Intermountain Opera Association Of Bozeman
- Assets
- $402.5k
- Revenue
- $309.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Bozeman, MT
- Founding
- 06/1979
- Data as of
- 06/2021
- EIN
- 81-0382552
Organization Overview
Intermountain Opera Association Of Bozeman is located in Bozeman, MT. The organization was established in 1979. 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, Intermountain Opera Association Of Bozeman employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intermountain Opera Association Of Bozeman 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 06/2021, Intermountain Opera Association Of Bozeman generated $309.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $177.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, PROMOTE, AND SHARE THE JOY OF OPERA IN MONTANA AND SURROUNDING AREAS, BY PRODUCING PROFESSIONAL QUALITY OPERA PERFORMANCES AT AFFORDABLE PRICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERMOUNTAIN OPERA ASSOCIATION OF BOZEMAN (IOB) IS MONTANA'S CONNECTION TO THE WONDERFUL WORLD OF OPERA. EVERY YEAR IOB PRODUCES TWO FULLY STAGED OPERA PRODUCTIONS, ONE IN OCTOBER AND ONE IN MAY WITH TWO PERFORMANCES EACH. PERFORMANCES TAKE PLACE IN THE 1,108 SEAT NEWLY REMODELED WILLSON AUDITORIUM. THE SUCCESS OF IOB PRODUCTIONS STEMS FROM THE UNIQUE FORMULA OF IMPORTING NATIONALLY KNOWN OPERA PERFORMERS FOR LEAD ROLES ALONG WITH THE FINEST CONDUCTORS AND DIRECTORS IN OPERA CIRCLES, TO MELD THEIR EXPERTISE WITH THE IOB CHORUS, ORCHESTRA, CAST AND CREW, RESULTING IN THE HIGHEST QUALITY OPERA PERFORMANCES SERVING THE VAST RURAL POPULATIONS IN MONTANA.IN ADDITION TO THE TWO ANNUAL OPERA PRODUCTIONS, IOB PRODUCES A MID-WINTER MUSICAL IN FEBRUARY OF EACH YEAR. THIS ADDITION EXPANDS THE COMMUNITY'S ACCESS TO PROFESSIONAL QUALITY MUSICAL THEATRE PRODUCTION AND CROSS PROMOTES OPERA WITH MUSICAL THEATRE. THIS ALSO OPENS AN ENTIRELY NEW LIBRARY OF REPERTOIRE FOR IOB TO EXPLORE AND SHARE WITH MONTANANS. IN CONJUNCTION WITH EVERY IOB PRODUCTION, EDUCATIONAL AND OUTREACH EVENTS ARE OFFERED. WORKSHOPS, IN-SCHOOL AND STUDENT FIELD TRIP PRESENTATIONS, COMMUNITY PROGRAMS AND MASTERCLASSES ARE SOME OF THE WAYS THAT IOB CONNECTS INDIVIDUALS MORE CLOSELY TO OPERA AND IN DOING SO ENHANCES THE OPERA EXPERIENCE. GUEST ARTISTS AND LOCAL OPERA TALENT GENEROUSLY SHARE THEIR EXPERTISE THROUGH THESE OUTREACH EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquelyn Vick Executive Director | 40 | $50,000 | |
Kenneth Christensen Immed Past Pres | Officer | 3 | $0 |
Matt Rognlie President | Officer | 5 | $0 |
Mark Ringer Treasurer | Officer | 3 | $0 |
Richard Wolff Vice President | Officer | 3 | $0 |
Sally O'neill Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $57,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,010 |
| Total Program Service Revenue | $5,475 |
| Investment income | $4,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $309,633 |
| 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. | $48,687 |
| Compensation of current officers, directors, key employees. | $12,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $520 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $523 |
| Fees for services: Accounting | $3,659 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $358 |
| Information technology | $1,164 |
| Royalties | $0 |
| Occupancy | $12,815 |
| Travel | $0 |
| 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 | $2,824 |
| Insurance | $2,817 |
| All other expenses | $5,176 |
| Total functional expenses | $177,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,017 |
| Savings and temporary cash investments | $106,931 |
| 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 | $5,715 |
| Net Land, buildings, and equipment | $5,554 |
| Investments—publicly traded securities | $171,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $402,541 |
| Accounts payable and accrued expenses | $5,378 |
| 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 | $10,503 |
| Total liabilities | $15,881 |
| Net assets without donor restrictions | $215,336 |
| Net assets with donor restrictions | $171,324 |
| 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 | $402,541 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Intermountain Opera Association Of Bozeman has recieved totaling $25,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,000 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $100 |
Endowment Analysis
| Beg. Balance | $102,787 |
| Earnings | $27,708 |
| Net Contributions | $40,829 |
| Ending Balance | $171,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fargo Moorhead Opera Company Fargo, ND | $294,816 | $632,093 |
Opera Idaho Inc Boise, ID | $618,057 | $707,547 |
Nova Center For The Performing Arts Inc Billings, MT | $379,205 | $252,046 |
Intermountain Opera Association Of Bozeman Bozeman, MT | $402,541 | $309,633 |
Sun Valley Opera Company Ketchum, ID | $167,419 | $179,668 |
Idaho Falls Opera Theater Inc Idaho Falls, ID | $49,571 | $51,748 |
Western Plains Opera Company Inc Minot, ND | $53,457 | $0 |