College Light Opera Company Inc
- Assets
- $8.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Falmouth, MA
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 04-2505806
Organization Overview
College Light Opera Company Inc is located in Falmouth, MA. The organization was established in 1972. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, College Light Opera Company Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Light Opera Company 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 12/2021, College Light Opera Company Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $767.2k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
EDUCATES AND TRAINS TALENTED STUDENTS IN THE PERFORMING ARTS AND THEATRE PRODUCTION WHILE PROVIDING EXCEPTIONAL MUSICAL THEATRE FOR CAPE COD AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAGE PRESENTATIONS OF MUSICALS AND LIGHT OPERAS THAT ARE PERFORMED FROM JUNE THROUGH AUGUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Bock Clerk | OfficerTrustee | 5 | $0 |
David Cantor Treasurer | OfficerTrustee | 5 | $0 |
B Deborah Cohen President | OfficerTrustee | 5 | $0 |
Elizabeth Craig Secretary | OfficerTrustee | 5 | $0 |
Scott Pinkney Vice- Presid | OfficerTrustee | 5 | $0 |
Marie Younger Blackburn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,275,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,547,897 |
| Total Program Service Revenue | $246,416 |
| Investment income | $47,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,361 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,077,001 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,702 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,231 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,368 |
| Advertising and promotion | $14,248 |
| Office expenses | $14,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,494 |
| Insurance | $56,034 |
| All other expenses | $108,824 |
| Total functional expenses | $767,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,986 |
| Savings and temporary cash investments | $163,540 |
| Pledges and grants receivable | $302,906 |
| Accounts receivable, net | $12,601 |
| 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 | $11,009 |
| Net Land, buildings, and equipment | $6,320,396 |
| Investments—publicly traded securities | $1,410,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,396,196 |
| Accounts payable and accrued expenses | $15,340 |
| 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 | $620,730 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,270 |
| Total liabilities | $642,340 |
| Net assets without donor restrictions | $7,438,350 |
| Net assets with donor restrictions | $315,506 |
| 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 | $8,396,196 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College Light Opera Company Inc has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Marthas Vineyard Bank Charitable Foundation Inc Edgartown, MA PURPOSE: EXEMPT PURPOSE | $3,500 |
Endowment Analysis
| Beg. Balance | $1,345,887 |
| Earnings | $78,420 |
| Net Contributions | $252,144 |
| Other Expense | $267,822 |
| Ending Balance | $1,408,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Boston Lyric Opera Company Boston, MA | $24,492,285 | $7,326,686 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Concerts In Motion Inc New York, NY | $1,668,907 | $960,461 |
Lake George Opera Festival Association Inc Saratoga Springs, NY | $321,221 | $1,192,996 |
Heartbeat Opera Ltd New York, NY | $491,262 | $977,495 |
Berkshire Opera Festival Pittsfield, MA | $169,179 | $840,114 |
Metropolitan Opera Club Inc New York, NY | $635,088 | $866,477 |
On Site Opera Inc New York, NY | $1,059,437 | $594,359 |
College Light Opera Company Inc Falmouth, MA | $8,396,196 | $2,077,001 |