Lake George Opera Festival Association Inc
- Assets
- $321.2k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Saratoga Springs, NY
- Founding
- 07/1964
- Data as of
- 09/2021
- 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 09/2021, Lake George Opera Festival Association Inc employed 21 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 09/2021, Lake George Opera Festival Association Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $937.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 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
2021
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
DUE TO COVID19 LAKE GEORGE OPERA FESTIVAL (OPERA SARATOGA) PRESENTED ITS SUMMER FESTIVAL, COMPRISED OF TWO OUTDOOR, FULLY STAGED OPERAS, ALONG WITH A VARIETY OF CONCERTS AND EDUCATIONAL EVENTS FOR THE COMMUNITY AT VENUES AROUND THE REGION. OPERA SARATOGA'S APPRENTICE PROGRAM PROVIDED HIGHLY PERSONALIZED 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. THE COMPANY ALSO PRESENTED ITS OPERA-TO-GO PROGRAM AS A VIRTUAL EDUCATION PROGRAM AT NO COST FOR ANY AND ALL EDUCATORS IN THE CAPITAL REGION; ALONG WITH BOTH VIRTUAL AND IN-PERSON COMMUNITY ENGAGEMENT EVENTS AND FREE CONCERTS THROUGHOUT THE YEAR TO PROVIDE ACCESS TO OPERA AND CLASSICAL VOCAL MUSIC TO DIVERSE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Edelson Artistic And General Direc | Trustee | 40 | $78,000 |
Cindy Spence Vice President | OfficerTrustee | 2 | $0 |
Martha Strohl President | OfficerTrustee | 4 | $0 |
Kenneth Ritzenberg Teasurer | OfficerTrustee | 4 | $0 |
Robert Miller Chairman | OfficerTrustee | 4 | $0 |
Steven Rosenblum Secretary | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $920,799 |
| Total Program Service Revenue | $219,631 |
| 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 | $50,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,996 |
| 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 | $237,923 |
| Pension plan accruals and contributions | $7,137 |
| Other employee benefits | $30,790 |
| Payroll taxes | $23,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,377 |
| Office expenses | $3,406 |
| Information technology | $2,601 |
| Royalties | $0 |
| Occupancy | $10,378 |
| Travel | $34,603 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,874 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302 |
| Insurance | $8,445 |
| All other expenses | $16,114 |
| Total functional expenses | $937,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,316 |
| 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 | $500 |
| Net Land, buildings, and equipment | $2,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $321,221 |
| Accounts payable and accrued expenses | $19,394 |
| Grants payable | $0 |
| Deferred revenue | $7,946 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $14,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $191,340 |
| Net assets without donor restrictions | $129,881 |
| 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 | $321,221 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lake George Opera Festival Association Inc has recieved totaling $7,100.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR SARATOGA OPERA AND UNRESTRICTED USE | $5,100 |
Waldo T Ross & Ruth S Ross Charitable Tr Glens Falls, NY PURPOSE: GENERAL PURPOSES | $1,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
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 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |