2025-05-15T11:00:26-05:00 2024-06-30 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2023-07-01 936034321 PORTLAND OPERA ASSOCIATION INC PORT 5032411407 PO BOX 8219 PORTLAND OR 97207 SUSAN DIXON GENERAL DIRECTOR 5032411407 2025-05-14 1 0 SANG AHN P00540880 5032270581 2023 2025-03-06 01:10:19Z X CAROLE MORSE PO BOX 8219 PORTLAND OR 97207 10974548 0 X WWW.PORTLANDOPERA.ORG X 1965 OR WE GATHER AND INSPIRE AUDIENCES, ARTISTS, AND COLLABORATORS TO CREATE SHARED OPERA EXPERIENCES THAT ENLIVEN AND CONNECT US ALL, ENHANCING THE CULTURAL LANDSCAPE OF THE BEAUTIFUL PACIFIC NORTHWEST. 15 15 298 35 0 0 2970587 4120048 1071682 1252708 506118 37576 1781615 24214 6330002 5434546 0 0 0 0 3147074 4647582 0 0 595876 5578480 2685941 8725554 7333523 -2395552 -1898977 20771910 17226720 8007980 7320515 12763930 9906205 X WE GATHER AND INSPIRE AUDIENCES, ARTISTS, AND COLLABORATORS TO CREATE SHARED OPERA EXPERIENCES THAT ENLIVEN AND CONNECT US ALL, ENHANCING THE CULTURAL LANDSCAPE OF THE BEAUTIFUL PACIFIC NORTHWEST. 0 0 5472155 1252708 PORTLAND OPERA EXISTS TO INSPIRE, CHALLENGE AND UPLIFT OUR AUDIENCES BY CREATING PRODUCTIONS OF HIGH ARTISTIC QUALITY THAT CELEBRATE THE BEAUTY AND BREADTH OF OPERA. ON AND BEYOND THE STAGE, WE SHARE OPERA WITH MORE THAN 400,000 PEOPLE ANNUALLY THROUGH FREE CONCERTS, PREVIEWS, LECTURES, BROADCASTS AND OTHER COMMUNITY PROGRAMS, INCLUDING EDUCATION EFFORTS THAT REACH MORE THAN 37,000 YOUNG PEOPLE. THE COMPANY IS ALSO A LEADER IN THE DEVELOPMENT OF NEW OPERA TALENT, WITH PORTLAND OPERA RESIDENT ARTISTS PROGRAM, CONSIDERED ONE OF THE FINEST PROFESSIONAL RESIDENCIES FOR EARLYCAREER OPERA SINGERS IN THE NATION. (CONTINUED ON SCH O)THE COMPANY WORKS CLOSELY WITH SCHOOLS TO PROVIDE EDUCATIONAL AND OUTREACH OPPORTUNITIES FOR CERTAIN SHOWS, INCLUDING BACKSTAGE TOURS, "CHAT BACKS" WITH CAST MEMBERS, MASTER CLASSES, AND RELATED ACTIVITIES IN ADDITION TO STUDENT GROUP AND RUSH TICKET DISCOUNTS. OUR GROUP SALES DEPARTMENT PROVIDES BOX OFFICE SERVICES FOR OTHER NOT-FOR-PROFIT EVENTS HELD AT OUR FACILITY. 5472155 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 58 0 1 298 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X MELISSA BUXTON 5033215269 733 SW OAK PORTLAND OR 97205 CAROLE MORSE PRESIDENT 1.50 0.50 X X 0 0 0 KREGG ARNSTON VICE PRESIDENT 1.50 0.50 X X 0 0 0 JAMEY HAMPTON VICE PRESIDENT 1.50 0.50 X X 0 0 0 DR CURTIS THOMPSON PAST PRESIDENT 1.50 0.50 X X 0 0 0 GREGORY BROWN SECRETARY 1.50 0.50 X X 0 0 0 MATTHEW ESSIEH TREASURER 1.50 0.50 X X 0 0 0 KATHERINE DE LA FOREST DIRECTOR 1.50 X 0 0 0 MICHELLE GLASS DIRECTOR 1.50 X 0 0 0 HUGH HARRIS DIRECTOR 1.50 X 0 0 0 JR KAMRA DIRECTOR 1.50 X 0 0 0 CHRISTINE LEWIS DIRECTOR 1.50 X 0 0 0 DAVID OWENS DIRECTOR 1.50 X 0 0 0 LARRY ROPER DIRECTOR 1.50 X 0 0 0 PAUL SNYDER DIRECTOR 1.50 X 0 0 0 KATHRYN WHEELER DIRECTOR 1.50 X 0 0 0 SUSAN DIXON GENERAL DIRECTOR 40.00 1.00 X 156988 0 12080 RICHARD SEALS CFO 40.00 X 0 0 0 156988 0 12080 2 0 1 0 CFO SELECTIONS INC 3150 RICHARDS RD SUITE 150 BELLEVUE WA 98005 INTERIM CFO SERVICES 117568 PORTLAND INTERNETWORKS 419 NE 10TH AVE PORTLAND OR 97232 IT SERVICES 112314 CREATIVE FINANCIAL STAFFING PO BOX 95111 CHICAGO IL 60694 ACCOUNTING STAFF SUPPORT 101968 3 450050 3669998 30136 4120048 TICKET SALES 711110 762752 762752 FACILITY RENTAL 531120 438552 438552 PERFORMANCE FEE 900099 32591 32591 COSTUME RENTAL 900099 18813 18813 1252708 51372 51372 5485811 40395 5506587 33415 -20776 6980 -13796 -13796 MISC INCOME 900099 24214 24214 24214 5434546 1252708 0 61790 249517 191000 34766 23751 3641816 2787751 507420 346645 37984 29077 5292 3615 449083 343766 62571 42746 269182 206054 37506 25622 67520 2081 65439 94506 94506 11118 9650 1468 235175 235175 230533 79534 109146 41853 246949 163544 81819 1586 451031 438700 10126 2205 176083 15570 67295 93218 257849 167602 90247 27497 17873 9624 73103 32630 40473 PERFORMANCE COSTS 712078 712078 102499 40070 47794 14635 7333523 5472155 1265492 595876 437130 68380 93052 218733 70743 1095697 0 12485 176271 204289 2798062 2436498 422476 361564 2752885 19572238 12512687 20771910 17226720 181666 185574 268732 54333 2050658 2009348 1000000 991433 4506924 4079827 8007980 7320515 X 10203305 9727724 2560625 178481 12763930 9906205 20771910 17226720 X -1898977 -898718 -60030 X X 0 1 X 1 0 X 2841151 3546600 3429568 2970587 4120048 16907954 544587 58489 552992 1071682 1252708 3480458 3385738 3605089 3982560 4042269 5372756 20388412 115200 92672 69450 89828 5000 372150 0 115200 92672 69450 89828 5000 372150 20016262 950473 611784 887489 866857 51372 3367975 950473 611784 887489 866857 51372 3367975 302768 293076 1557249 1420876 21214 3595183 4638979 4509949 6427298 6330002 5445342 27351570 0.73180 0.69700 0.12310 0.14000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 302,768. 2020 AMOUNT: $ 293,076. 2021 AMOUNT: $ 1,557,249. 2022 AMOUNT: $ 1,420,876. 2023 AMOUNT: $ 21,214. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5011613 3449288 1562325 6038533 3570 445035 1475525 5011613 7548673 -976894 533246 6038533 7194780 1103944 750051 7548673 7830861 207000 729576 1572657 7194780 1.00000 1 0 2798062 2436498 361564 361564 EQUITY INVESTMENT IN SUBSIDIARY 2752885 C 2752885 INVESTMENT IN REAL ESTATE 10575911 INVESTMENT IN ENDOWMENT 1592921 BENEFICIAL INTEREST IN TRUSTS 178481 OPERATING LEASE RIGHT-OF-USE ASSETS 165374 12512687 DUE TO THEATRE SUBSIDIARY 3886712 DEPOSIT 27741 OPERATING LEASE LIABILITIES 165374 4079827 X PART X, LINE 2: THE ORGANIZATIONS FOLLOW THE PROVISIONS OF FASB ASC TOPIC 740 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATIONS' TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. 0 0 0 0 0 0 0 0 0 SUSAN DIXON GENERAL DIRECTOR 156988 0 0 0 0 0 4925 0 7155 0 169068 0 0 0 X WINE 34 22136 FMV X EVENT FLORALS 1 8000 FMV 0 0 0 PART I, COLUMN (B): EVENT FLORALS: NUMBER OF CONTRIBUTIONS, WINE: CASES OF WINE FORM 990, PART VI, SECTION A, LINE 4 UPDATED BYLAWS- THE MINIMUM NUMBER OF DIRECTORS FROM 15 TO 3. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE ORGANIZATION'S FINANCE AND MANAGEMENT TEAM MEET WITH THE CPA FIRM AND THE FINANCE COMMITTEE TO REVIEW THE 990. THE BOARD FINANCE COMMITTEE PRESENTS THE 990 TO THE BOARD EXECUTIVE COMMITTEE FOR APPROVAL. ONCE APPROVED, THE ENTIRE BOARD OF DIRECTORS RECEIVE A COPY OF THE 990 PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY; AND 4) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL THE GENERAL DIRECTOR IS HIRED BY THE BOARD OF DIRECTORS. THE GENERAL DIRECTOR HIRES ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS AND FINANCIAL INFORMATION ARE AVAILABLE ON OUR WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON INVESTMENT IN REAL ESTATE -1,424,089. INCREASE IN VALUE OF SUBSIDIARY 1,364,059. FORM 990, PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PORTLAND THEATER PRODUCTIONS PO BOX 8219 PORTLAND OR 97207 931158243 PROMOTE AND DEVELOP COMMUNITY EDUCATION AND UNDERSTANDING OF DRAMATIC MUSICA OR 501(C)(3) LINE 12B, II PORTLAND OPERA ASSOCIATION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0