Tulsa Opera Inc
- Assets
- $1.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 131
- Location
- Tulsa, OK
- Founding
- 12/1960
- Data as of
- 06/2021
- EIN
- 73-0643311
Organization Overview
Tulsa Opera Inc is located in Tulsa, OK. The organization was established in 1960. 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 06/2021, Tulsa Opera Inc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa 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 06/2021, Tulsa Opera Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TULSA OPERA, INC. OPERATES IN THE STATE OF OKLAHOMA FOR THE PRIMARY PURPOSE OF FURTHERING THE APPRECIATION OF MUSIC, PARTICULARLY OPERA, FOR THE GENERAL PUBLIC, INCLUDING MAINSTAGE PRODUCTIONS. IN ADDITION TO THESES PRODUCTIONS, TULSA OPERA CONDUCTS VARIOUS EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERAS INCLUDED RIGOLETTO, ORFEO-CANCELLED,GREENWOOD OVERCOMES
EDUCATIONAL: TULSA YOUTH OPERA, OUTREACH PERFORMANCES, AND RECITALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Mcconnell General Director And CEO | 40 | $130,000 | |
Steven Walton Vice President | OfficerTrustee | 1 | $0 |
Ronnie Jobe President | OfficerTrustee | 1 | $0 |
Kelly Kirby Treasurer & Finance Chair | OfficerTrustee | 1 | $0 |
Leonard Pataki Secretary | OfficerTrustee | 1 | $0 |
John Woodard III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,323,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,458,864 |
| Total Program Service Revenue | $502,072 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $149,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,110,348 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $663,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,268 |
| Payroll taxes | $14,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117,276 |
| Office expenses | $67,793 |
| Information technology | $37,823 |
| Royalties | $2,340 |
| Occupancy | $19,606 |
| Travel | $51,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,652 |
| Insurance | $27,958 |
| All other expenses | $0 |
| Total functional expenses | $2,107,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $254,262 |
| 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 | $16,878 |
| Net Land, buildings, and equipment | $1,145,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,435,247 |
| Accounts payable and accrued expenses | $30,231 |
| Grants payable | $0 |
| Deferred revenue | $50,399 |
| 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 | $1,577,407 |
| Other liabilities | $166,800 |
| Total liabilities | $1,824,837 |
| Net assets without donor restrictions | -$389,590 |
| 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 | $1,435,247 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Tulsa Opera Inc has recieved totaling $583,349.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $191,733 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: Education & Outreach Programs-Mainstage Prod. | $75,000 |
Patti Johnson Wilson Foundation Tulsa, OK PURPOSE: COLLEGE SCHOLARSHIP | $50,000 |
Broadhurst Foundation Tulsa, OK PURPOSE: MUSIC EDUCATION PROGRAMS, COMMUNITY OUTREACH, CAPITAL CAMPAIGN | $50,000 |
Mervin Bovaird Foundation Tulsa, OK PURPOSE: GENERAL SUPPORT | $30,000 |
John Steele Zink Foundation Broken Arrow, OK PURPOSE: UNRESTRICTED: GENERAL OPERATIONS | $30,000 |
Endowment Analysis
| Beg. Balance | $3,899,017 |
| Earnings | $181,484 |
| Admin Expense | $20,662 |
| Other Expense | $184,459 |
| Ending Balance | $3,875,380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Opera Dallas, TX | $12,450,406 | $12,715,764 |
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Austin Lyric Opera Austin, TX | $5,702,498 | $4,387,471 |
Opera Colorado Englewood, CO | $4,199,479 | $3,925,553 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
Fort Worth Opera Association Inc Fort Worth, TX | $969,586 | $1,862,181 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Central City Opera House Association Endowment Fund Wheat Ridge, CO | $25,453,266 | $9,103,065 |
Opera In The Heights Houston, TX | $107,147 | $473,780 |
Amarillo Opera Amarillo, TX | $1,225,102 | $559,507 |
Wichita Grand Opera Inc Wichita, KS | $70,337 | $331,151 |