Piedmont Opera Inc

Organization Overview

Piedmont Opera Inc is located in Winstonsalem, NC. 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, Piedmont Opera Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont 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 06/2021, Piedmont Opera Inc generated $757.0k 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 (3.9%) each year. All expenses for the organization totaled $519.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERA PRODUCTION AND PROMOTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERA PRODUCTION AND RELATED EVENTS - HIRE PROFESSIONAL CAST, ORCHESTRA, STAGE DIRECTOR, TECHNICAL CREW, THEATRE AND FACILITIES TO STAGE EVENTS.


YOUTH CHORUS - TO ENGAGE AND DEVELOP YOUTH FROM DIVERSE BACKGROUNDS AND ENRICH THEIR LIVES BY INSPIRING EXCELLENCE IN CHORAL MUSIC.


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Board, Officers & Key Employees

Name (title)Compensation
James Allbritten
General Dire
$75,000
Jessica Good
President
$0
Frank Dickerson
VP Finance
$0
Wendy Poteat
VP Dei
$0
Ed Hanes
VP Strategic
$0
Cynthia Rothschild
VP Legal
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$692,284
Investment income $7,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $21,648
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $756,973

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Piedmont Opera Inc has recieved totaling $134,492.

Awarding OrganizationAmount
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 50 GRANT(S) FOR VARYING PURPOSES

$134,492
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$207,370
Earnings-$31,617
Admin Expense-$2,859
Net Contributions$134,000
Grants-$11,125
Ending Balance$295,768

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