The Opera League Of Los Angeles
- Assets
- $1.4m
- Revenue
- $294.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 95-3736299
Organization Overview
The Opera League Of Los Angeles is located in Los Angeles, CA. The organization was established in 1982. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera League Of Los Angeles 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, Opera League Of Los Angeles generated $294.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $225.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE LOS ANGELES OPERA THROUGH VOLUNTEERISM AND FUNDRAISING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS/MUSICALES - THESE ACTIVITIES PROVIDE EDUCATIONAL AND MUSICAL BACKGROUND INFORMATION FOR MEMBERS OF THE LEAGUE TO SUPPORT THE GENERAL EDUCATIONAL GOALS.
MEMBERSHIP BENEFITS EVENTS - THESE UNIQUE ACTIVITIES ARE OFFERED TO OPERA LEAGUE OF LOS ANGELES' MEMBERS AND INCLUDE BACKSTAGE MAGIC, PREMIER, PREVIEW, VOLUNTEER APPRECIATION, AND OTHER OFFERINGS THROUGHOUT THE SEASON.
AFRICAN-AMERICANS FOR LOS ANGELES OPERA - THESE ACTIVITIES PROVIDE EDUCATIONAL MUSICAL BACKGROUND INFORMATION FOR THE BENEFIT OF THE AFRICAN-AMERICAN MEMBERS OF THE LEAGUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Calvin President | OfficerTrustee | 16 | $0 |
Gary Murphy Vice President/secretary | OfficerTrustee | 16 | $0 |
Beth Long Treasurer | OfficerTrustee | 8 | $0 |
Ruth Bachofner Director | Trustee | 4 | $0 |
Patricia Burke Director | Trustee | 2 | $0 |
Marlene Chavez Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,817 |
| Fundraising events | $35,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,697 |
| Total Program Service Revenue | $32,593 |
| Investment income | $96,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,249 |
| Net Income from Fundraising Events | $2,814 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,593 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,928 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,370 |
| Fees for services: Other | $31,878 |
| Advertising and promotion | $0 |
| Office expenses | $57,252 |
| Information technology | $13,674 |
| Royalties | $0 |
| Occupancy | $11,090 |
| 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 | $0 |
| Insurance | $916 |
| All other expenses | $400 |
| Total functional expenses | $225,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,300 |
| Savings and temporary cash investments | $20,895 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,049 |
| Prepaid expenses and deferred charges | $1,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,341,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,439,530 |
| Accounts payable and accrued expenses | $17,936 |
| 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 | $0 |
| Total liabilities | $17,936 |
| Net assets without donor restrictions | $1,096,488 |
| Net assets with donor restrictions | $325,106 |
| 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 | $1,439,530 |
Grants Awarded
Over the last fiscal year, The Opera League Of Los Angeles has awarded $215,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES OPERA PURPOSE: OPERATING SUPPORT | $125,000 |
LOS ANGELES OPERA PURPOSE: OPERA CAMP | $50,000 |
LOS ANGELES OPERA PURPOSE: EDUCATION FUND | $9,500 |
LOS ANGELES OPERA PURPOSE: IN HONOR OF PETER HEMMINGS | $1,000 |
LOS ANGELES OPERA PURPOSE: SPECIAL | $30,000 |