2020-12-22T14:16:16-06:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2019-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREEET PHILADELPHIA PA 19103 K JAMES MCDOWELL PRESIDENT 2157351685 2020-11-30 1 DAVID M SEKERAK P01395497 2156433900 2020-11-30 2019 2022-09-23 18:48:47Z K JAMES MCDOWELL 1920 SPRUCE STREEET PHILADELPHIA PA 19103 7611757 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 32 32 37 33 1000 -270 2403808 2494031 324029 241146 2052751 1994703 -67558 5265 4713030 4735145 278975 264510 0 0 2055392 2269289 0 0 384125 1895495 1522048 4229862 4055847 483168 679298 42735533 42855218 3378452 3546404 39357081 39308814 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 3065809 264510 241146 ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.FOR ITS 85TH ANNIVERSARY SEASON IN 2019-2020, THE AVA OPERA THEATRE SUCCESSFULLY PRODUCED TWO FULLY-STAGED OPERA PRODUCTIONS: MOZART'S LE NOZZE DI FIGARO AND DONIZETTI'S LA FAVORITE, AS WELL AS A RECORDED AND BROADCAST VERSION OF JUBILATE, A CONCERT OF ORATORIO MASTERPIECES, AND THREE VOCAL RECITALS IN A SEASON THAT FACED MANY UNPRECEDENTED CHALLENGES DUE TO THE RAPID SPREAD OF COVID-19 AND ITS SUBSEQUENT IMPLICATIONS. AVA'S PLANNED SPRING PRODUCTION OF VERDI'S UN BALLO IN MASCHERA HAD TO BE CANCELLED.PRIOR TO THE GLOBAL SHUTDOWN DUE TO COVID-19, AVA'S GRADUATES CONTINUED TO STAR IN PRODUCTIONS AT MAJOR INTERNATIONAL OPERA COMPANIES, HOWEVER THE MAJORITY OF THE MET'S 2019-2020 SEASON WAS CANCELLED. MICHAEL FABIANO STARRED IN MASSENET'S MANON, AILYN PREZ STARRED IN LA BOHME, AND THE FOLLOWING AVA ALUMNI WERE SCHEDULED TO STAR IN SEVERAL OF THE MET'S ULTIMATELY-CANCELLED 2019-2020 PRODUCTIONS: AILYN PREZ IN SIMON BOCCANEGRA, LATONIA MOORE AND ALFRED WALKER IN PORGY AND BESS, JOYCE DIDONATO IN AGRIPPINA, AND STEPHEN COSTELLO IN DONIZETTI'S MARIA STUARDA.MORE THAN 600 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATED IN AVA'S OPERA OUTREACH EDUCATIONAL PROGRAM. IN THE FALL OF 2019, STUDENTS WERE INTRODUCED TO OPERA AND TO THE AVA RESIDENT ARTISTS AS THEY ATTENDED THE LIVE PERFORMANCE OF MOZART'S LE NOZZE DI FIGARO. 3065809 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 69 0 37 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA NJ X X THE ORGANIZATION 2157351685 1920 SPRUCE STREEET PHILADELPHIA PA 19103 DR ROMEO ABELLA DIRECTOR 2.00 X 0 0 0 KENNETH E AHL ESQ 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 JOHN D ROLLINS 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 HAROLD F PITCAIRN II CHAIRMAN 2.00 X X 0 0 0 SUSAN E KANE VICE CHAIRMAN & TREASURER 2.00 X X 0 0 0 MARTHA R HURT ESQ VICE CHAIRMAN & SECRETARY 2.00 X X 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 40.00 X 156667 0 45663 SUSAN L MOCK CFO 40.00 X 131667 0 20012 SCOTT GUZIELEK VP AND GENERAL MANAGER 40.00 X 70000 0 7264 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 29161 BRYAN J HYMEL VP, GLOBAL/ARTISTIC OUTREACH 40.00 X 112800 0 0 621134 0 102100 4 0 1 0 0 278585 40745 2174701 211300 2494031 PERFORMANCE AND FEES 711110 237766 237766 HCW THEATER RENTALS 531190 3380 3380 241146 1400469 1400469 3355465 2761231 594234 594234 594234 119393 278585 115381 4012 4012 PROGRAM ADVERTISEMENTS 541800 1000 1000 MISCELLANEOUS 900099 253 253 1253 4735145 241146 1000 1998968 264510 264510 516207 206593 309614 1421606 1053048 91167 277391 43989 28745 3958 11286 145338 125296 5860 14182 142149 92028 28443 21678 33863 33863 212479 168508 43971 124559 124559 28927 28927 88666 46584 15912 26170 76237 76237 30083 30083 120723 115927 4796 274084 274084 45536 38189 7347 ORCHESTRA 211677 211677 OTHER PRODUCTION EXP. 192403 192403 OTHER FUNDRAISING EXP. 33418 33418 FRIENDS OF AVA 13974 13974 35419 33447 1972 4055847 3065809 605913 384125 145162 412398 101517 117897 100633 277000 2148 2304 13422 79948 8892887 4184562 4955411 4708325 29364083 29217061 8053157 8040285 42735533 42855218 50088 28078 38534 19776 3216464 3052014 388000 73366 58536 3378452 3546404 X 15762917 15366228 23594164 23942586 39357081 39308814 42735533 42855218 X 679298 -714693 -12872 X 0 1 X 1 0 X 4007806 1981643 1956350 2403808 2494031 12843638 4007806 1981643 1956350 2403808 2494031 12843638 1460021 11383617 1414391 1374992 1446905 1428687 1400469 7065444 4012 4012 9414 362 1536 1135 253 12700 19925794 1482456 0.57130 0.57550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 9,414. 2016 AMOUNT: $ 362. 2017 AMOUNT: $ 1,536. 2018 AMOUNT: $ 1,135. 2019 AMOUNT: $ 253. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29364083 204456 1247978 262000 1337456 29217061 28911301 236029 1820582 278975 1324854 29364083 27689733 378036 2269932 258900 1167500 28911301 23725630 2082347 3189543 248050 1059737 27689733 24345484 643983 95703 246100 1113500 23725630 0.46820 0.53180 0.00000 0 0 448000 448000 7307722 3309831 3997891 14679 3914 10765 912985 696811 216174 209501 174006 35495 4708325 BENEFICIAL INTEREST IN TRUSTS 8040285 8040285 CAPITAL LEASE OBLIGATIONS 55366 GIFT ANNUITY CONTRACT PAYABLE 3170 58536 X 4089098 -714693 -12872 -727565 4816663 33863 -115381 -81518 4735145 4137365 115381 115381 4021984 33863 33863 4055847 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 -12,872. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -115,381. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 115,381. 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 GRANTS FROM QUASI-GOVERNMENTAL ORGANIZATIONS, THE PENNSYLVANIA COUNCIL ON THE ARTS AND THE PHILADELPHIA CULTURAL FUND. THE TOTAL OF THESE GRANTS FOR THE FISCAL YEAR WAS $40,745. GALA 279078 195355 83723 20805 OPENING NIGHT 58325 40828 17497 27838 3 60575 42402 18173 66738 397978 278585 119393 115381 115381 4012 1 STUDENT FELLOWSHIP AWARDS 26 262000 0 STUDENT GRANTS 3 2510 0 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. 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 156667 0 0 0 0 0 7833 0 37830 0 202330 0 0 0 SUSAN L MOCK CFO 131667 0 0 0 0 0 6583 0 13429 0 151679 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 21661 0 179161 0 0 0 X 15 211300 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 OUR FORM 990 ON OUR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AVA MAKES OUR GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST AND PUBLISHES OUR FINANCIAL STATEMENTS ON OUR WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTERESTS IN TRUSTS -12,872.