Tri-Cities Opera Company Inc

Organization Overview

Tri-Cities Opera Company Inc is located in Binghamton, NY. The organization was established in 1959. 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, Tri-Cities Opera Company Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Cities 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, Tri-Cities Opera Company Inc generated $417.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $340.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRODUCTION OF PROFESSIONAL QUALITY OPERA USING THE TALENTS OF YOUNG ARTISTS. TCO SETS THE STANDARD FOR ARTISTIC EXCELLENCE WHILE ENRICHING, ENHANCING, ENGAGING & EDUCATING OUR COMMUNITY THROUGH THE POWER OF LIVE MUSICAL STORYTELLING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY PRODUCED OPERAS TO BE VIEWED BY THE COMMUNITY.


THE COMPANY'S RESIDENT ARTISTS GO TO SCHOOLS AND OTHER COMMUNITY VENUES TO PRESENT CHILDREN'S OPERA LIVE AND IN-PERSON AND FILM CHILDREN'S OPERA FOR DIGITAL DISTRIBUTION.


THE COMPANY RENTS COSTUMES AND SETS TO OTHER NONPROFIT ORGANIZATIONS FOR USE IN OPERA PRODUCTIONS.


OTHER PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
John Rozzoni
General Director
$65,830
Carol Chandler
Chair
$0
David Mcclintock
Vice Treasurer
$0
Ronald Platt
Treasurer
$0
Jason Fiume
Secretary
$0
Emily Hugenhbuch
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $161,515
All other contributions, gifts, grants, and similar amounts not included above$205,691
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$367,206
Total Program Service Revenue$50,411
Investment income $13
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 $0
Miscellaneous Revenue$0
Total Revenue $417,630

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Tri-Cities Opera Company Inc has recieved totaling $85,644.

Awarding OrganizationAmount
Broome County Arts Council Inc

Endicott, NY

PURPOSE: OPERATING SUPPORT

$47,050
$12,500
J M Mcdonald Foundation Inc

Wilmington, DE

PURPOSE: OPERA-GO-ROUND PROGRAM

$10,000
Floyd Hooker Foundation

Soldotna, AK

PURPOSE: STONE SOUP PROJECT

$8,500
Preservation League Of New York State

Albany, NY

PURPOSE: LITHUANIAN NATIONAL ASSOCIATION - BUILDING CONDITION REPORT

$6,000
Raymond Foundation

Greene, NY

PURPOSE: DONATIONDONATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$132,721
Earnings$7
Ending Balance$132,728

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