Civic Intelligence

Florentine Opera Co Inc.

990 • Fiscal year 2017 • EIN 39-1098132

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 21, 2017

930 E Burleigh StMilwaukee, WI 53212-2212

(414) 291-5700

Siviq Scores

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

Liabilities / Assets

79th percentile

0.46x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.50x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

17th percentile

-15%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$212,646

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

36th percentile

-0.7%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

2.9%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$3,285,640

Down $21,594 (-0.7%) from 2016

Net Assets

Down

$1,761,516

Down $266,699 (-13%) from 2016

Liabilities

Up

$1,524,124

Up $245,105 (+19%) from 2016

Revenue

Up

$3,032,739

Up $85,387 (+2.9%) from 2016

Expenses

Up

$3,479,195

Up $536,541 (+18%) from 2016

Net Income

Down

-$446,456

Down $451,154 (-9603%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $3,742,196Liabilities 2010: $346,042Net Assets 2010: $3,396,1542010Assets 2011: $3,686,991Liabilities 2011: $802,436Net Assets 2011: $2,884,5552011Assets 2012: $3,254,049Liabilities 2012: $697,544Net Assets 2012: $2,556,5052012Assets 2013: $3,691,388Liabilities 2013: $821,938Net Assets 2013: $2,869,4502013Assets 2014: $3,682,398Liabilities 2014: $771,771Net Assets 2014: $2,910,6272014Assets 2015: $3,398,154Liabilities 2015: $1,150,534Net Assets 2015: $2,247,6202015Assets 2016: $3,307,234Liabilities 2016: $1,279,019Net Assets 2016: $2,028,2152016Assets 2017: $3,285,640Liabilities 2017: $1,524,124Net Assets 2017: $1,761,5162017Assets 2018: $3,235,712Liabilities 2018: $1,665,997Net Assets 2018: $1,569,7152018Assets 2019: $3,078,813Liabilities 2019: $599,998Net Assets 2019: $2,478,8152019Assets 2020: $3,633,215Liabilities 2020: $493,047Net Assets 2020: $3,140,1682020Assets 2021: $5,920,744Liabilities 2021: $579,966Net Assets 2021: $5,340,7782021Assets 2022: $7,598,617Liabilities 2022: $321,286Net Assets 2022: $7,277,3312022Assets 2023: $8,307,289Liabilities 2023: $765,756Net Assets 2023: $7,541,5332023Assets 2024: $8,231,772Liabilities 2024: $618,248Net Assets 2024: $7,613,5242024Assets 2025: $8,026,236Liabilities 2025: $442,358Net Assets 2025: $7,583,8782025

Highlighted filing

2017

Assets$3,285,640
Liabilities$1,524,124
Net Assets$1,761,516

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,206,1792010Revenue 2011: $2,577,591Expenses 2011: $3,204,240Net Income 2011: -$626,6492011Expenses 2012: $2,748,8022012Revenue 2013: $2,804,350Expenses 2013: $2,627,796Net Income 2013: $176,5542013Revenue 2014: $2,872,101Expenses 2014: $2,983,902Net Income 2014: -$111,8012014Revenue 2015: $2,702,110Expenses 2015: $3,265,186Net Income 2015: -$563,0762015Revenue 2016: $2,947,352Expenses 2016: $2,942,654Net Income 2016: $4,6982016Revenue 2017: $3,032,739Expenses 2017: $3,479,195Net Income 2017: -$446,4562017Revenue 2018: $3,047,860Expenses 2018: $3,254,646Net Income 2018: -$206,7862018Revenue 2019: $3,771,298Expenses 2019: $2,667,889Net Income 2019: $1,103,4092019Revenue 2020: $2,912,053Expenses 2020: $2,263,542Net Income 2020: $648,5112020Revenue 2021: $3,209,487Expenses 2021: $1,634,041Net Income 2021: $1,575,4462021Revenue 2022: $5,457,526Expenses 2022: $2,789,932Net Income 2022: $2,667,5942022Revenue 2023: $2,842,076Expenses 2023: $2,875,330Net Income 2023: -$33,2542023Revenue 2024: $2,846,186Expenses 2024: $3,415,280Net Income 2024: -$569,0942024Revenue 2025: $4,190,595Expenses 2025: $3,546,942Net Income 2025: $643,6532025

Highlighted filing

2017

Revenue$3,032,739
Expenses$3,479,195
Net Income-$446,456
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 21, 2017
Return Version
2016v3.0
Gross Receipts
$3,251,322
Mission and Program Overview

Mission

The florentine opera company's mission is to present productions reflecting the highest musical and theatrical standards designed to fulfill the company's vision to expand the experiences of patrons with memorable, outstanding, and exciting performances.

One of wisconsin's oldest and most enduring professional performing arts organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,496,333$2,632,420▲ $136,087
Cash and Non-Interest-Bearing Accounts$104,784$208,426▲ $103,642
Pledges and Grants Receivable$429,472$156,050▼ $273,422
Land, Buildings, and Equipment, Net$121,757$76,823▼ $44,934
Prepaid Expenses and Deferred Charges$88,007$23,588▼ $64,419
Accounts Receivable$13,548--
Total Assets$3,307,234$3,285,640▼ $21,594
Other Assets Total$53,333$188,333▲ $135,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,088,790$1,280,273▲ $191,483
Deferred Revenue$164,678$213,321▲ $48,643
Accounts Payable and Accrued Expenses$25,551$28,530▲ $2,979
Escrow Account Liability-$2,000-
Total Liabilities$1,279,019$1,524,124▲ $245,105
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,730,823$1,704,506▼ $26,317
Temporarily Rstr Net Assets$309,700$328,710▲ $19,010
Unrestricted Net Assets$-12,308$-271,700▼ $259,392
Total Net Assets Fund Balance$2,028,215$1,761,516▼ $266,699
Total Liabilities and Net Assets / Fund Balance$3,307,234$3,285,640▼ $21,594

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,789$214,242$242,031
Leasehold Improvements$49,034$152,571$201,605
Other Assets Org$188,333--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,658,404$350▲ $186,852-$1,845,606
2016$1,728,373$2,450▼ $72,419-$1,658,404
2015$1,741,068$76,381-$89,076$1,728,373
2014$1,567,452-▲ $253,616$80,000$1,741,068
2013$1,567,352$100--$1,567,452
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William FlorescuGeneral DirectorFT$172,346$40,300$212,646

Board Members and Trustees

NameTitle
Clay NeslerChair-strategic Planning
Mark CameliPast President
Adam WienschPresident
Kathleen WilsonPresident-elect
Mark BerryVice President Development
Catherine CostantiniVice President Education
Mary ShielyVice President Governance
Sarah DamsgaardVice President Governance
Raechell ThuotVice President Marketing and Audience Development
Billie Jean SmithVice President of Finance
Claire HackmannDirector
Desko NikitovicDirector
Dr David ParisDirector
Dr Peter DrescherDirector
Dr Richard GrunkeDirector
Ilke PanzerDirector
Julie SteinhafelDirector
Nita SorefDirector
Richard PieperDirector
Sara PariseDirector
Wendy BurkeDirector
William TaylorDirector
Wayne LuedersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,424,777
Program Service Revenue
$488,855
Investment Income
$113,844
Other Revenue
$5,263
All Other Contributions
$2,230,800
Change in Net Assets
$-446,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,101,316
Revenue Not Reported on Financial Statements
$-68,577
Revenue Not Reported on Form 990
$205,050
Other Revenue Adjustments
$-68,577
Total Revenue per Audited Statements
$3,306,366
Total Revenue per Form 990
$3,032,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,910,391
Other Expenses$1,568,804
Total Fundraising Expense$226,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,144,741$112,524$151,705$1,408,970
Office Expenses$263,375$48,398$18,346$330,119
Current Officers, Directors, Trustees, and Key Employees$118,090$109,006-$227,096
Advertising$198,900--$198,900
Occupancy$149,771$16,737-$166,508
Other Employee Benefits$130,784$13,286$17,263$161,333
Payroll Taxes$74,438$12,542$9,025$96,005
Royalties$83,050--$83,050
Fees for Services Other$42,133$12,916$15,106$70,155
Depreciation Depletion$33,286$19,510-$52,796
Conferences and Meetings$38,615$11,392-$50,007
Travel$43,369$2,705$2,203$48,277
Interest-$43,524-$43,524
Insurance$25,878$13,633-$39,511
All Other Expenses$13,485$4,227$7,894$25,606
Other Expenses$402,845$21,533$3,029$21,533
Fees for Service Investment Mgmnt Fees-$19,207-$19,207
Pension Plan Contributions$13,171$2,219$1,597$16,987
Fees for Services Accounting-$13,737-$13,737
Total Functional Expenses$2,775,931$477,096$226,168$3,479,195

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,573,065
Total Expenses per Form 990$3,479,195
Expenses per Audited Statements$3,459,988
Expenses Not Reported on Form 990$113,077
Expenses Not Reported on Financial Statements$19,207
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,840
Fundraising Direct Expenses$68,577
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$141,270$50,857$3,598$47,259
Pasta and Puccini$65,665$22,983$3,052$19,931
Total Events$206,935$73,840$68,577$5,263
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 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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Whenever a director or officer has a financial or personal interest in any matter coming before the governing body, the governing body shall ensure that the interest of such officer or director is fully disclosed to the governing body, no interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting of the governing body at which such matter is voted upon, any transaction in which a director or officer has a financial or personal interest shall be duly approved by members of the governing body not so interested or connected as being in the best interests of the organization, payments to the interested officer or director shall be reasonable and shall not exceed fair market value, and the minutes of the meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval.

Form 990, Part VI, Section B, Line 15A

The general director's compensation is established and monitored by the executive committee of the governing body. The compensation is based on a written job description and is subject to comparison to other similar job descriptions using third-party published data. The process was last undertaken in fiscal year 2016 when the general director's three-year contract was renewed.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Florentine Opera Company Inc
EIN
39-1098132
Phone
4142915700
Address
930 E BURLEIGH ST, MILWAUKEE, WI 53212-2212

Signing Officer

Name
Billie Jean Smith
Title
Vice President of Finance
Phone
4142915700
Signed
2017-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Billie Jean Smith
Formed
1968
Legal Domicile
Wi
Voting Board Members
23
Independent Board Members
23
Employees
108
Volunteers
30

Preparer

Firm
Wegner Cpas Llp
Address
2110 LUANN LN, MADISON, WI 53713-3074
Preparer
Jenny Tarkowski CPA
Phone
6082744020
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization is collecting funds for members of the governing body to attend a performance related to program development.

PART V, LINE 4:

The income from the endowment funds can be used to support the organization's general activities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Investment management fees reported on form 990, part ix, line 11f -19,207.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Direct expenses reported on form 990, part viii, line 8b -68,577.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct expenses reported on form 990, part viii, line 8b 68,577.

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

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IRS990/Form990PartVIISectionAGrp/PersonNm1MARK CAMELI
IRS990/Form990PartVIISectionAGrp/PersonNm2BILLIE JEAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3WAYNE LUEDERS
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm5RAECHELL THUOT
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHERINE COSTANTINI
IRS990/Form990PartVIISectionAGrp/PersonNm7SARAH DAMSGAARD
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHLEEN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY SHIELY
IRS990/Form990PartVIISectionAGrp/PersonNm10CLAY NESLER
IRS990/Form990PartVIISectionAGrp/PersonNm11DR RICHARD GRUNKE
IRS990/Form990PartVIISectionAGrp/PersonNm12CLAIRE HACKMANN
IRS990/Form990PartVIISectionAGrp/PersonNm13DESKO NIKITOVIC
IRS990/Form990PartVIISectionAGrp/PersonNm14DR PETER DRESCHER
IRS990/Form990PartVIISectionAGrp/PersonNm15SARA PARISE
IRS990/Form990PartVIISectionAGrp/PersonNm16RICHARD PIEPER
IRS990/Form990PartVIISectionAGrp/PersonNm17ILKE PANZER
IRS990/Form990PartVIISectionAGrp/PersonNm18WENDY BURKE
IRS990/Form990PartVIISectionAGrp/PersonNm19DR DAVID PARIS
IRS990/Form990PartVIISectionAGrp/PersonNm20WILLIAM TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm21JULIE STEINHAFEL
IRS990/Form990PartVIISectionAGrp/PersonNm22NITA SOREF
IRS990/Form990PartVIISectionAGrp/PersonNm23WILLIAM FLORESCU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23172346
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT MARKETING AND AUDIENCE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR-STRATEGIC PLANNING
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23GENERAL DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0133095
IRS990/FundraisingDirectExpensesAmt068577
IRS990/FundraisingGrossIncomeAmt073840
IRS990/GainOrLossGrp/SecuritiesAmt063650
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt060882
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0213656
IRS990/GrossReceiptsAmt03251322
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt013633
IRS990/InsuranceGrp/ProgramServicesAmt025878
IRS990/InsuranceGrp/TotalAmt039511
IRS990/InterestGrp/ManagementAndGeneralAmt043524
IRS990/InterestGrp/TotalAmt043524
IRS990/InvestmentIncomeGrp/ExclusionAmt050194
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050194
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02496333
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02632420
IRS990/IRPDocumentCnt052
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0366813
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0121757
IRS990/LandBldgEquipBasisNetGrp/EOYAmt076823
IRS990/LandBldgEquipCostOrOtherBssAmt0443636
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0150006
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FLORENTINE OPERA COMPANY'S MISSION IS TO PRESENT PRODUCTIONS REFLECTING THE HIGHEST MUSICAL AND THEATRICAL STANDARDS DESIGNED TO FULFILL THE COMPANY'S VISION TO EXPAND THE EXPERIENCES OF PATRONS WITH MEMORABLE, OUTSTANDING, AND EXCITING PERFORMANCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01088790
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01280273
IRS990/NetAssetsOrFundBalancesBOYAmt02028215
IRS990/NetAssetsOrFundBalancesEOYAmt01761516
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt063650
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt063650
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05263
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05263
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0179757
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt016737
IRS990/OccupancyGrp/ProgramServicesAmt0149771
IRS990/OccupancyGrp/TotalAmt0166508
IRS990/OfficeExpensesGrp/FundraisingAmt018346
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048398
IRS990/OfficeExpensesGrp/ProgramServicesAmt0263375
IRS990/OfficeExpensesGrp/TotalAmt0330119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053333
IRS990/OtherAssetsTotalGrp/EOYAmt0188333
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt017263
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013286
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0130784
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161333
IRS990/OtherExpensesGrp/Desc0THEATER AND PRODUCTION
IRS990/OtherExpensesGrp/Desc1SALES TAXES
IRS990/OtherExpensesGrp/FundraisingAmt03029
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021533
IRS990/OtherExpensesGrp/ProgramServicesAmt0402845
IRS990/OtherExpensesGrp/TotalAmt0405874
IRS990/OtherExpensesGrp/TotalAmt121533
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0151705
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0112524
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01144741
IRS990/OtherSalariesAndWagesGrp/TotalAmt01408970
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09025
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012542
IRS990/PayrollTaxesGrp/ProgramServicesAmt074438
IRS990/PayrollTaxesGrp/TotalAmt096005
IRS990/PensionPlanContributionsGrp/FundraisingAmt01597
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02219
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013171
IRS990/PensionPlanContributionsGrp/TotalAmt016987
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01730823
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01704506
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0429472
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0156050
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt088007
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023588
IRS990/PrincipalOfficerNm0BILLIE JEAN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3532490
IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION AND OUTREACH
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3SET RENTALS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0387333
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157366
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt228315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315841
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0387333
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt228315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315841
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FLORENTINE OPERA COMPANY'S PROGRAMS REACH A BROAD SPECTRUM OF INDIVIDUALS THROUGHOUT METRO MILWAUKEE, SOUTHEASTERN WISCONSIN, AND BEYOND. LAST YEAR, NEARLY 14,000 STUDENTS AND INDIVIDUALS BENEFITED FROM THESE PROGRAMS. THE COMPANY PROVIDES A VITAL ADDITION TO LOCAL ARTS EDUCATION--BOTH IN THE CLASSROOM AND ON THE STAGE. THE FLORENTINE OPERA COMPANY'S EDUCATION DEPARTMENT IS COMMITTED TO PROVIDING EDUCATORS WITH OPPORTUNITIES TO UTILIZE OPERA TO MEET EDUCATIONAL STANDARDS, AS WELL AS TO ENHANCE LEARNING FOR ALL STUDENTS.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$0.44$7.58$4.19$3.55$0.64
2024Detailed filing. Detailed filing data is available for this year.$8.23$0.62$7.61$2.85$3.42$0.57
2023Detailed filing. Detailed filing data is available for this year.$8.31$0.77$7.54$2.84$2.88$0.03
2022Detailed filing. Detailed filing data is available for this year.$7.60$0.32$7.28$5.46$2.79$2.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.92$0.58$5.34$3.21$1.63$1.58
2020Detailed filing. Detailed filing data is available for this year.$3.63$0.49$3.14$2.91$2.26$0.65
2019Detailed filing. Detailed filing data is available for this year.$3.08$0.60$2.48$3.77$2.67$1.10
2018Detailed filing. Detailed filing data is available for this year.$3.24$1.67$1.57$3.05$3.25$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.29$1.52$1.76$3.03$3.48$0.45
2016Detailed filing. Detailed filing data is available for this year.$3.31$1.28$2.03$2.95$2.94$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.40$1.15$2.25$2.70$3.27$0.56
2014Detailed filing. Detailed filing data is available for this year.$3.68$0.77$2.91$2.87$2.98$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.82$2.87$2.80$2.63$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.70$2.56$2.75
2011Summary only. Only limited summary data is available for this year.$3.69$0.80$2.88$2.58$3.20$0.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.35$3.40$3.21