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Nonprofiteer
← PORTLAND OPERA ASSOCIATION INC

Form 990 for tax year 2022

Filed by PORTLAND OPERA ASSOCIATION INC.

Totals

Total revenue
$6,330,002
Total expenses
$8,725,554
Contributions and grants received
$2,970,587
Grants paid
$0
Program service revenue
$1,071,682
Investment income
$506,118
Other revenue
$1,781,615
Total assets, end of year
$20,771,910
Total liabilities, end of year
$8,007,980
Net assets or fund balances, end of year
$12,763,930
Program services expenses (Part IX)
$6,085,704
Management and general expenses
$1,981,378
Fundraising expenses
$658,472
Program service expenses (Part III)
$6,085,704

Program services were 69.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,970,587

  • 1g · Noncash contributions included above

    $17,777

  • 2a · Program service revenue: TICKET SALES

    total $1,071,682 · excluded $1,071,682

  • 3 · Investment income

    total $506,118 · excluded $506,118

  • 6a · Gross rents

    real property $288,916 · personal property $71,823

  • 6c · Rental income or loss

    real property $288,916 · personal property $71,823

  • 6d · Net rental income or loss

    total $360,739 · excluded $360,739

  • 11a · Other revenue: PORTLAND THEATER INCOME

    total $1,388,826 · excluded $1,388,826

  • 11b · Other revenue: MISC INCOME

    total $32,050 · excluded $32,050

  • 11e · Other revenue, total

    $1,420,876

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $294,307 · program services $175,331 · management and general $73,054 · fundraising $45,922

  • 7 · Other salaries and wages

    total $2,243,920 · program services $1,336,801 · management and general $556,993 · fundraising $350,126

  • 9 · Other employee benefits

    total $362,162 · program services $215,756 · management and general $89,897 · fundraising $56,509

  • 10 · Payroll taxes

    total $246,685 · program services $146,961 · management and general $61,233 · fundraising $38,491

  • 11c · Fees: accounting

    total $117,109 · management and general $117,109

  • 11g · Fees: other

    total $162,057 · program services $79,006 · management and general $83,051

  • 12 · Advertising and promotion

    total $411,421 · program services $283,342 · fundraising $128,079

  • 13 · Office expenses

    total $316,144 · program services $76,879 · management and general $216,063 · fundraising $23,202

  • 16 · Occupancy

    total $260,779 · program services $174,116 · management and general $86,663

  • 17 · Travel

    total $223,584 · program services $96,039 · management and general $112,088 · fundraising $15,457

  • 20 · Interest

    total $173,575 · management and general $173,575

  • 22 · Depreciation, depletion and amortization

    total $38,803 · management and general $38,803

  • 23 · Insurance

    total $109,026 · program services $27,083 · management and general $81,943

  • 24a · Other expenses: PERFORMANCE COSTS

    total $3,267,494 · program services $3,267,494

  • 24b · Other expenses: OTHER EXPENSES

    total $498,488 · program services $206,896 · management and general $290,906 · fundraising $686

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,672 · end of year $437,130

  • 2 · Savings and temporary cash investments

    beginning of year $93,052 · end of year $93,052

  • 3 · Pledges and grants receivable

    beginning of year $3,650 · end of year $70,743

  • 9 · Prepaid expenses and deferred charges

    beginning of year $208,990 · end of year $176,271

  • 10a · Land, buildings and equipment: cost or other basis

    $2,855,376

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,432,900

  • 10c · Land, buildings and equipment, net

    beginning of year $461,279 · end of year $422,476

  • 15 · Other assets

    beginning of year $27,067,245 · end of year $19,572,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $205,049 · end of year $181,666

  • 19 · Deferred revenue

    beginning of year $1,628,743 · end of year $268,732

  • 23 · Secured mortgages and notes payable

    beginning of year $2,102,659 · end of year $2,050,658

  • 24 · Unsecured notes and loans payable

    end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $2,485,608 · end of year $4,506,924

  • 27 · Net assets without donor restrictions

    beginning of year $15,643,735 · end of year $10,203,305

  • 28 · Net assets with donor restrictions

    beginning of year $5,897,094 · end of year $2,560,625

Mission and programs · 2022

Mission

WE GATHER AND INSPIRE AUDIENCES, ARTISTS, AND COLLABORATORS TO CREATE SHARED OPERA EXPERIENCES THAT ENLIVEN AND CONNECT US ALL, ENHANCING THE CULTURAL LANDSCAPE OF THE BEAUTIFUL PACIFIC NORTHWEST.

  • PORTLAND OPERA EXISTS TO INSPIRE, CHALLENGE AND UPLIFT OUR AUDIENCES BY CREATING PRODUCTIONS OF HIGH ARTISTIC QUALITY THAT CELEBRATE THE BEAUTY AND BREADTH OF OPERA. ON AND BEYOND THE STAGE, WE SHARE OPERA WITH MORE THAN 400,000 PEOPLE ANNUALLY THROUGH FREE CONCERTS, PREVIEWS, LECTURES, BROADCASTS AND OTHER COMMUNITY PROGRAMS, INCLUDING EDUCATION EFFORTS THAT REACH MORE THAN 25,000 YOUNG PEOPLE. THE COMPANY IS ALSO A LEADER IN THE DEVELOPMENT OF NEW OPERA TALENT, WITH PORTLAND OPERA RESIDENT ARTISTS PROGRAM, CONSIDERED ONE OF THE FINEST PROFESSIONAL RESIDENCIES FOR EARLY- CAREER OPERA SINGERS IN THE NATION. THE COMPANY WORKS CLOSELY WITH SCHOOLS TO PROVIDE EDUCATIONAL AND OUTREACH OPPORTUNITIES FOR CERTAIN SHOWS, INCLUDING BACKSTAGE TOURS, "CHAT BACKS" WITH CAST MEMBERS, MASTER CLASSES, AND RELATED ACTIVITIES IN ADDITION TO STUDENT GROUP AND RUSH TICKET DISCOUNTS. OUR GROUP SALES DEPARTMENT WORKS CLOSELY WITH A NUMBER OF NOT- FOR-PROFIT ORGANIZATIONS ON GALA AND BENEFIT EVENTS.

    Expenses $6,085,704 · Revenue $1,071,682

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SUSAN DIXON

    GENERAL DIRE

    Total calculated
    $164,149
    From this org
    $157,725
    From related orgs
    $0
    Other
    $6,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,725
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,424
    Filer's total
    $164,149

  • RICHARD SEALS

    CFO

    Total calculated
    $130,158
    From this org
    $130,158
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KREGG ARNSTON

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • LINDA BROWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • MATTHEW ESSIEH

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • KATHERINE DE LA FOREST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • MICHELLE GLASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • JAMEY HAMPTON

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • HUGH HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • JR KAMRA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • CHRISTINE LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • CAROLE MORSE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • DAVID OWENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • LARRY ROPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • PAUL SNYDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • DR CURTIS THOMPSON

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1.5 + 0.5 related

  • KATHRYN WHEELER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

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

None.

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 May 2024
IRS schema version
2022v5.0
Source object
202411369349317351

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