Charleston Opera Theater Inc
- Assets
- $5.0k
- Revenue
- $246.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- Data as of
- 06/2024
- EIN
- 84-3020830
Organization Overview
Charleston Opera Theater Inc is located in Charleston, SC. 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. Charleston Opera Theater 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 06/2024, Charleston Opera Theater Inc generated $246.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $255.2k during the year ending 06/2024. While expenses have increased by 32.5% per year over the past 3 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CHARLESTON OPERA THEATER, INC.'S PURPOSES OF THE CORPORATION ARE:CHARLESTON OPERA THEATER IS COMMITTED TO A PROMINENT, YEAR-ROUND, PROFESSIONAL OPERA PRESENCE IN OUR CITY AND THE SURROUNDING LOWCOUNTRY. WE PLACE HIGH VALUE ON THE ADVANCEMENT OF ACOUSTIC VOCAL TRADITIONS, THROUGH QUALITY PERFORMANCES, EDUCATION, MENTORSHIP, TRAINING AND THE EXPOSURE OF THE ART FORM TO NEW AUDIENCES, THROUGH COMMUNITY OUTREACH, PERFORMANCES AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
L'ELISIR D'AMORE- OUR FIRST MAJOR SEASON OFFERING WAS A PRODUCTION OF DONIZETTI'S OPERA L'ELISIR D'AMORE. THE TWO PERFORMANCES WERE HELD AT THE COLLEGE OF CHARLESTON SOTTILE THEATRE ON OCTOBER 6 AND 8, 2023. THIS FULL-SCALE PRODUCTION FEATURED AN INTERNATIONAL CAST OF FIVE SOLOISTS, A 32-PIECE ORCHESTRA, CHORUS, COSTUMES AND SCENERY. THE CHORUS FOR THIS PRODUCTION WAS SOURECED USING LOCAL TALENT. SCENERY WAS ALSO CONSTRUCTED BY A LOCAL CONTRACTOR.
CLASSICAL CABARET- CLASSICAL SONGS IN A CABARET STYLE FORMAT. THIS PERFORMANCE WAS ON MARCH 5, 2024 AND TOOK PLACE AT THE COLLEGE OF CHARLESTON SOTTILE THEATRE. IT WAS A SOLD-OUT EVENT WITH JUST OVER 200 PEOPLE IN ATTENDANCE. THE AUDIENCE WAS SEATED ON FOLDING CHAIRS ON THE STAGE AND FACED OUT TO THE AUDITORIUM. THE 7 PERFORMERS (6 SIXERS AND 1 PIANIST) PERFORMED FACING THE SEATED AUDIENCE WITH THEIR BACKS TO THE AUDITORIUM TO CREATE A MORE INTIMATE PERFORMANCE STYLE. THE PERFORMANCE FEATURED SONG REPERTOIRE WRITTEN BY COMPOSERS PRIMARILY ASSOCIATED WITH OPERA AS WELL AS SOME OF THE ARTISTS PERSONAL SELECTIONS.
MASTER CLASS- TONY AWARD WINNING PLAY BY TERRANCE MCNALLY. THIS WORK IS FICTIONAL STORY BASED UPON THE MASTER CLASSES GIVEN AT THE JULLIARD SCHOOL BY FAMED OPERA DIVA MARIA CALLAS. WHILE IT IS A TRADITIONAL PLAY, IT DOES CONTAIN OPERA SINGING WITHIN IT. IT WAS PRESENTED AT THE CANNON STREET ARTS CENTER AS PART OF THE PICCOLO SPOLETO FESTIVAL IN CHARLESTON, SC WITH 4 PERFORMANCES: MAY 25, 26, 28 AND 29, 2024. 2 PERFORMANCES WERE SOLD OUT AND 2 NEARLY SO. IT WAS A CAST OF 3 SINGERS, A PIANIST, A STAGEHAND AND MARIA CALLAS. PICCOLO SPOLETO FESTIVAL FOCUSES ON LOCAL PRESENTERS AND FRIENDLY TICKET PRICING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Teeple Board Member | Trustee | 1 | $0 |
Rongrong Chen Board Member | Trustee | 1 | $0 |
Eugene Massamillo Board Member | Trustee | 1 | $0 |
Thomas Ruppel Board Member | Trustee | 1 | $0 |
James Martin Board Member | Trustee | 1 | $0 |
Susan Sullivan Board Member | Trustee | 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 | $176,919 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,919 |
| Total Program Service Revenue | $68,493 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,443 |
| 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. | $11,500 |
| Compensation of current officers, directors, key employees. | $5,750 |
| 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 | $154,745 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,734 |
| Office expenses | $0 |
| Information technology | $4,589 |
| Royalties | $0 |
| Occupancy | $25,630 |
| Travel | $656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,252 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $648 |
| Insurance | $500 |
| All other expenses | $12,244 |
| Total functional expenses | $255,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,331 |
| 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 | $1,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,007 |
| 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 | $19,975 |
| Total liabilities | $19,975 |
| Net assets without donor restrictions | -$14,968 |
| 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 | $5,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Atlanta Opera Inc Atlanta, GA | $39,297,850 | $27,735,850 |
Opera Carolina Charlotte, NC | $162,313 | $2,920,365 |
Springer Opera House Arts Association Inc Columbus, GA | $18,672,738 | $4,001,433 |
Newberry Opera House Foundation Inc Newberry, SC | $5,729,693 | $2,286,331 |
North Carolina Opera Inc Raleigh, NC | $762,869 | $1,427,583 |
Piedmont Opera Inc Winstonsalem, NC | $1,247,400 | $883,558 |
Greensboro Opera Company Greensboro, NC | $381,165 | $391,921 |
Greenville Light Opera Works Glow Simpsonville, SC | $71,995 | $218,425 |
Charleston Opera Theater Inc Charleston, SC | $5,007 | $246,443 |
Opera Carolina Endowment Charlotte, NC | $4,076,497 | $61,912 |
Opera Wilmington Nc Inc Wilmington, NC | $68,302 | $0 |
The Durham Savoyards Limited Of Durham North Carolina Durham, NC | $167,938 | $0 |
Fbn Productions Chapin, SC | $57,498 | $0 |
The Spartanburg Repertory Company Spartanburg, SC | $0 | $0 |
Capitol City Opera Company Inc Atlanta, GA | $26,013 | $0 |
Peach State Opera Company Lawrenceville, GA | $17,966 | $0 |