Natchez Opera Festival Inc
- Assets
- $200.8k
- Revenue
- $156.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Natchez, MS
- Founding
- 07/1991
- Data as of
- 12/2022
- EIN
- 58-1948469
Organization Overview
Natchez Opera Festival Inc is located in Natchez, MS. The organization was established in 1991. 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 the central organization for a national or regional group of organizations. Natchez Opera Festival 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 12/2022, Natchez Opera Festival Inc generated $156.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $188.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC EDUCATION AND ENTERTAINMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARING FOR AN ANNUAL OPERA PERFORMANCE AND SCHOOL EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Glaze Chairman | OfficerTrustee | 4 | $0 |
Marsha Colson Vice Chairman | OfficerTrustee | 1 | $0 |
Charlotte Franklin Secretary | OfficerTrustee | 8 | $0 |
Bob Sizemore Treasurer | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,492 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,492 |
| Total Program Service Revenue | $106,423 |
| 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 | $156,915 |
| 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 | $4,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $843 |
| Advertising and promotion | $15,473 |
| Office expenses | $12,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,132 |
| 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 | $9,540 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $188,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,241 |
| Savings and temporary cash investments | $131,406 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $200,823 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $200,823 |
| Net assets with donor restrictions | $0 |
| 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 | $200,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Opera Association Nashville, TN | $12,710,301 | $2,897,436 |
New Orleans Opera Association New Orleans, LA | $2,269,210 | $2,817,629 |
Knoxville Opera Company Knoxville, TN | $1,733,763 | $1,617,301 |
Opera Memphis Inc Memphis, TN | $5,948,839 | $1,091,881 |
Opera Birmingham Birmingham, AL | $1,131,220 | $592,267 |
Grand Opera House Of The South Inc Crowley, LA | $3,676,749 | $408,749 |
Shreveport Opera Shreveport, LA | $1,722,935 | $844,018 |
Mississippi Opera Association Inc Jackson, MS | $127,740 | $390,702 |
Opera Louisiane Inc Baton Rouge, LA | $130,954 | $336,069 |
Mobile Opera Inc Mobile, AL | $1,156,962 | $894,700 |
New Orleans Theatre Association Inc New Orleans, LA | $1,064,068 | $383,291 |
Natchez Opera Festival Inc Natchez, MS | $200,823 | $156,915 |
Marble City Opera Company Knoxville, TN | $29,869 | $0 |
Opera Huntsville Huntsville, AL | $8,638 | $0 |
Opera Memphis Endowment Foundation Memphis, TN | $347,345 | $8,925 |
Hattiesburg Civic Light Opera Inc Hattiesburg, MS | $16,545 | $0 |