Opera Roanoke
- Assets
- $706.5k
- Revenue
- $476.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Roanoke, VA
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 51-0213334
Organization Overview
Opera Roanoke is located in Roanoke, VA. The organization was established in 1977. 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, Opera Roanoke employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Roanoke 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, Opera Roanoke generated $476.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $471.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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
OPERA PRODUCTION, APPRECIATION AND OUTREACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRODUCE OPERA OF HIGH ARTISTIC QUALITY AND THROUGH OPERA, TO ENHANCE THE CULTURAL QUALITY OF LIFE IN SOUTHWESTERN VIRGINIA. TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH AND ADULTS TO LEARN MORE ABOUT OPERA AND THE LIFELONG ENJOYMENT TO BE DERIVED FROM A BETTER UNDERSTANDING OF AND INVOLVEMENT IN THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Tolley General Dire | Officer | 40 | $55,000 |
Paula Prince Secretary | OfficerTrustee | 2 | $0 |
Dr William Krause Past Preside | OfficerTrustee | 2 | $0 |
Robert Nordt Treasurer | OfficerTrustee | 2 | $0 |
Daniel Summerlin III President | OfficerTrustee | 2 | $0 |
Barbara Claparede-Crola Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,020 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,100 |
| Total Program Service Revenue | $74,882 |
| Investment income | $8,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,651 |
| 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. | $60,400 |
| Compensation of current officers, directors, key employees. | $10,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,333 |
| Payroll taxes | $10,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,078 |
| Office expenses | $18,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,312 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250 |
| Insurance | $8,903 |
| All other expenses | $0 |
| Total functional expenses | $471,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $31,450 |
| 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 | $3,964 |
| Net Land, buildings, and equipment | $625 |
| Investments—publicly traded securities | $628,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,514 |
| Accounts payable and accrued expenses | $25,872 |
| 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 | $0 |
| Total liabilities | $25,872 |
| Net assets without donor restrictions | $680,642 |
| 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 | $706,514 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Opera Roanoke has recieved totaling $30,200.
| Awarding Organization | Amount |
|---|---|
Community Foundation Serving Western Virginia Roanoke, VA PURPOSE: ARTS, CULTURE & HUMANITIES | $18,900 |
Ceres Foundation Inc Charleston, SC PURPOSE: OUTDOOR | $10,000 |
Rugaber Family Fund Meadows Of Dan, VA PURPOSE: ARTS | $1,000 |
Evelyn F James Foundation Roanoke, VA PURPOSE: CONTRIBUTION | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Endowment Analysis
| Beg. Balance | $717,108 |
| Earnings | -$80,836 |
| Net Contributions | $24,000 |
| Other Expense | $39,341 |
| Ending Balance | $620,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Opera Assoc Inc Norfolk, VA | $2,261,019 | $3,745,037 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Nashville Opera Association Nashville, TN | $10,829,028 | $1,740,899 |
Opera Carolina Charlotte, NC | $1,027,140 | $1,727,592 |
Knoxville Opera Company Knoxville, TN | $1,743,174 | $1,430,096 |
Opera Memphis Inc Memphis, TN | $5,037,117 | $1,438,726 |
Greensboro Opera Company Greensboro, NC | $506,881 | $836,842 |
Washington Concert Opera Washington, DC | $1,135,902 | $609,640 |
North Carolina Opera Inc Raleigh, NC | $458,261 | $583,965 |
Piedmont Opera Inc Winstonsalem, NC | $1,581,602 | $756,973 |
Baltimore Concert Opera Inc Baltimore, MD | $582,728 | $367,898 |
Opera Roanoke Roanoke, VA | $706,514 | $476,651 |