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Nonprofiteer
← SEATTLE OPERA FOUNDATION

Form 990 for tax year 2024

Filed by SEATTLE OPERA FOUNDATION.

Totals

Total revenue
$1,575,055
Total expenses
$1,489,205
Contributions and grants received
$267,874
Grants paid
$1,361,504
Program service revenue
$0
Investment income
$1,307,181
Other revenue
$0
Total assets, end of year
$31,971,942
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$31,971,942
Program services expenses (Part IX)
$1,361,504
Management and general expenses
$127,701
Fundraising expenses
$0
Program service expenses (Part III)
$1,361,504

Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $267,874

  • 1g · Noncash contributions included above

    $2,360

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $901,771 · related or exempt $0 · unrelated business $0 · excluded $901,771

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $9,238,470 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $8,833,060 · other assets $0

  • 7c · Gain or loss

    securities $405,410 · other assets $0

  • 7d · Net gain or loss

    total $405,410 · related or exempt $0 · unrelated business $0 · excluded $405,410

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,361,504 · program services $1,361,504

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $7,754 · program services $0 · management and general $7,754 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $118,608 · program services $0 · management and general $118,608 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $125 · program services $0 · management and general $125 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,792 · program services $0 · management and general $1,792 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS

    total -$578 · program services $0 · management and general -$578 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,830,117 · end of year $1,432,958

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $27,918,420 · end of year $30,397,767

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $127,608 · end of year $141,217

  • 27 · Net assets without donor restrictions

    beginning of year -$579 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $29,876,724 · end of year $31,971,942

Mission and programs · 2024

Mission

TO SUPPORT SEATTLE OPERA IN PURSUING ITS EXEMPT PURPOSE THROUGH CONTRIBUTION SUPPORT.

  • SEATTLE OPERA FOUNDATION DISTRIBUTIONS PROVIDE SUPPORT EXCLUSIVELY TO SEATTLE OPERA, AN INTERNAL REVENUE CODE 501(C)3 PUBLIC CHARITY. DURING ITS 2024/2025 SEASON, SEATTLE OPERA WITNESSED CONTINUED GROWTH OF IN-PERSON ATTENDENCE AT MCCAW HALL, TAGNEY JONES HALL, AND OTHER VENUES. THE OPERA INCREASED THE NUMBER OF PERFORMANCES SIGNIFICANTLY FROM THE PRIOR SEASON (32 VS 24), ESPECIALLY FOR BLOCKBUSTER SHOWS LIKE THE MAGIC FLUTE, TOSCA, AND PAGLIACCI. THE SEASON FEATURED FOUR MAINSTAGE OPERAS, AMONG THEM ALL-TIME FAVORITES LIKE "PAGLIACCI", "THE MAGIC FLUTE", AND "TOSCA", A WORLD PREMIERE "JUBILEE", AND A CONCERT OPERA OF "LES TROYENS" FEATURING THE 60-MEMBER SEATTLE OPERA CHORUS AND THE 80-MEMBER SEATTLE SYMPHONY ORCHESTRA.

    Expenses $1,361,504 · Grants $1,361,504

As filed on the 2024 return.

Listed in Part VII

  • Steven C Phelps

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Moya Vazquez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 10 related

  • Anne Redman

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • James D Cullen

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Milkana Brace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Ellen Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 10 related

  • Robyn Grad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Susanna Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Joshua Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 10 related

  • John Sullivan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SONG & DANCE LLC

    RETAIL · WA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    T · MANAGE INVESTMENTS · WA · controlled entity

    Directly controlled by SOF

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202543529349301529

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