Civic Intelligence

El Paso Opera Foundation

990EZ • Fiscal year 2014 • EIN 74-2901653

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

PO Box 5106El Paso, TX 79953

(915) 581-5534

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Annualized from 2013 to 2014

Assets

Down

$65,089

Down $7,720 (-11%) from 2013

Net Assets

Up

$65,089

Up $200 (+0.3%) from 2013

Liabilities

Down

$0

Down $7,920 (-100%) from 2013

Revenue

Up

$200

Up $200 from 2013

Expenses

Flat

$0

Flat from 2013

Net Income

Up

$200

Up $200 from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $61,089Liabilities 2010: $0Net Assets 2010: $61,0892010Assets 2011: $61,589Liabilities 2011: $0Net Assets 2011: $61,5892011Assets 2012: $61,889Liabilities 2012: $0Net Assets 2012: $61,8892012Assets 2013: $72,809Liabilities 2013: $7,920Net Assets 2013: $64,8892013Assets 2014: $65,089Liabilities 2014: $0Net Assets 2014: $65,0892014Assets 2015: $62,932Net Assets 2015: $62,9322015Assets 2016: $87,932Net Assets 2016: $87,9322016Assets 2017: $37,936Liabilities 2017: $02017Assets 2018: $946Liabilities 2018: $0Net Assets 2018: $9462018

Highlighted filing

2014

Assets$65,089
Liabilities$0
Net Assets$65,089

Operations Trend

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

$50K$0-$50KRevenue 2010: $162Expenses 2010: $0Net Income 2010: $1622010Revenue 2011: $500Expenses 2011: $0Net Income 2011: $5002011Revenue 2012: $300Expenses 2012: $0Net Income 2012: $3002012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $200Expenses 2014: $0Net Income 2014: $2002014Revenue 2015: $1,000Expenses 2015: $3,157Net Income 2015: -$2,1572015Revenue 2016: $25,0002016Revenue 2017: $4Expenses 2017: $50,000Net Income 2017: -$49,9962017Revenue 2018: $0Expenses 2018: $36,990Net Income 2018: -$36,9902018

Highlighted filing

2014

Revenue$200
Expenses$0
Net Income$200
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$200
Mission and Program Overview

Mission

As a support organization, the foundation raises money, invests funds raised, and distributes substantially all of its income to el paso opera. The foundation's charter limits distributions exclusively to el paso opera.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION WAS FORMED AS A SUPPORT ORGANIZATION FOR EL PASO OPERA, A TEXAS NON-PROFIT CORPORATION, WHICH HAS ITS PRINCIPAL PLACE OF BUSINESS IN EL PASO, TEXAS, AND WHICH PRODUCES MULTIPLE MAJOR OPERATIC PERFORMANCES IN THE AREA OF EL PASO, TEXAS EACH SEASON. AS A SUPPORT ORGANIZATION, THE FOUNDATION RAISES MONEY, INVESTS FUNDS RAISED, AND DISTRIBUTES SUBSTANTIALLY ALL OF ITS INCOME TO EL PASO OPERA. THE FOUNDATION'S CHARTER LIMITS DISTRIBUTIONS EXCLUSIVELY TO EL PASO OPERA.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERNESTO HERRERAPresident-$0--
MICHAEL J WHITEVice Preside-$0--
LESLEY GOSLINGSecretary-$0--
WILMA SALZMANTreasurer-$0--
JENNIFER CEDILLOMember-$0--
RICARDO FERNANDEZMember-$0--
CHRIS KLEBERGMember-$0--
Filing and Contact Details

Filer

Filer Name
El Paso Opera Foundation
EIN
74-2901653
Phone
9155815534
Address
PO BOX 5106, EL PASO, TX 79953

Signing Officer

Name
Ernesto Herrera
Title
President
Phone
9155815534
Signed
2015-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Accounting & Consulting Group Llp
Address
810 E YANDELL DR, EL PASO, TX 79902
Preparer
Michael J White
Phone
9155328400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24

Receivable from el paso opera 43,867 40,397 total 43,867 40,397

Form 990-ez, Part II, Line 26

Unsecured notes and loans payable 7,920 0

Form 990-ez, Part III

As a support organization, the foundation raises money, invests funds raised, and distributes substantially all of its income to el paso opera. The foundation's charter limits distributions exclusively to el paso opera.

Form 990-ez, Part III, Line 28

The foundation was formed as a support organization for el paso opera, a texas non-profit corporation, which has its principal place of business in el paso, texas, and which produces multiple major operatic performances in the area of el paso, texas each season. As a support organization, the foundation raises money, invests funds raised, and distributes substantially all of its income to el paso opera. The foundation's charter limits distributions exclusively to el paso opera.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RECEIVABLE FROM EL PASO OPERA 43,867 40,397 TOTAL 43,867 40,397
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNSECURED NOTES AND LOANS PAYABLE 7,920 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS A SUPPORT ORGANIZATION, THE FOUNDATION RAISES MONEY, INVESTS FUNDS RAISED, AND DISTRIBUTES SUBSTANTIALLY ALL OF ITS INCOME TO EL PASO OPERA. THE FOUNDATION'S CHARTER LIMITS DISTRIBUTIONS EXCLUSIVELY TO EL PASO OPERA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION WAS FORMED AS A SUPPORT ORGANIZATION FOR EL PASO OPERA, A TEXAS NON-PROFIT CORPORATION, WHICH HAS ITS PRINCIPAL PLACE OF BUSINESS IN EL PASO, TEXAS, AND WHICH PRODUCES MULTIPLE MAJOR OPERATIC PERFORMANCES IN THE AREA OF EL PASO, TEXAS EACH SEASON. AS A SUPPORT ORGANIZATION, THE FOUNDATION RAISES MONEY, INVESTS FUNDS RAISED, AND DISTRIBUTES SUBSTANTIALLY ALL OF ITS INCOME TO EL PASO OPERA. THE FOUNDATION'S CHARTER LIMITS DISTRIBUTIONS EXCLUSIVELY TO EL PASO OPERA.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS: THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
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ReturnHeader/ReturnTs02015-11-13T17:45:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings