Des Moines Metro Opera Foundation Inc

Organization Overview

Des Moines Metro Opera Foundation Inc is located in Indianola, IA. The organization was established in 1993. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Metro Opera Foundation 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 08/2022, Des Moines Metro Opera Foundation Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $3.1m during the year ending 08/2022. While expenses have increased by 29.4% 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

TO SUPPORT THE OPERATIONS OF THE DES MOINES METRO OPERA, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL SUPPORT OF THE DES MOINES METRO OPERA, INC. FOR OPERATING EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Voss
President
$0
Virginia Croskery Lauridsen
President-Elect
$0
Denise Wieland
Treasurer
$0
Barbara Cappaert
Secretary
$0
Craig Shadur
Trustee
$0
Diane Morain
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$2,213,442
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,213,442
Total Program Service Revenue$0
Investment income $278,768
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$62,881
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,429,329

Grants Awarded

Over the last fiscal year, Des Moines Metro Opera Foundation Inc has awarded $695,000 in support to 2 organizations.

Grant RecipientAmount

DES MOINES METRO OPERA INC

Org PageRecipient Profile

Indianola, IA

PURPOSE: PRIMARY PURPOSE OF FOUNDATION

$570,000

Indianola, IA

PURPOSE: THEATRE STAGE IMPROVEMENTS

$125,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Des Moines Metro Opera Foundation Inc has recieved totaling $600,879.

Awarding OrganizationAmount
Thomas And Linda Koehn Foundation

Des Moines, IA

PURPOSE: GENERAL OPERATING FUND

$550,879
Independent Charitable Gift Fund

Hudson, OH

PURPOSE: GENERAL SUPPORT

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$23,566,191
Earnings$1,744,263
Admin Expense$36,571
Net Contributions$2,146,124
Grants$3,039,673
Ending Balance$24,380,334

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