Young Patronesses Of The Opera Inc
- Assets
- $668.3k
- Revenue
- $160.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Doral, FL
- Founding
- 06/1985
- Data as of
- 05/2023
- EIN
- 59-2376906
Organization Overview
Young Patronesses Of The Opera Inc is located in Doral, FL. The organization was established in 1985. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Young Patronesses Of The 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 05/2023, Young Patronesses Of The Opera Inc generated $160.7k 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 (3.4%) each year. All expenses for the organization totaled $193.4k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT OPERA AND OPERA EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROGRAMS TO SUPPORT OPERA EDUCATION IN THE SCHOOLS AND COMMUNITY - IN SCHOOL OPERA PROGRAM, TEACHER WORKSHOP, AND OPERA PREVIEWS.
CONTRIBUTIONS WERE MADE TO FLORIDA GRAND OPERA AND TO MAGIC CITY OPERA TO PROMOTE AND SUPPORT OPERA EDUCATION. THE ORGANIZATION ALSO SPONSORS A BIENNIAL VOICE COMPETITION, AND AWARDS YOUNG TALENT.
EXPENSES RELATED TO MAINTAINING THE HISTORY OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurel Auerbacher Co- Presiden | Officer | 10 | $0 |
Lisa Hogan ESQ Vice Preside | Officer | 10 | $0 |
Anna Fateeva Financial Se | Officer | 10 | $0 |
Michele Reese Granger Corresp Secr | Officer | 10 | $0 |
Debby Magenheimer Co-President | Officer | 10 | $0 |
Maribel Maldonado Recording Se | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,941 |
| Fundraising events | $62,443 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,512 |
| Total Program Service Revenue | $13,726 |
| Investment income | $11,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,433 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,155 |
| Grants and other assistance to domestic individuals. | $53,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,600 |
| 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 | $6,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,800 |
| Office expenses | $5,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,735 |
| 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 | $0 |
| Insurance | $4,626 |
| All other expenses | $10,280 |
| Total functional expenses | $193,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $303,845 |
| 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 | $372 |
| Investments—publicly traded securities | $270,903 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $89,601 |
| Other assets | $3,550 |
| Total assets | $668,271 |
| 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 | $366,803 |
| Net assets with donor restrictions | $301,468 |
| 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 | $668,271 |
Grants Awarded
Over the last fiscal year, Young Patronesses Of The Opera Inc has awarded $66,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA GRAND OPERA PURPOSE: EDUCATIONAL PROGRAMS | $60,000 |
MAGIC CITY OPERA PURPOSE: EDUCATIONAL PROGRAMS | $6,000 |