Opera America Inc
- Assets
- $21.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 41
- Location
- New York, NY
- Founding
- 04/2006
- Data as of
- 06/2020
- EIN
- 20-3520577
Organization Overview
Opera America Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Opera America Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera America 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 06/2020, Opera America Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 6 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.
Since 2015, Opera America Inc has awarded 242 individual grants totaling $9,279,382. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CREATION, PRESENTATION, AND ENJOYMENT OF OPERA THROUGH AN ARRAY OF PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIONS AND CIVIC PRACTICE - OPERA AMERICA'S AUDIENCE DEVELOPMENT PROGRAM SUPPORTS PROFESSIONAL COMPANY MEMBERS IN IMPLEMENTING INNOVATIVE PROJECTS IN OPERA'S MOST IMPORTANT AREAS OF PRACTICE, INCLUDING AUDIENCE EXPERIENCE, COMMUNITY CONNECTIONS AND ARTISTIC VITALITY. THE PROGRAM ENABLES COMPANIES TO INCREASE THEIR INVESTMENT IN EXPERIMENTATION AND INNOVATION, AND CONTRIBUTE TO FIELD-WIDE LEARNING.
NATIONAL OPERA CENTER - OPERA AMERICA'S NATIONAL OPERA CENTER IS A STATE-OF-THE-ART RENTAL FACILITY FOR THE OPERA COMMUNITY AND ALSO HOUSES THE ORGANIZATION'S ADMINISTRATIVE OFFICES. CUSTOM-BUILT TO RESPOND TO THE INDUSTRY'S NEED FOR SUITABLE AUDITION, REHEARSAL AND RECORDING FACILITIES, SPECIALLY EQUIPPED ROOMS FACILITATE CO-PRODUCTION MEETINGS, DESIGN PRESENTATIONS AND PROFESSIONAL DEVELOPMENT ACTIVITIES, AS WELL AS A WIDE RANGE OF ARTISTIC WORK - FROM PERFORMANCES TO READINGS OF NEW WORKS AND LECTURES. STATE-OF-THE-ART ELECTRONIC MEDIA TECHNOLOGY FOR STREAMING AND VIDEO CONFERENCE OVERCOMES THE BARRIER OF GEOGRAPHY FOR THIS WIDELY DISPERSED, YET HIGHLY COLLABORATIVE, INDUSTRY.
ARTISTIC SERVICES - REPERTOIRE DEVELOPMENT GRANTS, OPERA DISCOVERY AND COMMISSIONING GRANTS FOR WOMEN COMPOSERS, OPERA GRANTS FOR COMPOSERS AND LIBRETTISTS OF COLOR AND CREATIVE AND PROFESSIONAL DEVELOPMENT PROGRAM FOR NEW COMPOSERS AND LIBRETTISTS OF COLOR SUPPORT EXPERIMENTAL METHODS OF PRESENTING OPERA AND ENCOURAGE ETHNIC, CULTURAL AND GENDER DIVERSITY IN ALL DIMENSIONS OF A PROJECT. A NEW WORKS FORUM CONVENES COMPOSERS, LIBRETTISTS, DESIGNERS, PRODUCERS AND PUBLISHERS TO SHARE KNOWLEDGE ABOUT METHODS FOR ENSURING THE SUCCESSFUL CREATION AND PRODUCTION OF NEW OPERATIC WORKS. THE ONSTAGE PROGRAM IS A SERIES OF EVENTS OFFERING THE PUBLIC AN OPPORTUNITY TO HEAR FROM AND INTERACT WITH MAJOR TALENTS WITHIN THE OPERA WORLD. (CONTINUED SCHEDULE O)PROFESSIONAL DEVELOPMENT PROGRAMS OFFER TOOLS AND ADVICE FOR SINGERS TO HONE THEIR SKILLS AND FURTHER THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc A Scorca President & CEO | OfficerTrustee | 40 | $244,750 |
Daniel Cooperman Chief Advancement Officer | 40 | $122,307 | |
Laura Lee Everett Chief Programs Officer | 40 | $121,467 | |
Christian DE Gre Chief Operations Officer | 40 | $117,557 | |
Kevin Sobczyk Director Of It | 40 | $103,094 | |
Timothy O'leary Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,330,397 |
| Investment income | $457,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $196,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,690,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $131,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $391,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,816,091 |
| Pension plan accruals and contributions | $41,818 |
| Other employee benefits | $153,475 |
| Payroll taxes | $269,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,988 |
| Fees for services: Accounting | $35,000 |
| Fees for services: Lobbying | $7,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,100 |
| Fees for services: Other | $410,801 |
| Advertising and promotion | $217,971 |
| Office expenses | $173,537 |
| Information technology | $34,749 |
| Royalties | $0 |
| Occupancy | $996,085 |
| Travel | $102,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,399 |
| Interest | $17,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,200 |
| Insurance | $20,158 |
| All other expenses | $0 |
| Total functional expenses | $6,428,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,804,445 |
| Savings and temporary cash investments | $502,403 |
| Pledges and grants receivable | $1,036,497 |
| Accounts receivable, net | $357,168 |
| 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 | $68,152 |
| Investments—publicly traded securities | $12,269,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,170 |
| Total assets | $21,495,082 |
| Accounts payable and accrued expenses | $209,832 |
| Grants payable | $1,922,351 |
| Deferred revenue | $144,681 |
| 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 | $308,490 |
| Unsecured mortgages and notes payable | $962,800 |
| Other liabilities | $1,636,693 |
| Total liabilities | $5,184,847 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,310,235 |
Grants Awarded
Over the last fiscal year, Opera America Inc has awarded $897,980 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: INNOVATIONS | $100,000 |
Cooperstown, NY PURPOSE: INNOVATIONS | $75,000 |
Portland, OR PURPOSE: INNOVATIONS | $75,000 |
San Diego, CA PURPOSE: INNOVATIONS | $75,000 |
Omaha, NE PURPOSE: INNOVATIONS | $75,000 |
Detroit, MI PURPOSE: NEXT STAGE | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opera America Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Claytor Family Charitable Foundation Inc Fort Worth, TX PURPOSE: MUSICAL PRODUCTION | $1,000 |
Endowment Analysis
| Beg. Balance | $12,440,410 |
| Earnings | $2,478,331 |
| Net Contributions | $260,700 |
| Other Expense | $587,423 |
| Ending Balance | $14,592,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |
Boston Society Of Architects Treasurers Office Boston, MA | $12,418,866 | $3,237,658 |