Civic Intelligence

Friends of the Wright Opera House Inc.

990 • Fiscal year 2018 • EIN 26-2039839

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

PO Box 17Ouray, CO 81427

(970) 235-4005

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.20x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.74x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

88th percentile

33%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-38%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,298,216

Up $576,221 (+33%) from 2017

Net Assets

Up

$1,848,165

Up $131,869 (+7.7%) from 2017

Liabilities

Up

$450,051

Up $444,352 (+7797%) from 2017

Revenue

Down

$258,034

Down $158,810 (-38%) from 2017

Expenses

Up

$131,749

Up $20,784 (+19%) from 2017

Net Income

Down

$126,285

Down $179,594 (-59%) from 2017

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 2010: $612,874Liabilities 2010: $0Net Assets 2010: $612,8742010Assets 2011: $973,906Liabilities 2011: $4,136Net Assets 2011: $969,7702011Assets 2012: $1,005,941Liabilities 2012: $2,345Net Assets 2012: $1,003,5962012Assets 2013: $1,175,050Liabilities 2013: $7,257Net Assets 2013: $1,167,7932013Assets 2014: $1,254,900Liabilities 2014: $6,335Net Assets 2014: $1,248,5652014Assets 2015: $1,255,844Liabilities 2015: $11,420Net Assets 2015: $1,244,4242015Assets 2016: $1,420,993Liabilities 2016: $5,699Net Assets 2016: $1,415,2942016Assets 2017: $1,721,995Liabilities 2017: $5,699Net Assets 2017: $1,716,2962017Assets 2018: $2,298,216Liabilities 2018: $450,051Net Assets 2018: $1,848,1652018Assets 2019: $2,650,537Liabilities 2019: $568,223Net Assets 2019: $2,082,3142019Assets 2020: $2,719,872Liabilities 2020: $623,368Net Assets 2020: $2,096,5042020Assets 2021: $2,834,575Liabilities 2021: $427,295Net Assets 2021: $2,407,2802021Assets 2022: $2,718,441Liabilities 2022: $428,127Net Assets 2022: $2,290,3142022Assets 2023: $2,699,497Liabilities 2023: $416,728Net Assets 2023: $2,282,7692023Assets 2024: $2,762,535Liabilities 2024: $406,411Net Assets 2024: $2,356,1242024

Highlighted filing

2018

Assets$2,298,216
Liabilities$450,051
Net Assets$1,848,165

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $16,6442010Expenses 2011: $55,3272011Expenses 2012: $85,3692012Revenue 2013: $285,333Expenses 2013: $121,136Net Income 2013: $164,1972013Revenue 2014: $290,295Expenses 2014: $209,523Net Income 2014: $80,7722014Revenue 2015: $163,485Expenses 2015: $172,501Net Income 2015: -$9,0162015Revenue 2016: $301,357Expenses 2016: $130,775Net Income 2016: $170,5822016Revenue 2017: $416,844Expenses 2017: $110,965Net Income 2017: $305,8792017Revenue 2018: $258,034Expenses 2018: $131,749Net Income 2018: $126,2852018Revenue 2019: $380,246Expenses 2019: $180,915Net Income 2019: $199,3312019Revenue 2020: $280,640Expenses 2020: $266,450Net Income 2020: $14,1902020Revenue 2021: $666,491Expenses 2021: $355,715Net Income 2021: $310,7762021Revenue 2022: $356,594Expenses 2022: $473,558Net Income 2022: -$116,9642022Revenue 2023: $390,542Expenses 2023: $398,079Net Income 2023: -$7,5372023Revenue 2024: $461,825Expenses 2024: $388,471Net Income 2024: $73,3542024

Highlighted filing

2018

Revenue$258,034
Expenses$131,749
Net Income$126,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$297,116
Mission and Program Overview

Mission

Purchase the wright opera house/ convert to arts center

Our mission is to perserve and rehabilitate the historic wright opera house and to provide theater, music. Dance and visual arts to the residents and visitors of ouray county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,207,836$2,008,708▲ $800,872
Rtn Earn Endowment Incm Other Fnds$1,716,296$1,848,165▲ $131,869
Cash and Non-Interest-Bearing Accounts$508,447$283,871▼ $224,576
Prepaid Expenses and Deferred Charges$566$491▼ $75
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,721,995$2,298,216▲ $576,221
Other Assets Total$5,146$5,146→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$449,191-
Other Liabilities$5,699$860▼ $4,839
Total Liabilities$5,699$450,051▲ $444,352
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,716,296$1,848,165▲ $131,869
Total Liabilities and Net Assets / Fund Balance$1,721,995$2,298,216▲ $576,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,216,852$157,103$1,373,955
Leasehold Improvements$602,870$54,382$657,252
Other Land Buildings$182,816$45,551$228,367
Equipment$6,170$36,008$42,178
Compensation and Service Providers

Board Members and Trustees

NameTitle
Debra WillimasPresident
Kate RitterVice President
Mark OrgrenVice President
Milton GraffGrant Wrting
Braydin MehnertMember
Eliza WisterMember
Kit MeckelMember
Marc HitchcoxMember
Scott PankowMember
Stuart GilespieMember
Terry KiserMember
April OrgrenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$238,509
Program Service Revenue
$0
Investment Income
$192
Other Revenue
$19,333
All Other Contributions
$238,509
Change in Net Assets
$126,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,749
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$48,972-$48,972
Occupancy-$26,352-$26,352
Insurance$2,697--$2,697
Fees for Services Other$1,835--$1,835
All Other Expenses$1,809$10-$1,819
Other Expenses$1,337--$1,337
Information Technology$1,185--$1,185
Advertising$732--$732
Conferences and Meetings$505--$505
Fees for Services Accounting$148--$148
Total Functional Expenses$56,415$75,334$0$131,749
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,742
Fundraising Direct Expenses$39,082
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ticket Sales$24,611$24,611$33,880$-9,269
Advertising Income$7,780$7,780-$7,780
Total Events$32,391$32,391$33,880$-1,489
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$860
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Draft is given to treasurer to review and sign.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Friends of the Wright Opera House Inc
EIN
26-2039839
Phone
9702354005
Address
PO BOX 17, OURAY, CO 81427

Signing Officer

Name
April Orgren
Title
Treasurer
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
12

Preparer

Firm
LEWIS & CO CPAs PC
Address
137 SE Jay Avenue, CEDAREDGE, CO 81413
Preparer
Lesley R Lewis CPA
Phone
9708564133
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0449191
IRS990/NetAssetsOrFundBalancesBOYAmt01716296
IRS990/NetAssetsOrFundBalancesEOYAmt01848165
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01660
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt017673
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt017673
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0148
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt026352
IRS990/OccupancyGrp/TotalAmt026352
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt05146
IRS990/OtherAssetsTotalGrp/EOYAmt05146
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Contract Labor
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Licenses
IRS990/OtherExpensesGrp/ProgramServicesAmt039238
IRS990/OtherExpensesGrp/ProgramServicesAmt13821
IRS990/OtherExpensesGrp/ProgramServicesAmt23108
IRS990/OtherExpensesGrp/ProgramServicesAmt31337
IRS990/OtherExpensesGrp/TotalAmt039238
IRS990/OtherExpensesGrp/TotalAmt13821
IRS990/OtherExpensesGrp/TotalAmt23108
IRS990/OtherExpensesGrp/TotalAmt31337
IRS990/OtherLiabilitiesGrp/BOYAmt05699
IRS990/OtherLiabilitiesGrp/EOYAmt0860
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0566
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0491
IRS990/PriorPeriodAdjustmentsAmt05584
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0406634
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0126
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0110965
IRS990/PYOtherRevenueAmt010084
IRS990/PYRevenuesLessExpensesAmt0305879
IRS990/PYTotalExpensesAmt0110965
IRS990/PYTotalRevenueAmt0416844
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0126285
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt017673
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01716296
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01848165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0238509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0406634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0254832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0112728
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0278740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01291443
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0143
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0295
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt01291443
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0238509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0406634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0254832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0112728
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0278740
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01291443
IRS990ScheduleA/TotalSupportAmt01291738
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01216852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0157103
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01373955
IRS990ScheduleD/EquipmentGrp/BookValueAmt06170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036008
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042178
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0602870
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt054382
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0657252
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0182816
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt045551
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0228367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02008708
IRS990ScheduleD/TotalLiabilityAmt0860
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033880
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TICKET SALES
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADVERTISING INCOME
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024611
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032391
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024611
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032391
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1489
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033880
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033880
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT IS GIVEN TO TREASURER TO REVIEW AND SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.76$0.41$2.36$0.46$0.39$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.70$0.42$2.28$0.39$0.40$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.72$0.43$2.29$0.36$0.47$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.83$0.43$2.41$0.67$0.36$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.72$0.62$2.10$0.28$0.27$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.65$0.57$2.08$0.38$0.18$0.20
2018Detailed filing. Detailed filing data is available for this year.$2.30$0.45$1.85$0.26$0.13$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.72$0.01$1.72$0.42$0.11$0.31
2016Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.42$0.30$0.13$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.24$0.16$0.17$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.25$0.29$0.21$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.18$0.01$1.17$0.29$0.12$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.00$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.00$0.97$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.02