Sarasota Opera Association Inc

Organization Overview

Sarasota Opera Association Inc is located in Sarasota, FL. The organization was established in 1970. 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 05/2022, Sarasota Opera Association Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Opera Association 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 05/2022, Sarasota Opera Association Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $9.1m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PRODUCE OUTSTANDING OPERA TRUE TO THE VISION OF THE COMPOSER, TO ENTERTAIN, ENRICH, AND EDUCATE THE COMMUNITIES IN SOUTHWEST FLORIDA AS WELL AS PATRONS FROM ACROSS THE STATE AND AROUND THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SARASOTA OPERA BEGAN ITS RETURN TO A NORMAL OPERATING SCHEDULE, BUT WAS STILL IMPACTED BY THE LINGERING EFFECTS OF COVID. COVID CAUSED THE CANCELLATION OF ONE PERFORMANCE AND THE POSTPONEMENT OF ANOTHER. THE OPERA PRESENTED 31 OPERA PERFORMANCES AS WELL AS 4 CONCERTS AND 11 HD MOVIE SHOWINGS. THE OPERA'S YOUTH OPERA PROGRAM WAS LIMITED TO A CONCERT, BUT EFFORTS TO RE-BUILD AND GROW THIS UNIQUE PROGRAM, POST-COVID, ARE CONTINUING. A NEW COURTYARD DINING SERIES WAS ADDED TO SPECIAL EVENTS AND THE ANNUAL GALA WAS RE-ESTABLISHED. THE OPERA'S TWO GUILDS ALSO RE-STARTED THEIR FUNDRAISING EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Russell
General Director
$346,435
Kenneth Tarasi
Director Of Finance
$121,145
Waldron Kraemer
Chair
$0
Katherine Benoit
Secretary
$0
Rosanne Martorella
Vice Chair
$0
Arthur Siciliano
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Derenzi & Sundine Inc
Artistic Direction, Stage Direction, Con
$464,856
Rosemary Square Llc
Maintenance
$119,646
School Of Russian Ballet
Proceeds From Ticket Sales For Theater R
$133,997
Planiform (1983) Inc
Costume Racks And Installation In New Wa
$162,507
Aldina Lc
Warehouse Storage For Sets & Costumes
$180,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,634,134
All other contributions, gifts, grants, and similar amounts not included above$4,389,686
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,023,820
Total Program Service Revenue$2,325,153
Investment income $217,865
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $538,824
Net Income from Fundraising Events $159,468
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,657,672

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Sarasota Opera Association Inc has recieved totaling $722,070.

Awarding OrganizationAmount
Gulf Coast Community Foundation Inc

Venice, FL

PURPOSE: ARTS & CULTURE

$373,475
Community Foundation Of Sarasota County Inc

Sarasota, FL

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$178,880
William E Schmidt Foundation Inc

Evansville, IN

PURPOSE: YOUTH OPERA PLEDGE

$60,000
$40,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$29,500
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: ARTS AND CULTURE

$16,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,349,307
Earnings-$592,210
Net Contributions$1,461,502
Ending Balance$11,218,599

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