2026-06-10T16:16:45-05:00 2025-07-31 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-08-01 940836240 SAN FRANCISCO OPERA ASSOCIATION SANF 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 MATTHEW SHILVOCK CEO 4155653295 2026-06-09 1 1 KATY BROWN P00650274 9257902600 2026-06-03 2024 2025-03-06 01:10:19Z MATTHEW SHILVOCK 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 130306641 0 X WWW.SFOPERA.COM X 1923 CA THE WORLD-RENOWNED SAN FRANCISCO OPERA IS CONSIDERED ONE OF THE MOST IMPORTANT OPERATIC ORGANIZATIONS IN THE UNITED STATES. GREAT SINGING, OUTSTANDING CONDUCTING AND PRODUCTIONS SENSITIVE TO THE MUSIC ARE CORE VALUES OF THE OPERA. THE OPERA PERPETUATES ITS LEGACY THROUGH THE TRAINING OF YOUNG ARTISTS, ARTS EDUCATION, AND AUDIENCE DEVELOPMENT. 71 70 941 424 -493221 0 56422826 48977065 17804744 16161213 30374594 18561725 -703897 -896640 103898267 82803363 0 0 0 0 68313696 65825398 202252 204367 5396210 24845034 23046192 93360982 89075957 10537285 -6272594 362293193 365835575 33051951 36020687 329241242 329814888 X WE BELIEVE OPERA IS A UNIQUELY COMPELLING, ENTERTAINING AND EMOTIONALLY THRILLING ART FORM. OUR MISSION IS TO BRING TOGETHER GROWING AUDIENCES TO EXPERIENCE OPERA'S TRANSFORMATIVE POWER. 0 0 61957480 13838237 PRODUCTION AND ARTISTIC ACCOMPLISHMENTS - SAN FRANCISCO OPERA'S 2024-25 SEASON BEGAN ON FRIDAY, SEPTEMBER 6, 2024, WITH THE ANNUAL OPERA BALL GALA AND VERDI'S UN BALLO IN MASCHERA CONDUCTED BY MUSIC DIRECTOR EUN SUN KIM. UN BALLO IN MASCHERA WAS PRESENTED IN A NEW-TO-SAN FRANCISCO OPERA PRODUCTION BY ITALIAN DIRECTOR LEO MUSCATO AND STARRED MICHAEL FABIANO, LIANNA HAROUTOUNIAN, AND THE DEBUT OF MONGOLIAN BARITONE AMARTUVSHIN ENKHBAT. CHORUS DIRECTOR JOHN KEENE PREPARED THE ARTISTS OF THE SAN FRANCISCO OPERA CHORUS.ON SEPTEMBER 14, POUL RUDERS' 2000 OPERA THE HANDMAID'S TALE HAD ITS WEST COAST PREMIERE IN A NEW CO-PRODUCTION BY SAN FRANCISCO OPERA AND THE ROYAL DANISH THEATRE. THE CAST WAS HEADED BY IRENE ROBERTS AND ALSO STARRED LINDSAY AMMANN, SARAH CAMBIDGE, JOHN RELYEA, SIMONE MCINTOSH, CHRISTOPHER OGLESBY, AND BRENTON RYAN, UNDER THE BATON OF KAREN KAMENSEK AND DIRECTED BY JOHN FULLJAMES.WAGNER'S TRISTAN UND ISOLDE RETURNED TO THE COMPANY'S STAGE IN OCTOBER AND NOVEMBER IN A NEW-TO-SAN FRANCISCO OPERA PRODUCTION BY DIRECTOR PAUL CURRAN AND DESIGNER ROBERT INNES HOPKINS. AS PART OF HER COMMITMENT TO LEAD WORKS BY VERDI AND WAGNER EVERY SEASON, EUN SUN KIM LED THIS PATH-BREAKING ROMANTIC EPIC NOT HEARD ON THE COMPANY'S STAGE IN 18 SEASONS. THE CAST FEATURED SIMON O'NEILL, ANJA KAMPE, KWANGCHUL YOUN, AND, IN THEIR HOUSE DEBUTS, WOLFGANG KOCH AND ANNIKA SCHLICHT.FRANCESCA ZAMBELLO'S PRODUCTION OF BIZET'S CARMEN RETURNED ON NOVEMBER 13, FOR 8 SOLD-OUT PERFORMANCES STARRING EVE-MAUD HUBEAUX IN HER AMERICAN DEBUT AS CARMEN, JONATHAN TETELMAN, CHRISTIAN VAN HORN, AND LOUISE ALDER WITH BENJAMIN MANIS CONDUCTING. THE 2025 SUMMER SEASON OPENED ON JUNE 3 WITH PUCCINI'S LA BOHEME IN THE SAN FRANCISCO OPERA PRODUCTION BY JOHN CAIRD WITH RAMON TEBAR CONDUCTING TWO CASTS. THE PRINCIPAL ROLES WERE PERFORMED BY PENE PATI, EVAN LEROY JOHNSON AS RODOLFO, KAREN CHIA-LING HO, NICOLE CAR AS MIMI, ANDREA CARROLL, BRITTANY RENEE AS MUSETTA ALONG WITH ARTISTS WHO SANG IN ALL PERFORMANCES INCLUDING LUCAS MEACHEM, BOGDAN TALOS, SAMUEL KIDD, AND DALE TRAVIS. LOBBY ACTIVATIONS DURING THE BOHEME PERFORMANCES FEATURING INTERACTIVE SCENES AND PERFORMERS ENHANCED THE AUDIENCE'S EXPERIENCE AND PROVIDED OPPORTUNITIES FOR PHOTOS. EUN SUN KIM CONDUCTED MOZART'S EARLY MASTERPIECE IDOMENEO IN A NEW-TO-SAN FRANCISCO OPERA PRODUCTION BY DIRECTOR LINDY HUME. THE CAST INCLUDED YING FANG IN HER COMPANY DEBUT, DANIELA MACK, ELZA VAN DEN HEEVER, MATTHEW POLENZANI, AND ALEK SHRADER. ON JUNE 27, THE COMPANY PRODUCED ITS FIRST PRIDE CONCERT AS PART OF THE LARGER, SAN FRANCISCO-WIDE PRIDE WEEKEND FESTIVITIES. SAPPHIRA CRISTAL EMCEED THE EVENING SHOWCASING THE SAN FRANCISCO OPERA ORCHESTRA ONSTAGE UNDER THE BATONS OF EUN SUN KIM AND ROBERT MOLLICONE WITH SOLOISTS JAMIE BARTON, BRIAN MULLIGAN, AND NIKOLA PRINTZ. AS A SPECIAL FEATURE OF THE CONCERT, VIDEO PROJECTION DESIGNER TAL ROSNER PROJECTED DESIGNS, ANIMATIONS, AND HISTORIC IMAGES AROUND THE AUDITORIUM.IN OCTOBER, A NEW DOCUMENTARY FILM, EUN SUN KIM: A JOURNEY INTO LOHENGRIN CO-PRODUCED BY SAN FRANCISCO OPERA AND LUMAHAI PRODUCTIONS, WAS RELEASED ONLINE FOR FREE STREAMING. THE BEHIND-THE-SCENES FILM ABOUT KIM AND THE PREPARATIONS FOR THE 2023 PERFORMANCES OF WAGNER'S LOHENGRIN WAS ALSO TELECAST ON KQED.ALONG WITH ITS MAINSTAGE OPERAS, THE COMPANY PRESENTED SEVERAL CONCERTS DURING ITS 102ND SEASON, BEGINNING WITH THE 50TH FREE OPERA IN THE PARK CONCERT AS PART OF OPENING WEEKEND WITH ARTISTS FROM THE FALL SEASON INCLUDING EUN SUN KIM CONDUCTING THE SAN FRANCISCO OPERA ORCHESTRA. IN CELEBRATION OF THE 200TH ANNIVERSARY OF BEETHOVEN'S NINTH SYMPHONY, KIM CONDUCTED A ONE-NIGHT-ONLY PERFORMANCE OF THE WORK ON OCTOBER 26 LEADING THE ORCHESTRA AND CHORUS ONSTAGE WITH SOLOISTS JENNIFER HOLLOWAY, ANNIKA SCHLICHT, RUSSELL THOMAS, AND KWANGCHUL YOUN. IN DECEMBER, THE COMPANY'S RESIDENT ARTISTS, THE ADLER FELLOWS, WERE FEATURED IN THE FUTURE IS NOW CONCERT AT HERBST THEATRE UNDER THE BATON OF BENJAMIN MANIS. CHORUS DIRECTOR JOHN KEENE LED THE SAN FRANCISCO OPERA CHORUS IN A YEAR-END CONCERT IN THE TAUBE ATRIUM THEATER. THE COMPANY'S POPULAR ENCOUNTER SERIES CONTINUED WITH THE CARMEN ENCOUNTER ON NOVEMBER 21 FEATURING A PERFORMANCE OF ACT I FROM THE OPERA AND AN IMMERSIVE PARTY IN THE TRANSFORMED LOBBY AND HALLWAY SPACES OF THE OPERA HOUSE.THE COMPANY'S BOHEME OUT OF THE BOX- A SHIPPING CONTAINER TURNED INTO A MOBILE STAGE - PRODUCTION OF PUCCINI'S LA BOHEME RETURNED FOR ITS THIRD STRAIGHT SEASON WITH PERFORMANCES IN OPEN-AIR VENUES IN SAUSALITO, SAN RAMON, LOS ALTOS HILLS, AND HAYWARD IN APRIL AND JUNE. THE CASTS FEATURING THE ADLER FELLOWS AND OTHER INVITED ARTISTS ATTRACTED AUDIENCES OF ROUGHLY 300 PER SHOW WITH THE SAN RAMON PERFORMANCE PLAYING TO NEARLY 700 AT ALEXANDER SQUARE IN THE CITY CENTER.THE FREE STORYTELLING WORKSHOP, THE OPERA IN YOU, RETURNED FOR A THIRD SEASON WITH IN-PERSON SESSIONS AT SAN FRANCISCO PUBLIC LIBRARY'S POTRERO BRANCH AND THE WILSEY CENTER FOR OPERA ALONG WITH TWO ONLINE COHORTS. ADDITIONAL PUBLIC ENGAGEMENT ACTIVITIES INCLUDED PRE-OPERA TALKS IN THE AUDITORIUM BEFORE EACH MAINSTAGE PERFORMANCE, POST-PERFORMANCE TALKBACKS WITH MUSIC DIRECTOR EUN SUN KIM AND A BOOK CLUB COLLABORATION WITH SAN FRANCISCO PUBLIC LIBRARY AROUND THE HANDMAID'S TALE.SAN FRANCISCO OPERA'S 2024-25 SEASON WITNESSED MYRIAD PERFORMANCES AT THE WAR MEMORIAL OPERA HOUSE, ATRIUM THEATER, HERBST THEATRE, GOLDEN GATE PARK, AND PUBLIC SPACES AROUND THE BAY AREA, THE SAN FRANCISCO PUBLIC LIBRARY. ONLINE VIEWERS FOR THE LIVESTREAMS EXTENDED THE COMPANY'S PRESENTATIONS TO MUSIC LOVERS AROUND THE WORLD. 3563559 1780335 OPERA CENTER (TRAINING AND PROFESSIONAL DEVELOPMENT) - THE OPERA SUPPORTS AN INTERNATIONALLY RECOGNIZED TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAM, THE ADLER FELLOWSHIP PROGRAM. THE ADLER FELLOWSHIP PROGRAM IS A PERFORMANCE-ORIENTED RESIDENCY OF TWO YEARS OFFERING ADVANCED YOUNG ARTISTS INTENSIVE INDIVIDUAL TRAINING, COACHING, PROFESSIONAL SEMINARS, AND A WIDE RANGE OF PERFORMANCE OPPORTUNITIES. ADLER FELLOWS GAIN VALUABLE PROFESSIONAL EXPERIENCE BY PERFORMING ROLES OF INCREASING IMPORTANCE IN THE OPERA'S MAIN-STAGE SEASON. IN ADDITION TO PERFORMANCES ON THE MAIN STAGE, SELECTED ADLER FELLOWS ARE FEATURED IN THE SCHWABACHER RECITAL SERIES. THE ADLER SEASON CULMINATES IN AN ADLER FELLOWS CONCERT. ALUMNI FROM THE ADLER PROGRAM INCLUDE: SOPRANOS LEAH CROCETTO, NANCY GUSTAFSON, PATRICIA RACETTE, NADINE SIERRA, RUTH ANN SWENSON, ELZA VAN DEN HEEVER, AND DEBORAH VOIGT; MEZZO-SOPRANOS ZHENG CAO AND DOLORA ZAJICK; TENORS BRIAN JAGDE, SEAN PANIKKAR, AND NOAH STEWART; COUNTERTENOR BRIAN ASAWA; BARITONES MARK DELAVAN AND LUCAS MEACHEM; AND BASS-BARITONES MONTE PEDERSON AND JOHN RELYEA. THE SAN FRANCISCO OPERA ALSO SUPPORTS THE MEROLA OPERA PROGRAM FOR ASPIRING PROFESSIONALS, OFFERING UP-AND-COMING SINGERS, COACH-ACCOMPANISTS AND STAGE DIRECTORS THE OPPORTUNITY OF INTENSE STUDY AND PERFORMANCE DURING AN ELEVEN-WEEK SUMMER PROGRAM.THE OPERA'S COMMITMENT TO PROVIDING MUSIC EDUCATION AND ENRICHMENT OPPORTUNITIES TO STUDENTS, TEACHERS, YOUNG AUDIENCES, AND ADULTS CONTINUED IN A MYRIAD OF SCHOOL AND FAMILY PROGRAMS AND ONLINE RESOURCES. THE SAN FRANCISCO OPERA AND OPERA GUILD BRING OPERA AND MUSIC EDUCATION TO STUDENTS AND INDIVIDUALS THROUGHOUT NORTHERN CALIFORNIA. 1072597 18476 ELECTRONIC MEDIA - THE OBJECTIVE OF THIS INITIATIVE IS TO EXTEND THE COMPANY'S AUDIENCE THROUGH TELEVISION AND RADIO BROADCASTS, HOME VIDEO PRODUCTS, LOCAL SIMULCASTS, CINEMA PRESENTATIONS, WEB VIDEOS, AND IN-HOUSE HD COVERAGE. THE COMPANY'S PIONEERING LOBBYVISION PROVIDES AUDIENCES A VIEW OF THE STAGE FROM VARIOUS LOCATIONS FRONT OF HOUSE WITH SCREENS SHOWING REAL-TIME HD VIDEO AND SUBTITLES. 760123 760123 66593636 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 364 0 1 941 1 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 71 70 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA MA NV NY OR RI UT X MICHAEL SIMPSON 4155653295 301 VAN NESS AVENUE SAN FRANCISCO CA 941024509 MATTHEW SHILVOCK CEO/GENERAL DIRECTOR 60.00 X X 729130 0 45839 BARBARA A WOLFE OFFICER OF THE BOARD-CHAIR 5.00 X X 0 0 0 FRANKLIN PITCH JOHNSON JR OFFICER OF THE BOARD-CHAIR EMERITUS 5.00 X X 0 0 0 JOHN A GUNN OFFICER OF THE BOARD-CHAIR EMERITUS 5.00 X X 0 0 0 KEITH B GEESLIN OFFICER OF THE BOARD-VICE CHAIR 5.00 X X 0 0 0 JACK CALHOUN OFFICER OF THE ASSN-PRESIDENT 5.00 X X 0 0 0 GEORGE H HUME OFFICER OF THE ASSN-TREASURER 5.00 X X 0 0 0 KAREN J KUBIN OFFICER OF THE ASSN-SECRETARY 5.00 X X 0 0 0 SUSAN ANDERSON-NORBY DIRECTOR 1.00 X 0 0 0 CLAIRE WRENN BOBROW DIRECTOR 1.00 X 0 0 0 ROMANA BRACCO DIRECTOR 1.00 X 0 0 0 JENNIFER BRAHM DIRECTOR 1.00 X 0 0 0 ANNE CASSCELLS DIRECTOR 1.00 X 0 0 0 NANIETTE COLEMAN DIRECTOR 1.00 X 0 0 0 DR WILLIAM M COUGHRAN JR DIRECTOR 1.00 X 0 0 0 VALERIE CRANE DORFMAN DIRECTOR 1.00 X 0 0 0 JAMES CROSS DIRECTOR/MEROLA OPERA PROG PRESIDENT 1.00 X 0 0 0 ARIF DAMJI DIRECTOR 1.00 X 0 0 0 JAYNE C DAVIS DIRECTOR 1.00 X 0 0 0 JEROME DODSON DIRECTOR 1.00 X 0 0 0 CAROL PUCCI DOLL DIRECTOR 1.00 X 0 0 0 DIXON DOLL DIRECTOR 1.00 X 0 0 0 ROBERT A ELLIS DIRECTOR 1.00 X 0 0 0 LISA ERDBERG DIRECTOR 1.00 X 0 0 0 PETER FENTON DIRECTOR 1.00 X 0 0 0 SARAH FENTON DIRECTOR 1.00 X 0 0 0 ANNA FIELER DIRECTOR 1.00 X 0 0 0 MARGARITA GANDIA DIRECTOR 1.00 X 0 0 0 SUSAN GRAHAM JOHNSTON DIRECTOR 1.00 X 0 0 0 LOUISE GUND DIRECTOR 1.00 X 0 0 0 OMAR GUO DIRECTOR/BRAVO! PRESIDENT 1.00 X 0 0 0 GRETCHEN WOLFE HANSEN DIRECTOR 1.00 X 0 0 0 JANE M HARTLEY DIRECTOR 1.00 X 0 0 0 JOHN HENDRICKSON DIRECTOR 1.00 X 0 0 0 DOREEN WOO HO DIRECTOR 1.00 X 0 0 0 CHARLES EDWARD HUDSON III DIRECTOR 1.00 X 0 0 0 SYLVIA HUGHES DIRECTOR 1.00 X 0 0 0 TIMOTHY F KAHN DIRECTOR 1.00 X 0 0 0 CHOONGJA MARIA KAHNG DIRECTOR 1.00 X 0 0 0 LAWRENCE A KERN DIRECTOR 1.00 X 0 0 0 MARK R KROLL DIRECTOR 1.00 X 0 0 0 COURTNEY LABE DIRECTOR/GUILD BOARD PRESIDENT 1.00 X 0 0 0 SYLVIA R LINDSEY DIRECTOR 1.00 X 0 0 0 MRS CYNTHIA SNORF LIVERMORE DIRECTOR 1.00 X 0 0 0 HON RICHARD C LIVERMORE DIRECTOR 1.00 X 0 0 0 SUSAN MARINEAU DIRECTOR 1.00 X 0 0 0 J PATTERSON MCBAINE DIRECTOR 1.00 X 0 0 0 PATRICK MCCABE DIRECTOR 1.00 X 0 0 0 HELEN MEYER DIRECTOR 1.00 X 0 0 0 KARL O MILLS DIRECTOR 1.00 X 0 0 0 JUSTIN MOORE DIRECTOR 1.00 X 0 0 0 MARYAM MUDUROGLU DIRECTOR 1.00 X 0 0 0 NANCY MUELLER DIRECTOR 1.00 X 0 0 0 JANET NAPOLITANO DIRECTOR 1.00 X 0 0 0 BEN NELSON DIRECTOR 1.00 X 0 0 0 J BOYCE NUTE DIRECTOR 1.00 X 0 0 0 BERNARD OSHER DIRECTOR 1.00 X 0 0 0 JASON PHILLIPS DIRECTOR 1.00 X 0 0 0 ANNE BRANDEIS POPKIN DIRECTOR 1.00 X 0 0 0 ISABEL RHEE DIRECTOR 1.00 X 0 0 0 RICHARD J RIGG PHD DIRECTOR 1.00 X 0 0 0 CP RUSSELL DIRECTOR 1.00 X 0 0 0 BILL RUSSELL-SHAPIRO DIRECTOR 1.00 X 0 0 0 JACK SCHAFER DIRECTOR 1.00 X 0 0 0 RUTH A SHORT DIRECTOR 1.00 X 0 0 0 MRS DIANNE MARIE TAUBE DIRECTOR 1.00 X 0 0 0 SOO VENKATESAN DIRECTOR 1.00 X 0 0 0 MS BARBARA MOLLER WARD DIRECTOR 1.00 X 0 0 0 MRS DIANE B WILSEY DIRECTOR 1.00 X 0 0 0 MELINDA YEE FRANKLIN DIRECTOR 1.00 X 0 0 0 S SHARIQ YOSUFZAI DIRECTOR 1.00 X 0 0 0 MICHAEL SIMPSON MANAGING DIRECTOR: ADMIN/CFO 60.00 X 391002 0 42930 GEORGI KELLY CHIEF PHILANTHROPY OFFICER 60.00 X 350351 0 7208 JENNIFER GOOD MANAGING DIRECTOR: PRODUCTION 60.00 X 303260 0 37558 GREGORY HENKEL MANAGING DIRECTOR: ARTISTIC 60.00 X 302604 0 27957 TABITHA ROWELL DIRECTOR OF DEVELOPMENT 60.00 X 258852 0 18011 TROY SMITH CHIEF MARKETING OFFICER 60.00 X 214160 0 72224 THERESA VON KLUG CHIEF OPERATING OFFICER 60.00 X 238855 0 33229 EUN SUN KIM CAROLINE H. HUME MUSIC DIRECTOR 60.00 X 561728 0 28609 DOUGLAS MITCHELL HEAD OF AUDIO/VIDEO 60.00 X 287994 0 75238 DAWN DUNLOP CHIEF PEOPLE OFFICER 60.00 X 284088 0 8695 DAVID HATCH HEAD OF CARPENTRY 60.00 X 264132 0 68939 LORI HARRISON HEAD OF PROPERTIES 60.00 X 262330 0 68463 LEE HELMS FORMER DIR. OF INNOVATION PROGRAMS 60.00 X 192199 0 19260 4640685 0 554160 142 1 1 0 ABILITY ADVERTISING LLC 985 MORAGA ROAD SUITE 200 LAFAYETTE CA 94549 MARKETING 1189004 TAIT TOWERS MANUFACTURING LLC 401 W LINCOLN AVENUE LITILZ PA 17543 PROFESSIONAL SERVICES 764032 CURTIN THEATRICAL MOVING INC 359 BEL MARIN KEYS BLVD STE 5 NOVATO CA 94949 MOVING COMPANY 503290 PAUL H LIPPE INC 233 12TH STREET SANTA MONICA CA 90402 LOGISTICS SERVICES 501460 THEATER DIRECT INC 6855 ATOLL AVENUE LOS ANGELES CA 91605 PROFESSIONAL SERVICES 433609 27 2285741 49500 425467 46216357 5540283 48977065 TICKET SALES 900099 13838237 13838237 SF OPERA CENTER 900099 1780335 1780335 MEDIA 900099 18476 18476 524165 524165 16161213 9446102 9446102 38158 282173 0 46215 38158 235958 274116 235958 38158 55424235 46308612 9115623 9115623 9115623 186525 2285741 1083973 -897448 -897448 126950 64478 62472 62472 PARKING FEES 812930 157441 157441 UBTI FROM PARTNERSHIPS 900099 -493221 -493221 -335780 82803363 16397171 -493221 17922348 2974044 917604 1567378 489062 45790306 39920572 3216451 2653283 3606448 3273287 228259 104902 10001485 9082228 698363 220894 3453115 2950570 340092 162453 724369 113543 596422 14404 280000 280000 204367 204367 970394 970394 2481595 823297 1346308 311990 913424 13139 900285 1813302 712845 881086 219371 1410641 153680 1254567 2394 131126 131126 3641680 1965441 1394396 281843 1427895 1321790 22898 83207 36018 30813 5205 67868 67868 2907933 1348546 1559387 598001 52676 545325 PRODUCTION MATERIALS 2332387 2256392 75995 MARKETING/PROMOTION 1543406 82953 1091360 369093 STORAGE & MOVING 660502 660502 BAD DEBT EXPENSE 278947 278947 826704 782632 44072 89075957 66593636 17086111 5396210 871771 1034621 13854472 24936663 19189702 16434195 878649 1106054 52416 52258 4000 4000 59745767 42497513 18192211 17248254 257097716 243881931 32685061 36711013 19467195 24426586 362293193 365835575 5763580 6678737 8362172 8596922 18926199 20745028 33051951 36020687 X 61956432 52489586 267284810 277325302 329241242 329814888 362293193 365835575 X -6272594 6931937 -85697 X X 0 1 X 1 0 X 58855768 64281159 54207581 56422826 48977065 282744399 58855768 64281159 54207581 56422826 48977065 282744399 43979430 238764969 5843970 7955661 8391534 8708703 9484260 40384128 67838 195252 317903 291388 284391 1156772 324285299 67272783 0.73630 0.73070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PARKING FEES - 2020 AMOUNT: $ 56,013. 2021 AMOUNT: $ 107,880. 2022 AMOUNT: $ 147,113. 2023 AMOUNT: $ 137,494. 2024 AMOUNT: $ 157,441. INVENTORY PROCEEDS - 2020 AMOUNT: $ 11,825. 2021 AMOUNT: $ 87,372. 2022 AMOUNT: $ 170,790. 2023 AMOUNT: $ 153,894. 2024 AMOUNT: $ 126,950. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 309397630 1964661 23501617 29964230 304899678 288269516 3464410 34582802 16919098 309397630 281244062 897056 24950536 18822138 288269516 312055778 14757534 -31259409 14309841 281244062 244771266 22229840 56336530 11281858 312055778 0.19275 0.72129 0.08596 1 0 25460132 13368624 12091508 34250603 29093857 5156746 35032 35032 0 17248254 LIMITED PARTNERSHIP - REAL ESTATE 6108 F LIMITED PARTNERSHIP - INFLATION HEDGE 207867 F LIMITED PARTNERSHIP - PRIVATE EQUITY 36089982 F LIMITED PARTNERSHIP - REAL ESTATE (250 POST STREET) 407056 C 36711013 OPERATING RIGHT OF USE ASSETS 10760218 DEFERRED PRODUCTION COST 9183259 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 3678900 ASSETS OF POOLED INCOME FUNDS 638880 CONSTRUCTION IN PROGRESS 122396 RENTAL DEPOSITS 42933 24426586 OPERATING LEASE LIABILITIES - LONG TERM 9836524 DEFERRED COMPENSATION AND OTHER - LONG TERM 8009104 OPERATING LEASE LIABILITIES - SHORT TERM 984211 DEFERRED COMPENSATION AND OTHER - SHORT TERM 482197 DEFERRED REVENUE - POOLED INCOME FUNDS 258332 LINE OF CREDIT 1174660 20745028 X 89407532 6931937 122511 -705380 6349068 83058464 970394 -1225495 -255101 82803363 88833886 122511 1311192 1433703 87400183 970394 705380 1675774 89075957 PART V, LINE 4: THE ENDOWMENT IS COMPRISED OF SEVERAL FUNDS SET ASIDE FOR DONOR DIRECTED PURPOSES INCLUDING OPERATIONS, OPERA HOUSE MAINTENANCE, WATTIS TICKETS FUND, NEW PRODUCTIONS, STUDENT SUBSCRIPTIONS, PRINCIPAL ARTISTS, EDUCATION, AND OTHER PROGRAMS. PART X, LINE 2: THE ASSOCIATION IS A NONPROFIT ARTS ORGANIZATION PURSUANT TO INTERNAL REVENUE CODE SECTION 501(C) (3) AND THE CALIFORNIA EQUIVALENT LEGISLATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX EXEMPT PURPOSES. ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES PRESCRIBES THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON THE RECOGNITION OF INCOME TAX ASSETS AND LIABILITIES, CLASSIFICATION OF CURRENT AND DEFERRED INCOME TAX ASSETS AND LIABILITIES, ACCOUNTING FOR INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS, ACCOUNTING FOR INCOME TAXES IN INTERIM PERIODS, AND INCOME TAX DISCLOSURES. THIS STANDARD ALSO REQUIRES ADDITIONAL DISCLOSURE OF THE BEGINNING AND ENDING UNRECOGNIZED TAX BENEFITS AND DETAILS REGARDING THE UNCERTAINTIES THAT MAY CAUSE THE UNRECOGNIZED BENEFITS TO INCREASE OR DECREASE WITHIN A TWELVE MONTH PERIOD. THE ASSOCIATION'S POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS A TWO-STEP PROCESS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATIONS PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT OR LIABILITY AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED OR INCURRED UPON SETTLEMENT. BASED ON AN ANALYSIS PREPARED BY THE ASSOCIATION, IT WAS DETERMINED THAT THERE IS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, THE ASSOCIATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR YEAR RETIREMENT EXPENSES CREDIT GROUPED IN NON-OPERATING INCOME -705,380. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -46,215. INVENTORY SALES, RETURNS, ALLOWANCES & COSTS -95,307. FUNDRAISING EVENT EXPENSES -1,083,973. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVENTORY SALES, RETURNS, ALLOWANCES & COSTS 95,307. DONATED PROPERTY - EXPENSED OVER USEFUL LIFE 85,697. RENTAL EXPENSES 46,215. FUNDRAISING EVENT EXPENSES 1,083,973. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR RETIREMENT EXPENSES CREDIT GROUPED IN NON-OPERATING INCOME 705,380. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 2088725 0 0 0 0 0 0 2088725 0 2088725 1 0 1 1 1 0 X X X X X X X 1 THEATER DIRECT INC 6855 ATOLL AVENUE NORTH HOLLYWOOD CA 91605 ANNUAL GIVING 0 310557 150770 159787 CAPACITY INTERACTIVE CONSULTING LLC PO BOX 50019 NEWARK NJ 07101 ANNUAL GIVING 0 0 9100 -9100 310557 159870 150687 AZ CA MA NV NY OR RI UT WA OPENING NIGHT 2472266 2285741 186525 335961 291923 364529 91560 2472266 2285741 186525 335961 291923 364529 91560 1083973 -897448 X X X X X 1 0 0 0 0 0 0 1 0 MATTHEW SHILVOCK CEO/GENERAL DIRECTOR 729130 0 0 0 0 0 20700 0 25139 0 774969 0 0 0 EUN SUN KIM CAROLINE H. HUME MUSIC DIRECTOR 561490 0 0 0 238 0 10646 0 17963 0 590337 0 0 0 MICHAEL SIMPSON MANAGING DIRECTOR: ADMIN/CFO 366002 0 25000 0 0 0 24150 0 18780 0 433932 0 0 0 DOUGLAS MITCHELL HEAD OF AUDIO/VIDEO 287994 0 0 0 0 0 29639 0 45599 0 363232 0 0 0 GEORGI KELLY CHIEF PHILANTHROPY OFFICER 349460 0 0 0 891 0 6314 0 894 0 357559 0 0 0 JENNIFER GOOD MANAGING DIRECTOR: PRODUCTION 303260 0 0 0 0 0 18778 0 18780 0 340818 0 0 0 DAVID HATCH HEAD OF CARPENTRY 264132 0 0 0 0 0 27158 0 41781 0 333071 0 0 0 LORI HARRISON HEAD OF PROPERTIES 262330 0 0 0 0 0 26970 0 41493 0 330793 0 0 0 GREGORY HENKEL MANAGING DIRECTOR: ARTISTIC 302604 0 0 0 0 0 18485 0 9472 0 330561 0 0 0 DAWN DUNLOP CHIEF PEOPLE OFFICER 284088 0 0 0 0 0 0 0 8695 0 292783 0 0 0 TROY SMITH CHIEF MARKETING OFFICER 214160 0 0 0 0 0 16810 0 55414 0 286384 0 0 0 TABITHA ROWELL DIRECTOR OF DEVELOPMENT 162647 0 0 0 96205 0 10072 0 7939 0 276863 0 0 0 THERESA VON KLUG CHIEF OPERATING OFFICER 238708 0 0 0 147 0 15196 0 18033 0 272084 0 0 0 LEE HELMS FORMER DIR. OF INNOVATION PROGRAMS 191011 0 0 0 1188 0 9788 0 9472 0 211459 0 0 0 PART I, LINE 1A CELL PHONES PROVIDED TO EMPLOYEES PRIMARILY FOR BUSINESS PURPOSES ARE A WORKING CONDITION FRINGE AND NOT REPORTABLE AS COMPENSATION. PART I, LINE 4A TABITHA ROWELL RECEIVED A SEVERANCE PAYMENT OF $70,727 REPORTED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 7 MICHAEL SIMPSON RECEIVED A BONUS IN 2024 APPROVED BY MANAGEMENT. X 1 1088 COMPARABLE SALES X 82 5475796 PUBLICLY TRADED EXCHANGE X FOOD & BEVERAGES 6 52987 COMPARABLE SALES X FLOWERS 1 3000 COMPARABLE SALES X COSTUME SUPPLIES 1 500 COMPARABLE SALES 0 0 1 1 PART I, COLUMN (B): ALL CONTRIBUTIONS REPORTED REPRESENT THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS RECEIVED. STOCK CONTRIBUTIONS REPRESENTED THE NUMBER OF CONTRIBUTIONS AND NOT INDIVIDUAL SHARES OF STOCK. DURING THE COURSE OF SOLICITATION, (SEE SCHEDULE G), SECURITIES MAY BE DONATED IN LIEU OF CASH CONTRIBUTIONS. PART I, LINE 32B: THE ORGANIZATION CONTRACTS WITH A COMMERCIAL FUNDRAISER FOR A VEHICLE DONATION PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 BILL RUSSELL-SHAPIRO, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH C.P. RUSSELL, DIRECTOR. BILL RUSSELL-SHAPIRO, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH FRANKLIN "PITCH" JOHNSON, JR., OFFICER AND CHAIR EMERITUS. KARL O. MILLS, DIRECTOR, HAS A BUSINESS RELATIONSHIP WITH A DIRECTOR, VIA AN INVESTMENT ADVISORY FIRM. DR. WILLIAM M. COUGHRAN, JR., OFFICER, HAS A BUSINESS RELATIONSHIP WITH KEITH B. GEESLIN, OFFICER AND VICE CHAIR. SARAH FENTON, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH PETER FENTON, DIRECTOR. HON. RICHARD C. LIVERMORE, DIRECTOR, HAS A FAMILY RELATIONSHIP WITH MRS. CYNTHIA SNORF LIVERMORE, DIRECTOR. BARBARA A. WOLFE, OFFICER AND CHAIR, HAS A FAMILY RELATIONSHIP WITH GRETCHEN WOLFE HANSEN, DIRECTOR. KEITH B. GEESLIN, OFFICER AND VICE CHAIR, HAS A BUSINESS RELATIONSHIP WITH FRANCISCO PARTNERS, A PRIVATE EQUITY INVESTMENT FIRM, OF WHICH THE OPERA'S ENDOWMENT IS AN INVESTOR. MR. GEESLIN RECUSED HIMSELF FROM VOTING ON THE DECISION TO INVEST IN THE FUND AND FROM VOTING ON FUTURE DECISIONS THAT AFFECT THE FUND. FORM 990, PART VI, SECTION B, LINE 11B AS PART OF THE OPERA'S INTERNAL REVIEW PROCESS, THE FILING VERSION OF THE FORM 990 IS PRESENTED TO THE OPERA'S AUDIT COMMITTEE FOR DISCUSSION AND COMMENT. PRIOR TO FILING, THE PUBLIC DISCLOSURE VERSION OF FORM 990 IS SENT TO ALL BOARD OF DIRECTORS FOR THEIR REVIEW. ANY COMMENTS ARE REVIEWED BY MANAGEMENT. BUT FOR THE REDACTED CONTRIBUTOR NAMES AND ADDRESSES, THE ANSWER TO QUESTION 11A WOULD BE, "YES." FORM 990, PART VI, SECTION B, LINE 12C THE OPERA HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES MUST COMPLY WITH THE POLICY AND ARE SENT THE CONFLICT OF INTEREST POLICY ANNUALLY. DISCLOSED CONFLICTS ARE REVIEWED BY MANAGEMENT AND ADDRESSED AS APPROPRIATE. INDIVIDUALS WITH A CONFLICT ARE REQUIRED TO RECUSE THEMSELVES FROM RELATED DISCUSSIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THERE IS AN ANNUAL REVIEW OF COMPENSATION FOR OFFICERS BY THE COMPENSATION COMMITTEE. THE COMMITTEE IS COMPOSED ENTIRELY OF BOARD MEMBERS WHO ARE INDEPENDENT INDIVIDUALS AND COMPARABLE DATA IS USED TO EVALUATE THE APPROPRIATENESS OF THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, CODE OF CONDUCT, AND THREE YEARS OF AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE SAN FRANCISCO OPERA WEBSITE (WWW.SFOPERA.COM). A COPY OF THE 990 IS AVAILABLE BY REQUEST OR ON THE CANDID WEBSITE (WWW.CANDID.ORG). FORM 990, PART XI, LINE 9: DONATED PROPERTY EXPENSED OVER USEFUL LIFE -85,697. FORM 990, PART XII, LINE 2C: AUDIT COMMITTEE ROLE THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION AND RECOMMENDATION TO THE BOARD TO THE INDEPENDENT ACCOUNTING FIRM. THE COMMITTEE HELD THREE MEETINGS WITH BOARD MEMBERS, OFFICERS OF THE OPERA, AND INDEPENDENT AUDITORS. CHARITABLE REMAINDER TRUSTS (7) 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 TRUST CA T 0 POOLED INCOME FUNDS (3) 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 TRUST CA T 0 CHARITABLE GIFT ANNUITIES (13) 301 VAN NESS AVENUE SAN FRANCISCO CA 94102 TRUST CA T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0