Civic Intelligence

Salt Marsh Opera Company

990 • Fiscal year 2020 • EIN 06-1603236

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

PO Box 227Stonington, CT 06378

(860) 535-3456

Siviq Scores

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

Liabilities / Assets

77th percentile

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.25x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

64th percentile

16%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$53,960

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-66%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$363,787

Up $70,774 (+24%) from 2019

Net Assets

Up

$316,421

Up $35,698 (+13%) from 2019

Liabilities

Up

$47,366

Up $35,076 (+285%) from 2019

Revenue

Down

$193,192

Down $377,165 (-66%) from 2019

Expenses

Down

$163,073

Down $136,372 (-46%) from 2019

Net Income

Down

$30,119

Down $240,793 (-89%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $46,849Liabilities 2010: $0Net Assets 2010: $46,8492010Assets 2011: $262,557Liabilities 2011: $0Net Assets 2011: $262,5572011Assets 2012: $114,461Liabilities 2012: $0Net Assets 2012: $114,4612012Assets 2013: $38,657Liabilities 2013: $0Net Assets 2013: $38,6572013Assets 2014: $1,631Liabilities 2014: $0Net Assets 2014: $1,6312014Assets 2015: $12,812Liabilities 2015: $0Net Assets 2015: $12,8122015Assets 2016: $19,882Liabilities 2016: $1,452Net Assets 2016: $18,4302016Assets 2017: $26,596Liabilities 2017: $734Net Assets 2017: $25,8622017Assets 2018: $10,975Liabilities 2018: $1,164Net Assets 2018: $9,8112018Assets 2019: $293,013Liabilities 2019: $12,290Net Assets 2019: $280,7232019Assets 2020: $363,787Liabilities 2020: $47,366Net Assets 2020: $316,4212020Assets 2021: $423,191Liabilities 2021: $33,633Net Assets 2021: $389,5582021Assets 2022: $349,662Liabilities 2022: $24,367Net Assets 2022: $325,2952022Assets 2023: $858,155Liabilities 2023: $29,101Net Assets 2023: $829,0542023Assets 2024: $810,753Liabilities 2024: $25,322Net Assets 2024: $785,4312024

Highlighted filing

2020

Assets$363,787
Liabilities$47,366
Net Assets$316,421

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $288,4832010Revenue 2011: $262,639Expenses 2011: $24,377Net Income 2011: $238,2622011Revenue 2012: $240,684Expenses 2012: $388,780Net Income 2012: -$148,0962012Revenue 2013: $252,841Expenses 2013: $328,645Net Income 2013: -$75,8042013Revenue 2014: $259,055Expenses 2014: $296,081Net Income 2014: -$37,0262014Revenue 2015: $313,658Expenses 2015: $302,477Net Income 2015: $11,1812015Revenue 2016: $324,178Expenses 2016: $318,560Net Income 2016: $5,6182016Revenue 2017: $344,141Expenses 2017: $336,709Net Income 2017: $7,4322017Revenue 2018: $319,506Expenses 2018: $335,557Net Income 2018: -$16,0512018Revenue 2019: $570,357Expenses 2019: $299,445Net Income 2019: $270,9122019Revenue 2020: $193,192Expenses 2020: $163,073Net Income 2020: $30,1192020Revenue 2021: $351,471Expenses 2021: $298,875Net Income 2021: $52,5962021Revenue 2022: $298,566Expenses 2022: $325,032Net Income 2022: -$26,4662022Revenue 2023: $845,490Expenses 2023: $365,931Net Income 2023: $479,5592023Revenue 2024: $277,702Expenses 2024: $340,282Net Income 2024: -$62,5802024

Highlighted filing

2020

Revenue$193,192
Expenses$163,073
Net Income$30,119
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.1
Gross Receipts
$193,192
Mission and Program Overview

Mission

To stage the finest professional opera productions in Southeastern New England. To excite and build audiences for the enjoyment of a grand art form. To offer educational programs and creative community outreach events that expand the opera experience.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$293,013$363,787▲ $70,774
Total Assets$293,013$363,787▲ $70,774
Liabilities
Deferred Revenue$11,320$46,505▲ $35,185
Other Liabilities$970$861▼ $109
Total Liabilities$12,290$47,366▲ $35,076
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$280,723$316,421▲ $35,698
Total Net Assets Fund Balance$280,723$316,421▲ $35,698
Total Liabilities and Net Assets / Fund Balance$293,013$363,787▲ $70,774
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Simon HoltExecutive DirectorPT$53,960$53,960

Board Members and Trustees

NameTitle
Bob PompeiPresident
Michele DelmhorstVice President
Carla StebbinsTrustee
Dean DavisTrustee
Emily MuggeTrustee
Jojo ReindelTrustee
Kathy CongerTrustee
Matthew McCauleyTrustee
Jill CorrSecretary
Deana FilippelliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$171,045
Program Service Revenue
$2,025
Investment Income
$3,272
Other Revenue
$16,850
All Other Contributions
$161,543
Change in Net Assets
$30,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$109,182
Salaries, Compensation, and Employee Benefits$53,891
Total Fundraising Expense$8,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,932$25,931-$51,863
All Other Expenses$10,251-$8,327$18,578
Other Expenses$11,006--$11,006
Occupancy$10,620--$10,620
Office Expenses$9,288--$9,288
Insurance$5,819--$5,819
Payroll Taxes$1,014$1,014-$2,028
Fees for Services Accounting-$1,500-$1,500
Total Functional Expenses$126,301$28,445$8,327$163,073
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,850
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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, Part VI, Section A, line 2

Two board members have spouses employed by the organization.

Form 990, Part VI, Section B, line 11B

The Executive Committee reviews Form 990 prior to its filing. A copy of Form 990 is made available to all trustees.

Form 990, Part VI, Section B, line 12C

The trustees have been advised to notify the officers of any changes or other incidents that could give rise to a conflict.

Form 990, Part VI, Section B, line 15A

Compensation of the Executive Director is reviewed and approved by the Board.

Form 990, Part VI, Section C, line 19

The annual Form 990 is available to the public upon request of the Treasurer.

Filing and Contact Details

Filer

Filer Name
Salt Marsh Opera Company
EIN
06-1603236
Phone
8605353456
Address
PO Box 227, Stonington, CT 06378

Signing Officer

Name
Simon Holt
Title
Director
Phone
8605353456
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tig Conger
Formed
2000
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
2
Volunteers
15

Preparer

Firm
Pucci Greene & Fusaro LLC
Address
110 Airport Road, Westerly, RI 02891
Preparer
Christopher M Fusaro CPA
Phone
4015961926
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Fundraising: Program service expenses 0. Management and general expenses 0. Fundraising expenses 8,327. Total expenses 8,327. Contracted Services: Program service expenses 3,381. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,381. Production & Program Expense: Program service expenses 2,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,700. Utilities: Program service expenses 2,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,445. Credit Card Fees: Program service expenses 1,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,586. Transportation: Program service expenses 139. Management and general expenses 0. Fundraising expenses 0. Total expenses 139.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt049700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt076585
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042357
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt090813
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0261480
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03359
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt01070968
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0172462
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0223158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0233902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0195435
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246011
IRS990ScheduleA/Total509Grp/TotalAmt01070968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0175734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0223211
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0233903
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0195453
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0246026
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01074327
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0861
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two board members have spouses employed by the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Committee reviews Form 990 prior to its filing. A copy of Form 990 is made available to all trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The trustees have been advised to notify the officers of any changes or other incidents that could give rise to a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation of the Executive Director is reviewed and approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The annual Form 990 is available to the public upon request of the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fundraising: Program service expenses 0. Management and general expenses 0. Fundraising expenses 8,327. Total expenses 8,327. Contracted Services: Program service expenses 3,381. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,381. Production & Program Expense: Program service expenses 2,700. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,700. Utilities: Program service expenses 2,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,445. Credit Card Fees: Program service expenses 1,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,586. Transportation: Program service expenses 139. Management and general expenses 0. Fundraising expenses 0. Total expenses 139.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0293013
IRS990/TotalAssetsEOYAmt0363787
IRS990/TotalAssetsGrp/BOYAmt0293013
IRS990/TotalAssetsGrp/EOYAmt0363787
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0171045
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08327
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028445
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0126301
IRS990/TotalFunctionalExpensesGrp/TotalAmt0163073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012290
IRS990/TotalLiabilitiesEOYAmt047366
IRS990/TotalLiabilitiesGrp/BOYAmt012290
IRS990/TotalLiabilitiesGrp/EOYAmt047366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0280723
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0316421
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0126301
IRS990/TotalProgramServiceRevenueAmt02025
IRS990/TotalReportableCompFromOrgAmt053960
IRS990/TotalRevenueGrp/ExclusionAmt020122
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02025
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0193192
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293013
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0363787
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 227
IRS990/USAddress/CityNm0Stonington
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006378
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.saltmarshopera.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Simon Holt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08605353456
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Salt Marsh Opera Company
ReturnHeader/Filer/BusinessNameControlTxt0SALT
ReturnHeader/Filer/EIN0061603236
ReturnHeader/Filer/PhoneNum08605353456
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 227
ReturnHeader/Filer/USAddress/CityNm0Stonington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006378

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.11$0.25$7.85$2.78$3.40$0.63
2023Detailed filing. Detailed filing data is available for this year.$8.58$0.29$8.29$8.45$3.66$4.80
2022Detailed filing. Detailed filing data is available for this year.$3.50$0.24$3.25$2.99$3.25$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.23$0.34$3.90$3.51$2.99$0.53
2020Detailed filing. Detailed filing data is available for this year.$3.64$0.47$3.16$1.93$1.63$0.30
2019Detailed filing. Detailed filing data is available for this year.$2.93$0.12$2.81$5.70$2.99$2.71
2018Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$3.20$3.36$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$3.44$3.37$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.18$3.24$3.19$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$3.14$3.02$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$2.59$2.96$0.37
2013Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$2.53$3.29$0.76
2012Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$2.41$3.89$1.48
2011Summary only. Only limited summary data is available for this year.$2.63$0.00$2.63$2.63$0.24$2.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$2.88