2013-06-04T16:38:48-05:00 2012-08-31 751458509 RYLANDER CLAY & OPITZ LLP 3200 RIVERFRONT DRIVE SUITE 200 FORT WORTH TX 76107 990 2011-09-01 750945915 FORT WORTH OPERA ASSOCIATION INC FORT 8177310833 1300 GENDY STREET FORT WORTH TX 76107 DARREN WOODS 8177310833 2013-05-10 1 ALISON WILLIAMS P00509585 8173322301 2011 2016-03-07 17:11:31Z DARREN WOODS 1300 GENDY STREET FORT WORTH TX 76107 4837893 0 X WWW.FWOPERA.ORG X 1987 TX TO EDUCATE, ENTERTAIN, AND EXPAND THE HORIZONS OF CURRENT AND FUTURE AUDIENCES AND ARTISTS THROUGH VARIETY AND ARTISTIC INTEGRITY. 26 25 136 100 0 0 3231093 3707606 839566 860373 42749 -354 44132 26034 4157540 4593659 0 0 0 0 1461087 1605404 13014 0 513818 2759180 3278526 4233281 4883930 -75741 -290271 1385819 1262525 550310 621357 835509 641168 TO EDUCATE, ENTERTAIN, AND EXPAND THE HORIZONS OF CURRENT AND FUTURE AUDIENCES AND ARTISTS THROUGH VARIETY AND ARTISTIC INTEGRITY. 0 0 3741117 768406 FORT WORTH OPERA ANNUALLY PRODUCES THE FORT WORTH OPERA FESTIVAL EACH SPRING WITH MULTIPLE PRODUCTIONS OVER THREE TO FOUR WEEKENDS THAT SERVE APPROXIMATELY 12,000 PATRONS EACH YEAR. THE FESTIVAL FEATURES THREE DIFFERENT PRODUCTIONS AT BASS PERFORMANCE HALL, WITH OTHER OCCASIONAL PERFORMANCES AT A SECONDARY THEATRE, THE FORT WORTH COMMUNITY ARTS CENTER. THE 2012 FESTIVAL FEATURED PERFORMANCES OF "TOSCA", "THE MARRIAGE OF FIGAR", AND "LYSISTRATA", ALL AT BASS PERFORMANCE HALL WITH A TOTAL OF NINE PERFORMANCE. SIX PERFORMANCES OF "THREE DECEMBERS" WERE PERFORMED AT THE COMMUNITY ARTS CENTER. 143395 THE FORT WORTH OPERA STUDIO, FOUNDED IN 2002, INCLUDES FOUR YOUNG ARTISTS CHOSEN FROM NATIONAL AUDITIONS TO BE IN RESIDENCE WITH FORT WORTH OPERA EACH YEAR TO CONTINUE THEIR TRAINING AS THEY PREPARE FOR PROFESSIONAL CAREERS. IN ADDITION TO PERFORMING IN CHILDREN'S OPERA THEATRE, THE ARTISTS ARE ASSIGNED ROLES IN FESTIVAL PRODUCTIONS, AND RECEIVE LESSONS AND COACHINGS, LANGUAGE AND MOVEMENT CLASSES, AND CLASSES ON OPERA AS A BUSINESS. 27749 91967 CHILDREN'S OPERA THEATRE, IN EXISTENCE FOR OVER THIRTY YEARS, IS THE ONLY TOURING OPERA EDUCATION PROGRAM IN THE STATE OF TEXAS, REACHING OVER 40,000 STUDENTS EACH YEAR IN THE DALLAS-FORT WORTH METROPLEX, AS WELL AS AUSTIN, WACO, EDINBURGH (ON THE MEXICO BORDER) AND COMMUNITIES IN THE PANHANDLE OF TEXAS. PRODUCTIONS FOR THE 2011-2012 SCHOOL YEAR USED FAMILIAR STORIES PAIRED WITH WELL-KNOWN OPERAS TO BOTH ENTERTAIN AND EDUCATE CHILDREN INCLUDING "THE BREMEN TOWN MUSICIANS" AND "LITTLE RED'S MOST UNUSUAL DAY". 3912261 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 163 0 1 136 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 1 0 0 X X X RYAN STANLEY 8177310833 1300 GENDY STREET FORT WORTH TX 76107 LOUISE B CARVEY 1.00 X 0 0 0 PHIL COOK 1.00 X 0 0 0 JILL FISCHER 1.00 X X 0 0 0 KENNY FISCHER 1.00 X X 0 0 0 JOHN FORESTNER MD 1.00 X 0 0 0 LEE B FREESE 1.00 X 0 0 0 JOSEPH LESLEY 1.00 X 0 0 0 KRIS LINDSAY 1.00 X X 0 0 0 NATALIE MURRAY MD 1.00 X X 0 0 0 RITA O'FARRELL 1.00 X X 0 0 0 MAXWELL SCARLETT MD 1.00 X 0 0 0 G ROBERT STEPHENSON MD 1.00 X 0 0 0 JOHN SUTTON 1.00 X X 0 0 0 JAN AZIZ 1.00 X 0 0 0 ALFRED SAENZ 1.00 X 0 0 0 ANNE BASS 1.00 X 0 0 0 LUCY DARDEN 1.00 X X 0 0 0 SANDY COOK 1.00 X 0 0 0 GAIL COOKE 1.00 X 0 0 0 DICK FAHY 1.00 X 0 0 0 CATHY HIRT 1.00 X 0 0 0 MARY PENCIS 1.00 X 0 0 0 CRYSTAL MARRA 1.00 X 0 0 0 JARRELL MILBURN 1.00 X 0 0 0 JO ANN PATTON 1.00 X 0 0 0 KELLY SOROKOLIT 1.00 X 0 0 0 DARREN WOODS 40.00 X 174565 0 11303 KAREN HOLCOMB 40.00 X 67569 0 9434 242134 0 20737 1 0 1 0 FORT WORTH SYMPHONY ORCHESTRA 330 EAST 4TH STREET STE 200 FORT WORTH TX 76102 CONTRACTED MUSICIANS FOR PRODUCTIONS 217951 PERFORMING ARTS FORT WORTH 525 COMMERCE ST FORT WORTH TX 76102 THEATRE AND EQUIPMENT RENTALS 214168 MATCHBOX STUDIO 3013 CANTON ST DALLAS TX 75226 GRAPHIC ARTS DESIGN, TURNKEY ARTWORK & C 136864 3 184246 31186 3492174 13862 3707606 ADMISSIONS 711110 735249 735249 EDUCATION - PERF FEES 711110 91967 91967 PRODUCTION RENTALS 711110 33157 33157 860373 7663 7663 144519 152536 -8017 -8017 -8017 115456 184246 91698 23758 23758 MERCHANDISE SALES 453220 1213 1213 MISCELLANEOUS INCOME 900099 1063 1063 2276 4593659 862649 0 23404 293231 190600 29323 73308 1089179 707966 108918 272295 5371 3491 537 1343 100112 65073 10011 25028 117511 76382 11751 29378 24659 24659 1354231 1282883 71348 396399 396399 232690 154514 55432 22744 260138 193206 66932 75241 75241 2664 2664 3984 3984 10694 10694 28449 28449 COSTUMES SCENERY LIGHTI 388823 388823 EDUCATION 152423 152423 MISCELLANEOUS 103120 42909 60211 DEVELOPMENT 89722 89722 155289 143208 12081 4883930 3912261 457851 513818 270633 261975 52192 27011 323020 271005 31002 33500 91909 39298 173512 155077 29129 18435 587934 611301 0 0 1385819 1262525 6227 550310 602692 0 12438 550310 621357 X 512489 370163 323020 271005 835509 641168 1385819 1262525 -290271 95930 X X 0 1 1 X 0 X 3198725 2507455 3331152 3231093 3523360 15791785 965188 929357 809639 842021 829492 4375697 4163913 3436812 4140791 4073114 4352852 20167482 1323242 975175 976100 1519989 1150762 5945268 1090862 1421736 745880 455878 630260 4344616 2414104 2396911 1721980 1975867 1781022 10289884 9877598 39921 13719 4278 6569 7663 72150 39921 13719 4278 6569 7663 72150 3356 5130 8486 26663 10278 370 1096 1063 39470 4230497 3460809 4148795 4085909 4361578 20287588 0.48690 0.49810 0.00360 0.00540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 512489 24535 166861 370163 466335 18670 27484 512489 439507 4222 22606 466335 560446 25000 -49603 96336 439507 1.00000 0 0 173512 155077 18435 18435 PAYABLE TO FORT WORTH OPERA ENDOWMENT 12438 12438 4593659 4883930 -290271 24914 71016 95930 -194341 4741509 24914 122936 147850 4593659 0 4593659 4935850 51920 51920 4883930 0 4883930 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT FUND CONSISTS OF CASH AND CASH EQUIVALENTS, EQUITIES, FIXED INCOME SECURITIES, AND MUTUAL FUNDS, ALL OF WHICH ARE DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS A PERMANENT ENDOWMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: SCHEDULE D, PART X, LINE 2 THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE ASSOCIATION FOLLOWS THE PROVISIONS OF THE FASB ASC 740, INCOME TAXES, WHICH REQUIRE FINANCIAL STATEMENT RECOGNITION AND DISCLOSURE FOR UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION IS DEPENDENT ON AN ASSESSMENT OF A 50% OR GREATER LIKELIHOOD THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, BASED ON THE TECHNICAL MERITS OF THE POSITION. INTEREST AND PENALTIES, IF ANY, RELATED TO UNCERTAIN TAX POSITIONS WOULD BE RECORDED IN THE STATEMENT OF ACTIVITIES AS GENERAL AND ADMINISTRATIVE EXPENSE. AT AUGUST 31, 2012 AND 2011, MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, FEDERAL INCOME TAX RETURNS PRIOR TO 2009 ARE NO LONGER OPEN TO EXAMINATION BY BOTH FEDERAL AND STATE TAX AUTHORITIES. OPERA BALL 237121 137310 99811 26912 40643 7865 16278 EVENT 62581 46936 15645 299702 184246 115456 26912 40643 7865 16278 91698 23758 X X X X X 0 0 0 0 0 0 0 0 0 DARREN WOODS 174565 0 0 0 0 0 2516 0 8787 0 185868 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS JILL FISCHER AND KENNY FISCHER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW VIA THE FORT WORTH OPERA WEB SITE PRIOR TO SIGNATURE AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY AND IT IS KEPT ON FILE WITH THE RECORDS OF THE BOARD. AS THE ORGANIZATION MAKES BUSINESS DECISIONS, IT CONSCIOUSLY MAKES SURE THAT NO COMPROMISING RELATIONSHIPS ARE CREATED. FORM 990, PART VI, SECTION B, LINE 15A FORM 990, PART VI, LINE 15: THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE GENERAL DIRECTOR'S SALARY. THE BOARD COMPARES THE SALARY WITH INDUSTRY INFORMATION PROVIDED BY OPERA AMERICA AS WELL AS COMPARABLY SIZED COMPANIES IN THE GEOGRAPHIC AREA. OTHER EMPLOYEES ARE EVALUATED ANNUALLY BY THE GENERAL DIRECTOR FOR INDUSTRY COMPARABLE SALARIES AND OTHER COMPANIES IN THE GEOGRAPHIC AREA. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION ON FORT WORTH OPERA ASSOCIATION, INC.'S WEB SITE AS WELL AS WWW.GUIDESTAR.ORG. AUDIT OVERSIGHT PROCESS AND AUDITOR SELECTION PROCESS FORM 990, PART XI NO CHANGES HAVE BEEN MADE TO OVERSIGHT PROCESS FOR THE AUDIT OR SELECTION PROCESS FOR THE INDEPENDENT AUDITOR. FORT WORTH OPERA ENDOWMENT 1300 GENDY STREET FORT WORTH TX 76107 452831814 RAISE AND HOLD FUNDS FOR FW OPERA TX 501(C)(3) 509 (A) (3) FORT WORTH OPERA ASSOCIATION 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 FORT WORTH OPERA ENDOWMENT B 38614 COST FORT WORTH OPERA ENDOWMENT O 26176 COST