Civic Intelligence

Opera Carolina

990 • Fiscal year 2016 • EIN 56-6019660

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

1600 Elizabeth AveCharlotte, NC 28204

(704) 332-7177

Siviq Scores

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

Liabilities / Assets

99th percentile

2.19x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

1.13x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$125,162

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2016 filings • NTEE A • $1M-$5M nonprofits • Source year 2016

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-8.7%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,450,580

Down $476,637 (-25%) from 2015

Net Assets

Down

-$1,730,686

Down $337,177 (-24%) from 2015

Liabilities

Down

$3,181,266

Down $139,460 (-4.2%) from 2015

Revenue

Down

$2,807,917

Down $268,272 (-8.7%) from 2015

Expenses

Down

$3,145,094

Down $108,148 (-3.3%) from 2015

Net Income

Down

-$337,177

Down $160,124 (-90%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $445,476Liabilities 2011: $1,468,700Net Assets 2011: -$1,023,2242011Assets 2012: $344,214Liabilities 2012: $1,445,311Net Assets 2012: -$1,101,0972012Assets 2013: $652,024Liabilities 2013: $1,846,821Net Assets 2013: -$1,194,7972013Assets 2014: $819,965Liabilities 2014: $2,036,421Net Assets 2014: -$1,216,4562014Assets 2015: $1,927,217Liabilities 2015: $3,320,726Net Assets 2015: -$1,393,5092015Assets 2016: $1,450,580Liabilities 2016: $3,181,266Net Assets 2016: -$1,730,6862016Assets 2017: $2,226,753Liabilities 2017: $3,842,461Net Assets 2017: -$1,615,7082017Assets 2018: $2,004,377Liabilities 2018: $4,081,864Net Assets 2018: -$2,077,4872018Assets 2019: $1,796,636Liabilities 2019: $4,392,349Net Assets 2019: -$2,595,7132019Assets 2020: $750,676Liabilities 2020: $3,461,787Net Assets 2020: -$2,711,1112020Assets 2021: $1,027,140Liabilities 2021: $3,642,204Net Assets 2021: -$2,615,0642021Assets 2022: $515,766Liabilities 2022: $2,951,740Net Assets 2022: -$2,435,9742022Assets 2023: $162,313Liabilities 2023: $2,566,591Net Assets 2023: -$2,404,2782023Assets 2024: $814,234Liabilities 2024: $3,995,421Net Assets 2024: -$3,181,1872024

Highlighted filing

2016

Assets$1,450,580
Liabilities$3,181,266
Net Assets-$1,730,686

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,336,4482011Revenue 2012: $2,672,782Expenses 2012: $2,750,655Net Income 2012: -$77,8732012Expenses 2013: $2,758,6442013Revenue 2014: $2,977,497Expenses 2014: $2,999,156Net Income 2014: -$21,6592014Revenue 2015: $3,076,189Expenses 2015: $3,253,242Net Income 2015: -$177,0532015Revenue 2016: $2,807,917Expenses 2016: $3,145,094Net Income 2016: -$337,1772016Revenue 2017: $3,506,564Expenses 2017: $3,391,591Net Income 2017: $114,9732017Revenue 2018: $3,649,886Expenses 2018: $4,111,665Net Income 2018: -$461,7792018Revenue 2019: $2,647,251Expenses 2019: $3,165,477Net Income 2019: -$518,2262019Revenue 2020: $2,784,577Expenses 2020: $2,899,974Net Income 2020: -$115,3972020Revenue 2021: $1,727,592Expenses 2021: $1,631,545Net Income 2021: $96,0472021Revenue 2022: $3,080,545Expenses 2022: $2,901,455Net Income 2022: $179,0902022Revenue 2023: $2,920,365Expenses 2023: $3,265,649Net Income 2023: -$345,2842023Revenue 2024: $2,741,460Expenses 2024: $3,612,061Net Income 2024: -$870,6012024

Highlighted filing

2016

Revenue$2,807,917
Expenses$3,145,094
Net Income-$337,177
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$2,807,917
Mission and Program Overview

Mission

To inspire and entertain the region's diverse community through the presentation of excellent opera, operetta, music theatre, education and outreach programs that elevate the quality of life in the carolinas.

To inspire and entertain the region's diverse community through the presentation of excellent opera, operetta, music theatre, education and outreach programs that elevate the quality of life in the carolinas. The most significant activities include the presentation of three main stage operas and a range of educational programs including in-school performances and workshops, student nights at main stage performances and performances in remote communities in nc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,281,145$1,231,493▼ $49,652
Pledges and Grants Receivable$429,818$105,785▼ $324,033
Prepaid Expenses and Deferred Charges$65,526$75,474▲ $9,948
Intangible Assets$34,958$24,970▼ $9,988
Cash and Non-Interest-Bearing Accounts$75,632$581▼ $75,051
Total Assets$1,927,217$1,450,580▼ $476,637
Other Assets Total$40,138$12,277▼ $27,861
Liabilities
Other Liabilities$1,312,320$1,372,485▲ $60,165
Mortgage Notes Payable Secured by Investment Property$1,079,734$1,026,884▼ $52,850
Deferred Revenue$606,424$479,644▼ $126,780
Accounts Payable and Accrued Expenses$322,248$302,253▼ $19,995
Total Liabilities$3,320,726$3,181,266▼ $139,460
Net Assets / Fund Balance
Temporarily Rstr Net Assets$241,383$267,626▲ $26,243
Unrestricted Net Assets$-1,634,892$-1,998,312▼ $363,420
Total Net Assets Fund Balance$-1,393,509$-1,730,686▼ $337,177
Total Liabilities and Net Assets / Fund Balance$1,927,217$1,450,580▼ $476,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,072,765$39,648$1,112,413
Equipment$156,978$822,467$979,445
Leasehold Improvements$1,750$5,071$6,821

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,683,591$-172,624▲ $30,836-$1,528,289
2014$1,830,755$-145,501▲ $16,071-$1,683,591
2013$1,572,834$-7,067▲ $274,456-$1,830,755
2012$1,409,678$-18,472▲ $185,108-$1,572,834
2011$1,186,793$210,000▲ $26,557$9,877$1,409,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James MeenaGeneral DireFT$114,672$10,490$125,162
Janet DickinsonKey Employee-$111,370$6,511$117,881

Board Members and Trustees

NameTitle
See Attached Statement 1Officer/boar
Revenue and Support

Revenue Composition

Contributions and Grants
$1,732,048
Program Service Revenue
$537,866
Investment Income
$18
Other Revenue
$537,985
All Other Contributions
$1,106,056
Change in Net Assets
$-337,177

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,807,917
Revenue Not Reported on Form 990
$40,670
Total Revenue per Audited Statements
$2,848,587
Total Revenue per Form 990
$2,807,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,193,094
Salaries, Compensation, and Employee Benefits$952,000
Total Fundraising Expense$545,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$799,429$875$116,829$917,133
Other Salaries and Wages$407,055$151,754$136,773$695,582
All Other Expenses$86,019$89,649$35,029$210,697
Occupancy$204,738$150$3,246$208,134
Advertising$132,205$6,532-$138,737
Depreciation Depletion$89,647$41,332-$130,979
Current Officers, Directors, Trustees, and Key Employees$91,737$22,934-$114,671
Travel$89,695$2,539$6,774$99,008
Payroll Taxes$44,649$13,903$10,610$69,162
Other Employee Benefits$36,490$10,584$11,745$58,819
Interest-$51,409-$51,409
Other Expenses$48,304$3,109$22,110$48,304
Insurance-$34,872-$34,872
Fees for Services Accounting-$16,750-$16,750
Pension Plan Contributions$7,364$5,031$1,371$13,766
Total Functional Expenses$2,148,229$451,616$545,249$3,145,094

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,185,764
Expenses per Audited Statements$3,145,094
Total Expenses per Form 990$3,145,094
Expenses Not Reported on Form 990$40,670
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$364,732
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$232,692$232,692-$232,692
Spring/golf Eve$132,040$132,040-$132,040
Total Events$364,732$364,732-$364,732
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Opera Carolina Endowment$1,282,384
Loan From Opera Carolina Endowment$90,101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The cfo will review the 990 with tax preparer. The finance committee and general director will review and report to executive committee its acceptance of the document prior to filing. The 990 is then forwarded to the full board of directors for review and approval.

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

The organization requires annual disclosure of any conflict of interest and reminds and educates employees and board members of their duty to disclose any conflict of interest. Vendors are reviewed to ensure no unknown conflict of interest exists.

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

Human resource and executive committees evaluate and set compensation for the general director for each contract period and consult industry surveys to help determine salary level.

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

Human resource and executive committees approve the salaries for each employee during the annual budgeting process and consult with knowledgeable board members or others in the community concerning salary ranges for all jobs.

Form 990, Page 6, Part VI, Line 19

All governing documents and financial statements may be examined upon request at the organization's office location.

Filing and Contact Details

Filer

Filer Name
Opera Carolina
EIN
56-6019660
Phone
7043327177
Address
1600 ELIZABETH AVE, CHARLOTTE, NC 28204

Signing Officer

Name
James Meena
Title
General Director
Phone
7043327177
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Meena
Formed
1953
Legal Domicile
Nc
Voting Board Members
41
Independent Board Members
41
Employees
65
Volunteers
85

Preparer

Firm
Bgw CPA Pllc
Address
1616 CAMDEN RD STE 510, CHARLOTTE, NC 28203-4756
Preparer
Carl R Conrad
Phone
7045520553
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To inspire and entertain the region's diverse community through the presentation of excellent opera, operetta, music theatre, education and outreach programs that elevate the quality of life in the carolinas. The most significant activities include the presentation of three main stage operas and a range of educational programs including in-school performances and workshops, student nights at main stage performances and performances in remote communities in nc.

Form 990

Schedule r part ii column b - opera carolina endowment receives and manages investments in a fiscally sound manner to maximize the funds available to opera carolina for educational programs and opera productions.

Form 990, Part IX, Line 11G

Orchestra, singers, stage etc 762,859 875 116,829 orchestra, singers, stage etc 36,570 0 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended uses for endowment funds are to hold and invest assets, and the earnings are used for supporting educational and outreach programs, hiring conductors for performances, supporting season-opening productions, providing master classes to young professionals, and supporting operational cash flows.

Schedule D, Page 3, Part X

Opera carolina is a not-for-profit corporation that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is required. The organization uses a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of income tax uncertainties with respect to positions, including tax-exempt status, taken or expected to be taken in income tax returns. The organization has open tax years for reporting periods ended during the fiscal years ending 2013 through 2015.

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IRS990/OtherExpensesGrp/ProgramServicesAmt153630
IRS990/OtherExpensesGrp/ProgramServicesAmt247643
IRS990/OtherExpensesGrp/ProgramServicesAmt348304
IRS990/OtherExpensesGrp/TotalAmt0190275
IRS990/OtherExpensesGrp/TotalAmt177043
IRS990/OtherExpensesGrp/TotalAmt269753
IRS990/OtherExpensesGrp/TotalAmt348304
IRS990/OtherLiabilitiesGrp/BOYAmt01312320
IRS990/OtherLiabilitiesGrp/EOYAmt01372485
IRS990/OtherRevenueMiscGrp/Desc0SET REVENUES
IRS990/OtherRevenueMiscGrp/Desc1WORKSHOP RENTALS
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0154979
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt115500
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt22774
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0154979
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt115500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22774
IRS990/OtherRevenueTotalAmt0173253
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0136773
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0151754
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0407055
IRS990/OtherSalariesAndWagesGrp/TotalAmt0695582
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt010610
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013903
IRS990/PayrollTaxesGrp/ProgramServicesAmt044649
IRS990/PayrollTaxesGrp/TotalAmt069162
IRS990/PensionPlanContributionsGrp/FundraisingAmt01371
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05031
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07364
IRS990/PensionPlanContributionsGrp/TotalAmt013766
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0429818
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0105785
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065526
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt075474
IRS990/PrincipalOfficerNm0JAMES MEENA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SEASON TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1BOX OFFICE SALES
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION AND OUTREACH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0265367
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1238329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt234170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0265367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1238329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234170
IRS990/ProgSrvcAccomActy2Grp/Desc0THE EDUCATIONAL ACTIVITIES INCLUDE OUR OPERA EXPRESS TOURING ARM WHICH REACHED 21,457 CHILDREN BY MEANS OF 69 PERFORMANCES IN 12 COUNTIES ACROSS THE STATES OF NORTH CAROLINA, SOUTH CAROLINA, AND GEORGIA; STUDENT NIGHT AT THE OPERA WHICH IS HELD DURING DRESS REHEARSAL FOR EACH MAIN STAGE PRODUCTION AND IN WHICH 924 STUDENTS AND ADULTS PARTICIPATED, AND OPERA CAROLINA ACADEMY WHICH PROVIDES ACCESS TO MUSIC INSTRUCTION, MUSIC-DRAMA INSTRUCTION, AND AGE APPROPRIATE VOCAL INSTRUCTION FOR STUDENTS OF ALL AGES IN AN ARTISTIC ATMOSPHERE WHICH EMPHASIZES CLASSICAL MUSIC WHILE HONORING THE VALUE OF MUSICAL EXPRESSION IN ALL GENRES (15 STUDENTS ATTENDED).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0116641
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034170
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01857813
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018
IRS990/PYOtherExpensesAmt02338250
IRS990/PYOtherRevenueAmt0619299
IRS990/PYProgramServiceRevenueAmt0599059
IRS990/PYRevenuesLessExpensesAmt0-177053
IRS990/PYSalariesCompEmpBnftPaidAmt0914992
IRS990/PYTotalExpensesAmt03253242
IRS990/PYTotalRevenueAmt03076189
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-337177
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt083086
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0503696
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SET REVENUES 561,374 MISCELLANEOUS 56,862 FUNDRAISING INCOME 2,086,018 WORKSHOP RENTALS 77,800 TUITION 17,729
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01732048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01857813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01821734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01518076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01556977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08486648
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0134
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01075869
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0539499
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0637562
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0581267
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0552580
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0488875
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02799783
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75190
IRS990ScheduleA/PublicSupportPY170Pct00.74750
IRS990ScheduleA/PublicSupportTotal170Amt08486648
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01732048
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01857813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01821734
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01518076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01556977
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08486648
IRS990ScheduleA/TotalSupportAmt011286565
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01072765
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039648
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01112413
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt013514
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01683591
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0-172624
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01528289
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt030836
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017734
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01830755
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0-145501
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01683591
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016071
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt09468
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01572834
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0-7067
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01830755
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0274456
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03480
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01409678
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0-18472
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01572834
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0185108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03741
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01186793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0210000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01409678
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026557
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt09877
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt040670
IRS990ScheduleD/DonatedServicesUseFcltsAmt040670
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0true
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0156978
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0822467
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0979445
IRS990ScheduleD/ExpensesNotReportedAmt040670
IRS990ScheduleD/ExpensesSubtotalAmt03145094
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01750
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05071
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01282384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt190101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OPERA CAROLINA ENDOWMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM OPERA CAROLINA ENDOWMENT
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.53350
IRS990ScheduleD/RelatedOrgListSchRInd0true
IRS990ScheduleD/RevenueNotReportedAmt040670
IRS990ScheduleD/RevenueSubtotalAmt02807917
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USES FOR ENDOWMENT FUNDS ARE TO HOLD AND INVEST ASSETS, AND THE EARNINGS ARE USED FOR SUPPORTING EDUCATIONAL AND OUTREACH PROGRAMS, HIRING CONDUCTORS FOR PERFORMANCES, SUPPORTING SEASON-OPENING PRODUCTIONS, PROVIDING MASTER CLASSES TO YOUNG PROFESSIONALS, AND SUPPORTING OPERATIONAL CASH FLOWS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OPERA CAROLINA IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE ORGANIZATION USES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS, INCLUDING TAX-EXEMPT STATUS, TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. THE ORGANIZATION HAS OPEN TAX YEARS FOR REPORTING PERIODS ENDED DURING THE FISCAL YEARS ENDING 2013 THROUGH 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.46650
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01231493
IRS990ScheduleD/TotalExpensesPerForm990Amt03145094
IRS990ScheduleD/TotalLiabilityAmt01372485
IRS990ScheduleD/TotalRevenuePerForm990Amt02807917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02848587
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03185764
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SPRING/GOLF EVE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0232692
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0132040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0364732
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0232692
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0132040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0364732
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0364732
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE, EDUCATION AND OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE PRESENTATION OF THREE MAIN STAGE OPERAS AND A RANGE OF EDUCATIONAL PROGRAMS INCLUDING IN-SCHOOL PERFORMANCES AND WORKSHOPS, STUDENT NIGHTS AT MAIN STAGE PERFORMANCES AND PERFORMANCES IN REMOTE COMMUNITIES IN NC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCHEDULE R PART II COLUMN B - OPERA CAROLINA ENDOWMENT RECEIVES AND MANAGES INVESTMENTS IN A FISCALLY SOUND MANNER TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR EDUCATIONAL PROGRAMS AND OPERA PRODUCTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CFO WILL REVIEW THE 990 WITH TAX PREPARER. THE FINANCE COMMITTEE AND GENERAL DIRECTOR WILL REVIEW AND REPORT TO EXECUTIVE COMMITTEE ITS ACCEPTANCE OF THE DOCUMENT PRIOR TO FILING. THE 990 IS THEN FORWARDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REQUIRES ANNUAL DISCLOSURE OF ANY CONFLICT OF INTEREST AND REMINDS AND EDUCATES EMPLOYEES AND BOARD MEMBERS OF THEIR DUTY TO DISCLOSE ANY CONFLICT OF INTEREST. VENDORS ARE REVIEWED TO ENSURE NO UNKNOWN CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HUMAN RESOURCE AND EXECUTIVE COMMITTEES EVALUATE AND SET COMPENSATION FOR THE GENERAL DIRECTOR FOR EACH CONTRACT PERIOD AND CONSULT INDUSTRY SURVEYS TO HELP DETERMINE SALARY LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HUMAN RESOURCE AND EXECUTIVE COMMITTEES APPROVE THE SALARIES FOR EACH EMPLOYEE DURING THE ANNUAL BUDGETING PROCESS AND CONSULT WITH KNOWLEDGEABLE BOARD MEMBERS OR OTHERS IN THE COMMUNITY CONCERNING SALARY RANGES FOR ALL JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE EXAMINED UPON REQUEST AT THE ORGANIZATION'S OFFICE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ORCHESTRA, SINGERS, STAGE ETC 762,859 875 116,829 ORCHESTRA, SINGERS, STAGE ETC 36,570 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$4.00$3.18$2.74$3.61$0.87
2023Detailed filing. Detailed filing data is available for this year.$0.16$2.57$2.40$2.92$3.27$0.35
2022Detailed filing. Detailed filing data is available for this year.$0.52$2.95$2.44$3.08$2.90$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.03$3.64$2.62$1.73$1.63$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.75$3.46$2.71$2.78$2.90$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.80$4.39$2.60$2.65$3.17$0.52
2018Detailed filing. Detailed filing data is available for this year.$2.00$4.08$2.08$3.65$4.11$0.46
2017Detailed filing. Detailed filing data is available for this year.$2.23$3.84$1.62$3.51$3.39$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.45$3.18$1.73$2.81$3.15$0.34
2015Detailed filing. Detailed filing data is available for this year.$1.93$3.32$1.39$3.08$3.25$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.82$2.04$1.22$2.98$3.00$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$1.85$1.19$2.76
2012Summary only. Only limited summary data is available for this year.$0.34$1.45$1.10$2.67$2.75$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$1.47$1.02$2.34