Civic Intelligence

Florida Grand Opera Inc

EIN 65-0496477 • 501(c)3 • Miami, FL

Profile

See schedule othe mission of florida grand opera is to enrich people's lives through an awareness and deeper appreciation of opera while supporting the operations of the greater miami opera, inc and the opera guild, inc. By expanding its reach to diverse communities throughout miami and fort lauderale and wider audience abroad creating a cultural destination. To accomplish our mission, we produce world-class opera, we champion new works, we build new audiences, we educate and engage our community, and we nurture the finist opera artists, artisans, and administrators of each generation. By doing so, we strengthen the cultural and economic vitality of the south florida community.

8390 NW 25th StreetMiami, FL 33122

www.fgo.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.13x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

93rd percentile

2.96x

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

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

67th percentile

$176,751

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 42.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

58th percentile

6.8%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

84%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$8,567,957

Down $147,218 (-1.7%) from 2023

Liabilities

Down

$918,040

Down $631,232 (-41%) from 2023

Net Assets

Up

$7,649,917

Up $484,014 (+6.8%) from 2023

Revenue

Down

$225,354

Down $24,066 (-9.6%) from 2023

Expenses

Up

$239,974

Up $9,927 (+4.3%) from 2023

Net Income

Down

-$14,620

Down $33,993 (-175%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $12,144,343Liabilities 2010: $1,214,846Net Assets 2010: $10,929,4972010Assets 2011: $13,403,957Liabilities 2011: $1,215,866Net Assets 2011: $12,188,0912011Assets 2012: $13,529,648Liabilities 2012: $1,460,350Net Assets 2012: $12,069,2982012Assets 2013: $13,410,855Liabilities 2013: $1,460,350Net Assets 2013: $11,950,5052013Assets 2014: $16,908,311Liabilities 2014: $140,000Net Assets 2014: $16,768,3112014Assets 2015: $16,461,801Liabilities 2015: $140,000Net Assets 2015: $16,321,8012015Assets 2016: $9,184,214Liabilities 2016: $2,833,842Net Assets 2016: $6,350,3722016Assets 2017: $13,146,026Liabilities 2017: $6,559,409Net Assets 2017: $6,586,6172017Assets 2018: $11,965,308Liabilities 2018: $7,996,632Net Assets 2018: $3,968,6762018Assets 2019: $11,977,797Liabilities 2019: $10,175,981Net Assets 2019: $1,801,8162019Assets 2020: $7,503,042Liabilities 2020: $4,387,791Net Assets 2020: $3,115,2512020Assets 2021: $7,717,925Liabilities 2021: $3,975,803Net Assets 2021: $3,742,1222021Assets 2022: $7,700,234Liabilities 2022: $704,572Net Assets 2022: $6,995,6622022Assets 2023: $8,715,175Liabilities 2023: $1,549,272Net Assets 2023: $7,165,9032023Assets 2024: $8,567,957Liabilities 2024: $918,040Net Assets 2024: $7,649,9172024

Highlighted filing

2024

Assets$8,567,957
Liabilities$918,040
Net Assets$7,649,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $382,4122010Revenue 2011: $1,622,856Expenses 2011: $364,262Net Income 2011: $1,258,5942011Expenses 2012: $384,8352012Expenses 2013: $384,8352013Revenue 2014: $420,830Expenses 2014: $615,805Net Income 2014: -$194,9752014Revenue 2015: $370,006Expenses 2015: $650,885Net Income 2015: -$280,8792015Revenue 2016: $8,584,645Expenses 2016: $7,122,038Net Income 2016: $1,462,6072016Revenue 2017: $4,879,378Expenses 2017: $4,788,964Net Income 2017: $90,4142017Revenue 2018: $2,978,731Expenses 2018: $4,396,672Net Income 2018: -$1,417,9412018Revenue 2019: $2,251,284Expenses 2019: $4,418,144Net Income 2019: -$2,166,8602019Revenue 2020: $3,319,117Expenses 2020: $1,910,077Net Income 2020: $1,409,0402020Revenue 2021: $1,122,319Expenses 2021: $1,031,689Net Income 2021: $90,6302021Revenue 2022: $5,233,007Expenses 2022: $1,900,776Net Income 2022: $3,332,2312022Revenue 2023: $249,420Expenses 2023: $230,047Net Income 2023: $19,3732023Revenue 2024: $225,354Expenses 2024: $239,974Net Income 2024: -$14,6202024

Highlighted filing

2024

Revenue$225,354
Expenses$239,974
Net Income-$14,620

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.57$0.92$7.65$0.23$0.24$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.72$1.55$7.17$0.25$0.23$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.70$0.70$7.00$5.23$1.90$3.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.72$3.98$3.74$1.12$1.03$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$4.39$3.12$3.32$1.91$1.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.0$10.2$1.80$2.25$4.42$2.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$8.00$3.97$2.98$4.40$1.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$6.56$6.59$4.88$4.79$0.09
2016Detailed filing. Detailed filing data is available for this year.$9.18$2.83$6.35$8.58$7.12$1.46
2015Detailed filing. Detailed filing data is available for this year.$16.5$0.14$16.3$0.37$0.65$0.28
2014Detailed filing. Detailed filing data is available for this year.$16.9$0.14$16.8$0.42$0.62$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$1.46$12.0$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$1.46$12.1$0.38
2011Summary only. Only limited summary data is available for this year.$13.4$1.22$12.2$1.62$0.36$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$1.21$10.9$0.38
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 4, 2019
Return Version
2017v2.3
Gross Receipts
$2,978,731
Mission and Program Overview

Mission

The mission of florida grand opera is to enrich people's lives through an awareness and deeper appreciation of opera while supporting the operations of the greater miami opera and the opera guild, inc. By expanding its reach to diverse communities throughout miami and fort lauderale and wider audiences abroad creating a cultural destination. To accomplish our mission, we produce world-class opera, we champion new works, we build new audiences, we educate and engage our community, and we nurture the finest opera artists, artisans, and administrators of each generation. By doing so, we strengthen the cultural and economic vitality of the south florida community.

To enrich people's lives through an awareness and deeper appreciation of opera.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,332,381$5,147,892▼ $184,489
Pledges and Grants Receivable$2,707,221$1,114,298▼ $1,592,923
Investments in Publicly Traded Securities$340,007$440,007▲ $100,000
Loans From Officers Directors$1,470,000$400,000▼ $1,070,000
Prepaid Expenses and Deferred Charges$50,056$0▼ $50,056
Cash and Non-Interest-Bearing Accounts$1,332,923$36,244▼ $1,296,679
Total Assets$13,146,026$11,965,308▼ $1,180,718
Other Assets Total$3,383,438$5,226,867▲ $1,843,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,400,165$6,776,774▲ $3,376,609
Accounts Payable and Accrued Expenses$1,079,244$819,858▼ $259,386
Unsecured Notes Loans Payable$610,000--
Total Liabilities$6,559,409$7,996,632▲ $1,437,223
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,200,000$2,200,000→ $0
Temporarily Rstr Net Assets$1,403,645$1,096,298▼ $307,347
Unrestricted Net Assets$2,982,972$672,378▼ $2,310,594
Total Net Assets Fund Balance$6,586,617$3,968,676▼ $2,617,941
Total Liabilities and Net Assets / Fund Balance$13,146,026$11,965,308▼ $1,180,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,351,140$2,102,033$5,453,172
Land$1,700,000-$1,700,000
Equipment$36,752$740,167$776,920
Other Land Buildings$60,000-$60,000
Other Assets Org$5,226,867--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$340,007$100,000▲ $5,214$5,214$440,007
2016$127,622$175,000▲ $37,385-$340,007
2015$731,815-▲ $6,917$611,110$127,622
2014$1,208,856-▲ $38,400$515,241$723,015
2013-$1,206,891▲ $1,765-$1,208,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan T DanisCEOFT$260,957$260,957
Aaron FeinbergDirector of FinanceFT$101,927$101,927
Kevin MynattDirector of ProductionFT$101,837$101,837

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Miami Symphonic Entertainment INCOrchestraPO BOX 310578, Miami, FL 33130$743,815
Revenue and Support

Revenue Composition

Contributions and Grants
$2,954,477
Program Service Revenue
$19,040
Investment Income
$5,214
Other Revenue
$0
All Other Contributions
$2,954,477
Change in Net Assets
$-1,417,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,508,412
Other Expenses$1,118,081
Salaries, Compensation, and Employee Benefits$770,179
Total Fundraising Expense$287,460
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,508,412--$2,508,412
Interest-$454,813-$454,813
Current Officers, Directors, Trustees, and Key Employees-$362,281$80,180$442,461
Other Salaries and Wages-$127,093$126,053$253,146
Depreciation Depletion-$181,140-$181,140
Fees for Services Other-$77,614$24,585$102,199
Occupancy-$56,281$176$56,457
Insurance-$52,256-$52,256
Office Expenses-$44,174$525$44,699
Payroll Taxes-$31,486$10,336$41,822
Fees for Services Accounting-$36,000-$36,000
Other Employee Benefits-$23,528$9,222$32,750
Other Expenses-$325$18,222$18,547
All Other Expenses-$2,883$1,300$4,183
Fees for Services Legal-$1,548-$1,548
Total Functional Expenses$2,508,412$1,600,800$287,460$4,396,672
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Miami Opera IncMiami, FL501(c)(3)Support$1,819,105
Opera Guild IncMiami, FL501(c)(3)Support$689,307
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,470,000$400,000▼ $1,070,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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, Part VI, Section A, Line 4

During the fiscal year ended 6/30/2018, the company approved restated and amended bylaws.

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

A copy of the form 990 will be reviewed and approved by the ceo and cfo. The return is then submitted to and reviewed by the organization's audit committee. The audit committee then makes a recommendation to the board concerning approval of the 990.

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

Management closely reviews all transactions to ensure no conflicts exist.

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

The organization appointed a compensation committee that determined and recommended the salary for the ceo and general director. The proposed salaries were then further discussed and approved by the entire board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Florida Grand Opera Inc
EIN
65-0496477
Phone
3057911189
Address
8390 NW 25TH STREET, MIAMI, FL 33122

Signing Officer

Name
Susan T Danis
Title
General Director and CEO
Phone
3057911189
Signed
2019-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan T Danis
Formed
1949
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
234
Volunteers
250

Preparer

Firm
Morrison Brown Argiz & Farra LLC
Address
1450 BRICKELL AVENUE 18TH FLOOR, MIAMI, FL 33131
Preparer
David Hollander
Phone
3053735500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Florida grand opera aims to be a driving force of cultural growth in south florida through the presentation of the most comprehensive art form in the world - opera. Our world-class operatic productions are all-inclusive artistic offerings that incorporate powerful voices, inspired musical performance, entrancing dance, captivating set design, and more. We strive to bring each element of this multi-faceted spectacle to life on stage, while having a positive impact and improving quality of life in our community and beyond. The company's reach stands on four main pillars: artistic integrity, talent development, educational outreach, and technological innovation. Our artistic integrity hinges on offering a mixed operatic selection of classics as well as contemporary or new works, speaking to the diversity of our community while contributing to the development of the art form as a whole. We also aspire to foster young, promising talents through our studio artist program, contributing to a solid future for the tradition of opera. Our educational programs focus on opening young audiences to the wonders of classical music through multiple approaches - from in-classroom activities to full-scale performances especially focusing on underserved populations.

Raw XML AppendixShowing 400 of 677 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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IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivityOrMissionDesc0TO ENRICH PEOPLE'S LIVES THROUGH AN AWARENESS AND DEEPER APPRECIATION OF OPERA.
IRS990/AllOtherContributionsAmt02954477
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IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02883
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IRS990/BooksInCareOfDetail/PhoneNum03058541643
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt08390 NW 25TH STREET
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IRS990/Desc0SUPPORTED THE OPERATIONS OF THE GREATER MIAMI OPERA, INC. AND THE OPERA GUILD, INC. IN THE PRODUCTION AND PRESENTATION OF OPERAS IN THEIR ORIGINAL LANGUAGES TO THE PUBLIC. OVER 33,000 PEOPLE BENEFITED FROM THE PRODUCTIONS HELD IN THE 2017/2018 SEASON.STUDIO ARTIST PROGRAM - FOUNDED IN 1984, FGO'S STUDIO ARTIST ("SA") PROGRAM HAS GAINED WORLDWIDE RECOGNITION AS ONE OF THE LEADING OPERATIC TRAINING PROGRAMS IN THE UNITED STATES. THE SA PROGRAM IS DESIGNED FOR ARTISTS WHO HAVE COMPLETED ADVANCED DEGREES FROM THE TOP MUSIC SCHOOLS IN THE COUNTRY, AND HAVE OFTEN PARTICIPATED IN OTHER YEARLONG RESIDENCY PROGRAMS. THE PROGRAM NOT ONLY EXISTS TO PROVIDE THE HIGHEST CALIBER TRAINING FOR YOUNG OPERA SINGERS BUT ALSO SERVES AS AN INVALUABLE COMMUNITY LIAISON FOR FGO; PRESENTING A VAST NUMBER OF OUTREACH AND EDUCATION EVENTS THROUGHOUT SOUTH FLORIDA, BRINGING OPERA TO NEW AND DIVERSE AUDIENCES THROUGHOUT THE REGION.OUTREACH AND EDUCATION - FGO'S PRESENTS MORE THAN 150 PROGRAMS EACH YEAR BASED IN THE COMMUNITY. THIS INCLUDES BUT IS NOT LIMITED TO THE WORKING WITH CHILDREN THAT ARE VICTIMS OF HUMAN AND SEX TRAFFICKING, FREE CONCERTS FOR THE GENERAL PUBLIC AND INTENSE WORK WITH CHILDREN OF MIGRANT WORKERS IN FLORIDA CITY. PROJECT ACTIVITIES WILL INCLUDE AN INTRODUCTION TO OPERA, VOCAL/MUSICAL ELEMENTS, PRODUCTION ELEMENTS, AND LIVE OPERA EXPERIENCES.
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