Amarillo Opera
- Assets
- $1.1m
- Revenue
- $449.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Amarillo, TX
- Founding
- 06/1989
- Data as of
- 08/2023
- EIN
- 75-2253647
Organization Overview
Amarillo Opera is located in Amarillo, TX. 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. As of 08/2023, Amarillo Opera employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo 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 08/2023, Amarillo Opera generated $449.9k 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 (7.0%) each year. All expenses for the organization totaled $516.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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
TO CELEBRATE THE VOICE BY PROVIDING HIGH CALIBER OPERATIC PERFORMANCES TO THE TEXAS PANHANDLE, NURTURE LOCAL TALENT THROUGH COMMUNITY OUTREACH AND BUILD PASSION FOR OPERA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERA PRODUCTIONS IN THE FALL AND SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Johnson General & Artist Director | Trustee | 25 | $65,000 |
Eric Barry President-Elect | Trustee | 1 | $0 |
Rene Brain Trustee | Trustee | 1 | $0 |
Bill Byrd Trustee | Trustee | 1 | $0 |
Broc Carter Treasurer | Trustee | 1 | $0 |
Cheryl Clark Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,091 |
| Fundraising events | $1,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,688 |
| Noncash contributions included in lines 1a–1f | $21,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $348,579 |
| Total Program Service Revenue | $78,228 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,865 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $6,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,944 |
| Payroll taxes | $10,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,470 |
| Office expenses | $16,818 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,088 |
| Insurance | $8,486 |
| All other expenses | $13,305 |
| Total functional expenses | $516,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,020 |
| 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 | $7,001 |
| Net Land, buildings, and equipment | $5,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $823,545 |
| Total assets | $1,082,128 |
| Accounts payable and accrued expenses | -$95 |
| Grants payable | $0 |
| Deferred revenue | $108,828 |
| 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 | $135,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $244,088 |
| Net assets without donor restrictions | $14,495 |
| Net assets with donor restrictions | $823,545 |
| 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 | $1,082,128 |