2026-08-17T16:18:18-05:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-10-01 850131810 THE SANTA FE OPERA SANT 5059865955 PO BOX 2408 SANTA FE NM 87504 HEATHER KEMP CHIEF FINANCIAL OFFICER 5059865955 2026-08-15 1 1 PAMELA ALEXANDERSON P01218925 5058787200 2026-08-15 2024 2025-03-06 01:10:19Z LYNN LOACKER PO BOX 2408 SANTA FE NM 87504 48228155 0 X HTTPS://WWW.SANTAFEOPERA.ORG/ X 1957 NM TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM. 40 40 710 465 454425 132312 16864537 22473860 10629740 11271132 6156050 7459176 1435176 886409 35085503 42090577 0 0 0 0 14577289 15346637 0 0 1916680 17174198 17073512 31751487 32420149 3334016 9670428 191229651 214033836 2821238 3404585 188408413 210629251 X TO FURTHER THE OPERATIC ART FORM BY PRESENTING ENSEMBLE PERFORMANCES OF THE HIGHEST QUALITY IN A VARIED REPERTOIRE OF NEW AS WELL AS RARELY PERFORMED AND STANDARD WORKS, TO ENSURE EXCELLENCE OF OPERA'S FUTURE THROUGH ITS APPRENTICE PROGRAMS FOR ARTISTS, TECHNICIANS AND ARTS ADMINISTRATORS, AND TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION FOR OPERA IN THE COMMUNITY BY OUTREACH TO A DIVERSE PUBLIC. 0 0 23736300 10898221 ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. THERE WERE APPROXIMATELY 69,168 ATTENDEES OF THE 2025 SEASON. THE 2025 SEASON INCLUDED A TOTAL OF 36 PERFORMANCES OF 5 FULLY STAGED OPERAS, INCLUDING: LA BOHEME COMPOSED BY GIACOMO PUCCINI, THE MARRIAGE OF FIGARO COMPOSED BY WOLFGANG AMADEUS MOZART, RIGOLETTO COMPOSED BY GIUSEPPE VERDI, THE TURN OF THE SCREW COMPOSED BY BENJAMIN BRITTEN, AND DIE WALKURE COMPOSED BY RICHARD WAGNER. IN ADDITION, THERE WERE 2 PERFORMANCES BY THE SANTA FE OPERA APPRENTICE SINGERS, DESIGNED AND PRODUCED BY THE SANTA FE OPERA TECHNICAL APPRENTICES. 1392576 577198 DURING THE OPERA'S 2025 FISCAL YEAR, COMMUNITY ENGAGEMENT PROGRAMS SERVED APPROXIMATELY 25,000 INDIVIDUALS IN-PERSON AND VIRTUALLY, INCLUDING OVER 20,000 ADULTS AND 3,000 YOUTHS IN PERSON. ADDITIONALLY 465 VOLUNTEERS ENGAGED WITH THE OPERA BOTH ON SITE AND IN SURROUNDING COMMUNITIES CONTRIBUTING 8,400 VOLUNTEER HOURS. THE OPERA HAS CONTINUED PROVIDING PROFESSIONAL LEARNING OPPORTUNITIES FOR TEACHERS IN 4 NM SCHOOL DISTRICTS AND RESIDENCIES FOR STUDENTS FOCUSING ON ARTS INTEGRATION AND STUDENT PRODUCED OPERAS IN 3 OF THOSE SCHOOL DISTRICTS. 25128876 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 314 0 1 710 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 40 40 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM NY X X THE ORGANIZATION 5059865955 301 OPERA DRIVE SANTA FE NM 87506 EUGENE E STARK JR CHAIR 5.00 X X 0 0 0 BRUCE CHEMEL SECRETARY 5.00 X X 0 0 0 JOHN M HAUPERT TREASURER 5.00 X X 0 0 0 ROBERT J VLADEM FIRST VICE PRESIDENT 5.00 X X 0 0 0 LYNN J LOACKER PRESIDENT 5.00 X X 0 0 0 MARGARET ANNE BOULWARE DIRECTOR 1.00 X 0 0 0 JOSEPH M BRYAN JR DIRECTOR (THRU 8/8/25) 1.00 X 0 0 0 J BRUCE BUGG JR DIRECTOR (THRU 8/6/25) 1.00 X 0 0 0 SUSAN ESCO CHANDLER DIRECTOR 1.00 X 0 0 0 RICHARD H DAVIS DIRECTOR 1.00 X 0 0 0 DAVID B DILLARD DIRECTOR (THRU 9/11/25) 1.00 X 0 0 0 EIVIND K DJUPEDAL DIRECTOR 1.00 X 0 0 0 REBECCA J DUNCAN DIRECTOR (THRU 8/17/25) 1.00 X 0 0 0 DAVID F ERTEL DIRECTOR 1.00 X 0 0 0 A CHARLES FORTE DIRECTOR 1.00 X 0 0 0 PETER B FRANK DIRECTOR 1.00 X 0 0 0 EDWARD T GARCIA DIRECTOR 1.00 X 0 0 0 CHESTER A GOUGIS DIRECTOR 1.00 X 0 0 0 GUY L GRONQUIST DIRECTOR 1.00 X 0 0 0 DONNA HANKINSON DIRECTOR (THRU 9/10/25) 1.00 X 0 0 0 FREDERICK R HAAS DIRECTOR 1.00 X 0 0 0 KAREN LYNN HENDERSON DIRECTOR 1.00 X 0 0 0 MARITA HINDS DIRECTOR 1.00 X 0 0 0 MARIANNE KAH DIRECTOR 1.00 X 0 0 0 WALTER L KIRCHNER DIRECTOR 1.00 X 0 0 0 MIRANDA Y LIND DIRECTOR 1.00 X 0 0 0 SUSAN G MARINEAU DIRECTOR 1.00 X 0 0 0 LIDDIE MARTINEZ DIRECTOR 1.00 X 0 0 0 CYNTHIA A MCCREARY DIRECTOR (THRU 10/23/24) 1.00 X 0 0 0 AMY SARAH MCCOMBS DIRECTOR 1.00 X 0 0 0 LILLIAN MONTOYA DIRECTOR 1.00 X 0 0 0 SUSAN F MORRIS DIRECTOR 1.00 X 0 0 0 PHIL MUTH DIRECTOR 1.00 X 0 0 0 GLENN A OSTERGAARD DIRECTOR 1.00 X 0 0 0 DOMINIC PASCHEL DIRECTOR 1.00 X 0 0 0 CHERRYL PETERMAN DIRECTOR 1.00 X 0 0 0 SONYA PRIESTLY DIRECTOR 1.00 X 0 0 0 ESTEVAN RAEL-GALVEZ PHD DIRECTOR 1.00 X 0 0 0 ROBERTA COOPER RAMO DIRECTOR 1.00 X 0 0 0 CAREY R RAMOS DIRECTOR 1.00 X 0 0 0 MICHAEL DAVID ROBBINS DIRECTOR 1.00 X 0 0 0 BRUCE SHIELDS ROSS DIRECTOR 1.00 X 0 0 0 HARRIS SMITH DIRECTOR 1.00 X 0 0 0 SARAH BILLINGHURST SOLOMON DIRECTOR (THRU 8/8/25) 1.00 X 0 0 0 IRWIN J SUGARMAN DIRECTOR 1.00 X 0 0 0 ROBERT L TURNER DIRECTOR 1.00 X 0 0 0 CHERYL L WILLMAN DIRECTOR 1.00 X 0 0 0 ROBERT MEYA GENERAL DIRECTOR 40.00 X 550058 0 99820 HEATHER KEMP CHIEF FINANCIAL OFFICER 40.00 X 223610 0 19804 EVA TOIA DIR. OF DEVELOPMENT (THRU 2/14/25) 40.00 X 169573 0 24151 KRIS LONGLEY-POSTEMA DIRECTOR OF PRODUCTION 40.00 X 159989 0 17326 HARRY BICKET MUSIC DIRECTOR 10.00 X 258154 0 0 DAVID LOMELI CHIEF ARTISTIC ADVISOR 10.00 X 188871 0 4499 MICHAEL VANAARTSEN DIRECTOR OF SAFETY (THRU 11/15/24) 40.00 X 148948 0 16052 CHRISTOPHER HUFNAGEL DIRECTOR OF OPERATIONS 40.00 X 142382 0 6492 ELIZABETH KELLOGG DIR. OF HR (THRU 12/31/24) 40.00 X 137401 0 13718 1978986 0 201862 18 0 1 0 MASTERPIECE CUISINE LLC 303 S WATER STREET SUITE 135 HENDERSON NV 89015 CATERING 561755 CPC NEUTEK 2800 PRINTERS WAY GRAND JUNCTION CO 81506 PRINTING 223420 POSITIVE ENERGY INC 1235 SILER ROAD SANTA FE NM 87507 CONSTRUCTION 181516 MICHAEL TRUJILLO DBA MICHAEL'S VALET PO BOX 5413 SANTA FE NM 87502 PARKING SERVICES 178981 WALTER BURKE CATERING INC PO BOX 914 SANTA FE NM 87504 CATERING 160049 12 506338 123555 21843967 455293 22473860 PERFORMANCE ADMISSIONS 711110 9763136 9763136 AUXILIARY OPERATIONS 711110 1507996 1392201 115795 11271132 4965802 4965802 522180 27972 561929 618 -39749 27354 -12395 -12395 7482469 44086 5032110 1071 2450359 43015 2493374 2493374 187431 506338 190344 -2913 -2913 441438 351506 89932 75835 14097 ADVERTISING REVENUE 513120 356012 250033 105979 COPRODUCTION 900099 244247 244247 SPONSORSHIP REVENUE 611710 74500 74500 137026 137026 811785 42090577 11475419 454425 7686873 X 1134047 388531 459112 286404 11790427 9651359 1511672 627396 261636 102614 151178 7844 1241707 940138 222783 78786 918820 732530 122155 64135 136378 136378 119734 119734 31215 31215 468286 468286 3877338 3318636 333915 224787 831343 829865 1406 72 773434 462602 175466 135366 453048 213121 161821 78106 103337 103337 1337907 1302123 35784 2731535 2652075 44049 35411 40824 10212 30577 35 2377890 1562051 802858 12981 956559 533566 422993 PRODUCTION CREATION/MAT 1267180 1267180 ENTERTAINMENT/CULTIVATI 1213966 730546 118102 365318 353538 328390 25109 39 32420149 25128876 5374593 1916680 4937115 1615131 1642948 4493971 7468202 3549857 235735 578984 115534 113825 593881 756547 85128565 46223244 40870500 38905321 113625106 136929808 21327230 26676993 83897 83896 329503 329503 191229651 214033836 1732846 2006741 1009359 1322495 79033 75349 2821238 3404585 X 59206305 67476534 129202108 143152717 188408413 210629251 191229651 214033836 X 9670428 12504933 45477 X 0 1 X 1 0 X 15939303 15628910 19280868 16864537 22473860 90187478 15939303 15628910 19280868 16864537 22473860 90187478 17422270 72765208 2301848 3970464 5426875 5219150 5515954 22434291 30812 55691 46824 133312 266639 184775 145543 87239 508025 243005 1168587 114056995 50929863 0.63800 0.70580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 184,775. 2021 AMOUNT: $ 145,543. 2022 AMOUNT: $ 87,239. 2023 AMOUNT: $ 508,025. 2024 AMOUNT: $ 243,005. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 31215 31215 30472254 30503469 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 22575 26980 14218 31215 94988 250000 250000 250000 250000 1000000 1500000 FORM 990; SCHEDULE C, PART II-A, LINE 1 THE OPERA RETAINED A LOBBYIST TO CONSULT ON LEGISLATIVE MATTERS OF CONCERN TO THE OPERA. 140238461 12654449 19164310 6620836 165436384 117442984 5342250 23527375 6074148 140238461 101962688 8611206 11742874 4873784 117442984 119024466 2223848 -16014559 3271067 101962688 74047477 33937163 13335911 2296085 119024466 0.16000 0.59000 0.25000 0 0 4048930 4048930 70517771 37704800 32812971 10346745 8518444 1828301 215119 215119 38905321 TIFF REAL ESTATE 25756 F AEW CORE PROPERTY TRUST INC FUND 10915739 F FIRST EAGLE DIRECT LENDING FUND V-B BLOCKED LP 8946266 F JP MORGAN IIF TAX-EXEMPT HEDGED LP 6789232 F 26676993 ANNUITIES PAYABLE 75349 75349 X 55086137 12504933 958912 13463845 41622292 468285 468285 42090577 32865299 913435 913435 31951864 468285 468285 32420149 PART V, LINE 4: TO PRODUCE A RELATIVELY PREDICTABLE AND STABLE INCOME STREAM TO GROW AND TO SUPPORT PRESENT AND FUTURE PROGRAMS. PART X, LINE 2: THE OPERA HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE OPERA RECOGNIZES THE TAX (BENEFIT) EXPENSE FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX (BENEFIT) EXPENSE IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE OPERA HAD NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2025 AND 2024. THE OPERA FILES AN EXEMPT ORGANIZATION RETURN WITH THE INTERNAL REVENUE SERVICE (IRS). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. THE OPERA HAD MINIMAL TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2025 AND 2024. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 45,477. RENTAL EXPENSE 561,929. COST OF GOOD SOLD 351,506. SPECIAL EVENTS EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 351,506. RENTAL EXPENSE 561,929. SPECIAL EVENTS EXPENSES SUMMER GALA 407923 379048 28875 18656 12881 768 WINTER GALA 101550 75050 26500 29287 6176 3542 3 184296 52240 132056 111749 673 6612 693769 506338 187431 159692 19730 10922 190344 -2913 X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 ROBERT MEYA GENERAL DIRECTOR 400000 0 20000 0 130058 0 70575 0 29245 0 649878 0 0 0 HARRY BICKET MUSIC DIRECTOR 258154 0 0 0 0 0 0 0 0 0 258154 0 0 0 HEATHER KEMP CHIEF FINANCIAL OFFICER 213610 0 10000 0 0 0 9720 0 10084 0 243414 0 0 0 EVA TOIA DIR. OF DEVELOPMENT (THRU 2/14/25) 168573 0 1000 0 0 0 3983 0 20168 0 193724 0 0 0 DAVID LOMELI CHIEF ARTISTIC ADVISOR 188871 0 0 0 0 0 0 0 4499 0 193370 0 0 0 KRIS LONGLEY-POSTEMA DIRECTOR OF PRODUCTION 154989 0 5000 0 0 0 7242 0 10084 0 177315 0 0 0 MICHAEL VANAARTSEN DIRECTOR OF SAFETY (THRU 11/15/24) 93948 0 1000 0 54000 0 6744 0 9308 0 165000 0 0 0 ELIZABETH KELLOGG DIR. OF HR (THRU 12/31/24) 134901 0 2500 0 0 0 5961 0 7757 0 151119 0 0 0 PART I, LINE 1A THE SANTA FE OPERA OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE OPERA'S FACILITIES. THE CLOSE PROXIMITY OF THE RESIDENCE AND THE GENERAL DIRECTOR LIVING THEREIN HAVE IMPORTANT BENEFITS FOR THE OPERA. THE GENERAL DIRECTOR IS THEREBY AVAILABLE ON SHORT NOTICE FOR IMPORTANT BUSINESS ON THE OPERA GROUNDS AS WELL AS IS ABLE TO ENTERTAIN AND MEET WITH THE OPERA'S GUESTS, ARTISTIC PARTNERS AND STAFF. THE GENERAL DIRECTOR, AS A CONDITION OF EMPLOYMENT, IS REQUIRED BY THE OPERA TO RESIDE IN THE GENERAL DIRECTOR'S RESIDENCE. THE SANTA FE OPERA REPORTS TO THE INTERNAL REVENUE SERVICE AS COMPENSATION TO THE GENERAL DIRECTOR ADDITIONAL TAXABLE INCOME FOR THE FAIR MARKET RENTAL VALUE AND UTILITY COSTS OF THE PREMISES. THE OPERA HAS AGREED TO REIMBURSE THE GENERAL DIRECTOR FOR ANY OUT-OF-POCKET COSTS INCURRED DURING THE USE OF THE GENERAL DIRECTOR'S RESIDENCE FOR OPERA BUSINESS. DETAILED RECORDS ARE REQUIRED TO BE MAINTAINED OF THE OPERA'S OFFICIAL USE OF THE RESIDENCE AND SUBMITTED TO THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER. THE TAX INDEMNIFICATION AND GROSS UP PAYMENTS REPRESENT THE TAX PAID BY THE OPERA, AND INCLUDED IN ROBERT MEYA'S W-2, TO COVER THE TAX ON THE HOUSING ALLOWANCE. THE HOUSING IS VALUED AT $84,000, AND THE GROSS-UP IS VALUED AT $56,702. PART I, LINES 4A-B MICHAEL VANAARTSEN RECEIVED A SEVERANCE PAYMENT OF $54,000. STARTING IN 2024, ROBERT MEYA PARTICIPATED IN A 457(F) PLAN. PART I, LINE 7 BONUSES WERE AWARDED IN 2024. THE COMPENSATION COMMITTEE MET TO DETERMINE THE GENERAL DIRECTOR'S BONUS. THE GENERAL DIRECTOR DETERMINES BONUSES FOR THE REST OF THE STAFF. X 25 417356 AVG HI & LOW PRICE/SHARE X DONATED TICKETS 44 25774 FAIR MARKET VALUE X DONATED CATERING EXCLUDING SERVICES 4 12163 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A ALL REGULAR MEMBERS OF THE BOARD (EXCLUDING HONORARY MEMBERS, DIRECTORS EMERITUS, AND EX-OFFICIO MEMBERS WHO HAVE NO VOTING RIGHTS) HAVE THE SAME VOTING RIGHTS. IN BETWEEN QUARTERLY BOARD MEETINGS, THE EXECUTIVE COMMITTEE OF THE BOARD IS VESTED WITH THE POWER OF THE BOARD OF DIRECTORS WITH THE FOLLOWING EXCEPTIONS: THE POWER TO DISSOLVE OR MERGE THE OPERA WITH ANOTHER ORGANIZATION, THE POWER TO CHANGE THE NAME OF THE OPERA, THE POWER TO CHANGE THE BYLAWS OF THE OPERA, THE POWER TO DELEGATE ITS AUTHORITY, THE POWER TO REMOVE THE GENERAL DIRECTOR OR ANY OTHER DIRECTOR, AND THE POWER TO SELL REAL PROPERTY VALUED OVER $2.5 MILLION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS OF THE SANTA FE OPERA HAS ADOPTED A RESOLUTION APPROVING A PROCESS BY WHICH THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FULL VERSION OF FORM 990, INCLUDING ALL SCHEDULES AS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. AFTER REVIEW AND ANY MODIFICATION BY THE AUDIT COMMITTEE, FORM 990 IS FILED WITH THE IRS, AND THE PUBLIC DISCLOSURE VERSION OF FORM 990, EXCLUDING SCHEDULE B (SCHEDULE OF CONTRIBUTORS), IS POSTED TO THE PORTAL AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS. SCHEDULE B OF FORM 990 IS NOT REVIEWED BY THE FULL BOARD DUE TO THE CONFIDENTIAL AND PRIVATE NATURE OF ITS DONOR LIST. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS OF THE SANTA FE OPERA ARE ASKED EACH YEAR TO SIGN CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND TO SUBMIT THESE SIGNED STATEMENTS TO THE SECRETARY OF THE BOARD OF DIRECTORS. BY SIGNING THE ANNUAL DISCLOSURE STATEMENTS, EACH DIRECTOR UNDERTAKES TO NOTIFY THE PRESIDENT OF THE OPERA OF ANY MATERIAL CHANGES THAT MIGHT RESULT IN A CONFLICT OF INTEREST. THE PRESIDENT REVIEWS THE SIGNED DISCLOSURE STATEMENTS FOR CONFLICTS AND, WITH THE ASSISTANCE OF COMMITTEE CHAIRS, MONITORS COMPLIANCE WITH THE POLICY AT MEETINGS OF THE BOARD AND COMMITTEES CONSIDERING TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. THE SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPLIANCE WITH THIS POLICY IS MONITORED BY THE AUDIT COMMITTEE. IF A CONFLICT ARISES, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. THERE HAVE BEEN NO INCIDENCES OF CONFLICT DURING THE REPORTING PERIOD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, COMPOSED OF THE PRESIDENT, CHAIRMAN, TREASURER, AND TWO ADDITIONAL BOARD MEMBERS APPOINTED BY THE PRESIDENT, ALL OF WHOM ARE UNRELATED TO THE GENERAL DIRECTOR, REVIEWS AND APPROVES COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE GENERAL DIRECTOR. IN CONSIDERING APPROPRIATE COMPENSATION FOR THIS POSITION, THE COMPENSATION COMMITTEE REVIEWS SALARY DATA FOR COMPARABLE POSITIONS AT SIMILAR OPERA COMPANIES. THE COMPENSATION COMMITTEE ALSO CONDUCTS ANNUAL REVIEWS OF THE PERFORMANCE OF THE GENERAL DIRECTOR. MINUTES OF THE COMPENSATION COMMITTEE'S MEETINGS ARE RECORDED AND MAINTAINED AT THE OFFICES OF THE SANTA FE OPERA. COMPENSATION FOR THE CHIEF FINANCIAL OFFICER IS DETERMINED BY THE GENERAL DIRECTOR. THE GENERAL DIRECTOR TAKES JOB PERFORMANCE AND SALARY DATA FOR COMPARABLE POSITIONS AT OTHER OPERA COMPANIES INTO ACCOUNT WHEN SETTING THE ANNUAL SALARY FOR THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICES OF THE SANTA FE OPERA. THEY ARE MADE AVAILABLE TO MEMBERS OF THE PUBLIC WHO MAKE WRITTEN REQUESTS FOR THE INFORMATION. FORM 990, PART IX, LINE 11G ARTISTIC PERFORMERS/CREATIVE TEAM: PROGRAM SERVICE EXPENSES 1,797,484. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,797,484. OUTSIDE BUILD OF SETS, PROPS, COSTUMES: PROGRAM SERVICE EXPENSES 339,701. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 339,701. OTHER SERVICES: PROGRAM SERVICE EXPENSES 1,181,451. MANAGEMENT AND GENERAL EXPENSES 333,915. FUNDRAISING EXPENSES 224,787. TOTAL EXPENSES 1,740,153. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 45,477. SIMULTEXT SYSTEMS LLC PO BOX 2408 SANTA FE NM 87504 LICENSING OF IP NM -53572 0 THE SANTA FE OPERA OPERA ASSOCIATION OF NEW MEXICO LLC PO BOX 2408 SANTA FE NM 87504 TO SECURE THE OPERA'S ORIGINAL NAME NM 0 0 THE SANTA FE OPERA