Form 990 for tax year 2022
Filed by SARASOTA OPERA ASSOCIATION INC.
Totals
- Total revenue
- $7,635,719
- Total expenses
- $9,783,004
- Contributions and grants received
- $3,633,048
- Grants paid
- $9,000
- Program service revenue
- $3,388,505
- Investment income
- $206,672
- Other revenue
- $407,494
- Total assets, end of year
- $28,294,534
- Total liabilities, end of year
- $5,876,552
- Net assets or fund balances, end of year
- $22,417,982
- Program services expenses (Part IX)
- $7,328,103
- Management and general expenses
- $1,783,413
- Fundraising expenses
- $671,488
- Program service expenses (Part III)
- $7,328,103
Program services were 74.9% 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.
-
1e · Government grants (contributions)
$228,986
-
1f · All other contributions, gifts and grants
$3,404,062
-
2a · Program service revenue: OPERA PRODUCTIONS
total $2,601,853 · related or exempt $2,601,853
-
2b · Program service revenue: RENTAL
total $646,598 · related or exempt $646,598
-
2c · Program service revenue: SARASOTA YOUTH OPERA
total $140,054 · related or exempt $140,054
-
3 · Investment income
total $272,254 · excluded $272,254
-
7a · Gross sales of assets other than inventory
securities $5,546,426
-
7b · Less cost or other basis and sales expenses
securities $5,609,809 · other assets $2,199
-
7c · Gain or loss
securities -$63,383 · other assets -$2,199
-
7d · Net gain or loss
total -$65,582 · excluded -$65,582
-
8a · Fundraising events: gross income
$330,617
-
8b · Fundraising events: direct expenses
$228,529
-
8c · Net income from fundraising events
total $102,088 · excluded $102,088
-
11a · Other revenue: OTHER INCOME
total $305,406 · related or exempt $305,406
-
11e · Other revenue, total
$305,406
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,000 · program services $9,000
-
5 · Compensation of officers, directors and key employees
total $717,479 · program services $160,030 · management and general $334,227 · fundraising $223,222
-
7 · Other salaries and wages
total $4,037,175 · program services $3,230,083 · management and general $694,943 · fundraising $112,149
-
9 · Other employee benefits
total $288,566 · program services $195,881 · management and general $63,756 · fundraising $28,929
-
10 · Payroll taxes
total $182,058 · program services $100,002 · management and general $62,705 · fundraising $19,351
-
11b · Fees: legal
total $7,569 · management and general $7,569
-
11c · Fees: accounting
total $27,500 · management and general $27,500
-
11f · Fees: investment management
total $98,457 · management and general $98,457
-
12 · Advertising and promotion
total $402,134 · program services $402,134
-
13 · Office expenses
total $157,712 · program services $11,492 · management and general $131,174 · fundraising $15,046
-
14 · Information technology
total $118,955 · program services $3,206 · management and general $115,449 · fundraising $300
-
16 · Occupancy
total $977,333 · program services $902,959 · management and general $74,374
-
17 · Travel
total $571,093 · program services $563,815 · management and general $3,331 · fundraising $3,947
-
19 · Conferences, conventions and meetings
total $34,061 · program services $21,637 · management and general $10,350 · fundraising $2,074
-
20 · Interest
total $131,079 · program services $71,830 · management and general $53,367 · fundraising $5,882
-
22 · Depreciation, depletion and amortization
total $832,104 · program services $803,837 · management and general $28,267
-
23 · Insurance
total $159,407 · program services $152,931 · management and general $6,476
-
24a · Other expenses: PRODUCTION MATERIALS
total $673,453 · program services $673,453
-
24b · Other expenses: FUNDRAISING
total $142,313 · fundraising $142,313
-
24c · Other expenses: GUILDS
total $113,201 · fundraising $113,201
-
24d · Other expenses: GENERAL & ADMINISTRATIV
total $46,780 · management and general $46,780
-
24e · All other expenses
total $55,575 · program services $25,813 · management and general $24,688 · fundraising $5,074
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $284,163 · end of year $132,212
-
2 · Savings and temporary cash investments
beginning of year $1,263,431 · end of year $70,004
-
3 · Pledges and grants receivable
beginning of year $70,472 · end of year $301,448
-
4 · Accounts receivable
beginning of year $18,721 · end of year $78,986
-
9 · Prepaid expenses and deferred charges
beginning of year $117,164 · end of year $106,325
-
10a · Land, buildings and equipment: cost or other basis
$29,025,397
-
10b · Land, buildings and equipment: accumulated depreciation
$13,545,196
-
10c · Land, buildings and equipment, net
beginning of year $15,867,180 · end of year $15,480,201
-
11 · Investments: publicly traded securities
beginning of year $11,218,599 · end of year $10,860,172
-
15 · Other assets
beginning of year $16,869 · end of year $1,265,186
-
17 · Accounts payable and accrued expenses
beginning of year $320,111 · end of year $237,159
-
19 · Deferred revenue
beginning of year $958,919 · end of year $1,079,807
-
23 · Secured mortgages and notes payable
beginning of year $2,797,353 · end of year $3,292,054
-
25 · Other liabilities
beginning of year $0 · end of year $1,267,532
-
27 · Net assets without donor restrictions
beginning of year $16,190,255 · end of year $14,168,705
-
28 · Net assets with donor restrictions
beginning of year $8,589,961 · end of year $8,249,277
Mission and programs · 2022
Mission
TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD. TO PRODUCE SUCH OPERAS; AND TO FOSTER, PROMOTE, AND INCREASE PUBLIC KNOWLEDGE AND APPRECIATION OF OPERA AND SIMILAR PRESENTATIONS; TO INSTRUCT, TRAIN AND EDUCATE BOTH STUDENTS AND THE PUBLIC, GENERALLY, IN OPERA, MUSIC, AND RELATED PREFORMING ARTS; AND TO RENT, ACQUIRE FOR USE, OR OWN, MAINTAIN, AND OPERATE A PLACE OR PLACES TO ACCOMPLISH THESE OBJECTIVES.
Activities or mission (Part I)
TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD.
-
SARASOTA OPERA CONTINUED ITS POST-COVID JOURNEY TOWARD A NORMAL OPERATING SCHEDULE. IN THE FALL OF 2022, AUDIENCES REMAINED HESITANT TO RETURN TO LIVE THEATER PERFORMANCES AND HURRICANE IAN ALSO IMPACTED ATTENDANCE. ONCE THE CALENDAR TURNED TO 2023, TICKET SALES INCREASED SIGNIFICANTLY, EXCEEDING BUDGETED SALES FOR TWO OF THE FOUR OPERAS PRESENTED. THE OPERA PRESENTED 34 MAIN STAGE OPERA PERFORMANCES AS WELL AS 4 CONCERTS AND 8 HD MOVIE SHOWINGS. THE OPERA'S YOUTH OPERA PROGRAM RETURNED WITH 2 PERFORMANCES IN THE FALL OF 2022, ALONG WITH COMMUNITY OUTREACH EVENTS, IN-SCHOOL PERFORMANCES AND TEACHER WORKSHOPS. THE OPERA'S TWO GUILD ORGANIZATIONS ALSO RETURNED TO FUNDRAISING EVENTS.
Expenses $7,328,103 · Grants $9,000 · Revenue $3,693,911
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
RON ARCHBOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
J SUMNER BAGBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
EDWARD C BAVARIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KATHERINE BENOIT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
ULYSSES BRUALDI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAVID CHAIFETZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD DEGENNARO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
VICTOR DERENZI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SYBLE DI GIROLAMO
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
CAROL ENGLISH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
FRANCES DALY FERGUSSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MERYL GALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ROGER S KAUFMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WALDRON KRAEMER
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
ROSANNE MARTORELLA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
MARY J MITCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RICHARD RUSSELL
GENERAL DIRECTOR
- Total calculated
- $279,894
- From this org
- $270,388
- From related orgs
- $0
- Other
- $9,506
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $270,388
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,506
- Filer's total
- $279,894
-
STEVE SABATO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ARTHUR SICILIANO
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
TOBY SIEGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JANET STERN SOLOMON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS STEINER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN K STRAUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN F SUHRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM D TOMPKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JEFF TROIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAL WADSWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DONALD J WORTHINGTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KENNETH TARASI
DIRECTOR OF FINANCE
- Total calculated
- $113,327
- From this org
- $104,030
- From related orgs
- $0
- Other
- $9,297
- Hours/week
- 50
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333529349300963
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