Valley Opera And Performing Arts
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reseda, CA
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 46-1963085
Organization Overview
Valley Opera And Performing Arts is located in Reseda, CA. The organization was established in 2013. 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. Valley Opera And Performing Arts 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, Valley Opera And Performing Arts generated $46.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $45.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gencie T Mondrus Chairperson | 8 | $0 | |
Jay Michtom Chief Financial Officer | 2 | $0 | |
David Lapidus Secretary | 1 | $0 | |
Jill Michtom Director | 1 | $0 | |
Renee Gordon Director | 1 | $0 | |
Adrien Roberts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,737 |
| Total Program Service Revenue | $15,312 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,049 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,250 |
| Professional fees and other payments to independent contractors | $13,585 |
| Occupancy, rent, utilities, and maintenance | $182 |
| Printing, publications, postage, and shipping | $773 |
| Other expenses | $8,584 |
| Total expenses | $45,374 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,144 |
| Other assets | $0 |
| Total assets | $2,144 |
| Total liabilities | $98,165 |
| Net assets or fund balances | -$96,021 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Valley Opera And Performing Arts has recieved totaling $3,060.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Opera Association San Diego, CA | $16,926,315 | $9,586,984 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Merola Opera Program San Francisco, CA | $44,068,195 | $6,981,878 |
Southern Nevada Operating Engineers Journeyman & Apprentice Trng Trust Pasadena, CA | $24,160,853 | $2,787,324 |
Hawaii Opera Theatre Honolulu, HI | $9,881,133 | $2,939,876 |
Opera San Jose Incorporated San Jose, CA | $12,606,207 | $4,136,604 |
Long Beach Opera Long Beach, CA | $345,844 | $1,381,983 |
Woodland Opera House Inc Woodland, CA | $1,596,834 | $1,278,208 |
Lamplighters Music Theatre San Francisco, CA | $529,842 | $1,053,166 |
West Edge Opera Berkeley, CA | $503,118 | $993,606 |
Industry Productions Inc Los Angeles, CA | $457,130 | $635,792 |