2023-12-11T17:47:15-07:00 2023-06-30 990 2022-07-01 750945915 FORT WORTH OPERA ASSOCIATION INC FORT 8177310833 1612 Summit Ave Suite 202 Fort Worth TX 76102 Angela Turner Wilson General and Artistic Director 8173003626 2023-12-14 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z X Angela Turner WIlson 1612 Summit Ave Suite 202 Fort Worth TX 76102 2478375 0 X www.fwopera.org X 1987 TX The mission of Fort Worth Opera is to enrich people's lives with performances and programs that educate, entertain, inspire, and expand the horizons of current and future audiences. 23 23 69 33 0 0 1462581 2169652 314827 249929 601 11302 0 -29556 1778009 2401327 0 0 0 0 759264 877737 0 0 218311 1231218 1430500 1990482 2308237 -212473 93090 523670 614487 622874 621415 -99204 -6928 The mission of Fort Worth Opera is to enrich people's lives with performances and programs that educate, entertain, inspire, and expand the horizons of current and future audiences. 0 0 951495 0 0 FY23 was the continuation of our economic recovery from the Covid 19 pandemic. We produced smaller staged opera performances throughout the year. We started in October, Hispanic Heritage month, with productions of El Fuego de Una Mujer and Noches de Zarzuela at Fort Worth's historic northside venue, Rose Marine Theater. For the third year, we produced an amazing concert titled A Night of Black Excellence. We produced three of our opera performances at the new Texas Christian University Van Cliburn Hall, starting with Of Thee I Sing!. We next performed An African American Requiem and ended our season with Verdi's Aida. This was a star studded production featuring Michelle Bradley, Tichina Vaughn, Ben Gulley, and Morris Robinson. 229370 0 0 The Fort Worth Opera Studio, founded in 2002, includes four young Lesley Artists chosen each year from national auditions to be in residence with Fort Worth Opera in order to continue their training as they prepare for professional careers. They perform in the FWO children's Opera Theater in addition to roles in our main productions and civic impact shows. Additionally, these young artists receive lessons and coaching, language and movement classes as well as classes on Opera as a business. 379502 0 0 Children's Opera Theatre, in existence for over thirty years, reaches over 30,0000 students each year in the Dallas-Fort Worth Metroplex. Additionally, this department has expanded and repositioned itself to include Civic Impact and Engagement performances. This allows us to not only reach children in area schools, but also at events both adults and children are gathered. This year's shows produced for the children were Bienvenidos! and Hansel and Gretel. 0 0 0 1560367 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 133 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X X Angela Turner Wilson 8177310833 1612 Summit Ave Suite0202 Fort Worth TX 76102 Ms Afton Battle General Director (Resignation effective 11-23-22) 40 0 X X X 99616 0 9437 Ms Mary Goosens CFO Consultant 20 0 X 48000 0 0 Angela Turner Wilson General and Artistic Director (Effective 12-12-22) 40 2 X X 2692 0 0 Mrs Jill Fischer Chairman Emeritus 1 0 X 0 0 0 Allie Beth Allman Trustee (Added 3-7-23) 1 0 X 0 0 0 Keon Anderson Trustee 1 0 X 0 0 0 Dr Nelson E Claytor Trustee 1 0 X 0 0 0 Nicole Duvall Secretary 2 0 X 0 0 0 Robert Estrada Trustee (Added 3-7-23) 1 0 X 0 0 0 Judy Bennet Garner Trustee 2 1 X 0 0 0 Mrs Jennifer Goldberg Trustee 1 0 X 0 0 0 Mr Robert L Jameson Trustee 1 0 X 0 0 0 Barbara Jordan Treasurer 2 0 X 0 0 0 Teresa Carter King Trustee (Added 3-7-23) 1 0 X 0 0 0 Dr Ryan Krause Trustee (Resigned 6/30/23) 2 0 X 0 0 0 Ashley Lacamp Trustee 1 0 X 0 0 0 Mr Joseph Lesley Trustee 1 0 X 0 0 0 Mr Bond Malone Trustee (Resigned 2-16-2023) 1 0 X 0 0 0 Mr Guy Manning Trustee 1 0 X 0 0 0 Mr Michael Martinez Trustee 1 0 X 0 0 0 Susie Olmos-Soto Trustee 1 0 X 0 0 0 Skylar Brogdon O'Neal Trustee (Added 3-7-23) 1 0 X 0 0 0 Mary Pencis Trustee 1 0 X 0 0 0 Katherine Polenz Trustee 1 0 X 0 0 0 Vernon Rew Trustee 1 0 X 0 0 0 Ebony Rose Trustee 1 0 X 0 0 0 Hayne Shumate Interim Board Chair 2 0 X 0 0 0 150308 0 9437 1 1 0 0 Fort Worth Symphony Orchestra Association Inc 333 W 4th Street Suite 200 Fort Worth TX 76102 Orchestra performance In conjunction with Opera 157271 Ellison Office Partners LLC c/o Advisors Commercial Real Estate 2000 E Lamar Blvd Suite 710 Arlington TX 76006 FWO office space rented 116200 0 0 0 44572 0 499534 1625546 0 2169652 Tickets 711110 130256 130256 0 0 Program Performance Fees 711110 119673 119673 0 0 0 0 0 0 249929 4771 4771 0 0 0 0 0 0 0 0 0 0 0 0 0 6531 0 0 0 6531 6531 6531 0 0 44572 44572 77048 -32476 0 -32476 Audition Fees charge to Artists 711110 2420 2420 0 0 Rental Fees on our Production Assets 711110 500 500 0 0 0 0 0 0 2920 2401327 264151 0 -32476 X 0 0 0 0 0 0 0 0 131774 65887 39532 26355 0 0 0 0 621568 370859 204789 45920 0 0 0 0 59936 33388 22354 4194 64459 37452 21654 5353 0 0 0 0 330 0 330 0 90681 0 90681 0 0 0 0 0 0 0 0 0 0 0 721036 580780 58505 81751 62243 56700 0 5543 15974 8335 4658 2981 50654 29005 19950 1699 0 0 0 0 165075 120574 33157 11344 43411 42006 1405 0 0 0 0 0 0 0 0 0 8899 0 8899 0 0 0 0 0 10938 10938 0 0 29078 16616 9285 3177 Education Department-COstumes, Scenery, Production Costs 63883 63883 0 0 Development - Individual Cultivations, Receptions 28289 0 0 28289 Main Stage: Costumes, Scenery, Lighting, Audio, Production Costs 121795 121795 0 0 18214 2149 14360 1705 2308237 1560367 529559 218311 338905 117415 42552 229946 101265 53100 5804 11669 17825 40650 312339 305957 17319 6382 155325 523670 614487 120123 80834 26344 15883 476407 524698 622874 621415 X -245469 -412090 146265 405162 -99204 -6928 523670 614487 93090 -814 0 0 0 0 X 0 1 X 1 0 X 2223619 1412274 1468950 1209017 1892099 8205959 624200 79281 39916 455801 294501 1493699 2847819 1491555 1508866 1664818 2186600 9699658 999752 407825 1079827 855803 1056598 4399805 0 0 0 999752 407825 1079827 855803 1056598 4399805 5299853 4719 130 109 4772 9730 4719 0 130 109 4772 9730 39840 0 39840 2892378 1491555 1508996 1664927 2191372 9749228 0.54362 0.56235 0.00100 0.00148 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112963 196093 6490 10000 0 0 305546 120818 2076 -9931 0 0 0 112963 109196 0 11622 0 0 0 120818 99338 0 9858 0 0 0 109196 600750 234107 39913 775432 0 0 99338 0.75 0.25 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 312339 305957 6382 0 0 0 0 6382 Right of Use Asset - 505 Pecan 25773 Right of Use Asset - 2432 Ludelle 129552 155325 0 Loan Received from FWO Endowment 311507 Lease Liability - 505 Pecan 32358 Lease Liability - 2432 Ludelle 130833 Bank of Texas Operating Line of Credit 50000 524698 2460941 -762 60376 0 0 59614 2401327 0 0 0 2401327 2368613 60376 0 0 0 60376 2308237 0 0 0 2308237 Schedule D, Part V, Line 4 Intended use of funds is to support the Fort Worth Opera Associations' long term operating goals. McCammon Competition 44572 0 44572 36250 0 4161 6533 0 30104 0 0 44572 0 44572 36250 0 4161 6533 0 30104 77048 -32476 X X X 0 0 0 0 0 0 0 0 0 Ms Afton Battle General Director (Resignation effective 11-23-22) 99616 0 0 0 0 0 0 0 0 0 99616 0 0 0 Form 990, Part I, Line 22 The Form 2021 990 was submitted, as indicated, without an audit. When that audit was completed, the ending Net assets of fund balances changed by $165K. This was due to the timing of the PPP2 loan forgiveness moving from FY22 to our FY23. The loan forgiveness was recognized in July of 2022, and life-to-date the net assets are correct with this 2022 Form 990. Form 990, Part VI, Section B, Line 11b Process to review the 990: The Form 990 is provided to all board members for a review via sending it to their personal email account, with a solicitation for any questions to be emailed to GD, CFO, and Board Treasurer. The Board meets before the Form 990 is submitted to the IRS. Answers to those questions are provided at this board meeting. Form 990, Part VI, Section B, Line 12c Process for monitoring compliance with the Conflict of Interest Policy: Every board member and officer signs a conflict of interest policy each year and it is kept on file with the records of the board. As the organization makes business decisions, it consciously makes sure that no compromising relationships are created. If a conflict is found to exist, the matter is discussed, and the member abstains from voting. Form 990, Part VI, Section B, Line 14 Document Retention Policy: The organization is in the process of creating a written document retention / destruction policy. Accounting department currently follows IRS rules regarding financial document retention. Form 990, Part VI, Section B, Line 15 In CY 2022, the initial year of hiring the current General and Artistic Director reflected in this return, the Board conducted a competitive salary review using data provided by Opera America as well as comparably sized companies in the geographic area. Once she was hired, she then reviewed the salary of the other employees. Other employees are evaluated annually on industry comparable salaries and other companies in this geographic area. Form 990, Part VI, Section C, Line 18 Availability of Governing Documents: A copy of the Form 990 and audited financials will be available for public inspection on Fort Worth Opera Association website as well as GuideStar. Governing documents, policies, and financial statements are available upon request. Form 990, Part VI, Section C, Line 19 A copy of the Form 990 and audited financials will be available for public inspection on Fort Worth Opera Association website as well as GuideStar. Governing documents, policies, and financial statements are available upon request. Form 990, Part IX, Line 11g Other fees: For Program Fees, these are production related costs used to support the planning and execution of our shows. It includes contractor such as director fees, choreographer fees, lighting and sound technicians, as well as the contracted artists (opera singers). Fort Worth Opera Endowment 505 Pecan Street Fort Worth TX 76102 452831814 Endowment TX N/A C 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fort Worth Opera Endowment e 311507 Loan Agreement