Des Moines Metro Opera Inc
- Assets
- $7.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 128
- Location
- Indianola, IA
- Founding
- 03/1974
- Data as of
- 08/2021
- EIN
- 23-7319903
Organization Overview
Des Moines Metro Opera Inc is located in Indianola, IA. The organization was established in 1974. 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 08/2022, Des Moines Metro Opera Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines Metro Opera Inc 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 08/2021, Des Moines Metro Opera Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $4.2m during the year ending 08/2021. While expenses have increased by 9.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PROGRESSIVE COMPANY IN THE MIDWEST WITH A NATIONAL REPUTATION IN THE OPERA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF PROFESSIONAL OPERA FOR THE ENRICHMENT AND ENJOYMENT OF GENERAL AUDIENCES INCLUDING 18 PERFORMANCES IN A SUMMER REPERTOIRE AND TWO WINTER PERFORMANCES.
EDUCATIONAL INITIATIVES INCLUDING INTERNSHIPS, APPRENTICESHIPS, TOURING PROGRAM, WORKSHOPS, AND PERFORMANCES.
THE ORGANIZATION PUTS ON AN OPENING NIGHT DINNER FOR ITS PRODUCTIONS AND PROVIDES INFORMATION ABOUT THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Egel General And Artistic Direc | Officer | 40 | $118,533 |
Karen Shinn Treasurer | OfficerTrustee | 1 | $0 |
Virginia Lauridsen President | OfficerTrustee | 1 | $0 |
Emliy Pontius President-Elect | OfficerTrustee | 1 | $0 |
Darren Jirsa Vice President | OfficerTrustee | 1 | $0 |
Ann Michelson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,630 |
| Related organizations | $1,743,306 |
| Government grants | $986,053 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,741,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,521,351 |
| Total Program Service Revenue | $494,836 |
| Investment income | $1,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,531,970 |
| 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. | $112,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $131,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $194,729 |
| Office expenses | $34,504 |
| Information technology | $39,913 |
| Royalties | $19,077 |
| Occupancy | $48,734 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $48,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,408 |
| Insurance | $24,881 |
| All other expenses | $0 |
| Total functional expenses | $4,175,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $97,423 |
| Pledges and grants receivable | $2,214,690 |
| Accounts receivable, net | $7,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,125 |
| Prepaid expenses and deferred charges | $196,693 |
| Net Land, buildings, and equipment | $4,010,163 |
| Investments—publicly traded securities | $22,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $675,157 |
| Total assets | $7,229,930 |
| Accounts payable and accrued expenses | $361,676 |
| Grants payable | $0 |
| Deferred revenue | $25,586 |
| 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 | $1,027,000 |
| Other liabilities | $0 |
| Total liabilities | $1,414,262 |
| Net assets without donor restrictions | $5,548,368 |
| Net assets with donor restrictions | $267,300 |
| 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 | $7,229,930 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Des Moines Metro Opera Inc has recieved totaling $129,350.
| Awarding Organization | Amount |
|---|---|
Daniel J & Ann L Krumm Charitable Trust Ames, IA PURPOSE: GENERAL OPERATING | $67,000 |
Gabus Family Foundation Urbandale, IA PURPOSE: GENERAL PURPOSE | $25,000 |
Mary K And Daniel M Kelly Foundation Des Moines, IA PURPOSE: GENERAL OPERATIONS | $19,850 |
Brenton Foundation Des Moines, IA PURPOSE: CHARITABLE | $15,500 |
Prospice Des Moines, IA PURPOSE: TO PROMOTE THE OPERA AND CULTURE OF THE OPERA | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Minnesota Opera Minneapolis, MN | $36,038,130 | $16,099,693 |
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Opera Omaha Inc Omaha, NE | $8,293,157 | $5,327,192 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |
Pella Opera House Commission Pella, IA | $2,774,493 | $769,782 |