Opera Memphis Inc
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $4.9m
- Employees
- 17
- Location
- Memphis, TN
- Founding
- 01/1958
- Data as of
- 06/2023
- EIN
- 62-0785544
Organization Overview
Opera Memphis Inc is located in Memphis, TN. The organization was established in 1958. 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 06/2023, Opera Memphis Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Memphis 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 06/2023, Opera Memphis Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OPERA MEMPHIS IS TO ENTERTAIN AND INSPIRE THE PEOPLE OF MEMPHIS AND THE MID-SOUTH THROUGH THE ART OF OPERA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MASTERWORKS PRODUCTIONS FOCUS ON WORKS FROM THE TRADITIONAL OPERATIC CANON. THEY FEATURE WORLD-CLASS PERFORMERS, THE MEMPHIS SYMPHONY ORCHESTRA, AND OTHER LOCAL PERFORMING ARTS GROUPS.OUR KEYNOTE PROGRAM IS 30 DAYS OF OPERA, A MONTH-LONG EVENT THAT INTRODUCES OPERA INTO THE EVERYDAY ROUTINES OF MEMPHIANS. EACH SEASON, #30DAYS PRESENTS OVER 50 FREE EVENTS IN OVER 40 LOCATIONS, REACHING AN AVERAGE OF OVER 30,000 INDIVIDUALS, WITH PERFORMANCES IN EVERY ZIP CODE IN MEMPHIS.WE ALSO OFFER A VARIETY OF EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR, WHICH IN PRE-PANDEMIC YEARS REACHED OVER 17,000 CHILDREN AND ADULTS ANNUALLY. THESE ACTIVITIES, WHICH ARE SLOWLY BEING RESTORED POST-PANDEMIC INCLUDE PERFORMANCES AT MORE THAN 100 LOCAL SCHOOLS, HOSPITALS, AND COMMUNITY ORGANIZATIONS. THE HANDORF COMPANY ARTIST PROGRAM PROVIDES CAREER-BUILDING EXPERIENCES TO EMERGING SINGERS THROUGH ROBUST PERFORMANCE OPPORTUNITIES AND PERSONALIZED GOALS WHILE PROVIDING THE TOOLS AND ENTREPRENEURIAL MINDSET NECESSARY FOR CITIZEN-ARTISTS TO CHAMPION OPERA IN THE 21ST CENTURY. THE MCCLEAVE PROJECT IS A MULTI-PRONGED EFFORT TO CELEBRATE THE HISTORY OF BLACK OPERA IN MEMPHIS AND BUILD A MORE EQUITABLE FUTURE FOR THE ART. THE MCCLEAVE FELLOWSHIP PROGRAM FOR DIRECTORS AND CONDUCTORS OF COLOR ADDRESSES PIPELINE ISSUES IN OUR INDUSTRY WHILE BETTER MEETING THE NEEDS OF THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Anglin Board Chair | OfficerTrustee | 4 | $0 |
Emily Strack Vice Chair | OfficerTrustee | 4 | $0 |
Sindhia Nichols Secretary | OfficerTrustee | 4 | $0 |
Alison Turner Treasurer | OfficerTrustee | 4 | $0 |
Daniel Bastardo Blanco Trustee | Trustee | 1 | $0 |
Dr Neal S Beckford Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $966,280 |
| Noncash contributions included in lines 1a–1f | $73,483 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $966,280 |
| Total Program Service Revenue | $102,889 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,286 |
| 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 | $1,091,881 |
| 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. | $117,099 |
| Compensation of current officers, directors, key employees. | $33,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,722 |
| Fees for services: Accounting | $25,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,699 |
| Advertising and promotion | $35,515 |
| Office expenses | $28,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,062 |
| Travel | $29,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,422 |
| Insurance | $5,380 |
| All other expenses | $1,967 |
| Total functional expenses | $1,043,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $290,160 |
| 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 | $15,600 |
| Net Land, buildings, and equipment | $144,318 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,862,095 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,856 |
| Total assets | $5,948,839 |
| Accounts payable and accrued expenses | $60,923 |
| 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 | $515,718 |
| Total liabilities | $576,641 |
| Net assets without donor restrictions | $3,489,561 |
| Net assets with donor restrictions | $1,882,637 |
| 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 | $5,948,839 |