Civic Intelligence

Cedar Rapids Opera Theatre

EIN 42-1476568 • 501(c)3 • Cedar Rapids, IA

Profile

The mission of the cedar rapids opera theatre is to advance opera as a vital, living american art form and to develop the artists who create it, as well as the audience that appreciates and supports it.

425 2nd Street SE Ste 960Cedar Rapids, IA 52401

www.cropera.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.44x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

34th percentile

-6.8%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-53%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Revenue Growth

46th percentile

-4.3%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2025

Assets

Down

$101,138

Down $47,992 (-32%) from 2024

Liabilities

Down

$44,558

Down $17,442 (-28%) from 2024

Net Assets

Down

$56,580

Down $30,550 (-35%) from 2024

Revenue

Down

$450,651

Down $138,124 (-23%) from 2024

Expenses

Down

$481,201

Down $175,774 (-27%) from 2024

Net Income

Up

-$30,550

Up $37,650 (+55%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2011: $8,375Liabilities 2011: $53,947Net Assets 2011: -$45,5722011Assets 2012: $12,865Liabilities 2012: $65,641Net Assets 2012: -$52,7762012Assets 2013: $22,514Liabilities 2013: $16,550Net Assets 2013: $5,9642013Assets 2014: $30,641Liabilities 2014: $42,763Net Assets 2014: -$12,1222014Assets 2015: $28,642Liabilities 2015: $19,865Net Assets 2015: $8,7772015Assets 2016: $91,101Liabilities 2016: $33,874Net Assets 2016: $57,2272016Assets 2017: $98,246Liabilities 2017: $126,816Net Assets 2017: -$28,5702017Assets 2018: $47,689Liabilities 2018: $130,248Net Assets 2018: -$82,5592018Assets 2019: $20,085Liabilities 2019: $56,615Net Assets 2019: -$36,5302019Assets 2020: $26,114Liabilities 2020: $20,089Net Assets 2020: $6,0252020Assets 2021: $144,760Liabilities 2021: $17,970Net Assets 2021: $126,7902021Assets 2022: $166,372Liabilities 2022: $37,642Net Assets 2022: $128,7302022Assets 2023: $457,917Liabilities 2023: $302,587Net Assets 2023: $155,3302023Assets 2024: $149,130Liabilities 2024: $62,000Net Assets 2024: $87,1302024Assets 2025: $101,138Liabilities 2025: $44,558Net Assets 2025: $56,5802025

Highlighted filing

2025

Assets$101,138
Liabilities$44,558
Net Assets$56,580

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $317,9912011Revenue 2012: $283,330Expenses 2012: $290,534Net Income 2012: -$7,2042012Revenue 2013: $329,194Expenses 2013: $270,454Net Income 2013: $58,7402013Revenue 2014: $309,290Expenses 2014: $327,376Net Income 2014: -$18,0862014Revenue 2015: $355,647Expenses 2015: $334,748Net Income 2015: $20,8992015Revenue 2016: $416,488Expenses 2016: $368,038Net Income 2016: $48,4502016Revenue 2017: $306,668Expenses 2017: $392,465Net Income 2017: -$85,7972017Revenue 2018: $432,785Expenses 2018: $486,774Net Income 2018: -$53,9892018Revenue 2019: $390,976Expenses 2019: $344,947Net Income 2019: $46,0292019Revenue 2020: $338,076Expenses 2020: $295,521Net Income 2020: $42,5552020Revenue 2021: $305,349Expenses 2021: $184,584Net Income 2021: $120,7652021Revenue 2022: $386,856Expenses 2022: $384,916Net Income 2022: $1,9402022Revenue 2023: $491,555Expenses 2023: $464,955Net Income 2023: $26,6002023Revenue 2024: $588,775Expenses 2024: $656,975Net Income 2024: -$68,2002024Revenue 2025: $450,651Expenses 2025: $481,201Net Income 2025: -$30,5502025

Highlighted filing

2025

Revenue$450,651
Expenses$481,201
Net Income-$30,550

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.45$0.57$4.51$4.81$0.31
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.62$0.87$5.89$6.57$0.68
2023Detailed filing. Detailed filing data is available for this year.$4.58$3.03$1.55$4.92$4.65$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.38$1.29$3.87$3.85$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.18$1.27$3.05$1.85$1.21
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.20$0.06$3.38$2.96$0.43
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.57$0.37$3.91$3.45$0.46
2018Detailed filing. Detailed filing data is available for this year.$0.48$1.30$0.83$4.33$4.87$0.54
2017Detailed filing. Detailed filing data is available for this year.$0.98$1.27$0.29$3.07$3.92$0.86
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.34$0.57$4.16$3.68$0.48
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.20$0.09$3.56$3.35$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.43$0.12$3.09$3.27$0.18
2013Summary only. Only limited summary data is available for this year.$0.23$0.17$0.06$3.29$2.70$0.59
2012Summary only. Only limited summary data is available for this year.$0.13$0.66$0.53$2.83$2.91$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.54$0.46$3.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Nov 21, 2025
Return Version
2024v5.0
Gross Receipts
$450,651
Mission and Program Overview

Mission

Mission of the cedar rapids opera theatre is to advance opera as a vital, living american art form and to develop the artists who create it, as well as the audience that appreciates and supports it.

The mission of the cedar rapids opera theatre is to advance opera as a vital, living american art form and to develop the artists who create it, as well as the audience that appreciates and supports it.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$85,981--
Cash and Non-Interest-Bearing Accounts$26,490$71,609▲ $45,119
Rtn Earn Endowment Incm Other Fnds$87,130$56,580▼ $30,550
Prepaid Expenses and Deferred Charges$17,220$15,787▼ $1,433
Land, Buildings, and Equipment, Net$19,239$13,742▼ $5,497
Accounts Receivable$200--
Total Assets$149,130$101,138▼ $47,992
Liabilities
Deferred Revenue$40,993$41,808▲ $815
Other Liabilities$8,885$2,039▼ $6,846
Accounts Payable and Accrued Expenses$12,122$711▼ $11,411
Total Liabilities$62,000$44,558▼ $17,442
Net Assets / Fund Balance
Total Net Assets Fund Balance$87,130$56,580▼ $30,550
Total Liabilities and Net Assets / Fund Balance$149,130$101,138▼ $47,992

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,742$40,437$54,179
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thaddeus EnnenEx Officio BFT$66,090$66,090
Daniel KleinknechtEx Offcio BoPT$37,672$37,672
Chad SonkaBoard Member-$1,500$1,500
Abigail RethwischVice Preside-$1,000$1,000

Board Members and Trustees

NameTitle
Joni WallacePresident
Adam KaefringBoard Member
Cecilia RokusekBoard Member
David ChadimaBoard Member
David SwaneyBoard Member
Martha BrownBoard Member
Mike ThomeBoard Member
Troy ReinekeBoard Member
David CavesPast Preside
Virginia MichalicekSecretary
Scot BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$339,975
Program Service Revenue
$83,925
Investment Income
$3,168
Other Revenue
$23,583
All Other Contributions
$325,298
Change in Net Assets
$-30,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,068
Salaries, Compensation, and Employee Benefits$146,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$67,550--$67,550
Other Salaries and Wages$39,899$15,876-$55,775
All Other Expenses$41,452--$41,452
Advertising$34,527--$34,527
Other Expenses$26,833--$26,833
Office Expenses-$19,624-$19,624
Other Employee Benefits$13,306--$13,306
Payroll Taxes$9,502--$9,502
Occupancy-$6,000-$6,000
Depreciation Depletion$5,497--$5,497
Travel$3,600--$3,600
Royalties$2,562--$2,562
Total Functional Expenses$439,701$41,500$0$481,201
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$2,039
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
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, Page 6, Part VI, Line 11B

The 990 is presented to the executive committee for review and approval. The 990 is made available to all board members prior to filing with the irs.

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

Board members certify he/she will not engage in obtaining vendor or donor lists from the organization for purposes of conducting business other than that directly related to the organization. Any affiliation with a vendor of the organization is disclosed, and any affected board members do not participate in decision making related to the affiliated entity.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Cedar Rapids Opera Theatre
EIN
42-1476568
Phone
3193657401
Address
425 2ND STREET SE STE 960, CEDAR RAPIDS, IA 52401

Signing Officer

Name
Scot Brown
Title
Treasurer
Phone
3193657401
Signed
2025-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joni Wallace
Formed
1998
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
36

Preparer

Firm
Lattaharris Llp
Address
3037 CENTER POINT RD NE, CEDAR RAPIDS, IA 52402
Preparer
Christopher Overturf
Phone
3193662163
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IRS990/MissionDesc0THE MISSION OF THE CEDAR RAPIDS OPERA THEATRE IS TO ADVANCE OPERA AS A VITAL, LIVING AMERICAN ART FORM AND TO DEVELOP THE ARTISTS WHO CREATE IT, AS WELL AS THE AUDIENCE THAT APPRECIATES AND SUPPORTS IT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS CERTIFY HE/SHE WILL NOT ENGAGE IN OBTAINING VENDOR OR DONOR LISTS FROM THE ORGANIZATION FOR PURPOSES OF CONDUCTING BUSINESS OTHER THAN THAT DIRECTLY RELATED TO THE ORGANIZATION. ANY AFFILIATION WITH A VENDOR OF THE ORGANIZATION IS DISCLOSED, AND ANY AFFECTED BOARD MEMBERS DO NOT PARTICIPATE IN DECISION MAKING RELATED TO THE AFFILIATED ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0481201
IRS990/TotalGrossUBIAmt00

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