Form 990 for tax year 2022

Totals

Total revenue

$4,224,318

Total expenses

$5,741,904

Contributions and grants received

$2,482,732

Grants paid

$0

Program service revenue

$1,307,762

Investment income

$6,942

Other revenue

$426,882

Total assets, end of year

$10,212,309

Total liabilities, end of year

$1,728,733

Net assets or fund balances, end of year

$8,483,576

Program services expenses (Part IX)

$4,352,095

Management and general expenses

$876,473

Fundraising expenses

$513,336

Program service expenses (Part III)

$4,352,095

Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• PBO'S CORE PROGRAMS ARE FULLY STAGED WORLD-CLASS OPERA PRODUCTIONS FEATURING A PROFESSIONAL ORCHESTRA, INTERNATIONALLY ACCLAIMED SOLOISTS, CONDUCTORS, DIRECTORS, AND SCENIC DESIGNERS, AS WELL AS LOCAL CHORUS AND STAGE CREW. PBO ATTRACTS A DIVERSE AUDIENCE OF OVER 20,000 OPERA LOVERS AND MAKES A SIGNIFICANT CONTRIBUTION TO THE ECONOMIC HEALTH AND SOCIAL VITALITY OF PALM BEACH COUNTY. THIS YEAR, THE OPERA PRODUCED THREE MAIN STAGE OPERAS: MADAMA BUTTERFLY, COSI FAN TUTTE, AND FALSTAFF. THE ANNUAL FUNDRAISING GALA FEATURED THE INTERNATIONALLY RENOWNED TENOR, PIOTYR BECZALA. PAST GALAS HAVE SHOWCASED SINGERS SUCH AS DIANA DAMRAU, MICHAEL FABIANO, JOYCE DIDONATO, MATTHEW POLENZANI, AND RENEE FLEMING.

  Expenses $3,842,649 · Revenue $1,217,573

• PBO OFFERS THREE ARTIST TRAINING PROGRAMS. THE PBO STUDIO PROGRAM IS FREE TO HIGH SCHOOL STUDENTS WHO WISH TO RECEIVE TRAINING AND PREPARATION FOR A FUTURE COLLEGE DEGREE IN THE VOCAL ARTS. THE BAILEY APPRENTICE ARTISTS ARE EMERGING POST-GRADUATE SINGERS WHO PERFORM IN THE COMPANY'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS (SEE BELOW), AND SING IN THE CHORUS THROUGHOUT THE SEASON TO GAIN STAGE EXPERIENCE. THE BENENSON YOUNG ARTISTS ARE MORE ADVANCED SINGERS WHO COVER LEAD ROLES AND SING SMALLER ROLES FOR THE MAINSTAGE PRODUCTIONS, AND SING IN ORCHESTRAL CONCERTS. ALL PROGRAMS RECEIVE VOCAL, MUSICAL AND DRAMATIC TRAINING IN MASTERCLASSES AND COACHING. BOTH YOUNG ARTISTS AND APPRENTICE ARTISTS SANG IN THIS SEASON'S INAUGURAL RESIDENT ARTIST SHOWCASE PRESENTED AT THE CORNELIA T. BAILEY OPERA CENTER.

  Expenses $450,340 · Revenue $53,618

• PBO'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS ARE DELIVERED TO A BROAD SEGMENT OF THE COMMUNITY THROUGH FREE OR LOW-COST PRESENTATIONS AND ACTIVITIES DESIGNED TO BROADEN AWARENESS AND ENTHUSIASM FOR THE ART TO PEOPLE OF ALL AGES. PROGRAMS LIKE CONCERTS IN THE CLASSROOM, PBO STUDIO, STORYTIME SERIES, OPERA REHEARSAL 101, OPERA DISCOVERY SERIES, ANIMA, OPENING NIGHT DINNERS, AND LUNCH & LEARN, PROVIDE A DEEPER APPRECIATION OF THE OPERA ART FORM TO OVER 7,000 INDIVIDUALS ANNUALLY. PBO SERVES OVER 3,000 LOCAL YOUNG PEOPLE THROUGH OUR EDUCATION PROGRAMS, PROVIDING SUPPLEMENTARY EDUCATIONAL MATERIALS FOR EDUCATORS THAT FIT STATE ACADEMIC STANDARDS.

  Expenses $59,106 · Revenue $36,571

As filed on the 2022 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

8 November 2023

IRS schema version

2022v5.0

Source object

202303319349300345

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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