Grand Opera House Inc
- Assets
- $18.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 235
- Location
- Wilmington, DE
- Founding
- 12/1972
- Data as of
- 07/2023
- EIN
- 51-0116569
Organization Overview
Grand Opera House Inc is located in Wilmington, DE. The organization was established in 1972. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Grand Opera House Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand 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 07/2023, Grand Opera House Inc generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $7.7m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAND ENTERTAINS, ENGAGES, AND ENRICHES OUR COMMUNITY WITH DIVERSE LIVE PERFORMANCES AND EDUCATIONAL PROGRAMS IN A WELCOMING, PATRON-CENTERED ENVIRONMENT. AS PROUD STEWARDS, WE CELEBRATE OUR CHERISHED HISTORIC THEATERS THAT CREATE ECNOMIC VITALITY AND LIFT THE HUMAN SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRAND OPERA HOUSE, INC. STRIVES TO EXPAND PEOPLE'S HORIZONS BY PRESENTING A WIDE VARIETY OF ARTISTICALLY ACCLAIMED PERFORMERS AND BY PRESERVING ONE OF DELAWARE'S ARCHITECTURAL LANDMARKS.ITS PROGRAMMING REFLECTS AND CELEBRATES THE CULTURAL DIVERSITY OF THE COMMUNITY AND PROVIDES EDUCATIONAL OPPORTUNITIES, HELPING TO ENSURE CULTURALLY LITERATE FUTURE GENERATIONS OF AUDIENCES. BY MAINTAINING ITS ARCHITECTURAL INTEGRITY, TECHNICAL EXCELLENCE, AND COMMITMENT TO SERVE AS THE VENUE OF CHOICE FOR DELAWARE'S PERFORMING ARTS ORGANIZATIONS, THE GRAND EXERTS A CONTINUING INFLUENCE ON THE REVITALIZATION OF DOWNTOWN WILMINGTON, DELAWARE, AND ENHANCES THE CULTURAL RESOURCES OF THE BRANDYWINE VALLEY, AND REMAINS A NATIONALLY ACCLAIMED RESTORED HISTORIC THEATER.IN JANUARY 2015, THE GRAND OPERA HOUSE ASSUMED OPERATIONS OF ANOTHER HISTORIC THEATER IN DOWNTOWN WILMINGTON, THE DUPONT THEATRE (WHICH WAS RENAMED THE PLAYHOUSE ON RODNEY SQUARE). THE PLAYHOUSE OPENED IN 1913 AS ONE OF THE SELECT THEATERS ACROSS THE COUNTRY TO BE INCLUDED ON THE BROADWAY TOURING CIRCUIT. NOW MORE THAN 100 YEARS OLD, THE PLAYHOUSE IS THE OLDEST, CONTINUOUSLY-OPERATING THEATER ON THE NATIONAL CIRCUIT. ALTHOUGH THE GRAND ACQUIRED THE THEATER BUSINESS AND SOME PURCHASED ASSETS FROM DUPONT COMPANY, IT OPERATES THE FACILITY UNDER A LEASE FROM THE CURRENT OWNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Disabatino Chairperson | OfficerTrustee | 0 | $0 |
Francis J Skip Pennella Immediate Past Chairman | OfficerTrustee | 0 | $0 |
Enid Wallace-Simms Vice Chairperson | OfficerTrustee | 0 | $0 |
Molly Dibianca Secretary | OfficerTrustee | 0 | $0 |
Frederick J Dawson Treasurer | OfficerTrustee | 0 | $0 |
Tatiana B Copeland Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seiberlich Trane Energy Services Hvac | 7/30/23 | $1,408,785 |
Universal Attractions Inc Artist Fee | 7/30/23 | $357,500 |
Bom Touring Llc Artist Fee | 7/30/23 | $277,919 |
1007 Market Partners Owner Llc Rent | 7/30/23 | $211,570 |
Anastasia Touring Llc Artist Fee | 7/30/23 | $196,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,141,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,821,916 |
| Total Program Service Revenue | $2,483,431 |
| Investment income | $87,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $676,391 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $185,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,118,218 |
| 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. | $196,530 |
| Compensation of current officers, directors, key employees. | $196,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,013,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $267,734 |
| Payroll taxes | $206,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,782 |
| Advertising and promotion | $440,108 |
| Office expenses | $69,898 |
| Information technology | $0 |
| Royalties | $51,630 |
| Occupancy | $65,083 |
| Travel | $77,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,171 |
| Interest | $29,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492,223 |
| Insurance | $128,111 |
| All other expenses | $703,089 |
| Total functional expenses | $7,748,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,315,447 |
| Savings and temporary cash investments | $280,316 |
| Pledges and grants receivable | $908,402 |
| Accounts receivable, net | $68,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,091 |
| Prepaid expenses and deferred charges | $158,153 |
| Net Land, buildings, and equipment | $9,508,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,937,163 |
| Total assets | $18,212,288 |
| Accounts payable and accrued expenses | $851,240 |
| Grants payable | $0 |
| Deferred revenue | $1,256,910 |
| 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 | $521,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $493,625 |
| Total liabilities | $3,123,510 |
| Net assets without donor restrictions | $7,470,710 |
| Net assets with donor restrictions | $7,618,068 |
| 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 | $18,212,288 |