Civic Intelligence

Opera Montana

990 • Fiscal year 2018 • EIN 81-0382552

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 30, 2018

PO Box 37Bozeman, MT 59771

(406) 587-2889

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.10x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.05x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$35,750

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

29th percentile

-4.2%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

14%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$284,313

Down $12,430 (-4.2%) from 2017

Net Assets

Up

$256,764

Up $6,218 (+2.5%) from 2017

Liabilities

Down

$27,549

Down $18,648 (-40%) from 2017

Revenue

Up

$533,793

Up $63,653 (+14%) from 2017

Expenses

Up

$527,575

Up $72,267 (+16%) from 2017

Net Income

Down

$6,218

Down $8,614 (-58%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $186,929Liabilities 2011: $1,494Net Assets 2011: $185,4352011Assets 2012: $168,211Liabilities 2012: $7,417Net Assets 2012: $160,7942012Assets 2013: $108,263Liabilities 2013: $3,130Net Assets 2013: $105,1332013Assets 2014: $99,845Liabilities 2014: $2,237Net Assets 2014: $97,6082014Assets 2015: $222,646Liabilities 2015: $12,004Net Assets 2015: $210,6422015Assets 2016: $249,461Liabilities 2016: $13,747Net Assets 2016: $235,7142016Assets 2017: $296,743Liabilities 2017: $46,197Net Assets 2017: $250,5462017Assets 2018: $284,313Liabilities 2018: $27,549Net Assets 2018: $256,7642018Assets 2019: $292,052Liabilities 2019: $25,194Net Assets 2019: $266,8582019Assets 2020: $256,911Liabilities 2020: $25,707Net Assets 2020: $231,2042020Assets 2021: $402,541Liabilities 2021: $15,881Net Assets 2021: $386,6602021Assets 2022: $267,874Liabilities 2022: $17,629Net Assets 2022: $250,2452022Assets 2023: $320,358Liabilities 2023: $70,519Net Assets 2023: $249,8392023Assets 2024: $427,262Liabilities 2024: $101,331Net Assets 2024: $325,9312024Assets 2025: $1,136,575Liabilities 2025: $101,149Net Assets 2025: $1,035,4262025

Highlighted filing

2018

Assets$284,313
Liabilities$27,549
Net Assets$256,764

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $350,089Expenses 2011: $295,085Net Income 2011: $55,0042011Revenue 2012: $323,088Expenses 2012: $347,730Net Income 2012: -$24,6422012Expenses 2013: $377,8632013Revenue 2014: $321,030Expenses 2014: $328,555Net Income 2014: -$7,5252014Revenue 2015: $496,891Expenses 2015: $383,857Net Income 2015: $113,0342015Revenue 2016: $430,126Expenses 2016: $404,591Net Income 2016: $25,5352016Revenue 2017: $470,140Expenses 2017: $455,308Net Income 2017: $14,8322017Revenue 2018: $533,793Expenses 2018: $527,575Net Income 2018: $6,2182018Revenue 2019: $536,651Expenses 2019: $523,428Net Income 2019: $13,2232019Revenue 2020: $402,870Expenses 2020: $432,086Net Income 2020: -$29,2162020Revenue 2021: $309,633Expenses 2021: $177,915Net Income 2021: $131,7182021Revenue 2022: $421,090Expenses 2022: $529,303Net Income 2022: -$108,2132022Revenue 2023: $677,801Expenses 2023: $687,113Net Income 2023: -$9,3122023Revenue 2024: $760,013Expenses 2024: $745,492Net Income 2024: $14,5212024Revenue 2025: $1,719,041Expenses 2025: $1,003,511Net Income 2025: $715,5302025

Highlighted filing

2018

Revenue$533,793
Expenses$527,575
Net Income$6,218
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 30, 2018
Return Version
2017v2.2
Gross Receipts
$535,056
Mission and Program Overview

Mission

Opera montana inspires and creates community through world class opera, musical theater, and educational engagement.

To educate, promote, and share the joy of opera in montana and surrounding areas, by producing professional quality opera performances at affordable prices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$260,530$235,232▼ $25,298
Investments in Publicly Traded Securities$18,576$26,452▲ $7,876
Prepaid Expenses and Deferred Charges$9,925$17,233▲ $7,308
Land, Buildings, and Equipment, Net$4,977$3,072▼ $1,905
Accounts Receivable$2,700$2,050▼ $650
Cash and Non-Interest-Bearing Accounts$34$274▲ $240
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$296,743$284,313▼ $12,430
Other Assets Total$1$0▼ $1
Liabilities
Deferred Revenue$39,424$20,449▼ $18,975
Accounts Payable and Accrued Expenses$6,773$7,100▲ $327
Total Liabilities$46,197$27,549▼ $18,648
Net Assets / Fund Balance
Unrestricted Net Assets$206,130$198,716▼ $7,414
Temporarily Rstr Net Assets$34,822$40,897▲ $6,075
Permanently Rstr Net Assets$9,594$17,151▲ $7,557
Total Net Assets Fund Balance$250,546$256,764▲ $6,218
Total Liabilities and Net Assets / Fund Balance$296,743$284,313▼ $12,430

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,057$37,536$40,593
Leasehold Improvements$15$3,580$3,595
Equipment-$340$340

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$44,417$7,557▲ $375-$52,349
2016$44,382-▲ $35-$44,417
2015$38,358$6,455▼ $431-$44,382
2014$37,821$500▲ $37-$38,358
2013$37,491$280▲ $50-$37,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacquelyn VickExecutive DirectorPT$35,750$35,750

Board Members and Trustees

NameTitle
Dennis WentzPresident
Kenneth ChristensenVice President
Alexandra WhiteBoard Member
David SummerfieldBoard Member
Don PowellBoard Member
Doug BadenochBoard Member
Greg YoungBoard Member
Matt RognileBoard Member
Michael WainwrightBoard Member
Shawn HertzBoard Member
Timothy PreheimBoard Member
Richard WolffImmed Past Pres
Carter WalkerSecretary
Brad OsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$347,686
Program Service Revenue
$163,932
Investment Income
$717
Other Revenue
$21,458
All Other Contributions
$347,686
Change in Net Assets
$6,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$451,604
Salaries, Compensation, and Employee Benefits$75,971
Total Fundraising Expense$13,482
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$14,300$8,937$12,512$35,749
Other Salaries and Wages-$31,753-$31,753
Advertising$11,342$693-$12,035
Occupancy-$10,861-$10,861
All Other Expenses$5,951$4,907-$10,858
Payroll Taxes$5,364$2,135$970$8,469
Fees for Services Accounting-$6,106-$6,106
Other Expenses$4,249$52-$4,301
Insurance-$3,524-$3,524
Depreciation Depletion-$2,754-$2,754
Office Expenses-$1,976-$1,976
Information Technology-$1,188-$1,188
Total Functional Expenses$406,129$107,964$13,482$527,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,500
Fundraising Direct Expenses$1,263
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
Backup withholding compliance
Yes
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
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 finance committee reviews and approves the tax return and then presents it to the full board for final approval.

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

Each year the board reviews organizational policies and signs off that they have read and understand the policies and that their position has not changed or if it has, they disclose the change.

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

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Intermountain Opera Association
EIN
81-0382552
Phone
4065872889
Address
PO BOX 37, BOZEMAN, MT 59771

Signing Officer

Name
Brad Osen
Title
Treasurer
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Osen
Formed
1979
Legal Domicile
Mt
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
225

Preparer

Firm
Neil and Company CPAs PC
Address
1184 N 15th Ste 1, Bozeman, MT 59715
Preparer
Neil Company Cpas Pc
Phone
4065879239
Raw XML AppendixShowing 400 of 578 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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IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0221213

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.14$0.10$1.04$1.72$1.00$0.72
2024Detailed filing. Detailed filing data is available for this year.$0.43$0.10$0.33$0.76$0.75$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.07$0.25$0.68$0.69$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.42$0.53$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.39$0.31$0.18$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.40$0.43$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.03$0.27$0.54$0.52$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.03$0.26$0.53$0.53$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.05$0.25$0.47$0.46$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.43$0.40$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.21$0.50$0.38$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.32$0.33$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.38
2012Summary only. Only limited summary data is available for this year.$0.17$0.01$0.16$0.32$0.35$0.02
2011Summary only. Only limited summary data is available for this year.$0.19$0.00$0.19$0.35$0.30$0.06