Pasadena Area Opera Trust
- Assets
- $454.9k
- Revenue
- $4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Ontario, CA
- Founding
- 03/1973
- Data as of
- 09/2024
- EIN
- 95-6386887
Organization Overview
Pasadena Area Opera Trust is located in Ontario, CA. The organization was established in 1973. 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. Pasadena Area Opera Trust 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 09/2024, Pasadena Area Opera Trust generated $4.8k 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 (17.0%) each year. All expenses for the organization totaled $28.8k during the year ending 09/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND PROTECT TRUST ASSETS USED FOR THE PROMOTION AND SUPPORT FOR GRAND OPERA BY AND THROUGH THE PASADENA OPERA GUILD INCLUDING DEVELOPMENT OF EDUCATIONAL YOUTH PROGRAMS OF PRIMARY INTEREST IN GRAND OPERA AND TO FINANCIALLY ASSIST CAREERS AND TRAINING OF YOUTH SINGERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG (OPERA AND CLASSICAL) SINGERS COMPETITION AWARDS (HELD BY PASADENA OPERA GUILD)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Calvo Chairman | Trustee | $0 | |
Tadeo Plyko Vice Chairman | Trustee | $0 | |
Kay Davis Member At Large | Trustee | $0 | |
Jane Armel Member At Large | Trustee | $0 | |
Robert Barbera Pasadena Opera Guild Rep | Trustee | $0 | |
Janet Calvo Pasadena Opera Gild Rep | Trustee | $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 | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $0 |
| Investment income | $20,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $3,739 |
| Compensation of current officers, directors, key employees. | $3,739 |
| 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 | $57 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,176 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $412,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,856 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $454,856 |
| Total liabilities and net assets/fund balances | $454,856 |
Grants Awarded
Over the last fiscal year, Pasadena Area Opera Trust has awarded $25,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PASADENA OPERA GUILD PURPOSE: YOUTH SINGER COMPETITION AWARDS | $20,000 |
ORANGE COUNTY OPERA PURPOSE: PERFORMANCE OF THE ELIXER OF LOVE | $5,500 |