Lake George Opera Festival Association Inc
- Assets
- $217.7k
- Revenue
- $867.3k
- Investments
- $0.0
- Employees
- 41
- Location
- Saratoga Springs, NY
- Founding
- 07/1964
- Data as of
- 09/2023
- EIN
- 13-2505803
Organization Overview
Lake George Opera Festival Association Inc is located in Saratoga Springs, NY. The organization was established in 1964. 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 09/2023, Lake George Opera Festival Association Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake George Opera Festival Association 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 09/2023, Lake George Opera Festival Association Inc generated $867.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $970.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
TO SERVE THE COMMUNITIES OF SARATOGA SPRINGS, THE LOWER ADIRONDACK AND NEW YORK STATE CAPITAL AREAS BY PROVIDING ACCESS TO WORLD-CLASS OPERA THROUGH THE PRODUCTION OF AN ANNUAL SUMMER FESTIVAL, AS WELL AS YEAR-ROUND ACTIVITIES INCLUDING EXTENSIVE EDUCATIONAL PROGRAMS, MENTORSHIP OF EMERGING OPERATIC ARTISTS, AND UNIQUE OPPORTUNITIES FOR THE PUBLIC TO EXPERIENCE OPERA IN BOTH ITS HOME THEATER AND NON-TRADITIONAL VENUES THAT LEVERAGE AND EMBRACE THE UNIQUE CULTURAL, HISTORIC, AND NATURAL RESOURCES OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE GEORGE OPERA FESTIVAL (OPERA SARATOGA) PRESENTED ITS 63RD SUMMER FESTIVAL, COMPRISED OF THREE STAGED OPERAS INCLUDING A FREE, FAMILY FRIENDLY OPERA, AS WELL AS A VARIETY OF CONCERTS AND COMMUNITY EVENTS IN SARATOGA SPRINGS AND THE CAPITAL REGION, INCLUDING BUT NOT LIMITED TO, UNIVERSAL PRESERVATION HALL, SPA LITTLE THEATRE IN SARATOGA SPRINGS STATE PARK, SARATOGA SPRINGS PUBLIC LIBRARY, SCHENECTADY CIVIC PLAYHOUSE, SARATOGA FARMERS' MARKET, AND PITNEY MEADOWS COMMUNITY FARM. OPERA SARATOGA'S FESTIVAL ARTIST PROGRAM PROVIDED PROFESSIONAL TRAINING AND MENTORSHIP TO GIFTED SINGERS, CONDUCTORS, AND DIRECTORS WHO WERE IN RESIDENCE AT THE COMPANY FOR A 6-WEEK PERIOD DURING THE SUMMER FESTIVAL. IN ADDITION TO THE SUMMER SEASON, THE COMPANY LAUNCHED ITS CAPITAL REGION-WIDE SONGS BY HEART PROGRAM FOR INDIVIDUALS SUFFERING FROM ALZHEIMERS AND OTHER FORMS OF DIMENSIA, AS WELL AS CONTINUING ITS AMERICA SINGS PROGRAMING, ALLOWING BIPOC ARTISTS TO CURATE AND PERFORM RECITALS AT THE HISTORIC CAFFE LENA IN SARATOGA SPRINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Lloyd Ex Officio | Trustee | 40 | $0 |
Robert Miller Chairman | OfficerTrustee | 4 | $0 |
Martha Strohl President Emeritus | OfficerTrustee | 4 | $0 |
Kenneth Ritzenberg Governance Chair | OfficerTrustee | 4 | $0 |
Steven Rosenblum President | OfficerTrustee | 4 | $0 |
Christopher Cernik Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $616,917 |
| Total Program Service Revenue | $171,989 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $68,981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $867,287 |
| 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 | $244,497 |
| Pension plan accruals and contributions | $3,822 |
| Other employee benefits | $16,962 |
| Payroll taxes | $23,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,961 |
| Office expenses | $1,608 |
| Information technology | $2,780 |
| Royalties | $0 |
| Occupancy | $13,213 |
| Travel | $47,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $502 |
| Insurance | $15,324 |
| All other expenses | $11,952 |
| Total functional expenses | $970,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,337 |
| 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 | $1,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,675 |
| Total assets | $217,717 |
| Accounts payable and accrued expenses | $32,386 |
| Grants payable | $0 |
| Deferred revenue | $6,486 |
| 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 | $600,000 |
| Other liabilities | $0 |
| Total liabilities | $638,872 |
| Net assets without donor restrictions | -$500,155 |
| Net assets with donor restrictions | $79,000 |
| 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 | $217,717 |