Virginia Opera Assoc Inc

Organization Overview

Virginia Opera Assoc Inc is located in Norfolk, VA. The organization was established in 1975. 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 06/2021, Virginia Opera Assoc Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Opera Assoc 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 06/2021, Virginia Opera Assoc Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ATTRACT, EDUCATE, DEVELOP AND ENGAGE A DIVERSE BASE OF AUDIENCES, VOLUNTEERS AND PROFESSIONALS THROUGH THE PROMOTION AND PRODUCTION OF QUALITY OPERA PERFORMANCES IN THE COMMONWEALTH OF VIRGINIA.

Describe the Organization's Program Activity:

PERFORMANCE OF OPERAS FOR THE PUBLIC AS WELL AS CULTURAL EDUCATION PROGRAMS FOR STUDENTS AND OTHER GROUPS.


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Board, Officers & Key Employees

Name (title)Compensation
Russell P Allen
President & CEO (former)
$173,708
Peggy Kriha Dye
General Director & CEO
$31,119
Paul Winslow
Vice Chair
$0
Michael Lott
Treasurer
$0
Deborah Wyld
Chair
$0
Gwen Burroughs
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Virginia Symphony
Musical Service
$332,533
Richmond Symphony
Musical Service
$110,840
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $801,026
All other contributions, gifts, grants, and similar amounts not included above$2,962,270
Noncash contributions included in lines 1a–1f $100,560
Total Revenue from Contributions, Gifts, Grants & Similar$3,763,296
Total Program Service Revenue$10,588
Investment income $2
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $12,368
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,182
Miscellaneous Revenue$0
Total Revenue $3,745,037

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Virginia Opera Assoc Inc has recieved totaling $587,307.

Awarding OrganizationAmount
Hampton Roads Community Foundation

Norfolk, VA

PURPOSE: FOR GENERAL SUPPORT

$200,000
Hampton Roads Community Foundation

Norfolk, VA

PURPOSE: FOR GENERAL OPERATING SUPPORT

$150,000
Business Consortium For Arts Supp

Norfolk, VA

PURPOSE: ART SUPPORT

$97,020
The Community Foundation Inc

Richmond, VA

PURPOSE: GENERAL PURPOSES

$68,602
Hampton Roads Community Foundation

Norfolk, VA

PURPOSE: 2021 DESIGNATED DISTRIBUTION

$22,817
Cultureworks Inc

Richmond, VA

PURPOSE: Support Excellence in the Arts in the Richmond Region

$16,382
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$27,917
Net Contributions$1,915
Ending Balance$29,832

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