Tacoma Opera Association
- Assets
- $36.4k
- Revenue
- $305.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Tacoma, WA
- Founding
- 04/1984
- Data as of
- 05/2022
- 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 05/2022, Tacoma Opera Association employed 15 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 05/2022, Tacoma Opera Association generated $305.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $316.1k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE AND STAGE OPERA PERFORMANCES.
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 |
|---|---|---|---|
Noel Koran General Director | Officer | 40 | $38,750 |
Kathryn Mcauley Treasurer | Officer | 1 | $0 |
Teresa Gutierez President | Officer | 1 | $0 |
Cynthia Branson Secretary | Officer | 1 | $0 |
John Saunders 1st Vice President | Officer | 1 | $0 |
Jennifer Hartley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,625 |
| Related organizations | $0 |
| Government grants | $83,128 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,334 |
| Total Program Service Revenue | $22,571 |
| 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 | -$9,638 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,267 |
| 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. | $32,251 |
| Compensation of current officers, directors, key employees. | $8,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,129 |
| Payroll taxes | $11,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,210 |
| Advertising and promotion | $3,196 |
| Office expenses | $3,978 |
| Information technology | $6,204 |
| Royalties | $0 |
| Occupancy | $24,195 |
| Travel | $880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1 |
| Interest | $1,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,260 |
| All other expenses | $2,751 |
| Total functional expenses | $316,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,285 |
| 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 | $31,079 |
| Total assets | $36,365 |
| Accounts payable and accrued expenses | $18,640 |
| 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 | $18,640 |
| Net assets without donor restrictions | -$33,354 |
| Net assets with donor restrictions | $51,079 |
| 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 | $36,365 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tacoma Opera Association has recieved totaling $25,885.
| Awarding Organization | Amount |
|---|---|
Gottfried & Mary Fuchs Foundation Phoenix, AZ PURPOSE: CHARITABLE | $12,000 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT | $8,815 |
Florence B Kilworth Charitable Trust 40-10-420-0161820 Phoenix, AZ PURPOSE: CHARITABLE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Endowment Analysis
| Beg. Balance | $32,297 |
| Earnings | $182 |
| Other Expense | $1,400 |
| Ending Balance | $31,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle Opera Seattle, WA | $79,324,035 | $23,974,024 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Seattle Opera Foundation Seattle, WA | $25,308,635 | $469,845 |
Anchorage Opera Company Anchorage, AK | $424,330 | $648,106 |
Eugene Opera Eugene, OR | $551,034 | $541,105 |
Opera Idaho Inc Boise, ID | $618,057 | $707,547 |
Pacific Musicworks Seattle, WA | $3,895 | $242,217 |
Tacoma Opera Association Tacoma, WA | $36,365 | $305,267 |
Friends Of The Opera House Elgin, OR | $261,680 | $443,087 |
Vashon Opera Burton, WA | $111,543 | $0 |
Sun Valley Opera Company Ketchum, ID | $167,419 | $179,668 |
Juneau Lyric Opera Assn Juneau, AK | $307,968 | $0 |