Friends Of The Wright Opera House Inc
- Assets
- $2.7m
- Revenue
- $280.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Ouray, CO
- Founding
- 05/2009
- Data as of
- 12/2020
- EIN
- 26-2039839
Organization Overview
Friends Of The Wright Opera House Inc is located in Ouray, CO. The organization was established in 2009. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Friends Of The Wright Opera House Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Wright Opera House 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 12/2020, Friends Of The Wright Opera House Inc generated $280.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $266.5k during the year ending 12/2020. While expenses have increased by 7.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF THE WRIGHT OPERA HOUSE ARE DEDICATED TO RESTORING AND PRESERVING THE 1888 HISTORIC WRIGHT OPERA HOUSE, PROVIDING A VENUE FOR QUALITY ARTS, EDUCATION, AND SOCIAL EVENTS, THUS CONTRIBUTING TO THE ECONOMIC AND CULTURAL VITALITY OF THE OURAY, CO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDS OF THE WRIGHT OPERA HOUSE ARE DEDICATED TO RESTORING AND PRESERVING THE 1888 HISTORIC WRIGHT OPERA HOUSE, PROVIDING A VENUE FOR QUALITY ARTS, EDUCATION, AND SOCIAL EVENTS, THUS CONTRIBUTING TO THE ECONOMIC AND CULTURAL VITALITY OF THE OURAY, CO AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Anderson Treasurer | OfficerTrustee | 15 | $0 |
Stuart Gillespie Vice President | OfficerTrustee | 3 | $0 |
Kit Meckel Secretary | OfficerTrustee | 10 | $0 |
Kate Jones President | OfficerTrustee | 10 | $0 |
Lou Hart Member | Trustee | 1 | $0 |
April Orgren Member | 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 | $213,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,163 |
| Total Program Service Revenue | $47,915 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,562 |
| 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 | $280,640 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,634 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,334 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,299 |
| Insurance | $851 |
| All other expenses | $5,885 |
| Total functional expenses | $266,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,374 |
| Prepaid expenses and deferred charges | $100 |
| Net Land, buildings, and equipment | $2,670,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,719,872 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $614,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,914 |
| Total liabilities | $623,368 |
| Net assets without donor restrictions | $2,075,079 |
| Net assets with donor restrictions | $21,425 |
| 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 | $2,719,872 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friends Of The Wright Opera House Inc has recieved totaling $58,512.
| Awarding Organization | Amount |
|---|---|
Western Colorado Community Foundation Inc Grand Junction, CO PURPOSE: ARTS, CULTURE | $23,000 |
Telluride Foundation Telluride, CO PURPOSE: OPERATIONS | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2021 WRIGHT SUMMER FAIRE | $2,500 |
Cyril F & Marie E Oneil Foundation New York, NY PURPOSE: GENERAL PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bemis Center For Contemporary Arts Omaha, NE | $5,317,453 | $2,947,724 |
Dairy Center For The Arts Boulder, CO | $11,050,322 | $3,310,840 |
Roswell Artist In Residents Foundation Roswell, NM | $13,096,282 | $950,709 |
Interurban Arthouse Overland Park, KS | $1,195,774 | $416,803 |
Friends Of The Wright Opera House Inc Ouray, CO | $2,719,872 | $280,640 |
Vital Spaces Inc Santa Fe, NM | $112,781 | $234,664 |
Untitled Art Space Inc Oklahoma City, OK | $377,472 | $415,421 |
Costume Connection Phoenix, AZ | $34,325 | $0 |
Colorado West Performing Arts Company Grand Junction, CO | $20,627 | $0 |
Roswell Museum And Art Center Foundation Roswelll, NM | $1,946,102 | $148,364 |
Spark Creative Lab Inc Oklahoma City, OK | $8,150 | $0 |
Blue River Arts Council Inc Crete, NE | $380,155 | $238,636 |