Shreveport Opera
- Assets
- $1.3m
- Revenue
- $820.3k
- Investments
- $523.7k
- Employees
- 6
- Location
- Shreveport, LA
- Founding
- 04/1962
- Data as of
- 06/2020
- EIN
- 72-6021455
Organization Overview
Shreveport Opera is located in Shreveport, LA. The organization was established in 1962. 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 06/2021, Shreveport Opera employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shreveport 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 06/2020, Shreveport Opera generated $820.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $598.6k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SHREVEPORT OPERA IS TO PRODUCE PROFESSIONAL OPERA AND MUSICAL PRODUCTIONS OF THE HIGHEST ARTISTIC QUALITY AND PROVIDES EDUCATIONAL PROGRAMMING AND OUTREACH TO CHILDREN, YOUTH AND ADULTS IN THE ARK-LA-TEX REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHREVEPORT OPERA PRODUCES PROFESSIONAL OPERA AND MUSICAL PRODUCTIONS OF THE HIGHEST ARTISTIC QUALITY AND PROVIDES EDUCATIONAL PROGRAMMING AND OUTREACH TO CHILDREN, YOUTH AND ADULTS IN THE ARK-LA-TEX REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Aiken General Artistic Director | Trustee | 40 | $96,500 |
Marcia Moffatt Secretary | OfficerTrustee | 2.5 | $0 |
Tom Simms III Treasurer | OfficerTrustee | 2.5 | $0 |
Jodie Glorioso President | OfficerTrustee | 2.5 | $0 |
Eugene Forsythe Director | Trustee | 1 | $0 |
Cynthia Murray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,701 |
| Investment income | $9,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $820,287 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $204,644 |
| Pension plan accruals and contributions | $5,286 |
| Other employee benefits | $19,537 |
| Payroll taxes | $17,441 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,191 |
| Advertising and promotion | $1,947 |
| Office expenses | $15,555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,871 |
| Travel | $14,499 |
| 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 | $15,886 |
| Insurance | $23,305 |
| All other expenses | $0 |
| Total functional expenses | $598,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,000 |
| 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 | $3,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $523,702 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,994 |
| Total assets | $1,250,976 |
| Accounts payable and accrued expenses | $10,093 |
| 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 | $41,994 |
| Total liabilities | $52,087 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,198,889 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shreveport Opera has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Jack Webster Grigsby Foundation Shreveport, LA PURPOSE: LES BOUTIQUES DE NOEL | $5,000 |
Endowment Analysis
| Beg. Balance | $523,702 |
| Earnings | $128,311 |
| Net Contributions | $126,000 |
| Ending Balance | $778,013 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Grand Opera Association Inc Houston, TX | $24,871,609 | $29,084,949 |
Dallas Opera Dallas, TX | $12,450,406 | $12,715,764 |
Austin Lyric Opera Austin, TX | $5,702,498 | $4,387,471 |
New Orleans Opera Association New Orleans, LA | $1,767,831 | $2,067,617 |
Fort Worth Opera Association Inc Fort Worth, TX | $969,586 | $1,862,181 |
Shreveport Opera Shreveport, LA | $1,250,976 | $820,287 |
Grand Opera House Of The South Inc Crowley, LA | $3,898,280 | $425,280 |
Opera In The Heights Houston, TX | $107,147 | $473,780 |
Opera Louisiane Inc Baton Rouge, LA | $146,256 | $469,217 |
Amarillo Opera Amarillo, TX | $1,225,102 | $559,507 |
Mississippi Opera Association Inc Jackson, MS | $121,555 | $240,015 |
Opas Encore Inc Bryan, TX | $38,739 | $254,931 |