2020-03-17T13:50:59-05:00 2019-05-31 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2018-06-01 231504706 OPERA PHILADELPHIA OPER 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 JEREMIAH MARKS CHIEF FINANCIAL OFFICER 2158933600 2020-03-17 1 EDWARD W DORAN CPA P00841330 6106684200 76.124.226.75 2020-03-17 09:37:47 ED P BCEEDC9864ADD82CD4171EA42DEED5049148C4FE B087CCC802B931FFCA379C0C69ACA30A3D2CE9A8 2018 2020-09-23 17:36:50Z DAVID B DEVAN 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 14861196 0 X WWW.OPERAPHILA.ORG X 1975 PA OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY. 25 25 456 103 0 0 13923551 11784207 3809172 2958406 21091 16545 -68173 72523 17685641 14831681 0 0 0 0 7268014 6299822 0 0 1358183 10414410 9140955 17682424 15440777 3217 -609096 10318421 10007372 5623960 5704307 4694461 4303065 X TO BE PHILADELPHIA'S PROFESSIONAL PRODUCER OF QUALITY GRAND OPERA, PRODUCING A DIVERSE RANGE OF REPERTOIRE FEATURING INTERNATIONAL ARTISTS ALONGSIDE RISING YOUNG SINGERS, AND TO PRODUCE EDUCATIONAL PROGRAMS WHICH NURTURE THE FUTURE AND RELEVANCE OF THE ART FORM. 0 0 10678996 2958406 DURING THIS FISCAL YEAR, OPERA PHILADELPHIA PRODUCED 30 FULLY-STAGED PERFORMANCES OF 7 OPERAS - 5 OF WHICH WERE PRODUCED CONCURENTLY DURING A FESTIVAL IN 2018 - FOR APPROXIMATELY 25,000 ATTENDEES. THE COMPANY ALSO HELD THE ANNUAL FREE-TO-THE-PUBLIC EVENT OPERA ON THE MALL, A BROADCAST PERFORMANCE OF "WE SHALL NOT BE MOVED" AT INDEPENDENCE NATIONAL HISTORICAL PARK. REGISTRATION FOR THE EVENT TOTALED 11,389 AND THE EVENT ATTRACTED NEW AUDIENCES, WITH 80 PERCENT OF ATTENDEE HOUSEHOLDS HAVING NEVER PURCHASED A TICKET TO OPERA PHILADELPHIA PROGRAMMING. 462406 EDUCATION AND OUTREACH EFFORTS: SOUNDS OF LEARNING, AN ART-INTEGRATION PROGRAM, USES OPERA TO ENHANCE THE CORE CURRICULUM, FOCUSING ON TITLE 1 SCHOOLS. IN FY18, THE PROGRAM REACHED 3,486 STUDENTS AND TEACHERS THROUGH DRESS REHEARSAL ATTENDANCE AND CLASSROOM PROGRAMMING. THE OPERA OFFERED A 10-WEEK RESIDENCY PROGRAM AT FOUR PHILADELPHIA SCHOOLS, WHICH REACHED 1,034 STUDENTS. T-VOCE, THE COMPANY'S CITY-WIDE YOUTH CHOIR FOR STUDENTS WITH LITTLE ACCESS TO THE ARTS, HAD 25 PARTICIPANTS. THE COMPANY'S WORKFORCE READINESS INITIATIVE REACHED 170 STUDENTS THROUGH HANDS-ON WORKSHOPS AND A CAREER DAY IN THE ACADEMY OF MUSIC. IN FY19 OPERA PHILADELPHIA OFFERED OPERA ON TRIAL, A NEW PROGRAM WHICH USES OPERA TO TEACH STUDENTS ABOUT THE LEGAL SYSTEM, CULMINATING IN A STUDENT-RUN MOCK TRIAL. THIS PROGRAM REACHED 72 STUDENTS. OPERA PHILADELPHIA OFFERED SEVERAL COMMUNITY CONCERTS, SOME IN CONJUNCTION WITH T-VOCE, WHICH WERE ATTENDED BY 4,106 PEOPLE. OPERA PHILADELPHIA ALSO OFFERED LECTURES BEFORE PERFORMANCES AND THROUGHOUT THE COMMUNITY WHICH REACHED 4,497. 117354 COMPOSER-IN-RESIDENCE PROGRAM: THE PREMIERE OF "SKY ON SWINGS" BY FORMER COMPOSER-IN-RESIDENCE LEMBIT BEECHER WAS PRESENTED AS PART OF FESTIVAL O18 AND WAS NOMINATED FOR BEST WORLD PREMIERE AT THE 2019 INTERNATIONAL OPERA AWARDS. COMPOSER-IN-RESIDENCE RENE ORTH'S "EMPTY THE HOUSE" WAS PERFORMED BY CURTIS OPERA THEATRE IN MAY 2019. 11258756 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 209 0 1 456 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA NJ NY FL X JEREMIAH MARKS 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 191024204 SANDRA K BALDINO DIRECTOR 3.00 X 0 0 0 WILLO CAREY DIRECTOR 3.00 X 0 0 0 KATHERINE CHRISTIANO DIRECTOR 3.00 X 0 0 0 DON COONEY DIRECTOR 3.00 X 0 0 0 ADY DJERASSI MD DIRECTOR 3.00 X 0 0 0 CAROL EICHER DIRECTOR 3.00 X 0 0 0 MIKAEL ELIASEN DIRECTOR 3.00 X 0 0 0 ALLEN FREEDMAN DIRECTOR 3.00 X 0 0 0 CHARLES C FREYER VICE CHAIR 3.00 X X 0 0 0 ALEXANDER HANKIN DIRECTOR 3.00 X 0 0 0 FREDERICK P HUFF VICE CHAIR 3.00 X X 0 0 0 CAROLINE KENNEDY VICE CHAIR 3.00 X X 0 0 0 BEVERLY LANGE DIRECTOR 3.00 X 0 0 0 PETER LEONE CHAIRMAN 3.00 X X 0 0 0 THOMAS MAHONEY TREASURER 3.00 X X 0 0 0 SARAH MARSHALL DIRECTOR 3.00 X 0 0 0 DANIEL K MEYER DIRECTOR 3.00 X 0 0 0 AGNES MULRONEY DIRECTOR 3.00 X 0 0 0 CAROLYN SEIDLE DIRECTOR 3.00 X 0 0 0 JONATHAN H SPROGELL DIRECTOR 3.00 X 0 0 0 EUGENE STARK SECRETARY 3.00 X 0 0 0 BARBARA TEICHERT DIRECTOR 3.00 X 0 0 0 MARIA TRAFTON DIRECTOR 3.00 X 0 0 0 DONNA WECHSLER DIRECTOR 3.00 X 0 0 0 KELLEY WOLFINGTON DIRECTOR 3.00 X 0 0 0 DAVID DEVAN GENERAL DIRECTOR/PRESIDENT 60.00 X 230209 0 28676 JEREMIAH MARKS CHIEF FINANCIAL OFFICER 60.00 X 136081 0 21211 DAVID LEVY SVP OF ARTISTIC OPERA 60.00 X 112111 0 24089 MICHAEL BOLTON VICE PRESIDENT OF COMMUNIT 60.00 X 109936 0 15312 RYAN LEWIS VP OF MARKETING 60.00 X 116424 0 13450 RACHEL MCCAUSLAND VP OF DEVELOPMENT 60.00 X 107879 0 12449 FRANK LUZI VP OF MKTG AND COMMUNICATIONS 60.00 X 104438 0 19120 917078 0 134307 7 0 1 0 PROOF PRODUCTIONS PO BOX 860 SEWELL NJ 08080 SET DESIGN 374344 CORRADO ROVARIS 604 S WASHINGTON SQ 3108 PHILADELPHIA PA 19106 CONDUCTOR 205946 ALLIED INTEGRATED MARKETING 55 CAMBRIDGE PARKWAY STE 200 CAMBRIDGE MA 02142 MARKETING 150027 TESSITURA NETWORK INC PO BOX 203410 DALLAS TX 753203410 TECHNOLOGY 134084 CRW GRAPHICS 9100 PENNSAUKEN HIGHWAY PENNSAUKEN NJ 08110 PRINTING 134029 5 55522 11728685 117237 11784207 TICKET SALES 711110 2501012 2501012 PRODUCTION PARTNERSHIP 711110 319598 319598 TICKET PROCESSING FEES 711110 92803 92803 EVENT FEES 711110 35123 35123 SET & COSTUME RENTALS 711110 9870 9870 2958406 11981 11981 34079 29515 4564 4564 4564 OTHER REVENUE - COMMUNICATIONS 711110 52860 52860 OTHER REVENUE - FINANCE 711110 17441 17441 OTHER 711110 2222 2222 72523 14831681 3030929 0 16545 419997 103637 186813 129547 4645192 3433033 475138 737021 108047 44830 45646 17571 625810 505814 23982 96014 500776 378801 53913 68062 40503 9484 31019 20000 20000 582098 221563 352970 7565 389771 20567 368332 872 50769 21937 25848 2984 198933 2340 196053 540 99127 98327 800 349928 183139 166789 713652 644598 23725 45329 6230 824 5201 205 197156 197156 228776 139867 88909 236822 88847 134599 13376 OPERA PRODUCTION COSTS 5476146 5289766 186380 PRINTING AND PUBLICATIO 232352 16303 174508 41541 FEES 211677 7840 203837 VIDEO/MEDIA PRODUCTION 67345 41246 16103 9996 39670 5993 32497 1180 15440777 11258756 2823838 1358183 72538 481906 0 0 8382141 7783189 119590 98446 561025 689442 1682987 1113958 797804 569029 193543 193815 191780 191545 10318421 10007372 3197001 1821299 1077018 1413563 100000 100000 1249941 2369445 5623960 5704307 X -314121 114980 4933600 4113103 74982 74982 4694461 4303065 10318421 10007372 -609096 -7923 225623 0 X X 0 1 X 1 0 X 4799742 17115483 5963248 13930270 11823527 53632270 2494529 2584146 2831161 3001664 2711332 13622832 7294271 19699629 8794409 16931934 14534859 67255102 2026480 2266908 2060334 4603567 3646296 14603585 0 2026480 2266908 2060334 4603567 3646296 14603585 52651517 6657 8196 14319 12371 11981 53524 6657 8196 14319 12371 11981 53524 7300928 19707825 8808728 16944305 14546840 67308626 0.78220 0.81260 0.00080 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15440777 15440777 922039 230510 0 0 813855 855051 1000000 922039 3590945 5386418 203464 213763 250000 230510 897737 1346606 193543 10189 9917 193815 187919 19356 13732 193543 174765 22636 9482 187919 179118 4733 9086 174765 171340 16332 8554 179118 0.38690 0.61310 0 0 837563 648823 188740 845424 465135 380289 569029 X 15222518 -7923 398760 390837 14831681 0 14831681 15613914 173137 173137 15440777 0 15440777 PART V, LINE 4: ENDOWMENT NET ASSETS CONSIST OF PERMANENTLY RESTRICTED CONTRIBUTIONS SUBJECT TO DONOR-IMPOSED RESTRICTIONS THAT THE PRINCIPAL BE INVESTED IN PERPETUITY, AS WELL AS RESIDUAL INCOME HELD IN TEMPORARILY RESTRICTED NET ASSETS. THE FUNDS ARE SUBJECT TO PENNSYLVANIA ACT 141 GOVERNING NONPROFIT ENDOWMENTS, UNDER WHICH THE COMPANY HAS ELECTED TO ADOPT A "TOTAL RETURN" INVESTMENT POLICY BASED ON THE VALUE OF THE FUND. THE COMPANY HAS ADOPTED AN INVESTMENT POLICY THAT ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A DIVERSIFIED ASSET MIX, WHICH INCLUDES EQUITY AND DEBT-RELATED SECURITIES THAT IS INTENDED TO RESULT IN A REASONABLE INFLATION-PROTECTED RATE OF RETURN WHILE GROWING THE FUND IF POSSIBLE. PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FASB ACCOUNTING STANDARDS (ASC) 740 ADDRESSES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES SUCH AS THE COMPANY, A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION). THE COMPANY RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE COMPANY'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. TAX YEARS 2015 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF MAY 31, 2019. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 DAVID DEVAN GENERAL DIRECTOR/PRESIDENT 230209 0 0 0 0 0 13063 0 15613 0 258885 0 0 0 JEREMIAH MARKS CHIEF FINANCIAL OFFICER 136081 0 0 0 0 0 7600 0 13611 0 157292 0 0 0 PART I, LINE 1A OPERA PHILADELPHIA PAID FOR GENERAL DIRECTOR'S MEMBERSHIP AT THE UNION LEAGUE TO FACILITATE BUSINESS MEETINGS ON OPERA PHILADELPHIA'S BEHALF. PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: DAVID DEVAN - $18,092 FRANK LUZI - $133 MICHAEL BOLTON - $84 RYAN LEWIS - $84 JEREMIAH MARKS - $84 THOMAS MAHONEY TREASURER GENERAL OPERATIONS X 100000 100000 0 1 1 100000 X 13 117237 FMV AT DATE OF GIFT 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CFO AND THE AUDIT COMMITTEE. EXCLUDING SCHEDULE B FOR CONFIDENTIALITY PURPOSES, IT IS THEN PROVIDED TO THE BOARD OF DIRECTORS VIA E-MAIL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO FILL OUT AND RETURN AN ANNUAL CONFLICT OF INTEREST FORM. THE RETURNED STATEMENTS ARE COMPILED AND REVIEWED. PERSONS WHO HAVE NOT RETURNED THE FORM ARE CONTACTED AND REQUESTED TO COMPLETE IT AGAIN. AT ANY MEETING IN WHICH THE BOARD IS TO ACT ON A TRANSACTION INVOLVING A CONFLICT OF INTEREST, ALL MATERIAL FACTS ARE DISCLOSED AND BROUGHT TO THE ATTENTION OF THE BOARD. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT HR CONSULTANT IS USED TO ESTABLISH COMPENSATION AND BENEFITS FOR THE STAFF. THE COMPENSATION COMMITTEE REVIEWS SALARIES ON AN ANNUAL, OR MORE FREQUENT BASIS. CONSULTANT REFERENCES LOCAL WAGE BENCHMARKS, PEER ORGANIZATION SALARIES AS WELL AS THE HR SURVEY ISSUED BY OPERA AMERICA. SALARIES ARE APPROVED BY THE COMMITTEE, GENERAL DIRECTOR AND CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, WHICH SHALL NOT BE UNREASONABLY WITHHELD, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR