Florida Grand Opera Inc
- Assets
- $7.7m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Miami, FL
- Founding
- 02/1995
- Data as of
- 05/2022
- EIN
- 65-0496477
Organization Overview
Florida Grand Opera Inc is located in Miami, FL. The organization was established in 1995. 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, Florida Grand Opera Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Grand 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, Florida Grand Opera Inc generated $5.2m 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 (6.8%) each year. All expenses for the organization totaled $1.9m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Florida Grand Opera Inc has awarded 12 individual grants totaling $12,062,264. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH PEOPLE'S LIVES THROUGH AN AWARENESS AND DEEPER APPRECIATION OF OPERA. (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE OPERATIONS OF THE GREATER MIAMI OPERA, INC. AND THE OPERA GUILD, INC. IN THE PRODUCTION AND PRESENTATION OF OPERAS IN THEIR ORIGINAL LANGUAGES TO THE PUBLIC. OVER 2,500 PEOPLE BENEFITED FORM THE PRODUCTIONS HELD IN THE 2021/2022 SEASON. STUDIO ARTIST PROGRAM - FOUNDED IN 1984, FO'S STUDIO ARTIST ("SA") PROGRAM HAS GAINED WORLDWIDE RECOGNITION AS ONE OF THE LEADING OPERATIC TRAINING PROGRAMS IN THE UNITED STATES. THE SA PROGRAM IS DESIGNED FOR ARTISTS WHO HAVE COMPLETED ADVANCED DEGREES FROM THE TOP MUSIC SCHOOLS IN THE COUNTRY, AND HAVE OFTEN PARTICIPATED IN OTHER YEARLONG RESIDENCY PROGRAMS. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan T Danis General Director, CEO & Dir. | OfficerTrustee | 38 | $257,777 |
Victor Kendall Chief Advancement Officer | Officer | 38 | $139,707 |
Linda Balent MD Secretary | OfficerTrustee | 0.5 | $0 |
Robert B Glick CPA Treasurer | OfficerTrustee | 0.5 | $0 |
Nancy Jean Davis Director | Trustee | 0.5 | $0 |
Robert Dinerstein Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miami Syphonic Entertainment Inc Orchestra | 5/30/20 | $288,937 |
Strike Finance Corp Accounting Services | 5/30/20 | $103,232 |
Arsht Center For The Performing Arts Facility Rental And Services | 5/30/20 | $159,079 |
Strike Finance Corp Accounting Services | 5/30/20 | $103,232 |
Arsht Center For The Performing Arts Facility Rental And Services | 5/30/20 | $159,079 |
Broward Center For The Performing Arts Facility Rental And Services | 5/30/20 | $131,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,250 |
| Related organizations | $0 |
| Government grants | $2,167,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,801 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,232,188 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,633 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $130,252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,233,007 |
| 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. | $70,281 |
| Compensation of current officers, directors, key employees. | $70,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,637 |
| Pension plan accruals and contributions | $7,181 |
| Other employee benefits | $7,291 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,012 |
| Advertising and promotion | $0 |
| Office expenses | $8,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,725 |
| Insurance | $2,037 |
| All other expenses | $0 |
| Total functional expenses | $1,900,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,122 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $49,555 |
| Net Land, buildings, and equipment | $16,917 |
| Investments—publicly traded securities | $1,018,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,501,028 |
| Total assets | $7,700,234 |
| Accounts payable and accrued expenses | $554,572 |
| 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 | $146,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,600 |
| Total liabilities | $704,572 |
| Net assets without donor restrictions | $5,050,657 |
| Net assets with donor restrictions | $1,945,005 |
| 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 | $7,700,234 |
Grants Awarded
Over the last fiscal year, Florida Grand Opera Inc has awarded $840,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: SUPPORT | $840,109 |
Fort Lauderdale, FL PURPOSE: SUPPORT | $0 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Florida Grand Opera Inc has recieved totaling $313,419.
| Awarding Organization | Amount |
|---|---|
Laurans A & Arlene H Mendelosn Charitable Foundation Inc Miami, FL PURPOSE: SUPPORT OF OPERA IN FLORIDA | $100,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $78,300 |
Community Foundation Of Broward Inc Fort Lauderdale, FL PURPOSE: ARTS AND CULTURE | $39,550 |
Gelatt-Gephart Foundation Inc La Crosse, WI PURPOSE: GENERAL | $35,000 |
Michaels Family Foundation Of Naples, FL PURPOSE: TO PROVIDE ARTS EDUCATION | $15,688 |
Fifty Over Fifty Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $947,973 |
| Earnings | -$29,361 |
| Net Contributions | $100,000 |
| Ending Balance | $1,018,612 |
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 |