2024-04-09T11:10:27-05:00 2023-05-31 236410283 ISDANER & COMPANY LLC THREE BALA PLAZA SUITE 501 WEST BALA CYNWYD PA 190043484 990 2022-06-01 231504706 OPERA PHILADELPHIA OPER 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 DAVID B DEVAN GENERAL DIRECTOR 2158933600 2024-03-28 1 DAVID DEVAN 999009999 0 EDWARD W DORAN CPA P00841330 6106684200 2024-03-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID B DEVAN 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 9742048 0 X WWW.OPERAPHILA.ORG X 1975 PA OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY. 23 23 376 30 0 0 10457233 8067210 755624 1490454 -17815 37201 -147071 -60206 11047971 9534659 0 0 0 0 4942276 5917607 0 0 1527513 4662038 5995090 9604314 11912697 1443657 -2378038 10821353 9340807 2672782 3600478 8148571 5740329 X 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. 1 0 7212264 1460241 AFTER THREE SEASONS OF REDUCED PROGRAMMING DUE TO THE COVID-19 PANDEMIC, OPERA PHILADELPHIA HAD ITS FIRST FULL SEASON OF LIVE PERFORMANCES. PROGRAMMING INCLUDED FESTIVAL O22, THE RELAUNCH OF ITS MULTI-VENUE URBAN OPERA FESTIVAL THAT WAS POSTPONED IN 2020 AND 2021.FESTIVAL 2O22 ROSSINI'S OTELLO (ACADEMY OF MUSIC), FEATURING LAWRENCE BROWNLEE (RODRIGO), KHANYISO GWENXANE (OTELLO), DANIELA MACK (DESDEMONA), ALEK SHRADER (IAGO), SUN-LY PIERCE (EMILIA), CHRISTIAN PURCELL (ELMIRO), AND AARON CROUCH (GONDOLIERE), DIRECTED BY EMILIO SAGI AND CONDUCTED BY CORRADO ROVARIS. TOSHIO HOSOKAWA'S THE RAVEN (MILLER THEATER), STARRING MEZZO-SOPRANO KRISTEN CHOI, DIRECTED BY ARIA UMEZAWA AND CONDUCTED BY EIKI ISOMURA. THE OPERA WAS PAIRED WITH A PRELUDE OF IMMERSIVE AUDIENCE EXPERIENCES LINKED TO THE RAVEN, CREATED IN COLLABORATION WITH THE OBVIOUS AGENCY DEVISED THEATRE GROUP. DAVID T. LITTLE'S BLACK LODGE (PHILADELPHIA FILM CENTER), A WORLD PREMIERE FILM SCREENING THAT FEATURED LIVE MUSIC FROM PRINCIPAL ARTISTS TIMUR & THE DIME MUSEUM ALONGSIDE MUSICIANS FROM THE OPERA PHILADELPHIA ORCHESTRA, DIRECTED BY MICHAEL JOSEPH MCQUILKEN. OPERA ON FILM (PHILADELPHIA FILM CENTER), A SERIES OF 12 SCREENINGS OF MORE THAN 30 CINEMATIC OPERAS FILM SHORTS AND FEATURES. AFTERNOONS AT AVA (ACADEMY OF VOCAL ARTS), AN INTIMATE RECITAL SERIES FEATURING AVA ALUMNI AND CURRENT STUDENTS. THE OPERA IN THE PARK SERIES OF FREE, OPEN TO THE PUBLIC OUTDOOR OPERA SCREENINGS IN DIVERSE NEIGHBORHOODS ACROSS PHILADELPHIA. THE SEASON CONTINUED WITH THE WINTER/SPRING SEASON OF PRODUCTIONS IN THE ACADEMY OF MUSIC: IN FEBRUARY 2023, A CONCERT PRESENTATION OF ORFF'S CARMINA BURANA, ONE OF THE MOST POPULAR PIECES IN THE CHORAL CANON, PAIRED WITH A MARGARET BONDS' CREDO, A RARELY PERFORMED MASTERPIECE SETTING OF A W.E.B. DUBOIS POEM BY ONE OF THE MOST PROMINENT BLACK WOMEN COMPOSERS OF THE 20TH CENTURY, FEATURING SOPRANO BRANDIE SUTON, TENOR ALISDAIR KENT, AND BARITONE ETHAN VINCENT ALONG WITH THE OPERA PHILADELPHIA CHORUS AND ORCHESTRA, CONDUCTED BY LINA GONZLEZ-GRANADOS. IN APRIL/MAY 2023, PUCCINI'S LA BOHME, IN A NEW INTERPRETATION THAT PRESENTS THE OPERA IN REVERSE ORDER, ACT BY ACT. DIRECTED BY YUVAL SHARON AND CONDUCTED BY CORRADO ROVARIS, WITH TENOR JOSHUA BLUE (RODOLFO), SOPRANO KARA GOODRICH (MIMI), BARITONE TROY COOK (MARCELLO), SOPRANO MELISSA JOSEPH (MUSETA), BARITONE BENJAMIN TAYLOR (SCHAUNARD), BASS ADAM LAU (COLLINE), AND BASS FRANK MITCHELL (ALCINDORO), WITH ANTHONY MARTINEZ-BRIGGS IN THE NON- SPEAKING ROLE OF THE WANDERER. 250407 30213 ORIGINAL DIGITAL OPERA PROGRAMMING ON THE OPERA PHILADELPHIA CHANNEL INCLUDED:- BLACK LODGE STREAMING PREMIERE- PAPER TIGER, A NEW SHORT-WORK IN THE DIGITAL COMMISSIONS SERIES BY BLACK TRANSDISCIPLINARY ARTIST YAZ LANCASTER, REFLECTING ON NEARLY A DECADE OF LANCASTER'S IDENTITY AS A QUEER PERSON OF COLOR 537543 IN MARCH 2023, OPERA PHILADELPHIA'S CELEBRATED 10 YEARS OF THE COMPOSER IN RESIDENCE PROGRAM WITH A COMPOSERS CELEBRATION CONCERT, WITH PERFORMANCES OF THE WORKS OF ALL EIGHT CIRS: LEMBIT BEECHER, COURTNEY BRYAN (CURRENT), DAVID HERTZBERG, DAVID T. LITTLE, MISSY MAZZOLI, ANDREW NORMAN, RENE ORTH, AND TYSHAWN SOREY (CURRENT).OPERA PHILADELPHIA CONTINUED TO OFFER ITS SIGNATURE YOUTH INITIATIVES PROGRAMMING TO PROVIDE ARTS EDUCATION AND ACCESS TO THE ARTS FOR THE REGION'S STUDENTS. THE COMPANY WAS ABLE TO RETURN TO IN-PERSON PROGRAMMING FOR ALL PROGRAMMING STREAMS. 8000214 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 163 0 1 376 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 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 STEPHEN K KLASKO CHAIR 3.00 X X 0 0 0 SANDRA K BALDINO VICE 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 PETER LEONE DIRECTOR/IMMEDIATE PAST CH 1.00 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 MAUREEN CRAIG 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 DIRECTOR 3.00 X 0 0 0 ALEXANDER HANKIN DIRECTOR 3.00 X 0 0 0 VALERIE HARRISON DIRECTOR 3.00 X 0 0 0 JOHN KARAMATSOUKAS DIRECTOR 3.00 X 0 0 0 BEVERLY LANGE 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 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 KATHLEEN WEIR DIRECTOR 3.00 X 0 0 0 YUEYI ZHOU DIRECTOR 3.00 X 0 0 0 DENNIS ALTER HONORARY MEMBER 1.00 X 0 0 0 HF LENFEST HONORARY MEMBER 1.00 X 0 0 0 STEPHEN A MADVA ESQ HONORARY MEMBER 1.00 X 0 0 0 ALAN B MILLER HONORARY MEMBER 1.00 X 0 0 0 ALICE W STRINE HONORARY MEMBER 1.00 X 0 0 0 CHARLOTTE WATTS HONORARY MEMBER 1.00 X 0 0 0 DAVID DEVAN PRESIDENT 60.00 X 265798 0 37015 DAVID LEVY SVP OF ARTISTIC OPERA 60.00 X 153593 0 29774 FRANK LUZI VP OF MKTG AND COMMUNICATI 60.00 X 144636 0 25438 DERRELL ACON VP OF PEOPLE OPERATIONS & INCLUSIONS 60.00 X 127887 0 2014 VERONICA S CHAPMAN-SMITH VP OF COMMUNITY INITIATIVES 60.00 X 136148 0 6416 828062 0 100657 5 0 1 0 RADAR 2810 N CHURCH STREET WILMINGTON DE 19802 ACCOUNTING 358814 CORRADO ROVARIS 604 SOUTH WASHINGTON SQ 3108 PHILADELPHIA PA 19106 CONDUCTOR 165000 BALLARD SPAHR 1735 MARKET STREET 51ST FLOOR PHILADELPHIA PA 19103 LEGAL 164664 3 244679 88000 7734531 1174460 8067210 TICKET SALES 711110 1393516 1393516 TICKET PROCESSING FEES 711110 58250 58250 SET & COSTUME RENTALS 711110 27376 27376 EVENT FEES 711110 11312 11312 1490454 11829 11829 43664 18292 25372 25372 25372 65150 244679 189097 -123947 -123947 OTHER REVENUE - MARKET 711110 47700 47700 OTHER REVENUE - FINANC 711110 12466 12466 OTHER 711110 3575 3575 63741 9534659 1554195 0 -86746 316846 126738 31685 158423 4456966 3056643 516922 883401 94609 39210 37006 18393 636702 492160 14409 130133 412484 292402 43644 76438 167378 158928 8450 382705 382705 304974 206147 84364 14463 268790 268790 726943 469290 212849 44804 265182 5840 257952 1390 209254 208104 1150 1572284 1455527 113084 3673 433177 332788 67886 32503 117819 25421 13061 79337 104694 104694 125355 62436 62919 131563 131563 OPERA PRODUCTION COSTS 1063082 1007949 23906 31227 BAD DEBT EXPENSE 53842 4720 49122 VIDEO/MEDIA PRODUCTION 42223 32326 5691 4206 MISCELLANEOUS 25825 23585 2240 11912697 8000214 2384970 1527513 1885672 250 7385987 7876597 55852 39077 786155 649026 1787708 1660450 162471 127258 233759 222897 55020 0 256437 425702 10821353 9340807 682566 989013 694140 732526 50000 1246076 1683340 0 195599 2672782 3600478 X 1670813 44601 6477758 5695728 8148571 5740329 10821353 9340807 -2378038 -30206 2 0 X X 0 1 X 1 0 X 11823527 13069655 6903252 10442398 8049758 50288590 2638809 1379575 257356 815324 1555604 6646668 14462336 14449230 7160608 11257722 9605362 56935258 3646296 2318206 947563 1031868 3973767 11917700 0 3646296 2318206 947563 1031868 3973767 11917700 45017558 11981 12824 10743 11925 11829 59302 11981 12824 10743 11925 11829 59302 72523 90122 13268 29229 63741 268883 14546840 14552176 7184619 11298876 9680932 57263443 0.78610 0.79970 0.00100 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11912697 11912697 745635 186409 0 0 745635 745635 1118453 186409 186409 279614 233759 -1121 9741 222897 262706 -19335 9612 233759 212854 58289 8437 262706 193815 26418 7379 212854 193543 10189 9917 193815 0.33640 0.66360 0 0 837563 793104 44459 950145 867346 82799 127258 LEASE LIABILITY 195599 195599 X 9546872 -30206 42419 12213 9534659 0 9534659 11955116 42419 42419 11912697 0 11912697 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, 2023 OR 2022. COMPOSERS CELEBRATION 263079 217979 45100 145950 O22 CELEBRATION 46750 26700 20050 43147 309829 244679 65150 189097 189097 -123947 X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAVID DEVAN PRESIDENT 265798 0 0 0 0 0 13750 0 23265 0 302813 0 0 0 DAVID LEVY SVP OF ARTISTIC OPERA 153593 0 0 0 0 0 8332 0 21442 0 183367 0 0 0 FRANK LUZI VP OF MKTG AND COMMUNICATI 144636 0 0 0 0 0 7575 0 17863 0 170074 0 0 0 PART I, LINE 1A OPERA PHILADELPHIA PAID FOR GENERAL DIRECTOR'S MEMBERSHIP AT THE FITLER CLUB TO FACILITATE BUSINESS MEETINGS ON OPERA PHILADELPHIA'S BEHALF. THOMAS MAHONEY TREASURER GENERAL X 100000 0 0 1 1 X 14 1174460 FMV AT DATE OF GIFT 0 1 0 FORM 990, PART III, LINE 2 OPERA PHILADELPHIA SUCCESSFULLY IMPLEMENTED TWO NEW PROGRAMS THAT STEM FROM COLLABORATIONS AND LONG-TERM RELATIONSHIPS WITH COMMUNITY PARTNERS: O RESONANT PHILLY, AN INCLUSIVE PUBLIC PERFORMANCE THAT WELCOMES AUDIENCES WITH DIFFERENT SENSORY NEEDS THROUGH INNOVATIVE TECHNOLOGY AND A RELAXED ENVIRONMENT. O SOUNDS OF AMERICA: PRICE AND BONDS, A COLLABORATIVE CELEBRATION OF 20TH CENTURY BLACK WOMAN COMPOSERS FLORENCE PRICE AND MARGARET BONDS THROUGH PUBLIC PERFORMANCES, STUDENT-CENTERED PROGRAMMING, AND CURATED EDUCATIONAL RESOURCES THROUGHOUT PHILADELPHIA. 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 XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR