2022-05-25T16:23:38-07:00 2021-08-31 990 2020-09-01 510145980 UTAH SYMPHONY & OPERA UTAH 8015335626 123 West South Temple Salt Lake City UT 84101 Steve Hogan VP Finance/CFO 8018699057 2022-02-28 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Utah Symphony l Utah Opera UTAH SYMPHONY & OPERA 123 WEST SOUTH TEMPLE SALT LAKE CITY UT 84101 24831747 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. 60 56 419 386 0 0 12799160 21835635 4080531 2401514 1909452 449582 55138 -73645 18844281 24613086 0 0 0 0 12913828 13145381 0 0 956319 5239935 4493864 18153763 17639245 690518 6973841 49887309 65182568 4352136 4253328 45535173 60929240 X 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 1 9778179 518561 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. Due to COVID-19, the Utah Symphony presented only 47 in-person concerts at Abravanel Hall and in communities throughout Utah, reaching approximately 15,573 during the season. Utah Symphony presented 36 virtual on-demand concerts reaching 2,273. 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 91,023 students and 3,025 teachers during the 2020/2021 fiscal year. Due to COVID-19 these performances were conducted virtually in our 20-21 season. 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 nearly 300 families each year, an annual performance for the blind and visually impaired reaching up to 100 members of that community, and a variety of musical events for members of our community who are Alzheimer's care recipients and caregivers in collaboration with the Utah Chapter of the Alzheimer's Association reaching over 300 people each year. 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. Additionally, through our volunteer network of over 600 individuals, the Utah Symphony Guild, Ogden Opera Guild, and Youth Guild reach over 500 citizens through their programs and events each year. 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. 1921291 126017 Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of an estimated 5,698 during the season, with a decreased attendance due to COVID-19. Utah Opera offered 14 performances of two 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. Typically, Utah Symphony | Utah Opera reaches over 349,000 people every year through live performances. 1795948 1738056 Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its seventeenth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of an estimated 38,284 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. 1383035 18880 Depreciation of Set Equipment - $132,987; Marketing - $616,941; Box Office - $417,720; Education - $189,317; Misc. - $26,070 1383035 0 18880 14878453 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 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 100 0 1 419 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 60 56 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 Paul Meecham President & CEO (Last Day November 7, 2019) 0 0 X 347030 0 15273 Steven Brosvik CEO 40 0 X X 171848 0 16664 David Green Senior VP & COO 40 0 X 123706 0 59553 Madeline Adkins Concertmaster 40 0 X 142934 0 31883 Steve Hogan VP of Finance & CFO 40 0 X 113736 0 43363 Kathryn Eberle Ex-officio, Musician 40 0 X 87926 0 13563 Julie Edwards Ex-officio, Musician 30 0 X 54607 0 16975 Patricia A Richards Interim CEO (through Aug 2020)/Lifetime Trustee 3 0 X 15385 0 1360 Julie Aiken Hansen Trustee 1 0 X 0 0 0 Doyle L Arnold Vice Chair 6 0 X 0 0 0 Judith M Billings Trustee 1 0 X 0 0 0 Doyle Clayburn Ex-officio, Utah Symphony Guild 2 0 X 0 0 0 John D'Arcy Treasurer 4 0 X 0 0 0 David Dee Trustee 2 0 X 0 0 0 Alex J Dunn Trustee 0.25 0 X 0 0 0 Brian Greeff Trustee 2 0 X 0 0 0 Dan Hemmert Trustee 1 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 Thomas M Love Board Chair 20 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 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 Nancy Pinto Orton Ex-officio, Onstage Ogden 0.5 0 X 0 0 0 Gary B Porter Trustee 1 0 X 0 0 0 Jason Price Trustee 0.5 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 Vice Chair 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 2 0 X 0 0 0 Astrid S Tuminez Trustee 1 0 X 0 0 0 David Utrilla Trustee 2 0 X 0 0 0 Kelly Ward 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 Harris Simmons Lifetime Trustee 0 0 X 0 0 0 Verl R Topham Lifetime Trustee 0 0 X 0 0 0 M Walker Wallace Lifetime Trustee 0 0 X 0 0 0 David B Winder Lifetime Trustee 1 0 X 0 0 0 Gary L Crocker Trustee 1 0 X 0 0 0 Austin Bankhead Trustee 0.5 0 X 0 0 0 Stewart Barlow Trustee 1 0 X 0 0 0 George Cardon Bystry Trustee 0.25 0 X 0 0 0 Luz Escamilla Trustee 0.25 0 X 0 0 0 Stan Sorensen Trustee 1 0 X 0 0 0 Shane Stowell Trustee 2 0 X 0 0 0 Jennifer Webb Trustee 0.5 0 X 0 0 0 Richard Williams Trustee 0.25 0 X 0 0 0 1057172 0 198634 7 1 1 0 Thierry Fischer 10 Avenue du Mervelet Geneva SZ 1209 Conductor 359843 Love Communications 546 South 200 West Salt Lake City UT 84101 Marketing 239586 Deer Valley Resort Co PO Box 1525 Park City UT 840601525 Venue 239554 Chaplin Entertainment 12 Ridge Drive East Great Neck NY 11021 Artistic Talent 105250 4 X 0 0 0 0 11714219 10121416 204468 21835635 Performance Symphony 711130 518561 518561 0 0 Performance Opera 711110 126017 126017 0 0 Deer Valley Music Festival 711130 1738056 1738056 0 0 Misc 711110 18880 18880 0 0 0 0 0 0 2401514 449582 0 0 449582 0 0 0 0 0 0 0 0 0 145016 0 208010 0 -62994 -62994 0 0 -62994 0 0 0 0 10651 -10651 0 -10651 0 0 0 0 24613086 2401514 0 375937 X 1325898 668800 395563 261535 9065285 8357330 392223 315732 677000 615539 31071 30390 1383703 1215964 113298 54441 693495 639336 30005 24154 48434 48434 4105 4105 1427540 1427455 85 1019208 662722 115243 241243 40798 40798 100528 100528 349546 299838 49708 146458 145520 938 5159 5159 153 153 358924 132987 225937 77542 77542 Production 841878 711657 129808 413 General Administration 49285 1305 47980 0 Guild 24306 0 0 24306 17639245 14878453 1804473 956319 X 582608 475314 8313824 9851705 1403364 1724661 1256200 3266157 19563 6449 0 0 0 379311 588572 9574304 6600003 3322350 2974301 34515924 46192371 6900 6900 36417 45290 50848 50848 49887309 65182568 611132 1269401 0 3691003 2983926 0 0 0 0 50000 0 1 1 4352136 4253328 X 8245845 15219686 37289328 45709554 45535173 60929240 49887309 65182568 X 6973841 0 0 0 0 8420226 X 0 1 X 1 1 1 X 10834995 10442490 10521404 10280021 17867036 59945946 2298097 2438377 2438722 2519136 2691335 12385667 0 0 0 0 0 13133092 12880867 12960126 12799157 20558371 72331613 72331613 1760737 1826081 1841884 2122636 594598 8145936 0 0 0 0 0 0 66806 71985 62227 49858 18968 269844 80747393 28658863 0.89578 0.87320 X Schedule A, Part II, Line 10 Other income from audition fees, instrument rentals, boutique sales, sheet music rental, and insurance. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 1 4105 0 0 0 4105 0 Schedule C, Part II-B, Line 1 ZAP Reauthorization - a county sales tax which supports Zoo, Arts, and Parks. 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 31735563 1147367 1956505 0 1650653 155872 33032910 0.18 0.8 0.02 0 0 0 229500 229500 0 5472471 3676481 1795990 0 338553 140053 198500 0 1379565 1232196 147369 0 2154215 1551273 602942 2974301 Bank Line of Credit (limit $2,100,00) 1 1 X 33634437 4784352 344771 0 3673567 8802690 24831747 0 -218661 -218661 24613086 18240370 344771 0 0 256354 601125 17639245 0 0 0 17639245 Schedule D, Part V, Line 4 No endowment draw was needed to support operations. Typically, US&O uses 5% of a 12 month quarterly average to help contribute to the program expense of the organization. Schedule D, Part X, Line 2 As of August 31, 2021, the Organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Schedule D, Part XI, Line 2d Interest and dividends on Endowment $711,536; Realized gains $1,254,020; Endowment Expenses (102,439); Contributions to Endowment $50,291; Contributions for future use $1,188,321; Release of contributions intended, by donor, for current year ($2,809,120); Endowment Draws 0 ; Government grants for future use $3,957,986; Release of prior government grants ($577,028). Schedule D, Part XI, Line 4b Costume/set rental expenses recognized as an offset to rental revenues on tax return ($208,010); Fundraising event expenses reported on 990 Part VIII Line 8b ($10,651). Schedule D, Part XII, Line 2d Allowance for Bad Debt $37,693; Costume/set rental expenses recognized as an offset to rental revenues on tax return $208,010; Fundraising event expenses reported on 990 Part VIII Line 8b $10,651. X X X 1 0 0 0 0 0 0 0 0 Steven Brosvik CEO 171848 0 0 0 0 0 0 0 16937 0 188785 0 0 Paul Meecham President & CEO (Last Day November 7, 2019) 347030 0 0 0 0 0 0 0 15273 0 362303 0 0 Madeline Adkins Concertmaster 142934 0 0 0 0 0 23915 0 23583 0 190432 0 0 David Green Senior VP & COO 123706 0 0 0 0 0 16855 0 26204 0 166765 0 0 Steve Hogan VP of Finance & CFO 113736 0 0 0 0 0 9619 0 24459 0 147814 0 0 Kathryn Eberle Ex-officio, Musician 87926 0 0 0 0 0 11730 0 13563 0 113219 0 0 Julie Edwards Ex-officio, Musician 54607 0 0 0 0 0 5916 0 16975 0 77498 0 0 Patricia A Richards Lifetime Trustee 15385 0 0 0 0 0 1538 0 1360 0 18283 0 0 Schedule J, Part I, Line 4 President and CEO, Paul Meecham received a severance agreement through May 2020. Schedule J, Part I, Line 6 President and CEO, Paul Meecham received severance agreement through May 2020. Julie Edwards Ex-officio, Musician Instrument Loan X 22000 6449 0 1 1 6449 Tom Love Board Chair 239586 Marketing & Advertising 0 X 16 204468 Avg between high and low 0 1 1 Schedule M, Part I, Line 32b Stock brokers to immediately sell stock donations. Form 990, Part III, Line 3 Utah Symphony | Utah Opera (USUO) carried much of the 2020-2021 season scheduled without audience in events from December through March due to increased coronavirus concerns in Utah, these programs were streamed to audience members. Performances included 45 symphony concerts, 14 opera performances. Due to the outdoor setting and available space , the summer 2021 Deer Valley (R) Musical Festival and a statewide outdoor tour was conducted with success. Form 990, Part VI, Section A, Line 1a In the absence of Board action or in the event that the Board is unable to take action on a particular matter, the Executive Committee shall have all of the powers and exercise all of the duties of the Board in managing the business of the Corporation. Any such action taken by the Executive Committee in the absence or inability of the Board to take action shall be considered for ratification by the Board at the next regular meeting or special meeting of the Board. 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 three or more appointed ex officio voting Trustees of the Board. These positions shall be comprised of the following: (i) one Ogden Opera Guild representative; (ii) one Utah Symphony Guild representative; (iii) one Ogden Symphony Ballet Association 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 Controller and CFO, reviewed by Audit and Executive committees. It is also posted to our website for the entire board review. Form 990, Part VI, Section B, Line 12c 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 is 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 VIII, Line 3 Interest/Dividends - $52,892; Gains on investments $402,665; Manager fees ($5,965); Endowment draw $0 Form 990, Part IX, Line 11g Guest Artists $720,225; Guest Conductors $421,539; Other Production Personnel $103,275; Travel $89,403; Misc. $93,013 Form 990, Part X, Line 2 Donations for the future $3,806,094 Form 990, Part X, Line 3 Contributions receivable less than 1-year $1,000,336; Contributions receivable over 1-year $566,747; Endowment contributions receivable $157,578 Form 990, Part X, Line 5 See Schedule L, Part V, Statement 1 - Instrument loans to musician representatives serving on board. Form 990, Part X, Line 13 Instrument loans to musicians (see also Line 5) Form 990, Part XI, Line 9 Government grants for future period-temporary restricted - $3,957,986; Government grants from prior period released to operations - ($577,028); Contributions for future period-temporary restricted - $1,188,321; Contributions from prior period released to operations - ($2,859,120); Contributions to endowment-permanent restricted - $50,291; Contributions to endowment released by donor to operations - $50,000; Interest-temporary restricted - $9,335; Interest-permanent restricted - $324,833; Dividends-temporary restricted - $10,751; Dividends-permanent restricted - $366,617; Unrealized gains-temporary restricted - $132,084; Unrealized gains-permanent restricted - $4,652,268; Realized gain-temporary restricted - $35,924; Realized gain-permanent restricted - $1,218,096; Management Fees-temporary restricted - ($2,966); Management Fees-permanent restricted - ($99,473); Draws temporary restricted - 0; Draws from endowment-permanent restricted - 0; Allowance for bad debts-temporary restricted - ($37,693) An extension request was filed with the IRS.