2023-05-15T10:41:39-05:00 2022-06-30 390859910 BAKER TILLY US LLP 2055 E WARNER RD SUITE 101 TEMPE AZ 85284 990 2021-07-01 237169261 ARIZONA OPERA COMPANY ARIZ 6022667464 1636 N CENTRAL AVENUE PHOENIX AZ 85004 JOSEPH SPECTER PRESIDENT AND GENERAL DIRECTOR 6022667464 2023-05-12 1 JOSEPH SPECTER 999009999 COLETTE KAMPS CPA P00367616 5208368201 2023-05-11 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOSEPH SPECTER 1636 N CENTRAL AVE PHOENIX AZ 85004 12364986 0 X WWW.AZOPERA.ORG X 1971 AZ ARIZONA OPERA ELEVATES THE TRANSFORMATIVE POWER OF STORYTELLING THROUGH MUSIC - CULTIVATING COMMUNITY AND STRENGTHENING A STATE AND PEOPLE AS ADVENTUROUS AND DIVERSE AS THE PLACE THEY CALL HOME. 26 26 287 130 -67189 0 5115953 10934024 54585 1174485 29564 37881 3014 -117110 5203116 12029280 0 0 0 0 2055158 3378510 0 0 473587 2240367 4619447 4295525 7997957 907591 4031323 9811779 13623494 1802385 2868478 8009394 10755016 X ARIZONA OPERA ELEVATES THE TRANSFORMATIVE POWER OF STORYTELLING THROUGH MUSIC - CULTIVATING COMMUNITY AND STRENGTHENING A STATE AND PEOPLE AS ADVENTUROUS AND DIVERSE AS THE PLACE THEY CALL HOME. 0 0 5942366 1278189 THE SEASON BEGAN WITH THE DIGITAL PREMIERE OF THE COPPER QUEEN FILM. THE FILM HAD A 9-DAY RUN AT SELECT HARKINS THEATERS IN SCOTTSDALE AND TUCSON IN OCTOBER 2021. THE FILM WAS ALSO MADE AVAILABLE VIA OUR NEW AZO ONDEMAND CHANNEL. IT QUICKLY WON ITS FIRST FILM FESTIVAL AWARD FROM THE TORONTO INTERNATIONAL WOMEN FILM FESTIVAL AND WAS AN OFFICIAL SELECTION AT THE PHOENIX FILM FESTIVAL IN MARCH 2022. IN DECEMBER 2021, AZO RETURNED TO IN-THEATER PERFORMANCES WITH THE REGIONAL PREMIERE OF A NEW, HOLIDAY-THEMED MARIACHI OPERA, EL MILAGRO DEL RECUERDO, AS PART OF THE MCDOUGALL RED SERIES. THESE PERFORMANCES WERE HELD AT OUR TRADITIONAL FALL VENUES: THE HERBERGER THEATER CENTER IN PHOENIX AND THE TEMPLE OF MUSIC AND ART IN TUCSON. THE SEASON CONTINUED WITH IN-THEATER PERFORMANCES OF CARMEN, A LITTLE NIGHT MUSIC, AND COSI FAN TUTTE IN THE MAIN STAGE SERIES, TAKING PLACE AT SYMPHONY HALL IN PHOENIX AND THE TUCSON MUSIC HALL (RENAMED RECENTLY AS "LINDA RONSTADT MUSIC HALL"). THE IN-THEATER SEASON CONCLUDED IN APRIL 2022, WITH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS EXTENDING THROUGH THE REMAINDER OF THE FISCAL YEAR. DESPITE ANTICIPATED LOWER DEMAND FOR TICKETS AS PATRONS CONTEMPLATED RETURNING TO THE THEATER, ARIZONA OPERA SUCCESSFULLY COMPLETED ITS ENTIRE SEASON WITHOUT CANCELING A SINGLE PERFORMANCE OR REPLACING ANY PERFORMERS DUE TO ILLNESS. IN ADDITION, THE COMPANY ALSO RETURNED TO IN-PERSON COMMUNITY AND K-12 EDUCATION PROGRAMS IN ADDITION TO ITS ONGOING VIRTUAL OFFERINGS, REACHING OVER 15,000 STUDENTS ACROSS ARIZONA. 5942366 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 85 0 287 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X ARIZONA OPERA 6022667464 1636 N CENTRAL AVENUE PHOENIX AZ 85004 DR STEPHEN MUNK CHAIR 2.00 X X 0 0 0 ERIK PETERSON VICE CHAIR 2.00 X X 0 0 0 SCOTT STALLARD TREASURER 2.00 X X 0 0 0 KAY MCDOUGALL SECRETARY 2.00 X X 0 0 0 SHARON LANDIS IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 DAVID J BOLGER DIRECTOR 2.00 X 0 0 0 JEAN S COOPER DIRECTOR 2.00 X 0 0 0 ANDREA CRANE DIRECTOR 2.00 X 0 0 0 BARRY FINGERHUT DIRECTOR 2.00 X 0 0 0 NANCY FOSTER DIRECTOR 2.00 X 0 0 0 KAREN FRUEN DIRECTOR 2.00 X 0 0 0 GARY GREENBAUM DIRECTOR 2.00 X 0 0 0 DAVID HEAP DIRECTOR 2.00 X 0 0 0 JENNIFER HOLSMAN TETREAULT DIRECTOR 2.00 X 0 0 0 KIMBERLY J KAUFFMAN DIRECTOR 2.00 X 0 0 0 DR JENNY AUGER MAW DIRECTOR 2.00 X 0 0 0 SHERRY MIDDLEMAS DIRECTOR 2.00 X 0 0 0 DR HERSCHEL ROSENZWEIG DIRECTOR 2.00 X 0 0 0 JEANNETTE JUNG SEGEL DIRECTOR 2.00 X 0 0 0 DAVE SCOGGINS DIRECTOR 2.00 X 0 0 0 COLONEL RET KIMBERLEY SMITH DIRECTOR 2.00 X 0 0 0 LINDA STAUBITZ DIRECTOR 2.00 X 0 0 0 HEATHER STRICKLAND DIRECTOR 2.00 X 0 0 0 SHOSHANA TANCER DIRECTOR 2.00 X 0 0 0 ROMA WITTCOFF DIRECTOR 2.00 X 0 0 0 JUDITH JUDY G WOLF PHD DIRECTOR 2.00 X 0 0 0 JOEPH SPECTER PRESIDENT & GENERAL DIRECTOR 40.00 X 261042 0 8396 JOANN SERRA DIRECTOR OF FINANCE 40.00 X 100412 0 0 361454 0 8396 2 0 1 0 MANLEYSME PRODUCTIONSDBAMANLEY FILMS 650 N 6TH AVE PHOENIX AZ 85003 VIDEO PRODUCTION, IT SERVICES 256813 LEWIS & ROCA LLP PO BOX 51543 LOS ANGELES CA 90051 LEGAL SERVICES/CONSULTING 253740 2 612322 1996962 8324740 2058 10934024 TICKET SALES AND HANDLING FEES 711110 1096547 1096547 EDUCATION INCOME 711110 48994 48994 OTHER PROGRAM REVENUE 711110 28944 28944 1174485 30326 30326 11154 78343 -67189 -67189 -67189 76600 69045 7555 7555 7555 31952 612322 185577 -153625 -153625 3350 0 3350 3350 3019 2741 278 278 EQUIPMENT RENTAL 900099 84119 84119 OTHER 900099 15957 15957 100076 12029280 1278189 -67189 -115744 X 357420 357420 2382511 2031105 139173 212233 480 480 366047 224353 118933 22761 272052 229084 26266 16702 378 378 257156 257156 98969 98969 18363 18363 1042847 932082 15862 94903 449613 449613 168761 8104 159853 804 153924 87885 66039 37447 37447 360584 148310 212274 554815 512834 40969 1012 1317 1317 384328 361091 10040 13197 47046 47046 PRODUCTION MATERIALS 723533 723533 COMMUNITY ENGAGEMENT EX 146133 146133 RECEPTIONS AND EVENTS 111766 111766 MISCELLANEOUS EXPENSES 37332 36319 804 209 25135 14473 10662 7997957 5942366 1582004 473587 1976464 801288 289957 649923 2314708 2344540 5 0 180834 169340 8145066 3103763 2065837 5041303 2489320 2207548 2127780 776424 2 9811779 13623494 664190 340845 671579 451935 27416 2075698 439200 1802385 2868478 X 2394849 5962302 5614545 4792714 8009394 10755016 9811779 13623494 X 4031323 -323352 -962349 X 0 1 X 1 1 1 X 7716884 7462458 5293838 4724527 10934024 36131731 7716884 7462458 5293838 4724527 10934024 36131731 4163712 31968019 47 6781 4300 4084 30326 45538 5543 5543 2941 232 3284 100076 106533 36289345 6590796 0.88090 0.65760 X 0.65760 0.00040 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2498247 1500200 -274802 76600 18363 3628682 1309058 902056 287133 2498247 1371573 -27615 34900 1309058 452296 951500 8158 40381 1371573 200261 251500 535 452296 1.00000 1 0 1655631 1655631 2957000 629671 2327329 3478255 2441593 1036662 54180 32499 21681 5041303 INVESTMENTS HELD AT AZ COMM FOUNDATION 2127780 F 2127780 X 11779738 -323352 -323352 12103090 18363 -92173 -73810 12029280 9034116 962349 92173 1054522 7979594 18363 18363 7997957 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS CONSIST OF 3 DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO SUPPORT THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION RECOGNIZES UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL NOT BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AT JUNE 30, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME -78,343. FUNDRAISING EVENT EXPENSES NETTED AGAINST INCOME -13,830. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED AGAINST INCOME 13,830. RENTAL EXPENSES NETTED AGAINST RENTAL INCOME 78,343. GALA 609274 577322 31952 4902 45271 55428 2860 35001 RED PARTY 35000 35000 8853 2755 30507 644274 612322 31952 4902 45271 64281 5615 65508 185577 -153625 X X X X 0 0 0 0 0 0 0 0 0 JOEPH SPECTER PRESIDENT & GENERAL DIRECTOR 261042 0 0 0 0 0 0 0 8396 0 269438 0 0 0 PART I, LINE 3 THE BOARD REVIEWS COMPENSATION ON A REGULAR BASIS. THE SALARY OF THE GENERAL DIRECTOR AND OTHER OFFICERS OF THE ORGANIZATION ARE COMPARED TO SIMILAR ORGANIZATIONS IN SIZE AS WELL AS OTHER INDEPENDENT DATA. THE GENERAL DIRECTOR AND ADMINISTRATION DO NOT PARTICIPATE IN THE REVIEWS. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 BEFORE IT IS FILED. THE DIRECTOR OF FINANCE AND PRESIDENT REVIEW AND APPROVE A DRAFT OF THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTANTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS COMPENSATION ON A REGULAR BASIS. THE SALARY OF THE GENERAL DIRECTOR AND OTHER OFFICERS OF THE ORGANIZATION ARE COMPARED TO SIMILAR ORGANIZATIONS IN SIZE AS WELL AS OTHER INDEPENDENT DATA. THE GENERAL DIRECTOR AND ADMINISTRATION DO NOT PARTICIPATE IN THE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AS WELL AS THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G SOLOIST/CONDUCTOR/DIRECTOR & OTHER FEES: PROGRAM SERVICE EXPENSES 857,386. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 857,386. MARKETING: PROGRAM SERVICE EXPENSES 74,696. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,696. CONSULTING AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,862. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,862. DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 94,903. TOTAL EXPENSES 94,903. FORM 990, PART XI, LINE 9: LOSS ON ASSET IMPAIRMENT FOR CAPITALIZED FILM COSTS -830,588. LOSS ON UNCOLLECTIBLE PROMISE TO GIVE -131,761. COPPER QUEEN PRODUCTIONS LLC 1636 NORTH CENTRAL AVE PHOENIX AZ 85004 PRODUCE AND ACQUIRE INTELLECTUAL PROPERTY, FILM AZ -1034721 1500 ARIZONA OPERA COMPANY ARIZONA OPERA OVERTURE LLC 1636 NORTH CENTRAL AVE PHOENIX AZ 85004 ACQUIRE AND OPERATE A RENTAL PROPERTY MAINLY FOR THE BENEFIT OF ARTISTS AZ -55000 2957000 ARIZONA OPERA COMPANY