Seattle Opera

“The seattle opera executive committee is made up of seattle opera board members who are board officers, including the chairs of all required board committees. The executive committee can act on behalf of the board in most circumstances, except where limited in the bylaws.”

“A pdf of the final draft of the 990 and supporting schedules was provided to the audit committee and all board members for review and comment following preparation of the return by a public accounting firm and review by management. Schedule b is redacted from the 990 provided to the board, to preserve confidentiality of donors.”

“Each year, seattle opera board members complete and sign an annual conflict of interest statement. Reported conflicts are reviewed by the governance committee, which addresses the identified conflicts of interest as appropriate. Board members with any perceived conflict of interest recuse themselves from voting on related subjects.”

“The general director's compensation is determined by a portion of the independent executive committee, which consists of members of the board of directors. Additionally, the determination of the executive committee is reflected in the employment contract for the general director, which covers a five year period.”

“Seattle opera's governing documents, conflict of interest policy, and audited financial statements are available to the public upon request.”

“Seattle opera volunteers include board members, subscribers, patrons, and members of the public. During the year ending 6/30/23, 129 volunteers contributed an estimated 18,500 hours to seattle opera.”

“Artist fees: program service expenses 2,299,170. Management and general expenses 3,275. Fundraising expenses 0. Total expenses 2,302,445. Consultants: program service expenses 23,533. Management and general expenses 193,841. Fundraising expenses 54,536. Total expenses 271,910. Theater support: program service expenses 541,212. Management and general expenses 4,797. Fundraising expenses 82,726. Total expenses 628,735. All other: program service expenses 35,369. Management and general expenses 1,457. Fundraising expenses 1,551. Total expenses 38,377.”

“Change in value of pension and retirement 560,970. Change in value of trust instruments 114,822. Partnership book/tax difference -17,845.”