Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,268,488

• 1f · All other contributions, gifts and grants

  $2,745,153

• 2a · Program service revenue: PERFORMANCE TICKET SALES AND FEES

  total $1,093,175 · related or exempt $1,093,175

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $46,506 · related or exempt $46,506

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6a · Gross rents

  real property $2,355

• 6c · Rental income or loss

  real property $2,355 · personal property $0

• 6d · Net rental income or loss

  total $2,355 · excluded $2,355

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $2,050

• 8b · Fundraising events: direct expenses

  $22,329

• 8c · Net income from fundraising events

  total -$20,279 · excluded -$20,279

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,442,408 · program services $1,070,442 · management and general $215,370 · fundraising $156,596

• 9 · Other employee benefits

  total $236,466 · program services $218,135 · management and general $12,651 · fundraising $5,680

• 10 · Payroll taxes

  total $117,548 · program services $93,737 · management and general $13,217 · fundraising $10,594

• 11g · Fees: other

  total $20,625 · program services $0 · management and general $20,625 · fundraising $0

• 12 · Advertising and promotion

  total $54,916 · program services $54,916

• 13 · Office expenses

  total $123,333 · program services $87,622 · management and general $7,282 · fundraising $28,429

• 16 · Occupancy

  total $703,467 · program services $646,447 · management and general $28,510 · fundraising $28,510

• 17 · Travel

  total $74,011 · program services $70,650 · management and general $2,698 · fundraising $663

• 20 · Interest

  total $2,145 · management and general $2,145

• 22 · Depreciation, depletion and amortization

  total $11,018 · program services $9,430 · management and general $1,588

• 23 · Insurance

  total $60,857 · program services $53,055 · management and general $7,802

• 24a · Other expenses: OPERA PROGRAM EXPENSES

  total $1,035,200 · program services $1,035,200

• 24b · Other expenses: EQUIPMENT RENTAL/MAINTENANCE

  total $34,725 · program services $31,807 · management and general $1,459 · fundraising $1,459

• 24c · Other expenses: MISCELLANEOUS

  total $30,006 · program services $19,458 · management and general $5,339 · fundraising $5,209

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $24,385 · program services $8,256 · management and general $4,870 · fundraising $11,259

• 24e · All other expenses

  total $2,921 · program services $0 · management and general $0 · fundraising $2,921

Balance sheet

Part X, book values.

• 4 · Accounts receivable

  beginning of year $7,451 · end of year $10,778

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $527,257

• 10b · Land, buildings and equipment: accumulated depreciation

  $424,547

• 10c · Land, buildings and equipment, net

  beginning of year $214,830 · end of year $102,710

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $755,030 · end of year $429,350

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $2,798,549 · end of year $1,854,069

• 28 · Net assets with donor restrictions

  beginning of year -$3,331,298 · end of year -$2,169,931

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

FLORIDA GRAND OPERA, INC., A RELATED ORGANIZATION OF GREATER MIAMI OPERA, INC., USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S GENERAL DIRECTOR: - WRITTEN EMPLOYMENT CONTRACT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING INDIVIDUAL RECIEVED A SEVERANCE PAYMENT DURING THE YEAR: ED HOFMEISTER $8,462