2021-11-18T08:27:05-06:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREEET PHILADELPHIA PA 19103 K JAMES MCDOWELL PRESIDENT 2157351685 2021-11-12 1 K JAMES MCDOWELL 999009999 DAVID M SEKERAK P01395497 2156433900 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z K JAMES MCDOWELL 1920 SPRUCE STREEET PHILADELPHIA PA 19103 5980345 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 30 30 36 31 0 0 2494031 4023725 241146 44222 1994703 1414780 5265 10952 4735145 5493679 264510 339168 0 0 2269289 2218325 0 0 308404 1522048 1068405 4055847 3625898 679298 1867781 42855218 52892047 3546404 3000509 39308814 49891538 X THE MISSION OF THE ACADEMY OF VOCAL ARTS (AVA) IS TO BE THE WORLD'S PREMIER INSTITUTION FOR TRAINING YOUNG ARTISTS AS INTERNATIONAL OPERA SINGERS. THROUGH RIGOROUS INSTRUCTION AND COACHING, AND BY PRESENTATIONS OF RESIDENT ARTISTS FROM AROUND THE WORLD IN FULLY STAGED PROFESSIONAL OPERA PRODUCTIONS, AS WELL AS CONCERTS, ORATORIOS, PUBLIC PROGRAMS, THE ACADEMY WILL TRAIN ARTISTS WITH THE HIGHEST POTENTIAL FOR CAREER SUCCESS WHILE ENRICHING LIVES IN PHILADELPHIA AND BEYOND. THE PERFORMING EXPERIENCE IS THE KEY COMPONENT IN AVA'S TRAINING OF OUTSTANDING SINGERS AND THAT WHICH DISTINGUISHES IT FROM OTHER MUSIC/OPERA TRAINING PROGRAMS. THE OPERAS ARE CHOSEN TO FIT THE SPECIFIC NEEDS OF THE RESIDENT ARTISTS, HELPING TO BUILD REPERTOIRE FOR A CAREER IN OPERA AND VOCAL PERFORMANCE AND PROVIDING TECHNICALLY CHALLENGING BUT ACHIEVABLE ARTISTIC GROWTH. 0 0 2729868 339168 44222 ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.(CONTINUED ON SCHEDULE O.)IN THE MIDDLE OF THE COVID-19 PANDEMIC, THE ACADEMY OF VOCAL ARTS WAS ABLE TO CONTINUE ITS OPERA AND VOCAL TRAINING WITH BOTH ON SITE AND VIRTUAL LEARNING EXPERIENCES. FOR ITS 86TH ANNIVERSARY SEASON IN 2020-2021, THE AVA OPERA THEATRE PRODUCED A SERIES OF ONLINE CONCERTS THAT SHOWCASED THE TALENT OF ITS RESIDENT ARTISTS AND THEIR ONGOING WORK WITH AVA'S ESTEEMED FACULTY. THESE CONCERTS INCLUDED: A NEW ARTISTS RECITAL FEATURING SEVEN FIRST-YEAR RESIDENT ARTISTS; THE GIARGIARI BEL CANTO COMPETITION; THE RUSSIAN ROMANCES CONCERT FEATURING RUSSIAN SONGS AND ARIAS; A CELEBRATION OF AMERICAN COMPOSERS, WHICH INCLUDED WORKS BY COPLAND, MENOTTI, BARBER, IVES, AND MORE; JUBILATE! A CONCERT OF SACRED MASTERPIECES, WITH ACCOMPANIMENT BY MEMBERS OF THE AVA OPERA ORCHESTRA; VERLAINE, LE VOYAGE HUMAIN, A FRENCH RECITAL WITH MUSIC BY CHAUSSON, DELIUS, DODAT DE SVERAC, AND OTHERS; AND A FAREWELL CONCERT WHICH CLOSED THE SEASON FEATURING THE TWO GRADUATING FOURTH YEAR RESIDENT ARTISTS.AVA'S ACCLAIMED OPERA OUTREACH PROGRAM OFFERED INTRODUCTIONS TO VARIOUS POPULAR OPERAS THROUGH STUDY GUIDE MATERIALS CIRCULATED TO PARTICIPATING MIDDLE AND HIGH SCHOOL TEACHERS, ALONG WITH ONLINE VIDEO PRESENTATIONS FOR THEIR STUDENTS. IN 2021-2022, AVA LOOKS FORWARD TO RETURNING TO LIVE PERFORMANCES TO SHARE THE JOY OF OPERA AND VOCAL PERFORMANCE WITH ALL ITS LOYAL AUDIENCES. 2729868 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 59 0 36 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA NJ NY X X THE ORGANIZATION 2157351685 1920 SPRUCE STREEET PHILADELPHIA PA 19103 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 40.00 X 160000 0 49105 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 30502 SUSAN L MOCK CFO 40.00 X 135000 0 21093 SCOTT GUZIELEK VP AND GENERAL MANAGER 40.00 X 140000 0 15177 BRYAN J HYMEL VP, GLOBAL/ARTISTIC OUTREACH 40.00 X 112800 0 0 HAROLD F PITCAIRN II CHAIRMAN 2.00 X X 0 0 0 SUSAN E KANE VICE CHAIR & TREASURER 2.00 X X 0 0 0 KENNETH E AHL ESQ VICE CHAIR & SECRETARY 2.00 X X 0 0 0 DR ROMEO ABELLA DIRECTOR 2.00 X 0 0 0 R RANDOLPH APGAR DIRECTOR 2.00 X 0 0 0 CHRISTINE BATCHELOR DIRECTOR 2.00 X 0 0 0 BARBARA DONNELLY BENTIVOGLIO DIRECTOR 2.00 X 0 0 0 JUDITH BROUDY DIRECTOR 2.00 X 0 0 0 DANTE CERZA DIRECTOR 2.00 X 0 0 0 ALICE CHASE DIRECTOR 2.00 X 0 0 0 KRISTIN DAVIDSON DIRECTOR 2.00 X 0 0 0 PETER GOULD DIRECTOR 2.00 X 0 0 0 I GAIL HOWARD DIRECTOR 2.00 X 0 0 0 ANTHONY P JANNETTA DIRECTOR 2.00 X 0 0 0 DR RICHARD KENT DIRECTOR 2.00 X 0 0 0 MARK KERSCHNER DIRECTOR 2.00 X 0 0 0 NEAL KROUSE DIRECTOR 2.00 X 0 0 0 MARX S SANDY LEOPOLD DIRECTOR 2.00 X 0 0 0 JOSEPH W MCGUIRE ESQ DIRECTOR 2.00 X 0 0 0 MARLENE MILNER DIRECTOR 2.00 X 0 0 0 THOMAS B O'ROURKE DIRECTOR 2.00 X 0 0 0 SUZANNE ROOT DIRECTOR 2.00 X 0 0 0 DR RUTH RYAVE DIRECTOR 2.00 X 0 0 0 CAROLYN SEIDLE DIRECTOR 2.00 X 0 0 0 COREY SMITH DIRECTOR 2.00 X 0 0 0 WALTER M STRINE JR ESQ DIRECTOR 2.00 X 0 0 0 RICHARD TROXELL DIRECTOR 2.00 X 0 0 0 P JEFFERY WARDEN DIRECTOR 2.00 X 0 0 0 GORDON M WASE ESQ DIRECTOR 2.00 X 0 0 0 CHARLOTTE H WATTS DIRECTOR 2.00 X 0 0 0 697800 0 115877 5 0 1 0 0 190358 767368 3065999 362508 4023725 PERFORMANCE AND FEES 711110 44222 44222 44222 1052025 1052025 778539 415784 362755 362755 362755 81582 190358 70882 10700 10700 MISCELLANEOUS 900099 252 252 252 5493679 44222 0 1425732 339168 339168 521342 209703 311639 1365921 1049876 89731 226314 42607 30412 3879 8316 149860 133950 4960 10950 138595 92510 28353 17732 36939 36939 172879 119733 53146 129098 129098 36202 9676 26526 77722 39539 14840 23343 966 966 66477 66477 2231 2231 118220 114518 3702 269135 269135 51400 42984 8416 OTHER PRODUCTION EXP. 66978 66978 OTHER FUNDRAISING EXP. 21749 21749 18409 15145 3264 3625898 2729868 587626 308404 412398 189503 117897 122761 277000 498125 2304 5351 79948 31095 8926065 4438533 4708325 4487532 29217061 37674940 8040285 9882740 42855218 52892047 28078 19817 19776 27001 3052014 2895628 388000 58536 58063 3546404 3000509 X 15366228 19492749 23942586 30398789 39308814 49891538 42855218 52892047 X 1867781 6872488 1842455 X 0 1 X 1 0 X 1981643 1956350 2403808 2494031 4023725 12859557 1981643 1956350 2403808 2494031 4023725 12859557 543382 12316175 1374992 1446905 1428687 1400469 1052025 6703078 4012 10700 14712 362 1536 1135 253 252 3538 19580885 1225331 0.62900 0.57130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2016 AMOUNT: $ 362. 2017 AMOUNT: $ 1,536. 2018 AMOUNT: $ 1,135. 2019 AMOUNT: $ 253. 2020 AMOUNT: $ 252. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29217061 1472200 8285879 338000 962200 37674940 29364083 204456 1247978 262000 1337456 29217061 28911301 236029 1820582 278975 1324854 29364083 27689733 378036 2269932 258900 1167500 28911301 23725630 2082347 3189543 248050 1059737 27689733 0.46040 0.53960 0.00000 0 0 448000 448000 7307722 3533732 3773990 14679 4648 10031 942813 721724 221089 212851 178429 34422 4487532 BENEFICIAL INTEREST IN TRUSTS 9882740 9882740 CAPITAL LEASE OBLIGATIONS 55283 GIFT ANNUITY CONTRACT PAYABLE 2780 58063 X 14242565 6872488 1842455 8714943 5527622 36939 -70882 -33943 5493679 3659841 70882 70882 3588959 36939 36939 3625898 PART V, LINE 4: THE PRIMARY OBJECTIVE OF THE INVESTMENT MANAGEMENT OF THE ENDOWMENT IS TO PRESERVE OR INCREASE ITS REAL PURCHASING POWER OVER TIME WHILE PROVIDING A RELATIVELY STABLE AND CONSTANT STREAM OF CASH DISTRIBUTIONS FOR USE IN THE CURRENT OPERATIONS OF THE ACADEMY. PART X, LINE 2: AVA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AVA FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS APPLICATION OF THE STANDARD HAS NO EFFECT ON AVA'S FINANCIAL STATEMENTS. AVA'S FORM 990 RETURN FOR THE YEAR ENDED JUNE 30, 2014 WAS AUDITED BY THE INTERNAL REVENUE SERVICE (IRS). THE RESULT OF THE AUDIT WAS THE IRS ACCEPTED THE RETURN AS FILED AND AVA CONTINUES TO QUALIFY FOR EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS 1,842,455. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -70,882. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 70,882. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICIES ARE PUBLISHED IN THE AVA'S STUDENT GUIDELINES, CONTAINED IN THE PUBLISHED BROCHURE AND ON THE WEBSITE. SCHEDULE E, PART I, LINE 6 THE AVA RECEIVED A GRANT FROM A QUASI-GOVERNMENTAL ORGANIZATION, THE PENNSYLVANIA COUNCIL ON THE ARTS. THE AMOUNT OF THIS GRANT FOR THE FISCAL YEAR WAS $13,000. GALA 261090 182763 78327 11450 40554 2000 16252 261090 182763 78327 11450 40554 2000 16252 70256 8071 1 STUDENT FELLOWSHIP AWARDS 24 324000 STUDENT SUMMER STUDY GRANTS 5 14000 STUDENT GRANTS 2 1168 PART I, LINE 2: MERIT-BASED FELLOWSHIPS ARE GRANTED TO RESIDENT ARTISTS TO OFFSET THE COST OF LIVING EXPENSES WHILE ATTENDING AVA. THE AMOUNTS ARE DETERMINED ANNUALLY AND PAID MONTHLY. SUMMER STUDY GRANTS ARE PROVIDED FOR APPROVED IMMERSION PROGRAMS. PROOF OF ACCEPTANCE IN THE PROGRAM AND ATTENDANCE ARE PROVIDED TO AVA. STUDENT GRANTS ARE ISSUED TO PROVIDE ADDITIONAL ASSISTANCE TO RESIDENT ARTISTS IN HARDSHIP SITUATIONS. SPECIFICALLY IDENTIFIED EXPENSES ARE REVIEWED AND APPROVED FOR REIMBURSEMENT. X X 0 0 0 0 0 0 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 160000 0 0 0 0 0 8000 0 41105 0 209105 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 23002 0 180502 0 0 0 SUSAN L MOCK CFO 135000 0 0 0 0 0 6750 0 14343 0 156093 0 0 0 SCOTT GUZIELEK VP AND GENERAL MANAGER 140000 0 0 0 0 0 7000 0 8177 0 155177 0 0 0 X 21 332508 FMV ON DATE OF GIFT X PIANO 1 30000 FMV ON DATE OF GIFT 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED IN DETAIL BY THE CFO AND THEN SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW. UPON APPROVAL BY THE FINANCE COMMITTEE, THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE SEPTEMBER BOARD MEETING, A CONFLICT OF INTEREST STATEMENT IS DISTRIBUTED TO EACH BOARD MEMBER AND KEY EMPLOYEE TO COMPLETE AND SIGN. THE SIGNED DOCUMENTS ARE SUBMITTED TO THE DEVELOPMENT ASSOCIATE, WHO MAINTAINS THE DOCUMENTS AND ENSURES COMPLETION BY EACH BOARD MEMBER AND KEY EMPLOYEE. ANY ABSENT BOARD MEMBER OR KEY EMPLOYEE RECEIVES THE FORM VIA EMAIL. POTENTIAL CONFLICTS ARE PROVIDED TO THE VICE CHAIR AND SECRETARY OF THE BOARD TO DETERMINE WITH THE BOARD CHAIRMAN IF ANY ACTUAL CONFLICTS EXIST. ANYONE DEEMED TO HAVE A CONFLICT SHALL NOT VOTE OR USE ANY PERSONAL INFLUENCE IN REGARD TO THE MATTER. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND SUCH BOARD MEMBER OR KEY EMPLOYEE ABSTAINED FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 18 AVA PUBLISHES ITS FORM 990 ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AVA MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND PUBLISHES ITS FINANCIAL STATEMENTS ON ITS WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS 1,842,455.