Operetta Foundation
- Assets
- $198.5k
- Revenue
- $7.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 05-0610725
Organization Overview
Operetta Foundation is located in Beverly Hills, CA. The organization was established in 2005. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operetta Foundation 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, Operetta Foundation generated $7.8k 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 (17.1%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2021. 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
PRESERVATION AND PROMOTION OF OPERETTA HERITAGE. MAINTAINS A CONTINUALLY EXPANDING LIBRARY CONTAINING AMERICA'S LARGEST COLLECTION OF OPERETTA RELATED MATERIAL - BOOKS, SCORES, SHEET MUSIC, PROGRAMS, POSTERS, AND OTHER EPHEMERA. PROVIDES RESEARCH AND PERFORMANCE MATERIALS TO OPERA AND OPERETTA COMPANIES, AUTHORS, NEWSPAPERS, RADIO, PERFORMERS, AND PUBLISHERS. PRODUCES CDS AND DVDS TO ENABLE CONTINUED DISTRIBUTION OF OPERETTA MUSIC AND PRODUCES LIVE EVENTS TO SHOWCASE RARELY PERFORMED AND ALL BUT FORGOTTEN MUSIC FROM OPERETTAS AND EARLY MUSICAL COMEDIES. SPONSORS A LOS ANGELES AREA GROUP, FRIENDS OF OPERETTA, WHOSE MISSION IS TO ENTERTAIN, EDUCATE, AND PROVIDE OPPORTUNITIES TO SHARE OPERETTA AND MUSICAL THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Miller President | 10 | $0 | |
Nan C Miller Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,300 |
| 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 | $1,530 |
| Other Income | $0 |
| Total Revenue | $7,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,368 |
| Total operating and administrative expenses | $6,368 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,370 |
| 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 | $161,221 |
| 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 | $30,939 |
| Total assets | $198,530 |
| 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 | $53 |
| Total liabilities | $53 |
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Lone Rock Foundation Santa Cruz, CA | $94,429,828 | $8,565,645 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $51,457,379 | $441,554 |