Sun Valley Opera Company
- Assets
- $146.0k
- Revenue
- $227.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Ketchum, ID
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 82-0530372
Organization Overview
Sun Valley Opera Company is located in Ketchum, ID. The organization was established in 2002. 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. Sun Valley Opera Company 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, Sun Valley Opera Company generated $227.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $248.6k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SUN VALLEY OPERA IS TO ENTERTAIN, ENRICH AND EDUCATE THE RESIDENTS OF AND VISITORS TO THE WOOD RIVER VALLEY THROUGH OPERA AND THE VOCAL ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 SUN VALLEY OPERA CELEBRATED ITS 20TH ANNIVERSARY AND A FULL YEAR OF PROGRAMMING, THE FIRST SINCE THE PANDEMIC. WE HAD THREE WINTER CONCERTS, ALL AT THE ARGYROS PERFORMING ARTS CENTER. FEBRUARY 10 WAS OUR SIGNATURE SALON AND CONCERT STARRING JONAH HOSKINS AND HIS SISTER, MARY HOSKINS. MARCH 2 WAS A CONCERT ONLY STARRING NOAH STEWART AND TERESA CASTILLO. OUR FINAL CONCERT OF WINTERFEST22 WAS OUR DIVA PARTY AND CONCERT STARRING BROADWAY STAR ALLISON BLACKWELL. ALTHOUGH WE HAD SCHEDULED THE METROPOLITAN OPERA'S LIVE SIMULCASTS, THE MOVIE THEATER WHERE WE SHOW THEM PERMANENTLY CLOSED. WE STRUCK ANOTHER DEAL WITH THE MAGIC LANTERN THEATER IN KETCHUM BUT HEAVY SNOWS MADE IT IMPOSSIBLE TO INSTALL THE REQUIRED EQUIPMENT UNTIL MAY. WE WERE ABLE TO SHOW THE LAST TWO PERFORMANCES, LUCIA DI LAMMERMOOR AND HAMLET. WE CONTINUED OUR 20TH ANNIVERSARY ON JUNE 21 WITH "A GLAMOROUS GARDEN GALA" STARRING WORLD-RENOWNED MEZZO-SOPRANO TAMARA MUMFORD. WE CONTINUED TO SHOW "FILMS ON THE LAWN" FIRST WIT "HIGH SOCIETY- AND THEN "LITTLE SHOP OF HORRORS". FOR THE FIRST TIME WE HELD A CONCERT AND DANCE PARTY STARRING ALLISON SEMMES AND JARED WAYNE GLADLY FOLLOWED BY A D.J. ON JULY 14. WE CONCLUDED OUT ANNIVERSARY YEAR WITH OUR SIGNATURE SALON AND CONCERT STARRING THE AMAZING SOPRANO AUDREY LUNA IN AN INCREDIBLE GARDEN. ALSO IN 2022 WE FULFILLED OUR THIRD OF A 4 YEAR SCHOLARSHIP AWARD TO A STUDENT WHO IS STUDYING VOCAL ARTS AT THE UNIVERSITY OF PUGET SOUND. EACH YEAR WE GIVE THE UNIVERSITY 2,500 PER SEMESTER TOWARD HER TUITION. APPROXIMATELY 700 RESIDENTS AND VISITORS BENEFITTED FROM SUN VALLEY OPERA'S VARIETY OF PROGRAMS DURING THE 2022 CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Watson Executive Di | Officer | 40 | $70,000 |
Trudi Schneider Treasurer | Officer | 3 | $0 |
Kyle Johnson CEO & Chairm | Officer | 4 | $0 |
Frank Meyer President | Officer | 5 | $0 |
Karen Dunn Secretary | Officer | 1 | $0 |
Patricia Darman Director | Trustee | 0.25 | $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 | $192,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,256 |
| Total Program Service Revenue | $34,714 |
| Investment income | $121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $23,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,161 |
| 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 | $2,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,243 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $35,401 |
| Total functional expenses | $248,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,953 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,953 |
| Accounts payable and accrued expenses | $34 |
| 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 | $34 |
| Net assets without donor restrictions | $69,985 |
| Net assets with donor restrictions | $75,934 |
| 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 | $145,953 |