Opus 40 Inc
- Assets
- $1.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Saugerties, NY
- Founding
- 11/1978
- Data as of
- 12/2023
- EIN
- 13-2956748
Organization Overview
Opus 40 Inc is located in Saugerties, NY. The organization was established in 1978. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Opus 40 Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opus 40 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, Opus 40 Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 26.9% per year over the past 9 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
TO BRING NATURAL AND CREATIVE RESOURCES TO THE PUBLIC THROUGH A PARK, MUSEUM, PERFORMANCE SPACE, AND AN EDUCATIONAL FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINTENANCE OF THE PROPERTY AND PRESENTING OF ARTS PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Wanzenberg President | OfficerTrustee | 5 | $0 |
Brigid Walsh Vice President | OfficerTrustee | 5 | $0 |
Kevin Parker Treasurer | OfficerTrustee | 5 | $0 |
Isabel Soffer Secretary | OfficerTrustee | 5 | $0 |
John Cederquist Director | Trustee | 3 | $0 |
Lara Davis Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $600,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $885,134 |
| Total Program Service Revenue | $429,994 |
| Investment income | $54 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,562 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,338,744 |
| 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. | $50,933 |
| Compensation of current officers, directors, key employees. | $11,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,583 |
| Payroll taxes | $23,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $18,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,575 |
| Advertising and promotion | $15,142 |
| Office expenses | $13,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,653 |
| Travel | $6,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,652 |
| Insurance | $18,845 |
| All other expenses | $88,668 |
| Total functional expenses | $1,093,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| 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 | $18,315 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,382,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,917 |
| Total assets | $1,750,319 |
| Accounts payable and accrued expenses | $2,356 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $550,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,771 |
| Total liabilities | $583,127 |
| Net assets without donor restrictions | $782,960 |
| Net assets with donor restrictions | $384,232 |
| 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 | $1,750,319 |