Opera House Fund Inc
- Assets
- $10.4m
- Revenue
- $775.2k
- Investments
- $10.2m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/1976
- Data as of
- 06/2022
- EIN
- 51-0180177
Organization Overview
Opera House Fund Inc is located in Lexington, KY. The organization was established in 1976. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera House Fund 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 06/2022, Opera House Fund Inc generated $775.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $457.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Opera House Fund Inc has awarded 27 individual grants totaling $1,404,924. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIES TO PERFORMING ARTS GROUPS USING THE LEXINGTON OPERA HOUSE. ELEVEN ORGANIZATIONS SUBSIDIZED.
GRANTS TO LEXINGTON CENTER CORPORATION, OWNER AND OPERATOR OF LEXINGTON OPERA HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Young Jr President & Director | 1 | $0 | |
Linda Carey Vice President & Director | 0.2 | $0 | |
Douglas Dean Secretary/treasurer & Director | 1 | $0 | |
W James Host Director | 0.2 | $0 | |
Christopher Young Director | 0.2 | $0 | |
Burgess Carey Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $154,405 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $620,749 |
| Capital Gain Net Income | $620,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $775,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $48,222 |
| Contributions, gifts, grants paid | $408,851 |
| Total expenses and disbursements | $457,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,556 |
| Savings and temporary cash investments | $43,054 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $136,825 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,668 |
| Total assets | $10,412,050 |
| Accounts payable and accrued expenses | $646 |
| Grants payable | $45,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,646 |
Grants Awarded
Over the last fiscal year, Opera House Fund Inc has awarded $500,677 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE ARTS SCHOOL (SCAPA) PURPOSE: TO SUPPORT PROGRAM SERVICES | $60,409 |
BLUEGRASS YOUTH BALLET PURPOSE: TO SUPPORT PROGRAM SERVICES | $27,642 |
KENTUCKY CHINESE AMERICAN ASSOC PURPOSE: TO SUPPORT PROGRAM SERVICES | $43,189 |
LEXINGTON BALLET COMPANY PURPOSE: TO SUPPORT PROGRAM SERVICES | $11,973 |
LEXINGTON CENTER CORPORATION PURPOSE: TO SUPPORT PROGRAM SERVICES | $244,000 |
LEXINGTON CHILDREN'S THEATRE PURPOSE: TO SUPPORT PROGRAM SERVICES | $31,973 |