Opera Southwest
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 11/1973
- Data as of
- 05/2023
- 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 05/2023, Opera Southwest employed 3 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 05/2023, Opera Southwest generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.6m during the year ending 05/2023. While expenses have increased by 18.1% per year over the past 4 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
2023
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 2022-2023 SEASON, OPERA SOUTHWEST PRESENTED FOUR OPERAS LE LOUP GAROU, ZORRO, LE COMTE ORY AND TURANDOT. 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 | $50,400 |
Xavier Zamarripa President | OfficerTrustee | 2 | $0 |
Juan Vigil Vice President | OfficerTrustee | 2 | $0 |
Ellen King Treasurer | OfficerTrustee | 3 | $0 |
Mary Nunez Secretary | OfficerTrustee | 2 | $0 |
Margaret Chaffey Past President | Trustee | 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 | $960,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $960,564 |
| Total Program Service Revenue | $451,203 |
| 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 | $74,751 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,495,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $271,059 |
| 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. | $50,400 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $673,331 |
| Advertising and promotion | $46,685 |
| Office expenses | $6,870 |
| Information technology | $2,184 |
| Royalties | $0 |
| Occupancy | $69,994 |
| Travel | $45,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,370 |
| Interest | $16,774 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,107 |
| Insurance | $16,468 |
| All other expenses | $75,563 |
| Total functional expenses | $1,609,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,711 |
| Savings and temporary cash investments | $153,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,083 |
| 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 | $3,875 |
| Net Land, buildings, and equipment | $744,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $662,609 |
| Total assets | $1,713,755 |
| Accounts payable and accrued expenses | $30,738 |
| Grants payable | $0 |
| Deferred revenue | $1,305 |
| 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 | $495,742 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $677,785 |
| Net assets without donor restrictions | $357,864 |
| Net assets with donor restrictions | $678,106 |
| 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 | $1,713,755 |