Civic Intelligence

Santa Barbara Opera Association

990 • Fiscal year 2016 • EIN 77-0347413

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

1330 State StreetSanta Barbara, CA 93101

(805) 898-3890

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.13x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$136,517

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

20th percentile

-5.6%

Faster asset growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-8.8%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,602,273

Down $94,499 (-5.6%) from 2015

Net Assets

Down

$1,430,528

Down $160,120 (-10%) from 2015

Liabilities

Up

$171,745

Up $65,621 (+62%) from 2015

Revenue

Down

$1,359,946

Down $131,349 (-8.8%) from 2015

Expenses

Up

$1,520,066

Up $63,000 (+4.3%) from 2015

Net Income

Down

-$160,120

Down $194,349 (-568%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $317,110Liabilities 2010: $35,347Net Assets 2010: $281,7632010Assets 2011: $721,889Liabilities 2011: $0Net Assets 2011: $721,8892011Assets 2012: $1,995,494Liabilities 2012: $108Net Assets 2012: $1,995,3862012Assets 2013: $1,921,733Liabilities 2013: $119,086Net Assets 2013: $1,802,6472013Assets 2014: $1,716,171Liabilities 2014: $83,902Net Assets 2014: $1,632,2692014Assets 2015: $1,696,772Liabilities 2015: $106,124Net Assets 2015: $1,590,6482015Assets 2016: $1,602,273Liabilities 2016: $171,745Net Assets 2016: $1,430,5282016Assets 2017: $1,474,654Liabilities 2017: $155,587Net Assets 2017: $1,319,0672017Assets 2018: $1,823,897Liabilities 2018: $177,467Net Assets 2018: $1,646,4302018Assets 2019: $290,496Liabilities 2019: $162,723Net Assets 2019: $127,7732019Assets 2020: $301,089Liabilities 2020: $195,566Net Assets 2020: $105,5232020Assets 2021: $551,292Liabilities 2021: $220,575Net Assets 2021: $330,7172021Assets 2022: $358,535Liabilities 2022: $158,443Net Assets 2022: $200,0922022Assets 2023: $281,434Liabilities 2023: $118,010Net Assets 2023: $163,4242023Assets 2024: $188,613Liabilities 2024: $225,714Net Assets 2024: -$37,1012024

Highlighted filing

2016

Assets$1,602,273
Liabilities$171,745
Net Assets$1,430,528

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,392,7152010Expenses 2011: $1,184,8442011Expenses 2012: $1,469,9662012Expenses 2013: $1,662,8642013Revenue 2014: $1,464,800Expenses 2014: $1,606,148Net Income 2014: -$141,3482014Revenue 2015: $1,491,295Expenses 2015: $1,457,066Net Income 2015: $34,2292015Revenue 2016: $1,359,946Expenses 2016: $1,520,066Net Income 2016: -$160,1202016Revenue 2017: $1,483,068Expenses 2017: $1,636,380Net Income 2017: -$153,3122017Revenue 2018: $1,670,275Expenses 2018: $1,350,437Net Income 2018: $319,8382018Revenue 2019: $1,502,899Expenses 2019: $1,612,544Net Income 2019: -$109,6452019Revenue 2020: $1,373,926Expenses 2020: $1,397,365Net Income 2020: -$23,4392020Revenue 2021: $1,403,340Expenses 2021: $1,198,429Net Income 2021: $204,9112021Revenue 2022: $1,811,888Expenses 2022: $1,929,465Net Income 2022: -$117,5772022Revenue 2023: $1,863,432Expenses 2023: $1,912,592Net Income 2023: -$49,1602023Revenue 2024: $1,935,163Expenses 2024: $2,112,501Net Income 2024: -$177,3382024

Highlighted filing

2016

Revenue$1,359,946
Expenses$1,520,066
Net Income-$160,120
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,458,309
Mission and Program Overview

Mission

Opera Santa Barbara contributes to the cultural enrichment of our audiences by presenting exciting, high-quality productions and community programs that celebrate the breadth and beauty of opera. Opera Santa Barbara aspires to be a destination opera company, producing a diverse repertoire of traditional and contemporary operas that engage and excite a broad audience.

as a destination opera company, Opera Santa Barbara presents a diverse repertoire of traditional and contemporary opera productions that are exciting and high-quality as well as community programs that celebrate the breadth and beauty of opera.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,572$100,692▼ $76,880
Land, Buildings, and Equipment, Net$62,989$46,141▼ $16,848
Savings and Temporary Cash Investments$33,998$39,858▲ $5,860
Accounts Receivable$4,709$0▼ $4,709
Prepaid Expenses and Deferred Charges$2,333$411▼ $1,922
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,696,772$1,602,273▼ $94,499
Other Assets Total$1,415,171$1,415,171→ $0
Liabilities
Deferred Revenue$104,392$119,134▲ $14,742
Unsecured Notes Loans Payable-$48,500-
Accounts Payable and Accrued Expenses$1,732$4,111▲ $2,379
Total Liabilities$106,124$171,745▲ $65,621
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,424,101$1,423,951▼ $150
Unrestricted Net Assets$166,547$6,577▼ $159,970
Total Net Assets Fund Balance$1,590,648$1,430,528▼ $160,120
Total Liabilities and Net Assets / Fund Balance$1,696,772$1,602,273▼ $94,499

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$45,256$105,313$150,569
Equipment$885$59,236$60,121
Other Assets Org$1,415,171--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven SharpeGeneral DirectorFT$126,250$10,267$136,517

Board Members and Trustees

NameTitle
Nancy GoldenChairman
Sandy UrquhartFormer Chair
Jon DuprauVice Chair
AC MooreDirector
Beno BudgorDirector
Cynthia BrittainDirector
Dan ReickerDirector
Eric OltmannDirector
Herb KendallDirector
Jean RogersDirector
Joan RutkowskiDirector
Joann YoungerDirector
Judy SmithDirector
Laurel PhillipsDirector
Mary DorraDirector
Pat AndersonsDirector
Rodney BakerDirector
Roger DavidsonDirector
Sarah ChrismanDirector
Simon WilliamsDirector
Stuart KartDirector
Mary PennySecretary
Richard BanksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$865,336
Program Service Revenue
$341,584
Investment Income
$84
Other Revenue
$152,942
All Other Contributions
$865,336
Change in Net Assets
$-160,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,359,946
Total Revenue per Audited Statements
$1,359,946
Total Revenue per Form 990
$1,359,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,180,998
Salaries, Compensation, and Employee Benefits$339,068
Total Fundraising Expense$85,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$225,229$30,030$45,046$300,305
Advertising$56,678$7,557$11,336$75,571
Occupancy$29,365$3,915$5,873$39,153
Office Expenses$24,606$3,281$4,921$32,808
Fees for Services Accounting-$29,427-$29,427
Payroll Taxes$19,406$2,588$3,881$25,875
Fees for Services Other$15,806$2,107$3,161$21,074
Insurance$12,899$1,720$2,579$17,198
Depreciation Depletion$12,636$1,685$2,527$16,848
Other Employee Benefits$9,666$1,289$1,933$12,888
Other Expenses$4,892$652$979$6,523
Information Technology$1,434$191$287$1,912
Travel$1,238$165$248$1,651
Interest$232$31$46$309
Total Functional Expenses$1,348,665$86,216$85,185$1,520,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,520,066
Total Expenses per Audited Statements$1,520,066
Total Expenses per Form 990$1,520,066
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$242,216
Fundraising Direct Expenses$98,363
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$242,216$242,216-$242,216
Total Events$242,216$242,216$98,363$143,853
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
Ac MooreDirectorInvestment AdvisorNo-

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
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
Yes
Other officer compensation reviewed
No
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 executive director and accountant review the 990 and then present to the board for review and approval prior to filing.

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

A director or committee member who serves as a director, trustee, officer, staff member, consultant or in a similar capacity to an organization that is currently providing funds to the organization, or is providing goods or services to the organization, or is receiving financial support from the organization or has some other direct tangible financial relationship with the organization shall includesuch information on a form that the organization will collect annually, and shall provide updated information to the president as circumstances change.in addition, if any immediate family member of a director or committeemember also serves in a similar capacity for an organization of the typedescribed above, such director or committee member shall include suchinformation on his or her annual reporting form and any updates.the president shall annually prepare, and circulate to the entire board ofdirectors, a list of affiliations of board members with outside organizations that may create conflicts. Unless otherwise notified, the president may assume that past affiliations are continuing.a copy of this conflict of interest policy shall be furnished to each current director and committee members. All new directors and committee members shall be advised of this policy upon undertaking the duties of such office. This policy shall be reviewed annually or as requested by the president.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Executive director's compensation was determined several years ago by using comparable data from other organizations. No increases have been received in the past three years, and the amount when determined upon hiring was approved by the board of directors.

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

990 and governing documents are available upon request by calling the office during business hours.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Opera Santa Barbara
EIN
77-0347413
Phone
8058983890
Address
1330 STATE STREET, SANTA BARBARA, CA 93101

Signing Officer

Name
Steven Sharpe
Title
General Director
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Golden
Formed
1994
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
82
Volunteers
14

Preparer

Firm
Stoltey & Associates
Address
1330 Quarter Horse Trail, Orcutt, CA 93455
Preparer
Brad A Stoltey
Phone
8056895880
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IRS990/MissionDesc0Opera Santa Barbara contributes to the cultural enrichment of our audiences by presenting exciting, high-quality productions and community programs that celebrate the breadth and beauty of opera. Opera Santa Barbara aspires to be a destination opera company, producing a diverse repertoire of traditional and contemporary operas that engage and excite a broad audience.
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IRS990/OtherExpensesGrp/Desc0OPERA PRODUCTIONS
IRS990/OtherExpensesGrp/Desc1Printing and Publications
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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.$0.19$0.23$0.04$1.94$2.11$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.28$0.12$0.16$1.86$1.91$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.16$0.20$1.81$1.93$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.22$0.33$1.40$1.20$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.20$0.11$1.37$1.40$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.16$0.13$1.50$1.61$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.18$1.65$1.67$1.35$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.47$0.16$1.32$1.48$1.64$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.17$1.43$1.36$1.52$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.11$1.59$1.49$1.46$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.72$0.08$1.63$1.46$1.61$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.12$1.80$1.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.00$2.00$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.04$0.28$1.39