Utah Festival Opera Company
- Assets
- $12.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 329
- Location
- Logan, UT
- Founding
- 04/1993
- Data as of
- 09/2023
- EIN
- 87-0498252
Organization Overview
Utah Festival Opera Company is located in Logan, UT. The organization was established in 1993. 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 09/2023, Utah Festival Opera Company employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Festival 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 09/2023, Utah Festival Opera Company generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.7m during the year ending 09/2023. While expenses have increased by 3.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ELEVATING LIVES THROUGH ENNOBLING ARTISTIC EXPERIENCES BY CREATING A NURTURING ENVIRONMENT THAT ENSURES PERFORMANCE EXCELLENCE, CREATIVE EXPERIENCES, AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
SERVING UTAH AND THE WESTERN U.S., UFOMT PRESENTS A QUALITY OPERA AND MUSICAL SEASON EACH YEAR. DURING THE 2023 FESTIVAL SEASON THERE WERE 45 OPERA/MUSICAL OR STRAIGHT PLAY PERFORMANCES, 14 CONCERTS, 6 SILENT FILMS, 115 CLASSES (63 ACADEMY AND 52 CONSERVATORY), AND 6 FREE PERFORMANCES. DURING THE 2023 FISCAL YEAR THERE WERE 187 CLASSIC FILMS SHOWN AT THE UTAH THEATRE FROM OCTOBER 2022 THROUGH SEPTEMBER 2023. THEY ALSO PRODUCED THE ANNUAL UTAH HIGH SCHOOL MUSICAL THEATRE AWARDS PROGRAM, WHICH ENTAILED UFOMT SENDING JUDGES TO 57 DIFFERENT SCHOOLS TO JUDGE THEIR HIGH SCHOOL MUSICALS, AND THEN PROVIDING AN AWARDS SHOW TO ANNOUNCE THE WINNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ballam Founding Direct | OfficerTrustee | 40 | $88,821 |
Gary Griffin Exec. Director | Officer | 40 | $59,515 |
Annette Macfarlane Secretary | Officer | 40 | $45,633 |
Vanessa Ballam Trustee | Trustee | 10 | $36,425 |
Teresa Bassett Treasurer | OfficerTrustee | 0.4 | $0 |
Karl Ward Trustee | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,302,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $973,622 |
| Noncash contributions included in lines 1a–1f | $374,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,275,740 |
| Total Program Service Revenue | $1,047,093 |
| Investment income | $3,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,036 |
| 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 | $57,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,631,013 |
| 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. | $230,393 |
| Compensation of current officers, directors, key employees. | $84,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,635 |
| Pension plan accruals and contributions | $55,699 |
| Other employee benefits | $95,809 |
| Payroll taxes | $156,087 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $333,610 |
| Office expenses | $241,458 |
| Information technology | $0 |
| Royalties | $74,157 |
| Occupancy | $226,120 |
| Travel | $210,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,733 |
| Insurance | $78,853 |
| All other expenses | $152,863 |
| Total functional expenses | $4,662,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,148 |
| Savings and temporary cash investments | $94,470 |
| Pledges and grants receivable | $330,376 |
| Accounts receivable, net | $7,908 |
| 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 | $11,470,175 |
| Investments—publicly traded securities | $37,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,004 |
| Total assets | $12,690,530 |
| Accounts payable and accrued expenses | $545,635 |
| Grants payable | $0 |
| Deferred revenue | $200,895 |
| 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 | $4,118,865 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $361,672 |
| Total liabilities | $5,227,067 |
| Net assets without donor restrictions | $7,124,833 |
| Net assets with donor restrictions | $338,630 |
| 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 | $12,690,530 |