2023-06-12T16:08:18-07:00 2022-08-31 990 2021-09-01 510145980 UTAH SYMPHONY & OPERA UTAH 8015335626 123 West South Temple Salt Lake City UT 84101 Steve Hogan VP Finance/CFO 8018699057 2023-04-28 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Utah Symphony l Utah Opera Steve Hogan 123 West South Temple Salt Lake City UT 84101 24923399 0 X usuo.org X 1975 UT Connect the community through great live music. To perform. To engage. To inspire. We do this by serving the people of our state and beyond as the premier provider of the orchestral and operatic art forms. Our orchestral performances span the traditions of the past and challenge what is possible in the future. We offer opera productions that showcase emerging and established artists, celebrate traditional opera, and champion the American operatic tradition. Each summer in Park City we present a variety of musical experiences in Utah's casual mountain lifestyle at the Deer Valley Music Festival. We lead in arts education and promote life-long learning through the arts. We serve as a catalyst for innovation, advocacy, and impact in our state. We truly believe that providing our neighbors, children, friends, and others in our state with high-caliber, live music experiences helps make Utah a great place to live. 58 54 419 501 0 0 21835635 18578071 2401514 6590657 449582 -614537 -73645 219885 24613086 24774076 0 0 0 0 13145381 16431474 0 0 1217500 4493864 7874717 17639245 24306191 6973841 467885 65182568 59593434 4253328 3278764 60929240 56314670 Mission - Connect the community through great live music. Vision - Perform, engage, inspire. The artistic leadership of the organization is committed to representing a broad range of musical styles, including traditional works, contemporary pieces, and new commissions to add to the canon of classical music. Community investment in Utah Symphony | Utah Opera strengthens our economy and enhances our quality of life. Utahns have long recognized that a person's quality of life rests, in part, on the community's commitment to the arts to inspire the human spirit and motivate the betterment of mankind. Over the years, Utah has experienced growth and prominence and continues to become established as a hub for business innovation and scientific research in the United States. Utah Symphony | Utah Opera stands as an influential cultural leader that is often cited by companies as an attraction for a successful and talented workforce to the region. 0 0 11651276 3882897 Code 711130 SYMPHONIC CONCERTS - The Utah Symphony was founded during the Great Depression as a Works Progress Administration orchestra under Roosevelt's New Deal. Today, the Utah Symphony is the premiere orchestra in the Intermountain West and one of only sixteen year-round orchestras in the nation. This ranking compares favorably to Utah's rank of 30th among states in population size. The Utah Symphony presented 75 in-person concerts at Abravanel Hall and in communities throughout Utah, reaching approximately 108,000 audience members during the season. A variety of programs are offered featuring some of the industry's most illustrious artists in performance with the Utah Symphony in programs ranging from Classical Symphonies, to Jazz, to Pops. Please see utahsymphony.org for more information. The Utah Symphony | Utah Opera's Education Program benefits Utah's children and is one of the largest in the country, reached 58,149 students and 2,475 teachers during the 2021/2022 fiscal year. Through our education program offerings, each school in Utah is visited every three to five years. The reach of this programming is far greater than performing arts organizations in other metropolitan areas. In addition to visits to schools, the programs provide opportunities for students to attend performances, rehearsals, master classes, and other great learning events. The community at large is engaged regularly through various Outreach Programs. We present an annual performance for children with special needs and their families reaching over 350 individuals each year, an annual performance for the blind and visually impaired reaching up to 100 members of that community. Other services coordinated by our Education and Outreach Department include a variety of free lectures, internships, on-line learning courses, teacher re-licensure programs, and a Youth Symphony Festival. A stand-out among Utah Symphony | Utah Opera's projects is our local partnership with local museums, art galleries, libraries, film centers, performing arts groups, and scholars, the Festival provides our community opportunities to explore an artistic theme using all their senses. Utah Symphony | Utah Opera is engaged in valuable cooperative relationships with many other non-profit organizations that serve a variety of purposes, including The Road Home, Utah School Boards, Ballet West, Madeleine Cathedral Choir School, Children's Dance Theatre and Utah Shakespeare Festival. It is also notable that, through a close relationship with the communities it serves, Utah Symphony | Utah Opera is able to reinvest into Utah's economy. *The organization employs over 450 individuals each year. *An estimated 93% of Utah Symphony | Utah Opera expenses are fed directly back into the local economy. *Economic development professionals concur that a vibrant symphony and opera are important criteria in attracting new businesses and skilled professionals to Utah. *Source: Salt Lake County Cultural Facilities Master Plan, AMS Consultants, December 2008. 4350796 842707 Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of over 19,000. Utah Opera offered 20 performances of four mainstage productions this year. Utah Opera has a nationally-renowned costume shop, and features some of the top singers, directors, conductors, and designers from around the country. A Resident Artists program provides aspiring young singers an opportunity to refine their craft while performing secondary roles and singing in education and community outreach programs. Please see utahopera.org for more information. A prime example of the services we are able to render to the arts community is the value housed in the Utah Opera Production Studios. One of a kind facility, the Utah Opera Production Studios houses a team of artisans, designers, and skilled craftsmen who bring the art form of opera to life for Utah Opera and performing arts organizations around the world through its sets and costumes construction and rentals programs. The Utah Opera Production Studios bring the integration of all production activities of the Utah Symphony | Utah Opera to one resourceful location (Costume Shop & Rentals, Prop Studio, Scenic Shop & Scenic Studio, Set Storage, Assembly Bay, Rehearsal Hall) and allows the organization to utilize a business model which combines all aspects of both symphonic and operatic art forms. Production needs for performances at Abravanel Hall, the Capitol Theatre, and even the Deer Valley Music Festival can be designed and built with the resources found in this building. This has resulted in valuable cost savings and artistic synergy for the organization and the community. 3288121 1837020 Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its eighteenth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of over 38,000 during the summer season. The festival provides chamber music, classical, family, and pops offerings in many venues: Deer Valley Snow Park Outdoor Amphitheater, St. Mary's Church, and salons in private Park City homes. Please see deervalleymusicfestival.org for more information. 1420244 28033 Other Program services include: Depreciation of Set Equipment - $123,824; Marketing - $654,234; Box Office - $373,522; Education - $241,012; Misc. - $27,652 1420244 0 28033 20710437 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 215 0 1 419 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 58 54 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 UT X X X Steve Hogan 8018699057 336 North 400 West Salt Lake City UT 84103 Steven Brosvik CEO 40 0 X X 327251 0 37674 Madeline Adkins Concertmaster 40 0 X 225122 0 27609 David Green Senior VP & COO 40 0 X 137363 0 25156 Steve Hogan VP of Finance & CFO 40 0 X 134915 0 24058 Kathryn Eberle Ex-officio, Musician 40 0 X 121399 0 14635 Hugh Palmer Ex-officio, Musician 40.00 0 X 77773 0 11079 Doyle Clayburn Ex-officio, Utah Symphony Guild 3 0 X 0 0 0 Thomas M Love Board Chair 20 0 X 0 0 0 Brian Greeff Vice Chair 3 0 X 0 0 0 Doyle L Arnold Vice Chair 3 0 X 0 0 0 John D'Arcy Treasurer 2 0 X 0 0 0 Austin Bankhead Trustee 1.00 0 X 0 0 0 Stewart Barlow Trustee 1 0 X 0 0 0 Judith M Billings Trustee 1 0 X 0 0 0 George Cardon Bystry Trustee 0 0 X 0 0 0 Gary L Crocker Trustee 1 0 X 0 0 0 David Dee Trustee 2 0 X 0 0 0 Barry Eden Trustee 1 0 X 0 0 0 Luz Escamilla Trustee 1 0 X 0 0 0 Julie Aiken Hansen Trustee 1 0 X 0 0 0 Dan Hemmert Trustee 2 0 X 0 0 0 Stephen Tanner Irish Trustee 1 0 X 0 0 0 Thomas N Jacobson Trustee 1 0 X 0 0 0 Annette W Jarvis Trustee 2 0 X 0 0 0 Abigail E Magrane Trustee 1 0 X 0 0 0 Brad W Merrill Trustee 1 0 X 0 0 0 Robin J Milne Trustee 1.00 0 X 0 0 0 Judy Moreton Trustee 1 0 X 0 0 0 Dinesh Patel Trustee 1 0 X 0 0 0 Frank R Pignanelli Trustee 1 0 X 0 0 0 Gary B Porter Trustee 1 0 X 0 0 0 Jason Price Trustee 1 0 X 0 0 0 Shari H Quinney Trustee 1 0 X 0 0 0 Miguel R Rovira Trustee 1 0 X 0 0 0 Joanne F Shiebler Trustee 2 0.00 X 0 0 0 Stan Sorensen Trustee 1 0 X 0 0 0 Shane Stowell Trustee 2 0 X 0 0 0 Naoma Tate Trustee 1 0 X 0 0 0 Thomas Thatcher Trustee 1 0 X 0 0 0 James W Tozer Trustee 1.5 0 X 0 0 0 Astrid S Tuminez Trustee 1 0 X 0 0 0 David Utrilla Trustee 1.5 0 X 0 0 0 Kelly Ward Trustee 1 0 X 0 0 0 Jennifer Webb Trustee 1 0 X 0 0 0 Richard Williams Trustee 1 0 X 0 0 0 Kim R Wilson Trustee 1 0 X 0 0 0 Thomas Wright Trustee 2 0 X 0 0 0 Henry C Wurts Trustee 1 0 X 0 0 0 William Bailey Lifetime Trustee 0 0 X 0 0 0 Kem C Gardner Lifetime Trustee 2 0 X 0 0 0 Jon M Huntsman Jr Lifetime Trustee 0 0 X 0 0 0 G Frank Joklik Lifetime Trustee 1 0 X 0 0 0 Clark D Jones Lifetime Trustee 0 0 X 0 0 0 Herbert C Livsey Esq Lifetime Trustee 0 0 X 0 0 0 David T Mortensen Lifetime Trustee 1 0 X 0 0 0 Scott S Parker Lifetime Trustee 0 0 X 0 0 0 David A Petersen Lifetime Trustee 1 0 X 0 0 0 Patricia A Richards Lifetime Trustee 3 0 X 0 0 0 Harris Simmons Lifetime Trustee 0 0 X 0 0 0 Verl R Topham Lifetime Trustee 0 0 X 0 0 0 David B Winder Lifetime Trustee 0 0 X 0 0 0 1023823 0 140211 9 0 1 0 Love Communications 546 South 200 West Salt Lake City UT 84101 Marketing 892578 Salt Lake County Center - Arts 50 West 200 South Salt Lake City UT 84101 Venue 477727 Thierry Fischer 10 Avenue du Mervelet Geneva SZ 1209 Conductor 455400 Deer Valley Resort Co PO Box 1525 Park City UT 840601525 Venue 310468 IMG Artists LLC 7 West 54th Street New York NY 10019 Artistic Talent 245555 11 0 0 0 0 9786012 8792059 0 18578071 Performance Symphony 711130 3882897 3882897 0 0 Performance Opera 711110 842707 842707 0 0 Deer Valley Music Festival 711130 1837020 1837020 0 0 Misc 711110 28033 28033 0 0 0 0 0 0 6590657 -614537 0 0 -614537 0 0 0 0 0 0 0 0 0 369208 0 149323 0 219885 219885 0 0 219885 0 0 0 0 24774076 6590657 0 -394652 X 1534000 788944 453166 291890 11656018 10768000 496639 391379 965115 822923 83048 59144 1384655 1211253 99435 73967 891686 823752 37993 29941 154874 154874 3795 3795 21860 21860 2763601 2763601 1807476 1249204 250601 307671 59802 59802 88915 88915 554257 480175 74082 668680 656938 11742 30336 30336 503 503 348383 123824 224559 76052 76052 Production 1170354 1020328 148337 1689 General Administration 67805 1495 66310 0 Guild 58024 0 0 58024 0 24306191 20710437 2378254 1217500 475314 3432190 9851705 4027905 1724661 3390445 3266157 1849287 6449 0 588572 810693 9591999 6948385 2974301 2643614 46192371 43344105 6900 6900 45290 37447 50848 50848 65182568 59593434 1269401 932021 2983926 2346742 0 1 1 4253328 3278764 X 15219686 15687571 45709554 40627099 60929240 56314670 65182568 59593434 X 467885 -6585326 0 0 0 1502871 X 0 1 X 1 1 1 X 10442490 10521404 10280021 17867036 21504993 70615944 2438377 2438722 2519136 2691335 2926922 13014492 0 0 0 0 12880867 12960126 12799157 20558371 24431915 83630436 83630436 1826081 1841884 2122636 594598 -636397 5748802 0 0 0 0 0 0 71985 62227 49858 18968 369208 572246 89951484 21628798 0.92973 0.89578 X Schedule A, Part II, Line 10 Other income from audition fees, instrument rentals, boutique sales, sheet music rental, and insurance proceeds. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 1 3795 0 0 0 3795 0 Schedule C, Part II-B, Line 1 ZAP Reauthorization - a County sales tax which supports Zoo, Arts, and Parks. 48306306 1804912 -5378030 0 0 233648 44499540 40834051 377555 7202049 0 0 107349 48306306 38873436 -56804 3740835 0 1658705 64711 40834051 35421587 5129028 563815 0 2130775 83219 38900436 33032910 1144273 2999459 0 1671619 83436 35421587 0.19 0.79 0.02 0 0 0 229500 229500 0 5472471 3849746 1622725 0 344312 153182 191130 0 1379565 1299674 79891 0 2166151 1645783 520368 2643614 0 Bank Line of Credit (Limit $2,100,000) 1 1 20184936 -6585326 341024 0 1527699 -4716603 24901539 21860 -149323 -127463 24774076 24799506 341024 0 0 174151 515175 24284331 21860 0 21860 24306191 Schedule D, Part V, Line 4 US&O uses 4% to 5% of a quarterly average of the past 12 quarters to help contribute to the program expense of the organization. No draws were taken during years ended August 31, 2022 and 2021. Schedule D, Part XI, Line 2d Interest and dividends on Endowment $764,230; Realized gains $1,047,294; Endowment Expenses ($214,778); Contributions to Endowment $1,409,629; Contributions for future use $2,966,882; Release of contributions intended, by donor, for current year ($1,312,621); Endowment Draws 0 ; Government grants for future use $825,049; Release of prior government grants ($3,957,986). Schedule D, Part XI, Line 4b Costume/set rental expenses recognized as an offset to rental revenues on tax return ($149,323) Schedule D, Part XII, Line 2d Allowance for Bad Debt $24,828; Costume/set rental expenses recognized as an offset to rental revenues on tax return $149,323 X X X 0 0 0 0 0 0 0 0 0 Steven Brosvik CEO 327751 0 0 0 0 0 31036 0 27609 0 386396 0 0 0 Madeline Adkins Concertmaster 225122 0 0 0 0 0 23625 0 27609 0 276356 0 0 0 David Green Senior VP & COO 137363 0 0 0 0 0 21395 0 25156 0 183914 0 0 0 Steve Hogan VP of Finance & CFO 134915 0 0 0 0 0 14895 0 24058 0 173868 0 0 0 Kathryn Eberle Ex-officio, Musician 121399 0 0 0 0 0 17020 0 14635 0 153054 0 0 0 Hugh Palmer Ex-officio, Musician 77773 0 0 0 0 0 14760 0 11079 0 103612 0 0 0 Tom Love Board Chair 892578 Marketing & Advertising 0 Schedule L, Part IV Tom Love abstains from any voting related to business relationship with Love Communications. Tom does not work on the Love Communication account with US&O. X 20 282315 Avg between high and low 0 1 1 Schedule M, Part I, Line 32b Stock brokers to immediately sell stock donations. Form 990, Part VI, Section A, Line 2 Our board is made up of community leaders and as such some business relationships exist and our conflict of interest policy and process adequately reveals and manages these so they are not conflicts for the organization. Form 990, Part VI, Section A, Line 7a The Corporation may have two or more appointed ex officio voting Trustees of the Board. These positions shall be comprised of the following: (i) one Utah Symphony Guild representative; (ii) one OnStage Ogden representative; and (iv) such representatives of auxiliary and advisory organizations and guilds as elected by their respective organizations and guilds. Two Musicians, as provided in the Collective Bargaining Agreement between the Corporation and American Federation of Musicians, Local 104, are voting Trustees of the Board. Form 990, Part VI, Section B, Line 11b The 990 is prepared by the Controller and CFO, reviewed by Audit and Executive committees. It is also posted to website for entire board review. Form 990, Part VI, Section B, Line 12c Conflict of interest is reviewed at time of entry to board and annually at first meeting of the fiscal year. Management acquires signed statement from each board member. The values governing the affairs of Utah Symphony & Opera (USUO) are Excellence, Integrity, Trust, and Communication. Staff members are encouraged in their individual capacities to represent these values and to exemplify the highest standards of ethical behavior in all they do and say. They are thus encouraged to do their utmost to respect the rights and dignity of other persons; to be honest, accurate, and open-minded in the presentation of information and ideas; when accounting for US&O's assets or handling financial transactions; when soliciting contributions; when representing US&O before governmental leaders, charitable foundations, patrons, and donors; or when dealing with vendors, partners, lessees, and other parties. A conflict of interest is defined as any circumstance that would cast doubt on the ability of a member of the staff to act with total objectivity with regard to the US&O's best interest. No member shall use his or her position, or the knowledge gained from his or her position in such a manner that a conflict arises between the interest of the organization and the staff member's personal interests. An actual or potential conflict of interest may occur when an employee is in a position to influence a decision that may result in personal gain for that employee or for a relative as a result of business dealings. For the purposes of this policy, a relative is any person who is related by blood or marriage, or whose relationship with the employee is similar to that of persons who are related by blood or marriage. USUO relies on its employees to exercise their responsibilities to the organization in good faith. As a consequence of representing USUO, employees may be in a position to establish personal relationships with patrons and donors or obtain confidential information concerning them. Employees may not, directly or indirectly solicit or accept money, loans, expensive gifts, travel, extravagant entertainment, or preferential treatment from such individuals. Employees may not use any information obtained about patrons and donors to further their personal interests during their employment with US&O or after their termination with US&O. In addition to this, the materials, products, designs, plans, ideas, and data of US&O should never be given or sold to an outside agency, firm or person except through normal channels and with appropriate authorization. Any improper transfer of material or disclosure of information, even though it is not apparent that an employee has personally gained by such action, constitutes unacceptable conduct. Any employee who participates in such a practice will be subject to disciplinary action, up to and including possible discharge. Having a conflict of interest may not necessarily indicate a professional transaction cannot occur. However, it is the duty of each staff member to disclose annually any actual or possible conflicts of interest in writing to the Director of Human Resources and Department Head. In the absence of an HR director all disclosures may be communicated to the COO. The employee is expected to provide all material facts and personal interests that may be determined to present a conflict of interest before any discussion or negotiation of a transaction takes place. Immediately upon becoming aware of the possible conflict of interest, the Director of Human Resources and Department Head will discuss the conflict with the COO to determine whether a particular conflict of interest is fair to the organization. The Director of Human Resources, and or Department Head will respond in writing to the employee within 30 days of disclosure. If agreement is not reached, the final determination will be made by the President/CEO. Form 990, Part VI, Section B, Line 15 League of American Orchestras Survey for salaries, Opera America, recruiting firm using comparable data, task force of board members as a search committee Form 990, Part VI, Section C, Line 19 We post to our website and provide copies upon request. The board meeting schedules are also available on our website which allows interested persons to attend meetings and request information. Conflict of interest policy is distributed annually. https://usuo.org/our-company/financial-statements-resources/ and https://usuo.org/our-company/board-of-trustees/ Form 990, Part IX, Line 11g Guest Artists $1,739,263; Guest Conductors $741,923; Other Production Personnel $236,511; Travel $16,680; Misc. $29,224 Form 990, Part XI, Line 9 Government grants for future period-temporary restricted - $825,049; Government grants from prior period released to operations - ($3,957,986); Contributions for future period-temporary restricted - $2,966,882; Contributions from prior period released to operations - ($1,312,621); Contributions to endowment-permanent restricted - $1,409,629; Interest-temporary restricted - $8,941; Interest-permanent restricted - $293,050; Dividends-temporary restricted - $13,833; Dividends-permanent restricted - $448,406; Realized gain-temporary restricted - $31,361; Realized gain-permanent restricted - $1,015,933; Management Fees-temporary restricted - ($6,394); Management Fees-permanent restricted - ($208,384); Draws temporary restricted - 0; Draws from endowment-permanent restricted - 0; Allowance for bad debts-temporary restricted - $(24,828); Allowance for bad debts-permanent restricted - $0.