Vero Beach Opera Inc
- Assets
- $903.3k
- Revenue
- $404.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Vero Beach, FL
- Founding
- 10/1989
- Data as of
- 05/2022
- EIN
- 59-2883286
Organization Overview
Vero Beach Opera Inc is located in Vero Beach, FL. The organization was established in 1989. 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. Vero Beach 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 05/2022, Vero Beach Opera Inc generated $404.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $314.8k during the year ending 05/2022. While expenses have increased by 5.7% 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
ENCOURAGE AND SUPPORT OF THE OPERA IN INDIAN RIVER COUNTY, FL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE AND SUPPORT OF THE OPERA IN INDIAN RIVER COUNTY, FLORIDA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ortega-Cowan Joan Dr President | OfficerTrustee | 30 | $0 |
Loewinger Robert J Dr Vice President | OfficerTrustee | 10 | $0 |
Halsey Edward Treasurer | OfficerTrustee | 20 | $0 |
Palowich Carol Secretary | Officer | 10 | $0 |
Loewinger Marcia Director | Trustee | 10 | $0 |
Gauthier Sue Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,653 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,060 |
| Total Program Service Revenue | $109,347 |
| Investment income | -$29,716 |
| 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 | $404,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,542 |
| Advertising and promotion | $61,199 |
| Office expenses | $27,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,455 |
| Travel | $13,770 |
| 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 | $939 |
| All other expenses | $0 |
| Total functional expenses | $314,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $573,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $903,263 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,558 |
| Total liabilities | $7,558 |
| Net assets without donor restrictions | $626,033 |
| Net assets with donor restrictions | $269,672 |
| 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 | $903,263 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Vero Beach Opera Inc has recieved totaling $112,227.
| Awarding Organization | Amount |
|---|---|
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $93,227 |
Richard E And Lillian M Beckerfamily Foundation Inc Vero Beach, FL PURPOSE: GENERAL | $15,000 |
Mckeen Fund Palm Beach, FL PURPOSE: GENERAL SUPPORT | $3,000 |
The Sad Foundation 40 Birch Lane Indian River Shores, FL PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sarasota Opera Association Inc Sarasota, FL | $28,856,599 | $10,657,672 |
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Palm Beach Opera Inc West Palm Beach, FL | $12,939,353 | $9,924,286 |
Greater Miami Opera Inc Miami, FL | $224,438 | $3,555,793 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Opera Guild Inc Of Fort Lauderdale Fort Lauderdale, FL | $0 | $1,817,251 |
Florida Grand Opera Inc Miami, FL | $7,700,234 | $5,233,007 |
Opera Naples Inc Naples, FL | $3,990,493 | $1,623,867 |
Pensacola Opera Inc Pensacola, FL | $1,694,891 | $889,595 |
St Petersburg Opera Company St Petersburg, FL | $1,542,886 | $906,841 |
Opera Birmingham Birmingham, AL | $1,161,984 | $594,696 |
Mobile Opera Inc Mobile, AL | $702,189 | $369,818 |