Overtone Industries
- Assets
- $29.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1985
- Data as of
- 06/2022
- EIN
- 68-0040723
Organization Overview
Overtone Industries is located in Los Angeles, CA. 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. Overtone Industries 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, Overtone Industries generated $135.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $142.7k during the year ending 06/2022. While expenses have increased by 20.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROMOTE, SUPPORT & PRODUCE OPERA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O-Lan Jones Artisitc Director | 40 | $0 | |
Nicki Harper Board Member | 0 | $0 | |
Fahad Siadat Executive Director | 0 | $0 | |
Paul Codiga Board Member | 0 | $0 | |
Michelle Magaldli Producing Director | 0 | $0 | |
Alexander Wright President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,766 |
| Total Program Service Revenue | $61,277 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,043 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $118,908 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,652 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,177 |
| Total expenses | $142,737 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,557 |
| Other assets | $0 |
| Total assets | $29,557 |
| Total liabilities | $750 |
| Net assets or fund balances | $28,807 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Overtone Industries has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Achilles Foundation New York, NY PURPOSE: GENERAL FUND OR CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Opera Association San Francisco, CA | $369,784,114 | $79,158,489 |
Los Angeles Opera Company Los Angeles, CA | $90,291,254 | $36,995,799 |
Broadway Sacramento Sacramento, CA | $29,155,113 | $19,599,136 |
San Diego Opera Association San Diego, CA | $16,926,315 | $9,586,984 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Merola Opera Program San Francisco, CA | $44,068,195 | $6,981,878 |
Southern Nevada Operating Engineers Journeyman & Apprentice Trng Trust Pasadena, CA | $24,160,853 | $2,787,324 |
Hawaii Opera Theatre Honolulu, HI | $9,881,133 | $2,939,876 |
Opera San Jose Incorporated San Jose, CA | $12,606,207 | $4,136,604 |
Long Beach Opera Long Beach, CA | $345,844 | $1,381,983 |
Woodland Opera House Inc Woodland, CA | $1,596,834 | $1,278,208 |