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Schenectady Light Opera Company INC FY2023 filing

Tax-deductible

Schenectady, NY501(c)(3)Since 1979Arts & CultureEIN 23-7224835Revenue $316K in FY2023

On file with the IRSsloctheater.orgPo Box 1006, 12301-1006 · Schenectady, NYTax-exempt since Apr 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The Schenectady Light Opera Company, INC.'s (sloc) purpose is to develop an appreciation of the musical arts in the local community by promoting and producing musical productions.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $23K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $128
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$288K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
+42% vs prior year
Spent
$333K
To programs
93%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$316K
FY2023▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$236K
FY2022$223K
FY2023$316K
FY2024$359K
FY2025$467K
Expenses
$333K
FY2023▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$188K
FY2022$251K
FY2023$333K
FY2024$334K
FY2025$315K
Net assets
$1.1M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2012-10-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2014.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $308K Management & general 7% · $25K

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

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Thomas Coon
President
$0Pt VII · Sec A
John Meglino
Vice Preside
$0Pt VII · Sec A
Mark Viscusi
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Rose Biggerstaff
Board Member
$0Pt VII · Sec A
Amy Clark
Board Member
$0Pt VII · Sec A
Heather Liz Copps
Board Member
$0Pt VII · Sec A
Matthew Dembling
Board Member
$0Pt VII · Sec A
See Schenectady Light Opera Company INC executive salaries →

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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

Promotes and produces musical productions to foster community appreciation for the arts.

Questions for Schenectady Light Opera Company INC

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Provided by the organization

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1 program · $308K · in their own filed words · FY2022
01

The schenectady light opera company, INC.'S (sloc) purpose is to develop an appreciation of the musical arts in the local community by promoting and producing musical productions. Each year, sloc produces musical theater shows which benefited the local community, cast, and volunteers.

$308Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$128
Total grants receivedfrom 1 funder$128

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$316K
Ln 12
Fees for servicesLn 2g$155K
Gifts and grantsLn 1h$113K
Other incomeLn 4–11$45K
Money outPt IX
$333K
Ln 25
Programscol B$308K
Managementcol C$25K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$1.4M
LiabilitiesLn 26$288K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$113K
Government grantsLn 1e$59K
Fees for servicesLn 2g$155K
Investment incomeLn 3$3K
Other incomeLn 4–11$45K
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$128K
Cash and savings togetherLn 1–2$128K
InvestmentsLn 11–13$82K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$48K
Total assetsLn 16$1.4M
LiabilitiesLn 26$288K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6275
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$118K$128K
InvestmentsLn 11–13$81K$82K
Land, buildings, equipmentLn 10c$1.2M$1.1M
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$337K$288K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$5K$5K
OccupancyLn 16$46K$46K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$86K$86K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$113K$107K$6K
Total functional expensesLn 25$333K$308K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $467K$315K$152K$1.3M 990 PDF
FY2024 $359K$334K$25K$1.1M 990 PDF
FY2023 Viewing $316K$333K−$17K$1.1M 990 PDF
FY2022 $223K$251K−$27K$1.1M 990 PDF
FY2021 $236K$188K$47K$1.2M 990 PDF
FY2020 $250K$289K−$39K$1.1M 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
See the full FY2023 990 (6 parts)
Part I · Summary $315,999 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $82,079$112,953
I-9 Program service revenuePrior year $94,490$154,927
I-10 Investment incomePrior year $3,627$3,152
I-11 Other revenuePrior year $43,058$44,967
I-12 Total revenuePrior year $223,254$315,999
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $250,713$332,704
I-18 Total expensesPrior year $250,713$332,704
I-19 Revenue less expensesPrior year −$27,459−$16,705
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $315,999 across 7 lines filed
VIII-1e Government grants$59,174
VIII-1f All other contributions, gifts and grants$53,779
VIII-1h Total contributions, gifts and grants$112,953
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $154,927$154,927
VIII-3 Investment incomeExcluded from tax $3,152$3,152
VIII-6 Net rental income or lossExcluded from tax $44,967$44,967
VIII-12 Total revenueRelated to mission $154,927 · Excluded from tax $48,119$315,999
Part IX · Statement of functional expenses $332,704 across 9 lines filed
IX-11b Legal feesManagement $12,560$12,560
IX-11c Accounting feesManagement $1,075$1,075
IX-12 Advertising and promotionPrograms $9,380$9,380
IX-13 Office expensesManagement $5,447$5,447
IX-16 OccupancyPrograms $45,501$45,501
IX-20 InterestPrograms $13,204$13,204
IX-22 Depreciation, depletion and amortizationPrograms $86,099$86,099
IX-23 InsurancePrograms $46,418$46,418
IX-24 Other expenses (24a–d)Programs $107,337 · Management $5,683$113,020
IX-25 Total functional expensesPrograms $307,939 · Management $24,765 · Fundraising $0$332,704
Part X · Balance sheet $1,388,319 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $117,986$127,582
X-4 Accounts receivable$142
X-9 Prepaid expenses and deferred chargesStart of year $70,549$27,349
X-10c Land, buildings and equipment, netStart of year $1,175,003$1,102,994
X-11 Publicly traded securitiesStart of year $81,114$82,252
X-15 Other assetsStart of year $3,857$48,000
X-16 Total assetsStart of year $1,455,811$1,388,319
X-17 Accounts payable and accrued expensesStart of year $45,273$1,172
X-19 Deferred revenueStart of year $18,488$27,039
X-25 Other liabilitiesStart of year $3,000$3,000
X-26 Total liabilitiesStart of year $336,756$287,935
X-27 Net assets without donor restrictionsStart of year $1,119,055$1,100,384
X-32 Total net assets or fund balancesStart of year $1,119,055$1,100,384
X-33 Total liabilities and net assetsStart of year $1,455,811$1,388,319
Part XI · Reconciliation of net assets $1,100,384 net assets at year end
XI-1 Total revenue$315,999
XI-2 Total expenses$332,704
XI-3 Revenue less expenses−$16,705
XI-4 Net assets at start of year$1,119,055
XI-5 Net unrealized gains (losses) on investments−$1,966
XI-10 Net assets at end of year$1,100,384

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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