Cincinnati Opera Association
- Assets
- $38.2m
- Revenue
- $7.2m
- Investments
- $9.7m
- Employees
- 156
- Location
- Cincinnati, OH
- Founding
- 11/1942
- Data as of
- 08/2023
- EIN
- 31-0549044
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 08/2023, Cincinnati Opera Association employed 156 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 08/2023, Cincinnati Opera Association generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $8.9m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
THE NATION'S SECOND-OLDEST OPERA COMPANY, CINCINNATI OPERA CELEBRATED ITS 103RD ANNIVERSARY WITH ITS ANNUAL SUMMER SEASON OF GRAND OPERA AT HISTORIC MUSIC HALL. THROUGHOUT JUNE AND JULY, THE COMPANY PRESENTED FOUR OPERA PRODUCTIONS: A HAUNTING PRESENTATION OF GAETANO DONIZETTI'S LUCIA DI LAMMERMOOR, GIOACHINO ROSSINI'S HILARIOUS THE BARBER OF SEVILLE, THE WORLD PREMIERE OF THE KNOCK BY ALEKSANDRA VREBALOV AND DEBORAH BREVOORT, AND A GROUNDBREAKING, NATIONALLY-RENOWNED PRODUCTION OF GIACOMO PUCCINI'S BELOVED MADAME BUTTERFLY, CREATED BY AN ALL-JAPANESE AND JAPANESE AMERICAN CREATIVE TEAM. THE COMPANY ALSO PRESENTED NUMEROUS FREE AND LOW-COST PROGRAMS FOR STUDENTS, FAMILIES, AND COMMUNITY PARTNERS, INCLUDING THE COMMUNITY OPEN DRESS REHEARSAL, IN WHICH COMMUNITY PARTNERS WERE INVITED TO MUSIC HALL TO EXPERIENCE A FULL-FLEDGED OPERA REHEARSAL ALONG WITH FUN MUSIC-RELATED ACTIVITIES; SENSORY-FRIENDLY REHEARSAL, WHICH OFFERED INDIVIDUALS WITH SENSORY SENSITIVITIES THE OPPORTUNITY TO ENJOY AN OPERA-IN-PROGRESS; AND SCREEN & SKY, A FREE EVENT AT BLUE ASH'S SUMMIT PARK FEATURING A MINI-PERFORMANCE BY OPERA SINGERS, A FILM SCREENING OF CINCINNATI OPERA'S INSPIRING, FAMILY-FRIENDLY OPERA, FIERCE, AND A MAGICAL DRONE LIGHT SHOW. THROUGHOUT THE YEAR, THE COMPANY OFFERS A WIDE VARIETY OF PROGRAMS DESIGNED TO ENGAGE AND CONNECT YOUNG PEOPLE, FAMILIES, ADULTS, AND THE OPERA-CURIOUS OF ALL AGES AND BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Kathman Grubow Chairman | OfficerTrustee | 4 | $0 |
Gary T Doc Huffman Vice President | OfficerTrustee | 4 | $0 |
Alva Jean Crawford Secretary | OfficerTrustee | 4 | $0 |
Otto M Budig Jr Treasurer | OfficerTrustee | 4 | $0 |
Boris Auerbach Vice President | OfficerTrustee | 4 | $0 |
Flavia Bastos PHD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cincinnati Arts Association Rent And Building Services | 8/30/23 | $1,176,122 |
Cincinnati Symphony Orchestra Orchestra Services | 8/30/23 | $1,017,704 |
Terra Firma - Reinhold Llc Rent | 8/30/23 | $342,422 |
Cincinnati Stage Employees Local #5 Stagehand Labor | 8/30/23 | $114,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $688,850 |
| Membership dues | $0 |
| Fundraising events | $92,033 |
| Related organizations | $0 |
| Government grants | $1,373,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,729,576 |
| Noncash contributions included in lines 1a–1f | $6,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,884,448 |
| Total Program Service Revenue | $1,612,844 |
| Investment income | $921,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205,067 |
| Net Income from Fundraising Events | $13,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,230,324 |
| 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. | $729,657 |
| Compensation of current officers, directors, key employees. | $169,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,697,101 |
| Pension plan accruals and contributions | $34,787 |
| Other employee benefits | $310,335 |
| Payroll taxes | $190,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,154 |
| Fees for services: Accounting | $19,793 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,233 |
| Advertising and promotion | $339,833 |
| Office expenses | $93,773 |
| Information technology | $128,405 |
| Royalties | $0 |
| Occupancy | $677,457 |
| Travel | $462,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,417 |
| Insurance | $63,067 |
| All other expenses | $103,299 |
| Total functional expenses | $8,928,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,803,470 |
| Pledges and grants receivable | $1,186,137 |
| Accounts receivable, net | $175,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,565 |
| Net Land, buildings, and equipment | $2,619,582 |
| Investments—publicly traded securities | $22,045,152 |
| Investments—other securities | $9,722,953 |
| Investments—program-related | $633,804 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,235,884 |
| Accounts payable and accrued expenses | $335,562 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $0 |
| Other liabilities | $2,570,021 |
| Total liabilities | $2,945,583 |
| Net assets without donor restrictions | $9,144,415 |
| Net assets with donor restrictions | $26,145,886 |
| 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 | $38,235,884 |