Tibbits Opera Foundation And Arts Council Inc is located in Coldwater, MI. The organization was established in 1965. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Tibbits Opera Foundation And Arts Council Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tibbits Opera Foundation And Arts Council Inc 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 09/2022, Tibbits Opera Foundation And Arts Council Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $853.4k during the year ending 09/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE CULTURAL AND EDUCATIONAL BENEFITS AND PRESERVATION OF THE HISTORIC TIBBITS OPERA HOUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCES PROFESSIONAL SUMMER STOCK THEATRE AND A YOUTH THEATRE PROGRAM PRESENTS PROFESSIONAL TOURING ARTISTS AND ARTS PROGRAMMING FOR AREA SCHOOLS AND YOUTH PROVIDES THE HISTORIC THEATRE AS A VENUE FOR COMMUNITY ORGANIZATIONS, BUSINESSES AND INDIVIDUALS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christine Delaney Execdirector | Officer | 40 | $45,760 |
Chris Donbrock President | OfficerTrustee | 1 | $0 |
John Bolton Vice Preside | OfficerTrustee | 1 | $0 |
Ken Norton Treasurer | OfficerTrustee | 1 | $0 |
Joe Hughes Secretary | OfficerTrustee | 1 | $0 |
Rick Merrill Past Preside | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $91,323 |
All other contributions, gifts, grants, and similar amounts not included above | $544,362 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $635,685 |
Total Program Service Revenue | $266,139 |
Investment income | $10,207 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $38,624 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $82,733 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,033,388 |
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 | $381,824 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,333 |
Payroll taxes | $28,173 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $40,749 |
Travel | $5,680 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,880 |
Interest | $2,733 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $103,514 |
Insurance | $21,085 |
All other expenses | $83,257 |
Total functional expenses | $853,351 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $59,538 |
Savings and temporary cash investments | $303,211 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,886 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $19,259 |
Prepaid expenses and deferred charges | $17,233 |
Net Land, buildings, and equipment | $1,938,099 |
Investments—publicly traded securities | $277,141 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $14,603 |
Other assets | $0 |
Total assets | $2,633,970 |
Accounts payable and accrued expenses | $122,248 |
Grants payable | $0 |
Deferred revenue | $201,073 |
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 | $133,293 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $456,614 |
Net assets without donor restrictions | $1,859,315 |
Net assets with donor restrictions | $318,041 |
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 | $2,633,970 |
Over the last fiscal year, we have identified 4 grants that Tibbits Opera Foundation And Arts Council Inc has recieved totaling $9,865.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,550 |
Allstate Foundation Northbrook, IL PURPOSE: AGENT - INDIVIDUAL HH GRANT | $1,000 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Organization Name | Assets | Revenue |
---|---|---|
Greater Columbus Arts Council Inc Columbus, OH | $9,747,669 | $12,867,365 |
Arts Council Of Indianapolis Inc Indianapolis, IN | $8,597,633 | $5,263,250 |
Arts United Of Greater Fort Wayne Fort Wayne, IN | $21,534,301 | $3,773,379 |
Indiana Humanities Council Inc Indianapolis, IN | $8,992,568 | $3,654,687 |
Arts Commission Of Greater Toledo Inc Toledo, OH | $2,952,895 | $2,261,161 |
Performing Arts Foundation Inc Wausau, WI | $2,793,768 | $2,598,770 |
Crooked Tree Arts Council Inc Petoskey, MI | $8,078,138 | $2,057,244 |
Fitton Center For Creative Arts Hamilton, OH | $3,761,863 | $1,165,513 |
Greater Flint Arts Council Flint, MI | $719,952 | $1,340,904 |
Culture Works Dayton, OH | $3,279,032 | $1,173,944 |
Arts League Of Michigan Inc Detroit, MI | $1,339,389 | $1,259,727 |
Kalamazoo Arts Council Inc Kalamazoo, MI | $1,347,014 | $1,153,403 |