Civic Intelligence

Monticello Opera House Inc.

990 • Fiscal year 2017 • EIN 59-1400288

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

P O Box 518Monticello, FL 32345

(850) 997-4242

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.10x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

57th percentile

6.3%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$38,346

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

22nd percentile

-5.6%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$651,144

Down $38,778 (-5.6%) from 2016

Net Assets

Down

$588,391

Down $6,189 (-1.0%) from 2016

Liabilities

Down

$62,753

Down $32,589 (-34%) from 2016

Revenue

Up

$432,567

Up $97,653 (+29%) from 2016

Expenses

Up

$405,271

Up $138,215 (+52%) from 2016

Net Income

Down

$27,296

Down $40,562 (-60%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $578,448Liabilities 2011: $2,520Net Assets 2011: $575,9282011Assets 2012: $571,141Liabilities 2012: $12,818Net Assets 2012: $558,3232012Assets 2013: $711,636Liabilities 2013: $139,206Net Assets 2013: $572,4302013Assets 2014: $678,682Liabilities 2014: $95,338Net Assets 2014: $583,3442014Assets 2015: $621,037Liabilities 2015: $99,340Net Assets 2015: $521,6972015Assets 2016: $689,922Liabilities 2016: $95,342Net Assets 2016: $594,5802016Assets 2017: $651,144Liabilities 2017: $62,753Net Assets 2017: $588,3912017Assets 2018: $594,469Liabilities 2018: $83,894Net Assets 2018: $510,5752018Assets 2019: $830,341Liabilities 2019: $60,760Net Assets 2019: $769,5812019Assets 2020: $772,122Liabilities 2020: $58,138Net Assets 2020: $713,9842020Assets 2021: $754,945Liabilities 2021: $124,727Net Assets 2021: $630,2182021Assets 2022: $889,120Liabilities 2022: $104,248Net Assets 2022: $784,8722022Assets 2023: $832,356Liabilities 2023: $98,274Net Assets 2023: $734,0822023

Highlighted filing

2017

Assets$651,144
Liabilities$62,753
Net Assets$588,391

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $168,607Expenses 2011: $242,627Net Income 2011: -$74,0202011Revenue 2012: $167,663Expenses 2012: $185,353Net Income 2012: -$17,6902012Revenue 2013: $204,741Expenses 2013: $209,553Net Income 2013: -$4,8122013Revenue 2014: $181,990Expenses 2014: $180,275Net Income 2014: $1,7152014Revenue 2015: $176,360Expenses 2015: $220,097Net Income 2015: -$43,7372015Revenue 2016: $334,914Expenses 2016: $267,056Net Income 2016: $67,8582016Revenue 2017: $432,567Expenses 2017: $405,271Net Income 2017: $27,2962017Revenue 2018: $298,913Expenses 2018: $382,176Net Income 2018: -$83,2632018Revenue 2019: $594,719Expenses 2019: $327,634Net Income 2019: $267,0852019Revenue 2020: $220,844Expenses 2020: $276,187Net Income 2020: -$55,3432020Revenue 2021: $100,972Expenses 2021: $185,142Net Income 2021: -$84,1702021Revenue 2022: $463,375Expenses 2022: $307,825Net Income 2022: $155,5502022Revenue 2023: $338,277Expenses 2023: $392,721Net Income 2023: -$54,4442023

Highlighted filing

2017

Revenue$432,567
Expenses$405,271
Net Income$27,296
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$432,567
Mission and Program Overview

Mission

Bringing art and culture to the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$456,296$448,986▼ $7,310
Investments in Publicly Traded Securities$117,693$99,691▼ $18,002
Cash and Non-Interest-Bearing Accounts$111,000$96,383▼ $14,617
Prepaid Expenses and Deferred Charges$3,527$4,678▲ $1,151
Inventories for Sale or Use$1,406$1,406→ $0
Total Assets$689,922$651,144▼ $38,778
Liabilities
Accounts Payable and Accrued Expenses$30,902$27,640▼ $3,262
Mortgage Notes Payable Secured by Investment Property$54,914$27,377▼ $27,537
Other Liabilities$1,575$4,310▲ $2,735
Unsecured Notes Loans Payable$7,951$3,426▼ $4,525
Total Liabilities$95,342$62,753▼ $32,589
Net Assets / Fund Balance
Unrestricted Net Assets$526,669$557,553▲ $30,884
Temporarily Rstr Net Assets$67,911$30,838▼ $37,073
Total Net Assets Fund Balance$594,580$588,391▼ $6,189
Total Liabilities and Net Assets / Fund Balance$689,922$651,144▼ $38,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$141,540$324,772$466,312
Leasehold Improvements$226,176$147,294$373,470
Land$72,762-$72,762
Equipment$8,508$39,243$47,751
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Javier BetancourtExecutive DirectorFT$38,346$38,346
Ron BernardSecretaryPT$6,590$6,590
Georgianna BarkerDirector-$3,813$3,813

Board Members and Trustees

NameTitle
Jay AdamsChair
Kevin CarrVice Chair
Gene HallDirector
Nancy WidemanDirector
Rossi TullisDirector
Terri DunnDirector
Linda SchraderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,539
Program Service Revenue
$144,495
Investment Income
$34,947
Other Revenue
$40,586
All Other Contributions
$67,781
Change in Net Assets
$27,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,866
Salaries, Compensation, and Employee Benefits$89,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$176,583$19,621-$196,204
Other Salaries and Wages$39,094$4,344-$43,438
Depreciation Depletion$36,620$4,068-$40,688
Current Officers, Directors, Trustees, and Key Employees$34,511$3,835-$38,346
Advertising$20,820$2,313-$23,133
Other Expenses$14,003$1,556-$15,559
Office Expenses$11,767$1,307-$13,074
Insurance$9,879$1,098-$10,977
Payroll Taxes$6,859$762-$7,621
Interest$4,116$790-$4,906
Fees for Services Accounting$2,993$332-$3,325
Information Technology$1,478$164-$1,642
Total Functional Expenses$363,916$41,355$0$405,271
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ronald BernardSecretaryBartending ServicesNo$6,590
Georgianna BarkerDirectorLaundry ServicesNo$3,813
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$4,310
Payroll Taxes-
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
Yes
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Organization has members

Form 990, Part VI, Section A, Line 7A

Members elect the officers and directors of the Board of Directors

Form 990, Part VI, Section A, Line Line 8A/B

Minutes are taken and approved by the Board of Directors at all meetings fo the Board and its committees

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

Form 990 is reviewed by the Executive Director and Chairman of the Board of Directors

Form 990, Part VI, Section B, Line 12A/B

The organization has adopted a conflict of interest policy that requires all officers, directors and trustess to disclose any items, events or transactions that might give rise to a conflict of interest

Form 990, Part VI, Section B, Line 12C

The Board of Directors and Executive Director are directed to review and address any issues that might give rise to a conflict of interest on a regular basis

Form 990, Part VI, Section B, Line 15A

This process is used for hiring and review the Executive Director

Form 990, Part VI, Section C, Line 19

Governing documents are provided upon request. Financial statements are provided to members at the annual meeting. Form 990 is provided upon request

Filing and Contact Details

Filer

Filer Name
Monticello Opera House Inc
EIN
59-1400288
Phone
8509974242
Address
P O Box 518, Monticello, FL 32345

Signing Officer

Name
Jay Adams
Title
President
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Vogelgesang
Formed
1972
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
11
Employees
12
Volunteers
18

Preparer

Firm
TaxAccountingFinancial Services
Address
264 North Cherry Street, Monticello, FL 32344
Preparer
Brenda G Sorensen EA
Phone
8503421040
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IRS990/PayrollTaxesGrp/TotalAmt07621
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04678
IRS990/PrincipalOfficerNm0Denise Vogelgesang
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0452000
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/BusinessCd3711190
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0Merchandise Sales
IRS990/ProgramServiceRevenueGrp/Desc1Ad Sales
IRS990/ProgramServiceRevenueGrp/Desc2Event Income
IRS990/ProgramServiceRevenueGrp/Desc3Stage Companies
IRS990/ProgramServiceRevenueGrp/Desc4Tips and Services Income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110079
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt269531
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt355895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47726
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0145522
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04625
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0221468
IRS990/PYOtherRevenueAmt040360
IRS990/PYProgramServiceRevenueAmt0144407
IRS990/PYRevenuesLessExpensesAmt067858
IRS990/PYSalariesCompEmpBnftPaidAmt045588
IRS990/PYTotalExpensesAmt0267056
IRS990/PYTotalRevenueAmt0334914
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt027296
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt040586
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0432567
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0212539
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0145522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt039245
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030993
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt063751
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0492050
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02947
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04231
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07662
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03122
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt020094
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0136772
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0136772
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02947
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07662
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt020094
IRS990ScheduleA/InvestmentIncomeCYPct00.02910
IRS990ScheduleA/InvestmentIncomePYPct00.06050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt040586
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt040586
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.91200
IRS990ScheduleA/PublicSupportPY509Pct00.93950
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0628822
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0349311
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0145522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt039245
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt030993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063751
IRS990ScheduleA/Total509Grp/TotalAmt0628822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0392844
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0149753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt041377
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt038655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt066873
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0689502
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0141540
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0324772
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0466312
IRS990ScheduleD/EquipmentGrp/BookValueAmt08508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039243
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047751
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt072762
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072762
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0226176
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0147294
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0373470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0448986
IRS990ScheduleD/TotalLiabilityAmt04310
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Georgianna Barker
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Ronald Bernard
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Secretary
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03813
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt16590
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Laundry Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Bartending Services
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization has members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members elect the officers and directors of the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Minutes are taken and approved by the Board of Directors at all meetings fo the Board and its committees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by the Executive Director and Chairman of the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has adopted a conflict of interest policy that requires all officers, directors and trustess to disclose any items, events or transactions that might give rise to a conflict of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors and Executive Director are directed to review and address any issues that might give rise to a conflict of interest on a regular basis
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This process is used for hiring and review the Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents are provided upon request. Financial statements are provided to members at the annual meeting. Form 990 is provided upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section a, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section a, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line Line 8a/b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11a

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