College Light Opera Company Inc
- Assets
- $8.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Falmouth, MA
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 04-2505806
Organization Overview
College Light Opera Company Inc is located in Falmouth, MA. The organization was established in 1972. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, College Light Opera Company Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Light Opera Company 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 12/2023, College Light Opera Company Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 6.7% 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
EDUCATES AND TRAINS TALENTED STUDENTS IN THE PERFORMING ARTS AND THEATRE PRODUCTION WHILE PROVIDING EXCEPTIONAL MUSICAL THEATRE FOR CAPE COD AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAGE PRESENTATIONS OF MUSICALS AND LIGHT OPERAS THAT ARE PERFORMED FROM JUNE THROUGH AUGUST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Deborah Cohen President | OfficerTrustee | 5 | $0 |
Scott Pinkney Vice- Presid | OfficerTrustee | 5 | $0 |
David Cantor Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth Craig Secretary | OfficerTrustee | 5 | $0 |
Robert C Bock Clerk | OfficerTrustee | 5 | $0 |
Sylvia Langford Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $863,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,253 |
| Total Program Service Revenue | $487,928 |
| Investment income | $58,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,470,717 |
| 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 | $181,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,173 |
| Advertising and promotion | $40,517 |
| Office expenses | $31,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,882 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,029 |
| Insurance | $69,905 |
| All other expenses | $123,294 |
| Total functional expenses | $1,182,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $39,334 |
| 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 | $47,114 |
| Net Land, buildings, and equipment | $6,031,265 |
| Investments—publicly traded securities | $2,143,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $228,439 |
| Other assets | $0 |
| Total assets | $8,701,777 |
| Accounts payable and accrued expenses | $15,468 |
| Grants payable | $0 |
| Deferred revenue | $14,761 |
| 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 | $470,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $281,743 |
| Total liabilities | $782,222 |
| Net assets without donor restrictions | $7,796,417 |
| Net assets with donor restrictions | $123,138 |
| 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 | $8,701,777 |