Opera On Tap
- Assets
- $107.6k
- Revenue
- $499.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Brooklyn, NY
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-4554125
Organization Overview
Opera On Tap is located in Brooklyn, NY. The organization was established in 2007. 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 12/2022, Opera On Tap employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera On Tap 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 12/2022, Opera On Tap generated $499.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $745.7k during the year ending 12/2022. While expenses have increased by 26.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TRADITIONAL OPERA AND NEWLY COMMISSIONED IOERA TO NEW AUDIENCES IN NON-TRADITIONAL VENUES AND TO GIVE IOERA PERFORMANCE SINGING OPPORTUNITIES TO TEACH THE BEAUTY OF OPERA TO ELEMENTARY SCHOOL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISCELLANEOUS PERFORMANCES INCLUDING BAR SHOWS AND OTHER ALTERNATIVE VENUES AMONG THE OOT CHAPTERS IN 22 CITIES AND NEW YORK CITY. NEW AUDIENCES AND NEW SINGERS GIVEN THE OPPORTUNITY TO PERFORM.
IMMERSIVE OPERA PROJECT - INVESTMENT IN NEW FORMS OF PERFORMANCE MEDIA. NO PERFORMAMNCES IN THIS AREA TOOK PLACE BECAUSE OF THE PANDEMIC. THE EXPENSES PAID IN 2022 RELATE TO PRODUCTION EXPENSES FOR FUTURE PROJECTS
THE PLAYGROUND OPERAS PROGRAM IS A SCHOLL DAY PROGRAM THAT IMMERSES STUDENTS IN THE CREATION, PRODUCTION AND PERFORMANCE OF AN OPERA. WITH THE PANDEMIC, OPERA ON TAP HAS PRODUCED VIRTUAL PROGRAMMING WITH THE SAME OBJECTIVE. WE OFFER THE PROGRAM FREE TO TITLE 1 SCHOOL, AND CHARGE A FEE TO OTHER SCHOOLS TO HELP UNDERWRITE THE FREE PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Hiatt Asst. Secretary | OfficerTrustee | 40 | $106,879 |
David Gordon Chair | OfficerTrustee | 15 | $0 |
Donna Epstein Treasurer | OfficerTrustee | 7 | $0 |
Mithuna Sivaraman Secretary | OfficerTrustee | 2 | $0 |
Lucia Rivieccio Director | Trustee | 1 | $0 |
Ramona Ponce Director | Trustee | 1 | $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 | $285,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $387,017 |
| Total Program Service Revenue | $111,927 |
| Investment income | $18 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,100 |
| 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. | $106,878 |
| Compensation of current officers, directors, key employees. | $50,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,416 |
| Fees for services: Accounting | $6,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,663 |
| Advertising and promotion | $17,832 |
| Office expenses | $16,944 |
| Information technology | $15,475 |
| Royalties | $0 |
| Occupancy | $16,860 |
| Travel | $12,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,620 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,252 |
| All other expenses | $0 |
| Total functional expenses | $745,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,097 |
| Accounts receivable, net | $903 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,515 |
| Total assets | $107,579 |
| Accounts payable and accrued expenses | $7,856 |
| 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 | $495,436 |
| Other liabilities | $0 |
| Total liabilities | $503,292 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$395,713 |
| Total liabilities and net assets/fund balances | $107,579 |