Civic Intelligence

Seattle Opera Foundation

990 • Fiscal year 2018 • EIN 91-1174712

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

363 Mercer StreetSeattle, WA 98109

(206) 389-7600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.34x

Higher debt load relative to revenue than 54% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

4th percentile

-51%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

59th percentile

4.7%

Faster asset growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$27,478,368

Up $1,221,446 (+4.7%) from 2017

Net Assets

Up

$27,073,643

Up $816,721 (+3.1%) from 2017

Liabilities

Up

$404,725

Up $404,725 from 2017

Revenue

Up

$1,183,842

Up $116,365 (+11%) from 2017

Expenses

Up

$1,792,247

Up $514,408 (+40%) from 2017

Net Income

Down

-$608,405

Down $398,043 (-189%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $23,203,392Liabilities 2011: $0Net Assets 2011: $23,203,3922011Assets 2012: $21,863,347Liabilities 2012: $0Net Assets 2012: $21,863,3472012Assets 2013: $23,248,751Liabilities 2013: $129,590Net Assets 2013: $23,119,1612013Assets 2014: $27,009,807Liabilities 2014: $356,567Net Assets 2014: $26,653,2402014Assets 2015: $26,239,118Liabilities 2015: $466,893Net Assets 2015: $25,772,2252015Assets 2016: $24,479,660Liabilities 2016: $0Net Assets 2016: $24,479,6602016Assets 2017: $26,256,922Liabilities 2017: $0Net Assets 2017: $26,256,9222017Assets 2018: $27,478,368Liabilities 2018: $404,725Net Assets 2018: $27,073,6432018Assets 2019: $27,474,132Liabilities 2019: $8,580Net Assets 2019: $27,465,5522019Assets 2020: $24,282,495Liabilities 2020: $2,844Net Assets 2020: $24,279,6512020Assets 2021: $30,519,746Liabilities 2021: $1,517Net Assets 2021: $30,518,2292021Assets 2022: $25,308,635Liabilities 2022: $0Net Assets 2022: $25,308,6352022Assets 2023: $27,233,252Liabilities 2023: $1,435Net Assets 2023: $27,231,8172023Assets 2024: $29,876,145Liabilities 2024: $0Net Assets 2024: $29,876,1452024Assets 2025: $31,971,942Liabilities 2025: $0Net Assets 2025: $31,971,9422025

Highlighted filing

2018

Assets$27,478,368
Liabilities$404,725
Net Assets$27,073,643

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $1,033,726Expenses 2011: $1,554,030Net Income 2011: -$520,3042011Expenses 2012: $1,760,0002012Expenses 2013: $1,761,6212013Revenue 2014: $3,064,904Expenses 2014: $1,856,371Net Income 2014: $1,208,5332014Revenue 2015: $1,414,493Expenses 2015: $2,075,917Net Income 2015: -$661,4242015Revenue 2016: $351,330Expenses 2016: $1,301,301Net Income 2016: -$949,9712016Revenue 2017: $1,067,477Expenses 2017: $1,277,839Net Income 2017: -$210,3622017Revenue 2018: $1,183,842Expenses 2018: $1,792,247Net Income 2018: -$608,4052018Revenue 2019: $2,262,641Expenses 2019: $1,797,715Net Income 2019: $464,9262019Revenue 2020: $1,020,021Expenses 2020: $3,818,787Net Income 2020: -$2,798,7662020Revenue 2021: $1,515,403Expenses 2021: $1,831,788Net Income 2021: -$316,3852021Revenue 2022: $469,845Expenses 2022: $2,215,495Net Income 2022: -$1,745,6502022Revenue 2023: -$191,256Expenses 2023: $1,441,592Net Income 2023: -$1,632,8482023Revenue 2024: $2,468,174Expenses 2024: $1,482,558Net Income 2024: $985,6162024Revenue 2025: $1,575,055Expenses 2025: $1,489,205Net Income 2025: $85,8502025

Highlighted filing

2018

Revenue$1,183,842
Expenses$1,792,247
Net Income-$608,405
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$6,064,675
Mission and Program Overview

Mission

To support seattle opera in pursuing its exempt purpose through contribution support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,067,416$27,329,576▲ $1,262,160
Accounts Receivable$95,692$47,014▼ $48,678
Total Assets$26,256,922$27,478,368▲ $1,221,446
Other Assets Total$93,814$101,778▲ $7,964
Liabilities
Accounts Payable and Accrued Expenses$0$404,725▲ $404,725
Total Liabilities$0$404,725▲ $404,725
Net Assets / Fund Balance
Permanently Rstr Net Assets$20,022,628$20,362,722▲ $340,094
Temporarily Rstr Net Assets$3,805,410$4,716,540▲ $911,130
Unrestricted Net Assets$2,428,884$1,994,381▼ $434,503
Total Net Assets Fund Balance$26,256,922$27,073,643▲ $816,721
Total Liabilities and Net Assets / Fund Balance$26,256,922$27,478,368▲ $1,221,446

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$26,256,922$332,130▲ $2,276,838-$27,073,644
2016$24,479,658$119,881▲ $2,935,220-$26,256,922
2015$25,772,225$108,570▼ $99,834-$24,479,658
2014$26,653,242$873,775▲ $321,125-$25,772,225
2013$23,119,161$1,750,824▲ $3,716,508-$26,653,242
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeffrey HannaPresident
James CullenVice President
Charles CosseBoard Member
Jay LapinBoard Member
Moya VazquezBoard Member
Steven PhelpsBoard Member
Sandy DunnBoard Member (until 8/17)
Anne RedmanSecretary
Michael TobiasonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$332,130
Program Service Revenue
$0
Investment Income
$851,712
Other Revenue
$0
All Other Contributions
$332,130
Change in Net Assets
$-608,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,781,539
Other Expenses$10,708
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,781,539--$1,781,539
Fees for Services Accounting-$5,575-$5,575
Fees for Services Legal-$3,640-$3,640
Insurance-$1,363-$1,363
Office Expenses-$115-$115
Fees for Service Investment Mgmnt Fees-$15-$15
Total Functional Expenses$1,781,539$10,708$0$1,792,247
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Seattle OperaSeattle, WA501(c)3Program Support$1,781,539
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A pdf of the final draft of the public disclosure copy of the 990, excluding schedule b contributors, and supporting schedules was provided to the seattle opera audit committee and all foundation board members for review and comment following preparation of the return by a public accounting firm and review by management. Since the seattle opera and seattle opera foundation financial statements are consolidated, the seattle opera audit committee takes responsibility for reviewing both the financial statements and the tax returns.

Form 990, Part VI, Section B, Line 12C

Board members review all real and potential conflicts of interest and take appropriate action to mitigate or eliminate them. Board members with any perceived conflict of interest recuse themselves from voting on related subjects.

Form 990, Part VI, Section C, Line 19

Governing documents are available to the public upon request.

Form 990, Part VI, Section B, Lines 13 and 14

Seattle opera foundation has no employees. Seattle opera employees perform work on behalf of the foundation and are subject to the seattle opera whistleblower and document retention policies.

Filing and Contact Details

Filer

Filer Name
Seattle Opera Foundation
EIN
91-1174712
Phone
2063897600
Address
363 MERCER STREET, SEATTLE, WA 98109

Signing Officer

Name
Jeffrey Hanna
Title
President
Phone
2063897600
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Hanna
Formed
1982
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

Firm
Moss Adams Llp
Address
2707 COLBY AVENUE SUITE 801, EVERETT, WA 98201
Preparer
Colleen Ramires
Phone
4252597227
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Seattle opera foundation was established in 1982 to hold, manage, and invest an endowment that exclusively benefits seattle opera. Contributions to the endowment are considered permanently restricted unless otherwise stipulated by the donor. The endowment includes purpose-restricted funds based on donor intent. Under a spending policy established by the foundation board, income from the investment of these funds supports either the general operations or specific programs of seattle opera, in accordance with donor stipulations.

PART X, LINE 2:

The internal revenue service (irs) has determined that seattle opera foundation is exempt from federal income tax under internal revenue service code section 501(c)3 except to the extent of unrelated business taxable income as defined under irc section 511 through 515.

Raw XML AppendixShowing 400 of 470 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0404725
IRS990/AccountsReceivableGrp/BOYAmt095692
IRS990/AccountsReceivableGrp/EOYAmt047014
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT SEATTLE OPERA IN PURSUING ITS EXEMPT PURPOSE THROUGH CONTRIBUTION SUPPORT.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0332130
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARISSA BETZ-ZALL
IRS990/BooksInCareOfDetail/PhoneNum02063897600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0363 MERCER STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SEATTLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd098109
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0332130
IRS990/CYGrantsAndSimilarPaidAmt01781539
IRS990/CYInvestmentIncomeAmt0851712
IRS990/CYOtherExpensesAmt010708
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-608405
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01792247
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01183842
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SEATTLE OPERA FOUNDATION DISTRIBUTIONS PROVIDE SUPPORT EXCLUSIVELY TO SEATTLE OPERA, AN INTERNAL REVENUE CODE 501(C)3 PUBLIC CHARITY, WHICH PRESENTED 39 MAINSTAGE OPERA PERFORMANCES, ATTRACTING AN AUDIENCE OF 87,717 IN MARION OLIVER MCCAW HALL. PLUS, OVER 750,000 PEOPLE LISTENED TO SEATTLE OPERA PROGRAMMING AND PERFORMANCES ON KING-FM'S RADIO STATION AND ONLINE STREAMING. EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS LED BY SEATTLE OPERA SERVED NEARLY 47,867 ADULTS, FAMILIES, STUDENTS, AND TEACHERS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01781539
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05575
IRS990/FeesForServicesAccountingGrp/TotalAmt05575
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03640
IRS990/FeesForServicesLegalGrp/TotalAmt03640
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt015
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt015
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFREY HANNA
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNE REDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL TOBIASON
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES COSSE
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVEN PHELPS
IRS990/Form990PartVIISectionAGrp/PersonNm6MOYA VAZQUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7SANDY DUNN
IRS990/Form990PartVIISectionAGrp/PersonNm8JAY LAPIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER (UNTIL 8/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0310717
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt01781539
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01781539
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01781539
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05191550
IRS990/GrossReceiptsAmt06064675
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01363
IRS990/InsuranceGrp/TotalAmt01363
IRS990/InvestmentIncomeGrp/ExclusionAmt0540995
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0540995
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026067416
IRS990/InvestmentsPubTradedSecGrp/EOYAmt027329576
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04880833
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT SEATTLE OPERA IN PURSUING ITS EXEMPT PURPOSE THROUGH CONTRIBUTION SUPPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026256922
IRS990/NetAssetsOrFundBalancesEOYAmt027073643
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0310717
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0310717
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01425126
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0115
IRS990/OfficeExpensesGrp/TotalAmt0115
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt093814
IRS990/OtherAssetsTotalGrp/EOYAmt0101778
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt020022628
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt020362722
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY HANNA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0119881
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01271000
IRS990/PYInvestmentIncomeAmt0947596
IRS990/PYOtherExpensesAmt06839
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-210362
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01277839
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01067477
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-608405
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0910760426
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd00
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01781539
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SEATTLE OPERA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01781539
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.07370
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt010707
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt026256922
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0332130
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027073644
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01781539
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02276838
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06837
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt024479658
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0119881
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt026256922
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01271000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02935220
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07223
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025772225
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0108570
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt024479658
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01294080
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-99834
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09917
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt026653242
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0873775
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025772225
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02066000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0321125
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt085251
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt023119161
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01750824
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt026653242
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01848000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03716508
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.75210
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SEATTLE OPERA FOUNDATION WAS ESTABLISHED IN 1982 TO HOLD, MANAGE, AND INVEST AN ENDOWMENT THAT EXCLUSIVELY BENEFITS SEATTLE OPERA. CONTRIBUTIONS TO THE ENDOWMENT ARE CONSIDERED PERMANENTLY RESTRICTED UNLESS OTHERWISE STIPULATED BY THE DONOR. THE ENDOWMENT INCLUDES PURPOSE-RESTRICTED FUNDS BASED ON DONOR INTENT. UNDER A SPENDING POLICY ESTABLISHED BY THE FOUNDATION BOARD, INCOME FROM THE INVESTMENT OF THESE FUNDS SUPPORTS EITHER THE GENERAL OPERATIONS OR SPECIFIC PROGRAMS OF SEATTLE OPERA, IN ACCORDANCE WITH DONOR STIPULATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT SEATTLE OPERA FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)3 EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTION 511 THROUGH 515.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.17420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01781539
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEATTLE OPERA
IRS990ScheduleI/RecipientTable/RecipientEIN0910760426
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0363 MERCER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SEATTLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd098109
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SEATTLE OPERA FOUNDATION HAS AN INDEPENDENT BOARD THAT MONITORS, INVESTS, AND DISTRIBUTES CONTRIBUTED FUNDS FOR SEATTLE OPERA'S GENERAL OPERATIONS AND SPECIFIC PROGRAMS BASED ON DONOR STIPULATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A PDF OF THE FINAL DRAFT OF THE PUBLIC DISCLOSURE COPY OF THE 990, EXCLUDING SCHEDULE B CONTRIBUTORS, AND SUPPORTING SCHEDULES WAS PROVIDED TO THE SEATTLE OPERA AUDIT COMMITTEE AND ALL FOUNDATION BOARD MEMBERS FOR REVIEW AND COMMENT FOLLOWING PREPARATION OF THE RETURN BY A PUBLIC ACCOUNTING FIRM AND REVIEW BY MANAGEMENT. SINCE THE SEATTLE OPERA AND SEATTLE OPERA FOUNDATION FINANCIAL STATEMENTS ARE CONSOLIDATED, THE SEATTLE OPERA AUDIT COMMITTEE TAKES RESPONSIBILITY FOR REVIEWING BOTH THE FINANCIAL STATEMENTS AND THE TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW ALL REAL AND POTENTIAL CONFLICTS OF INTEREST AND TAKE APPROPRIATE ACTION TO MITIGATE OR ELIMINATE THEM. BOARD MEMBERS WITH ANY PERCEIVED CONFLICT OF INTEREST RECUSE THEMSELVES FROM VOTING ON RELATED SUBJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEATTLE OPERA FOUNDATION HAS NO EMPLOYEES. SEATTLE OPERA EMPLOYEES PERFORM WORK ON BEHALF OF THE FOUNDATION AND ARE SUBJECT TO THE SEATTLE OPERA WHISTLEBLOWER AND DOCUMENT RETENTION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINES 13 AND 14
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0CHARITABLE REMAINDER TRUST (1)
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0710903362
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RETAIL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0SONG & DANCE LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0321 MERCER STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0SEATTLE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd098109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEATTLE OPERA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0910760426
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERA PERFORMANCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0363 MERCER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SEATTLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd098109
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03805410
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04716540
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026256922
IRS990/TotalAssetsEOYAmt027478368
IRS990/TotalAssetsGrp/BOYAmt026256922
IRS990/TotalAssetsGrp/EOYAmt027478368
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0332130
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$32.0$0.00$32.0$1.58$1.49$0.09
2024Detailed filing. Detailed filing data is available for this year.$29.9$0.00$29.9$2.47$1.48$0.99
2023Detailed filing. Detailed filing data is available for this year.$27.2$0.00$27.2$0.19$1.44$1.63
2022Detailed filing. Detailed filing data is available for this year.$25.3$0.00$25.3$0.47$2.22$1.75
2021Detailed filing. Detailed filing data is available for this year.$30.5$0.00$30.5$1.52$1.83$0.32
2020Detailed filing. Detailed filing data is available for this year.$24.3$0.00$24.3$1.02$3.82$2.80
2019Detailed filing. Detailed filing data is available for this year.$27.5$0.01$27.5$2.26$1.80$0.46
2018Detailed filing. Detailed filing data is available for this year.$27.5$0.40$27.1$1.18$1.79$0.61
2017Detailed filing. Detailed filing data is available for this year.$26.3$0.00$26.3$1.07$1.28$0.21
2016Detailed filing. Detailed filing data is available for this year.$24.5$0.00$24.5$0.35$1.30$0.95
2015Detailed filing. Detailed filing data is available for this year.$26.2$0.47$25.8$1.41$2.08$0.66
2014Detailed filing. Detailed filing data is available for this year.$27.0$0.36$26.7$3.06$1.86$1.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$0.13$23.1$1.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$0.00$21.9$1.76
2011Summary only. Only limited summary data is available for this year.$23.2$0.00$23.2$1.03$1.55$0.52