Toledo Opera Association
- Assets
- $4.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 56
- Location
- Toledo, OH
- Founding
- 08/1961
- Data as of
- 05/2022
- EIN
- 34-6556139
Organization Overview
Toledo Opera Association is located in Toledo, OH. The organization was established in 1961. 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, Toledo Opera Association employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Opera Association 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, Toledo Opera Association generated $1.3m 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 (3.6%) each year. All expenses for the organization totaled $1.3m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF TOLEDO OPERA IS TO CREATE OPERA EXPERIENCES IN THE THEATER, IN THE CLASSROOM, AND THROUGHOUT OUR COMMUNITY THAT CELEBRATE COMPELLING STORIES, EXPRESSED THROUGH GOLORIOUS MUSIC AND POWERFUL VOICES TO ENGAGE, CONNECT, AND INSPIRE. TOLEDO OPERA'S VISION IS TO BE AN AMBITIOUS CULTURAL LEADER IN THE REGION BY PAIRING STORYTELLING AND ARTISTRY OF THE HIGHEST CALIBER WITH AUTHENTIC COMMUNITY CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021-2022 TOLEDO OPERA BEGAN THE NEW SEASON BY PRODUCING II TROVATORE BY GIUSEPPE VERDI WHICH OPENED ON OCTOBER 8 TO A HOUSE AT THE VALENTINE THEATRE THAT WAS STILL LIMITED BY THE CORONA VIRUS. THE OPERA POSTPONED THE SECOND OPERA SCHEDULED FOR FEBRUARY OF 2022. IT WAS RESCHEDULED FOR AUGUST 2022. TOLEDO OPERA ENDED THE OPERA SEASON WITH VERDI'S LA TRAVIATA WHICH WAS A BIG PRODUCTION FEATURING TWO METROPOLITAN OPERA STARS IN THE LEAD ROLES.
TOLEDO OPERA'S EDUCATIONAL ARM DID NOT RETURN TO THE CLASSROOM UNTIL SPRING OF 2022. INSTEAD OF PRESENTING TO THE CHILDREN IN PERSON, THE OPERA CREATED, AND OFFERED AT NO CHARGE TO SCHOOLS, A DIGITAL YOUTUBE PRESENTATION OF ROSSINI'S THE BARBER OF SERVILLE. THE OPERA DID TRAVEL TO SCHOOLS IN LATE APRIL AND MAY OF 2022 IN A LIMITED CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Poirier Co-Treasurer | OfficerTrustee | 2 | $0 |
Phillip Lee Co-Treasurer | OfficerTrustee | 2 | $0 |
Allen Markowicz Immediate Past President | OfficerTrustee | 2 | $0 |
Joel Gorski 1st Vice President/secretary | OfficerTrustee | 2 | $0 |
Barbara Oostra President | OfficerTrustee | 2 | $0 |
Suzanne Rorick Executive Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $249,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $662,956 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,476 |
| Total Program Service Revenue | $231,731 |
| Investment income | $85,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,254,776 |
| 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 | $422,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,487 |
| Payroll taxes | $33,896 |
| Fees for services: Management | $72,567 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,823 |
| Fees for services: Other | $172,083 |
| Advertising and promotion | $78,500 |
| Office expenses | $90,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,666 |
| Insurance | $6,762 |
| All other expenses | $29,802 |
| Total functional expenses | $1,311,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,432 |
| Savings and temporary cash investments | $100,640 |
| Pledges and grants receivable | $40,405 |
| 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 | $62,594 |
| Net Land, buildings, and equipment | $32,325 |
| Investments—publicly traded securities | $4,089,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,577,028 |
| Accounts payable and accrued expenses | $48,279 |
| Grants payable | $0 |
| Deferred revenue | $63,126 |
| 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 | $17,440 |
| Total liabilities | $128,845 |
| Net assets without donor restrictions | $294,040 |
| Net assets with donor restrictions | $4,154,143 |
| 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 | $4,577,028 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Toledo Opera Association has recieved totaling $303,564.
| Awarding Organization | Amount |
|---|---|
Wolfe Fam Charitable Foundation Tr Sylvania, OH PURPOSE: TO SUPPORT | $125,000 |
Gorski Family Foundation Maumee, OH PURPOSE: GENERAL OPERATIONS | $62,000 |
Stranahan Foundation Toledo, OH PURPOSE: PROJECT START UP | $35,000 |
Promedica Health System Inc Toledo, OH PURPOSE: CHARITABLE DONATION | $31,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,500 |
Organization Name not Listed PURPOSE: GENERAL OPERATING | | $15,000 |
Endowment Analysis
| Beg. Balance | $4,514,353 |
| Earnings | -$209,521 |
| Net Contributions | $42,115 |
| Other Expense | $149,893 |
| Ending Balance | $4,197,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
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 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Opera Association Of Central Ohio Columbus, OH | $1,269,312 | $1,287,831 |
Toledo Opera Association Toledo, OH | $4,577,028 | $1,254,776 |
Indianapolis Opera Company Indianapolis, IN | $3,256,088 | $1,429,356 |
Opera Grand Rapids Grand Rapids, MI | $2,048,436 | $784,571 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |
Charleston Light Opera Guild Inc Charleston, WV | $394,018 | $206,076 |