2025-05-15T09:52:44-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 042469627 BOSTON LYRIC OPERA COMPANY BOST 6175424912 15 CHANNEL CENTER STREET 106 BOSTON MA 02210 JARRELL PERKINS CHIEF FINANCIAL OFFICER 6175424912 2025-05-14 1 1 PETER BROWN P00582425 4014214800 2025-05-14 2023 2025-03-06 01:10:19Z JARRELL PERKINS 15 CHANNEL CENTER STREET 106 BOSTON MA 02210 15004269 0 X WWW.BLO.ORG X 1970 MA BOSTON LYRIC OPERA INSPIRES, ENTERTAINS, AND CONNECTS COMMUNITIES THROUGH COMPELLING OPERA PERFORMANCES, PROGRAMS, AND GATHERINGS. 25 25 355 79 0 0 9337471 8553258 704223 908540 489849 539875 78577 129184 10610120 10130857 0 0 0 0 4637208 4639780 0 0 1487077 5420612 8718804 10057820 13358584 552300 -3227727 23261747 35514671 2850181 17296324 20411566 18218347 X BOSTON LYRIC OPERA INSPIRES, ENTERTAINS, AND CONNECTS COMMUNITIES THROUGH COMPELLING OPERA PERFORMANCES, PROGRAMS, AND GATHERINGS. 0 0 8369219 908540 BOSTON LYRIC OPERA ("BLO") IS EMBEDDED IN BOSTON'S CULTURAL LANDSCAPE THROUGH PROGRAMMING THAT REPRESENTS THE MANY STORIES, PERSPECTIVES, AND IDENTITIES IN ITS COMMUNITY. THIS SEASON'S CROSS-CULTURAL COLLABORATIONS WITH COMMUNITY PARTNERS INCLUDED ARTSEMERSON, JAPAN SOCIETY OF BOSTON, CASTLE OF OUR SKINS, JAPANESE AMERICAN CITIZENS LEAGUE, TRURO HISTORICAL SOCIETY, HIBERNIAN HALL, THE MUSEUM OF SCIENCE, MASARY STUDIOS, AND MANY MORE ORGANIZATIONS THROUGHOUT THE GREATER BOSTON AREA.SEEKING TO STRENGTHEN COMMUNITY TIES, BLO CONTINUES TO EXPAND ITS PUBLIC PROGRAMMING, PERFORMANCE, AND EDUCATION OFFERINGS. BLO REACHES OVER 20,000 AUDIENCES IN MORE THAN 150 PERFORMANCES A YEAR, INCLUDING MAINSTAGE OPERA PRODUCTIONS, FREE PUBLIC CONCERTS, AND TOURING YOUTH-FRIENDLY OPERAS AT BOSTON PUBLIC SCHOOLS, BOSTON PUBLIC LIBRARY BRANCHES, AND LOCAL MUSEUMS AND COMMUNITY CENTERS, MAKING BLO A COMPANY THAT ENGAGES ITS COMMUNITY YEAR-ROUND.BLO'S STREET STAGE SERIES PRESENTS FREE, OUTDOOR PERFORMANCES AT LOCATIONS ACROSS GREATER BOSTON, CONNECTING US TO NEW NEIGHBORHOODS AND FORGING COLLABORATIVE RELATIONSHIPS WITH CULTURAL INSTITUTIONS INCLUDING THE ROSE KENNEDY GREENWAY, INQUILINOS BORICUAS EN ACCION, DECORDOVA SCULPTURE PARK AND MUSEUM, MADISON PARK DEVELOPMENT CORPORATION, CHARLESTOWN NAVY YARD, FRUITLANDS MUSEUM, FULLER CRAFT MUSEUM, MASS GENERAL HOSPITAL, AND THE TRUSTEES OF THE RESERVATION. SEEKING TO INCREASE ACCESS TO A WELL-ROUNDED EDUCATION THAT INCLUDES THE ARTS, BLO'S CREATE YOUR OWN OPERA" PARTNERSHIP WITH BOSTON PUBLIC SCHOOLS BRINGS BLO TEACHING ARTISTS TO CLASSROOMS WHERE HUNDREDS OF STUDENTS COLLABORATE TO WRITE AND PERFORM THEIR OWN ORIGINAL OPERAS.HIGHLIGHTS FROM THE 2023/24 SEASON INCLUDE A BRAND-NEW PRODUCTION OF "MADAMA BUTTERFLY," IN A RETELLING THAT CENTERED AN AUTHENTIC PORTRAYAL OF ASIAN AND ASIAN AMERICAN ARTISTS, PEOPLE, AND HISTORY. THE CULMINATION OF BLO'S "BUTTERFLY PROCESS" - A THREE-YEAR EXPLORATION OF HOW TO ENGAGE WITH THE CANONICAL OPERA'S PROBLEMATIC LEGACY OF CULTURAL APPROPRIATION, RACISM, AND GENDER STEREOTYPES - THE PRODUCTION EMPLOYED OVER 70 AAPI ARTISTS AND CREATIVES, AND RECEIVED POSITIVE FEEDBACK FROM ASIAN AND ASIAN AMERICAN COMMUNITY MEMBERS IN THE AUDIENCE. ADDITIONAL MAINSTAGE PROGRAMMING INCLUDED THE WORLD PREMIERE OF A BLO-COMMISSIONED CHAMBER VERSION OF MATTHEW AUCOIN'S "EURYDICE," RETELLING THE GREEK MYTH FROM THE FEMALE PERSPECTIVE; A NEW PRODUCTION OF "LA CENERENTOLA" THAT SET THE STORY IN BOSTON; AND "THE ANONYMOUS LOVER," THE ONLY ONE OF SIX OPERAS BY HISTORICALLY SIGNIFICANT 18TH-CENTURY BLACK COMPOSER, VIOLINIST, AND CONDUCTOR JOSEPH BOLOGNE TO HAVE SURVIVED FULLY INTACT. 130877 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. 8500096 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 0 0 0 0 0 0 0 0 0 1 110 0 1 355 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X JARRELL PERKINS CFO 6175424912 15 CHANNEL CENTER STREET BOSTON MA 02210 WAYNE DAVIS PRESIDENT 1.00 X X 0 0 0 ANDREW EISENBERG VICE-PRESIDENT 1.00 X X 0 0 0 ALICIA COONEY CHAIR 1.00 X X 0 0 0 MIGUEL DE BRAGANA 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 MICHAEL PUZO IMMEDIATE PAST BOARD CHAIR 1.00 X 0 0 0 CATHERINE BASSICK DIRECTOR 1.00 X 0 0 0 LINDA CABOT BLACK DIRECTOR 1.00 X 0 0 0 WILLA BODMAN DIRECTOR 1.00 X 0 0 0 ALAN DYNNER DIRECTOR 1.00 X 0 0 0 TIMOTHY FULHAM DIRECTOR 1.00 X 0 0 0 MIMI HEWLETT DIRECTOR 1.00 X 0 0 0 LISA HILLENBRAND DIRECTOR 1.00 X 0 0 0 JENNIFER RITVO HUGHES DIRECTOR 1.00 X 0 0 0 AMELIA WELT KATZEN DIRECTOR 1.00 X 0 0 0 SALLY KORNBLUTH DIRECTOR 1.00 X 0 0 0 MARIA J KROKIDAS DIRECTOR 1.00 X 0 0 0 ABIGAIL B MASON DIRECTOR 1.00 X 0 0 0 ANNE M MORGAN DIRECTOR 1.00 X 0 0 0 A NEIL PAPPALARDO DIRECTOR 1.00 X 0 0 0 WINFIELD PERRY DIRECTOR 1.00 X 0 0 0 VINCENT D ROUGEAU DIRECTOR 1.00 X 0 0 0 ALEX SENCHAK DIRECTOR 1.00 X 0 0 0 RAY STATA DIRECTOR 1.00 X 0 0 0 GEORGE YIP DIRECTOR 1.00 X 0 0 0 BRADLEY A VERNATTER GENERAL DIRECTOR AND CEO 40.00 X 207346 0 6858 YONG-HEE C SILVER CHIEF PHILANTHROPY OFFICER 40.00 X 162431 0 14096 DAVID A TOMPKINS CHIEF OPERATING OFFICER 40.00 X 155000 0 0 JARREL PERKINS CHIEF FINANCIAL OFFICER 40.00 X 12271 0 0 ISHAN JOHNSON DEPUTY CHIEF PHIL. OFFICER 40.00 X 137966 0 3612 JULIA PROPP SR. DIR. OF SALES AND OPERATIONS 40.00 X 116168 0 5291 SARA C O'BRIEN SR. DIR. OF PUBLIC ENGAGEMENT 40.00 X 120000 0 1927 LIZABETH M NIGH SR. DIR. OF ADMINISTRATION 40.00 X 120000 0 1982 LISA K HANSON DIRECTOR OF PRODUCING OPERATIONS 40.00 X 102234 0 7298 1133416 0 41064 9 0 1 0 RADAR NONPROFIT SOLUTIONS 2810 N CHURCH STREET WILMINGTON DE 198024447 FINANCIAL SERVICES 333531 RUSSEL PHILANTHROPY PO BOX 1919 WINTER PARK FL 32790 DEVELOPMENT CONSULTING 251000 HILLBOLIC ARTS & CARPENTRY 55 WEST RAILROAD AVENUE GARNERVILLE NY 10923 PRODUCTION SUPPORT 197390 TARLOW BREED HART & RODGERS PC 101 HUNTINGTON AVENUE BOSTON MA 02199 LEGAL SERVICES 157880 COSTUME WORKS INC 36 ALSTON STREET SOMERVILLE MA 02143 PRODUCTION SUPPORT 157368 5 8553258 8553258 TICKET SALES 711110 905630 905630 BROADCAST REVENUE 711110 2910 2910 908540 344451 344451 5068836 4873412 195424 195424 195424 129184 129184 129184 10130857 908540 0 669059 X 1159241 750299 370439 38503 2636598 1706492 842533 87573 1516 1244 134 138 490090 402013 43431 44646 352335 197848 97345 57142 73540 73540 2307699 1115601 713237 478861 103821 93683 10138 253905 179700 50565 23640 11832 11832 177279 15266 151917 10096 3563244 3321420 150517 91307 542582 479207 15286 48089 16399 10923 5364 112 103101 103101 24814 2336 22478 37376 37376 CAMPAIGN EXPENSES 1178742 574572 604170 324470 212232 109438 2800 13358584 8500096 3371411 1487077 318330 178284 30613 1168041 5636236 5193761 251083 147529 144570 87468 613821 547671 90965 66150 15563399 15838206 1226551 12835232 23261747 35514671 668031 2585873 420188 605216 150000 79257 1611962 14025978 2850181 17296324 X -990265 -3414957 21401831 21633304 20411566 18218347 23261747 35514671 -3227727 1034508 0 X X 0 1 X 1 0 X 6189354 5782089 4804379 9337471 8553258 34666551 6189354 5782089 4804379 9337471 8553258 34666551 8122809 26543742 417597 334295 316564 413773 344451 1826680 129184 129184 36622415 3323799 0.72480 0.68340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2023 AMOUNT: $ 129,184. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16263398 1575400 1300594 16538204 16102796 1058191 897589 16263398 18884128 300000 -1600070 1481262 16102796 15616855 3367273 100000 18884128 16847146 55000 -435291 850000 15616855 0.00000 0.91874 0.08130 0 0 36271 9232 27039 405391 386039 19352 172159 152400 19759 66150 OPERATING RIGHT-OF-USE ASSETS 12813065 DEPOSITS 22167 12835232 OPERATING LEASE LIABILITIES 13005872 LINE OF CREDIT 969978 PPP LOAN PAYABLE 50128 14025978 X 11207594 1034508 115769 1150277 10057317 73540 73540 10130857 13400813 115769 115769 13285044 73540 73540 13358584 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 A 12-QUARTER ROLLING AVERAGE. 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, 2024 OR 2023. BLO FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF MASSACHUSETTS. X X X X X 0 0 0 0 0 0 0 0 0 BRADLEY A VERNATTER GENERAL DIRECTOR AND CEO 207346 0 0 0 0 0 2000 0 4858 0 214204 0 0 0 YONG-HEE C SILVER CHIEF PHILANTHROPY OFFICER 162431 0 0 0 0 0 2000 0 12096 0 176527 0 0 0 DAVID A TOMPKINS CHIEF OPERATING OFFICER 155000 0 0 0 0 0 0 0 0 0 155000 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2024. 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 1,115,601. MANAGEMENT AND GENERAL EXPENSES 713,237. FUNDRAISING EXPENSES 478,861. TOTAL EXPENSES 2,307,699. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER THE AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS DURING THE TAX YEAR.