Tri-Cities Opera Company Inc
- Assets
- $861.5k
- Revenue
- $417.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Binghamton, NY
- Founding
- 05/1959
- Data as of
- 12/2021
- EIN
- 15-0544166
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.
Form
990
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rozzoni General Director | Officer | 40 | $65,830 |
Ronald Platt Treasurer | OfficerTrustee | 1 | $0 |
Jason Fiume Secretary | OfficerTrustee | 1 | $0 |
David Mcclintock Vice Treasurer | OfficerTrustee | 1 | $0 |
Emily Hugenhbuch Vice Chair | OfficerTrustee | 1 | $0 |
Carol Chandler Chair | OfficerTrustee | 1 | $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 |
| 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. | $39,042 |
| Compensation of current officers, directors, key employees. | $39,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,474 |
| Payroll taxes | $8,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,661 |
| Advertising and promotion | $13,563 |
| Office expenses | $5,682 |
| Information technology | $0 |
| Royalties | $28 |
| Occupancy | $14,224 |
| Travel | $2,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,407 |
| Insurance | $12,580 |
| All other expenses | $1,256 |
| Total functional expenses | $340,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,259 |
| Savings and temporary cash investments | $235,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,961 |
| 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 | $4,225 |
| Net Land, buildings, and equipment | $523,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $861,485 |
| Accounts payable and accrued expenses | $40,273 |
| Grants payable | $0 |
| Deferred revenue | $7,218 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $150,000 |
| Secured mortgages and notes payable | $216,991 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $414,482 |
| Net assets without donor restrictions | $285,797 |
| Net assets with donor restrictions | $161,206 |
| 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 | $861,485 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Tri-Cities Opera Company Inc has recieved totaling $85,644.
| Awarding Organization | Amount |
|---|---|
Broome County Arts Council Inc Endicott, NY PURPOSE: OPERATING SUPPORT | $47,050 |
Community Foundation Of Elmira Corning And The Finger Lakes Horseheads, NY PURPOSE: OPERA GO ROUND | $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 |
Endowment Analysis
| Beg. Balance | $132,721 |
| Earnings | $7 |
| Ending Balance | $132,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
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 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |