Fairmont Opera House Inc

Organization Overview

Fairmont Opera House Inc is located in Fairmont, MN. The organization was established in 1981. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Fairmont Opera House Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairmont Opera House 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, Fairmont Opera House Inc generated $510.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $694.0k during the year ending 06/2022. While expenses have increased by 16.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE PAGE 2, PART III, LINE 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HISTORIC PRESERVATION AND VENUE TO PROVIDE SHOW FOR THE GENERAL PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Bob Leudtke
Vice Chair
$0
Jane Reiman
Treasurer
$0
Michael Edman
Chair
$0
Beth Neist
Secretary
$0
Justin Miller
Director At
$0
Ned Koppen
Director At
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $179,055
All other contributions, gifts, grants, and similar amounts not included above$139,001
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$318,056
Total Program Service Revenue$151,555
Investment income $33,174
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 $5,521
Miscellaneous Revenue$0
Total Revenue $510,715

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Fairmont Opera House Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Bevcomm Foundation

Blue Earth, MN

PURPOSE: TECHNOLOGY

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,320,154
Earnings-$151,040
Admin Expense$4,785
Other Expense$5,000
Ending Balance$1,159,329

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