Opera Carolina
- Assets
- $162.3k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Charlotte, NC
- Founding
- 01/1957
- Data as of
- 06/2023
- EIN
- 56-6019660
Organization Overview
Opera Carolina is located in Charlotte, NC. The organization was established in 1957. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Opera Carolina employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Carolina 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 06/2023, Opera Carolina generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE, EDUCATION AND OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE PRESENTATION OF THREE MAIN STAGE OPERAS AND A RANGE OF EDUCATIONAL PROGRAMS INCLUDING IN-SCHOOL PERFORMANCES AND WORKSHOPS, STUDENT NIGHTS AT MAIN STAGE PERFORMANCES AND PERFORMANCES IN REMOTE COMMUNITIES IN NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PROGRAM SERVICE ACTIVITY IS THAT OF MAIN STAGE PRODUCTIONSAND EDUCATIONAL ACTIVITIES. OUR MAIN STAGE SHOWCASED MULTIPLEPRODUCTIONS WHICH FULFILLED OUR EXEMPT PURPOSE OF PROVIDING ACCESSIBILITY TO AND DEVELOPING KNOWLEDGE OF PROFESSIONAL OPERA AND ELEVATING THE QUALITY OF CULTURAL LIFE IN THE CAROLINAS.
THE EDUCATIONAL ACTIVITIES INCLUDE OUR OPERA EXPRESS TOURING ARM WHICH ENGAGES OVER 20,000 CHILDREN BY MEANS OF MULTIPLE PERFORMANCES ACROSS THE STATES OF NORTH CAROLINA, SOUTH CAROLINA, AND GEORGIA; STUDENT NIGHT AT THE OPERA WHICH IS HELD DURING DRESS REHEARSAL FOR EACH MAIN STAGE PRODUCTION AND IN WHICH STUDENTS AND ADULTS PARTICIPATED, AND OPERA CAROLINA ACADEMY WHICH PROVIDES ACCESS TO MUSIC INSTRUCTION, MUSIC-DRAMA INSTRUCTION, AND AGE APPROPRIATE VOCAL INSTRUCTION FOR STUDENTS OF ALL AGES IN AN ARTISTIC ATMOSPHERE WHICH EMPHASIZES CLASSICAL MUSIC WHILE HONORING THE VALUE OF MUSICAL EXPRESSION IN ALL GENRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Reed Director | Trustee | 1 | $0 |
Arlene Ferebee Immediate Past Chair | OfficerTrustee | 1 | $0 |
Barbara Holt Director | Trustee | 1 | $0 |
Carol Kendrick Vice Chair | OfficerTrustee | 1 | $0 |
Charlotte Payne Director | Trustee | 1 | $0 |
Christpher Mardany Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $249,580 |
| Related organizations | $69,457 |
| Government grants | $789,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $800,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,909,200 |
| Total Program Service Revenue | $667,094 |
| 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 | $254,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,920,365 |
| 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. | $120,502 |
| Compensation of current officers, directors, key employees. | $21,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,076 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,964 |
| Payroll taxes | $54,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $987,438 |
| Advertising and promotion | $164,068 |
| Office expenses | $5,239 |
| Information technology | $7,206 |
| Royalties | $0 |
| Occupancy | $355,047 |
| Travel | $92,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,764 |
| Insurance | $54,005 |
| All other expenses | $185,219 |
| Total functional expenses | $3,265,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$98,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $97,798 |
| Accounts receivable, net | $0 |
| 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 | $18,906 |
| Net Land, buildings, and equipment | $109,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $250 |
| Other assets | $33,944 |
| Total assets | $162,313 |
| Accounts payable and accrued expenses | $137,748 |
| Grants payable | $0 |
| Deferred revenue | $205,160 |
| 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 | $2,223,683 |
| Total liabilities | $2,566,591 |
| Net assets without donor restrictions | -$2,536,570 |
| Net assets with donor restrictions | $132,292 |
| 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 | $162,313 |