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Nonprofiteer
← OPERA MEMPHIS INC

Form 990 for tax year 2022

Filed by OPERA MEMPHIS INC.

Totals

Total revenue
$1,091,881
Total expenses
$1,043,887
Contributions and grants received
$966,280
Grants paid
$0
Program service revenue
$102,889
Investment income
$0
Other revenue
$22,712
Total assets, end of year
$5,948,839
Total liabilities, end of year
$576,641
Net assets or fund balances, end of year
$5,372,198
Program services expenses (Part IX)
$702,255
Management and general expenses
$271,137
Fundraising expenses
$70,495
Program service expenses (Part III)
$702,255

Program services were 67.3% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $966,280

  • 1g · Noncash contributions included above

    $73,483

  • 2a · Program service revenue: ADMISSIONS

    total $89,211 · related or exempt $89,211

  • 2b · Program service revenue: EDUCATIONAL AND OUTREA

    total $13,678 · related or exempt $13,678

  • 6a · Gross rents

    personal property $14,286

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $14,286

  • 6d · Net rental income or loss

    total $14,286 · excluded $14,286

  • 11a · Other revenue: MISCELLANEOUS

    total $8,426 · related or exempt $8,426

  • 11e · Other revenue, total

    $8,426

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $117,099 · program services $67,973 · management and general $33,419 · fundraising $15,707

  • 7 · Other salaries and wages

    total $313,569 · program services $182,019 · management and general $89,488 · fundraising $42,062

  • 10 · Payroll taxes

    total $35,675 · program services $20,709 · management and general $10,181 · fundraising $4,785

  • 11b · Fees: legal

    total $4,722 · management and general $4,722

  • 11c · Fees: accounting

    total $25,500 · management and general $25,500

  • 11g · Fees: other

    total $20,699 · program services $13,650 · management and general $7,049

  • 12 · Advertising and promotion

    total $35,515 · program services $27,957 · management and general $7,558

  • 13 · Office expenses

    total $28,423 · program services $8,611 · management and general $14,442 · fundraising $5,370

  • 16 · Occupancy

    total $4,062 · program services $1,088 · management and general $2,633 · fundraising $341

  • 17 · Travel

    total $29,536 · program services $24,362 · management and general $5,174

  • 20 · Interest

    total $65 · program services $46 · fundraising $19

  • 22 · Depreciation, depletion and amortization

    total $16,422 · program services $4,556 · management and general $10,438 · fundraising $1,428

  • 23 · Insurance

    total $5,380 · program services $408 · management and general $4,844 · fundraising $128

  • 24a · Other expenses: DIRECT PRODUCTION & EDU

    total $230,409 · program services $230,409

  • 24b · Other expenses: RENT EXPENSES

    total $125,354 · program services $83,092 · management and general $42,262

  • 24c · Other expenses: MISCELLANEOUS

    total $35,000 · program services $21,573 · management and general $13,427

  • 24d · Other expenses: MERCHANT FEES

    total $14,490 · program services $14,490

  • 24e · All other expenses

    total $1,967 · program services $1,312 · fundraising $655

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,386,156 · end of year $155,810

  • 3 · Pledges and grants receivable

    beginning of year $20,000 · end of year $290,160

  • 4 · Accounts receivable

    beginning of year $17,250 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $15,600

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

    $438,970

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

    $294,652

  • 10c · Land, buildings and equipment, net

    beginning of year $98,972 · end of year $144,318

  • 12 · Investments: other securities

    beginning of year $1,514,739 · end of year $4,862,095

  • 15 · Other assets

    beginning of year $0 · end of year $480,856

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,015 · end of year $60,923

  • 25 · Other liabilities

    beginning of year $0 · end of year $515,718

  • 27 · Net assets without donor restrictions

    beginning of year $3,284,639 · end of year $3,489,561

  • 28 · Net assets with donor restrictions

    beginning of year $1,675,463 · end of year $1,882,637

Mission and programs · 2022

Mission

THE MISSION OF OPERA MEMPHIS IS TO ENTERTAIN AND INSPIRE THE PEOPLE OF MEMPHIS AND THE MID-SOUTH THROUGH THE ART OF OPERA.

  • OUR MASTERWORKS PRODUCTIONS FOCUS ON WORKS FROM THE TRADITIONAL OPERATIC CANON. THEY FEATURE WORLD-CLASS PERFORMERS, THE MEMPHIS SYMPHONY ORCHESTRA, AND OTHER LOCAL PERFORMING ARTS GROUPS.OUR KEYNOTE PROGRAM IS 30 DAYS OF OPERA, A MONTH-LONG EVENT THAT INTRODUCES OPERA INTO THE EVERYDAY ROUTINES OF MEMPHIANS. EACH SEASON, #30DAYS PRESENTS OVER 50 FREE EVENTS IN OVER 40 LOCATIONS, REACHING AN AVERAGE OF OVER 30,000 INDIVIDUALS, WITH PERFORMANCES IN EVERY ZIP CODE IN MEMPHIS.WE ALSO OFFER A VARIETY OF EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR, WHICH IN PRE-PANDEMIC YEARS REACHED OVER 17,000 CHILDREN AND ADULTS ANNUALLY. THESE ACTIVITIES, WHICH ARE SLOWLY BEING RESTORED POST-PANDEMIC INCLUDE PERFORMANCES AT MORE THAN 100 LOCAL SCHOOLS, HOSPITALS, AND COMMUNITY ORGANIZATIONS. THE HANDORF COMPANY ARTIST PROGRAM PROVIDES CAREER-BUILDING EXPERIENCES TO EMERGING SINGERS THROUGH ROBUST PERFORMANCE OPPORTUNITIES AND PERSONALIZED GOALS WHILE PROVIDING THE TOOLS AND ENTREPRENEURIAL MINDSET NECESSARY FOR CITIZEN-ARTISTS TO CHAMPION OPERA IN THE 21ST CENTURY. THE MCCLEAVE PROJECT IS A MULTI-PRONGED EFFORT TO CELEBRATE THE HISTORY OF BLACK OPERA IN MEMPHIS AND BUILD A MORE EQUITABLE FUTURE FOR THE ART. THE MCCLEAVE FELLOWSHIP PROGRAM FOR DIRECTORS AND CONDUCTORS OF COLOR ADDRESSES PIPELINE ISSUES IN OUR INDUSTRY WHILE BETTER MEETING THE NEEDS OF THE CITY.

    Expenses $702,255 · Revenue $111,315

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Anglin

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Emily Strack

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Sindhia Nichols

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Alison Turner

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Daniel Bastardo Blanco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Neal S Beckford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Creech

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mr Michael Divoky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Veronica Engle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Thomas Essmyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr William Falvey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Juan Fuentes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Handorf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Asa Karlstrom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jean Mercer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Scheuner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles Schaffler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Keith Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward Canty

    GENERAL DIRECTOR

    Total calculated
    $117,099
    From this org
    $101,813
    From related orgs
    $0
    Other
    $15,286
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 January 2024
IRS schema version
2022v5.0
Source object
202400449349300735

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