Gulfshore Opera Inc
- Assets
- $498.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Naples, FL
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 47-0989874
Organization Overview
Gulfshore Opera Inc is located in Naples, FL. The organization was established in 2014. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Gulfshore Opera Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulfshore Opera 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, Gulfshore Opera Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $999.4k 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE COMMUNITY BY PRESENTING HIGH QUALITY, DIVERSE CLASSICAL VOCAL MUSIC PERFORMANCES AND PROGRAMS. TO SUPPORT YOUTH IN MUSIC AND PARTICIPATE IN COMMUNITY BUILDING THROUGH A YOUTH DEVELOPMENT PROGRAM THAT EMPOWERS UNDER SEVERAL UNDER SERVED CHILDREN TO STRIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTED HIGH QUALITY, DIVERSE CLASSICAL AND POPULAR MUSIC PERFORMANCE IN A VARIETY OF STYLES, INCLUDING GRAND OPERA, VIGNETTES OF CLASSICAL OPERA FAVORITES AND OPERETTA 7
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Schwetz Btw Chair | OfficerTrustee | 10 | $0 |
Steffanie Pearce President | OfficerTrustee | 40 | $0 |
Michelle Westley Secretary | Officer | 25 | $0 |
Beverly Wernette Director | Trustee | 5 | $0 |
Larry Waller Development Committee Chair | Trustee | 5 | $0 |
Linda Coyle Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $756,908 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $830,839 |
| Total Program Service Revenue | $343,548 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,174,387 |
| 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 | $176,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $671,130 |
| Advertising and promotion | $94,524 |
| Office expenses | $29,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,900 |
| Insurance | $9,704 |
| All other expenses | $0 |
| Total functional expenses | $999,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $24,486 |
| Net Land, buildings, and equipment | $21,043 |
| Investments—publicly traded securities | $189,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $497,998 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,301 |
| Total liabilities | $22,301 |
| Net assets without donor restrictions | $1 |
| Net assets with donor restrictions | $475,696 |
| 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 | $497,998 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gulfshore Opera Inc has recieved totaling $42,000.
| Awarding Organization | Amount |
|---|---|
Jay R Paul Charitable Foundation Bronxville, NY PURPOSE: GENERAL SUPPORT. | $20,000 |
Community Foundation Of Collier County Naples, FL PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
William R Gruver Foundation Sanibel, FL PURPOSE: TO AID IN PROGRAM SERVICES | $1,000 |
John And Martha Odle Family Foundation Inc Naples, FL PURPOSE: GENERAL USE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Eagle Arts Academy Inc Wellington, FL | $268,349 | $5,358,637 |
Vero Beach Museum Of Art Inc Vero Beach, FL | $60,866,235 | $8,493,938 |
Grandview Preparatory School Inc Boca Raton, FL | $15,212,269 | $5,400,121 |
Arts Center Association Inc St Petersburg, FL | $13,513,737 | $4,345,570 |
Gulfshore Opera Inc Naples, FL | $497,998 | $1,174,387 |
Jacksonville Arts And Music School Jacksonville, FL | $1,043,235 | $1,052,182 |
Realize Bradenton Inc Bradenton, FL | $630,233 | $957,046 |
Young Philosophers Society Inc Shalimar, FL | $29,328 | $903,631 |
Art League Of Marco Island Inc Marco Island, FL | $1,995,611 | $956,565 |
Arts4all Florida Tampa, FL | $1,023,964 | $852,559 |
Sunflower Creative Arts Inc Delray Beach, FL | $1,506,931 | $782,866 |