Los Angeles Opera Company
- Assets
- $90.3m
- Revenue
- $37.0m
- Investments
- $22.4m
- Employees
- 745
- Location
- Los Angeles, CA
- Founding
- 05/1960
- Data as of
- 06/2020
- EIN
- 95-2096402
Organization Overview
Los Angeles Opera Company is located in Los Angeles, CA. The organization was established in 1960. 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 06/2021, Los Angeles Opera Company employed 745 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Opera Company 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 06/2020, Los Angeles Opera Company generated $37.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $41.6m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LOS ANGELES OPERA COMPANY (LA OPERA) IS A NON-PROFIT ENTITY. SEE SCHEDULE O ORGANIZED TO PROVIDE AN OPPORTUNITY FOR ALL TO ENJOY THE RICH EMOTIONAL AND CULTURAL EXPERIENCE OF OPERA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERA: THE COMPANY PLANNED 36 OPERA PERFORMANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2021. DUE TO THE ONGOING COVID-19 PANDEMIC AND LOS ANGELES COUNTY HEALTH DEPARTMENT MANDATES, ALL PERFORMANCES WERE CANCELLED. THE COMPANY INCURRED NON-RECOVERABLE CANCELLATION AND POSTPONEMENT COSTS WHICH WERE PARTIALLY OFFSET BY PAYROLL PROTECTION PROGRAM FUNDING.
OTHER ARTISTIC PROGRAMS (RECITALS AND OFF GRAND): THE COMPANY PRESENTS OPERA IN A VARIETY OF LOCATIONS IN ORDER TO INCREASE ACCESSIBILITY, EXPAND THE AUDIENCE, AND PROMOTE THE ART FORM. THESE ACTIVITIES INCLUDE OUR "OFF GRAND" PROGRAM AND RECITALS FEATURING WORLD RENOWNED OPERA SINGERS. THE COMPANY HAD SCHEDULED NINE SUCH PERFORMANCES FOR THE FISCAL YEAR ENDED JUNE 30, 2021. THE COMPANY ALSO LAUNCHED A DIGITAL PLATFORM OFR PERFORMANCES WITH MORE THAN 150 PROGRAMS AIRED 7/1-20-6/30/21. DUE TO THE COVID-19 PANDEMIC, ALL IN-PERSON PERFORMANCES WERE CANCELLED. HOWEVER, LOS ANGELES COUNTY DEPARTMENT OF HEALTH RESTRICTIONS BEGAN TO EASE AND THE COMPANY PRESENTED ITS FIRST PUBLIC PERFORMANCE IN OVER A YEAR IN JUNE 2021. SEE SCHEDULE OTHE COMPANY WELCOMED A LIVE AUDIENCE TO THE DOROTHY CHANDLER PAVILION ON JUNE 6TH FOR A FREE CONCERT PERFORMANCE OF STRAVINSKY'S OEDIPUS REX. THE COMPANY INCURRED EXPENSES FOR PAYROLL, COVID COMPLIANCE, AND CONTRACTUAL OBLIGATIONS.
LA OPERA CONNECTS: THROUGH THIS PROGRAM, LAO OFFERS UNIQUE PROGRAMS, FOR STUDENTS, CHILDREN, FAMILIES, AND SENIOR CITIZENS ACROSS THE LOS ANGELES REGION. LAO CONNECTS SERVED MORE THAN 150,000 STUDENTS AND COMMUNITY MEMBERS THIS FISCAL YEAR THROUGH ITS DIGITAL PLATFORM. DURING THE 20-21 SEASON WE PARTNERED WITH 46 SCHOOLS AND 60 COMMUNITY PARTNERS INCLUDING HEALTHCARE ORGANIZATIONS, LIBRARIES, SENIOR CENTERS, VETERANS' SERVICE GROUPS AND MORE.
DOMINGO-COLBURN-STEIN YOUNG ARTIST PROGRAMTHE YOUNG ARTIST PROGRAM SEEKS TO SUPPORT AND DEVELOP THE CAREERS OF PROMISING SINGERS AND PIANISTS. THIS RESIDENCY PROGRAM PROVIDES EXTENSIVE TRAINING AND PERFORMANCE EXPERIENCE THROUGH MAIN-STAGE ROLES, COVER ROLES, CONCERTS AND OTHER PRODUCTIONS. DURING THE YEAR, TWELVE ARTISTS WERE GIVEN 46 MAIN-STAGE ASSIGNMENTS (ROLES, COVERS) ANDPERFORMED IN MORE THAN 24 RECITALS THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Koelsch Ex.officio Dir, Pres & CEO | OfficerTrustee | 40 | $381,832 |
James Conlon Ex.off.dir. See Sch. J Pt. Iii | Trustee | 20 | $330,833 |
John Nuckols Executive Vice President | Officer | 40 | $319,033 |
Diane Rhodes Bergman Vice President, Mktg & Comm | Officer | 40 | $216,370 |
Rupert Hemmings V.p., Artistic Planning | Officer | 40 | $213,686 |
Joshua Winograde Senior Director, Artisitc | 40 | $187,984 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
112 Beverly Llc Costume Shop Rent | 6/29/21 | $587,861 |
Amadeus Music Production Corp Artist | 6/29/21 | $330,833 |
Daz Investment Llc Warehouse - Storage | 6/29/21 | $228,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,107,839 |
| Investment income | $2,901,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $306 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,508 |
| Net Income from Fundraising Events | -$510,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,995,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,226,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,771,759 |
| Pension plan accruals and contributions | $1,238,464 |
| Other employee benefits | $1,931,775 |
| Payroll taxes | $1,711,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $762,720 |
| Fees for services: Accounting | $167,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $134,796 |
| Fees for services: Investment Management | $103,791 |
| Fees for services: Other | $2,558,944 |
| Advertising and promotion | $1,591,357 |
| Office expenses | $428,047 |
| Information technology | $171,186 |
| Royalties | $355,705 |
| Occupancy | $2,596,031 |
| Travel | $863,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,769 |
| Interest | $368,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $494,028 |
| Insurance | $295,983 |
| All other expenses | $0 |
| Total functional expenses | $41,560,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,708,519 |
| Accounts receivable, net | $3,190,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,082,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,395,921 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,187,025 |
| Total assets | $90,291,254 |
| Accounts payable and accrued expenses | $4,532,929 |
| Grants payable | $0 |
| Deferred revenue | $4,426,893 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,550,000 |
| Secured mortgages and notes payable | $6,280,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,789,822 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $71,501,432 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Los Angeles Opera Company has recieved totaling $157,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Marilyn Stein Family Foundation La Canada, CA PURPOSE: ANNUAL FUND | $142,000 |
Edward G Lewis And Marie E Lewis Charitable Foundation Los Angeles, CA PURPOSE: SUPPORT MUSIC | $10,000 |
Lindemann Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $22,395,921 |
| Earnings | $7,321,363 |
| Net Contributions | $1,080,000 |
| Other Expense | $1,048,182 |
| Ending Balance | $29,749,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Opera Association San Francisco, CA | $369,784,114 | $79,158,489 |
Los Angeles Opera Company Los Angeles, CA | $90,291,254 | $36,995,799 |
Broadway Sacramento Sacramento, CA | $29,155,113 | $19,599,136 |
San Diego Opera Association San Diego, CA | $16,926,315 | $9,586,984 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Merola Opera Program San Francisco, CA | $44,068,195 | $6,981,878 |
Southern Nevada Operating Engineers Journeyman & Apprentice Trng Trust Pasadena, CA | $24,160,853 | $2,787,324 |
Hawaii Opera Theatre Honolulu, HI | $9,881,133 | $2,939,876 |
Opera San Jose Incorporated San Jose, CA | $12,606,207 | $4,136,604 |
Long Beach Opera Long Beach, CA | $345,844 | $1,381,983 |
Woodland Opera House Inc Woodland, CA | $1,596,834 | $1,278,208 |