2012-12-11T12:53:39-06:00 2012-06-30 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2011-07-01 391098132 FLORENTINE OPERA COMPANY INC FLOR 4142915700 930 E BURLEIGH ST MILWAUKEE WI 532122212 MARK A CAMELI 4142915700 2012-11-29 1 JENNY TARKOWSKI CPA P00634290 6082744020 2011 2016-02-24 21:20:13Z X MARK A CAMELI 930 E BURLEIGH ST MILWAUKEE WI 532122212 4994971 0 X WWW.FLORENTINEOPERA.ORG X 1968 WI ONE OF WISCONSIN'S OLDEST AND MOST ENDURING PROFESSIONAL PERFORMING ARTS ORGANIZATIONS. 20 20 136 50 0 0 1800332 1931607 420578 491368 356681 225934 0 0 2577591 2648909 0 0 0 0 1762136 1652902 0 0 188142 1442104 1095900 3204240 2748802 -626649 -99893 3686991 3254049 802436 697544 2884555 2556505 THE FLORENTINE OPERA COMPANY'S MISSION IS TO PRESENT PRODUCTIONS REFLECTING THE HIGHEST MUSICAL AND THEATRICAL STANDARDS DESIGNED TO FULFILL THE COMPANY'S VISION TO EXPAND THE EXPERIENCES OF PATRONS WITH MEMORABLE, OUTSTANDING, AND EXCITING PERFORMANCES. 0 0 1675711 451864 THE FLORENTINE OPERA COMPANY PRESENTED PERFORMANCES OF TURNADOT, SUSANNAH, AND IDOMENEO ALONG WITH OTHER OUTSTANDING PERFORMANCES, INCLUDING A STUDIO ARTIST CONCERT, DURING THE 2011-2012 SEASON. 216718 39504 THE FLORENTINE OPERA COMPANY'S PROGRAMS REACH A BROAD SPECTRUM OF INDIVIDUALS THROUGHOUT METRO MILWAUKEE, SOUTHEASTERN WISCONSIN, AND BEYOND. LAST YEAR, NEARLY 14,000 STUDENTS AND INDIVIDUALS BENEFITED FROM THESE PROGRAMS. THE COMPANY PROVIDES A VITAL ADDITION TO LOCAL ARTS EDUCATION--BOTH IN THE CLASSROOM AND ON THE STAGE. THE FLORENTINE OPERA COMPANY'S EDUCATION DEPARTMENT IS COMMITTED TO PROVIDING EDUCATORS WITH OPPORTUNITIES TO UTILIZE OPERA TO MEET EDUCATIONAL STANDARDS, AS WELL AS TO ENHANCE LEARNING FOR ALL STUDENTS. 1892429 1 1 0 0 0 0 0 0 0 1 1 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 0 0 0 0 0 0 0 0 1 67 0 136 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X CATHERINE KIEKHOFER 4142915700 930 E BURLEIGH ST MILWAUKEE WI 532122212 CLAY NESLER 2.00 X X 0 0 0 WAYNE LUEDERS 2.00 X X 0 0 0 REYNOLDS HONOLD 2.00 X X 0 0 0 KAREN PLUNKETT MUENSTER 2.00 X X 0 0 0 MARY READ 2.00 X X 0 0 0 CATHERINE PRINCIPE 2.00 X X 0 0 0 J DOUGLAS GRAY 2.00 X X 0 0 0 ILKE PANZER 2.00 X X 0 0 0 MARK CAMELI 2.00 X X 0 0 0 CATHERINE COSTANTINI 2.00 X X 0 0 0 SALLY BENTLEY 2.00 X 0 0 0 NANCY ANDERSON 2.00 X 0 0 0 CHRIS KUJAWA 2.00 X 0 0 0 GWEN KUBER 2.00 X 0 0 0 RICHARD PIEPER 2.00 X 0 0 0 BRAD SCHWARTZ 2.00 X 0 0 0 LINDA SEROKA 2.00 X 0 0 0 NITA SOREF 2.00 X 0 0 0 ADAM WIENSCH 2.00 X 0 0 0 KATHLEEN WILSON 2.00 X 0 0 0 WILLIAM FLORESCU 40.00 X 154114 0 3834 154114 0 3834 1 0 1 0 MARCUS CENTER FOR THE PERFORMING ARTS I 929 N WATER ST STE 1 MILWAUKEE WI 532023122 THEATER AND STAGEHANDS 227205 MILWAUKEE SYMPHONY ORCHESTRA INC 700 N WATER ST STE 700 MILWAUKEE WI 532024239 ORCHESTRA MUSICIANS 129488 2 10902 1920705 4516 1931607 TICKET SALES 711110 415401 415401 EDUCATION AND OUTREACH 711110 39504 39504 SET RENTALS 532490 36282 36282 OTHER PROGRAM SERVICES 900099 181 181 491368 71606 71606 2500390 2346062 154328 154328 154328 2648909 491368 0 225934 159619 83245 76374 1303191 911394 266417 125380 6227 4628 723 876 87518 62797 15448 9273 96347 65739 22219 8389 12301 12301 54349 44649 9700 64761 64761 134825 100756 27577 6492 26443 26443 209530 142179 52935 14416 85346 57912 21562 5872 30119 20438 7609 2072 13305 13305 24000 16286 6063 1651 33319 22609 8418 2292 THEATER AND PRODUCTION 360953 360953 SALES TAXES 21522 21522 25127 17050 6348 1729 2748802 1892429 668231 188142 26175 64475 5 5 558290 566618 5810 11357 41478 46001 373911 245475 81485 128436 2893748 2357157 80000 80000 3686991 3254049 34908 59289 196528 184755 571000 453500 802436 697544 X 638012 232914 628675 705523 1617868 1618068 2884555 2556505 3686991 3254049 X -99893 -228157 X 0 1 1 X 0 X 1911670 2167932 2282826 1800332 1931607 10094367 1911670 2167932 2282826 1800332 1931607 10094367 465388 9628979 197791 99610 106870 113235 71606 589112 10683479 3259767 0.90130 0.92260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1435432 200 -12590 1423042 1075088 75900 284444 1435432 466690 501400 106998 1075088 979355 37516 -550181 466690 1.00000 0 0 81605 17286 64319 292306 228189 64117 128436 2648909 2748802 -99893 -201922 -22495 -3740 -228157 -328050 2460839 -201922 36347 -165575 2626414 22495 22495 2648909 2788889 36347 3740 40087 2748802 0 2748802 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INCOME FROM THE ENDOWMENT FUNDS CAN BE USED TO SUPPORT THE ORGANIZATION'S GENERAL ACTIVITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: WRITE OFF UNCONDITIONAL PROMISE TO GIVE -3,740. X X X 0 0 0 0 0 0 0 0 0 WILLIAM FLORESCU 134800 0 0 0 19314 0 3834 0 0 0 157948 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE GOVERNING BODY, THE GOVERNING BODY SHALL ENSURE THAT THE INTEREST OF SUCH OFFICER OR DIRECTOR IS FULLY DISCLOSED TO THE GOVERNING BODY, NO INTERESTED OFFICER OR DIRECTOR MAY VOTE OR LOBBY ON THE MATTER OR BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT THE MEETING OF THE GOVERNING BODY AT WHICH SUCH MATTER IS VOTED UPON, ANY TRANSACTION IN WHICH A DIRECTOR OR OFFICER HAS A FINANCIAL OR PERSONAL INTEREST SHALL BE DULY APPROVED BY MEMBERS OF THE GOVERNING BODY NOT SO INTERESTED OR CONNECTED AS BEING IN THE BEST INTERESTS OF THE ORGANIZATION, PAYMENTS TO THE INTERESTED OFFICER OR DIRECTOR SHALL BE REASONABLE AND SHALL NOT EXCEED FAIR MARKET VALUE, AND THE MINUTES OF THE MEETINGS AT WHICH SUCH VOTES ARE TAKEN SHALL RECORD SUCH DISCLOSURE, ABSTENTION, AND RATIONALE FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL DIRECTOR'S COMPENSATION IS ESTABLISHED AND MONITORED BY THE EXECUTIVE COMMITTEE OF THE GOVERNING BODY. THE COMPENSATION IS BASED ON A WRITTEN JOB DESCRIPTION AND IS SUBJECT TO COMPARISON TO OTHER SIMILAR JOB DESCRIPTIONS USING THIRD-PARTY PUBLISHED DATA. THE PROCESS WAS LAST UNDERTAKEN IN FISCAL YEAR 2011 WHEN THE GENERAL DIRECTOR'S THREE-YEAR CONTRACT WAS RENEWED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -201,922. INVESTMENT EXPENSES: -22,495. WRITE OFF UNCONDITIONAL PROMISE TO GIVE -3,740. TOTAL TO FORM 990, PART XI, LINE 5: -228,157.