Twin Cities Opera Guild Inc
- Assets
- $618.9k
- Revenue
- $80.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 10/1967
- Data as of
- 12/2021
- EIN
- 41-6058478
Organization Overview
Twin Cities Opera Guild Inc is located in Saint Paul, MN. The organization was established in 1967. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Opera Guild 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 12/2021, Twin Cities Opera Guild Inc generated $80.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $71.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS ARE GIVEN FOR OPERA AND MUSIC EDUCATION PROGRAMS FOR CHILDREN. IN 2020 TCOG PROGRAMS SERVED 15800 CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL GRANTS AND AWARDS WERE MADE FOR THE EDUCATION AND TEACHING OF OPERA AND MUSIC THROUGH SCHOOLS AND PUBLIC INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Nelson 1st Vice President | Officer | 1 | $0 |
Judy Boylan Membership Treasurer | Officer | 1 | $0 |
Judith Stone 2nd Vice President | Officer | 1 | $0 |
Pirkkko Vanska Assistant Treasurer | Officer | 1 | $0 |
Patricia Farnham Recording Secretary | Officer | 2 | $0 |
Arlene Goodman Alm Treasurer | Officer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,000 |
| Fundraising events | $47,065 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,292 |
| Total Program Service Revenue | $300 |
| Investment income | $15,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $50 |
| 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 | $1,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $675 |
| All other expenses | $0 |
| Total functional expenses | $71,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $520,177 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $618,900 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $618,900 |
| Total liabilities and net assets/fund balances | $618,900 |
Grants Awarded
Over the last fiscal year, Twin Cities Opera Guild Inc has awarded $28,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: Support | $12,000 |
Minneapolis, MN PURPOSE: Support | $10,000 |
Fargo, ND | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twin Cities Opera Guild Inc has recieved totaling $20.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Fargo Moorhead Opera Company Fargo, ND | $294,816 | $632,093 |
Pella Opera House Commission Pella, IA | $2,774,493 | $769,782 |
Opera For The Young Inc Madison, WI | $518,511 | $325,341 |
Lyric Opera Of The North Incorporated Duluth, MN | $114,889 | $287,922 |
Cedar Rapids Opera Theatre Cedar Rapids, IA | $144,760 | $305,349 |
Mill City Summer Opera Minneapolis, MN | $28,630 | $128,184 |
Northern Light Opera Company Incorporated Park Rapids, MN | $60,616 | $0 |
Milwaukee Opera Theatre Inc Elm Grove, WI | $172,296 | $0 |