Des Moines Metro Opera Inc
- Assets
- $7.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 167
- 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 08/2023, Des Moines Metro Opera Inc employed 167 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 represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.2m during the year ending 08/2021. While expenses have increased by 4.1% 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 CREATE DISTINCTIVE THEATRICAL EXPERIENCES AND INSPIRATIONAL LEARNING OPPORTUNITIES FOR ARTISTS AND AUDIENCES OF THE 21ST CENTURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF PROFESSIONAL OPERA FOR THE ENRICHMENT AND ENJOYMENT OF GENERAL AUDIENCES INCLUDING 21 PERFORMANCES OF 5 PRODUCTIONS IN REPERTORY DURING THE SUMMER FESTIVAL.
EDUCATIONAL INITIATIVES INCLUDING INTERNSHIPS, APPRENTICESHIPS, TOURING PROGRAM, WORKSHOPS, AND PERFORMANCES.
DINNERS, CONCESSIONS AND RETAIL SERVICES ARE SOLD AS A VISITOR SERVICE DURING THE SUMMER FESTIVAL SEASON IN THE THEATER LOBBY. DINNERS ARE CATERED BY A LOCAL RESTAURANT, WINE, SOFT DRINKS AND SNACKS ARE SOLD AT CONCESSION STANDS, AND ITEMS RELATED TO OPERA ARE SOLD AT A SMALL BOUTIQUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Pontius President | OfficerTrustee | 1 | $0 |
Darren Jirsa President-Elect | OfficerTrustee | 1 | $0 |
Carrie Clogg Vice President | OfficerTrustee | 1 | $0 |
Ann Michelson Secretary | OfficerTrustee | 1 | $0 |
John Wild Treasurer | OfficerTrustee | 1 | $0 |
Timothy Krumm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,521,351 |
| 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 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 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 |
| 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 | $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 | $5,815,668 |