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Nonprofiteer
← SARASOTA OPERA ASSOCIATION INC

Form 990 for tax year 2023

Filed by SARASOTA OPERA ASSOCIATION INC.

Totals

Total revenue
$8,920,515
Total expenses
$9,804,974
Contributions and grants received
$4,391,593
Grants paid
$14,000
Program service revenue
$3,608,610
Investment income
$434,595
Other revenue
$485,717
Total assets, end of year
$30,963,445
Total liabilities, end of year
$8,266,232
Net assets or fund balances, end of year
$22,697,213
Program services expenses (Part IX)
$7,244,592
Management and general expenses
$1,878,280
Fundraising expenses
$682,102
Program service expenses (Part III)
$7,244,592

Program services were 73.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ARTHUR SICILIANO

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • KATHERINE BENOIT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • RON ARCHBOLD

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • STEVE SABATO

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • J SUMNER BAGBY

    TRUSTEE

    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

  • PAUL DELAURO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • VICTOR DERENZI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SYBLE DI GIROLAMO

    TRUSTEE

    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

  • PHILIP J LOMBARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROSANNE MARTORELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARY J MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TOBY SIEGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JANET STERN SOLOMON

    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

  • RICHARD RUSSELL

    GENERAL DIRECTOR

    Total calculated
    $294,840
    From this org
    $285,022
    From related orgs
    $0
    Other
    $9,818
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $285,022
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,818
    Filer's total
    $294,840

  • KENNETH TARASI

    DIRECTOR OF FINANCE

    Total calculated
    $119,089
    From this org
    $109,480
    From related orgs
    $0
    Other
    $9,609
    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
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202500369349301655

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