Civic Intelligence

Heartbeat Opera Ltd.

990EZ • Fiscal year 2017 • EIN 47-4122815

Jul 01, 2016 to Jun 30, 2017 • Filed on Jun 13, 2018

Organization ProfileN/A

View Organization Page

804 West 180th StreetNew York, NY 10033

(646) 246-6307

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.00x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

77th percentile

$6,820

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

98th percentile

1155%

Faster asset growth than 98% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

145%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$50,547

Up $46,520 (+1155%) from 2016

Net Assets

Up

$50,547

Up $51,384 (+6139%) from 2016

Liabilities

Down

$0

Down $4,864 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin84th percentile

Revenue

Up

$175,796

Up $103,931 (+145%) from 2016

Expenses

Up

$124,412

Up $51,710 (+71%) from 2016

Net Income

Up

$51,384

Up $52,221 (+6239%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$600K$400K$200K$0-$200KAssets 2016: $4,027Liabilities 2016: $4,864Net Assets 2016: -$8372016Assets 2017: $50,547Liabilities 2017: $0Net Assets 2017: $50,5472017Assets 2018: $75,068Liabilities 2018: $9,491Net Assets 2018: $65,5772018Assets 2019: $101,318Liabilities 2019: $3,090Net Assets 2019: $98,2282019Assets 2020: $214,990Liabilities 2020: $248Net Assets 2020: $214,7422020Assets 2021: $440,241Liabilities 2021: $45,855Net Assets 2021: $394,3862021Assets 2022: $491,262Liabilities 2022: $9,727Net Assets 2022: $481,5352022Assets 2023: $418,934Liabilities 2023: $15,040Net Assets 2023: $403,8942023Assets 2024: $348,278Liabilities 2024: $15,031Net Assets 2024: $333,2472024

Highlighted filing

2017

Assets$50,547
Liabilities$0
Net Assets$50,547
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $71,865Expenses 2016: $72,702Net Income 2016: -$8372016Revenue 2017: $175,796Expenses 2017: $124,412Net Income 2017: $51,3842017Revenue 2018: $248,125Expenses 2018: $233,095Net Income 2018: $15,0302018Revenue 2019: $334,480Expenses 2019: $301,829Net Income 2019: $32,6512019Revenue 2020: $630,570Expenses 2020: $514,056Net Income 2020: $116,5142020Revenue 2021: $613,627Expenses 2021: $433,984Net Income 2021: $179,6432021Revenue 2022: $977,495Expenses 2022: $890,346Net Income 2022: $87,1492022Revenue 2023: $657,521Expenses 2023: $735,162Net Income 2023: -$77,6412023Revenue 2024: $842,777Expenses 2024: $913,424Net Income 2024: -$70,6472024

Highlighted filing

2017

Revenue$175,796
Expenses$124,412
Net Income$51,384
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jun 13, 2018
Return Version
2016v3.0
Gross Receipts
$175,796
Mission and Program Overview

Mission

Grounded in the belief that excellent opera making should build community and radiate beauty, Heartbeat Opera creates incisive adaptations, revelatory arrangements of classics, and interdisciplinary collaboration. We reckon with the harmful aspects of opera's past and pioneer an equitable and inclusive future for our art form, centered in love.

To operate a theatre company that fosters the exploration of the intersection between music and theatre. To nuture the future of opera by celebrating young artists and educating new audiences.

Program Services

DescriptionGrantsExpenses
Heartbeat Opera Spring Festival: Two full theatrical renditions of major works were presented in Manhattan and achieved both a large audience as well as critical acclaim in the press.$72,598-
Queens of the Night: Mozart in Space Benefit: Served as an introduction to our audience, both generous support and ticket sales resulted from this event. The renowned composer's work was honored in a fresh interpretation.$35,276-
The Highline Performance: Invited by The Friends of the Highline Association, Heartbeat was the first opera company to ever perform on New York City's premier outdoor public space in lower Manhattan. The event was offered free of charge and was at capacity.$13,719-
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer NewmanProducing DirectorPT$6,820-$6,820
Louisa ProskePresidentPT$0--
Ethan HeardArtistic DirectorPT$0--
Jacob AshworthSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Heartbeat Opera Ltd
EIN
47-4122815
Phone
6462466307
Address
804 West 180th Street, New York, NY 10033

Signing Officer

Name
Louisa Proske
Title
President
Signed
2018-06-13
Discuss with paid preparer
Yes

Preparer

Firm
Professional Tax Alliance LLC
Address
6565 Spencer St Unit 102A, Las Vegas, NV 89119
Preparer
Richard M Prinzi Jr CPA
Phone
2123713062
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $4335”

Other Expenses.1002

“Office Expenses $3150”

Other Expenses.1005

“Travel $4816”

Other Expenses.1012

“Insurance $1551”

Other Expenses.1

“Job Materials $24114”

Other Expenses.2

“Dues & Subscriptions $1907”

Other Expenses.3

“Filming $1837”

Other Expenses.4

“Bank Fees $862”

Other Expenses.5

“Outside Services $700”

Other Expenses.6

“Taxes $50”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $4864 Accounts Payable and Accrued Expenses - Ending $0”

Raw XML Appendix170 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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IRS990EZ/OtherExpensesTotalAmt043322
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IRS990EZ/ProgramServiceRevenueAmt050221
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt046142
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0193179
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $4335
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $3150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $4816
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1551
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Job Materials $24114
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Dues & Subscriptions $1907
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Filming $1837
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Louisa Proske
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Heartbeat Opera Ltd
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0474122815
ReturnHeader/Filer/PhoneNum06462466307
ReturnHeader/Filer/USAddress/AddressLine1Txt0804 West 180th Street
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010033
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089119
ReturnHeader/PreparerPersonGrp/PhoneNum02123713062
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard M Prinzi Jr CPA
ReturnHeader/ReturnTs02018-06-13T07:36:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$50,547
Liabilities
$0
Net assets
$50,547
Revenue
$175,796
Expenses
$124,412
Net income
$51,384
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.48$0.15$3.33$8.43$9.13$0.71
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.15$4.04$6.58$7.35$0.78
2022Detailed filing. Detailed filing data is available for this year.$4.91$0.10$4.82$9.77$8.90$0.87
2021Detailed filing. Detailed filing data is available for this year.$4.40$0.46$3.94$6.14$4.34$1.80
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$6.31$5.14$1.17
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.98$3.34$3.02$0.33
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.09$0.66$2.48$2.33$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$1.76$1.24$0.51
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.05$0.01$0.72$0.73$0.01