2018-05-15T13:53:37-05:00 2017-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2016-07-01 952096402 LOS ANGELES OPERA COMPANY % FAITH RAIGUEL LOSA 2139727219 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 FAITH RAIGUEL VICE PRESIDENT/CFO 2139727219 2018-05-15 true Carey McKee P01281067 2139724000 2015-05-10 167.68.102.5 95488420181355000015 2018-05-15 P C8583CA84246FFA299C1DD409047CE8711BA5FB5 4C50ADEA132E82CFA03F0E70DAD47461E3E8F4C4 2016 2021-01-29 14:40:06Z FAITH RAIGUEL 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 45712386 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. 82 74 940 268 0 34743589 29386562 14278420 12815358 219924 1603376 -493098 -304174 48748835 43501122 0 8000 0 0 24910622 25768128 147466 153917 3038855 15202351 16335260 40260439 42265305 8488396 1235817 78761014 79888255 23316601 24496094 55444413 55392161 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 30340894 0 11530126 OPERA From July 1, 2016 through June 30, 2017, the Company produced 38 performances of six operas for nearly 112,000 people, including 48,000 attending preshow educational talks. 4090184 0 1132244 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 Artists Program, as well a recital with world renowned opera singers. See Schedule O. 1246772 8000 152988 Education and Community Outreach Throughout the year, LA Opera produced over 25 unique Education and Community programs, for students, children, families, and senior citizens across the Los Angeles region. Almost 4,000 school students attended dress rehearsals at the Dorothy Chandler Pavillion. Over 7,000 students and seniors attended main stage performances through our Community Circle program at little or no cost. See Schedule O. 35677850 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 false false false true false false false false false false false false true 242 0 true 940 true false false false false false true true false false false false X 82 74 true false false false false false false true true false false false true true true true true true true false CA X X FAITH RAIGUEL 2139727219 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 Milan Panic Vice Chairman (thru 6/7/17) 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 James R Asperger Director 2.0 0.0 X 0 0 0 Haig S Bagerdjian Director 2.0 0.0 X 0 0 0 Jill Baldauf Director (thru 6/7/17) 2.0 0.0 X 0 0 0 David Barry Director (thru 6/18/17) 2.0 0.0 X 0 0 0 Beatrice Bennett Director 2.0 0.0 X 0 0 0 Adele H Binder Director 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 (thru 6/7/17) 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 934887 0 131329 Robert T Cook Director 2.0 0.0 X 0 0 0 Mark H Dalzell Director 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 1622201 0 70833 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 (As Of 6/7/17) 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 2.0 0.0 X 0 0 0 Lawrence A Kern Director 2.0 0.0 X 0 0 0 Gayle Kirschbaum Director (As Of 6/7/17) 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 Keith R Leonard Jr Director 2.0 0.0 X 0 0 0 Claude Mann Director 2.0 0.0 X 0 0 0 Bryan Moeller Director 2.0 0.0 X 0 0 0 Carlos A Mollura Director 2.0 0.0 X 0 0 0 Steven Nagelberg Director (thru 6/7/17) 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 E Randol Schoenberg Director (thru 6/7/17) 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 Eugene P Stein Director 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 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 (As Of 12/14/16) 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 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 525000 0 10611 John Nuckols Executive Vice President 40.0 0.0 X 307675 0 6103 Faith Raiguel VICE PRESIDENT, CFO 40.0 0.0 X 250769 0 10103 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 40.0 0.0 X 230000 0 9711 Rupert Hemmings V.P., ARTISTIC PLANNING 40.0 0.0 X 206904 0 13058 Stacy C Brightman PhD V.P., ED. & COMM. ENGAGEMENT 40.0 0.0 X 117019 0 7479 Joshua Winograde SR DIRECTOR, ARTISTIC PLANNING 40.0 0.0 X 189231 0 12723 Patricia McLeod Senior Director, Development 40.0 0.0 X 165212 0 12137 Grant Gershon RESIDENT CONDUCTOR, PERFORMER 25.0 0.0 X 163000 0 3617 Jeff Kleeman Technical Director 40.0 0.0 X 149864 0 11839 Fran Maldonado-Rizzi Director of Public Relations 40.0 0.0 X 143200 0 11782 5004962 0 311325 24 false true true MARINGO USA LLC 425 E 58TH ST 21F NEW YORK NY 10022 DIR/PERFORMANCE FEES 1622201 AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 DIR/CONDUCTOR 934887 STUDIO SERENO 5015 ALHAMBRA AVE LOS ANGELES CA 90032 SET/PROP BUILDING 292475 KPMG LLP PO BOX 120922 DALLAS TX 75312 AUDIT/TAX FEES 183931 SPECIAL OCCASIONS EVENT PLANNING 357 S ROBERTSON BLVD BEVERLY HILLS CA 90211 EVENT PLANNING 123782 11 1024508 1622936 26739118 1673324 29386562 Ticket Sales and Fees 711190 11530126 11530126 RECITALS 611710 812630 812630 OFF-GRAND PROJECT 711190 257337 257337 Outreach Income 711190 152988 152988 Broadcast Licensing 711190 40426 40426 21851 21851 12815358 1601569 1601569 0 0 0 0 0 1607232 1605425 1807 1807 1807 60807 1024508 605839 -545032 -545032 0 0 0 0 0 0 Workers Compensation Rebate 900099 134830 134830 PROPERTY TAX REFUNDS 900099 96068 96068 REFUND OF PRIOR YEAR OVERPAYMENTS 900099 7508 7508 2452 2452 240858 43501122 12815358 1299202 0 8000 8000 0 0 4026288 3451639 260871 313778 0 16714603 14515534 798794 1400275 102846 68558 15126 19162 3158638 2986800 66401 105437 1765753 1557431 83446 124876 0 4865 4625 240 135719 135719 0 153917 153917 100969 100969 4577064 4246712 255484 74868 1722386 1647767 5259 69360 495269 334645 85890 74734 172564 68234 103251 1079 207557 207557 2095002 1822765 267989 4248 1053054 909113 81334 62607 0 24861 16889 2109 5863 545135 545135 0 242035 134166 107869 261172 12350 248822 PHYSICAL PRODUCTION COSTS 2649287 2626427 20000 2860 SPECIAL PROGRAMS 682001 224071 2070 455860 Credit Card Discounts 467460 311466 64994 91000 OTHER CONSULTING FEES 158857 75273 69565 14019 740003 447828 227503 64672 42265305 35677850 3548600 3038855 833072 740571 0 0 44389223 42603896 303722 194903 0 0 0 0 0 0 0 0 1763117 1447987 7730657 6805238 799605 925419 0 0 17009252 19190924 0 0 0 0 13663023 14784555 78761014 79888255 4552849 4821692 0 0 6758532 6707735 0 0 0 0 8228698 5966667 3776522 7000000 0 0 0 0 23316601 24496094 X -14181614 -9841766 29166199 30766240 40459828 34467687 55444413 55392161 78761014 79888255 X 1235817 1968720 -3256789 X false true X true false X 38789374 47132944 28208395 34743589 29386562 178260864 12954757 14780948 11110681 14278420 12815358 65940164 0 0 0 51744131 61913892 39319076 49022009 42201920 244201028 16382364 27457221 11283185 17219504 14338311 86680585 0 16382364 27457221 11283185 17219504 14338311 86680585 157520443 1277472 860166 513939 218394 1601569 4471540 0 1277472 860166 513939 218394 1601569 4471540 0 313036 340950 499499 333393 301665 1788543 53334639 63115008 40332514 49573796 44105154 250461111 0.62892 0.65413 0.01785 0.01449 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17009252 5176090 2542504 5536922 19190924 15562617 2632284 -550972 634677 17009252 13996165 1861493 259312 554353 15562617 12216859 697000 1666737 584431 13996165 11363352 197000 1154124 497617 12216859 0.91900 0.08100 true false 632686 422910 209776 6744825 6062128 682697 353146 320200 32946 925419 MUSIC CTR FDTN UNITIZED INV PL 19190924 F 19190924 BENEFICIAL INTEREST IN TRUST 14699909 DEPOSITS 71441 FABRIC INVENTORY 13205 14784555 46904442 1968720 603368 1123841 3695929 43208513 100969 191640 292609 43501122 46956694 603368 4210197 4813565 42143129 100969 21207 122176 42265305 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 2016, 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 $ 1,123,841 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 $ 1,807 In-Kind Goods not recorded on financials $ 19,400 RESERVE FUND ADJUSTMENT $ 170,433 ------------ TOTAL $ 191,640 EXPENSES ON AUDITED FINANCIALS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XII, LINE 2D Write off of Uncollectible Pledges $ 1,460,739 Adjustment for Prior Year Advanced Distributions $ 2,749,458 ------------- TOTAL $ 4,210,197 EXPENSES ON FORM 990, NOT AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XII, LINE 4B In-Kind Goods not recorded on financials $ 19,400 Gross up Securities Gain netted against Exp $ 1,807 ------------ TOTAL $ 21,207 X X X X X X X true SDA TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING false 294240 148145 146095 THEATER DIRECT INC 4213 BURBANK BLVD BURBANK CA 91505 TELEMRKTING false 54267 5711 48556 348507 153856 194651 CA 16/17 OPEN GALA 682020 635616 46404 42 95166 16400 430481 16/17 DOM AWAR 298713 291900 6813 42 27185 6800 29723 1 104582 96992 7590 1085315 1024508 60807 84 122351 23200 460204 605839 -545032 true SALOME 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 2017, THE OPERA HELD A POSTER CONTEST FOR THE OPERA SALOME. 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 725002 0 0 0 209885 0 0 0 131329 0 1066216 0 202915 0 Placido Domingo DIRECTOR. SEE SCH. J, PT. III 995117 0 0 0 627084 0 70833 0 0 0 1693034 0 602084 0 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 350000 0 175000 0 0 0 5300 0 5311 0 535611 0 0 0 John Nuckols Executive Vice President 297675 0 10000 0 0 0 5300 0 803 0 313778 0 0 0 Faith Raiguel VICE PRESIDENT, CFO 240769 0 10000 0 0 0 4815 0 5288 0 260872 0 0 0 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 220000 0 10000 0 0 0 4400 0 5311 0 239711 0 0 0 Rupert Hemmings V.P., ARTISTIC PLANNING 205404 0 1500 0 0 0 4108 0 8950 0 219962 0 0 0 Joshua Winograde SR DIRECTOR, ARTISTIC PLANNING 189231 0 0 0 0 0 3785 0 8938 0 201954 0 0 0 Patricia McLeod Senior Director, Development 162212 0 3000 0 0 0 3244 0 8893 0 177349 0 0 0 Grant Gershon RESIDENT CONDUCTOR, PERFORMER 163000 0 0 0 0 0 3260 0 357 0 166617 0 0 0 Jeff Kleeman Technical Director 148364 0 1500 0 0 0 2967 0 8872 0 161703 0 0 0 Fran Maldonado-Rizzi Director of Public Relations 142000 0 1200 0 0 0 2840 0 8942 0 154982 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 2016 INCLUDES GENERAL DIRECTOR FEES OF $1,381,251, OF WHICH $602,084 IN FEES WERE DEFERRED FROM CALENDAR YEAR 2015, AS WELL AS PERFORMANCE FEES OF $215,950. GENERAL DIRECTOR FEES OF $70,833 WERE DEFERRED TO CALENDAR YEAR 2017. 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 2016 INCLUDES MUSIC DIRECTOR FEES OF $527,917, OF WHICH $202,915 WAS DEFERRED FROM 2015, AS WELL AS CONDUCTING FEES OF $400,000. CONLON ALSO RECEIVED TRAVEL REIMBURSEMENTS OF $4,870 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 5000000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 1050000 516667 false false true MARC STERN BOARD MEMBER OPERATIONS X 350000 350000 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 5966667 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. X 21 606916 AVG VAL DATE DONATED X 1 1000316 APPRAISAL X Wine 2 61092 RETAIL PRICE X Cosmetics 1 5000 RETAIL PRICE 1 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. 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 $5,066,109 AND $4,339,848 IN 15-16 AND 16-17, 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 5,000 AUDIENCE MEMBERS. IN ITS THIRD YEAR, THE SIMULCAST PROJECT, FUNDED BY THE COUNTY OF LOS ANGELES, BROADCAST MACBETH LIVE IN HIGH-DEFINITION TO THE BIG SCREEN AT THE SANTA MONICA PIER AND SOUTH GATE PARK ON OCTOBER 5, 2016 FREE OF CHARGE TO AN AUDIENCE OF OVER 3,300. 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, TWELVE ARTISTS WERE GIVEN 44 MAIN-STAGE ASSIGNMENTS (ROLES, COVERS) AND PERFORMED IN MORE THAN 15 RECITALS THROUGHOUT THE COMMUNITY. CATHEDRAL PROJECT DURING THE YEAR THE COMPANY PRESENTED TWO PERFORMANCES OF NOAH'S FLOOD AT THE CATHEDRAL OF OUR LADY OF THE ANGELS. A TOTAL OF 450 COMMUNITY MEMBERS OF ALL AGES WERE ENGAGED AS SINGERS AND MUSICIANS. THESE PERFORMANCES WERE PRESENTED FREE OF CHARGE TO APPROXIMATELY 6,450 ATTENDEES. RADIO BROADCASTS LA OPERA HAS A SERIES OF LOCAL AND NATIONAL RADIO BROADCASTS. THE NATIONALLY SYNDICATED 2016-2017 SERIES INCLUDED BROADCASTS OF 5 OPERAS ON 357 STATIONS, WITH AN ESTIMATED LISTENERSHIP OF 2.42 MILLION. LA OPERAS BROADCAST SEASON FEATURED VERDIS MACBETH, OFFENBACHS THE TALES OF HOFFMAN, ROSSINIS BARBER OF SEVILLE, MOZARTS THE MARRIAGE OF FIGARO, AND JOHN CORIGLIANOS THE GHOSTS OF VERSAILLES. PROGRAM SERVICE, CONTINUED FORM 990, PART III, LINE 4C IN SCHOOL OPERA BROUGHT WEEKLY WORKSHOPS TO 22 ELEMENTARY AND SECONDARY SCHOOLS, WHERE OVER 1,300 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 3,000 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 160 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 13 HOSPITALS AND SENIOR HOMES, AND WAS LIVE-STREAMED TO 1,500 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 132,000 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 AUGUST 30, 2016 WHICH REVIEWED AND APPROVED COMPENSATION PACKAGES FOR THE FISCAL YEAR ENDED JUNE 30, 2017. 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 BENEFICIAL INTEREST DISTRIBUTION ADJUSTMENT $ (170,433) CHANGE IN VALUE BENEFICIAL INTEREST IN 1,123,841 PERPETUAL TRUST UNCOLLECTIBLE PLEDGES ON RECEIVABLES (1,460,739) ADJUSTMENT FOR PRIOR YEAR ADVANCED DISTRIBUTIONS (2,749,458) ------------- TOTAL $(3,256,789) 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 INLCUDED ARE CHANGES IN DISCOUNT TO RECOGNIZE NEW AND EXISTING LONG TERM PLEDGES AT PRESENT VALUE. THE TOTAL CHANGE IN DISCOUNT IS $4,041,632. 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. FORM 990 PART IX LINE 11G DESCRIPTION:ARTIST FEES TOTAL FEES:3799631 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL SERVICES FEES TOTAL FEES:132998 FORM 990 PART IX LINE 11G DESCRIPTION:TCKT SALES TELEMARKETING FEES TOTAL FEES:252827 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL CONSULTING FEES TOTAL FEES:245317 FORM 990 PART IX LINE 11G DESCRIPTION:FRONT OF HOUSE VENDOR FEES TOTAL FEES:146291