Cincinnati Opera Association

Organization Overview

Cincinnati Opera Association is located in Cincinnati, OH. The organization was established in 1942. 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 08/2021, Cincinnati Opera Association employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Opera Association 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 08/2020, Cincinnati Opera Association generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $6.2m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO ENRICH AND CONNECT THE COMMUNITY THROUGH DIVERSE OPERA EXPERIENCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AFTER CANCELING ITS 100TH-ANNIVERSARY CELEBRATIONS IN 2020, DUE TO THE COVID-19 PANDEMIC, CINCINNATI OPERA WAS DETERMINED TO SHARE LIVE, IN-PERSON OPERA WITH THE COMMUNITY AGAIN IN 2021. THE COMPANY REIMAGINED ITS 2021 SUMMER FESTIVAL AS THE FIRST-EVER, ALL-OUTDOOR SUMMER AT SUMMIT, LOCATED AT SUMMIT PARK IN BLUE ASH, OHIO. OVER TEN SOLD-OUT EVENINGS, UNDER THE MOON AND STARS, 265 OF THE WORLD'S GREATEST ARTISTS AND CREATIVES CAME TOGETHER TO SHARE MUSIC THAT HAD BEEN SO DEEPLY MISSED. PRODUCTIONS INCLUDED CARMEN, TOSCA, AND THE BARBER OF SEVILLE. AUDIENCES WERE OVER 11,000 PATRONS STRONG AND THE RESULT WAS, TO PUT IT SIMPLY, MAGICAL AND UNFORGETTABLE. PRIOR TO SUMMER AT SUMMIT, THE COMPANY ALSO PRESENTED ITS FIRST ALL-DIGITAL WINTER FESTIVAL, AS WELL AS LIVELY POP-UP PERFORMANCES BY THE SHARE THE LOVE TRUCK TOUR THROUGHOUT GREATER CINCINNATI.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Terra Firma - Reinhold Llc
Warehouse Rent
$317,445
Anthem Blue Cross & Blue Shield
Health Insurance
$229,250
Pnc Bank
Credit Cards
$183,298
Cincinnati Arts Association
Production Personnel, Rent
$168,434
Cincinnati Symphony Orchestra
Orchestra
$735,520
Terra Firma - Reinhold Llc
Warehouse Rent
$317,445
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$4,272,301
Investment income $806,800
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$386,106
Net Income from Fundraising Events $71,653
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,063,717

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Cincinnati Opera Association has recieved totaling $11,350.

Awarding OrganizationAmount
The Fullgraf Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
Peter And Mary Levin Family Foundation

Cincinnati, OH

PURPOSE: IN HONOR OF TED SILBERSTEIN

$1,250
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,646,744
Earnings$4,796,044
Admin Expense$309,364
Net Contributions$406,023
Other Expense$1,657,572
Ending Balance$25,881,875

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