Amarillo Opera
- Assets
- $1.2m
- Revenue
- $559.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Amarillo, TX
- Founding
- 06/1989
- Data as of
- 08/2022
- EIN
- 75-2253647
Organization Overview
Amarillo Opera is located in Amarillo, TX. The organization was established in 1989. 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 08/2022, Amarillo Opera employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amarillo 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 08/2022, Amarillo Opera generated $559.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $462.9k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE LIVE OPERA IN THE TEXAS PANHANDLE, TO PROVIDE OPPORTUNITIES TO LOCAL SINGERS AND TO BUILD COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERA PRODUCTIONS IN THE FALL AND SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jane Johnson General & Artist Director | Trustee | 25 | $65,000 |
Lilia Escajeda Trustee | Trustee | 1 | $0 |
Mary Haddad Trustee | Trustee | 1 | $0 |
Sean Milligan President-Elect | Trustee | 1 | $0 |
Cheryl Clark Trustee | Trustee | 1 | $0 |
April Johansson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,825 |
| Fundraising events | $400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,021 |
| Noncash contributions included in lines 1a–1f | $32,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,246 |
| Total Program Service Revenue | $80,718 |
| 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 | $25,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $6,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,597 |
| Payroll taxes | $10,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,328 |
| Office expenses | $16,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,257 |
| Insurance | $7,987 |
| All other expenses | $19,574 |
| Total functional expenses | $462,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,195 |
| 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 | $36,488 |
| Net Land, buildings, and equipment | $11,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $816,225 |
| Total assets | $1,225,102 |
| Accounts payable and accrued expenses | $272 |
| Grants payable | $0 |
| Deferred revenue | $193,918 |
| 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 | $172,941 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $367,131 |
| Net assets without donor restrictions | $41,746 |
| Net assets with donor restrictions | $816,225 |
| 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 | $1,225,102 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Amarillo Opera has recieved totaling $82,135.
| Awarding Organization | Amount |
|---|---|
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: GENERAL SUPPORT | $67,135 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $15,000 |
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 |