2025-04-07T17:09:41-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 952096402 LOS ANGELES OPERA COMPANY LOSA 2139727652 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 KATHLEEN RUIZ CFO 2139727652 2025-04-03 1 1 LAUREN A HAVERLOCK P00545829 8185771900 2025-04-03 2023 2025-03-06 01:10:19Z CHRISTOPHER KOELSCH 135 NORTH GRAND AVENUE LOS ANGELES CA 90012 49621528 0 X LAOPERA.ORG X 1983 CA SEE PART III AND SCHEDULE OTHE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA. 96 94 930 280 47769 42137 25423375 28623328 10238813 14056750 1916465 2764145 2128649 1167493 39707302 46611716 50000 75000 0 0 35016125 36501563 28001 169054 4470602 14643770 14396235 49737896 51141852 -10030594 -4530136 100261098 105563654 18357071 24230615 81904027 81333039 X TO SERVE THE PUBLIC BY PRODUCING WORLD-CLASS OPERA THAT PRESERVES, PROMOTES AND ADVANCES THE ART FORM WHILE EMBODYING THE DIVERSITY, SPIRIT AND ARTISTIC SENSIBILITY UNIQUE TO LOS ANGELES. WE ENVISION AN ENGAGED AND ENLIGHTENED COMMUNITY IN WHICH (CONTINUED ON SCHEDULE O) ALL MEMBERS HAVE THE OPPORTUNITY TO COLLECTIVELY ENJOY THE RICH AESTHETIC, EMOTIONAL, INTELLECTUAL AND CULTURAL EXPERIENCE OF OPERA. 0 0 32717026 12676886 OPERA: THE COMPANY HELD 36 OPERA PERFORMANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2024. THE COMPANY SOLD 84,000 TICKETS TO MAINSTAGE OPERAS DURING THE YEAR, GENERATING REVENUE OF OVER $11.9 MILLION. 3554635 1379864 OTHER ARTISTIC PROGRAMS (RECITALS AND OFF GRAND): THE COMPANY PRESENTS OPERAS BOTH DIGITALLY AND IN PERSON IN A VARIETY OF LOCATIONS TO INCREASE ACCESSIBILITY, EXPAND THE AUDIENCE, AND PROMOTE THE ART FORM. THESE ACTIVITIES INCLUDE OUR "OFF GRAND" PROGRAMS AND RECITALS FEATURING WORLD RENOWNED OPERA SINGERS. THE COMPANY HELD 5 RECITALS AND 6 OFF GRAND PERFORMANCES. 3550549 75000 LA OPERA CONNECTS: LA OPERA CONNECTS IS A PROGRAMMING WING FOCUSING ON EQUITABLE ACCESS TO OPERA, PROVIDING UNIQUE PROGRAMS TO STUDENTS, CHILDREN, AND FAMILIES, AMONGST OTHER AUDIENCES, IN THE LOS ANGELES REGION. IN THE 2023-2024 SEASON, LA OPERA PARTNERED WITH NUMEROUS SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE PROGRAMMING TO OVER 140,000 INDIVIDUALS. PROGRAMS INCLUDED ARTS AND HEALTHCARE PROGRAMS, K-12 AND COLLEGE PROGRAMS, PUBLIC PERFORMANCES, AND COMMUNITY OPERA ENSEMBLES. 1755636 THE YOUNG ARTIST PROGRAM SEEKS TO SUPPORT AND DEVELOP THE CAREERS OF PROMISING SINGERS AND PIANISTS. THIS PAID RESIDENCY PROGRAM PROVIDES EXTENSIVE TRAINING AND PERFORMANCE EXPERIENCE THROUGH MAIN-STAGE ROLES, COVER ROLES, CONCERTS AND OTHER PRODUCTIONS. DURING THE SEASON, SEVEN SINGERS WERE GIVEN 23 MAIN-STAGE ASSIGNMENTS (ROLES, COVERS) SPANNING 184 TOAL PERFORMANCE ASSIGNMENTS. TWO PIANISTS WORKED ON THE MUSIC STAFF FOR SIX PRODUCTIONS, AND THE COMPLETE ROSTER PERFORMED IN MORE THAN 24 RECITALS AND OTHER PERFORMANCE EVENTS THROUGHOUT THE COMMUNITY. 1755636 41577846 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 174 0 1 930 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 96 94 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X KATHLEEN RUIZ 2139727652 135 N GRAND AVENUE LOS ANGELES CA 900123013 CHRISTOPHER G KOELSCH EX. OFFICIO DIR., PRES. & CEO 40.00 0.00 X X 1181099 0 58527 JAMES CONLON EX. OFFICIO DIR., MUSIC DIRECTOR 20.00 0.00 X 0 0 0 MARC I STERN HONORARY CHAIRMAN 10.00 0.00 X X 0 0 0 KEITH R LEONARD CHAIRMAN 10.00 0.00 X X 0 0 0 CAROL F HENRY CHAIRMAN, EXECUTIVE COMMITTEE 5.00 0.00 X X 0 0 0 BERNARD A GREENBERG VICE CHAIRMAN EMERITUS 2.00 0.00 X X 0 0 0 LESLIE A DORMAN VICE CHAIRMAN 5.00 0.00 X X 0 0 0 ROBERT RONUS VICE CHAIRMAN 5.00 0.00 X X 0 0 0 EUGENE P STEIN VICE CHAIRMAN 5.00 0.00 X X 0 0 0 MARILYN ZIERING VICE CHAIRMAN 5.00 0.00 X X 0 0 0 REGINA WEINGARTEN VICE CHAIRMAN 5.00 0.00 X X 0 0 0 PENELOPE FOLEY TREASURER 5.00 0.00 X X 0 0 0 PAUL D TOSETTI SECRETARY 5.00 0.00 X X 0 0 0 MR AHSAN AIJAZ DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA N ARTIGAS DIRECTOR 2.00 0.00 X 0 0 0 JAMES R ASPERGER DIRECTOR 2.00 0.00 X 0 0 0 HAIG S BAGERDJIAN DIRECTOR 2.00 0.00 X 0 0 0 FRANK BAXTER DIRECTOR 2.00 0.00 X 0 0 0 PAUL BLOCH DIRECTOR 2.00 0.00 X 0 0 0 LISA BRATKOVICH DIRECTOR 2.00 0.00 X 0 0 0 DR IMAN H BRIVANLOU DIRECTOR 2.00 0.00 X 0 0 0 MR BRIAN BROOKS DIRECTOR 2.00 0.00 X 0 0 0 BARBARA BURTIN DIRECTOR 2.00 0.00 X 0 0 0 MARLENE CHAVEZ DIRECTOR 2.00 0.00 X 0 0 0 JANET CIRIELLO DIRECTOR 2.00 0.00 X 0 0 0 ALICIA CLARK DIRECTOR 2.00 0.00 X 0 0 0 ROBERT T COOK DIRECTOR 2.00 0.00 X 0 0 0 ALICE COULOMBE DIRECTOR 2.00 0.00 X 0 0 0 ALEXIS DEUTSCH-ADLER DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN K EBERHARDT DIRECTOR 2.00 0.00 X 0 0 0 MRS CHAZ EBERT DIRECTOR 2.00 0.00 X 0 0 0 GEOFF EMERY DIRECTOR 2.00 0.00 X 0 0 0 DR ANNETTE ERMSHAR DIRECTOR 2.00 0.00 X 0 0 0 DON E FRANZEN DIRECTOR 2.00 0.00 X 0 0 0 DR MICHAEL A FRIEDMAN DIRECTOR 2.00 0.00 X 0 0 0 ALEXANDER FURLOTTI DIRECTOR 2.00 0.00 X 0 0 0 JUAN CARLOS GONZALEZ DIRECTOR (AS OF 12/23) 2.00 0.00 X 0 0 0 THOMAS GOTTSCHALK DIRECTOR 2.00 0.00 X 0 0 0 DIANE GRAY DIRECTOR 2.00 0.00 X 0 0 0 MONICA GUTIERREZ-ROPER DIRECTOR 2.00 0.00 X 0 0 0 CORNELIA HAAG-MOLKENTELLERPHD DIRECTOR 2.00 0.00 X 0 0 0 NICOLAS HAMATAKE DIRECTOR 2.00 0.00 X 0 0 0 MARY HAYLEY DIRECTOR (THRU 5/24) 2.00 0.00 X 0 0 0 CATHERINE H HELM DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM CHASE HODGE-BROKENBURR DIRECTOR 2.00 0.00 X 0 0 0 JOAN HOTCHKIS DIRECTOR 2.00 0.00 X 0 0 0 RIAN JOHNSON DIRECTOR (AS OF 03/24) 2.00 0.00 X 0 0 0 TIM C JOHNSON DIRECTOR 2.00 0.00 X 0 0 0 MS JANET C JONES DIRECTOR 2.00 0.00 X 0 0 0 RICHARD JONES DIRECTOR 2.00 0.00 X 0 0 0 MONIQUE KAGAN DIRECTOR (AS OF 12/23) 2.00 0.00 X 0 0 0 LAWRENCE A KERN DIRECTOR 2.00 0.00 X 0 0 0 THOMAS F KRANZ DIRECTOR 2.00 0.00 X 0 0 0 SHERRY LANSING DIRECTOR 2.00 0.00 X 0 0 0 SCOTT R LORD DIRECTOR 2.00 0.00 X 0 0 0 NORA MANELLA DIRECTOR 2.00 0.00 X 0 0 0 CLAUDE MANN DIRECTOR 2.00 0.00 X 0 0 0 JENNIFER MCCORMICK DIRECTOR (AS OF 12/23) 2.00 0.00 X 0 0 0 PATTY MCKENNA DIRECTOR 2.00 0.00 X 0 0 0 JAMES MULALLY DIRECTOR 2.00 0.00 X 0 0 0 GARY MURPHY DIRECTOR 2.00 0.00 X 0 0 0 GREGORY NAVA DIRECTOR 2.00 0.00 X 0 0 0 DR LESLIE A PAM PHD DIRECTOR 2.00 0.00 X 0 0 0 LINDA PASCOTTO DIRECTOR 2.00 0.00 X 0 0 0 ANDREA PESSINO DIRECTOR 2.00 0.00 X 0 0 0 LINDA PIERCE DIRECTOR 2.00 0.00 X 0 0 0 HAROLD B RAY DIRECTOR 2.00 0.00 X 0 0 0 COURTNEY REUM DIRECTOR (THRU 09/23) 2.00 0.00 X 0 0 0 BARRY A SANDERS DIRECTOR 2.00 0.00 X 0 0 0 LIONEL SAUVAGE DIRECTOR 2.00 0.00 X 0 0 0 LORRAINE SAUNDERS DIRECTOR (THRU 02/24) 2.00 0.00 X 0 0 0 HEINRICH SCHELBERT DIRECTOR 2.00 0.00 X 0 0 0 R CARLTON SEAVER DIRECTOR 2.00 0.00 X 0 0 0 LISA SEE DIRECTOR 2.00 0.00 X 0 0 0 TINA SEGEL DIRECTOR 2.00 0.00 X 0 0 0 JOAN SEIDEL DIRECTOR 2.00 0.00 X 0 0 0 LINDA SHAHEEN DIRECTOR 2.00 0.00 X 0 0 0 MARILYN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 MARVIN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 SUSAN SHAPIRO DIRECTOR 2.00 0.00 X 0 0 0 ERIC L SMALL DIRECTOR 2.00 0.00 X 0 0 0 DR VINA SPIEHLER DIRECTOR 2.00 0.00 X 0 0 0 TERRY STANFILL DIRECTOR 2.00 0.00 X 0 0 0 MRS JANET STANFORD DIRECTOR 2.00 0.00 X 0 0 0 SHIRLEY STARKE-WALLACE DIRECTOR (THRU 04/24) 2.00 0.00 X 0 0 0 DEANIE STEIN DIRECTOR 2.00 0.00 X 0 0 0 DR ELLEN G STRAUSS PHD DIRECTOR 2.00 0.00 X 0 0 0 MIMI TECHENTIN DIRECTOR 2.00 0.00 X 0 0 0 BARBARA AUGUSTA TEICHERT DIRECTOR 2.00 0.00 X 0 0 0 RICHARD TROOP DIRECTOR 2.00 0.00 X 0 0 0 BRIGITTA B TROY DIRECTOR 2.00 0.00 X 0 0 0 GILLIAN WAGNER DIRECTOR 2.00 0.00 X 0 0 0 CHRIS WALKER DIRECTOR 2.00 0.00 X 0 0 0 GEOFFREY P WHARTON DIRECTOR 2.00 0.00 X 0 0 0 ALYCE WILLIAMSON DIRECTOR 2.00 0.00 X 0 0 0 ANDREW XU DIRECTOR 2.00 0.00 X 0 0 0 ZEV YAROSLAVSKY DIRECTOR 2.00 0.00 X 0 0 0 ELLEN ZETCHER DIRECTOR 2.00 0.00 X 0 0 0 JOAKIM ZETTERBERG DIRECTOR (AS OF 12/23) 2.00 0.00 X 0 0 0 ANN ZIFF DIRECTOR 2.00 0.00 X 0 0 0 KATHLEEN A RUIZ VP, CFO 40.00 0.00 X 279700 0 59934 JILL K BOYD VP, HR & LABOR RELATIONS 40.00 0.00 X 236733 0 11838 JOHN P NUCKOLS EVP, CHIEF STRATEGIC OFFICER 40.00 0.00 X 529441 0 37514 TEHVON D FOWLER-CHAPMAN VP, LA OPERA CONNECTS (THRU 02/24) 40.00 0.00 X 189735 0 17430 ANDREA FUENTES VP, LA OPERA CONNECTS (AS OF 02/24) 40.00 0.00 X 117936 0 8810 DIANE RHODES BERGMAN VP, MARKETING, COMM & TECH SERVICES 40.00 0.00 X 244018 0 50387 RUPERT H F HEMMINGS VP, ARTISTIC PLANNING 40.00 0.00 X 313758 0 41397 PATRICIA C MCLEOD SR DIRECTOR OF DEVELOPMENT 40.00 0.00 X 209379 0 30216 CHUL PARK SR DIRECTOR OF TECHNOLOGY SERVICES 40.00 0.00 X 195345 0 24097 KELLY TRAVIS OPERA HEAD VIDEO 40.00 0.00 X 178677 0 0 SCOTT SHEPHERD STAGEHANDS CARPENTER 40.00 0.00 X 168880 0 0 ROBERT C KLEIN STAGEHANDS OPERA HEAD 40.00 0.00 X 163752 0 0 4008453 0 340150 50 0 1 1 THE AMADEUS MUSIC PRODUCTION CORP 450 SEVENTH AVENUE SUITE 909 NEW YORK NY 10123 ARTIST 795531 LEVY RESTAURANTS 135 N GRAND AVENUE LOS ANGELES CA 90012 CATERING 739735 112 BEVERLY LLC 936 CRENSHAW BOULEVARD 100 LOS ANGELES CA 90019 COSTUME SHOP RENT 638368 DAZ INVESTMENT LLC 10850 WILSHIRE BOULEVARD SUITE 370 LOS ANGELES CA 90024 WAREHOUSE STORAGE 276433 RTL ARTIST INC 4152 BUTTERNUT PLACE ATLANTA GA 30349 ARTIST 194800 12 842065 1854809 25926454 889754 28623328 OPERAS-MAINSTAGE 711190 11872674 11872674 RECITALS & OFF GRAND 611710 1379864 1379864 BOX OFFICE HANDLING 900099 719698 719698 OUTREACH INCOME 900099 84514 84514 14056750 1959815 32419 1927396 240465 0 240465 240465 240465 2995863 2191533 804330 804330 804330 630044 842065 818279 -188235 -188235 TESSITURA CONSORTIUM & 900099 906286 906286 OTHER INCOME 900099 208977 15350 193627 1115263 46611716 14056750 47769 3883869 75000 75000 3732898 2218706 930474 583718 26155946 22836157 1188761 2131028 1953282 1822311 26363 104608 2642262 2437083 28339 176840 2017175 1717740 119561 179874 254254 254254 296069 296069 169054 169054 98991 98991 1716552 1222511 266845 227196 1104030 973159 110120 20751 750066 507973 105499 136594 393676 141855 206694 45127 2320264 1481043 663104 176117 1146280 763680 69102 313498 94919 94919 640787 435735 108934 96118 423448 224427 135504 63517 310566 140139 142177 28250 PRODUCTION EXPENSE 3275538 3270508 355 4675 MATERIALS, SUPPLIES AND 496607 391421 94359 10827 STORAGE COSTS 74593 74593 MEDICAL SUPPLIES 14545 13358 1187 985050 830447 151793 2810 51141852 41577846 5093404 4470602 396418 2436993 28026092 31863324 289873 676665 3129175 1905906 11453634 9808621 1510469 1645013 28996591 27466210 37912480 39569543 100261098 105563654 7571485 6878706 5135586 5101909 5650000 12250000 18357071 24230615 X -12724093 -13314721 94628120 94647760 81904027 81333039 100261098 105563654 -4530136 3959148 0 X 0 1 X 1 1 1 X 25793612 28745880 31212964 25414875 28623328 139790659 25793612 28745880 31212964 25414875 28623328 139790659 8537349 131253310 2901927 64020 2150096 2809008 2167861 10092912 33999 19473 15801 43137 112410 137422 3247109 5195057 1968718 1099913 11648219 161644200 41334583 0.81200 0.72860 X SCHEDULE A, PART II, LINE 10, EXPLANATION FOR OTHER INCOME: BOX OFFICE HANDLING 2022 AMOUNT: $618,975 ERC TAX CREDIT 2020 AMOUNT: $2,580,000 2021 AMOUNT: $2,025,550 MISCELLANEOUS REVENUE 2019 AMOUNT: $ 38,735 2020 AMOUNT: $ 58,023 2021 AMOUNT: $ 242,289 2022 AMOUNT: $ 670,638 2023 AMOUNT: $ 193,627 TESSITURA CONSORTIUM & SHARED TECH SERVICES 2019 AMOUNT: $98,687 2020 AMOUNT: $236,465 2023 AMOUNT: $906,286 TMC FUND ALLOCATION 2020 AMOUNT: $372,621 2021 AMOUNT: $2,927,218 2022 AMOUNT: $679,105 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28996591 500000 3367520 5397901 27466210 26730609 500000 2935662 1169680 28996591 29749102 3130000 -4993990 1154503 26730609 22395921 1080000 7321363 1048182 29749102 23115709 176800 115435 1012023 22395921 0.00000 1.00000 0.00000 1 0 786831 744047 42784 10666803 9064574 1602229 1645013 MUSIC CTR FDTN UNITIZED INV PL 27466210 F 27466210 BENEFICIAL INTEREST IN REMAINDER TRUST - INVESTMENTS 19700000 BENEFICIAL INTEREST IN PERPETUAL TRUST - RECEIVABLE 19209993 RIGHT-OF-USE ASSET 659550 39569543 X 51700852 3959148 410700 4369848 47331004 98991 -818279 -719288 46611716 52271840 410700 818279 1228979 51042861 98991 98991 51141852 PART X, LINE 2: THE OPERA IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE OPERA IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION FOR UNRELATED BUSINESS INCOME TAX WAS RECORDED AT JUNE 30, 2024 OR 2023. THE OPERA RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED, AS APPROPRIATE, FOR CHANGES IN FACTS AND CIRCUMSTANCES. THE OPERA HAS NO UNCERTAIN TAX POSITIONS RECORDED AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -818,279. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 818,279. PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS THE FINANCE COMMITTEE 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). THESE POLICIES ESTABLISH ASSET CLASSES THAT ARE DEEMED SUITABLE FOR INVESTMENT OF ENDOWMENT FUNDS, WHICH CURRENTLY INCLUDE INVESTMENTS IN DOMESTIC AND INTERNATIONAL EQUITIES, FIXED INCOME, ALTERNATIVE STRATEGIES, AND REAL ASSETS THROUGH THE FOUNDATION INVESTMENT POOL. IN ORDER TO SUPPORT THE LONG-TERM GROWTH OF THE OPERA, THE FINANCE COMMITTEE HAS ESTABLISHED A SPENDING RATE POLICY WHERE THE ENDOWMENT SHALL ANNUALLY DISTRIBUTE A PERCENTAGE OF THE 12-QUARTER ROLLING AVERAGE FAIR VALUE ENDING ON MARCH 30 OF THE PRIOR FISCAL YEAR. IN 2024 AND 2023, THE PERCENTAGE RATE USED WAS 5%. FOR FUNDS WITH DONOR-IMPOSED ASSET ALLOCATIONS OR DISTRIBUTIONS, THE DISTRIBUTIONS 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. FINAL AUTHORIZATION OF THE APPROPRIATION BY THE BOARD OCCURS WHEN THE BUDGET IS APPROVED. X X X X X X X 1 SD&A TELESERVICES INC 5757 WEST CENTRY BLVD SUITE 300 LOS ANGELAS CA 90045 FUNDRAISING 0 285612 169054 116558 285612 169054 116558 CA 23/24 GALA 1472109 842065 630044 150626 513001 154652 1472109 842065 630044 150626 513001 154652 818279 -188235 1 EVA AND MARC STERN ARTIST AWARD FUND 3 75000 SCHEDULE I, PART 1, LINE 1 THE EVA AND MARC STERN ARTIST AWARD PROVIDES EXTRA ASSISTANCE TO RISING TALENT AND INDIVIDUALS WITH A STRONG CONNECTION TO LOS ANGELES IN AN EXPRESSION OF ADMIRATION AND GRATITUDE FOR BOTH PAST AND FUTURE CONTRIBUTIONS TO THE CREATIVE ENDEAVORS OF LA OPERA. THIS YEAR'S AWARD WAS GIVEN TO TWO INCREDIBLE ARTISTS AND ONE LONG-TERM EMPLOYEE OF THE COMPANY. RECIPIENTS OF THE AWARD WERE SELECTED BY MEMBERS OF LA OPERA'S ARTISTIC STAFF IN CONSULTATION WITH MARC AND EVA STERN, AND THE OPERA PERIODICALLY CHECKS IN WITH THE RECIPIENTS TO ENSURE THE FUNDS ARE EXPENDED IN A MANNER CONSISTENT WITH THEIR INTENT. X X 1 0 X X X X 0 0 0 0 0 0 0 1 0 CHRISTOPHER G KOELSCH EX. OFFICIO DIR., PRES. & CEO 691099 0 490000 0 0 0 48142 0 10385 0 1239626 0 0 0 JOHN P NUCKOLS EVP, CHIEF STRATEGIC OFFICER 385691 0 143750 0 0 0 37514 0 0 0 566955 0 0 0 RUPERT H F HEMMINGS VP, ARTISTIC PLANNING 313758 0 0 0 0 0 16288 0 25109 0 355155 0 0 0 KATHLEEN A RUIZ VP, CFO 279700 0 0 0 0 0 37088 0 22846 0 339634 0 0 0 DIANE RHODES BERGMAN VP, MARKETING, COMM & TECH SERVICES 244018 0 0 0 0 0 41577 0 8810 0 294405 0 0 0 JILL K BOYD VP, HR & LABOR RELATIONS 236733 0 0 0 0 0 11838 0 0 0 248571 0 0 0 PATRICIA C MCLEOD SR DIRECTOR OF DEVELOPMENT 209379 0 0 0 0 0 10834 0 19382 0 239595 0 0 0 CHUL PARK SR DIRECTOR OF TECHNOLOGY SERVICES 195345 0 0 0 0 0 8924 0 15173 0 219442 0 0 0 TEHVON D FOWLER-CHAPMAN VP, LA OPERA CONNECTS (THRU 02/24) 189735 0 0 0 0 0 8620 0 8810 0 207165 0 0 0 KELLY TRAVIS OPERA HEAD VIDEO 178677 0 0 0 0 0 0 0 0 0 178677 0 0 0 SCOTT SHEPHERD STAGEHANDS CARPENTER 168880 0 0 0 0 0 0 0 0 0 168880 0 0 0 ROBERT C KLEIN STAGEHANDS OPERA HEAD 163752 0 0 0 0 0 0 0 0 0 163752 0 0 0 JAMES CONLON EX. OFFICIO DIR., MUSIC DIRECTOR 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE 1A THROUGH ITS CONTRACT WITH AMADEUS MUSIC PRODUCTIONS, JAMES CONLON IS ENTITLED TO RECEIVE HOUSING BENEFITS AND MAY USE FIRST CLASS TRAVEL. PART I, LINE 7: NONFIXED PAYMENTS TWO INDIVIDUALS RECEIVED A DISCRETIONARY, NON-FIXED PAYMENT. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COLUMN (B). THE OFFICER'S REPORTED COMPENSATION INCLUDES A BONUS OF $180,000 RELATED TO SERVICES PERFORMED IN CALENDAR YEAR 2022; VESTING TOOK PLACE IN 2022 AND PAYMENT TOOK PLACE IN 2023. FORM 990, PART VII, SEC. A, LINE 5 PAYMENTS FOR MUSIC DIRECTOR SERVICES PROVIDED BY JAMES CONLON WERE MADE TO THE AMADEUS MUSIC PRODUCTION CORP (A COMPANY UNRELATED TO LA OPERA). JAMES CONLON RECEIVED $730,817 IN COMPENSATION FOR HIS SERVICES. AMADEUS MUSIC PRODUCTIONS ENTITY IS OWNED BY DIRECTOR, JAMES CONLON. 795531 MUSIC DIRECTOR SERVICE PAYMENTS 0 X 17 782568 MARKET VALUE X 1 86390 FAIR VALUE X PRODUCTION EQUIPMENT 1 20796 FAIR VALUE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A VOTING MEMBERS OF THE GOVERNING BODY THE EXECUTIVE COMMITTEE IS EMPOWERED TO EXERCISE ALL THE DUTIES OF THE BOARD BETWEEN MEETINGS OF THE BOARD AND WHEN THE BOARD IS NOT IN SESSION, EXCEPT THOSE MATTERS PRECLUDED UNDER SECTION 5212 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 3 PAYMENTS FOR MUSIC DIRECTOR SERVICES PROVIDED BY JAMES CONLON WERE MADE TO THE AMADEUS MUSIC PRODUCTION CORP (A COMPANY UNRELATED TO LA OPERA). JAMES CONLON RECEIVED $730,817 IN COMPENSATION FOR HIS SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND PRESIDENT 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, WITHOUT 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. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICIES ADOPTED BY THE BOARD. ANY PROPOSED TRANSACTION WHERE THERE IS, OR MAY BE, A CONFLICT OF INTEREST WITH A BOARD MEMBER IS DISCUSSED AND MAY BE SUBJECT TO APPROVAL BY THE BOARD. ANNUALLY, A PERSONALIZED LETTER TO EACH BOARD MEMBER, SIGNED BY THE CHAIRMAN OF THE BOARD, IS CIRCULATED SPECIFICALLY REQUESTING REVIEW OF THE POLICY, WHICH IS ATTACHED TO THE LETTER ALONG WITH A QUESTIONNAIRE. A RESPONSE TO A QUESTIONNAIRE IS REQUESTED TO BE SENT TO THE CHIEF FINANCIAL OFFICER. ANY POTENTIAL CONFLICT IS DISCUSSED WITH THE CHAIRMAN OF THE BOARD AND THE PRESIDENT. THE CHAIRMAN OR THE PRESIDENT DECIDE IF A POTENTIAL CONFLICT EXISTS AND IF IT SHOULD BE SUBMITTED TO THE BOARD OF DIRECTORS. IN ADDITION, HUMAN RESOURCES DISTRIBUTES THE COMPANY CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE TO ALL EMPLOYEES AT THE DIRECTOR LEVEL AND ABOVE ON AN ANNUAL BASIS. EMPLOYEES ARE ASKED A SERIES OF QUESTIONS AND REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST, SIGN AND CERTIFY THE FORM, AND RETURN IT TO HUMAN RESOURCES. THE VP OF HUMAN RESOURCES, CEO AND CFO DISCUSS ANY POTENTIAL CONFLICTS AND DETERMINE IF ANY ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION COMMITTEE OF THE BOARD MEETS TO REVIEW AND APPROVE THE COMPENSATION, OR CHANGE IN COMPENSATION, OF THE FOLLOWING POSITIONS: - PRESIDENT AND CHIEF EXECUTIVE OFFICER - MUSIC DIRECTOR - CHIEF FINANCIAL OFFICER - 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: - COMPENSATION SURVEYS OR BENCHMARKING STUDIES OF COMPARABLE ORGANIZATIONS - INDUSTRY GROUP SURVEYS (OPERA AMERICA) - FORM 990 OF COMPARABLE ORGANIZATIONS COMPENSATION AGREEMENTS ARE APPROVED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. DOCUMENTATION INCLUDES THE TERMS OF THE AGREEMENTS AND THE DATE APPROVED , MEMBERS PRESENT DURING THE MEETING AND THOSE WHO VOTED, THE 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. FORM 990, PART VI, SECTION C, LINE 19 THE LA OPERA MAKES ITS GOVERNING DOCUMENTS, TAX EXEMPTION LETTER, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE WWW.LAOPERA.ORG. CHARITABLE REMAINDER TRUST (1) TRUST CA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0