Opera House Fund Inc
- Assets
- $12.2m
- Revenue
- $726.5k
- Investments
- $12.2m
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 02/1976
- Data as of
- 06/2021
- 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 06/2021, Opera House Fund Inc generated $726.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $499.3k during the year ending 06/2021. While expenses have increased by 14.0% 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.
Since 2020, Opera House Fund Inc has awarded 24 individual grants totaling $1,356,502. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIES TO PERFORMING ARTS GROUPS USING THE LEXINGTON OPERA HOUSE. FIVE ORGANIZATIONS SUBSIDIZED.
GRANTS TO LEXINGTON CENTER CORPORATION, OWNER AND OPERATOR OF LEXINGTON OPERA HOUSE FOR CAPITAL IMPROVEMENT PROJECTS.
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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 | $2,450 |
| Interest on Savings | $35 |
| Dividends & Interest | $139,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $584,047 |
| Capital Gain Net Income | $584,047 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $726,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,904 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $47,281 |
| Contributions, gifts, grants paid | $451,992 |
| Total expenses and disbursements | $499,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,563 |
| Savings and temporary cash investments | $10,301 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $3,864 |
| Total assets | $12,224,693 |
| Accounts payable and accrued expenses | $1,590 |
| Grants payable | $0 |
| 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 | $1,590 |
Grants Awarded
Over the last fiscal year, Opera House Fund Inc has awarded $451,992 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: TO SUPPORT PROGRAM SERVICES | $381,000 |
UK OPERA THEATRE PURPOSE: TO SUPPORT PROGRAM SERVICES | $37,779 |
Lexington, KY PURPOSE: TO SUPPORT PROGRAM SERVICES | $15,468 |
REPERTORY THEATRE INC PURPOSE: TO SUPPORT PROGRAM SERVICES | $8,572 |
Lexington, KY PURPOSE: TO SUPPORT PROGRAM SERVICES | $5,770 |
BLUEGRASS YOUTH BALLET PURPOSE: TO SUPPORT PROGRAM SERVICES | $3,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opera House Fund Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Walter L Gross Iii Familyfoundation Cincinnati, OH PURPOSE: UNRESTRICTED DONATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Playhouse Square Foundation Cleveland, OH | $326,085,880 | $24,719,658 |
Tennessee Performing Arts Center Management Corporation Nashville, TN | $35,782,071 | $25,885,364 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Columbus Association For The Performing Arts Inc Columbus, OH | $47,823,383 | $16,173,985 |
Victoria Theatre Association Dayton, OH | $35,834,057 | $28,922,737 |
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 |
Music And Dance Theater Chicago Inc Chicago, IL | $59,585,451 | $8,251,636 |
Cincinnati Arts Association Cincinnati, OH | $56,926,622 | $8,741,930 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Luther F Carson Four Rivers Center Inc Paducah, KY | $59,072,684 | $5,458,266 |
Embassy Theatre Foundation Inc Fort Wayne, IN | $19,673,626 | $5,039,603 |