New Orleans Opera Association
- Assets
- $2.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 89
- Location
- New Orleans, LA
- Founding
- 05/1952
- Data as of
- 06/2022
- EIN
- 72-0272897
Organization Overview
New Orleans Opera Association is located in New Orleans, LA. The organization was established in 1952. 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, New Orleans Opera Association employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Opera Association 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, New Orleans Opera Association generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 1.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRODUCE OPERA OF THE HIGHEST QUALITY AND PROVIDE EDUCATION ON THE ART FORM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PRESENTED THREE FULLY STAGED OPERA PRODUCTIONS AND ONE CONCERT DURING THE FISCAL YEAR. ALL FOUR WERE CONCEIVED AND PRODUCED LOCALLY WITH ARTISTS ENGAGED INDIVIDUALLY BY THE ARTISTIC DIRECTOR AND PRODUCTION DESIGN EXECUTED BY THE ASSOCIATION'S SCENIC STUDIO. AS PART OF ITS MISSION TO INTRODUCE OPERA TO YOUNGER AUDIENCES, STUDENTS THROUGHOUT THE METROPOLITAN AREA HAD ACCESS TO OPERA EDUCATION PACKETS AND AN INVITATION TO THE FINAL DRESS REHEARSAL OF LA BOHME, AS WELL AS OTHER EDUCATIONAL PROGRAMMING. ADDITIONALLY, ADULT EDUCATION IS PROVIDED THROUGH FREE CONCERTS AND LECTURES IN AREA ESTABLISHMENTS AND THROUGH PARTNERSHIPS WITH LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Baumer Development Chair | OfficerTrustee | 1 | $0 |
Dr Nicolas Bazan Director | Trustee | 1 | $0 |
Adelaide Wisdom Benjamin Director | Trustee | 1 | $0 |
Ron Austin Director | Trustee | 1 | $0 |
Peter Brigandi Director | Trustee | 1 | $0 |
Betty Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,706 |
| Fundraising events | $72,874 |
| Related organizations | $0 |
| Government grants | $720,943 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,194,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,001,472 |
| Total Program Service Revenue | $300,590 |
| Investment income | $359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,696 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,040 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,817,629 |
| 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. | $141,380 |
| Compensation of current officers, directors, key employees. | $21,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $633,670 |
| Pension plan accruals and contributions | $15,428 |
| Other employee benefits | $132,506 |
| Payroll taxes | $79,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $422,222 |
| Advertising and promotion | $95,851 |
| Office expenses | $67,442 |
| Information technology | $18,556 |
| Royalties | $0 |
| Occupancy | $93,753 |
| Travel | $31,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,629 |
| Insurance | $97,960 |
| All other expenses | $93,353 |
| Total functional expenses | $2,426,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,878 |
| Savings and temporary cash investments | $112,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,075,976 |
| 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 | $57,419 |
| Net Land, buildings, and equipment | $351,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,269,210 |
| Accounts payable and accrued expenses | $61,539 |
| Grants payable | $0 |
| Deferred revenue | $223,790 |
| 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 | $22,932 |
| Total liabilities | $308,261 |
| Net assets without donor restrictions | $1,791,128 |
| Net assets with donor restrictions | $169,821 |
| 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 | $2,269,210 |