2025-12-23T10:30:21+00:00 2025-05-31 580692043 Mauldin & Jenkins LLC 1401 Manatee Avenue West Suite 1200 Bradenton FL 34205 990 2024-06-01 237089047 Sarasota Opera Association Inc SARA 9413668450 61 N Pineapple Avenue Sarasota FL 34236 Ken Tarasi Director of Finance 2025-12-23 true true Brian Carter P00536712 9417474483 2025-11-19 2024 2025-03-06 01:10:19Z Richard A Russell 61 N Pineapple Avenue Sarasota FL 34236 31345589 false X WWW.SARASOTAOPERA.ORG X 1961 FL Sarasota Opera produces impassioned opera performances true to the vision of the composer, to entertain, enrich, educate, and inspire a life-long love of opera in our diverse and growing communities. 30 29 144 165 0 4391593 11640944 3608610 3617865 434595 703610 485717 342477 8920515 16304896 14000 15000 0 5149700 5846626 0 760099 4641274 4693242 9804974 10554868 -884459 5750028 30963445 36969853 8266232 8069205 22697213 28900648 Sarasota Opera produces impassioned opera performances true to the vision of the composer, to entertain, enrich, educate, and inspire a life-long love of opera in our diverse and growing communities. false false 7830337 15000 3917654 In the Fall of 2024, the Opera presented two performances of Giuseppe Verdi's music to nearly sold out houses, while our Youth Opera program, with it's growing participation, presented two performances of The Hobbit. The Winter Festival consisted of thirty-three performances, two more than the previous year. Four different operas were presented in front of over 28,000 patrons. In addition to these live main stage performances, the Opera continued its presentation of classic and classical HD movies. Community outreach events, in-school programs and teacher workshops continued to expand. The Opera's two guild organizations are growing and creating additional fundraising events and activities. 7830337 true true false false false false false false false true true false false true true true true false false false false false false false true false false false true true false false false false false false false false false false true false false false false false false false false false true 243 0 true 144 true false false false false false true true false false false false false false X 30 29 false false false false false false false true true false true true true true true true true true true true false false FL X X X Ken Tarasi 9413668450 61 N Pineapple Avenue Sarasota FL 34236 ARTHUR SICILIANO CHAIR 5.0 X X 0 0 0 KATHERINE BENOIT VICE CHAIR 5.0 X X 0 0 0 RON ARCHBOLD TREASURER 5.0 X X 0 0 0 STEVE SABATO SECRETARY 5.0 X X 0 0 0 Alastair Hunter-Henderson TRUSTEE 2.0 X 0 0 0 CAROL ENGLISH TRUSTEE 2.0 X 0 0 0 DAVID CHAIFETZ TRUSTEE 2.0 X 0 0 0 David L Bialosky TRUSTEE 2.0 X 0 0 0 DONALD J WORTHINGTON TRUSTEE 2.0 X 0 0 0 J SUMNER BAGBY TRUSTEE 2.0 X 0 0 0 JANET STERN SOLOMON TRUSTEE 2.0 X 0 0 0 JEFF TROIANO TRUSTEE 2.0 X 0 0 0 JOHN F SUHRE TRUSTEE 2.0 X 0 0 0 Joseph Mallof TRUSTEE 2.0 X 0 0 0 MARY J MITCHELL TRUSTEE 2.0 X 0 0 0 MICHAL WADSWORTH TRUSTEE 2.0 X 0 0 0 Patricia Dodge TRUSTEE 2.0 X 0 0 0 PAUL DELAURO TRUSTEE 2.0 X 0 0 0 RICHARD DEGENNARO TRUSTEE 2.0 X 0 0 0 ROSANNE MARTORELLA TRUSTEE 2.0 X 0 0 0 Sue Neumann TRUSTEE 2.0 X 0 0 0 SUSAN K STRAUS TRUSTEE 2.0 X 0 0 0 SYBLE DI GIROLAMO TRUSTEE 2.0 X 0 0 0 Tamara Jacobs TRUSTEE 2.0 X 0 0 0 Thomas Garden TRUSTEE 2.0 X 0 0 0 TOBY SIEGEL TRUSTEE 2.0 X 0 0 0 ULYSSES BRUALDI TRUSTEE 2.0 X 0 0 0 WILLIAM D TOMPKINS TRUSTEE 2.0 X 0 0 0 KENNETH TARASI DIRECTOR OF FINANCE 50.0 X 117070 0 10343 RICHARD RUSSELL GENERAL DIRECTOR 50.0 X 325139 0 10668 VICTOR DERENZI TRUSTEE 35.0 X 0 0 0 442209 0 21011 2 false true false DERENZI & SUNDINE INC 1111 N GULFSTREAM AVE SARASOTA FL 34236 ARTISTIC DIRECTION, STAGE DIRECTION, CON 589277 UNITED MECHANCIAL LLC 8170 MAINLINE PARKWAY FT MYERS FL 33912 HVAC INSTALLATION AND SERVICES 400982 7201 15TH STREET LLC 1810 W KENNEDY BLVD TAMPA FL 33606 Set warehouse storage 312993 BIH ENT I SARASOTA LLC BAILEY INVESTMENT HOLDINGS 912 W PLATT ST TAMPA FL 33606 COSTUME WAREHOUSE STORAGE 185770 ROSEMARY SQUARE LLC CO RED PROPERTY MNGMT 555 S OSPREY AVENUE SARASOTA FL 34236 COMMON AREA MAINTENANCE FOR ARTIST RESIDENCES BLDG 170102 8 80926 95925 11464093 878770 11640944 OPERA PRODUCTIONS 711110 2578817 2578817 RENTALS 711110 822279 822279 SARASOTA YOUTH OPERA 711110 216769 216769 0 0 0 0 3617865 287195 287195 0 0 15027186 14588876 21895 438310 -21895 416415 416415 472610 80926 429922 42688 42688 OTHER INCOME 711110 299789 299789 0 0 0 0 299789 16304896 3917654 0 746298 15000 15000 575222 170014 371205 34003 4681784 3499218 696004 486562 398547 278826 78554 41167 191073 107986 62691 20396 14891 14891 27500 27500 101001 101001 0 0 0 0 400844 400844 190488 13037 159079 18372 149312 7430 138495 3387 1192975 1118624 74351 663843 659792 2258 1793 57975 23448 30350 4177 160200 65881 88807 5512 835664 798843 36821 193594 188131 5463 PRODUCTION MATERIALS 461402 461402 GUILDS 143233 143233 GENERAL & ADMINISTRATIVE 59142 59142 Other 23358 21861 1497 17820 0 17820 0 10554868 7830337 1964432 760099 135727 257136 270765 66992 288915 5503024 20000 295925 0 0 0 0 133992 251294 29844620 14946882 15005652 14897738 11764300 12713072 0 0 3344094 2984672 30963445 36969853 297757 467576 1018592 1120171 0 0 3582928 3418352 3366955 3063106 8266232 8069205 X 13772945 20036600 8924268 8864048 22697213 28900648 30963445 36969853 5750028 453407 0 X X false true true false X 5036758 7023820 3633048 4391593 11640944 31726163 576965 2752503 3719122 4141854 3617865 14808309 0 0 0 5613723 9776323 7352170 8533447 15258809 46534472 470000 400000 100000 725150 627619 2322769 0 0 0 0 0 0 470000 400000 100000 725150 627619 2322769 44211703 183958 217865 272254 288595 287195 1249867 0 183958 217865 272254 288595 287195 1249867 0 399271 392542 305406 296544 342477 1736240 6196952 10386730 7929830 9118586 15888481 49520579 0.89279 0.86416 0.03 0.0279 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 399271.0, COLUMN B - 392542.0, COLUMN C - 305406.0, COLUMN D - 296544.0, COLUMN E - 342477.0, COLUMN F - 1736240.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11764300 1046437 1074986 1172651 12713072 10860172 40838 1498914 635624 11764300 11218599 47800 -109237 296990 10860172 10349307 1461502 -592210 11218599 8066100 809487 1714720 241000 10349307 0.3129 0.6389 0.0482 false false 464466 464466 23741408 10549421 13191987 5638746 4397461 1241285 14897738 DEPOSITS 37750 RIGHT OF USE ASSETS 2946922 2984672 Federal Income Taxes LEASE LIABILITIES 3063106 3063106 X 17087224 453407 429922 883329 16203895 101001 0 101001 16304896 10883789 429922 429922 10453867 101001 0 101001 10554868 Schedule D, Part V, Line 4 Intended uses of endowment funds TO PROVIDE A STABLE FLOW OF RESOURCES FOR CURRENT OPERATIONS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Opera qualifies as a charitable organization as defined by Internal Revenue Code (IRC) Section 501(c)(3) and, accordingly, is exempt from federal income taxes under IRC Section 501(a). However, the Opera is subject to income tax on unrelated business income (UBI). For the year ended May 31, 2025, the Opera incurred no income tax expense. It is the Opera's policy to account for any uncertainties in income tax law in accordance with FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. ASC 740-10 clarifies the accounting for uncertain income tax positions and requires that the Opera recognize the impact of such a tax position in its financial statements if, upon ultimate settlement, that position is more-likely-than-not to be sustained. Management has evaluated the Opera's tax positions and concluded that the Opera has maintained its tax-exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. As a result, no provision or liability for income taxes has been included in the financial statements. The Opera files a Form 990, Return of Organization Exempt from Income Tax. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Special event expenses - 429922 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Special event expenses - 429922 Annual Gala 328002 80926 247076 19271 92671 25924 103182 Courtyard Dinners 34599 34599 41080 12493 21499 4047 4 190935 190935 12571 86975 4861 5348 553536 80926 472610 72922 192139 52284 112577 429922 42688 true FINANCIAL SCHOLARSHIPS 8 15000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Artist awards and scholarships are based on specific criteria and recipients are approved by the Board. X X X X X false false false false false false false false false RICHARD RUSSELL GENERAL DIRECTOR 325139 0 0 0 0 0 0 0 10668 0 335807 0 0 0 7 878770 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Form 990, Part VI, Line 11b Review of form 990 by governing body A FULL COPY OF FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR THEIR REVIEW AND COMMENT. SUBSEQUENTLY, A FULL COPY OF FORM 990 IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD, PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REQUIRES ALL POTENTIAL CONFLICTS OF INTEREST TO BE REPORTED TO A SUPERVISOR AND/OR TO THE EXECUTIVE DIRECTOR. THE ORGANIZATION REQUIRES CONFLICTS OF INTEREST TO BE AVOIDED OTHER THAN TO THE EXTENT THE EXECUTIVE DIRECTOR HAS PROVIDED THE EMPLOYEE WITH A WRITTEN EXEMPTION. THE BOARD OF TRUSTEES ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST AT THEIR ANNUAL MEETING. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION ENGAGES A HUMAN RESOURCE COMMITTEE WHICH FUNCTIONS AS A COMPENSATION COMMITTEE WHICH REVIEWS INDUSTRY COMPENSATION SURVEYS, REVIEWS AND APPROVES OPERA'S ANNUAL BUDGET AND REQUIRES RATIFICATION BY THE BOARD OF TRUSTEES FOR ARTISTIC AND EXECUTIVE DIRECTORS. ARTISTIC AND EXECUTIVE DIRECTORS ARE RESPONSIBLE FOR ALL OTHER PAID EMPLOYEES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION ENGAGES A HUMAN RESOURCE COMMITTEE WHICH FUNCTIONS AS A COMPENSATION COMMITTEE WHICH REVIEWS INDUSTRY COMPENSATION SURVEYS, REVIEWS AND APPROVES OPERA'S ANNUAL BUDGET AND REQUIRES RATIFICATION BY THE BOARD OF TRUSTEES FOR ARTISTIC AND EXECUTIVE DIRECTORS. ARTISTIC AND EXECUTIVE DIRECTORS ARE RESPONSIBLE FOR ALL OTHER PAID EMPLOYEES. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OR AT WWW.GUIDESTAR.ORG, WWW.CHARITYNAVIGATOR.ORG, AND WWW.THEGIVINGPARTNER.ORG. Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS IS UNCHANGED FROM THE PRIOR YEAR.