2014-03-12T10:01:09-07:00 2013-05-31 Christopher Smith Leonard Etal 1515 Ringling Blvd Suite 900 Sarasota FL 34236 990 2012-06-01 237089047 Sarasota Opera Association Inc SARA 9413668450 50 Central Avenue Sarasota FL 34236 Richard A Russell 2014-03-12 true Aaron Mondon P00755866 9417481040 2012 2015-11-30 17:44:51Z Richard A Russell 10319222 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. 26 25 142 309 0 3018316 3197520 3347960 3284859 121541 387259 816945 615075 7304762 7484713 9800 7000 0 3756463 3903749 0 384200 5342070 4738663 9108333 8649412 -1803571 -1164699 22579534 21513297 2215104 1689411 20364430 19823886 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 6545258 3792739 Sarasota Opera presented 41 opera performances; 9 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. 6545258 true true false false false false false false false true true false false false false true false true false false false false false false true false false false true true false false false false false false false false true false true false false false false false true false false false false true 323 0 true 142 true false false false false false false true true false 0 false false false false false false false false false false X 26 25 false false false false false false false true true false true true true true true true true true true true false X X KEN TARASI 9413668450 50 Central Avenue Suite 820 Sarasota FL 34236 Mary Cook 2.00 0.00 X 0 0 0 Janet Huelster 2.00 0.00 X 0 0 0 Jack Wright 2.00 0.00 X X 0 0 0 Donald J Worthington 2.00 0.00 X X 0 0 0 J Summer Bagby 0.00 0.00 X 0 0 0 Jo Ann Frye 2.00 0.00 X 0 0 0 David Chaifetz 2.00 0.00 X X 0 0 0 Linda Moretti 2.00 0.00 X 0 0 0 Stan Abshier 2.00 0.00 X 0 0 0 Per-Erik Lindqvist 2.00 0.00 X 0 0 0 Murray Bring 2.00 0.00 X X 0 0 0 Bill Tompkins 2.00 0.00 X 0 0 0 Carol English 2.00 0.00 X 0 0 0 Joshua McCoy 2.00 0.00 X 0 0 0 Syble Di Girolamo 2.00 0.00 X 0 0 0 Joel D Fedder 2.00 0.00 X 0 0 0 Mark Famiglio 0.00 0.00 X 0 0 0 Monte Davis 2.00 0.00 X 0 0 0 Harold R Ronson 2.00 0.00 X 0 0 0 Robert Benjamin 2.00 0.00 X 0 0 0 Edward C Bavaria 2.00 0.00 X 0 0 0 Joshua M Benaim 2.00 0.00 X 0 0 0 Ulysses Brualdi 2.00 0.00 X 0 0 0 Victor DeRenzi 2.00 0.00 X 0 0 0 Richard Degennaro 2.00 0.00 X 0 0 0 Jonathan S Coleman 2.00 0.00 X 0 0 0 Kenneth Tarasi 40.00 0.00 X 96855 0 0 Richard Russell 40.00 0.00 X 104103 0 2172 Susan T Danis 40.00 0.00 X 107591 0 2715 308549 4887 2 true false false DERENZI & SUNDINE INC 210 WEST 101 ST 9E NEW YORK NY 10025 ARTISTIC DIRECTION 394502 Burton W Wiand 5505 West Gray Street Tampa FL 33609 Settlement liab pmts 163183 Asolo Scenic Studio 5555 North Tamiami Trail Sarasota FL 34243 Building Sets 139224 3 5645 128751 174726 2888398 3197520 SARASOTA YOUTH OPERA 711110 161060 161060 RENTAL INCOME 711110 282128 282128 OPERA PRODUCTIONS 711110 2841671 2841671 3284859 185340 185340 0 0 0 2728843 2526924 201919 201919 201919 414780 5645 307585 107195 107195 0 0 MISCELLANEOUS REVENUE 711110 507880 507880 507880 7484713 3792739 494454 0 7000 7000 0 0 308549 226084 71207 11258 0 3368398 2468134 777364 122900 2390 2390 100407 21840 67987 10580 124005 75387 34314 14304 0 6110 6110 30580 30580 0 0 46193 46193 191 191 204888 22858 182030 51156 29343 7691 14122 22165 16162 6003 0 288507 259466 29041 200313 163151 10510 26652 0 7579 6904 675 4313 4313 0 866305 835017 31288 213825 213825 General Pgm & Admin 123546 69260 41808 12478 IATSE SUMMARY 442275 442275 rent & housing 538229 355893 182336 production 1232925 1207368 5067 20490 459563 102164 212661 144738 8649412 6545258 1719954 384200 5403 8100 564533 1050549 733577 767334 84572 74036 0 0 0 47110 0 138916 54239 22257330 7455516 15668119 14801814 5319988 4757225 0 0 0 17316 0 22579534 21513297 350847 378717 1118876 1119131 664502 191563 80879 2215104 1689411 X 14655949 15157561 1728271 651115 3980210 4015210 20364430 19823886 22579534 21513297 X -1164699 414525 209630 X false true X true false X 4048690 2232632 3335394 3086284 3197520 15900520 3661549 4033291 3317069 3727404 3455155 18194468 0 0 0 7710239 6265923 6652463 6813688 6652675 34094988 1764686 295211 2059897 0 1764686 295211 2059897 32035091 231662 157540 157496 121541 599865 1268104 0 231662 157540 157496 121541 599865 1268104 0 137069 388511 357286 437501 507880 1828247 8078970 6811974 7167245 7372730 7760420 37191339 0.86140 0.79830 0.03410 0.02770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5016599 35000 738037 1032411 4757225 4828354 405874 145628 363257 5016599 4180076 29400 768014 149136 4828354 3779980 10000 515096 125000 4180076 5722541 -1405441 3779980 0.07680 0.83830 0.08490 true false false 753213 753213 18660584 5228396 13432188 2416944 1968994 447950 426589 258126 168463 14801814 X 8208370 414525 1547 416072 7792298 -307585 -307585 7484713 8876118 226706 226706 8649412 8649412 Part XII, Line 2d Part XII, Line 2d: Other expenses and losses per audited F/S special events expense $307585 change in value of interest rate swap $-80879 Part XI, Line 2d Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Arlington Revenue $1547 Part X Part X : FIN48 Footnote The Sarasota Opera Association, Inc. (Opera) is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Management believes the Opera has no material unrecognized income tax benefits or liabilities, including any potential loss of their tax exempt status. The Opera has no ongoing federal, state or local tax audits; however, the Opera tax returns for fiscal year ended 2010 and subsequent years remain open to examination. Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. TO PROVIDE A STABLE FLOW OF RESOURCES FOR CURRENT OPERATIONS. false OPENING NIGHT GALA 115515 115515 72823 Verdi Concert 91637 91637 56679 5 213273 5645 207628 178083 420425 5645 414780 307585 307585 107195 true 0 0 financial scholarship 4 7000 X X X X false false false false false false false false false false Susan T Danis 85091 22500 2715 110306 Mark Famiglio Board Member 106313 Warehouse Rental false 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. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Investment in Arlington transfered to SOA = $127204 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases change in value of interest rate swap = $80879 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Arlington Revenue = $1547 Form 990, Part VI, Line 19 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 VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees internal budgets are compared to industry standards as published by opera america- an association of opera companies. Form 990, Part VI, Line 12c 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 11b 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. ARLINGTON SUPPORTING ORGANIZATION 61 N PINEAPPLE AVE SARASOTA FL 34236 546693209 TO SUPPORT SARASOTA OPERA ASSOCIATION FL 501(C)(3) 11 N/A false false false true false false false false false false false false false false false false false false false false ARLINGTON SUPPORTING ORGANIZATION c 128751 Actual