Civic Intelligence

Opera Memphis Endowment Foundation

990 • Fiscal year 2019 • EIN 58-1713898

Oct 01, 2018 to Sep 30, 2019 • Filed on Feb 07, 2020

6745 Wolf River ParkwayMemphis, TN 38120

(901) 257-3100

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

100th percentile

155%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$115,227

Higher top officer pay than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Down

$400,801

Down $58,955 (-13%) from 2018

Net Assets

Down

$400,801

Down $58,955 (-13%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

-$45,990

Down $69,424 (-296%) from 2018

Expenses

Down

$25,205

Down $40,616 (-62%) from 2018

Net Income

Down

-$71,195

Down $28,808 (-68%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $633,955Liabilities 2010: $0Net Assets 2010: $633,9552010Assets 2011: $578,878Liabilities 2011: $0Net Assets 2011: $578,8782011Assets 2012: $394,601Liabilities 2012: $0Net Assets 2012: $394,6012012Assets 2013: $472,055Liabilities 2013: $0Net Assets 2013: $472,0552013Assets 2014: $501,985Liabilities 2014: $0Net Assets 2014: $501,9852014Assets 2015: $376,533Liabilities 2015: $0Net Assets 2015: $376,5332015Assets 2016: $451,256Liabilities 2016: $0Net Assets 2016: $451,2562016Assets 2017: $501,065Liabilities 2017: $0Net Assets 2017: $501,0652017Assets 2018: $459,756Liabilities 2018: $0Net Assets 2018: $459,7562018Assets 2019: $400,801Liabilities 2019: $0Net Assets 2019: $400,8012019Assets 2020: $353,830Liabilities 2020: $0Net Assets 2020: $353,8302020Assets 2021: $457,023Liabilities 2021: $0Net Assets 2021: $457,0232021Assets 2022: $316,791Liabilities 2022: $0Net Assets 2022: $316,7912022Assets 2023: $347,345Liabilities 2023: $0Net Assets 2023: $347,3452023Assets 2025: $359,372Liabilities 2025: $0Net Assets 2025: $359,3722025

Highlighted filing

2019

Assets$400,801
Liabilities$0
Net Assets$400,801

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $0Expenses 2010: $18,144Net Income 2010: -$18,1442010Revenue 2011: $3,934Expenses 2011: $32,093Net Income 2011: -$28,1592011Expenses 2012: $289,6782012Expenses 2013: $22,7122013Revenue 2014: $34,578Expenses 2014: $23,717Net Income 2014: $10,8612014Revenue 2015: $79,059Expenses 2015: $57,426Net Income 2015: $21,6332015Revenue 2016: $59,357Expenses 2016: $26,666Net Income 2016: $32,6912016Revenue 2017: $16,140Expenses 2017: $25,086Net Income 2017: -$8,9462017Revenue 2018: $23,434Expenses 2018: $65,821Net Income 2018: -$42,3872018Revenue 2019: -$45,990Expenses 2019: $25,205Net Income 2019: -$71,1952019Revenue 2020: $17,618Expenses 2020: $23,971Net Income 2020: -$6,3532020Revenue 2021: $5,712Expenses 2021: $24,100Net Income 2021: -$18,3882021Revenue 2022: $19,628Expenses 2022: $24,823Net Income 2022: -$5,1952022Revenue 2023: $8,925Expenses 2023: $23,096Net Income 2023: -$14,1712023Revenue 2025: $7,173Expenses 2025: $21,760Net Income 2025: -$14,5872025

Highlighted filing

2019

Revenue-$45,990
Expenses$25,205
Net Income-$71,195
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Feb 7, 2020
Return Version
2018v3.1
Gross Receipts
$5,370
Mission and Program Overview

Mission

To support opera memphis, inc to further the development of artistic and musical talents and for the cultural education and entertainment of the general public

To support opera memphis, inc to further the development of artistic and musical talents and for the cultural education and entertainment of the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$459,756$400,801▼ $58,955
Rtn Earn Endowment Incm Other Fnds$459,756$400,801▼ $58,955
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$459,756$400,801▼ $58,955
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$459,756$400,801▼ $58,955
Total Liabilities and Net Assets / Fund Balance$459,756$400,801▼ $58,955

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$400,801--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$459,756-▼ $33,750-$400,801
2017$501,065-▲ $24,512-$459,756
2016$451,256-▲ $74,895-$501,065
2015$376,532$20,000▲ $81,390-$451,256
2014$501,985$20,000▼ $88,026-$376,532
Compensation and Service Providers

Employees

NameTitleOtherTotal
Edward CantyGeneral Director$115,227$115,227

Board Members and Trustees

NameTitle
Daniel AnglinBoard Chairman
Paul K GuibaoTrustee/immediate Past Chairman
Allen MorganTrustee
Robert FogelmanTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-45,990
Other Revenue
$0
Change in Net Assets
$-71,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,910
Other Expenses$2,295
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,910--$22,910
Fees for Service Investment Mgmnt Fees-$2,295-$2,295
Total Functional Expenses$22,910$2,295$0$25,205
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Opera Memphis IncMemphis, TN501(c)(3)General Assistance$22,910
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is sent to each member via email.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Opera Memphis Endowment Foundation
EIN
58-1713898
Phone
9012573100
Address
6745 WOLF RIVER PARKWAY, MEMPHIS, TN 38120

Signing Officer

Name
Edward Canty
Title
General Director
Phone
9012573100
Signed
2020-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Canty
Formed
1994
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Daniel J Moore
Phone
9017612720
Raw XML Appendix378 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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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06745 WOLF RIVER PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038120
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt022910
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPERA MEMPHIS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0459756
IRS990/TotalAssetsEOYAmt0400801
IRS990/TotalAssetsGrp/BOYAmt0459756
IRS990/TotalAssetsGrp/EOYAmt0400801
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02295
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022910
IRS990/TotalFunctionalExpensesGrp/TotalAmt025205
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0459756
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0400801
IRS990/TotalOtherCompensationAmt016656
IRS990/TotalProgramServiceExpensesAmt022910
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05370
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-51360
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-45990
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459756
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0400801
IRS990/TotReportableCompRltdOrgAmt098571
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06745 WOLF RIVER PARKWAY
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038120
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD CANTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09012573100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPERA MEMPHIS ENDOWMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0581713898
ReturnHeader/Filer/PhoneNum09012573100
ReturnHeader/Filer/USAddress/AddressLine1Txt06745 WOLF RIVER PARKWAY
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038120
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D42D545523BE40E420F6D14ED97E43045FDFF976
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId058C4C386712E21856B79B70F54162EAFC6941B5E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.136.84.170
ReturnHeader/FilingSecurityInformation/IPDt02020-02-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:16:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621804252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATKINS UIBERALL PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01661 AARON BRENNER DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09017612720
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J MOORE
ReturnHeader/ReturnTs02020-02-14T16:08:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.00$3.59$0.07$0.22$0.15
2023Summary only. Only limited summary data is available for this year.$3.47$0.00$3.47$0.09$0.23$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.17$0.00$3.17$0.20$0.25$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.00$4.57$0.06$0.24$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.54$0.00$3.54$0.18$0.24$0.06
2019Detailed filing. Detailed filing data is available for this year.$4.01$0.00$4.01$0.46$0.25$0.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$0.00$4.60$0.23$0.66$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.00$5.01$0.16$0.25$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.00$4.51$0.59$0.27$0.33
2015Detailed filing. Detailed filing data is available for this year.$3.77$0.00$3.77$0.79$0.57$0.22
2014Detailed filing. Detailed filing data is available for this year.$5.02$0.00$5.02$0.35$0.24$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.72$0.00$4.72$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.95$0.00$3.95$2.90
2011Summary only. Only limited summary data is available for this year.$5.79$0.00$5.79$0.04$0.32$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.34$0.00$6.34$0.00$0.18$0.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • <$500k nonprofits