Ascanios Purse
- Assets
- $122.6k
- Revenue
- $154.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/2003
- Data as of
- 10/2023
- EIN
- 81-0589153
Organization Overview
Ascanios Purse is located in Denver, CO. The organization was established in 2003. 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. Ascanios Purse 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 10/2023, Ascanios Purse generated $154.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $130.8k during the year ending 10/2023. 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
PRODUCTION OF CONCERTS & FULL RECORDINGS OF CLASSICAL OPERAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAVING TURNED 20 YEARS OLD IN 2023, ASCANIO'S PURSE CELEBRATES ITS PAST PRODUCTION, RECORDING, AND WIDE DISSEMINATION FOR THE BENEFIT OF THE GENERAL PUBLIC OF MANY MAJOR OPERATIC AND OTHER WORKS OF THE CLASSICAL MUSIC CANNON. THESE HAVE BEEN GENERATIONAL MUSICAL RECORDINGS, ALL RESULTING FROM THE EFFORTS OF AN INTERNATIONAL TEAM OF MAJOR ARTISTS, RECORDING PROFESSIONALS, AND THE RECORD LABELS OF WARNER MUSIC. SUCH RECORDINGS HAVE MADE AVAILABLE TO A LARGE PUBLIC AUDIENCE WORLDWIDE AND IN THE UNITED STATES COMPLETE, AUTHENTIC, AND HIGH-FIDELITY CONCERT VERSIONS OF MUSICAL MASTERPIECES THAT OTHERWISE WOULD NOT HAVE BEEN ECONOMICAL OR FEASIBLE TO PRODUCE. NONE OF THIS COULD HAVE BEEN ACHIEVED BUT FOR THE CHARITABLE EFFORTS AND FINANCIAL CONTRIBUTIONS OF ASCANIO'S PURSE AND ITS GENEROUS DONORS. THROUGH THE ASSEMBLY AND STRUCTURE OF ITS TEAM, ASCANIO'S PURSE WAS ABLE TO FUND AND PRODUCE A SIGNIFICANT BODY OF HECTOR BERLIOZ'S MAJOR OPERAS AND OTHER VOCAL AND INSTRUMENTAL WORKS. IT ALSO WAS ABLE TO BRANCH OUT TO SIMILAR REPERTOIRE BY OTHER CLASSICAL COMPOSERS THE PARTICULAR INTEREST AND EXPERTISE OF THE TEAM, FOR EXAMPLE, HANDEL'S MESSIAH. ASCANIO'S PURSE IS LOOKING FORWARD TO CONTINUING THE ABOVE-DESCRIBED ACTIVITIES WITH ITS TEAM. IN 2022 THE ORGANIZATION FUNDED AND PRODUCED HANDEL'S MESSIAH AND THE OPERA ROMEO AND JULIET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Nelson President | OfficerTrustee | 5 | $15,000 |
Mr Jack Firestone Treasurer | OfficerTrustee | 1 | $0 |
David Fuller Secretary | OfficerTrustee | 1 | $0 |
Robert Sobel Executive Director | OfficerTrustee | 5 | $0 |
Will Wytias-Sobel Chair And Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,557 |
| Noncash contributions included in lines 1a–1f | $26,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,557 |
| Total Program Service Revenue | $0 |
| Investment income | $366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,797 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $15,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,250 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,170 |
| All other expenses | $0 |
| Total functional expenses | $130,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,102 |
| Savings and temporary cash investments | $15,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $81,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,645 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $122,645 |
| Net assets with donor restrictions | $0 |
| 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 | $122,645 |