2020-08-07T11:10:14-05:00 2019-09-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2018-10-01 850131810 THE SANTA FE OPERA SANT 5059865955 PO BOX 2408 SANTA FE NM 87504 HEATHER KEMP CHIEF FINANCIAL OFFICER 5059865955 2020-08-03 1 PAMELA ALEXANDERSON P01218925 5058787200 2020-08-03 216.158.248.238 2020-08-03 11:59:55 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B55F3079AAF5033C2820F37AAB7B0C57BE7E3096 2018 2020-09-23 17:36:50Z SUSAN G MARINEAU PO BOX 2408 SANTA FE NM 87504 35381308 0 X HTTPS://WWW.SANTAFEOPERA.ORG/ X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 45 45 660 1469 624989 187923 13615475 16598307 11568148 11240195 1628196 1749012 1353210 965055 28165029 30552569 0 0 0 0 12042846 11765592 0 0 2427460 14444574 13947618 26487420 25713210 1677609 4839359 121385581 126747815 2484129 2973171 118901452 123774644 X TO FURTHER THE OPERATIC ART FORM BY PRESENTING ENSEMBLE PERFORMANCES OF THE HIGHEST QUALITY IN A VARIED REPERTOIRE OF NEW AS WELL AS RARELY PERFORMED AND STANDARD WORKS, TO ENSURE EXCELLENCE OF OPERA'S FUTURE THROUGH ITS APPRENTICE PROGRAMS FOR ARTISTS, TECHNICIANS AND ARTS ADMINISTRATORS, AND TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION FOR OPERA IN THE COMMUNITY BY OUTREACH TO A DIVERSE PUBLIC. 0 0 17707733 10722923 ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. IN THE 2019 FESTIVAL SEASON, THERE WERE 38 PERFORMANCES OF 5 OPERAS: LA BOHEME BY GIACOMO PUCCINI, THE PEARL FISHERS BY GEORGES BIZET, COSI FAN TUTTE BY WOLFGANG AMADEUS MOZART, JENUFA BY LEOS JANACEK, AND THE WORLD PREMIERE OF THE THIRTEENTH CHILD BY POUL RUDERS. 2 PERFORMANCES OF APPRENTICE SCENES SHOWCASED MEMBERS OF THE COMPANY'S APPRENTICE PROGRAM FOR SINGERS AND TECHNICIANS. THE TOTAL AUDIENCE WAS 74,043. THE OPERA'S FAMED APPRENTICE PROGRAM OF SINGERS, ONE OF THE NATION'S MOST DISTINGUISHED TRAINING PROGRAMS, ALLOWS 42 ASPIRING YOUNG SINGERS, CHOSEN FROM SOME 800 APPLICANTS, TO DEVELOP THEIR SKILLS BY WORKING WITH PRINCIPAL ARTISTS, MUSIC TEACHERS, AND COACHES. THE APPRENTICE PROGRAM FOR TECHNICIANS PROVIDES EXPERIENCE AND TRAINING FOR SOME 120 YOUNG PEOPLE IN THE ART OF STAGECRAFT. 1562201 587590 VIA THE SANTA FE OPERA'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS, DIVERSE AND FREE OFFERINGS ARE AVAILABLE TO YOUTH, ADULTS, AND FAMILIES. IN 2019, 51,568 INDIVIDUALS WERE SERVED, 35,793 ADULTS AND 15,775 YOUTHS. PROGRAMS INCLUDE THE FOLLOWING: THE PUEBLO OPERA PROGRAM BRINGS STUDENTS, ELDERS, AND CHAPERONES TO A FINAL DRESS REHEARSAL. BEGUN IN 1973, 19 PUEBLOS AND 3 RESERVATIONS ATTEND THESE FULLY STAGED PRODUCTIONS. PARTICIPANTS IN THE YOUTH NIGHT PROGRAM ALSO ATTEND A FINAL DRESS REHEARSAL. STUDENTS IN ELEMENTARY AND MIDDLE SCHOOL WHO PARTICIPATE IN THE ACTIVE LEARNING THROUGH OPERA PROGRAM WORK WITH ARTISTS-INRESIDENCE TO EXPLORE LEARNING THROUGH THE PERFORMING ARTS, OFTEN WRITING, PRODUCING, AND PERFORMING THEIR OWN OPERAS BOTH IN-SCHOOL AND AFTER SCHOOL ALONGSIDE TEACHERS RECEIVING PROFESSIONAL DEVELOPMENT IN ARTS INTEGRATION. THE SPRING TOUR IS AN INTRODUCTION TO OPERA VIA PERFORMANCES IN SCHOOLS AND COMMUNITIES THROUGHOUT NEW MEXICO. BACKSTAGE TOURS IN THE OPERA'S THEATER ARE OFFERED DURING THE WEEK THROUGHOUT THE SUMMER FESTIVAL SEASON. COMMUNITY CONCERTS FEATURE APPRENTICE SINGERS DURING THE SUMMER AND WINTER HOLIDAY SEASON IN A VARIETY OF VENUES. OPERA MAKES SENSE IS A CURATED INTRODUCTION FOR THREE- TO FIVE-YEAR-OLDS EXPLORING MUSIC THROUGH THEIR SENSES. ADULT EDUCATION OFFERS A VARIETY OF PRESENTATIONS, SYMPOSIA, SEMINARS AND COLLABORATIVE PROGRAMS FOR BOTH THE OPERA AFICIONADO AND NOVICE THROUGHOUT THE YEAR, INCLUDING EVENTS IN AN INTENSIVE, WEEK-LONG FORMAT AND PRESENTATIONS PRIOR TO EACH EVENING'S OPERA. 19269934 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 415 0 1 660 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 45 45 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM NY X X THE ORGANIZATION 5059865955 301 OPERA DRIVE SANTA FE NM 87506 SUSAN MARINEAU PRESIDENT 5.00 X X 0 0 0 JOSEPH BRYAN JR FIRST VICE PRESIDENT 5.00 X X 0 0 0 PETER FRANK VICE PRESIDENT 5.00 X X 0 0 0 ROBERTA COOPER RAMO VICE PRESIDENT 5.00 X X 0 0 0 SARAH BILLINGHURST SOLOMON VICE PRESIDENT 5.00 X X 0 0 0 DANNEHL TWOMEY VICE PRESIDENT 5.00 X X 0 0 0 T PETER TOWNSEND TREASURER (THROUGH AUG 9, 2019) 5.00 X X 0 0 0 LYNN LOACKER TREASURER (AS OF AUG 10, 2019) 5.00 X X 0 0 0 ROBERT VLADEM SECRETARY 5.00 X X 0 0 0 SUSAN MORRIS CHAIRMAN 5.00 X X 0 0 0 FREDERICK HAAS VICE CHAIRMAN 5.00 X X 0 0 0 DR JENNE BRITTELL DIRECTOR 1.00 X 0 0 0 J BRUCE BUGG JR DIRECTOR 1.00 X 0 0 0 ERIN BUNKLEY DIRECTOR 1.00 X 0 0 0 SUSAN ESCO CHANDLER DIRECTOR 1.00 X 0 0 0 BRUCE CHEMEL DIRECTOR 1.00 X 0 0 0 RICHARD DAVIS DIRECTOR 1.00 X 0 0 0 NANCIE DOMINIC DIRECTOR 1.00 X 0 0 0 KRISTINA FLANAGAN DIRECTOR 1.00 X 0 0 0 A CHARLES FORTE DIRECTOR 1.00 X 0 0 0 JOSEPHINE GILMORE-KIRCHNER DIRECTOR (THROUGH MAY 2019) 1.00 X 0 0 0 CHESTER GOUGIS DIRECTOR 1.00 X 0 0 0 ANN SHILLING HARRISON DIRECTOR 1.00 X 0 0 0 DAVID INGALLS DIRECTOR 1.00 X 0 0 0 DAVID HENRY JACOBS DIRECTOR 1.00 X 0 0 0 PHILLIP JELLEY DIRECTOR 1.00 X 0 0 0 DONNA KENDALL DIRECTOR 1.00 X 0 0 0 DR WALTER KIRCHNER DIRECTOR 1.00 X 0 0 0 MARYON DAVIES LEWIS DIRECTOR (THROUGH AUG 2019) 1.00 X 0 0 0 MIRANDA LIND DIRECTOR 1.00 X 0 0 0 DR JAMES LOWRY DIRECTOR 1.00 X 0 0 0 NEDRA MATTEUCCI DIRECTOR (THROUGH AUG 2019) 1.00 X 0 0 0 DAVID ELLIS MCNEEL DIRECTOR 1.00 X 0 0 0 CHARLES MOORE DIRECTOR 1.00 X 0 0 0 DR ESTEVAN RAEL-GALVEZ DIRECTOR 1.00 X 0 0 0 CAREY RAMOS DIRECTOR 1.00 X 0 0 0 DR EUGENE STARK JR DIRECTOR 1.00 X 0 0 0 IRWIN SUGARMAN DIRECTOR 1.00 X 0 0 0 ROBERT TURNER DIRECTOR 1.00 X 0 0 0 VERONICA WATSON DIRECTOR 1.00 X 0 0 0 ROBERT WEISS DIRECTOR (THROUGH NOV 2018) 1.00 X 0 0 0 DR ROBERT ZONE DIRECTOR 1.00 X 0 0 0 AMBASSADOR DAVID GIRARD-DICARLO DIRECTOR 1.00 X 0 0 0 DAVID ERTEL DIRECTOR 1.00 X 0 0 0 DR BETH MOISE DIRECTOR 1.00 X 0 0 0 EIVIND DJUPEDAL DIRECTOR 1.00 X 0 0 0 JAMES SEITZ JR DIRECTOR 1.00 X 0 0 0 JOHN HAUPERT DIRECTOR 1.00 X 0 0 0 CYNTHIA MCCREARY DIRECTOR 1.00 X 0 0 0 ROBERT MEYA GENERAL DIRECTOR 40.00 X 270500 0 36895 HEATHER KEMP CHIEF FINANCIAL OFFICER 40.00 X 173099 0 16286 BRADLEY WOOLBRIGHT DIRECTOR OF ARTISTIC ADMINISTRATION 40.00 X 188279 0 16875 PAUL HORPEDAHL PRODUCTION & FACILITIES DIRECTOR 40.00 X 200468 0 25639 MICHAEL GARY DIRECTOR OF INSTITUTIONAL GIVING 40.00 X 133982 0 14514 THOMAS MORRIS DIRECTOR OF MARKETING & OPERATIONS 40.00 X 131182 0 24422 HARRY BICKET CHIEF CONDUCTOR 15.00 X 227692 0 0 CHARLES MACKAY PAST GENERAL DIRECTOR 40.00 X 625883 0 36467 1951085 0 171098 8 1 1 0 SIERRA PEAKS 8436 WASHINGTON PLACE NE ALBUQUERQUE NM 87113 ENGINEERING/DESIGN 995353 BON APPETIT 1600 ST MICHAELS DRIVE SANTA FE NM 87505 CATERING 416014 MOUNTAIN CREST CONSTRUCTION 616 SUNNY MEADOWS DRIVE NE RIO RANCHO NM 87144 CONSTRUCTION 242359 HOTEL SANTA FE 1501 PASEO DE PERALTA SANTA FE NM 87501 CATERING/HOTEL 185346 CPC NEUTEK 2800 PRINTERS WAY GRAND JUNCTION CO 81506 PRINTING 184605 8 477495 115896 16004916 1032416 16598307 PERFORMANCE ADMISSIONS 711110 9397253 9397253 AUXILIARY OPERATIONS 711110 1842942 1665609 177333 11240195 1541872 -2 1541874 640854 13216 453377 773 187477 12443 199920 199920 3996671 64357 3836081 17807 160590 46550 207140 207140 212574 477495 175196 37378 37378 420564 345505 75059 80402 -5343 ADVERTISING REVENUE 511120 296704 296704 SPONSORSHIP REVENUE 611710 156297 156297 199697 167249 32448 652698 30552569 11310513 624989 2018760 X 991968 531352 327130 133486 8720269 6580130 1095264 1044875 252454 177148 36319 38987 1055205 682574 213132 159499 745696 554255 103591 87850 35226 35226 48708 48708 14097 14097 83319 83319 3928798 3653913 216606 58279 398357 383948 772 13637 886606 599004 133474 154128 275295 97079 123535 54681 183526 183526 724384 599761 105636 18987 2162954 2031233 46110 85611 9051 9051 30867 18898 8116 3853 19381 19381 2445507 1482965 959253 3289 264338 92018 172320 CULTIVATION, MEALS, AND 925609 356767 63192 505650 SETS, PROPS, AND COSTUM 849738 849343 395 MISCELLANEOUS EXPENSE 431426 236701 184479 10246 COMPLIMENTARY TICKETS 230431 159319 16710 54402 25713210 19269934 4015816 2427460 3679439 4020819 7597577 10683878 455691 656336 75171 107937 952654 1229907 85529875 32768501 53181121 52761374 54637961 56529113 333567 286052 472400 472399 121385581 126747815 943439 1015921 1297916 1012435 63589 761730 179185 183085 2484129 2973171 X 61116276 60236873 11462022 15303710 46323154 48234061 118901452 123774644 121385581 126747815 X 4839359 -244492 278325 X 0 1 X 1 0 X 11642922 13316509 10272466 13615475 16598307 65445679 11642922 13316509 10272466 13615475 16598307 65445679 10015714 55429965 1424320 1735172 1732297 2100539 2195944 9188272 119113 75580 103252 188923 486868 75120819 55990317 0.73790 0.69580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 23148 23148 25690062 25713210 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 40573 38216 24966 23148 126903 250000 250000 250000 250000 1000000 1500000 FORM 990; SCHEDULE C, PART II-A, LINE 1 THE OPERA HOSTED LEGISLATORS AT A BUFFET DINNER PRIOR TO A DRESS REHEARSAL OF LA BOHEME. THE LEGISLATORS ALSO ATTENDED THE DRESS REHEARSAL. THE PURPOSE OF THE EVENT WAS TO INTRODUCE LEGISLATORS TO THE OPERA AND ITS MISSION AND PROGRAMS. LEGISLATORS ARE ALSO INVITED TO COMMUNITY ENGAGEMENT PROGRAMS, SUCH AS CONCERTS AND THE SPRING OPERA TOUR, HELD IN THEIR RESPECTIVE DISTRICTS. THE OPERA RETAINED A LOBBYIST TO CONSULT ON LEGISLATIVE MATTERS OF CONCERN TO THE OPERA. 2500 X DECORATIVE ITEMS 61352828 3348321 1310168 2910984 63100333 54922665 5970157 3281489 2821483 61352828 51985757 -139001 5519458 2443549 54922665 47973223 3023196 3862922 2873584 51985757 53178362 251227 -3321283 2135083 47973223 0.09500 0.74900 0.15600 0 0 5348930 5348930 70870900 27188126 43682774 9310045 5580375 3729670 52761374 ANNUITIES PAYABLE 183085 183085 X 31331827 -244492 29862 1077207 862577 30469250 83319 83319 30552569 26458635 29862 798882 828744 25629891 83319 83319 25713210 PART III, LINE 4: THE ORGANIZATION'S MISSION INVOLVES OPERATIC ART, AND DONATED ARTWORK IS DISPLAYED IN VARIOUS BUILDINGS TO PROMOTE THIS MISSION. PART V, LINE 4: TO PRODUCE A RELATIVELY PREDICTABLE AND STABLE INCOME STREAM TO GROW AND TO SUPPORT PRESENT AND FUTURE PROGRAMS. PART X, LINE 2: THE OPERA HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE OPERA RECOGNIZES THE TAX (BENEFIT) EXPENSE FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX (BENEFIT) EXPENSE IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE OPERA HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2019 OR 2018. THE OPERA FILES AN EXEMPT ORGANIZATION RETURN WITH THE INTERNAL REVENUE SERVICE (IRS). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. THE OPERA HAD MINIMAL TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2019 AND 2018. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 278,325. RENTAL EXPENSE 453,377. COST OF GOODS SOLD INVENTORY 345,505. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 453,377. COST OF GOODS SOLD INVENTORY 345,505. SUMMER GALA 330069 288569 41500 28886 16657 WINTER GALA 90025 72525 17500 13100 6661 2 269975 116401 153574 109245 647 690069 477495 212574 151231 23965 175196 37378 X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 ROBERT MEYA GENERAL DIRECTOR 265500 0 5000 0 0 0 9250 0 27645 0 307395 0 0 0 HEATHER KEMP CHIEF FINANCIAL OFFICER 168099 0 5000 0 0 0 6752 0 9534 0 189385 0 0 0 BRADLEY WOOLBRIGHT DIRECTOR OF ARTISTIC ADMINISTRATION 183279 0 5000 0 0 0 7341 0 9534 0 205154 0 0 0 PAUL HORPEDAHL PRODUCTION & FACILITIES DIRECTOR 195468 0 5000 0 0 0 7527 0 18112 0 226107 0 0 0 THOMAS MORRIS DIRECTOR OF MARKETING & OPERATIONS 126182 0 5000 0 0 0 5356 0 19066 0 155604 0 0 0 HARRY BICKET CHIEF CONDUCTOR 227692 0 0 0 0 0 0 0 0 0 227692 0 0 0 CHARLES MACKAY PAST GENERAL DIRECTOR 306797 0 100000 0 219086 0 29500 0 6967 0 662350 0 122830 0 PART I, LINE 1A THE SANTA FE OPERA OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE OPERA'S FACILITIES. THE CLOSE PROXIMITY OF THE RESIDENCE AND THE GENERAL DIRECTOR'S LIVING THEREIN HAVE IMPORTANT BENEFITS FOR THE OPERA. THE GENERAL DIRECTOR IS THEREBY AVAILABLE ON SHORT NOTICE FOR IMPORTANT BUSINESS ON THE OPERA GROUNDS AS WELL AS IS ABLE TO ENTERTAIN AND MEET WITH THE OPERA'S GUESTS, ARTISTIC PARTNERS AND STAFF. THE GENERAL DIRECTOR, AS A CONDITION OF EMPLOYMENT, IS REQUIRED BY THE OPERA TO RESIDE IN THE GENERAL DIRECTOR'S RESIDENCE. THE SANTA FE OPERA REPORTS TO THE INTERNAL REVENUE SERVICE AS COMPENSATION TO THE GENERAL DIRECTOR ADDITIONAL TAXABLE INCOME FOR THE FAIR MARKET RENTAL VALUE AND UTILITY COSTS OF THE PREMISES. THE OPERA HAS AGREED TO REIMBURSE THE GENERAL DIRECTOR FOR ANY OUT-OF-POCKET COSTS INCURRED DURING THE USE OF THE GENERAL DIRECTOR'S RESIDENCE FOR OPERA BUSINESS. DETAILED RECORDS ARE REQUIRED TO BE MAINTAINED OF THE OPERA'S OFFICIAL USE OF THE RESIDENCE AND SUBMITTED TO THE PRESIDENT AND THE DIRECTOR OF FINANCE AND ACCOUNTING. THE TAX INDEMNIFICATION AND GROSS UP PAYMENTS REPRESENT THE TAX PAID BY THE OPERA, AND INCLUDED IN CHARLES MACKAY'S W-2, TO COVER THE TAX ON THE HOUSING ALLOWANCE. PART I, LINE 4B THE FORMER GENERAL DIRECTOR FULLY VESTED IN HIS 457(B) DEFERRED COMPENSATION PLAN DURING CALENDAR 2018. HE RECEIVED A PAYMENT OF $141,330. PART I, LINE 7 BONUSES WERE AWARDED FOR MEETING ORGANIZATIONAL GOALS. X 59 925544 AVG HI & LOW PRICE/SHARE X DONATED TICKETS 515 95653 FAIR VALUE X CATERING 4 10974 FAIR VALUE X PROPS 1 125 FAIR VALUE X ELECTRONIC EQUIPMENT 1 120 FAIR VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 ALL REGULAR MEMBERS OF THE BOARD (EXCLUDING HONORARY MEMBERS, DIRECTORS EMERITUS, AND EX-OFFICIO MEMBERS WHO HAVE NO VOTING RIGHTS) HAVE THE SAME VOTING RIGHTS. IN BETWEEN QUARTERLY BOARD MEETINGS, THE EXECUTIVE COMMITTEE OF THE BOARD IS VESTED WITH THE POWER OF THE BOARD OF DIRECTORS WITH THE FOLLOWING EXCEPTIONS: THE POWER TO DISSOLVE OR MERGE THE OPERA WITH ANOTHER ORGANIZATION, THE POWER TO CHANGE THE NAME OF THE OPERA, THE POWER TO CHANGE THE BYLAWS OF THE OPERA, THE POWER TO DELEGATE ITS AUTHORITY, THE POWER TO REMOVE THE GENERAL DIRECTOR OR ANY OTHER DIRECTOR, AND THE POWER TO SELL REAL PROPERTY VALUED OVER $2.5 MILLION. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP - WALTER KIRCHNER AND JOSEPHINE GILMORE- KIRCHNER (PASSED AWAY MAY 2019) FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS OF THE SANTA FE OPERA HAS ADOPTED A RESOLUTION APPROVING A PROCESS BY WHICH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FULL VERSION OF FORM 990, INCLUDING ALL SCHEDULES AS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. AFTER REVIEW AND ANY MODIFICATION BY THE AUDIT COMMITTEE, THE DRAFT PUBLIC DISCLOSURE VERSION OF FORM 990, EXCLUDING SCHEDULE B (SCHEDULE OF CONTRIBUTORS), IS POSTED TO THE PORTAL AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS. SCHEDULE B OF FORM 990 IS NOT REVIEWED BY THE FULL BOARD DUE TO THE CONFIDENTIAL AND PRIVATE NATURE OF ITS DONOR LIST. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS OF THE SANTA FE OPERA ARE ASKED EACH YEAR TO SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND TO SUBMIT THESE SIGNED STATEMENTS TO THE SECRETARY OF THE BOARD OF DIRECTORS. BY SIGNING THE ANNUAL DISCLOSURE STATEMENTS, EACH DIRECTOR UNDERTAKES TO NOTIFY THE PRESIDENT OF THE OPERA OF ANY MATERIAL CHANGES THAT MIGHT RESULT IN A CONFLICT OF INTEREST. THE PRESIDENT REVIEWS THE SIGNED DISCLOSURE STATEMENTS FOR CONFLICTS AND, WITH THE ASSISTANCE OF COMMITTEE CHAIRS, MONITORS COMPLIANCE WITH THE POLICY AT MEETINGS OF THE BOARD AND COMMITTEES CONSIDERING TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. THE SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPLIANCE WITH THIS POLICY IS MONITORED BY THE AUDIT COMMITTEE. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. THERE HAVE BEEN NO INCIDENCES OF CONFLICT DURING THE REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPOSED OF THE PRESIDENT, CHAIRMAN, TREASURER, AND TWO ADDITIONAL BOARD MEMBERS APPOINTED BY THE PRESIDENT, ALL OF WHOM ARE UNRELATED TO THE GENERAL DIRECTOR, REVIEWS AND APPROVES COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE GENERAL DIRECTOR. IN CONSIDERING APPROPRIATE COMPENSATION FOR THIS POSITION, THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR COMPARABLE POSITIONS AT SIMILAR OPERA COMPANIES. THE COMPENSATION COMMITTEE ALSO CONDUCTS ANNUAL REVIEWS OF THE PERFORMANCE OF THE GENERAL DIRECTOR. MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE RECORDED AND MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPENSATION FOR THE DIRECTOR OF ACCOUNTING AND FINANCE IS DETERMINED BY THE GENERAL DIRECTOR. THE GENERAL DIRECTOR TAKES JOB PERFORMANCE AND SALARY DATA FOR COMPARABLE POSITIONS AT OTHER OPERA COMPANIES INTO ACCOUNT WHEN SETTING THE ANNUAL SALARY FOR THE DIRECTOR OF ACCOUNTING AND FINANCE. THE COMPENSATION COMMITTEE REVIEWS THE SALARIES FOR ALL SENIOR EMPLOYEES, COMPARING THE SALARIES TO COMPENSATION FOR SIMILAR POSITIONS AT OTHER OPERA COMPANIES. THIS PROCESS WAS LAST COMPLETED IN AUGUST 2019. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICES OF THE SANTA FE OPERA. THEY ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC WHO MAKE WRITTEN REQUESTS FOR THE INFORMATION. FORM 990, PART IX, LINE 11G ARTIST FEES: PROGRAM SERVICE EXPENSES 1,639,810. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,639,810. TEACHING/TEACHING ARTIST FEES: PROGRAM SERVICE EXPENSES 282,584. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 282,584. OTHER CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,731,519. MANAGEMENT AND GENERAL EXPENSES 216,606. FUNDRAISING EXPENSES 58,279. TOTAL EXPENSES 2,006,404. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 278,325. FORM 990, PART VII, LINE 1 DUE TO THE FISCAL YEAR END OF THE ORGANIZATION, THERE IS A LAPSE IN REPORTING COMPENSATION FOR CHARLES MACKAY. PART VII REPORTS HIS 2018 CALENDAR YEAR COMPENSATION FOR HIS TIME AND SERVICES AS GENERAL DIRECTOR THROUGH HIS RETIREMENT DURING THE PRIOR FISCAL YEAR ENDING ON 9/30/18. SIMULTEXT SYSTEMS LLC PO BOX 2408 SANTA FE NM 87504 LICENSING OF IP NM 0 0 THE SANTA FE OPERA