2018-06-06T15:46:11-07:00 2017-08-31 990 2016-09-01 510145980 UTAH SYMPHONY & OPERA UTAH 8015335626 123 West South Temple Salt Lake City UT 84101 Steve Hogan VP Finance/CFO 8018699057 2018-06-06 2016 2022-09-23 18:48:47Z Utah Symphony l Utah Opera Paul Meecham 123 West South Temple Salt Lake City UT 84101 23011397 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 inspire 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. 42 36 533 632 0 0 14783165 13133091 5925723 7030065 1796826 1760737 54207 279282 22559921 22203175 0 0 0 0 14206381 15043024 0 0 1194003 7976483 7463558 22182864 22506582 377057 -303407 45465319 44141127 3384334 4223123 42080985 39918004 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, and inspiration for audiences, and the beloved cultural treasure of our entire state and beyond. 0 0 11799681 1106250 4154338 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 and benefits) in the nation. This ranking compares favorably to Utah's rank of 33rd among states in population size. The Utah Symphony presents over 200 concerts at Abravanel Hall and in communities throughout Utah, reaching an audience of approximately 123,840 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, Jazz, Pops, Chamber, Family and Films. Please see www.utahsymphony.org for more information. The Utah Symphony | Utah Opera's Education Program benefits Utah's children reaching more than 139,725 students and 6,100 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 an estimated 100 individuals, 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 an important criteria in attracting new businesses and skilled professionals to Utah. *Source: Salt Lake County Cultural Facilities Master Plan, AMS Consultants, December 2008. 3720949 369911 1058233 Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of an estimated 31,593 during the season. Utah Opera offers 20 performances of four mainstage productions each year, has a nationally-renowned costume shop, and features some of the top singers, directors, conductors, and designers from around the world. 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 www.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. One of the only facilities of its kind, 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. 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 allow 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. 2505564 190250 1816225 Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its fourteenth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of an estimated 46,341 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 www.deervalleymusicfestival.org for more information. 1207320 2650535 145802 Depreciation of Set Equipment - $80,449; Marketing - $565,601; Box Office - $359,849; Education Salaries - $195,187, Volunteers - $6,233. 1207320 2650535 145802 19233514 1 1 0 1 0 1 0 1 0 1 1 0 0 0 0 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 1 222 0 1 533 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 42 36 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 1 0 X 0 0 0 Doyle L Arnold Trustee 2 0 X 0 0 0 J Richard Baringer Trustee 1 0 X 0 0 0 Judith M Billings Trustee 1 0 X 0 0 0 Gary L Crocker Trustee 1 0 X 0 0 0 David Dee Trustee 2 0 X 0 0 0 Alex J Dunn Trustee 1 0 X 0 0 0 Kristen Fletcher Trustee 1 0 X 0 0 0 Kem C Gardner Trustee 3 0 X 0 0 0 Lynnette Hansen Trustee 2 0 X 0 0 0 Matthew S Holland Trustee 2 0 X 0 0 0 Thomas N Jacobson Trustee 1 0 X 0 0 0 Ronald W Jibson Trustee 1 0 X 0 0 0 Tyler Kruzich Trustee 2 0 X 0 0 0 Thomas M Love Trustee 2 0 X 0 0 0 R David McMillan Trustee 1 0 X 0 0 0 Brad W Merrill Trustee 1 0 X 0 0 0 Theodore F Newlin III Trustee 2 0 X 0 0 0 Dee O'Donnell Trustee 2 0 X 0 0 0 Dinesh Patel Trustee 1 0 X 0 0 0 Frank R Pignanelli Trustee 1 0 X 0 0 0 Shari H Quinney Trustee 1 0 X 0 0 0 Brad Rencher Trustee 1 0 X 0 0 0 Bert Roberts Trustee 1 0 X 0 0 0 Joanne F Shiebler Trustee 2 0 X 0 0 0 Diane Stewart Trustee 1 0 X 0 0 0 Naoma Tate Trustee 1 0 X 0 0 0 Thomas Thatcher Trustee 1 0 X 0 0 0 Craig C Wagstaff Trustee 2 0 X 0 0 0 Bob Wheaton Trustee 2 0 X 0 0 0 Kim R Wilson Trustee 2 0 X 0 0 0 Thomas Wright Trustee 1 0 X 0 0 0 Carol Radinger Ex-Officio - Utah Symphony Guild 2 0 X 0 0 0 Robert Fudge Ex-Officio - Ogden Symphony Ballet Association 2 0 X 0 0 0 Judith Vander Heide Ex-Officio - Ogden Opera Guild 5 0 X 0 0 0 Mark Davidson Ex-Officio - Musician 40 0 X 91299 0 0 Lissa Stolz Ex-Officio - Musician 40 0 X 73953 0 0 David A Peterson Chairman 3 0 X 0 0 0 William H Nelson Vice Chair 2 0 X 0 0 0 Annette W Jarvis Secretary 1 0 X 0 0 0 John D'Arcy Treasurer 2 0 X 0 0 0 Paul Meecham President & CEO (partial-year) 40 0 X X 124805 0 0 David Green Senior VP & COO 40 0 X 120662 0 0 Steve Hogan VP of Finance & CFO 40 0 X 116656 0 0 Madeline Adkins Concertmaster (partial-year) 40 0 X 70001 0 0 Ralph Matson Musician 40 0 X 157592 0 0 Llewellyn Humphreys Musician 40 0 X 123303 0 0 Kathryn Eberle Musician 40 0 X 101039 0 0 979310 0 0 6 0 1 0 Thierry Fischer 10 Avenue du Mervelet Geneva SZ 1209 Symphony Conductor/Music Director 479804 Love Communications 546 South 200 West Salt Lake City UT 84101 Advertising/Media Buying 559740 Deer Valley Resorts PO Box 1525 Park City UT 84060 Food service/Venue rental 306318 William Morris Endeavor Entertainment 11 Madison Avenue New York NY 10010 Artist Management 222877 Peczuh Printing 1633 South 4800 West Salt Lake City UT 84104 Printing 182794 10 X 0 0 385674 0 4345050 8402367 0 13133091 Performance - Symphony 711130 5971832 5971832 0 0 Performance - Opera 711110 1058233 1058233 0 0 0 0 0 0 7030065 1760737 0 0 1760737 0 0 0 0 0 0 0 0 0 942971 0 637774 0 305197 305197 0 0 305197 0 0 77727 47111 170448 -92721 0 -92721 Other 711110 66806 66806 0 0 0 0 0 0 66806 22203175 7096871 0 1973213 X 1689156 962790 420663 305703 10459603 9660910 410048 388645 660350 622206 24964 13180 1433754 1332579 47840 53335 800161 739060 31370 29731 40298 40298 2839523 2836494 3029 1659358 1140116 313706 205536 59541 59541 102274 102274 474711 410845 63866 406690 369714 35099 1877 20098 20098 628 628 288509 80449 208060 64877 64877 Production 1238991 1071732 164980 2279 General & Administration 57486 6619 50867 0 Guild 210574 0 16857 193717 22506582 19233514 2079065 1194003 1485430 1490909 0 0 5833938 4024348 1958372 1723953 0 0 0 0 0 0 0 0 510583 563498 8689260 5386283 3518779 3302977 32001732 32895297 6900 6900 98737 82397 0 0 50848 50848 45465319 44141127 1030897 1539285 0 0 2153437 2533838 0 0 0 0 0 0 0 0 200000 150000 3384334 4223123 X 5993246 5689839 7898134 5066358 28189605 29161807 42080985 39918004 45465319 44141127 X -303407 0 0 0 0 -1859574 X 0 1 X 1 0 X 12819802 13242365 13425120 14783165 13133092 67403544 0 0 0 0 0 0 0 0 0 0 0 0 12819802 13242365 13425120 14783165 13133092 67403544 67403544 1580234 1742153 1214202 1796826 1760737 8094152 0 0 0 0 0 0 51396 56093 50016 65986 66806 290297 75787993 0.88937 0.89204 X Schedule A, Part II, Line 10 Other income from fees, instrument rentals, boutique sales, sheet music rental, and insurance. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 0 0 0 0 0 Schedule C, Part II-B, Line 1 ZAP Reauthorization - a county sales tax of .01% which supports Zoo, Arts, and Parks. 0 1 0 0 0 44855 0 940223 1 1 0 50848 0 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 33602436 181515 2648266 0 1294860 194352 34943005 0.1 0.89 0.01 0 0 0 229500 229500 0 5472471 2983419 2489052 0 330513 85623 244890 0 1199643 978105 221538 0 1457133 1339136 117997 3302977 22334268 0 1045516 0 -1722645 -677129 23011397 0 -808222 -808222 22203175 24497249 1045516 0 0 945151 1990667 22506582 0 0 0 22506582 Schedule D, Part III, Line 1 Paintings, sculptures, and rugs in the common areas at Abravanel Hall. Schedule D, Part III, Line 4 Paintings sculptures, and rugs in the common areas at Abravanel Hall. Schedule D, Part V, Line 4 US&O uses 5% of a 12 quarterly average to help contribute to the program expense of the organization. Schedule D, Part XI, Line 2d Interest and dividends on Endowment $508,014; Realized and unrealized gains/losses $1,230,838; Contributions to Endowment $818,962; Contributions for future use $1,149,821; Release of contributions intended, by donor, for current year ($3,573,677); Endowment Draws ($1,512,607); Government grants for future use $765,076; Release of prior government grants ($1,109,072). Schedule D, Part XI, Line 4b Costume/set rental expenses recognized as an offset to rental revenues on tax return ($637,774); Fundraising event expenses reported on 990 Part VIII Line 8b ($170,448). Schedule D, Part XII, Line 2d Endowment Investment Expenses ($132,497); Temp Restricted Investment Expenses ($5,718); Allowance for Bad Debt ($1,286); Costume/set rental expenses recognized as an offset to rental revenues on tax return ($637.774); Fundraising event expenses reported on 990 Part VII Line 8b ($170,448). Huntsman Gala 463401 385674 77727 0 0 46525 42567 42054 39302 0 0 463401 385674 77727 0 0 46525 42567 42054 39302 170448 -92721 X X 1 1 0 0 0 0 0 0 0 0 0 Paul Meecham President & CEO 124805 0 0 0 0 0 66309 0 43712 0 234826 0 0 0 David Green Senior VP & COO 120662 0 0 0 0 0 10456 0 27385 0 158503 0 0 0 Steve Hogan VP of Finance & CFO 116656 0 0 0 0 0 3679 0 29451 0 149786 0 0 0 Madeline Adkins Concertmaster 70001 0 0 0 0 0 17860 0 28682 0 116543 0 0 0 Ralph Matson Musician 157592 0 0 0 0 0 12044 0 25997 0 195633 0 0 0 Llewellyn Humphreys Musician 123303 0 0 0 0 0 13088 0 29164 0 165555 0 0 0 Kathryn Eberle Musician 101039 0 0 0 0 0 7628 0 14808 0 123475 0 0 0 Mark Davidson Ex-Officio - Musician 91299 0 0 0 0 0 6088 0 13544 0 110931 0 0 0 Lissa Stolz Ex-Officio - Musician 73953 0 0 0 0 0 6088 0 16339 0 96380 0 0 0 Schedule J, Part I, Line 1a Flights for Thierry Fischer and spouse. Key Employees membership to Rotary Club. Tom Love Board Member 559740 Marketing & Advertising 0 Bob Wheaton Board Member 306318 Venue Rental at Deer Valley 1 X 25 1605761 average between high and low on day of donation 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 - $1,650,653; Interest/Dividends - $6,880; Gain from Sale of Assets - $45,977; Unrealized Losses -($22,386); 5% Draw being Released from Board Rstr - ($138,046); Interest/Dividends-Board Restr - $60,621; Realized Gains-Board Restr - $415,174; Unrealized Losses-Board Restr - ($258,136) Form 990, Part IX, Line 11g Guest Artists $1,917,655; Guest Conductors $636,654; Travel $217,199; Misc $68,015. Form 990, Part XI, Line 9 Government grants for future period-temporary restricted - $765,076; Government grants from prior period released to operations - ($1,109,072); Contributions for future period-temporary restricted - $1,149,821; Contributions from prior period released to operations - ($3,573,677); Contributions to endowment-permanent restricted - $818,962; Interest-temporary restricted - $6,889; Interest-permanent restricted - $163,459; Dividends-temporary restricted - $14,131; Dividends-permanent restricted - $323,535; Unrealized losses-temporary restricted - ($90,529); Unrealized losses-permanent restricted - ($2,084,029); Realized gain-temporary restricted - $140,492; Realized gain-permanent restricted - $3,264,904; Draws from endowment-temporary restricted - ($129,430); Draws from endowment-permanent restricted - ($1,383,177); Management and general expenses-temporary restricted - ($5,718); Management and general expenses-permanent restricted - ($132,497); Allowance for bad debts-temporary restricted - $241; Allowance for bad debts-permanent restricted - $1,045.