Barre Opera House Inc
- Assets
- $1.8m
- Revenue
- $735.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Barre, VT
- Founding
- 04/1979
- Data as of
- 06/2022
- EIN
- 03-0270440
Organization Overview
Barre Opera House Inc is located in Barre, VT. The organization was established in 1979. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Barre Opera House Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barre Opera House 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, Barre Opera House Inc generated $735.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $491.2k during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BARRE OPERA HOUSE IS TO RESTORE, PRESERVE, AND OPERATE OUR HISTORIC VENUE AS A CENTER FOR THE PERFORMING ARTS SERVING THE ENTIRE CENTRAL VERMONT COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRE OPERA HOUSE IS A HISTORICAL PERFORMING ARTS CENTER, PRIMARILY SERVING RESIDENTS IN CENTRAL VERMONT. WE SUBSTANTIALLY COMPLETED A MULTI-YEAR MAJOR CAPITAL CAMPAIGN TO RENOVATE OUR THEATER IN FY2022. DUE TO COVID-19, WE HAD A LIMITED SEASON OF PERFORMANCES. OUR FINANCIAL RESULTS THEREFORE REFLECT THE SUBSTANTIAL LOSS OF REVENUE FROM SHOWS. OFFSETTING THIS ARE CONTRIBUTIONS FROM THE CAPITAL CAMPAIGN AND SIGNIFICANT COVID-RELATED FUNDING STREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Casey Executive Director | Officer | 50 | $67,758 |
Bill Koch Board Chair | Trustee | 2 | $0 |
Joe Preddy Vice Chair | Trustee | 2 | $0 |
David Sanguinetti Treasurer | Trustee | 2 | $0 |
John Brugger Secretary | Trustee | 2 | $0 |
Bob Pope Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connor Contracting Inc General Contractor & Project Manager | 6/29/21 | $703,045 |
Davis Furniture Company Llc Chair Sales And Installation | 6/29/21 | $113,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,236 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,819 |
| Total Program Service Revenue | $283,438 |
| Investment income | $156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,065 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $735,690 |
| 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. | $67,758 |
| Compensation of current officers, directors, key employees. | $27,103 |
| Compensation to disqualified persons | $90,925 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,509 |
| Payroll taxes | $19,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,178 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,451 |
| Information technology | $3,877 |
| Royalties | $0 |
| Occupancy | $8,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,811 |
| Insurance | $4,677 |
| All other expenses | $0 |
| Total functional expenses | $491,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,966 |
| Savings and temporary cash investments | $41,254 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,111,242 |
| Investments—publicly traded securities | $293,173 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,772,635 |
| Accounts payable and accrued expenses | $0 |
| 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 | $36,018 |
| Total liabilities | $36,018 |
| Net assets without donor restrictions | $1,736,617 |
| Net assets with donor restrictions | $0 |
| 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 | $1,772,635 |