Greensboro Opera Company
- Assets
- $506.9k
- Revenue
- $836.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Greensboro, NC
- Founding
- 12/1979
- Data as of
- 03/2022
- EIN
- 58-1379465
Organization Overview
Greensboro Opera Company is located in Greensboro, NC. The organization was established in 1979. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro 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 03/2022, Greensboro Opera Company generated $836.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $607.0k during the year ending 03/2022. While expenses have increased by 17.7% 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
PROVIDING OPERA FOR GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRODUCTION OF AND COLLABORATION ON SEVERAL STAGED AND UNSTAGED PERFORMANCES AND RELATED EVENTS FOR THE ENJOYMENT OF THE GENERAL PUBLIC AS WELL AS EDUCATION PROGRAMS FOR STUDENTS ENROLLED IN LOCAL PUBLIC SCHOOLS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Porter Aichele President | OfficerTrustee | 4 | $0 |
Pam Cash President El | OfficerTrustee | 4 | $0 |
Lori Haddock Recording Se | OfficerTrustee | 1 | $0 |
Carolyn Hall VP Developme | OfficerTrustee | 1 | $0 |
Janet Hendley Past Preside | OfficerTrustee | 1 | $0 |
Charlene Marchant VP Education | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $260,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,858 |
| Total Program Service Revenue | $518,969 |
| Investment income | -$985 |
| 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 | $836,842 |
| 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 | $31,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,411 |
| Fees for services: Management | $19,992 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,103 |
| Advertising and promotion | $24,628 |
| Office expenses | $10,981 |
| Information technology | $2,315 |
| Royalties | $0 |
| Occupancy | $6 |
| Travel | $36,652 |
| 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 | $0 |
| Insurance | $10,187 |
| All other expenses | $46,443 |
| Total functional expenses | $606,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,743 |
| Savings and temporary cash investments | $263,770 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,977 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,391 |
| Total assets | $506,881 |
| Accounts payable and accrued expenses | -$618 |
| 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 | $17,322 |
| Total liabilities | $16,704 |
| Net assets without donor restrictions | $376,991 |
| Net assets with donor restrictions | $113,186 |
| 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 | $506,881 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Greensboro Opera Company has recieved totaling $125,765.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $65,045 |
Anonymous Fund Greensboro, NC PURPOSE: PRODUCTION OF PORGY & BESS | $25,000 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: AG RELIEF GRANT | $10,655 |
Well-Spring Ret Community Greensboro, NC PURPOSE: GENERAL SUPPORT | $10,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Virginia Opera Assoc Inc Norfolk, VA | $2,261,019 | $3,745,037 |
Newberry Opera House Foundation Inc Newberry, SC | $5,917,873 | $3,673,500 |
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 |
North Carolina Opera Inc Raleigh, NC | $458,261 | $583,965 |
Piedmont Opera Inc Winstonsalem, NC | $1,581,602 | $756,973 |
Opera Roanoke Roanoke, VA | $706,514 | $476,651 |