Portland Opera Association Inc
- Assets
- $28.0m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 311
- Location
- Portland, OR
- Founding
- 06/1965
- Data as of
- 06/2022
- EIN
- 93-6034321
Organization Overview
Portland Opera Association Inc is located in Portland, OR. The organization was established in 1965. 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 06/2022, Portland Opera Association Inc employed 311 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Opera Association 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 06/2022, Portland Opera Association Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE GATHER AND INSPIRE AUDIENCES, ARTISTS, AND COLLABORATORS TO CREATE SHARED OPERA EXPERIENCES THAT ENLIVEN AND CONNECT US ALL, ENHANCING THE CULTURAL LANDSCAPE OF THE BEAUTIFUL PACIFIC NORTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTLAND OPERA EXISTS TO INSPIRE, CHALLENGE AND UPLIFT OUR AUDIENCES BY CREATING PRODUCTIONS OF HIGH ARTISTIC QUALITY THAT CELEBRATE THE BEAUTY AND BREADTH OF OPERA. ON AND BEYOND THE STAGE, WE SHARE OPERA WITH MORE THAN 400,000 PEOPLE ANNUALLY THROUGH FREE CONCERTS, PREVIEWS, LECTURES, BROADCASTS AND OTHER COMMUNITY PROGRAMS, INCLUDING EDUCATION EFFORTS THAT REACH MORE THAN 25,000 YOUNG PEOPLE. THE COMPANY IS ALSO A LEADER IN THE DEVELOPMENT OF NEW OPERA TALENT, WITH PORTLAND OPERA RESIDENT ARTISTS PROGRAM, CONSIDERED ONE OF THE FINEST PROFESSIONAL RESIDENCIES FOR EARLY- CAREER OPERA SINGERS IN THE NATION. THE COMPANY WORKS CLOSELY WITH SCHOOLS TO PROVIDE EDUCATIONAL AND OUTREACH OPPORTUNITIES FOR CERTAIN SHOWS, INCLUDING BACKSTAGE TOURS, "CHAT BACKS" WITH CAST MEMBERS, MASTER CLASSES, AND RELATED ACTIVITIES IN ADDITION TO STUDENT GROUP AND RUSH TICKET DISCOUNTS. OUR GROUP SALES DEPARTMENT WORKS CLOSELY WITH A NUMBER OF NOT- FOR-PROFIT ORGANIZATIONS ON GALA AND BENEFIT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Dixon General Dire | Officer | 40 | $156,972 |
Richard Seals CFO | Officer | 40 | $113,233 |
Kregg Arnston Vice Preside | OfficerTrustee | 2 | $0 |
Linda Brown Secretary | OfficerTrustee | 2 | $0 |
Matthew Essieh Treasurer | OfficerTrustee | 2 | $0 |
Katherine DE La Forest Director | Trustee | 2 | $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 | $3,429,568 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,429,568 |
| Total Program Service Revenue | $552,992 |
| Investment income | $577,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $309,823 |
| 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 | $6,427,298 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,850,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $256,405 |
| Payroll taxes | $231,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $78,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,168 |
| Advertising and promotion | $330,570 |
| Office expenses | $349,601 |
| Information technology | $115,649 |
| Royalties | $0 |
| Occupancy | $228,188 |
| Travel | $103,746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,337 |
| Interest | $97,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,786 |
| Insurance | $51,677 |
| All other expenses | $0 |
| Total functional expenses | $7,098,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,672 |
| Savings and temporary cash investments | $93,052 |
| Pledges and grants receivable | $3,650 |
| 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 | $208,990 |
| Net Land, buildings, and equipment | $461,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,067,245 |
| Total assets | $27,962,888 |
| Accounts payable and accrued expenses | $205,049 |
| Grants payable | $0 |
| Deferred revenue | $1,628,743 |
| 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 | $2,102,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,485,608 |
| Total liabilities | $6,422,059 |
| Net assets without donor restrictions | $15,643,735 |
| Net assets with donor restrictions | $5,897,094 |
| 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 | $27,962,888 |