Florida Grand Opera Inc
- Assets
- $8.7m
- Revenue
- $249.4k
- Investments
- $0.0
- Employees
- 169
- Location
- Miami, FL
- Founding
- 02/1995
- Data as of
- 05/2023
- EIN
- 65-0496477
Organization Overview
Florida Grand Opera Inc is located in Miami, FL. The organization was established in 1995. 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 05/2023, Florida Grand Opera Inc employed 169 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Grand 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, Florida Grand Opera Inc generated $249.4k 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 (35.7%) each year. All expenses for the organization totaled $230.0k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (34.9%) 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
SUPPORTED THE OPERATIONS OF THE GREATER MIAMI OPERA, INC. AND THE OPERA GUILD, INC. IN THE PRODUCTION AND PRESENTATION OF OPERAS IN THEIR ORIGINAL LANGUAGES TO THE PUBLIC. OVER 20,000 PEOPLE BENEFITED FORM THE PRODUCTIONS HELD IN THE 2022/2023 SEASON. STUDIO ARTIST PROGRAM - FOUNDED IN 1984, FO'S STUDIO ARTIST ("SA") PROGRAM HAS GAINED WORLDWIDE RECOGNITION AS ONE OF THE LEADING OPERATIC TRAINING PROGRAMS IN THE UNITED STATES. THE SA PROGRAM IS DESIGNED FOR ARTISTS WHO HAVE COMPLETED ADVANCED DEGREES FROM THE TOP MUSIC SCHOOLS IN THE COUNTRY, AND HAVE OFTEN PARTICIPATED IN OTHER YEARLONG RESIDENCY PROGRAMS. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan T Danis General Director, CEO | Officer | 39 | $286,923 |
Victor Kendall Chief Advancement Officer | Officer | 39 | $165,000 |
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miami Syphonic Entertainment Inc Orchestra Services | 5/30/23 | $395,726 |
Gables View Llc Tenant Services | 5/30/23 | $265,234 |
Premium Transport Services Transportation Svcs | 5/30/23 | $144,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $150,950 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,754 |
| Total Program Service Revenue | $0 |
| Investment income | $47,535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,753 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,420 |
| 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. | $62,601 |
| Compensation of current officers, directors, key employees. | $62,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,857 |
| Pension plan accruals and contributions | $8,641 |
| Other employee benefits | $4,523 |
| 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 | $0 |
| Fees for services: Other | $7,766 |
| Advertising and promotion | $0 |
| Office expenses | $11,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,500 |
| Insurance | $2,267 |
| All other expenses | $0 |
| Total functional expenses | $230,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,176 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,259,301 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,454,698 |
| Total assets | $8,715,175 |
| Accounts payable and accrued expenses | $1,168,704 |
| 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 | $215,000 |
| Secured mortgages and notes payable | $146,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,168 |
| Total liabilities | $1,549,272 |
| Net assets without donor restrictions | $5,220,898 |
| Net assets with donor restrictions | $1,945,005 |
| 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 | $8,715,175 |
Grants Awarded
Over the last fiscal year, Florida Grand Opera Inc has awarded $840,109 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPERA GUILD INC OF FORT LAUDERDALE PURPOSE: SUPPORT | $0 |
GREATER MIAMI OPERA INC PURPOSE: SUPPORT | $840,109 |