Pittsburgh Opera Theater Inc
- Assets
- $277.3k
- Revenue
- $656.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Pittsburgh, PA
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 25-1342994
Organization Overview
Pittsburgh Opera Theater Inc, operating under the name Pittsburgh Festival Opera, is located in Pittsburgh, PA. The organization was established in 1980. 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, Pittsburgh Festival Opera employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Festival Opera 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, Pittsburgh Festival Opera generated $656.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $921.8k during the year ending 12/2021. 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
PITTSBURGH FESTIVAL OPERA PRESENTS INNOVATIVE OPERA FOR IMAGINATIVE AUDIENCES. PITTSBURGH FESTIVAL OPERA IS PITTSBURGH'S MODERN MUSIC DRAMA COMPANY AND, AS SUCH, FOCUSES ON CREATING NEW WORKS, ON REINTERPRETING OLDER WORKS IN NEW WAYS, ON BUILDING DIVERSITY IN PROGRAMMING AND CASTING, ON SUPPORTING EMERGING TALENT, AND ON BROADENING AUDIENCES THROUGH OUTREACH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF PITTSBURGH FESTIVAL OPERA IS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUNG PROFESSIONAL ARTISTS TO PERFORM, GAINING EXPERIENCE AND EXPOSURE AND TO BRING OPERA TO SCHOOLS AND COMMUNITIES IN WESTERN PA & THE TRI-STATE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Knaub Treasurer | OfficerTrustee | $0 | |
Gail Novak Mosites Secretary | OfficerTrustee | $0 | |
Joseph Bielecki Vice Preside | OfficerTrustee | $0 | |
Dr Eugene Myers President | OfficerTrustee | $0 | |
Mildred Posvar Founder | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $588,791 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $588,791 |
| Total Program Service Revenue | $67,824 |
| Investment income | $12 |
| 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 | $656,627 |
| 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 | $370,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $63,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,600 |
| Fees for services: Accounting | $14,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,217 |
| Advertising and promotion | $52,185 |
| Office expenses | $38,089 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,117 |
| Travel | $756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,926 |
| All other expenses | $0 |
| Total functional expenses | $921,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,451 |
| Savings and temporary cash investments | $21,849 |
| Pledges and grants receivable | $47,960 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,078 |
| Total assets | $277,338 |
| Accounts payable and accrued expenses | $36,096 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $524,024 |
| Total liabilities | $560,120 |
| Net assets without donor restrictions | -$342,441 |
| Net assets with donor restrictions | $59,659 |
| 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 | $277,338 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pittsburgh Opera Theater Inc has recieved totaling $115,500.
| Awarding Organization | Amount |
|---|---|
The Heinz Endowments Pittsburgh, PA PURPOSE: FOR ONE YEAR OPERATING SUPPORT (2021) | $65,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $25,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: COVID-19: ARTS AND CULTURE RECOVERY SUPPORT | $20,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $5,500 |
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 |
Cincinnati Opera Association Cincinnati, OH | $40,351,951 | $5,063,717 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
Opera Association Of Central Ohio Columbus, OH | $1,269,312 | $1,287,831 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Opera Delaware Inc Wilmington, DE | $3,072,019 | $1,326,330 |
Toledo Opera Association Toledo, OH | $4,577,028 | $1,254,776 |