2015-02-03T10:10:49-08:00 2014-05-31 Christopher Smith Leonard Etal 1515 Ringling Blvd Suite 900 Sarasota FL 34236 990 2013-06-01 237089047 Sarasota Opera Association Inc SARA 9413668450 50 Central Avenue Sarasota FL 34236 Richard A Russell Executive Director 2015-01-28 true Lisa R Johnson P00277830 9419544040 2013 2016-02-25 16:41:14Z Richard A Russel 11228400 false false X www.sarasotaopera.org X 1961 FL TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD. 24 24 140 290 0 3197520 4082131 3284859 3409069 387259 436724 615075 325542 7484713 8253466 7000 25000 0 3903749 3685012 0 762765 4738663 4470170 8649412 8180182 -1164699 73284 21513297 21565496 1689411 1440448 19823886 20125048 TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD. TO PRODUCE SUCH OPERAS; AND TO FOSTER, PROMOTE, AND INCREASE PUBLIC KNOWLEDGE AND APPRECIATION OF OPERA AND SIMILAR PRESENTATIONS; TO INSTRUCT, TRAIN AND EDUCATE BOTH STUDENTS AND THE PUBLIC, GENERALLY, IN OPERA, MUSIC AND RELATED PERFORMING ARTS; AND TO RENT, ACQUIRE FOR USE, OR OWN, MAINTAIN, AND OPERATE A PLACE OR PLACES TO ACCOMPLISH THESE OBJECTIVES. false false 5820367 3685626 Sarasota Opera presented 40 opera performances; 10 concerts; outreach and educational programs including collaborations with other organizations reaching nearly 50,000 patrons in Southwest florida. 2,000 youths participated in school-based cultural events through the Opera's Youth Opera program, which also serves as a conduit for appearances in fully-staged opera productions. 5820367 true true false false false false false false false true true false false false false true true false false false false false false false true false false false true true false false false false false false false false true false true true false false false false false false false false false true 292 0 true 140 true false false false false false false true true false 0 false false false false false false false false false false X 24 24 false false false false false false false true true false true true false true true true true true true true false X X KEN TARASI 9413668450 50 Central Avenue Suite 820 Sarasota FL 34236 Jonathan S Coleman Trustee 2.00 0.00 X 0 0 0 Richard Degennaro B Guild Preside 2.00 0.00 X 0 0 0 Victor DeRenzi Artistic Direct 2.00 0.00 X 0 0 0 Ulysses Brualdi Trustee 2.00 0.00 X 0 0 0 Joshua M Benaim Trustee 2.00 0.00 X 0 0 0 Edward C Bavaria Trustee 2.00 0.00 X 0 0 0 Robert Benjamin LEGAL COUNSEL 2.00 0.00 X 0 0 0 Harold R Ronson Trustee 2.00 0.00 X 0 0 0 Monte Davis Trustee 2.00 0.00 X 0 0 0 Joel D Fedder Trustee 2.00 0.00 X 0 0 0 Syble Di Girolamo Trustee 2.00 0.00 X 0 0 0 Richard Russell Executive Dir. 40.00 0.00 X X 175000 0 6924 Carol English Trustee 2.00 0.00 X 0 0 0 Bill Tompkins Trustee 2.00 0.00 X 0 0 0 Murray Bring Secretary 2.00 0.00 X 0 0 0 Per-Erik Lindqvist Trustee 2.00 0.00 X 0 0 0 Stan Abshier Trustee 2.00 0.00 X 0 0 0 Linda Moretti Trustee 2.00 0.00 X 0 0 0 David Chaifetz Vice Chair 2.00 0.00 X 0 0 0 Jo Ann Frye Trustee 2.00 0.00 X 0 0 0 J Summer Bagby Trustee 2.00 0.00 X 0 0 0 Donald J Worthington Chair 2.00 0.00 X 0 0 0 Jack Wright treasurer 2.00 0.00 X 0 0 0 Barbara O'Connor Guild President 2.00 0.00 X 0 0 0 Janet Huelster Trustee 2.00 0.00 X 0 0 0 Kenneth Tarasi Dir. of Finance 40.00 0.00 X 97733 0 0 Mark Famiglio Trustee-LOA 0.00 0.00 X 0 0 0 272733 6924 1 true true false Burton W Wiand 5505 West Gray Street Tampa FL 33609 Settlement liab pmts 191565 DERENZI & SUNDINE INC 210 WEST 101 ST 9E NEW YORK NY 10025 ARTISTIC DIRECTION 365773 Community Counselling PO Box 824885 Philadelphia PA 19182 Fundraising Campaign 276264 Datum Corporation 6009 Business Blvd Sarasota FL 34240 IT Services 249887 4 3696 125283 3953152 321408 4082131 OPERA PRODUCTIONS 711110 2888960 2888960 RENTAL INCOME 711110 439744 439744 SARASOTA YOUTH OPERA 711110 80365 80365 3409069 147631 147631 0 0 0 2884637 2587200 8344 297437 -8344 289093 289093 428375 3696 379390 48985 48985 0 0 MISCELLANEOUS REVENUE 711110 276557 276557 276557 8253466 3685626 485709 0 25000 25000 0 0 272733 190339 65843 16551 0 3149657 2198132 760383 191142 3001 3001 125458 31621 75283 18554 134163 84779 30627 18757 0 4556 4556 26695 26695 0 0 47306 47306 0 216866 5493 211373 133070 104568 10019 18483 172 45 127 0 272861 248090 24771 141520 122394 7905 11221 0 1270 650 620 0 0 744938 721971 20547 2420 226622 226622 production 822069 804865 3327 13877 rent & housing 555816 369479 186337 IATSE SUMMARY 449373 449373 CAPTIAL CAMPAIGN 354237 354237 472799 190335 165688 116776 8180182 5820367 1597050 762765 8100 509294 1050549 275058 767334 654160 74036 167239 0 0 0 0 54239 48577 22395489 8181833 14801814 14213656 4757225 5697512 0 0 0 0 21513297 21565496 378717 419787 1119131 1020661 191563 1689411 1440448 X 15157561 14525456 651115 991432 4015210 4608160 19823886 20125048 21513297 21565496 73284 227878 X false true X true false X 2232632 3335394 3086284 3197520 4082131 15933961 4033291 3317069 3727404 3455155 3409069 17941988 0 0 0 6265923 6652463 6813688 6652675 7491200 33875949 295211 295211 0 295211 295211 33580738 157540 157496 121541 599865 436724 1473166 0 157540 157496 121541 599865 436724 1473166 0 388511 357286 437501 507880 325542 2016720 6811974 7167245 7372730 7760420 8253466 37365835 0.89870 0.86140 0.03940 0.03410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4757225 592950 622983 275645 5697513 5016599 35000 738037 1032411 4757225 4828354 405874 145628 363257 5016599 4180076 29400 768014 149136 4828354 3779980 10000 515096 125000 4180076 0.07110 0.80410 0.12480 true false false 753213 753213 18660584 5764071 12896513 2563846 2165694 398152 417846 252068 165778 14213656 X 8860734 227878 227878 8632856 -379390 -379390 8253466 8559572 379390 379390 8180182 8180182 Part V, Line 4: Intended uses of the endowment fund. TO PROVIDE A STABLE FLOW OF RESOURCES FOR CURRENT OPERATIONS. Part X : FIN48 Footnote The Opera is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Income from certain activities not directly related to the Operas tax-exempt purposes is subject to taxation as unrelated business income. In addition, contributions to the Opera qualify for the charitable contribution deduction under Section 170(b)(1)(A). Management believes the Opera has no material unrecognized income tax benefits, including any potential loss of their tax exempt status. The Opera has no ongoing federal, state or local tax audits; however, the Operas tax returns for fiscal year ended 2011 and subsequent years remain open to examination. Part XII, Line 2d: Other expenses and losses per audited F/S special events expense $379390 change in value of interest rate swap $0 false Com Counselling po box 824885 Philadelph PA 19182 Feasibility stu false 276264 276264 OPENING NIGHT GALA 116864 116864 81017 SOG 88884 2996 85888 69796 7 226323 700 225623 228577 432071 3696 428375 379390 379390 48985 true 0 0 Financial Scholarship 12 25000 X X X X X X false false false false false false false false false false Richard Russell Executive Dir. 175000 6924 181924 Victor DeRenzi Trustee 365773 artistic director false Schedule L, Part V Supplemental Information victor derenzi, the artistic director is paid through his corporation, derenzi & sundine, inc. Derenzi and Sundine Inc. is an independent contractor of Sarasota Opera Association, Inc. X 2 321408 FMV false false false Form 990, Part VI, Line 11b: Form 990 Review Process The board through its finance committee, reviews and approves the form 990 prior to its filing with the IRS. The finance committee reports its review and approval to the board. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE ORGANIZATION REQUIRES ALL POTENTIAL CONFLICTS OF INTEREST TO BE REPORTED TO A SUPERVISOR AND/OR TO THE EXECUTIVE DIRECTOR. THE ORGANIZATION REQUIRES CONFLICTS OF INTEREST TO BE AVOIDED OTHER THAN TO THE EXTENT THE EXECUTIVE DIRECTOR HAS PROVIDED THE EMPLOYEE WITH A WRITTEN EXEMPTION. the board of trustees are asked to disclose any conflicts of interest at their annual meeting. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Compensation Committee reviews industry compensation surveys, analyzes opera's budge, seeks board/committee approvals. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available all required disclosures are made available upon request or at www.guidestar.org. form 990, part vii, sections a & b victor derenzi, the artistic director is paid through his corporation, derenzi & sundine, inc. Derenzi and Sundine Inc. is an independent contractor of Sarasota Opera Association, Inc.