Form 990 for tax year 2023
Filed by OPERA MEMPHIS ENDOWMENT FOUNDATION.
Totals
- Total revenue
- -$49,499
- Total expenses
- $22,399
- Contributions and grants received
- $0
- Grants paid
- $20,040
- Program service revenue
- $0
- Investment income
- -$49,499
- Other revenue
- $0
- Total assets, end of year
- $377,318
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $377,318
- Program services expenses (Part IX)
- $20,040
- Management and general expenses
- $2,359
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,040
Program services were 89.5% 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.
-
3 · Investment income
total $4,046 · excluded $4,046
-
7b · Less cost or other basis and sales expenses
securities $53,545
-
7c · Gain or loss
securities -$53,545
-
7d · Net gain or loss
total -$53,545 · related or exempt -$53,545
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,040 · program services $20,040
-
11f · Fees: investment management
total $2,359 · management and general $2,359
Balance sheet
Part X, book values.
-
12 · Investments: other securities
beginning of year $347,345 · end of year $377,318
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $347,345 · end of year $377,318
Mission and programs · 2023
Mission
TO SUPPORT OPERA MEMPHIS, INC TO FURTHER THE DEVELOPMENT OF ARTISTIC AND MUSICAL TALENTS AND FOR THE CULTURAL EDUCATION AND ENTERTAINMENT OF THE GENERAL PUBLIC
Activities or mission (Part I)
TO SUPPORT OPERA MEMPHIS, INC TO FURTHER THE DEVELOPMENT OF ARTISTIC AND MUSICAL TALENTS AND FOR THE CULTURAL EDUCATION AND ENTERTAINMENT OF THE GENERAL PUBLIC.
-
GRANT TO OPERA MEMPHIS, INC TO FURTHER THE DEVELOPMENT OF ARTISTIC AND MUSICAL TALENTS FOR THE CULTURAL EDUCATION AND ENTERTAINMENT OF THE GENERAL PUBLIC
Expenses $20,040 · Grants $20,040
As filed on the 2023 return.
Listed in Part VII
-
Emily StrackEMILY STRACK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Paul K GuibaoPAUL K GUIBAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Allen MorganALLEN MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel AnglinDANIEL ANGLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward CantyEDWARD CANTY
GENERAL DIRECTOR
- Total calculated
- $116,126
- From this org
- $0
- From related orgs
- $104,786
- Other
- $11,340
- Hours/week
- 1 + 50 related
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
-
$20,040
GENERAL ASSISTANCE
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.
-
501(C)(3) · PROVIDE TOP QUALITY MAIN STAGE PROGRAMMING AND EDUCATIONAL ENRICHMENT · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520439349301467
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