2021-05-17T10:29:53-05:00 2020-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2019-07-01 952096402 LOS ANGELES OPERA COMPANY % CARL M RIES LOSA 2139727652 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 CARL RIES CFO 2139727219 2021-05-14 true SHALINI SAIDHA P01959812 2139724000 2021-05-14 2019 2022-09-23 18:48:47Z Carl M Ries 135 N GRAND AVENUE LOS ANGELES CA 90012 39502432 false X LAOPERA.ORG X 1983 CA THE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA. 92 89 1044 228 0 0 34808643 26107839 11918084 8338498 4462727 2922435 -278842 -372973 50910612 36995799 8000 8000 0 0 27533614 24879850 139770 134796 2974121 15856993 16537660 43538377 41560306 7372235 -4564507 97387314 90291254 20096003 18789822 77291311 71501432 X To serve the public by producing world-class opera that preserves, promotes and advances the art form while embodying the diversity, spirit and artistic sensibility unique to Los Angeles. See Schedule O. false false 28788903 6443170 OPERA Between July 1, 2019 through June 30, 2020, the Company was scheduled to produce 43 mainstage Opera performances of seven operas for nearly 106,000 audience members. On March 14th, 2020 the County of Los Angeles Department of Public Health ordered the closure of the Music Center campus where the Opera performs. As a result, the final 13 performances of the season were canceled. Leading up to the cancelations, 79,000 people attended 31 mainstage Opera performances of five Operas, including 20,000 who attended preshow educational talks. 3553595 1726001 Other Artistic Programs The organization presents opera both in person and digitally and at a variety of locations to expand and engage the LA Opera audience and promote the art form. These activities include the "Off Grand Initiative", the "Young Artist Program" as well recitals with world renowned opera singers. As a result of the COVID- pandemic, the company launched "LAO On Now", an online platform to stream Operas, recitals and other content, which garnered over 548,000 views through June 20, 2020. See Schedule O 1374409 8000 164442 LAO Connects (formerly Education and Community Outreach) Throughout the year, LA Opera produced over 25 unique LAO Connects programs, for students, children, families, and senior citizens across the Los Angeles region. Over 3,100 school students attended dress rehearsals at the Dorothy Chandler Pavilion. Over 6,100 students and seniors attended main stage performances through our Community Circle program at little or no cost. See Schedule O. 33716907 true true false false false false false false false true true true false true false false true false false false false false false true true false false false true true false false false true false true true true true false false false false false false false false true 163 0 true 1044 true false false false false false true true false false false false false false X 92 89 true false false false false false false true true false false false true true true true true true true false CA X X CARL M RIES 2139727652 135 N GRAND AVENUE LOS ANGELES CA 900123013 X Placido Domingo Director (thru 9/30/19) 20.0 0.0 X 1412020 0 0 James Conlon EX.OFF.DIR. SEE SCH.J, PT. III 20.0 0.0 X 768838 0 127310 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 40.0 0.0 X X 671500 0 15031 John Nuckols Executive Vice President 40.0 0.0 X 378438 0 6594 Rupert Hemmings V.P., ARTISTIC PLANNING 40.0 0.0 X 232404 0 14718 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 40.0 0.0 X 235000 0 11254 Joshua Winograde Senior Director, Artisitc 40.0 0.0 X 217085 0 14412 Patricia McLeod Sr. Director Development 40.0 0.0 X 195000 0 13774 Carl M Ries V.P., CFO 40.0 0.0 X 178395 0 4497 Stacy C Brightman V.P., ED. & COMM. ENGAGEMENT 40.0 0.0 X 160000 0 10197 Grant Gershon Asst. Cond. Chorus Master 40.0 0.0 X 162000 0 3831 Jeff Kleeman Technical Director 40.0 0.0 X 150642 0 13096 Chul Park Director, Technology Services 40.0 0.0 X 149221 0 12770 Marc I Stern Chairman 10.0 0.0 X X 0 0 0 Carol F Henry Chairman of Executive Committe 10.0 0.0 X X 0 0 0 Bernard A Greenberg Vice Chairman 5.0 0.0 X X 0 0 0 Warner W Henry Vice Chairman 5.0 0.0 X X 0 0 0 Sebastian Paul Musco Vice Chairman 5.0 0.0 X X 0 0 0 Eugene P Stein Vice Chairman 5.0 0.0 X X 0 0 0 Marilyn Ziering Vice Chairman 5.0 0.0 X X 0 0 0 Robert Ronus Treasurer 5.0 0.0 X X 0 0 0 Marvin S Shapiro Secretary 5.0 0.0 X X 0 0 0 Geraldine Alden PhD Director 2.0 0.0 X 0 0 0 Patricia N Artigas Director 2.0 0.0 X 0 0 0 James R Asperger Director 2.0 0.0 X 0 0 0 Haig S Bagerdjian Director 2.0 0.0 X 0 0 0 Paul Bloch Director 2.0 0.0 X 0 0 0 Alex K Bouzari Director 2.0 0.0 X 0 0 0 Dr Iman H Brivanlou Director 2.0 0.0 X 0 0 0 Barbara Burtin Director (As of 7/1/19) 2.0 0.0 X 0 0 0 Marlene Chavez Director 2.0 0.0 X 0 0 0 Joyce Chernick Director 2.0 0.0 X 0 0 0 Robert T Cook Director 2.0 0.0 X 0 0 0 Alexis Deutsch-Adler Director 2.0 0.0 X 0 0 0 Leslie A Dorman Director 2.0 0.0 X 0 0 0 Geoff Emery Director 2.0 0.0 X 0 0 0 Penelope Foley Director 2.0 0.0 X 0 0 0 Don Erik Franzen Director 2.0 0.0 X 0 0 0 Dr Michael A Friedman Director 2.0 0.0 X 0 0 0 Alexander Furlotti Director 2.0 0.0 X 0 0 0 Craig Garner Director 2.0 0.0 X 0 0 0 Kiki Ramos Gindler Director 2.0 0.0 X 0 0 0 Ruth R Gold Director 2.0 0.0 X 0 0 0 Thomas Gottschalk Director 2.0 0.0 X 0 0 0 Diane Gray Director 2.0 0.0 X 0 0 0 Monica Gutierrez-Roper Director 2.0 0.0 X 0 0 0 Cornelia Haag-MolkentellerPhD Director 2.0 0.0 X 0 0 0 Hany Haddad Director 2.0 0.0 X 0 0 0 Nicolas Hamatake Director 2.0 0.0 X 0 0 0 Mary Hayley Director 2.0 0.0 X 0 0 0 Catherine H Helm Director 2.0 0.0 X 0 0 0 Mrs John F Hotchkis Director 2.0 0.0 X 0 0 0 Tim C Johnson Director 2.0 0.0 X 0 0 0 Richard Jones Director 2.0 0.0 X 0 0 0 Lawrence A Kern Director 2.0 0.0 X 0 0 0 Gayle Kirschbaum Director 2.0 0.0 X 0 0 0 Thomas F Kranz Director 2.0 0.0 X 0 0 0 Lauren B Leichtman Director 2.0 0.0 X 0 0 0 Keith R Leonard Jr Director 2.0 0.0 X 0 0 0 Sean Madnani Director 2.0 0.0 X 0 0 0 Claude Mann Director 2.0 0.0 X 0 0 0 Patty McKenna Director 2.0 0.0 X 0 0 0 Bryan Moeller Director 2.0 0.0 X 0 0 0 James Mulally Director 2.0 0.0 X 0 0 0 Gregory Nava Director 2.0 0.0 X 0 0 0 Dr Leslie A Pam PhD Director 2.0 0.0 X 0 0 0 Linda Pascotto Director 2.0 0.0 X 0 0 0 Linda Pierce Director 2.0 0.0 X 0 0 0 Harold B Ray Director 2.0 0.0 X 0 0 0 Courtney Reum Director 2.0 0.0 X 0 0 0 Barry A Sanders Director 2.0 0.0 X 0 0 0 Lionel Sauvage Director 2.0 0.0 X 0 0 0 Heinrich Schelbert Director 2.0 0.0 X 0 0 0 R Carlton Seaver Director 2.0 0.0 X 0 0 0 Lisa See Director 2.0 0.0 X 0 0 0 Joan Seidel Director 2.0 0.0 X 0 0 0 Linda Shaheen Director 2.0 0.0 X 0 0 0 Marilyn Shapiro Director 2.0 0.0 X 0 0 0 Susan Shapiro Director 2.0 0.0 X 0 0 0 Eric L Small Director 2.0 0.0 X 0 0 0 James Thurmond Smithgall Director 2.0 0.0 X 0 0 0 Dr Vina Spiehler Director 2.0 0.0 X 0 0 0 Deanie Stein Director 2.0 0.0 X 0 0 0 Mrs Dorothy B Straus Director 2.0 0.0 X 0 0 0 Dr James H Strauss Director 2.0 0.0 X 0 0 0 Barbara Augusta Teichert Director 2.0 0.0 X 0 0 0 Sandra Terner Director 2.0 0.0 X 0 0 0 Paul D Tosetti Director 2.0 0.0 X 0 0 0 Brigitta B Troy Director 2.0 0.0 X 0 0 0 Chris Walker Director 2.0 0.0 X 0 0 0 Regina Weingarten Director 2.0 0.0 X 0 0 0 Geoffrey P Wharton Director 2.0 0.0 X 0 0 0 Alyce Williamson Director 2.0 0.0 X 0 0 0 Andrew Xu Director 2.0 0.0 X 0 0 0 Zev Yaroslavsky Director 2.0 0.0 X 0 0 0 Ellen Zetcher Director 2.0 0.0 X 0 0 0 Ann Ziff Director 2.0 0.0 X 0 0 0 Beatrice Bennett Director (as of 12/09/19) 2.0 0.0 X 0 0 0 Kathleen K Eberhardt Director (as of 7/1/19) 2.0 0.0 X 0 0 0 Laurel Howat Director (as of 7/1/19) 2.0 0.0 X 0 0 0 Scott R Lord Director (as of 9/13/19) 2.0 0.0 X 0 0 0 M Faye Wilson Director (as of 7/1/19 2.0 0.0 X 0 0 0 4910543 0 247484 37 true true true MARINGO USA LLC 425 E 58TH ST 21F NEW YORK NY 10022 DIR/PERFORMANCE FEES 1412020 AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 DIR/CONDUCTOR 768838 The SCENIC ROUTE 13516 DESMOND STREET PACOIMA CA 91331 SET & PROP CONST. 577272 112 BEVERLY LLC 936 CRENSHAW BLVD 100 LOS ANGELES CA 90019 COSTUME SHOP RENT 574916 SCENARIO TWO LTD THE LONG BARN LEWES ROAD LAUGHTON 0 UK BN8 68Q PRODUCTION COMPANY 568707 12 1025923 5418345 19663571 1947539 26107839 Ticket Sales and Fees 711190 6448361 6448361 Off-Grand Project 711190 1702989 1702989 Recitals 611710 53629 53629 Outreach Income 711190 164442 164442 Co-Production & Production Rental 711190 -35808 -35808 4885 4885 8338498 2901927 2901927 0 306 306 0 0 0 1942539 1922031 20508 20508 20508 73901 1025923 584602 -510701 -510701 0 0 0 0 0 0 Workers Compensation Rebate 900099 36156 36156 403b Forfeiture Funds 900099 2579 2579 BOX OFFICE CONSORTIUM INCOME 900099 98687 98687 137422 36995799 8475920 2412040 0 8000 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8099610 7057504 1042105 422236 351037 71199 1316014 MUSIC CTR FDTN UNITIZED INV PL 22395921 F 22395921 BENEFICIAL INT PERPETUAL TRUST 16003936 BENEFICIAL INT REMAINDER TRUST 19070643 DEPOSITS 88692 FABRIC INVENTORY 23754 35187025 37964598 -175767 1131681 124341 1080255 36884343 103791 7665 111456 36995799 43754457 1131681 1173926 2305607 41448850 103791 7665 111456 41560306 INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS TO PROVIDE A RELIABLE STREAM OF FUNDING TO ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. TO SATISFY THE LONG-TERM RATE-OF-RETURN OBJECTIVES, THE OPERA RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). IN ORDER TO SUPPORT THE LONG-TERM GROWTH OF THE OPERA, THE FINANCE COMMITTEE HAS ESTABLISHED A SPENDING RATE POLICY WHERE THE ENDOWMENT SHALL ANNUALLY DISTRIBUTE A PERCENTAGE OF THE 12-QUARTER ROLLING AVERAGE FAIR VALUE ENDING ON MARCH 30 OF THE PRIOR FISCAL YEAR. IN 2018, THE PERCENTAGE RATE USED WAS 5%. FOR FUNDS WITH DONOR-IMPOSED ASSET ALLOCATIONS OR DISTRIBUTIONS, THE DISTRIBUTIONS CONFORM TO THE DONOR'S EXPRESSED WISHES. THIS SPENDING RATE POLICY IS CONSISTENT WITH THE OPERA'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NET GIFTS AND INVESTMENT RETURN. REVENUE ON AUDITED FINANCIALS, NOT ON FORM 990 Form 990, Schedule D, Part XI, Line 2d CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST $ 124,341 REVENUE ON FORM 990, RECLASSIFIED FROM AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XI, LINE 4B Gross up Sale of Securities Gain netted against Exp $ 2,780 Gross up of Visit Patron/Aria Inc net against Exp $ 4,885 ------------ TOTAL $ 7,665 EXPENSES ON AUDITED FINANCIALS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XII, LINE 2D Write-off of Uncollectible Pledges $ 1,173,926 EXPENSES ON FORM 990, NOT AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XII, LINE 4B Gross up Sale of Securities Gain netted against Exp $ 2,780 Gross up of Visit Patron/Aria Inc net against Exp $ 4,885 ------------ TOTAL $ 7,665 X X X X X X X true SDA TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING false 255986 113501 142485 THEATER DIRECT INC 4213 BURBANK BLVD BURBANK CA 91505 TELEMRKTING false 48950 21295 27655 304936 134796 170140 CA 19/20 OPEN GALA 800664 726763 73901 62 87606 5995 490939 20/21 OPEN GALA 299160 299160 0 1099824 1025923 73901 62 87606 5995 490939 584602 -510701 true THE MARRIAGE OF FIGARO POSTER ART DESIGN CONTEST 3 8000 N/A N/A GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS SCHEDULE I, PART I, LINES 1 & 2 IN 2019, THE OPERA HELD A POSTER CONTEST FOR THE OPERA THE MARRIAGE OF FIGARO POSTER ART DESIGN CONTEST. THE CONTEST WAS FUNDED BY SUPPORT FROM THE GROW @ ANNENBERG(ANNENBERG FOUNDATION), AND WAS OPEN TO ENROLLED COLLEGE ART & DESIGN STUDENTS IN SOUTHERN CALIFORNIA. THREE UNRESTRICTED CASH PRIZES WERE AWARDED TO THE WINNERS. SINCE THERE WERE NO AWARD RESTRICTIONS, NO MONITORING OF THE USE OF THE FUNDS WAS NECESSARY. X X X true true X X X X false false false false false false false false false James Conlon EX.OFF.DIR. SEE SCH.J, PT. III 765000 3838 127310 896148 Placido Domingo Director (thru 9/30/19) 845353 566667 1412020 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 400000 271500 5500 9531 686531 John Nuckols Executive Vice President 325000 53438 5500 1094 385032 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 235000 4700 6554 246254 Carl M Ries V.P., CFO 178395 3568 929 182892 Rupert Hemmings V.P., ARTISTIC PLANNING 232404 4648 10070 247122 Stacy C Brightman V.P., ED. & COMM. ENGAGEMENT 160000 3200 6997 170197 Patricia McLeod Sr. Director Development 195000 3900 9874 208774 Grant Gershon Asst. Cond. Chorus Master 162000 3240 591 165831 Jeff Kleeman Technical Director 150642 3013 10083 163738 Joshua Winograde Senior Director, Artisitc 217085 4342 10070 231497 Chul Park Director, Technology Services 149221 2984 9786 161991 COMPENSATION INFORMATION Form 990, Schedule J, Part I, Line 1a FIRST CLASS TRAVEL EXPENSES OF PLACIDO DOMINGO AND JAMES CONLON ARE REIMBURSED BY THE OPERA WHEN NECESSARY FOR BUSINESS PURPOSES. THE AMOUNTS ARE PAID TO THE CORPORATE EMPLOYERS OF DOMINGO AND CONLON AND TREATED AS REIMBURSEMENT OF EXPENSE PURSUANT TO AN ACCOUNTABLE PLAN. LIMITED TRAVEL IS PROVIDED TO MEMBERS OF CONLON'S FAMILY SUBJECT TO RESTRICTIONS. TRAVEL EXPENSES PAID FOR CONLON'S FAMILY ARE INCLUDED AS REPORTABLE COMPENSATION ON THE 1099 ISSUED TO AMADEUS MUSIC PRODUCTION CORPORATION. NO INDIVIDUAL(S) RECEIVED GROSS-UP PAYMENTS RELATED TO REIMBURSEMENT OF HOUSING EXPENSES. THESE PAYMENTS WERE INCLUDED AS NON-TAXABLE BENEFITS AND WERE NOT INCLUDED IN THEIR W-2 TAXABLE COMPENSATION. FORM 990, SCHEDULE J, PART II TOTAL COMPENSATION FOR PLACIDO DOMINGO IN THE CALENDAR YEAR 2019 INCLUDES $566,667 IN GENERAL DIRECTOR FEES DEFERRED FROM CALENDAR YEAR 2018, $120,353 IN PERFORMANCE/CONDUCTING FEES DEFERRED FROM CALENDAR YEAR 2018, AND $675,000 IN GENERAL DIRECTOR FEES COVERING THE PERIOD JANUARY 2019 THROUGH SEPTEMBER 2019 OTHER REPORTED COMPENSATION INCLUDES $50,000 IN DIRECTOR FEES FOR MARTA DOMINGO (SEE SCHEDULE L FOR FURTHER DISCLOSURE). ANY PAYMENTS FOR SERVICES PROVIDED BY DOMINGO, PER THE AGREEMENT BETWEEN THE OPERA AND HIS COMPANY MARINGO, LLC (A COMPANY UNRELATED TO LA OPERA) WERE MADE TO MARINGO, LLC. TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2019 INCLUDES MUSIC DIRECTOR FEES OF $325,000 (OF WHICH $162,500 IN FEES WERE DEFERRED FROM CALENDAR YEAR 2018), AS WELL AS CONDUCTING FEES OF $440,000 (OF WHICH $240,000 IN CONDUCTING FEES WERE DEFERRED FROM CALENDAR YEAR 2018). CONLON ALSO RECEIVED TRAVEL REIMBURSEMENTS OF $1,896 WHICH IS INCLUDED IN HIS 1099 REPORTABLE COMPENSATION. ANY PAYMENTS FOR SERVICES PROVIDED BY CONLON PER THE AGREEMENT BETWEEN THE OPERA AND HIS COMPANY AMADEUS MUSIC PRODUCTION CORP (A COMPANY UNRELATED TO LA OPERA) WERE MADE TO AMADEUS MUSIC PRODUCTION CORP. ROBERT RONUSSEE NOTE BOARD MEMBER OPERATIONS X 7000000 1500000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 1050000 16667 false false true Lionel Sauvage BOARD MEMBER OPERATIONS X 1000000 false false true MARILYN ZIERING BOARD MEMBER OPERATIONS X 100000 33333 false false true BERNARD GREENBERG BOARD MEMBER OPERATIONS X 50000 false false true SELIM ZILKHA BRD FMLY MBR OPERATIONS X 100000 false false true FRANK BAXTER FRMR BRD MBR OPERATIONS X 50000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 1000000 1000000 false false true Paul Sebastian Musco BOARD MEMBER OPERATIONS X 1000000 1000000 false false true 3550000 MARTA DOMINGO SPOUSE OF GENENRAL DIR. 50000 COMP FOR DIR, COSTUME, SC true LOANS FROM INTERESTED PERSONS FORM 990, SCHEDULE L, PART II, COLUMN (A) THE LOAN WITH ROBERT RONUS FOR $7,000,000 IS A LOAN FROM HIS DONOR ADVISED FUND. FORM 990, SCHEDULE L, PART II, COLUMN (F) LOANS FROM DONORS OR BOARD MEMBERS DO NOT REQUIRE FINANCE COMMITTEE OR FULL BOARD APPROVAL. THE BOARD CHAIR APPROVES ALL SUCH TRANSACTIONS AS WELL AS THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV, LINE 1 MARTA DOMINGO IS AN INTERNATIONALLY RECOGNIZED OPERA DIRECTOR. HER SELECTION AS DIRECTOR FOR A PRODUCTION OF LA TRAVIATA WAS BASED ON HER REPUTATION AND SKILL, AND WAS DISCLOSED AND APPROVED BY THE FULL BOARD. PAYMENTS FOR SERVICES PROVIDED BY MRS. DOMINGO TO THE OPERA ARE MADE TO MARINGO USA, LLC. AMOUNTS PAID ARE ALSO REPORTED ON PART VII, SECTION B, AS AN INDEPENDENT CONTRACTOR. X 54 1942539 AVG VAL DATE DONATED X Cosmetics 1 5000 RETAIL COST false true false NUMBER OF CONTRIBUTIONS Form 990, Schedule M, Part I, Column B THIS COLUMN REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. EACH INDIVIDUAL CONTRIBUTION MAY CONTAIN MORE THAN ONE ITEM. METHOD OF DETERMINING REVENUES SCHEDULE M, PART I, LINE 9 CONTRIBUTED PROPERTY IS RECORDED AS INCOME AT THE FAIR VALUE OF THE PROPERTY ON THE DATE OF DONATION. THE FAIR VALUE OF PUBLICLY TRADED SECURITIES IS BASED ON QUOTED MARKET PRICES. REVENUE LESS EXPENSES FORM 990, PART I, LINE 19 CONSISTENT WITH INSTRUCTIONS FOR THE FORM 990, LINE 19 REFLECTS REVENUE LESS EXPENSES FOR ALL NET ASSET CLASSES. REVENUE LESS EXPENSES FROM UNRESTRICTED OPERATIONS PLUS NONOPERATING ITEMS WAS $3,096,890 AND ($3,204,358) IN 18-19 AND 19-20 RESPECTIVELY. ORGANIZATION'S MISSION, CONTINUED FORM 990, PART III, LINE 1 WE ENVISION AN ENGAGED AND ENLIGHTENED COMMUNITY IN WHICH ALL MEMBERS HAVE THE OPPORTUNITY TO COLLECTIVELY ENJOY THE RICH AESTHETIC, EMOTIONAL, INTELLECTUAL AND CULTURAL EXPERIENCE OF OPERA. PROGRAM SERVICE, CONTINUED FORM 990, PART III, LINE 4B Off Grand The LA Opera Off Grand Initiative is designed to bring performances to a broader geographic area, reach new and more diverse audiences and expand the range of experiences available to existing audiences. The Company also partners with other local arts organizations to present concert performances of current season operas as well as co-produce contemporary opera at various performance venues. The Off Grand performances and programs reached over 7,600 audience members. In its fifth year, the Simulcast project, funded by the County of Los Angeles, broadcasted La Boheme live in high-definition to the big screen at the Santa Monica Pier and Columbia Regional Park in Torrance on September 28, 2019 free of charge to an audience of over 5,000 Domingo-Colburn-Stein Young Artist Program The Young Artist Program seeks to support and develop the careers of promising singers and pianists.? This residency program provides extensive training and performance experience through main-stage roles, cover roles, concerts and other productions. During the year, twelve artists were given 46 main-stage assignments (roles, covers) and performed in more than 24 recitals throughout the community. Cathedral Project The Festival Play of Daniel was cancelled due to stay at home orders as a result of the COVID pandemic. The Cathedral Project normally expects the participation of an estimated 450 community performers and reaches an audience of nearly 4,800 people. Radio Broadcasts LA Opera has a series of local and national radio broadcasts. The nationally syndicated 2019-2020 series on WFMT was heard on 64 stations and featured Puccini's La Boheme, Mozart's The Clemency of Titus and Bizet's Carmen. LA Opera's KUSC broadcast season featured Puccini's La Boheme, Mozart's The Magic Flute, the world premiere of Matthew Aucoin's Eurydice and Donizetti's Roberto Devereux. PROGRAM SERVICE, CONTINUED FORM 990, PART III, LINE 4C In School Opera brought weekly workshops to 25 elementary and secondary schools, where over 1,000 students learned to perform in and produce opera, and then performed the opera at their school alongside professional artists for audiences of fellow students and their families, across all schools totaling almost 12,000. Voices for Tolerance, a year-long program for almost 151 students, provided weekly sessions that teach choral music and performance, as well as discuss diversity and tolerance. More than 360 students, teachers and family watched the final performances (three elementary schools participated in an online version of the program due to stay at home orders). Over 3,100 students and teachers attended final dress rehearsals at the Dorothy Chandler Pavilion, which included workshops by musicians and production staff. Opera Prep and Opera for Educators offered 93 teachers the opportunity to learn a broad foundation of Opera to be used in workshops and seminars. Other LAO Connects programs included the Healthcare Project which filled the halls of and streamed to 13 hospitals. LAO Connects programs provide opportunities for underserved community groups to attend mainstage performances at little or no cost. Due to stay at home orders, 11 programs were cancelled (est. audience of 1,250), however participation in and access to many programs, including Opera Camp, Podcasts and virtual Community Performances and events increased significantly, reaching over 221,000 community members, compared to 158,000 in 2018-19. VOTING MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS EMPOWERED TO EXERCISE ALL THE DUTIES OF THE BOARD BETWEEN MEETINGS OF THE BOARD AND WHEN THE BOARD IS NOT IN SESSION, EXCEPT THOSE MATTERS PRECLUDED UNDER SECTION 5212 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 THERE IS ONE MARRIED COUPLE ON THE BOARD: WARNER & CAROL HENRY. REVIEW OF THE FORM 990 FORM 990, PART VI, SECTION B, LINE 11A AND 11B THE FINAL DRAFT OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT OF THE LA OPERA, AND EDITED IF REQUIRED. PRIOR TO PRESENTATION TO THE AUDIT COMMITTEE, THE CHAIR OF THE BOARD REVIEWS THE DRAFT AND PROPOSES EDITS, IF REQUIRED. IT IS THE PRACTICE OF THE LA OPERA TO CIRCULATE THE PUBLIC INSPECTION COPY, WITHOUT SCHEDULE B (CONFIDENTIAL DONOR LIST), TO THE AUDIT COMMITTEE FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. FURTHER, THE PUBLIC INSPECTION COPY WITHOUT SCHEDULE B IS MADE AVAILABLE TO THE FULL BOARD SUBSEQUENT TO FILING BY ELECTRONIC OR OTHER MEANS. MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICIES ADOPTED BY THE BOARD. ANY PROPOSED TRANSACTION WHERE THERE IS, OR MAY BE, A CONFLICT OF INTEREST WITH A BOARD MEMBER IS DISCUSSED AND MAY BE SUBJECT TO APPROVAL BY THE BOARD. ANNUALLY, A PERSONALIZED LETTER TO EACH BOARD MEMBER, SIGNED BY THE CHAIRMAN OF THE BOARD, IS CIRCULATED SPECIFICALLY REQUESTING REVIEW OF THE POLICY, WHICH IS ATTACHED TO THE LETTER ALONG WITH A QUESTIONNAIRE. A RESPONSE TO A QUESTIONNAIRE IS REQUESTED TO BE SENT TO THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICT IS DISCUSSED WITH THE CHAIRMAN OF THE BOARD AND THE PRESIDENT. THE CHAIRMAN OR THE PRESIDENT DECIDE IF A POTENTIAL CONFLICT EXISTS AND IF IT SHOULD BE SUBMITTED TO THE BOARD OF DIRECTORS. A SIMILAR POLICY EXISTS, AND PROCESS IS CONDUCTED, WITH KEY EMPLOYEES WITH A QUESTIONNAIRE SUBMITTED TO THE DIRECTOR OF HUMAN RESOURCES. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A AND 15B THE COMPENSATION COMMITTEE OF THE BOARD MEETS TO REVIEW AND APPROVE THE COMPENSATION, OR CHANGE IN COMPENSATION, OF THE FOLLOWING POSITIONS, AND OTHER KEY EMPLOYEES: " GENERAL DIRECTOR " MUSIC DIRECTOR " PRESIDENT AND CHIEF EXECUTIVE OFFICER " CHIEF FINANCIAL OFFICER " VICE PRESIDENTS THE COMPENSATION COMMITTEE IS COMPOSED OF BOARD MEMBERS INDEPENDENT WITH REGARD TO THE COMPENSATION ARRANGEMENT. IN ITS EFFORTS TO COMPENSATE EMPLOYEES FAIRLY FOR THEIR SERVICES, THE COMMITTEE UTILIZES THE FOLLOWING IN DETERMINING APPROPRIATE LEVELS OF COMPENSATION: " COMPENSATION SURVEYS OR STUDIES OF COMPARABLE ORGANIZATIONS " INDUSTRY GROUP SURVEYS (OPERA AMERICA) " FORM 990 OF COMPARABLE ORGANIZATIONS COMPENSATION AGREEMENTS ARE APPROVED BY THE COMMITTEE AND THE BOARD OFDIRECTORS. DOCUMENTATION INCLUDES THE TERMS OF THE AGREEMENTS AND THE DATE APPROVED , MEMBERS PRESENT DURING THE MEETING AND THOSE WHO VOTED ON IT, THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED, AND ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE AUTHORIZED BODY BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. ONE COMPENSATION COMMITTEE MEETING WAS HELD ON OCTOBER 12, 2020 WHICH REVIEWED AND APPROVED COMPENSATION PACKAGES FOR THE FISCAL YEAR ENDED JUNE 30, 2020. PROCESS FOR DISCLOSING GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE LA OPERA MAKES ITS GOVERNING DOCUMENTS, TAX EXEMPTION LETTER, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE WWW.LAOPERA.ORG. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST $ 124,341 UNCOLLECTIBLE PLEDGES ON RECEIVABLES ($1,173,926) ------------ TOTAL ($1,049,585) SCHEDULE B CONTRIBUTIONS FORM 990, SCHEDULE B CONSISTENT WITH INSTRUCTIONS FOR THE 990 RETURN, ALL CONTRIBUTIONS ARE REPORTED ON THE ACCRUAL BASIS. CONTRIBUTIONS ITEMIZED IN SCHEDULE B INCLUDE NEW GIFTS (BOTH CASH AS WELL AS PLEDGES NOT RECOGNIZED IN PRIOR YEARS). ALSO INCLUDED ARE CHANGES IN DISCOUNT TO RECOGNIZE NEW AND EXISTING LONG TERM PLEDGES AT PRESENT VALUE. THE TOTAL CHANGE IN DISCOUNT IS $1,025,015. 990, PART VIII Paycheck Protection Program Loan - In March 2020, the COVID-19 pandemic forced the closure of the Music Center Campus, including the Opera's main performance space the Dorothy Chandler Pavilion. The closure and subsequent stay at home orders caused the cancelation of the remaining performances of the 2019-20 season. In April 2020, the Opera was approved for a $4,104,545 PPP loan. The loan enabled the company to continue paying employees, many of whom lost work due to the cancellations of the remaining performances of the 2019-20. The company applied for forgiveness of the loan, and recorded the loan as a federal grant as of June 30, 2020. COMPENSATION OF THE FIVE HIGHEST PAID INDEPENDENT CONTRACTORS FORM 990, PART VII, SECTION B, LINE 1 THE AMOUNTS LISTED BELOW FOR AMADEUS MUSIC PRODUCTION CORP AND MARINGO USA, LLC ARE PAYMENTS, AT THEIR BEHEST, FOR SERVICES PROVIDED BY JAMES CONLON AND PLACIDO DOMINGO, RESPECTIVELY. SEE SCHEDULE J FOR FURTHER INFORMATION.