Tibbits Opera House Endowment Inc
- Assets
- $137.8k
- Revenue
- $33.1k
- Investments
- $134.9k
- Employees
- 0
- Location
- Coldwater, MI
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 02-0697823
Organization Overview
Tibbits Opera House Endowment Inc is located in Coldwater, MI. The organization was established in 2003. According to its NTEE Classification (A6A) the organization is classified as: Opera, 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. Tibbits Opera House Endowment 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 12/2021, Tibbits Opera House Endowment Inc generated $33.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $19.8k during the year ending 12/2021. While expenses have increased by 10.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN ENDOWMENT FUND FOR THE TIBBITS OPERA HOUSE TO COVER MAINTENANCE AND PROGRAMMING EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Gordon Treasurer | 1 | $0 | |
Brian Hodson Director | 1 | $0 | |
Tod Dally President | 1 | $0 | |
Wayne Weaver Director | 1 | $0 | |
Ken Delaney Director | 1 | $0 | |
Ray Sebastian Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,481 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,931 |
| Capital Gain Net Income | $20,931 |
| Net ST Capital Gain | $569 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,514 |
| Total operating and administrative expenses | $3,514 |
| Contributions, gifts, grants paid | $16,247 |
| Total expenses and disbursements | $19,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,900 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $137,825 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Opera Association Cincinnati, OH | $40,351,951 | $5,063,717 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Opera Association Of Central Ohio Columbus, OH | $1,269,312 | $1,287,831 |
Toledo Opera Association Toledo, OH | $4,577,028 | $1,254,776 |
Indianapolis Opera Company Indianapolis, IN | $3,256,088 | $1,429,356 |
Opera Grand Rapids Grand Rapids, MI | $2,048,436 | $784,571 |
Opera For The Young Inc Madison, WI | $518,511 | $325,341 |
Opera Western Reserve Incoporated Youngstown, OH | $112,627 | $0 |
Resonanz Albany Singer Intensive Festival Mentor, OH | $3,066 | $0 |
Milwaukee Opera Theatre Inc Elm Grove, WI | $172,296 | $0 |