Civic Intelligence

Odyssey Opera of Boston Inc

EIN 46-2717193 • 501(c)3 • Malden, MA

Profile

To present Opera and support opera and musical arts activities and education.

376 Washington StreetMalden, MA 02148
Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$287,068

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 40.6% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

11th percentile

-28%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

116%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$264,861

Down $101,820 (-28%) from 2023

Liabilities

Down

$26,495

Down $180,929 (-87%) from 2023

Net Assets

Up

$238,366

Up $79,109 (+50%) from 2023

Revenue

Up

$707,262

Up $379,500 (+116%) from 2023

Expenses

Up

$628,150

Up $73,656 (+13%) from 2023

Net Income

Up

$79,112

Up $305,844 (+135%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $81,721Liabilities 2013: $4,3022013Assets 2014: $53,375Liabilities 2014: $2,157Net Assets 2014: $51,2182014Assets 2015: $13,424Liabilities 2015: $1,669Net Assets 2015: $11,7552015Assets 2016: $17,268Liabilities 2016: $1,743Net Assets 2016: $15,5252016Assets 2018: $32,756Liabilities 2018: $2,261Net Assets 2018: $30,4952018Assets 2019: $21,234Liabilities 2019: $6,345Net Assets 2019: $14,8902019Assets 2020: $261,280Liabilities 2020: $56,532Net Assets 2020: $204,7482020Assets 2021: $124,356Liabilities 2021: $54,618Net Assets 2021: $69,7382021Assets 2022: $320,395Liabilities 2022: $27,102Net Assets 2022: $293,2932022Assets 2023: $366,681Liabilities 2023: $207,424Net Assets 2023: $159,2572023Assets 2024: $264,861Liabilities 2024: $26,495Net Assets 2024: $238,3662024

Highlighted filing

2024

Assets$264,861
Liabilities$26,495
Net Assets$238,366

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2013: $93,350Expenses 2013: $15,932Net Income 2013: $77,4182013Revenue 2014: $942,936Expenses 2014: $969,136Net Income 2014: -$26,2002014Revenue 2015: $1,548,318Expenses 2015: $1,587,780Net Income 2015: -$39,4622015Revenue 2016: $992,981Expenses 2016: $989,211Net Income 2016: $3,7702016Revenue 2018: $1,534,038Expenses 2018: $1,508,897Net Income 2018: $25,1412018Revenue 2019: $1,695,656Expenses 2019: $1,711,261Net Income 2019: -$15,6052019Revenue 2020: $1,875,203Expenses 2020: $1,635,912Net Income 2020: $239,2912020Revenue 2021: $314,805Expenses 2021: $493,898Net Income 2021: -$179,0932021Revenue 2022: $516,084Expenses 2022: $319,917Net Income 2022: $196,1672022Revenue 2023: $327,762Expenses 2023: $554,494Net Income 2023: -$226,7322023Revenue 2024: $707,262Expenses 2024: $628,150Net Income 2024: $79,1122024

Highlighted filing

2024

Revenue$707,262
Expenses$628,150
Net Income$79,112

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$707,262
Mission and Program Overview

Mission

To present Opera and support opera and musical arts, activities and education. Odyssey Opera's 2019-2020 season presents six operas dedicated to the famous Tudor Dynasty.

To present live opera perfomances and support opera and musical arts activities and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$37,842-
Cash and Non-Interest-Bearing Accounts$237,467$12,150▼ $225,317
Pledges and Grants Receivable$107,500$11,668▼ $95,832
Total Assets$366,680$264,861▼ $101,819
Other Assets Total$21,713$203,201▲ $181,488
Liabilities
Other Liabilities$181,608$18,192▼ $163,416
Accounts Payable and Accrued Expenses$25,818$8,303▼ $17,515
Total Liabilities$207,426$26,495▼ $180,931
Net Assets / Fund Balance
Net Assets With Donor Restrictions$165,582$345,137▲ $179,555
Net Assets Without Donor Restrictions$-6,328$-106,771▼ $100,443
Total Net Assets Fund Balance$159,254$238,366▲ $79,112
Total Liabilities and Net Assets / Fund Balance$366,680$264,861▼ $101,819

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gilbert RosePresidentFT$106,167$180,901$106,167

Board Members and Trustees

NameTitle
Sam BruskinSecretary
Sam Mawn-mahlauTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$692,682
Program Service Revenue
$4,265
Investment Income
$17
Other Revenue
$10,298
All Other Contributions
$692,682
Change in Net Assets
$79,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$510,222
Salaries, Compensation, and Employee Benefits$117,928
Total Fundraising Expense$22,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$106,167-$106,167
Occupancy$73,752--$73,752
Fees for Services Management-$63,000-$63,000
Advertising$5,400-$15,493$20,893
Travel$19,734$316-$20,050
Fees for Services Accounting-$14,810-$14,810
All Other Expenses$12,878$689$954$14,521
Other Expenses$13,629--$13,629
Office Expenses$4,715$1,477$6,020$12,212
Payroll Taxes-$8,169-$8,169
Other Salaries and Wages-$2,941-$2,941
Insurance-$2,377-$2,377
Other Employee Benefits-$651-$651
Total Functional Expenses$405,086$200,597$22,467$628,150
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
Ertc Liability$16,334
Payroll Liabilities$1,858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
No
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

Governance Explanations

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

The organization's president and general manager review the 990 with the entire board prior to filing the return.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request. Form 990 is available on guidestar.org as well as from the ma attorney general's website along with the organization's financial statements.

Filing and Contact Details

Filer

Filer Name
Odyssey Opera of Boston Inc
EIN
46-2717193
Phone
6178261626
Address
376 WASHINGTON STREET, MALDEN, MA 02148

Signing Officer

Name
Gilbert Rose
Title
President
Phone
6178261626
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gilbert Rose
Formed
2013
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
2
Employees
3

Preparer

Firm
Ruane & Company Llp
Address
105 CENTRAL STREET SUITE 1200, STONEHAM, MA 02180
Preparer
Thomas M Ruane CPA
Phone
7816430090
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 1

The organization has changed its accounting method from cash basis to accrual basis to align with its financial statements.

Raw XML Appendix372 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PRESIDENT AND GENERAL MANAGER REVIEW THE 990 WITH THE ENTIRE BOARD PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AS WELL AS FROM THE MA ATTORNEY GENERAL'S WEBSITE ALONG WITH THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS CHANGED ITS ACCOUNTING METHOD FROM CASH BASIS TO ACCRUAL BASIS TO ALIGN WITH ITS FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 12, PART XII, LINE 1
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0GILBERT ROSE
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ODYSSEY OPERA OF BOSTON INC
ReturnHeader/Filer/BusinessNameControlTxt0ODYS
ReturnHeader/Filer/EIN0462717193
ReturnHeader/Filer/PhoneNum06178261626
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ReturnHeader/Filer/USAddress/CityNm0MALDEN
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320344584
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUANE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 CENTRAL STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STONEHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum07816430090
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M RUANE CPA
ReturnHeader/ReturnTs02025-05-14T10:32:40-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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