St Petersburg Opera Company
- Assets
- $1.5m
- Revenue
- $906.8k
- Investments
- $0.0
- Employees
- 10
- Location
- St Petersburg, FL
- Founding
- 06/2008
- Data as of
- 07/2021
- EIN
- 20-8523525
Organization Overview
St Petersburg Opera Company is located in St Petersburg, FL. The organization was established in 2008. 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 07/2021, St Petersburg Opera Company employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Petersburg Opera Company 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 07/2021, St Petersburg Opera Company generated $906.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $660.6k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 6 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 MISSION OF THE ST PETERSBURG OPERA COMPANY IS TO ENRICH THE CULTURAL LIVES OF THE RESIDENTS OF, AND VISITORS TO, THE TAMPA BAY AREA BY PRESENTING FULLY STAGED PROFESSIONAL OPERA PRODUCTIONS OF THE HIGHEST QUALITY, AND TO MAKE OPERA ACCESSIBLE TO PRESENT AND FUTURE AUDIENCES THROUGH COMMUNITY OUTREACH, EDUCATIONAL INITIATIVES, AND COLLABORATION WITH OTHER ARTS ORGANIZATIONS. AS WE MOVED INTO OUR 15TH SEASON AMID THE PANDEMIC, THE ST. PETERSBURG OPERA PIONEERED OUTDOORSUMMARY OF THE YEAR SPO'S NATIONALLY RECOGNIZED EMERGING ARTIST PROGRAM HAS HELPED ADVANCED SINGERS TO HONE THEIR CRAFT. MANY FORMER EMERGING ARTISTS ARE NOW SINGING ON THE STAGES OF THE WORLD'S LARGEST OPERA HOUSES AND CONCERT HALLS, AS WELL AS SINGING PRINCIPAL ROLES WITH ST PETERSBURG OPERA SUMMARY OF THE YEAR
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sforzini CEO & Artist | OfficerTrustee | 60 | $95,468 |
Lee Davisson Board Chair | OfficerTrustee | $0 | |
Mirella Cimato Smith Board Vice C | OfficerTrustee | $0 | |
Alexandra Bolton-Schutes Board Treasu | OfficerTrustee | $0 | |
Dee Perconti Board Secret | OfficerTrustee | $0 | |
Michelle Kidwell-Gilbert Trustee/dire | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,121 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,412 |
| Noncash contributions included in lines 1a–1f | $15,526 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,533 |
| Total Program Service Revenue | $185,971 |
| Investment income | $942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,395 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,841 |
| 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 | $95,468 |
| Other salaries and wages | $174,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,028 |
| Payroll taxes | $20,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,837 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $580 |
| Occupancy | $22,225 |
| Travel | $1,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,347 |
| Insurance | $10,974 |
| All other expenses | $56,249 |
| Total functional expenses | $660,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,305 |
| Savings and temporary cash investments | $62,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $10,191 |
| Net Land, buildings, and equipment | $778,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,542,886 |
| Accounts payable and accrued expenses | $16,325 |
| Grants payable | $0 |
| Deferred revenue | $159,483 |
| 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 | $280,117 |
| Total liabilities | $455,925 |
| Net assets without donor restrictions | $1,086,961 |
| 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 | $1,542,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Petersburg Opera Company has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Victoria Garrett Legacy Foundation Agency Main Asheville, NC PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sarasota Opera Association Inc Sarasota, FL | $28,856,599 | $10,657,672 |
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Palm Beach Opera Inc West Palm Beach, FL | $12,939,353 | $9,924,286 |
Greater Miami Opera Inc Miami, FL | $224,438 | $3,555,793 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Opera Guild Inc Of Fort Lauderdale Fort Lauderdale, FL | $0 | $1,817,251 |
Florida Grand Opera Inc Miami, FL | $7,700,234 | $5,233,007 |
Opera Naples Inc Naples, FL | $3,990,493 | $1,623,867 |
Pensacola Opera Inc Pensacola, FL | $1,694,891 | $889,595 |
St Petersburg Opera Company St Petersburg, FL | $1,542,886 | $906,841 |
Opera Birmingham Birmingham, AL | $1,161,984 | $594,696 |
Mobile Opera Inc Mobile, AL | $702,189 | $369,818 |