Civic Intelligence

Opera House Arts

990 • Fiscal year 2016 • EIN 01-0526734

Nov 01, 2015 to Oct 31, 2016 • Filed on Jun 07, 2017

PO Box 56Stonington, ME 04681

(207) 367-2788

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.24x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

83rd percentile

0.79x

Higher debt load relative to revenue than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

52nd percentile

$67,753

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-7.7%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.6%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,352,304

Down $197,392 (-7.7%) from 2015

Net Assets

Down

$1,787,567

Down $130,227 (-6.8%) from 2015

Liabilities

Down

$564,737

Down $67,165 (-11%) from 2015

Revenue

Up

$711,221

Up $24,862 (+3.6%) from 2015

Expenses

Up

$839,772

Up $81,637 (+11%) from 2015

Net Income

Down

-$128,551

Down $56,775 (-79%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,060,012Liabilities 2011: $235,908Net Assets 2011: $824,1042011Assets 2012: $1,214,292Liabilities 2012: $225,898Net Assets 2012: $988,3942012Assets 2013: $1,227,966Liabilities 2013: $221,255Net Assets 2013: $1,006,7112013Assets 2014: $2,196,589Liabilities 2014: $203,890Net Assets 2014: $1,992,6992014Assets 2015: $2,549,696Liabilities 2015: $631,902Net Assets 2015: $1,917,7942015Assets 2016: $2,352,304Liabilities 2016: $564,737Net Assets 2016: $1,787,5672016Assets 2017: $2,028,911Liabilities 2017: $332,796Net Assets 2017: $1,696,1152017Assets 2018: $1,972,362Liabilities 2018: $141,600Net Assets 2018: $1,830,7622018Assets 2019: $1,988,162Liabilities 2019: $142,291Net Assets 2019: $1,845,8712019Assets 2020: $2,104,182Liabilities 2020: $127,971Net Assets 2020: $1,976,2112020Assets 2021: $2,484,317Liabilities 2021: $119,505Net Assets 2021: $2,364,8122021Assets 2022: $2,089,674Liabilities 2022: $117,567Net Assets 2022: $1,972,1072022Assets 2023: $2,000,631Liabilities 2023: $127,873Net Assets 2023: $1,872,7582023Assets 2024: $2,550,469Liabilities 2024: $156,658Net Assets 2024: $2,393,8112024

Highlighted filing

2016

Assets$2,352,304
Liabilities$564,737
Net Assets$1,787,567

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $612,899Expenses 2011: $621,594Net Income 2011: -$8,6952011Expenses 2012: $686,6362012Revenue 2013: $703,346Expenses 2013: $693,662Net Income 2013: $9,6842013Revenue 2014: $1,751,753Expenses 2014: $774,409Net Income 2014: $977,3442014Revenue 2015: $686,359Expenses 2015: $758,135Net Income 2015: -$71,7762015Revenue 2016: $711,221Expenses 2016: $839,772Net Income 2016: -$128,5512016Revenue 2017: $611,762Expenses 2017: $711,885Net Income 2017: -$100,1232017Revenue 2018: $896,322Expenses 2018: $767,087Net Income 2018: $129,2352018Revenue 2019: $929,063Expenses 2019: $915,849Net Income 2019: $13,2142019Revenue 2020: $634,869Expenses 2020: $518,233Net Income 2020: $116,6362020Revenue 2021: $996,461Expenses 2021: $668,188Net Income 2021: $328,2732021Revenue 2022: $553,744Expenses 2022: $916,461Net Income 2022: -$362,7172022Revenue 2023: $737,845Expenses 2023: $857,924Net Income 2023: -$120,0792023Revenue 2024: $1,451,119Expenses 2024: $971,161Net Income 2024: $479,9582024

Highlighted filing

2016

Revenue$711,221
Expenses$839,772
Net Income-$128,551
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Jun 7, 2017
Return Version
2015v3.0
Gross Receipts
$750,025
Mission and Program Overview

Mission

To advance the public interest in and understanding of the performing and visual arts, to provide a forum for regional and national artists to expose their work, and to offer workshops, classes and seminars to the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,108,863$2,062,351▼ $46,512
Pledges and Grants Receivable$216,208$172,620▼ $43,588
Cash and Non-Interest-Bearing Accounts$74,781$50,983▼ $23,798
Investments in Publicly Traded Securities$7,996--
Accounts Receivable$13,169$7,360▼ $5,809
Inventories for Sale or Use$4,755$4,106▼ $649
Prepaid Expenses and Deferred Charges$1,292$2,204▲ $912
Savings and Temporary Cash Investments$9,749$850▼ $8,899
Total Assets$2,549,696$2,352,304▼ $197,392
Other Assets Total$112,883$51,830▼ $61,053
Liabilities
Mortgage Notes Payable Secured by Investment Property$601,521$519,963▼ $81,558
Accounts Payable and Accrued Expenses$23,369$28,606▲ $5,237
Other Liabilities-$10,265-
Escrow Account Liability$7,012$5,903▼ $1,109
Total Liabilities$631,902$564,737▼ $67,165
Net Assets / Fund Balance
Unrestricted Net Assets$1,817,511$1,754,849▼ $62,662
Permanently Rstr Net Assets$60,350--
Temporarily Rstr Net Assets$39,933$32,718▼ $7,215
Total Net Assets Fund Balance$1,917,794$1,787,567▼ $130,227
Total Liabilities and Net Assets / Fund Balance$2,549,696$2,352,304▼ $197,392

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,655,584$395,146$2,050,730
Land$406,767-$406,767

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$100,283-▲ $4,164$80,336$24,111
2014$107,194-▼ $2,661$4,250$100,283
2013$110,634$300▲ $8,730$12,470$107,194
2012$98,354$500▲ $11,780-$110,634
2011$63,952$25,484▲ $9,918$1,000$98,354
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Meg TaintorArtistic DirectorFT$62,500$5,253$67,753

Board Members and Trustees

NameTitle
Robert TobinChair
Ray MccaskeyVice Chair
Annie HollandDirector
Ariane Van BurenDirector
Bill AndersonDirector
Grace GregorDirector
John OllmanDirector
John SteedDirector
Judy MccaskeyDirector
Lynn KneedlerDirector
Mary Kay RicksDirector
Morgan WithamDirector
Peter RichardsDirector
Carol EsteyDirector Eme
Joan SorensenDirector Eme
Judith JeromeDirector Eme
Linda NelsonDirector Eme
Richard K HoweDirector Eme
Stan BergenDirector Eme
Debbie WeilClerk
Robert T LaskyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$356,900
Program Service Revenue
$295,851
Investment Income
$750
Other Revenue
$57,720
All Other Contributions
$356,900
Change in Net Assets
$-128,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,221
Revenue Not Reported on Form 990
$38,804
Total Revenue per Audited Statements
$750,025
Total Revenue per Form 990
$711,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$423,158
Other Expenses$416,614
Total Fundraising Expense$94,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$252,432$53,492$70,532$376,456
Depreciation Depletion$60,914--$60,914
Advertising$38,366$646$12,869$51,881
Payroll Taxes$21,756$4,546$6,170$32,472
Occupancy$28,905$325-$29,230
Interest$21,713--$21,713
All Other Expenses$12,717$7,265$1$19,983
Other Employee Benefits$8,293$1,733$2,351$12,377
Other Expenses$6,905$1,995$1,467$10,367
Fees for Services Accounting-$6,500-$6,500
Office Expenses$3,286$2,126-$5,412
Insurance-$4,522-$4,522
Travel$982$1,268$65$2,315
Pension Plan Contributions$1,242$259$352$1,853
Fees for Services Legal-$391-$391
Fees for Services Other-$80-$80
Total Functional Expenses$659,468$85,582$94,722$839,772

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$878,576
Expenses per Audited Statements$839,772
Total Expenses per Form 990$839,772
Expenses Not Reported on Form 990$38,804
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,420
Fundraising Direct Expenses$17,898
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$68,420$68,420$17,898$50,522
Total Events$68,420$68,420$17,898$50,522
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cnb Line-of-credit$10,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ray mccaskey judy mccaskey vice chair director married linda nelson judith jerome director eme director eme domestic partners

Form 990, Page 6, Part VI, Line 11B

The producing artistic director and the treasurer review the form 990. The board reviews and adopts the completed 990 prior to its public release.

Form 990, Page 6, Part VI, Line 12C

A conflict of interest policy is signed by each board member and officer annually. A conflict of interest transaction must be approved before consummation of the transaction as follows. The board of directors of the corporation may authorize, approve or ratify the transaction if the material facts of the transaction and the director's or officer's interest are disclosed or known to the board. The transaction may be approved only if it is fair and equitable to the corporation as of the date the transaction is authorized, approved or ratified. The party asserting fairness of any such transaction has the burden of establishing fairness. For purposes of this section, a conflict of interest transaction is approved if it receives an affirmative vote of a majority of the directors who have no direct or indirect interest in the transaction, but a transaction may not be approved by a single director. If a majority of the directors on the board who have no direct or indirect interest in the transaction vote to approve the transaction, a quorum is present for the purpose of taking action. Directors may recuse themselves from discussions and/or votes in which they perceive themselves as having a direct or indirect interest.

Form 990, Page 6, Part VI, Line 15A

As provided in the employment agreement between opera house arts and the producing artistic director, the process of determining compensation for the producing artistic director includes review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 18

Opera house art's form 990 is made widely available via the guidestar website.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Opera House Arts
EIN
01-0526734
Address
PO BOX 56, STONINGTON, ME 04681

Signing Officer

Name
Robert T Lasky
Title
Treasurer
Signed
2017-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert T Lasky
Formed
1999
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
15
Employees
42
Volunteers
100

Preparer

Firm
Cheryl L Boulet CPA
Address
PO BOX 775, BLUE HILL, ME 04614-5929
Preparer
Cheryl L Boulet CPA
Phone
2073742400
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Realized & unrealized gains 7,063 prior period adjustment -8,739 total -1,676

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

From time to time, opera house arts enters into signed written contracts to act as a fiscal agent for artists or organizations whose projects fall within the mission of opera house arts. Opera house arts agrees to receive and administer grant funds from public agencies for these entities and, in return, to receive an administrative fee of 5-7% for such services.

Schedule D, Page 2, Part V, Line 4

The board-designated endowment fund has been established to provide funding for the organization's programs.

Schedule D, Page 4, Part XI, Line 2D

Cost of goods sold 20,906 event expenses 17,898

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 20,906 event expenses 17,898

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13ARTISTIC DIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR EME
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR EME
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR EME
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR EME
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR EME
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR EME
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0132615
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0100527
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01365292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0343782

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.55$0.16$2.39$1.45$0.97$0.48
2023Detailed filing. Detailed filing data is available for this year.$2.00$0.13$1.87$0.74$0.86$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.12$1.97$0.55$0.92$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.12$2.36$1.00$0.67$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.10$0.13$1.98$0.63$0.52$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.99$0.14$1.85$0.93$0.92$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.97$0.14$1.83$0.90$0.77$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.03$0.33$1.70$0.61$0.71$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.35$0.56$1.79$0.71$0.84$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.55$0.63$1.92$0.69$0.76$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.20$0.20$1.99$1.75$0.77$0.98
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.22$1.01$0.70$0.69$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.23$0.99$0.69
2011Summary only. Only limited summary data is available for this year.$1.06$0.24$0.82$0.61$0.62$0.01