Permian Basin Opera
- Assets
- $74.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 07/1984
- Data as of
- 12/2021
- 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 12/2021, Permian Basin Opera generated $173.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $118.2k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 6 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
2021
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 |
|---|---|---|---|
Sarah Jones Executive Dir. | 20 | $30,833 | |
Chris Vaught Director | 1 | $0 | |
Gayle Banschbach Director | 1 | $0 | |
Gabriel Salgado Vice President | 1 | $0 | |
Jim Camp Secretary | 1 | $0 | |
Peggy Jones Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,918 |
| Total Program Service Revenue | $4,324 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,829 |
| Other Revenue | $0 |
| Total Revenue | $173,073 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,368 |
| Professional fees and other payments to independent contractors | $3,953 |
| Occupancy, rent, utilities, and maintenance | $6,995 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,899 |
| Total expenses | $118,215 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,299 |
| Other assets | $0 |
| Total assets | $74,727 |
| Total liabilities | $1,400 |
| Net assets or fund balances | $73,327 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Permian Basin Opera has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: THE WACKY WIG RUN | $13,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Arts and Culture | $10,000 |
Bryant Family Foundation Dallas, TX PURPOSE: ARTS & CULTURE | $5,000 |
Henry Foundation Midland, TX PURPOSE: OPERA LIVE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Santa Fe Opera Santa Fe, NM | $178,454,896 | $58,576,774 |
Houston Grand Opera Association Inc Houston, TX | $24,871,609 | $29,084,949 |
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 |