Barre Opera House Inc
- Assets
- $1.6m
- Revenue
- $487.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Barre, VT
- Founding
- 04/1979
- Data as of
- 06/2021
- EIN
- 03-0270440
Organization Overview
Barre Opera House Inc is located in Barre, VT. The organization was established in 1979. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Barre Opera House Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barre Opera House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Barre Opera House Inc generated $487.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $195.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BARRE OPERA HOUSE IS TO RESTORE, PRESERVE, AND OPERATE OUR HISTORIC VENUE AS A CENTER FOR THE PERFORMING ARTS SERVING THE ENTIRE CENTRAL VERMONT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRE OPERA HOUSE IS A HISTORICAL PERFORMING ARTS CENTER, PRIMARILY SERVING RESIDENTS IN CENTRAL VERMONT. WE ARE CURRENTLY IN THE SECOND YEAR OF A MAJOR CAPITAL CAMPAIGN TO RENOVATE OUR THEATER AND DESIGN/CONSTRUCTION WORK CONTINUES. DUE TO COVID-19, WE HAVE CANCELLED MANY OF OUR PROGRAMS FOR THIS YEAR. OUR FINANCIAL RESULTS THEREFORE REFLECT THE SUBSTANTIAL LOSS OF REVENUE FROM SHOWS. OFFSETTING THIS IN PART ARE CONTRIBUTIONS FROM THE CAPITAL CAMPAIGN AND SIGNIFICANT COVID-RELATED FUNDING STREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Casey Executive Director | 40 | $70,724 | |
Joe Preddy Vice Chair | Trustee | 2 | $0 |
Bill Koch Board Chair | Trustee | 2 | $0 |
David Sanguinetti Treasurer | Trustee | 4 | $0 |
Richard Shadroui Trustee | Trustee | 2 | $0 |
John Brugger Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connor Contracting Inc General Contractor & Project Manager | 6/29/21 | $703,045 |
Davis Furniture Company Llc Chair Sales And Installation | 6/29/21 | $113,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,082 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $441,250 |
| Total Program Service Revenue | $43,520 |
| Investment income | $2,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$47 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,724 |
| Compensation of current officers, directors, key employees. | $28,290 |
| Compensation to disqualified persons | $43,327 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,248 |
| Payroll taxes | $10,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,107 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19 |
| Office expenses | $1,666 |
| Information technology | $2,872 |
| Royalties | $0 |
| Occupancy | $11,523 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,351 |
| Insurance | $5,484 |
| All other expenses | $0 |
| Total functional expenses | $195,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,813 |
| Savings and temporary cash investments | $41,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,037,754 |
| Investments—publicly traded securities | $309,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,575,273 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,467 |
| Total liabilities | $37,467 |
| Net assets without donor restrictions | $1,537,806 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,575,273 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Barre Opera House Inc has recieved totaling $51,314.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $11,328 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $10,000 |
Louise Davis Halsted Charitable Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $9,941 |
Robert Fleming & Jane Howe Patrick Foundation Charlotte, VT PURPOSE: PROGRAM SUPPORT | $3,000 |
James E Robison Foundation Morrisville, VT PURPOSE: SUPPORT OF THE ARTS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Carnegie Hall Corporation New York, NY | $718,141,781 | $55,324,262 |
Chautauqua Institution Chautauqua, NY | $271,934,218 | $47,780,826 |
New York City Center Inc New York, NY | $75,936,924 | $33,333,714 |
Wang Theatre Inc Boston, MA | $18,276,113 | $31,405,491 |
Rochester Broadway Theatre League Inc Rochester, NY | $14,097,725 | $11,757,109 |
Celebrity Series Of Boston Boston, MA | $21,295,635 | $11,486,131 |
Arts Center And Theater Of Schenectady Inc Schenectady, NY | $59,537,808 | $17,534,824 |
Saratoga Springs Performing Arts Center Inc Saratoga Springs, NY | $31,890,328 | $10,810,263 |
Tremont Theatre Inc Boston, MA | $4,028,653 | $4,834,729 |
Palace Theatre Trust Manchester, NH | $12,127,067 | $4,561,211 |
Friends Of The Music Hall Portsmouth, NH | $11,111,524 | $6,060,196 |
Symphony Space Inc New York, NY | $23,080,716 | $5,038,783 |