Opera House Arts
- Assets
- $2.5m
- Revenue
- $996.5k
- Investments
- $0.0
- Employees
- 22
- Location
- Stonington, ME
- Founding
- 11/1999
- Data as of
- 10/2021
- 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 10/2021, Opera House Arts employed 22 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 10/2021, Opera House Arts generated $996.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $668.2k during the year ending 10/2021. 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
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 |
|---|---|---|---|
Anthony Adams Executive Di | Officer | 40 | $41,731 |
William Anderson Chair | OfficerTrustee | 1 | $0 |
David Stephens Vice-Chair | OfficerTrustee | 1 | $0 |
Robert Lasky Treasurer | OfficerTrustee | 1 | $0 |
Grace Gregor Clerk | OfficerTrustee | 1 | $0 |
Galen Koch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $428,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,381 |
| Noncash contributions included in lines 1a–1f | $24,682 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,918 |
| Total Program Service Revenue | $77,859 |
| Investment income | $723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,017 |
| Net Income from Fundraising Events | $35,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $996,461 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,710 |
| Payroll taxes | $22,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,290 |
| Fees for services: Accounting | $16,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,756 |
| Fees for services: Other | $505 |
| Advertising and promotion | $6,947 |
| Office expenses | $13,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,302 |
| Travel | $12,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,551 |
| Insurance | $13,910 |
| All other expenses | $0 |
| Total functional expenses | $668,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,531 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $157,001 |
| 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 | $7,858 |
| Prepaid expenses and deferred charges | $4,311 |
| Net Land, buildings, and equipment | $1,655,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,675 |
| Total assets | $2,484,317 |
| Accounts payable and accrued expenses | $18,444 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,277 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $90,784 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $119,505 |
| Net assets without donor restrictions | $1,987,188 |
| Net assets with donor restrictions | $377,624 |
| 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 | $2,484,317 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opera House Arts has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $140,281 |
| Earnings | $47,343 |
| Net Contributions | $76,500 |
| Ending Balance | $264,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Ovations Portland, ME | $2,819,277 | $2,954,618 |
Winnipesaukee Playhouse Meredith, NH | $4,588,374 | $1,260,967 |
Opera House Arts Stonington, ME | $2,484,317 | $996,461 |
M&j Company Bangor, ME | $6,064,291 | $883,861 |
Maine & Company Portland, ME | $464,139 | $628,199 |
Palaver Strings Incorporated Portland, ME | $70,592 | $548,970 |
Speak About It Portland, ME | $16,113 | $268,457 |
One Longfellow Square Inc Portland, ME | $589,311 | $748,592 |
City Theater Associates Inc 205 Main St Biddeford, ME | $352,461 | $316,671 |
Classical Uprising Brunswick, ME | $24,521 | $0 |
M & D Productions North Conway, NH | $58,960 | $80,615 |
Revels North Inc Lebanon, NH | $55,050 | $69,595 |