Opera On The James
- Assets
- $2.2m
- Revenue
- $293.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Lynchburg, VA
- Founding
- 12/2005
- Data as of
- 06/2021
- EIN
- 56-2521625
Organization Overview
Opera On The James is located in Lynchburg, VA. The organization was established in 2005. 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, Opera On The James employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera On The James 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, Opera On The James generated $293.7k 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 (6.1%) each year. All expenses for the organization totaled $258.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERA ON THE JAMES WILL ATTRACT AND INVOLVE CENTRAL VIRGINIANS IN THE FULL RANGE OF OPERATIC ARTS BY PROVIDING DIVERSE, ACCESSIBLE PRODUCTIONS PERFORMED BY NATIONALLY AND REGIONALLY ACCLAIMED ARTISTS THAT WILL EDUCATE, INSPIRE, AND ENGAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE THREE OPERA PERFORMANCES PRODUCED BY THE ORGANIZATION DURING THE YEAR.
THE TYLER YOUNG ARTIST PROGRAM IS A TRAINING PROGRAM TO IDENTIFY EMERGING PROFESSIONAL OPERA SINGERS AND GIVE THEM THE OPPORTUNITY TO SHARE THEIR LOVE OF OPERA. THIS PROGRAM PROVIDES PERFORMANCES TO CHILDREN AND YOUTH IN SCHOOLS, IN COMMUNITY VENUES AND ON THE MAIN STAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Leonard General Director | Officer | 40 | $54,000 |
Marco Nistico General Director | Officer | 40 | $21,156 |
Liz Foster President And Executive Chair | OfficerTrustee | 2 | $0 |
Marjorie Keymer Vice President And Directo | OfficerTrustee | 2 | $0 |
Doug Lee Treasurer And Director | OfficerTrustee | 5 | $0 |
Bettye Thomas Chambers Secretary And Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,099 |
| Noncash contributions included in lines 1a–1f | $11,956 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,654 |
| Total Program Service Revenue | $4,737 |
| Investment income | $25,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,261 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,661 |
| 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. | $21,156 |
| Compensation of current officers, directors, key employees. | $7,052 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,931 |
| Payroll taxes | $4,334 |
| Fees for services: Management | $54,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,761 |
| Fees for services: Other | $475 |
| Advertising and promotion | $1,795 |
| Office expenses | $14,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,841 |
| Travel | -$227 |
| 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 | $22,193 |
| Insurance | $0 |
| All other expenses | $4,400 |
| Total functional expenses | $258,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,884 |
| Savings and temporary cash investments | $48,427 |
| Pledges and grants receivable | $46,789 |
| 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 | $12,396 |
| Net Land, buildings, and equipment | $456,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,588,933 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,180,458 |
| Accounts payable and accrued expenses | $1,825 |
| 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 | $1,585 |
| Total liabilities | $3,410 |
| Net assets without donor restrictions | $1,765,018 |
| Net assets with donor restrictions | $412,030 |
| 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 | $2,180,458 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Opera On The James has recieved totaling $42,955.
| Awarding Organization | Amount |
|---|---|
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: ANNUAL DONOR-DESIGNATED GRANT; SUMMER PICNIC CONCERT SERIES | $23,755 |
Schewel Charitable Foundation Lynchburg, VA PURPOSE: OPERATIONAL EXPENSES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,200 |
Boyd And Joan Kelley Charitable Foundation Wichita Falls, TX PURPOSE: OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $1,109,806 |
| Earnings | $145,494 |
| Net Contributions | $463,126 |
| Other Expense | $123,944 |
| Grants | -$5,549 |
| Ending Balance | $1,588,933 |
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 |