Mississippi Opera Association Inc
- Assets
- $127.7k
- Revenue
- $390.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Jackson, MS
- Founding
- 05/1971
- Data as of
- 06/2023
- EIN
- 23-7113188
Organization Overview
Mississippi Opera Association Inc is located in Jackson, MS. The organization was established in 1971. 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 06/2023, Mississippi Opera Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 06/2023, Mississippi Opera Association Inc generated $390.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $458.5k during the year ending 06/2023. While expenses have increased by 8.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE & ENCOURAGE THE ENJOYMENT STUDY & APPRECIATION OF OPERA. TO HELP IN THE DEVELOPMENT OF OPERATIC TALENT & PROVIDE CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH OPERATIC PERFORMANCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCED MISSISSIPPIS CULTUAL AND ECONOMIC DEVELOPMENT BY PRESENTING HIGH QUALITY OPERA PERFORMANCES IN AN ACCESSIBLE MANNER; IDENTIFIED & DEVELOPED REGINAL OPERATIC ARTISTS; AND PROMOTED THE UNDERSTANDING AND APPRECIATION OF OPERA THROUGH ECUDATIN AND AUDIENCE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ora Reed Board Member | Trustee | 1 | $0 |
Scott Newton Board Member | Trustee | 1 | $0 |
Mona Reddy Board Member | Trustee | 1 | $0 |
Barbara Travis Board Member | Trustee | 1 | $0 |
Jay Dean Artistic Director | Trustee | 2 | $0 |
Sharon Warnock Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,395 |
| Total Program Service Revenue | $176,114 |
| Investment income | $1,193 |
| 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 | $390,702 |
| 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 | $56,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,772 |
| Advertising and promotion | $37,618 |
| Office expenses | $11,226 |
| Information technology | $2,148 |
| Royalties | $0 |
| Occupancy | $27,523 |
| Travel | $12,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,471 |
| Interest | $8,238 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471 |
| Insurance | $4,167 |
| All other expenses | $0 |
| Total functional expenses | $458,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $23,900 |
| Net Land, buildings, and equipment | $1,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,985 |
| Total assets | $127,740 |
| Accounts payable and accrued expenses | $12,283 |
| Grants payable | $0 |
| Deferred revenue | $28,230 |
| 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 | $166,384 |
| Other liabilities | $0 |
| Total liabilities | $206,897 |
| Net assets without donor restrictions | -$107,328 |
| Net assets with donor restrictions | $28,171 |
| 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 | $127,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Opera Association Nashville, TN | $12,710,301 | $2,897,436 |
New Orleans Opera Association New Orleans, LA | $2,269,210 | $2,817,629 |
Knoxville Opera Company Knoxville, TN | $1,733,763 | $1,617,301 |
Opera Memphis Inc Memphis, TN | $5,948,839 | $1,091,881 |
Opera Birmingham Birmingham, AL | $1,131,220 | $592,267 |
Grand Opera House Of The South Inc Crowley, LA | $3,676,749 | $408,749 |
Shreveport Opera Shreveport, LA | $1,722,935 | $844,018 |
Mississippi Opera Association Inc Jackson, MS | $127,740 | $390,702 |
Opera Louisiane Inc Baton Rouge, LA | $130,954 | $336,069 |
Mobile Opera Inc Mobile, AL | $1,156,962 | $894,700 |
New Orleans Theatre Association Inc New Orleans, LA | $1,064,068 | $383,291 |
Natchez Opera Festival Inc Natchez, MS | $200,823 | $156,915 |
Marble City Opera Company Knoxville, TN | $29,869 | $0 |
Opera Huntsville Huntsville, AL | $8,638 | $0 |
Opera Memphis Endowment Foundation Memphis, TN | $347,345 | $8,925 |
Hattiesburg Civic Light Opera Inc Hattiesburg, MS | $16,545 | $0 |