2021-04-13T16:45:19-05:00 2020-05-31 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W STE 1200 BRADENTON FL 34205 990 2019-06-01 237089047 SARASOTA OPERA ASSOCIATION INC SARA 9413668450 61 N PINEAPPLE AVENUE SARASOTA FL 34236 RICHARD A RUSSELL EXECUTIVE DIRECTOR 9413668450 2021-04-13 1 BRIAN CARTER P00536712 9417474483 2021-04-13 2019 2022-09-23 18:48:47Z RICHARD A RUSSELL 61 N PINEAPPLE AVENUE SARASOTA FL 34236 17872565 0 X WWW.SARASOTAOPERA.ORG X 1961 FL TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD. 31 29 171 300 0 0 3959949 4675075 3519074 2822084 329702 415465 399799 316904 8208524 8229528 19000 14500 0 0 5350481 5467839 0 0 668150 4104359 4033337 9473840 9515676 -1265316 -1286148 26510657 26888920 3105224 4587525 23405433 22301395 X TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD. TO PRODUCE SUCH OPERAS; AND TO FOSTER, PROMOTE, AND INCREASE PUBLIC KNOWLEDGE AND APPRECIATION OF OPERA AND SIMILAR PRESENTATIONS; TO INSTRUCT, TRAIN AND EDUCATE BOTH STUDENTS AND THE PUBLIC, GENERALLY, IN OPERA, MUSIC, AND RELATED PREFORMING ARTS; AND TO RENT, ACQUIRE FOR USE, OR OWN, MAINTAIN, AND OPERATE A PLACE OR PLACES TO ACCOMPLISH THESE OBJECTIVES. 0 0 7143779 14500 3022032 SARASOTA OPERA PRESENTED 32 OPERA PERFORMANCES, INCLUDING 2 YOUTH OPERA PERFORMANCES; 4 CONCERTS; WEEKLY HD MOVIE PRESENTATIONS THROUGH THE SUMMER MONTHS, OPERA HOUSE TOURS, OUTREACH AND EDUCATIONAL PROGRAMS INCLUDING COLLABORATIONS WITH OTHER ORGANIZATIONS REACHING NEARLY 50,000 PATRONS IN SOUTHWEST FLORIDA. 2,000 YOUTHS PARTICIPATED IN SCHOOL-BASED CULTURAL EVENTS THROUGH THE OPERA'S YOUTH OPERA PROGRAM, WHICH ALSO SERVES AS A CONDUIT FOR APPEARANCES IN FULLY-STAGED OPERA PRODUCTIONS. 7143779 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 286 0 1 171 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 31 29 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X X X KEN TARASI 9413668450 61 N PINEAPPLE AVENUE SARASOTA FL 34236 STAN ABSHIER TRUSTEE 2.00 X 0 0 0 RON ARCHBOLD TRUSTEE 2.00 X 0 0 0 J SUMNER BAGBY TRUSTEE 2.00 X 0 0 0 EDWARD C BAVARIA TRUSTEE 2.00 X 0 0 0 KATHERINE BENOIT TRUSTEE 2.00 X 0 0 0 MURRAY BRING IMMEDIATE PAST CHAIR 2.00 X 0 0 0 ULYSSES BRUALDI TRUSTEE 2.00 X 0 0 0 DAVID CHAIFETZ TRUSTEE 2.00 X 0 0 0 RICHARD DEGENNARO TRUSTEE 2.00 X 0 0 0 VICTOR DERENZI TRUSTEE 2.00 X 0 0 0 SYBLE DI GIROLAMO CHAIR 15.00 X X 0 0 0 CAROL ENGLISH TRUSTEE 2.00 X 0 0 0 ROGER KAUFMAN TRUSTEE 2.00 X 0 0 0 WALDRON KRAEMER VICE CHAIR 5.00 X X 0 0 0 ROSANNE MARTORELLA SECRETARY 5.00 X X 0 0 0 MARY J MITCHELL TRUSTEE 2.00 X 0 0 0 KIM NETTLES TRUSTEE 2.00 X 0 0 0 HAROLD R RONSON TRUSTEE 2.00 X 0 0 0 STEVE SABATO TRUSTEE 2.00 X 0 0 0 PETER SHIMKIN TRUSTEE 2.00 X 0 0 0 ARTHUR SICILIANO TREASURER 5.00 X X 0 0 0 TOBY SIEGEL TRUSTEE 2.00 X 0 0 0 WILLIAM D TOMPKINS TRUSTEE 2.00 X 0 0 0 MICHAL WADSWORTH TRUSTEE 2.00 X 0 0 0 DONALD J WORTHINGTON TRUSTEE 2.00 X 0 0 0 JEANNE YEAGLE TRUSTEE 2.00 X 0 0 0 THOMAS STEINER TRUSTEE 2.00 X 0 0 0 JOHN F SUHRE TRUSTEE 2.00 X 0 0 0 JEFF TROIANO TRUSTEE 2.00 X 0 0 0 ANN WALLER TRUSTEE 2.00 X 0 0 0 RICHARD RUSSELL EXECUTIVE DIRECTOR 50.00 X 253250 0 8701 KENNETH TARASI DIRECTOR OF FINANCE 50.00 X 97412 0 8556 STACY RIDENOUR DEVELOPMENT DIRECTOR 50.00 X 84425 0 8586 CARLOS VINCENTE MARKETING DIRECTOR 50.00 X 97326 0 8550 532413 0 34393 1 0 1 0 DERENZI & SUNDINE INC 1111 N GULFSTREAM AVE SARASOTA FL 34236 ARTISTIC DIRECTION, CONDUCTING, STAGE DI 431730 ROSEMARY SQUARE LLC 555 S OSPREY AVE SARASOTA FL 34236 MAINTENANCE 181452 ASOLO SCENIC STUDIO 5555 N TAMIAMI TRAIL SARASOTA FL 34243 SET BUILDING 160907 SARASOTA ORCHESTRA 709 N TAMIAMI TRAIL SARASOTA FL 34236 ORCHESTRA SERVICE 110052 ALDINA LC 1247 MANDALAY POINT SARASOTA FL 34242 WAREHOUSE STORAGE FOR SETS & COSTUMES 108000 5 774 155148 4519153 4675075 OPERA PRODUCTIONS 711110 2431955 2431955 RENTAL 711110 320848 320848 SARASOTA YOUTH OPERA 711110 69281 69281 2822084 196339 196339 9633784 9405611 9047 228173 -9047 219126 219126 345335 774 228379 116956 116956 OTHER INCOME 711110 199948 199948 199948 8229528 3022032 0 532421 14500 14500 612550 143438 271714 197398 4306066 3406488 753732 145846 366714 248040 83731 34943 182509 97476 61274 23759 13896 12905 991 20000 20000 73851 73851 354259 354259 154615 11956 128977 13682 112821 1661 109882 1278 837249 769404 67845 584063 583501 55 507 24628 22848 1380 400 100198 41326 58872 816748 810213 6535 125047 122037 3010 PRODUCTION MATERIALS 465290 465290 GUILDS 121554 121554 OTHER PROGRAM EXP 92668 92668 FUNDRAISING 52536 52536 83914 67530 16384 9515676 7143779 1703747 668150 157462 610452 161741 72506 819029 674351 27279 10046 108471 162703 28411015 11125916 16682254 17285099 8547272 8066100 7149 7663 26510657 26888920 268004 835145 1066743 938371 1770477 2814009 3105224 4587525 X 14625821 14185375 8779612 8116020 23405433 22301395 26510657 26888920 -1286148 182110 0 X X 0 1 X 1 0 X 5037037 7443911 3621657 3959949 4675075 24737629 3745135 3202405 3494081 3519074 2822084 16782779 8782172 10646316 7115738 7479023 7497159 41520408 150000 2326105 175000 644196 1042000 4337301 0 150000 2326105 175000 644196 1042000 4337301 37183107 496242 505395 47786 217322 196339 1463084 496242 505395 47786 217322 196339 1463084 326316 137804 278080 289431 199948 1231579 9604730 11289515 7441604 7985776 7893446 44215071 0.84100 0.85830 0.03310 0.06580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8547272 36963 529865 1048000 8066100 8453072 286562 156660 349022 8547272 7960245 351500 478327 337000 8453072 6142545 1440227 674973 297500 7960245 6661402 156210 -131567 543500 6142545 0.01600 0.95870 0.02530 0 0 464466 464466 22984205 7875191 15109014 3854091 2515614 1338477 1108253 735111 373142 17285099 X 8566166 182110 228379 410489 8155677 73851 73851 8229528 9670204 228379 228379 9441825 73851 73851 9515676 PART V, LINE 4: TO PROVIDE A STABLE FLOW OF RESOURCES FOR CURRENT OPERATIONS. PART X, LINE 2: THE OPERA QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(A). HOWEVER, THE OPERA IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED MAY 31, 2020, THE OPERA INCURRED NO INCOME TAX EXPENSE. IT IS THE OPERA'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE OPERA RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE OPERA'S TAX POSITIONS AND CONCLUDED THAT THE OPERA HAS MAINTAINED ITS TAX-EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE OPERA FILES A 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 228,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 228,379. OPENING NIGHT GALA 153313 153313 3824 13383 69287 4943 18651 ANNUAL TRIP 52257 52257 3524 10294 34095 5 140539 774 139765 4476 59651 2250 4001 346109 774 345335 3824 17859 132462 17487 56747 228379 116956 1 FINANCIAL SCHOLARSHIPS 5 14500 X X X X X 0 0 0 0 0 0 0 0 0 RICHARD RUSSELL EXECUTIVE DIRECTOR 253250 0 0 0 0 0 0 0 0 8701 253250 8701 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD THROUGH ITS FINANCE COMMITTEE, REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. THE FINANCE COMMITTEE REPORTS ITS REVIEW AND UPON FINAL APPROVAL BY THE BOARD, THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL POTENTIAL CONFLICTS OF INTEREST TO BE REPORTED TO A SUPERVISOR AND/OR TO THE EXECUTIVE DIRECTOR. THE ORGANIZATION REQUIRES CONFLICTS OF INTEREST TO BE AVOIDED OTHER THAN TO THE EXTENT THE EXECUTIVE DIRECTOR HAS PROVIDED THE EMPLOYEE WITH A WRITTEN EXEMPTION. THE BOARD OF TRUSTEES ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST AT THEIR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ENGAGES A HUMAN RESOURCE COMMITTEE WHICH FUNCTIONS AS A COMPENSATION COMMITTEE WHICH REVIEWS INDUSTRY COMPENSATION SURVEYS, REVIEWS AND APPROVES OPERA'S ANNUAL BUDGET AND REQUIRES RATIFICATION BY THE BOARD OF TRUSTEES FOR ARTISTIC AND EXECUTIVE DIRECTORS. ARTISTIC AND EXECUTIVE DIRECTORS ARE RESPONSIBLE FOR ALL OTHER PAID EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OR AT WWW.GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR.