Monticello Opera House Inc
- Assets
- $832.4k
- Revenue
- $338.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Monticello, FL
- Founding
- 09/1972
- Data as of
- 06/2023
- EIN
- 59-1400288
Organization Overview
Monticello Opera House Inc is located in Monticello, FL. The organization was established in 1972. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Monticello Opera House Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monticello Opera House 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 06/2023, Monticello Opera House Inc generated $338.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $392.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING ART AND CULTURE TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKING PLAYS, MUSICALS, CONCERTS, ART EXHIBITS, ETC. DESIGNED TO ENLIGHTEN AND ENTERTAIN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Herrin Executive Director | OfficerTrustee | 60 | $50,417 |
Ann Herring Director | Trustee | 1 | $0 |
Linda Schrader-Nahoom Director | Trustee | 1 | $0 |
David Ward Chair | OfficerTrustee | 8 | $0 |
Ron Cichon Vice Chair | OfficerTrustee | 4 | $0 |
Gene Hall Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,993 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,366 |
| Total Program Service Revenue | $241,132 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,651 |
| 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 | $338,277 |
| 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. | $50,417 |
| Compensation of current officers, directors, key employees. | $5,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,774 |
| Office expenses | $4,308 |
| Information technology | $4,560 |
| Royalties | $17,963 |
| Occupancy | $25,552 |
| Travel | $71 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,717 |
| Insurance | $17,399 |
| All other expenses | $121,809 |
| Total functional expenses | $392,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,845 |
| Savings and temporary cash investments | $61,964 |
| 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 | $1,406 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $545,259 |
| Investments—publicly traded securities | $5,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $832,356 |
| Accounts payable and accrued expenses | $374 |
| 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 | $97,900 |
| Other liabilities | $0 |
| Total liabilities | $98,274 |
| Net assets without donor restrictions | $734,082 |
| 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 | $832,356 |