2026-04-14T15:11:44-05:00 2025-05-31 236410283 ISDANER & COMPANY LLC ONE BALA PLAZA SUITE 502 BALA CYNWYD PA 19004 990 2024-06-01 231504706 OPERA PHILADELPHIA OPER 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 DAVID LEVY EXECUTIVE VICE PRESIDENT 2158933600 2026-04-02 1 0 EDWARD W DORAN CPA P00841330 6106684200 2026-04-02 2024 2025-03-06 01:10:19Z ANTHONY ROTH COSTANZO 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 11182325 0 X WWW.OPERAPHILA.ORG X 1975 PA OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY. 28 28 287 55 0 0 8019453 10269544 1486528 643489 6865 38482 -145634 135869 9367212 11087384 0 0 0 0 5664550 4931903 0 0 1435572 5918970 6435936 11583520 11367839 -2216308 -280455 7275973 6428122 3704041 3298074 3571932 3130048 TO BE PHILADELPHIA'S PROFESSIONAL PRODUCER OF QUALITY GRAND OPERA, PRODUCING A DIVERSE RANGE OF REPERTOIRE FEATURING INTERNATIONAL ARTISTS ALONGSIDE RISING YOUNG SINGERS, AND TO PRODUCE EDUCATIONAL PROGRAMS WHICH NURTURE THE FUTURE AND RELEVANCE OF THE ART FORM. 0 0 7147886 643489 IN FY25 OPERA PHILADELPHIA PRODUCED: MISSY MAZZOLI'S THE LISTENERS (OCTOBER 2024) FEATURING NICOLE HEASTON (CLAIRE DEVON) AND KEVIN BURDETTE (HOWARD BARD), DIRECTED BY LILEANA BLAIN- CRUZ AND CONDUCTED BY CORRADO ROVARIS; JOSEPH BOLOGNE'S THE ANONYMOUS LOVER (JANUARY/FEBRUARY 2025), FEATURING SYMONE HARCUM (LEONTINE), DIRECTED BY DENNIS WHITEHEAD DARLING AND CONDUCTED BY JALENA BOVELL; AND NEW PRODUCTION OF DON GIOVANNI (MAY 2025), FEATURING SIDNEY OUTLAW (DON GIOVANNI), DIRECTED BY ALISON MORITZ AND CONDUCTED BY CORRADO ROVARIS. 538598 OPERA PHILADELPHIA INAUGURATED THE PICK YOUR PRICE INITIATIVE, OFFERING TICKETS AS LOW AS $11 EACH, SELLING OUT THE SEASON AND MAKING OPERA ACCESSIBLE TO NEW AUDIENCES. IN ADDITION, CONTINUED ITS COMMUNITY INITIATIVES WITH PROGRAMMING THAT IMPACTS STUDENTS AND ADULTS THROUGHOUT PHILADELPHIA. OPERA PHILADELPHIA ALSO PRODUCED A FREE CONCERT AT CITY HALL AS PART OF CENTER CITY DISTRICT'S ARTS ON CENTER STAGE AND MOTHER TREE CANTATA IN PARTNERSHIP WITH PARKSINGERS. 7686484 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 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 0 0 0 0 1 187 0 1 287 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA NJ NY FL X X JEREMIAH MARKS 4842281084 2810 N CHURCH STREET PMB19231 WILMINGTON DE 198024447 DAVID DEVAN PRESIDENT UNTIL 5/31/24 60.00 X 329209 0 36879 ANTHONY ROTH COSTANZO PRESIDENT FROM 6/1/24 60.00 X 159583 0 3890 DAVID LEVY SVP OF ARTISTIC OPERA 60.00 X 169950 0 9150 IRMAJEANNE RANGE VP OF DEVELOPMENT 60.00 X 137192 0 14328 DERRELL ACON VP OF PEOPLE OPERATIONS & 60.00 X 141389 0 9735 VERONICA S CHAPMAN-SMITH VP OF COMMUNITY INITIATIVE 60.00 X 141110 0 7533 REBECCA MIRIAM ACKERMAN SR DIR OF DEVELOPMENT 60.00 X 114994 0 14049 DERREN A MANGUM DIR OF INSTITUTIONAL GIVIN 60.00 X 102000 0 5708 PETER LEONE CHAIR 3.00 X X 0 0 0 WILLO CAREY VICE CHAIR 3.00 X X 0 0 0 CHARLES C FREYER VICE CHAIR 3.00 X X 0 0 0 THOMAS MAHONEY TREASURER 3.00 X X 0 0 0 IRA BRIND DIRECTOR 3.00 X 0 0 0 LARRY BROWNLEE DIRECTOR 3.00 X 0 0 0 KATHERINE CHRISTIANO DIRECTOR 3.00 X 0 0 0 WILLIAM DUNBAR DIRECTOR 3.00 X 0 0 0 DAVID FERGUSON DIRECTOR 3.00 X 0 0 0 DEENA GU LATIES DIRECTOR 3.00 X 0 0 0 ALEXANDER HANKIN DIRECTOR 3.00 X 0 0 0 JOHN KARAMATSOUKAS DIRECTOR 3.00 X 0 0 0 STEPHEN KLASKO DIRECTOR 3.00 X 0 0 0 BEVERLY LANGE DIRECTOR 3.00 X 0 0 0 DAVID LOW DIRECTOR 3.00 X 0 0 0 SARAH MARSHALL DIRECTOR 3.00 X 0 0 0 TANEISE S MARSHALL DIRECTOR 3.00 X 0 0 0 AGNES MULRONEY DIRECTOR 3.00 X 0 0 0 COLLEEN O'RIORDAN DIRECTOR 3.00 X 0 0 0 STEPHEN PESNER DIRECTOR 3.00 X 0 0 0 NABILA SAJID DIRECTOR 3.00 X 0 0 0 NANCY SANDERS DIRECTOR 3.00 X 0 0 0 BOB SCHENA DIRECTOR 3.00 X 0 0 0 CAROLYN SEIDLE DIRECTOR 3.00 X 0 0 0 BARBARA TEICHERT DIRECTOR 3.00 X 0 0 0 LISA WASHINGTON DIRECTOR 3.00 X 0 0 0 KATHLEEN WEIR DIRECTOR 3.00 X 0 0 0 YUEYI ZHOU DIRECTOR 3.00 X 0 0 0 1295427 0 101272 8 0 1 0 RADAR 2810 N CHURCH STREET WILMINGTON DE 19802 ACCOUNTING 381671 CORRADO ROVARIS 604 SOUTH WASHINGTON SQ 3108 PHILADELPHIA PA 19106 CONDUCTOR 178869 2 43000 10226544 3727461 10269544 TICKET SALES 711110 617354 617354 PRODUCTION PARTNERSHIP 711110 14820 14820 TICKET PROCESSING FEES 711110 4428 4428 SET & COSTUME RENTALS 711110 3887 3887 EVENT FEES 711110 3000 3000 643489 22275 22275 111148 94941 16207 16207 16207 OTHER REVENUE - FINANCE 711110 77728 77728 OTHER 711110 32904 32904 OTHER REVENUE - MARKETING 711110 25237 25237 135869 11087384 779358 0 38482 470771 188309 47077 235385 3477626 2548300 279796 649530 75952 43988 13706 18258 580728 455377 31436 93915 326826 230023 38003 58800 82494 6952 75542 276313 276313 1037316 436382 554420 46514 102027 60 101967 745578 599634 117940 28004 218592 6064 209712 2816 45480 44792 688 1543940 1403689 136786 3465 500264 445143 33078 22043 95946 12614 9940 73392 107953 107953 40858 25018 15840 149601 1046 148555 OPERA PRODUCTION COSTS 1227855 1224103 399 3353 BAD DEBT EXPENSE 198950 7936 191014 VIDEO/MEDIA PRODUCTION 45742 13816 30126 1800 SPECIAL EVENT EXPENSE 7283 7283 9744 1174 8570 11367839 7686484 2245783 1435572 181321 1400001 5781466 3102168 46159 47002 581965 284440 2432708 1748550 80016 684158 257786 121192 347260 789161 7275973 6428122 853778 527675 518518 603770 2224125 1635963 107620 530666 3704041 3298074 X -1895145 -386278 5467077 3516326 3571932 3130048 7275973 6428122 X -280455 13571 -175000 X X 0 1 X 1 0 X 6903252 10442398 8049758 8035266 10283454 43714128 257356 815324 1555604 1582328 643489 4854101 7160608 11257722 9605362 9617594 10926943 48568229 947563 1031868 3973767 1567372 3316791 10837361 0 947563 1031868 3973767 1567372 3316791 10837361 37730868 10743 11925 11829 13702 22275 70474 10743 11925 11829 13702 22275 70474 13268 29229 63741 73601 135869 315708 7184619 11298876 9680932 9704897 11085087 48954411 0.77070 0.80600 0.00140 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11367839 11367839 718392 179598 0 0 745635 729176 718392 2193203 3289805 186409 182294 179598 548301 822452 257787 25000 9807 171402 121192 222897 44660 9770 257787 233759 -1121 9741 222897 262706 -19335 9612 233759 212854 58289 8437 262706 0.52550 0.47450 0 0 837563 824066 13497 1595145 924484 670661 684158 BENEFICIAL INTEREST IN REMAINDER TRUST 268708 RIGHT OF USE ASSET, NET OPERATING LEASE 520453 789161 LEASE LIABILITY 530666 530666 X 11112187 13571 25000 38571 11073616 13768 13768 11087384 11379071 25000 25000 11354071 13768 13768 11367839 PART V, LINE 4: ENDOWMENT NET ASSETS CONSIST OF PERMANENTLY RESTRICTED CONTRIBUTIONS SUBJECT TO DONOR-IMPOSED RESTRICTIONS THAT THE PRINCIPAL BE INVESTED IN PERPETUITY, AS WELL AS RESIDUAL INCOME HELD IN TEMPORARILY RESTRICTED NET ASSETS. THE FUNDS ARE SUBJECT TO PENNSYLVANIA ACT 141 GOVERNING NONPROFIT ENDOWMENTS, UNDER WHICH THE COMPANY HAS ELECTED TO ADOPT A "TOTAL RETURN" INVESTMENT POLICY BASED ON THE VALUE OF THE FUND. THE COMPANY HAS ADOPTED AN INVESTMENT POLICY THAT ATTEMPTS TO MAXIMIZE TOTAL RETURN CONSISTENT WITH AN ACCEPTABLE LEVEL OF RISK. ENDOWMENT ASSETS ARE INVESTED IN A DIVERSIFIED ASSET MIX, WHICH INCLUDES EQUITY AND DEBT-RELATED SECURITIES THAT IS INTENDED TO RESULT IN A REASONABLE INFLATION-PROTECTED RATE OF RETURN WHILE GROWING THE FUND IF POSSIBLE. PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FASB ACCOUNTING STANDARDS (ASC) 740 ADDRESSES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND ESTABLISHES FOR ALL ENTITIES, INCLUDING NOT-FOR-PROFIT ENTITIES SUCH AS THE COMPANY, A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS (INCLUDING WHETHER AN ENTITY IS TAXABLE IN A PARTICULAR JURISDICTION). THE COMPANY RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE COMPANY'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUSTAINED UPON EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF MAY 31, 2025 OR 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE 6,485. SPECIAL EVENT EXPENSE 7,283. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROPERTY RENTAL EXPENSE 6,485. SPECIAL EVENT EXPENSE 7,283. 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAVID DEVAN PRESIDENT UNTIL 5/31/24 329209 0 0 0 0 0 28229 0 8650 0 366088 0 0 0 ANTHONY ROTH COSTANZO PRESIDENT FROM 6/1/24 159583 0 0 0 0 0 0 0 3890 0 163473 0 0 0 DAVID LEVY SVP OF ARTISTIC OPERA 169950 0 0 0 0 0 8497 0 653 0 179100 0 0 0 IRMAJEANNE RANGE VP OF DEVELOPMENT 137192 0 0 0 0 0 4283 0 10045 0 151520 0 0 0 DERRELL ACON VP OF PEOPLE OPERATIONS & 141389 0 0 0 0 0 3880 0 5855 0 151124 0 0 0 X 17 2874121 FMV AT DATE OF GIFT X 1 820000 APPRAISAL X PIANO 1 32800 APPRAISED VALUE X BAKED GOODS 1 540 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CFO AND THE AUDIT COMMITTEE. EXCLUDING SCHEDULE B FOR CONFIDENTIALITY PURPOSES, IT IS THEN PROVIDED TO THE BOARD OF DIRECTORS VIA E-MAIL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS REQUIRED TO FILL OUT AND RETURN AN ANNUAL CONFLICT OF INTEREST FORM. THE RETURNED STATEMENTS ARE COMPILED AND REVIEWED. PERSONS WHO HAVE NOT RETURNED THE FORM ARE CONTACTED AND REQUESTED TO COMPLETE IT AGAIN. AT ANY MEETING IN WHICH THE BOARD IS TO ACT ON A TRANSACTION INVOLVING A CONFLICT OF INTEREST, ALL MATERIAL FACTS ARE DISCLOSED AND BROUGHT TO THE ATTENTION OF THE BOARD. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT HR CONSULTANT IS USED TO ESTABLISH COMPENSATION AND BENEFITS FOR THE STAFF. THE COMPENSATION COMMITTEE REVIEWS SALARIES ON AN ANNUAL, OR MORE FREQUENT BASIS. CONSULTANT REFERENCES LOCAL WAGE BENCHMARKS, PEER ORGANIZATION SALARIES AS WELL AS THE HR SURVEY ISSUED BY OPERA AMERICA. SALARIES ARE APPROVED BY THE COMMITTEE, GENERAL DIRECTOR AND CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, WHICH SHALL NOT BE UNREASONABLY WITHHELD, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -175,000. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR