2019-12-18T15:58:42-06:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE STE 400 PLYMOUTH MEETING PA 19462 990 2018-07-01 231352001 THE ACADEMY OF VOCAL ARTS ACAD 2157351685 1920 SPRUCE STREET PHILADELPHIA PA 19103 K JAMES MCDOWELL PRESIDENT 2157351685 2019-12-16 1 DAVE SEKERAK P01395497 2156433900 67.137.57.251 2019-12-16 15:41:11 ES P 2214F49F236FFDE6FF72B8558D9366204581BA9A 2FBEFE20CA9FBCE9975C8DD0893E71CECAC97200 2018 2020-04-17 16:48:07Z K JAMES MCDOWELL 1920 SPRUCE STREET PHILADELPHIA PA 19103 5814260 0 X WWW.AVAOPERA.ORG X 1936 PA TO DISCOVER & PREPARE PROMISING YOUNG SINGERS FOR SUCCESSFUL INTERNATIONAL CAREERS AS OPERA SOLOISTS 31 31 37 32 1250 0 1956350 2403808 315858 324029 1827039 2052751 -35740 -67558 4063507 4713030 261400 278975 0 0 1880917 2055392 0 0 411590 1778836 1895495 3921153 4229862 142354 483168 42586642 42735533 3551620 3378452 39035022 39357081 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 3128133 278975 324029 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 84TH ANNIVERSARY SEASON IN 2018-2019, THE AVA OPERA THEATRE SUCCESSFULLY PRODUCED FOUR FULLY-STAGED OPERA PRODUCTIONS: A DOUBLE BILL OF TWO PUCCINI ONE-ACT OPERAS: LE VILLI AND SUOR ANGELICA, DWORAK'S RUSALKA, MOZART'S COSI FAN TUTTE, AND GOUNOD'S ROMEO ET JULIETTE, AS WELL AS JUBILATE, A CONCERT OF ORATORIO MASTERPIECES, AND SEVERAL VOCAL RECITALS IN A SEASON THAT DREW OVER 10,000 PATRONS TO ITS PERFORMANCES IN FIVE DIFFERENT VENUES IN GREATER PHILADELPHIA. RECENT GRADUATES CONTINUE TO STAR IN PRODUCTIONS AT MAJOR INTERNATIONAL OPERA COMPANIES, INCLUDING THE FOLLOWING METROPOLITAN OPERA PRODUCTIONS: AILYN PREZ IN FALSTAFF, LA BOHME AND ROMEO ET JULIETTE, MICHAEL FABIANO IN BOITO'S MEFISTOFELE AND LA BOHEME, BRYAN HYMEL IN ROMEO ET JULIETTE, JAMES MORRIS IN OTELLO, ANGELA MEADE IN MEFISTOFELE, AND JOYCE DIDONATO IN LA CLEMENZA DI TITO, SYDNEY MANCASOLA IN MAGIC FLUTE AND CARMEN, AND SCOTT CONNER IN GIANNI SCHICCHI. MORE THAN 1,200 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATED IN AVA'S OPERA OUTREACH EDUCATIONAL PROGRAM, RECEIVING WORKSHOPS INTRODUCING OPERA AND THE AVA RESIDENT ARTISTS, INCLUDING ATTENDANCE AT TWO OPERAS: LE VILLI AND ROMEO ET JULIETTE. 3128133 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 76 0 37 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 31 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 STREET 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 JOAN DEJEAN 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 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 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 151667 0 47296 SUSAN L MOCK CFO 40.00 X 125312 0 19156 CHRISTOFER MACATSORIS MUSIC DIRECTOR 40.00 X 150000 0 28750 ROBERT W LYON DIR. OF INSTITUTIONAL ADVANCEMENT 40.00 X 104333 0 6279 531312 0 101481 4 0 1 0 0 393244 40323 1970241 199027 2403808 PERFORMANCE AND FEES 711110 319829 319829 HCW THEATER RENTALS 531190 4200 4200 324029 1428687 1428687 1486818 862754 624064 624064 624064 168533 393244 238476 -69943 -69943 PROGRAM ADVERTISEMENTS 541800 1250 1250 MISCELLANEOUS 900099 1135 1135 2385 4713030 324029 1250 1983943 278975 278975 348222 348222 1401974 1028020 89656 284298 44776 29108 3872 11796 132640 106306 6370 19964 127780 78342 27362 22076 33664 33664 336055 235547 100508 143321 143321 15291 15291 109170 58246 19752 31172 22813 22813 124166 121286 2880 278045 278045 43396 36049 7347 OTHER PRODUCTION EXP. 313048 313048 ORCHESTRA 308001 308001 UTILITIES AND TELEPHONE 49216 38102 11114 OTHER FUNDRAISING EXP. 42284 42284 77025 75737 1288 4229862 3128133 690139 411590 191581 145162 99273 101517 139984 100633 11879 2148 14945 13422 8887607 3932196 5192957 4955411 28987531 29364083 11682 7936810 8053157 42586642 42735533 39052 50088 44164 38534 3396043 3216464 72361 73366 3551620 3378452 X 15913558 15762917 320183 229713 22801281 23364451 39035022 39357081 42586642 42735533 X 483168 -277456 116347 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28911301 236029 1820582 278975 1324854 29364083 27689733 378036 2269932 258900 1167500 28911301 23725630 2082347 3189543 248050 1059737 27689733 24345484 643983 95703 246100 1113500 23725630 22721137 2088925 760022 241100 983500 24345484 0.47610 0.52390 0.00000 0 0 448000 448000 7305450 3085949 4219501 14679 3181 11498 909977 678406 231571 209501 164660 44841 4955411 BENEFICIAL INTEREST IN TRUSTS 8053157 8053157 CAPITAL LEASE OBLIGATIONS 69806 GIFT ANNUITY CONTRACT PAYABLE 3560 73366 X 4756733 -277456 116347 -161109 4917842 33664 -238476 -204812 4713030 4434674 238476 238476 4196198 33664 33664 4229862 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: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS APPLICATION OF THE STANDARD HAS NO EFFECT ON THE ACADEMY'S FINANCIAL STATEMENTS. THE ACADEMY'S FORM 990 RETURN FOR THE YEAR ENDED JUNE 30, 2014 WAS AUDITED BY THE IRS. THE RESULT OF THE AUDIT WAS THE IRS ACCEPTED THE RETURN AS FILED AND THE ACADEMY 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 116,347. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES -238,476. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EVENT EXPENSES 238,476. 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 ACADEMY'S STUDENT GUIDELINES, CONTAINED IN THE PUBLISHED BROCHURE AND ON THE WEB SITE. SCHEDULE E, PART I, LINE 6 THE ACADEMY OF VOCAL ARTS 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 $40,323. GALA 419627 293739 125888 162115 OPENING NIGHT 54326 38028 16298 26619 3 87824 61477 26347 49742 561777 393244 168533 238476 238476 -69943 1 STUDENT FELLOWSHIP AWARDS 27 262975 0 SUMMER STUDY GRANTS 6 16000 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. SUMMER STUDY GRANTS ARE PROVIDED FOR APPROVED IMMERSION PROGRAMS. PROOF OF ACCEPTANCE INTO THE PROGRAM AND ATTENDANCE ARE PROVIDED TO AVA. X X 0 0 0 0 0 0 0 0 0 K JAMES MCDOWELL PRESIDENT & ARTISTIC DIRECTOR 151667 0 0 0 0 0 7583 0 39713 0 198963 0 0 0 CHRISTOFER MACATSORIS MUSIC DIRECTOR 150000 0 0 0 0 0 7500 0 21250 0 178750 0 0 0 X 1 1600 FAIR MARKET VALUE X 14 197427 FMV ON DATE OF GIFT 0 0 0 0 PART I, COLUMN (B): THE NUMBERS IN THIS COLUMN REPRESENT 1 ITEM CONTRIBUTED AND 14 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 116,347.