Florentine Opera Co Inc

Organization Overview

Florentine Opera Co Inc is located in Milwaukee, WI. The organization was established in 1968. 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 06/2022, Florentine Opera Co Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florentine Opera Co 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 06/2022, Florentine Opera Co Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. 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

THE FLORENTINE OPERA COMPANY IS DRIVEN TO PRODUCE THE FULL RANGE OF OPERATIC WORKS REFLECTING THE HIGHEST MUSICAL AND THEATRICAL STANDARDS, AND TO SUPPORT COMMUNITY AND EDUCATION PROGRAMS THAT FOSTER THE CURRENT AND NEXT GENERATION OF OPERA AUDIENCES AND PRACTITIONERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERA CONTINUES TO BE A DRAMATIC, IMMERSIVE EXPERIENCE, AND THEREFORE HOLDS SO MANY PARALLELS TO THE RAPIDLY CHANGING LIVES WERE UNDERGOING, AS A COMPANY AND AS INDIVIDUALS. IN AN ERA THAT CALLS FOR RAPID CHANGE AND ADAPTATION, WE ARE PROUD OF WHAT WE HAVE ACCOMPLISHED. THE ARTISTIC AND COMMUNITY TOUCHPOINTS THAT REPRESENT FISCAL 2022 RANGE FROM COMPANY PREMIERES TO SCHOOL CHILDREN DEBUTS. WE FOUND SOLUTIONS TO CHALLENGES THAT AT TIMES FELT IMPOSSIBLE. OUR ABILITY TO MAP NEW PATHS, TO RESPONSIBLY STEWARD OUR BUDGET, AND TO BRING THE FULL OPERA EXPERIENCE TO MILWAUKEE CAN ONLY GROW AS WE MOVE FORWARD WITH EVERYTHING WE HAVE LEARNED IN THE PAST SEASONS. THE MAGIC OF RAVEL'S GARDEN SCENE COMPLETE WITH FROG DANCE AND THE THRILLING PIANISSIMO OF JESSICA JONES' GILDA IN RIGOLETTO WILL STAY WITH THE FLORENTINE FOR A LONG TIME.


THE FLORENTINE OPERA COMPANY'S PROGRAMS REACH A BROAD SPECTRUM OF INDIVIDUALS THROUGHOUT METRO MILWAUKEE, SOUTHEASTERN WISCONSIN, AND BEYOND. LAST YEAR, OUR EDUCATIONAL TOUR WAS OFFERED IN A DIGITAL FORMAT AN REACHED OVER 20,000 HOUSEHOLDS. THE COMPANY PROVIDES A VITAL ADDITION TO LOCAL ARTS EDUCATION--BOTH IN THE CLASSROOM AND ON THE STAGE. THE FLORENTINE OPERA COMPANY'S EDUCATION DEPARTMENT IS COMMITTED TO PROVIDING EDUCATORS WITH OPPORTUNITIES TO UTILIZE OPERA TO MEET EDUCATIONAL STANDARDS, AS WELL AS TO ENHANCE LEARNING FOR ALL STUDENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$243,241
Related organizations$0
Government grants $257,141
All other contributions, gifts, grants, and similar amounts not included above$4,548,184
Noncash contributions included in lines 1a–1f $73,177
Total Revenue from Contributions, Gifts, Grants & Similar$5,048,566
Total Program Service Revenue$225,675
Investment income $92,966
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $59,730
Net Income from Fundraising Events $30,589
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,457,526

Grants Recieved

Over the last fiscal year, we have identified 28 grants that Florentine Opera Co Inc has recieved totaling $2,877,799.

Awarding OrganizationAmount
Greater Milwaukee Foundation Inc

Milwaukee, WI

PURPOSE: INVESTING IN THE FUTURE-GROWING THE ENDOWMENT

$1,095,667
Greater Milwaukee Foundation Inc

Milwaukee, WI

PURPOSE: INVESTING IN THE FUTURE-GROWING THE ENDOWMENT

$1,095,667
Rite-Hite Corporation Foundation Inc

Milwaukee, WI

PURPOSE: THE RITE-HITE FOUNDATION MAKES CONTRIBUTIONS FOR THE GENERAL CHARITABLE ACTIVITIES OF THE RECIPIENTS LISTED. THE FOUNDATION HAS NOT DESIGNATED THESE CONTRIBUTIONS FOR SPECIFIC PURPOSES.

$309,500
Richard And Ethel Herzfeld Foundation Inc

Milwaukee, WI

PURPOSE: ARTS AND CULTURE - SEASON CHALLENGE

$65,000
Plunkett Fam Foundation

Milwaukee, WI

PURPOSE: GENERAL

$50,000
Richard And Ethel Herzfeld Foundation Inc

Milwaukee, WI

PURPOSE: ARTS AND CULTURE - COVID RELIEF

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,238,563
Earnings-$308,998
Net Contributions$1,004,600
Ending Balance$2,934,165

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