 0 0 0 0 0 7300 0 8749 0 162049 0 0 0 X 13 366415 FMV ON DATE OF GIFT 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 1 STAGED PROFESSIONAL OPERA PRODUCTIONS, AS WELL AS CONCERTS, ORATORIOS, PUBLIC PROGRAMS, THE ACADEMY WILL TRAIN ARTISTS WITH THE HIGHEST POTENTIAL FOR CAREER SUCCESS WHILE ENRICHING LIVES IN PHILADELPHIA AND BEYOND. THE PERFORMING EXPERIENCE IS THE KEY COMPONENT IN AVA'S TRAINING OF OUTSTANDING SINGERS AND THAT WHICH DISTINGUISHES IT FROM OTHER MUSIC/OPERA TRAINING PROGRAMS. THE SELECTED OPERAS FOR PUBLIC PERFORMANCES ARE DETERMINED BY THE UNIQUE QUALITIES OF OUR RESIDENT ARTISTS' VOICES, HELPING THEM BUILD REPERTOIRE FOR A CAREER IN OPERA AND VOCAL PERFORMANCE AND PROVIDING TECHNICALLY CHALLENGING BUT ACHIEVABLE ARTISTIC GROWTH. OUR UNIQUE APPROACH GUARANTEES THAT OUR RESIDENT ARTISTS GRADUATE WITH A MINIMUM OF 8 LEAD ROLES IN THEIR REPERTOIRE. THE OVERALL QUALITY OF OUR TRAINING AND PERFORMANCE EXPERIENCE HAS ALLOWED RESIDENT ARTISTS TO STEP ONTO MAJOR OPERA HOUSE STAGES WITH GREAT CONFIDENCE IMMEDIATELY UPON GRADUATION, IF NOT BEFORE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED IN DETAIL BY THE CFO AND THEN SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW. UPON APPROVAL BY THE FINANCE COMMITTEE, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE SEPTEMBER BOARD MEETING, A CONFLICT OF INTEREST STATEMENT IS DISTRIBUTED TO EACH BOARD MEMBER AND KEY EMPLOYEE TO COMPLETE AND SIGN. THE SIGNED DOCUMENTS ARE SUBMITTED TO THE DEVELOPMENT ASSOCIATE, WHO MAINTAINS THE DOCUMENTS AND ENSURES COMPLETION BY EACH BOARD MEMBER AND KEY EMPLOYEE. ANY ABSENT BOARD MEMBER OR KEY EMPLOYEE RECEIVES THE FORM VIA EMAIL. POTENTIAL CONFLICTS ARE PROVIDED TO THE VICE CHAIR AND SECRETARY OF THE BOARD TO DETERMINE WITH THE BOARD CHAIRMAN IF ANY ACTUAL CONFLICTS EXIST. ANYONE DEEMED TO HAVE A CONFLICT SHALL NOT VOTE OR USE ANY PERSONAL INFLUENCE IN REGARD TO THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND SUCH BOARD MEMBER OR KEY EMPLOYEE ABSTAINED FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 18 AVA PUBLISHES ITS FORM 990 ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AVA MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND PUBLISHES ITS FINANCIAL STATEMENTS ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS 450,060.