Fargo Moorhead Opera Company
- Assets
- $294.8k
- Revenue
- $632.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Fargo, ND
- Founding
- 04/1969
- Data as of
- 06/2022
- EIN
- 45-0307449
Organization Overview
Fargo Moorhead Opera Company is located in Fargo, ND. The organization was established in 1969. 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, Fargo Moorhead Opera Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Moorhead Opera Company 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, Fargo Moorhead Opera Company generated $632.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $604.5k during the year ending 06/2022. While expenses have increased by 7.1% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FARGO MOORHEAD OPERA IS TO IGNITE ENTHUSIASM FOR OPERA THROUGH BRILLIANT SINGING AND POWERFUL STORYTELLING. WE SEEK TO WELCOME AND NURTURE NEW AND ESTABLISHED AUDIENCES AND TO SHOWCASE PROFESSIONAL ARTISTS.
Describe the Organization's Program Activity:
PRODUCTION OF OPERAS AND RELATED PERFORMANCES IN THE FARGO-MOORHEAD AREA, WHICH ARE ATTENDED BY MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Moore President | OfficerTrustee | 2 | $0 |
Regina Thiel Secretary | OfficerTrustee | 2 | $0 |
Gwen Hoberg Vice President | OfficerTrustee | 2 | $0 |
Carole Rogne Treasurer | OfficerTrustee | 2 | $0 |
Doug Barfield Director | Trustee | 2 | $0 |
James Teigland Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,920 |
| Noncash contributions included in lines 1a–1f | $68,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,594 |
| Total Program Service Revenue | $170,207 |
| Investment income | $76 |
| 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 | -$3,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,093 |
| 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 | $180,661 |
| Pension plan accruals and contributions | $3,716 |
| Other employee benefits | $5,773 |
| Payroll taxes | $14,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,282 |
| Advertising and promotion | $42,581 |
| Office expenses | $7,471 |
| Information technology | $810 |
| Royalties | $0 |
| Occupancy | $33,561 |
| Travel | $17,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,240 |
| Insurance | $2,306 |
| All other expenses | $131,305 |
| Total functional expenses | $604,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,528 |
| 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 | $4,985 |
| Net Land, buildings, and equipment | $6,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,816 |
| Accounts payable and accrued expenses | $19,802 |
| 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 | $71,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $90,807 |
| Net assets without donor restrictions | $204,009 |
| Net assets with donor restrictions | $0 |
| 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 | $294,816 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Fargo Moorhead Opera Company has recieved totaling $72,910.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $20,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $9,600 |
The Arts Partnership Of The Red River Valley Fargo, ND PURPOSE: GNERAL OPERATING SUPPORT | $9,000 |
Impact Foundation Fargo, ND PURPOSE: General Support | $8,250 |
Twin Cities Opera Guild Inc Saint Paul, MN | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Minnesota Opera Minneapolis, MN | $36,038,130 | $16,099,693 |
Fargo Moorhead Opera Company Fargo, ND | $294,816 | $632,093 |
Lyric Opera Of The North Incorporated Duluth, MN | $114,889 | $287,922 |
Nova Center For The Performing Arts Inc Billings, MT | $379,205 | $252,046 |
Intermountain Opera Association Of Bozeman Bozeman, MT | $402,541 | $309,633 |
Mill City Summer Opera Minneapolis, MN | $28,630 | $128,184 |
Northern Light Opera Company Incorporated Park Rapids, MN | $60,616 | $0 |
Twin Cities Opera Guild Inc Saint Paul, MN | $618,900 | $80,173 |
Skylark Opera St Paul, MN | $161,611 | $177,589 |
An Opera Theatre Minneapolis, MN | $38,594 | $0 |
Out Of The Box Opera Minneapolis, MN | $38,263 | $0 |
Western Plains Opera Company Inc Minot, ND | $53,457 | $0 |