Civic Intelligence

Opera Parallele

990 • Fiscal year 2016 • EIN 72-1584393

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 21, 2017

44 Page Street Suite 400San Francisco, CA 94102

(415) 626-6279

Siviq Scores

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

Liabilities / Assets

90th percentile

0.79x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.06x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

77th percentile

$71,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

44th percentile

0.2%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$66,148

Up $132 (+0.2%) from 2015

Net Assets

Up

$13,648

Up $7 (+0.1%) from 2015

Liabilities

Up

$52,500

Up $125 (+0.2%) from 2015

Revenue

Down

$894,740

Down $124,695 (-12%) from 2015

Expenses

Down

$894,733

Down $110,269 (-11%) from 2015

Net Income

Down

$7

Down $14,426 (-100%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $106,691Liabilities 2011: $59,000Net Assets 2011: $47,6912011Assets 2012: $26,220Liabilities 2012: $0Net Assets 2012: $26,2202012Assets 2013: $25,922Liabilities 2013: $18Net Assets 2013: $25,9042013Assets 2014: $50,225Liabilities 2014: $51,017Net Assets 2014: -$7922014Assets 2015: $66,016Liabilities 2015: $52,375Net Assets 2015: $13,6412015Assets 2016: $66,148Liabilities 2016: $52,500Net Assets 2016: $13,6482016Assets 2017: $299,410Liabilities 2017: $89,150Net Assets 2017: $210,2602017Assets 2018: $353,831Liabilities 2018: $83,694Net Assets 2018: $270,1372018Assets 2019: $150,504Liabilities 2019: $80,543Net Assets 2019: $69,9612019Assets 2020: $1,321,598Liabilities 2020: $1,029,258Net Assets 2020: $292,3402020Assets 2021: $1,429,615Liabilities 2021: $845,980Net Assets 2021: $583,6352021Assets 2022: $1,205,583Liabilities 2022: $234,199Net Assets 2022: $971,3842022Assets 2023: $2,566,374Liabilities 2023: $240,841Net Assets 2023: $2,325,5332023Assets 2024: $1,965,942Liabilities 2024: $227,612Net Assets 2024: $1,738,3302024

Highlighted filing

2016

Assets$66,148
Liabilities$52,500
Net Assets$13,648

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $364,024Expenses 2011: $343,956Net Income 2011: $20,0682011Revenue 2012: $247,913Expenses 2012: $269,384Net Income 2012: -$21,4712012Revenue 2013: $475,502Expenses 2013: $475,818Net Income 2013: -$3162013Revenue 2014: $602,506Expenses 2014: $629,202Net Income 2014: -$26,6962014Revenue 2015: $1,019,435Expenses 2015: $1,005,002Net Income 2015: $14,4332015Revenue 2016: $894,740Expenses 2016: $894,733Net Income 2016: $72016Revenue 2017: $1,173,518Expenses 2017: $976,906Net Income 2017: $196,6122017Revenue 2018: $1,159,443Expenses 2018: $1,099,566Net Income 2018: $59,8772018Revenue 2019: $1,056,971Expenses 2019: $1,257,147Net Income 2019: -$200,1762019Revenue 2020: $1,176,879Expenses 2020: $954,488Net Income 2020: $222,3912020Revenue 2021: $1,093,943Expenses 2021: $802,648Net Income 2021: $291,2952021Revenue 2022: $1,325,230Expenses 2022: $1,682,252Net Income 2022: -$357,0222022Revenue 2023: $3,280,089Expenses 2023: $1,925,833Net Income 2023: $1,354,2562023Revenue 2024: $1,408,973Expenses 2024: $1,996,176Net Income 2024: -$587,2032024

Highlighted filing

2016

Revenue$894,740
Expenses$894,733
Net Income$7
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 21, 2017
Return Version
2015v3.0
Gross Receipts
$949,498
Mission and Program Overview

Mission

Opera Parallles interactive educational programs are dedicated to engaging increasingly diverse communities.

To present innovative performances of contemporary operas, embracing modern aesthetics, cutting-edge technology,and social relevance as essential to the future of the form, as well as to create imaginative educational programs that engage all our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$23,487$34,212▲ $10,725
Cash and Non-Interest-Bearing Accounts$40,525$26,412▼ $14,113
Savings and Temporary Cash Investments$2,004$2,004→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$66,016$66,148▲ $132
Other Assets Total-$3,520-
Liabilities
Unsecured Notes Loans Payable-$30,181-
Deferred Revenue$38,335$16,450▼ $21,885
Accounts Payable and Accrued Expenses$14,040$5,869▼ $8,171
Total Liabilities$52,375$52,500▲ $125
Net Assets / Fund Balance
Temporarily Rstr Net Assets$65,000--
Unrestricted Net Assets$-51,359$13,648▲ $65,007
Total Net Assets Fund Balance$13,641$13,648▲ $7
Total Liabilities and Net Assets / Fund Balance$66,016$66,148▲ $132

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,520--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicole PaiementMusic DirectorPT$71,000$71,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$464,353
Program Service Revenue
$278,761
Investment Income
$0
Other Revenue
$151,626
All Other Contributions
$402,253
Change in Net Assets
$7

Audited Revenue Reconciliation

Revenue per Audited Statements
$894,740
Revenue Not Reported on Form 990
$54,758
Total Revenue per Audited Statements
$949,498
Total Revenue per Form 990
$894,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$609,303
Other Expenses$285,430
Total Fundraising Expense$17,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$326,224$153,206-$479,430
Current Officers, Directors, Trustees, and Key Employees$91,484$20,484-$111,968
Occupancy$20,099$27,865-$47,964
Travel$14,087$15,360-$29,447
Fees for Services Other-$17,208-$17,208
Payroll Taxes-$16,283-$16,283
Advertising$9,312$3,251-$12,563
Other Expenses$4,820$6,750$17,590$11,570
All Other Expenses-$9,987-$9,987
Interest-$7,928-$7,928
Insurance-$5,748-$5,748
Information Technology-$5,372-$5,372
Other Employee Benefits-$1,622-$1,622
Total Functional Expenses$585,482$291,661$17,590$894,733

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$949,491
Expenses per Audited Statements$894,733
Total Expenses per Form 990$894,733
Expenses Not Reported on Form 990$54,758
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$198,484
Fundraising Direct Expenses$54,758
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala 2015$198,484$198,484$54,758$143,726
Total Events$198,484$198,484$54,758$143,726
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
Nicole PaiementMusic Dir. is BODPayment for classNo$71,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an authorization is signed and provided to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed (paper or electronically) with the designated governmental agencies. The tax returns are then signed by the organization, stamped and mailed with certified return receipt or the signed form 8879 is provided to the outside accounting firm allowing electronic filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Board of Directors is small and the monitoring is self-reporting.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Federal Tax Returns are available at guidestar.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents are available for public inspection at the principal place of business.The conflict of interest policy and the organization's financial statements are available on the Organization's website and upon request.

Filing and Contact Details

Filer

Filer Name
Opera Parallele
EIN
72-1584393
Phone
4156266279
Address
44 Page Street Suite 400, San Francisco, CA 94102

Signing Officer

Name
Philip Goward
Title
Treasurer/VP
Signed
2017-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Goward
Formed
2004
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
15
Employees
5

Preparer

Firm
Healy and Associates
Address
1200 CONCORD AVE STE 250, CONCORD, CA 94520-4939
Preparer
Suzanne R Healy
Phone
9256030800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code, and Section 23701(d) of the California Revenue and Taxation Code, respectively. The Organization has adopted the accounting guidance related to uncertain tax positions, and has evaluated its tax positions and believes that all of the positions taken by the Organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Expenses $54758

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses $54758

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Music Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.23$1.74$1.41$2.00$0.59
2023Detailed filing. Detailed filing data is available for this year.$2.57$0.24$2.33$3.28$1.93$1.35
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.23$0.97$1.33$1.68$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.43$0.85$0.58$1.09$0.80$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.32$1.03$0.29$1.18$0.95$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.08$0.07$1.06$1.26$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.08$0.27$1.16$1.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.09$0.21$1.17$0.98$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.05$0.01$0.89$0.89$0.00
2015Summary only. Only limited summary data is available for this year.$0.07$0.05$0.01$1.02$1.01$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.00$0.60$0.63$0.03
2013Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.48$0.48$0.00
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.25$0.27$0.02
2011Summary only. Only limited summary data is available for this year.$0.11$0.06$0.05$0.36$0.34$0.02