Piedmont Opera Inc
- Assets
- $1.2m
- Revenue
- $883.6k
- Investments
- $282.7k
- Employees
- 12
- Location
- Winstonsalem, NC
- Founding
- 06/1977
- Data as of
- 06/2023
- EIN
- 59-1743689
Organization Overview
Piedmont Opera Inc is located in Winstonsalem, NC. The organization was established in 1977. 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 06/2023, Piedmont Opera Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont 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 06/2023, Piedmont Opera Inc generated $883.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2023. 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
OPERA PRODUCTION AND PROMOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERA PRODUCTION AND RELATED EVENTS - HIRE PROFESSIONAL CAST, ORCHESTRA, STAGE DIRECTOR, TECHNICAL CREW, THEATRE AND FACILITIES TO STAGE EVENTS.
YOUTH CHORUS - TO ENGAGE AND DEVELOP YOUTH FROM DIVERSE BACKGROUNDS AND ENRICH THEIR LIVES BY INSPIRING EXCELLENCE IN CHORAL MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Quinn Executive Di | Officer | 40 | $68,333 |
James Allbritten Artistic Dir | Officer | 40 | $68,750 |
Hannah Appel Director | Trustee | 2 | $0 |
Vicky Auchincloss Director | Trustee | 2 | $0 |
Chip Baxter Director | Trustee | 2 | $0 |
Jonathan Burdette Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $67,600 |
| Membership dues | $0 |
| Fundraising events | $33,195 |
| Related organizations | $0 |
| Government grants | $4,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,469 |
| Noncash contributions included in lines 1a–1f | $3,708 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,164 |
| Total Program Service Revenue | $189,058 |
| Investment income | $14,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $883,558 |
| 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. | $144,662 |
| Compensation of current officers, directors, key employees. | $61,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,074 |
| Payroll taxes | $26,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,149 |
| Advertising and promotion | $81,104 |
| Office expenses | $21,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,596 |
| Travel | $0 |
| 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 | $8,710 |
| Insurance | $15,311 |
| All other expenses | $56,511 |
| Total functional expenses | $1,051,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,190 |
| Accounts receivable, net | $5,423 |
| 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 | $18,341 |
| Net Land, buildings, and equipment | $382,811 |
| Investments—publicly traded securities | $419,359 |
| Investments—other securities | $282,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,400 |
| Accounts payable and accrued expenses | $4,944 |
| Grants payable | $0 |
| Deferred revenue | $906 |
| 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 | $5,850 |
| Net assets without donor restrictions | $1,048,447 |
| Net assets with donor restrictions | $193,103 |
| 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 | $1,247,400 |