2012-03-01T10:47:45-06:00 2011-06-30 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2010-07-01 410946789 THE MINNESOTA OPERA MINN 6123429551 620 NORTH FIRST STREET MINNEAPOLIS MN 55401 ALLAN NAPLAN 6123429551 2011-12-21 1 KIM HUNWARDSEN CPA 6122536500 2011-12-22 2010 2016-02-24 21:20:13Z ALLAN NAPLAN 620 NORTH FIRST STREET MINNEAPOLIS MN 55401 10675973 0 X WWW.MNOPERA.ORG X 1963 MN TO PRODUCE OPERA AND OPERA EDUCATION AT THE HIGHEST ARTISTIC LEVEL 38 37 210 85 1806 -281 5576275 5046307 3062541 3155238 473683 874401 2809 26732 9115308 9102678 0 0 0 0 3834113 4173863 0 0 638567 4956579 5358167 8790692 9532030 324616 -429352 28067996 29686560 2972168 2965350 25095828 26721210 X TO PRODUCE OPERA AND OPERA EDUCATION AT THE HIGHEST ARTISTIC LEVEL THAT INSPIRE AND ENTERTAIN THE AUDIENCE AND ENRICH THE CULTURAL LIFE OF THE COMMUNITY. 0 0 5954177 2850501 MINNESOTA OPERA, CURRENTLY IN ITS FORTY-EIGHTH SEASON, IS REGARDED AS ONE OF THE OPERA INDUSTRY'S MOST AMBITIOUS REGIONAL COMPANIES OFFERING FIVE FULLY STAGED OPERAS OF BOTH STANDARD REPERTOIRE AS WELL AS NEWLY CREATED WORKS. MINNESOTA OPERA HAS BEEN A RESIDENT COMPANY OF THE ORDWAY CENTER FOR THE PERFORMING ARTS SINCE 1985. MINNESOTA OPERA REGULARLY RECEIVES NATIONAL AND INTERNATIONAL ACCLAIM AS A PRESENTER AND PRODUCER OF OPERA.MINNESOTA OPERA'S SEASON INCLUDED ORPHEUS AND EURYDICE (GLUCK), CINDERELLA (ROSSINI), MARY STUART (DONIZETTI) - THE SECOND OF THE TUDOR TRILOGY SEQUENCE, LA TRAVIATA (VERDI) AND WUTHERING HEIGHTS (HERMANN) - THE THIRD OF THE COMPANY'S NEW WORKS INITIATIVE OFFERINGS AND THE FIRST PROFESSIONAL REVIVAL OF THE WORK. MINNESOTA OPERA PRODUCTIONS FEATURED WORLD-RENOWNED ARTISTS SHOWCASED IN PRODUCTIONS WHICH WERE CONDUCTED, DIRECTED AND DESIGNED BY ACCLAIMED PROFESSIONALS OF THE FIELD. ALONG WITH DISTINGUISHED GUEST ARTISTS, MINNESOTA OPERA'S PRODUCTIONS ALSO FEATURED THE COMPANY'S OWN PROFESSIONAL CHORUS AND ORCHESTRA. DURING THE FISCAL YEAR 2011 SEASON, THE OPERA PRODUCED TWENTY-EIGHT PERFORMANCES FOR THE ENTERTAINMENT AND ENRICHMENT OF OVER 45,000 PATRONS. 332621 126283 MINNESOTA OPERA IS COMMITTED TO THE EDUCATION OF BOTH CURRENT AND FUTURE ARTISTS, AUDIENCES AND PERSONS INTERESTED IN THE OPERATIC ART FORM. THE OPERA'S EDUCATION AND OUTREACH EFFORTS INCLUDED ADULT EDUCATION CLASSES; COOPERATION!, AN IN-SCHOOL RESIDENCY PROGRAM THAT PLACES RESIDENT ARTISTS AND A TEACHING ARTIST IN SECONDARY AND ELEMENTARY SCHOOLS; SPOTLIGHT PARTNERSHIP - A SPECIALIZED IN-SCHOOL RESIDENCY PROGRAM FOR AT-RISK YOUTHS, AUDITION MASTER CLASSES - WHICH PROVIDES OPPORTUNITIES FOR HIGH SCHOOL STUDENTS TO WORK WITH MEMBERS OF THE OPERA STAFF AND GUEST ARTISTS, PROJECT OPERA - CONSISTS OF THREE GROUPS, RAGAZZI (GRADES 4-7), GIOVANI (GRADES 8-12) AND THE APPRENTICE PROGRAM (GRADES 8-12), SUMMER OPERA CAMP - A WEEK-LONG VOCAL TRAINING PROGRAM FOR TEENS, IMAGINEOPERA.ORG - AN EDUCATION SPECIFIC WEBSITE THAT PROVIDES RESOURCES FOR TEACHERS AND STUDENTS TO LEARN ABOUT THE ART FORM, STUDENT MATINEES - OPEN FINAL DRESS REHEARSALS WITH AN INVITED AUDIENCE OF PRIMARILY HIGH SCHOOL STUDENTS, TRIPLE PLAY TEACHER WORKSHOP - A TEACHER WORKSHOP DESIGNED TO HELP TEACHERS TEACH OPERA IN THE CLASSROOM, AND OPERA INSIGHTS - A PRE-PERFORMANCE LECTURE OPEN TO TICKET HOLDERS ONE HOUR BEFORE EACH PERFORMANCE. 249959 0 THE OPERA'S RESIDENT ARTIST PROGRAM PROVIDED SIX SINGERS, TWO OPERA COACHES/PIANISTS, A CONDUCTOR, A DIRECTOR AND A STAGE MANAGER AT THE INITIAL STAGES OF THEIR CAREERS WITH NINE MONTHS OF PROFESSIONAL DEVELOPMENT, INCLUDING VOCAL TRAINING AND COACHING, STAGE TIME, CLASSES AND CAREER COUNSELING. IN ADDITION TO APPEARING IN MINNESOTA OPERA'S PRODUCTIONS, THESE ARTISTS WERE AN INTEGRAL PART OF THE COMPANY'S OUTREACH AND EDUCATION EFFORTS, SERVING AS OPERATIC AMBASSADORS THROUGHOUT THE COMMUNITY BOTH IN SCHOOLS AND AT SPECIAL EVENTS. 470376 210496 THE MINNESOTA OPERA CONTINUED OUR SUCCESSFUL TEMPO PROGRAM, A MEMBERSHIP PROGRAM FOR PEOPLE IN THEIR TWENTIES AND THIRTIES, AS AN INITIATIVE TO CULTIVATE THE NEXT GENERATION OF OPERA GOERS. A SECOND AFFINITY GROUP, OUT AT THE OPERA, FOCUSES ON CONNECTING THE GAY, LESBIAN AND BI-SEXUAL COMMUNITY TO THE ART FORM. THE MINNESOTA OPERA ALSO PROVIDES RENTALS OF SETS AND COSTUMES TO OTHER OPERA COMPANIES THROUGHOUT THE COUNTRY. THE MINNESOTA OPERA ALSO EMBARKED ON A HIGH DEFINITION VIDEO RECORDING OF WUTHERING HEIGHTS FOR RELEASE AT A LATER DATE. 470376 210496 7007133 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 182 0 1 210 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 37 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MN X JEFF COUTURE 6123429551 620 NORTH FIRST STREET MINNEAPOLIS MN 55401 SIDNEY EMERY 2.50 X X 0 0 0 RACHELLE CHASE 2.50 X X 0 0 0 STEPHANIE PREM 2.50 X X 0 0 0 HEINZ HUTTER 2.50 X X 0 0 0 MARTHA GOLDBERG ARONSON 2.50 X 0 0 0 WENDEY BENNETT 2.50 X 0 0 0 JAMES JOHNSON 2.50 X 0 0 0 SHARI BOEHNEN 2.50 X 0 0 0 SUSAN BOREN 2.50 X 0 0 0 KATHLEEN CALLAHAN 2.50 X 0 0 0 SERGIO RIAL 2.50 X 0 0 0 JANE CONFER 0.00 X 0 0 0 MARK SCHWARZMANN 2.50 X 0 0 0 JODI DEHLI 2.50 X 0 0 0 BARRY SNYDER 2.50 X 0 0 0 BIANCA FINE 2.50 X 0 0 0 THOMAS FOLEY 2.50 X 0 0 0 STEVE FOX 2.50 X 0 0 0 DENVER GILLIAND 2.50 X 0 0 0 SHARON HAWKINS 0.00 X 0 0 0 SHARON WINSLOW 2.50 X 0 0 0 PHILIP ISAACSON 2.50 X 0 0 0 LYNNE E LOONEY 2.50 X 0 0 0 DIANA MURPHY 2.50 X 0 0 0 LUIS PAGAN-CARLO 2.50 X 0 0 0 JOSE PERIS 2.50 X 0 0 0 MARY INGEBRAND-POHLAD 2.50 X 0 0 0 ELIZABETH REDLEAF 2.50 X 0 0 0 CONNIE REMELE 2.50 X 0 0 0 MARGARET WURTELE 2.50 X 0 0 0 PETER SIPKINS 2.50 X 0 0 0 SIMON STEVENS 2.50 X 0 0 0 VIRGINIA STRINGER 2.50 X 0 0 0 H BERNT VON OHLEN 2.50 X 0 0 0 MARGARET HOULTON 0.00 X 0 0 0 DAVID MELINE 0.00 X 0 0 0 DON ROMANAGGI 0.00 X 0 0 0 PATRICIA JOHNSON 2.50 X 0 0 0 CHRISTINE LARSEN 2.50 X 0 0 0 MARY LAZARUS 2.50 X 0 0 0 ROBERT LEE 2.50 X 0 0 0 LENI MOORE 2.50 X 0 0 0 BRADFORD PLEIMANN 2.50 X 0 0 0 KEVIN SMITH 40.00 X 188914 0 4331 JEFF COUTURE 40.00 X 81856 0 0 ALLAN NAPLAN 40.00 X 0 0 0 PATRICK DEWANE 40.00 X 139849 0 23004 DALE JOHNSON 40.00 X 123082 0 12617 533701 0 39952 3 0 1 0 MOVING PICTURES INC 5605 DALRYMPLE RD EDINA MN 55424 HD FILM 181320 STAR TRIBUNE PO BOX 1255 MINNEAPOLIS MN 55440 ADVERTISING 129477 SPENCER STUART PO BOX 98991 CHICAGO IL 60693 EXECUTIVE SEARCH 114150 3 401084 4645223 239298 5046307 OPERA SEASON/ADMISSION 711190 2850501 2850501 OUTREACH AND EDUCATION 711190 126283 126283 RENTAL INCOME 711190 90767 90767 MISCELLANEOUS 711190 87687 87687 3155238 519122 1806 517316 32042 32042 32042 32042 1824275 1468996 355279 355279 355279 98989 401084 104299 -5310 -5310 9102678 3187280 1806 867285 380128 290803 89325 3098486 2254160 497436 346890 53397 37139 16253 5 314214 260552 30291 23371 327638 229355 62925 35358 540989 174543 278470 87976 382897 382897 531904 352140 141324 38440 10832 4091 6741 198834 198834 301712 108700 193012 183483 166363 10113 7007 7360 2736 2519 2105 51781 51781 279819 40770 239049 44127 44127 FEES FOR PRODUCTION SER 2852277 2803913 800 47564 THEATER RENTAL 537350 537350 PRODUCTION MATERIALS 511059 511059 EXCHANGE TRANSACTIONS -175258 -134481 -40777 ALLOCATION TO PREPAID E -1036957 -1001450 -10033 -25474 135958 78462 30719 26777 9532030 7007133 1886330 638567 920546 509254 4068237 3725567 157274 170409 873660 1501998 6471308 3075799 3603529 3395509 73695 679237 11364356 11660014 7006699 8044572 28067996 29686560 160440 88427 1735421 1882145 1076307 994778 2972168 2965350 X 1486742 2369708 5548801 4843911 18060285 19507591 25095828 26721210 28067996 29686560 X -429352 2054734 X 0 1 1 X 0 X 7218212 6421233 5636306 5527134 5046307 29849192 7218212 6421233 5636306 5527134 5046307 29849192 4635952 25213240 1053402 846716 524910 546302 551164 3522494 33371686 15982824 0.75550 0.69150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18260285 657406 789900 19707591 17988652 14125 1259873 1002365 18260285 20456669 34730 -1443815 1058932 17988652 0.01000 0.99000 0 1 1 1110000 1110000 3882337 1792181 2090156 643 643 0 1467428 1272075 195353 10900 10900 0 3395509 THE MINNESOTA OPERA ENDOWMENT 11495638 F DLJ VENTURE PARTNERSHIP II 164376 F 11660014 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 7998572 PHILLIPS CHARITABLE REMAINDER TRUST 46000 8044572 9102678 9532030 -429352 1264834 789900 2054734 1625382 9267774 1264834 67774 1332608 7935166 1167512 1167512 9102678 9704103 67774 104299 172073 9532030 0 9532030 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: MOST ENDOWMENT FUNDS ARE HELD TO SUPPORT GENERAL PURPOSES AND PROGRAMMING OF THE MINNESOTA OPERA AS DESCRIBED IN THE MISSION STATEMENT. SOME ADDITIONAL ENDOWMENTS ARE HELD TO SUPPORT THE OPERA FACILITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MINNESOTA OPERA HAS ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10 (PREVIOUSLY FINANCIAL INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF JUNE 30, 2011, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. MINNESOTA OPERA WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. MINNESOTA OPERA IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007 AND STATE EXAMINATIONS FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 789,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECORDED AS REVENUE -104,299. CONTRIBUTIONS RECORDED IN FUND BALANCE FOR FINANCIAL STATEMENTS 1,215,401. INVESTMENT INCOME RECORDED IN FUND BALANCE FOR FINANCIAL STATEMENTS 56,410. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECORDED AS REVENUE 104,299. GALA 420728 356779 63949 12585 1700 26188 23709 2916 LEVAIN 58390 31100 27290 18600 12 2077 1 20955 13205 7750 9577 5016 1919 500073 401084 98989 12585 1700 54365 28737 6912 104299 -5310 X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KEVIN SMITH 188604 0 0 0 310 0 0 0 4914 0 193828 0 0 0 PATRICK DEWANE 139756 0 0 0 93 0 0 0 23587 0 163436 0 0 0 PART I, LINE 1A THE ORGANIZATION PAID FOR THE PRESIDENT'S MOVING EXPENSES BY GROSSING UP COMPENSATION; IT WAS A BONUS TO THE PRESIDENT. FOR THE FIRST MONTH OF ALLAN NAPLAN'S PRESIDENCY, HE LIVED IN AN OPERA APARTMENT RENT FREE. THE ORGANIZATION PAYS SOCIAL CLUB DUES FOR THE PRESIDENT; THIS IS CONSIDERED A BUSINESS EXPENSE AS THE ORGANIZATION REQUIRES THE PRESIDENT TO BE ACTIVE AT THE SOCIAL CLUB. THE ORGANIZATION IS NOT ALLOWED A MEMBERSHIP; THUS IT MUST BE HELD AT THE INDIVIDUAL LEVEL. SPENCER STUART BOARD MEMBER IS PARTNER OF THE SEARCH FIRM 114150 FEES PAID FOR EXECUTIVE SEARCH 0 X 28 191820 HI-LO AVG TRANSFER DATE X SILENT AUCTION ITEMS 157 47478 BID PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT LEE AND STEPHANIE PREM HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE EXECUTIVE COMMITTEE AND THE DEVELOPMENT COMMITTEE DO NOT HAVE CONTEMPORANEOUS MINUTES. ALL OTHERS DO. NEITHER COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD WITHOUT ACTIONS BEING PRESENTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND TREASURER, THEN PRESENTED TO THE FINANCE COMMITTEE FOR REVIEW. THE RETURN IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO FILL OUT AN ANNUAL CONFLICT OF INTEREST FORM. THE FORMS ARE REVIEWED INITIALLY BY THE EXECUTIVE ASSISTANT. ANY CONFLICTS ARE REVIEWED BY THE GOVERNANCE AND NOMINATING COMMITTEE. A PERSON WITH A CONFLICT IS RESTRICTED FROM VOTING ON RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE SALARY OF THE PRESIDENT BASED ON THE OPERA AMERICA HUMAN RESOURCES SURVEY. THIS PROCESS TAKES PLACE ON AN ANNUAL BASIS. IN THE PAST YEAR, THE EXECUTIVE COMMITTEE ALSO APPROVED A COMPENSATION INCREASE FOR THE ARTISTIC DIRECTOR. COMPARISONS FROM THE SAME SURVEY WERE AVAILABLE FOR THEIR USE. THE PRESIDENT DETERMINES THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IN CONJUNCTION WITH THE BUDGET FOR THE FISCAL YEAR. COMPARABILITY DATA IS USED IN THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,264,834. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 789,900. TOTAL TO FORM 990, PART XI, LINE 5: 2,054,734. OAKLEAF ENDOWMENT TRUST FOR MN OPERA 1800 IDS CENTER MINNEAPOLIS MN 55402 416429970 INVESTING MN 501(C)(3) 11A THE MINNESOTA OPERA 1 SIDNEY M PHILLIPS MINNESOTA OPERA CHARITABLE REMAINDER TRUST 5120 FRANCE AVE S 104 MINNEAPOLIS MN 55410 416370497 INVESTING MN N/A T 52491 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 OAKLEAF ENDOWMENT TRUST FOR MN OPERA R 402514 CASH VALUE