Civic Intelligence

The Academy of Vocal Arts

990 • Fiscal year 2013 • EIN 23-1352001

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 12, 2014

1920 Spruce Street19103
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$32,366,610

Flat from 2013

Net Assets

Flat

$30,339,207

Flat from 2013

Liabilities

Flat

$2,027,403

Flat from 2013

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$3,362,056

Flat from 2013

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $25,776,295Liabilities 2011: $1,951,122Net Assets 2011: $23,825,1732011Assets 2012: $28,437,156Liabilities 2012: $2,009,596Net Assets 2012: $26,427,5602012Assets 2013: $32,366,610Liabilities 2013: $2,027,403Net Assets 2013: $30,339,2072013Assets 2013: $32,366,610Liabilities 2013: $2,027,403Net Assets 2013: $30,339,2072013Assets 2014: $39,407,092Liabilities 2014: $4,199,732Net Assets 2014: $35,207,3602014Assets 2015: $39,727,031Liabilities 2015: $3,985,404Net Assets 2015: $35,741,6272015Assets 2016: $39,762,590Liabilities 2016: $3,844,183Net Assets 2016: $35,918,4072016Assets 2017: $41,871,057Liabilities 2017: $3,723,343Net Assets 2017: $38,147,7142017Assets 2018: $42,586,642Liabilities 2018: $3,551,620Net Assets 2018: $39,035,0222018Assets 2019: $42,735,533Liabilities 2019: $3,378,452Net Assets 2019: $39,357,0812019Assets 2020: $42,855,218Liabilities 2020: $3,546,404Net Assets 2020: $39,308,8142020Assets 2021: $52,892,047Liabilities 2021: $3,000,509Net Assets 2021: $49,891,5382021Assets 2022: $44,399,477Liabilities 2022: $2,857,203Net Assets 2022: $41,542,2742022Assets 2023: $46,475,598Liabilities 2023: $2,781,325Net Assets 2023: $43,694,2732023Assets 2024: $50,209,537Liabilities 2024: $2,519,511Net Assets 2024: $47,690,0262024Assets 2025: $54,219,823Liabilities 2025: $2,321,266Net Assets 2025: $51,898,5572025

Highlighted filing

2013

Assets$32,366,610
Liabilities$2,027,403
Net Assets$30,339,207

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,056,426Expenses 2011: $3,085,338Net Income 2011: $971,0882011Expenses 2012: $3,093,8962012Expenses 2013: $3,362,0562013Revenue 2013: $5,961,308Expenses 2013: $3,362,056Net Income 2013: $2,599,2522013Revenue 2014: $5,908,500Expenses 2014: $3,561,237Net Income 2014: $2,347,2632014Revenue 2015: $5,193,985Expenses 2015: $3,733,844Net Income 2015: $1,460,1412015Revenue 2016: $5,986,221Expenses 2016: $3,914,702Net Income 2016: $2,071,5192016Revenue 2017: $3,721,877Expenses 2017: $3,853,315Net Income 2017: -$131,4382017Revenue 2018: $4,063,507Expenses 2018: $3,921,153Net Income 2018: $142,3542018Revenue 2019: $4,713,030Expenses 2019: $4,229,862Net Income 2019: $483,1682019Revenue 2020: $4,735,145Expenses 2020: $4,055,847Net Income 2020: $679,2982020Revenue 2021: $5,493,679Expenses 2021: $3,625,898Net Income 2021: $1,867,7812021Revenue 2022: $5,067,502Expenses 2022: $4,208,740Net Income 2022: $858,7622022Revenue 2023: $5,310,910Expenses 2023: $4,754,641Net Income 2023: $556,2692023Revenue 2024: $6,335,470Expenses 2024: $4,453,869Net Income 2024: $1,881,6012024Revenue 2025: $4,653,019Expenses 2025: $4,539,027Net Income 2025: $113,9922025

Highlighted filing

2013

Revenue-
Expenses$3,362,056
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 12, 2014
Return Version
2012v2.1
Gross Receipts
$7,655,150
Mission and Program Overview

Mission

The mission of the academy of vocal arts is to be the world's premier institution for training young artists as international opera singers. Through rigorous instruction and coaching, and by presentations of resident artists from around the world in fully staged professional opera productions, as well as concerts, oratorios, public programs, the academy will train artists with the highest potential for career success while enriching lives in philadelphia and beyond. The performing experience is the key component in ava's training of outstanding singers and that which distinguishes it from other music/opera training programs. The operas are chosen to fit the specific needs of the resident artists, helping to build repertoire for a career in opera and vocal performance and providing technically challenging but achievable artistic growth.

Filing and Contact Details

Filer

EIN
23-1352001
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IRS990/Description0ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING EQUIVALENT TO MORE THAN $100,000 PER YEAR. MERIT-BASED FELLOWSHIPS ARE AWARDED IN ADDITION TO HELP OFFSET COSTS OF ROOM AND BOARD.FOR THE 2012-2013 SEASON, THE AVA OPERA THEATER SUCCESSFULLY PRODUCED FOUR FULLY-STAGED OPERA PRODUCTIONS: ROSSINI'S THE BARBER OF SEVILLE, TCHAIKOVSKY'S EUGENE ONEGIN, MASSENET'S DON QUICHOTTE, AND VERDI'S UN BALLO IN MASCHERA, AS WELL AS JUBILATE, A CONCERT OF ORATORIO MASTERPIECES, AND SEVERAL VOCAL RECITALS IN A SEASON THAT DREW OVER 12,000 PATRONS TO ITS PERFORMANCES IN FIVE DIFFERENT VENUES IN GREATER PHILADELPHIA.TEN RECENT GRADUATES RECEIVED CONTRACTS TO PERFORM WITH THE METROPOLITAN OPERA IN NEW YORK CITY, INCLUDING BRYAN HYMEL, ANGELA MEADE, CORINNE WINTERS, MICHAEL FABIANO AS THE NEWEST MEMBERS. OTHER GRADUATES PERFORM IN MAJOR INTERNATIONAL HOUSES THE WORLD OVER.MORE THAN 1,000 MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATED IN AVA'S OPERA OUTREACH EDUCATIONAL PROGRAM, RECEIVING WORKSHOPS INTRODUCING OPERA AND THE AVA RESIDENT ARTISTS, INCLUDING ATTENDANCE AT THREE OPERAS: BARBER OF SEVILLE, DON QUICHOTTE, AND UN BALLO IN MASCHERA.
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IRS990/Form990PartVIISectionA/Title30DIRECTOR
IRS990/Form990PartVIISectionA/Title31DIRECTOR
IRS990/Form990PartVIISectionA/Title32DIRECTOR
IRS990/Form990PartVIISectionA/Title33DIRECTOR
IRS990/Form990PartVIISectionA/Title34PRESIDENT
IRS990/Form990PartVIISectionA/Title35MUSIC DIRECTOR
IRS990/Form990ProvidedToGoverningBody01
IRS990/Form990-TFiled01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementSeparate0X
IRS990/FundraisingActivities01
IRS990/FundraisingDirectExpenses0144639
IRS990/FundraisingEvents0242204
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Securities099296
IRS990/Gaming00
IRS990/Grants0194035
IRS990/GrantsAndSimilarAmntsCY0194035
IRS990/GrantsAndSimilarAmntsPriorYear0181924
IRS990/GrantsToDomesticIndividuals/ProgramServices0194035
IRS990/GrantsToDomesticIndividuals/Total0194035
IRS990/GrantsToIndividuals01
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Securities01643337
IRS990/GrossIncomeFundraisingEvents0103802
IRS990/GrossReceipts07655150
IRS990/GrossRents/Real012133
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InformationTechnology/Fundraising09224
IRS990/InformationTechnology/ManagementAndGeneral038822
IRS990/InformationTechnology/ProgramServices013837
IRS990/InformationTechnology/Total061883
IRS990/Insurance/ManagementAndGeneral06810
IRS990/Insurance/ProgramServices064980
IRS990/Insurance/Total071790
IRS990/Interest/ManagementAndGeneral05397
IRS990/Interest/Total05397
IRS990/InvestmentIncomeCurrentYear01279186
IRS990/InvestmentIncome/ExclusionAmount01179890
IRS990/InvestmentIncomePriorYear03066878
IRS990/InvestmentIncome/TotalRevenueColumn01179890
IRS990/InvestmentInJointVenture00
IRS990/InvestmentsOtherSecurities/BOY06612696
IRS990/InvestmentsOtherSecurities/EOY06972677
IRS990/InvestmentsPubTradedSecurities/BOY014490296
IRS990/InvestmentsPubTradedSecurities/EOY017003980
IRS990/LandBldgEquipmentAccumDeprec02354160
IRS990/LandBuildingsEquipmentBasis08097100
IRS990/LandBuildingsEquipmentBasisNet/BOY03750191
IRS990/LandBuildingsEquipmentBasisNet/EOY05742940
IRS990/LessCostOthBasisSalesExpenses/Securities01544041
IRS990/LessRentalExpenses/Real05162
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0THE MISSION OF THE ACADEMY OF VOCAL ARTS IS TO BE THE WORLD'S PREMIER INSTITUTION FOR TRAINING YOUNG ARTISTS AS INTERNATIONAL OPERA SINGERS. THROUGH RIGOROUS INSTRUCTION AND COACHING, AND BY PRESENTATIONS OF RESIDENT ARTISTS FROM AROUND THE WORLD IN FULLY STAGED PROFESSIONAL OPERA PRODUCTIONS, AS WELL AS CONCERTS, ORATORIOS, PUBLIC PROGRAMS, THE ACADEMY WILL TRAIN ARTISTS WITH THE HIGHEST POTENTIAL FOR CAREER SUCCESS WHILE ENRICHING LIVES IN PHILADELPHIA AND BEYOND. THE PERFORMING EXPERIENCE IS THE KEY COMPONENT IN AVA'S TRAINING OF OUTSTANDING SINGERS AND THAT WHICH DISTINGUISHES IT FROM OTHER MUSIC/OPERA TRAINING PROGRAMS. THE OPERAS ARE CHOSEN TO FIT THE SPECIFIC NEEDS OF THE RESIDENT ARTISTS, HELPING TO BUILD REPERTOIRE FOR A CAREER IN OPERA AND VOCAL PERFORMANCE AND PROVIDING TECHNICALLY CHALLENGING BUT ACHIEVABLE ARTISTIC GROWTH.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY01860000
IRS990/MortNotesPyblSecuredInvestProp/EOY01860000
IRS990/NameOfPrincipalOfficerPerson0K JAMES MCDOWELL
IRS990/NbrIndependentVotingMembers034
IRS990/NbrVotingGoverningBodyMembers034
IRS990/NbrVotingMembersGoverningBody034

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.2$2.32$51.9$4.65$4.54$0.11
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.2$2.52$47.7$6.34$4.45$1.88
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.5$2.78$43.7$5.31$4.75$0.56
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.4$2.86$41.5$5.07$4.21$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.9$3.00$49.9$5.49$3.63$1.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$3.55$39.3$4.74$4.06$0.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.7$3.38$39.4$4.71$4.23$0.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.6$3.55$39.0$4.06$3.92$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.9$3.72$38.1$3.72$3.85$0.13
2016Detailed filing. Detailed filing data is available for this year.$39.8$3.84$35.9$5.99$3.91$2.07
2015Detailed filing. Detailed filing data is available for this year.$39.7$3.99$35.7$5.19$3.73$1.46
2014Detailed filing. Detailed filing data is available for this year.$39.4$4.20$35.2$5.91$3.56$2.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$2.03$30.3$3.36
2013Summary only. Only limited summary data is available for this year.$32.4$2.03$30.3$5.96$3.36$2.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$2.01$26.4$3.09
2011Summary only. Only limited summary data is available for this year.$25.8$1.95$23.8$4.06$3.09$0.97