Opera House Arts
- Assets
- $2.0m
- Revenue
- $737.8k
- Investments
- $0.0
- Employees
- 37
- Location
- Stonington, ME
- Founding
- 11/1999
- Data as of
- 10/2023
- EIN
- 01-0526734
Organization Overview
Opera House Arts is located in Stonington, ME. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2023, Opera House Arts employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera House Arts 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 10/2023, Opera House Arts generated $737.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $857.9k during the year ending 10/2023. While expenses have increased by 0.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PUBLIC INTEREST IN AND UNDERSTANDING OF THE PERFORMING AND VISUAL ARTS, TO PROVIDE A FORUM FOR REGIONAL AND NATIONAL ARTISTS TO EXPOSE THEIR WORK, AND TO OFFER WORKSHOPS, CLASSES AND SEMINARS TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE PUBLIC INTEREST IN AND UNDERSTANDING OF THE PERFORMING AND VISUAL ARTS, TO PROVIDE A FORUM FOR REGIONAL AND NATIONAL ARTISTS TO EXPOSE THEIR WORK, AND TO OFFER WORKSHOPS, CLASSES AND SEMINARS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Anderson Immediate Pa | Trustee | 1.25 | $0 |
David Stephens Chair | OfficerTrustee | 6.25 | $0 |
Grace Gregor Director | Trustee | 1.25 | $0 |
Kate Caldwell Chair Ext Af | OfficerTrustee | 1.5 | $0 |
Galen Koch Secretary | OfficerTrustee | 3.75 | $0 |
Peter Richards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,759 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,233 |
| Noncash contributions included in lines 1a–1f | $22,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,992 |
| Total Program Service Revenue | $117,762 |
| Investment income | $85 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $96,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,845 |
| 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. | $88,980 |
| Compensation of current officers, directors, key employees. | $29,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,014 |
| Payroll taxes | $31,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,460 |
| Fees for services: Accounting | $15,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,980 |
| Advertising and promotion | $38,083 |
| Office expenses | $2,498 |
| Information technology | $9,364 |
| Royalties | $0 |
| Occupancy | $75,245 |
| Travel | $20,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,487 |
| Insurance | $12,999 |
| All other expenses | $0 |
| Total functional expenses | $857,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,960 |
| Savings and temporary cash investments | $14,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,901 |
| Prepaid expenses and deferred charges | $3,162 |
| Net Land, buildings, and equipment | $1,569,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,883 |
| Total assets | $2,000,631 |
| Accounts payable and accrued expenses | $29,644 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,737 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $82,179 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,313 |
| Total liabilities | $127,873 |
| Net assets without donor restrictions | $1,629,877 |
| Net assets with donor restrictions | $242,881 |
| 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 | $2,000,631 |