Minden Opera House Inc
- Assets
- $136.8k
- Revenue
- $198.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Minden, NE
- Founding
- 03/2000
- Data as of
- 08/2020
- EIN
- 47-0825124
Organization Overview
Minden Opera House Inc is located in Minden, NE. The organization was established in 2000. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Minden Opera House Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minden Opera House 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 08/2020, Minden Opera House Inc generated $198.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $189.9k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CULTURAL, EDUCATIONAL, LITERARY AND HISTORICAL ORGANIZATION FOR THE BENEFIT OF THE CITIZENS OF THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RESTORE, MAINTAIN AND OPERATE AN HISTORIC THEATER AND COMMERCIAL BUILDING OPERATED SOLELY AS A CHARITABLE SCIENTIFIC, LITERARY AND EDUCATIONAL, CULTURAL AND HISTORICAL PUBLIC BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcy Brandt Executive Director | Officer | 40 | $46,017 |
Angela Finn Vice President | OfficerTrustee | 5 | $0 |
Rob Armstrong Treasurer | OfficerTrustee | 5 | $0 |
Ron Nelson Secretary | OfficerTrustee | 5 | $0 |
Janene Hill President | OfficerTrustee | 5 | $0 |
Doug Hammer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,695 |
| Investment income | $3,682 |
| 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 | $9,323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,814 |
| Statement of Expenses | |
|---|---|
| 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. | $46,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,559 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $759 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,964 |
| Office expenses | $12,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,673 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $503 |
| Insurance | $2,969 |
| All other expenses | $0 |
| Total functional expenses | $189,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,641 |
| Prepaid expenses and deferred charges | $1,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,724 |
| Total assets | $136,801 |
| Accounts payable and accrued expenses | $2,424 |
| Grants payable | $0 |
| Deferred revenue | $22,493 |
| 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 | $868 |
| Other liabilities | $24,769 |
| Total liabilities | $50,554 |
| 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 |
| Total liabilities and net assets/fund balances | $86,247 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Minden Opera House Inc has recieved totaling $68,964.
| Awarding Organization | Amount |
|---|---|
Jazzbird Foundation Carefree, AZ PURPOSE: CHARITABLE | $40,000 |
Nels And Lucille Winther Foundation Minden, NE PURPOSE: PROGRAMMING | $15,000 |
Kearney Area Community Foundation Kearney, NE PURPOSE: PERFORMANCE FEES | $7,860 |
Leroy Thom Jean Thom And T-L Foundation Inc Hastings, NE PURPOSE: FINE ARTS | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Endowment Analysis
| Beg. Balance | $87,724 |
| Earnings | $22,618 |
| Admin Expense | $1,005 |
| Net Contributions | $6,000 |
| Ending Balance | $115,337 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Center For The Performing Arts Denver, CO | $79,355,103 | $53,451,587 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
Producers Live Stock Cr Corp Omaha, NE | $188,745,900 | $8,023,454 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |
Sheldon Arts Foundation Saint Louis, MO | $19,890,863 | $2,862,291 |
Fonner Park Exposition And Events Center Inc Grand Island, NE | $3,469,214 | $2,166,552 |
Friends Of Levitt Pavilion Denver Denver, CO | $1,477,528 | $3,241,132 |
Gillioz Center For Arts And Entertainment Springfield, MO | $537,009 | $2,542,105 |
Grand Center Inc St Louis, MO | $11,709,828 | $1,280,958 |