2025-07-15T14:56:30-07:00 2024-08-31 990 2023-09-01 510145980 UTAH SYMPHONY & OPERA UTAH 8015335626 123 West South Temple Salt Lake City UT 84101 Steve Hogan VP Finance/CFO 8018699057 2025-04-24 1 2023 2025-03-06 01:10:19Z Utah Symphony l Utah Opera UTAH SYMPHONY & OPERA 123 West South Temple Salt Lake City UT 84101 26315190 0 X usuo.org X 1975 UT Connect the community through great live music. To perform. To engage. To inspire. We do this by serving the people of our state and beyond as the region's premier provider of orchestral and operatic music. Our orchestral performances span the traditions of the past, as well as present works by contemporary composers. We offer opera productions that showcase emerging and established artists, celebrate traditional opera, and champion the American operatic tradition. Each summer in Park City we present a variety of musical experiences at our Deer Valley Music Festival. We lead in arts education and promote life-long learning through the arts. We serve as a catalyst for innovation, advocacy, and impact in our state. We truly believe that providing our neighbors, children, friends, and others in our state with high-caliber, live music experiences help to make Utah a great place to live. 56 52 606 543 0 0 15571951 15111355 7304057 7678204 2280046 3186187 -56071 209220 25099983 26184966 0 0 0 0 17259815 18789565 0 24000 1288498 9652705 8742479 26912520 27556044 -1812537 -1371078 59399593 63004119 4813164 4557086 54586429 58447033 Mission - Connect the community through great live music. Vision - Perform, engage, inspire. The artistic leadership of the organization is committed to representing a broad range of musical styles, including traditional works, contemporary pieces, and new commissions to add to the canon of classical music. Community investment in Utah Symphony | Utah Opera strengthens our economy and enhances our quality of life. Utahns have long recognized that a person's quality of life rests, in part, on the community's commitment to the arts to inspire the human spirit and motivate the betterment of mankind. Over the years, Utah has experienced growth and prominence and continues to become established as a hub for business innovation and scientific research in the United States. Utah Symphony | Utah Opera stands as an influential cultural leader that is often cited by companies as an attraction for a successful and talented workforce to the region. 0 0 12458149 0 5123187 Code 711130 SYMPHONIC CONCERTS - Utah Symphony was founded during the Great Depression as a Works Progress Administration orchestra under Roosevelt's New Deal. Today, the Utah Symphony is the premiere orchestra in the Intermountain West and one of only seventeen year-round orchestras in the nation. This ranking compares favorably to Utah's rank of 30th among states in population size. Over the past year, Utah Symphony presented 80 in-person concerts at Abravanel Hall and numerous concerts in communities throughout Utah, reaching approximately 115,000 audience members during the season. A variety of programs are offered featuring some of the industry's most illustrious artists in performance with the Utah Symphony in programs ranging from Classical Symphonies, to Jazz, to Pops. Please see utahsymphony.org for more information. The Utah Symphony | Utah Opera's Education Program benefits Utah's children and is one of the largest in the country, reached approximately 55,800 students and 2,400 teachers during the fiscal year. Through our education program offerings, each school district in Utah is visited every three to five years. The reach of this programming is far greater than performing arts organizations in other metropolitan areas. In addition to visits to schools, the programs provide opportunities for students to attend performances, rehearsals, master classes, and other great learning events. The community at large is engaged regularly through various Outreach Programs. We present an annual performance for children with special needs and their families reaching over 430 individuals each year, an annual performance for the blind and visually impaired reaching up to 80 members of that community. Other services coordinated by our Education and Outreach Department include a variety of free lectures, internships, on-line learning courses and teacher re-licensure programs. Utah Symphony | Utah Opera is engaged in valuable cooperative relationships with many other non-profit organizations that serve a variety of purposes, including The Road Home, Utah School Boards, Ballet West, and Madeleine Cathedral Choir School. It is also notable that, through a close relationship with the communities it serves, Utah Symphony | Utah Opera is able to reinvest into Utah's economy. The organization employs over 400 individuals each year. *An estimated 93% of Utah Symphony | Utah Opera expenses are fed directly back into the local economy. *Economic development professionals concur that a vibrant symphony and opera are important criteria in attracting new businesses and skilled professionals to Utah. *Source: Salt Lake County Cultural Facilities Master Plan, AMS Consultants, December 2008. 5331344 0 868739 Code 711110 OPERA PERFORMANCES - Utah Opera performs in Salt Lake City's Capitol Theatre, reaching an audience of over 21,000. Utah Opera offered 24 performances of four mainstage productions this year. Utah Opera has a nationally-renowned costume shop, and features some of the top singers, directors, conductors, and designers from around the country. A Resident Artists program provides aspiring young singers an opportunity to refine their craft while performing secondary roles and singing in education and community outreach programs. Please see utahopera.org for more information. A prime example of the services we are able to render to the arts community is the value housed in the Utah Opera Production Studios. One of a kind facility, the Utah Opera Production Studios houses a team of artisans, designers, and skilled craftsmen who bring the art form of opera to life for Utah Opera and performing arts organizations around the world through its sets and costumes construction and rentals programs. The Utah Opera Production Studios bring the integration of all production activities of the Utah Symphony | Utah Opera to one resourceful location (Costume Shop & Rentals, Prop Studio, Scenic Shop & Scenic Studio, Set Storage, Assembly Bay, Rehearsal Hall) and allows the organization to utilize a business model which combines all aspects of both symphonic and operatic art forms. Production needs for performances at Abravanel Hall, the Capitol Theatre, and even the Deer Valley Music Festival can be designed and built with the resources found in this building. This has resulted in valuable cost savings and artistic synergy for the organization and the community. 3829210 0 1569381 Code 711130 DEER VALLEY MUSIC FESTIVAL - Currently in its twentieth season, the Deer Valley Music Festival is the summer home of the Utah Symphony | Utah Opera, reaching an audience of nearly 23,000 during the summer season. The festival provides chamber music, classical, family, and pops offerings in many venues: Deer Valley Snow Park Outdoor Amphitheater, St. Mary's Church, and salons in private Park City homes. Please see deervalleymusicfestival.org for more information. 2298069 0 116896 Other Program services include: Depreciation of Set Equipment - $118,225; Marketing - $1,122,673; Box Office - $512,282; Education - $520,887; Misc. - $24,002 2298069 0 116896 23916772 1 1 0 1 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 1 0 1 1 0 0 0 0 0 0 0 0 1 170 0 1 606 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 56 52 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 UT X X X Steve Hogan 8018699057 336 North 400 West Salt Lake City UT 84103 Steven Brosvik President & CEO 60 0 X X 360149 0 41474 Madeline Adkins Concertmaster 40 0 X 253354 0 32355 Steve Hogan VP of Finance & CFO 40 0 X 153903 0 28844 David Green Senior VP & COO 40 0 X 154532 0 27948 Kathryn Eberle Musician 40 0 X 140582 0 16363 Hannah Thomas-Holland Musician & Orchestra Personnel Manager 40 0 X 140673 0 12648 Jessica Elder Musician 40 0 X 126771 0 23002 Zachary Hammond Musician 40 0 X 126033 0 17850 Mercedes Smith Musician 40 0 X 126280 0 10992 Claudia Restrepo Ex-officio, Musician 40 0 X 80392 0 12466 Barbara Scowcroft Ex-officio, Musician 40 0 X 61100 0 17671 Thomas M Love Immediate Past Chair 2 0 X 0 0 0 Brian Greeff Board Chair 4 0 X 0 0 0 Annette W Jarvis Vice Chair & Secretary, Governance Comm Chair 2 0 X 0 0 0 Stewart Barlow Trustee 1 0 X 0 0 0 Joanne F Shiebler Vice Chair 2 0 X 0 0 0 John D'Arcy Trustee, Audit Committee Chair 2 0 X 0 0 0 Judith M Billings Trustee 1 0 X 0 0 0 Larry Brownstein Trustee 1 0 X 0 0 0 Paul Burdiss Trustee 1 0 X 0 0 0 George Cardon Bystry Trustee 1 0 X 0 0 0 Gary L Crocker Trustee 1 0 X 0 0 0 David Dee Trustee 0.5 0 X 0 0 0 Barry Eden Trustee, Finance Committee Chair 2 0 X 0 0 0 Jason Englund Trustee 1 0 X 0 0 0 Luz Escamilla Trustee 1 0 X 0 0 0 Theresa Foxley Trustee 1 0 X 0 0 0 Brandon Fugal Trustee 1 0 X 0 0 0 Julie Aiken Hansen Trustee 1 0 X 0 0 0 Dan Hemmert Trustee, Government Relations Committee Chair 2 0 X 0 0 0 Dennis Hranitzky Trustee 1 0 X 0 0 0 Stephen Tanner Irish Trustee 1 0 X 0 0 0 Thomas N Jacobson Trustee 1 0 X 0 0 0 Abigail E Magrane Trustee 1 0 X 0 0 0 Judy Moreton Trustee 1 0 X 0 0 0 Dinesh Patel Trustee 1 0 X 0 0 0 Frank R Pignanelli Trustee 1 0 X 0 0 0 Gary B Porter Trustee 1 0 X 0 0 0 Shari H Quinney Trustee 1 0 X 0 0 0 Miguel R Rovira Trustee 1 0 X 0 0 0 Stan Sorensen Trustee 1 0 X 0 0 0 Clint Stone Trustee 0.25 0 X 0 0 0 Shane Stowell Trustee 3 0 X 0 0 0 Thomas Thatcher Trustee 1 0 X 0 0 0 James W Tozer Trustee 1.5 0 X 0 0 0 David Utrilla Trustee 1.5 0 X 0 0 0 Jean Vaniman Ex-officio Representative 1 0 X 0 0 0 Kelly Ward Trustee 0.5 0 X 0 0 0 Sharlene Wells Trustee 0.25 0 X 0 0 0 Don Willie Trustee 1 0 X 0 0 0 Kim R Wilson Trustee 1 0 X 0 0 0 Thomas Wright Trustee, Nominating Committee Chair 2 0 X 0 0 0 Henry C Wurts Trustee, Investment Committee Chair 1 0 X 0 0 0 Austin Bankhead Trustee 0 0 X 0 0 0 William Bailey Lifetime Trustee 0 0 X 0 0 0 Kem C Gardner Lifetime Trustee 2 0 X 0 0 0 Jon M Huntsman Jr Lifetime Trustee 0 0 X 0 0 0 G Frank Joklik Lifetime Trustee 1 0 X 0 0 0 David T Mortensen Lifetime Trustee 1 0 X 0 0 0 Scott S Parker Lifetime Trustee 0 0 X 0 0 0 David A Petersen Lifetime Trustee 1 0 X 0 0 0 Patricia A Richards Lifetime Trustee, Music Director Search Committee Chair 3 0 X 0 0 0 Harris Simmons Lifetime Trustee 0 0 X 0 0 0 David B Winder Lifetime Trustee 0.0 0 X 0 0 0 1723769 0 241613 37 0 1 0 Love Communications 546 South 200 West Salt Lake City UT 84101 Marketing 1365000 Salt Lake County Center - Arts 50 West 200 South Salt Lake City UT 84101 Venue 504031 Opus 3 Artist LLC 348 W 57th Street Suite 282 New York NY 10019 Guest Artist Appearances 306252 Euphoric Beats LLC 5202 Field Crescent Lane Riverton UT 84096 Audio / Visual 212078 Deer Valley PO Box 889 Park City UT 84060 Concert Venue Fees 205571 11 0 0 159288 0 5276001 9676066 270008 15111355 Performance Symphony 711130 5123187 5123187 0 0 Performance Opera 711110 868739 868739 0 0 Deer Valley Music Festival 711130 1569382 1569382 0 0 Misc 711110 116896 116896 0 0 0 0 0 0 7678204 3186187 0 0 3186187 0 0 0 0 0 0 0 0 0 339444 0 105886 0 233558 233558 233558 0 0 0 0 0 159288 24338 -24338 0 -24338 0 26184966 7911762 0 3161849 X 1405459 656338 440067 309054 221148 110419 65015 45714 13706582 12595539 616048 494995 0 0 0 0 2407822 2223839 106178 77805 1048554 963559 47128 37867 62579 62579 11483 11483 24000 24000 2946797 2946797 2385085 2097758 1933 285394 59355 59355 93426 93426 796 796 596203 511424 84779 602614 593837 6591 2186 35063 35063 1727 1727 346539 118225 228314 108660 108660 Production 1316423 1094994 221429 0 General Administration 131944 3247 128697 0 Guild 43785 0 43785 0 27556044 23916772 2350774 1288498 1264593 1787759 1940818 1051536 1594208 900163 1552876 1837228 0 0 0 0 588027 489674 9085440 6554161 2652814 2531279 49160108 53820676 6900 6900 61799 69417 577450 509487 59399593 63004119 1501371 1225607 2776686 2858121 535107 473358 4813164 4557086 X 13875034 12503956 40711395 45943077 54586429 58447033 59399593 63004119 X -1371078 3920679 0 -92095 0 1403098 X 0 1 X 1 0 X 10280021 17867036 15651149 12642902 12258156 68699264 2519136 2691335 2926922 2929049 2853199 13919641 0 0 12799157 20558371 18578071 15571951 15111355 82618905 82618905 2122636 594598 -267189 2529983 3525631 8505659 0 0 0 0 0 49858 18968 28033 207243 116896 420998 91545562 27634054 0.90249 0.93145 X Schedule A, Part II, Line 10 Other income from audition fees, instrument rentals, boutique sales, sheet music rental, and insurance proceeds. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 1 11483 0 0 0 11483 0 Schedule C, Part II-B, Line 1 ZAP Reauthorization - a county sales tax which supports Zoo, Arts, and Parks. 47468652 226531 7859255 0 3145904 100440 52308094 44499540 605482 4136661 0 1666569 106462 47468652 48306308 1804912 -5378032 0 0 233648 44499540 40834051 377557 7202049 0 0 107349 48306308 38873436 -56804 3740835 0 1658705 64711 40834051 0.1708 0.8165 0.0127 0 0 0 229500 229500 0 5472471 4196277 1276194 0 628523 200912 427611 0 1399726 1211023 188703 0 1355220 945949 409271 2531279 0 Operating Leases-Current 66457 Operating Lease - Long Term 406900 Bank Line of Credit (Limit $1,800,000) 1 473358 X 32025643 3920679 489306 0 1392563 5802548 26223095 92095 -130224 -38129 26184966 28165039 489306 0 0 119689 608995 27556044 0 0 0 27556044 Schedule D, Part V, Line 4 USUO uses 4% to 5% of a quarterly average of the past 12 quarters to help contribute to the program expense of the organization. Schedule D, Part X, Line 2 As of August 31, 2024, the Organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Schedule D, Part XI, Line 2d Interest and dividends on Endowment $981,210; Realized gains $1,725,445; Contributions to Endowment $226,531; Contributions for future use $1,264,341; Release of contributions intended, by donor, for current year ($1,212,250); Endowment Draws ($1,838,961); Government grants for future use $934,787; Release of prior government grants ($688,540). Schedule D, Part XI, Line 4b Costume/set rental expenses recognized as an offset to rental revenues on tax return ($105,886); Fundraising event expenses reported on 990 Part VIII Line 8b ($24,338). Schedule D, Part XII, Line 2d Allowance for Bad Debt $(10,535); Costume/set rental expenses recognized as an offset to rental revenues on tax return $105,886; Fundraising event expenses reported on 990 Part VIII Line 8b $24,338. X X X X X X X 1 Pathway Group 699 East Sourth Temple Suite 201C Salt Lake City UT 84102 Pathways is a consulting service that provides professional training for development staff, offers educational presentations and training for our Board of Directors, and focuses on best practices and sustainability to strengthen organizational effectiveness. 0 0 24000 -24000 0 24000 -24000 UT Itzahk Perlman Event 159288 159288 0 0 0 0 9899 7111 7329 0 0 159288 159288 0 0 0 0 9899 7111 7329 24339 -24339 X X X 0 0 0 0 0 0 0 0 0 Steven Brosvik President & CEO 360149 0 0 0 0 0 0 0 41475 0 401624 0 0 0 Madeline Adkins Concertmaster 253354 0 0 0 0 0 30438 0 32355 0 316147 0 0 0 David Green Senior VP & COO 154532 0 0 0 0 0 6500 0 27948 0 188980 0 0 0 Steve Hogan VP of Finance & CFO 153903 0 0 0 0 0 26000 0 28844 0 208747 0 0 0 Hannah Thomas-Holland Musician 140673 0 0 0 0 0 12552 0 12648 0 165873 0 0 0 Kathryn Eberle Musician 140582 0 0 0 0 0 18276 0 16363 0 175221 0 0 0 Jessica Elder Musician 126771 0 0 0 0 0 7471 0 23002 0 157244 0 0 0 Mercedes Smith Musician 126280 0 0 0 0 0 30766 0 10992 0 168038 0 0 0 Zachary Hammond Musician 126033 0 0 0 0 0 7948 0 17850 0 151831 0 0 0 Claudia Restrepo Ex-officio, Musician 80392 0 0 0 0 0 12514 0 12466 0 105372 0 0 0 Barbara Scowcroft Ex-officio, Musician 61100 0 0 0 0 0 20636 0 17671 0 99407 0 0 0 Tom Love Immediate Past Chair 1365000 Marketing & Advertising 0 X 20 270008 Avg between high and low 0 1 1 Schedule M, Part I, Line 32b Stock brokers instructed to immediately sell stock donations. Form 990, Part VI, Section A, Line 1a In the absence of Board action or in the event that the Board is unable to take action on a particular matter, the Executive Committee shall have all of the powers and exercise all of the duties of the Board in managing the business of the Corporation. Any such action taken by the Executive Committee in the absence or inability of the Board to take action shall be considered for ratification by the Board at the next regular meeting or special meeting of the Board. Form 990, Part VI, Section A, Line 2 Our board is made up of community leaders and as such some business relationships exist and our conflict of interest policy and process adequately reveals and manages these so they are not conflicts for the organization. Form 990, Part VI, Section B, Line 11b Prepared by CFO, reviewed by Finance and Executive committees, posted to website for entire board review. Form 990, Part VI, Section B, Line 12c The values governing the affairs of Utah Symphony & Opera (USUO) are Excellence, Integrity, Trust, and Communication. Each fiscal year every member of the Board of Trustees is asked to review USUO's Ethical Code of Conduct and Conflict of Interest Statement, then indicate any potential conflicts (or that they have none) and return the signed form to be kept with the organization's corporate records. Staff members are encouraged in their individual capacities to represent these values and to exemplify the highest standards of ethical behavior in all they do and say. They are thus encouraged to do their utmost to respect the rights and dignity of other persons; to be honest, accurate, and open-minded in the presentation of information and ideas; when accounting for USUO's assets or handling financial transactions; when soliciting contributions; when representing USUO before governmental leaders, charitable foundations, patrons, and donors; or when dealing with vendors, partners, lessees, and other parties. A conflict of interest is defined as any circumstance that would cast doubt on the ability of a member of the staff to act with total objectivity with regard to the USUO's best interest. No member shall use his or her position, or the knowledge gained from his or her position in such a manner that a conflict arises between the interest of the organization and the member's personal interests. An actual or potential conflict of interest may occur when an employee is in a position to influence a decision that may result in personal gain for that employee or for a relative as a result of business dealings. For the purposes of this policy, a relative is any person who is related by blood or marriage, or whose relationship with the employee is similar to that of persons who are related by blood or marriage. USUO relies on its employees to exercise their responsibilities to the organization in good faith. As a consequence of representing USUO, employees may be in a position to establish personal relationships with patrons and donors or obtain confidential information concerning them. Employees may not, directly or indirectly solicit or accept money, loans, expensive gifts, travel, extravagant entertainment, or preferential treatment from such individuals. Employees may not use any information obtained about patrons and donors to further their personal interests during their employment with USUO or after their termination with USUO. In addition to this, the materials, products, designs, plans, ideas, and data of USUO should never be given or sold to an outside agency, firm or person except through normal channels and with appropriate authorization. Any improper transfer of material or disclosure of information, even though it is not apparent that an employee has personally gained by such action, constitutes unacceptable conduct. Any employee who participates in such a practice will be subject to disciplinary action, up to and including possible discharge. Having a conflict of interest may not necessarily indicate a professional transaction cannot occur. However, it is the duty of each member to disclose annually any actual or possible conflicts of interest in writing to the Director of Human Resources and Department Head. Employees faced with an actual or a possible conflict of interest must immediately notify HR and their supervisor in writing. The employee must specify the situation and all facts surrounding the conflict of interest and reason as to why the situation is/is not a conflict of interest. Upon receipt, HR will review the notification with their supervisor and Department Head to determine whether or not a conflict of interest is present. If agreement is not reached between the supervisor and HR, notification will be submitted to the CEO for final determination. Once a determination is made, HR will respond to the employee, in writing of the resolution. Determination and response will be made no later than 30 days from date of notification. HR will place the determination along with all documentation in the employee's Personnel File. Form 990, Part VI, Section B, Line 15 League of American Orchestras Survey for salaries, Opera America, recruiting firm using comparable data, task force of board members as a search committee. Form 990, Part VI, Section C, Line 19 We post to our website and provide copies upon request. The board meeting schedules are also available on our website which allows interested persons to attend meetings and request information. Conflict of interest policy is distributed annually. https://usuo.org/our-company/financial-statements-resources/ and https://usuo.org/our-company/board-of-trustees/ Form 990, Part IX, Line 11g Guest Artists $1,987,465; Guest Conductors $667,476; Other Production Personnel $291,639; Misc. $217 Form 990, Part XI, Line 9 Government grants for future period-temporary restricted - $934,787; Government grants from prior period released to operations - ($688,540); Contributions for future period-temporary restricted - $1,264,341; Contributions from prior period released to operations - ($1,212,250); Contributions to endowment-permanent restricted - $226,531; Interest and Dividends-temporary restricted - $18,580; Interest and Dividends-permanent restricted - $962,630; Realized gain-temporary restricted - $38,399; Realized gain-permanent restricted - $1,687,046; Draws temporary restricted - ($340,210); Draws from endowment-permanent restricted - ($1,498,751); Allowance for bad debts-temporary restricted - $10,535; Allowance for bad debts-permanent restricted - $0.