Kentucky Opera Association Inc
- Assets
- $4.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Louisville, KY
- Founding
- 01/1968
- Data as of
- 05/2022
- EIN
- 61-6013111
Organization Overview
Kentucky Opera Association Inc, operating under the name Kentucky Opera, is located in Louisville, KY. The organization was established in 1968. 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 05/2022, Kentucky Opera employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Opera 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, Kentucky Opera generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.1m during the year ending 05/2022. 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
KENTUCKY OPERA PROMOTES A MORE EMPATHETIC AND COMPASSIONATE COMMUNITY WITH STORYTELLING THROUGH OPERA THEATRE AND ITS COMPONENT ART FORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER A 2 YEAR HIATUS DUE TO THE PANDEMIC SHUTDOWN ORDERS, KENTUCKY OPERA RESUMED MAINSTAGE PRODUCTIONS ON A REDUCED SCALE WITH INCREASED AUDIENCE AND PRODUCTION SAFETY PRECAUTIONS. OUTDOOR PROGRAMS CONTINUED INTO THE FALL. KENTUCKY OPERA PRODUCED A FULLY STAGED HOLIDAY PROGRAM FEATURING THE LOCAL CHORUS, COMPLETING THE MAINSTAGE SEASON WITH 2 SMALL-SCALE OPERAS. ADDITIONALLY, KENTUCKY OPERA HOSTED THE WORKSHOP FOR THIS LITTLE LIGHT OF MINE, THE STORY OF FANNIE LOU HAMER; THIS NEW WORK WAS CO-COMMISSIONED WITH SANTA FE OPERA. ONLINE PROGRAMMING FOR ADULTS AND CHILDREN CONTINUED. WITH THESE PROGRAMS, KENTUCKY OPERA SERVED OVER 35,000 PEOPLE THROUGH IN-PERSON AND VIDEO PROGRAMMING.
KENTUCKY OPERA WAS NOTIFIED THAT THEIR OFFICE BUILDING WAS BEING SOLD BY THE LANDLORD (FUND FOR THE ARTS), AND NEEDED TO LOCATE A NEW FACILITY. KENTUCKY OPERA'S ADMINISTRATIVE OFFICES AND PRODUCTION OPERATIONS MOVED TO 708 MAGAZINE STREET. THIS NEW OPERA CENTER HOUSES A REHEARSAL HALL, CLASSROOMS, COSTUME SHOP, AND PROPS STORAGE, AND WILL ALSO SERVE AS AN ACTIVE CIVIC CENTER WITH ARTISTIC AND EDUCATIONAL PROGRAMMING.
KENTUCKY OPERA IS COMMITTED TO CREATING A MORE JUST AND COMPASSIONATE WORLD THROUGH THE ARTS. KENTUCKY OPERA'S BOARD AND STAFF CONTINUES TO INVESTED IN EQUITY TRAINING WITH METRICS AND PLANS TO INCREASE SERVICE TO SPECIFIC, DIVERSE GROUPS OF OUR COMMUNITY. THESE PLANS WILL GUIDE KENTUCKY OPERA AS IT CONTINUES TO BUILD A SENSE OF BELONGING FOR MORE PEOPLE FROM COMMUNITIES NOT HISTORICALLY SERVED THROUGH OPERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Lynn Jamison General Director/ceo | Officer | 40 | $109,371 |
Anita M Streeter Chair | OfficerTrustee | 4 | $0 |
Matthew E Hamel Treasurer/senior Vice Chair | OfficerTrustee | 2 | $0 |
Stephen D Berger Trustee | Trustee | 1 | $0 |
Charles C Barr MD Trustee | Trustee | 1 | $0 |
John J Davis III Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,647 |
| Related organizations | $0 |
| Government grants | $376,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,009,820 |
| Noncash contributions included in lines 1a–1f | $9,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,453,048 |
| Total Program Service Revenue | $177,201 |
| Investment income | $90,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $339,430 |
| Net Income from Fundraising Events | -$17,162 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,050,260 |
| 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. | $129,491 |
| Compensation of current officers, directors, key employees. | $32,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $598,957 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,411 |
| Payroll taxes | $52,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $470,666 |
| Advertising and promotion | $116,667 |
| Office expenses | $144,927 |
| Information technology | $18,861 |
| Royalties | $550 |
| Occupancy | $302,276 |
| Travel | $81,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95 |
| Interest | $1,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,144 |
| Insurance | $28,401 |
| All other expenses | $5,338 |
| Total functional expenses | $2,133,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,620 |
| Pledges and grants receivable | $343,442 |
| 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 | $38,234 |
| Net Land, buildings, and equipment | $276,349 |
| Investments—publicly traded securities | $4,188,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,939,443 |
| Accounts payable and accrued expenses | $54,395 |
| Grants payable | $0 |
| Deferred revenue | $48,996 |
| 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 | $450,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,362 |
| Total liabilities | $664,753 |
| Net assets without donor restrictions | $247,219 |
| Net assets with donor restrictions | $4,027,471 |
| 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 | $4,939,443 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Opera Association Inc has recieved totaling $15,027.
| Awarding Organization | Amount |
|---|---|
Harry L & June Macneill Swaim Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING FUNDS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $4,532,579 |
| Earnings | -$158,146 |
| Other Expense | $171,961 |
| Ending Balance | $4,202,472 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Cincinnati Opera Association Cincinnati, OH | $40,351,951 | $5,063,717 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
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 Association Of Central Ohio Columbus, OH | $1,269,312 | $1,287,831 |
Toledo Opera Association Toledo, OH | $4,577,028 | $1,254,776 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Knoxville Opera Company Knoxville, TN | $1,743,174 | $1,430,096 |
Opera Memphis Inc Memphis, TN | $5,037,117 | $1,438,726 |