2019-05-14T16:08:56-05:00 2018-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2017-07-01 952096402 LOS ANGELES OPERA COMPANY % CARL M RIES LOSA 2139727652 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 CARL RIES CFO 2139727219 2019-05-13 true Carey McKee P01281067 2139724000 2019-05-14 167.68.102.5 95488420191345000012 2019-05-14 P 4C50ADEA132E82CFA03F0E70DAD47461E3E8F4C4 4C50ADEA132E82CFA03F0E70DAD47461E3E8F4C4 2017 2019-02-21 02:37:17Z Carl M Ries 135 N GRAND AVENUE LOS ANGELES CA 90012 58817354 false X LAOPERA.ORG X 1983 CA THE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA. 85 78 1065 511 0 73515 29386562 40920068 12815358 14472677 1603376 1370525 -304174 -377460 43501122 56385810 8000 8000 0 0 25768128 26042378 153917 211854 3471072 16335260 16802765 42265305 43064997 1235817 13320813 79888255 91977439 24496094 21301445 55392161 70675994 X To serve the public by producing world-class opera that preserves, promotes and advances the art form while embodying the diversity, spirit and artistic sensibility unique to Los Angeles. See Schedule O. false false 30849267 12528841 OPERA From July 1, 2017 through June 30, 2018, the Company produced 38 performances of six operas for nearly 108,000 people, including 40,000 attending preshow educational talks. 3983315 1799038 OTHER ARTISTIC PROGRAMS The organization presents opera in a variety of media and at a variety of locations to expand and engage the LA Opera audience, and promote the art form. These activities include the Off Grand Initiative, the Young Artist Program as well as a recital with world renowned opera singers.See Schedule O. 1278721 8000 144798 Education and Community Outreach Throughout the year, LA Opera produced over 34 unique Education and Community programs, for students, children, families, and senior citizens across the Los Angeles region. Over 4,400 school students attended dress rehearsals at the Dorothy Chandler Pavillion. Almost 6,500 students and seniors attended main stage performances through our Community Circle program at little or no cost.See Schedule O. 36111303 true true false false false false false false false true true true false true false false true false false false false false false true true false false false true true false false false true false true true true true false false false false false false false false true 239 0 true 1065 true true true false false false false true true false false false false X 85 78 true false false false false false false true true false false false true true true true true true true false CA X X CARL M RIES 2139727652 135 N GRAND AVENUE LOS ANGELES CA 900123013 X Marc I Stern Chairman 10.0 0.0 X X 0 0 0 Carol F Henry Chairman of Executive Committe 10.0 0.0 X X 0 0 0 Bernard A Greenberg Vice Chairman 5.0 0.0 X X 0 0 0 Warner W Henry Vice Chairman 5.0 0.0 X X 0 0 0 Sebastian Paul Musco Vice Chairman 5.0 0.0 X X 0 0 0 Eugene P Stein Vice Chairman (As of 6/14/18 ) 5.0 0.0 X X 0 0 0 Marilyn Ziering Vice Chairman 5.0 0.0 X X 0 0 0 Robert Ronus Treasurer 5.0 0.0 X X 0 0 0 Marvin S Shapiro Secretary 5.0 0.0 X X 0 0 0 Geraldine Alden PhD Director 2.0 0.0 X 0 0 0 Patricia N Artigas Director (As of 4/16/18) 2.0 0.0 X 0 0 0 James R Asperger Director 2.0 0.0 X 0 0 0 Haig S Bagerdjian Director 2.0 0.0 X 0 0 0 Beatrice Bennett Director (Thru 6/14/18) 2.0 0.0 X 0 0 0 Adele H Binder Director (Thru 6/14/18) 2.0 0.0 X 0 0 0 Paul Bloch Director 2.0 0.0 X 0 0 0 Alex K Bouzari Director 2.0 0.0 X 0 0 0 Dr Iman H Brivanlou Director 2.0 0.0 X 0 0 0 Dr Carol E Cass Director 2.0 0.0 X 0 0 0 Marlene Chavez Director (As of 10/3/17) 2.0 0.0 X 0 0 0 Joyce Chernick Director 2.0 0.0 X 0 0 0 James Conlon EX.OFF.DIR. SEE SCH.J, PT. III 20.0 0.0 X 974089 0 170678 Robert T Cook Director 2.0 0.0 X 0 0 0 Mark H Dalzell Director (Thru 6/14/18) 2.0 0.0 X 0 0 0 Alexis Deutsch-Adler Director 2.0 0.0 X 0 0 0 Placido Domingo DIRECTOR. SEE SCH. J, PT. III 20.0 0.0 X 845141 0 445000 Leslie A Dorman Director 2.0 0.0 X 0 0 0 Geoff Emery Director 2.0 0.0 X 0 0 0 Penelope Foley Director 2.0 0.0 X 0 0 0 Don Erik Franzen Director 2.0 0.0 X 0 0 0 Dr Michael A Friedman Director 2.0 0.0 X 0 0 0 Alexander Furlotti Director 2.0 0.0 X 0 0 0 Craig Garner Director 2.0 0.0 X 0 0 0 Kiki Ramos Gindler Director 2.0 0.0 X 0 0 0 Ruth R Gold Director 2.0 0.0 X 0 0 0 Thomas Gottschalk Director 2.0 0.0 X 0 0 0 Diane Gray Director 2.0 0.0 X 0 0 0 Monica Gutierrez-Roper Director 2.0 0.0 X 0 0 0 Cornelia Haag-MolkentellerPhD Director 2.0 0.0 X 0 0 0 Hany Haddad Director 2.0 0.0 X 0 0 0 Mary Hayley Director 2.0 0.0 X 0 0 0 Catherine H Helm Director 2.0 0.0 X 0 0 0 Mrs John F Hotchkis Director 2.0 0.0 X 0 0 0 Tim C Johnson Director 2.0 0.0 X 0 0 0 Richard Jones Director 2.0 0.0 X 0 0 0 Dr Harold L Karpman Director (Thru 6/13/18) 2.0 0.0 X 0 0 0 Lawrence A Kern Director 2.0 0.0 X 0 0 0 Gayle Kirschbaum Director 2.0 0.0 X 0 0 0 Thomas F Kranz Director 2.0 0.0 X 0 0 0 Edward A Landry Director 2.0 0.0 X 0 0 0 Lauren B Leichtman Director (As of 4/16/18) 2.0 0.0 X 0 0 0 Keith R Leonard Jr Director 2.0 0.0 X 0 0 0 Sean Madnani Director (As of 4/16/18) 2.0 0.0 X 0 0 0 Claude Mann Director 2.0 0.0 X 0 0 0 Patty McKenna Director (As of 12/31/17) 2.0 0.0 X 0 0 0 Bryan Moeller Director 2.0 0.0 X 0 0 0 Carlos A Mollura Director (Thru 6/14/18) 2.0 0.0 X 0 0 0 Dr Leslie A Pam PhD Director 2.0 0.0 X 0 0 0 Linda Pascotto Director 2.0 0.0 X 0 0 0 Linda Pierce Director 2.0 0.0 X 0 0 0 Harold B Ray Director 2.0 0.0 X 0 0 0 Courtney Reum Director 2.0 0.0 X 0 0 0 Brindell Roberts Gottlieb Director 2.0 0.0 X 0 0 0 Barry A Sanders Director 2.0 0.0 X 0 0 0 Lionel Sauvage Director 2.0 0.0 X 0 0 0 Heinrich Schelbert Director 2.0 0.0 X 0 0 0 R Carlton Seaver Director 2.0 0.0 X 0 0 0 Lisa See Director 2.0 0.0 X 0 0 0 Joan Seidel Director 2.0 0.0 X 0 0 0 Dr Chester Semel Director 2.0 0.0 X 0 0 0 Marilyn Shapiro Director 2.0 0.0 X 0 0 0 Susan Shapiro Director 2.0 0.0 X 0 0 0 Eric L Small Director 2.0 0.0 X 0 0 0 James Thurmond Smithgall Director 2.0 0.0 X 0 0 0 Deanie Stein Director (As of 10/3/17) 2.0 0.0 X 0 0 0 Mrs Dorothy B Straus Director 2.0 0.0 X 0 0 0 Dr James H Strauss Director 2.0 0.0 X 0 0 0 Barbara Augusta Teichert Director 2.0 0.0 X 0 0 0 Sandra Terner Director (As of 6/14/18) 2.0 0.0 X 0 0 0 Paul D Tosetti Director 2.0 0.0 X 0 0 0 Brigitta B Troy Director 2.0 0.0 X 0 0 0 Chris Walker Director 2.0 0.0 X 0 0 0 Regina Weingarten Director 2.0 0.0 X 0 0 0 Geoffrey P Wharton Director 2.0 0.0 X 0 0 0 Alyce Williamson Director 2.0 0.0 X 0 0 0 Andrew Xu Director (As of 10/3/17) 2.0 0.0 X 0 0 0 Zev Yaroslavsky Director 2.0 0.0 X 0 0 0 Ellen Zetcher Director 2.0 0.0 X 0 0 0 Ann Ziff Director 2.0 0.0 X 0 0 0 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 40.0 0.0 X X 535000 0 13892 John Nuckols Executive Vice President 40.0 0.0 X 301423 0 6202 Faith Raiguel Vice President, CFO 40.0 0.0 X 210000 0 9674 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 40.0 0.0 X 223462 0 9967 Rupert Hemmings V.P., ARTISTIC PLANNING 40.0 0.0 X 223038 0 14687 Stacy C Brightman V.P., ED. & COMM. ENGAGEMENT 40.0 0.0 X 130000 0 7986 Patricia McLeod Senior Director, Development 40.0 0.0 X 170000 0 13312 Grant Gershon Resident Conductor 25.0 0.0 X 169904 0 3755 Fran Maldonado-Rizzi Director of Public Relations 40.0 0.0 X 151582 0 13541 Jeff Kleeman Technical Director 40.0 0.0 X 150673 0 10498 Steven L Williams Head Electrician 40.0 0.0 X 147118 0 32579 4231430 0 751771 31 false true true AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 DIR/CONDUCTOR 974089 MARINGO USA LLC 425 E 58TH ST 21F NEW YORK NY 10022 DIR/PERFORMANCE FEES 774308 DANJON REALTY LLC 1880 CENTURY PARK EAST 1600 LOS ANGELES CA 90067 COSTUME SHOP RENT 244671 112 BEVERLY LLC 936 CRENSHAW BLVD 100 LOS ANGELES CA 90019 COSTUME SHOP RENT 206544 SPECIAL OCCASIONS EVENT PLANNING 357 S ROBERTSON BLVD BEVERLY HILLS CA 90211 EVENT PLANNING 200195 8 3094711 1363193 36462164 21075035 40920068 Ticket Sales and Fees 711190 12528841 12528841 RECITALS 611710 1129208 1129208 OFF-GRAND INCOME 711190 491181 491181 Outreach Income 711190 144798 144798 PRODUCER FEES 711190 98662 98662 79987 79987 14472677 1370932 1370932 0 0 0 0 0 1833008 11250 1829055 15610 3953 -4360 -407 -407 100761 3094711 586879 -486118 -486118 0 0 0 0 0 0 REFUND OF PRIOR YEAR OVERPAYMENTS 900099 71781 71781 WORKERS COMPENSATION REBATE 900099 36533 36533 403b Forfeiture Funds 900099 344 344 108658 56385810 14472677 993065 0 8000 8000 0 0 3604407 3077107 219675 307625 0 17514514 15192011 810692 1511811 1353916 1310688 14404 28824 1851838 1680221 52715 118902 1717703 1499358 87913 130432 0 16903 15727 806 370 143000 143000 0 211854 211854 66282 66282 3717064 3550207 135302 31555 1696080 1616920 3726 75434 472638 311086 79968 81584 176145 53761 122157 227 194592 194592 2384407 2114007 270400 1062802 909657 92079 61066 0 24144 17210 5154 1780 493697 493697 0 305244 154432 150812 277973 274840 3133 Physical Production Costs 2559763 2546475 6783 6505 Other Consulting Fees 1084136 908620 116618 58898 Special Programs 928545 173511 72080 682954 Credit Card Discounts 456194 372605 83589 743156 405108 263519 74529 43064997 36111303 3482622 3471072 740571 465058 0 0 42603896 30656200 194903 177440 0 0 0 0 0 0 0 0 1447987 1538335 8239398 7089735 925419 1149663 0 0 19190924 23111523 0 0 0 0 14784555 34879220 79888255 91977439 4821692 4940926 0 0 6707735 5993852 0 0 0 0 5966667 4116667 7000000 6250000 0 0 0 0 24496094 21301445 X -9841766 -9553894 30766240 22923489 34467687 57306399 55392161 70675994 79888255 91977439 X 13320813 1089460 873560 X false true X true false X 47132944 28208395 34743589 29386562 40920068 180391558 14780948 11110681 14278420 12815358 14472677 67458084 0 0 0 61913892 39319076 49022009 42201920 55392745 247849642 27457221 11283185 17219504 14338311 25331823 95630044 0 27457221 11283185 17219504 14338311 25331823 95630044 152219598 860166 513939 218394 1601569 1370932 4565000 0 860166 513939 218394 1601569 1370932 4565000 0 340950 499499 333393 301665 209419 1684926 63115008 40332514 49573796 44105154 56973096 254099568 0.59906 0.62892 0.01796 0.01785 X 19190924 216512 1415258 -1714493 22537187 17009252 5176090 2542504 5536922 19190924 15562617 2632284 -550972 634677 17009252 13996165 1861493 259312 554353 15562617 12216859 697000 1666737 584431 13996165 0.90309 0.09691 true false 690429 463063 227366 7185577 6317607 867970 363392 309065 54327 1149663 MUSIC CTR FDTN UNITIZED INV PL 23111523 F 23111523 BENEFICIAL INT PERPETUAL TRUST 15620111 BENEFICIAL INT REMAINDER TRUST 19170643 DEPOSITS 70102 FABRIC INVENTORY 18364 34879220 58830573 1089460 517287 920202 2526949 56303624 66282 15904 82186 56385810 43546740 517287 46642 563929 42982811 66282 15904 82186 43064997 ENDOWMENT FUNDS - EXPENDITURES AND REPAYMENTS FOR FACILITIES & PROGRAMS FORM 990, SCHEDULE D, PART V, LINE 1E, COLUMN A TEMPORARILY RESTRICTED EXPENDITURE APPROPRIATIONS $ 785,507 PERMANENTLY RESTRICTED REPAYMENTS (2,500,000) ------------- TOTAL OTHER EXPENDITURES FOR FACILITIES AND PROGRAMS $(1,714,493) INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS TO PROVIDE A RELIABLE STREAM OF FUNDING TO ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. TO SATISFY THE LONG-TERM RATE-OF-RETURN OBJECTIVES, THE OPERA RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). IN ORDER TO SUPPORT THE LONG-TERM HEALTH OF THE OPERA, THE FINANCE COMMITTEE HAS ESTABLISHED A SPENDING RATE POLICY WHERE THE ENDOWMENT SHALL ANNUALLY DISTRIBUTE A PERCENTAGE OF THE 12-QUARTER ROLLING AVERAGE FAIR VALUE ENDING ON MARCH 30 OF THE PRIOR FISCAL YEAR. IN 2018, THE PERCENTAGE RATE USED WAS 5%. FOR FUNDS WITH DONOR-IMPOSED ASSET ALLOCATIONS OR DISTRIBUTIONS, THE DISTRIBUTIONS CONFORM TO THE DONOR'S EXPRESSED WISHES. THIS SPENDING RATE POLICY IS CONSISTENT WITH THE OPERA'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NET GIFTS AND INVESTMENT RETURN. REVENUE ON AUDITED FINANCIALS, NOT ON FORM 990 Form 990, Schedule D, Part XI, Line 2d CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST $ 920,202 REVENUE ON FORM 990, RECLASSIFIED FROM AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XI, LINE 4B Gross up Sale of Securities Gain netted against Exp $ 3,953 Gross up of Visit Patron/Aria Inc net against Exp $ 6,951 In-Kind Goods not recorded on financials $ 5,000 ------------ TOTAL $ 15,904 EXPENSES ON AUDITED FINANCIALS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XII, LINE 2D Write-off of Uncollectible Pledges $ 46,642 EXPENSES ON FORM 990, NOT AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XII, LINE 4B Gross up Sale of Securities Gain netted against Exp $ 3,953 Gross up of Visit Patron/Aria Inc net against Exp $ 6,951 In-Kind Goods not recorded on financials $ 5,000 ------------ TOTAL $ 15,904 X X X X X X X true SDA TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING false 373887 205622 168225 THEATER DIRECT INC 4213 BURBANK BLVD BURBANK CA 91505 TELEMRKTING false 53328 6232 47096 427215 211854 215321 CA 17/18 OPEN GALA 173730 213573 -39843 92 66452 16850 115083 17/18 PD 50 2649242 2523938 125304 46 112099 9875 266382 1 372500 357200 15300 3195472 3094711 100761 138 178551 26725 381465 586879 -486118 true RIGOLETTO POSTER ART DESIGN CONTEST 3 8000 N/A N/A GRANTS AND OTHER ASSISTANCE TO DOMESTIC INDIVIDUALS SCHEDULE I, PART I, LINES 1 & 2 IN 2018, THE OPERA HELD A POSTER CONTEST FOR THE OPERA RIGOLETTO. THE CONTEST WAS FUNDED BY SUPPORT FROM THE GROW @ ANNENBERG (ANNENBERG FOUNDATION), AND WAS OPEN TO ENROLLED COLLEGE ART & DESIGN STUDENTS IN SOUTHERN CALIFORNIA. THREE UNRESTRICTED CASH PRIZES WERE AWARDED TO THE WINNERS. SINCE THERE WERE NO AWARD RESTRICTIONS, NO MONITORING OF THE USE OF THE FUNDS WAS NECESSARY. X X true true X X X X false false false false false false false false false James Conlon EX.OFF.DIR. SEE SCH.J, PT. III 974089 0 0 0 0 0 30000 0 140678 0 1144767 0 0 0 Placido Domingo DIRECTOR. SEE SCH. J, PT. III 774308 0 0 0 70833 0 445000 0 0 0 1290141 0 0 0 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 350000 0 185000 0 0 0 5400 0 8492 0 548892 0 0 0 John Nuckols Executive Vice President 301423 0 0 0 0 0 5400 0 802 0 307625 0 0 0 Faith Raiguel Vice President, CFO 210000 0 0 0 0 0 4200 0 5474 0 219674 0 0 0 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 223462 0 0 0 0 0 4469 0 5498 0 233429 0 0 0 Rupert Hemmings V.P., ARTISTIC PLANNING 223038 0 0 0 0 0 4461 0 10226 0 237725 0 0 0 Patricia McLeod Senior Director, Development 170000 0 0 0 0 0 3400 0 9912 0 183312 0 0 0 Grant Gershon Resident Conductor 169904 0 0 0 0 0 3398 0 357 0 173659 0 0 0 Fran Maldonado-Rizzi Director of Public Relations 151582 0 0 0 0 0 3032 0 10509 0 165123 0 0 0 Jeff Kleeman Technical Director 150673 0 0 0 0 0 3013 0 7485 0 161171 0 0 0 Steven L Williams Head Electrician 147118 0 0 0 0 0 16941 0 15638 0 179697 0 0 0 COMPENSATION INFORMATION Form 990, Schedule J, Part I, Line 1a FIRST CLASS TRAVEL EXPENSES OF PLACIDO DOMINGO AND JAMES CONLON ARE REIMBURSED BY THE OPERA WHEN NECESSARY FOR BUSINESS PURPOSES. THE AMOUNTS ARE PAID TO THE CORPORATE EMPLOYERS OF DOMINGO AND CONLON AND TREATED AS REIMBURSEMENT OF EXPENSE PURSUANT TO AN ACCOUNTABLE PLAN. LIMITED TRAVEL IS PROVIDED TO MEMBERS OF CONLON'S FAMILY SUBJECT TO RESTRICTIONS. TRAVEL EXPENSES PAID FOR CONLON'S FAMILY ARE INCLUDED AS REPORTABLE COMPENSATION ON THE 1099 ISSUED TO AMADEUS MUSIC PRODUCTION CORPORATION. FORM 990, SCHEDULE J, PART II TOTAL COMPENSATION FOR PLACIDO DOMINGO IN THE CALENDAR YEAR 2017 INCLUDES GENERAL DIRECTOR FEES OF $430,833 (OF WHICH $70,833 IN FEES WERE DEFERRED FROM CALENDAR YEAR 2016), AS WELL AS $303,000 IN PERFORMANCE/CONDUCTING FEES, AND $40,475 IN DIRECTOR FEES FOR MARTA DOMINGO (SEE SCHEDULE L FOR FURTHER DISCLOSURE). GENERAL DIRECTOR FEES OF $425,000 AND PERFORMANCE FEES OF $20,000 WERE DEFERRED TO CALENDAR YEAR 2018. ANY PAYMENTS FOR SERVICES PROVIDED BY DOMINGO, PER THE AGREEMENT BETWEEN THE OPERA AND HIS COMPANY MARINGO, LLC (A COMPANY UNRELATED TO LA OPERA) WERE MADE TO MARINGO, LLC. TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2017 INCLUDES MUSIC DIRECTOR FEES OF $325,000, AS WELL AS CONDUCTING FEES OF $643,000 AND YAP COACHING FEES OF $2,200. CONDUCTING FEES OF $30,000 WERE DEFERRED TO CALENDAR YEAR 2018. CONLON ALSO RECEIVED TRAVEL REIMBURSEMENTS OF $3,889 WHICH IS INCLUDED IN HIS 1099 REPORTABLE COMPENSATION. ANY PAYMENTS FOR SERVICES PROVIDED BY CONLON PER THE AGREEMENT BETWEEN THE OPERA AND HIS COMPANY AMADEUS MUSIC PRODUCTION CORP (A COMPANY UNRELATED TO LA OPERA) WERE MADE TO AMADEUS MUSIC PRODUCTION CORP. ROBERT RONUSSEE NOTE BOARD MEMBER OPERATIONS X 7000000 4000000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 1050000 16667 false false true MARILYN ZIERING BOARD MEMBER OPERATIONS X 100000 33333 false false true BERNARD GREENBERG BOARD MEMBER OPERATIONS X 50000 16667 false false true SELIM ZILKHA BRD FMLY MBR OPERATIONS X 100000 33333 false false true FRANK BAXTER FRMR BRD MBR OPERATIONS X 50000 16667 false false true 4116667 MARTA DOMINGO SPOUSE OF GENERAL DIR 40475 COMP FOR DIR, COSTUME, SC false LOANS FROM INTERESTED PERSONS FORM 990, SCHEDULE L, PART II, COLUMN (A) THE LOAN WITH ROBERT RONUS FOR $7,000,000 IS A LOAN FROM HIS DONOR ADVISED FUND. FORM 990, SCHEDULE L, PART II, COLUMN (F) LOANS FROM DONORS OR BOARD MEMBERS DO NOT REQUIRE FINANCE COMMITTEE OR FULL BOARD APPROVAL. THE BOARD CHAIR APPROVES ALL SUCH TRANSACTIONS AS WELL AS THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCHEDULE L, PART IV, LINE 1 MARTA DOMINGO IS AN INTERNATIONALLY RECOGNIZED OPERA DIRECTOR. HER SELECTION AS DIRECTOR FOR A REVIVAL OF HER PRODUCTION OF TALES OF HOFFMANN WAS BASED ON HER REPUTATION AND SKILL, AND WAS DISCLOSED AND APPROVED BY THE FULL BOARD. PAYMENTS FOR SERVICES PROVIDED BY MRS. DOMINGO TO THE OPERA ARE MADE TO MARINGO USA, LLC. AMOUNTS PAID ARE ALSO REPORTED ON PART VII, SECTION B, AS AN INDEPENDENT CONTRACTOR. X 21 1833008 AVG VAL DATE DONATED X 1 19170643 APPRAISAL X Wine 1 66384 RETAIL COST X Cosmetics 1 5000 RETAIL COST false true false NUMBER OF CONTRIBUTIONS Form 990, Schedule M, Part I, Column B THIS COLUMN REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. EACH INDIVIDUAL CONTRIBUTION MAY CONTAIN MORE THAN ONE ITEM. METHOD OF DETERMINING REVENUES SCHEDULE M, PART I, LINE 9 CONTRIBUTED PROPERTY IS RECORDED AS INCOME AT THE FAIR VALUE OF THE PROPERTY ON THE DATE OF DONATION. THE FAIR VALUE OF PUBLICLY TRADED SECURITIES IS BASED ON QUOTED MARKET PRICES. METHOD OF DETERMINING NONCASH CONTRIBUTION AMOUNTS SCHEDULE M, PART I, LINE 11 THE FAIR MARKET VALUE OF TRUST INTERESTS IS BASED ON APPRAISAL OF REAL PROPERTY HELD IN A BENEFICIAL INTEREST IN REMAINDER TRUST. REVENUE LESS EXPENSES FORM 990, PART I, LINE 19 CONSISTENT WITH INSTRUCTIONS FOR THE FORM 990, LINE 19 REFLECTS REVENUE LESS EXPENSES FOR ALL NET ASSET CLASSES. REVENUE LESS EXPENSES FROM UNRESTRICTED OPERATIONS WAS $4,339,848 AND $287,872 IN 16-17 AND 17-18, RESPECTIVELY. ORGANIZATION'S MISSION, CONTINUED FORM 990, PART III, LINE 1 WE ENVISION AN ENGAGED AND ENLIGHTENED COMMUNITY IN WHICH ALL MEMBERS HAVE THE OPPORTUNITY TO COLLECTIVELY ENJOY THE RICH AESTHETIC, EMOTIONAL, INTELLECTUAL AND CULTURAL EXPERIENCE OF OPERA. PROGRAM SERVICE, CONTINUED Form 990, Part III, Line 4b OFF GRAND LA OPERA OFF GRAND IS DESIGNED TO BRING PERFORMANCES TO A BROADER GEOGRAPHIC AREA, INCREASE THE DIVERSITY OF OUR AUDIENCE AND EXPAND THE RANGE OF EXPERIENCES AVAILABLE TO EXISTING AUDIENCES. EACH YEAR THE COMPANY PRODUCES A COMMUNITY OPERA THAT COMBINES THE TALENTS OF PROFESSIONAL ARTISTS AND MUSICIANS WITH NON-PROFESSIONAL ADULTS AND CHILDREN TO PRODUCE FAMILY-FRIENDLY AND FREE PUBLIC OPERA PERFORMANCES. THE COMPANY CO-PRODUCES CONTEMPORARY OPERA AT VARIOUS PERFORMANCE VENUES AND PARTNERS WITH OTHER LOCAL ARTS ORGANIZATIONS TO PRESENT CONCERT PERFORMANCES OF CURRENT SEASON OPERAS. OFF GRAND PERFORMANCES AND PROGRAMS REACHED OVER 6,400 AUDIENCE MEMBERS. IN ITS FOURTH YEAR, THE SIMULCAST PROJECT, FUNDED BY THE COUNTY OF LOS ANGELES, BROADCAST CARMEN LIVE IN HIGH-DEFINITION TO THE BIG SCREEN AT THE SANTA MONICA PIER AND EXPOSITION PARK ON SEPTEMBER 9, 2017 FREE OF CHARGE TO AN AUDIENCE OF ALMOST 5,000. DOMINGO-COLBURN-STEIN YOUNG ARTIST PROGRAM THE YOUNG ARTIST PROGRAM SEEKS TO SUPPORT AND DEVELOP THE CAREERS OF PROMISING SINGERS AND PIANISTS. THIS RESIDENCY PROGRAM PROVIDES EXTENSIVE TRAINING AND PERFORMANCE EXPERIENCE THROUGH MAIN-STAGE ROLES, COVER ROLES, CONCERTS AND OTHER PRODUCTIONS. DURING THE YEAR, ELEVEN ARTISTS WERE GIVEN 58 MAIN-STAGE ASSIGNMENTS (ROLES, COVERS) AND PERFORMED IN MORE THAN 22 RECITALS THROUGHOUT THE COMMUNITY. CATHEDRAL PROJECT DURING THE YEAR THE COMPANY PRESENTED TWO PERFORMANCES OF JONAH AND THE WHALE AT THE CATHEDRAL OF OUR LADY OF THE ANGELS. A TOTAL OF 481 COMMUNITY MEMBERS OF ALL AGES WERE ENGAGED AS SINGERS AND MUSICIANS. THESE PERFORMANCES WERE PRESENTED FREE OF CHARGE TO APPROXIMATELY 6,945 ATTENDEES. RADIO BROADCASTS LA OPERA HAS A SERIES OF LOCAL AND NATIONAL RADIO BROADCASTS. THE NATIONALLY SYNDICATED 2017-2018 SERIES INCLUDED BROADCASTS OF 5 OPERAS ON 329 STATIONS, WITH AN ESTIMATED LISTENERSHIP OF 2.64 MILLION. LA OPERAS BROADCAST SEASON FEATURED BIZET'S CARMEN, VERDI'S NABUCCO, BELLINI'S NORMA, HEGGIE'S MOBY DICK, AND A DOUBLE BILL OF LEONCAVALLO'S PAGLIACCI AND PUCCINI'S GIANNI SCHICCHI. PROGRAM SERVICE, CONTINUED FORM 990, PART III, LINE 4C IN SCHOOL OPERA BROUGHT WEEKLY WORKSHOPS TO 25 ELEMENTARY AND SECONDARY SCHOOLS, WHERE OVER 1,200 STUDENTS LEARNED TO PERFORM IN AND PRODUCE OPERA. THEY THEN PERFORMED THE OPERA AT THEIR SCHOOL ALONGSIDE PROFESSIONAL ARTISTS FOR AUDIENCES TOTALING ALMOST 11,000 OF FELLOW STUDENTS AND THEIR FAMILIES. VOICES FOR TOLERANCE, A YEAR-LONG PROGRAM FOR ALMOST 500 STUDENTS, PROVIDED WEEKLY SESSIONS THAT TEACH CHORAL MUSIC AND PERFORMANCE, AS WELL AS DISCUSS DIVERSITY AND TOLERANCE. MORE THAN 3,300 STUDENTS, TEACHERS AND FAMILY WATCHED THE FINAL PERFORMANCES. ALMOST 4,000 STUDENTS AND TEACHERS ATTENDED FINAL DRESS REHEARSALS AT THE DOROTHY CHANDLER PAVILION, WHICH INCLUDED WORKSHOPS BY MUSICIANS AND PRODUCTION STAFF. OPERA PREP AND OPERA FOR EDUCATORS OFFERED OVER 133 TEACHERS THE OPPORTUNITY TO LEARN A BROAD FOUNDATION OF OPERA TO BE USED IN WORKSHOPS AND SEMINARS. OTHER EDUCATION AND COMMUNITY OUTREACH PROGRAMS INCLUDED THE HEALTHCARE PROJECT WHICH FILLED THE HALLS OF 14 HOSPITALS AND SENIOR HOMES, AND WAS LIVE-STREAMED TO 1,520 HOSPITAL ROOMS; LA OPERA AT THE LIBRARY; THE ZARZUELA PROJECT; AND SENIOR DRESS REHEARSALS, AMONG MANY OTHER PROGRAMS. LA OPERA'S COMMUNITY ENGAGEMENT PROGRAMS BROUGHT UNDERSERVED COMMUNITY GROUPS TO MAIN STAGE PERFORMANCES AT LITTLE OR NO COST, AND ENGAGED MANY THOUSANDS OF OTHERS IN A NUMBER OF OTHER PROGRAMS, IN TOTAL REACHING OVER 138,000 COMMUNITY MEMBERS. LA OPERA HELD A POSTER CONTEST OPEN TO STUDENTS CURRENTLY ENROLLED IN SOUTHERN CALIFORNIA. THREE CASH PRIZES WERE AWARDED. FUNDING WAS PROVIDED BY GROW AT ANNENBERG. VOTING MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS EMPOWERED TO EXERCISE ALL THE DUTIES OF THE BOARD BETWEEN MEETINGS OF THE BOARD AND WHEN THE BOARD IS NOT IN SESSION, EXCEPT THOSE MATTERS PRECLUDED UNDER SECTION 5212 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. FAMILY RELATIONSHIP Form 990, Part VI, Section A, Line 2 THERE IS ONE MARRIED COUPLE ON THE BOARD: WARNER & CAROL HENRY. REVIEW OF THE FORM 990 Form 990, Part VI, Section B, Line 11a and 11b THE FINAL DRAFT OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT OF THE LA OPERA, AND EDITED IF REQUIRED. PRIOR TO PRESENTATION TO THE AUDIT COMMITTEE, THE CHAIR OF THE BOARD REVIEWS THE DRAFT AND PROPOSES EDITS, IF REQUIRED. IT IS THE PRACTICE OF THE LA OPERA TO CIRCULATE THE PUBLIC INSPECTION COPY, WITHOUT SCHEDULE B (CONFIDENTIAL DONOR LIST), TO THE AUDIT COMMITTEE FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. FURTHER, THE PUBLIC INSPECTION COPY WITHOUT SCHEDULE B IS MADE AVAILABLE TO THE FULL BOARD SUBSEQUENT TO FILING BY ELECTRONIC OR OTHER MEANS. MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICIES ADOPTED BY THE BOARD. ANY PROPOSED TRANSACTION WHERE THERE IS, OR MAY BE, A CONFLICT OF INTEREST WITH A BOARD MEMBER IS DISCUSSED AND MAY BE SUBJECT TO APPROVAL BY THE BOARD. ANNUALLY, A PERSONALIZED LETTER TO EACH BOARD MEMBER, SIGNED BY THE CHAIRMAN OF THE BOARD, IS CIRCULATED SPECIFICALLY REQUESTING REVIEW OF THE POLICY, WHICH IS ATTACHED TO THE LETTER ALONG WITH A QUESTIONNAIRE. A RESPONSE TO A QUESTIONNAIRE IS REQUESTED TO BE SENT TO THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICT IS DISCUSSED WITH THE CHAIRMAN OF THE BOARD AND THE PRESIDENT. THE CHAIRMAN OR THE PRESIDENT DECIDE IF A POTENTIAL CONFLICT EXISTS AND IF IT SHOULD BE SUBMITTED TO THE BOARD OF DIRECTORS. A SIMILAR POLICY EXISTS, AND PROCESS IS CONDUCTED, WITH KEY EMPLOYEES WITH A QUESTIONNAIRE SUBMITTED TO THE DIRECTOR OF HUMAN RESOURCES. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A AND 15B THE COMPENSATION COMMITTEE OF THE BOARD MEETS TO REVIEW AND APPROVE THE COMPENSATION, OR CHANGE IN COMPENSATION, OF THE FOLLOWING POSITIONS, AND OTHER KEY EMPLOYEES: " GENERAL DIRECTOR " MUSIC DIRECTOR " PRESIDENT AND CHIEF EXECUTIVE OFFICER " CHIEF FINANCIAL OFFICER " VICE PRESIDENTS THE COMPENSATION COMMITTEE IS COMPOSED OF BOARD MEMBERS INDEPENDENT WITH REGARD TO THE COMPENSATION ARRANGEMENT. IN ITS EFFORTS TO COMPENSATE EMPLOYEES FAIRLY FOR THEIR SERVICES, THE COMMITTEE UTILIZES THE FOLLOWING IN DETERMINING APPROPRIATE LEVELS OF COMPENSATION: " COMPENSATION SURVEYS OR STUDIES OF COMPARABLE ORGANIZATIONS " INDUSTRY GROUP SURVEYS (OPERA AMERICA) " FORM 990 OF COMPARABLE ORGANIZATIONS COMPENSATION AGREEMENTS ARE APPROVED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. DOCUMENTATION INCLUDES THE TERMS OF THE AGREEMENTS AND THE DATE APPROVED , MEMBERS PRESENT DURING THE MEETING AND THOSE WHO VOTED ON IT, THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED, AND ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE TRANSACTION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE AUTHORIZED BODY BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. A COMPENSATION COMMITTEE MEETING WAS HELD ON JANUARY 24 2018 AND APRIL 26, 2018 WHICH REVIEWED AND APPROVED COMPENSATION PACKAGES FOR THE FISCAL YEAR ENDED JUNE 30, 2018. PROCESS FOR DISCLOSING GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE LA OPERA MAKES ITS GOVERNING DOCUMENTS, TAX EXEMPTION LETTER AND CONFLICT OF INTEREST POLICY, AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE WWW.LAOPERA.ORG. RECONCILIATION OF NET ASSETS Form 990, Part XI, Line 9 CHANGE IN VALUE BENEFICIAL INTEREST IN 920,202 PERPETUAL TRUST UNCOLLECTIBLE PLEDGES ON RECEIVABLES (46,642) ------------- TOTAL $ 873,560 SCHEDULE B CONTRIBUTIONS FORM 990, SCHEDULE B CONSISTENT WITH INSTRUCTIONS FOR THE FORM 990, ALL CONTRIBUTIONS ARE REPORTED ON THE ACCRUAL BASIS. CONTRIBUTIONS ITEMIZED IN SCHEDULE B INCLUDE NEW GIFTS (BOTH CASH AS WELL AS PLEDGES NOT RECOGNIZED IN PRIOR YEARS). ALSO INCLUDED ARE CHANGES IN DISCOUNT TO RECOGNIZE NEW AND EXISTING LONG TERM PLEDGES AT PRESENT VALUE. THE TOTAL CHANGE IN DISCOUNT IS $1,009,916. COMPENSATION OF THE FIVE HIGHEST PAID IND. CONTRACTORS FORM 990, PART VII, SECTION B, LINE 1 THE AMOUNTS LISTED BELOW FOR AMADEUS MUSIC PRODUCTION CORP AND MARINGO USA, LLC ARE PAYMENTS, AT THEIR BEHEST, FOR SERVICES PROVIDED BY JAMES CONLON AND PLACIDO DOMINGO, RESPECTIVELY. SEE SCHEDULE J FOR FURTHER INFORMATION.