Palm Beach Opera Inc

Organization Overview

Palm Beach Opera Inc is located in West Palm Beach, FL. The organization was established in 1965. 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 05/2022, Palm Beach Opera Inc employed 160 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Beach 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 05/2022, Palm Beach Opera Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $5.1m during the year ending 05/2022. While expenses have increased by 1.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PALM BEACH OPERA IS DEDICATED TO PRODUCING LIVE OPERA AT AN INTERNATIONAL STANDARD OF EXCELLENCE AND ENRICHING THE LIFE OF THE COMMUNITIES IT SERVES WITH A DIVERSE OFFERING OF EDUCATIONAL PROGRAMS, CONCERTS AND LECTURES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PBO'S CORE PROGRAMS ARE FULLY STAGED WORLD-CLASS OPERA PRODUCTIONS FEATURING A PROFESSIONAL ORCHESTRA, INTERNATIONALLY ACCLAIMED SOLOISTS, CONDUCTORS, DIRECTORS, AND SCENIC DESIGNERS, AS WELL AS LOCAL CHORUS AND STAGE CREW. PBO ATTRACTS A DIVERSE AUDIENCE OF OVER 25,000 OPERA LOVERS AND MAKES A SIGNIFICANT CONTRIBUTION TO THE ECONOMIC HEALTH AND SOCIAL VITALITY OF PALM BEACH COUNTY. IN THE COMPANY'S CELEBRATED 60TH ANNIVERSARY SEASON, WHILE STILL RECOVERING FROM THE PANDEMIC, THE OPERA PRODUCED THREE MAIN STAGE OPERAS: CARMEN, THE ELIXIR OF LOVE, AND THE MERRY WIDOW, AND ONE SEMI-STAGED OPERA: DIDO AND AENEAS. THE ANNUAL FUNDRAISING GALA FEATURED THE INTERNATIONALLY RENOWNED SOPRANO AND PALM BEACH OPERA ALUMNUS, NADINE SIERRA. PAST GALAS HAVE SHOWCASED SINGERS SUCH AS DIANA DAMRAU, MICHAEL FABIANO, MATTHEW POLENZANI, AND RENEE FLEMING.


PBO OFFERS TWO ARTIST TRAINING PROGRAMS FOR EMERGING POST-GRADUATE SINGERS SELECTED FROM NATIONAL AUDITIONS. THE BENENSON YOUNG ARTISTS COVER LEAD ROLES AND SING SMALLER ROLES FOR THE MAINSTAGE PRODUCTIONS, SING LEAD ROLES IN OUR OPERA DISCOVERY SERIES, AND SING IN ORCHESTRAL CONCERTS. THE BAILEY APPRENTICE ARTISTS PERFORM IN THE COMPANY'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS (SEE BELOW), AND SING IN THE CHORUS THROUGHOUT THE SEASON TO GAIN STAGE EXPERIENCE. ALL RECEIVE VOCAL, MUSICAL AND DRAMATIC TRAINING IN MASTERCLASSES AND COACHING. PBO CURRENTLY PROVIDES TRAINING FOR 18 SINGERS DURING THEIR 5 MONTH RESIDENCY.


PBO'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS ARE DELIVERED TO A BROAD SEGMENT OF THE COMMUNITY THROUGH FREE OR LOW-COST PRESENTATIONS AND ACTIVITIES DESIGNED TO BROADEN AWARENESS AND ENTHUSIASM FOR THE ART TO PEOPLE OF ALL AGES. PROGRAMS LIKE CONCERTS IN THE CLASSROOM, PBO STUDIO, STORYTIME SERIES, OPERA REHEARSAL 101, OPERA DISCOVERY SERIES, ANIMA, AND LUNCH & LEARN, PROVIDE A DEEPER APPRECIATION OF THE OPERA ART FORM TO OVER 13,000 INDIVIDUALS ANNUALLY. PBO SERVES OVER 7,000 LOCAL YOUNG PEOPLE THROUGH OUR EDUCATION PROGRAMS, PROVIDING SUPPLEMENTARY EDUCATIONAL MATERIALS FOR EDUCATORS THAT FIT STATE ACADEMIC STANDARDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$70,000
Government grants $993,653
All other contributions, gifts, grants, and similar amounts not included above$7,545,730
Noncash contributions included in lines 1a–1f $8,025
Total Revenue from Contributions, Gifts, Grants & Similar$8,609,383
Total Program Service Revenue$991,133
Investment income -$53,766
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $377,536
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,924,286

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Palm Beach Opera Inc has recieved totaling $22,000.

Awarding OrganizationAmount
$15,000
Kozloff Family Charitable Trust

Quakertown, PA

PURPOSE: DONEE'SDISCRETION

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,717,565
Earnings$37,321
Net Contributions$3,510,135
Other Expense$56,607
Ending Balance$6,208,414

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