Civic Intelligence

The Dallas Opera Foundation

990 • Fiscal year 2020 • EIN 75-2008823

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 08, 2021

Organization ProfileN/A
2403 Flora Street No 500Dallas, TX 75201

(214) 443-1043

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.63x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$243,769

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

11th percentile

-4.8%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

6.8%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$30,194,252

Down $1,530,437 (-4.8%) from 2019

Net Assets

Down

$29,194,252

Down $1,530,437 (-5.0%) from 2019

Liabilities

Flat

$1,000,000

Flat from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin77th percentile

Revenue

Up

$1,586,537

Up $101,568 (+6.8%) from 2019

Expenses

Down

$1,276,947

Down $128,293 (-9.1%) from 2019

Net Income

Up

$309,590

Up $229,861 (+288%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$40M$30M$20M$10M$0Assets 2010: $8,920,551Liabilities 2010: $37,684Net Assets 2010: $8,882,8672010Assets 2011: $13,941,860Liabilities 2011: $0Net Assets 2011: $13,941,8602011Assets 2012: $27,755,320Liabilities 2012: $0Net Assets 2012: $27,755,3202012Assets 2013: $28,752,666Liabilities 2013: $1,000,820Net Assets 2013: $27,751,8462013Assets 2014: $29,710,474Liabilities 2014: $5,000Net Assets 2014: $29,705,4742014Assets 2015: $29,808,198Liabilities 2015: $1,000,000Net Assets 2015: $28,808,1982015Assets 2016: $30,606,440Liabilities 2016: $1,001,300Net Assets 2016: $29,605,1402016Assets 2017: $32,073,323Liabilities 2017: $1,000,000Net Assets 2017: $31,073,3232017Assets 2018: $31,338,044Liabilities 2018: $1,000,000Net Assets 2018: $30,338,0442018Assets 2019: $31,724,689Liabilities 2019: $1,000,000Net Assets 2019: $30,724,6892019Assets 2020: $30,194,252Liabilities 2020: $1,000,000Net Assets 2020: $29,194,2522020Assets 2021: $34,130,808Liabilities 2021: $1,000,000Net Assets 2021: $33,130,8082021Assets 2022: $29,256,860Liabilities 2022: $1,000,000Net Assets 2022: $28,256,8602022Assets 2023: $30,108,430Liabilities 2023: $1,000,000Net Assets 2023: $29,108,4302023

Highlighted filing

2020

Assets$30,194,252
Liabilities$1,000,000
Net Assets$29,194,252
Open 2020 Filing

Operations Trend

Revenue Growth60th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $9,2472010Expenses 2011: $205,6702011Expenses 2012: $70,0612012Expenses 2013: $199,3092013Revenue 2014: $1,677,322Expenses 2014: $54,376Net Income 2014: $1,622,9462014Revenue 2015: $1,438,711Expenses 2015: $106,808Net Income 2015: $1,331,9032015Revenue 2016: $3,268,688Expenses 2016: $42,678Net Income 2016: $3,226,0102016Revenue 2017: $2,428,256Expenses 2017: $43,687Net Income 2017: $2,384,5692017Revenue 2018: $1,566,640Expenses 2018: $45,750Net Income 2018: $1,520,8902018Revenue 2019: $1,484,969Expenses 2019: $1,405,240Net Income 2019: $79,7292019Revenue 2020: $1,586,537Expenses 2020: $1,276,947Net Income 2020: $309,5902020Revenue 2021: $2,969,091Expenses 2021: $3,545,155Net Income 2021: -$576,0642021Revenue 2022: $1,971,206Expenses 2022: $1,274,278Net Income 2022: $696,9282022Revenue 2023: $1,590,776Expenses 2023: $1,328,420Net Income 2023: $262,3562023

Highlighted filing

2020

Revenue$1,586,537
Expenses$1,276,947
Net Income$309,590
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 8, 2021
Return Version
2019v5.2
Gross Receipts
$3,930,455
Mission and Program Overview

Mission

Provide financial support to the dallas opera.

To financially support the dallas opera as endowment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$27,570,747$25,730,720▼ $1,840,027
Other Notes and Loans Receivable, Net$2,698,275$2,678,275▼ $20,000
Cash and Non-Interest-Bearing Accounts$1,455,667$1,785,257▲ $329,590
Total Assets$31,724,689$30,194,252▼ $1,530,437
Liabilities
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$1,000,000$1,000,000→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,062,188$27,510,814▼ $1,551,374
Net Assets Without Donor Restrictions$1,662,501$1,683,438▲ $20,937
Total Net Assets Fund Balance$30,724,689$29,194,252▼ $1,530,437
Total Liabilities and Net Assets / Fund Balance$31,724,689$30,194,252▼ $1,530,437

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$287,373--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$30,724,689$22,993▼ $308,382$2,923,323$27,515,977
2018$30,338,044$21,000▲ $1,735,153$1,362,893$30,724,689
2017$31,073,323$296,562▲ $1,289,298$2,275,389$30,338,044
2016$29,605,140$1,184,166▲ $2,782,331$2,454,627$31,073,323
2015$28,808,198$2,051,422▲ $1,253,150$2,464,952$29,605,140
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Steve SuellentropChair
Ian DerrerGeneral Director & CEO
Davis HamlinTrustee
Holly MayerTrustee
Nick EvenTrustee
Richard SchulzeTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$22,993
Program Service Revenue
$0
Investment Income
$1,563,544
Other Revenue
$0
All Other Contributions
$22,993
Change in Net Assets
$309,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,550,663
Revenue Not Reported on Financial Statements
$35,874
Revenue Not Reported on Form 990
$-1,840,027
Total Revenue per Audited Statements
$-289,364
Total Revenue per Form 990
$1,586,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,233,386
Other Expenses$43,561
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,233,386--$1,233,386
Fees for Service Investment Mgmnt Fees-$35,874-$35,874
Fees for Services Accounting-$7,687-$7,687
Total Functional Expenses$1,233,386$43,561$0$1,276,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,276,947
Expenses per Audited Statements$1,241,073
Total Expenses per Audited Statements$1,241,073
Expenses Not Reported on Financial Statements$35,874
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Dallas OperaDallas, TX501(c)(3)Provide Financial Support to the Dallas Opera.$1,233,386
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$1,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization's form 990 is prepared by an external accounting firm and reviewed by the ceo prior to filing.”

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

“The foundation trustees receive, review and sign a statement that affirms their compliance to this policy.”

Form 990, Part VI, Section B, Line 15

“There is no process for determining compensation because there are no employees.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Dallas Opera Foundation
EIN
75-2008823
Phone
2144431043
Address
2403 FLORA STREET NO 500, DALLAS, TX 75201

Signing Officer

Name
Ian Derrer
Title
CEO
Phone
2144431043
Signed
2021-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Derrer
Formed
1974
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Armanino Llp
Address
15950 N DALLAS PKWY 600, DALLAS, TX 75248
Preparer
Matthew Petroski
Phone
9726611843
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The audit committee of the board of directors has oversight of the audit and selection on an independent accountant.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowment funds is for the benefit of the opera.”

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except to the extent it has unrelated business income. The organization's estimate of the potential outcome of any uncertain tax issues is subject to management's assessment of relevant risks, facts, and circumstances existing at that time. The organization uses a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. To the extent that the organization's assessment of such tax position changes, the change in estimate is recorded in the period in which the determination is made. The organization reports tax-related interest and penalties, if applicable, as a component of income tax expense, as incurred. As of june 30, 2020 and 2019 , no uncertain tax positions have been identified by management and, therefore, no amounts have been recognized in the accompanying consolidated financial statements.”

Raw XML AppendixShowing 400 of 469 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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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt022993
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027515977
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-308382
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt02923323
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt06615
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt030338044
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt030724689
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01735153
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01362893
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt045750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt031073323
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0296562
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt030338044
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01289298
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02275389
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt043687
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt029605140
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01184166
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt031073323
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02782331
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02454627
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt042678
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt028808198
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02051422
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt029605140
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01253150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02464952
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt035874
IRS990ScheduleD/ExpensesSubtotalAmt01241073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt035874
IRS990ScheduleD/InvestmentExpensesNotIncldAmt035874
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt09269780
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt115793154
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2380413
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3287373
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EQUITY SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1FIXED INCOME SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2REAL ESTATE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3COMMODITITES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1840027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.08180
IRS990ScheduleD/RevenueNotReportedAmt0-1840027
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt035874
IRS990ScheduleD/RevenueSubtotalAmt01550663
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS FOR THE BENEFIT OF THE OPERA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. THE ORGANIZATION'S ESTIMATE OF THE POTENTIAL OUTCOME OF ANY UNCERTAIN TAX ISSUES IS SUBJECT TO MANAGEMENT'S ASSESSMENT OF RELEVANT RISKS, FACTS, AND CIRCUMSTANCES EXISTING AT THAT TIME. THE ORGANIZATION USES A MORE LIKELY THAN NOT THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TO THE EXTENT THAT THE ORGANIZATION'S ASSESSMENT OF SUCH TAX POSITION CHANGES, THE CHANGE IN ESTIMATE IS RECORDED IN THE PERIOD IN WHICH THE DETERMINATION IS MADE. THE ORGANIZATION REPORTS TAX-RELATED INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF INCOME TAX EXPENSE, AS INCURRED. AS OF JUNE 30, 2020 AND 2019 , NO UNCERTAIN TAX POSITIONS HAVE BEEN IDENTIFIED BY MANAGEMENT AND, THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.91800
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt025730720
IRS990ScheduleD/TotalExpensesPerForm990Amt01276947
IRS990ScheduleD/TotalLiabilityAmt01000000
IRS990ScheduleD/TotalRevenuePerForm990Amt01586537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-289364
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01241073
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01233386
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE FINANCIAL SUPPORT TO THE DALLAS OPERA.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE DALLAS OPERA
IRS990ScheduleI/RecipientTable/RecipientEIN0756004746
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02403 FLORA STREET SUITE 500
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DALLAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075201
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0233903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt04500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt05366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0IAN DERRER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL DIRECTOR & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0243769
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM AND REVIEWED BY THE CEO PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION TRUSTEES RECEIVE, REVIEW AND SIGN A STATEMENT THAT AFFIRMS THEIR COMPLIANCE TO THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS NO PROCESS FOR DETERMINING COMPENSATION BECAUSE THERE ARE NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS HAS OVERSIGHT OF THE AUDIT AND SELECTION ON AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE DALLAS OPERA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0756004746
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERA PERFORMANCES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02403 FLORA STREET SUITE 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,194,252
Liabilities
$1,000,000
Net assets
$29,194,252
Revenue
$1,586,537
Expenses
$1,276,947
Net income
$309,590
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.1$1.00$29.1$1.59$1.33$0.26
2022Summary only. Only limited summary data is available for this year.$29.3$1.00$28.3$1.97$1.27$0.70
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$1.00$33.1$2.97$3.55$0.58
2020Detailed filing. Detailed filing data is available for this year.$30.2$1.00$29.2$1.59$1.28$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.7$1.00$30.7$1.48$1.41$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$1.00$30.3$1.57$0.05$1.52
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.1$1.00$31.1$2.43$0.04$2.38
2016Detailed filing. Detailed filing data is available for this year.$30.6$1.00$29.6$3.27$0.04$3.23
2015Detailed filing. Detailed filing data is available for this year.$29.8$1.00$28.8$1.44$0.11$1.33
2014Detailed filing. Detailed filing data is available for this year.$29.7$0.01$29.7$1.68$0.05$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.8$1.00$27.8$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$0.00$27.8$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$0.00$13.9$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.92$0.04$8.88$0.01