2024-03-01T14:19:15-06:00 2023-08-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2022-09-01 421376458 DES MOINES METRO OPERA FOUNDATION INC DESM 5159616221 106 W BOSTON AVE INDIANOLA IA 501251836 DENISE WIELAND TREASURER 5159616221 2024-02-28 1 DENISE WIELAND XXX-XX-XXXX 0 JEFFEREY ROY P01951847 5152258400 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENISE WIELAND 106 W BOSTON AVE INDIANOLA IA 501251836 3809815 0 X N/A X 1991 IA TO SUPPORT THE OPERATIONS OF THE DES MOINES METRO OPERA, INC. 12 12 0 0 0 0 2213442 124385 0 0 215887 341402 0 0 2429329 465787 3039673 2534000 0 0 0 0 0 0 0 54350 92384 3094023 2626384 -664694 -2160597 21471212 20372560 350000 0 21121212 20372560 TO SUPPORT THE OPERATIONS OF THE DES MOINES METRO OPERA, INC. 0 0 2534000 2534000 FINANCIAL SUPPORT OF THE DES MOINES METRO OPERA, INC. FOR OPERATING EXPENSES. 2534000 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 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 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ELAINE RALEIGH 5159616221 106 W BOSTON AVE INDIANOLA IA 50125 X VIRGINIA CROSKERY LAURIDSEN PRESIDENT 1.00 X X 0 0 0 EMILY PONTIUS PRESIDENT-ELECT 1.00 X X 0 0 0 DENISE WIELAND TREASURER 1.00 X X 0 0 0 BARBARA CAPPAERT SECRETARY 1.00 X X 0 0 0 HARRY BOOKEY TRUSTEE 1.00 X 0 0 0 AUSTIN FISHER TRUSTEE 1.00 X 0 0 0 DARREN JIRSA TRUSTEE 1.00 X 0 0 0 NANCY MAIN TRUSTEE 1.00 X 0 0 0 DIANE MORAIN TRUSTEE 1.00 X 0 0 0 COLIN PENNYCOOKE TRUSTEE 1.00 X 0 0 0 JOHN SCHMIDT TRUSTEE 1.00 X 0 0 0 CRAIG SHADUR TRUSTEE 1.00 X 0 0 0 SUSAN VOSS TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 124385 124385 401194 401194 3284236 3344028 -59792 -59792 -59792 465787 0 0 341402 2534000 2534000 8460 8460 33207 33207 360 360 BAD DEBT EXPENSE 40000 40000 MISC. EXPENSES 10357 10357 2626384 2534000 92384 0 48767 7882 3865762 1891325 23831 44928 16982024 17633121 144066 147112 406762 648192 21471212 20372560 350000 0 350000 0 X 16101635 17416880 5019577 2955680 21121212 20372560 21471212 20372560 X -2160597 1451839 -39894 X X 0 1 X 1 0 X X 1 DES MOINES METRO OPERA INC 237319903 7 1 2534000 0 1 2534000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20928379 106094 1743008 2534000 33207 20210274 23566191 2146124 -1707692 3039673 36571 20928379 15977863 6982200 1487646 839850 41668 23566191 12668468 2511841 1796451 965985 32912 15977863 11963974 805000 514209 583000 31715 12668468 0.96210 0.00990 0.02800 0 0 0 X 1844524 1451839 -39894 1411945 432579 33207 33207 465786 2593176 0 2593176 33207 33207 2626383 PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD TO PROVIDE INCOME TO BE USED FOR THE SUPPORT OF THE DES MOINES METRO OPERA, INC. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX PERIODS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE - CHARITABLE REMAINDER TRUSTS -42,940. CHANGE IN VALUE - CASH SURRENDER LIFE INSURANCE 3,046. 1 DES MOINES METRO OPERA INC 106 W BOSTON AVE INDIANOLA IA 50125 237319903 501(C)(3) 2534000 0 PRIMARY PURPOSE OF FOUNDATION 1 PART I, LINE 2: THE FOUNDATION SUPPORTS THE GENERAL OPERATIONS OF THE DES MOINES METRO OPERA, INC. THE ANNUAL AMOUNT OF SUPPORT IS DETERMINED BY THE BOARD OF TRUSTEES OF THE FOUNDATION. GRANTS TO ORGANIZATIONS OTHER THAN THE DES MOINES METRO OPERA, INC. ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A DES MOINES METRO OPERA, INC., A RELATED PARTY, HAS THE ABILITY TO APPOINT MEMBERS TO THE FOUNDATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY A COMMITTEE OF BOARD MEMBERS WITH APPROPRIATE KNOWLEDGE AND EXPERIENCE, WHO COMMUNICATES QUESTIONS TO THE PAID PREPARER, RESOLVES ANY QUESTIONS AND THEN REPORTS TO THE BOARD WITH THEIR RECOMMENDATION OF APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUESTED TO REGULARLY SIGN A CONFLICT OF INTEREST POLICY STATEMENT, DISCLOSING RELATED INTEREST OR LACK THEREOF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THEIR OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE CHARITABLE REMAINDER TRUSTS -42,940. CHANGE IN VALUE CASH SURRENDER VALUE LIFE INSURANCE 3,046. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. DES MOINES METRO OPERA INC 106 W BOSTON AVE INDIANOLA IA 50125 237319903 OPERA IA 501(C)(3) 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 DES MOINES METRO OPERA INC B 2534000 CASH & BUILDING CONTRIBUTED DES MOINES METRO OPERA INC D 357292 BOOK VALUE