Greater Miami Opera Inc
- Assets
- $222.3k
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/1977
- Data as of
- 05/2023
- EIN
- 59-6001597
Organization Overview
Greater Miami Opera Inc is located in Miami, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Miami 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, Greater Miami Opera Inc generated $4.7m 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 (4.6%) each year. All expenses for the organization totaled $4.6m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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 ENRICH PEOPLE'S LIVES THROUGH AN AWARENESS AND DEEPER APPRECIATION OF OPERA. (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND PRESENTATION OF OPERAS IN THEIR ORIGINAL LANGUAGES TO THE PUBLIC. APPROXIMATELY 14,000 PEOPLE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan T Danis General Director, CEO | Officer | 1 | $0 |
Victor Kendall Chief Advancement Officer | Officer | 1 | $0 |
Robert B Glick CPA Treasurer/director | OfficerTrustee | 0.25 | $0 |
Nancy Jean Davis Director | Trustee | 0.25 | $0 |
Robert Dinerstein Director | Trustee | 0.25 | $0 |
Tina-Vidal Duart Chair-Elect/director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $827,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,815,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,643,185 |
| Total Program Service Revenue | $1,066,845 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,844 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,698,276 |
| 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 | $1,622,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,860 |
| Payroll taxes | $116,307 |
| 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 | $0 |
| Fees for services: Other | $25,886 |
| Advertising and promotion | $71,656 |
| Office expenses | $125,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $885,600 |
| Travel | $86,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,000 |
| Insurance | $58,944 |
| All other expenses | $0 |
| Total functional expenses | $4,553,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,451 |
| 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 | $214,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,281 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $755,030 |
| 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 | $2,798,549 |
| Total liabilities | $3,553,579 |
| Net assets without donor restrictions | -$3,331,298 |
| 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 | $222,281 |