2012-11-09T13:50:57-06:00 2012-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2011-07-01 042469627 BOSTON LYRIC OPERA COMPANY BOST 6175424912 11 AVENUE DE LAFAYETTE BOSTON MA 021111736 ESTHER NELSON 6175424912 2012-10-26 1 JOHN BUCKLEY CPA P00830631 5083669100 2012-10-25 2011 2016-02-24 21:20:13Z ESTHER NELSON 11 AVENUE DE LAFAYETTE BOSTON MA 02111 6809298 0 X WWW.BLO.ORG X 1970 MA BLO IS RECOGNIZED FOR ITS ARTISTICALLY EXCELLENT PRODUCTIONS OF A DIVERSE REPERTOIRE THAT ENTERTAIN AND INSPIRE AUDIENCES AND FEATURE EMERGING OPERATIC TALENT. BLO PRODUCES THREE MAINSTAGE PRODUCTIONS AT THE CITI PERFORMING ARTS CENTERS SHUBERT THEATRE IN BOSTON, AND AN OPERA ANNEX PRODUCTION IN A FOUND SPACE. BLO'S PROGRAMS ARE FUNDED, IN PART, BY GRANTS FROM THE MASSACHUSETTS CULTURAL COUNCIL AND NATIONAL ENDOWMENT FOR THE ARTS. 38 37 282 54 0 0 4901985 5096027 1579011 1368156 99100 70806 -14912 -81247 6565184 6453742 0 0 0 0 4132467 4158653 20720 44617 596326 2257167 2174460 6410354 6377730 154830 76012 5647332 5918226 969387 1162196 4677945 4756030 X THE MISSION OF BOSTON LYRIC OPERA IS TO PRODUCE ARTISTICALLY EXCELLENT PRODUCTIONS OF A DIVERSE REPERTOIRE THAT ENTERTAIN AND INSPIRE AUDIENCES; TO FEATURE EMERGING OPERATIC TALENT; AND TO ENGAGE AND EDUCATE THE COMMUNITY OF ALL AGES ABOUT OPERA. BY ACHIEVING ITS MISSION, BLO ENSURES THE FUTURE OF OPERA IN BOSTON AND NEW ENGLAND FOR GENERATIONS TO COME. 0 0 5022243 1374525 CORE OPERA PRODUCTIONS:ESTABLISHED IN 1976, BLO IS THE REGION'S LARGEST AND OLDEST OPERA COMPANY PRODUCING A SEASON OF PROFESSIONAL, FULLY-STAGED OPERA. THE COMPANY OFFERS A DIVERSE REPERTOIRE RANGING FROM THE MOST POPULAR OPERAS TO RARELY PERFORMED AN /OR NEW WORKS. HOUSED IN THE 1500-SEAT SHUBERT THEATRE, BLO CURRENTLY STAGES FIVE PERFORMANCES EACH OF THREE MAINSTAGE PRODUCTIONS. AN ADDITIONAL PRODUCTION, CALLED OPERA ANNEX, IS PRODUCED ANNUALLY IN AN ALTERNATIVE SPACE OUTSIDE THE TRADITIONAL THEATRE. OVER 20,000 PEOPLE ATTEND BLO PERFORMANCES ANNUALLY. 116407 EDUCATION AND COMMUNITY PROGRAMS:BOSTON LYRIC OPERA'S EDUCATION AND COMMUNITY PROGRAMS OFFER AN ARRAY OF OPPORTUNITIES FOR INDIVIDUALS OF ALL AGES TO LEARN ABOUT AND TO EXPERIENCE OPERA. FOR ADULTS, BLO OFFERS PRE-PERFORMANCE LECTURES AND SPECIAL INTERMISSION PROGRAMS IN THE THEATRE, AS WELL AS PROGRAMMING IN PARTNERSHIP WITH THE MUSEUM OF FINE ARTS, BOSTON THAT EXPLORES OPERA THROUGH DIFFERENT ART FORMS (THEATRE, LITERATURE, CINEMA, VISUAL ART) AT THE MFA AND FREE COMBINATION LECTURE/PERFORMANCE PROGRAMS AT THE BOSTON PUBLIC LIBRARY. FOR HIGH SCHOOL STUDENTS, BLO OFFERS FREE DRESS REHEARSAL PASSES, AND FOR COLLEGE STUDENTS, HALF-PRICE OPERA TICKETS. FOR ALL AGES, THERE IS AN ANNUAL FREE OUTDOOR CONCERT PERFORMANCE AT THE DCR HATCH SHELL AND A FREE OPEN HOUSE (PERFORMANCES, ACTIVITIES, BACKSTAGE TOURS) IN THE SHUBERT THEATRE. TO SERVE YOUTH IN THE COMMUNITY, BLO OFFERS OPERA CURRICULUM TRAINING TO EDUCATORS THAT ENABLE THEM TO LEAD THEIR STUDENTS IN CREATING THEIR OWN OPERAS IN THE CLASSROOM DURING THE SCHOOL YEAR WITH BLO ADMINISTRATIVE AND TEACHING ARTIST SUPPORT AND THEN PRESENTING THEM IN A FESTIVAL AT A PROMINENT CHILDRENS THEATRE EACH SPRING. BLO ALSO PARTNERS WITH WHEELOCK FAMILY THEATRE TO PRESENT SEVERAL WEEK-LONG OPERA WORKSHOPS FOR TEENS ANNUALLY. THESE PROGRAMS FOR EDUCATORS AND STUDENTS HELP TO FILL THE GAP CREATED BY CUTS TO MUSIC AND ARTS EDUCATION IN THE PUBLIC SCHOOLS. OVER 10,000 PEOPLE ATTEND BLO EDUCATION AND COMMUNITY PROGRAMS ANNUALLY. 5138650 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 119 0 282 1 0 0 0 0 0 1 1 0 0 0 0 X 38 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X X KATHLEEN CREEGAN DAMASKOS 6175424912 11 AVENUE DE LAFAYETTE BOSTON MA 021111736 ESTHER NELSON 40.00 X X 212775 0 5166 STEVEN P AKIN 5.00 X X 0 0 0 JANE AKIN 1.00 X 0 0 0 DAVID B ARNOLD JR 1.00 X 0 0 0 LINDA CABOT BLACK 1.00 X 0 0 0 MIGUEL DE BRAGANCA 1.00 X 0 0 0 JOANNE WALTON DICKINSON ESQ 1.00 X 0 0 0 SUSAN D EASTMAN 1.00 X 0 0 0 KENNETH L FREED 1.00 X 0 0 0 THOMAS D GILL JR 2.00 X 0 0 0 CATHERINE E GREIN 2.00 X X 0 0 0 ANNELIESE M HENDERSON 1.00 X 0 0 0 MIMI HEWLETT 1.00 X 0 0 0 HORACE H IRVINE II 1.00 X 0 0 0 SUSAN W JACOBS 1.00 X 0 0 0 MARIA J KROKIDAS 1.00 X 0 0 0 ABIGAIL B MASON 1.00 X 0 0 0 RICHARD OLNEY III 1.00 X 0 0 0 A NEIL PAPPALARDO 1.00 X 0 0 0 E LEE PERRY 1.00 X 0 0 0 SHIRLEY B PERRY 1.00 X 0 0 0 WILLIAM POUNDS 1.00 X 0 0 0 ALICIA COONEY QUIGLEY 1.00 X 0 0 0 DAVID W SCUDDER 1.00 X 0 0 0 SUSAN R SHAPIRO 1.00 X 0 0 0 RAY STATA 1.00 X 0 0 0 WAT TYLER 1.00 X 0 0 0 FRANK WISNESKI 1.00 X X 0 0 0 CHRISTOPHER R YENS 1.00 X 0 0 0 TANIA ZOUIKIN 1.00 X 0 0 0 ALAN DYNNER 1.00 X 0 0 0 STEPHEN T KUNIAN 1.00 X 0 0 0 MICHAEL SHANAHAN 1.00 X 0 0 0 WAYNE DAVIS 1.00 X 0 0 0 LOIS A LAMPSON 1.00 X 0 0 0 BARBARA WINTER GLAUBER 1.00 X 0 0 0 MICHAEL PUZO 1.00 X 0 0 0 DAVID SHUKIS 1.00 X 0 0 0 J STEPHANIE GIACALONE 1.00 X 0 0 0 KATHLEEN CREEGAN DAMASKOS 40.00 X 104821 0 5753 317596 0 10919 2 0 1 0 0 505711 65950 4524366 395798 5096027 TICKET SALES 900099 1368156 1368156 1368156 51730 51730 181676 162600 19076 19076 19076 102340 505711 192956 -90616 -90616 OTHER INCOME 900099 6369 6369 OTHER FUNDRAISING 900099 3000 3000 9369 6453742 1374525 0 -16810 339321 110084 229237 3531312 3020843 186853 323616 18587 9161 5473 3953 85294 50348 13430 21516 184139 126419 34288 23432 22469 22469 44617 44617 11659 11659 141819 136871 928 4020 131329 131329 10207 5679 1613 2915 128953 67035 30939 30979 34076 26295 3714 4067 80906 18619 6257 56030 14076 7320 3378 3378 27908 17418 5245 5245 PRODUCTION 1174670 1172883 0 1787 OUTSIDE SERVICES 127054 80650 23202 23202 PRINTING AND PUBLICATIO 107747 85140 726 21881 BANK CHARGES 46790 40 45785 965 114797 72516 17558 24723 6377730 5138650 642754 596326 413444 466544 619705 606095 3066402 3313042 197682 103014 191627 154910 22330 36717 1291857 1364386 35912 28428 5647332 5918226 157294 186755 804305 932088 7788 43353 969387 1162196 X 217490 295478 3330230 3330327 1130225 1130225 4677945 4756030 5647332 5918226 X 76012 2073 X 0 1 1 X 0 X 3591657 5094373 3946273 5073385 5201367 22907055 3591657 5094373 3946273 5073385 5201367 22907055 5284235 17622820 109391 64167 51276 49813 51730 326377 647010 103187 81740 41088 6369 879394 24112826 8543155 0.73080 0.69330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1271712 53085 -64000 1260797 1105157 226584 -60000 1271711 996753 168404 -60000 1105157 1174405 -177652 996753 0.90000 0.10000 0 0 191627 154910 36717 36717 DEFERRED RENT 43353 43353 6453742 6377730 76012 2073 2073 78085 6786102 2073 148990 192956 344019 6442083 11659 11659 6453742 6708017 148990 192956 341946 6366071 11659 11659 6377730 PARTS XII & XIII - OTHER REVENUE AND EXPENSES CONSIST OF SPECIAL EVENT EXPENSES NETTED WITH INCOME ON THE STATEMENT OF REVENUE IN THE 990. PART V, #4 - BLO HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE PRIMARY LONG-TERM FINANCIAL OBJECTIVE IS TO PRESERVE THE REAL (I.E. INFLATION ADJUSTED) VALUE OF THE ENDOWMENT INVESTMENT PORTFOLIO. THIS OBJECTIVE IS MEASURED ON AN INTERMEDIATE AND LONG-TERM BASIS (THREE, FIVE AND TEN YEARS). THE SECONDARY FINANCIAL OBJECTIVES ARE TO PROVIDE WITHIN THE PARAMETERS OF MODERATE RISK 1) ANNUAL INCOME, DEFINED AS TOTAL RETURN FROM INTEREST, DIVIDENDS AND APPRECIATION IN EXCESS OF INFLATION, AND 2) LONG-TERM GROWTH OF THE ASSETS. TO SATISFY ITS OBJECTIVES, BLO RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST AND DIVIDENDS). BLO TARGETS A DIVERSIFIED ASSET ALLOCATION THAT INCLUDES EQUITIES AND FIXED INCOME INVESTMENTS WITHIN PRUDENT RISK CONSTRAINTS. BLO HAS ADOPTED AN INVESTMENT SPENDING POLICY RELATED TO ITS ENDOWMENT ASSETS THAT INCORPORATES THE TRANSFER OF UP TO 5% OF THE VALUE OF ENDOWMENT ASSETS TO THE OPERATING BUDGET, SUBJECT TO ECONOMIC AND OTHER FACTORS: GENERAL ECONOMIC CONDITIONS, THE EXPECTED TOTAL RETURN ON INVESTMENTS FROM INCOME AND APPRECIATION, AND OTHER ORGANIZATIONAL RESOURCES. PART X, #2- BLO FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD WHICH REQUIRES BLO TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2012, BLO DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. INFORMATION RETURNS FILED FOR THE PRIOR THREE YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MASSACHUSETTS TAX AUTHORITIES. BLO DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. X X X X X X X 1 TAYLAR DEVELOPMENT 219 N MILWAUKEE ST 5TH FLOOR MILWAUKEE WI 53202 TELEPHONE FUNDRAISING CAMPAIGN 0 64777 30440 34337 64777 30440 34337 MA GALA 532714 481789 50925 60024 12356 24679 SIGNATURE SERIES 38512 23922 14590 16346 96 7269 4 36825 36825 68871 252 3063 608051 505711 102340 145241 12704 35011 192956 -90616 X X X X X 0 0 0 0 0 0 0 0 0 ESTHER NELSON 212775 0 0 0 0 0 2305 0 2861 0 217941 0 0 0 X 15 395798 SELLING PRICE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS STEVEN P. AKIN AND JANE AKIN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS GIVEN TO THE FINANCE COMMITTEE FOR REVIEW. ONCE IT IS APPROVED, THE FULL BOARD IS PROVIDED WITH THE FORM 990 FOR FINAL REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOSTON LYRIC OPERA COLLECTS CONFLICT OF INTEREST DISCLOSURE STATEMENTS ANNUALLY FROM ALL BOARD MEMBERS AND FROM STAFF MEMBERS WITH SIGNIFICANT DECISION-MAKING AUTHORITY. POTENTIAL CONFLICTS OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE CHAIR OF THE BOARD AND/OR GENERAL DIRECTOR OF THE COMPANY FOR CONSIDERATION BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A BOSTON LYRIC OPERA USES SEVERAL INFORMATION SOURCES TO ESTABLISH COMPENSATION. THESE SOURCES INCLUDE SURVEY OF SALARY INFORMATION FOR POSITION EQUIVALENTS IN SELECTED MA CULTURAL INSTITUTIONS, OPERA AMERICA DATA ON SALARIES FROM ITS MOST RECENT SALARY AND BENEFITS SURVEY AND INDEPENDENT RESEARCH BY AN INDEPENDENT HR EXECUTIVE. FORM 990, PART VI, SECTION C, LINE 19 BOSTON LYRIC OPERA DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE COMPANY'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,073.