Opus 40 Inc
- Assets
- $797.2k
- Revenue
- $825.4k
- Investments
- $0.0
- Employees
- 24
- Location
- Saugerties, NY
- Founding
- 11/1978
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Opus 40 Inc generated $825.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $469.9k during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 7 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Crumpacker Executive Director | Officer | 40 | $47,033 |
Jonathan Becker President | OfficerTrustee | 8 | $0 |
Alan Waneberg Vice President | OfficerTrustee | 10 | $0 |
Kevin Parker Treasurer | OfficerTrustee | 2 | $0 |
Isabel Soffer Secretary | OfficerTrustee | 5 | $0 |
John Cederquist Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,394 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,098 |
| Total Program Service Revenue | $357,589 |
| Investment income | $32 |
| 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 | $52,695 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,414 |
| 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. | $47,033 |
| Compensation of current officers, directors, key employees. | $10,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,597 |
| Payroll taxes | $21,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $13,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,728 |
| Advertising and promotion | $16,524 |
| Office expenses | $7,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,527 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,049 |
| Insurance | $7,750 |
| All other expenses | $25,314 |
| Total functional expenses | $469,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $15,432 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $404,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,198 |
| Accounts payable and accrued expenses | $144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $1,578 |
| Total liabilities | $1,722 |
| Net assets without donor restrictions | $495,476 |
| Net assets with donor restrictions | $300,000 |
| 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 | $797,198 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Opus 40 Inc has recieved totaling $300,112.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE STABILIZATION AND CONSERVATION OF THE MONUMENTAL SCULPTURE BY HARVEY FITE | $300,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
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|---|---|---|
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
New York State Technology Enterprise Corporation Rome, NY | $60,981,617 | $75,235,119 |
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Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |