Dallas Opera
- Assets
- $16.5m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 477
- Location
- Dallas, TX
- Founding
- 10/1957
- Data as of
- 06/2024
- EIN
- 75-6004746
Organization Overview
Dallas Opera is located in Dallas, TX. The organization was established in 1957. 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 06/2024, Dallas Opera employed 477 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas 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 06/2024, Dallas Opera generated $18.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $18.7m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PERFORMANCE OF OPERA PRODUCTIONS, EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINSTAGE AUDIENCE: 27,606 TICKET HOLDERS AT 16 PERFORMANCES ACROSS 4 PRODUCTIONS AT THE WINSPEAR OPERA HOUSE; 2,741 PARTICIPANTS FOR PRE- AND POST-OPERA TALKS, BACKSTAGE TOURS, AND RELATED MAINSTAGE ACTIVITIES; 5,641 FINAL DRESS REHEARSAL TICKETS DISTRIBUTED; 69,172 VIEWERS OF MAINSTAGE OPERA LIVESTREAMS AND REBROADCASTS
COMMUNITY ENGAGEMENT & EDUCATION PROGRAMS: 11,088 PARTICIPANTS IN COMMUNITY OUTREACH PROGRAMS, INCLUDING 6,604 TICKET HOLDERS AT 7 SPECIAL CONCERTS, 3,709 AT 4 FAMILY PERFORMANCES OF THE BILLY GOATS GRUFF AND PEPITO, AND 775 OPERATRUCK AND OTHER COMMUNITY-BASED PERFORMANCE PATRONS. 17,758 PARTICIPANTS IN YOUTH ARTS EDUCATION PROGRAMMING, INCLUDING 4 STUDENT MATINEE PERFORMANCES OF PEPITO AT THE WINSPEAR OPERA HOUSE, TOURING OPERA PERFORMANCES IN SCHOOLS, OPERA IN A SUITCASE WORKSHOPS, AND RELATED EDUCATIONAL ACTIVITIES
DIGITAL PROGRAMS: 170,578 VIEWED OUR DIGITAL PROGRAMMING, INCLUDING LIVESTREAMS AND REBROADCASTS OF OUR 4 MAINSTAGE OPERAS, EDUCATION RESOURCES, AND OTHER PERFORMANCE-BASED CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Immediate Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed General Director & CEO | OfficerTrustee | 40 | $311,725 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Global Marketing Marketing/advertising | 6/29/24 | $232,217 |
Christie Lites Dallas Lighting Equipment Rentals | 6/29/24 | $217,578 |
Prototypeit It Services | 6/29/24 | $193,557 |
Ussery Printing Company Printing Services | 6/29/24 | $168,604 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,397 |
| Related organizations | $1,522,768 |
| Government grants | $33,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,185,216 |
| Noncash contributions included in lines 1a–1f | $132,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,863,406 |
| Total Program Service Revenue | $2,796,949 |
| Investment income | $183,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,284 |
| Net Income from Fundraising Events | -$36,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,889 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,953,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,952 |
| 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. | $847,888 |
| Compensation of current officers, directors, key employees. | $255,680 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,385,950 |
| Pension plan accruals and contributions | $76,432 |
| Other employee benefits | $864,982 |
| Payroll taxes | $730,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,710 |
| Fees for services: Accounting | $53,737 |
| Fees for services: Lobbying | $260 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,083 |
| Advertising and promotion | $1,051,567 |
| Office expenses | $256,936 |
| Information technology | $455,158 |
| Royalties | $0 |
| Occupancy | $598,866 |
| Travel | $328,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,633 |
| Interest | $273,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379,770 |
| Insurance | $230,166 |
| All other expenses | $5,479 |
| Total functional expenses | $18,733,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,658,628 |
| Savings and temporary cash investments | $249,724 |
| Pledges and grants receivable | $4,061,124 |
| Accounts receivable, net | $596,710 |
| 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 | $565,571 |
| Net Land, buildings, and equipment | $4,212,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,118,792 |
| Total assets | $16,462,629 |
| Accounts payable and accrued expenses | $705,376 |
| Grants payable | $0 |
| Deferred revenue | $1,197,448 |
| 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 | $1,807,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,436,984 |
| Total liabilities | $10,146,979 |
| Net assets without donor restrictions | $528,992 |
| Net assets with donor restrictions | $5,786,658 |
| 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 | $16,462,629 |