Annapolis Opera Incorporated FY2020 filing

Tax-deductible

Annapolis, MD501(c)(3)Arts & CultureEIN 23-7321514Revenue $486K in FY2020

On file with the IRSannapolisopera.org801 Chase St 304, 21401-3530 · Annapolis, MDTax-exempt since Oct 1973Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Opera and Opera based experiences to the public

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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 $175K a year · 19% 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $174K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$27K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$486K
Spent
$488K
To programs
79%
Net assets
$159K
By yearFY2020–FY2025
Revenue
$486K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$486K
FY2021$696K
FY2022$1.5M
FY2023$870K
FY2024$1.1M
FY2025$786K
Expenses
$488K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$488K
FY2021$351K
FY2022$735K
FY2023$1.0M
FY2024$923K
FY2025$936K
Net assets
$159K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$159K
FY2021$527K
FY2022$1.2M
FY2023$1.1M
FY2024$1.5M
FY2025$1.4M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1973.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $385K Management & general 16% · $78K Fundraising 5% · $24K

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

19 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
General Manager
$64,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kathy Swekel’s $85K as General Director is at the 79th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kathy Swekel$85,000$79,615$72,308$66,815$55,089$64,000

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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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 15aYes

Programs and updates

Offers opera and opera-based experiences to the public.

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Provided by the organization

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1 program · $385K · in their own filed words · FY2019
01

Its purpose is to organize and operate an opera company for the performance of opera and other stage performances and to give and promote entertainment, education, lectures, social affairs, and celebrations in connection with its pursuits as an opera company.

$385Kprogram 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 · FY2024
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$486K
Ln 12
Gifts and grantsLn 1h$340K
Fees for servicesLn 2g$130K
Other incomeLn 4–11$17K
Money outPt IX
$488K
Ln 25
Programscol B$385K
Managementcol C$78K
Fundraisingcol D$24K
Owns and owesPt X
$159K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$186K
LiabilitiesLn 26$27K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$340K
Government grantsLn 1e$71K
Fundraising eventsLn 1c$28K
Fees for servicesLn 2g$130K
Investment incomeLn 3$290
Other incomeLn 4–11$17K
Gains on assetsLn 7−$2K
Total revenueLn 12$486K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$152K
InvestmentsLn 11–13$34K
Total assetsLn 16$186K
LiabilitiesLn 26$27K
Net assetsLn 32$159K
OperationsPt I, VI
EmployeesI 55
VolunteersI 618
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$173K$152K
InvestmentsLn 11–13$34K
Total assetsLn 16$173K$186K
LiabilitiesLn 26$1K$27K
Net assetsLn 32$172K$159K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$67K$41K$21K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$85K$55K$24K$6K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$12K$7K$3K$883
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$9K$8K$589
Advertising and promotionLn 12$23K$19K$3K$1K
Office expensesLn 13$12K$598$10K$767
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$11K$6K$4K$1K
TravelLn 17$491$11$450$30
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$25$25
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$330$330
InsuranceLn 23$4K$2K$1K$363
Other expenses (24a–d)Ln 24$266K$256K$2K$8K
All other expensesLn 24e$0
Total functional expensesLn 25$488K$385K$78K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $786K$936K−$149K$1.4M 990 PDF
FY2024 $1.1M$923K$214K$1.5M 990 PDF
FY2023 $870K$1.0M−$141K$1.1M 990 PDF
FY2022 $1.5M$735K$784K$1.2M 990 PDF
FY2021 $696K$351K$345K$527K 990 PDF
FY2020 Viewing $486K$488K−$2K$159K 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 FY2020 990 (6 parts)
Part I · Summary $486,358 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $393,244$339,706
I-9 Program service revenuePrior year $183,886$129,608
I-10 Investment incomePrior year $3,410−$1,274
I-11 Other revenue$18,318
I-12 Total revenuePrior year $580,540$486,358
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $150,431$163,202
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $459,874$324,971
I-18 Total expensesPrior year $610,305$488,173
I-19 Revenue less expensesPrior year −$29,765−$1,815
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $486,358 across 9 lines filed
VIII-1c Fundraising events$28,050
VIII-1e Government grants$71,237
VIII-1f All other contributions, gifts and grants$240,419
VIII-1h Total contributions, gifts and grants$339,706
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $129,608$129,608
VIII-3 Investment incomeExcluded from tax $290$290
VIII-7 Net gain or loss on sales of assets−$1,564
VIII-8 Net income from fundraising events$18,318
VIII-12 Total revenueRelated to mission $129,608 · Excluded from tax $290$486,358
Part IX · Statement of functional expenses $488,173 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $41,117 · Management $20,739 · Fundraising $4,877$66,733
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $54,529 · Management $23,880 · Fundraising $6,469$84,878
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $7,447 · Management $3,261 · Fundraising $883$11,591
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $8,262 · Fundraising $589$8,851
IX-12 Advertising and promotionPrograms $18,787 · Management $3,309 · Fundraising $1,174$23,270
IX-13 Office expensesPrograms $598 · Management $10,413 · Fundraising $767$11,778
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $5,528 · Management $4,423 · Fundraising $1,106$11,057
IX-17 TravelPrograms $11 · Management $450 · Fundraising $30$491
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $25$25
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $330$330
IX-23 InsurancePrograms $1,815 · Management $1,453 · Fundraising $363$3,631
IX-24 Other expenses (24a–d)Programs $255,595 · Management $1,711 · Fundraising $8,232$265,538
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $385,427 · Management $78,256 · Fundraising $24,490$488,173
Part X · Balance sheet $186,007 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $64,617$106,733
X-2 Savings and temporary cash investmentsStart of year $108,060$45,000
X-11 Publicly traded securities$34,274
X-16 Total assetsStart of year $173,007$186,007
X-17 Accounts payable and accrued expensesStart of year $1,077$46
X-19 Deferred revenue$27,000
X-26 Total liabilitiesStart of year $1,077$27,046
X-27 Net assets without donor restrictionsStart of year $170,537$147,518
X-28 Net assets with donor restrictionsStart of year $1,393$11,443
X-32 Total net assets or fund balancesStart of year $171,930$158,961
X-33 Total liabilities and net assetsStart of year $173,007$186,007
Part XI · Reconciliation of net assets $158,961 net assets at year end
XI-1 Total revenue$486,358
XI-2 Total expenses$488,173
XI-3 Revenue less expenses−$1,815
XI-4 Net assets at start of year$171,930
XI-5 Net unrealized gains (losses) on investments−$11,154
XI-10 Net assets at end of year$158,961

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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