Civic Intelligence

Sun Valley Opera Company

990 • Fiscal year 2022 • EIN 82-0530372

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

27th percentile

-9.5%

Higher net margin than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 30.8% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

28th percentile

-13%

Faster asset growth than 28% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

26%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$145,953

Down $21,466 (-13%) from 2021

Net Assets

Down

$145,919

Down $21,500 (-13%) from 2021

Liabilities

Up

$34

Up $34 from 2021

Revenue

Up

$227,091

Up $47,423 (+26%) from 2021

Expenses

Up

$248,591

Up $100,776 (+68%) from 2021

Net Income

Down

-$21,500

Down $53,353 (-167%) from 2021

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

2022

Assets$145,953
Liabilities$34
Net Assets$145,919

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

2022

Revenue$227,091
Expenses$248,591
Net Income-$21,500
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$227,091
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,419$145,953▼ $21,466
Total Assets$167,419$145,953▼ $21,466
Liabilities
Accounts Payable and Accrued Expenses-$34-
Total Liabilities$0$34▲ $34
Net Assets / Fund Balance
Net Assets With Donor Restrictions$78,319$75,934▼ $2,385
Net Assets Without Donor Restrictions$89,100$69,985▼ $19,115
Total Net Assets Fund Balance$167,419$145,919▼ $21,500
Total Liabilities and Net Assets / Fund Balance$167,419$145,953▼ $21,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robyn WatsonExecutive DiFT$70,000$70,000

Board Members and Trustees

NameTitle
Kyle JohnsonCEO & Chairm
Frank MeyerPresident
Anita WeissbergDirector
Dennis DunnDirector
Leslie Doheny-hanksDirector
Mary Ann UnderwoodDirector
Patricia DarmanDirector
Phebe ThorneDirector
Suzy Carter OrbDirector
Karen DunnSecretary
Trudi SchneiderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$192,256
Program Service Revenue
$34,714
Investment Income
$121
Other Revenue
$0
All Other Contributions
$192,256
Change in Net Assets
$-21,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$168,061
Salaries, Compensation, and Employee Benefits$80,530
Total Fundraising Expense$26,988
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$23,800$23,100$23,100$70,000
All Other Expenses$21,760$13,228$413$35,401
Payroll Taxes$3,580$3,475$3,475$10,530
Other Expenses$10,244--$10,244
Fees for Services Accounting-$6,161-$6,161
Office Expenses-$2,691-$2,691
Occupancy-$1,243-$1,243
Total Functional Expenses$171,705$49,898$26,988$248,591
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
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 2

Karen dunn dennis dunn secretary director h&w - family relationship

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
CEO & Chairman
Phone
2085787868
Signed
2023-11-01

Organization Details

Principal Officer
Kyle Johnson
Formed
2006
Legal Domicile
Id
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
15

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

In 2022 sun valley opera celebrated its 20th anniversary and a full year of programming, the first since the pandemic. We had three winter concerts, all at the argyros performing arts center. February 10 was our signature salon and concert starring jonah hoskins and his sister, mary hoskins. March 2 was a concert only starring noah stewart and teresa castillo. Our final concert of winterfest22 was our diva party and concert starring broadway star allison blackwell. Although we had scheduled the metropolitan opera's live simulcasts, the movie theater where we show them permanently closed. We struck another deal with the magic lantern theater in ketchum but heavy snows made it impossible to install the required equipment until may. We were able to show the last two performances, lucia di lammermoor and hamlet. We continued our 20th anniversary on june 21 with "a glamorous garden gala" starring world-renowned mezzo-soprano tamara mumford. We continued to show "films on the lawn" first wit "high society- and then "little shop of horrors". For the first time we held a concert and dance party starring allison semmes and jared wayne gladly followed by a d.j. On july 14. We concluded out anniversary year with our signature salon and concert starring the amazing soprano audrey luna in an incredible garden. Also in 2022 we fulfilled our third of a 4 year scholarship award to a student who is studying vocal arts at the university of puget sound. Each year we give the university 2,500 per semester toward her tuition. Approximately 700 residents and visitors benefitted from sun valley opera's variety of programs during the 2022 calendar year.

Form 990, Part IX, Line 24E

Concerts - sound 6,905 0 0 scholarship 5,000 0 0 concerts - venues 4,822 0 0 other program costs 4,096 0 0 other 0 4,093 0 credit card fees 0 3,996 0 insurance 0 2,302 0 office supplies 0 1,900 0 concerts - artist other 697 0 0 dues & subscriptions 0 484 0 board costs 0 453 0 development 0 0 413 bank charges 240 0 0 total 21,760 13,228 413

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2022 SUN VALLEY OPERA CELEBRATED ITS 20TH ANNIVERSARY AND A FULL YEAR OF PROGRAMMING, THE FIRST SINCE THE PANDEMIC. WE HAD THREE WINTER CONCERTS, ALL AT THE ARGYROS PERFORMING ARTS CENTER. FEBRUARY 10 WAS OUR SIGNATURE SALON AND CONCERT STARRING JONAH HOSKINS AND HIS SISTER, MARY HOSKINS. MARCH 2 WAS A CONCERT ONLY STARRING NOAH STEWART AND TERESA CASTILLO. OUR FINAL CONCERT OF WINTERFEST22 WAS OUR DIVA PARTY AND CONCERT STARRING BROADWAY STAR ALLISON BLACKWELL. ALTHOUGH WE HAD SCHEDULED THE METROPOLITAN OPERA'S LIVE SIMULCASTS, THE MOVIE THEATER WHERE WE SHOW THEM PERMANENTLY CLOSED. WE STRUCK ANOTHER DEAL WITH THE MAGIC LANTERN THEATER IN KETCHUM BUT HEAVY SNOWS MADE IT IMPOSSIBLE TO INSTALL THE REQUIRED EQUIPMENT UNTIL MAY. WE WERE ABLE TO SHOW THE LAST TWO PERFORMANCES, LUCIA DI LAMMERMOOR AND HAMLET. WE CONTINUED OUR 20TH ANNIVERSARY ON JUNE 21 WITH "A GLAMOROUS GARDEN GALA" STARRING WORLD-RENOWNED MEZZO-SOPRANO TAMARA MUMFORD. WE CONTINUED TO SHOW "FILMS ON THE LAWN" FIRST WIT "HIGH SOCIETY- AND THEN "LITTLE SHOP OF HORRORS". FOR THE FIRST TIME WE HELD A CONCERT AND DANCE PARTY STARRING ALLISON SEMMES AND JARED WAYNE GLADLY FOLLOWED BY A D.J. ON JULY 14. WE CONCLUDED OUT ANNIVERSARY YEAR WITH OUR SIGNATURE SALON AND CONCERT STARRING THE AMAZING SOPRANO AUDREY LUNA IN AN INCREDIBLE GARDEN. ALSO IN 2022 WE FULFILLED OUR THIRD OF A 4 YEAR SCHOLARSHIP AWARD TO A STUDENT WHO IS STUDYING VOCAL ARTS AT THE UNIVERSITY OF PUGET SOUND. EACH YEAR WE GIVE THE UNIVERSITY 2,500 PER SEMESTER TOWARD HER TUITION. APPROXIMATELY 700 RESIDENTS AND VISITORS BENEFITTED FROM SUN VALLEY OPERA'S VARIETY OF PROGRAMS DURING THE 2022 CALENDAR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KAREN DUNN DENNIS DUNN SECRETARY DIRECTOR H&W - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A 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/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONCERTS - SOUND 6,905 0 0 SCHOLARSHIP 5,000 0 0 CONCERTS - VENUES 4,822 0 0 OTHER PROGRAM COSTS 4,096 0 0 OTHER 0 4,093 0 CREDIT CARD FEES 0 3,996 0 INSURANCE 0 2,302 0 OFFICE SUPPLIES 0 1,900 0 CONCERTS - ARTIST OTHER 697 0 0 DUES & SUBSCRIPTIONS 0 484 0 BOARD COSTS 0 453 0 DEVELOPMENT 0 0 413 BANK CHARGES 240 0 0 TOTAL 21,760 13,228 413
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLE JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02085787868
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUN VALLEY OPERA COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0SUNV
ReturnHeader/Filer/EIN0820530372
ReturnHeader/Filer/PhoneNum02087260991
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7187
ReturnHeader/Filer/USAddress/CityNm0KETCHUM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ID
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141858892
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/PreparationDt02023-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL BECK
ReturnHeader/ReturnTs02023-11-03T10:31:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KYLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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