Civic Intelligence

Opera Carolina Endowment

990 • Fiscal year 2015 • EIN 20-2533756

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 02, 2016

Organization ProfileWWW.OPERACAROLINA.ORG
1600 Elizabeth AveCharlotte, NC 28204

(704) 332-7177

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.36x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Net Margin

4th percentile

-106%

Higher net margin than 4% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$140,961

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 227.3% of source-year revenue.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-2.9%

Faster asset growth than 30% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-90%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$2,996,748

Down $89,255 (-2.9%) from 2014

Net Assets

Down

$2,974,123

Down $111,880 (-3.6%) from 2014

Liabilities

Up

$22,625

Up $22,625 from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin4th percentile

Revenue

Down

$62,003

Down $534,787 (-90%) from 2014

Expenses

Down

$127,980

Down $15,090 (-11%) from 2014

Net Income

Down

-$65,977

Down $519,697 (-115%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,315,010Liabilities 2012: $0Net Assets 2012: $2,315,0102012Assets 2013: $2,425,015Liabilities 2013: $0Net Assets 2013: $2,425,0152013Assets 2014: $3,086,003Liabilities 2014: $0Net Assets 2014: $3,086,0032014Assets 2015: $2,996,748Liabilities 2015: $22,625Net Assets 2015: $2,974,1232015Assets 2016: $2,924,609Liabilities 2016: $23,187Net Assets 2016: $2,901,4222016Assets 2017: $3,349,429Liabilities 2017: $23,280Net Assets 2017: $3,326,1492017Assets 2018: $3,662,476Liabilities 2018: $22,241Net Assets 2018: $3,640,2352018Assets 2019: $3,793,180Liabilities 2019: $21,557Net Assets 2019: $3,771,6232019Assets 2020: $4,003,076Liabilities 2020: $62,789Net Assets 2020: $3,940,2872020Assets 2021: $4,426,596Liabilities 2021: $0Net Assets 2021: $4,426,5962021Assets 2022: $4,163,276Liabilities 2022: $0Net Assets 2022: $4,163,2762022Assets 2023: $4,076,497Liabilities 2023: $0Net Assets 2023: $4,076,4972023Assets 2024: $3,902,772Liabilities 2024: $0Net Assets 2024: $3,902,7722024

Highlighted filing

2015

Assets$2,996,748
Liabilities$22,625
Net Assets$2,974,123
Open 2015 Filing

Operations Trend

Revenue Growth2nd percentile

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

$600K$400K$200K$0-$200KRevenue 2012: $64,785Expenses 2012: $75,367Net Income 2012: -$10,5822012Revenue 2013: $56,982Expenses 2013: $76,473Net Income 2013: -$19,4912013Revenue 2014: $596,790Expenses 2014: $143,070Net Income 2014: $453,7202014Revenue 2015: $62,003Expenses 2015: $127,980Net Income 2015: -$65,9772015Revenue 2016: $2,897Expenses 2016: $103,016Net Income 2016: -$100,1192016Revenue 2017: $560,600Expenses 2017: $203,428Net Income 2017: $357,1722017Revenue 2018: $357,800Expenses 2018: $76,801Net Income 2018: $280,9992018Revenue 2019: $155,888Expenses 2019: $59,280Net Income 2019: $96,6082019Revenue 2020: $275,087Expenses 2020: $85,846Net Income 2020: $189,2412020Revenue 2021: $264,517Expenses 2021: $100,529Net Income 2021: $163,9882021Revenue 2022: $16,145Expenses 2022: $0Net Income 2022: $16,1452022Revenue 2023: $61,912Expenses 2023: $150,207Net Income 2023: -$88,2952023Revenue 2024: $268,064Expenses 2024: $331,677Net Income 2024: -$63,6132024

Highlighted filing

2015

Revenue$62,003
Expenses$127,980
Net Income-$65,977
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$62,003
Mission and Program Overview

Mission

To support the ongoing educational and cultural activities of opera carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,830,754$1,683,588▼ $147,166
Accounts Receivable$1,090,431$1,312,320▲ $221,889
Pledges and Grants Receivable$25,500--
Other Notes and Loans Receivable, Net$8,828--
Cash and Non-Interest-Bearing Accounts$130,490$840▼ $129,650
Total Assets$3,086,003$2,996,748▼ $89,255
Liabilities
Accounts Payable and Accrued Expenses-$22,625-
Total Liabilities$0$22,625▲ $22,625
Net Assets / Fund Balance
Unrestricted Net Assets$2,189,325$2,101,945▼ $87,380
Permanently Rstr Net Assets$815,288$815,288→ $0
Temporarily Rstr Net Assets$81,390$56,890▼ $24,500
Total Net Assets Fund Balance$3,086,003$2,974,123▼ $111,880
Total Liabilities and Net Assets / Fund Balance$3,086,003$2,996,748▼ $89,255

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,830,754$-145,501▲ $16,071-$1,683,590
2013$1,572,834$-7,067▲ $274,456-$1,830,754
2012$1,409,678$-18,472▲ $185,108-$1,572,834
2011$1,186,793$210,000▲ $26,557$9,877$1,409,678
2010$763,050$240,000▲ $204,311$16,812$1,186,793
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
James MeenaPresident$140,961$140,961

Board Members and Trustees

NameTitle
Bill StatonDirector
George H Edmiston JrDirector
John SilviaDirector
Steve HershfieldDirector
Thomas HughesDirector
C Wells Hall IiiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$62,003
Other Revenue
$0
Change in Net Assets
$-65,977

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,164
Revenue Not Reported on Financial Statements
$17,839
Revenue Not Reported on Form 990
$-45,903
Total Revenue per Audited Statements
$-1,739
Total Revenue per Form 990
$62,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$83,563
Other Expenses$44,417
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$83,563--$83,563
Other Expenses-$19,825-$19,825
Fees for Service Investment Mgmnt Fees-$17,842-$17,842
Fees for Services Accounting-$6,750-$6,750
Total Functional Expenses$83,563$44,417$0$127,980

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$127,980
Expenses per Audited Statements$110,141
Total Expenses per Audited Statements$110,141
Expenses Not Reported on Financial Statements$17,839
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Opera CarolinaCharlotte, NC3Support Opera Progra$83,563
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The chief financial officer reviews the 990. The document is then reviewed by the board of directors prior to filing.”

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

“The organization requires annual disclosure of any conflict of interest and reminds and educates board members of their duty to disclose any conflict of interest. Vendors are reviewed to insure no known conflict exists.”

Form 990, Page 6, Part VI, Line 19

“All governing documents and financial statements may be examined upon request at the office location.”

Filing and Contact Details

Filer

Filer Name
Opera Carolina Endowment
EIN
20-2533756
Phone
7043327177
Address
1600 ELIZABETH AVE, CHARLOTTE, NC 28204

Signing Officer

Name
James Meena
Title
President
Phone
7043327177
Signed
2016-02-02

Organization Details

Principal Officer
James Meena
Formed
2004
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
10

Preparer

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203
Preparer
Susan C Benton Wilson
Phone
7045520553
Supplemental Narrative

Additional Explanations

Form 990

“Schedule r part ii column b - opera carolina's mission is to inspire and entertain the region's diverse community through the presentation of excellent opera, operetta, music theatre and education outreach programs that elevate the quality of life in the carolinas.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The endowment investments are used to maximize the funds available to opera carolina for educational programs and opera productions.”

Raw XML AppendixShowing 400 of 413 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt022625
IRS990/AccountsReceivableGrp/BOYAmt01090431
IRS990/AccountsReceivableGrp/EOYAmt01312320
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO SUPPORT THE ONGOING EDUCATIONAL AND CULTURAL ACTIVITIES OF OPERA CAROLINA.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0VANESSA THORNE
IRS990/BooksInCareOfDetail/PhoneNum07043327177
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01600 ELIZABETH AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028204
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0130490
IRS990/CashNonInterestBearingGrp/EOYAmt0840
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt083563
IRS990/CYInvestmentIncomeAmt062003
IRS990/CYOtherExpensesAmt044417
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-65977
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0127980
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt062003
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0MANAGED THE INVESTMENTS OF OPERA CAROLINA'S ENDOWMENT IN A FISCALLY SOUND MANNER TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR PROGRAMS AND OPERA PRODUCTIONS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt083563
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06750
IRS990/FeesForServicesAccountingGrp/TotalAmt06750
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt017842
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt017842
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt48310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN SILVIA
IRS990/Form990PartVIISectionAGrp/PersonNm1BILL STATON
IRS990/Form990PartVIISectionAGrp/PersonNm2GEORGE H EDMISTON JR
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS HUGHES
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES MEENA
IRS990/Form990PartVIISectionAGrp/PersonNm5C WELLS HALL III
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE HERSHFIELD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4132651
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt031743
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt083563
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt083563
IRS990/GrantsToDomesticOrgsGrp/TotalAmt083563
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt031743
IRS990/GrossReceiptsAmt062003
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt030260
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030260
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01830754
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01683588
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT THE ONGOING EDUCATIONAL AND CULTURAL ACTIVITIES OF OPERA CAROLINA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03086003
IRS990/NetAssetsOrFundBalancesEOYAmt02974123
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031743
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031743
IRS990/NetUnrlzdGainsLossesInvstAmt0-45903
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019825
IRS990/OtherExpensesGrp/TotalAmt019825
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08828
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0815288
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0815288
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAMES MEENA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0524590
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0126485
IRS990/PYInvestmentIncomeAmt067200
IRS990/PYOtherExpensesAmt016585
IRS990/PYOtherRevenueAmt05000
IRS990/PYRevenuesLessExpensesAmt0453720
IRS990/PYTotalExpensesAmt0143070
IRS990/PYTotalRevenueAmt0596790
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-65977
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566019660
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt083563
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0OPERA CAROLINA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt083563
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt017734
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01830754
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0-145501
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01683590
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt016071
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09468
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01572834
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-7067
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01830754
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0274456
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03480
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01409678
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0-18472
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01572834
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0185108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03741
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01186793
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0210000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01409678
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026557
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt09877
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03756
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0763050
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0240000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01186793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0204311
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt016812
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017839
IRS990ScheduleD/ExpensesSubtotalAmt0110141
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017839
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017839
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-45903
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.48430
IRS990ScheduleD/RevenueNotReportedAmt0-45903
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017839
IRS990ScheduleD/RevenueSubtotalAmt044164
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT INVESTMENTS ARE USED TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR EDUCATIONAL PROGRAMS AND OPERA PRODUCTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.51570
IRS990ScheduleD/TotalExpensesPerForm990Amt0127980
IRS990ScheduleD/TotalRevenuePerForm990Amt062003
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1739
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0110141
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt083563
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OPERA PROGRA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OPERA CAROLINA
IRS990ScheduleI/RecipientTable/RecipientEIN0566019660
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01600 ELIZABETH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028204
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE R PART II COLUMN B - OPERA CAROLINA'S MISSION IS TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE AND EDUCATION OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHIEF FINANCIAL OFFICER REVIEWS THE 990. THE DOCUMENT IS THEN REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES ANNUAL DISCLOSURE OF ANY CONFLICT OF INTEREST AND REMINDS AND EDUCATES BOARD MEMBERS OF THEIR DUTY TO DISCLOSE ANY CONFLICT OF INTEREST. VENDORS ARE REVIEWED TO INSURE NO KNOWN CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE EXAMINED UPON REQUEST AT THE OFFICE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OPERA CAROLINA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0566019660
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE SCH O
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01600 ELIZABETH AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028204
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt083563
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt183563
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2199265
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH TRANSFER
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL CASH TRANSFER
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACTUAL CASH TRANSFER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPERA CAROLINA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OPERA CAROLINA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2OPERA CAROLINA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3OPERA CAROLINA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4OPERA CAROLINA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1Q
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4N
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt081390
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt056890
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03086003
IRS990/TotalAssetsEOYAmt02996748
IRS990/TotalAssetsGrp/BOYAmt03086003
IRS990/TotalAssetsGrp/EOYAmt02996748
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt083563
IRS990/TotalFunctionalExpensesGrp/TotalAmt0127980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt022625
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt022625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03086003
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02974123
IRS990/TotalOtherCompensationAmt08310
IRS990/TotalProgramServiceExpensesAmt083563
IRS990/TotalRevenueGrp/ExclusionAmt062003
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt062003
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03086003
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02996748
IRS990/TotReportableCompRltdOrgAmt0132651
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02189325
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02101945
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01600 ELIZABETH AVE
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028204
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.OPERACAROLINA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MEENA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07043327177
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPERA CAROLINA ENDOWMENT
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0202533756
ReturnHeader/Filer/PhoneNum07043327177
ReturnHeader/Filer/USAddress/AddressLine1Txt01600 ELIZABETH AVE
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028204
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461302809

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,996,748
Liabilities
$22,625
Net assets
$2,974,123
Revenue
$62,003
Expenses
$127,980
Net income
-$65,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$0.00$3.90$0.27$0.33$0.06
2023Summary only. Only limited summary data is available for this year.$4.08$0.00$4.08$0.06$0.15$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$0.00$4.16$0.02$0.00$0.02
2021Summary only. Only limited summary data is available for this year.$4.43$0.00$4.43$0.26$0.10$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$0.06$3.94$0.28$0.09$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$0.02$3.77$0.16$0.06$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.02$3.64$0.36$0.08$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$0.02$3.33$0.56$0.20$0.36
2016Detailed filing. Detailed filing data is available for this year.$2.92$0.02$2.90$0.00$0.10$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.00$0.02$2.97$0.06$0.13$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$0.60$0.14$0.45
2013Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$0.06$0.08$0.02
2012Summary only. Only limited summary data is available for this year.$2.32$0.00$2.32$0.06$0.08$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $1M-$5M nonprofits