Pacific Opera Project Incorporated

“The executive committee consists of the current officers, the ceo ex officio, and the most recent past president. They may convene between board meetings if necessary and have the authority to vote on behalf of the board.”

“The form 990 is prepared by management in coordination with the organization's independent accountant. The finance committee reviews the completed return and approves it. The board of directors is provided an opportunity to review the form 990 prior to filing.”

“No director or officer of the corporation shall enter into any contract or transaction with the corporation, directly or indirectly through a family member or related third-party without prior full disclosure to the board of directors of his or her interest in such contract or transaction. No director shall vote in any decision regarding any contract or transaction of the corporation in which such director, directly or indirectly through a family member or related third-party, has a financial interest. Requirements to authorize interested party transactions: the corporation may be a party to a transaction in which all of the following is true: (i) the corporation enters into the transaction for its own benefit; (ii) the transaction is fair and reasonable to the corporation at the time the transaction is entered into; (iii) prior to consummating the transaction or any part thereof, the board of directors authorizes or approves the transaction in good faith, by a vote of a majority of directors then in office (without counting any interested director), and with knowledge of the material facts concerning the transaction and the interested director's or officer's financial interest in the transaction; (iv) prior to authorizing or approving the transaction, the board of directors considers and in good faith determines after reasonable investigation that the corporation could not obtain a more advantageous arrangement with reasonable effort under the circumstances; and (v) the minutes of the board of directors meeting at which such action was taken reflect that the board of directors considered and made the findings”

“The board of directors periodically reviews and approves the compensation of the chief executive officer and key employees using comparable market data from similar organizations. This is reflected in the board minutes. Staff compensation is reviewed annually by executive leadership and is informed by comparability data and organizational performance and is documented during the annual budgeting process. The process described here was last completed in 2026.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Copies of these documents may be obtained by contacting the organization by email at [email protected].”

“During the year, the organization launched a new educational program, cuentos cantados!, a spanish-language in-school opera residency serving elementary students with bilingual music education. This program expands the organization's educational and community engagement services and increases access to opera for underserved audiences.”

“This process has not changed from prior year”