Arizona Opera Company
- Assets
- $9.8m
- Revenue
- $5.2m
- Investments
- $2.2m
- Employees
- 287
- Location
- Phoenix, AZ
- Founding
- 05/1972
- Data as of
- 06/2021
- EIN
- 23-7169261
Organization Overview
Arizona Opera Company is located in Phoenix, AZ. The organization was established in 1972. 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 06/2022, Arizona Opera Company employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Opera Company 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 06/2021, Arizona Opera Company generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
ARIZONA OPERA ELEVATES THE TRANSFORMATIVE POWER OF STORYTELLING THROUGH MUSIC - CULTIVATING COMMUNITY AND STRENGTHENING A STATE AND PEOPLE AS ADVENTUROUS AND DIVERSE AS THE PLACE THEY CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SEASON BEGAN WITH THE DIGITAL PREMIERE OF THE COPPER QUEEN FILM. THE FILM HAD A 9-DAY RUN AT SELECT HARKINS THEATERS IN SCOTTSDALE AND TUCSON IN OCTOBER 2021. THE FILM WAS ALSO MADE AVAILABLE VIA OUR NEW AZO ONDEMAND CHANNEL. IT QUICKLY WON ITS FIRST FILM FESTIVAL AWARD FROM THE TORONTO INTERNATIONAL WOMEN FILM FESTIVAL AND WAS AN OFFICIAL SELECTION AT THE PHOENIX FILM FESTIVAL IN MARCH 2022. IN DECEMBER 2021, AZO RETURNED TO IN-THEATER PERFORMANCES WITH THE REGIONAL PREMIERE OF A NEW, HOLIDAY-THEMED MARIACHI OPERA, EL MILAGRO DEL RECUERDO, AS PART OF THE MCDOUGALL RED SERIES. THESE PERFORMANCES WERE HELD AT OUR TRADITIONAL FALL VENUES: THE HERBERGER THEATER CENTER IN PHOENIX AND THE TEMPLE OF MUSIC AND ART IN TUCSON. THE SEASON CONTINUED WITH IN-THEATER PERFORMANCES OF CARMEN, A LITTLE NIGHT MUSIC, AND COSI FAN TUTTE IN THE MAIN STAGE SERIES, TAKING PLACE AT SYMPHONY HALL IN PHOENIX AND THE TUCSON MUSIC HALL (RENAMED RECENTLY AS "LINDA RONSTADT MUSIC HALL"). THE IN-THEATER SEASON CONCLUDED IN APRIL 2022, WITH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS EXTENDING THROUGH THE REMAINDER OF THE FISCAL YEAR. DESPITE ANTICIPATED LOWER DEMAND FOR TICKETS AS PATRONS CONTEMPLATED RETURNING TO THE THEATER, ARIZONA OPERA SUCCESSFULLY COMPLETED ITS ENTIRE SEASON WITHOUT CANCELING A SINGLE PERFORMANCE OR REPLACING ANY PERFORMERS DUE TO ILLNESS. IN ADDITION, THE COMPANY ALSO RETURNED TO IN-PERSON COMMUNITY AND K-12 EDUCATION PROGRAMS IN ADDITION TO ITS ONGOING VIRTUAL OFFERINGS, REACHING OVER 15,000 STUDENTS ACROSS ARIZONA.
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 |
|---|---|---|---|
Dr Stephen Munk Chair | OfficerTrustee | 2 | $0 |
Erik Peterson Vice Chair | OfficerTrustee | 2 | $0 |
Scott Stallard Treasurer | OfficerTrustee | 2 | $0 |
Kay Mcdougall Secretary | OfficerTrustee | 2 | $0 |
Sharon Landis Immediate Past Chair | OfficerTrustee | 2 | $0 |
David J Bolger Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manleysme Productionsdbamanley Films Video Production, It Services | 6/29/22 | $256,813 |
Lewis & Roca Llp Legal Services/consulting | 6/29/22 | $253,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,115,953 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,039 |
| Net Gain/Loss on Asset Sales | $29,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,309 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,203,116 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,689,392 |
| Pension plan accruals and contributions | $4,655 |
| Other employee benefits | $229,796 |
| Payroll taxes | $131,315 |
| Fees for services: Management | $1,117 |
| Fees for services: Legal | $163,459 |
| Fees for services: Accounting | $28,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,740 |
| Fees for services: Other | $144,274 |
| Advertising and promotion | $222,297 |
| Office expenses | $141,693 |
| Information technology | $219,466 |
| Royalties | $280 |
| Occupancy | $337,875 |
| Travel | $169,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,289 |
| Insurance | $41,625 |
| All other expenses | $0 |
| Total functional expenses | $4,295,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,976,464 |
| Savings and temporary cash investments | $289,957 |
| Pledges and grants receivable | $2,314,708 |
| Accounts receivable, net | $5 |
| 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 | $180,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,207,548 |
| Investments—program-related | $0 |
| Intangible assets | $776,424 |
| Other assets | $2 |
| Total assets | $9,811,779 |
| Accounts payable and accrued expenses | $664,190 |
| Grants payable | $0 |
| Deferred revenue | $671,579 |
| 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 | $27,416 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $439,200 |
| Total liabilities | $1,802,385 |
| 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 | $8,009,394 |