Monticello Opera House Inc
- Assets
- $754.9k
- Revenue
- $101.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Monticello, FL
- Founding
- 09/1972
- Data as of
- 06/2021
- 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 06/2021, Monticello Opera House Inc employed 3 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 06/2021, Monticello Opera House Inc generated $101.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $185.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 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
2021
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 | $0 |
Ron Cichon Vice Chair | OfficerTrustee | 4 | $0 |
Jack Williams Chair | OfficerTrustee | 8 | $0 |
Pat Cichon Treasurer | OfficerTrustee | 8 | $0 |
Ann Herring Director | Trustee | 1 | $0 |
Linda Schrader-Nahoom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,970 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,083 |
| Total Program Service Revenue | $15,947 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,419 |
| 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 | $100,972 |
| 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. | $36,542 |
| Compensation of current officers, directors, key employees. | $3,654 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,647 |
| Office expenses | $4,105 |
| Information technology | $2,636 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,784 |
| Insurance | $6,527 |
| All other expenses | $27,457 |
| Total functional expenses | $185,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,446 |
| Savings and temporary cash investments | $18,034 |
| 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 | $1,444 |
| Prepaid expenses and deferred charges | $12,011 |
| Net Land, buildings, and equipment | $657,626 |
| Investments—publicly traded securities | $8,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,945 |
| Accounts payable and accrued expenses | $3,135 |
| 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 | $112,345 |
| Unsecured mortgages and notes payable | $7,602 |
| Other liabilities | $1,645 |
| Total liabilities | $124,727 |
| Net assets without donor restrictions | $630,218 |
| 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 | $754,945 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Monticello Opera House Inc has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville Symphony Association Jacksonville, FL | $14,561,376 | $11,991,040 |
Florida Orchestra Inc St Petersburg, FL | $17,821,899 | $8,292,788 |
Florida West Coast Symphony Inc Sarasota, FL | $33,277,421 | $26,320,822 |
The Orlando Philharmonic Orchestra Inc Orlando, FL | $6,944,219 | $4,632,792 |
Alabama Symphonic Association Inc Birmingham, AL | $2,772,905 | $5,743,069 |
The Palm Beach Symphony Society Inc West Palm Beach, FL | $3,120,506 | $3,215,175 |
Augusta Symphony Inc Augusta, GA | $19,725,932 | $3,708,047 |
Mobile Symphony Inc Mobile, AL | $1,270,022 | $2,012,590 |
Ocala Symphony Orchestra Inc Ocala, FL | $5,499,997 | $3,987,306 |
Venice Symphony Inc Venice, FL | $3,987,388 | $2,493,315 |
All Florida Youth Orchestra Hollywood, FL | $1,150,725 | $1,869,716 |
Huntsville Symphony Orchestra Association Huntsville, AL | $930,453 | $1,719,039 |