Penn Square Opera
- Assets
- $80.3k
- Revenue
- $224.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Lancaster, PA
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-3607634
Organization Overview
Penn Square Opera is located in Lancaster, PA. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Penn Square Opera employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Square 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 12/2022, Penn Square Opera generated $224.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $258.9k during the year ending 12/2022. While expenses have increased by 29.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROFESSIONAL PERFORMANCE AND TRAINING OPPORTUNITY FOR TALENTED ARTISTS AT THE BEGINING OF THEIR CAREER IN A NURTURING AND SUPPORTIVE ATMOSPHERE. TO BRING PROFESSIONAL PERFORMANCE OF OPERA AND MUSICAL THEATRE TO LANCASTER AUDIENCES AND THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LINE 24E - OTHER EXPENSES: INCLUDES ALL OTHER EXPENSES NOT INCLUDED IN LINES PROVIDED. THIS IS MADE UP OF GRANT EXPENSES (1,363), UTILITIES (5,096), DUES AND SUBSCRIPTIONS (1,663), AUDITION EXPENSES (1,134), AND MISCELLANEOUS EXPENSE (2,931).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Drackley Artistic Dir | Officer | 40 | $9,000 |
Phyllis Drackley Secretary | Officer | 2 | $0 |
Carolyn Moody Treasurer | Officer | 5 | $0 |
Susan Nichols Board Member | Officer | 2 | $0 |
Kathy Seaber Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,002 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,875 |
| Total Program Service Revenue | $70,326 |
| Investment income | $58 |
| 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 | $224,259 |
| 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. | $9,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,950 |
| 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 | $0 |
| Advertising and promotion | $19,789 |
| Office expenses | $5,278 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,048 |
| Travel | $1,242 |
| 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 | $483 |
| Insurance | $2,317 |
| All other expenses | $12,187 |
| Total functional expenses | $258,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,055 |
| 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 | $1,300 |
| Net Land, buildings, and equipment | $1,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,287 |
| Accounts payable and accrued expenses | $0 |
| 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 | $126,765 |
| Total liabilities | $126,765 |
| Net assets without donor restrictions | -$46,478 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $80,287 |