Newberry Opera House Foundation Inc
- Assets
- $5.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Newberry, SC
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 57-0964360
Organization Overview
Newberry Opera House Foundation Inc is located in Newberry, SC. The organization was established in 1994. 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 06/2022, Newberry Opera House Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newberry Opera House Foundation 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, Newberry Opera House Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEWBERRY OPERA HOUSE IS TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF NEWBERRY AND THE MIDLANDS THROUGH THE WINDOW OF THE ARTS IN CONCERT WITH ARTS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEWBERRY OPERA HOUSE PERFORMING ARTS CENTER IS A 400 SEAT VICTORIAN AUDITORIUM WITHIN THE HISTORIC, RENOVATED OPERA HOUSE BUILDING. ON AVERAGE, THE OPERA HOUSE PERFORMING ARTS CENTER PRESENTS APPROXIMATELY 150 PERFORMANCES ANNUALLY. THE PRIMARY ACCOMPLISHMENTS OF THE FOUNDATION ARE MEASURED EACH YEAR BY THE GENERAL PUBLIC'S CONTINUED INTEREST AND ATTENDANCE OF SCHEDULED ARTIST'S PERFORMANCES AND CULTURAL EVENTS CONDUCTED AT THE HISTORIC OPERA HOUSE PERFORMING ARTS CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Luke Mccormack Vice Chairma | OfficerTrustee | 2 | $0 |
Mr Tom Pope Secretary | OfficerTrustee | 2 | $0 |
Ms Beth Hipp Guild Presid | OfficerTrustee | 2 | $0 |
Mr Jack Shields Chairman | OfficerTrustee | 2 | $0 |
Ms Susan Hazel Wessinger Treasurer | OfficerTrustee | 2 | $0 |
Ms Molly Fortune Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $738 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,928,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,646 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,388,872 |
| Total Program Service Revenue | $1,199,434 |
| Investment income | $23,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,165 |
| Net Gain/Loss on Asset Sales | $410 |
| Net Income from Fundraising Events | $14,524 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,673,500 |
| 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 | $402,359 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,071,354 |
| Advertising and promotion | $180,506 |
| Office expenses | $11,421 |
| Information technology | $4,944 |
| Royalties | $0 |
| Occupancy | $40,287 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,683 |
| Insurance | $17,094 |
| All other expenses | $5,695 |
| Total functional expenses | $2,020,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881,179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,350 |
| Accounts receivable, net | $1,584,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,426 |
| Prepaid expenses and deferred charges | $23,191 |
| Net Land, buildings, and equipment | $1,890,638 |
| Investments—publicly traded securities | $516,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,917,873 |
| Accounts payable and accrued expenses | $18,524 |
| Grants payable | $0 |
| Deferred revenue | $191,838 |
| 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 | $0 |
| Total liabilities | $210,362 |
| Net assets without donor restrictions | $3,692,523 |
| Net assets with donor restrictions | $2,014,988 |
| 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 | $5,917,873 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Newberry Opera House Foundation Inc has recieved totaling $29,011.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: NEWBERRY ARTS FOR ALL | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,006 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $245,003 |
| Earnings | -$29,428 |
| Net Contributions | $25,000 |
| Ending Balance | $240,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Newberry Opera House Foundation Inc Newberry, SC | $5,917,873 | $3,673,500 |
Opera Carolina Charlotte, NC | $1,027,140 | $1,727,592 |
Greensboro Opera Company Greensboro, NC | $506,881 | $836,842 |
North Carolina Opera Inc Raleigh, NC | $458,261 | $583,965 |
Piedmont Opera Inc Winstonsalem, NC | $1,581,602 | $756,973 |
Charleston Opera Theater Inc Charleston, SC | $5,186 | $0 |
Greenville Light Opera Works Glow Simpsonville, SC | $90,127 | $177,916 |
Opera Wilmington Nc Inc Wilmington, NC | $117,459 | $0 |
Opera Carolina Endowment Charlotte, NC | $4,426,596 | $264,517 |
The Durham Savoyards Limited Of Durham North Carolina Durham, NC | $152,690 | $0 |