Fargo Moorhead Opera Company
- Assets
- $294.8k
- Revenue
- $632.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Fargo, ND
- Founding
- 04/1969
- Data as of
- 06/2022
- EIN
- 45-0307449
Organization Overview
Fargo Moorhead Opera Company is located in Fargo, ND. The organization was established in 1969. 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 06/2023, Fargo Moorhead Opera Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Moorhead Opera Company 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, Fargo Moorhead Opera Company generated $632.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $604.5k during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 3 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
THE MISSION OF THE FARGO-MOORHEAD OPERA IS TO ENRICH THE REGION WITH DISTINCTIVE, EXCEPTIONAL ARTISTIC PROGRAMMING THAT WILL ENGAGE AND EXCITE AUDIENCES OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF OPERAS AND RELATED PERFORMANCES IN THE FARGO-MOORHEAD AREA, WHICH ARE ATTENDED BY MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Moore President | OfficerTrustee | 2 | $0 |
Gwen Hoberg Vice President | OfficerTrustee | 2 | $0 |
Regina Thiel Secretary | OfficerTrustee | 2 | $0 |
Carole Rogne Treasurer | OfficerTrustee | 2 | $0 |
Doug Barfield Director | Trustee | 2 | $0 |
James Teigland Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,920 |
| Noncash contributions included in lines 1a–1f | $68,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,594 |
| Total Program Service Revenue | $170,207 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,024 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,093 |
| 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 | $180,661 |
| Pension plan accruals and contributions | $3,716 |
| Other employee benefits | $5,773 |
| Payroll taxes | $14,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,282 |
| Advertising and promotion | $42,581 |
| Office expenses | $7,471 |
| Information technology | $810 |
| Royalties | $0 |
| Occupancy | $33,561 |
| Travel | $17,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $253 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,240 |
| Insurance | $2,306 |
| All other expenses | $131,305 |
| Total functional expenses | $604,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,528 |
| 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 | $4,985 |
| Net Land, buildings, and equipment | $6,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,816 |
| Accounts payable and accrued expenses | $19,802 |
| 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 | $71,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $90,807 |
| Net assets without donor restrictions | $204,009 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $294,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Minnesota Opera Minneapolis, MN | $36,038,130 | $16,099,693 |
Opera Montana Bozeman, MT | $320,358 | $677,801 |
Fargo Moorhead Opera Company Fargo, ND | $294,816 | $632,093 |
Lyric Opera Of The North Incorporated Duluth, MN | $98,550 | $291,474 |
Nova Center For The Performing Arts Inc Billings, MT | $406,946 | $275,824 |
Skylark Opera St Paul, MN | $104,678 | $167,737 |
Twin Cities Opera Guild Inc Saint Paul, MN | $623,446 | $165,958 |
Northern Light Opera Company Incorporated Park Rapids, MN | $62,044 | $0 |
An Opera Theatre Minneapolis, MN | $95,698 | $0 |
The Gilbert & Sullivan Very Light Opera Company Minneapolis, MN | $125,418 | $0 |
Western Plains Opera Company Inc Minot, ND | $48,690 | $0 |
Out Of The Box Opera Minneapolis, MN | $13,486 | $0 |
Opera Reading Project St Paul, MN | $32,068 | $0 |
Badlands Opera Project Dickinson, ND | $6,827 | $0 |