2021-12-20T13:06:36-06:00 2021-05-31 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W STE 1200 BRADENTON FL 34205 990 2020-06-01 237089047 SARASOTA OPERA ASSOCIATION INC SARA 9413668450 61 N PINEAPPLE AVENUE SARASOTA FL 34236 RICHARD A RUSSELL EXECUTIVE DIRECTOR 9413668450 2021-12-14 1 RICHARD RUSSELL 999009999 BRIAN CARTER P00536712 9417474483 2021-12-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD A RUSSELL 61 N PINEAPPLE AVENUE SARASOTA FL 34236 11634226 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 29 132 200 0 0 4675075 5036758 2822084 576965 415465 431227 316904 436579 8229528 6481529 14500 0 0 0 5467839 3439074 0 0 445525 4033337 2628769 9515676 6067843 -1286148 413686 26888920 28037945 4587525 3954480 22301395 24083465 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 4179014 976236 IN A YEAR SEVERELY AFFECTED BY THE COVID PANDEMIC, SARASOTA OPERA PRESENTED 24 OPERA PERFORMANCES AND 4 CONCERTS IN BOTH LIVE AND STREAMING FORMAT ALONG WITH 8 HD MOVIES. IN A NORMAL YEAR, THE OPERA REACHES OVER 50,000 PATRONS AND ANOTHER 2,000 YOUTHS THROUGH SCHOOL-BASED AND COMMUNITY PROGRAMS, BUT MANY OF THOSE PROGRAMS WERE LIMITED OR CANCELED ENTIRELY. THE OPERA IS PROUD THAT THEY WERE THE ONLY OPERA COMPANY IN THE UNITED STATES TO OFFER A LIVE INDOOR OPERA SEASON TO SOCIALLY-DISTANCED AUDIENCES DURING THE PANDEMIC. 4179014 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 235 0 132 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 FRANCES DALY FERGUSSON 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 6675 KENNETH TARASI DIRECTOR OF FINANCE 50.00 X 97412 0 6320 350662 0 12995 1 0 1 0 DERENZI & SUNDINE INC 1111 N GULFSTREAM AVE SARASOTA FL 34236 ARTISTIC DIRECTION, CONDUCTING, STAGE DI 323744 ALDINA LC 1247 MANDALAY POINT SARASOTA FL 34242 WAREHOUSE STORAGE FOR SETS & COSTUMES 261000 TESSITURA NETWORKS INC PO BOX 222234 DALLAS TX 75222 TICKETING 107239 3 9500 452206 4575052 5036758 OPERA PRODUCTIONS 711110 463427 463427 RENTAL 711110 81303 81303 SARASOTA YOUTH OPERA 711110 32235 32235 576965 183958 183958 5376030 5128401 360 247629 -360 247269 247269 61244 9500 23936 37308 37308 OTHER INCOME 711110 399271 399271 399271 6481529 976236 0 468535 371998 130016 137970 104012 2605363 1732180 717393 155790 314897 199404 75834 39659 146816 70450 57152 19214 18644 18644 20500 20500 81556 81556 137828 137828 77322 6906 53304 17112 108281 2898 105383 811881 742121 69760 37910 38097 320 -507 16065 791 15259 15 117098 54621 42261 20216 829671 804056 24454 1161 2802 2802 PRODUCTION MATERIALS 227363 227363 GUILDS 35464 35464 OTHER PROGRAM EXP 32283 32283 FUNDRAISING 30439 30439 43662 20712 22950 6067843 4179014 1443304 445525 610452 193264 72506 224265 674351 272327 10046 349757 162703 14357 28544099 11923702 17285099 16620397 8066100 10349307 7663 14271 26888920 28037945 835145 134749 938371 410237 2814009 3409494 4587525 3954480 X 14185375 15080192 8116020 9003273 22301395 24083465 26888920 28037945 413686 1368384 0 X X 0 1 X 1 0 X 7443911 3621657 3959949 4675075 5036758 24737350 3202405 3494081 3519074 2822084 576965 13614609 10646316 7115738 7479023 7497159 5613723 38351959 2326105 175000 644196 1042000 420000 4607301 0 2326105 175000 644196 1042000 420000 4607301 33744658 505395 47786 217322 196339 183958 1150800 505395 47786 217322 196339 183958 1150800 137804 278080 289431 199948 399271 1304534 11289515 7441604 7985776 7893446 6196952 40807293 0.82690 0.84100 0.02820 0.03310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8066100 809487 1714720 241000 10349307 8547272 36963 529865 1048000 8066100 8453072 286562 156660 349022 8547272 7960245 351500 478327 337000 8453072 6142545 1440227 674973 297500 7960245 0.13620 0.74830 0.11550 0 0 464466 464466 22984205 8431605 14552600 3926884 2659707 1267177 1168544 832390 336154 16620397 X 7792293 1368384 23936 1392320 6399973 81556 81556 6481529 6010223 23936 23936 5986287 81556 81556 6067843 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, 2021, 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 23,936. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 23,936. OPENING NIGHT GALA 36456 36456 1871 1329 12390 ANNUAL TRIP 4500 4500 2491 5 29788 5000 24788 987 80 4788 70744 9500 61244 987 80 6659 1329 14881 23936 37308 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 6675 0 259925 0 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, WWW.CHARITYNAVIGATOR.ORG, AND WWW.THEGIVINGPARTNER.ORG. FORM 990, PART XII, LINE 2C THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR.