Fort Worth Opera Association Inc
- Assets
- $969.6k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Fort Worth, TX
- Founding
- 04/1948
- Data as of
- 08/2021
- EIN
- 75-0945915
Organization Overview
Fort Worth Opera Association Inc is located in Fort Worth, TX. The organization was established in 1948. 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 08/2021, Fort Worth Opera Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Opera Association 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 08/2021, Fort Worth Opera Association Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $1.5m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FORT WORTH OPERA IS TO ENRICH PEOPLE'S LIVES WITH PERFORMANCES AND PROGRAMS THAT EDUCATE, ENTERTAIN, INSPIRE, AND EXPAND THE HORIZONS OF CURRENT AND FUTURE AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIOR TO COVID-19 PANDEMIC, FORT WORTH OPERA PRODUCED AN ANNUAL FORT WORTH OPERA FESTIVAL IN APRIL-MAY DURING WHICH TWO OPERAS ARE PERFORMED AS MAIN STAGE PERFORMANCES AND ONE OPERA IS PERFORMED AT AN ALTERNATIVE VENUE. DUE TO THE COVID 19 PANDEMIC, FY20 WAS COMPLETELY SHUTTERED. FOR THIS REPORTING YEAR OF FY21, THERE WERE STILL NO LIVE PERFORMANCES. HOWEVER, WE TOOK TO THE VIRTUAL WORLD AND SHOWCASED TWO NEW PRODUCTIONS: A NIGHT OF BLACK EXCELLENCE AND BERNADETTE'S COZY BOOK NOOK, AS WELL AS A FEW SMALLER OFFERINGS. IN DOING SO, WE WERE ABLE TO CONTINUE TO EMPLOY THE ARTISTS AND OUR STAFF, AS WELL ENGAGE OPERA ENTHUSIASTS ACROSS THE NATION.
THE FORT WORTH OPERA STUDIO, FOUNDED IN 2002, INCLUDES THREE YOUNG LESLEY ARTISTS CHOSEN EACH YEAR FROM NATIONAL AUDITIONS TO BE IN RESIDENCE WITH FORT WORTH OPERA IN ORDER TO CONTINUE THEIR TRAINING AS THEY PREPARE FOR PROFESSIONAL CAREERS. THEY PERFORM IN THE FWO CHILDREN'S OPERA THEATER IN ADDITION TO ROLES IN OUR MAIN PRODUCTIONS. ADDITIONALLY, THESE YOUNG ARTISTS RECEIVE LESSONS AND COACHING, LANGUAGE AND MOVEMENT CLASSES AS WELL AS CLASSES ON OPERA AS A BUSINESS. DUE TO THE COVID 19 PANDEMIC, THIS YEAR THEY PERFORMED IN A MOSTLY VIRTUAL ENVIRONMENT, ENABLING US TO CONTINUE BRINGING OPERA IN A VIRTUAL PLATFORM TO CHILDREN AND ADULTS ALIKE.
CHILDREN'S OPERA THEATRE, IN EXISTENCE FOR OVER THIRTY YEARS, REACHES OVER 30,0000 STUDENTS EACH YEAR IN THE DALLAS-FORT WORTH METROPLEX. DUE TO THE COVID-19 PANDEMIC, THE PRODUCTION FOR THE 2020-2021 SCHOOL YEAR WAS STONE SOUP, PERFORMED LIVE IN FY20 BUT RECORDED AND PERFORMED VIRTUALLY FOR FY21. ADDITIONALLY, THIS DEPARTMENT EXPANDED AND REPOSITIONED ITSELF TO INCLUDE CIVIC IMPACT AND ENGAGEMENT. FUELED BY THE CHANGES BROUGHT ON BY THE PANDEMIC, THIS ALLOWED US TO PERFORM STONE SOUP LIVE, OUT OF DOORS AND SOCIALLY DISTANCED, AT EVENTS WHERE BOTH ADULTS AND CHILDREN WERE GATHERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Afton Battle General Director Hired 9-1-2020 | Officer | 40 | $58,694 |
Ms Mary Goosens CFO Consulting | Officer | 20 | $30,000 |
Mr Michael Martinez Secretary | Officer | 1 | $0 |
Barbara Jordan Treasurer | Officer | 1 | $0 |
Dr Nelson E Claytor President / Chairman | Officer | 1 | $0 |
John Forestner Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fort Worth Production Services Inc Contracted Stagehand | 8/30/17 | $137,035 |
Fort Worth Symphony Orchestra Contracted Musicians | 8/30/17 | $119,394 |
Houston Grand Opera Opera Prod. Rental | 8/30/17 | $240,009 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $349,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,472,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,822,202 |
| Total Program Service Revenue | $39,916 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,862,181 |
| 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. | $137,290 |
| Compensation of current officers, directors, key employees. | $54,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,177 |
| Payroll taxes | $48,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,261 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $344,743 |
| Advertising and promotion | $21,875 |
| Office expenses | $8,722 |
| Information technology | $52,625 |
| Royalties | $15,000 |
| Occupancy | $143,538 |
| Travel | $11,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,095 |
| Insurance | $36,503 |
| All other expenses | $3,596 |
| Total functional expenses | $1,458,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $822,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,968 |
| 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 | $21,635 |
| Net Land, buildings, and equipment | $34,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $969,586 |
| Accounts payable and accrued expenses | $60,150 |
| Grants payable | $0 |
| Deferred revenue | $170,630 |
| 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 | $476,407 |
| Total liabilities | $707,187 |
| Net assets without donor restrictions | $145,762 |
| Net assets with donor restrictions | $116,637 |
| 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 | $969,586 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fort Worth Opera Association Inc has recieved totaling $206,116.
| Awarding Organization | Amount |
|---|---|
Hattie Mae Lesley Foundation Dallas, TX PURPOSE: FOR LESLEY RESIDENT & | $100,000 |
Crystelle Waggoner Charitable Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $75,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: TO SUPPORT A NIGHT OF BLACK EXCELLENCE; PAST, PRESENT AND FUTURE | $15,000 |
Alcon Foundation Fort Worth, TX PURPOSE: COMMUNITY | $10,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $6,116 |
Endowment Analysis
| Beg. Balance | $109,196 |
| Earnings | $11,622 |
| Ending Balance | $120,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Opera Dallas, TX | $12,450,406 | $12,715,764 |
Austin Lyric Opera Austin, TX | $5,702,498 | $4,387,471 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
New Orleans Opera Association New Orleans, LA | $1,767,831 | $2,067,617 |
Fort Worth Opera Association Inc Fort Worth, TX | $969,586 | $1,862,181 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Shreveport Opera Shreveport, LA | $1,250,976 | $820,287 |
Grand Opera House Of The South Inc Crowley, LA | $3,898,280 | $425,280 |
Opera In The Heights Houston, TX | $107,147 | $473,780 |
Opera Louisiane Inc Baton Rouge, LA | $146,256 | $469,217 |
Amarillo Opera Amarillo, TX | $1,225,102 | $559,507 |
Opas Encore Inc Bryan, TX | $38,739 | $254,931 |