Pensacola Opera Inc
- Assets
- $1.7m
- Revenue
- $889.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Pensacola, FL
- Founding
- 05/1984
- Data as of
- 07/2021
- EIN
- 59-2387417
Organization Overview
Pensacola Opera Inc is located in Pensacola, FL. The organization was established in 1984. 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 07/2021, Pensacola Opera Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pensacola 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 07/2021, Pensacola Opera Inc generated $889.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $902.3k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
THE MISSION OF PENSACOLA OPERA IS TO ENRICH THE CULTURE OF NORTHWEST FLORIDA BY PRODUCING PROFESSIONAL OPERA PERFORMANCES, EDUCATIONAL PROGRAMS AND OTHER OPERA-RELATED COMMUNITY EVENTS FOR PEOPLE OF ALL AGES, INTERESTS AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2020 MAINSTAGE PRODUCTIONS AS ONE ON NOVEMBER WERE MOZART'S DON GIOVANNI ON JANUARY 24 AND 26, 2020 AND VERDI'S IL TROVATORE WHICH WAS CANCELLED DUE TO COVID-19. IL TROVATORE WAS ORIGINALLY SCHEDULED FOR MARCH 13 AND 15, 2020. PERFORMANCES WERE PRESENTED AT THE SAENGER THEATRE. IN ADDITION, PENSACOLA OPERA WAS AWARDED A SUNDAY'S CHILD GRANT AND PERFORMED AS ONE ON NOVEMBER
DURING THE 2019/2020 SEASON, 135 EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS REACHED OVER 25,000 STUDENTS, TEACHERS, ADMINISTRATORS, AND ADULTS. THE ENCHANTED FOREST, WHO WANTS TO BE AN OPERA STAR?, OPERA UP CLOSE, AND FROM WORDS TO MUSIC REACHED 14,500 STUDENTS AND TEACHERS. DUE TO COVID-19, SEVERAL PERFORMANCES WERE CANCELLED AT LOCAL COMMUNITY EVENTS AND SCHOOLS. EDUCATIONAL LUNCHEONS, BROWN BAG OPERA, POURS AND ENCORES, OPERA AFTER DARK, RECITALS AND OPERA POP-UP PERFORMANCES REACHED OVER 10,000 AUDIENCE MEMBERS. VIRTUAL SUMMER CAMPS SERVED 8 CAMPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Clark Secretary | OfficerTrustee | $0 | |
Karen Huang Vice Chair | OfficerTrustee | $0 | |
Ralph Peterson Chair | OfficerTrustee | $0 | |
Martha Richard Treasurer | OfficerTrustee | $0 | |
Brian Baumgardner Trustee | Trustee | $0 | |
Diane Appleyard Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,721 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,951 |
| All other contributions, gifts, grants, and similar amounts not included above | $462,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,402 |
| Total Program Service Revenue | $114,752 |
| Investment income | $16,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $889,595 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,929 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,383 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,355 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,065 |
| Insurance | $15,928 |
| All other expenses | $139,446 |
| Total functional expenses | $902,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,513 |
| Savings and temporary cash investments | $0 |
| 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 | $6,596 |
| Net Land, buildings, and equipment | $514,568 |
| Investments—publicly traded securities | $1,039,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $610 |
| Total assets | $1,694,891 |
| Accounts payable and accrued expenses | $3,634 |
| Grants payable | $0 |
| Deferred revenue | $167,374 |
| 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 | $208,720 |
| Total liabilities | $379,728 |
| Net assets without donor restrictions | $707,663 |
| Net assets with donor restrictions | $607,500 |
| 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 | $1,694,891 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pensacola Opera Inc has recieved totaling $50,272.
| Awarding Organization | Amount |
|---|---|
Impact 100 Pensacola Bay Area Inc Pensacola, FL PURPOSE: TRANSPORT VEHICLE | $43,772 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $6,500 |
Endowment Analysis
| Beg. Balance | $600,000 |
| Net Contributions | $7,500 |
| Ending Balance | $607,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sarasota Opera Association Inc Sarasota, FL | $28,856,599 | $10,657,672 |
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Palm Beach Opera Inc West Palm Beach, FL | $12,939,353 | $9,924,286 |
Greater Miami Opera Inc Miami, FL | $224,438 | $3,555,793 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Opera Guild Inc Of Fort Lauderdale Fort Lauderdale, FL | $0 | $1,817,251 |
Florida Grand Opera Inc Miami, FL | $7,700,234 | $5,233,007 |
Opera Naples Inc Naples, FL | $3,990,493 | $1,623,867 |
Pensacola Opera Inc Pensacola, FL | $1,694,891 | $889,595 |
St Petersburg Opera Company St Petersburg, FL | $1,542,886 | $906,841 |
Opera Birmingham Birmingham, AL | $1,161,984 | $594,696 |
Mobile Opera Inc Mobile, AL | $702,189 | $369,818 |