The Santa Fe Opera FY2021 filing

Tax-deductible

Santa Fe, NM501(c)(3)Since 1957Arts & CultureEIN 85-0131810Revenue $58.6M in FY2021

On file with the IRSsantafeopera.org301 Opera Dr, 87506-2823 · Santa Fe, NMTax-exempt since Nov 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To further the operatic art form by presenting ensemble performances of the highest quality in a varied repertoire of new as well as rarely performed and standard works, to ensure excellence of opera's future through its apprentice programs for artists, technicians and arts administrators, and to foster and enrich an understanding and appreciation for Opera in the community by outreach to a diverse public.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $10.3M a year · 27% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $615K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.4M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
44
of 44 voting members
Looks good: 44 of 44 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58.6M
+139% vs prior year
Spent
$26.8M
To programs
74%
Net assets
$173.0M
By yearFY2020–FY2024
Revenue
$58.6M
FY2021▲ +139%
Tap a bar for its year
Revenue by fiscal year
FY2020$24.5M
FY2021$58.6M
FY2022$33.1M
FY2023$37.3M
FY2024$35.1M
FY2024$42.1M
Expenses
$26.8M
FY2021▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.4M
FY2021$26.8M
FY2022$31.2M
FY2023$31.0M
FY2024$31.8M
FY2024$32.4M
Net assets
$173.0M
FY2021▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$132.9M
FY2021$173.0M
FY2022$153.0M
FY2023$165.9M
FY2024$188.4M
FY2024$210.6M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $19.8M Management & general 18% · $4.9M Fundraising 8% · $2.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

57 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
General Director
$479,942Pt VII · Sec A
Artistic Admin (thru Dec 2020)
$206,590Pt VII · Sec A
Chief Financial Officer
$188,862Pt VII · Sec A
Music Director
$171,346Pt VII · Sec A
Director of Development
$150,108Pt VII · Sec A
Artistic Director
$150,000Pt VII · Sec A
Director of Institutional Giving
$139,598Pt VII · Sec A
Director of Operations
$122,503Pt VII · Sec A

Robert Meya’s $550K as General Director is at the 82nd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Robert Meya$550,058$530,961$535,293$523,671$479,942$404,578
Harry Bicket$258,154$263,654$255,000$288,846$171,346$211,846
Heather Kemp$223,610$207,396$204,374$198,810$188,862$181,684
Bradley Woolbright Dir of————$206,590—
Paul Horpedahl—————$201,456
David Lomeli$188,871$189,260$197,682$130,073——
Bradley Woolbright—————$188,897
Allison Swenson——$179,596$160,108$150,108$140,086

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Santa Fe Opera executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents world-class operatic performances while fostering appreciation for the art form through educational school residencies, teacher training, and broad community engagement programs.

Provided by the organization

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2 programs · $19.8M · in their own filed words · FY2020
01

One of the nation's most important summer festivals, the santa fe opera is praised for its innovative repertory and high standards of excellence. After the cancellation of the 2020 season due to state public health orders limiting mass gatherings and public performances, the 2021 opera season returned with limited seating and a modified…

$19.1Mprogram expense
02

The santa fe opera's education and community engagement programs were modified this year following public health orders issued in march 2020. During the opera's 2021 fiscal year, 58,593 individuals were served in-person and virtually, including 845 adults and 1,025 youths in-person.

$739Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$58.6M
Ln 12
Gifts and grantsLn 1h$42.9M
Investment incomeLn 3$9.2M
Fees for servicesLn 2g$5.9M
Money outPt IX
$26.8M
Ln 25
Programscol B$19.8M
Managementcol C$4.9M
Fundraisingcol D$2.1M
Owns and owesPt X
$173.0M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$178.5M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
57
listed · VII A
PaidVII A9
Voting boardVI 1a44
IndependentVI 1b44
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42.9M
Government grantsLn 1e$5.6M
Noncash giftsLn 1g$2.2M
Fundraising eventsLn 1c$562K
Fees for servicesLn 2g$5.9M
Investment incomeLn 3$9.2M
Other incomeLn 4–11$481K
Gains on assetsLn 7$7.4M
Total revenueLn 12$58.6M
Assets in detailPt X, end of year
SavingsLn 2$4.4M
Cash and savings togetherLn 1–2$4.4M
InvestmentsLn 11–13$106.0M
Land, buildings, equipmentLn 10c$46.9M
Other assetsLn 15$442K
Total assetsLn 16$178.5M
LiabilitiesLn 26$5.4M
Net assetsLn 32$173.0M
OperationsPt I, VI
EmployeesI 5710
VolunteersI 6465
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.4M$4.4M
InvestmentsLn 11–13$61.2M$106.0M
Land, buildings, equipmentLn 10c$50.7M$46.9M
Total assetsLn 16$137.5M$178.5M
LiabilitiesLn 26$4.6M$5.4M
Net assetsLn 32$132.9M$173.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$994K$255K$390K$348K
Other salaries and wagesLn 7$8.6M$6.6M$1.2M$810K
Pension plan contributionsLn 8$130K$88K$27K$15K
Other employee benefitsLn 9$953K$634K$190K$128K
Payroll taxesLn 10$925K$716K$114K$94K
Legal feesLn 11b$243K$243K
Accounting feesLn 11c$45K$45K
Lobbying feesLn 11d$13K$13K
Investment management feesLn 11f$186K$186K
Other fees for servicesLn 11g$5.9M$4.8M$797K$294K
Advertising and promotionLn 12$307K$305K$497$1K
Office expensesLn 13$725K$386K$125K$214K
Information technologyLn 14$348K$162K$127K$59K
RoyaltiesLn 15$180K$180K
OccupancyLn 16$758K$617K$102K$38K
TravelLn 17$1.9M$1.9M$27K$17K
Travel and entertainment for public officialsLn 18$224$224
Conferences, conventions and meetingsLn 19$6K$4K$2K$262
InterestLn 20$48K$48K
Depreciation, depletion and amortizationLn 22$2.5M$1.6M$914K$2K
InsuranceLn 23$349K$113K$236K
Other expenses (24a–d)Ln 24$1.5M$1.3M$61K$78K
All other expensesLn 24e$209K$178K$14K$17K
Total functional expensesLn 25$26.8M$19.8M$4.9M$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $35.1M$31.8M$3.3M$188.4M 990 PDF
FY2023 $37.3M$31.0M$6.3M$165.9M 990 PDF
FY2022 $33.1M$31.2M$2.0M$153.0M 990 PDF
FY2021 Viewing $58.6M$26.8M$31.8M$173.0M 990 PDF
FY2020 $24.5M$16.4M$8.2M$132.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $58,576,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,811,936$42,939,303
I-9 Program service revenuePrior year $134,705$5,910,498
I-10 Investment incomePrior year $3,660,541$9,246,125
I-11 Other revenuePrior year −$69,798$480,848
I-12 Total revenuePrior year $24,537,384$58,576,774
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,650,637$11,621,063
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,735,486$15,162,623
I-18 Total expensesPrior year $16,386,123$26,783,686
I-19 Revenue less expensesPrior year $8,151,261$31,793,088
Part VI · Governance 44 of 44 board members independent, no flags
VI-1a Voting members of the governing body44
VI-1b Independent voting members44
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $58,576,774 across 12 lines filed
Lines not itemized here account for $218,009 of total revenue; see the IRS return.
VIII-1c Fundraising events$561,904
VIII-1e Government grants$5,559,337
VIII-1f All other contributions, gifts and grants$36,818,062
VIII-1g Noncash contributions (included above)$2,240,285
VIII-1h Total contributions, gifts and grants$42,939,303
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,895,407 · Unrelated business $15,091$5,910,498
VIII-3 Investment incomeUnrelated business $1,106 · Excluded from tax $1,814,320$1,815,426
VIII-6 Net rental income or lossExcluded from tax $21,729$21,729
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,430,699$7,430,699
VIII-8 Net income from fundraising eventsExcluded from tax −$7,496−$7,496
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $248,606$248,606
VIII-12 Total revenueRelated to mission $5,951,308 · Unrelated business $242,136 · Excluded from tax $9,444,027$58,576,774
Part IX · Statement of functional expenses $26,783,686 across 23 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $255,126 · Management $390,359 · Fundraising $348,478$993,963
IX-7 Other salaries and wagesPrograms $6,619,411 · Management $1,190,440 · Fundraising $809,772$8,619,623
IX-8 Pension plan contributionsPrograms $88,488 · Management $27,016 · Fundraising $14,512$130,016
IX-9 Other employee benefitsPrograms $634,314 · Management $190,444 · Fundraising $127,946$952,704
IX-10 Payroll taxesPrograms $716,382 · Management $113,933 · Fundraising $94,442$924,757
IX-11b Legal feesManagement $243,140$243,140
IX-11c Accounting feesManagement $45,227$45,227
IX-11d Lobbying feesManagement $13,013$13,013
IX-11f Investment management feesManagement $186,155$186,155
IX-11g Other fees for servicesPrograms $4,809,068 · Management $797,003 · Fundraising $293,617$5,899,688
IX-12 Advertising and promotionPrograms $305,038 · Management $497 · Fundraising $1,277$306,812
IX-13 Office expensesPrograms $385,604 · Management $125,010 · Fundraising $213,916$724,530
IX-14 Information technologyPrograms $162,086 · Management $126,984 · Fundraising $58,932$348,002
IX-15 RoyaltiesPrograms $179,514$179,514
IX-16 OccupancyPrograms $617,350 · Management $101,891 · Fundraising $38,431$757,672
IX-17 TravelPrograms $1,861,412 · Management $26,826 · Fundraising $16,556$1,904,794
IX-18 Travel and entertainment for public officialsManagement $224$224
IX-19 Conferences, conventions and meetingsPrograms $4,073 · Management $1,721 · Fundraising $262$6,056
IX-20 InterestManagement $48,227$48,227
IX-22 Depreciation, depletion and amortizationPrograms $1,550,282 · Management $913,984 · Fundraising $1,639$2,465,905
IX-23 InsurancePrograms $113,040 · Management $236,091$349,131
IX-24 Other expenses (24a–d)Programs $1,335,867 · Management $60,845 · Fundraising $78,440$1,475,152
IX-24e All other expensesPrograms $178,285 · Management $13,908 · Fundraising $17,188$209,381
IX-25 Total functional expensesPrograms $19,815,340 · Management $4,852,938 · Fundraising $2,115,408$26,783,686
Part X · Balance sheet $178,454,896 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $5,408,757$4,412,245
X-3 Pledges and grants receivableStart of year $17,050,702$18,633,085
X-4 Accounts receivableStart of year $475,804$476,188
X-8 Inventories for sale or useStart of year $149,565$134,042
X-9 Prepaid expenses and deferred chargesStart of year $2,140,770$1,546,508
X-10c Land, buildings and equipment, netStart of year $50,670,853$46,857,976
X-11 Publicly traded securitiesStart of year $56,109,120$96,785,699
X-12 Other securitiesStart of year $5,061,250$9,166,753
X-15 Other assetsStart of year $472,400$442,400
X-16 Total assetsStart of year $137,539,221$178,454,896
X-17 Accounts payable and accrued expensesStart of year $790,550$938,321
X-19 Deferred revenueStart of year $1,154,587$460,248
X-25 Other liabilitiesStart of year $193,768$4,016,861
X-26 Total liabilitiesStart of year $4,590,284$5,415,430
X-27 Net assets without donor restrictionsStart of year $58,254,700$62,762,834
X-28 Net assets with donor restrictionsStart of year $74,694,237$110,276,632
X-32 Total net assets or fund balancesStart of year $132,948,937$173,039,466
X-33 Total liabilities and net assetsStart of year $137,539,221$178,454,896
Part XI · Reconciliation of net assets $173,039,466 net assets at year end
XI-1 Total revenue$58,576,774
XI-2 Total expenses$26,783,686
XI-3 Revenue less expenses$31,793,088
XI-4 Net assets at start of year$132,948,937
XI-5 Net unrealized gains (losses) on investments$8,127,911
XI-9 Other changes in net assets$169,530
XI-10 Net assets at end of year$173,039,466

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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