2016-05-13T16:47:19-05:00 2015-06-30 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2014-07-01 952096402 LOS ANGELES OPERA COMPANY % FAITH RAIGUEL LOSA 2139727219 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 FAITH RAIGUEL VICE PRESIDENT/CFO 2139727219 2016-05-13 true CAREY MCKEE P01281067 2139724000 2014 2016-08-17 19:52:53Z FAITH RAIGUEL 135 N GRAND AVENUE LOS ANGELES CA 90012 40664731 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. 78 66 935 249 0 47132944 28208395 14780948 11110681 803000 558936 -192764 -50828 62524128 39827184 0 0 0 0 25558875 25580460 140205 155463 2807577 15618737 15985499 41317817 41721422 21206311 -1894238 82455499 78171247 24388473 28191197 58067026 49980050 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 30874483 10460331 OPERA From July 1, 2014 through June 30, 2015, the Company produced 37 performances of six operas for nearly 102,000 people, including 52,000 attending preshow educational talks. 3500883 416641 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", and OPERALIA, AN INTERNATIONAL COMPETITION. See Schedule O. 1276307 233709 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. Over 8,300 school students attended matinee performances both at the Dorothy Chandler Pavilion as well as other local venues. See Schedule O. 35651673 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 true true true true false false false false false false false false true 230 0 true 935 true false false false false false true true false false false false X 78 66 true false false false false false false true true false false false true true true true true true true false CA 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 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 MARVIN ANTONOWSKY DIRECTOR (THRU 4/7/15) 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 (AS OF 9/5/14) 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 (AS OF 6/22/15) 2.0 0.0 X 0 0 0 DR CAROL E CASS DIRECTOR 2.0 0.0 X 0 0 0 JOYCE CHERNICK DIRECTOR 2.0 0.0 X 0 0 0 WALTER J CONN DIRECTOR (THRU 9/18/14) 2.0 0.0 X 0 0 0 ROBERT T COOK DIRECTOR 2.0 0.0 X 0 0 0 KATHY CRANDALL DIRECTOR (THRU 6/30/15) 2.0 0.0 X 0 0 0 MARK H DALZELL DIRECTOR 2.0 0.0 X 0 0 0 MARI L DANIHEL DIRECTOR (THRU 4/1/15) 2.0 0.0 X 0 0 0 LESLIE A DORMAN DIRECTOR 2.0 0.0 X 0 0 0 GEOFF EMERY 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 (AS OF 6/22/15) 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 RUTH R GOLD DIRECTOR 2.0 0.0 X 0 0 0 BRINDELL ROBERTS GOTTLIEB 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 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 ROBERT KUPPENHEIMER DIRECTOR (THRU 6/22/15) 2.0 0.0 X 0 0 0 EDWARD A LANDRY DIRECTOR 2.0 0.0 X 0 0 0 CLAUDE MANN DIRECTOR 2.0 0.0 X 0 0 0 CATHERINE MARCUS DIRECTOR (THRU 6/22/15) 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 (AS OF 9/5/14) 2.0 0.0 X 0 0 0 HAROLD B RAY DIRECTOR 2.0 0.0 X 0 0 0 BARRY A SANDERS DIRECTOR 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 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 GEOFFREY P WHARTON DIRECTOR (AS OF 12/10/14) 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 (AS OF 6/22/15) 2.0 0.0 X 0 0 0 PLACIDO DOMINGO DIRECTOR, GEN DIR, PERFORMER 20.0 0.0 X 955449 0 283334 JAMES CONLON EX.OFFICIO DIR,MUSIC DIR,COND. 20.0 0.0 X 1043280 0 33390 CHRISTOPHER KOELSCH EX.OFFICIO DIR, PRES & CEO 40.0 0.0 X X 406259 0 11114 FAITH RAIGUEL VICE PRESIDENT, CFO 40.0 0.0 X 267946 0 15363 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 40.0 0.0 X 309555 0 6111 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 40.0 0.0 X 220755 0 11821 GRANT GERSHON RESIDENT CONDUCTOR 40.0 0.0 X 194308 0 4311 RUPERT HEMMINGS SENIOR DIRECTOR, PRODUCTION 40.0 0.0 X 186534 0 13881 JOSHUA WINOGRADE SR DIRECTOR, ARTISTIC PLANNING 40.0 0.0 X 169791 0 13512 HAROLD E CONROY STAGEHAND 40.0 0.0 X 167646 0 33234 PATRICIA MCLEOD SENIOR DIRECTOR, DEVELOPMENT 40.0 0.0 X 156751 0 13182 4078274 0 439253 27 false true true AMADEUS MUSIC PRODUCTION CORP 1 PENN PLAZA SUITE 2615 NEW YORK NY 10019 DIR/CONDUCTOR/COACH 1046600 MARINGO USA LLC 425 E 58TH ST 21F NEW YORK NY 10022 DIR/PERFORMANCE FEES 1007199 STUDIO SERENO 5015 ALHAMBRA AVE LOS ANGELES CA 90032 PRODUCT DESIGN BLD 154780 SPECIAL OCCASIONS EVENT PLANNING 357 S ROBERTSON BLVD BEVERLY HILLS CA 90211 EVENT PLANNING 138180 ARTURO CHACON CRUZ 3600 MYSTIC POINT DRIVE 1716 AVENTURA FL 33180 ARTIST FEES 131450 8 X 1522522 2046687 24639186 332558 28208395 Ticket Sales and Fees 711190 10460331 10460331 OFF-GRAND INITIATIVE 711190 216501 216501 COSTUME SALES 900099 133684 133684 OUTREACH INCOME 611710 100025 100025 OPERALIA (SEE SCHEDULE O) 711190 89891 89891 110249 110249 11110681 512177 512177 0 1762 1762 0 0 0 319298 12919 285458 33840 12919 46759 46759 161557 1522522 552089 -390532 -390532 0 0 WORKERS COMPENSATION REBATE 900099 107287 107287 RETIREMENT FORFEITURES 900099 31558 31558 REFUND OF PRODUCTION DEPOSIT 900099 26706 26706 172391 172391 337942 39827184 11110681 508108 0 0 0 0 3284362 2685350 283346 315666 0 17300630 15122343 906811 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49980050 82455499 78171247 X -1894238 -15911 -6176827 X false true X true false X 29582773 22377871 38789374 47132944 28208395 166091357 11690095 11066497 12954757 14780948 11110681 61602978 0 0 0 41272868 33444368 51744131 61913892 39319076 227694335 11583613 5713999 16382364 27457221 11283185 72420382 0 11583613 5713999 16382364 27457221 11283185 72420382 155273953 340500 616451 1277472 860166 513939 3608528 0 340500 616451 1277472 860166 513939 3608528 0 153055 186996 313036 340950 499499 1493536 41766423 34247815 53334639 63115008 40332514 232796399 0.66700 0.53500 0.01550 0.01300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13996165 1861493 259312 554353 15562617 12216859 697000 1666737 584431 13996165 11363352 197000 1154124 497617 12216859 12488289 65000 -668431 521506 11363352 11110558 17500 1941477 581246 12488289 0.95281 0.04720 true false 422543 384924 37619 7908830 7276330 632500 346152 339291 6861 676980 MUSIC CTR FDTN UNITIZED INV PL 15565616 F 15565616 BENEFICIAL INTEREST IN TRUST 12815758 DEPOSITS 140367 FABRIC INVENTORY 13236 12969361 0 0 X 34096113 -15911 480913 282896 747898 33348215 77503 6401466 6478969 39827184 42183089 480913 58257 539170 41643919 77503 77503 41721422 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 GROWTH 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 2014, 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, 2015 AND 2014, 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 $ 282,896 REVENUE ON FORM 990, RECLASSIFIED FROM AUDITED FINANCIALS FORM 990, SCHEDULE D, PART XI, LINE 4B CHANGE IN MORTALITY ESTIMATES FOR PLEDGES $ 6,075,585 GAIN ON SALE OF SECURITIES RECLASSIFIED FROM EXPENSES $ 33,840 RESERVE FUND ADJUSTMENT $ 292,041 ------------ TOTAL $ 6,401,466 EXPENSES ON AUDITED FINANCIALS, NOT ON FORM 990 FORM 990, SCHEDULE D, PART XII, LINE 2D ADJUSTMENT FOR UNCOLLECTIBLE PLEDGES ON RECEIVABLES $ 92,097 GAIN ON SALE OF SECURITIES RECLASSIFIED TO REVENUE $(33,840) --------- TOTAL $ 58,257 X X X X X X X true SDA TELESERVICES INC 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 TELEFUNDING false 326755 146401 180354 THEATER DIRECT INC 4213 BURBANK BLVD BURBANK CA 91505 TELEMRKTING false 52953 9062 43891 379708 155463 224245 CA GALA 2014 799794 722165 77629 42 109497 14709 427840 GALA 2015 884285 800357 83928 0 1684079 1522522 161557 42 109497 14709 427840 552088 -390531 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 X false false false false false false false false false PLACIDO DOMINGO DIRECTOR, GEN DIR, PERFORMER 822115 0 0 0 133334 0 283334 0 0 0 1238783 0 0 0 JAMES CONLON EX.OFFICIO DIR,MUSIC DIR,COND. 879167 0 0 0 164113 0 0 0 33390 0 1076670 0 0 0 CHRISTOPHER KOELSCH EX.OFFICIO DIR, PRES & CEO 356259 0 50000 0 0 0 5100 0 6014 0 417373 0 0 0 FAITH RAIGUEL VICE PRESIDENT, CFO 252946 0 15000 0 0 0 5059 0 10304 0 283309 0 0 0 JOHN NUCKOLS EXECUTIVE VICE PRESIDENT 309555 0 0 0 0 0 5100 0 1011 0 315666 0 0 0 DIANE RHODES BERGMAN VICE PRESIDENT, MKTG & COMM 220755 0 0 0 0 0 4415 0 7406 0 232576 0 0 0 GRANT GERSHON RESIDENT CONDUCTOR 194308 0 0 0 0 0 3886 0 425 0 198619 0 0 0 RUPERT HEMMINGS SENIOR DIRECTOR, PRODUCTION 186534 0 0 0 0 0 3730 0 10151 0 200415 0 0 0 JOSHUA WINOGRADE SR DIRECTOR, ARTISTIC PLANNING 169791 0 0 0 0 0 3396 0 10116 0 183303 0 0 0 HAROLD E CONROY STAGEHAND 167646 0 0 0 0 0 17282 0 15952 0 200880 0 0 0 PATRICIA MCLEOD SENIOR DIRECTOR, DEVELOPMENT 156751 0 0 0 0 0 3135 0 10047 0 169933 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 2014 INCLUDES GENERAL DIRECTOR FEES OF $674,999 OF WHICH $133,334 IN FEES WERE DEFERRED FROM CALENDAR YEAR 2013. GENERAL DIRECTOR FEES OF $283,334 WERE DEFERRED TO CALENDAR YEAR 2015. IN ADDITION, DOMINGO RECEIVED PERFORMANCE FEES OF $280,450. ANY PAYMENTS FOR CURRENT YEAR SERVICES PROVIDED BY DOMINGO WERE MADE TO HIS COMPANY, MARINGO USA, LLC, AN ORGANIZATION UNRELATED TO THE OPERA. TOTAL COMPENSATION FOR JAMES CONLON IN CALENDAR YEAR 2014 INCLUDES MUSIC DIRECTOR FEES OF $657,500, OF WHICH $158,333 WAS DEFERRED FROM 2013, AS WELL AS CONDUCTING FEES OF $380,000. ADDITIONAL PAYMENTS OF $5,780 WERE REPORTED ON THE 1099 FOR TRAVEL REIMBURSEMENTS FOR COMPANIONS. ANY PAYMENTS FOR CURRENT YEAR SERVICES PROVIDED BY CONLON WERE MADE TO HIS COMPANY, AMADEUS MUSIC PRODUCTION CORP, AN ORGANIZATION UNRELATED TO THE OPERA. MARC STERN BOARD MEMBER OPERATIONS X 6366698 4322031 false false true ROBERT RONUSSEE NOTE BOARD MEMBER OPERATIONS X 4000000 4000000 false false true ROBERT RONUS BOARD MEMBER OPERATIONS X 2450000 1016667 false false true MARILYN ZIERING BOARD MEMBER OPERATIONS X 1500000 933333 false false true BERNARD GREENBERG BOARD MEMBER OPERATIONS X 550000 516667 false false true MILAN PANIC BOARD MEMBER OPERATIONS X 490000 490000 false false true PETER GRAY BOARD MEMBER OPERATIONS X 300000 300000 false false true BRINDELL GOTTLIEB BOARD MEMBER OPERATIONS X 100000 100000 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 11728698 MARINGO USA LLC SPOUSE OF MO. DOMINGO 51750 MARTA DOMINGO DIR/DESIGNER false LOANS FROM INTERESTED PERSONS FORM 990, SCHEDULE L, PART II, COLUMN (A) THE LOAN WITH ROBERT RONUS FOR $4,000,000 IS A LOAN FROM HIS DONOR ADVISED FUND. Form 990, Schedule L, Part II, Column (f) Loans from donors or board members do not require Finance Committee or full Board approval. The Board Chair approves all such transactions as well as the Chief Executive Officer and Chief Financial Officer. BUSINESS TRANSACTIONS FORM 990, SCHEDULE L, PART IV MARTA DOMINGO IS AN INTERNATIONALLY RECOGNIZED OPERA DIRECTOR. HER SELECTION AS DIRECTOR FOR A REVIVAL OF HER PRODUCTION OF LA TRAVIATA WAS BASED ON HER REPUTATION AND SKILL, AND WAS DISCLOSED AND APPROVED BY THE FULL BOARD. PAYMENTS FOR SERVICES PROVIDED BY MRS. DOMINGO TO THE OPERA ARE MADE TO MARINGO USA, LLC. AMOUNTS PAID ARE ALSO REPORTED ON PART VII, SECTION B, AS AN INDEPENDENT CONTRACTOR. X 13 285458 AVG VAL DATE DONATED X WINE 1 47100 RETAIL PRICE false true false NUMBER OF CONTRIBUTIONS Form 990, Schedule M, Part I, Column B THIS COLUMN REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED. 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 $976,656 AND $109,090 IN 13-14 AND 14-15 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 present concert performances of current season operas as well as PRESENT contemporary opera at various performance venues. The Off Grand performances and programs reached an additional 8,500 audience members. LA OPERA INAUGURATED A NEW SERIES OF FREE LIVE VIDEO BROADCASTS SPONSORED BY LOS ANGELES COUNTY SUPERVISOR ZEV YAROSLAVSKY. THE INAUGURAL PRESENTATION OF VERDI'S LA TRAVIATA WAS BROADCAST LIVE IN HIGH-DEFINITION FROM THE DOROTHY CHANDLER PAVILION TO THE BIG SCREEN AT THE SANTA MONICA PIER ON WEDNESDAY, SEPTEMBER 17, 2014 TO AN AUDIENCE OF OVER 2,000. 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 Noah's Flood (Noye's Fludde) at the Cathedral of Our Lady of the Angels. A total of 494 community members of all ages were engaged as singers and musicians. Three performances were presented free of charge to approximately 5,800 attendees. Radio Broadcasts LA Opera has a series of local and national radio broadcasts. The 2014-2015 series included broadcasts of 6 operas on 344 stations, with an estimated listenership of over 3.7 million. OPERALIA IN AUGUST OF 2014, 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 fellow students and their families. "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 2,200 students, teachers and family watched the final performances. More than 2,100 students and teachers attended final dress rehearsals at the Dorothy Chandler Pavilion, which included workshops by musicians and production staff. Opera 101 and Opera for Educators offered over 190 teachers the opportunity to learn a broad foundation in opera. Other Education and Community Outreach programs included the Hospital Project which filled the halls of 13 hospitals, 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. In all, 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 137,000 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 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 APPROVED 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 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 & 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 (DEFINITION BELOW): " 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 SEPTEMBER 4, 2014. PROCESS FOR DISCLOSING GOVERNING DOCUMENTS Form 990, Part VI, Section C, Line 19 THE LA OPERA MAKES ITS GOVERNING DOCUMENTS, TAX EXEMPTION LETTER, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. RECONCILIATION OF NET ASSETS Form 990, Part XI, Line 9 CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST $ 282,896 UNCOLLECTIBLE PLEDGES ON RECEIVABLES $(92,097) CHANGE IN MORTALITY ESTIMATES FOR PLEDGES $(6,075,585) RESERVE FUND ADJUSTMENT $ (292,041) ------------- Total $(6,176,827) SCHEDULE B CONTRIBUTIONS FORM 990, SCHEDULE B CONSISTENT WITH INSTRUCTIONS FOR THE FORM 990, ALL CONTRIBUTIONS ARE REPORTED ON THE ACCRUAL BASIS. CONTRIBUTIONS ITEMIZED IN SCHEDULE B INCLUDE NEW GIFTS (BOTH CASH AS WELL AS PLEDGES NOT RECOGNIZED IN PRIOR YEARS). ALSO INCLUDED ARE CHANGES IN DISCOUNT TO RECOGNIZE NEW AND EXISTING LONG TERM PLEDGES AT PRESENT VALUE. THE TOTAL CHANGE IN DISCOUNT IS $4,212,344.