Italian American Opera Foundation
- Assets
- $108.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Des Moines, IA
- Founding
- 03/2010
- Data as of
- 12/2018
- EIN
- 26-4269498
Organization Overview
Italian American Opera Foundation is located in West Des Moines, IA. The organization was established in 2010. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. Italian American Opera Foundation 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 12/2018, Italian American Opera Foundation generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $10.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (48.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
OUR REGULAR CLASSES WERE NOT OFFERED IN 2018. WE WILL RESUME THEM IN 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudio Ferri Secretary/cfo/director | 3 | $0 | |
Stefano Vignati Ceo/director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,384 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $720 |
| Occupancy, rent, utilities, and maintenance | $9,411 |
| Printing, publications, postage, and shipping | $142 |
| Other expenses | $0 |
| Total expenses | $10,273 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108 |
| Other assets | $0 |
| Total assets | $108 |
| Total liabilities | $0 |
| Net assets or fund balances | $108 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Haymarket Opera Company Nfp Chicago, IL | $366,396 | $568,992 |