Civic Intelligence

Opera Delaware Inc.

990 • Fiscal year 2017 • EIN 51-6018055

Sep 01, 2016 to Aug 31, 2017 • Filed on Nov 30, 2017

4 South Poplar StWilmington, DE 19801

(302) 658-8063

Siviq Scores

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

Liabilities / Assets

69th percentile

0.28x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.44x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

6.8%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,577,614

Up $4,612 (+0.3%) from 2016

Net Assets

Up

$1,138,454

Up $15,968 (+1.4%) from 2016

Liabilities

Down

$439,160

Down $11,356 (-2.5%) from 2016

Revenue

Up

$988,889

Up $63,234 (+6.8%) from 2016

Expenses

Down

$972,921

Down $88,002 (-8.3%) from 2016

Net Income

Up

$15,968

Up $151,236 (+112%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,700,603Liabilities 2011: $1,217,911Net Assets 2011: $482,6922011Assets 2012: $1,508,977Liabilities 2012: $600,399Net Assets 2012: $908,5782012Assets 2013: $1,455,698Liabilities 2013: $580,429Net Assets 2013: $875,2692013Assets 2014: $1,410,766Liabilities 2014: $492,161Net Assets 2014: $918,6052014Assets 2015: $1,743,826Liabilities 2015: $486,072Net Assets 2015: $1,257,7542015Assets 2016: $1,573,002Liabilities 2016: $450,516Net Assets 2016: $1,122,4862016Assets 2017: $1,577,614Liabilities 2017: $439,160Net Assets 2017: $1,138,4542017Assets 2018: $1,660,396Liabilities 2018: $462,440Net Assets 2018: $1,197,9562018Assets 2019: $1,637,926Liabilities 2019: $442,238Net Assets 2019: $1,195,6882019Assets 2020: $1,938,632Liabilities 2020: $651,241Net Assets 2020: $1,287,3912020Assets 2021: $3,267,828Liabilities 2021: $489,606Net Assets 2021: $2,778,2222021Assets 2022: $3,072,019Liabilities 2022: $379,489Net Assets 2022: $2,692,5302022Assets 2023: $2,798,118Liabilities 2023: $410,244Net Assets 2023: $2,387,8742023Assets 2024: $2,798,873Liabilities 2024: $382,030Net Assets 2024: $2,416,8432024Assets 2025: $2,604,775Liabilities 2025: $398,676Net Assets 2025: $2,206,0992025

Highlighted filing

2017

Assets$1,577,614
Liabilities$439,160
Net Assets$1,138,454

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $829,619Expenses 2011: $811,309Net Income 2011: $18,3102011Revenue 2012: $1,295,917Expenses 2012: $870,031Net Income 2012: $425,8862012Revenue 2013: $762,347Expenses 2013: $795,656Net Income 2013: -$33,3092013Revenue 2014: $719,515Expenses 2014: $676,179Net Income 2014: $43,3362014Revenue 2015: $1,077,239Expenses 2015: $738,090Net Income 2015: $339,1492015Revenue 2016: $925,655Expenses 2016: $1,060,923Net Income 2016: -$135,2682016Revenue 2017: $988,889Expenses 2017: $972,921Net Income 2017: $15,9682017Revenue 2018: $1,060,956Expenses 2018: $1,001,454Net Income 2018: $59,5022018Revenue 2019: $1,094,984Expenses 2019: $1,097,252Net Income 2019: -$2,2682019Revenue 2020: $863,313Expenses 2020: $771,610Net Income 2020: $91,7032020Revenue 2021: $2,098,764Expenses 2021: $671,653Net Income 2021: $1,427,1112021Revenue 2022: $1,326,330Expenses 2022: $1,367,794Net Income 2022: -$41,4642022Revenue 2023: $1,002,372Expenses 2023: $1,354,854Net Income 2023: -$352,4822023Revenue 2024: $1,311,940Expenses 2024: $1,415,497Net Income 2024: -$103,5572024Revenue 2025: $1,475,749Expenses 2025: $1,708,290Net Income 2025: -$232,5412025

Highlighted filing

2017

Revenue$988,889
Expenses$972,921
Net Income$15,968
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Nov 30, 2017
Return Version
2016v3.1
Gross Receipts
$988,889
Mission and Program Overview

Mission

Operadelaware is a professional non-profit opera company with a reputation for excellence in both opera and arts education. Operadelaware opens the door to bold, vibrant and creative operatic programming that enriches the community, transforms audiences, and encourages dialogue.

Operadelaware's mission is to enrich the cultural lives of adults, students & families within the mid-atlantic region through meaningful arts education and the production of grand opera and intimate opera concerts, featuring established and emerging talent

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$720,032$676,484▼ $43,548
Savings and Temporary Cash Investments$590,452$465,103▼ $125,349
Pledges and Grants Receivable$126,550$316,668▲ $190,118
Prepaid Expenses and Deferred Charges$2,655$16,953▲ $14,298
Cash and Non-Interest-Bearing Accounts$107$107→ $0
Accounts Receivable$10,030$29▼ $10,001
Total Assets$1,573,002$1,577,614▲ $4,612
Other Assets Total$123,176$102,270▼ $20,906
Liabilities
Mortgage Notes Payable Secured by Investment Property$441,180$426,803▼ $14,377
Accounts Payable and Accrued Expenses$8,778$6,668▼ $2,110
Deferred Revenue$558$5,689▲ $5,131
Total Liabilities$450,516$439,160▼ $11,356
Net Assets / Fund Balance
Temporarily Rstr Net Assets$529,634$655,469▲ $125,835
Unrestricted Net Assets$592,852$482,985▼ $109,867
Total Net Assets Fund Balance$1,122,486$1,138,454▲ $15,968
Total Liabilities and Net Assets / Fund Balance$1,573,002$1,577,614▲ $4,612

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$546,390$1,127,493$1,673,883
Equipment$24,379$285,334$309,713
Land$90,000-$90,000
Other Land Buildings$15,715$2,464$18,179
Other Assets Org$32,500--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$732,633
Program Service Revenue
$203,304
Investment Income
$2,008
Other Revenue
$50,944
All Other Contributions
$612,633
Change in Net Assets
$15,968

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$86,408Market Value
Total Noncash Contributions6$86,408-

Audited Revenue Reconciliation

Revenue per Audited Statements
$988,889
Revenue Not Reported on Form 990
$193,390
Total Revenue per Audited Statements
$1,182,279
Total Revenue per Form 990
$988,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$727,437
Salaries, Compensation, and Employee Benefits$245,484
Total Fundraising Expense$68,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$48,596$47,559$20,382$116,537
Current Officers, Directors, Trustees, and Key Employees$33,777$33,056$14,167$81,000
Depreciation Depletion$20,256$28,941$8,681$57,878
Occupancy$16,013$22,878$6,863$45,754
Advertising$44,133$1,274-$45,407
Other Employee Benefits$13,079$12,800$5,485$31,364
Fees for Services Accounting-$30,945-$30,945
Office Expenses$9,509$16,592$4,189$30,290
Insurance$8,545$12,209$3,661$24,415
Interest-$17,468-$17,468
Payroll Taxes$6,915$6,768$2,900$16,583
Other Expenses$23,968$1,701$2,551$4,252
Total Functional Expenses$671,851$232,191$68,879$972,921

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,166,311
Expenses per Audited Statements$972,921
Total Expenses per Form 990$972,921
Expenses Not Reported on Form 990$193,390
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
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 2

E. Andrew disabatino, jr. Catherine larnick disabatino president director spouses

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

Governing body reviews form 990 and provides feedback prior to filing.

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

Board reviews conflict of interest policy annually and suggests changes as needed. Board members complete annual conflict of interest statements.

Form 990, Page 6, Part VI, Line 15A

Executive committee of the board reviews the executive director's compensation periodically and recommends changes as appropriate.

Form 990, Page 6, Part VI, Line 19

Organizational documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Operadelaware Inc
EIN
51-6018055
Phone
3026588063
Address
4 SOUTH POPLAR ST, WILMINGTON, DE 19801

Signing Officer

Name
Brendan Cooke
Title
General Director
Phone
3026588063
Signed
2017-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brendan Cooke
Formed
1997
Voting Board Members
18
Independent Board Members
18
Employees
52
Volunteers
200

Preparer

Firm
Umbreit Korengel & Associates Pc
Address
714 E BALTIMORE PIKE, KENNETT SQUARE, PA 19348
Preparer
Kathleen a Wileczek CPA
Phone
6104443222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Operadelaware's mission is to enrich the cultural lives of adults, students and families within the mid-atlantic region through meaningful arts education and the production of grand opera and intimate opera concerts, featuring established and emerging talent.

Form 990, Page 2, Part III, Line 4B

Unamplified human voice, while teaching important lessons about reading, writing and music.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.60$0.40$2.21$1.48$1.71$0.23
2024Detailed filing. Detailed filing data is available for this year.$2.80$0.38$2.42$1.31$1.42$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.80$0.41$2.39$1.00$1.35$0.35
2022Detailed filing. Detailed filing data is available for this year.$3.07$0.38$2.69$1.33$1.37$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$0.49$2.78$2.10$0.67$1.43
2020Detailed filing. Detailed filing data is available for this year.$1.94$0.65$1.29$0.86$0.77$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.44$1.20$1.09$1.10$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.66$0.46$1.20$1.06$1.00$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.44$1.14$0.99$0.97$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.57$0.45$1.12$0.93$1.06$0.14
2015Summary only. Only limited summary data is available for this year.$1.74$0.49$1.26$1.08$0.74$0.34
2014Summary only. Only limited summary data is available for this year.$1.41$0.49$0.92$0.72$0.68$0.04
2013Summary only. Only limited summary data is available for this year.$1.46$0.58$0.88$0.76$0.80$0.03
2012Summary only. Only limited summary data is available for this year.$1.51$0.60$0.91$1.30$0.87$0.43
2011Summary only. Only limited summary data is available for this year.$1.70$1.22$0.48$0.83$0.81$0.02