2011-05-05T12:54:28-05:00 2010-06-30 KPMG LLP 355 S Grand Ave Suite 2000 Los Angeles CA 90071 990 2009-07-01 952096402 Los Angeles Opera Company LOSA 2139727219 135 North Grand Avenue Los Angeles CA 900123013 FAITH RAIGUEL 2011-04-26 2139724000 2009 2016-02-24 21:20:13Z FAITH RAIGUEL 135 n grand avenue los angeles CA 900123013 54220984 false X www.losangelesopera.com X 1983 CA To produce operas in order to expand and enrich the cultural interests of the Los Angeles community. the organization is a resident company of the performing arts center of los angeles county. 83 76 990 220 0 0 34054679 41170929 19693551 12624194 24565 104453 -237903 -140591 53534892 53758985 0 0 0 0 32972124 26807933 232440 180914 2330286 28264867 22899538 61469431 49888385 -7934539 3870600 45567341 58990857 35002208 42789922 10565133 16200935 THE LOS ANGELES OPERA COMPANY IS A NONPROFIT, TAX-EXEMPT ENTITY ORGANIZED TO PRODUCE OPERAS IN ORDER TO EXPAND AND ENRICH THE CULTURAL INTERESTS OF THE LOS ANGELES COMMUNITY. THE ORGANIZATION IS A RESIDENT COMPANY OF THE PERFORMING ARTS CENTER OF LOS ANGELES COUNTY. false false 41225152 0 12424198 Opera: From July 1, 2009 through June 30, 2010, the Los Angeles Opera Company (the "Company") produced 50 performances, consisting of eight operas, including three complete RING cycles, and two recitals. These performances were attended by over 110,000 people. 918661 0 95199 Education and Community Outreach : The Company brought its in-school opera program to 25 public schools and 25,000 students; 3,000 students attended special main stage performances. The Opera for Educators and Opera 101 programs served over 12,000 students and 200 teachers. The Speakers Bureau and Library project reached over 7,200 citizens. A touring demonstration program reached 10,000 students. Altogether, the Company brought opera to almost 60,000 under-served residents. 723174 0 0 Domingo-Thornton Young Artist Program : Created by Placido Domingo, this is a competitive residency for singers and pianists of exceptional talent. Extensive training is provided to further develop their skills in main-stage roles, as principal artists' covers, and in concerts and productions. During the year, eleven young artists, nine singers and two pianists, were cast in thirty main-stage roles. 718764 0 104797 43585751 true true false false false false false false true true true false false false false false false true true false false false false true false false false true false false false true true false false false false false false false false true 195 0 true 990 true false false false false false true true false false false 83 76 true false false false false false false true true false false false true true true true true true true false CA X FAITH RAIGUEL 2139727219 135 N GRAND AVENUE LOS ANGELES CA 900123013 Stern Marc I 10.0 X X 0 0 0 Henry Carol F 10.0 X X 0 0 0 Greenberg Bernard A 5.0 X X 0 0 0 Henry Warner W 5.0 X X 0 0 0 Musco Sebastian Paul 2.0 X X 0 0 0 Panic Milan 2.0 X X 0 0 0 Ziering Marilyn 2.0 X X 0 0 0 Walker Christopher V 5.0 X X 0 0 0 Shapiro Marvin S 5.0 X X 0 0 0 Bouzari Alex K 5.0 X 0 0 0 Dorman Leslie A 5.0 X 0 0 0 Hayley Mary 2.0 X 0 0 0 Leichtman Lauren B 2.0 X 0 0 0 Okun Milton T 2.0 X 0 0 0 Sands Fred C 2.0 X 0 0 0 Seaver R Carlton 2.0 X 0 0 0 Stein Eugene P 2.0 X 0 0 0 AldenGeraldine PhD 2.0 X 0 0 0 Antonowsky Marvin 2.0 X 0 0 0 Asperger James R 2.0 X 0 0 0 Bagerdjian Haig S 2.0 X 0 0 0 Baldauf Jill C 5.0 X 0 0 0 Barkat Moshe 2.0 X 0 0 0 Barry David N 2.0 X 0 0 0 Barth III Marvin J 2.0 X 0 0 0 Baxter Ambassador Frank E 2.0 X 0 0 0 Baxter Nancy 2.0 X 0 0 0 Berke Dr Gerald 2.0 X 0 0 0 Black Joyce 2.0 X 0 0 0 Bloch Paul 2.0 X 0 0 0 Brittan Linda T 2.0 X 0 0 0 Colburn Lisa Kirk 1.0 X 0 0 0 Conn Walter J 2.0 X 0 0 0 Daniels Edgar Foster 1.0 X 0 0 0 Day Kelly 2.0 X 0 0 0 Donnelley Laura 2.0 X 0 0 0 Emery Geoff 2.0 X 0 0 0 Franzen Don Erik 5.0 X 0 0 0 Frye Gerri Lee 5.0 X 0 0 0 Furlotti Alexander 2.0 X 0 0 0 Garner Craig 2.0 X 0 0 0 Gold Ruth R 2.0 X 0 0 0 Gottlieb Brindell Roberts 2.0 X 0 0 0 Gottschalk Thomas 1.0 X 0 0 0 Gray Peter 2.0 X 0 0 0 Hollinger Judge Judith O 2.0 X 0 0 0 Hotchkis Mrs John F 2.0 X 0 0 0 Jones Richard 2.0 X 0 0 0 Karpman Dr Harold L 2.0 X 0 0 0 Kern Lawrence A 2.0 X 0 0 0 Kranz Thomas F 2.0 X 0 0 0 Kuppenheimer Robert 2.0 X 0 0 0 Landry Edward A 2.0 X 0 0 0 Lieb Judy 2.0 X 0 0 0 Lord Scott Richard 2.0 X 0 0 0 MacLean Jennifer Trochez 2.0 X 0 0 0 Mann Claude 2.0 X 0 0 0 Mariash Donna G 2.0 X 0 0 0 Mollura Carlos A 2.0 X 0 0 0 Nagelberg Dr Steven 2.0 X 0 0 0 Pam Leslie A PhD 2.0 X 0 0 0 Ray Harold B 5.0 X 0 0 0 Ronus Robert 2.0 X 0 0 0 Rosenberg Jaclyn B 2.0 X 0 0 0 Sadoff Armin M MD 2.0 X 0 0 0 Sanders Barry A 2.0 X 0 0 0 Schoenberg E Randol 2.0 X 0 0 0 See Lisa 2.0 X 0 0 0 Seidel Joan 2.0 X 0 0 0 Semel Dr Chester 2.0 X 0 0 0 Shahin Dr Carol 2.0 X 0 0 0 Small Eric L 2.0 X 0 0 0 Straus Mrs Dorothy B 2.0 X 0 0 0 Strauss Dr James A 2.0 X 0 0 0 Teichert Barbara Augusta 2.0 X 0 0 0 Terner Sandra W 2.0 X 0 0 0 Tosetti Paul D 2.0 X 0 0 0 Troop Richard E 2.0 X 0 0 0 Troy Brigitta B 2.0 X 0 0 0 Wacker Roger 2.0 X 0 0 0 Wigan Gareth 2.0 X 0 0 0 Williamson Alyce 2.0 X 0 0 0 Domingo Placido 20.0 X 422900 0 552022 Conlon James 20.0 X 1137882 0 93450 Rountree Stephen D 20.0 X 186674 0 0 Raiguel Faith 40.0 X 229615 0 12956 Shapiro Marilyn 40.0 X 264052 0 8772 Koelsch Christopher 40.0 X 200367 0 8226 Nuckols John 40.0 X 196399 0 4349 Canin Stuart 40.0 X 199957 0 10491 Williams Steven 40.0 X 199948 0 41077 Conroy Jr Harold 40.0 X 188155 0 37232 Gershon Grant 25.0 X 176508 0 2208 Tate Allen 40.0 X 171326 0 35022 3573783 0 805805 44 false true false achim freyer KADETTENWEG 53 BERLIN 0 GM D-12205 ARTIST FEES 691902 Vocale LLC fso Vitaly Kovalov 367 Hoop Pole Hill WOODBURY CT 06798 Artist Fees 294900 Eric Halfvarson 1264 Harwood Road Suite 100 BEDFORD TX 76021 artist fees 280900 Nathan Gunn 48 Greencroft Drive CHAMPAIGN IL 61821 Artist Fees 234450 Linda Watson PORZELLANZ 56 VIENNA 0 AU A-1090 Artist Fees 196450 14 634392 614133 39922404 281135 41170929 TICKET SALES AND FEES 711190 12424198 12424198 OUTREACH INCOME 611710 127394 127394 PRODUCTION RENTAL 711190 72602 72602 12624194 104453 104453 0 0 0 81830 634392 461999 -380169 -380169 0 0 MISCELLANEOUS INCOME 900099 221227 221227 GAIN ON INTEREST RATE SWAP AGREEMENT 900099 18351 18351 239578 53758985 12624194 0 -36138 0 0 0 0 2832548 1887052 726439 219057 0 18743825 17093910 863000 786915 175187 150025 11313 13849 3303617 3175101 61056 67460 1752756 1585270 90335 77151 0 21865 20 21845 124929 124929 0 180914 180914 0 7286485 7264283 22202 1737566 1671730 65836 732108 533526 110037 88545 103565 9682 93883 38694 38694 1657663 1449510 206939 1214 1227237 1109464 86984 30789 0 329 329 794455 794455 0 497207 416576 80631 223944 223944 PHYSICAL PRODUCTION COSTS 5909964 5908864 1100 CONSULTING FEES 799332 616776 109954 72602 SPECIAL PROGRAMS 557100 126721 430379 CREDIT CARD DISCOUNTS 474770 412310 406 62054 BAD DEBT EXPENSE 167025 167025 545300 135928 365821 43551 49888385 43585751 3972348 2330286 353091 1376196 6751 5607450 17808317 28176607 538618 800967 7452831 2394963 8535452 7096593 1898138 1438859 10418993 11094658 7090602 8101157 45567341 58990857 7212515 9107686 7161193 6196216 9628500 4486020 11000000 23000000 35002208 42789922 X -20472411 -19788548 11502691 8888771 19534853 27100712 10565133 16200935 45567341 58990857 X false true true X false X false false false 28153836 32854122 40715050 34054679 41170929 176948616 18133939 21321584 18708955 19693551 12624194 90482223 46287775 54175706 59424005 53748230 53795123 267430839 1600000 9399093 12741500 5051040 11700050 40491683 1600000 9399093 12741500 5051040 11700050 40491683 226939156 913026 1091387 289801 24565 104453 2423232 913026 1091387 289801 24565 104453 2423232 228812 334831 609505 445919 321408 1940475 47429613 55601924 60323311 54218714 54220984 271794546 0.83497 0.73242 0.00892 0.00970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10418993 15900 1265929 590264 11110558 13611688 16030 -2781074 427651 10418993 0.00000 1.00000 0.00000 true false 967297 864935 102362 7176693 5847127 1329566 391462 384531 6931 1438859 BENEFICIAL INTEREST IN TRUST 8101157 8101157 53758985 49888385 3870600 1166217 598985 1765202 5635802 56461463 1166217 937276 598985 2702478 53758985 53758985 50825661 937276 937276 49888385 49888385 Part XI, Line 8 Change in value of beneficial interest in perpetual trust 598,985 Part XII, Line 2d Change in value of beneficial interest in perpetual trust 598,985 Part V, Line 4 The Opera's Investment Committee, a subcommittee of the Board of Directors, has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. To satisfy the long-term rate of return objectives, the Opera relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). In order to support the long-term growth of the Opera, the Investment Committee has established a spending rate policy where the endowment shall annually distribute 5% of its fair value. For funds with donor-imposed asset allocations or distributions, the distributions will conform to the donor's expressed wishes. This spending rate policy is consistent with the Opera's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through net gifts and investment return. X X X X X X X true SDA Teleservices Inc Telefunding false 313074 180914 132160 313074 180914 132160 CA 09/10 Gala 236717 214637 22080 300 115125 10000 276868 10/11 Gala 300370 271940 28430 2 179135 147815 31320 29808 1000 28898 716222 634392 81830 300 144933 11000 305766 461999 -380169 X X X true true X X X X false false false false false false false false false Domingo Placido 422900 0 0 0 0 0 552022 0 0 0 974922 0 100000 0 Conlon James 1130000 0 0 0 7882 0 0 0 93450 0 1231332 0 80000 0 Rountree Stephen D 186674 0 0 0 0 0 0 0 0 0 186674 0 0 Raiguel Faith 199344 0 30271 0 0 0 4000 0 8956 0 242571 0 0 0 Shapiro Marilyn 204352 0 0 0 59700 0 4000 0 4772 0 272824 0 0 0 Koelsch Christopher 193936 0 6431 0 0 0 3496 0 4730 0 208593 0 0 0 Nuckols John 189901 0 6498 0 0 0 3533 0 816 0 200748 0 0 0 Canin Stuart 199957 0 0 0 0 0 6193 0 4298 0 210448 0 0 0 Williams Steven 199948 0 0 0 0 0 20058 0 21019 0 241025 0 0 0 Conroy Jr Harold 188155 0 0 0 0 0 18218 0 19014 0 225387 0 0 0 Gershon Grant 176508 0 0 0 0 0 2208 0 0 0 178716 0 0 0 Tate Allen 171326 0 0 0 0 0 17133 0 17889 0 206348 0 0 0 compensation information schedule j Part I, Line 1a FIRST CLASS TRAVEL IS SOMETIMES PROVIDED TO PLACIDO DOMINGO AND JAMES CONLON. THIS TRAVEL IS CONDUCTED FOR BUSINESS PURPOSES AND IS NOT TREATED AS TAXABLE COMPENSATION TO DOMINGO OR CONLON AS IT IS A BUSINESS EXPENSE OF THE ORGANIZATION. LIMITED TRAVEL FOR COMPANIONS IS PROVIDED TO MEMBERS OF CONLON'S FAMILY SUBJECT TO RESTRICTIONS. TRAVEL FOR CONLON'S FAMILY IS INCLUDED IN HIS 1099 REPORTABLE COMPENSATION. HOUSING PROVIDED TO CONLON IN LOS ANGELES IS NOT TREATED AS TAXABLE COMPENSATION BECAUSE IT IS NOT HIS PRIMARY RESIDENCE BUT IS A REQUIREMENT OF HIS EMPLOYMENT WITH THE ORGANIZATION. HOUSING IS PROVIDED FOR MARILYN SHAPIRO AND IS INCLUDED IN HER W-2 REPORTABLE COMPENSATION. Part II Total compensation for Placido Domingo includes General Director fees of $702,022 and performance fees of $272,900. The General Director fees include payments totaling $100,000 that were deferred from a prior year. Total compensation for James Conlon includes Music Director fees of $270,000 and performance fees of $860,000. The performance fees include payments totaling $80,000 that were deferred from a prior year. Marc Stern Temp Finance of Ops X 10170000 2551020 false true true Leslie Dorman Temp Finance of Ops X 450000 435000 false true true Warner Carol Henry Temp Finance of Ops X 2000000 1500000 false true true 4486020 Moshe Barkat Board Member 100290 Paid Video Production Fee false X 13 214690 See Part II X 1 32985 See Part II X Other-Travel&Accomodations 1 33460 See Part II 0 false true false Part I Column B Number of Contributions This equals the number of contributions received. Part I, Column D Method of Determining Revenues Contributed property is recorded as income at the fair value of the property on the date of donation. The fair value of publicly traded securities is based on quoted market prices. The fair value of Production materials and Advertising is based on the market price of those items if they had been purchased from the Donor. The fair value of Travel and Accomodations is based on third party receipts for the specific items as provided by the Donor. Part III, line 4d Other Program Services in addition to its three major programs, the company recorded TAMERLANO for possible future distribution; produced an opera project at the our lady of the angels cathedral free to the public; and had a series of radio broadcasts on local and national broadcasts. all of these projects extend the reach of the company into the community. Part VI, Section B, Line 11A Review of Form 990 The final draft of the Form 990 is reviewed by the CFO and CEO of the LA Opera, and edited if required. Prior to presentation to the Audit Committee, the Chair of the Board reviews the draft and proposes edits, if required. It is the practice of the LA Opera to circulate the public inspection copy which excludes Schedule B, confidential donor list, to the Audit Committee for discussion, review and approval prior to filing. Further, the public inspection copy without Schedule B is made available to the full board subsequent to filing by electronic or other means. Part VI, Section B, Line 12c Monitoring and enforcing compliance with Conflict of Interest The organization has a written conflict of interest policy adopted by the board for board members, officers and key employees. The policy was adopted at a full board meeting on June 2, 2009, increasing awareness of the need to disclose conflict of interest. Any business relationship that is, or may be perceived to be, a conflict of interest is discussed and approved by the board. Also, a personalized letter to each board member, signed by the Chairman of the Board, was circulated specifically requesting review of the policy which was attached, as well as requesting response to a questionnaire. Each board member, officer and key employee sends a completed questionnaire to the Chief Financial Officer. Questionnaires not responded to are followed up with a phone call. Any disclosed conflict was discussed with the Chairman of the Board and the Chief Operating Officer. Part VI, Section B, Line 15A&B PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT, OTHER OFFICERS & KEY employees The Compensation Committee of the Board meets annually to review and approve the compensation, or change in compensation, of the following positions, and other Key Employees (definition below): * General Director * Music Director * Chief Operating Officer * Chief Financial Officer * Executive Vice President * Vice Presidents The Compensation Committee is composed of board members independent with regard to the compensation arrangement. In its efforts to compensate employees fairly for their services, the Committee utilizes the following in determining appropriate levels of compensation: * Independent compensation consultant * Compensation surveys or studies of comparable organizations * Industry group surveys i.e. Opera America * Form 990 of comparable organizations Compensation agreements were approved by the committee and the Board of Directors. Documentation includes the terms of the transaction and the date it was approved, members present during debate and those who voted on it, the comparability data relied upon and how it was obtained, and any actions taken with respect to consideration of the transaction by anyone who is otherwise a member of the authorized body but who had a conflict of interest with respect to the transaction. Part VI, Section C, Line 16a&b joint venture policy Any proposed joint venture must be submitted for approval by a member of the Legal Committee in accordance with the Policy Statement regarding Contract Signing Authorization adopted by the Board of Directors on January 7, 2008. The joint venture shall also comply with all other requirements of the Policy Statement. It is the policy of the LA Opera to enter into a joint venture arrangement only if it is consistent with the mission of the organization; And it does not jeopardize the tax exempt status of the organization; And specifically the operation of the joint venture must not result in any prohibited private benefit. If a joint venture is contemplated, it is disclosed to the Finance Committee for action in accordance with this Policy, and, if deemed appropriate, advice of legal counsel or tax advisors secured before entering into the joint venture or other arrangement. Sample joint ventures include television broadcasts, dvds & cds. Before making any decision to participate in a joint venture, LA Opera will ensure that the joint venture furthers LA Opera's exempt purposes and will negotiate at arm's length contractual and other terms of participation that safeguard LA Opera's exemption from federal and state income tax. Part VI, Section C, Line 19 Process for disclosing governing documents The LA Opera makes its governing documents, conflict of interest policy and audited financial statements available to the public upon request. Part VI, Section A, Line 2 Family Relationship Two of the board members are married, Warner and Carol Henry.