Civic Intelligence

The Opera Foundation Inc.

990 • Fiscal year 2016 • EIN 13-3377138

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

co Mannheim LLC 712 5th AveNew York, NY 10019

(212) 664-8843

Siviq Scores

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

Liabilities / Assets

65th percentile

0.05x

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

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.05x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Top Officer Pay

79th percentile

$12,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2016 filings • NTEE A • <$500k nonprofits • Source year 2016

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

-3.0%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • NTEE A • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$128,473

Up $18,990 (+17%) from 2015

Net Assets

Up

$122,473

Up $18,590 (+18%) from 2015

Liabilities

Up

$6,000

Up $400 (+7.1%) from 2015

Revenue

Down

$114,084

Down $3,571 (-3.0%) from 2015

Expenses

Down

$95,494

Down $4,578 (-4.6%) from 2015

Net Income

Up

$18,590

Up $1,007 (+5.7%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $61,208Liabilities 2010: $6,950Net Assets 2010: $54,2582010Assets 2011: $72,999Liabilities 2011: $5,750Net Assets 2011: $67,2492011Assets 2012: $82,912Liabilities 2012: $5,250Net Assets 2012: $77,6622012Assets 2013: $85,450Liabilities 2013: $7,250Net Assets 2013: $78,2002013Assets 2014: $91,750Liabilities 2014: $5,450Net Assets 2014: $86,3002014Assets 2015: $109,483Liabilities 2015: $5,600Net Assets 2015: $103,8832015Assets 2016: $128,473Liabilities 2016: $6,000Net Assets 2016: $122,4732016Assets 2017: $125,066Liabilities 2017: $6,500Net Assets 2017: $118,5662017Assets 2018: $99,611Liabilities 2018: $6,500Net Assets 2018: $93,1112018Assets 2019: $88,286Liabilities 2019: $6,500Net Assets 2019: $81,7862019Assets 2020: $90,978Liabilities 2020: $6,800Net Assets 2020: $84,1782020Assets 2021: $72,967Liabilities 2021: $7,000Net Assets 2021: $65,9672021Assets 2022: $83,512Liabilities 2022: $7,400Net Assets 2022: $76,1122022Assets 2023: $73,237Liabilities 2023: $7,600Net Assets 2023: $65,6372023Assets 2024: $82,987Liabilities 2024: $7,750Net Assets 2024: $75,2372024Assets 2025: $158,144Liabilities 2025: $7,900Net Assets 2025: $150,2442025

Highlighted filing

2016

Assets$128,473
Liabilities$6,000
Net Assets$122,473

Operations Trend

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

$200K$100K$0-$100KExpenses 2010: $75,6762010Expenses 2011: $79,8772011Expenses 2012: $80,4452012Revenue 2013: $92,213Expenses 2013: $91,675Net Income 2013: $5382013Revenue 2014: $107,941Expenses 2014: $99,841Net Income 2014: $8,1002014Revenue 2015: $117,655Expenses 2015: $100,072Net Income 2015: $17,5832015Revenue 2016: $114,084Expenses 2016: $95,494Net Income 2016: $18,5902016Revenue 2017: $82,015Expenses 2017: $85,922Net Income 2017: -$3,9072017Revenue 2018: $57,010Expenses 2018: $82,465Net Income 2018: -$25,4552018Revenue 2019: $81,803Expenses 2019: $93,128Net Income 2019: -$11,3252019Revenue 2020: $96,333Expenses 2020: $93,941Net Income 2020: $2,3922020Revenue 2021: $106,011Expenses 2021: $124,222Net Income 2021: -$18,2112021Revenue 2022: $126,898Expenses 2022: $116,753Net Income 2022: $10,1452022Revenue 2023: $113,841Expenses 2023: $124,316Net Income 2023: -$10,4752023Revenue 2024: $170,550Expenses 2024: $160,952Net Income 2024: $9,5982024Revenue 2025: $179,329Expenses 2025: $104,322Net Income 2025: $75,0072025

Highlighted filing

2016

Revenue$114,084
Expenses$95,494
Net Income$18,590
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v3.0
Gross Receipts
$114,084
Mission and Program Overview

Mission

Program for American Artists

Program for American Artists to train and perform in premier opera houses in Europe, and to support tours of European Opera Houses in the United States.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,483$127,473▲ $18,990
Rtn Earn Endowment Incm Other Fnds$103,883$122,473▲ $18,590
Accounts Receivable$1,000--
Prepaid Expenses and Deferred Charges-$1,000-
Total Assets$109,483$128,473▲ $18,990
Liabilities
Accounts Payable and Accrued Expenses$5,600$6,000▲ $400
Total Liabilities$5,600$6,000▲ $400
Net Assets / Fund Balance
Total Net Assets Fund Balance$103,883$122,473▲ $18,590
Total Liabilities and Net Assets / Fund Balance$109,483$128,473▲ $18,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Elizabeth WalbroelExec. DirectorPT$12,000$12,000

Board Members and Trustees

NameTitle
Bernhard KoeppPresident
Peter CificielloSecretary
Sherif LotfiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,084
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$48,000
Change in Net Assets
$18,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,400
Salaries, Compensation, and Employee Benefits$13,248
Other Expenses$11,846
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$70,400--$70,400
Current Officers, Directors, Trustees, and Key Employees$4,500$8,748$0$13,248
Fees for Services Accounting$0$6,000$0$6,000
Other Expenses$0$3,982$0$3,982
Total Functional Expenses$74,900$20,594$0$95,494
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$128,000$128,000$64,457$63,543
Total Events$134,640$134,640$68,556$66,084
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Opera Foundation Inc
EIN
13-3377138
Phone
2126648843
Address
co Mannheim LLC 712 5th Ave, New York, NY 10019

Signing Officer

Name
Bernhard Koepp
Title
President
Phone
2126648843
Signed
2016-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernhard Koepp
Formed
1986
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Michael Labosco
Address
41 ANCHOR DRIVE, MASSAPEQUA, NY 11758
Preparer
Michael Labosco CPA
Phone
5167951803
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Trustees & Officers; twelve in total

Pt VI, Line 7A

Must be approved by group detailed above

Pt VI, Line 7B

Major strategic decisions are approved by group detailed above.

Pt VI, Line 8A

Major strategic decsions are documented with contemporaneous minutes.

Pt VI, Line 8B

Not applicable; there are no individual committees.

Pt VI, Line 10B

Not applicable.

Pt VI, Line 11B

A copy of Form 990 is reviewed by current officers prior to filing.

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0128000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06640
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0134640
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt066084
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04099
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt068556
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt064457
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trustees & Officers; twelve in total
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Must be approved by group detailed above
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Major strategic decisions are approved by group detailed above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Major strategic decsions are documented with contemporaneous minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Not applicable; there are no individual committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Not applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A copy of Form 990 is reviewed by current officers prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0109483
IRS990/TotalAssetsEOYAmt0128473
IRS990/TotalAssetsGrp/BOYAmt0109483
IRS990/TotalAssetsGrp/EOYAmt0128473
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0114084
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020594
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt074900
IRS990/TotalFunctionalExpensesGrp/TotalAmt095494
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05600
IRS990/TotalLiabilitiesEOYAmt06000
IRS990/TotalLiabilitiesGrp/BOYAmt05600
IRS990/TotalLiabilitiesGrp/EOYAmt06000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103883
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0122473
IRS990/TotalOtherCompensationAmt012000
IRS990/TotalProgramServiceExpensesAmt074900
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0114084
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0109483
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0128473
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0same above
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010019
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0http:\\www.operafoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNHARD KOEPP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126648843
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Opera Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0133377138
ReturnHeader/Filer/PhoneNum02126648843
ReturnHeader/Filer/USAddress/AddressLine1Txt0co Mannheim LLC 712 5th Ave
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010019
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL LABOSCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt041 ANCHOR DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MASSAPEQUA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011758
ReturnHeader/PreparerPersonGrp/PhoneNum05167951803
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL LABOSCO CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-01-23T17:40:01-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$0.08$1.50$1.79$1.04$0.75
2024Detailed filing. Detailed filing data is available for this year.$0.83$0.08$0.75$1.71$1.61$0.10
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.08$0.66$1.14$1.24$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.07$0.76$1.27$1.17$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.07$0.66$1.06$1.24$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.07$0.84$0.96$0.94$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.07$0.82$0.82$0.93$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.07$0.93$0.57$0.82$0.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.07$1.19$0.82$0.86$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.28$0.06$1.22$1.14$0.95$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.06$1.04$1.18$1.00$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.86$1.08$1.00$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.07$0.78$0.92$0.92$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.05$0.78$0.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.06$0.67$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.07$0.54$0.76