Livermore Valley Opera
- Assets
- $479.1k
- Revenue
- $552.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Livermore, CA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 94-3168895
Organization Overview
Livermore Valley Opera is located in Livermore, CA. The organization was established in 1994. 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. Livermore Valley Opera 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, Livermore Valley Opera generated $552.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $379.1k during the year ending 06/2022. 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
THE MISSION OF LIVERMORE VALLEY OPERA (LVO) IS TO ENRICH ITS COMMUNITY BY PRODUCING WORLD CLASS OPERAS AND FOSTERING CAREERS OF PROFESSIONAL OPERA SINGERS. LVO ENCOURAGES A WIDER APPRECIATION OF OPERA AND THE ASSOCIATED ARTS THROUGH COMMUNITY OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVERMORE VALLEY OPERA(LVO) GENERALLY PRODUCES TWO OPERAS WITH FOUR PERFORMANCES EACH DURING EACH FISCAL YEAR. HOWEVER,WITH THE WANING THE COVID PANDEMIC, LVO HELD A CONCERT WITH TWO PERFORMANCES AND ONE OPERA WITH FOUR PERFORMANCES THIS FISCAL YEAR. TOTAL COSTS FOR THE CONCERTS,OPERA,AND ANCILLARY EXPENSES WAS $340,532.THIS WAS SOMEWHAT OFFSET BY TICKET REVENUES OF $95,133. AS WITH ALL OPERA COMPANIES,THE REMAINING DEFICIT WAS MET BY GRANTS,CONTRIBUTIONS,AND OPERATING FUNDS. ALSO,DURING THE YEAR, ENDOWMENT FUNDS FROM PATRONS INCREASED $28,325, RESULTING IN $156,908 IN RESTRICTED FUNDS AT JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Kastman Director | Trustee | 5 | $12,000 |
Erie Mills Director | Trustee | 10 | $12,000 |
Henry Huff Treasurer | OfficerTrustee | 10 | $9,000 |
Sonya Sheffield Secretary | OfficerTrustee | 10 | $5,000 |
James Schmidt Director | Trustee | 1 | $0 |
Keith Sawyer President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,748 |
| Total Program Service Revenue | $95,133 |
| 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 | $41,058 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,939 |
| 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. | $38,000 |
| Compensation of current officers, directors, key employees. | $14,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,043 |
| Advertising and promotion | $7,709 |
| Office expenses | $5,707 |
| Information technology | $8,675 |
| Royalties | $0 |
| Occupancy | $40,575 |
| Travel | $14,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,757 |
| All other expenses | $0 |
| Total functional expenses | $379,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,637 |
| 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 | $6,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $479,137 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $322,229 |
| Net assets with donor restrictions | $156,908 |
| 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 | $479,137 |