2026-05-15T12:44:43-05:00 2025-06-30 930900579 MCDONALD JACOBS PC 121 SW SALMON ST STE 1100 PORTLAND OR 97204 990 2024-07-01 936034321 PORTLAND OPERA ASSOCIATION INC PORT 5032411407 PO BOX 8219 PORTLAND OR 97207 ALEXANDER CHESTER DIRECTOR OF FINANCE 5032411407 2026-05-15 1 1 SANG AHN P00540880 5032270581 2024 2025-03-06 01:10:19Z KREGG ARNSTON PO BOX 8219 PORTLAND OR 97207 2096616 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. 11 11 297 25 0 0 4120048 1269995 1252708 483556 37576 294954 24214 48111 5434546 2096616 0 0 0 0 4647582 4779113 0 0 749273 2685941 2942538 7333523 7721651 -1898977 -5625035 17226720 11196828 7320515 6251803 9906205 4945025 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 5718792 483556 EXECUTED A SUCCESSFUL SEASON OF FOUR PRODUCTIONS WHILE MOVING THE COMPANY OUT OF A LONG-TERM ARTISTIC HOME WITH A SQUARE FOOTAGE IN EXCESS OF 30,000 SQUARE FEET AND FINALLY LANDING IN AN ARTISTIC HOME WITH A SQUARE FOOTAGE OF 16,000 SQUARE FEET. DURING THIS TRANSITORY PHASE, PORTLAND OPERA REHEARSED AND PERFORMED IN SEVEN DIFFERENT VENUES, FIVE OF WHICH WERE NEW TO THE OPERA. SOLD OUT ALL FOUR PERFORMANCES OF THE SHINING, AND ADDED A THIRD PERFORMANCE OF SHIZUE: AN AMERICAN STORY AFTER THE FIRST TWO SHOWS SOLD OUT WELL IN ADVANCE. CONTINUED PROGRAMMING THROUGH PORTLAND OPERA TO GO (POGO), PORTLAND OPERA RESIDENT ARTISTS (PORA), AND OPERA A LA CART, EXPANDING ACCESS TO OPERA THROUGH SCHOOL-BASED PERFORMANCES, PROFESSIONAL ARTIST TRAINING, AND FREE COMMUNITY PERFORMANCES IN PUBLIC SPACES. 5718792 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 0 0 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 54 0 1 297 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X X ALEXANDER CHESTER 5032411407 121 SW SALMON STREET PORTLAND OR 97204 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 GREGORY BROWN SECRETARY 1.50 0.50 X X 0 0 0 LARRY ROPER TREASURER 1.50 0.50 X X 0 0 0 KATHERINE DE LA FOREST DIRECTOR 1.50 X 0 0 0 HUGH HARRIS DIRECTOR 1.50 X 0 0 0 CHRISTINE LEWIS DIRECTOR 1.50 X 0 0 0 CAROL TURNER DIRECTOR 1.50 X 0 0 0 NICHOLE ANGLIN DIRECTOR 1.50 X 0 0 0 SUSAN DIXON GENERAL DIRECTOR 40.00 1.00 X 170343 0 15671 MELISSA BUXTON CFO 40.00 X 81923 0 0 ANNA LABYKINA DIRECTOR OF PRODUCTION 40.00 X 127275 0 6998 ALFRELYNN ROBERTS ARTISTIC DIRECTOR 40.00 X 117860 0 6916 497401 0 29585 3 0 1 0 JEMA BITAR MANAGEMENT INC 9828 E BURNSIDE STREET SUITE 200 PORTLAND OR 97216 PROPERTY MANAGEMENT 167852 PORTLAND INTERNETWORKS 419 NE 10TH AVE PORTLAND OR 97232 IT SERVICES 155171 2 159058 1110937 29904 1269995 TICKET SALES 711110 398388 398388 FACILITY RENTAL 531120 35394 35394 SCENERY RENTAL 900099 29607 29607 PERFORMANCE FEE 900099 20167 20167 483556 294954 294954 MISC INCOME 900099 48111 48111 48111 2096616 483556 0 343065 265699 211929 40466 13304 3787975 3021379 576906 189690 46778 37311 7124 2343 363381 289841 55343 18197 315280 251475 48017 15788 107327 243 106609 475 52532 52532 43902 459 23201 20242 219335 219335 353119 175214 156077 21828 258421 258421 424085 359903 62439 1743 468348 11902 9224 447222 32995 32995 14561 14561 74075 48852 25223 PERFORMANCE COSTS 866338 832465 17597 16276 27500 63 25272 2165 7721651 5718792 1253586 749273 68380 6864 218733 3464101 1095697 140620 12485 4918 204289 343823 2848623 2451059 361564 397564 2752885 3416740 12512687 3422198 17226720 11196828 185574 559397 54333 96200 2009348 991433 4079827 5596206 7320515 6251803 X 9727724 4766544 178481 178481 9906205 4945025 17226720 11196828 X -5625035 663855 X 0 0 0 X 3546600 3429568 2970587 4120048 1269995 15336798 58489 552992 1071682 1252708 483556 3419427 3605089 3982560 4042269 5372756 1753551 18756225 92672 69450 89828 5000 256950 0 92672 69450 89828 5000 256950 18499275 611784 887489 866857 51372 294954 2712456 611784 887489 866857 51372 294954 2712456 48111 48111 293076 1557249 1420876 21214 3292415 4509949 6427298 6330002 5445342 2096616 24809207 0.74570 0.73180 0.10930 0.12310 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 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 1562325 1562325 5011613 3449288 1562325 6038533 3570 445035 1475525 5011613 7548673 -976894 533246 6038533 7194780 1103944 750051 7548673 1.00000 1 0 2848623 2451059 397564 397564 EQUITY INVESTMENT IN SUBSIDIARY 3416740 C 3416740 INVESTMENT IN ENDOWMENT 3119291 BENEFICIAL INTEREST IN TRUSTS 178481 OPERATING LEASE RIGHT-OF-USE ASSETS 124426 3422198 DUE TO THEATRE SUBSIDIARY 5471780 OPERATING LEASE LIABILITIES 124426 5596206 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 170343 0 0 0 0 0 4925 0 10746 0 186014 0 0 0 X WINE 7 29904 FMV 0 0 0 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 FINANCE COMMITTEE TO REVIEW THE 990. THE BOARD FINANCE COMMITTEE EITHER APPROVES THE 990 OR RETURNS THE DRAFT WITH ITS QUESTIONS TO THE CPA FIRM. WHEN APPROVED, IT PRESENTS THE 990 TO THE BOARD OF DIRECTORS. THE ENTIRE BOARD OF DIRECTORS RECEIVES A COPY OF THE 990 WHEN THE RETURN IS 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: INCREASE IN VALUE OF SUBSIDIARY 663,855. 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 1 1 1 1 0 0 PORTLAND THEATER PRODUCTIONS N 20100 ACTUAL COSTS PORTLAND THEATER PRODUCTIONS P 2828997 DIRECT REIMBURSEMENT PORTLAND THEATER PRODUCTIONS Q 4414065 DIRECT REIMBURSEMENT