2025-02-14T16:18:13-06:00 2024-05-31 236410283 ISDANER & COMPANY LLC ONE BALA PLAZA SUITE 502 BALA CYNWYD PA 19004 990 2023-06-01 231504706 OPERA PHILADELPHIA OPER 2158933600 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 ANTHONY ROTH COSTANZA GENERAL DIRECTOR & PRESIDENT 2158933600 2025-01-29 1 0 EDWARD W DORAN CPA P00841330 6106684200 2025-01-29 2023 2025-03-06 01:10:19Z ANTHONY ROTH COSTANZA 1420 LOCUST STREET SUITE 210 PHILADELPHIA PA 19102 9731583 0 X WWW.OPERAPHILA.ORG X 1975 PA OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY. 26 26 419 30 0 0 8067210 8019453 1490454 1486528 37201 6865 -60206 -145634 9534659 9367212 0 0 0 0 5917607 5664550 0 0 1421139 5995090 5918970 11912697 11583520 -2378038 -2216308 9340807 7275973 3600478 3704041 5740329 3571932 X 23TO 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 7158250 1486528 PROGRAMMING INCLUDED FESTIVAL O23, THE MULTI-VENUE URBAN OPERA FESTIVAL THAT RETURNED FROM A PANDEMIC HIATUS IN THE PREVIOUS SEASON.FESTIVAL O23 VERDI'S SIMON BOCCANEGRA (ACADEMY OF MUSIC), FEATURING QUINN KELSEY (SIMON BOCCANEGRA), ANA MARIA MARTINEZ AND JENNIFER ROWLEY (MARIA/AMELIA), CHRISTIAN VAN HORN (FIESCO), RICHARD TREY SMAGUR (GABRIELE), BEN TAYLOR (PAOLO ALBERTI), AND CORY MCGEE (PIETRO), DIRECTED BY LAURENCE DALE AND CONDUCTED BY CORRADO ROVARIS. RENE ORTH'S 10 DAYS IN A MADHOUSE (WILMA THEATER), FEATURING KIERA DUFFY (NELLIE), RAEHANN BRYCE-DAVIS (LIZZIE), WILL LIVERMAN (DR. BLACKWELL), AND LAUREN PEARL (NURSE/MATRON), DIRECTED BY JOANNA SETTLE AND CONDUCTED BY DANIELA CANDILLARI. THIS PRODUCTION WAS A WORLD PREMIERE, COMMISSIONED IN PARTNERSHIP WITH TAPESTRY OPERA IN TORONTO, CANADA. KARIM SULAYMAN'S UNHOLY WARS (SUZANNA ROBERTS THEATER), A PASTICHE OF EARLY WESTERN MUSIC INTERWOVEN WITH CONTEMPORARY MUSIC BY MARY KOUYOUMDJIAN, TO REFRAME THE WESTERN NARRATIVE OF THE CRUSADES FROM A MIDDEL EASTERN PERSPECTIVE. AFTERNOONS AT AVA (ACADEMY OF VOCAL ARTS), AND CURTIS VOICES (FIELD HALL), FOUR INTIMATE RECITAL SERIES FEATURING CURTIS AND 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 ONE SPRING SEASON PRODUCTION IN THE ACADEMY OF MUSIC: IN APRIL/MAY 2023, PUCCINI'S MADAME BUTTERFLY, IN A NEW PRODUCTION CREATED IN COLLABORATION WITH MEMBERS OF THE PHILADELPHIA AAPI COMMUNITY SERVING ON THE OPERA'S COMMUNITY ADVISORY COUNCIL. CONCEIVED AND DESIGNER BY YUKI IZUMIHARA, DIRECTED BY ETHAN HEARD AND CONDUCTED BY CORRADO ROVARIS, WITH KAREN CHIA-LING HO (CIO CIO SAN), ANTHONY CIARAMITARO (PINKERTON), ANTHONY CLARK EVANS (SHARPLESS), KRISTEN CHOI (SUZUKI), MARTIN BAKARI (GORO), KYLE MILLER (YAMADORI), SUCHAN KIM (THE BONZE), AND PUPPET ARTIST HUA HUA ZHANG. IN MARCH 2023, OPERA PHILADELPHIA'S CELEBRATED 13 YEARS OF DAVID DEVAN'S TENURE AS GENERAL DIRECTOR AND PRESIDENT WITH A GALA CELEBRATION TITLED "TOI, TOI, TOI", WITH PERFORMANCES BY SOME OF OPERA PHILADELPHIA'S MOST BELOVED ARTISTS: JOHN JARBEAU (ALSO HOST), DANIELA MACK, WILL LIVERMAN, JOSHUA BLUE, ASHLEY ROBILLARD, JOHN HOLIDAY, FREDERICA VON STADE, AND THE OPERA PHILADELPHIA CHORUS. 639804 OPERA PHILADELPHIA CONTINUED TO OFFER ITS SIGNATURE YOUTH INITIATIVES PROGRAMMING TO PROVIDE ARTS EDUCATION AND ACCESS TO THE ARTS FOR THE REGION'S STUDENTS. OPERA PHILADELPHIA SUCCESSFULLY CONTINUED TO DEEPEN ITS RELATIONSHIP WITH THE CITY OF PHILADELPHIA THROUGH PROGRAMS THAT STEM FROM COLLABORATIONS AND LONG-TERM RELATIONSHIPS WITH COMMUNITY PARTNERS: - STRUT! A HARLEM RENAISSANCE CABARET, AN INCLUSIVE PUBLIC PERFORMANCE THAT TAKES AUDIENCES ON A MUSICAL JOURNEY CELEBRATING CREATIVES FROM THE HARLEM RENAISSANCE AND ITS IMPACT ON THE CULTURAL LANDSCAPE AND WELCOMES AUDIENCES WITH DIFFERENT SENSORY NEEDS THROUGH INNOVATIVE TECHNOLOGY AND A RELAXED ENVIRONMENT - 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 7798054 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 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 264 0 1 419 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 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 275000 0 56719 DAVID LEVY SVP OF ARTISTIC OPERA 60.00 X 169950 0 31472 FRANK LUZI VP OF MKTG AND COMMUNICATI 60.00 X 154500 0 24059 IRMAJEANNE RANGE VP OF DEVELOPMENT 60.00 X 158853 0 7702 DERRELL ACON VP OF PEOPLE OPERATIONS & 60.00 X 135400 0 9722 VERONICA S CHAPMAN-SMITH VP OF COMMUNITY INITIATIVE 60.00 X 147767 0 5360 REBECCA MIRIAM ACKERMAN SR DIR OF DEVELOPMENT 60.00 X 126404 0 14571 DERREN A MANGUM DIR OF INSTITUTIONAL GIVING 60.00 X 102000 0 29172 1269874 0 178777 8 0 1 0 RADAR 2810 N CHURCH STREET WILMINGTON DE 19802 ACCOUNTING 297132 CORRADO ROVARIS 604 SOUTH WASHINGTON SQ 3108 PHILADELPHIA PA 19106 CONDUCTOR 153812 UP UNTIL NOW COLLECTIVE 864 WEST END AVENUE 51 NEW YORK NY 11025 MUSICIANS 141740 ALLIED 55 CAMBRIDGE PARKWAY STE 200 CAMBRIDGE MA 02142 ADVERTISING 125576 CRW GRAPHICS 900 PENNSAUKEN HIGHWAY PENNSAUKEN NJ 08110 PRINTING 114581 5 520291 194036 7305126 1360669 8019453 TICKET SALES 711110 1219819 1219819 PRODUCTION PARTNERSHIP 711110 125000 125000 SET & COSTUME RENTALS 711110 88878 88878 TICKET PROCESSING FEES 711110 48831 48831 EVENT FEES 711110 4000 4000 1486528 13702 13702 42499 49336 -6837 -6837 -6837 95800 520291 315035 -219235 -219235 OTHER REVENUE - MARKETING 711110 61100 61100 OTHER 711110 8389 8389 OTHER REVENUE - FINANCE 711110 4112 4112 73601 9367212 1560129 0 -212370 368095 162623 38524 166948 4228819 2884587 484245 859987 44776 29635 5785 9356 636298 466158 28888 141252 386562 269199 43827 73536 62632 49663 12969 439986 439986 332658 119735 196815 16108 201473 2507 198966 895917 677850 188395 29672 230953 8314 221424 1215 1407118 1250138 156109 871 557947 520078 21332 16537 111721 21834 9491 80396 121905 121905 47240 29084 18156 216189 27853 166911 21425 OPERA PRODUCTION COSTS 1242177 1240178 599 1400 VIDEO/MEDIA PRODUCTION 50678 37605 11148 1925 MISCELLANEOUS 376 1013 -1148 511 11583520 7798054 2364327 1421139 250 181321 7876597 5781466 39077 46159 649026 581965 1787708 1707692 127258 80016 222897 257786 425702 347260 9340807 7275973 989013 853778 732526 518518 1683340 2224125 195599 107620 3600478 3704041 X 44601 -1895145 5695728 5467077 5740329 3571932 9340807 7275973 -2216308 47911 0 X X 0 1 X 1 0 X 13069655 6903252 10442398 8049758 8035266 46500329 1379575 257356 815324 1555604 1582328 5590187 14449230 7160608 11257722 9605362 9617594 52090516 2318206 947563 1031868 3973767 1567372 9838776 0 2318206 947563 1031868 3973767 1567372 9838776 42251740 12824 10743 11925 11829 13702 61023 12824 10743 11925 11829 13702 61023 90122 13268 29229 63741 73601 269961 14552176 7184619 11298876 9680932 9704897 52421500 0.80600 0.78610 0.00120 0.00100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11583520 11583520 729176 182294 0 0 745635 729176 1474811 2212217 186409 182294 368703 553055 222897 44660 9770 257787 233759 -1121 9741 222897 262706 -19335 9612 233759 212854 58289 8437 262706 193815 26418 7379 212854 0.70910 0.29090 0 0 837563 809341 28222 950145 898351 51794 80016 LEASE LIABILITY 107620 107620 X 9449513 47911 34390 82301 9367212 0 9367212 11617910 34390 34390 11583520 0 11583520 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, 2024 OR 2023. TOI TOI TOI GALA 616091 520291 95800 315035 616091 520291 95800 315035 315035 -219235 X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 DAVID DEVAN PRESIDENT 275000 0 0 0 0 0 36250 0 20469 0 331719 0 0 0 DAVID LEVY SVP OF ARTISTIC OPERA 169950 0 0 0 0 0 8497 0 22975 0 201422 0 0 0 FRANK LUZI VP OF MKTG AND COMMUNICATI 154500 0 0 0 0 0 7725 0 16334 0 178559 0 0 0 IRMAJEANNE RANGE VP OF DEVELOPMENT 158853 0 0 0 0 0 0 0 7702 0 166555 0 0 0 VERONICA S CHAPMAN-SMITH VP OF COMMUNITY INITIATIVE 147767 0 0 0 0 0 4000 0 1360 0 153127 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. X 15 1360669 FMV AT DATE OF GIFT 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 XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR