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Nonprofiteer
← TABOR OPERA HOUSE PRESERVATION FOUNDATION INC

Form 990 for tax year 2024

Filed by TABOR OPERA HOUSE PRESERVATION FOUNDATION INC.

Totals

Total revenue
$1,286,505
Total expenses
$527,885
Contributions and grants received
$1,187,238
Grants paid
$0
Program service revenue
$67,056
Investment income
$19,026
Other revenue
$13,185
Total assets, end of year
$4,366,711
Total liabilities, end of year
$255,977
Net assets or fund balances, end of year
$4,110,734
Program services expenses (Part IX)
$433,852
Management and general expenses
$75,230
Fundraising expenses
$18,803
Program service expenses (Part III)
$433,852

Program services were 82.2% 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.

  • 1e · Government grants (contributions)

    $988,500

  • 1f · All other contributions, gifts and grants

    $198,738

  • 2a · Program service revenue: Tour Income

    total $15,496 · related or exempt $15,496

  • 2b · Program service revenue: Ticket Sales

    total $51,560 · related or exempt $51,560

  • 3 · Investment income

    total $19,026 · excluded $19,026

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $11,489

  • 10b · Cost of goods sold

    $7,949

  • 10c · Net income from sales of inventory

    total $3,540 · related or exempt $3,540

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,645 · related or exempt $9,645

  • 11e · Other revenue, total

    $9,645

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,978 · program services $84,981 · management and general $9,998 · fundraising $4,999

  • 7 · Other salaries and wages

    total $125,803 · program services $106,933 · management and general $12,580 · fundraising $6,290

  • 10 · Payroll taxes

    total $16,096 · program services $14,164 · management and general $1,288 · fundraising $644

  • 11c · Fees: accounting

    total $9,425 · management and general $9,425

  • 11g · Fees: other

    total $23,848 · management and general $23,848

  • 12 · Advertising and promotion

    total $29,322 · program services $27,856 · fundraising $1,466

  • 13 · Office expenses

    total $1,624 · program services $1,462 · management and general $162

  • 14 · Information technology

    total $13,437 · program services $12,093 · management and general $1,344

  • 16 · Occupancy

    total $21,919 · program services $19,727 · management and general $2,192

  • 17 · Travel

    total $1,760 · program services $1,584 · management and general $176

  • 22 · Depreciation, depletion and amortization

    total $72,066 · program services $64,859 · management and general $7,207

  • 23 · Insurance

    total $13,032 · program services $11,729 · management and general $1,303

  • 24a · Other expenses: Miscellaneous Expenses

    total $27,564 · program services $25,635 · management and general $1,929

  • 24b · Other expenses: Capital Campaign

    total $37,783 · program services $34,005 · management and general $3,778

  • 24c · Other expenses: Supplies

    total $8,319 · program services $8,319

  • 24d · Other expenses: Fundraising Expense

    total $5,404 · fundraising $5,404

  • 24e · All other expenses

    total $20,505 · program services $20,505

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,554 · end of year $332,669

  • 2 · Savings and temporary cash investments

    beginning of year $380,078 · end of year $518,708

  • 4 · Accounts receivable

    beginning of year $12,515 · end of year $64,655

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

    $3,571,321

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

    $321,897

  • 10c · Land, buildings and equipment, net

    beginning of year $2,840,999 · end of year $3,249,424

  • 15 · Other assets

    beginning of year $202,138 · end of year $201,255

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,774 · end of year $5,143

  • 19 · Deferred revenue

    beginning of year $244,396 · end of year $250,834

  • 27 · Net assets without donor restrictions

    beginning of year $3,071,011 · end of year $3,844,931

  • 28 · Net assets with donor restrictions

    beginning of year $281,103 · end of year $265,803

Mission and programs · 2024

Mission

Preservation, restoration and operation of the Tabor Opera House in Leadville, Colorado.

  • Tabor Opera House Preservation Foundation, Inc. is a Colorado nonprofit organization incorporated in 2003 whose purpose is to foster the preservation and restoration of the Tabor Opera House in Leadville, Colorado and operate the Opera House as a community cultural arts center for the benefit of the City. The Opera House land and building are owned by the City of Leadville and are leased to the Foundation. The Foundation raises funds to facilitate the full rehabilitation of the Opera House and finance additional improvements to the building so that it will be a viable place of entertainment and commerce in the city for generations to come. The organization is supported primarily through government and foundation grants, contributions and performance fees.

    Expenses $433,852

As filed on the 2024 return.

Listed in Part VII

  • Sara Edwards

    Executive Director

    Total calculated
    $55,305
    From this org
    $55,305
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Greg Decent

    Treasurer

    Total calculated
    $0
    Hours/week
    7

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

  • Nan Anderson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Amy Tait

    President

    Total calculated
    $0
    Hours/week
    7

  • Gena Buhler

    Director

    Total calculated
    $0
    Hours/week
    5

  • John Nelson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nell Lindquist

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Aaron Roth

    Vice Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Whitney Gilbert-Clarkson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Erin Leosz

    Vice Secretary

    Total calculated
    $0
    Hours/week
    2

  • Celesta Cairns

    Director

    Total calculated
    $0
    Hours/week
    2

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

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
4 October 2025
IRS schema version
2024v5.2
Source object
202522809349300407

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