2013-05-15T13:40:13-05:00 2012-06-30 952835976 MACFARLANE FALETTI & CO LLP 115 E MICHELTORENA ST 200 SANTA BARBARA CA 93101 990 2011-07-01 770347413 OPERA SANTA BARBARA SANT 8058983890 1330 STATE STREET NO 209 SANTA BARBARA CA 93101 STEVEN SHARPE 8058983890 2013-05-14 1 MACFARLANE FALETTI CO LLP P00161999 8059664157 2011 2016-02-24 21:20:13Z STEVEN SHARPE 1330 STATE STREET NO 209 SANTA BARBARA CA 93101 3252329 0 X OPERASB.COM X 1994 CA OPERA SANTA BARBARA CONTRIBUTES TO THE CULTURAL ENRICHMENT OF ITS AUDIENCES, BY PRESENTING EXCITING, HIGH-QUALITY PRODUCTIONS AND COMMUNITY PROGRAMS THAT CELEBRATE THE BREADTH AND BEAUTY OF OPERA. 19 19 61 65 0 0 1177227 2334710 387261 387345 173 5764 60309 61944 1624970 2789763 0 0 0 0 284454 496783 0 0 28840 900390 973183 1184844 1469966 440126 1319797 721889 1995494 0 108 721889 1995386 X PRODUCTION OF PROFESSIONAL OPERATIC PERFORMANCES TO ENRICH THE COMMUNITY. 0 0 1285074 401616 IN 2011/2012, OPERA SANTA BARBARA (OSB) PRESENTED THREE FULLY STAGED OPERA PRODUCTIONS: PUCCINI'S LA BOHEME, MOZART'S MARRIAGE OF FIGARO AND GLUCK'S ORPHEUS AND EURYDICE. TWO OF THE PRODUCTIONS (BOHEME AND FIGARO) WERE PERFORMED TWICE EACH IN THE 1,480-SEAT GRANADA THEATRE, AND ONE OF THE PRODUCTIONS (ORPHEUS) WAS PERFORMED TWICE IN THE 620-SEAT LOBERO THEATRE. THE TOTAL AUDIENCE FOR ALL THREE PRODUCTIONS COMBINED WAS 6,195, AVERAGE 87% OF CAPACITY. COMMUNITY EDUCATION PROGRAMS INCLUDED THE 8-PART OPERA ON THE GO! SERIES OF EDUCATIONAL TALKS, FREE 20-MINUTE LECTURES PRIOR TO EACH OPERA PERFORMANCE, 7 FREE NOONTIME CONCERTS FEATURING MEMBERS OF THE STUDIO ARTISTS PROGRAM, AND OPERA NIGHTS AT TRE LUNE RESTAURANT AND LA CUMBRE COUNTRY CLUB. EDUCATIONAL PROGRAMS FOR CHILDREN INCLUDED 45-MINUTE ASSEMBLY PROGRAM CALLED THE OPERA LAB WHICH WAS PRESENTED TO 2,021 CHILDREN IN 31 DIFFERENT LOCAL SCHOOLS, A FREE DRESS REHEARSAL OF ORPHEUS. THE STUDIO ARTISTS PROGRAM GAVE THE OPPORTUNITY FOR 12 ASPIRING OPERA SINGERS BETWEEN THE AGES OF 22 AND 30 TO PARTICIPATE IN A 7-WEEK RESIDENCY PROGRAM WHERE THEY RECEIVED MASTERCLASSES, PRIVATE COACHINGS AND HAD THE OPPORTUNITY TO COVER PRINCIPAL ROLES IN THE OPERA PRODUCTIONS. ADDITIONAL EVENTS THROUGHOUT THE SEASON INCLUDED AN OPENING NIGHT GALA DINNER, A VALENTINE'S FUNDRAISING GALA, AND AN OPERA LIP SYNC COMPETITION AT A LOCAL NIGHTCLUB. 1285074 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 92 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DOREEN DALEY 8058983890 1330 STATE STREET SUITE 209 SANTA BARBARA CA 93101 RICHARD ABERLE 2.00 X 0 0 0 MARLYN BERNARD BERNSTEIN 2.00 X 0 0 0 SARAH SCHLINGER CHRISMAN 2.00 X 0 0 0 ROGER DAVIDSON 2.00 X 0 0 0 HERB KENDALL 2.00 X 0 0 0 DUNCAN MELLICHAMP 2.00 X 0 0 0 AC MOORE 2.00 X 0 0 0 MARTIN MOSKOVITS 2.00 X 0 0 0 PAKSY PLACKIS-CHENG 2.00 X 0 0 0 DANIEL REICKER 2.00 X 0 0 0 IDA RICKBORN 2.00 X 0 0 0 JUDITH F SMITH 2.00 X 0 0 0 SANDRA L URQUHART 2.00 X 0 0 0 PAULA VON SIMSON 2.00 X 0 0 0 JOAN RUTKOWSKI 2.00 X X 0 0 0 NANCY GOLDEN 3.00 X X 0 0 0 SIMON WILLIAMS 3.00 X X 0 0 0 ERIC OLTMANN 3.00 X X 0 0 0 MARY PENNY 3.00 X X 0 0 0 STEVEN SHARPE 40.00 X 82000 0 10102 82000 0 10102 0 0 0 0 0 64834 37900 2231976 13629 2334710 OPERA PERFORMANCES 711110 387345 387345 387345 13162 13162 396246 403644 -7398 -7398 -7398 106595 64834 58922 47673 47673 ADVERTISING 711110 10815 10815 MISCELLANEOUS INCOME 711110 3456 3456 14271 2789763 401616 0 53437 101095 50547 40438 10110 350226 328419 21807 5345 5345 8870 8870 31247 27213 3458 576 33896 33896 240826 235735 5091 92263 83037 9226 58331 53389 3458 1484 33797 27713 4732 1352 9071 4536 4535 25 25 33199 31871 1328 5237 2618 2095 524 PRODUCTION EXPENSES 207271 207271 THEATRE FEES 152049 152049 TRAINING 56120 56120 STRATEGIC PLANNING 23607 23607 27491 10341 2356 14794 1469966 1285074 156052 28840 218126 126282 261281 18377 349588 133451 241201 216137 177146 1281 1457552 721889 1995494 0 108 0 108 X 706310 477016 6579 51818 9000 1466552 721889 1995386 721889 1995494 X 1319797 -46300 X X 0 1 1 X 0 X 976640 777032 851802 677227 782805 4065506 489905 752462 323979 474351 545845 2586542 1466545 1529494 1175781 1151578 1328650 6652048 98000 103107 246874 205239 190120 843340 152298 663484 265682 123920 249653 1455037 250298 766591 512556 329159 439773 2298377 4353671 8519 8293 1185 173 13162 31332 8519 8293 1185 173 13162 31332 20379 10070 18429 10204 14271 73353 1495443 1547857 1195395 1161955 1356083 6756733 0.64430 0.72100 0.00460 0.00320 X SCHEDULE A, PART IV, LIST OF UNUSUAL GRANTS: BEQUEST DATE: 01/31/11 AMOUNT: 500000. BEQUEST DATE: 04/18/12 AMOUNT: 1502440. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9000 1500000 -42448 1466552 7500 1500 9000 7500 7500 7500 7500 1.00000 0 0 349588 133451 216137 216137 INTEREST IN PERPETUAL TRUST 1457552 1457552 PAYROLL LIABILITY 108 108 2789763 1469966 1319797 -3852 -42448 -46300 1273497 1409501 -3852 240948 237096 1172405 1617358 1617358 2789763 1478582 58922 58922 1419660 50306 50306 1469966 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE EARNINGS ON THE PERMANENTLY RESTRICTED ENDOWMENT ARE USED TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: OPERA SANTA BARBARA IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AT JUNE 30, 2012, OR FOR ANY PERIOD FOR WHICH THE STATUTE OF LIMITATIONS IS STILL OPEN. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF PERPETUAL TRUST -42,448. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 58,922. ACCRUAL TO CASH CONVERSION 224,474. CHANGE IN VALUE OF PERPETUAL TRUST -42,448. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH CONVERSION 1,617,358. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 58,922. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH CONVERSION 50,306. ANNUAL GALA 136024 60405 75619 21433 5205 10929 OPENING NIGHT GALA 35405 4429 30976 15561 565 5228 171429 64834 106595 21433 15561 5770 16157 58921 47674 AC MOORE A.C. MOORE IS A BOARD MEMBER AND OWNER OF DUNVEGAN ASSOCIATES, INC. A.C. MOORE IS A BOARD MEMBER AND OWNER OF DUNVEGAN ASSOCIATES, INC., WHICH MANAGES THE OPERA'S INVESTMENTS PRO-BONO. IT IS NOT A CUSTODIAN. 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE DIRECTOR AND ACCOUNTANT REVIEW THE 990 AND THEN PRESENT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR OR COMMITTEE MEMBER WHO SERVES AS A DIRECTOR, TRUSTEE, OFFICER, STAFF MEMBER, CONSULTANT OR IN A SIMILAR CAPACITY TO AN ORGANIZATION THAT IS CURRENTLY PROVIDING FUNDS TO THE ORGANIZATION, OR IS PROVIDING GOODS OR SERVICES TO THE ORGANIZATION, OR IS RECEIVING FINANCIAL SUPPORT FROM THE ORGANIZATION OR HAS SOME OTHER DIRECT TANGIBLE FINANCIAL RELATIONSHIP WITH THE ORGANIZATION SHALL INCLUDE SUCH INFORMATION ON A FORM THAT THE ORGANIZATION WILL COLLECT ANNUALLY, AND SHALL PROVIDE UPDATED INFORMATION TO THE PRESIDENT AS CIRCUMSTANCES CHANGE. IN ADDITION, IF ANY IMMEDIATE FAMILY MEMBER OF A DIRECTOR OR COMMITTEE MEMBER ALSO SERVES IN A SIMILAR CAPACITY FOR AN ORGANIZATION OF THE TYPE DESCRIBED ABOVE, SUCH DIRECTOR OR COMMITTEE MEMBER SHALL INCLUDE SUCH INFORMATION ON HIS OR HER ANNUAL REPORTING FORM AND ANY UPDATES. THE PRESIDENT SHALL ANNUALLY PREPARE, AND CIRCULATE TO THE ENTIRE BOARD OF DIRECTORS, A LIST OF AFFILIATIONS OF BOARD MEMBERS WITH OUTSIDE ORGANIZATIONS THAT MAY CREATE CONFLICTS. UNLESS OTHERWISE NOTIFIED, THE PRESIDENT MAY ASSUME THAT PAST AFFILIATIONS ARE CONTINUING. A COPY OF THIS CONFLICT OF INTEREST POLICY SHALL BE FURNISHED TO EACH CURRENT DIRECTOR AND COMMITTEE MEMBERS. ALL NEW DIRECTORS AND COMMITTEE MEMBERS SHALL BE ADVISED OF THIS POLICY UPON UNDERTAKING THE DUTIES OF SUCH OFFICE. THIS POLICY SHALL BE REVIEWED ANNUALLY OR AS REQUESTED BY THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED SEVERAL YEARS AGO BY USING COMPARABLE DATA FROM OTHER ORGANIZATIONS. NO INCREASES HAVE BEEN RECEIVED IN THE PAST THREE YEARS, AND THE AMOUNT WHEN DETERMINED UPON HIRING WAS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 990 AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CALLING THE OFFICE DURING BUSINESS HOURS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,852. CHANGE IN VALUE OF PERPETUAL TRUST -42,448. TOTAL TO FORM 990, PART XI, LINE 5: -46,300. RESPONSIBILITY OF AUDITED FINANCIALS AND INDEPENDENT ACCOUNTANT FORM 990, PART XI, LINE 2C OPERA SANTA BARBARA HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. EXECUTIVE COMMITTEE FORM 990, PART VI, SECTION A OPERA SANTA BARBARA HAS AN EXECUTIVE COMMITTEE WHICH CONSISTS OF ALL BOARD OFFICERS AND THE IMMEDIATE PAST PRESIDENT. PER THE ORGANIZATION'S BY-LAWS "THE EXECUTIVE COMMITTEE SHALL, DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, EXERCISE ALL THE POWERS OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION,EXCEPT AS OTHERWISE PROVIDED BY LAW, THESE BYLAWS, OR BY RESOLUTION OF THE BOARD." DURING THE FISCAL YEAR ENDED 6/30/12, THE EXECUTIVE COMMITTEE MET 11 TIMES.