Opera Memphis Inc
- Assets
- $5.0m
- Revenue
- $1.4m
- Investments
- $1.5m
- Employees
- 15
- Location
- Memphis, TN
- Founding
- 01/1958
- Data as of
- 06/2022
- EIN
- 62-0785544
Organization Overview
Opera Memphis Inc is located in Memphis, TN. The organization was established in 1958. 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 06/2022, Opera Memphis Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opera Memphis 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 06/2022, Opera Memphis Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OPERA MEMPHIS IS TO ENTERTAIN AND INSPIRE THE PEOPLE OF MEMPHIS AND THE MID-SOUTH THROUGH THE ART OF OPERA.
Describe the Organization's Program Activity:
OUR MASTERWORKS PRODUCTIONS FOCUS ON WORKS FROM THE TRADITIONAL OPERATIC CANON. THEY FEATURE WORLD-CLASS PERFORMERS, THE MEMPHIS SYMPHONY ORCHESTRA, AND OTHER LOCAL PERFORMING ARTS GROUPS.OUR PRIMARY VEHICLE FOR PURSUING AN EXPANDED CIVIC FOOTPRINT IS 30 DAYS OF OPERA, A MONTH-LONG EVENT THAT INTRODUCES OPERA INTO THE EVERYDAY ROUTINES OF MEMPHIANS. EACH SEASON, #30DAYS PRESENTS OVER 50 FREE EVENTS IN OVER 40 LOCATIONS, REACHING OVER 50,000 INDIVIDUALS, SPANNING VIRTUALLY EVERY NEIGHBORHOOD IN MEMPHIS.WE ALSO OFFER A VARIETY OF EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR, WHICH REACH OVER 17,000 CHILDREN AND ADULTS ANNUALLY. THESE ACTIVITIES INCLUDE PERFORMANCES AT MORE THAN 100 LOCAL SCHOOLS, HOSPITALS, AND COMMUNITY ORGANIZATIONS.THE HANDORF COMPANY ARTIST PROGRAM PROVIDES CAREER-BUILDING EXPERIENCES TO EMERGING SINGERS THROUGH ROBUST PERFORMANCE OPPORTUNITIES AND PERSONALIZED GOALS WHILE PROVIDING THE TOOLS AND ENTREPRENEURIAL MINDSET NECESSARY FOR CITIZEN-ARTISTS TO CHAMPION OPERA IN THE 21ST CENTURY.THE MCCLEAVE PROJECT IS A MULTI-PRONGED EFFORT TO CELEBRATE THE HISTORY OF BLACK OPERA IN MEMPHIS AND BUILD A MORE EQUITABLE FUTURE FOR THE ART. THE MCCLEAVE FELLOWSHIP PROGRAM FOR DIRECTORS AND CONDUCTORS OF COLOR ADDRESSES PIPELINE ISSUES IN OUR INDUSTRY WHILE BETTER MEETING THE NEEDS OF THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Canty General Director | Officer | 50 | $100,227 |
Sindhia Nichols Secretary | OfficerTrustee | 4 | $0 |
Emily Strack Vice Chair | OfficerTrustee | 4 | $0 |
Daniel Anglin Board Chairman | OfficerTrustee | 4 | $0 |
Alison Turner Treasurer | OfficerTrustee | 4 | $0 |
Marsh Gibson Sergeant At Arms | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $876,706 |
| Noncash contributions included in lines 1a–1f | $75,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $982,506 |
| Total Program Service Revenue | $48,462 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$89,235 |
| Net Gain/Loss on Asset Sales | $469,411 |
| Net Income from Fundraising Events | -$3,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,438,726 |
| 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. | $116,115 |
| Compensation of current officers, directors, key employees. | $27,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $388,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $41,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,023 |
| Advertising and promotion | $34,172 |
| Office expenses | $20,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,703 |
| Travel | $32,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,595 |
| Insurance | $24,073 |
| All other expenses | -$104,752 |
| Total functional expenses | $1,252,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,386,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $17,250 |
| 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 | $98,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,514,739 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,037,117 |
| Accounts payable and accrued expenses | $77,015 |
| 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 | $77,015 |
| Net assets without donor restrictions | $3,284,639 |
| Net assets with donor restrictions | $1,675,463 |
| 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 | $5,037,117 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Opera Memphis Inc has recieved totaling $742,195.
| Awarding Organization | Amount |
|---|---|
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: HANDORF COMPANY ARTIST PROGRAM | $500,000 |
J R Hyde Iii Foundation Memphis, TN PURPOSE: SUPPORT FOR GENERAL OPERATIONS AND THE ENDOWMENT CHALLENGE | $75,000 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT | $70,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $27,202 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $26,100 |
T W Briggs Foundation Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
The Atlanta Opera Inc Atlanta, GA | $26,985,184 | $12,248,438 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Virginia Opera Assoc Inc Norfolk, VA | $2,261,019 | $3,745,037 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Nashville Opera Association Nashville, TN | $10,829,028 | $1,740,899 |
Opera Carolina Charlotte, NC | $1,027,140 | $1,727,592 |
Knoxville Opera Company Knoxville, TN | $1,743,174 | $1,430,096 |
Opera Memphis Inc Memphis, TN | $5,037,117 | $1,438,726 |
Opera Birmingham Birmingham, AL | $1,161,984 | $594,696 |
Greensboro Opera Company Greensboro, NC | $506,881 | $836,842 |