Annapolis Opera Incorporated FY2022 filing

Tax-deductible

Annapolis, MD501(c)(3)Arts & CultureEIN 23-7321514Revenue $1.5M in FY2022

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.
60¢ of each $1 spent went to programs.
$67K 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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FY2022 · 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 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
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+118% vs prior year
Spent
$735K
To programs
60%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$1.5M
FY2022▲ +118%
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
$735K
FY2022▲ +109%
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
$1.2M
FY2022▲ +118%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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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

60 cents of each dollar spent went to programs.

Program services 60% · $441K Management & general 38% · $281K Fundraising 2% · $14K

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

20 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
General Manager
$66,815Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

See Annapolis Opera Incorporated 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 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 · $441K · in their own filed words · FY2021
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.

$441Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$95K
Investment incomeLn 3$4K
Money outPt IX
$735K
Ln 25
Programscol B$441K
Managementcol C$281K
Fundraisingcol D$14K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$484K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$237K
Noncash giftsLn 1g$51K
Fundraising eventsLn 1c$55K
Fees for servicesLn 2g$95K
Investment incomeLn 3$4K
Gains on assetsLn 7−$13K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$365K
SavingsLn 2$119K
Cash and savings togetherLn 1–2$484K
InvestmentsLn 11–13$658K
Total assetsLn 16$1.2M
LiabilitiesLn 26$2K
Net assetsLn 32$1.2M
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 FY22End FY22
Cash and savingsLn 1–2$442K$484K
InvestmentsLn 11–13$85K$658K
Total assetsLn 16$528K$1.2M
LiabilitiesLn 26$306$2K
Net assetsLn 32$527K$1.2M
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$71K$71K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$91K$91K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$12K$12K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$33K$920$32K
Advertising and promotionLn 12$34K$17K$16K$871
Office expensesLn 13$21K$1K$19K$610
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$11K$11K
TravelLn 17$1K$940$450
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$454K$421K$21K$12K
All other expensesLn 24e$0
Total functional expensesLn 25$735K$441K$281K$14K

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 Viewing $1.5M$735K$784K$1.2M 990 PDF
FY2021 $696K$351K$345K$527K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,519,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $668,151$1,433,730
I-9 Program service revenuePrior year $3,505$95,293
I-10 Investment incomePrior year $2,425−$9,352
I-11 Other revenuePrior year $21,546$0
I-12 Total revenuePrior year $695,627$1,519,671
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $132,386$173,973
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $218,646$561,403
I-18 Total expensesPrior year $351,032$735,376
I-19 Revenue less expensesPrior year $344,595$784,295
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $1,519,671 across 9 lines filed
VIII-1c Fundraising events$55,390
VIII-1e Government grants$236,591
VIII-1f All other contributions, gifts and grants$1,141,749
VIII-1g Noncash contributions (included above)$51,295
VIII-1h Total contributions, gifts and grants$1,433,730
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,293$95,293
VIII-3 Investment incomeExcluded from tax $3,901$3,901
VIII-7 Net gain or loss on sales of assets−$13,253
VIII-12 Total revenueRelated to mission $95,293 · Excluded from tax $3,901$1,519,671
Part IX · Statement of functional expenses $735,376 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 staffManagement $70,623$70,623
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $91,152$91,152
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $12,198$12,198
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,896$2,896
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $920 · Management $32,049$32,969
IX-12 Advertising and promotionPrograms $17,420 · Management $15,896 · Fundraising $871$34,187
IX-13 Office expensesPrograms $1,437 · Management $19,055 · Fundraising $610$21,102
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $11,050$11,050
IX-17 TravelManagement $940 · Fundraising $450$1,390
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $3,855$3,855
IX-24 Other expenses (24a–d)Programs $420,937 · Management $21,256 · Fundraising $11,761$453,954
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $440,714 · Management $280,970 · Fundraising $13,692$735,376
Part X · Balance sheet $1,153,801 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $397,473$364,938
X-2 Savings and temporary cash investmentsStart of year $45,000$119,045
X-4 Accounts receivable$11,785
X-11 Publicly traded securitiesStart of year $85,044$658,033
X-16 Total assetsStart of year $527,517$1,153,801
X-17 Accounts payable and accrued expensesStart of year $306$2,026
X-26 Total liabilitiesStart of year $306$2,026
X-27 Net assets without donor restrictionsStart of year $428,969$413,160
X-28 Net assets with donor restrictionsStart of year $98,242$738,615
X-32 Total net assets or fund balancesStart of year $527,211$1,151,775
X-33 Total liabilities and net assetsStart of year $527,517$1,153,801
Part XI · Reconciliation of net assets $1,151,775 net assets at year end
XI-1 Total revenue$1,519,671
XI-2 Total expenses$735,376
XI-3 Revenue less expenses$784,295
XI-4 Net assets at start of year$527,211
XI-5 Net unrealized gains (losses) on investments−$159,731
XI-10 Net assets at end of year$1,151,775

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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