Annual Report 2009

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Photo: Matthew Staver

Annual Report 2009

Opera Colorado’s 2009 Gala with Pamela Armstrong, soprano; Julian Gavin, tenor; the Opera Colorado Young Artists, and special guest host Lee Meriwether.

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Contents 5 Introduction 6 The Board 8 The Productions 12 Education & Community Programs 16 Volunteers & Patrons

Photo: Matthew Staver

22 Financials

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Photo: Matthew Staver

Photo: Matthew Staver

Message from the General Director

Dear Friends: Through this year’s record setting ticket sales and exceptionally strong subscription sales for the 2009-2010 Season, our patrons have sent us a strong endorsement which inspires our Board of Directors, staff, artists, volunteers and crew to respond to the needs and interests of our community with an even greater sense of commitment.

Each new season brings renewed excitement and unexpected challenges. I am pleased to say that in spite of the struggling economy of 2009, our subscription sales have exceeded our expectations and the generosity of our family of contributors continues to fill us with a sense of humility and gratitude. This combined support has enabled us to enter 2010 prepared for the opportunities and challenges of a new season.

Opera Colorado’s strength as a performing arts organization was further recognized by the corporate community for our service to the Denver Metro area. On May 6, 2009 Opera Colorado was presented with a Downtown Denver Partnership Achievement Award in recognition of our 25 years of artistic excellence and economic impact in Downtown Denver. This honor continues to inspire us to pursue another 25 years of service to the community through the presentation of world-class opera.

2009 was not without its challenges, and like opera companies across the nation, Opera Colorado has taken all of the necessary steps to reduce expenses while maintaining a high level of artistic quality. The Board and staff of Opera Colorado took this time as an opportunity: an opportunity to re-evaluate and invigorate our purpose within the community, the opportunity to find new and creative ways to talk about our programs and engage the community on a new level, and the opportunity to re-examine our finances to ensure that we remain a strong, vibrant artistic institution now and in the future.

As we plan for our future we realize that our strength lies in our community. Opera Colorado is strong because of our loyal subscribers, contributors, volunteers and the support of the Denver community.

Thank you,

Greg Carpenter General Director

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The Board On June 11, 2009 the Opera Colorado Board of Directors held its annual meeting to conduct regular business and elect two new officers: Ken Barrow as the Chairman-Elect, and Marcia Robinson as Board President. After five years of service in a leadership capacity, Jeremy Shamos completed has his two-year term as Board President and was replaced by long-time Opera Colorado supporter and Board Member Marcia Robinson. In 2009, Opera Colorado welcomed six individuals to serve their first three-year term on the Board of Directors: Bruce Allen, Liane Clasen, Dirk de Roos, Steve Marx, Alessandra Schulein, and Shirley Smith.

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Board Leadership Officers Sheila Bisenius — Chair* Kenneth Barrow — Chair-Elect* Marcia Robinson — President* Ellie Caulkins — Lifetime Honorary Chairman* Merrill Shields — Secretary* Tanya Mathews — Treasurer* Harry Sterling — Vice President, General Counsel* Carol Whitley — Vice President Committee Chairs Susan Adams — Co-Chair, Volunteers* Stephen Dilts — Co-Chair, Education and Community Programs* Joy Dinsdale — Co-Chair, Education and Community Programs* Michael Hughes — Chair, Development Committee* Charles Kafadar — President, Opera Colorado Foundation* Debra Tepper — Co-Chair, Volunteers* Martha Tracey — Chair, Director Relations* Larry Zimmer - Chair, Marketing Committee*

Directors Honorary Directors Jill Irvine Crow Nellie Mae Duman Jeremy Kinney Carla Lucero Kolomitz Debbie Lazarus Barbara McDonnell Susan Shamos Lifetime Honorary Director Loring W. Knoblauch * Denotes Member of the Executive Committee

Photo: Matthew Staver

Directors Bruce Allen Suzanne Bucy Elizabeth Carver Liane Clasen Dirk de Roos Hugh Grant Ursula Kafadar* Kalleen Malone William Maniatis Michael Marks Pamela Merrill Rhea Miller Muffy Moore Gerald Saul Jeremy Shamos Jeffrey Sherman Shirley Smith Robert Swift Byron Watson

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The 2009 Productions The three productions presented in 2009 were as diverse in staging as they were in story-line, yet all three were connected through the strong theme of love and desire. Opera Colorado was proud to present the Rocky Mountain premiere of Bizet’s exotic and vibrant opera The Pearl Fishers. Mozart’s Cosi fan tutte gave a lively mix of simplistic stage design and slap-stick comedy that engaged opera patrons. And for the first time in twenty-four years, Opera Colorado brought Offenbach’s The Tales of Hoffmann to the stage in a new and innovative production.

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February 14, 17, 20 & 22, 2009 Ellie Caulkins Opera House Opera in Three Acts Composed by Georges Bizet Libretto by Eugène Cormon and Michael Carré Attendance: 7,354 Zurga Brian Mulligan Nadir Sean Panikkar Leïla Heidi Stober Nourabad David Cushing Sponsored by Bonfils-Stanton Foundation Dave and Pam Duke Mrs. Nathaniel C. Merrill Mr. and Mrs. Richard L. Robinson Conductor Sebastian Lang-Lessing Stage Director Andrew Sinclair Assistant Director Diane Lin Set and Costume Designer Zandra Rhodes Choreographer John Malashock Assistant Choreographer Michael Mizerany Lighting Design Ron Vodicka Chorus Master John Baril Wig & Makeup Ronell Oliveri Production Manager Hally Albers Stage Manager Chelsea Antrim Assistant Stage Manager Whitney Martin Photo Credit: Matthew Staver

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April 25 & 28, May 1 & 3, 2009 Ellie Caulkins Opera House Opera in Three Acts Composed by Wolfgang Amadeus Mozart Libretto by Lorenzo da Ponte Attendance: 8,036 Ferrando Norman Reinhardt Guglielmo Jacques Imbrailo Don Alfonso Dale Travis Fiordiligi Nicolle Foland Dorabella Leah Summers Despina Susanne Mentzer Sponsored by Mike and Julie Bock Tanya R. Mathews Conductor Carlo Montanaro Stage Director James Robinson Assistant Director Elise Sandell Set Designer Allen Moyer Costume Designer David C. Woolard Lighting Design Duane Schuler Associate Lighting Designer Lee Fiskness Chorus Master John Baril Wig & Makeup Ronell Oliveri Production Manager Hally Albers Stage Manager Lauren Jones Assistant Stage Manager Claire Friday Photo Credit: Matthew Staver

Assistant Stage Manager Emily Murdock Page 10

November 7, 10, 13 & 15, 2009 Ellie Caulkins Opera House Opera in Five Acts Composed by Jacques Offenbach Libretto Jules Barbier Based on the play of Jules Barbier and Michael Carré Attendance: 6,284 The Muse/Nicklausse Katherine Rohrer Lindorf/Coppélius/Dr. Miracle/Dapertutto Gaétan Laperrière Andrés/Spalanzani Neal Ferreira Luther/Crespel Philip Skinner Nathanaël Brendan Daly Hermann Ted Federle Henri Meihac/Wolfram/Schlémil Alexander Scopino Wilhelm Lukas Graf Offenbach/Cochenille/Frantz/Pitichinaccio Matthew Di Battista Olympia/Antonia/Giulietta/Stella Pamela Armstrong Antonia’s Mother Julie Simson Dance Muse Donata Cucinotta Music Muse Julia Tobiska Sponsored by Merle Chambers and Hugh Grant Dave and Pam Duke Charles and Ursula Kafadar Marcia and Richard Robinson Bonfils-Stanton Foundation Conductor Emmanuel Joel-Hornak Stage Director/Choreographer Renaud Doucet Assistant Director Kathleen Stakenas Set and Costume Designer André Barbe Lighting Design Guy Simard Chorus Master John Baril Wig & Makeup Ronell Oliveri Photo Credit: Matthew Staver

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Education & Community Programs Educational programs reached a total of 23,290 schoolchildren from 125 Colorado schools and 8,642 adults in Colorado communities during the 20082008-2009 season, for a total impact of 31,932 individuals.

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Annual Scholarships Opera Colorado provided $4,435 in scholarships, allowing 2,255 students from 14 schools to attend Backstage Workshops, In-School Programs and Student Performances.

Student Performances Total Attended: 4,030 students from 52 schools Students attended the Final Dress Rehearsals of Madama Butterfly, The Pearl Fishers and CosĂŹ fan tutte as well as a student matinee of CosĂŹ fan tutte produced exclusively for students. Educators were provided with teaching materials to help tie opera into their curriculum in History, Foreign Languages, Language Arts, Drama, and Music. These materials assist the teacher in creating a more complete opera experience for his or her students.

Volunteers are an integral part of each programs success, this year, approximately 20 volunteers assisted at each student performance, helping with bus arrival and assigned group seating. The cost per child is $8.00, but we never turn a child away from any education activity due to inability to pay.

Backstage Workshops Total Attended: 925 Backstage Workshops let children learn first-hand about the skills needed to produce opera. The Ellie Caulkins Opera House becomes a living classroom as small groups of children move from station to station, learning about stage management, design, stage combat, singing, conducting, directing, wigs and make-up, costumes, sets and props.

There were a total of 12 volunteer docents per day for four days involved in these education activities. The company (including production staff, singers, chorus, and guest presenters) provided at least eight additional volunteers for each of these activities. The cost per child is $8.00.

Inquisitive schoolchildren enjoy lessons on how to conduct at one of the Ellie Caulkins Opera House Backstage Workshops.

Pre-Rehearsal and Performance Lectures Total Attended: 3,725 Student Dress Rehearsals: 600 people attended the pre-rehearsal lectures before each of the evening student dress rehearsals. Background details and information regarding the evening’s opera were presented 45 minutes prior to the rehearsal. The lectures were free to any student or adult attending the rehearsal.

Performance: 3,125 people attended the pre-performance lectures. Background details and information regarding the opera were presented 45 minutes prior to the performance. The lectures were free to anyone attending the performance.

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In School Programs Opera Colorado reached 15,480 students through the following outreach programs: Cinderella, The Music Shop, Arias and Ensembles, Opera Trunks, Residencies, Vocal Master Classes and the Alliance project.

Residencies Opera Colorado reached 245 students through the Let’s Make an Opera residency program. Guided by an artist-inresidence, students work collaboratively to write, compose and perform their own original opera. During this intensive program, students learn about writing a libretto, music composition, singing technique, performance skills and the elements of production. The process culminates with a final performance of the opera that they worked together to create.

Rossini’s Cinderella This outreach program was presented to 2,975 students at 8 performances. Complete with ugly stepsisters, a wicked step-father and a prince disguised as a servant, this abridged version of Rossini’s opera is popular with all ages. The piece is sung by six singers and accompanied by a pianist.

The Music Shop This outreach program reached 4,000 students at 13 performances and 400 adults in two community venues this year.

This one-act opera written by Richard Wargo incorporates a Chekhov short story, comedic action and musical quotes from popular operas (Carmen, Hansel and Gretel, The Barber of Seville, Pagliacci and others.) This work is sung by five singers and includes one supernumerary.

Opera Trunks This outreach program reached 2,180 students at ten schools this year. The Opera Trunk is filled with hands-on instructional materials for a teacher to prepare his or her students to attend the student matinee, student dress rehearsal or inschool performance. The program can also stand on its own as an arts education experience. This year we also implemented a Opera for Beginners trunk that offers an introduction to the art form. An Opera Colorado Opera Education specialist delivers the trunk to the classroom and presents a 45-minute hands-on workshop about the opera utilizing resources provided in the trunk. The teacher and students then have access to the trunk in the classroom for one week.

SCFD Alliance Project We have reached 2,845 students through the SCFD/SCC Alliance Project. The Alliance Project targets Middle Schools with an invitation for them to offer a challenge on how we can meet their educational needs. Combining the students and school’s needs with the talents and professional demands of SCFD Tier II organizations is a very large project.

Some of the programs we conducted this year were in-school performances, gender roles and stereotypes, teambuilding workshop, Shakespeare coachings, poetry performance, audience etiquette and career days. A new program we offered this year utilized our performance of Cinderella to incorporate studies on comparing and contrasting different versions of the fairy tale and opera as well as studies on character development.

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Teacher Programs Educators’ ight 300 Colorado teachers enjoyed free attendance to one of Opera Colorado’s three dress rehearsals: Madama Butterfly, The Pearl Fishers and Così fan tutte. Educator night at the opera is available to any currently employed teachers with limited availability. Tickets are mailed in advance and seating is general admission.

HD Met Collaboration More than 300 teachers from the Jefferson County School District attended a collaborative development seminar between the Education Departments of the Metropolitan Opera and Opera Colorado. Opera Colorado worked with these teachers on building opera education into their curriculum. As a training tool, these teachers were provided with tickets to each of the season’s dress rehearsals.

Audience Development Arias and Ensembles and Art Song Recitals This outreach program reached 5,030 students at 14 schools and 1,925 adults at 18 performances this year. This program consists of operatic arias, duets, trios and ensembles from Opera Colorado productions as well as other great operatic and musical theatre repertoire. The program is performed by our young artists and accompanied by a pianist. Art Song Recitals were duet recitals and took place in Denver and Boulder.

Other Special Events and Audience Development Performances this year included Season Previews, KVOD Opera 101, Fashion of Desire, Adam County Career Expo, Go Red Luncheon, Governor’s Mansion in Cheyenne, and Christmas at Governor’s Mansion in Denver.

Education and Community Programs Schoolchildren Impact Total Student Performances Lectures Backstage Workshops Outreach Programs Lectures Student Total

4,030 245 925 17,490 600 23,290

Education and Community Programs Adult Impact Total Teachers Programs Arias and Ensembles and Outreach programs Lectures The Music Shop Adult Total

600 4,517 3,125 400 8,642

Total 2008-2009 Season Impact

31,932

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Volunteers & Patrons Opera Colorado’s success is defined by the continuing support of each patron and our core of active volunteers.

Volunteers

Sandy Adams Stan Anderson Marianne Anderson Laurel Barasa Each season, patrons attend Eric Bard Donna Barrow more than 20 special events, volunteers staff numerous edu- Irene Betin Mary Bock-Zarlengo cation events at the opera Barbara Bower house, and generous individu- Terry Brandl als, corporations and foundaTimothy Burke Joan Camozzi tions contribute financially to Berdine Clumpus the Annual Fund.

Lisa Cobb Carrie Cook We acknowledge our loyal pa- Donald Coyne trons and volunteers for their Corliss Curtis invaluable support and dedica- Joyce de Roos Laura Duerksen tion to our mainstage operas Kim Eckhout and education programs.

Kenneth Eime Helen Erickson Victor Fabrizio Anna Ferrari Ryan Fitzgerald Sigrid Freese Teleri Gee Shoshone Hill Ashley Humrich Martin Hutt Stephanie Jackson James Johnston James Jorgensen Anthony Joy Robert Kahn Kyu Kahn Maryanne Kahng Kathleen Kelble Dean Klassen Susan Landers Gaynel Lankenau Steven Lawrence

Esther Liss Delvita Lovell Ruth Mandell Glen Dale Mast Elizabeth McCarthy Will McIntire Molly McQuilkin Rosemary Metzler Joanna Moldow Katharine Nejkauf Kathleen Ness Maria Neumann Jonathan O'Connell Marilyn Olen Christopher Olson Eldon O'Neal Frank Parce Melissa Parent Roger Parsell David Pessel Eva Phibbs Carrie Pierce

Charles Powell Donna Ries Dan Roath Khristine Rogers Lucinda Roses Richard Russo Ruth Schoening April Schweikhard Laura Scott Frances Seifert Frances Siciliano Patricia Skurnik Mary Stirling Jenene Stookesberry Agnes Tyl William Vigor Nicholas Wagner C. Warner Hildegard White Lynne Yancey Oz Zager Frank Zoske Page 16

Celebrate Opera

Clockwise from top left: Board member Tanya Mathews and Jason Melfi dancing at the 2009 Gala. Gala Chair Merrill Shields, Lifetime Honorary Board Chair Ellie Caulkins and Board President Marcia Robinson at the Gala.

Board member Pam Merrill and Mayor John Hickenlooper at the dedication of the Nathaniel Merrill Founders Room. Juan and Alicia Rodriguez speak with Board member Martha Tracey and her husband Will at the Director Circle Dinner. Pam and Dave Duke join Board member Shirley Smith with her husband Marlis at the Director Circle Dinner.

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Annual Fund Contributors 2009 Foundation, Corporate and Government Contributors Angel ($100,000+) Avenir Foundation The Citizens of the Scientific & Cultural Facilities District Composer ($50,000+) Boettcher Foundation Impresario ($20,000+) Bonfils-Stanton Foundation Chambers Family Fund The Colorado Trust Directed Contributions Program Gates Family Foundation HealthONE Galen & Ada Belle Spencer Foundation Director ($10,000+) Anonymous The Broadmoor CIBER, Inc. Colorado State Bank and Trust The Crawley Family Foundation The Denver Foundation Denver Post Charities Faegre & Benson LLP Virginia Hill Charitable Foundation Jeanne Land Foundation Mile High United Way Profit Planning Group Quinnette Family Fund Maestro ($5,000+) The Anschutz Foundation Colorado Council on the Arts Denver Lyric Opera Guild Fine Arts Foundation Ann & Gordon Getty Foundation Mabel Y. Hughes Charitable Trust Kinder Morgan Foundation Tulsa Community Foundation Wells Fargo Wittow Foundation Xcel Energy Foundation Diva ($2,500+) David B. and Gretchen E. Black Family Foundation Caulkins Family Foundation Denver Kiwanis Foundation James A. Dooley Foundation Fuller Family Fund The Garrett Family Foundation Jess & Rose Kortz and Pearl Rae Foundation Private Capital Management, Inc. The Schramm Foundation Synergy Fine Wines

Target Stores Comprimario ($1,000+) The Armstrong Foundation Carson-Pfafflin Family Foundation The Dobbins Foundation The Hunt Family Foundation The Ethan James Foundation Daniel and Janet Mordecai Foundation J. K. Mullen Foundation The Louis and Harold Price Foundation Priester Foundation The Publishing House William D. Radichel Foundation Chorister ($500+) Academy for Lifelong Learning Freeman Family Foundation Kanter Kallman Foundation Petrie-Bowen Charitable Trust University of Denver Aficionado ($250+) Anonymous Elmer F. Pierson Foundation Snyder Equipment Inc. In Kind Alphagraphics Mr. and Mrs. Evan Anderman Baronness Wines BNY Mellon Wealth Management Bouquets Broadway Music School Centerplate The Curtis Denver Percussion LLC Estate of Lynn Wulfing Joe Onofrio Piano Company Dr. and Mrs. Charles Kafadar Kevin Taylor's at the Opera House Local 7, IATSE Maggiano's Little Italy Rassman Design The Ritz-Carlton, Denver Sprint Press Denver Tiffany & Co. W. H. Smith Wines Wachovia Securities, LLC Wells Fargo Advisors The Westin Tabor Center Hotel Wine Connections, Inc. 2009 Gala Silent Auction Donors 186 Lighting Design Group Amtrak Black Tulip Antiques Carlsen Fine Interiors

Colorado Gold Mart Dan Sharp Luxury Outerwear Encantado Resort Eron Johnson Antiques Zoe Danae Falliers Hermes of Paris, Denver Hoff Miller Jay Feder Jewelers Matrix Fitness and Spa Neiman Marcus O'Keeffe CafĂŠ Ritz-Carlton, Bachelor Gulch San Francisco Opera Santacafe Simply Moore Thomas P. Matthews, Jr., Architect Ursula K Designs Westin Riverfront Resort & Spa

Crescendo Society The Crescendo Society recognizes those who have established a planned gift with Opera Colorado.

Charles Berberich and Marilyn Munsterman Ms. Sheila S. Bisenius Estate of Patricia B. Booth Libby Bortz Ellie Caulkins Sandra Corriere Michael and Sheryl DeGenring Dr. and Mrs. Daniel J. Greenholz Mrs. Donna Hamilton Senta G. Holzmann Estate Ms. Jane A. Hultin Ms. Patricia K. Johnson Estate of Suzanne W. Joshel Dr. and Mrs. Charles B. Kafadar Mr. and Mrs. Ron Kahn Estate of Roy G. Krug Ms. Carole Leight Deanna Rose Leino Estate of Betty Lewis Dr. and Mrs. Charles L. Lyford Janice McClary and Jan McNally Estate of Sophia Oka Quinette Family Fund Mrs. Lee Roberts Mary Ann Rose Mr. Stephen W. Seifert Mr. and Mrs. Robert Vanbuskirk Estate of Beverly Walker Dick and Jean Watt Mrs. Carol C. Whitley Roy Glen Wood Trust Estate of Ruth M. Zancanella Page 18

Annual Fund Contributors 2009 Individuals Muse ($250,000+) Ellie Caulkins

Byron Watson

Maestro ($5,000+)

Mrs. Sue M. Cannon Ms. Kathryn Codo Mary and Tom Conroy Mr. and Mrs. Robert Damrauer Stasia Davison Impresario ($20,000+) Diana W. and Mike Kinsey Anonymous Dr. and Mrs. Jeremy Lazarus Mr. and Mrs. Kenneth T. Barrow Ms. Rita I. Bass and Mr. William K. Coors Frank and Virginia Leitz Dr. Monica I. Minkoff and Mike and Julie Bock Mr. Harry M. Siegfried Mr. and Mrs. Chris Dinsdale Robert R. and Marty Montgomery Dave and Pam Duke Rene and Don Morgan Hugh A. Grant and Merle C. Chambers Mr. and Mrs. Craig A. Ponzio Ms. Hilja K. Herfurth Myra and Robert Rich Dr. and Mrs. Charles B. Kafadar Juan and Alicia Rodriguez Dr. and Mrs. William Maniatis Mr. and Mrs. George G. Shaw Mrs. Rhea Miller Ruth S. Silver Mr. and Mrs. Richard L. Robinson Linda and Paul Sinsar Mrs. Beatrice B. Taplin Jerry and Debi Tepper Mrs. Carol C. Whitley Director ($10,000+) Herbert L. and Sandra Wittow Mr. and Mrs. Jeffrey K. Adams Larry and Brigitte Zimmer Al and Rebecca Bates Ms. Sheila S. Bisenius Diva ($2,500+) Peyton and Suzanne Bucy Ed Altman and Dina Brudenell Altman Mr. Gregory A. Carpenter Mr. James L. Berggren and Dr. John and Elizabeth Carver Mr. Donald Bennett Noel and Thomas Congdon Robin E. Black Dr. Stephen Dilts Thomas and Virginia Carr James Donaldson and Ellen Anderman Mr. and Mrs. Robert B. Clasen Mr. and Mrs. C. Y. Harvey Mr. David Clayton and Ms. Martia Kontak Mary Sue and Bob Hawk Mr. and Mrs. John Fuller Harley and Lorraine Higbie Ms. Jennifer Garrett Mr. Michael Hughes and Mr. Robert S. Graham Ms. Karen L. Brody Honorable and Mrs. Kenneth Laff Mr. and Mrs. Jeremy F. Kinney Dr. and Mrs. Charles L. Lyford Mr. and Mrs. Robert J. Malone Beverly Anderson Nemiro Michael J. Marks Mr. and Mrs. George R. Ondeck Ms. Tanya R. Mathews Dr. Joe K. and Jill M. Ozaki Mrs. Jan P. Mayer Ms. Lisa Pinto and Mr. Paul Wimer Tom and Mary Meade Charles and Reta Ralph Ms. Muffy Moore and Mr. Al Minier Nijole and Walter Rasmussen Ms. Janet Mordecai Helen Santilli and Lyn Barber Mr. and Mrs. Leonard M. Perlmutter Mr. and Mrs. Russell Wilkins II Debra Perry and Jeff Baldwin Ann and Gerald Saul Comprimario ($1,000+) Mr. and Mrs. Benjamin Schulein Tucker and Daniel Adams Merrill Shields and M. Ray Thomasson Mr. and Mrs. Mark P. Addison Shirley and Marlis Smith Ms. Ursel K. Albers Patrick Spieles and Carol McMurry Mr. and Mrs. William D. Armstrong Mr. and Mrs. Harry Sterling Mr. Hartman Axley Mr. and Mrs. Robert Swift Mr. John E. Baril and Mr. Brian Cook Mr. and Mrs. Charles I. Thompson Jan and Charles Baucum The Toothfairy Brian Bennett and Bev Daniels Mr. and Mrs. William H. Tracey

Composer ($50,000+)

Mrs. Nathaniel C. Merrill Susan and Jeremy Shamos

Rene Blanchette Brian Bross and Bonnie Daniels Lew and Leslie Cady Mr. and Mrs. Douglas M. Cain Mark and Margaret Carson Mr. David I. Caulkins Mr. and Mrs. George Caulkins III Mr. John N. Caulkins Ms. Mary I. Caulkins and Mr. Karl Kister Mr. and Mrs. Maxwell Caulkins Sue and Harold Cohen G. Kevin and Virginia Conwick Aubrey Copeland, MD Mr. Ronald Covey Ze and Dick Deane Mr. Tyson Dines III Melinda and Peter Douglas Dr. and Mrs. Louis Duman Wilbur E. and Dr. Marilyn Flachman John and Celeste Fleming L. Richard and Sigrid Halvorson Freese Mr. and Mrs. George C. Gibson Sandra Hall and Jean Tutolo Deborah Hayes and James L. Martin III Drs. Marc Cohen and Kathryn Hobbs Ms. Carol A. Hoffman Eileen Honnen Mr. and Mrs. Robert J. Jennett Gary and Judith Judd Joe and Francine Kelso Mr. and Mrs. Taylor Kirkpatrick Mr. and Mrs. Edward J. Krisor Mr. and Mrs. Maurice A. Larue Jr. Ms. Carole Leight Paul and Carol Lingenfelter Mr. and Mrs. Harold R. Logan Jr. Jim and Carole McCotter Mr. Dominic L. Meylor Paul and Phyllis Miller Dr. and Mrs. Calvern E. Narcisi Bonnie C. Perkins Zondra Rae Pluss Bruce Polkowsky and William Powell Frederick Poppe, Jr. and Jana Edwards Mr. Thomas J. Powers Jr. Mr. and Mrs. John Priester Jack Race Steven and Joan Ringel Mr. and Mrs. Paul Roberts Jeffrey and Teresa Sherman Dr. and Mrs. Edwin R. Smith Rosemarie and James D. Voorhees Brian K. Thomson and Janet N. Moore Dick and Jean Watt Mr. and Mrs. Blair and Salina Whitaker Carol E. Wolf Jeri Zucherman Page 19

Chorister ($500+) Anonymous Mr. and Mrs. Donald J. Albright Marilyn and Jules Amer Stan and Marianne Anderson Ms. Sue Anschutz Rodgers Judy and Sol Bassow Peter Batty and Paula Kechichian Gregory Beattie and Stephanie Narcy Mr. and Mrs. Fredric H. Bender Mr. Mitchell Benedict III Drs. Tomas and Diane Berl Dr. Bill and Betty Buchanan Rogene and Sandy Buchholz Mr. and Mrs. James T. Bunch Judy and Duncan Burdick Bart and Jane Burnett Mr. and Mrs. Lawrence G. Carpenter Marjorie and Doug Carriger Mr. and Mrs. James A. Carty Professor Gerald W. Chapman Ronald and Donna Charlin Mr. and Mrs. Alan Charnes Ms. Judy Chiodo David and Joan Clark Mr. Robert I. Cohen and Ms. Gloria J. Lilly-Cohen Ms. Catherine P. Cole Dr. Robert Contiguglia Steve and Pat Corder Caroline Corkey and Jay Bollinger Mr. Christopher Crawford and Ms. Polly Warner Nancy Crow and Mark Skrotzki Ms. Cheryl M. Cruickshank Hope Curtis Carolyn E. Daniels Charles and Eleanor DePuy George and Yonnie Dikeou Ms. Jerri Modrall and Mr. Eric Doering T. J. Donahue Peter and Marian Downs Laurie and Ben Duke III Walter W. and Maryruth Y. Duncan Amy Feaster Jack Finlaw and Greg Movesian Dr. and Mrs. Larry S. Fisher Mr. and Mrs. Robert Follett Fredrick Fraikor and Judith M. Jones-Fraikor Freeman Family Foundation Joyce and Sam Freeman Ms. Deborah Friedman Baryn Futa Jean and Don Gage Cynthia J. Garnier and Kenneth K. Hisamoto Sally Gart Alan and Sally Gass Mr. and Mrs. John Geister Bradley D. Gillund Max and Pat Grassfield Dr. and Mrs. Daniel J. Greenholz Carol and Fred Grover Tom and Joan Hadden

Dr. Lowell and Jessee Hansen Hal and Marty Hendershot Lee and Margaret Henry Beverlee Henry and The Honorable Robert P. Fullerton Ms. Ann Heyler Pat Pascoe Ms. Laura M. Hoffman Mr. and Mrs. William T. Hoffman Christine Hollander and Michael McGee Whitney and Halle Holmes Marcia Holt and John Holt Ruth Hopfenbeck and George Hopfenbeck Jr. Michael E. Huotari and Jill R. Stewart Mrs. Jean N. Johnson Craig N. Johnson and Alicia McCommons Kendor and Paulette Jones Dr. and Mrs. John N. Kabalin

Ed and Kay McDowell William and Virginia McGehee Dr. and Mrs. Alan Megibow Mr. and Mrs. Mark T. Metzdorff Rosemary Metzler Charles and Carol Miller Mr. Henry B. Mohr Sue and Bill Mohrman Ann and Mike Moore Mrs. Lynnette Morrison Dr. and Mrs. John Moyer Drs. Michael and Mary Moynihan Robert Nelson Drs. Sarah and Harold Nelson Kevin O'Connor and Janet Ellen Raasch Mr. Ben H. Parker Mrs. Dorothy Pearson Frederick and Ruth Poppe Ms. Kathleen M. Price Dean Prina M.D.

Leslie Kaye Kathleen Kelble Mr. and Mrs. Frank A. Kemp Dr. Lawrence Kim and Nhung Van Roberta and Mel Klein Helena Krebs Schonstetter Herbert E. and Darlene Kress Estate of Roy G. Krug Fred and Natalie Kutner Gaynel Lankenau Ann and James Leh Deanna Rose Leino Don and Ingrid Lindemann Charles and Gretchen Lobitz Dr. and Mrs. Robert S. London M.D. Patty Lorie Kupetz Ron and Jeri Loser Gavin R. Mallett III Marian E. Matheson Mo and Pam Mathews Mr. and Mrs. Dan McAuliffe Dr. J. K. McClatchy

Robert and Mary Quillin Mr. and Mrs. Alexander R. Read Mr. and Mrs. Kevin Reidy Mrs. Betty L. Robertson Mr. Marty Siemion Susan Rodger Bell Joe Ronnenberg Dr. and Mrs. Reuven E. Rosen Sig and Lucille Rosenfeld Mr. William E. Russell Dr. and Mrs. Richard J. Sanders Ray and Suzanne Satter Mr. and Mrs. Karl A. Schmid Ms. Ruth E. Schoening Gary D. Schrenk Mr. and Mrs. Robert Schulein Bob and Lori Schuyler Ms. Nancy Siegel Ms. Christie Smith Dr. and Mrs. Richard Southwell Bill and Shirley Stout Mrs. Marcia D. Strickland Page 20

Jim and Sue Swanson Prof. and Mrs. Joseph S. Szyliowicz Jim and Kate Taucher Jeanette and Jon Taylor Ms. S. Edith Taylor and Mr. Christopher H. Price Lawrence and Ann Brennan Thomas Frank A. Traylor Sharon and John Trefny Mr. and Mrs. Stephen True Mr. John B. Trueblood Stanley and Marcia Van Egmond Brian and Sarah Volkman Ed and Patty Wahtera Ms. Tina Walls Ms. Laura Wardell Larned A. Waterman, Jr. Dr. and Mrs. Robert Watson Jr. Anne and Dennis Wentz Ms. Cia A. Wenzel Robert and Dottie Wham Scott and Karen Yarberry

Aficionado ($250+) Anonymous Mr. and Mrs. Frank J. Adler Ms. Constance L. Anderson Mr. and Mrs. William B. Anderson Catherine H. Anderson Ms. Cia Wenzel Martha and Ken Ashley Mary E. Bahde Nancy Battan Mr. Howard Becker Timothy and Donna Belber Ms. Pamela Bell Kathleen Benegar Charles Berberich and Marilyn Munsterman Linda E. Bjelland Mr. and Mrs. Tom Blodgett John and Sandy Blue Francis Bonomo and Ruth Wohlauer Stanley and Virginia Boucher Jeff and Shirley Bowen E. Candace Boyle and Thomas R. Salas Ms. Jay Breen Mr. Darrell A. Brown Ms. Karen M. Bruggenthies Mr. and Mrs. Ronald C. Butz George M. and Carol G. Canon Mr. Everett Clark Dr. Alan Como and InHye Como Donna and Ted Connolly Eric Coomer and Amber Hess Evelyn, Jack and David Cooper Ms. Frances S. Corsello Mr. Thomas Cox Mr. Brian Crane Mr. and Mrs. James E. Culhane Michael and Bonnie Dalke Ms. Laura Davis Ms. Wendy Davis Ronald L. Deal Dr. and Mr. Deborah Deeg

Dr. John and Nancy DeLauro Mrs. Helen N. Driscoll Maud B. Duke Philippe and Cynthia Dunoyer Rose and Bill Dr. Terry and Rebecca Escamilla Fred and Susan Forman Sheldon and Ellen Friedman Susan C. Frye and Caroline R. Frye Mr. Rex R. Fuller Dr. and Mrs. Arthur Garfein Dr. and Mrs. Burton Golub Tennyson Grebenar and Judy Graese James and Ranelle Gregory Mark Groshek and Carl Clark MD Mr. and Mrs. Ronald R. Guse Ms. Gina Guy George and DeVona Haight Mrs. Jerry Jean Hale Homer and Treva Hancock Mr. Richard H. Hart Karin Henszey Mr. Harold K. (Bud) Hill Ms. Joy R. Hilliard Mr. and Mrs. Garry Horle Mr. Irwin Horwitz Mr. and Mrs. Bill Houlton Mr. and Mrs. Douglas Houston Barbara and Kevin Hughes Ms. Jane A. Hultin Mr. and Mrs. William C. Humphries Dr. Paul W. Husted Dr. Terry Imel Mr. and Mrs. Isely Carole and Marv Johnson James and Jean Johnston Ms. Judy Johnston Dick and Mary Anne Johnston Mr. and Mrs. Howard B. Jordan Sandy and Isolde Jordan Dr. Ross and Vicki Kazer Mrs. Bernie C. Kern Mr. and Mrs. Arthur W. Kidder Elmer and Doris Koneman Mr. John W. Kure and Ms. Cheryl Solich Mr. Bernard Leason and Mrs. Frieda Sanidas Leason Mr. George Leing Robert and Patricia Lisensky Dr. and Mrs. James List Mrs. Patricia A. Livingston Mrs. Richard T. Lyford Jr. Janet and David MacKenzie Mr. and Mrs. Loren Mall Mr. and Mrs. Gilbert Y. Marchand Marjorie J. Marks Mr. and Mrs. Austin Marquis John and Minda Marshall Mr. George M. Mathews Jr. Larry J. Matthews, M.D. Myron McClellan and Lawrence Phillips Mr. and Mrs. Jay A. McCormick Dr. and Mrs. Hugh J. McGee Jr. Dave and Miza McReynolds Pat Mcshane

Frank and Patricia Mercado Mr. and Mrs. James Mills Frend John Miner and Jeff Lawhead Caroline Royer and Gilbert Mochel Mr. and Mrs. Mike Monahan John and Mary Muth Dora and Peter Neidecker Richard L. Nielsen Maureen and Benjamin Nystuen Mr. Kurt M. Olender and Ms. Kam C. Wong Roger and Stephanie Berg Oram Bonnie M. Orkow Dr. and Mrs. David Pearlman Mr. Andrew R. Pleszkun Rich and Kim Plumridge Mr. John Potter William M. and Kathryn L. Pride Irene M. Ibarra and Armando Quiroz Karyn K. Rieb Mr. and Mrs. Frederic N. Ris Ms. Deborah Rohan Mr. Joseph C. Rook Ron and Donnell Rosenberg Ms. Mary Ann Ross Richard L. Roth Paul D. Rubner and Vicki D. Jensen Richard and Sally Russo Jack and Ruth Salter Ms. Martha Jo Sani Sherry and Frank Sargent Ms. Eleni Sarris Mary and Paul Schadler Mr. Henry R. Schmoll Ms. Jo B. Shannon Catherine K Skokan Jane and Lars Soderberg Philip and Rhonda Steckley James B. Steed Mr. and Mrs. Douglas W. Stewart Mr. and Mrs. William E. Stiles Greg Thielen and Jaclyn Yelich Jeanette J. Thrower Dr. and Ms. James Kennedy Todd Giles D. Toll M.D. Ms. Elizabeth H. Tracey Mr. Richard C. Tubbs and Ms. Marilyn Smith Nancy and Tim Tyler Ms. Carol Tyson Gretchen Vanderwerf and Gordon Jones Terri and Harry Vogler Mr. Wilson Wampler Carley J. Warren Jeff and Martha Welborn Ms. Marilyn L. Wheeler Anne Williams Dr. and Mrs. Raymond Yost Sue and Carl Zimet

Picture left: Tom and Mary Conroy at the Nathaniel Merrill Founders Room Dedication.

Page 21

Independent Auditor’s Report

The Financial Results

March 10, 2010 Page 22

Expenses and Revenue For year ended December 31, 2009

COMPOSITION OF REVENUE 2009 Ticket Sales 34% Contributions 52% Special Events and Other 8% SCFD Tax 6%

COMPOSITION OF EXPENSES 2009 Marketing 13%

Fundraising 8%

Box Office 5%

General Administration 6%

Opera Production 65%

Depreciation and Other 3%

COMPOSITION OF CONTRIBUTIONS 2009 Corporations 5%

Foundations 36% Individuals 58% Government and Other 1%

Page 23

Statement of Activities For year ended December 31, 2009 Opera Colorado Foundation

Eliminations

$ 2,046,823 179,705 1,480,341 217,530 270,978 49,862 (113) 88,052 79,500

169,323 -

(179,705) -

2,046,823 1,480,341 217,530 270,978 49,862 169,210 88,052 79,500

Total unrestricted revenue

4,412,678

169,323

(179,705)

4,402,296

Expenses Production Grant to Opera Colorado General and administrative Box Office Marketing Fundraising

2,978,150 284,459 213,051 588,871 356,377

179,705 11,510 -

(179,705) -

2,978,150 295,969 213,051 588,871 356,377

Total expenses before depreciation and write-offs

4,420,908

191,215

(179,705)

4,432,418

Opera Colorado Change in Unrestricted Net Assets: Revenue: Contributions Contributions from Opera Colorado Foundation Ticket sales net of seat tax Special Events net of expense SCFD Educational events Investment Income Other Income Net assets released from restrictions (contributions)

Depreciation and write-offs

136,939 4,557,847

Total expenses Increase (decrease) in unrestricted net assets Change in Temporarily Restricted Net Assets: Contributions Investment income Net assets released from restrictions

191,215

(179,705)

Total

136,939 4,569,357

$ (145,169)

(21,892)

-

(167,061)

$

401,480 (79,500)

23,115 -

-

401,480 23,115 (79,500)

321,980

23,115

-

345,095

2,650 2,650

-

2,650 2,650

Increase (decrease) in temporarily restricted net assets Change in Permanently Restricted Net Assets: Contributions Net assets released from restrictions Increase (decrease) in permanently restricted net assets

-

Change in net assets

176,811

3,873

-

180,684

Net assets at beginning of year

791,654

984,055

-

1,775,709

968,465

$ 987,928

-

$1,956,393

Net assets at end of year

$

Page 24

Statement of Financial Position For year ended December 31, 2009

Opera Colorado Assets: Current assets: Cash and cash equivalents Contribution and grants receivable Intercompany (payable) receivable Accounts receivable Prepaid expenses and other current assets Total current assets

Liabilities and Net Assets: Current liabilities: Notes payable Accounts payable Accrued Liabilities Deferred revenue Total current liabilities

Total

$ 221,376 684,203 122,916 116,261 278,996

(122,916) -

221,376 684,203 116,261 278,996

1,423,752

(122,916)

1,300,836

Restricted cash Investments Contributions receivable - noncurrent portion Property and equipment (net of depreciation) Total assets

Opera Colorado Foundation

16,480 470,000 476,507 $2,386,739

1,110,844

987,928

16,480 1,110,844 470,000 476,507 3,374,667

430,000 45,604 64,929 877,741

-

430,000 45,604 64,929 877,741

1,418,274

-

1,418,274

$

Net Assets: Unrestricted Temporarily restricted Permanently restricted

416,985 551,480 -

(293,771) 23,115 1,258,584

123,214 574,595 1,258,584

Total net assets

968,465

987,928

1,956,393

$2,386,739

987,928

3,374,667

Total liabilities and net assets

Page 25

Page 26