Civic Intelligence

The Opera Association of Central Ohio

990 • Fiscal year 2024 • EIN 31-1020676

Jul 01, 2023 to Jun 30, 2024 • Filed on Dec 19, 2024

55 East State StreetColumbus, OH 43215

(614) 461-8101

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.07x

Higher debt load relative to revenue than 49% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

23rd percentile

-9.0%

Higher net margin than 23% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$143,825

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.8%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

18%

Faster revenue growth than 64% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,350,584

Up $61,308 (+4.8%) from 2023

Net Assets

Up

$1,246,258

Up $9,966 (+0.8%) from 2023

Liabilities

Up

$104,326

Up $51,342 (+97%) from 2023

Revenue

Up

$1,470,540

Up $224,009 (+18%) from 2023

Expenses

Up

$1,603,504

Up $270,816 (+20%) from 2023

Net Income

Down

-$132,964

Down $46,807 (-54%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $443,128Liabilities 2011: $32,830Net Assets 2011: $410,2982011Assets 2012: $457,583Liabilities 2012: $69,296Net Assets 2012: $388,2872012Assets 2013: $478,475Liabilities 2013: $82,829Net Assets 2013: $395,6462013Assets 2014: $570,122Liabilities 2014: $39,591Net Assets 2014: $530,5312014Assets 2015: $1,047,403Liabilities 2015: $194,456Net Assets 2015: $852,9472015Assets 2016: $988,977Liabilities 2016: $110,787Net Assets 2016: $878,1902016Assets 2017: $1,197,973Liabilities 2017: $108,431Net Assets 2017: $1,089,5422017Assets 2018: $1,187,614Liabilities 2018: $203,951Net Assets 2018: $983,6632018Assets 2019: $1,094,283Liabilities 2019: $54,453Net Assets 2019: $1,039,8302019Assets 2020: $977,093Liabilities 2020: $89,643Net Assets 2020: $887,4502020Assets 2021: $1,399,773Liabilities 2021: $49,216Net Assets 2021: $1,350,5572021Assets 2022: $1,269,312Liabilities 2022: $71,114Net Assets 2022: $1,198,1982022Assets 2023: $1,289,276Liabilities 2023: $52,984Net Assets 2023: $1,236,2922023Assets 2024: $1,350,584Liabilities 2024: $104,326Net Assets 2024: $1,246,2582024

Highlighted filing

2024

Assets$1,350,584
Liabilities$104,326
Net Assets$1,246,258

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $957,5282011Expenses 2012: $762,8272012Expenses 2013: $765,7682013Revenue 2014: $866,845Expenses 2014: $731,960Net Income 2014: $134,8852014Revenue 2015: $1,394,182Expenses 2015: $1,071,766Net Income 2015: $322,4162015Revenue 2016: $1,201,184Expenses 2016: $1,163,531Net Income 2016: $37,6532016Revenue 2017: $1,445,579Expenses 2017: $1,234,227Net Income 2017: $211,3522017Revenue 2018: $1,185,355Expenses 2018: $1,291,234Net Income 2018: -$105,8792018Revenue 2019: $1,589,645Expenses 2019: $1,533,478Net Income 2019: $56,1672019Revenue 2020: $1,183,861Expenses 2020: $1,400,205Net Income 2020: -$216,3442020Revenue 2021: $1,372,585Expenses 2021: $1,119,500Net Income 2021: $253,0852021Revenue 2022: $1,287,831Expenses 2022: $1,406,710Net Income 2022: -$118,8792022Revenue 2023: $1,246,531Expenses 2023: $1,332,688Net Income 2023: -$86,1572023Revenue 2024: $1,470,540Expenses 2024: $1,603,504Net Income 2024: -$132,9642024

Highlighted filing

2024

Revenue$1,470,540
Expenses$1,603,504
Net Income-$132,964
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Dec 19, 2024
Return Version
2023v5.0
Gross Receipts
$1,516,241
Mission and Program Overview

Mission

Opera columbus enriches central ohio, educating, enlightening, and entertaining people of all ages and backgrounds through the live music theatre experience by employing a diverse and far-flung supply of creative talent, ideas and artistic energies.

Opera columbus enriches central ohio by educating, enlightening, and entertaining people of all ages and backgrounds through the live music theatre experience by employing a diverse and far-flung supply of creative talent, ideas and artistice energies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$341,177$429,591▲ $88,414
Cash and Non-Interest-Bearing Accounts$189,682$115,638▼ $74,044
Accounts Receivable$11,538--
Prepaid Expenses and Deferred Charges$3,882$1,200▼ $2,682
Total Assets$1,289,276$1,350,584▲ $61,308
Other Assets Total$742,997$804,155▲ $61,158
Liabilities
Accounts Payable and Accrued Expenses$52,984$104,326▲ $51,342
Total Liabilities$52,984$104,326▲ $51,342
Net Assets / Fund Balance
Net Assets With Donor Restrictions$818,012$843,848▲ $25,836
Net Assets Without Donor Restrictions$418,280$402,410▼ $15,870
Total Net Assets Fund Balance$1,236,292$1,246,258▲ $9,966
Total Liabilities and Net Assets / Fund Balance$1,289,276$1,350,584▲ $61,308

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$804,155--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$742,997$240▲ $93,597$30,000$804,155
2022$696,195$7,100▲ $43,881$20,000$742,997
2021$667,034$170,000▼ $85,392$52,554$696,195
2020$537,640-▲ $131,449$2,055$667,034
2019$568,302--$30,662$537,640
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julia Noulin-meratCEOFT$143,825$143,825

Board Members and Trustees

NameTitle
Femi AdeyanjuPresident
Arthur Gh BingTrustee
Benjamin TracyTrustee
Caroline RoccoTrustee
Donell R GrubbsTrustee
Doug McintyreTrustee
Evan SpencerTrustee
Fabian PadamadanTrustee
George ArnoldTrustee
Marilu FaberTrustee
Matthew HallTrustee
Megan McalisterTrustee
Shawn HomanTrustee
Todd MajidzadehTrustee
Johanna Destfano PhdLife Trustee
Patricia MorrisonLife Trustee
Sheldon a TaftLife Trustee
Stanley D RossLife Trustee
William T GroveLife Trustee
Bob PhilipsDevelopment
Charles C WarnerExecutive Co
Andrew KingGovernance C
Bill MillerPast Preside
Gerard BasallaSecretary
Allison SteinerVP / Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$1,020,922
Program Service Revenue
$274,572
Investment Income
$77
Other Revenue
$174,969
All Other Contributions
$177,261
Change in Net Assets
$-132,964

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,470,540
Revenue Not Reported on Form 990
$188,631
Total Revenue per Audited Statements
$1,659,171
Total Revenue per Form 990
$1,470,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,185,519
Salaries, Compensation, and Employee Benefits$397,385
Total Fundraising Expense$115,291
Grants and Similar Amounts Paid$20,600
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$144,467$38,016$9,508$191,991
Fees for Services Management$47,057$108,971$10,610$166,638
Travel$130,311$17,649$19$147,979
Current Officers, Directors, Trustees, and Key Employees$108,645$28,147$7,033$143,825
Fees for Services Other$110,775-$3,175$113,950
Advertising$33,661$37,883$1,885$73,429
Payroll Taxes$46,177$12,314$3,078$61,569
Occupancy$32,300$4,500-$36,800
Grants to Domestic Individuals$20,600--$20,600
Other Expenses$1,060$14,498$75,536$15,558
All Other Expenses$730$13,034-$13,764
Insurance-$11,922-$11,922
Office Expenses$333$4,277$3,073$7,683
Total Functional Expenses$1,176,806$311,407$115,291$1,603,504

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,649,205
Expenses per Audited Statements$1,603,504
Total Expenses per Form 990$1,603,504
Expenses Not Reported on Form 990$45,701
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,785
Fundraising Direct Expenses$45,701
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Opera Gala$161,785$161,785$45,701$116,084
Total Events$161,785$161,785$45,701$116,084
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The association has a management agreement with the columbus association for the performing arts (capa). Under this agreement capa provides certain management, financial, and marketing services to the association. The association board continues to provide oversight and strategic direction to both the association staff and capa in its capacity as management company.

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

The form 990 is reviewed by the accounting staff in detail, and by the executive director. The form 990 is then distributed to the governing body prior to filing.

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

The policy is distributed on an annual basis, and members of the governing body are required to sign a form acknowledging receipt and understanding of the policy, and documenting any relationships they have as an employee or board member with other organizations.

Form 990, Page 6, Part VI, Line 15A

A 3rd party consultant coached and educated the board on compensation of officials. The consultant reviewed the organization's compensation levels during the hiring process using comparable industry data.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Opera Association
EIN
31-1020676
Phone
6144618101
Address
55 EAST STATE STREET, COLUMBUS, OH 43215
Doing Business As
Opera Columbus

Signing Officer

Name
Femi Adeyanju
Title
President
Phone
6144618101
Signed
2024-12-19

Organization Details

Principal Officer
Julia Noulin-merat
Formed
1981
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
Employees
7
Volunteers
75

Preparer

Firm
Wells CPA LLC
Address
215 N FRONT ST STE 110, COLUMBUS, OH 43215
Preparer
Donald Wells
Phone
6143968974
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Opera columbus enriches central ohio by educating, enlightening, and entertaining people of all ages and backgrounds through the live music theatre experience by employing a diverse and far-flung supply of creative talent, ideas and artistice energies.

Form 990, Page 2, Part III, Line 4B

Education programs: our youth education programs support children's learning and development, building an appreciation for opera and the arts while teaching important life lessons. We are an essential part of our community's social and emotional fabric. We invest in columbus' future through our educational and community programming, including opera goes to school tour, performance workshops, concerts in the classroom, opera rehearsal previews, sketch opera, student dress rehearsals, southern theatre tours and free student tickets. Opera columbus will continue our mission to advance the experience and the art of opera by educating and inspiring all generations through a well-rounded education, with the objective of preparing the future generations to make an impact in our community.

Form 990, Page 2, Part III, Line 4C

Vocal competition: the purpose of the annual, internationally-recognized irma m. Cooper-arthur and hetty bing vocal competition is to empower and celebrate young, emerging artists through cash prizes and audition experience. This competition discovers talent, reveals artistic opportunity, and engages the next generation into the professional opera community. Founded in 1983, the competition attracts exceptional artists each year, helping to launch the careers of many of its competitors. Former winners include internationally-renowned superstar denyce graves and metropolitan opera artists dina kuznetsova, richard paul fink, susan foster, lucas meachem, and alyson cambridge. The encouragement award (launched in 2013) honors a talented high school or undergraduate artist from central ohio, who receives a cash prize and an opportunity to perform at the vocal competition finals.

Form 990, Part XI, Line 9

Direct fundraising expenses 45,701 direct fundraising expenses 0 direct fundraising expenses -45,701

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are used primarily to assist with funding of awards for the association's vocal competition.

Schedule D, Page 3, Part X

The association is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The association follows fasb guidance on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the association, and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. On june 30, 2024, there were no material unrecognized tax benefits identified or recorded as liabilities.

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expenses 45,701

Schedule D, Page 4, Part XI, Line 4B

Direct fundraising expenses 0

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 45,701

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VP / FINANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt5GOVERNANCE C
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DEVELOPMENT
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IRS990/MissionDesc0OPERA COLUMBUS ENRICHES CENTRAL OHIO BY EDUCATING, ENLIGHTENING, AND ENTERTAINING PEOPLE OF ALL AGES AND BACKGROUNDS THROUGH THE LIVE MUSIC THEATRE EXPERIENCE BY EMPLOYING A DIVERSE AND FAR-FLUNG SUPPLY OF CREATIVE TALENT, IDEAS AND ARTISTICE ENERGIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROGRAMS: OUR YOUTH EDUCATION PROGRAMS SUPPORT CHILDREN'S LEARNING AND DEVELOPMENT, BUILDING AN APPRECIATION FOR OPERA AND THE ARTS WHILE TEACHING IMPORTANT LIFE LESSONS. WE ARE AN ESSENTIAL PART OF OUR COMMUNITY'S SOCIAL AND EMOTIONAL FABRIC. WE INVEST IN COLUMBUS' FUTURE THROUGH OUR EDUCATIONAL AND COMMUNITY PROGRAMMING, INCLUDING OPERA GOES TO SCHOOL TOUR, PERFORMANCE WORKSHOPS, CONCERTS IN THE CLASSROOM, OPERA REHEARSAL PREVIEWS, SKETCH OPERA, STUDENT DRESS REHEARSALS, SOUTHERN THEATRE TOURS AND FREE STUDENT TICKETS. OPERA COLUMBUS WILL CONTINUE OUR MISSION TO ADVANCE THE EXPERIENCE AND THE ART OF OPERA BY EDUCATING AND INSPIRING ALL GENERATIONS THROUGH A WELL-ROUNDED EDUCATION, WITH THE OBJECTIVE OF PREPARING THE FUTURE GENERATIONS TO MAKE AN IMPACT IN OUR COMMUNITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0138603
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0370
IRS990/ProgSrvcAccomActy3Grp/Desc0VOCAL COMPETITION: THE PURPOSE OF THE ANNUAL, INTERNATIONALLY-RECOGNIZED IRMA M. COOPER-ARTHUR AND HETTY BING VOCAL COMPETITION IS TO EMPOWER AND CELEBRATE YOUNG, EMERGING ARTISTS THROUGH CASH PRIZES AND AUDITION EXPERIENCE. THIS COMPETITION DISCOVERS TALENT, REVEALS ARTISTIC OPPORTUNITY, AND ENGAGES THE NEXT GENERATION INTO THE PROFESSIONAL OPERA COMMUNITY. FOUNDED IN 1983, THE COMPETITION ATTRACTS EXCEPTIONAL ARTISTS EACH YEAR, HELPING TO LAUNCH THE CAREERS OF MANY OF ITS COMPETITORS. FORMER WINNERS INCLUDE INTERNATIONALLY-RENOWNED SUPERSTAR DENYCE GRAVES AND METROPOLITAN OPERA ARTISTS DINA KUZNETSOVA, RICHARD PAUL FINK, SUSAN FOSTER, LUCAS MEACHEM, AND ALYSON CAMBRIDGE. THE ENCOURAGEMENT AWARD (LAUNCHED IN 2013) HONORS A TALENTED HIGH SCHOOL OR UNDERGRADUATE ARTIST FROM CENTRAL OHIO, WHO RECEIVES A CASH PRIZE AND AN OPPORTUNITY TO PERFORM AT THE VOCAL COMPETITION FINALS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt049388
IRS990/ProgSrvcAccomActy3Grp/GrantAmt020600
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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.$1.35$0.10$1.25$1.47$1.60$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.05$1.24$1.25$1.33$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.07$1.20$1.29$1.41$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.05$1.35$1.37$1.12$0.25
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.09$0.89$1.18$1.40$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.05$1.04$1.59$1.53$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.20$0.98$1.19$1.29$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.11$1.09$1.45$1.23$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.11$0.88$1.20$1.16$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.19$0.85$1.39$1.07$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.53$0.87$0.73$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.08$0.40$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.07$0.39$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.03$0.41$0.96
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $1M-$5M nonprofits