Foundation For Modern Opera
- Assets
- $2.0k
- Revenue
- $26.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 01/1993
- Data as of
- 12/2022
- EIN
- 04-3167463
Organization Overview
Foundation For Modern Opera is located in Worcester, MA. The organization was established in 1993. 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. Foundation For Modern Opera 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 12/2022, Foundation For Modern Opera generated $26.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.1%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHAKESPEARE CONCERTS PRESENTED TWO RELATED CONCERTS OF MUSIC BASED ON THE WORKS OF EDWARD DEVERE, A/K/A WILLIAM SHAKESPEARE. THE FIRST TOOK PLACE ON APRIL 29, 2022, AT THE NEW ENGLAND CONSERVATORY'S JORDAN HALL IN BOSTON, MA. THE SECOND PERFORMANCE WAS ON MAY 2, 2022, AT THE BRICKBOX THEATER IN WORCESTER, MA.
RELEASE OF CD OF THE FULL LIVE PERFORMANCE OF "HAMLET" BY JOSEPH SUMMER, PERFORMED IN RUSE, BULGARIA, IN JUNE 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Summer Trustee | 10 | $0 | |
Franz Maier Trustee | 0.5 | $0 | |
John Wronoski Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,015 |
| Total Revenue | $26,015 |
| 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 | $41,205 |
| Total operating and administrative expenses | $41,205 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $41,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $1,613 |
| Total assets | $1,964 |
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation For Modern Opera has recieved totaling $114,000.
| Awarding Organization | Amount |
|---|---|
Mattina R Proctor Foundation Boston, MA PURPOSE: US CAST OF JOSEPH SUMMER'S "HAMLET" | $30,000 |
Mattina R Proctor Foundation Boston, MA PURPOSE: US CAST OF JOSEPH SUMMER'S "HAMLET" | $30,000 |
Mattina R Proctor Foundation Boston, MA PURPOSE: "HAMLET" MUSIC DIRECTOR LEO HUSSAIN | $25,000 |
Mattina R Proctor Foundation Boston, MA PURPOSE: "HAMLET" MUSIC DIRECTOR LEO HUSSAIN | $25,000 |
Mattina R Proctor Foundation Boston, MA PURPOSE: CENTAUR REC-ENTERPRISES GREAT PITCH | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Boston Lyric Opera Company Boston, MA | $24,492,285 | $7,326,686 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Concerts In Motion Inc New York, NY | $1,668,907 | $960,461 |
Lake George Opera Festival Association Inc Saratoga Springs, NY | $321,221 | $1,192,996 |
Heartbeat Opera Ltd New York, NY | $491,262 | $977,495 |
Berkshire Opera Festival Pittsfield, MA | $169,179 | $840,114 |
Metropolitan Opera Club Inc New York, NY | $635,088 | $866,477 |
On Site Opera Inc New York, NY | $1,059,437 | $594,359 |
College Light Opera Company Inc Falmouth, MA | $8,396,196 | $2,077,001 |