Seattle Opera
- Assets
- $79.3m
- Revenue
- $24.0m
- Investments
- $107.4k
- Employees
- 394
- Location
- Seattle, WA
- Founding
- 04/1964
- Data as of
- 06/2022
- EIN
- 91-0760426
Organization Overview
Seattle Opera is located in Seattle, WA. The organization was established in 1964. 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 06/2022, Seattle Opera employed 394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seattle 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 06/2022, Seattle Opera generated $24.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $18.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO THRILL, INSPIRE AND EDUCATE THROUGH THE SHARED EXPERIENCE OF OPERA.
Describe the Organization's Program Activity:
DURING THE 2021/2022 SEASON, SEATTLE ARTS VENUES BEGAN THEIR REOPENING AFTER 18 MONTHS OF COVID CLOSURES. SEATTLE OPERA LAUNCHED OUR IN-PERSON REOPENING WITH AN OUTDOOR CONCERT ON THE SEATTLE CENTER CAMPUS AND THEN CONTINUED WITH 41 PERFORMANCES OF OUR MAIN SEASON. WITH STRICT COVID PROTOCOLS AND CONTINGENCY PLANS IN PLACE, WE WERE ONE OF ONLY A FEW COMPANIES IN SEATTLE AND ACROSS THE NATION THAT HAD NO PERFORMANCE CANCELLATIONS AFTER REOPENING. WE CONTINUED OUR STREAMING OPTION FOR SUBSCRIBERS WHO WERE NOT READY TO RETURN TO THE THEATER YET AND MANY TOOK US UP ON THAT. APPROXIMATELY 42,000 PEOPLE ATTENDED PERFORMANCES AT OUTDOOR VENUES, MCCAW HALL AND THE OPERA CENTER.
EDUCATION, COMMUNITY ENGAGEMENT, AND YOUTH PROGRAMS LED BY SEATTLE OPERA BEGAN TO REEMERGE FOR IN-PERSON EXPERIENCES, ALTHOUGH A HEALTHY NUMBER OF PROGRAMS CONTINUE TO BE OFFERED ONLINE. IN THE 2021/22 SEASON, OUR PROGRAMS AND PARTNERSHIP OFFERINGS SERVED OVER 3,300 ADULTS, FAMILIES, STUDENTS, AND TEACHERS. THESE PROGRAMS PROVIDED LEARNING AND ENGAGEMENT ACTIVITIES THAT FOSTERED COMMUNITY BUILDING AND DEEPENED PERSONAL CONNECTIONS WITH THE ARTS AND OPERA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Scheppelmann General Director | Officer | 60 | $307,454 |
Janey L Repensek Coo/cfo | Officer | 60 | $193,209 |
Kristina E Murti Marketing & Communications Director | 60 | $152,209 | |
Allison R Rabbit Director Of Development | 60 | $151,999 | |
Douglas J Provost Director Of Production | 60 | $130,570 | |
Aren Der Hacopian Director Of Artistic Administration & Planning | 60 | $124,566 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quality Press Printing | 6/29/21 | $102,903 |
Washington National Opera Opera Coproduction | 6/29/21 | $105,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $164,740 |
| Membership dues | $0 |
| Fundraising events | $819,876 |
| Related organizations | $2,097,229 |
| Government grants | $7,349,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,520,803 |
| Noncash contributions included in lines 1a–1f | $965,591 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,951,772 |
| Total Program Service Revenue | $5,581,263 |
| Investment income | $217,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $267,134 |
| Net Gain/Loss on Asset Sales | $3,159 |
| Net Income from Fundraising Events | -$73,268 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,974,024 |
| 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. | $579,696 |
| Compensation of current officers, directors, key employees. | $221,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,252,934 |
| Pension plan accruals and contributions | $79,561 |
| Other employee benefits | $989,442 |
| Payroll taxes | $799,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,410 |
| Fees for services: Accounting | $237,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $55,546 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,528,066 |
| Advertising and promotion | $1,189,563 |
| Office expenses | $257,636 |
| Information technology | $297,301 |
| Royalties | $94,228 |
| Occupancy | $1,268,282 |
| Travel | $414,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,702 |
| Interest | $94,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,186,541 |
| Insurance | $140,787 |
| All other expenses | $162,695 |
| Total functional expenses | $18,262,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,699,861 |
| Savings and temporary cash investments | $12,346,166 |
| Pledges and grants receivable | $2,121,806 |
| Accounts receivable, net | $42,679 |
| 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 | $878,954 |
| Net Land, buildings, and equipment | $53,844,062 |
| Investments—publicly traded securities | $5,178 |
| Investments—other securities | $107,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,277,925 |
| Total assets | $79,324,035 |
| Accounts payable and accrued expenses | $1,918,540 |
| Grants payable | $0 |
| Deferred revenue | $3,363,659 |
| 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 | $3,500,000 |
| Unsecured mortgages and notes payable | $1,576,935 |
| Other liabilities | $1,366,415 |
| Total liabilities | $11,725,549 |
| Net assets without donor restrictions | $61,859,643 |
| Net assets with donor restrictions | $5,738,843 |
| 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 | $79,324,035 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Seattle Opera has recieved totaling $1,401,225.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; TO SUPPORT THE ANNUAL FUND; IN SUPPORT OF THE BIG OPERA SHOW; TO PROVIDE GENERAL OPERATING SUPPORT; EDUCATION/OUTREACH PROGRAMS; 2021/2022 SEASON | $321,777 |
Charles Edward Stuart Charitable Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $211,470 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $174,466 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $104,700 |
Lawrence True And Linda Brown Foundation Seattle, WA PURPOSE: FURTHER CHARITABLE PURPOSES | $100,000 |
James D And Sherry Raisbeck Foundation Seattle, WA PURPOSE: GENERAL OPERATING FUNDS - THE ARTS | $90,000 |
Endowment Analysis
| Beg. Balance | $30,518,229 |
| Earnings | -$3,005,599 |
| Admin Expense | $118,266 |
| Net Contributions | $11,500 |
| Grants | $2,097,229 |
| Ending Balance | $25,308,635 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Opera Seattle, WA | $79,324,035 | $23,974,024 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Seattle Opera Foundation Seattle, WA | $25,308,635 | $469,845 |
Anchorage Opera Company Anchorage, AK | $424,330 | $648,106 |
Eugene Opera Eugene, OR | $551,034 | $541,105 |
Opera Idaho Inc Boise, ID | $618,057 | $707,547 |
Pacific Musicworks Seattle, WA | $3,895 | $242,217 |
Tacoma Opera Association Tacoma, WA | $36,365 | $305,267 |
Friends Of The Opera House Elgin, OR | $261,680 | $443,087 |
Vashon Opera Burton, WA | $111,543 | $0 |
Sun Valley Opera Company Ketchum, ID | $167,419 | $179,668 |
Juneau Lyric Opera Assn Juneau, AK | $307,968 | $0 |