2017-05-11T16:23:39-05:00 2016-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2015-07-01 952096402 LOS ANGELES OPERA COMPANY % FAITH RAIGUEL LOSA 2139727219 135 North Grand Avenue Los Angeles CA 90012 FAITH RAIGUEL VICE PRESIDENT/CFO 2139727219 2017-05-11 true Carey McKee P01281067 2139724000 2017-05-11 2015 2021-01-29 14:40:06Z FAITH RAIGUEL 135 N Grand Avenue Los Angeles CA 900123013 50316257 false X WWW.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. 86 77 1028 305 0 0 28208395 34743589 11110681 14278420 558936 219924 -50828 -493098 39827184 48748835 0 0 0 0 25580460 24910622 155463 147466 2980988 15985499 15202351 41721422 40260439 -1894238 8488396 78171247 78761014 28191197 23316601 49980050 55444413 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 29270699 12826811 OPERA From July 1, 2015 through June 30, 2016, the Company produced 38 performances of six operas for nearly 109,000 people, including 49,000 attending preshow educational talks. 3427556 1345371 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 several recitals with world renowned musicians and opera singers. See Schedule O. 1241094 106238 Education and Community Outreach Throughout the year, LA Opera produced over 30 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 Pavilion. Over 6,000 students and seniors attended main stage performances through our Community Circle program at little or no cost. See Schedule O. 33939349 true true false false false false false false false true true true false true false true true false false false false false false true true false false false false true false false false true false false false false true false false false false false false false false true 257 0 true 1028 true false false false false false true true false false false false X 86 77 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 Chair 10.0 0.0 X X 0 0 0 Carol F Henry Chair Executive Committee 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 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 C Baldauf Director 2.0 0.0 X 0 0 0 David N Barry Director 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 PhD Director (As Of 7/1/16) 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 771515 0 312375 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 (As Of 6/22/2016) 2.0 0.0 X 0 0 0 Placido Domingo DIRECTOR. SEE SCH. J, PT. III 20.0 0.0 X 528245 0 602084 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 (As Of 6/22/2016) 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 (As Of 6/22/2016) 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 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 Judge Judith Hollinger Director (Thru 06/04/16) 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 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 (As Of 9/21/2015) 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 Dr Steven Nagelberg Director 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 (As Of 6/22/2016) 2.0 0.0 X 0 0 0 Harold B Ray Director 2.0 0.0 X 0 0 0 Courtney Reum Director (As Of 9/21/2015) 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 (As Of 3/7/2016) 2.0 0.0 X 0 0 0 Heinz Schelbert Director (As Of 6/22/2016) 2.0 0.0 X 0 0 0 E Randol Schoenberg 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 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 Sandra W Terner 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 Regina Weingarten Director (As of 12/15/2015) 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 475000 0 10682 Faith Raiguel VICE PRESIDENT, CFO 40.0 0.0 X 259615 0 13447 John Nuckols Executive Vice President 40.0 0.0 X 294215 0 5932 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 40.0 0.0 X 220000 0 9882 Grant Gershon Resident Conductor, performer 25.0 0.0 X 199500 0 4347 Rupert Hemmings Senior Director, Production 40.0 0.0 X 197850 0 12997 Joshua Winograde SR DIRECTOR, ARTISTIC PLANNING 40.0 0.0 X 175000 0 12528 Patricia McLeod Senior Director, Development 40.0 0.0 X 155000 0 12082 Jeff Kleeman Technical Director 40.0 0.0 X 146255 0 11887 3422195 0 1008243 11 false true true AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 GEN DIR/CONDUCTOR 771516 MARINGO USA LLC 425 E 58TH ST 21F NEW YORK NY 10022 MUS DIR/PERFORMANCE 528245 POMEGRANATE ARTS 1140 BROADWAY 3-5 NEW YORK NY 10001 PRODUCTION COMPANY 290000 SPECIAL OCCASIONS EVENT PLANNING 357 S ROBERTSON BLVD BEVERLY HILLS CA 90211 EVENT PLANNING 170342 KPMG LLP PO BOX 120922 DALLAS TX 75312 AUDIT/TAX FEES 111777 7 2866184 136010 31741395 767289 34743589 Ticket Sales and Fees 711190 12826811 12826811 Off-Grand Project 711190 568084 568084 Recitals 611710 518655 518655 Broadcast Licensing 711190 152989 152989 Outreach Income 711190 106238 106238 105643 105643 14278420 216971 216971 0 1423 1423 0 0 0 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15562617 2632284 -550972 634677 17009252 13996165 1861493 259312 554353 15562617 12216859 697000 1666737 584431 13996165 11363352 197000 1154124 497617 12216859 12488289 65000 -668431 521506 11363352 0.00000 0.98130 0.01870 true false 519032 391549 127483 6521358 5856467 664891 322418 315187 7231 799605 MUSIC CTR FDTN UNITIZED INV PL 17009252 F 17009252 BENEFICIAL INTEREST IN TRUST 13576068 DEPOSITS 72682 FABRIC INVENTORY 14273 13663023 0 0 X 47737518 -726521 518498 -416047 -624070 48361588 115164 272083 387247 48748835 42273155 518498 1639510 2158008 40115147 115164 30128 145292 40260439 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 2015, 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. FIN 48 (ASC 740) FOOTNOTE FORM 990, SCHEDULE D, PART X, LINE 2 THE OPERA FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740-10, INCOME-TAXES - OVERALL, RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INTERPRETATION REQUIRES THAT THE ENTITY ACCOUNT FOR AND DISCLOSE IN THE FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF JUNE 30, 2016 AND 2015, THE OPERA HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL OR DISCLOSURE. 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 $ (416,047) 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 (Rev) $ 1,439 In-Kind Goods not recorded on financials (rev) $ 30,128 RESERVE FUND ADJUSTMENT $ 240,516 ------------ TOTAL $ 272,083 EXPENSES ON AUDITED FINANCIALS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XII, LINE 2D Write off of Uncollectible Pledges $ 1,640,949 Gross up of Sec Gain netted against Exp (Exp) $ (1,439) ---------- TOTAL $ 1,639,510 X X X X X X X true SDA TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING false 318598 142140 176458 THEATER DIRECT INC 4213 BURBANK BLVD BURBANK CA 91505 TELEMRKTING false 42551 5326 37225 361149 147466 213683 CA OPEN NIGHT GALA 1289004 1184278 104726 42 109356 15800 473991 ON STAGE GALA 1429570 1343950 85620 42 79806 8025 140852 1 375537 337956 37581 3094111 2866184 227927 84 189162 23825 614843 827914 -599987 Form 990, Schedule G, Part I, Line 2b ADDRESS OF FUNDRAISER SD&A TELESERVICES, INC. 5757 WEST CENTURY BLVD., STE 300 LOS ANGELES, CA 90045 THEATER DIRECT INC. 4213 BURBANK BLVD. BURBANK, CA 91505 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 687083 0 0 0 84432 0 202915 0 109460 0 1083890 0 0 0 Placido Domingo DIRECTOR. SEE SCH. J, PT. III 339327 0 0 0 188918 0 602084 0 0 0 1130329 0 0 0 Christopher Koelsch EX.OFFICIO DIR, PRES & CEO 350000 0 125000 0 0 0 5200 0 5482 0 485682 0 0 0 Faith Raiguel VICE PRESIDENT, CFO 250000 0 9615 0 0 0 5000 0 8447 0 273062 0 0 0 John Nuckols Executive Vice President 294215 0 0 0 0 0 5200 0 732 0 300147 0 0 0 Diane Rhodes Bergman VICE PRESIDENT, MKTG & COMM 220000 0 0 0 0 0 4400 0 5482 0 229882 0 0 0 Grant Gershon Resident Conductor, performer 199500 0 0 0 0 0 3990 0 357 0 203847 0 0 0 Rupert Hemmings Senior Director, Production 197850 0 0 0 0 0 3957 0 9040 0 210847 0 0 0 Joshua Winograde SR DIRECTOR, ARTISTIC PLANNING 175000 0 0 0 0 0 3500 0 9028 0 187528 0 0 0 Patricia McLeod Senior Director, Development 155000 0 0 0 0 0 3100 0 8982 0 167082 0 0 0 Jeff Kleeman Technical Director 146255 0 0 0 0 0 2925 0 8962 0 158142 0 0 0 COMPENSATION INFORMATION Form 990, Schedule J, Part I, Line 1a FIRST CLASS TRAVEL IS SOMETIMES PROVIDED TO PLACIDO DOMINGO AND JAMES CONLON. THIS TRAVEL IS CONDUCTED FOR BUSINESS PURPOSES AND IS NOT TREATED AS TAXABLE COMPENSATION TO DOMINGO OR CONLON AS IT IS A BUSINESS EXPENSE OF THE ORGANIZATION. LIMITED TRAVEL IS PROVIDED TO MEMBERS OF CONLON'S FAMILY SUBJECT TO RESTRICTIONS. TRAVEL FOR CONLON'S FAMILY IS INCLUDED IN HIS 1099 REPORTABLE COMPENSATION. FORM 990, SCHEDULE J, PART II TOTAL COMPENSATION FOR PLACIDO DOMINGO IN THE CALENDAR YEAR 2015 INCLUDES GENERAL DIRECTOR FEES OF $378,245, OF WHICH $188,918 IN FEES WERE DEFERRED FROM CALENDAR YEAR 2014, AS WELL AS PERFORMANCE FEES OF $150,000. GENERAL DIRECTOR FEES OF $602,084 WERE DEFERRED TO CALENDAR YEAR 2016. ANY PAYMENTS FOR SERVICES PROVIDED BY DOMINGO WERE MADE TO HIS COMPANY, MARINGO, LLC, AN ORGANIZATION UNRELATED TO THE OPERA. TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2015 INCLUDES MUSIC DIRECTOR FEES OF $525,417, OF WHICH $80,833 WAS DEFERRED FROM 2014, AS WELL AS CONDUCTING FEES OF $242,500. CONLON ALSO RECEIVED TRAVEL REIMBURSEMENTS OF $3,599 WHICH IS INCLUDED IN HIS 1099 REPORTABLE COMPENSATION. MUSIC DIRECTOR FEES OF $202,915 WERE DEFERRED TO CALENDAR YEAR 2016. ANY PAYMENTS FOR SERVICES PROVIDED BY CONLON WERE MADE TO HIS COMPANY, AMADEUS MUSIC PRODUCTION CORP, AN ORGANIZATION UNRELATED TO THE OPERA. ROBERT RONUSSEE NOTE BOARD MEMBER OPERATIONS X 6000000 6000000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 1550000 1516667 false false true MARC STERN BOARD MEMBER OPERATIONS X 678698 612031 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 BOARD MEMBER OPERATIONS X 100000 33333 false false true FRANK BAXTER BOARD MEMBER OPERATIONS X 50000 16667 false false true 8228698 LOANS FROM INTERESTED PERSONS FORM 990, SCHEDULE L, PART II, COLUMN (A) THE LOAN WITH ROBERT RONUS FOR $6,000,000 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 11 737161 AVG VAL DATE DONATED X WINE 2 25128 RETAIL PRICE X COSMETICS 1 5000 RETAIL PRICE 0 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. 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 $109,090 AND $5,066,109 IN 14-15 AND 15-16 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 THE LA OPERA OFF GRAND INITIATIVE 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 ALSO PARTNERS WITH OTHER LOCAL ARTS ORGANIZATIONS TO CO-PRODUCE CONTEMPORARY OPERA AT VARIOUS PERFORMANCE VENUES. THE OFF GRAND PERFORMANCES AND PROGRAMS REACHED AN ADDITIONAL 7,000 AUDIENCE MEMBERS. IN ITS SECOND YEAR, THE SIMULCAST PROJECT, FUNDED BY THE COUNTY OF LOS ANGELES, BROADCAST GIANNI SCHICCHI AND PAGLIACCI LIVE IN HIGH-DEFINITION TO A BIG SCREEN AT THE SANTA MONICA PIER ON OCTOBER 3, 2015 TO AN AUDIENCE OF OVER 4,000. Domingo-Colburn-Stein Young Artist Program CREATED BY PLACIDO DOMINGO, 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 PERFORMANCES. DURING THE YEAR, TWELVE ARTISTS WERE GIVEN 36 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 THE FESTIVAL PLAY OF DANIEL AT THE CATHEDRAL OF OUR LADY OF THE ANGELS. A TOTAL OF 455 COMMUNITY MEMBERS OF ALL AGES WERE ENGAGED AS SINGERS AND MUSICIANS. THREE PERFORMANCES WERE PRESENTED FREE OF CHARGE TO APPROXIMATELY 6,400 ATTENDEES. Radio Broadcasts LA OPERA HAS A SERIES OF LOCAL AND NATIONAL RADIO BROADCASTS. THE 2015-2016 SERIES INCLUDED BROADCASTS OF 5 OPERAS ON 344 STATIONS, WITH AN ESTIMATED LISTENERSHIP OF OVER 3 MILLION. OPERALIA IN AUGUST OF 2015, LA OPERA WAS THE HOST OF AN ANNUAL INTERNATIONAL VOCAL COMPETITION FOUNDED BY PLACIDO DOMINGO. THE COMPETITION'S MISSION IS TO DISCOVER THE BEST EMERGING YOUNG OPERA SINGERS. IT BROUGHT 40 OF THE WORLD'S MOST PROMISING YOUNG SINGERS TO COMPETE ON STAGE OVER THE COURSE OF ONE WEEK. OUT OF MORE THAN A THOUSAND INITIAL APPLICANTS, TEN SINGERS WERE SELECTED FOR THE FINAL ROUND OF COMPETITION, WHICH TOOK THE FORM OF A CONCERT WITH PLACIDO DOMINGO CONDUCTING THE LA OPERA ORCHESTRA. PROGRAM SERVICE, CONTINUED Form 990, Part III, Line 4c "IN SCHOOL OPERA" BROUGHT WEEKLY WORKSHOPS TO 22 ELEMENTARY AND SECONDARY SCHOOLS, WHERE OVER 1,200 STUDENTS LEARNED TO PERFORM IN AND PRODUCE OPERA, AND THEN PERFORMED THE OPERA AT THEIR SCHOOL ALONGSIDE PROFESSIONAL ARTISTS FOR AUDIENCES OF FELLOW STUDENTS AND THEIR FAMILIES, ACROSS ALL SCHOOLS TOTALING MORE THAN 15,000. "VOICES FOR TOLERANCE", A YEAR-LONG PROGRAM FOR ALMOST 400 STUDENTS, PROVIDED WEEKLY SESSIONS THAT TEACH CHORAL MUSIC AND PERFORMANCE, AS WELL AS DISCUSS DIVERSITY AND TOLERANCE. MORE THAN 3,500 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 240 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 HOSPITAL PROJECT; LA OPERA AT THE LIBRARY; THE ZARZUELA AND SENIOR DRESS REHEARSALS AMONG MANY OTHERS. LA OPERA'S COMMUNITY ENGAGEMENT PROGRAMS BROUGHT UNDERSERVED COMMUNITY GROUPS TO MAINSTAGE PERFORMANCES AT LITTLE OR NO COST AND ENGAGED THOUSANDS MORE IN A NUMBER OF OTHER PROGRAMS, IN TOTAL REACHING OVER 139,000 COMMUNITY MEMBERS. 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 POLICY FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD FOR BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. ANY PROPOSED TRANSACTION WHERE THERE IS, OR MAY BE, A CONFLICT OF INTEREST WITH A BOARD MEMBER, IS DISCUSSED AND SUBJECT TO APPROVAL BY THE BOARD. A CONFLICT OF INTEREST WITH A STAFF MEMBER IS REVIEWED AND SUBJECT TO APPROVAL BY THE PRESIDENT. ALSO, A PERSONALIZED LETTER TO EACH BOARD MEMBER, SIGNED BY THE CHAIRMAN OF THE BOARD, WAS CIRCULATED SPECIFICALLY REQUESTING REVIEW OF THE POLICY WHICH WAS ATTACHED, AS WELL AS REQUESTING RESPONSE TO A QUESTIONNAIRE. EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE SENDS A COMPLETED QUESTIONNAIRE TO THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICT WAS DISCUSSED WITH THE INDIVIDUAL, THE CHAIRMAN OF THE BOARD AND THE CHIEF EXECUTIVE OFFICER. THE CFO AND BOARD SECRETARY DETERMINE WHETHER THERE MAY BE A CONFLICT. IF A CONFLICT MAY EXIST, THE BOARD CHAIR DETERMINES WHETHER THERE SHOULD BE A FULL BOARD REVIEW. THE INDIVIDUAL WITH THE CONFLICT ABSTAINS FROM THE BOARD'S DELIBERATION. 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 JUNE 20, 2016. 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. RECONCILIATION OF NET ASSETS Form 990, Part XI, Line 9 RESERVE FUND PAYMENT ADJUSTMENT $ (240,516) CHANGE IN VALUE OF BENEFICIAL INTEREST IN $ (416,047) PERPETUAL TRUST WRITE OFF OF UNCOLLECTIBLE PLEDGES $ (1,640,949) ------------- TOTAL $ (2,297,512) SCHEDULE B CONTRIBUTIONS FORM 990, SCHEDULE B CONSISTENT WITH INSTRUCTIONS FOR THE 990 RETURN, 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 $3,324,512. 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 FOR SERVICES PROVIDED BY JAMES CONLON AND PLACIDO DOMINGO, RESPECTIVELY. SEE SCHEDULE J FOR FURTHER INFORMATION.