Civic Intelligence

Sun Valley Opera Company

990 • Fiscal year 2019 • EIN 82-0530372

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 31, 2020

PO Box 7187Ketchum, ID 83340

(208) 726-0991

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$41,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

59th percentile

7.8%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

19th percentile

-27%

Faster revenue growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$105,284

Up $7,604 (+7.8%) from 2018

Net Assets

Up

$105,284

Up $7,604 (+7.8%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$269,988

Down $100,188 (-27%) from 2018

Expenses

Down

$262,384

Down $142,767 (-35%) from 2018

Net Income

Up

$7,604

Up $42,579 (+122%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $62,710Liabilities 2011: $02011Assets 2012: $80,373Liabilities 2012: $02012Assets 2013: $95,090Liabilities 2013: $02013Assets 2014: $84,972Liabilities 2014: $02014Assets 2015: $101,748Liabilities 2015: $0Net Assets 2015: $101,7482015Assets 2016: $102,718Liabilities 2016: $0Net Assets 2016: $102,7182016Assets 2017: $132,655Liabilities 2017: $0Net Assets 2017: $132,6552017Assets 2018: $97,680Liabilities 2018: $0Net Assets 2018: $97,6802018Assets 2019: $105,284Liabilities 2019: $0Net Assets 2019: $105,2842019Assets 2020: $135,566Liabilities 2020: $0Net Assets 2020: $135,5662020Assets 2021: $167,419Liabilities 2021: $0Net Assets 2021: $167,4192021Assets 2022: $145,953Liabilities 2022: $34Net Assets 2022: $145,9192022Assets 2023: $87,399Liabilities 2023: $1,774Net Assets 2023: $85,6252023Assets 2024: $65,285Liabilities 2024: $1,774Net Assets 2024: $63,5112024

Highlighted filing

2019

Assets$105,284
Liabilities$0
Net Assets$105,284

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $116,766Expenses 2011: $101,500Net Income 2011: $15,2662011Revenue 2012: $93,364Expenses 2012: $75,701Net Income 2012: $17,6632012Revenue 2013: $110,060Expenses 2013: $95,343Net Income 2013: $14,7172013Revenue 2014: $108,697Expenses 2014: $118,815Net Income 2014: -$10,1182014Revenue 2015: $156,133Expenses 2015: $139,357Net Income 2015: $16,7762015Revenue 2016: $335,406Expenses 2016: $334,436Net Income 2016: $9702016Revenue 2017: $167,308Expenses 2017: $137,371Net Income 2017: $29,9372017Revenue 2018: $370,176Expenses 2018: $405,151Net Income 2018: -$34,9752018Revenue 2019: $269,988Expenses 2019: $262,384Net Income 2019: $7,6042019Revenue 2020: $180,922Expenses 2020: $150,640Net Income 2020: $30,2822020Revenue 2021: $179,668Expenses 2021: $147,815Net Income 2021: $31,8532021Revenue 2022: $227,091Expenses 2022: $248,591Net Income 2022: -$21,5002022Revenue 2023: $129,545Expenses 2023: $199,250Net Income 2023: -$69,7052023Revenue 2024: $139,781Expenses 2024: $161,895Net Income 2024: -$22,1142024

Highlighted filing

2019

Revenue$269,988
Expenses$262,384
Net Income$7,604
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 31, 2020
Return Version
2019v5.0
Gross Receipts
$346,340
Mission and Program Overview

Mission

The mission of the sun valley opera is to entertain, enrich and educate the residents of and visitors to the wood river valley through opera and the vocal arts.

The mission of the sun valley opera is to entertain, enrich and educate through opera and the vocal arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,342$68,625▲ $7,283
Savings and Temporary Cash Investments$36,338$36,659▲ $321
Total Assets$97,680$105,284▲ $7,604
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,680$80,761▼ $16,919
Net Assets With Donor Restrictions-$24,523-
Total Net Assets Fund Balance$97,680$105,284▲ $7,604
Total Liabilities and Net Assets / Fund Balance$97,680$105,284▲ $7,604
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robyn WatsonExecutive DiFT$41,000$41,000
Mary Jo HelmekeExec DirectoPT$14,000$14,000

Board Members and Trustees

NameTitle
Edwin Outwater IiiChairman/CEO
Frank MeyerPresident
Dennis DunnDirector
Kyle JohnsonDirector
Mary Ann UnderwoodDirector
Patricia DarmanDirector
Suzy Carter OrbDirector
Phebe ThorneSecretary
Steve CroweTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$257,535
Program Service Revenue
$32,163
Investment Income
$364
Other Revenue
$-20,074
All Other Contributions
$257,535
Change in Net Assets
$7,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,932
Salaries, Compensation, and Employee Benefits$63,452
Total Fundraising Expense$31,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$42,097$10,435$2,709$55,241
Current Officers, Directors, Trustees, and Key Employees$18,334$18,334$18,332$55,000
Other Expenses$10,522-$10,523$21,045
Payroll Taxes$8,452--$8,452
Fees for Services Accounting-$6,759-$6,759
Office Expenses-$2,301-$2,301
Occupancy-$1,290-$1,290
Total Functional Expenses$191,701$39,119$31,564$262,384
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$76,352
Fundraising Gross Income$56,278
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Diva Program$56,278$56,278-$56,278
Total Events$56,278$56,278$76,352$-20,074
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft copy of the tax return was provided to the board chairman, treasurer and executive director for their analysis, review and approval. Once that process was completed the tax return was finalized and then filed.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Sun Valley Opera Company
EIN
82-0530372
Phone
2087260991
Address
PO BOX 7187, KETCHUM, ID 83340

Signing Officer

Name
Kyle Johnson
Title
Director
Phone
2085787868
Signed
2020-08-31

Organization Details

Principal Officer
Kyle Johnson
Formed
2006
Legal Domicile
Id
Voting Board Members
9
Independent Board Members
8
Employees
2
Volunteers
25

Preparer

Firm
Accounting & Financial Solutions Pc
Address
416 S MAIN ST STE 202, HAILEY, ID 83333
Preparer
Michael Beck
Phone
2087883006
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Sun valley opera (svo) presented nine (9) live events during calendar 2019 bringing budding and established talent to the wood river valley. During this summer season svo began offering broader programming featuring pop and country music. The largest concert of the year presented at the sun valley pavilion featured a tribute to the best of the girl bands starring three broadway singers and their rendition of hits from the supremes, the shirelles, the pointer sisters and more. The svo's salon series spotlight young classically trained opera singers in a more intimate setting. Admission tickets to these events vary but are kept to reasonable price levels to encourage attendance. In addition sun valley opera presented eight (8) live simulcast performances from the new york metropolitan opera at a local theater. Approximately 10 students and 15 seniors attended each screening free of charge. Approximately 2,500 residents and visitors benefitted from svo's variety of programs during the 2019 calendar year.

Form 990, Part IX, Line 24E

Concerts - artist travel 18,267 0 0 concerts - other 9,311 0 0 other program costs 6,019 0 0 concerts - sound 5,700 0 0 credit card fees 0 5,515 0 development 0 0 2,709 other 0 1,885 0 concerts - artist other 1,544 0 0 office supplies 0 1,351 0 storage 1,166 0 0 insurance 0 820 0 board costs 0 520 0 dues & subscriptions 0 300 0 bank charges 90 0 0 expense reimbursements 0 44 0 total 42,097 10,435 2,709

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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/ExplanationTxt0SUN VALLEY OPERA (SVO) PRESENTED NINE (9) LIVE EVENTS DURING CALENDAR 2019 BRINGING BUDDING AND ESTABLISHED TALENT TO THE WOOD RIVER VALLEY. DURING THIS SUMMER SEASON SVO BEGAN OFFERING BROADER PROGRAMMING FEATURING POP AND COUNTRY MUSIC. THE LARGEST CONCERT OF THE YEAR PRESENTED AT THE SUN VALLEY PAVILION FEATURED A TRIBUTE TO THE BEST OF THE GIRL BANDS STARRING THREE BROADWAY SINGERS AND THEIR RENDITION OF HITS FROM THE SUPREMES, THE SHIRELLES, THE POINTER SISTERS AND MORE. THE SVO'S SALON SERIES SPOTLIGHT YOUNG CLASSICALLY TRAINED OPERA SINGERS IN A MORE INTIMATE SETTING. ADMISSION TICKETS TO THESE EVENTS VARY BUT ARE KEPT TO REASONABLE PRICE LEVELS TO ENCOURAGE ATTENDANCE. IN ADDITION SUN VALLEY OPERA PRESENTED EIGHT (8) LIVE SIMULCAST PERFORMANCES FROM THE NEW YORK METROPOLITAN OPERA AT A LOCAL THEATER. APPROXIMATELY 10 STUDENTS AND 15 SENIORS ATTENDED EACH SCREENING FREE OF CHARGE. APPROXIMATELY 2,500 RESIDENTS AND VISITORS BENEFITTED FROM SVO'S VARIETY OF PROGRAMS DURING THE 2019 CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE TAX RETURN WAS PROVIDED TO THE BOARD CHAIRMAN, TREASURER AND EXECUTIVE DIRECTOR FOR THEIR ANALYSIS, REVIEW AND APPROVAL. ONCE THAT PROCESS WAS COMPLETED THE TAX RETURN WAS FINALIZED AND THEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONCERTS - ARTIST TRAVEL 18,267 0 0 CONCERTS - OTHER 9,311 0 0 OTHER PROGRAM COSTS 6,019 0 0 CONCERTS - SOUND 5,700 0 0 CREDIT CARD FEES 0 5,515 0 DEVELOPMENT 0 0 2,709 OTHER 0 1,885 0 CONCERTS - ARTIST OTHER 1,544 0 0 OFFICE SUPPLIES 0 1,351 0 STORAGE 1,166 0 0 INSURANCE 0 820 0 BOARD COSTS 0 520 0 DUES & SUBSCRIPTIONS 0 300 0 BANK CHARGES 90 0 0 EXPENSE REIMBURSEMENTS 0 44 0 TOTAL 42,097 10,435 2,709
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02085787868
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUN VALLEY OPERA COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0SUNV
ReturnHeader/Filer/EIN0820530372
ReturnHeader/Filer/PhoneNum02087260991
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7187
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-10-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:18:17
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING & FINANCIAL SOLUTIONS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0416 S MAIN ST STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAILEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083333
ReturnHeader/PreparerPersonGrp/PhoneNum02087883006
ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL BECK
ReturnHeader/ReturnTs02020-10-27T09:18:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.64$1.40$1.62$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.02$0.86$1.30$1.99$0.70
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$2.27$2.49$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.80$1.48$0.32
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$1.81$1.51$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$2.70$2.62$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$3.70$4.05$0.35
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$1.67$1.37$0.30
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$3.35$3.34$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$1.56$1.39$0.17
2014Summary only. Only limited summary data is available for this year.$0.85$0.00$1.09$1.19$0.10
2013Summary only. Only limited summary data is available for this year.$0.95$0.00$1.10$0.95$0.15
2012Summary only. Only limited summary data is available for this year.$0.80$0.00$0.93$0.76$0.18
2011Summary only. Only limited summary data is available for this year.$0.63$0.00$1.17$1.02$0.15