Opera Festival Of Chicago Inc
- Assets
- $29.2k
- Revenue
- $270.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 09/2022
- EIN
- 84-2527440
Organization Overview
Opera Festival Of Chicago Inc is located in Chicago, IL. 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. Opera Festival Of Chicago Inc 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 09/2022, Opera Festival Of Chicago Inc generated $270.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $279.6k during the year ending 09/2022. While expenses have increased by 20.5% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT WORLD-CLASS STANDARD PRODUCTIONS OF ITALIAN OPERA MASTERPIECES IN CHICAGO THAT RARELY GRACE THE STAGE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3
THIS IS A SHORT PERIOD RETURN REFLECTING OUR CHANGE IN TAX YEAR. NO EVENTS WERE CONDUCTED DURING THESE THREE MONTHS.
PRESENTED TWO PERFORMANCES OF THE FULLY-STAGED OPERA IL CORSARO BY GIUSEPPE VERDI. THE PRODUCTION FEATURED A CAST OF PROFESSIONAL SINGERS FROM AROUND THE COUNTRY ACCOMPANIED BY A PROFESSIONAL ORCHESTRA. PERFORMED IN EVANSTON'S CAHN AUDITORIUM IT WAS THE CHICAGO AREA PREMIERE OF THE 174 YEAR OLD WORK.
PRESENTED TWO PERFORMANCES OF THE FULLY STAGED OPERA L'INGANNO FELICE BY GEOACHINO ROSSINI. THE PRODUCTION FEATURED A CAST OF PROFESSIONAL SINGERS FROM CHICAGO AND AROUND THE WORLD ACCOMPANIED BY A PROFESSIONAL ORCHESTRA. PERFORMED IN CHICAGO'S ATHENAEUM THEATRE IT MARKED THE CHICAGO PREMIERE OF THE 210 YEAR OLD WORK.
FESTIVAL YOUNG ARTISTS SHOWCASED THE ORGANIZATION'S MUSIC EDUCATION PROGRAM IN A RECITAL FEATURING REPERTOIRE MADE FAMOUS BY THE ITALIAN SOPRANO RENATA TEBALDI IN WHAT WOULD HAVE BEEN HER 100TH BIRTHDAY. THE PROGRAM WAS PRESENTED IN GANZ HALL AT ROOSEVELT UNIVERSITY IN CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Massey General Director | 10 | $0 | |
Frank Devincentis Chair | Officer | 1 | $0 |
Laura Pils Director | 1 | $0 | |
Tim Corpus Secretary | 1 | $0 | |
Emanuele Andrizzi Music Director | 10 | $0 | |
Franco Pomponi Director | 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 | $248,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,059 |
| Total Program Service Revenue | $23,442 |
| 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 | -$680 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,821 |
| 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. | $14,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,193 |
| Office expenses | $2,286 |
| Information technology | $917 |
| Royalties | $0 |
| Occupancy | $37,616 |
| Travel | $13,991 |
| 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 | $1,490 |
| All other expenses | $37,061 |
| Total functional expenses | $279,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $29,207 |
| Accounts payable and accrued expenses | $35,000 |
| 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 | $35,000 |
| Net assets without donor restrictions | -$5,793 |
| 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 | $29,207 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opera Festival Of Chicago Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lyric Opera Of Chicago Chicago, IL | $270,226,178 | $60,302,671 |
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Skylight Music Theatre Corp Milwaukee, WI | $3,450,356 | $3,977,944 |
Florentine Opera Co Inc Milwaukee, WI | $7,598,617 | $5,457,526 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Madison Opera Inc Madison, WI | $2,864,319 | $1,938,281 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Indianapolis Opera Company Indianapolis, IN | $3,256,088 | $1,429,356 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |