Civic Intelligence

Houston Grand Opera Endowment Inc.

990 • Fiscal year 2015 • EIN 76-0038314

Aug 01, 2014 to Jul 31, 2015 • Filed on Dec 14, 2015

Organization ProfileN/A
510 PrestonHouston, TX 77002

(713) 546-0257

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

2nd percentile

0.00x

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

94th percentile

58%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

4th percentile

$0

Higher top officer pay than 4% of similar nonprofits.

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

62nd percentile

4.4%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

36%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets2nd percentile

Assets

Flat

$58,770,174

Flat from 2015

Net Assets

Flat

$58,770,174

Flat from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin94th percentile

Revenue

Flat

$5,174,560

Flat from 2015

Expenses

Flat

$2,174,428

Flat from 2015

Net Income

Flat

$3,000,132

Flat from 2015

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$150M$100M$50M$0Assets 2011: $47,127,641Liabilities 2011: $0Net Assets 2011: $47,127,6412011Assets 2012: $46,067,352Liabilities 2012: $0Net Assets 2012: $46,067,3522012Assets 2013: $52,420,392Liabilities 2013: $10,261Net Assets 2013: $52,410,1312013Assets 2014: $56,301,236Liabilities 2014: $0Net Assets 2014: $56,301,2362014Assets 2015: $58,770,174Liabilities 2015: $0Net Assets 2015: $58,770,1742015Assets 2015: $58,770,174Liabilities 2015: $0Net Assets 2015: $58,770,1742015Assets 2016: $57,819,531Liabilities 2016: $0Net Assets 2016: $57,819,5312016Assets 2017: $59,259,136Liabilities 2017: $0Net Assets 2017: $59,259,1362017Assets 2018: $68,447,155Liabilities 2018: $0Net Assets 2018: $68,447,1552018Assets 2019: $69,444,046Liabilities 2019: $26,552Net Assets 2019: $69,417,4942019Assets 2020: $73,373,841Liabilities 2020: $57,313Net Assets 2020: $73,316,5282020Assets 2021: $94,842,059Liabilities 2021: $78,067Net Assets 2021: $94,763,9922021Assets 2022: $88,799,109Liabilities 2022: $0Net Assets 2022: $88,799,1092022Assets 2023: $104,946,305Liabilities 2023: $0Net Assets 2023: $104,946,3052023Assets 2024: $120,594,660Liabilities 2024: $118,258Net Assets 2024: $120,476,4022024

Highlighted filing

2015

Assets$58,770,174
Liabilities$0
Net Assets$58,770,174
Open 2015 Filing

Operations Trend

Revenue Growth89th percentile

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

$30M$20M$10M$0-$10MExpenses 2011: $2,282,6402011Expenses 2012: $2,230,4922012Expenses 2013: $3,179,7792013Revenue 2014: $3,810,432Expenses 2014: $2,236,798Net Income 2014: $1,573,6342014Revenue 2015: $5,174,560Expenses 2015: $2,174,428Net Income 2015: $3,000,1322015Revenue 2015: $5,174,560Expenses 2015: $2,174,428Net Income 2015: $3,000,1322015Revenue 2016: $3,679,083Expenses 2016: $3,953,846Net Income 2016: -$274,7632016Revenue 2017: $3,616,123Expenses 2017: $4,203,584Net Income 2017: -$587,4612017Revenue 2018: $8,754,867Expenses 2018: $2,740,579Net Income 2018: $6,014,2882018Revenue 2019: $5,411,103Expenses 2019: $2,995,618Net Income 2019: $2,415,4852019Revenue 2020: $6,541,019Expenses 2020: $2,909,321Net Income 2020: $3,631,6982020Revenue 2021: $24,478,386Expenses 2021: $3,190,290Net Income 2021: $21,288,0962021Revenue 2022: $5,091,198Expenses 2022: $3,386,633Net Income 2022: $1,704,5652022Revenue 2023: $16,748,714Expenses 2023: $3,719,489Net Income 2023: $13,029,2252023Revenue 2024: $8,016,852Expenses 2024: $4,015,494Net Income 2024: $4,001,3582024

Highlighted filing

2015

Revenue$5,174,560
Expenses$2,174,428
Net Income$3,000,132
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Dec 14, 2015
Return Version
2014v5.0
Gross Receipts
$16,833,966
Mission and Program Overview

Mission

This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,043,259$39,835,020▲ $7,791,761
Investments Other Securities$16,443,966$11,317,088▼ $5,126,878
Pledges and Grants Receivable$4,716,430$3,695,871▼ $1,020,559
Cash and Non-Interest-Bearing Accounts$1,847,561$1,922,175▲ $74,614
Land, Buildings, and Equipment, Net$20$20→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$56,301,236$58,770,174▲ $2,468,938
Other Assets Total$1,250,000$2,000,000▲ $750,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$40,533,651$43,382,714▲ $2,849,063
Temporarily Rstr Net Assets$15,302,057$14,722,441▼ $579,616
Unrestricted Net Assets$465,528$665,019▲ $199,491
Total Net Assets Fund Balance$56,301,236$58,770,174▲ $2,468,938
Total Liabilities and Net Assets / Fund Balance$56,301,236$58,770,174▲ $2,468,938

Asset Categories

AssetBook ValueDepreciationBasis
Land$20--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$56,301,236$2,726,178▲ $1,651,410-$58,770,174
2013$52,410,131$843,353▲ $5,080,285-$56,301,236
2012$46,067,352$3,478,580▲ $5,809,579-$52,410,131
2011$47,127,641$454,627▲ $486,117-$46,067,352
2010$37,171,108$6,951,990▲ $5,082,533-$47,127,641
Compensation and Service Providers
Top Officer Pay4th percentile

Board Members and Trustees

NameTitle
Janet Langford CarrigChairman
Terrylin NealeSenior Chairman
James CrownoverTrustee
Richard HusseiniTrustee
Robert HunterTrustee
Scott WiseTrustee
William E ColburnTrustee
Yolanda KnullTrustee
Stephen KaufmanSecretary
Thomas RushingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,726,178
Program Service Revenue
$0
Investment Income
$2,420,817
Other Revenue
$27,565
All Other Contributions
$2,726,178
Change in Net Assets
$3,000,132

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,908,782
Revenue Not Reported on Financial Statements
$265,778
Revenue Not Reported on Form 990
$26,400,767
Total Revenue per Audited Statements
$31,309,549
Total Revenue per Form 990
$5,174,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,893,938
Other Expenses$280,490
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,893,938--$1,893,938
Fees for Service Investment Mgmnt Fees-$265,778-$265,778
Fees for Services Accounting-$13,212-$13,212
Office Expenses-$1,500-$1,500
Total Functional Expenses$1,893,938$280,490$0$2,174,428

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,271,987
Expenses Not Reported on Form 990$25,257,275
Total Expenses per Form 990$2,174,428
Expenses Not Reported on Financial Statements$2,159,716
Other Expense Adjustments$1,893,938
Expenses per Audited Statements$14,712
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hou Grand Opera Assoc IncHouston, TX501(c)(3)General support$1,893,938
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
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The governing board of directors of Houston Grand Opera Association, Inc. appoints the board of trustees of Houston Grand Opera Endowment, Inc.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Article II of Houston Grand Opera Endowment, Inc.'s bylaws may not be altered, amended or repealed without a majority vote of the governing board of directors of Houston Grand Opera Association, Inc. Article II describes the manner in which trustees are determined as well as the number of trustees and their powers.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviews the 990 and provides a copy to the board of directors via email prior to filing with the IRS.”

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

“When the board is elected for the upcoming fiscal year, each member is emailed a copy of the conflict of interest statement for review. At the first board of directors meeting of the year, the conflict of interest statement is handed out and a request is made to fill it out and return it. Shortly after, the returned statements are compiled and reviewed. Members who have not completed it are contacted and requested to complete it again.”

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

“The financial statements are available on www.houstongrandopera.org and the other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Houston Grand Opera Endowment Inc
EIN
76-0038314
Phone
7135460257
Address
510 Preston, Houston, TX 77002

Signing Officer

Name
Janet Langford Carrig
Title
Chairman
Signed
2015-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Langford Carrig
Formed
1982
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The organization's endowment funds are held solely to support the following activities of Houston Grand Opera Association: general operating, studio, electronic media, music director chair, new productions, Concert of Arias, education, Spring Opera Festival, new productions with artistic merit, and Wagner opera performances.”

Part X : FIN48 Footnote

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Opera and recognize a tax liability (or asset) if the Opera has taken a position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Opera, and has concluded that as of July 31, 2015, there are no positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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

“Consol. audit - revenue of affiliates $26931961”

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

“Consol. audit - expenses of affiliates $25257275”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Grant to affiliate $1893938”

Raw XML AppendixShowing 400 of 552 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt02726178
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Tanya Lovetro Dir of Finance
IRS990/BooksInCareOfDetail/PhoneNum07135460257
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0510 Preston
IRS990/BooksInCareOfDetail/USAddress/CityNm0Houston
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077002
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01847561
IRS990/CashNonInterestBearingGrp/EOYAmt01922175
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02726178
IRS990/CYGrantsAndSimilarPaidAmt01893938
IRS990/CYInvestmentIncomeAmt02420817
IRS990/CYOtherExpensesAmt0280490
IRS990/CYOtherRevenueAmt027565
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03000132
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02174428
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05174560
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01893938
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013212
IRS990/FeesForServicesAccountingGrp/TotalAmt013212
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0265778
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0265778
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Janet Langford Carrig
IRS990/Form990PartVIISectionAGrp/PersonNm1Terrylin Neale
IRS990/Form990PartVIISectionAGrp/PersonNm2Stephen Kaufman
IRS990/Form990PartVIISectionAGrp/PersonNm3Thomas Rushing
IRS990/Form990PartVIISectionAGrp/PersonNm4William E Colburn
IRS990/Form990PartVIISectionAGrp/PersonNm5James Crownover
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert Hunter
IRS990/Form990PartVIISectionAGrp/PersonNm7Richard Husseini
IRS990/Form990PartVIISectionAGrp/PersonNm8Yolanda Knull
IRS990/Form990PartVIISectionAGrp/PersonNm9Scott Wise
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Senior Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01512427
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt01893938
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01893938
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01893938
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt013171833
IRS990/GrossReceiptsAmt016833966
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01063529
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0908390
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-155139
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016443966
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt011317088
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt032043259
IRS990/InvestmentsPubTradedSecGrp/EOYAmt039835020
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020
IRS990/LandBldgEquipCostOrOtherBssAmt020
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt011659406
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt056301236
IRS990/NetAssetsOrFundBalancesEOYAmt058770174
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01286952
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01512427
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0225475
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-531194
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01500
IRS990/OfficeExpensesGrp/TotalAmt01500
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01250000
IRS990/OtherAssetsTotalGrp/EOYAmt02000000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt040533651
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt043382714
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04716430
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03695871
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Janet Langford Carrig
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0843353
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02015054
IRS990/PYInvestmentIncomeAmt02920204
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0221744
IRS990/PYOtherRevenueAmt046875
IRS990/PYRevenuesLessExpensesAmt01573634
IRS990/PYTotalExpensesAmt02236798
IRS990/PYTotalRevenueAmt03810432
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03000132
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt027565
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt027565
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0746016764
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0509(a)(1)
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02174428
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Houston Grand Opera Association
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02174428
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.04890
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt014712
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt056301236
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt02726178
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt058770174
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01893938
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01651410
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017479
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt052410131
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0843353
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt056301236
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02015054
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05080285
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt014948
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt046067352
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03478580
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt052410131
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02930432
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05809579
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt014711
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt047127641
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0454627
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt046067352
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01986322
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0486117
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt011990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt037171108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt06951990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt047127641
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02066000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05082533
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt025257275
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02159716
IRS990ScheduleD/ExpensesSubtotalAmt014712
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0265778
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0265778
IRS990ScheduleD/LandGrp/BookValueAmt020
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt020
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-531194
IRS990ScheduleD/OtherExpensesIncludedAmt025257275
IRS990ScheduleD/OtherExpensesNotIncludedAmt01893938
IRS990ScheduleD/OtherRevenueAmt026931961
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.73820
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt026400767
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0265778
IRS990ScheduleD/RevenueSubtotalAmt04908782
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization's endowment funds are held solely to support the following activities of Houston Grand Opera Association: general operating, studio, electronic media, music director chair, new productions, Concert of Arias, education, Spring Opera Festival, new productions with artistic merit, and Wagner opera performances.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Opera and recognize a tax liability (or asset) if the Opera has taken a position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Opera, and has concluded that as of July 31, 2015, there are no positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Consol. audit - revenue of affiliates $26931961
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Consol. audit - expenses of affiliates $25257275
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Grant to affiliate $1893938
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.21290
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020
IRS990ScheduleD/TotalBookValueSecuritiesAmt011317088

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,770,174
Liabilities
$0
Net assets
$58,770,174
Revenue
$5,174,560
Expenses
$2,174,428
Net income
$3,000,132
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$0.12$120$8.02$4.02$4.00
2023Summary only. Only limited summary data is available for this year.$105$0.00$105$16.7$3.72$13.0
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.8$0.00$88.8$5.09$3.39$1.70
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.8$0.08$94.8$24.5$3.19$21.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.4$0.06$73.3$6.54$2.91$3.63
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.4$0.03$69.4$5.41$3.00$2.42
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.4$0.00$68.4$8.75$2.74$6.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.3$0.00$59.3$3.62$4.20$0.59
2016Detailed filing. Detailed filing data is available for this year.$57.8$0.00$57.8$3.68$3.95$0.27
2015Detailed filing. Detailed filing data is available for this year.$58.8$0.00$58.8$5.17$2.17$3.00
2015Summary only. Only limited summary data is available for this year.$58.8$0.00$58.8$5.17$2.17$3.00
2014Detailed filing. Detailed filing data is available for this year.$56.3$0.00$56.3$3.81$2.24$1.57
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.4$0.01$52.4$3.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.1$0.00$46.1$2.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$0.00$47.1$2.28