Civic Intelligence

Tulsa Opera Inc.

990 • Fiscal year 2022 • EIN 73-0643311

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

1610 South BoulderTulsa, OK 74119

(918) 582-4035

Siviq Scores

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

Liabilities / Assets

98th percentile

1.90x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

2.08x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-136%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

26th percentile

-6.4%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,342,709

Down $92,538 (-6.4%) from 2021

Net Assets

Down

-$1,204,185

Down $814,595 (-209%) from 2021

Liabilities

Up

$2,546,894

Up $722,057 (+40%) from 2021

Revenue

Down

$1,223,735

Down $1,886,613 (-61%) from 2021

Expenses

Up

$2,888,253

Up $781,003 (+37%) from 2021

Net Income

Down

-$1,664,518

Down $2,667,616 (-266%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $711,216Liabilities 2011: $1,443,189Net Assets 2011: -$731,9732011Assets 2012: $698,698Liabilities 2012: $1,181,993Net Assets 2012: -$483,2952012Assets 2013: $664,743Liabilities 2013: $1,381,411Net Assets 2013: -$716,6682013Assets 2014: $339,411Liabilities 2014: $1,480,605Net Assets 2014: -$1,141,1942014Assets 2015: $502,080Liabilities 2015: $1,533,575Net Assets 2015: -$1,031,4952015Assets 2016: $361,406Liabilities 2016: $931,562Net Assets 2016: -$570,1562016Assets 2017: $484,560Liabilities 2017: $1,289,979Net Assets 2017: -$805,4192017Assets 2018: $467,389Liabilities 2018: $1,314,560Net Assets 2018: -$847,1712018Assets 2019: $530,675Liabilities 2019: $1,259,921Net Assets 2019: -$729,2462019Assets 2020: $1,547,944Liabilities 2020: $1,971,404Net Assets 2020: -$423,4602020Assets 2021: $1,435,247Liabilities 2021: $1,824,837Net Assets 2021: -$389,5902021Assets 2022: $1,342,709Liabilities 2022: $2,546,894Net Assets 2022: -$1,204,1852022Assets 2023: $1,317,392Liabilities 2023: $3,095,134Net Assets 2023: -$1,777,7422023Assets 2024: $1,366,750Liabilities 2024: $2,417,957Net Assets 2024: -$1,051,2072024

Highlighted filing

2022

Assets$1,342,709
Liabilities$2,546,894
Net Assets-$1,204,185

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,185,951Expenses 2011: $2,390,843Net Income 2011: -$204,8922011Expenses 2012: $2,364,1142012Expenses 2013: $2,257,0592013Revenue 2014: $1,954,435Expenses 2014: $2,292,078Net Income 2014: -$337,6432014Revenue 2015: $2,631,638Expenses 2015: $2,521,939Net Income 2015: $109,6992015Revenue 2016: $2,862,497Expenses 2016: $2,401,158Net Income 2016: $461,3392016Revenue 2017: $2,129,891Expenses 2017: $2,526,755Net Income 2017: -$396,8642017Revenue 2018: $2,525,479Expenses 2018: $2,762,200Net Income 2018: -$236,7212018Revenue 2019: $2,955,786Expenses 2019: $2,804,263Net Income 2019: $151,5232019Revenue 2020: $2,976,666Expenses 2020: $2,735,269Net Income 2020: $241,3972020Revenue 2021: $3,110,348Expenses 2021: $2,107,250Net Income 2021: $1,003,0982021Revenue 2022: $1,223,735Expenses 2022: $2,888,253Net Income 2022: -$1,664,5182022Revenue 2023: $1,882,533Expenses 2023: $2,556,090Net Income 2023: -$673,5572023Revenue 2024: $2,206,462Expenses 2024: $1,863,849Net Income 2024: $342,6132024

Highlighted filing

2022

Revenue$1,223,735
Expenses$2,888,253
Net Income-$1,664,518
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$1,435,474
Mission and Program Overview

Mission

Tulsa opera, inc. Operates in the state of oklahoma for the primary purpose of furthering the appreciaton of music, particularly opera, for the general public. Tulsa opera, inc. Performs select operas throughout the year for the public, including three main stage productions. In addiition to these productions, tulsa opera conducts various educational programs including a three-month touring production to rural schools, a six-month studio artists program, and a year-long youth opera program.

Tulsa opera, inc. Operates in the state of oklahoma for the primary purpose of furthering the appreciation of music, particularly opera, for the general public, including mainstage productions. In addition to theses productions, tulsa opera conducts various educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,145,500$1,206,683▲ $61,183
Pledges and Grants Receivable$254,262$73,666▼ $180,596
Cash and Non-Interest-Bearing Accounts$18,607$48,609▲ $30,002
Prepaid Expenses and Deferred Charges$16,878$13,751▼ $3,127
Total Assets$1,435,247$1,342,709▼ $92,538
Liabilities
Unsecured Notes Loans Payable$1,577,407$2,184,507▲ $607,100
Other Liabilities$166,800$166,800→ $0
Accounts Payable and Accrued Expenses$30,231$111,316▲ $81,085
Deferred Revenue$50,399$84,271▲ $33,872
Total Liabilities$1,824,837$2,546,894▲ $722,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-389,590$-1,204,185▼ $814,595
Total Net Assets Fund Balance$-389,590$-1,204,185▼ $814,595
Total Liabilities and Net Assets / Fund Balance$1,435,247$1,342,709▼ $92,538

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,088,482$9,726$1,098,208
Equipment$-84,773$525,186$440,413
Buildings$30,506$251,813$282,319
Leasehold Improvements$65,631$64,055$129,686
Land$106,837-$106,837

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,444,075-▼ $542,695$290,799$3,588,508
2020$3,899,017-▲ $181,484$184,459$3,875,380
2019$3,793,719-▲ $142,167$184,057$3,733,042
2018$3,763,462-▲ $269,719$185,776$3,828,631
2017$3,982,272-▼ $33,034$167,002$3,763,462
Compensation and Service Providers

Board Members and Trustees

NameTitle
Austin BirnieAudit chair
Kate DavisBoard Development Chair
Scott FilstrupEndowment Chair
Tara OMahonyFund Development Chair
Kelly KirbyTreasurer & Finance Chair
Skip TeelVision Chair
Phena HackettChorus President
Ronnie JobePresident
Mike PatePresident Guild of Tulsa Ope
Steven WaltonVice President
Anna NorbergDirector
Ceretha Terrell-CauseyDirector
Christine McQueenDirector
Lori Decter-WrightDirector
Mark GoldmanDirector
Martin WIngDirector
Peggy HelmerichDirector
Rev Michael JacksonDirector
Susan YoungDirector
Ken McConnellGeneral Director & CEO
Amanda LovelaceLegal Counsel
Leonard PatakiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$671,884
Program Service Revenue
$394,841
Investment Income
$0
Other Revenue
$157,010
All Other Contributions
$586,078
Change in Net Assets
$-1,664,518

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,223,735
Total Revenue per Audited Statements
$1,223,735
Total Revenue per Form 990
$1,223,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,123,185
Salaries, Compensation, and Employee Benefits$765,068
Total Fundraising Expense$211,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$498,883$58,692$29,346$586,921
Travel$149,721--$149,721
Other Expenses$111,608$13,130$6,566$131,304
Current Officers, Directors, Trustees, and Key Employees$109,500$14,000$6,500$130,000
Advertising$116,408--$116,408
Depreciation Depletion$47,182$5,551$2,775$55,508
Information Technology$33,210$3,907$1,953$39,070
Insurance$29,532$3,474$1,738$34,744
Interest$25,503$3,000$1,500$30,003
Occupancy$22,380$2,633$1,316$26,329
Payroll Taxes$21,933$2,580$1,291$25,804
Other Employee Benefits$18,992$2,234$1,117$22,343
Office Expenses$14,593$1,717$859$17,169
Fees for Services Accounting$8,854$1,042$520$10,416
Royalties$1,140--$1,140
Total Functional Expenses$2,384,260$292,254$211,739$2,888,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,888,253
Total Expenses per Audited Statements$2,888,253
Total Expenses per Form 990$2,888,253
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$368,749
Fundraising Direct Expenses$211,739
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Opera Ball$188,500$188,500$18,124$170,376
Pres Council$180,249$180,249-$180,249
Total Events$368,749$368,749$211,739$157,010
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp-1 Loan$166,800
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 35% controlled entity
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
Yes
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

Members or stockholder classes and rights Part VI line 6

All donors are considered members and are invited to the annual meeting

Member election for additional members Part VI line 7A

All members elect the governing board

Form 990 governing body review Part VI line 11

Certain members of the finance committee have reviewed the form and it has been made available to the board of directors prior to filing.

Conflict of interest policy compliance Part VI line 12C

Each board member is required annually to complete a conflict of interest questionnaire. The signed forms are monitored for any related risk.

CEO executive director top management comp Part VI line 15A

The personnel committee conducts reviews, documents its work, and makes recommendations for the compensation in a written report to the president, who executes employement contracts for the general director and artistic director with the approval of the board.

Other officer or key employee compensation Part VI line 15B

The personnel committee conducts reviews, documents its work, and makes recommendations for the compensation in a written report to the president, who executes employement contracts for the general director and artistic director with the approval of the board.

Governing documents etc available to public Part VI line 19

These documents are provided to those who request them. Also these documents are placed on tulsa operas website and on the guidestar website.

Filing and Contact Details

Filer

Filer Name
Tulsa Opera Inc
EIN
73-0643311
Address
1610 South Boulder, Tulsa, OK 74119

Signing Officer

Name
Kelly Kirby
Title
Treasurer
Phone
9185824035
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1948
Legal Domicile
Ok
Voting Board Members
20
Independent Board Members
20
Employees
152
Volunteers
35

Preparer

Firm
Ken McConnell CPA PC
Address
1861 E 15th St, Tulsa, OK 74104
Preparer
Ken McConnell
Phone
9186941062
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Equity transfer from tulsa opera endowment trust

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IRS990/Form990PartVIISectionAGrp/PersonNm13Kate Davis
IRS990/Form990PartVIISectionAGrp/PersonNm14Scott Filstrup
IRS990/Form990PartVIISectionAGrp/PersonNm15Austin Birnie
IRS990/Form990PartVIISectionAGrp/PersonNm16Phena Hackett
IRS990/Form990PartVIISectionAGrp/PersonNm17Mike Pate
IRS990/Form990PartVIISectionAGrp/PersonNm18Steven Walton
IRS990/Form990PartVIISectionAGrp/PersonNm19Ronnie Jobe
IRS990/Form990PartVIISectionAGrp/PersonNm20Kelly Kirby
IRS990/Form990PartVIISectionAGrp/PersonNm21Leonard Pataki
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Legal Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt7General Director & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vision Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Fund Development Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Development Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt14Endowment Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt15Audit chair
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chorus President
IRS990/Form990PartVIISectionAGrp/TitleTxt17President Guild of Tulsa Ope
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt19President
IRS990/Form990PartVIISectionAGrp/TitleTxt20Treasurer & Finance Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt21Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01948
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IRS990/FundraisingGrossIncomeAmt0368749
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt020
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03907
IRS990/InformationTechnologyGrp/ProgramServicesAmt033210
IRS990/InformationTechnologyGrp/TotalAmt039070
IRS990/InsuranceGrp/FundraisingAmt01738
IRS990/InsuranceGrp/ManagementAndGeneralAmt03474
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IRS990/InsuranceGrp/TotalAmt034744
IRS990/InterestGrp/FundraisingAmt01500
IRS990/InterestGrp/ManagementAndGeneralAmt03000
IRS990/InterestGrp/ProgramServicesAmt025503
IRS990/InterestGrp/TotalAmt030003
IRS990/InvestmentExpenseAmt022073
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1204185
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherExpensesGrp/Desc1EDUCATION
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IRS990/OtherExpensesGrp/FundraisingAmt16566
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0180294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113130
IRS990/OtherExpensesGrp/ProgramServicesAmt01174821
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0498883
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IRS990/OwnWebsiteInd0X
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02580
IRS990/PayrollTaxesGrp/ProgramServicesAmt021933
IRS990/PayrollTaxesGrp/TotalAmt025804
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013751
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL OUTREACH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0155564
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1239277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0155564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1239277
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL: TULSA YOUTH OPERA, OUTREACH PERFORMANCES, AND RECITALS
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02458864
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01266279
IRS990/PYOtherRevenueAmt0149412
IRS990/PYProgramServiceRevenueAmt0502072
IRS990/PYRevenuesLessExpensesAmt01003098
IRS990/PYSalariesCompEmpBnftPaidAmt0840971
IRS990/PYTotalExpensesAmt02107250
IRS990/PYTotalRevenueAmt03110348
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1664518
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$2.42$1.05$2.21$1.86$0.34
2023Detailed filing. Detailed filing data is available for this year.$1.32$3.10$1.78$1.88$2.56$0.67
2022Detailed filing. Detailed filing data is available for this year.$1.34$2.55$1.20$1.22$2.89$1.66
2021Detailed filing. Detailed filing data is available for this year.$1.44$1.82$0.39$3.11$2.11$1.00
2020Detailed filing. Detailed filing data is available for this year.$1.55$1.97$0.42$2.98$2.74$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.53$1.26$0.73$2.96$2.80$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.47$1.31$0.85$2.53$2.76$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.48$1.29$0.81$2.13$2.53$0.40
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.93$0.57$2.86$2.40$0.46
2015Detailed filing. Detailed filing data is available for this year.$0.50$1.53$1.03$2.63$2.52$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.34$1.48$1.14$1.95$2.29$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$1.38$0.72$2.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$1.18$0.48$2.36
2011Summary only. Only limited summary data is available for this year.$0.71$1.44$0.73$2.19$2.39$0.20