Civic Intelligence

Des Moines Metro Opera Foundation Inc.

990 • Fiscal year 2017 • EIN 42-1376458

Sep 01, 2016 to Aug 31, 2017 • Filed on Mar 12, 2018

Organization ProfileN/A
106 W Boston AveIndianola, IA 50125-1836

(515) 961-6221

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

51st percentile

4.8%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

92%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$11,329,044

Up $513,872 (+4.8%) from 2016

Net Assets

Up

$11,329,044

Up $513,872 (+4.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin73rd percentile

Revenue

Up

$852,144

Up $408,779 (+92%) from 2016

Expenses

Up

$733,611

Up $225,452 (+44%) from 2016

Net Income

Up

$118,533

Up $183,327 (+283%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$30M$20M$10M$0Assets 2011: $10,286,985Liabilities 2011: $336,902Net Assets 2011: $9,950,0832011Assets 2012: $9,617,047Liabilities 2012: $192,139Net Assets 2012: $9,424,9082012Assets 2013: $9,427,344Liabilities 2013: $98,412Net Assets 2013: $9,328,9322013Assets 2014: $10,333,900Liabilities 2014: $0Net Assets 2014: $10,333,9002014Assets 2015: $10,088,051Liabilities 2015: $0Net Assets 2015: $10,088,0512015Assets 2016: $10,815,172Liabilities 2016: $0Net Assets 2016: $10,815,1722016Assets 2017: $11,329,044Liabilities 2017: $0Net Assets 2017: $11,329,0442017Assets 2018: $12,147,529Liabilities 2018: $0Net Assets 2018: $12,147,5292018Assets 2019: $12,857,081Liabilities 2019: $41,600Net Assets 2019: $12,815,4812019Assets 2020: $16,934,016Liabilities 2020: $194,856Net Assets 2020: $16,739,1602020Assets 2021: $25,535,700Liabilities 2021: $1,831,222Net Assets 2021: $23,704,4782021Assets 2022: $21,471,212Liabilities 2022: $350,000Net Assets 2022: $21,121,2122022Assets 2023: $20,372,560Liabilities 2023: $0Net Assets 2023: $20,372,5602023Assets 2024: $21,769,956Liabilities 2024: $0Net Assets 2024: $21,769,9562024Assets 2025: $21,953,109Liabilities 2025: $0Net Assets 2025: $21,953,1092025

Highlighted filing

2017

Assets$11,329,044
Liabilities$0
Net Assets$11,329,044
Open 2017 Filing

Operations Trend

Revenue Growth92nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,045,181Expenses 2011: $636,933Net Income 2011: $408,2482011Revenue 2012: $371,736Expenses 2012: $885,125Net Income 2012: -$513,3892012Revenue 2013: $18,790Expenses 2013: $584,760Net Income 2013: -$565,9702013Revenue 2014: $295,200Expenses 2014: $574,611Net Income 2014: -$279,4112014Revenue 2015: $618,657Expenses 2015: $509,287Net Income 2015: $109,3702015Revenue 2016: $443,365Expenses 2016: $508,159Net Income 2016: -$64,7942016Revenue 2017: $852,144Expenses 2017: $733,611Net Income 2017: $118,5332017Revenue 2018: $494,641Expenses 2018: $558,707Net Income 2018: -$64,0662018Revenue 2019: $1,357,857Expenses 2019: $664,465Net Income 2019: $693,3922019Revenue 2020: $3,883,726Expenses 2020: $1,207,147Net Income 2020: $2,676,5792020Revenue 2021: $7,887,651Expenses 2021: $1,795,617Net Income 2021: $6,092,0342021Revenue 2022: $2,429,329Expenses 2022: $3,094,023Net Income 2022: -$664,6942022Revenue 2023: $465,787Expenses 2023: $2,626,384Net Income 2023: -$2,160,5972023Revenue 2024: $852,076Expenses 2024: $2,131,053Net Income 2024: -$1,278,9772024Revenue 2025: $1,273,470Expenses 2025: $2,119,673Net Income 2025: -$846,2032025

Highlighted filing

2017

Revenue$852,144
Expenses$733,611
Net Income$118,533
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Mar 12, 2018
Return Version
2016v3.0
Gross Receipts
$1,106,448
Mission and Program Overview

Mission

To support the operations of the des moines metro opera, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,463,787$10,903,215▲ $439,428
Savings and Temporary Cash Investments$146,399$235,404▲ $89,005
Investments Other Securities$159,570$165,292▲ $5,722
Accounts Receivable$29,416$25,133▼ $4,283
Other Notes and Loans Receivable, Net$16,000$0▼ $16,000
Total Assets$10,815,172$11,329,044▲ $513,872
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$9,651,149$10,308,097▲ $656,948
Temporarily Rstr Net Assets$964,023$820,947▼ $143,076
Permanently Rstr Net Assets$200,000$200,000→ $0
Total Net Assets Fund Balance$10,815,172$11,329,044▲ $513,872
Total Liabilities and Net Assets / Fund Balance$10,815,172$11,329,044▲ $513,872

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$10,610,776$0▲ $1,110,015-$11,135,798
2015$9,896,590$175,000▲ $1,040,478-$10,610,776
2014$10,106,941$183,000▲ $108,191-$9,896,590
2013$9,071,168$129,095▲ $1,519,307-$10,106,941
2012$9,058,962$233,747▲ $395,892-$9,071,168
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Adrienne McfarlandPresident
Craig ShadurPresident-elect
Dr Bruce HughestruSTEE
Harry BookeyTrusteE
Jim BerensTrustee
John SchmidtTrustee
Nancy MainTrustEE
Susan VossTrustee
Tom McklveenTrustee
William LozierTrustee
Barbara CappaertSecretary
Denise WielandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,708
Program Service Revenue
$0
Investment Income
$720,436
Other Revenue
$0
All Other Contributions
$131,708
Change in Net Assets
$118,533

Audited Revenue Reconciliation

Revenue per Audited Statements
$852,144
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$395,339
Total Revenue per Audited Statements
$1,247,483
Total Revenue per Form 990
$852,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$695,000
Other Expenses$38,611
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$695,000--$695,000
Fees for Service Investment Mgmnt Fees-$30,710-$30,710
Fees for Services Accounting-$7,901-$7,901
Total Functional Expenses$695,000$38,611$0$733,611

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$733,611
Total Expenses per Audited Statements$733,611
Total Expenses per Form 990$733,611
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Des Moines Metro Opera IncIndianola, IA501(c)(3)Primary Purpose of Foundation$570,000
Simpson CollegeIndianola, IA501(c)(3)Theatre Stage Improvements$125,000
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
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Part VI, Section A, line 4

“The Foundation's bylaws were amended during the year. One of the amendments was to modify the section on trustee compensation to disallow any such compensation to trustees. OTHER AMENDMENTS TO THE BYLAWS CLARIFIED AND UPDATED OTHER GOVERNANCE MATTERS.”

Form 990, Part VI, Section A, line 7A

“Des Moines Metro Opera, Inc., a related party, has the ability to appoint members to the foundation's board of trustees.”

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

“The organization's form 990 is reviewed by a committee of board members with appropriate knowledge and experience, who communicates questions to the paid preparer, resolves any questions and then reports to the board with their recommendation of approval.”

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

“Board members are requested to regularly sign a conflict of interest policy statement, disclosing related interest or lack thereof.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request at their office.”

Filing and Contact Details

Filer

Filer Name
Des Moines Metro Opera Foundation Inc
EIN
42-1376458
Phone
5159616221
Address
106 W Boston Ave, Indianola, IA 50125-1836

Signing Officer

Name
Denise Wieland
Title
Treasurer
Phone
5159616221
Signed
2018-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Wieland
Formed
1991
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Denman & Company LLP
Address
1601 22nd Street Suite 400, West Des Moines, IA 50266-1453
Preparer
James J Hingtgen
Phone
5152258400
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“The endowment funds are held to provide income to be used for the support of the des moines metro opera, inc.”

Part X, Line 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability or asset for an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has evaluated their material tax positions and determined there are no uncertain positions taken or expected to be taken that would require recognition of a liability or asset or disclosures in the financial statements.”

Raw XML AppendixShowing 400 of 502 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.

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IRS990/PYTotalRevenueAmt0443365
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0118533
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0146399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0235404
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0237319903
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0570000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DES MOINES METRO OPERA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0570000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.90800
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt014993
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt010610776
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt011135798
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0570000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01110015
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt031292
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt09896590
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0175000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt010610776
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0470000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01040478
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt031542
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010106941
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0183000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt09896590
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0470000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0108191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt079482
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt09071168
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0129095
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010106941
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0533147
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01519307
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt052629
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt09058962
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0233747
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt09071168
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0564804
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0395892
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0733611
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0395339
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.01800
IRS990ScheduleD/RevenueNotReportedAmt0395339
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0852144
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE HELD TO PROVIDE INCOME TO BE USED FOR THE SUPPORT OF THE DES MOINES METRO OPERA, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY OR ASSET FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURES IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.07400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0733611
IRS990ScheduleD/TotalRevenuePerForm990Amt0852144
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01247483
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0733611
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0570000
IRS990ScheduleI/RecipientTable/CashGrantAmt1125000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PRIMARY PURPOSE OF FOUNDATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1THEATRE STAGE IMPROVEMENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DES MOINES METRO OPERA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SIMPSON COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0237319903
IRS990ScheduleI/RecipientTable/RecipientEIN1420680389
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0106 W BOSTON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1701 N C STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANOLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1INDIANOLA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050125
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd150125
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION SUPPORTS THE GENERAL OPERATIONS OF THE DES MOINES METRO OPERA, INC. THE ANNUAL AMOUNT OF SUPPORT IS DETERMINED BY THE BOARD OF TRUSTEES OF THE FOUNDATION. GRANTS TO ORGANIZATIONS OTHER THAN THE DES MOINES METRO OPERA, INC. ARE APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Foundation's bylaws were amended during the year. One of the amendments was to modify the section on trustee compensation to disallow any such compensation to trustees. OTHER AMENDMENTS TO THE BYLAWS CLARIFIED AND UPDATED OTHER GOVERNANCE MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Des Moines Metro Opera, Inc., a related party, has the ability to appoint members to the foundation's board of trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS REVIEWED BY A COMMITTEE OF BOARD MEMBERS WITH APPROPRIATE KNOWLEDGE AND EXPERIENCE, WHO COMMUNICATES QUESTIONS TO THE PAID PREPARER, RESOLVES ANY QUESTIONS AND THEN REPORTS TO THE BOARD WITH THEIR RECOMMENDATION OF APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUESTED TO REGULARLY SIGN A CONFLICT OF INTEREST POLICY STATEMENT, DISCLOSING RELATED INTEREST OR LACK THEREOF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT THEIR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DES MOINES METRO OPERA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237319903
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0106 W BOSTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANOLA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050125
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,329,044
Liabilities
$0
Net assets
$11,329,044
Revenue
$852,144
Expenses
$733,611
Net income
$118,533
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.0$0.00$22.0$1.27$2.12$0.85
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.00$21.8$0.85$2.13$1.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$0.00$20.4$0.47$2.63$2.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.5$0.35$21.1$2.43$3.09$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$1.83$23.7$7.89$1.80$6.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$0.19$16.7$3.88$1.21$2.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$0.04$12.8$1.36$0.66$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.00$12.1$0.49$0.56$0.06
2017Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$0.85$0.73$0.12
2016Summary only. Only limited summary data is available for this year.$10.8$0.00$10.8$0.44$0.51$0.06
2015Summary only. Only limited summary data is available for this year.$10.1$0.00$10.1$0.62$0.51$0.11
2014Summary only. Only limited summary data is available for this year.$10.3$0.00$10.3$0.30$0.57$0.28
2013Summary only. Only limited summary data is available for this year.$9.43$0.10$9.33$0.02$0.58$0.57
2012Summary only. Only limited summary data is available for this year.$9.62$0.19$9.42$0.37$0.89$0.51
2011Summary only. Only limited summary data is available for this year.$10.3$0.34$9.95$1.05$0.64$0.41
Peer Organizations

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