Permian Basin Opera
- Assets
- $63.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 07/1984
- Data as of
- 12/2022
- EIN
- 75-1943679
Organization Overview
Permian Basin Opera is located in Midland, TX. The organization was established in 1984. 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. Permian Basin Opera 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 12/2022, Permian Basin Opera generated $167.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $177.4k during the year ending 12/2022. While expenses have increased by 9.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OPERA LIVE - YEARLY PRODUCTIONS THAT BRING QUALITY PERFORMANCES FOR THE GENERAL PUBLIC. THESE PRODUCTIONS PROVIDE PROGRAMMING FOR CHILDREN AND FAMILIES THAT ARE EITHER MINORITIES OR HAVE A LOW SOCIO-ECONOMIC STATUS.OPERA IN THE SCHOOLS - EDUCATIONAL PROGRAMMING THAT SHOWCASES STUDENTS ATTENDING UNIVERSITY FOR PERFORMING ARTS PUTTING ON A PRODUCTION FOR ELEMENTARY AGE STUDENTS IN MIDLAND.YOUTH MENTOR PROGRAM - MONTHLY CLASSES FOR JUNIOR AND HIGH SCHOOL STUDENTS INTERESTED IN ATTENDING UNIVERSITY AND HAVING EVENTUAL CAREERS IN THE PERFORMING ARTS. THIS PROGRAM PROVIDES VALUABLE TRAINING TO PREPARE THE STUDENTS FOR WHAT TO EXPECT IN THEIR FUTURES.OPERA 101 - WEEKLY COURSES HELD AT MIDLAND COLLEGE AS A FURTHERING EDUCATION CLASS THAT TEACHES OPERA HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Vaught Director | 1 | $0 | |
Gabriel Salgado President | 1 | $0 | |
Jim Camp Secretary | 1 | $0 | |
Lizette Rodriguez Director | 1 | $0 | |
Katie Osuampke Vp/treasurer | 1 | $0 | |
Luann Lane Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,908 |
| Total Program Service Revenue | $6,570 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$8,580 |
| Other Revenue | $0 |
| Total Revenue | $167,918 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,330 |
| Professional fees and other payments to independent contractors | $1,799 |
| Occupancy, rent, utilities, and maintenance | $5,783 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,512 |
| Total expenses | $177,424 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,901 |
| Other assets | $0 |
| Total assets | $63,821 |
| Total liabilities | $0 |
| Net assets or fund balances | $63,821 |