2014-06-13T19:52:30-05:00 2013-07-31 946124841 ARMANINO LLP 12657 ALCOSTA BLVD SUITE 500 SAN RAMON CA 94583 990 2012-08-01 940836240 SAN FRANCISCO OPERA ASSOCIATION SANF 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 DAVID GOCKLEY 4155653295 2014-06-11 1 LYNN HENLEY P00356034 9257902600 2012 2015-11-30 17:44:51Z DAVID GOCKLEY 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 114921198 0 X WWW.SFOPERA.COM X 1932 CA THE WORLD-RENOWNED SAN FRANCISCO OPERA, CONSIDERED ONE OF THE MOST IMPORTANT (CONTINUED ON SCH O) OPERATIC ORGANIZATIONS IN THE UNITED STATES. GREAT SINGING, OUTSTANDING CONDUCTING AND PRODUCTIONS SENSITIVE TO THE MUSIC ARE CORE VALUES OF THE OPERA. THE OPERA PERPETUATES ITS LEGACY THROUGH THE TRAINING OF YOUNG ARTISTS, ARTS EDUCATION AND AUDIENCE DEVELOPMENT. 76 75 1044 717 -28300 -28300 38038251 40106664 25975089 22611419 4134197 6680528 651694 277420 68799231 69676031 0 0 0 0 53068220 51051911 285918 319461 4639395 16673356 16136553 70027494 67507925 -1228263 2168106 201546402 210148701 22946477 22328344 178599925 187820357 X SAN FRANCISCO OPERA'S MISSION IS 1) TO PRESENT OPERA PERFORMANCES OF THE HIGHEST INTERNATIONAL QUALITY AVAILABLE TO THE WIDEST POSSIBLE AUDIENCES; 2) TO PERPETUATE AND ENRICH THE OPERATIC ART FORM; 3) TO BE CREATIVE AND INNOVATIVE IN ALL ASPECTS OF OPERA; AND 4) TO TAKE A LEADERSHIP ROLE IN TRAINING, ARTS EDUCATION AND AUDIENCE DEVELOPMENT. CURRENT PROGRAMS INCLUDE COMMUNITY OUTREACH, TRAINING & PROFESSIONAL DEVELOPMENT OF YOUNG ARTISTS AND COMMUNITY EDUCATION. 0 0 44849714 19785866 PRODUCTION AND ARTISTIC ACCOMPLISHMENTS - THE OPERA PRESENTED 68 MAINSTAGE PERFORMANCES OF 8 OPERAS OF THE HIGHEST ARTISTIC QUALITY TO MORE THAN 165,251 AUDIENCE MEMBERS DURING THE 2013 SEASON. HIGHLIGHTS OF THE 90TH SEASON INCLUDED THE WORLD PREMIERE OF MARK ADAMO'S THE GOSPEL OF MARY MAGDALENE. THE SEASON INCLUDED THE BAY AREA PREMIERE OF JAKE HEGGIE AND GENE SCHEER'S AWARD WINNING OPERA MOBY-DICK WHICH WAS RECORDED IN HD FOR A SUBSEQUENT NATIONAL BROADCAST ON GREAT PERFORMANCES AND DVD/BLUE-RAY RELEASE. THE SEASON FEATURED NEW CO-PRODUCTIONS OF BELLINI'S CAPULETS AND MONTAGUES AND OFFENBACH'S THE TALES OF HOFFMAN AS WELL AS VERDI'S RIGOLETTO, WAGNER'S LOHENGRIN, PUCCINI'S TOSCA AND MOZART'S COSI FAN TUTTE. IN COOPERATION WITH CAL PERFORMANCES, THE OPERA COMMISSIONED COMPOSER NOLAN GASSER AND LIBRETTIST CAREY HARRISON FOR A NEW FAMILY OPERA AND PRESENTED THE WORLD PREMIERE OF THE SECRET GARDEN AT UC BERKELEY'S ZELLERBACH HALL. SOME OF THE WORLD'S LEADING SINGERS AND DIRECTORS APPEARED INCLUDING: NICOLE CABELL, SASHA COOKE, NATALIE DESSAY, JOYCE DIDONATO, ANGELA GHEORGHIU, ALEKSANDRA KURZAK, PETRA LANG, CAMILLA NYLUND, PATRICIA RACETTE AND ALBINA SHAGIMAURATOVA; WILLIAM BURDEN, STEPHEN COSTELLO, MARK DELAVAN, ROBERTO FRONTALI, NATHAN GUNN, BRANDON JOVANOVICH, ZELJKO LUCIC, JAY HUNTER MORRIS, ERIC OWENS, SAIMIR PIRGU, MATTHEW POLENZANI, KRISTINN SIGMUNDSSON, ANDREA SILVESTRELLI, MARCO VINCO AND MARCO VRATOGNA; VINCENT BOUSSARD, MICHAEL CHRISTIE, LEONARD FOGLIA, RICCARDO FRIZZA, KEVIN NEWBURY, LAURENT PELLY, AND DANIEL SLATER. ALL PERFORMANCES INCLUDED THE SAN FRANCISCO OPERA ORCHESTRA, NICOLA LUISOTTI MUSIC DIRECTOR, PATRICK SUMMERS PRINCIPAL GUEST CONDUCTOR AND GIUSEPPE FINZI RESIDENT CONDUCTOR; AND THE SAN FRANCISCO OPERA CHORUS, IAN ROBERTSON CHORUS DIRECTOR AND FABRIZIO CORONA ASSOCIATE CHORUS MASTER. OTHER MUSICAL HIGHLIGHTS INCLUDED FREE AL FRESCO CONCERTS AT STERN GROVE FESTIVAL FEATURING SINGERS LEAH CROCETTO AND MICHAEL FABIANO LED BY MAESTRO FINZI; OPERA IN THE PARK (GOLDEN GATE PARK) FOR THE 39TH YEAR IN A ROW WITH VARIOUS STARS OF THE FALL SEASON CONDUCTED BY NICOLA LUISOTTI WITH APPROXIMATELY 15,000 IN ATTENDANCE. FOR THE FIRST TIME, THE OPERA PRODUCED AN OPEN HOUSE FREE TO THE COMMUNITY IN NOVEMBER 2012. OVER 4,000 PEOPLE ATTENDED THE EVENT WHICH INCLUDED THE PRESENTATION OF CARMEN FOR FAMILIES - THE MOVIE, A CLOSE LOOK AT BEHIND-THE-SCENES ACTIVITIES, A WORKING ORCHESTRA AND CHORUS REHEARSAL, COSTUME EXHIBITIONS AND MUSICAL EXCERPTS PERFORMED LIVE BY THE ADLER FELLOWS. 3323480 404678 ELECTRONIC MEDIA - THE OBJECTIVE OF THIS INITIATIVE IS TO REACH A NEW AUDIENCE WITH DIGITAL CONTENT VIA RADIO BROADCASTS, SIMULCASTS, WEB VIDEOS, OPERAVISION AND A CINEMA SERIES. CLASSICAL RADIO STATION, KDFC, REBROADCASTS THE OPERA'S FULL SEASON TO AN AUDIENCE OF APPROXIMATELY 25,000 LISTENERS PER TITLE. WFMT REBROADCASTS RADIO PROGRAMS TO A NATIONAL AND INTERNATIONAL AUDIENCE OF APPROXIMATELY 1.5 MILLION. THE "OPERA IN THE BALLPARK' AT AT&T PARK IN PARTNERSHIP WITH THE SAN FRANCISCO GIANTS FEATURED A FREE LIVE HD SIMULCAST OF VERDI'S RIGOLETTO TO AN AUDIENCE OF APPROXIMATELY 27,000. THE GRAND OPERA CINEMA SERIES RELEASED FOUR NEW TITLES TO REGIONAL AND INTERNATIONAL MOVIE THEATERS AND PERFORMING ARTS VENUES INCLUDING GEORGE AND IRA GERSHWIN'S PORGY AND BESS, VERDI'S AIDA, BORIS GODUNOV BY MODEST MUSSORGSKY AND DONIZETTI'S LUCREZIA BORGIA. IN 2010, THE COMPANY LAUNCHED A PARTNERSHIP WITH KQED PUBLIC TELEVISION TO AIR GRAND OPERAS RECORDED LIVE IN HIGH DEFINITION AT THE OPERA HOUSE. THE KQED SERIES FOR THIS YEAR INCLUDED THE MAGIC FLUTE, IL TRITTICO, SALOME AND OTELLO. IN MAY 2013, THE OPERA ANNOUNCED A BUSINESS PARTNERSHIP WITH EUROARTS MUSIC INTERNATIONAL, ONE OF THE WORLD'S LEADING AND MOST PRESTIGIOUS DISTRIBUTORS OF CLASSICAL PROGRAMMING FOR INTERNATIONAL TELEVISION AND HOME VIDEO DISTRIBUTION OF HIGH-DEFINITION SAN FRANCISCO OPERA PRODUCTIONS. INITIAL PLANS INCLUDE THE RELEASE OF SIX PRODUCTIONS RECORDED AT THE WAR MEMORIAL OPERA HOUSE OVER TWO YEARS. WEB VIDEOS ARE INCLUDED ON THE OPERA'S WEBSITE WHICH INCLUDE OPERA EXCERPTS, INTERVIEWS AND OPERA TALKS. OPERAVISION, OFFERED AT SELECT PERFORMANCES, GIVES BALCONY AUDIENCES A BETTER VIEW OF THE STAGE WITH THE USE OF SCREENS WHICH PROVIDE CLOSEUP AND MID-RANGE ENSEMBLE SHOTS IN HIGH-DEFINITION VIDEO WITH SUPERTITLES. 2617249 1750369 OPERA CENTER (TRAINING AND PROFESSIONAL DEVELOPMENT) - THE OPERA SUPPORTS AN INTERNATIONALLY RECOGNIZED TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAM, THE ADLER FELLOWSHIP PROGRAM. THE ADLER FELLOWSHIP PROGRAM IS A PERFORMANCE-ORIENTED RESIDENCY OF TWO YEARS OFFERING ADVANCED YOUNG ARTISTS INTENSIVE INDIVIDUAL TRAINING, COACHING, PROFESSIONAL SEMINARS AND A WIDE RANGE OF PERFORMANCE OPPORTUNITIES. ADLER FELLOWS GAIN VALUABLE PROFESSIONAL EXPERIENCE BY PERFORMING ROLES OF INCREASING IMPORTANCE IN THE OPERA'S MAIN-STAGE SEASON. IN ADDITION TO PERFORMANCES ON THE MAIN STAGE, SELECTED ADLER FELLOWS WERE FEATURED IN THE SCHWABACHER RECITAL DEBUT SERIES. THE ADLER SEASON CULMINATES IN AN ADLER FELLOWS CONCERT. ALUMNI FROM THE ADLER PROGRAM INCLUDE SOPRANOS LAURA CLAYCOMB, NICOLLE FOLAND, NANCY GUSTAFSON, MARY MILLS, PATRICIA RACETTE, RUTH ANN SWENSON AND DEBORAH VOIGT; MEZZO-SOPRANOS ZHENG CAO AND DOLORA ZAJICK; COUNTERTENOR BRIAN ASAWA; BARITONES MARK DELAVAN AND DAVID OKERLUND; AND BASS-BARITONES MONTE PEDERSON AND JOHN RELYEA. THE SAN FRANCISCO OPERA ALSO SUPPORTS THE MEROLA OPERA PROGRAM FOR ASPIRING PROFESSIONALS WHICH OFFERS UP-AND-COMING SINGERS, COACH-ACCOMPANISTS AND STAGE DIRECTORS THE OPPORTUNITY OF INTENSE STUDY AND PERFORMANCE DURING AN ELEVEN-WEEK SUMMER PROGRAM. THE OPERA'S COMMITMENT TO PROVIDING MUSIC EDUCATION AND ENRICHMENT OPPORTUNITIES TO STUDENTS, TEACHERS, YOUNG AUDIENCES AND ADULTS, CONTINUED IN A MYRIAD OF SCHOOL AND FAMILY PROGRAMS AND ONLINE RESOURCES. THE SAN FRANCISCO OPERA AND OPERA GUILD BRING OPERA AND MUSIC EDUCATION TO STUDENTS AND INDIVIDUALS THROUGHOUT NORTHERN CALIFORNIA. 50790443 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 1 374 0 1 1044 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 76 75 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA MA NY OR UT WA X MICHAEL SIMPSON 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 941024509 GREER M ARTHUR 1.00 X 0 0 0 ANDREW J BALL 1.00 X 0 0 0 DAWN YATES BLACK 1.00 X 0 0 0 TIMOTHY BLACKBURN 1.00 X 0 0 0 DONNA L BLACKER 1.00 X 0 0 0 ROBERT BLANDING 1.00 X 0 0 0 CAROL FRANC BUCK 1.00 X 0 0 0 JACK CALHOUN 1.00 X 0 0 0 ANNETTE CAMPBELL-WHITE 1.00 X 0 0 0 RONALD E CAPE PHD 1.00 X 0 0 0 JANET CHAPMAN 1.00 X 0 0 0 ROBERT D CORY 1.00 X 0 0 0 JOHN CULLISON 1.00 X 0 0 0 MRS PETER W JAYNE DAVIS 1.00 X 0 0 0 IRA D DEARING 1.00 X 0 0 0 RAY DOLBY 1.00 X 0 0 0 CAROL PUCCI DOLL 1.00 X 0 0 0 ROBERT A ELLIS 1.00 X 0 0 0 CONCEPCION FEDERMAN 1.00 X 0 0 0 KRISTINA JOHNSON FLANAGAN 1.00 X 0 0 0 LISA STEVENS GALLO 1.00 X 0 0 0 ANN O GIRARD 1.00 X 0 0 0 LOUISE GUND 1.00 X 0 0 0 JANE M HARTLEY 1.00 X 0 0 0 I CRAIG HENDERSON MD 1.00 X 0 0 0 JOHN HENDRICKSON 1.00 X 0 0 0 DOREEN WOO HO 1.00 X 0 0 0 BRUCE W HYMAN 1.00 X 0 0 0 J BURGESS JAMIESON 1.00 X 0 0 0 DOROTHY M JEFFRIES 1.00 X 0 0 0 PHILIP M JELLEY 1.00 X 0 0 0 MRS CHARLES B ANN JOHNSON 1.00 X 0 0 0 JOSEPH D KEEGAN PHD 1.00 X 0 0 0 LAWRENCE A KERN 1.00 X 0 0 0 MRS GORHAM B DIANA KNOWLES 1.00 X 0 0 0 MARK R KROLL 1.00 X 0 0 0 KAREN J KUBIN 1.00 X 0 0 0 SYLVIA R LINDSEY 1.00 X 0 0 0 LORRY I LOKEY 1.00 X 0 0 0 ANGUS A MACNAUGHTON 1.00 X 0 0 0 J PATTERSON MCBAINE 1.00 X 0 0 0 KEVIN MCCABE 1.00 X 0 0 0 ANNE G MCWILLIAMS 1.00 X 0 0 0 MRS MARK A TERESA MEDEARIS 1.00 X 0 0 0 NANCY S MUELLER 1.00 X 0 0 0 BEN NELSON 1.00 X 0 0 0 J BOYCE NUTE 1.00 X 0 0 0 MASASHI OKA 1.00 X 0 0 0 HIROMITSU OGAWA 1.00 X 0 0 0 BERNARD OSHER 1.00 X 0 0 0 MARY A POWELL 1.00 X 0 0 0 HARRIET MEYER QUARRE 1.00 X 0 0 0 RANDALL REYNOSO 1.00 X 0 0 0 RICHARD J RIGG PHD 1.00 X 0 0 0 BARCLAY ROGERS 1.00 X 0 0 0 CP RUSSELL 1.00 X 0 0 0 JACK SCHAFER 1.00 X 0 0 0 BILL RUSSELL-SHAPIRO 1.00 X 0 0 0 RUTH A SHORT 1.00 X 0 0 0 MRS GEORGECHARLOTTE SCHULTZ 1.00 X 0 0 0 VIVIAN M STEPHENSON 1.00 X 0 0 0 MRS TAD DIANNE TAUBE 1.00 X 0 0 0 MRS DAVID T JOAN TRAITEL 1.00 X 0 0 0 SOO VENKATESAN 1.00 X 0 0 0 MRS ALFRED S DIANNE WILSEY 1.00 X 0 0 0 SHARON WINSLOW 1.00 X 0 0 0 BARBARA A WOLFE 1.00 X 0 0 0 BARBARA WARD WONDER 1.00 X 0 0 0 MELINDA YEE-FRANKLIN 1.00 X 0 0 0 S SHARIQ YOSUFZAI 1.00 X 0 0 0 PAUL CRANE DORFMAN 5.00 X X 0 0 0 LISA ERDBERG 5.00 X X 0 0 0 KEITH B GEESLIN 5.00 X X 0 0 0 JOHN A GUNN 5.00 X X 0 0 0 GEORGE H HUME 5.00 X X 0 0 0 FRANKLIN P JOHNSON JR 5.00 X X 0 0 0 THOMAS A LARSEN 5.00 X X 0 0 0 STEVEN MENZIES 5.00 X X 0 0 0 KARL O MILLS 5.00 X X 0 0 0 GOCKLEY DAVID R 60.00 X X 400994 0 179821 REID W DENNIS 5.00 X 0 0 0 SIMPSON MICHAEL T W 60.00 X 228061 0 22378 WEBER GREGORY P 60.00 X 209732 0 23480 LAZER MARCIA 60.00 X 174548 0 17787 SHILVOCK MATTHEW 60.00 X 219338 0 25874 LYNCH JENNIFER 60.00 X 262417 0 15319 LUISOTTI NICOLA 60.00 X 665439 0 26336 PARSONS LEON 60.00 X 170571 0 37864 URBAN MARK A 60.00 X 202135 0 42385 HARRISON LORI 60.00 X 172375 0 38265 MITCHELL DOUGLAS R 60.00 X 218982 0 48612 2924592 0 478121 58 0 1 0 MARK CAVAGNERO ASSOC 1045 SANSOME ST SUITE 200 SAN FRANCISCO CA 94111 ARCHITECTS 663473 PALISADES MEDIA GROUP INC 1620 26TH STREET 2050N SANTA MONICA CA 90404 MARKETING 588675 FIRST CLASS PLUS 1750 CESAR CHAVEZ STREET UNIT E SAN FRANCISCO CA 94124 MAILING CENTER 417392 INTERNATIONAL FREIGHT SERVICES INC 1610 ROLLINS RD BURLINGAME CA 94010 SHIPPING 406366 DCM TELEMARKETING 45 MAIN STREET STE 816 BROOKLYN NY 11201 TELEMKT/TELEFUNDER 349033 17 42664 735644 744444 38583912 14809723 40106664 TICKET SALES 900099 19785866 19785866 SF OPERA CENTER 900099 1750369 1750369 OTHER PROGRAM SERVICE REVENUE 900099 670506 670506 MEDIA 900099 404678 404678 22611419 2131952 2131952 53161 380794 0 239573 53161 141221 194382 141221 53161 49331568 44782992 4548576 4548576 4548576 22544 42664 121923 -99379 -99379 164656 100679 63977 63977 PARKING FEES 812930 146740 146740 UBI LOSS-PARTNERSHIP INV 900099 -28300 -28300 118440 69676031 22752640 -28300 6845027 1863756 631211 836127 396418 37030082 32027523 2985010 2017549 2321122 2040007 170818 110297 7173655 6479750 477138 216767 2663296 2214806 276138 172352 459598 74424 381464 3710 103000 103000 319461 319461 605526 605526 1230246 456779 722382 51085 1257008 31833 1225175 1622016 209369 1182829 229818 220485 220485 51500 51500 2038805 769933 1117973 150899 1397600 1293913 26765 76922 30329 4814 25515 39683 39683 1904639 1350725 553914 461527 33165 428362 PRODUCTION MATERIALS 2246789 2193005 53784 MARKETING/PROMOTION 981089 84568 337127 559394 STORAGE & MOVING 445318 433618 11700 BAD DEBT EXPENSE 258635 2203 256432 782760 409500 294969 78291 67507925 50790443 12078087 4639395 288123 1256676 13015503 32486614 37832237 31181324 774002 769099 108797 100513 200116 195665 29446098 19530852 10718448 9915246 78759633 85696999 50763760 37610860 9085783 10935705 201546402 210148701 4973020 4281418 12924803 12892893 5048654 5154033 22946477 22328344 X -4061426 -1623559 41925367 48710996 140735984 140732920 178599925 187820357 201546402 210148701 X 2168106 7542863 -490537 X X 0 1 X 1 0 X 44650262 49210837 33217702 38038251 40106664 205223716 44650262 49210837 33217702 38038251 40106664 205223716 51167188 154056528 3321534 2296619 2630415 2180296 2565907 12994771 41763 -9200 12384 44947 218263434 122087618 0.70580 0.71480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 154305171 6095205 13332310 12337592 161395094 157226551 5227508 -1153699 6995189 154305171 153328440 5020982 17145190 18268061 157226551 141105620 6085756 11942099 5805035 153328440 154781602 10111492 -16999580 6787894 141105620 0.04480 0.87200 0.08320 1 0 2114665 2114665 6237662 5093220 1144442 19245824 13444747 5801077 1847947 992885 855062 9915246 LIMITED PARTNERSHIPS-EQUITIES 23096730 F LIMITED PARTNERSHIPS-BONDS 3413426 F LIMITED PARTNERSHIPS-REAL ESTATE 5484683 F LIMITED PARTNERSHIPS-INFLATION HEDGE 1316922 F LIMITED PARTNERSHIPS-PRIVATE EQUITY 3889463 F LIMITED PARTNERSHIP-HEDGE FUNDS 2580 F 250 POST STREET 407056 C 37610860 DEFERRED PRODUCTION COSTS 6129312 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 2653130 ASSETS OF POOLED INCOME FUNDS 397593 RENTAL DEPOSITS 65100 CONSTRUCTION IN PROGRESS 1690570 10935705 CAPITAL LEASE OBLIGATIONS - ST 99741 CAPITAL LEASE OBLIGATIONS - LT 128390 DEFERRED REVENUE - POOLED INCOME FUNDS 41920 SHORT TERM COMPENSATION AND OTHER 443898 LONG TERM COMPENSATION AND OTHER 3439984 REFUNDABLE ADVANCES 1000100 5154033 X 77458126 7542863 346398 7889261 69568865 605526 -498360 107166 69676031 68237694 346398 988897 1335295 66902399 605526 605526 67507925 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS COMPRISED OF SEVERAL FUNDS SET ASIDE FOR DONOR DIRECTED PURPOSES INCLUDING OPERATIONS, OPERA HOUSE MAINTENANCE, TICKETS FOR UNDERPRIVILEGED, NEW PRODUCTIONS, STUDENT SUBSCRIPTIONS, PRINCIPAL ARTISTS, EDUCATION, AND OTHER PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX EXEMPT PURPOSE. ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON THE RECOGNITION OF INCOME TAX ASSETS AND LIABILITIES, CLASSIFICATION OF CURRENT AND DEFERRED INCOME TAX ASSETS AND LIABILITIES, ACCOUNTING FOR INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, ACCOUNTING FOR INCOME TAXES IN INTERIM PERIODS, AND INCOME TAX DISCLOSURES. THIS STANDARD ALSO REQUIRES ADDITIONAL DISCLOSURE OF BEGINNING AND ENDING UNRECOGNIZED TAX BENEFITS AND DETAILS REGARDING THE UNCERTAINTIES THAT MAY CAUSE THE UNRECOGNIZED BENEFITS TO INCREASE OR DECREASE WITHIN THE TWELVE MONTH PERIOD. THE ASSOCIATION'S POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS A TWO-STEP PROCESS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT OR LIABILITY AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED OR INCURRED UPON SETTLEMENT. BASED ON AN ANALYSIS PREPARED BY THE ASSOCIATION, IT WAS DETERMINED THAT THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -121,923. INVENTORY SALES RETURNS, ALLOWANCES & COSTS -136,864. RENTAL EXPENSES -239,573. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 121,923. RENTAL EXPENSES 239,573. INVENTORY SALES RETURNS, ALLOWANCES & COSTS 136,864. DONATED PROPERTY-EXPENSED OVER USEFUL LIFE 490,537. CAYMAN ISLANDS 0 0 PASSIVE INVESTMENTS 11802830 0 0 0 0 0 0 11802830 0 11802830 1 0 1 1 0 0 X X X X X X X 1 SD&A TELESERVICES 5757 WEST CENTURY BLVD STE 300 LOS ANGELES CA 90045 ANNUAL GIVING 0 710181 265735 444446 DCM TELEMARKETING 330 WEST 38TH STREET STE 207 NEW YORK NY 10018 ANNUAL GIVING 0 196408 30809 165599 MARK HERNANDEZ PO BOX 210114 SAN FRANCISCO CA 94121 ANNUAL GIVING 0 0 5838 -5838 GREGORY LASSONDE PO BOX 27427 OAKLAND CA 94602 PLANNED GIVING 0 0 16000 -16000 906589 318382 588207 AZ CA MA NY OR WA UT BRAVO GALA 65208 42664 22544 7369 44661 1800 68093 65208 42664 22544 7369 44661 1800 68093 121923 -99379 X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 GOCKLEY DAVID R 375081 0 0 0 25913 0 165250 0 14571 0 580815 0 60000 0 SIMPSON MICHAEL T W 185561 0 20000 0 22500 0 12817 0 9561 0 250439 0 0 0 WEBER GREGORY P 182732 0 10000 0 17000 0 10200 0 13280 0 233212 0 0 0 LAZER MARCIA 142048 0 10000 0 22500 0 11783 0 6004 0 192335 0 0 0 SHILVOCK MATTHEW 177338 0 25000 0 17000 0 10167 0 15707 0 245212 0 0 0 LYNCH JENNIFER 235417 0 10000 0 17000 0 13896 0 1423 0 277736 0 0 0 LUISOTTI NICOLA 664555 0 0 0 884 0 9725 0 16611 0 691775 0 0 0 PARSONS LEON 153571 0 0 0 17000 0 13133 0 24731 0 208435 0 0 0 URBAN MARK A 202135 0 0 0 0 0 14701 0 27684 0 244520 0 0 0 HARRISON LORI 172375 0 0 0 0 0 13272 0 24993 0 210640 0 0 0 MITCHELL DOUGLAS R 218982 0 0 0 0 0 16861 0 31751 0 267594 0 0 0 SUPPLEMENTAL INFORMATION PART III DAVID GOCKLEY, EXECUTIVE DIRECTOR AND CEO, RECEIVES COMPENSATION FOR A HEALTH AND SOCIAL MEMBERSHIP AT AN ANNUAL COST OF $2,336. NICOLA LUISOTTI, MUSIC DIRECTOR AND PRINCIPAL CONDUCTOR, RECEIVES REIMBURSEMENT FOR TWO SPOUSAL TRANSATLANTIC AIR FARES PER YEAR. DURING 2012, TWO FARES WERE REQUIRED AT A COST OF $7,956. CELL PHONES PROVIDED TO EMPLOYEES PRIMARILY FOR BUSINESS PURPOSES ARE A WORKING CONDITION FRINGE AND NOT REPORTABLE AS COMPENSATION. MARY POWELL DIRECTOR 33852 MARY POWELL HAS A FAMILY RELATIONSHIP WITH A COMPANY THAT PROVIDES FLORAL SERVICES TO THE OPERA. 0 STEVEN MENZIES DIRECTOR 143593 STEVEN MENZIES IS A PRINCIPAL, OFFICER, AND DIRECTOR OF APPLIED UNDERWRITERS, INC. OF WHICH THE OPERA OBTAINS WORKERS' COMPENSATION INSURANCE. MR. MENZIES RECUSES HIMSELF FROM THE OPERA'S DECISION TO ENGAGE APPLIED UNDERWRITERS, INC. AND RECUSES HIMSELF FROM THE UNDERWRITING OF THE OPERA AT APPLIED UNDERWRITERS, INC. 0 X 148 13721757 FMV AT DATE OF GIFT X 2 515036 FMV AT DATE OF GIFT X FOOD/BEVERAGES 11 110749 FMV AT DATE OF GIFT X MEDIA 2 298836 FMV AT DATE OF GIFT X MISC 12 163346 FMV AT DATE OF GIFT 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): ALL CONTRIBUTIONS REPORTED REPRESENT NUMBER OF CONTRIBUTIONS AND NOT NUMBER OF ITEMS RECEIVED. STOCK CONTRIBUTIONS REPRESENTED NUMBER OF CONTRIBUTIONS AND NOT INDIVIDUAL SHARES OF STOCK. THIRD PARTY USE: PART I, LINE 32B: SCHEDULE M, LINE 32B: DURING THE COURSE OF SOLICITATION (SEE SCHEDULE G), SECURITIES MAY BE DONATED IN LIEU OF CASH CONTRIBUTIONS. FORM 990, PART I, LINE 6: VOLUNTEERS VOLUNTEERS INCLUDE 479 USHERS, 179 GUILD VOLUNTEERS, AND 59 LIGHTWALKERS. FORM 990, PART VI, SECTION A, LINE 2 THOMAS A. LARSEN, OFFICER, HAS A BUSINESS RELATIONSHIP WITH GEORGE HUME, OFFICER. THOMAS A. LARSEN, OFFICER, HAS A BUSINESS RELATIONSHIP WITH JOHN GUNN, DIRECTOR AND CHAIRMAN. BILL RUSSELL-SHAPIRO, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH C.P. RUSSELL, DIRECTOR. FRANKLIN P. JOHNSON, JR., OFFICER AND CHAIRMAN EMERITUS, HAS A BUSINESS RELATIONSHIP WITH BILL RUSSELL-SHAPIRO, DIRECTOR. KARL MILLS, OFFICER AND VICE-CHAIR, HAS A BUSINESS RELATIONSHIP WITH VARIOUS DIRECTORS VIA AN INVESTMENT ADVISORY FIRM AND ONE DIRECTOR IS A SHAREHOLDER. FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS OF THE SAN FRANCISCO OPERA ASSOCIATION WERE AMENDED ON NOVEMBER 8, 2012 TO INCLUDE THE FOLLOWING CHANGES: SECTION 3.08 UPDATED THE PROTOCOL FOR BOARD MEMBERS TO TAKE A LEAVE OF ABSENCE. SECTION 3.09 UPDATED MEETING LOCATION TO INCLUDE MEETINGS VIA TELECONFERENCE SECTION 3.10 PROVIDES A NOTICE PERIOD FOR SPECIAL BOARD MEETINGS SECTION 7.01 CREATED A LEGACY (RESTRICTED) ENDOWMENT AND A BOARD (UNRESTRICTED) ENDOWMENT, AND A SET OF RULES ON HOW BOTH FUNDS SHOULD BE MANAGED. FORM 990, PART VI, SECTION B, LINE 11 AS PART OF THE OPERA'S INTERNAL REVIEW PROCESS, THE FILING VERSION OF THE FORM 990 IS PRESENTED TO THE OPERA'S AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. PRIOR TO FILING, THE PUBLIC DISCLOSURE VERSION OF FORM 990 IS SENT TO ALL BOARD DIRECTORS FOR THEIR REVIEW. ANY COMMENTS ARE REVIEWED BY MANAGEMENT. BUT FOR THE REDACTED CONTRIBUTOR NAMES AND ADDRESSES, THE ANSWER TO QUESTION 11A WOULD BE, "YES." FORM 990, PART VI, SECTION B, LINE 12C THE OPERA HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES MUST COMPLY WITH THE POLICY AND ARE SENT ANNUALLY THE CONFLICT OF INTEREST POLICY. ANY REPORTED CONFLICTS ARE REVIEWED AND RESOLVED PROMPTLY. FORM 990, PART VI, SECTION B, LINE 15 THE OPERA HAS A WRITTEN COMPENSATION POLICY. THERE IS AN ANNUAL REVIEW OF THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES BY THE COMPENSATION COMMITTEE. THE COMMITTEE IS COMPOSED ENTIRELY OF INDEPENDENT INDIVIDUALS AND COMPARABILITY DATA IS USED TO EVALUATE THE APPROPRIATENESS OF THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND CURRENT ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE ON THE GUIDESTAR AND THE OPERA'S WEBSITE WHICH IS WWW.SFOPERA.COM. THEY ARE ALSO AVAILABLE UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: DONATED PROPERTY-EXPENSED OVER USEFUL LIFE -490,537. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE ROLE THE AUDIT COMMITTEE IS SET UP TO OVERSEE THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THE COMMITTEE HELD THREE MEETINGS WITH BOARD MEMBERS, OFFICERS OF THE OPERA, AND INDEPENDENT AUDITORS.