Civic Intelligence

Anchorage Opera Company

990 • Fiscal year 2014 • EIN 51-0175124

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

1507 Spar Avenue99501

(907) 279-2557

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$127,583

Flat from 2014

Net Assets

Flat

-$199,106

Flat from 2014

Liabilities

Flat

$326,689

Flat from 2014

Revenue And Expenses

Revenue

Flat

$900,249

Flat from 2014

Expenses

Flat

$786,735

Flat from 2014

Net Income

Flat

$113,514

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2012: $185,907Liabilities 2012: $533,643Net Assets 2012: -$347,7362012Assets 2013: $140,241Liabilities 2013: $452,861Net Assets 2013: -$312,6202013Assets 2014: $127,583Liabilities 2014: $326,689Net Assets 2014: -$199,1062014Assets 2014: $127,583Liabilities 2014: $326,689Net Assets 2014: -$199,1062014Assets 2015: $393,013Liabilities 2015: $275,528Net Assets 2015: $117,4852015Assets 2016: $374,557Liabilities 2016: $91,529Net Assets 2016: $283,0282016Assets 2017: $219,915Liabilities 2017: $27,931Net Assets 2017: $191,9842017Assets 2018: $264,257Liabilities 2018: $27,793Net Assets 2018: $236,4642018Assets 2019: $243,050Liabilities 2019: $35,316Net Assets 2019: $207,7342019Assets 2020: $281,159Liabilities 2020: $40,656Net Assets 2020: $240,5032020Assets 2021: $402,930Liabilities 2021: $28,300Net Assets 2021: $374,6302021Assets 2022: $424,330Liabilities 2022: $30,831Net Assets 2022: $393,4992022Assets 2023: $388,562Liabilities 2023: $24,768Net Assets 2023: $363,7942023Assets 2024: $231,184Liabilities 2024: $45,584Net Assets 2024: $185,6002024

Highlighted filing

2014

Assets$127,583
Liabilities$326,689
Net Assets-$199,106

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $827,402Expenses 2012: $934,228Net Income 2012: -$106,8262012Revenue 2013: $809,935Expenses 2013: $774,819Net Income 2013: $35,1162013Revenue 2014: $900,249Expenses 2014: $786,735Net Income 2014: $113,5142014Revenue 2014: $900,249Expenses 2014: $786,735Net Income 2014: $113,5142014Revenue 2015: $970,830Expenses 2015: $681,448Net Income 2015: $289,3822015Revenue 2016: $996,712Expenses 2016: $818,868Net Income 2016: $177,8442016Revenue 2017: $829,030Expenses 2017: $855,749Net Income 2017: -$26,7192017Revenue 2018: $775,432Expenses 2018: $770,952Net Income 2018: $4,4802018Revenue 2019: $757,126Expenses 2019: $774,856Net Income 2019: -$17,7302019Revenue 2020: $642,825Expenses 2020: $593,056Net Income 2020: $49,7692020Revenue 2021: $446,414Expenses 2021: $330,287Net Income 2021: $116,1272021Revenue 2022: $648,106Expenses 2022: $671,074Net Income 2022: -$22,9682022Revenue 2023: $895,627Expenses 2023: $925,332Net Income 2023: -$29,7052023Revenue 2024: $769,405Expenses 2024: $947,599Net Income 2024: -$178,1942024

Highlighted filing

2014

Revenue$900,249
Expenses$786,735
Net Income$113,514
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,875,194
Mission and Program Overview

Mission

Anchorage opera is the center of the artistic creation, innovation and education through the presentation of opera and related events encouraging public collaboration and community engagement for the people of the state of alaska.

Anchorage Opera is the center of artistic creation, innovation and education through the presentation of opera and related events encouraging public collaboration and community engagement for the people of the State of Alaska.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$101,960$85,210▼ $16,750
Loans From Officers Directors$255,000$60,000▼ $195,000
Savings and Temporary Cash Investments-$29,516-
Cash and Non-Interest-Bearing Accounts$37,594$12,257▼ $25,337
Accounts Receivable-$600-
Prepaid Expenses and Deferred Charges$500$0▼ $500
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$140,241$127,583▼ $12,658
Other Assets Total$187$0▼ $187
Liabilities
Deferred Revenue$139,908$140,543▲ $635
Accounts Payable and Accrued Expenses$56,634$66,990▲ $10,356
Other Liabilities-$57,909-
Unsecured Notes Loans Payable$1,319$1,247▼ $72
Total Liabilities$452,861$326,689▼ $126,172
Net Assets / Fund Balance
Temporarily Rstr Net Assets$75,366$75,366→ $0
Permanently Rstr Net Assets$13,854$13,854→ $0
Unrestricted Net Assets$-401,840$-288,326▲ $113,514
Total Net Assets Fund Balance$-312,620$-199,106▲ $113,514
Total Liabilities and Net Assets / Fund Balance$140,241$127,583▼ $12,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$166,169-$166,169
Equipment$86,377-$86,377
Land$70,000-$70,000
Other Land Buildings$-237,336$237,336-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin PattersonExecutive DirectorFT$96,429$96,429

Board Members and Trustees

NameTitle
Dr Donald EndresPresident
Michael MooreVice President
Alexandra SonnebornBoard Member
Carol FraserBoard Member
Celeste CohenBoard Member
Dr Jeanne BonarBoard Member
Dr KC KaltenbornBoard Member
Dr Sharon SmithBoard Member
John BradenBoard Member
Julie GuerardBoard Member
Karen R HansenBoard Member
Lynn ShaverBoard Member
Robert BraccoBoard Member
Lisa MaurerSecretary
Peter RiccaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$560,266
Program Service Revenue
$185,440
Investment Income
$6
Other Revenue
$154,537
All Other Contributions
$552,366
Change in Net Assets
$113,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$931,808
Revenue Not Reported on Financial Statements
$-31,559
Revenue Not Reported on Form 990
$58,417
Other Revenue Adjustments
$-31,559
Total Revenue per Audited Statements
$990,225
Total Revenue per Form 990
$900,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$620,261
Salaries, Compensation, and Employee Benefits$166,474
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$70,192$30,082-$100,274
Advertising$57,753$2,890-$60,643
All Other Expenses$18,110$19,735-$37,845
Other Salaries and Wages-$36,460-$36,460
Payroll Taxes$16,982$7,279-$24,261
Office Expenses$15,086$8,436-$23,522
Other Expenses$15,864$6,799-$22,663
Depreciation Depletion-$13,750-$13,750
Insurance$8,122$3,481-$11,603
Occupancy$9,410$307-$9,717
Interest-$9,142-$9,142
Other Employee Benefits$2,330$998-$3,328
Pension Plan Contributions$1,506$645-$2,151
Fees for Services Accounting$1,000--$1,000
Total Functional Expenses$583,473$203,262$0$786,735

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$845,152
Expenses per Audited Statements$786,735
Total Expenses per Form 990$786,735
Expenses Not Reported on Form 990$58,417
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$995,983
Gaming Direct Expenses$943,386
Fundraising Gross Income$63,102
Fundraising Direct Expenses$31,559
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$45,630$45,630$15,586$30,044
Event 2$17,472$17,472$1,666$15,806
Total Events$63,102$63,102$31,559$31,543
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Laura KoenigSpouce of VPOrchestra MemberNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$255,000$60,000▼ $195,000
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
1st National Bank$57,908
Rounding$1
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 11B: Form 990 Review Process

990 is presented to the finance and Executive Committees. Accepted for recommendation to the full board for approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Policy is monitored and enforced as conflicts arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board Researches salary options. When the executive director was hired, the opera contracted someone to fill the position and help with negotiations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

EIN
51-0175124
Phone
9072792557

Signing Officer

Name
Reed Smith
Title
General Director
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reed Smith
Formed
1962
Legal Domicile
Ak
Voting Board Members
15
Independent Board Members
0
Employees
73
Volunteers
30

Preparer

Preparer
Tom J Domagala CPA
Phone
9072742992
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

To further the exempt purpose of the Anchorage Opera Company.

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IRS990/FundraisingGrossIncomeAmt063102
IRS990/GamingActivitiesInd0true
IRS990/GamingDirectExpensesAmt0943386
IRS990/GamingGrossIncomeAmt0995983
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt07900
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01875194
IRS990/GrossRentsGrp/RealAmt03916
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03481
IRS990/InsuranceGrp/ProgramServicesAmt08122
IRS990/InsuranceGrp/TotalAmt011603
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt09142
IRS990/InterestGrp/TotalAmt09142
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt06
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0237336
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0101960
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085210
IRS990/LandBldgEquipCostOrOtherBssAmt0322546
IRS990/LegalDomicileStateCd0AK
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0255000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt060000
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Anchorage Opera is the center of artistic creation, innovation and education through the presentation of opera and related events encouraging public collaboration and community engagement for the people of the State of Alaska.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-312620
IRS990/NetAssetsOrFundBalancesEOYAmt0-199106
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt031543
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt052597
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt052597
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03916
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03916
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0307
IRS990/OccupancyGrp/ProgramServicesAmt09410
IRS990/OccupancyGrp/TotalAmt09717
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08436
IRS990/OfficeExpensesGrp/ProgramServicesAmt015086
IRS990/OfficeExpensesGrp/TotalAmt023522
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0187
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0998
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02330
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03328
IRS990/OtherExpensesGrp/Desc0Contract Labor
IRS990/OtherExpensesGrp/Desc1Production Materials
IRS990/OtherExpensesGrp/Desc2Theater Expense
IRS990/OtherExpensesGrp/Desc3Recruitment Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt063258
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16799
IRS990/OtherExpensesGrp/ProgramServicesAmt0302705
IRS990/OtherExpensesGrp/ProgramServicesAmt140165
IRS990/OtherExpensesGrp/ProgramServicesAmt224248
IRS990/OtherExpensesGrp/ProgramServicesAmt315864
IRS990/OtherExpensesGrp/TotalAmt0365963
IRS990/OtherExpensesGrp/TotalAmt140165
IRS990/OtherExpensesGrp/TotalAmt224248
IRS990/OtherExpensesGrp/TotalAmt322663
IRS990/OtherLiabilitiesGrp/EOYAmt057909
IRS990/OtherRevenueMiscGrp/BusinessCd0711190
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt066481
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt066481
IRS990/OtherRevenueTotalAmt066481
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036460
IRS990/OtherSalariesAndWagesGrp/TotalAmt036460
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07279
IRS990/PayrollTaxesGrp/ProgramServicesAmt016982
IRS990/PayrollTaxesGrp/TotalAmt024261
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0645
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01506
IRS990/PensionPlanContributionsGrp/TotalAmt02151
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt013854
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt013854
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Reed Smith
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/Desc0Contract Income
IRS990/ProgramServiceRevenueGrp/Desc1Ticket Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1178740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1178740
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0459353
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt084
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0446087
IRS990/PYOtherRevenueAmt081293
IRS990/PYProgramServiceRevenueAmt0269205
IRS990/PYRevenuesLessExpensesAmt035116
IRS990/PYSalariesCompEmpBnftPaidAmt0328732
IRS990/PYTotalExpensesAmt0774819
IRS990/PYTotalRevenueAmt0809935
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0113514
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03916
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0185440
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029516
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0560266
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0459353
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0331510

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.46$1.86$7.69$9.48$1.78
2023Detailed filing. Detailed filing data is available for this year.$3.89$0.25$3.64$8.96$9.25$0.30
2022Detailed filing. Detailed filing data is available for this year.$4.24$0.31$3.93$6.48$6.71$0.23
2021Detailed filing. Detailed filing data is available for this year.$4.03$0.28$3.75$4.46$3.30$1.16
2020Detailed filing. Detailed filing data is available for this year.$2.81$0.41$2.41$6.43$5.93$0.50
2019Detailed filing. Detailed filing data is available for this year.$2.43$0.35$2.08$7.57$7.75$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.64$0.28$2.36$7.75$7.71$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.20$0.28$1.92$8.29$8.56$0.27
2016Detailed filing. Detailed filing data is available for this year.$3.75$0.92$2.83$9.97$8.19$1.78
2015Detailed filing. Detailed filing data is available for this year.$3.93$2.76$1.17$9.71$6.81$2.89
2014Detailed filing. Detailed filing data is available for this year.$1.28$3.27$1.99$9.00$7.87$1.14
2014Detailed filing. Detailed filing data is available for this year.$1.28$3.27$1.99$9.00$7.87$1.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$4.53$3.13$8.10$7.75$0.35
2012Summary only. Only limited summary data is available for this year.$1.86$5.34$3.48$8.27$9.34$1.07