2019-05-29T15:04:29-07:00 2018-08-31 990 2017-09-01 510145980 UTAH SYMPHONY & OPERA UTAH 8015335626 123 West South Temple Salt Lake City UT 84101 Steve Hogan VP Finance/CFO 8018699057 2019-05-30 50.239.248.246 2017 2019-02-21 02:37:17Z Utah Symphony l Utah Opera Paul Meecham 123 West South Temple Salt Lake City UT 84101 22461244 0 X www.usuo.org X 1975 UT Mission - Connect the community through great live music. Perform - Engage - Inspire. Vision - USUO will be recognized nationally as a leader in artistic excellence, community service, innovative thinking, sound governance, and financial stability. We aspire to be known as a top orchestra and opera company, a renowned summer music festival, a destination for artists, an inspiration for audiences, and the beloved cultural treasure of our entire state and beyond. 56 53 549 632 0 0 13133091 12880867 7030065 7424721 1760737 1826081 279282 -91233 22203175 22040436 0 0 0 0 15043024 15359484 0 0 1213815 7463558 7969048 22506582 23328532 -303407 -1288096 44141127 45797546 4223123 5037548 39918004 40759998 Mission - Connect the community through great live music. Vision - Perform, engage, inspire. The artistic leadership of the organization is committed to representing a broad range of musical styles, including traditional works, contemporary pieces, and new commissions to add to the canon of classical music. Community investment in Utah Symphony | Utah Opera strengthens our economy and enhances our quality of life. Utahns have long recognized that a person's quality of life rests, in part, on the community's commitment to the arts to inspire the human spirit and motivate the betterment of mankind. Over the years, Utah has experienced growth and prominence and continues to become established as a hub for business innovation and scientific research in the United States. Utah Symphony | Utah Opera stands as an influential cultural leader that is often cited by companies as an attraction for a successful and talented workforce to the region. 0 0 12641758 0 4656366 Code 711130 SYMPHONIC CONCERTS - The Utah Symphony was founded during the Great Depression as a Works Progress Administration orchestra under Roosevelt's New Deal. Today, the Utah Symphony is the premier orchestra in the Intermountain West and one of only fifteen year-round orchestras (meaning full salary, benefits, and performing schedule) in the nation. This ranking compares favorably to Utah's rank of 31st among states in population size. The Utah Symphony presents over 200 concerts at Abravanel Hall and in communities throughout Utah, reaching approximately 135,619 during the season. A variety of programs are offered featuring some of the industry's most illustrious artists in performance with the Utah Symphony in programs ranging from Classical Symphonies, to Jazz, to Pops. Please see utahsymphony.org for more information. The Utah Symphony | Utah Opera's Education Program benefits Utah's children and is one of the largest in the country, reaching more than 157,561 students and 7,213 teachers annually. Through our education program offerings, each school district in Utah is visited every three to five years. The reach of this programming is far greater than performing arts organizations in other metropolitan areas. In addition to visits to schools, the programs provide opportunities for students to attend performances, rehearsals, master classes, and other great learning events. The community at large is engaged regularly through various Outreach Programs. We present an annual performance for children with special needs and their families reaching nearly 400 families each year, an annual performance for the blind and visually impaired reaching up to 100 members of that community, and a variety of musical events for members of our community who are Alzheimer's care recipients and caregivers in collaboration with the Utah Chapter of the Alzheimer's Association reaching over 300 people each year. Other services coordinated by our Education and Outreach Department include a variety of free lectures, internships, on-line learning courses, teacher re-licensure programs, and a Youth Symphony Festival. A stand-out among Utah Symphony | Utah Opera's projects is our local partnership with local museums, art galleries, libraries, film centers, performing arts groups, and scholars, the Festival provides our community opportunities to explore an artistic theme using all their senses. Additionally, through our volunteer network of over 600 individuals, the Utah Symphony Guild, Ogden Opera Guild, and Youth Guild reach over 500 citizens through their programs and events each year. Utah Symphony | Utah Opera is engaged in valuable cooperative relationships with many other non-profit organizations that serve a variety of purposes, including The Road Home, Utah School Boards, Ballet West, Madeleine Cathedral Choir School, Children's Dance Theatre and Utah Shakespeare Festival. It is also notable that, through a close relationship with the communities it serves, Utah Symphony | Utah Opera is able to reinvest into Utah's economy. *The organization employs over 450 individuals each year. *An estimated 93% of Utah Symphony | Utah Opera expenses are fed directly back into the local economy. *Economic development professionals concur that a vibrant symphony and opera are important criteria in attracting new businesses and skilled professionals to Utah. *Source: Salt Lake County Cultural Facilities Master Plan, AMS Consultants, December 2008. 3650417 0 932498 Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of an estimated 29,994 during the season. Utah Opera offers 20 performances of four mainstage productions each year, has a nationally-renowned set and costume shop, and features some of the top singers, directors, conductors, and designers from around the country. A Resident Artists program provides aspiring young singers an opportunity to refine their craft while performing secondary roles and singing in education and community outreach programs. Please see utahopera.org for more information. A prime example of the services we are able to render to the arts community is the value housed in the Utah Opera Production Studios. The Utah Opera Production Studios houses a team of artisans, designers, and skilled craftsmen who bring the art form of opera to life for Utah Opera and performing arts organizations around the world through its sets and costumes construction and rentals programs. One of the only facilities of its kind, The Utah Opera Production Studios bring the integration of all production activities of the Utah Symphony | Utah Opera to one resourceful location (Costume Shop & Rentals, Prop Studio, Scenic Shop & Scenic Studio, Set Storage, Assembly Bay, Rehearsal Hall, and Chorus Rooms) and allows the organization to utilize a business model which combines all aspects of both symphonic and operatic art forms. Production needs for performances at Abravanel Hall, the Capitol Theatre, and even the Deer Valley Music Festival can be designed and built with the resources found in this building. This has resulted in valuable cost savings and artistic synergy for the organization and the community. Utah Symphony | Utah Opera reaches over 349,000 people every year through live performances. 2423881 0 1763872 Code 711130 DEER VALLEY MUSIC FESTIVAL - The Deer Valley Music Festival is the summer home of the Utah Symphony, reaching an audience of an estimated 46,866 during the summer season. The festival provides chamber music, classical, family, and pops offerings in many venues: the Deer Valley Snow Park Outdoor Amphitheater, St. Mary's Church, and salons in private Park City homes. Please see deervalleymusicfestival.org for more information. 1333990 0 71985 Depreciation of Set Equipment - $77,813; Marketing - $603,977; Box Office - $416,063; Education - $210,369; Misc - $25,768 1333990 0 71985 20050046 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 250 0 1 549 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 53 1 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 UT X Steve Hogan 8018699057 123 West South Temple Salt Lake City UT 84101 Jesselie Barlow Anderson Trustee 2 X 0 0 0 Doyle L Arnold Trustee 2 X 0 0 0 Elizabeth Beilman Ex-officio-Musician 20.00 X 66636 0 24938 Judith M Billings Trustee 1 X 0 0 0 Howard S Clark Trustee 1 X 0 0 0 Gary L Crocker Trustee 1 X 0 0 0 John D'Arcy Treasurer 2 X 0 0 0 Mark Davidson Ex-Officio - Musician 20.00 0 X 100177 0 21163 David Dee Trustee 2 X 0 0 0 Alex J Dunn Trustee 1 X 0 0 0 Robert Fudge Ex-Officio - Ogden Symphony Ballet Association 1 X 0 0 0 Kem C Gardner Trustee 3 X 0 0 0 Brian Greeff Trustee 1 X 0 0 0 Lynnette Hansen Trustee 0.5 X 0 0 0 Matthew S Holland Trustee 0.5 X 0 0 0 Thomas N Jacobson Trustee 1 X 0 0 0 Annette W Jarvis Secretary 2 X 0 0 0 Mitra Kashanchi Trustee 1 X 0 0 0 Thomas M Love Trustee 2 X 0 0 0 Brad W Merrill Trustee 1 X 0 0 0 William H Nelson Vice Chair 2 X 0 0 0 Theodore F Newlin III Trustee 2 X 0 0 0 Dee O'Donnell Trustee 1.00 X 0 0 0 Dinesh Patel Trustee 1 X 0 0 0 Frank R Pignanelli Trustee 1 X 0 0 0 Gary B Porter Trustee 1 X 0 0 0 Shari H Quinney Trustee 1 X 0 0 0 Brad Rencher Trustee 1 X 0 0 0 Margaret Sargent Ex-officio-Utah Symphony Guild 1 3 X 0 0 0 Joanne F Shiebler Trustee 2 X 0 0 0 Diane Stewart Trustee 0.25 X 0 0 0 Naoma Tate Trustee 1 X 0 0 0 Thomas Thatcher Trustee 1 X 0 0 0 David Utrilla Trustee 1 X 0 0 0 Judith Vander Heide Ex-Officio - Ogden Opera Guild 0.5 X 0 0 0 Craig C Wagstaff Trustee 0.5 X 0 0 0 Bob Wheaton Trustee 1 X 0 0 0 Kim R Wilson Trustee 1 X 0 0 0 Thomas Wright Trustee 1 X 0 0 0 Paul Meecham President & CEO 40 0 X X 304771 0 102748 David Green Senior VP & COO 40 X 127392 0 40726 Steve Hogan VP of Finance & CFO 40 X 116910 0 34635 Madeline Adkins Concertmaster 20.00 0 X 181726 0 53141 Ralph Matson Musician 20 0 X 172794 0 40341 Kathryn Eberle Musician 20.00 0 X 113875 0 27779 Leslie Peterson VP of Development 40 X 103590 0 53598 Rainer J Eudeikis Musician 20.00 0 X 105929 0 25330 1393800 0 424399 11 0 1 0 Love Communications 546 South 200 West Salt Lake City UT 84101 Marketing & Advertising 616600 Thierry Fischer 10 Avenue du Mervelet Geneva SZ 1209 Conductor 479655 Salt Lake County Center 50 West 200 South Salt Lake City UT 84101 Rent 332479 Deer Valley Resort Co PO Box 1525 Park City UT 840601525 Venue 316776 Peczuh Printing PO Box 1024 355 East 100 South Price UT 84501 Printing 270616 12 X 0 0 682969 0 4344207 7853691 1678830 12880867 Performance Symphony 711130 4656366 4656366 0 0 Performance Opera 711110 932498 932498 0 0 Deer Valley Music Festival 711130 1763872 1763872 0 0 Miscellaneous Revenue 711110 71985 71985 0 0 0 0 0 0 7424721 1826081 0 0 1826081 0 0 0 0 0 0 0 0 0 329575 0 222355 0 107220 107220 0 0 107220 0 0 0 682969 198453 -198453 0 -198453 0 0 0 0 0 22040436 7424721 0 1734848 X 1815337 1086844 431392 297101 10575129 9823508 391886 359735 681272 646357 25993 8922 1478742 1315696 80312 82734 809004 751498 29979 27527 13443 13443 40489 40489 0 0 3164197 3161709 2488 1834664 1318177 246226 270261 60270 60270 104462 104462 492062 426258 65804 400146 388500 10655 991 21555 21555 18975 18975 286370 77813 208557 74769 74769 Production 1219522 1049347 169177 998 General Administration 62549 4339 58210 0 Guild 175575 0 10029 165546 23328532 20050046 2064671 1213815 1490909 1446533 0 0 4024348 4799577 1723953 1552318 0 0 0 0 0 0 0 0 563498 602718 9313594 5597409 3302977 3716185 32895297 33538109 6900 6900 82397 84358 0 50848 50848 44141127 45797546 1539285 1678176 0 0 2533838 2282845 0 0 0 0 0 0 0 0 150000 100000 0 976527 4223123 5037548 X 5689839 4401743 5066358 5223743 29161807 31134512 39918004 40759998 44141127 45797546 X -1288096 0 0 0 0 2130090 X 0 1 X 1 0 X 13242365 13425120 14783165 13133092 12880867 67464609 0 0 0 0 0 0 0 0 0 0 0 0 13242365 13425120 14783165 13133092 12880867 67464609 67464609 1742153 1214202 1796826 1760737 1826081 8339999 0 0 0 0 0 0 56093 50016 65986 66806 0 238901 76043509 0.88718 0.88937 X Schedule A, Part II, Line 10 Other income from audition fees, instrument rentals, boutique sales, sheet music rental, and insurance. 0 50848 0 33032910 1144273 2999459 0 1671619 83436 35421587 31735563 1147367 1956505 0 1650653 155872 33032910 31349298 401544 1940720 0 1719789 236210 31735563 34775987 -455291 -1213308 0 1503873 254217 31349298 34943005 231026 1182246 0 1291716 288574 34775987 0.09 0.88 0.03 0 0 0 229500 229500 0 5472471 3156684 2315787 0 27671 21578 6093 0 1657636 1114613 543023 0 1926316 1304534 621782 3716185 0 Wells Fargo Line of Credit 976527 976527 25818179 0 1067650 0 2289285 3356935 22461244 0 -420808 -420808 22040436 24976185 1067650 0 0 580003 1647653 23328532 0 0 0 23328532 Schedule D, Part III, Line 1 N/A Schedule D, Part III, Line 4 Paintings, sculptures, and rugs in the common areas at Abravanel Hall. Schedule D, Part V, Line 1b Comes from Net Assets (includes receivables) Schedule D, Part V, Line 4 US&O uses 5% of a 12 month quarterly average to help contribute to the program expense of the organization. Schedule D, Part XI, Line 2d Interest and dividends on Endowment $667,014; Realized and unrealized gains/losses $2,089,135; Contributions to Endowment $783,128; Contributions for future use $3,407,998; Release of contributions intended, by donor, for current year ($2,929,069); Endowment Draws ($1,531,735); Government grants for future use $692,890; Release of prior government grants ($890,076). Schedule D, Part XI, Line 4b Costume/set rental expenses recognized as an offset to rental revenues on tax return ($222,355); Fundraising event expenses reported on 990 Part VIII Line 8b ($198,453). Schedule D, Part XII, Line 2d Endowment Investment Expenses $70,596; Temp Restricted Investment Expenses $2,844; Allowance for Bad Debt $85,755; Costume/set rental expenses recognized as an offset to rental revenues on tax return $222,355; Fundraising event expenses reported on 990 Part VII Line 8b $198,453. Renee Fleming Gala 433921 433921 0 0 0 46382 52341 4287 8017 Deer Valley Gala 249048 249048 0 0 0 20221 29514 31403 6288 0 682969 682969 0 0 0 66603 81855 35690 14305 198453 -198453 X X 0 0 0 0 0 0 0 1 0 Paul Meecham President & CEO 276771 0 28000 0 0 0 62795 0 39953 0 407519 0 0 0 David Green Senior VP & COO 127392 0 0 0 0 0 10458 0 30268 0 168118 0 0 0 Steve Hogan VP of Finance & CFO 116910 0 0 0 0 0 3677 0 30958 0 151545 0 0 0 Madeline Adkins Concertmaster 181726 0 0 0 0 0 24151 0 28990 0 234867 0 0 0 Ralph Matson Musician 172794 0 0 0 0 0 12120 0 28221 0 213135 0 0 0 Leslie Peterson VP of Development 103590 0 0 0 0 0 23301 0 30297 0 157188 0 0 0 Schedule J, Part I, Line 7 CEO deferred compensation is based on company contribution to 401(k) plan. Tom Love Board Member 616600 Marketing & Advertising 0 Bob Wheaton Board Member 316776 Venue Rental at Deer Valley 1 X 27 1678830 average between high and low 0 1 1 Schedule M, Part I, Line 32b Stock brokers to sell donations Form 990, Part VI, Section A, Line 1a In the absence of Board action or in the event that the Board is unable to take action on a particular matter, the Executive Committee shall have all of the powers and exercise all of the duties of the Board in managing the business of the Corporation. Any such action taken by the Executive Committee in the absence or inability of the Board to take action shall be considered for ratification by the Board at the next regular meeting or special meeting of the Board. Form 990, Part VI, Section A, Line 2 Our board is made up of community leaders and as such some business relationships exist and our conflict of interest policy and process adequately reveals and manages these so they are not conflicts for the organization. Form 990, Part VI, Section A, Line 7a The Corporation may have three or more appointed ex officio voting Trustees of the Board. These positions shall be comprised of the following: (i) one Ogden Opera Guild representative; (ii) one Utah Symphony Guild representative; (iii) one Ogden Symphony Ballet Association representative; and (iv) such representatives of auxiliary and advisory organizations and guilds as elected by their respective organizations and guilds. Two Musicians, as provided in the Collective Bargaining Agreement between the Corporation and American Federation of Musicians, Local 104, are voting Trustees of the Board. Form 990, Part VI, Section B, Line 11b Prepared by CFO, reviewed by Finance and Executive committees, posted to website for entire board review. Form 990, Part VI, Section B, Line 12c The values governing the affairs of Utah Symphony & Opera (US&O) are Excellence, Integrity, Trust, and Communication. Staff members are encouraged in their individual capacities to represent these values and to exemplify the highest standards of ethical behavior in all they do and say. They are thus encouraged to do their utmost to respect the rights and dignity of other persons; to be honest, accurate, and open-minded in the presentation of information and ideas; when accounting for US&O's assets or handling financial transactions; when soliciting contributions; when representing US&O before governmental leaders, charitable foundations, patrons, and donors; or when dealing with vendors, partners, lessees, and other parties. A conflict of interest is defined as any circumstance that would cast doubt on the ability of a member of the staff to act with total objectivity with regard to the US&O's best interest. No member shall use his or her position, or the knowledge gained from his or her position, or the knowledge gained from his or her position, in such a manner that a conflict arises between the interest of the organization and the staff members' personal interests. An actual or potential conflict of interest may occur when an employee is in a position to influence a decision that may result in personal gain for that employee or for a relative as a result of business dealings. For the purposes of this policy, a relative is any person who is related by blood or marriage, or whose relationship with the employee is similar to that of persons who are related by blood or marriage. Utah Symphony & Opera relies on its employees to exercise their responsibilities to the organization in good faith. As a consequence of representing Utah Symphony & Opera, employees may be in a position to establish personal relationships with patrons and donors or obtain confidential information concerning them. Employees may not, directly or indirectly solicit or accept money, loans, expensive gifts, travel, extravagant entertainment, or preferential treatment from such individuals. Employees may not use any information obtained about patrons and donors to further their personal interests during their employment with US&O or after their termination with US&O. In addition to this, the materials, products, designs, plans, ideas, and data of US&O should never be given or sold to an outside agency, firm or person except through normal channels and with appropriate authorization. Any improper transfer of material or disclosure of information, even though it is not apparent that an employee has personally gained by such action, constitutes unacceptable conduct. Any employee who participates in such a practice will be subject to disciplinary action, up to and including possible discharge. Having a conflict of interest may not necessarily indicate a professional transaction cannot occur. However, it is the duty of each staff member to disclose annually any actual or possible conflicts of interest in writing to the Director of Human Resources and Department Head. In the absence of an HR director all disclosures may be communicated to the COO. The employee is expected to provide all material facts and personal interests that may be determined to present a conflict of interest before any discussion or negotiation of a transaction takes place. Immediately upon becoming aware of the possible conflict of interest, the Director of Human Resources and Department Head will discuss the conflict with the COO to determine whether a particular conflict of interest is fair to the organization. The Director of Human Resources, and or Department Head will respond in writing to the employee within 30 days of disclosure. If agreement is not reached, the final determination will be made by the President/CEO. Form 990, Part VI, Section B, Line 15 League of American Orchestras Survey for salaries, Opera America, recruiting firm using comparable data, task force of board members as a search committee. Form 990, Part VI, Section C, Line 19 We post to our website, provide copies upon request as well as publishing board meeting schedules in the newspaper which allows interested persons to attend meetings and request information. Conflict of interest policy is distributed annually. Form 990, Part VIII, Line 3 Endowment Draw - $1,671,619; Interest/Dividends - $4,928; Gain from Sale of Assets - $36,206; Unrealized Gains - $9,902; 5% Draw being Released from Board Rstr - ($139,884); Interest/Dividends-Board Restr - $66,838; Realized Gains-Board Restr - $9,442; Unrealized Gains Board Restr - $167,030. Form 990, Part IX, Line 11g Guest Artists $1,973,232; Guest Conductors $608,271; Travel $232,430; Chorus $147,718; Designers $107,596; Misc $94,950. Form 990, Part XI, Line 9 Government grants for future period-temporary restricted - $692,890; Government grants from prior period released to operations - ($890,076); Contributions for future period-temporary restricted - $3,407,998; Contributions from prior period released to operations - ($2,929,069); Contributions to endowment-permanent restricted - $783,128; Interest-temporary restricted - $9,459; Interest-permanent restricted - $238,130; Dividends-temporary restricted - $16,195; Dividends-permanent restricted - $403,230; Unrealized gains-temporary restricted - $77,426; Unrealized gains-permanent restricted - $1,888,748; Realized gain-temporary restricted - $4,704; Realized gain-permanent restricted - $118,254; Draws from endowment-temporary restricted - ($137,744); Draws from endowment-permanent restricted - ($1,393,991); Management and general expenses-temporary restricted - ($2,844); Management and general expenses-permanent restricted - ($70,596); Allowance for bad debts-temporary restricted - ($91,557); Allowance for bad debts-permanent restricted - $5,802.