Fort Worth Opera Association Inc
- Assets
- $614.5k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 69
- Location
- Fort Worth, TX
- Founding
- 04/1948
- Data as of
- 06/2023
- 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 06/2023, Fort Worth Opera Association Inc employed 69 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 06/2023, Fort Worth Opera Association Inc generated $2.4m 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 (8.5%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) 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
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
FY23 WAS THE CONTINUATION OF OUR ECONOMIC RECOVERY FROM THE COVID 19 PANDEMIC. WE PRODUCED SMALLER STAGED OPERA PERFORMANCES THROUGHOUT THE YEAR. WE STARTED IN OCTOBER, HISPANIC HERITAGE MONTH, WITH PRODUCTIONS OF EL FUEGO DE UNA MUJER AND NOCHES DE ZARZUELA AT FORT WORTH'S HISTORIC NORTHSIDE VENUE, ROSE MARINE THEATER. FOR THE THIRD YEAR, WE PRODUCED AN AMAZING CONCERT TITLED A NIGHT OF BLACK EXCELLENCE. WE PRODUCED THREE OF OUR OPERA PERFORMANCES AT THE NEW TEXAS CHRISTIAN UNIVERSITY VAN CLIBURN HALL, STARTING WITH OF THEE I SING!. WE NEXT PERFORMED AN AFRICAN AMERICAN REQUIEM AND ENDED OUR SEASON WITH VERDI'S AIDA. THIS WAS A STAR STUDDED PRODUCTION FEATURING MICHELLE BRADLEY, TICHINA VAUGHN, BEN GULLEY, AND MORRIS ROBINSON.
THE FORT WORTH OPERA STUDIO, FOUNDED IN 2002, INCLUDES FOUR 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 AND CIVIC IMPACT SHOWS. ADDITIONALLY, THESE YOUNG ARTISTS RECEIVE LESSONS AND COACHING, LANGUAGE AND MOVEMENT CLASSES AS WELL AS CLASSES ON OPERA AS A BUSINESS.
CHILDREN'S OPERA THEATRE, IN EXISTENCE FOR OVER THIRTY YEARS, REACHES OVER 30,0000 STUDENTS EACH YEAR IN THE DALLAS-FORT WORTH METROPLEX. ADDITIONALLY, THIS DEPARTMENT HAS EXPANDED AND REPOSITIONED ITSELF TO INCLUDE CIVIC IMPACT AND ENGAGEMENT PERFORMANCES. THIS ALLOWS US TO NOT ONLY REACH CHILDREN IN AREA SCHOOLS, BUT ALSO AT EVENTS BOTH ADULTS AND CHILDREN ARE GATHERED. THIS YEAR'S SHOWS PRODUCED FOR THE CHILDREN WERE BIENVENIDOS! AND HANSEL AND GRETEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Afton Battle General Director (resignation Effective 11-23-22) | Officer | 40 | $99,616 |
Ms Mary Goosens CFO Consultant | Officer | 20 | $48,000 |
Angela Turner Wilson General And Artistic Director (effective 12-12-22) | Officer | 40 | $2,692 |
Mrs Jill Fischer Chairman Emeritus | Trustee | 1 | $0 |
Allie Beth Allman Trustee (added 3-7-23) | Trustee | 1 | $0 |
Keon Anderson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fort Worth Symphony Orchestra Association Inc Orchestra Performance In Conjunction With Opera | 6/29/23 | $157,271 |
Ellison Office Partners Llc C/o Advisors Commercial Real Estate Fwo Office Space Rented | 6/29/23 | $116,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,572 |
| Related organizations | $0 |
| Government grants | $499,534 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,625,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,169,652 |
| Total Program Service Revenue | $249,929 |
| Investment income | $4,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,531 |
| Net Income from Fundraising Events | -$32,476 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,401,327 |
| 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. | $131,774 |
| Compensation of current officers, directors, key employees. | $39,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,936 |
| Payroll taxes | $64,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $330 |
| Fees for services: Accounting | $90,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $721,036 |
| Advertising and promotion | $62,243 |
| Office expenses | $15,974 |
| Information technology | $50,654 |
| Royalties | $0 |
| Occupancy | $165,075 |
| Travel | $43,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,899 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,938 |
| Insurance | $29,078 |
| All other expenses | $18,214 |
| Total functional expenses | $2,308,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,415 |
| Savings and temporary cash investments | $229,946 |
| Pledges and grants receivable | $53,100 |
| Accounts receivable, net | $11,669 |
| 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 | $40,650 |
| Net Land, buildings, and equipment | $6,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,325 |
| Total assets | $614,487 |
| Accounts payable and accrued expenses | $80,834 |
| Grants payable | $0 |
| Deferred revenue | $15,883 |
| 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 | $524,698 |
| Total liabilities | $621,415 |
| Net assets without donor restrictions | -$412,090 |
| Net assets with donor restrictions | $405,162 |
| 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 | $614,487 |