Civic Intelligence

Pasadena Area Opera Trust

990 • Fiscal year 2017 • EIN 95-6386887

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 08, 2018

Organization ProfileN/A
PO Box 2549Rancho Cucamonga, CA 91729-2549

(626) 405-8335

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$200

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

42nd percentile

-1.2%

Faster asset growth than 42% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

59%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$486,969

Down $5,976 (-1.2%) from 2016

Net Assets

Down

$486,969

Down $5,976 (-1.2%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin11th percentile

Revenue

Up

$17,781

Up $6,567 (+59%) from 2016

Expenses

Down

$23,757

Down $217 (-0.9%) from 2016

Net Income

Up

-$5,976

Up $6,784 (+53%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$600K$400K$200K$0Assets 2011: $275,576Liabilities 2011: $0Net Assets 2011: $275,5762011Assets 2012: $277,182Liabilities 2012: $0Net Assets 2012: $277,1822012Assets 2013: $291,159Liabilities 2013: $0Net Assets 2013: $291,1592013Assets 2014: $500,809Liabilities 2014: $0Net Assets 2014: $500,8092014Assets 2015: $505,705Liabilities 2015: $0Net Assets 2015: $505,7052015Assets 2016: $492,945Liabilities 2016: $0Net Assets 2016: $492,9452016Assets 2017: $486,969Liabilities 2017: $0Net Assets 2017: $486,9692017Assets 2018: $492,465Liabilities 2018: $0Net Assets 2018: $492,4652018Assets 2020: $469,553Liabilities 2020: $0Net Assets 2020: $469,5532020Assets 2021: $501,291Liabilities 2021: $0Net Assets 2021: $501,2912021Assets 2022: $492,233Liabilities 2022: $0Net Assets 2022: $492,2332022Assets 2023: $478,819Liabilities 2023: $0Net Assets 2023: $478,8192023Assets 2024: $454,856Liabilities 2024: $0Net Assets 2024: $454,8562024Assets 2025: $457,428Liabilities 2025: $0Net Assets 2025: $457,4282025

Highlighted filing

2017

Assets$486,969
Liabilities$0
Net Assets$486,969
Open 2017 Filing

Operations Trend

Revenue Growth87th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $17,4942011Revenue 2012: $16,983Expenses 2012: $15,377Net Income 2012: $1,6062012Revenue 2013: $34,134Expenses 2013: $20,157Net Income 2013: $13,9772013Revenue 2014: $227,418Expenses 2014: $17,768Net Income 2014: $209,6502014Revenue 2015: $29,185Expenses 2015: $24,289Net Income 2015: $4,8962015Revenue 2016: $11,214Expenses 2016: $23,974Net Income 2016: -$12,7602016Revenue 2017: $17,781Expenses 2017: $23,757Net Income 2017: -$5,9762017Revenue 2018: $33,744Expenses 2018: $28,248Net Income 2018: $5,4962018Revenue 2020: $21,062Expenses 2020: $32,100Net Income 2020: -$11,0382020Revenue 2021: $59,992Expenses 2021: $25,995Net Income 2021: $33,9972021Revenue 2022: $33,000Expenses 2022: $44,456Net Income 2022: -$11,4562022Revenue 2023: $10,262Expenses 2023: $23,563Net Income 2023: -$13,3012023Revenue 2024: $4,837Expenses 2024: $28,796Net Income 2024: -$23,9592024Revenue 2025: $37,633Expenses 2025: $33,655Net Income 2025: $3,9782025

Highlighted filing

2017

Revenue$17,781
Expenses$23,757
Net Income-$5,976
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$133,123
Mission and Program Overview

Mission

To manage and protect trust assets used for the promotion and support for grand opera by and through the pasadena opera guild including development of educational youth programs of primary interest in grand opera and to financially assist careers and training of youth singers

To manage and protect trust assets to be used for the promotion and support for grand opera by and through the pasadena opera guild

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$492,945$486,969▼ $5,976
Investments in Publicly Traded Securities$453,403$453,465▲ $62
Savings and Temporary Cash Investments$39,542$33,202▼ $6,340
Cash and Non-Interest-Bearing Accounts-$302-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$492,945$486,969▼ $5,976
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$492,945$486,969▼ $5,976
Total Liabilities and Net Assets / Fund Balance$492,945$486,969▼ $5,976
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleBaseTotal
-Trustee$200$200

Board Members and Trustees

NameTitle
Rafael CalvoBoard Chair
Tadea PlykoVice Chair
Margi MostueGuild Representative
Robert BarberaGuild Representative
Kay DavisMember-at-large
Rita PudenzMember-at-large / Award
Janet CalvoSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,875
Program Service Revenue
$0
Investment Income
$13,906
Other Revenue
$0
All Other Contributions
$3,875
Change in Net Assets
$-5,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,000
Other Expenses$2,557
Salaries, Compensation, and Employee Benefits$200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,500--$15,500
Grants to Domestic Orgs$5,500--$5,500
Fees for Services Other$1,130--$1,130
Current Officers, Directors, Trustees, and Key Employees$200--$200
Other Expenses$21--$21
Total Functional Expenses$23,757$0$0$23,757
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Orange County OperaLos Alamitos, CA501(c)(3)Unrestricted$5,500
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 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, Part VI, Section B, line 11B

“All assets of this organization are held in trust. The terms of the trust are conrolled by an irrevocable trust document. Citizens Business Bank is the sole and corporate trustee of these assets and is charged with ensuring that all trust activity occurs in accordance with the terms of the controlling irrrevocable trust document. As trustee of the assets of this trust, Citizens Business Bank prepares and files the fiduciary income tax returns as the taxpayer in accordance with Federal and State tax regulations. The trustee has sole responsibility for the accuracy and compliance of the tax returns. Only an officer of Citizens Business Bank is authorized to review the return and approve it to be filed.”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statments available upon request in writing to trustee”

Filing and Contact Details

Filer

Filer Name
Pasadena Area Opera Trust
EIN
95-6386887
Phone
6264058335
Address
PO BOX 2549, RANCHO CUCAMONGA, CA 91729-2549

Signing Officer

Name
Linda Verburgt
Title
V.p., Sr Tr Officer
Phone
9094834376
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Charles L Horton Inc
Address
16 N MARENGO AVE 215, PASADENA, CA 91101-1956
Preparer
Charles Horton
Phone
6263049906
Raw XML Appendix359 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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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0907201683
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS ALL PROPOSED GRANTS AND AWARDS TO ENSURE THAT FUNDS ARE SOLELY USED FOR PROMOTING INTEREST IN AND SUPPORT FOR GRAND OPERA IN THE PASADENA (CA) AREA; TO DEVELOP EDUCATIONAL YOUTH PROGRAMS OF PRIMARY INTEREST IN GRAND OPERA IN THE PASADENA (CA) AREA; TO FINANCIALLY ASSIST THE TRAINING AND CAREERS OF YOUNG SINGERS AND COMPOSERS IN GRAND OPERA. A MAJORITY OF THE DIRECTORS MUST AGREE THAT A GRANT OR EXPENDITURE IS WARRANTED. ANNUALLY A COMPETITION FOR YOUNG SINGERS AND COMPOSERS OF GRAND OPERA IS HELD FOR THE PURPOSE OF IDENTIFYING INDIVIDUALS THAT MERIT GRANTS FORM THE TRUST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All assets of this organization are held in trust. The terms of the trust are conrolled by an irrevocable trust document. Citizens Business Bank is the sole and corporate trustee of these assets and is charged with ensuring that all trust activity occurs in accordance with the terms of the controlling irrrevocable trust document. As trustee of the assets of this trust, Citizens Business Bank prepares and files the fiduciary income tax returns as the taxpayer in accordance with Federal and State tax regulations. The trustee has sole responsibility for the accuracy and compliance of the tax returns. Only an officer of Citizens Business Bank is authorized to review the return and approve it to be filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATMENTS AVAILABLE UPON REQUEST IN WRITING TO TRUSTEE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0492945
IRS990/TotalAssetsEOYAmt0486969
IRS990/TotalAssetsGrp/BOYAmt0492945
IRS990/TotalAssetsGrp/EOYAmt0486969
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03875
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt023757
IRS990/TotalFunctionalExpensesGrp/TotalAmt023757
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0492945
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0486969
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt023757
IRS990/TotalReportableCompFromOrgAmt0200
IRS990/TotalRevenueGrp/ExclusionAmt013906
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt017781
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0492945
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0486969
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2549
IRS990/USAddress/CityNm0RANCHO CUCAMONGA
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd0917292549
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA VERBURGT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.P., SR TR OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09094834376
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PASADENA AREA OPERA TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt01010008509
ReturnHeader/Filer/BusinessNameControlTxt0PASA
ReturnHeader/Filer/EIN0956386887
ReturnHeader/Filer/PhoneNum06264058335
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2549
ReturnHeader/Filer/USAddress/CityNm0RANCHO CUCAMONGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0917292549
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B05389311146A7B9AD5CC6FFFF8F49F67E66BD86
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B05389311146A7B9AD5CC6FFFF8F49F67E66BD86
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.145.237.74
ReturnHeader/FilingSecurityInformation/IPDt02018-02-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm012:08:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954520011
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES L HORTON INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016 N MARENGO AVE 215
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PASADENA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0911011956
ReturnHeader/PreparerPersonGrp/PhoneNum06263049906
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES HORTON
ReturnHeader/ReturnTs02018-02-08T14:08:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$486,969
Liabilities
$0
Net assets
$486,969
Revenue
$17,781
Expenses
$23,757
Net income
-$5,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.57$0.00$4.57$0.38$0.34$0.04
2024Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$0.05$0.29$0.24
2023Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.10$0.24$0.13
2022Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$0.33$0.44$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.00$5.01$0.60$0.26$0.34
2020Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$0.21$0.32$0.11
2018Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$0.34$0.28$0.05
2017Detailed filing. Detailed filing data is available for this year.$4.87$0.00$4.87$0.18$0.24$0.06
2016Summary only. Only limited summary data is available for this year.$4.93$0.00$4.93$0.11$0.24$0.13
2015Summary only. Only limited summary data is available for this year.$5.06$0.00$5.06$0.29$0.24$0.05
2014Summary only. Only limited summary data is available for this year.$5.01$0.00$5.01$2.27$0.18$2.10
2013Summary only. Only limited summary data is available for this year.$2.91$0.00$2.91$0.34$0.20$0.14
2012Summary only. Only limited summary data is available for this year.$2.77$0.00$2.77$0.17$0.15$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.00$2.76$0.17