Charleston Light Opera Guild Inc
- Assets
- $394.0k
- Revenue
- $206.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 11/1951
- Data as of
- 12/2021
- EIN
- 55-0346301
Organization Overview
Charleston Light Opera Guild Inc is located in Charleston, WV. The organization was established in 1951. 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. Charleston Light Opera Guild 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 12/2021, Charleston Light Opera Guild Inc generated $206.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $190.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE HIGH QUALITY MUSICAL THEATER PRODUCTIONS IN WHICH LOCAL INDIVIDUALS DEVELOP AND DISPLAY THEIR TALENTS PRESENTED AT AFFORDABLE PRICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSICAL THEATRE PRODUCTIONS IN WHICH LOCAL INDIVIDUALS DEVELOP AND DISPLAY THEIR TALENTS, PRESENTED AT AFFORDABLE PRICES TO APPROXIMATELY 15,000 ATTENDEES EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jarrell Vice President | OfficerTrustee | 2 | $0 |
Horace Emery Treasurer | OfficerTrustee | 8 | $0 |
Elizabeth Cary Brown Secretary | OfficerTrustee | 2 | $0 |
Eric Hudnall President | OfficerTrustee | 12 | $0 |
Anne-Marie Elliott Board Member | Trustee | 2 | $0 |
Mark Felton Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,944 |
| Total Program Service Revenue | $29,117 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,076 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,930 |
| Office expenses | $2,764 |
| Information technology | $0 |
| Royalties | $12,306 |
| Occupancy | $29,503 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,153 |
| Insurance | $11,752 |
| All other expenses | $2,062 |
| Total functional expenses | $190,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,441 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,851 |
| Net Land, buildings, and equipment | $168,440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $394,018 |
| Accounts payable and accrued expenses | $2,020 |
| Grants payable | $0 |
| Deferred revenue | $5,625 |
| 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 | $0 |
| Other liabilities | $981 |
| Total liabilities | $8,626 |
| Net assets without donor restrictions | $330,432 |
| Net assets with donor restrictions | $54,960 |
| 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 | $394,018 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Charleston Light Opera Guild Inc has recieved totaling $97,937.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $35,000 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $25,000 |
Fund For The Arts Inc Charleston, WV PURPOSE: TO SUPPORT & FOSTER ARTISTIC ENDEAVORS | $12,937 |
Maier Foundation Inc Charleston, WV PURPOSE: OPERATING FUNDS | $10,000 |
Daywood Foundation Inc Charleston, WV PURPOSE: PROGRAMMING | $10,000 |
Bb & T West Virginia Foundation Inc Charleston, WV PURPOSE: GENERAL OPERATING | $5,000 |
Endowment Analysis
| Earnings | $425 |
| Net Contributions | $20,000 |
| Ending Balance | $20,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Philadelphia Philadelphia, PA | $10,821,353 | $11,047,971 |
Pittsburgh Opera Inc Pittsburgh, PA | $33,685,056 | $15,132,156 |
Cincinnati Opera Association Cincinnati, OH | $40,351,951 | $5,063,717 |
Civic Light Opera Association Pittsburgh, PA | $18,382,442 | $7,903,885 |
Fulton Theatre Company Lancaster, PA | $42,962,045 | $8,952,577 |
Virginia Opera Assoc Inc Norfolk, VA | $2,261,019 | $3,745,037 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Opera Association Of Central Ohio Columbus, OH | $1,269,312 | $1,287,831 |
Toledo Opera Association Toledo, OH | $4,577,028 | $1,254,776 |
Pittsburgh Opera Theater Inc Pittsburgh, PA | $277,338 | $656,627 |
Baltimore Concert Opera Inc Baltimore, MD | $582,728 | $367,898 |
Opera Roanoke Roanoke, VA | $706,514 | $476,651 |