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Opera Carolina Endowment

Tax-deductible

Charlotte, NC501(c)(3)Arts & Culture EIN 20-2533756Revenue $268K in FY2024Latest return filed Sep 25, 2025

On file with the IRSoperacarolina.orgCharlotte, NCTax-exempt since Aug 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To support the ongoing educational and cultural activities of Opera Carolina.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2533756) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $43K a year · 25% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.4 mo
of spending, in cash
Plus $1.0M in investments, Pt X · Ln 11–13
1.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 8 voting members
7 of 8 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$268K
+333% vs prior year
Spent
$332K
To programs
96%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$268K
FY2024▲ +333%
Tap a bar for its year
Revenue by fiscal year
FY2020$275K
FY2021$265K
FY2022$16K
FY2023$62K
FY2024$268K
Expenses
$332K
FY2024▲ +121%
Tap a bar for its year
Expenses by fiscal year
FY2020$86K
FY2021$101K
FY2022$0
FY2023$150K
FY2024$332K
Net assets
$3.9M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$4.4M
FY2022$4.2M
FY2023$4.1M
FY2024$3.9M

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $318K Management & general 4% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brooks Carey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
James Meena
President
$0Pt VII · Sec A
See Opera Carolina Endowment executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Opera Carolina's educational and cultural programs.

Questions for Opera Carolina Endowment

Tap to ask. Opera Carolina Endowment sees how many people are interested.

Your first name shows with your question. Opera Carolina Endowment answers here, for everyone.

1 program · $318K · in their own filed words · FY2023
01

Managed the investments of Opera carolina's Endowment in a fiscally sound manner to maximize the funds available to Opera Carolina for programs and Opera productions.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2533756) · Dispute this line
$318Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Maurer Family Foundation INCFY2023$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 4 grants · $512K · 2019–2023
Opera CarolinaNC · FY2023$318,007
Opera CarolinaNC · FY2022$69,457
Opera CarolinaNC · FY2020$66,703
Opera CarolinaNC · FY2019$58,242

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$268K
Ln 12
Other incomeLn 4–11$238K
Investment incomeLn 3$30K
Money outPt IX
$332K
Ln 25
Programscol B$318K
Managementcol C$14K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$30K
Other incomeLn 4–11$238K
Gains on assetsLn 7$238K
Total revenueLn 12$268K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Accounts receivableLn 4$2.9M
InvestmentsLn 11–13$1.0M
Total assetsLn 16$3.9M
LiabilitiesLn 26$0
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$2.0M$1.8M$1.7M$1.9M$1.4M
AddedLn 1b$7K$33K$200K$400K
SpentLn 1d–1f$14K$36K$37K$35K$30K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$127K$40K
InvestmentsLn 11–13$1.7M$1.0M
Total assetsLn 16$4.1M$3.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.1M$3.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$318K$318K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$332K$318K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 25, 2025 $268K$332K−$64K$3.9M 990 PDF
FY2023Filed with the IRS Jun 25, 2024 $62K$150K−$88K$4.1M 990 PDF
FY2022Filed with the IRS May 12, 2023 $16K$0$16K$4.2M 990 PDF
FY2021Filed with the IRS Mar 28, 2022 $265K$101K$164K$4.4M 990 PDF
FY2020Filed with the IRS Mar 16, 2021 $275K$86K$189K$3.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $268,064 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,513$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $38,399$268,064
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $61,912$268,064
I-13 Grants and similar amounts paidPrior year $69,457$318,007
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $80,750$13,670
I-18 Total expensesPrior year $150,207$331,677
I-19 Revenue less expensesPrior year −$88,295−$63,613
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $268,064 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $29,807$29,807
VIII-7 Net gain or loss on sales of assetsRelated to mission $238,257$238,257
VIII-12 Total revenueRelated to mission $238,257 · Unrelated business $0 · Excluded from tax $29,807$268,064
Part IX · Statement of functional expenses $331,677 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $318,007$318,007
IX-24 Other expenses (24a–d)Management $13,670$13,670
IX-25 Total functional expensesPrograms $318,007 · Management $13,670 · Fundraising $0$331,677
Part X · Balance sheet $3,902,772 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $127,173$39,638
X-4 Accounts receivableStart of year $2,223,682$2,858,683
X-11 Publicly traded securitiesStart of year $1,725,642$1,004,451
X-16 Total assetsStart of year $4,076,497$3,902,772
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $363,368$189,643
X-28 Net assets with donor restrictionsStart of year $3,713,129$3,713,129
X-32 Total net assets or fund balancesStart of year $4,076,497$3,902,772
X-33 Total liabilities and net assetsStart of year $4,076,497$3,902,772
Part XI · Reconciliation of net assets $3,902,772 net assets at year end
XI-1 Total revenue$268,064
XI-2 Total expenses$331,677
XI-3 Revenue less expenses−$63,613
XI-4 Net assets at start of year$4,076,497
XI-5 Net unrealized gains (losses) on investments−$92,661
XI-8 Prior period adjustments−$17,451
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,902,772

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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