Form 990 for tax year 2022
Filed by OPERA MEMPHIS ENDOWMENT FOUNDATION.
Totals
- Total revenue
- $8,925
- Total expenses
- $23,096
- Contributions and grants received
- $0
- Grants paid
- $20,848
- Program service revenue
- $0
- Investment income
- $8,925
- Other revenue
- $0
- Total assets, end of year
- $347,345
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $347,345
- Program services expenses (Part IX)
- $20,848
- Management and general expenses
- $2,248
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,848
Program services were 90.3% 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.
-
3 · Investment income
total $3,207 · excluded $3,207
-
7a · Gross sales of assets other than inventory
securities $5,718
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5,718
-
7d · Net gain or loss
total $5,718 · related or exempt $5,718
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,848 · program services $20,848
-
11f · Fees: investment management
total $2,248 · management and general $2,248
Balance sheet
Part X, book values.
-
12 · Investments: other securities
beginning of year $316,791 · end of year $347,345
-
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 $316,791 · end of year $347,345
Mission and programs · 2022
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 $20,848 · Grants $20,848
As filed on the 2022 return.
Listed in Part VII
-
DANIEL ANGLIN
BOARD CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
PAUL K GUIBAO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN MORGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EDWARD CANTY
GENERAL DIRECTOR
- Total calculated
- $117,099
- From this org
- $0
- From related orgs
- $101,813
- Other
- $15,286
- 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
-
$20,848
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
- 2022
- Filed
- 31 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410319349300641
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