2011-11-07T15:05:12-06:00 2011-06-30 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2010-07-01 042469627 BOSTON LYRIC OPERA COMPANY BOST 6175424912 11 AVENUE DE LAFAYETTE BOSTON MA 021111736 ESTHER NELSON 6175424912 2011-11-04 1 JOHN BUCKLEY CPA 5083669100 2010 2016-03-07 17:11:31Z X ESTHER NELSON 11 AVENUE DE LAFAYETTE BOSTON MA 02111 6928483 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, AN OPERA ANNEX PRODUCTION IN A FOUND SPACE, AND A PRODUCTION OF A FULLY STAGED, ONE-HOUR ENGLISH VERSION OF A POPULAR OPERA FOR YOUNG AUDIENCES THROUGHOUT NEW ENGLAND.BLO'S PROGRAMS ARE FUNDED, IN PART, BY GRANTS FROM THE MASSACHUSETTS CULTURAL COUNCIL AND NATIONAL ENDOWMENT FOR THE ARTS. 37 36 293 54 0 0 3946273 4901985 1758205 1579011 18443 99100 24519 -14912 5747440 6565184 0 0 0 0 4145964 4132467 0 20720 566197 2217937 2257167 6363901 6410354 -616461 154830 5469287 5647332 1104498 969387 4364789 4677945 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 4893038 1519512 CORE OPERA PRODUCTIONS:ESTABLISHED IN 1976, BLO IS THE REGION'S LARGEST AND OLDEST OPERA COMPANY PRODUCING A SEASON OF PROFESSIONAL, FULLY STAGED OPERA. HOUSED IN THE 1,500-SEAT SHUBERT THEATRE, BLO CURRENTLY STAGES SIX PERFORMANCES EACH OF THREE MAINSTAGE PRODUCTIONS. OVER 20,000 ATTEND THE MAINSTAGE PERFORMANCES ANNUALLY. IN THE 2009-2010 SEASON, BLO ADDED A FOURTH PRODUCTION, CALLED OPERA ANNEX, A FULLY-STAGED OPERA DESIGNED FOR AN ALTERNATIVE SPACE OUTSIDE THE TRADITIONAL OPERA THEATER. THE COMPANY OFFERS A DIVERSE REPERTOIRE RANGING FROM THE MOST POPULAR OPERAS TO RARELY PERFORMED AND/OR NEW WORKS. 258872 100587 EDUCATION AND COMMUNITY PROGRAMS:BOSTON LYRIC OPERA'S EDUCATIONAL AND COMMUNITY PROGRAMS OFFER AN ARRAY OF OPPORTUNITIES FOR INDIVIDUALS TO LEARN ABOUT AND TO EXPERIENCE OPERA. BLO HAS PROGRAMS FOR ALL AGES INCLUDING IN-DEPTH LECTURES, MULTI-WEEK COURSES, FREE CONCERT PERFORMANCES IN THE COMMUNITY AND FREE PRE-PERFORMANCE TALKS FOR ADULTS; FREE DRESS REHEARSAL PASSES FOR HIGH SCHOOL STUDENTS; AND HALF-PRICE TICKETS FOR COLLEGE STUDENTS. THE COMPANY'S FLAGSHIP YOUTH EDUCATIONAL PROGRAM BRINGS OPERA TO SCHOOL CHILDREN AND FAMILIES THROUGHOUT NEW ENGLAND. THROUGH ITS COMPREHENSIVE APPROACH INCLUDING STUDY GUIDES, PERFORMANCE PREVIEWS, AND FULLY-STAGED, ONE-HOUR VERSIONS OF POPULAR OPERAS SUNG IN ENGLISH, BLO HAS DEVELOPED A HIGHLY EFFECTIVE AND ENGAGING WAY TO INTRODUCE OPERA TO STUDENTS, EDUCATORS AND FAMILIES. THIS INVALUABLE PROGRAM HELPS TO FILL THE GAP CREATED BY CUTS TO MUSIC AND ARTS EDUCATION IN THE PUBLIC SCHOOLS. IN THE 2009-2010 SEASON, BLO ADDED SIGNATURE SERIES, A NEW PARTNERSHIP WITH THE MUSEUM OF FINE ARTS THAT OFFERS AN EXPLORATION OF OPERA THROUGH DIFFERENT ART FORMS (THEATER, LITERATURE, CINEMA, VISUAL ART) AT THE MFA.; OPEN HOUSE, WHEN BLO OPENED THE DOORS OF THE SHUBERT THEATRE-AND-OPERA-FOR A FREE DAY OF PERFORMANCES, ACTIVITIES, BACKSTAGE TOURS AND MORE TO ADULTS, KIDS, OPERA AFICIONADOS AND NEWCOMERS. 5151910 1 1 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 1 122 0 293 1 0 0 0 0 0 1 1 0 0 X 37 36 0 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 208186 0 5258 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 J STEPHANIE GIACALONE 2.00 X X 0 0 0 THOMAS D GILL JR 2.00 X 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 ELLEN KAPLAN 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 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 KATHLEEN CREEGAN DAMASKOS 40.00 X 97988 0 5238 306174 0 10496 1 0 1 0 0 289736 53800 4558449 443327 4901985 TICKET SALES 900099 1579011 1579011 1579011 51703 51703 183296 135899 47397 47397 47397 142811 289736 227400 -84589 -84589 OTHER INCOME 900099 41088 41088 OTHER FUNDRAISING 900099 28589 28589 69677 6565184 1620099 0 43100 324393 107629 216764 3538135 3019519 187501 331115 16233 9481 2395 4357 73918 38106 14718 21094 179788 131229 24399 24160 20706 20706 20720 20720 11353 11353 48061 34324 6504 7233 136739 136564 175 11237 1748 7665 1824 129288 64644 31029 33615 36987 31095 3255 2637 50377 2678 9077 38622 18670 11835 3281 3554 31674 18890 6136 6648 PRODUCTION 1326361 1325592 110 659 OUTSIDE SERVICES 152452 63622 81881 6949 PRINTING AND PUBLICATIO 99998 82224 455 17319 BANK CHARGES 44575 55 43137 1383 POSTAGE & SHIPPING 41822 24806 5627 11389 96867 47869 16079 32919 6410354 5151910 692247 566197 958482 413444 328384 619705 2883927 3066402 70779 197682 163164 140834 21581 22330 1187826 1291857 18308 35912 5469287 5647332 197331 157294 907167 804305 0 7788 1104498 969387 X 58310 217490 3176254 3330230 1130225 1130225 4364789 4677945 5469287 5647332 X 154830 158326 X 0 1 1 X 0 X 3863114 3591657 5094373 3946273 5073385 21568802 3863114 3591657 5094373 3946273 5073385 21568802 5395459 16173343 120605 109391 64167 51276 49813 395252 492604 647010 103187 81740 41088 1365629 23329683 9143818 0.69330 0.63410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1105157 226584 -60000 1271711 996753 168404 -60000 1105157 1174405 -177652 996753 1.00000 0 0 163164 140834 22330 22330 DEFERRED RENT 7788 7788 6565184 6410354 154830 158326 158326 313156 7079056 158326 139499 227400 525225 6553831 11353 11353 6565184 6765900 139499 227400 366899 6399001 11353 11353 6410354 PARTS XII & XIII - OTHER REVENUE AND EXPENSES CONSIST OF SPECIAL EVENT EXPENSES NETTED WITH INCOME ON THE STATEMENT OF REVENUE. 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. 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, 2011, 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 59853 20720 39133 59853 20720 39133 MA GALA 266632 219932 46700 56601 11059 30339 SIGNATURE SERIES 68168 44077 24091 19395 7184 4 97747 25727 72020 73613 670 28539 432547 289736 142811 149609 11729 66062 227400 -84589 X X X X X 0 0 0 0 0 0 0 0 0 ESTHER NELSON 208186 0 0 0 0 0 0 0 0 0 208186 0 0 0 X 16 443327 SELLING PRICE 0 0 0 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 THROUGH THE COMMONWEALTH OF MASSACHUSSETS ATTORNEY GENERAL'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 158,326.