The Atlanta Opera Inc
- Assets
- $27.0m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 132
- Location
- Atlanta, GA
- Founding
- 11/1979
- Data as of
- 06/2021
- EIN
- 58-1371843
Organization Overview
The Atlanta Opera Inc is located in Atlanta, GA. The organization was established in 1979. 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 06/2021, Atlanta Opera Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Opera 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, Atlanta Opera Inc generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $7.3m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ATLANTA OPERA STRIVES TO ENRICH OUR COMMUNITY BY CREATING THE HIGHEST QUALITY OPERATIC AND THEATRICAL PROGRAMMING THAT RE-IMAGINES THE CLASSICS AND INTRODUCES NEW WORKS.
Describe the Organization's Program Activity:
OPERA PERFORMANCES - LIVE PERFORMANCES OF LARGE SCALE INDOOR PRODUCTIONS WERE POSTPONED DURING THE YEAR DUE TO THE LINGERING IMPACT OF THE COVID-19 PANDEMIC.
COMMUNITY ENGAGEMENT AND EDUCATION PERFORMANCES - IN SCHOOL PERFORMANCES INCLUDE STUDIO TOUR, WORKSHOPS, MASTERCLASSES AND RESIDENCES FOR GRADES K-12; FINAL DRESS REHEARSAL AND FIELD TRIP PROGRAMS BRING STUDENTS TO FULLY STAGED MAINSTAGE PRODUCTIONS FOR GRADES 6-12. THESE PROGRAMS SERVED A COMBINED 37,817 STUDENTS AT 88 EDUCATIONAL INSTITUTIONS. COMMUNITY ENGAGEMENT PROGRAMS SUCH A PRE-TALKS, PANELS, POP-UP CONCERTS, AND PARTNERSHIP EVENTS SERVED 2,778 COMMUNITY MEMBERS AT 11 TOTAL EVENTS.
DISCOVERIES SERIES - LIVE AND FILMED PERFORMANCES DEDICATED TO OUR AUDIENCE MEMBERS WHO ARE LOOKING FOR NEW WORK, NEW IDEAS, AND FRESH PERSPECTIVES. SERVING APPROXIMATELY 4,037 PATRONS ANNUALLY, THE SERIES IS PERFORMED AT A SMALLER, URBAN VENUES THAT ARE EASILY ACCESSIBLE VIA MASS TRANSIT. THE PERFORMANCES WERE FILMED DURING THE YEAR FOR PODCASTS, VIDEO SHORTS, AND EDUCATIONAL USE AND REACHED 36,000 PATRONS DURING THE YEAR.
OPERA PERFORMANCES - LIVE PERFORMANCES OF LARGE SCALE INDOOR PRODUCTIONS WERE POSTPONED DURING THE YEAR DUE TO THE LINGERING IMPACT OF THE COVID-19 PANDEMIC.
COMMUNITY ENGAGEMENT AND EDUCATION PERFORMANCES - IN SCHOOL PERFORMANCES INCLUDE STUDIO TOUR, WORKSHOPS, MASTERCLASSES AND RESIDENCES FOR GRADES K-12; FINAL DRESS REHEARSAL AND FIELD TRIP PROGRAMS BRING STUDENTS TO FULLY STAGED MAINSTAGE PRODUCTIONS FOR GRADES 6-12. THESE PROGRAMS SERVED A COMBINED 37,817 STUDENTS AT 88 EDUCATIONAL INSTITUTIONS. COMMUNITY ENGAGEMENT PROGRAMS SUCH A PRE-TALKS, PANELS, POP-UP CONCERTS, AND PARTNERSHIP EVENTS SERVED 2,778 COMMUNITY MEMBERS AT 11 TOTAL EVENTS.
DISCOVERIES SERIES - LIVE AND FILMED PERFORMANCES DEDICATED TO OUR AUDIENCE MEMBERS WHO ARE LOOKING FOR NEW WORK, NEW IDEAS, AND FRESH PERSPECTIVES. SERVING APPROXIMATELY 4,037 PATRONS ANNUALLY, THE SERIES IS PERFORMED AT A SMALLER, URBAN VENUES THAT ARE EASILY ACCESSIBLE VIA MASS TRANSIT. THE PERFORMANCES WERE FILMED DURING THE YEAR FOR PODCASTS, VIDEO SHORTS, AND EDUCATIONAL USE AND REACHED 36,000 PATRONS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Tomer Zvulun Ex Officio Ceo, General & Artistic Direct | Officer | 45 | $315,671 |
Mr Paul R Harkins Chief Advancement Officer | Officer | 45 | $140,851 |
Mr Micah B Fortson Managing Director | Officer | 45 | $110,364 |
Mrs Kathy J White Director Of Finance | Officer | 45 | $89,843 |
Mr Kevin G Mynatt Director Of Production | Officer | 45 | $86,271 |
Mr Rhys T Wilson Board Chair | OfficerTrustee | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cobb Energy Performing Arts Centre Hall/venue Rental | 6/29/17 | $465,809 |
Atc Rent - Office Space | 6/29/17 | $246,573 |
Utp Productions Inc Payroll Service | 6/29/17 | $353,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $960,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,684,135 |
| Noncash contributions included in lines 1a–1f | $1,047,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,644,335 |
| Total Program Service Revenue | $363,457 |
| Investment income | $215,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $756,348 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,851 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,248,438 |
| 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. | $967,967 |
| Compensation of current officers, directors, key employees. | $368,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,370,060 |
| Pension plan accruals and contributions | $2,734 |
| Other employee benefits | $201,095 |
| Payroll taxes | $190,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $958 |
| Fees for services: Accounting | $31,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,694 |
| Fees for services: Other | $858,100 |
| Advertising and promotion | $342,956 |
| Office expenses | $81,654 |
| Information technology | $147,770 |
| Royalties | $0 |
| Occupancy | $523,555 |
| Travel | $65,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,112 |
| Insurance | $39,962 |
| All other expenses | $0 |
| Total functional expenses | $7,268,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $851,660 |
| Savings and temporary cash investments | $2,879,762 |
| Pledges and grants receivable | $1,512,315 |
| Accounts receivable, net | $6,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,484 |
| Prepaid expenses and deferred charges | $336,679 |
| Net Land, buildings, and equipment | $2,184,899 |
| Investments—publicly traded securities | $17,914,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48 |
| Other assets | $1,289,962 |
| Total assets | $26,985,184 |
| Accounts payable and accrued expenses | $940,263 |
| Grants payable | $0 |
| Deferred revenue | $844,879 |
| 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 | $840,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,625,392 |
| Net assets without donor restrictions | $3,057,211 |
| Net assets with donor restrictions | $21,302,581 |
| 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 | $26,985,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Atlanta Opera Inc has recieved totaling $115,000.
| Awarding Organization | Amount |
|---|---|
Gable Foundation Inc Atlanta, GA PURPOSE: GENERAL | $115,000 |
Endowment Analysis
| Beg. Balance | $11,420,529 |
| Earnings | $3,377,212 |
| Admin Expense | $57,694 |
| Net Contributions | $600,156 |
| Other Expense | $240,895 |
| Ending Balance | $15,099,308 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sarasota Opera Association Inc Sarasota, FL | $28,856,599 | $10,657,672 |
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Palm Beach Opera Inc West Palm Beach, FL | $12,939,353 | $9,924,286 |
Greater Miami Opera Inc Miami, FL | $224,438 | $3,555,793 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Opera Guild Inc Of Fort Lauderdale Fort Lauderdale, FL | $0 | $1,817,251 |
Newberry Opera House Foundation Inc Newberry, SC | $5,917,873 | $3,673,500 |
Nashville Opera Association Nashville, TN | $10,829,028 | $1,740,899 |
Florida Grand Opera Inc Miami, FL | $7,700,234 | $5,233,007 |
Opera Carolina Charlotte, NC | $1,027,140 | $1,727,592 |
Opera Naples Inc Naples, FL | $3,990,493 | $1,623,867 |
Knoxville Opera Company Knoxville, TN | $1,743,174 | $1,430,096 |