The Santa Fe Opera
- Assets
- $155.9m
- Revenue
- $33.1m
- Investments
- $20.8m
- Employees
- 672
- Location
- Santa Fe, NM
- Founding
- 11/2015
- Data as of
- 09/2022
- EIN
- 85-0131810
Organization Overview
The Santa Fe Opera is located in Santa Fe, NM. The organization was established in 2015. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Santa Fe Opera employed 672 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Santa Fe Opera is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Santa Fe Opera generated $33.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $31.2m during the year ending 09/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ENRICH AN UNDERSTANDING AND APPRECIATION OF THE OPERATIC ART FORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF THE NATION'S MOST IMPORTANT SUMMER FESTIVALS, THE SANTA FE OPERA IS PRAISED FOR ITS INNOVATIVE REPERTORY AND HIGH STANDARDS OF EXCELLENCE. THERE WERE APPROXIMATELY 64,149 ATTENDEES OF THE 2023 SEASON. THE 2023 SEASON INCLUDED A TOTAL OF 38 PERFORMANCES OF FIVE FULLY STAGED OPERAS, INCLUDING: "TOSCA," COMPOSED BY GIACOMO PUCCINI WITH LIBRETTO BY LUIGI ILLICA AND GUIUSEPPE GIASCOSA; "THE FLYING DUTCHMAN" COMPOSED BY RICHARD WAGNER; "RUSALKA," COMPOSED BYANTONIN DVORAK WITH LIBRETTO BY JAROSLAV KVAPIL; "PELLEAS ET MELISANDE," COMPOSED BY CLAUDE DEBUSSY WITH LIBRETTO BY MAURICE MAETERLINCK; AND THE WORLD PREMIERE OF A REVISED ORCHESTRATION OF LORFEO" COMPOSED BY CLAUDIO MONTEVERDE WITH LIBRETTO BY ALLESSANDRO STRIGGIO THE YOUNGER, REVISED ORCHESTRATION BY NICO MUHLY. IN ADDITION, THERE WERE TWO PERFORMANCES OF APPRENTICE SCENES PERFORMED BY THE SANTA FE OPERA SINGING APPRENTICES AND DESIGNED AND CREATED BY THE SANTA FE OPERA TECHNICAL APPRENTICES.
THE SANTA FE OPERA'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS COMPLETED A RETURN TO IN PERSON MODE WHILE MAINTAINING A VIRTUAL PRESENCE. DURING THE OPERA'S 2023 FISCAL YEAR, OVER 30,000 INDIVIDUALS WERE SERVED IN-PERSON AND VIRTUALLY, INCLUDING 22,100 ADULTS AND 4,200 YOUTHS IN PERSON. ADDITIONALLY, 620 VOLUNTEERS ENGAGED WITH THE OPERA BOTH ON SITE AND IN SURROUNDING COMMUNITIES CONTRIBUTING 11,938 VOLUNTEER HOURS. DURING THE FALL OF 2022, THE OPERA PRODUCEDTHE WORLD PREMIERE OF THE THIRD COMMISSION OF ITS OPERA FOR ALL VOICES PROGRAM, "THIS LITTLE LIGHT OF MINE", COMPOSED BY CHANDLER CARTER WITH LIBRETTO BY DIANA SOLOMON GLOVER. IN RECOGNITION OF THE 50TH ANNIVERSARY OF THE PUEBLO OPERA PROGRAM A DOCUMENTARY FILM ON THE HISTORY OF THE PROGRAM PREMIERED IN THE SUMMER OF 2023. ON-GOING DIGITAL PROGRAMMING INCLUDES THREE SEGMENTS OF A VIRTUAL BACKSTAGE TOUR AND THE OPERA INSIGHT SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan G Marineau Chairman | OfficerTrustee | 5 | $0 |
Frederick R Haas Vice Chairman | OfficerTrustee | 5 | $0 |
John M Haupert Treasurer | OfficerTrustee | 5 | $0 |
Robert Vladem First Vice President | OfficerTrustee | 5 | $0 |
Sarah Billinghurst Solomon Vice President | OfficerTrustee | 5 | $0 |
Eugene Stark Jr Vice President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masterpiece Cuisine Catering | 9/29/23 | $430,378 |
Michael Trujillodba Michael's Valet Transportation/parking | 9/29/23 | $159,656 |
Axces Health Llc Covid Testing | 9/29/23 | $1,072,365 |
Cpc Neutek Printing/mailing | 9/29/23 | $278,020 |
Mark Wipf Llc Network Admin | 9/29/23 | $153,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $576,517 |
| Related organizations | $0 |
| Government grants | $3,940,113 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,112,280 |
| Noncash contributions included in lines 1a–1f | $967,681 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,628,910 |
| Total Program Service Revenue | $10,913,077 |
| Investment income | $3,163,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $291,852 |
| Net Gain/Loss on Asset Sales | $2,569,522 |
| Net Income from Fundraising Events | $13,309 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,043 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,145,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $986,600 |
| Compensation of current officers, directors, key employees. | $399,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,129,829 |
| Pension plan accruals and contributions | $169,883 |
| Other employee benefits | $1,090,900 |
| Payroll taxes | $827,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,657 |
| Fees for services: Accounting | $58,468 |
| Fees for services: Lobbying | $22,575 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $377,346 |
| Fees for services: Other | $6,414,478 |
| Advertising and promotion | $427,442 |
| Office expenses | $1,269,492 |
| Information technology | $607,435 |
| Royalties | $31,680 |
| Occupancy | $666,105 |
| Travel | $2,665,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,171 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,482,421 |
| Insurance | $414,102 |
| All other expenses | $213,783 |
| Total functional expenses | $31,184,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,324,971 |
| Savings and temporary cash investments | $1,465,619 |
| Pledges and grants receivable | $12,557,721 |
| Accounts receivable, net | $518,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $135,929 |
| Prepaid expenses and deferred charges | $1,254,399 |
| Net Land, buildings, and equipment | $44,500,843 |
| Investments—publicly traded securities | $69,867,976 |
| Investments—other securities | $20,798,744 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $452,400 |
| Total assets | $155,877,411 |
| Accounts payable and accrued expenses | $1,457,533 |
| Grants payable | $0 |
| Deferred revenue | $1,240,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,345 |
| Total liabilities | $2,832,807 |
| Net assets without donor restrictions | $58,965,144 |
| Net assets with donor restrictions | $94,079,460 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $155,877,411 |