Opera Colorado
- Assets
- $4.2m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 187
- Location
- Englewood, CO
- Founding
- 11/1981
- Data as of
- 06/2021
- EIN
- 84-0850527
Organization Overview
Opera Colorado is located in Englewood, CO. The organization was established in 1981. 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, Opera Colorado employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Colorado 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, Opera Colorado generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2020-2021 SEASON, OPERA COLORADO'S FULLY STAGED GRAND OPERAS WERE CANCELLED OR POSTPONED UNTIL A FUTURE DATE DUE TO COVID-19 LOCKDOWNS. EXPENSES INCURRED WERE RELATED TO OBLIGATIONS THE COMPANY WAS UNABLE TO MOVE TO A FUTURE PERIOD.
OPERA COLORADO CREATED OC AMPLIFIED, AN INNOVATIVE NEW SERIES FOR COMMUNITY ENGAGEMENT DURING THE COVID-19 PANDEMIC. THE SERIES FEATURED BOTH IN-PERSON AND DIGITAL PERFORMANCES DESIGNED TO EXPAND AUDIENCE AND RAISE VOICES WITH THE OPERA COLORADO COMMUNITY. THE PROGRAM SERVED APPROXIMATLEY 2,000 PEOPLE DURING THE YEAR.
OPERA COLORADO ADAPTED ITS EDUCATION PROGRAMS FOR DIGITAL PRESENTATION THIS YEAR FOR ITS OPERA ON TOUR AND STORYTIME SESSION PROGRAMS. IT ALSO ADDED A DIGITAL BRAIN BREAKS SERIES. ALL PROGRAMS WERE AVAILABLE TO FAMILIES, TEACHERS, AND STUDENTS ONLINE AND OFFERED REDUCED OR FREE ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Carpenter General & Artistic Directo | Officer | 40 | $167,825 |
Paul Deckard Managing Director | Officer | 40 | $118,555 |
Erin Wenzel Development Director | 40 | $112,444 | |
Ari Pelto Music Director | 40 | $104,045 | |
Kevin O'connor Chairman Emeritus | OfficerTrustee | 5 | $0 |
Marcia Robinson President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,888,462 |
| Investment income | $281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,925,553 |
| 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. | $303,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,154,854 |
| Pension plan accruals and contributions | $30,994 |
| Other employee benefits | $88,369 |
| Payroll taxes | $169,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,043 |
| Advertising and promotion | $33,359 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,901 |
| Travel | $87,656 |
| 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 | $143,726 |
| Insurance | $27,055 |
| All other expenses | $0 |
| Total functional expenses | $2,692,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $662,994 |
| Savings and temporary cash investments | $100,426 |
| Pledges and grants receivable | $1,479,890 |
| 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 | $284,673 |
| Investments—publicly traded securities | $897,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,809 |
| Total assets | $4,199,479 |
| Accounts payable and accrued expenses | $31,256 |
| Grants payable | $0 |
| Deferred revenue | $884,946 |
| 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 | $599,059 |
| Total liabilities | $1,515,261 |
| 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 | $2,684,218 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Opera Colorado has recieved totaling $353,985.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $69,535 |
Bonfils-Stanton Foundation Denver, CO PURPOSE: FOR GENERAL OPERATING SUPPORT | $60,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $54,800 |
Galen & Ada Belle Spencer Foundation Denver, CO PURPOSE: CHARITABLE CONTRIBUTIONS | $40,000 |
Smart Family Foundation Of New York New Rochelle, NY PURPOSE: AUDIO RECORDING OF "STEAL A PENCIL FOR ME" | $25,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $22,500 |
Endowment Analysis
| Beg. Balance | $935,407 |
| Earnings | $330,528 |
| Admin Expense | $11,990 |
| Net Contributions | $26,455 |
| Ending Balance | $1,280,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Symphony & Opera Salt Lake City, UT | $65,182,568 | $24,613,086 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Utah Festival Opera Company Logan, UT | $13,283,393 | $3,306,953 |
Opera Omaha Inc Omaha, NE | $8,293,157 | $5,327,192 |
Opera Colorado Englewood, CO | $4,199,479 | $3,925,553 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Central City Opera House Association Endowment Fund Wheat Ridge, CO | $25,453,266 | $9,103,065 |
Wichita Grand Opera Inc Wichita, KS | $70,337 | $331,151 |
San Diego Opera Association Endowment Tr Phoenix, AZ | $3,546,512 | $197,286 |
Opera Theatre Of The Rockies Colorado Springs, CO | $364,216 | $113,551 |
Painted Sky Opera Inc Edmond, OK | $58,433 | $0 |