Fairbanks Light Opera Theatre is located in Fairbanks, AK. The organization was established in 1971. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairbanks Light Opera Theatre 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 06/2023, Fairbanks Light Opera Theatre generated $98.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $81.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZE AND PRODUCE SHOWS IN FAIRBANKS, AK
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kirsten Blair President | 5 | $0 | |
Valerie Robancho Vice President | 3 | $0 | |
Scott Hansen Secretary | 4 | $0 | |
Mike Laughlin Treasurer | 3 | $0 | |
Nickolas Hudson Board Member | 1 | $0 | |
Jenny Madruga Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $42,809 |
Total Program Service Revenue | $46,544 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $114 |
Other Revenue | $9,050 |
Total Revenue | $98,517 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $330 |
Occupancy, rent, utilities, and maintenance | $18,391 |
Printing, publications, postage, and shipping | $223 |
Other expenses | $62,507 |
Total expenses | $81,451 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $25,756 |
Other assets | $0 |
Total assets | $26,956 |
Total liabilities | $0 |
Net assets or fund balances | $26,956 |