Opera on Tap FY2020 filing

Brooklyn, NY · Public charity (501(c)(3)) · Since 2008 · Arts & Culture

✓ Tax-deductible Latest data FY2020
Revenue
$209K
Spent
$214K
To programs
71%
Net assets
$-57K
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Hispanic Federation INC
$10K in the latest grant year.
Spent on programs?
71% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
Legal name (IRS)Hdr · item COpera on Tap
EINHdr · item D20-4554125
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2007
Year of formationHdr · item L2008
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFArts & Culture (A6A)
WebsiteHdr · item Joperaontap.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$152K
Management & general29%$62K
Total functional expensesLn 25$214K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$209K
FY2020
Expenses
$214K
FY2020
Program efficiency
71%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$19K
FY2020
Total liabilities
$76K
FY2020
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$19K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$19K
Total liabilitiesLn 26$76K
Total net assetsLn 32$-57K
Months of cash on handcomputed1.0

Statement of Revenue

Part VIII
Contributions & grants$161K · 77%
Program service revenue$48K · 23%
Contributions & grants77%$161K
Program service revenue23%$48K
— government grantsLn 1e$84K
Total revenueLn 12$209K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $214K
1.0 months
Where the money goes
Program services
Program services $152K · Total expenses $214K
71%
Management & General
Management & general $62K · Total expenses $214K
29%
Fundraising
Fundraising $0 · Total expenses $214K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $77K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $209K
77%
Government reliance
Government grants $84K · Total revenue $209K
40%
Earned-income share
Program service revenue $48K · Total revenue $209K
23%
Investment reliance
Investment income $0 · Total revenue $209K
0%
Program self-sufficiency
Program service revenue $48K · Total expenses $214K
22%
Growth & trend
Revenue growth (YoY)
This year $209K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-57K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $209K · Expenses $214K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $19K
—
Net-asset ratio
Net assets $-57K · Total assets $19K
-299%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Anne Hiatt · Reported title Assistant Secretary · Highest reported compensation $50K · Total expenses $214K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $50K · Total expenses $214K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 29%——
Fundraising cost ratio 0%——
Investment management fee ratio 0%——
Legal fee ratio 0.1%——
Accounting fee ratio 0.2%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Assistant Secretary
$50,391Pt VII · Sec A
Chairman and President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anne Hiatt’s $113K as President, Executive & Artistic Director is at the 93rd percentile of top reported officer pay among 2215 $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 · 1 named individual · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Anne Hiatt$112,546$99,248$106,879$54,407$50,391

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Brings opera to new audiences in unusual places and teaches children its beauty.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $135K of program spending, described in the organization's own filed words · FY2020.
01

Monthly performances, including bar shows and other alternative venues, among the OOT chapters in 18 cities and New York City. New audiences and new singers given the opportunity to perform. These took place only through March of 2020 in a majority of our locations.

$59Kprogram expense
02

The Playground Operas program is a school day program that immerses students in the creation, production and performance of an opera. With the pandemic, Opera on Tap has begun production of virtual programming with the same objective.

$42Kprogram expense
03

Immersive Opera Project

investment in new forms of performance media. No performances in this area took place because of the pandemic. Most of the expenses paid in 2020 relate to the "Looking at You" opera that was commissioned and produced in 2019 and cancellation expenses for peformances that were scheduled but had to be cancelled because of the pandemic.

$34Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

Filing history

YearRevenueExpensesChangeFiling
FY2024 $582K$665K+17% 990 PDF
FY2023 Not on file
FY2022 $499K$746K+77% 990 PDF
FY2021 $281K$378K+35% 990 PDF
FY2020 Viewing $209K$214K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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