Portland Opera Association Inc

Organization Overview

Portland Opera Association Inc is located in Portland, OR. The organization was established in 1965. 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, Portland Opera Association Inc employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Opera Association Inc 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, Portland Opera Association Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WE GATHER AND INSPIRE AUDIENCES, ARTISTS, AND COLLABORATORS TO CREATE SHARED OPERA EXPERIENCES THAT ENLIVEN AND CONNECT US ALL, ENHANCING THE CULTURAL LANDSCAPE OF THE BEAUTIFUL PACIFIC NORTHWEST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PORTLAND OPERA EXISTS TO INSPIRE, CHALLENGE AND UPLIFT OUR AUDIENCES BY CREATING PRODUCTIONS OF HIGH ARTISTIC QUALITY THAT CELEBRATE THE BEAUTY AND BREADTH OF OPERA. ON AND BEYOND THE STAGE, WE SHARE OPERA WITH MORE THAN 400,000 PEOPLE ANNUALLY THROUGH FREE CONCERTS, PREVIEWS, LECTURES, BROADCASTS AND OTHER COMMUNITY PROGRAMS, INCLUDING EDUCATION EFFORTS THAT REACH MORE THAN 25,000 YOUNG PEOPLE. THE COMPANY IS ALSO A LEADER IN THE DEVELOPMENT OF NEW OPERA TALENT, WITH PORTLAND OPERA RESIDENT ARTISTS PROGRAM, CONSIDERED ONE OF THE FINEST PROFESSIONAL RESIDENCIES FOR EARLY- CAREER OPERA SINGERS IN THE NATION. THE COMPANY WORKS CLOSELY WITH SCHOOLS TO PROVIDE EDUCATIONAL AND OUTREACH OPPORTUNITIES FOR CERTAIN SHOWS, INCLUDING BACKSTAGE TOURS, "CHAT BACKS" WITH CAST MEMBERS, MASTER CLASSES, AND RELATED ACTIVITIES IN ADDITION TO STUDENT GROUP AND RUSH TICKET DISCOUNTS. OUR GROUP SALES DEPARTMENT WORKS CLOSELY WITH A NUMBER OF NOT- FOR-PROFIT ORGANIZATIONS ON GALA AND BENEFIT EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Dixon
General Dire
$156,972
Richard Seals
CFO
$113,233
Matthew Essieh
Treasurer
$0
Bill Sweat
President
$0
Kregg Arnston
Vice Preside
$0
Jamey Hampton
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,429,568
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,429,568
Total Program Service Revenue$552,992
Investment income $577,666
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $309,823
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 $6,427,298

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Portland Opera Association Inc has recieved totaling $893,838.

Awarding OrganizationAmount
James F And Marion L Miller Foundation

Portland, OR

PURPOSE: COVID19 SUPPORT

$250,000
James F And Marion L Miller Foundation

Portland, OR

PURPOSE: POA LARGE ARTS INITIATIVE 19 20 21

$250,000
Oregon Community Foundation

Portland, OR

PURPOSE: Music

$170,479
Regional Arts & Culture Council

Portland, OR

PURPOSE: GENERAL OPERATING SUPPORT

$92,500
Collins Foundation

Portland, OR

PURPOSE: SUPPORT OPERATIONS AND PROGRAMS FOR AUDIENCES STATEWIDE AS THE ORGANIZATION RECOVERS FROM THE IMPACTS OF COVID-19, DEEPENS ITS COMMITMENT TO EQUITY, AND PROCEEDS THROUGH A PERIOD OF ORGANIZATIONAL TRANSITIONS

$50,000
Collins Foundation

Portland, OR

PURPOSE: SUPPORT OPERATIONS, PROGRAMS, AND DEI WORK DURING AN ORGANIZATIONAL TRANSITION TO BETTER SERVE AUDIENCES IN MULTNOMAH COUNTY

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,548,673
Earnings-$976,894
Other Expense$533,246
Ending Balance$6,038,533

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