2024-05-14T14:06:28-05:00 2023-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2022-07-01 042469627 BOSTON LYRIC OPERA COMPANY BOST 6175424912 15 CHANNEL CENTER STREET 106 BOSTON MA 02210 JARRELL PERKINS CHIEF FINANCIAL OFFICER 6175424912 2024-05-14 1 JARRELL PERKINS 999009999 1 PETER BROWN P00582425 4014214800 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JARRELL PERKINS 15 CHANNEL CENTER STREET 106 BOSTON MA 02210 11911027 0 X WWW.BLO.ORG X 1970 MA SEE SCHEDULE O 24 24 389 80 0 0 4804379 9337471 376152 704223 1167299 489849 29198 78577 6377028 10610120 0 0 0 0 2759802 4637208 0 0 839759 5037794 5420612 7797596 10057820 -1420568 552300 20393253 23261747 1175591 2850181 19217662 20411566 X SEE SCHEDULE O 0 0 6871933 782800 BLO IS A MASSACHUSETTS NONPROFIT INSTITUTION INCORPORATED IN 1976. BLO IS NEW ENGLAND'S LARGEST AND LONGEST ESTABLISHED OPERA COMPANY. CELEBRATED FOR ITS ARTISTIC EXCELLENCE AND DIVERSE REPERTOIRE, BLO'S MISSION IS TO BUILD CURIOSITY, ENTHUSIASM AND SUPPORT FOR OPERA BY CREATING MUSICALLY AND THEATRICALLY COMPELLING PRODUCTIONS AND EVENTS, AND TO PROVIDE EDUCATIONAL RESOURCES FOR THE BOSTON COMMUNITY AND BEYOND.BLO'S LONG-TERM SUCCESS IS ROOTED IN ITS COMMITMENT TO OFFERING THE HIGHEST CALIBER PRODUCTIONS OF BOTH CLASSIC AND CONTEMPORARY OPERAS; PROVIDING AN INTERNATIONALLY RENOWNED PLATFORM ON WHICH EMERGING ARTISTS CAN GROW AND DEVELOP; ENGAGING NEW AND DIVERSE AUDIENCES. THROUGH INNOVATIONS IN TECHNOLOGY, OURTEACH AND STRATEGIC COMMUNICATIONS; AND BY OFFERING COLLABORATIVE EDUCATION AND COMMUNITY EVENTS BOTH ON ITS OWN AND IN PARTNERSHIP WITH OTHER WORLD-LEADING, BOSTON-BASED CULTURAL INSTITUTIONS. THROUGH THE WHOLE OF ITS EFFORTS, BLO ACHIEVES ITS MISSION BY ENSURING THE AVAILABILITY AND ACCESSIBILITY OF ONE OF THE WORLD'S GREATEST AND OLDEST ART FORMS FOR GENERATIONS TO COME.EACH SEASON, BLO REACHES ANNUAL AUDIENCES OF MORE THAN 20,000 PEOPLE THROUGH THE PRESENTATION OF FOUR ON-STAGE PRODUCTIONS AND A VARIETY OF COMMUNITY OUTREACH PROGRAMS. IN FISCAL YEAR 2023, BLO PRESENTED LIVE PERFORMANCES ON ITS STREET STAGE AT LOCATIONS AROUND THE GREATER BOSTON AREA. 94161 BLO'S EDUCATION AND COMMUNITY PROGRAMS ARE CENTRAL TO BLO'S MISSION OF ENGAGING NEW AND DIVERSE AUDIENCES IN THE LIVING ART OF OPERA. BLO'S PROGRAMS PROVIDE VALUABLE LEARNING AND CURRICULUM RESOURCES FOR TEACHERS AT ALL LEVELS; ENGAGE FAMILIES, YOUNG ADULTS AND UNDERREPRESENTED GROUPS; AND CREATE LINKAGES WITH OTHER VITAL ART FORMS, INCLUDING THEATER, CLASSICAL MUSIC, DANCE, THE VISUAL ARTS AND BEYOND. THROUGH EDUCATIONAL PROGRAMS AND PARTNERSHIP PROGRAMS, BLO COLLABORATES ACROSS A BROAD SPECTRUM TO TAKE OPERA DEEPER INTO THE FABRIC OF THE LOCAL COMMUNITY AND BEYOND. 6966094 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 188 0 1 389 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X RADAR NONPROFIT SOLUTIONS 4842281084 2810 N CHURCH STREET PMB 19231 WILMINGTON DE 19802 MICHAEL J PUZO CHAIR 5.00 X X 0 0 0 MIGUEL DE BRAGANCA VICE-CHAIR 1.00 X X 0 0 0 SUSAN W JACOBS TREASURER 1.00 X X 0 0 0 DR IRVING H PLOTKIN CLERK 1.00 X X 0 0 0 WAYNE DAVIS DIRECTOR 1.00 X 0 0 0 WILLA BODMAN DIRECTOR 1.00 X 0 0 0 LINDA CABOT BLACK DIRECTOR 1.00 X 0 0 0 ALICIA COONEY DIRECTOR 1.00 X 0 0 0 ALAN DYNNER DIRECTOR 1.00 X 0 0 0 ANDREW EISENBERG DIRECTOR 1.00 X 0 0 0 MIMI HEWLETT DIRECTOR 1.00 X 0 0 0 AMELIA WELT KATZEN DIRECTOR 1.00 X 0 0 0 MARIA J KROKIDAS DIRECTOR 1.00 X 0 0 0 CATHERINE BASSICK DIRECTOR 1.00 X 0 0 0 ABIGAIL B MASON DIRECTOR 1.00 X 0 0 0 A NEIL PAPPALARDO DIRECTOR 1.00 X 0 0 0 E LEE PERRY DIRECTOR THROUGH 03/2023 1.00 X 0 0 0 DAVID W SCUDDER DIRECTOR 1.00 X 0 0 0 RAY STATA DIRECTOR 1.00 X 0 0 0 ANNE M MORGAN DIRECTOR 1.00 X 0 0 0 TIMOTHY FULHAM DIRECTOR 1.00 X 0 0 0 VINCENT D ROUGEAU DIRECTOR 1.00 X 0 0 0 LISA HILLENBRAND DIRECTOR 1.00 X 0 0 0 ALEX SENCHAK DIRECTOR 1.00 X 0 0 0 BRADLEY A VERNATTER GENERAL ARTISTIC DIRECTOR AND CEO 40.00 X 187084 0 7730 DAVID A TOMPKINS CHIEF OPERATING OFFICER 40.00 X 104923 0 775 SARA C O'BRIEN SENIOR DIRECTOR OF PUBLIC ENGAGEMENT 40.00 X 100833 0 2641 392840 0 11146 3 0 1 0 RADAR NONPROFIT SOLUTIONS 2810 N CHURCH STREET PMB 1923 WILMINGTON DE 198024447 ACCOUNTING & FINANCIAL CONSULTING 346367 RESILIENT PHIL PO BOX 1919 WINTER PARK FL 327900000 CONSULTING 176000 2 9337471 733216 9337471 TICKET SALES 711110 699622 699622 BROADCAST REVENUE 711110 4601 4601 704223 413773 413773 1376983 1300907 76076 76076 76076 OTHER INCOME 900099 78577 78577 78577 10610120 782800 0 489849 X 379589 284062 55969 39558 3569962 2671548 526382 372032 15250 11560 2383 1307 366520 277916 57354 31250 305887 179175 90795 35917 72013 72013 1973802 923525 860851 189426 172459 159944 12515 303880 232922 49499 21459 222102 36406 173351 12345 34485 34027 158 300 1495577 1306386 84845 104346 429203 362177 43918 23108 16804 5055 10126 1623 21804 21804 147230 133023 14207 101260 52 101208 MISCELLANEOUS 429993 348316 74589 7088 10057820 6966094 2251967 839759 1857903 318330 30594 30613 2543163 5636236 435536 251083 304876 144570 613821 522856 75283 90965 15015257 15563399 130641 1226551 20393253 23261747 601279 668031 315369 420188 150000 150000 108943 1611962 1175591 2850181 X 2024713 -990265 17192949 21401831 19217662 20411566 20393253 23261747 552300 569591 72013 0 X X 0 1 X 1 0 X 7257646 6189354 5782089 4804379 9337471 33370939 7257646 6189354 5782089 4804379 9337471 33370939 9236499 24134440 459883 417597 334295 316564 413773 1942112 35313051 3652702 0.68340 0.91550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16102796 1058191 897589 16263398 18884128 300000 -1600070 1481262 16102796 15616855 3367273 100000 18884128 16847146 55000 -435291 850000 15616855 15430642 1031000 1060504 675000 16847146 0.00000 0.93400 0.06600 0 0 36271 1319 34952 405391 369138 36253 172159 152399 19760 90965 DEPOSITS 4000 OPERATING RIGHT-OF-USE ASSETS 1222551 1226551 REFUNDABLE ADVANCE 76351 OPERATING LEASE LIABILITIES 1244494 LINE OF CREDIT 291117 1611962 X 11319389 569591 139678 709269 10610120 0 10610120 10125485 139678 139678 9985807 72013 72013 10057820 PART X, LINE 2: BLO IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC TOPIC 740 ADDRESSES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES SUCH AS BLO, A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION). BLO RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING BLO'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF JUNE 30, 2023 OR 2022. BLO FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF MASSACHUSETTS. SCHEDULE D, PART V, LINE 4 BLO HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR RESTRICTED FUNDS THAT BLO MUST HOLD IN PERPETUITY. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE PRIMARY LONG-TERM FINANCIAL OBJECTIVE IS TO PRESERVE THE REAL (I.E. INFLATION ADJUSTED) VALUE OF THE ENDOWMENT FUND PORTFOLIO. THIS OBJECTIVE IS MEASURED ON AN INTERMEDIATE AND LONG-TERM BASIS (THREE, FIVE AND TEN YEARS). THE SECONDARY FINANCIAL OBJECTIVES ARE TO PROVIDE WITHIN THE PARAMETERS OF MODERATE RISK; 1) ANNUAL INCOME, DEFINED AS TOTAL RETURN FROM INTEREST, DIVIDENDS AND APPRECIATION IN EXCESS OF INFLATION AND; 2) LONG-TERM GROWTH OF THE ASSETS. TO SATISFY ITS OBJECTIVES, BLO RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST AND DIVIDENDS). BLO TARGETS A DIVERSIIFED ASSET ALLOCATION THAT INCLUDES EQUITIES AND FIXED INCOME INVESTMENTS WITHIN PRUDENT RISK CONSTRAINTS. THE INVESTING AND SPENDING POLICIES ADOPTED INCORPORATE THE TRANSFER OF A PORTION OF THE VALUE OF ENDOWMENT ASSETS TO THE OPERATING BUDGET SUBJECT TO VARIOUS FACTORS. THE SPENDING POLICY IS CALCULATED AS FOLLOWS: BLO MAY, UNDER THE ADVISEMENT OF THE FINANCE COMMITTEE, TRANSFER TO THE OPERATING BUDGET ON A QUARTERLY BASIS AS DETERMINED BY THE CALCULATION FOR THE QUARTER, AN AMOUNT EQUAL TO A PERCENTAGE ESTABLISHED BY THE BOARD EACH FISCAL YEAR USING AT 12-QUARTER ROLLING AVERAGE. X X X X X 0 0 0 0 0 0 0 0 0 BRADLEY A VERNATTER GENERAL ARTISTIC DIRECTOR AND CEO 187084 0 0 0 0 0 2046 0 5684 0 194814 0 0 0 X 11 733216 SELLING PRICE 0 0 0 FORM 990, PART I, LINE 1: BOSTON LYRIC OPERA INSPIRES, ENTERTAINS, AND CONNECTS COMMUNITIES THROUGH COMPELLING OPERA PERFORMANCES, PROGRAMS, AND GATHERINGS. OUR VISION IS TO CREATE OPERATIC MOMENTS THAT ENRICH EVERYDAY LIFE. OUR VALUES: BOLDNESS WE TELL EVOCATIVE STORIES THROUGH MUSIC AND DRAMA ON A LARGE SCALE AND IN UNEXPECTED SETTINGS. WE CELEBRATE THE RICH HISTORY OF OPERA AND PROMOTE ADVENTUROUSNESS, WHICH ADVANCES THE ART FORM, ACCESSES OUR IMAGINATIONS, AND INSPIRES NEW THINKING. COLLABORATION OPERA IS DEEPLY INTERCONNECTED STORYTELLING, MUSIC, AND DESIGN ON AN AMBITIOUS LEVEL THAT REQUIRES MANY PEOPLE'S ARTISTRY, TECHNICAL SKILL, PASSION, PARTICIPATION, AND SUPPORT. WE NURTURE CREATIVE PEOPLE AND PARTNERSHIPS THAT ARE DIVERSE IN THINKING AND EXPERIENCES, AND WE PROVIDE STRUCTURE AND SUPPORT FOR EVERYONE TO THRIVE. CONNECTION WE NURTURE A VITAL ECOSYSTEM OF RELATIONSHIPS AND EXCHANGES THAT ELEVATE THE HUMAN EXPERIENCE AND IMPACT PEOPLE. THESE CONNECTIONS ARE THE FORCE THAT STRENGTHENS US AND OUR COMMUNITIES. LEARNING WE SEEK OPPORTUNITIES TO LEARN NEW IDEAS AND EXPAND OUR MINDS, WHICH DRIVES PROGRESS. WE CREATE TIME AND SPACE TO LISTEN, ENGAGE AND GROW TOGETHER. BELONGING WE ARE COMMITTED TO STORYTELLING THAT REFLECTS A WIDE VARIETY OF PERSPECTIVES AND IDENTITIES AND INVITES EVERYONE TO PARTICIPATE. WE CREATE WELCOMING AND ACCESSIBLE SPACES THAT CELEBRATE THE UNIQUENESS OF OUR COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11B FINAL APPROVAL OF THE ANNUAL AUDITED FINANCIAL STATEMENTS AND CORPORATE TAX RETURNS IS VESTED WITH THE BOARD OF DIRECTORS UPON RECOMMENDATION OF THE EXECUTIVE, AUDIT, AND FINANCE COMMITTEES. A BOARD COMMENT PERIOD IS PROVIDED. FORM 990, PART VI, SECTION B, LINE 12C BLO COLLECTS DISCLOSURE STATEMENTS ANNUALLY FROM ALL BOARD MEMBERS AND FROM STAFF MEMBERS WITH SIGNIFICANT DECISION-MAKING AUTHORITY. POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE CHAIR OF THE BOARD AND/OR GENERAL DIRECTOR OF BLO FOR CONSIDERATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A BLO USES SEVERAL INFORMATION SOURCES TO ESTABLISH COMPENSATION. THESE SOURCES INCLUDE SURVEY OF SALARY INFORMATION FOR POSITION EQUIVALENTS IN SELECTED MASSACHUSETTS CULTURAL INSTITUTIONS, OPERA AMERICA DATA ON SALARIES FROM ITS MOST RECENT SALARY AND BENEFITS SURVEY AND INDEPENDENT RESEARCH. FORM 990, PART VI, SECTION C, LINE 19 BLO DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON BLO'S WEBSITE, CHARITY NAVIGATOR, GUIDESTAR AND THROUGH THE CULTURAL DATA PROJECT (CDP). FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 923,525. MANAGEMENT AND GENERAL EXPENSES 860,851. FUNDRAISING EXPENSES 189,426. TOTAL EXPENSES 1,973,802. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER THE AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS DURING THE TAX YEAR.