Indianapolis Opera Company
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Indianapolis, IN
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 35-1405179
Organization Overview
Indianapolis Opera Company, operating under the name Indianapolis Opera, is located in Indianapolis, IN. The organization was established in 1976. 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 06/2022, Indianapolis Opera employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indianapolis Opera 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 06/2022, Indianapolis Opera generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $998.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF INDIANAPOLIS OPERA IS TO EDUCATE, INSPIRE AND ENTERTAIN THROUGH THE CREATION AND PRESENTATION OF MUSICAL STORYTELLING FOR THE HOOSIER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF INDIANAPOLIS OPERA IS TO EDUCATE, INSPIRE, AND ENTERTAIN THROUGH THE CREATION AND PRESENTATION OF MUSICAL STORYTELLING FOR THE HOOSIER COMMUNITY. INDIANAPOLIS OPERA (IO) BRINGS THE PASSION, EXCITEMENT, AND ART OF OPERA AND VOCAL MUSIC TO INDIANA DURING THE 2021-2022 SEASON REACHING AN AUDIENCE OF 31,419.
INDIANAPOLIS OPERA'S RESIDENT ARTISTS PERFORMED ACROSS THE STATE OF INDIANA WITH 8,251 VIEWERS DURING 2021-2022. COMPRISED OF 8 RESIDENT ARTISTS, EMERGING ARTISTS (FOUR SINGERS AND ONE PIANISTS FOR FALL AND SPRING SEMESTERS) AND AS WELL AS 20 ADDITIONAL OUTREACH ARTISTS ENGAGED THROUGHOUT THE YEAR, THE RESIDENT ARTISTS PERFORM IN PERSON WITH A CHILDREN'S OPERA FOR ELEMENTARY STUDENTS, A VOCAL WORKSHOP FOR MIDDLE AND HIGH SCHOOL STUDENTS, AND A REVUE-STYLE RECITAL PROGRAM FOR COLLEGE STUDENTS, ADULTS, AND SENIOR CITIZENS IN SCHOOLS, COMMUNITY CENTERS, AND RETIREMENT HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Starkey General Director | Officer | 40 | $92,005 |
Kevin Deford Vice-President | OfficerTrustee | 4 | $0 |
Mike Schultz President | OfficerTrustee | 10 | $0 |
Alan Goldstein Secretary | OfficerTrustee | 3 | $0 |
Nancy Thompson Vice-President | OfficerTrustee | 3 | $0 |
Arnold Hanish Asst Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,329 |
| Related organizations | $19,797 |
| Government grants | $41,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,046,236 |
| Noncash contributions included in lines 1a–1f | $509,478 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,128,182 |
| Total Program Service Revenue | $186,026 |
| Investment income | $1,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,897 |
| Net Gain/Loss on Asset Sales | -$764 |
| Net Income from Fundraising Events | $59,287 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,429,356 |
| 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. | $92,005 |
| Compensation of current officers, directors, key employees. | $6,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,652 |
| Advertising and promotion | $40,975 |
| Office expenses | $7,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,021 |
| Travel | $15,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,042 |
| Insurance | $24,217 |
| All other expenses | $0 |
| Total functional expenses | $998,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,613 |
| 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 | $22,017 |
| Net Land, buildings, and equipment | $2,513,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,256,088 |
| Accounts payable and accrued expenses | $197,857 |
| Grants payable | $0 |
| Deferred revenue | $60,139 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $407,896 |
| Net assets without donor restrictions | $2,640,076 |
| Net assets with donor restrictions | $208,116 |
| 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 | $3,256,088 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Indianapolis Opera Company has recieved totaling $193,285.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Christel Dehaan Family Foundation Inc Indianapolis, IN PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: Charitable contribution | $27,375 |
Arts Council Of Indianapolis Inc Indianapolis, IN PURPOSE: ARTS PROGRAMMING & COVID RELIEF | $16,610 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: In memory of Jerry Garvey | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyric Opera Of Chicago Chicago, IL | $270,226,178 | $60,302,671 |
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 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Indianapolis Opera Company Indianapolis, IN | $3,256,088 | $1,429,356 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |
The Haymarket Opera Company Nfp Chicago, IL | $366,396 | $568,992 |