Tacoma Opera Association
- Assets
- $96.3k
- Revenue
- $405.0k
- Investments
- $0.0
- Employees
- 25
- Location
- Tacoma, WA
- Founding
- 04/1984
- Data as of
- 05/2023
- EIN
- 91-1237511
Organization Overview
Tacoma Opera Association is located in Tacoma, WA. The organization was established in 1984. 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 05/2023, Tacoma Opera Association employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tacoma Opera Association 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 05/2023, Tacoma Opera Association generated $405.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $332.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
TO PRODUCE QUALITY GRAND OPERA AND TO PROVIDE EQUITABLE ACCESS AND EDUCATION TO THE ARTS. WE BELIEVE THAT CLASSICAL MUSIC HAS THE POWER TO ENGAGE OUR COMMUNITY IN MEANINGFUL AND IMPORTANT WAYS. PROMOTE AND INCLUDE ALL VOICES AND PERSPECTIVES INCLUDING SPECIAL ATTENTION AND CONSIDERATION OF TRADITIONALLY MARGINALIZED, UNDER-SERVED OR UNDER-REPRESENTED MEMBERS OF OUR COMMUNITY; FORGE INROADS FOR YOUNG SCHOOL-AGED STUDENTS TO EXPERIENCE LIVE PERFORMANCES IN THE THEATERS AT NO COST; PROMOTE THE NEXT GENERATION OF YOUNG SINGERS WITH OUR EMERGING ARTIST PROGRAM, TO CREATE THE FIRST PROFESSIONAL STEPS FOR NEW, YOUNG SINGERS INTO THE WORLD OF OPERA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOA PLAYS AN IMPORTANT ROLE IN THE CULTURAL LIFE OF THE SOUTH PUGET SOUND AS THE ONLY PROFESSIONAL OPERA-PRODUCING ORGANIZATION IN THE AREA. THE COMPANY, WHICH PRIMARILY SERVES THE CITIZENS OF PIERCE COUNTY AND THE RESIDENTS OF THE SOUTH SOUND, BRINGS WELL-LOVED CLASSICS TO AUDIENCES AND INTRODUCES SCHOOL CHILDREN TO THE OPERATIC REPERTOIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hartley Board Member | Trustee | 1 | $0 |
Fralisa Mcfall Board Member | Trustee | 1 | $0 |
Susan Connolly Board Member | Trustee | 1 | $0 |
Heidi Madson Board Member | Trustee | 1 | $0 |
Ryan Porter Board Member | Trustee | 1 | $0 |
Maria Balderrama Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,312 |
| Related organizations | $0 |
| Government grants | $40,296 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,177 |
| Total Program Service Revenue | $66,306 |
| 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 | -$20,511 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,972 |
| 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. | $30,785 |
| Compensation of current officers, directors, key employees. | $12,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,310 |
| Advertising and promotion | $2,194 |
| Office expenses | $6,014 |
| Information technology | $238 |
| Royalties | $0 |
| Occupancy | $25,371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,932 |
| All other expenses | $0 |
| Total functional expenses | $332,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,734 |
| Savings and temporary cash investments | $1 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,550 |
| Total assets | $96,285 |
| Accounts payable and accrued expenses | $2,295 |
| 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 | $2,295 |
| Net assets without donor restrictions | $39,090 |
| Net assets with donor restrictions | $54,900 |
| 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 | $96,285 |