Opera Southwest
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 11/1973
- Data as of
- 05/2022
- EIN
- 23-7314812
Organization Overview
Opera Southwest is located in Albuquerque, NM. The organization was established in 1973. 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 05/2022, Opera Southwest employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Southwest 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 05/2022, Opera Southwest generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $989.9k during the year ending 05/2022. While expenses have increased by 8.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL PRODUCTION OF OPERA FOR THE PUBLIC, AND EDUCATION ABOUT OPERA AND THE PERFORMING ARTS FOR AUDIENCES OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF FULLY-STAGED OPERA AND EDUCATION ABOUT OPERA AND THE PERFORMING ARTS. IN OUR 2021-2022 SEASON, OPERA SOUTHWEST PRESENTED FOUR OPERAS LA SCALA DI SETA, LA TRAVIATA, FRIDA, AND PELLEAS ET MELISANDE. OPERA SOUTHWEST ALSO PRESENTED A NEW YEARS EVE CONCERT. OVER 7300 ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Zancanella Executive Dir. | Officer | 30 | $47,600 |
Margaret Chaffey President | OfficerTrustee | 2 | $0 |
Mark Steele Past Secretary | OfficerTrustee | 3 | $0 |
Clara Apodaca Vice President | OfficerTrustee | 2 | $0 |
Jeff Miller Treasurer | OfficerTrustee | 3 | $0 |
Mary Nunez Current Secr | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $737,128 |
| Noncash contributions included in lines 1a–1f | $8,447 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $737,128 |
| Total Program Service Revenue | $301,059 |
| Investment income | $0 |
| 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 | $1,039,944 |
| 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. | $49,600 |
| Compensation of current officers, directors, key employees. | $16,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,001 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $545,392 |
| Advertising and promotion | $57,373 |
| Office expenses | $11,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,107 |
| Travel | $25,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,268 |
| Insurance | $11,314 |
| All other expenses | $11,587 |
| Total functional expenses | $989,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,827 |
| Savings and temporary cash investments | $467,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,600 |
| 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 | $2,640 |
| Net Land, buildings, and equipment | $1,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $673,856 |
| Total assets | $1,329,317 |
| Accounts payable and accrued expenses | $5,012 |
| Grants payable | $0 |
| Deferred revenue | $34,483 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $189,495 |
| Net assets without donor restrictions | $249,819 |
| Net assets with donor restrictions | $890,003 |
| 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 | $1,329,317 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Opera Southwest has recieved totaling $193,132.
| Awarding Organization | Amount |
|---|---|
Rocking J T Foundation Albuquerque, NM PURPOSE: CULTURAL ACTIVITIES | $100,600 |
Albuquerque Community Foundation Albuquerque, NM PURPOSE: DONOR-ADVISED | $44,479 |
Brabson Library And Educational Foundation Inc Eagle River, AK PURPOSE: CULTURAL | $25,000 |
H B And Lucille Horn Foundation Albuquerque, NM PURPOSE: CHARITABLE | $10,000 |
King-Carpenter Foundation Albuquerque, NM PURPOSE: GENERAL | $8,000 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $4,000 |
Endowment Analysis
| Beg. Balance | $652,631 |
| Earnings | $16,722 |
| Ending Balance | $669,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Santa Fe Opera Santa Fe, NM | $178,454,896 | $58,576,774 |
Houston Grand Opera Association Inc Houston, TX | $24,871,609 | $29,084,949 |
Utah Symphony & Opera Salt Lake City, UT | $65,182,568 | $24,613,086 |
Dallas Opera Dallas, TX | $12,450,406 | $12,715,764 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Utah Festival Opera Company Logan, UT | $13,283,393 | $3,306,953 |
Austin Lyric Opera Austin, TX | $5,702,498 | $4,387,471 |
Opera Colorado Englewood, CO | $4,199,479 | $3,925,553 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
Fort Worth Opera Association Inc Fort Worth, TX | $969,586 | $1,862,181 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Central City Opera House Association Endowment Fund Wheat Ridge, CO | $25,453,266 | $9,103,065 |