Civic Intelligence

Fargo Moorhead Opera Company

990 • Fiscal year 2021 • EIN 45-0307449

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 08, 2022

21 8th St SFargo, ND 58103

(701) 239-4558

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.35x

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

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.22x

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

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Net Margin

41st percentile

2.5%

Higher net margin than 41% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2021 filings • NTEE A • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

68%

Faster asset growth than 82% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

-18%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • NTEE A • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$271,066

Up $109,866 (+68%) from 2020

Net Assets

Up

$176,455

Up $45,713 (+35%) from 2020

Liabilities

Up

$94,611

Up $64,153 (+211%) from 2020

Revenue

Down

$422,893

Down $94,719 (-18%) from 2020

Expenses

Down

$412,279

Down $33,824 (-7.6%) from 2020

Net Income

Down

$10,614

Down $60,895 (-85%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2012: $43,183Liabilities 2012: $48,264Net Assets 2012: -$5,0812012Assets 2013: $34,086Liabilities 2013: $40,502Net Assets 2013: -$6,4162013Assets 2014: $28,534Liabilities 2014: $44,510Net Assets 2014: -$15,9762014Assets 2015: $37,189Liabilities 2015: $54,432Net Assets 2015: -$17,2432015Assets 2016: $36,475Liabilities 2016: $77,930Net Assets 2016: -$41,4552016Assets 2017: $87,667Liabilities 2017: $27,237Net Assets 2017: $60,4302017Assets 2018: $39,490Liabilities 2018: $71,729Net Assets 2018: -$32,2392018Assets 2019: $88,126Liabilities 2019: $28,893Net Assets 2019: $59,2332019Assets 2020: $161,200Liabilities 2020: $30,458Net Assets 2020: $130,7422020Assets 2021: $271,066Liabilities 2021: $94,611Net Assets 2021: $176,4552021Assets 2022: $294,816Liabilities 2022: $90,807Net Assets 2022: $204,0092022Assets 2023: $191,595Liabilities 2023: $85,268Net Assets 2023: $106,3272023Assets 2024: $126,302Liabilities 2024: $155,168Net Assets 2024: -$28,8662024Assets 2025: $191,572Liabilities 2025: $67,262Net Assets 2025: $124,3102025

Highlighted filing

2021

Assets$271,066
Liabilities$94,611
Net Assets$176,455

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $350,960Expenses 2012: $361,260Net Income 2012: -$10,3002012Revenue 2013: $386,861Expenses 2013: $388,196Net Income 2013: -$1,3352013Revenue 2014: $429,691Expenses 2014: $439,251Net Income 2014: -$9,5602014Revenue 2015: $372,562Expenses 2015: $373,829Net Income 2015: -$1,2672015Revenue 2016: $426,243Expenses 2016: $450,455Net Income 2016: -$24,2122016Revenue 2017: $578,645Expenses 2017: $476,760Net Income 2017: $101,8852017Revenue 2018: $445,176Expenses 2018: $537,845Net Income 2018: -$92,6692018Revenue 2019: $598,424Expenses 2019: $506,952Net Income 2019: $91,4722019Revenue 2020: $517,612Expenses 2020: $446,103Net Income 2020: $71,5092020Revenue 2021: $422,893Expenses 2021: $412,279Net Income 2021: $10,6142021Revenue 2022: $632,093Expenses 2022: $604,539Net Income 2022: $27,5542022Revenue 2023: $536,149Expenses 2023: $633,833Net Income 2023: -$97,6842023Revenue 2024: $443,211Expenses 2024: $578,403Net Income 2024: -$135,1922024Revenue 2025: $477,501Expenses 2025: $324,325Net Income 2025: $153,1762025

Highlighted filing

2021

Revenue$422,893
Expenses$412,279
Net Income$10,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 8, 2022
Return Version
2020v4.1
Gross Receipts
$423,493
Mission and Program Overview

Mission

The mission of the fargo-moorhead opera is to enrich the region with distinctive, exceptional artistic programming that will engage and excite audiences of all ages.

The mission of the fargo moorhead opera is to ignite enthusiasm for opera through brilliant singing and powerful storytelling. We seek to welcome and nurture new and established audiences and to showcase professional artists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$154,915$202,022▲ $47,107
Pledges and Grants Receivable-$60,553-
Land, Buildings, and Equipment, Net$4,150$6,495▲ $2,345
Prepaid Expenses and Deferred Charges$2,135$1,996▼ $139
Total Assets$161,200$271,066▲ $109,866
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,000$73,553▲ $48,553
Accounts Payable and Accrued Expenses$5,458$21,058▲ $15,600
Total Liabilities$30,458$94,611▲ $64,153
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$130,742$176,455▲ $45,713
Total Net Assets Fund Balance$130,742$176,455▲ $45,713
Total Liabilities and Net Assets / Fund Balance$161,200$271,066▲ $109,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,495$20,358-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ted KleimanPresident
Gwen HobergVice President
Carol RogneDirector
Casey BartzDirector
Dan HelmDirector
David ClardyDirector
Doug BarfieldDirector
Hugo SarmientoDirector
James TeiglandDirector
Jill BergDirector
Karin RuddDirector
Ryan MeyerDirector
William RodenDirector
Regina ThielSecretary
Martha MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$285,119
Program Service Revenue
$138,234
Investment Income
$69
Other Revenue
$-529
All Other Contributions
$162,209
Change in Net Assets
$10,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$423,493
Revenue Not Reported on Financial Statements
$-600
Other Revenue Adjustments
$-600
Total Revenue per Audited Statements
$423,493
Total Revenue per Form 990
$422,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,493
Salaries, Compensation, and Employee Benefits$177,786
Total Fundraising Expense$31,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,476$132,406$0$158,882
All Other Expenses$45,466$3,397$19,778$68,641
Fees for Services Other$58,292$0$0$58,292
Occupancy$5,035$22,200$0$27,235
Advertising$0$14,513$11,762$26,275
Other Expenses$0$15,642$0$15,642
Fees for Services Accounting$0$10,180$0$10,180
Payroll Taxes$488$9,612$0$10,100
Office Expenses$0$8,029$0$8,029
Travel$0$7,809$0$7,809
Other Employee Benefits$0$5,168$0$5,168
Pension Plan Contributions$0$3,636$0$3,636
Insurance$0$2,306$0$2,306
Depreciation Depletion$0$1,634$0$1,634
Interest$0$534$0$534
Information Technology$0$485$0$485
Total Functional Expenses$135,757$244,982$31,540$412,279

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$412,879
Total Expenses per Audited Statements$412,879
Total Expenses per Form 990$412,279
Expenses Not Reported on Financial Statements$-600
Other Expense Adjustments$-600
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
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
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
Filing and Contact Details

Filer

Filer Name
Fargo-moorhead Opera Company
EIN
45-0307449
Phone
7012394558
Address
21 8TH ST S, FARGO, ND 58103

Signing Officer

Name
Ted Kleiman
Title
President
Phone
7012394558
Signed
2022-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ted Kleiman
Formed
1968
Legal Domicile
Nd
Voting Board Members
15
Independent Board Members
15
Employees
9
Volunteers
0

Preparer

Firm
JD & Associates Ltd
Address
4225 38th St S Ste 105, Fargo, ND 58104
Preparer
Jeffery S Dahl
Phone
7012327951
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The office manager reviews the form 990 and then presents it to the board at a board meeting for their approval prior to filing with the irs.

Pt VI, Line 19

Made available to the public upon request

Other

Pt ix, line 11g production labor expenses

Form 990, Part IX, Line 24E

Production Expenses 19238. 19238. 0. 0.

Form 990, Part IX, Line 24E

Commissions Decameron Coa 8000. 8000. 0. 0.

Form 990, Part IX, Line 24E

Inkind Expense 38006. 18228. 0. 19778.

Form 990, Part IX, Line 24E

Telephone/Internet 3140. 0. 3140. 0.

Form 990, Part IX, Line 24E

Miscellaneous 257. 0. 257. 0.

Financial Statement Notes

Pt XI, Line 4B

COST OF GOODS SOLD $600

Pt XII, Line 4B

COST OF GOODS SOLD $600

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IRS990/MissionDesc0THE MISSION OF THE FARGO MOORHEAD OPERA IS TO IGNITE ENTHUSIASM FOR OPERA THROUGH BRILLIANT SINGING AND POWERFUL STORYTELLING. WE SEEK TO WELCOME AND NURTURE NEW AND ESTABLISHED AUDIENCES AND TO SHOWCASE PROFESSIONAL ARTISTS.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt073553
IRS990/NetAssetsOrFundBalancesBOYAmt0130742
IRS990/NetAssetsOrFundBalancesEOYAmt0176455
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-529
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-529
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0130742
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0176455
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt037993
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022200
IRS990/OccupancyGrp/ProgramServicesAmt05035
IRS990/OccupancyGrp/TotalAmt027235
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08029
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt08029
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05168
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05168
IRS990/OtherExpensesGrp/Desc0Bank Charges
IRS990/OtherExpensesGrp/Desc1Dues & Subscriptions
IRS990/OtherExpensesGrp/Desc2Newsletter
IRS990/OtherExpensesGrp/Desc3Technology and Maintenanc
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03735
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21572
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt315642
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt03735
IRS990/OtherExpensesGrp/TotalAmt12124
IRS990/OtherExpensesGrp/TotalAmt21572
IRS990/OtherExpensesGrp/TotalAmt315642
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132406
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt026476
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158882
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09612
IRS990/PayrollTaxesGrp/ProgramServicesAmt0488
IRS990/PayrollTaxesGrp/TotalAmt010100
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03636
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt03636
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt060553
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01996
IRS990/PrincipalOfficerNm0TED KLEIMAN
IRS990/PriorPeriodAdjustmentsAmt035099
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/BusinessCd3711110
IRS990/ProgramServiceRevenueGrp/BusinessCd4711110
IRS990/ProgramServiceRevenueGrp/Desc0Gala Ticket Sales
IRS990/ProgramServiceRevenueGrp/Desc1Opera Glass Donations
IRS990/ProgramServiceRevenueGrp/Desc2International Dinners
IRS990/ProgramServiceRevenueGrp/Desc3Miscellaneous Income
IRS990/ProgramServiceRevenueGrp/Desc4Season Ticket Sales
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1116712
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47015
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0296982
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt081
IRS990/PYOtherExpensesAmt0271745
IRS990/PYOtherRevenueAmt09253
IRS990/PYProgramServiceRevenueAmt0211296
IRS990/PYRevenuesLessExpensesAmt071509
IRS990/PYSalariesCompEmpBnftPaidAmt0174358
IRS990/PYTotalExpensesAmt0446103
IRS990/PYTotalRevenueAmt0517612
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010614
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0138303
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0296982
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0335012
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0259506
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0387843
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01564462
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt059
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0382
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0138234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0211796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0234693
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0160182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0155317
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0900222
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt081
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0382
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.92$0.67$1.24$4.78$3.24$1.53
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$1.55$0.29$4.43$5.78$1.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.85$1.06$5.36$6.34$0.98
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$0.91$2.04$6.32$6.05$0.28
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.95$1.76$4.23$4.12$0.11
2020Summary only. Only limited summary data is available for this year.$1.61$0.30$1.31$5.18$4.46$0.72
2019Summary only. Only limited summary data is available for this year.$0.88$0.29$0.59$5.98$5.07$0.91
2018Summary only. Only limited summary data is available for this year.$0.39$0.72$0.32$4.45$5.38$0.93
2017Summary only. Only limited summary data is available for this year.$0.88$0.27$0.60$5.79$4.77$1.02
2016Summary only. Only limited summary data is available for this year.$0.36$0.78$0.41$4.26$4.50$0.24
2015Summary only. Only limited summary data is available for this year.$0.37$0.54$0.17$3.73$3.74$0.01
2014Summary only. Only limited summary data is available for this year.$0.29$0.45$0.16$4.30$4.39$0.10
2013Summary only. Only limited summary data is available for this year.$0.34$0.41$0.06$3.87$3.88$0.01
2012Summary only. Only limited summary data is available for this year.$0.43$0.48$0.05$3.51$3.61$0.10