Toledo Opera Association
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Toledo, OH
- Founding
- 08/1961
- Data as of
- 05/2023
- EIN
- 34-6556139
Organization Overview
Toledo Opera Association is located in Toledo, OH. The organization was established in 1961. 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 05/2023, Toledo Opera Association employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo 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 05/2023, Toledo Opera Association generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $1.7m during the year ending 05/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF TOLEDO OPERA IS TO CREATE OPERA EXPERIENCES IN THE THEATER, IN THE CLASSROOM, AND THROUGHOUT OUR COMMUNITY THAT CELEBRATE COMPELLING STORIES, EXPRESSED THROUGH GOLORIOUS MUSIC AND POWERFUL VOICES TO ENGAGE, CONNECT, AND INSPIRE. TOLEDO OPERA'S VISION IS TO BE AN AMBITIOUS CULTURAL LEADER IN THE REGION BY PAIRING STORYTELLING AND ARTISTRY OF THE HIGHEST CALIBER WITH AUTHENTIC COMMUNITY CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022-2023 TOLEDO OPERA PRODUCED THREE OPERAS AND ONE GRAND OPERA CHORUS CONCERT AS OUR SEASON OFFERINGS WANTING TO COME OUT OF THE PANDEMIC WITH THE STRONGEST PROGRAMING POSSIBLE. WE OPENED THE SEASON IN AUGUST 2022 WITH A NEW OPERA BLUE BY JENINE TESSORI AND TAZWELL THOMPSON. THIS OPERA, ABOUT A BROOKLYN POLICE FAMILY WHO EXPERIENCE THE DEATH OF THEIR TEENAGE SON WAS PARTICULARLY TIMELY AND ALLOWED US TO HOLD PUBLIC FORUMS AROUND URBAN POLICING TODAY. BLUE HAD ORIGINALLY BEEN SCHEDULED FOR FEBRUARY 2022 BUT WAS POSTPONED DUE TO COVID. THEN IN OCTOBER, WE PRODUCED A DOUBLE BILL, TWO ONE ACT OPERAS PERFORMED IN ONE NIGHT; SUOR ANGELICA AND CAVALLERIA RUSTICANA FOR OUR AUDIENCES. IN FEBRUARY 2023 WE THEN PRODUCED A ROLOCKING COMEDY, THE MERRY WIDOW BY FRANZ LEHAR WHICH ENDED WITH FIREWORKS! THE SEASON CONCLUDED IN APRIL WITH CELEBRZIONE DEL CORO, OPERA'S GREATEST CHORUSES AND ARIAS IN CONCERT ON THE VALENTINE STAGE.
TOLEDO OPERA SAW INCREASES IN THE NUMBER OF SCHOOLS TAKING ADVANTAGE OF OUR TOURING PROGRAM, OPERA ON WHEELS. WE PERFORMED A REDUCED VERSION OF PIRATES OF PENZANCE IN 60 SCHOOLS IN OUR REGION WHICH WAS AN INCREASE OF 50% FROM THE PREVIOUS COVID SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Markowicz Immediate Past President | OfficerTrustee | 2 | $0 |
Joel Gorski 1st Vice President/secreta | OfficerTrustee | 2 | $0 |
Barbara Oostra President | OfficerTrustee | 2 | $0 |
Thomas Winston Trustee | Trustee | 2 | $0 |
Phillip Lee Co-Treasurer | OfficerTrustee | 2 | $0 |
Maureen Brown Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $675,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,264 |
| Total Program Service Revenue | $267,274 |
| Investment income | $101,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,101,314 |
| 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 | $356,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,076 |
| Payroll taxes | $29,674 |
| Fees for services: Management | $84,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,203 |
| Fees for services: Other | $83,150 |
| Advertising and promotion | $78,465 |
| Office expenses | $76,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,277 |
| Travel | $115,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,639 |
| Interest | $7,324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,568 |
| Insurance | $6,250 |
| All other expenses | $16,132 |
| Total functional expenses | $1,664,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,482 |
| Savings and temporary cash investments | $101,650 |
| Pledges and grants receivable | $14,691 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,482 |
| Net Land, buildings, and equipment | $32,305 |
| Investments—publicly traded securities | $3,782,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,013,844 |
| Accounts payable and accrued expenses | $87,710 |
| Grants payable | $0 |
| Deferred revenue | $70,633 |
| 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 | $111,361 |
| Total liabilities | $269,704 |
| Net assets without donor restrictions | -$158,740 |
| Net assets with donor restrictions | $3,902,880 |
| 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 | $4,013,844 |