Opera Maine EIN 01-0496860

Opera Maine

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Presents inspiring opera performances, nurtures young talent, and educates the community. For fiscal year 2025 it reported $719K in revenue, $713K in expenses, and $291K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Portland, ME
Website
www.operamaine.org
Filings
6 on file (2020–2025)
Revenue
$719KFY2025
Expenses
$713K
Net assets
$291K
People
20
Filings
6
Updates
0
More identity details & actions ⌄
EIN  01-0496860 Public charity (501(c)(3)) Portland, ME
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents inspiring opera performances, nurtures young talent, and educates the community.
Leadership
Caroline Koelker · Executive Director · $70K
Money in and out
$719K revenue, $713K expenses
Bottom line
82% program efficiency
Where the money goes · FY2025
Total revenue
$719K
Pt VIII · Ln 12
Total expenses
$713K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $6K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.10 Fundraising $0.09
Program efficiency
82%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
4.7mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
+0.8%
revenue over expenses, this year▼ -87% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$719K
FY2025▲ +11%
Expenses
$713K
FY2025▲ +17%
Total assets
$291K
FY2025▼ -6%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$719K
Pt VIII · Ln 12
Total expenses
$713K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$291K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $496K of program spending, described in the organization's own filed words · FY2024.
01

In 2025, Opera Maine extended its season to include a winter production. On January 24 and 26, in collaboration with the Portland Symphony Orchestra, we presented a semi-staged performance of Puccini's La Boheme in Merrill Auditorium in Portland. The production was a critical success and drew an audience of 3,300.

$448Kprogram expense
02

On June 28 and 29, Opera Maine's Studio Artist Program presented two performances of Paul's Case, a contemporary chamber opera by Gregory Spears and Kathryn Walat. Held at Stevens Square Theater in Portland the production featured seven emerging opera singers and attracted an audience of 230.

$38Kprogram expense
03

In 2025, Opera Maine provided community engagement and educational programs that expanded access to opera and vocal music education across Maine. Through its Opera for All initiative, the organization served more than 1,100 K-12 students at five schools in four counties, prioritizing communities with limited access to arts education.

$10Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpera Maine
EINHdr · item D01-0496860
Principal addressHdr · item CPortland, ME
WebsiteHdr · item Jwww.operamaine.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6A0)
Ruling yearIRS BMFApr 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$69,642Pt VII · Sec A
Artistic Director
$23,833Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Caroline Koelker’s $70K as Executive Director is at the 64th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Caroline Koelker$69,642$63,624$68,094$60,830$53,094$51,888
Dona D Vaughn$23,833$21,334$18,626$22,480

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$404K · 56%
Program service revenue$299K · 42%
Investment income$7K · 1%
Other revenue$9K · 1%
Contributions & grants56%$404K
Program service revenue42%$299K
Investment income1%$7K
Other revenue1%$9K
— government grantsLn 1e$20K
Total revenueLn 12$719K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.10 Fundraising $0.09
Program services82%$581K
Management & general10%$70K
Fundraising9%$62K
Total functional expensesLn 25$713K

Balance Sheet

Part X · end of year
CashLn 1$117K
Total assetsLn 16$291K
Total liabilitiesLn 26$0
Total net assetsLn 32$291K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $277K · Operating expenses (Pt IX) $713K · Less non-cash grants $7K · Cash operating expenses/yr $706K
4.7 months
Where the money goes
Program services
Program services $581K · Total expenses $713K
82%
Management & General
Management & general $70K · Total expenses $713K
10%
Fundraising
Fundraising $62K · Total expenses $713K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $57K · Solicited contributions (3-yr avg) $390K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $404K · Total revenue $719K
56%
Government reliance
Government grants $20K · Total revenue $719K
3%
Earned-income share
Program service revenue $299K · Total revenue $719K
42%
Investment reliance
Investment income $7K · Total revenue $719K
+1.0%
Program self-sufficiency
Program service revenue $299K · Total expenses $713K
42%
Growth & trend
Revenue growth (YoY)
This year $719K · Prior year $650K
+11%
Revenue CAGR
FY2019 $210K · FY2024 $719K
+28%
Net-asset trend (YoY)
End of year $291K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $719K · Expenses $713K
+0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $291K
Net-asset ratio
Net assets $291K · Total assets $291K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $161K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $291K
55%
People & payroll
Highest Reported Total Compensation
Individual Caroline Koelker · Reported title Executive Director · Highest reported compensation $70K · Total expenses $713K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $713K
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 10%
Fundraising cost ratio 15%
Revenue growth 11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 12 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$719K revenue · viewing · ⤓ 990 PDF
FY2024$650K revenue · ⤓ 990 PDF
FY2023$471K revenue · ⤓ 990 PDF
FY2022$549K revenue · ⤓ 990 PDF
FY2021$497K revenue · ⤓ 990 PDF
FY2020$210K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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