2024-11-14T10:22:51-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 SCOTT GUZIELEK PRESIDENT & ARTISTIC DIRECTOR 2157351685 2024-11-13 1 0 DAVID M SEKERAK P01395497 2156433900 2024-11-13 2023 2024-10-15 13:58:12Z SCOTT GUZIELEK 1920 SPRUCE STREET PHILADELPHIA PA 19103 7822277 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 31 31 90 33 0 0 2609098 2486420 297707 337471 2441646 3499721 -37541 11858 5310910 6335470 299425 325235 0 0 2555298 2507628 0 0 383951 1899918 1621006 4754641 4453869 556269 1881601 46475598 50209537 2781325 2519511 43694273 47690026 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 3303908 325235 337471 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 2023-24 AVA OPERA THEATRE SEASON. OCTOBER'S NEW ARTISTS RECITAL, WHERE SIX FIRST-YEAR RESIDENT ARTISTS WERE INTRODUCED, STARTED THE SEASON FOLLOWED AGAIN BY THE ANNUAL GIARGIARI BEL CANTO COMPETITION. THE SEASON OFFICIALLY OPENED WITH DONIZETTI'S ANNA BOLENA. THE WINTER RECITAL EXPLORED ART SONG WITH A SPECIAL MULTI-SINGER FORMAT OF SCHUBERT'S SONG CYCLE WINTERIESSE. THE WINTER OPERA WAS BENJAMIN BRITTEN'S CHAMBER OPERA THE RAPE OF LUCRETIA. MARCH SAW TWO PERFORMANCES OF JUBILATE!, OUR POPULAR ANNUAL CONCERT OF SACRED MUSIC. THIS YEAR'S REPERTOIRE FEATURED HIGHLIGHTS FROM MAJOR WORKS BY DVORAK, ROSSINI'S II BARBIERE DI SIVILGIA, PERFORMED AT AVA, THE HAVERFORD SCHOOL, CENTRAL BUCKS SOUTH HIGH SCHOOL, AND THE ZOELLNER ARTS CENTER IN THE LEHIGH VALLEY IN APRIL AND MAY. 3303908 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 48 0 90 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 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 PRES/ARTISTIC DIR TO AUG 2023 40.00 X 110000 0 26464 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 37545 SCOTT GUZIELEK PRES/ARTISTIC DIR EFF AUG 2023 40.00 X 159000 0 16998 SUSAN L MOCK FORMER CFO (OFFICER) 40.00 X 55665 0 9445 BRYAN J HYMEL VP, GLOBAL/ARTISTIC OUTREACH 40.00 X 112800 0 0 CONSTANTINA CHRISTOU CFO 40.00 X 131737 0 14751 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 NEAL W KROUSE VICE CHAIR & SECRETARY 2.00 X X 0 0 0 DR DIANE COLE AHL 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 JULIE FAIRMAN DIRECTOR 2.00 X 0 0 0 LILY FERRY DIRECTOR 2.00 X 0 0 0 SCOTT HICKMAN DIRECTOR 2.00 X 0 0 0 I GAIL HOWARD 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 ROCHELLE MAGARICK 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 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 II DIRECTOR 2.00 X 0 0 0 MARIA G VOGIATZI MD 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 PETER GOULD DIRECTOR TO JUL 2023 2.00 X 0 0 0 ANTHONY P JANNETTA DIRECTOR TO JUL 2023 2.00 X 0 0 0 719202 0 105203 5 1 1 0 0 380993 11560 2093867 302301 2486420 PERFORMANCE AND FEES 711110 328637 328637 HCW THEATER RENTALS 531190 8834 8834 337471 1513636 1513636 3299424 22000 1335339 0 1964085 22000 1986085 1986085 163283 380993 151468 11815 11815 MISCELLANEOUS 900099 43 43 43 6335470 337471 0 3511579 325235 325235 382684 34286 348398 1763648 1420987 97390 245271 75968 64151 4625 7192 120665 96434 4305 19926 164663 112449 32665 19549 71640 71640 286111 224184 61927 118715 118715 34152 5078 29074 91444 46687 17034 27723 91327 91327 47643 47643 99302 94867 4435 242254 178695 34600 28959 66163 56198 9965 OTHER PRODUCTION EXP. 337372 337372 OTHER FUNDRAISING EXP. 35331 35331 99552 97243 2309 4453869 3303908 766010 383951 165086 54958 125503 121473 177587 183578 2277 4279 33148 19012 8627391 4762400 4089662 3864991 33366468 36698643 8515867 9262603 46475598 50209537 29705 22103 51326 7629 2577271 2409056 123023 80723 2781325 2519511 X 17141110 18615662 26553163 29074364 43694273 47690026 46475598 50209537 X 1881601 1338154 775998 X 0 1 X 1 0 X 2494031 4023725 2778453 2609098 2486420 14391727 2494031 4023725 2778453 2609098 2486420 14391727 763475 13628252 1400469 1052025 1402236 1679405 1513636 7047771 4012 10700 14712 253 252 1520 304 43 2372 21456582 1202011 0.63520 0.63910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 253. 2020 AMOUNT: $ 252. 2021 AMOUNT: $ 1,520. 2022 AMOUNT: $ 304. 2023 AMOUNT: $ 43. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33366468 140826 4722174 324825 1206000 36698643 31365726 205425 3562742 299425 1468000 33366468 37674940 460300 -5355214 329300 1085000 31365726 29217061 1472200 8285879 338000 962200 37674940 29364083 204456 1247978 262000 1337456 29217061 0.46569 0.53432 0.00000 0 0 448000 448000 7347602 4162344 3185258 14679 6850 7829 698209 503631 194578 118901 89575 29326 3864991 BENEFICIAL INTEREST IN TRUSTS 9228289 RIGHT-OF-USE ASSETS 34314 9262603 LEASE LIABILITY 79443 GIFT ANNUITY CONTRACT PAYABLE 1280 80723 X 8554450 1338154 800998 2139152 6415298 71640 -151468 -79828 6335470 4536822 154593 154593 4382229 71640 71640 4453869 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 775,998. DONATION OF PIANO RECORDED ON PY 990 25,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -151,468. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 151,468. DEPRECIATION EXPENSE FOR DONATED PIANO RECORDED ON PY 990 3,125. 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, PHILADELPHIA CULTURAL FUND. THE AMOUNT OF THIS GRANT FOR THE FISCAL YEAR WAS $11,560. GALA 410163 287114 123049 4000 51913 5760 20453 OPENING NIGHT 58450 40915 17535 28124 3746 2 75663 52964 22699 22326 9268 5878 544276 380993 163283 4000 102363 15028 30077 151468 11815 1 STUDENT FELLOWSHIP AWARDS 22 317475 STUDENT SUMMER STUDY GRANTS 5 7350 STUDENT GRANTS 1 410 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. STUDENT GRANTS ARE ISSUED TO PROVIDE ADDITIONAL ASSISTANCE TO RESIDENT ARTISTS IN HARDSHIP SITUATIONS. SPECIFICALLY IDENTIFIED EXPENSES ARE REVIEWED AND APPROVED FOR REIMBURSEMENT. X 0 0 0 0 0 0 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 30045 0 187545 0 0 0 SCOTT GUZIELEK PRES/ARTISTIC DIR EFF AUG 2023 159000 0 0 0 0 0 7950 0 9048 0 175998 0 0 0 SUSAN L MOCK FORMER CFO (OFFICER) 55665 0 0 0 0 0 2783 0 6662 0 65110 0 0 0 X 13 302301 FMV ON DATE OF GIFT 0 0 1 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 775,998.