Civic Intelligence

Opera Delaware Inc.

990 • Fiscal year 2019 • EIN 51-6018055

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 28, 2020

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

70th percentile

0.27x

Higher debt load relative to assets than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.40x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

38th percentile

-0.2%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

34th percentile

-1.4%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,637,926

Down $22,470 (-1.4%) from 2018

Net Assets

Down

$1,195,688

Down $2,268 (-0.2%) from 2018

Liabilities

Down

$442,238

Down $20,202 (-4.4%) from 2018

Revenue

Up

$1,094,984

Up $34,028 (+3.2%) from 2018

Expenses

Up

$1,097,252

Up $95,798 (+9.6%) from 2018

Net Income

Down

-$2,268

Down $61,770 (-104%) from 2018

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

2019

Assets$1,637,926
Liabilities$442,238
Net Assets$1,195,688

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

2019

Revenue$1,094,984
Expenses$1,097,252
Net Income-$2,268
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 28, 2020
Return Version
2018v3.2
Gross Receipts
$1,094,984
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$825,611$824,093▼ $1,518
Savings and Temporary Cash Investments$431,947$515,916▲ $83,969
Pledges and Grants Receivable$314,281$207,882▼ $106,399
Prepaid Expenses and Deferred Charges$14,691$16,144▲ $1,453
Accounts Receivable$500$1,232▲ $732
Cash and Non-Interest-Bearing Accounts$89$89→ $0
Total Assets$1,660,396$1,637,926▼ $22,470
Other Assets Total$73,277$72,570▼ $707
Liabilities
Mortgage Notes Payable Secured by Investment Property$411,563$395,411▼ $16,152
Deferred Revenue$32,418$35,032▲ $2,614
Accounts Payable and Accrued Expenses$18,459$11,795▼ $6,664
Total Liabilities$462,440$442,238▼ $20,202
Net Assets / Fund Balance
Temporarily Rstr Net Assets$659,063$784,980▲ $125,917
Unrestricted Net Assets$538,893$410,708▼ $128,185
Total Net Assets Fund Balance$1,197,956$1,195,688▼ $2,268
Total Liabilities and Net Assets / Fund Balance$1,660,396$1,637,926▼ $22,470

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$677,459$1,227,825$1,905,284
Equipment$49,621$301,663$351,284
Land$90,000-$90,000
Other Land Buildings$7,013$5,624$12,637
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$829,529
Program Service Revenue
$220,307
Investment Income
$1,898
Other Revenue
$43,250
All Other Contributions
$694,174
Change in Net Assets
$-2,268

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$74,425Market Value
Other Non Cash Contri Table1$7,000Appraisal Value
Total Noncash Contributions7$81,425-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,094,984
Revenue Not Reported on Form 990
$187,673
Total Revenue per Audited Statements
$1,282,657
Total Revenue per Form 990
$1,094,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$844,095
Salaries, Compensation, and Employee Benefits$253,157
Total Fundraising Expense$81,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,118$46,112$19,763$112,993
Current Officers, Directors, Trustees, and Key Employees$36,336$35,561$15,240$87,137
Depreciation Depletion$23,751$33,931$10,179$67,861
Office Expenses$23,644$29,823$7,022$60,489
Advertising$53,433$5,397$550$59,380
Occupancy$20,723$29,604$8,881$59,208
Other Employee Benefits$15,447$15,117$6,478$37,042
Fees for Services Accounting-$29,800-$29,800
Insurance$9,789$13,987$4,196$27,972
Interest-$17,669-$17,669
Payroll Taxes$6,666$6,523$2,796$15,985
Other Expenses$35,463$3,956$5,935$9,891
Total Functional Expenses$748,732$267,480$81,040$1,097,252

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,284,925
Expenses per Audited Statements$1,097,252
Total Expenses per Form 990$1,097,252
Expenses Not Reported on Form 990$187,673
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
2020-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brendan Cooke
Formed
1997
Legal Domicile
De
Voting Board Members
18
Independent Board Members
18
Employees
58
Volunteers
200

Preparer

Firm
Umbreit Wileczek & 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

Operadelaware's education and outreach programs reached underserved community centers and schools through a multi-pronged approach that provides students with instruction, training, presentations and performance opportunities. The curriculum, repertoire and rehearsal time are closely tailored to the specific needs of each student body. The 2018-2019 season accounted for 7,085 total student interactions through free performance and participation based programs including the warner arts alliance, a year-round program that integrates the arts into the curriculum as a way to reach a variety of learning styles. Other programs include the neighborhood choir after-school program and outreach events geared towards young audiences which introduce children to the power and beauty of the unamplified human voice, while teaching important lessons about reading, writing and music.

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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
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0OPERADELAWARE'S EDUCATION AND OUTREACH PROGRAMS REACHED UNDERSERVED COMMUNITY CENTERS AND SCHOOLS THROUGH A MULTI-PRONGED APPROACH THAT PROVIDES STUDENTS WITH INSTRUCTION, TRAINING, PRESENTATIONS AND PERFORMANCE OPPORTUNITIES. THE CURRICULUM, REPERTOIRE AND REHEARSAL TIME ARE CLOSELY TAILORED TO THE SPECIFIC NEEDS OF EACH STUDENT BODY. THE 2018-2019 SEASON ACCOUNTED FOR 7,085 TOTAL STUDENT INTERACTIONS THROUGH FREE PERFORMANCE AND PARTICIPATION BASED PROGRAMS INCLUDING THE WARNER ARTS ALLIANCE, A YEAR-ROUND PROGRAM THAT INTEGRATES THE ARTS INTO THE CURRICULUM AS A WAY TO REACH A VARIETY OF LEARNING STYLES. OTHER PROGRAMS INCLUDE THE NEIGHBORHOOD CHOIR AFTER-SCHOOL PROGRAM AND OUTREACH EVENTS GEARED TOWARDS YOUNG AUDIENCES WHICH INTRODUCE CHILDREN TO THE POWER AND BEAUTY OF THE UNAMPLIFIED HUMAN VOICE, WHILE TEACHING IMPORTANT LESSONS ABOUT READING, WRITING AND MUSIC.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FALL MASTERWORKS SERIES 200,000 CAPITAL PROJECT 60,000
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPORTING SCHEDULE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART III, LINE 12
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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