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Nonprofiteer
← SEATTLE OPERA FOUNDATION

Form 990 for tax year 2023

Filed by SEATTLE OPERA FOUNDATION.

Totals

Total revenue
$2,468,174
Total expenses
$1,482,558
Contributions and grants received
$1,181,710
Grants paid
$1,355,530
Program service revenue
$0
Investment income
$1,286,464
Other revenue
$0
Total assets, end of year
$29,876,145
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$29,876,145
Program services expenses (Part IX)
$1,355,530
Management and general expenses
$127,028
Fundraising expenses
$0
Program service expenses (Part III)
$1,355,530

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

    $1,181,710

  • 1g · Noncash contributions included above

    $532,206

  • 3 · Investment income

    total $755,662 · related or exempt $0 · unrelated business $0 · excluded $755,662

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $12,926,917 · other assets $0

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

    securities $12,396,115 · other assets $0

  • 7c · Gain or loss

    securities $530,802 · other assets $0

  • 7d · Net gain or loss

    total $530,802 · related or exempt $0 · unrelated business $0 · excluded $530,802

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,355,530 · program services $1,355,530

  • 11c · Fees: accounting

    total $9,600 · management and general $9,600

  • 11f · Fees: investment management

    total $115,524 · management and general $115,524

  • 13 · Office expenses

    total $125 · management and general $125

  • 23 · Insurance

    total $1,779 · management and general $1,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $818,673 · end of year $1,830,117

  • 11 · Investments: publicly traded securities

    beginning of year $26,300,578 · end of year $27,918,420

  • 15 · Other assets

    beginning of year $114,001 · end of year $127,608

  • 25 · Other liabilities

    beginning of year $1,435

  • 27 · Net assets without donor restrictions

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

  • 28 · Net assets with donor restrictions

    beginning of year $27,232,396 · end of year $29,876,724

Mission and programs · 2023

Mission

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

  • SEATTLE OPERA FOUNDATION DISTRIBUTIONS PROVIDE SUPPORT EXCULSIVELY TO SEATTLE OPERA, AN INTERNAL REVENUE CODE 501(C)3 PUBLIC CHARITY. DURING SEATTLE OPERA'S 2023/2024 SEASON, THE COMPANY WITNESSED CONTINUED GROWTH OF IN-PERSON ATTENDENCE AT MCCAW HALL, TAGNEY JONES HALL, AND OTHER VENUES, ESPECIALLY AS PEOPLE BECAME MORE COMFORTABLE WITH GOING OUT IN PUBLIC. THIS PAST SEASON ROUGHLY 48,000 TOTAL TICKETS WERE SOLD TO MAINSTAGE PERFORMANCES. AMONG THE HOUSEHOLDS ATTENDING, MORE THAN 43% WERE NEW PATRONS.

    Expenses $1,355,530 · Grants $1,355,530

As filed on the 2023 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

  • CHARLES B COSSE

    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

  • JOSHUA RODRIGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 10 related

  • MILKANA STEFANOVA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 2 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.

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
2023
Filed
8 April 2025
IRS schema version
2023v6.0
Source object
202520989349301032

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