The corporation is organized and operated exclusively for the benefit of the Palm Beach Opera, INC., a tax-exempt 501(c)(3) corporation. On behalf of the Palm Beach Opera, INC., the corporation conducts fundraising activities, encourages and motivates the making of gifts and donations, and fosters the general public's interest in the Opera through education.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 27 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $4K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $72K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
-4% vs prior year
Spent
$112K
To programs
59%
Net assets
$37K
By yearFY2020–FY2023
Revenue
$105K
FY2023▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$54K
FY2021$90K
FY2022$110K
FY2023$105K
Expenses
$112K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$54K
FY2022$110K
FY2023$112K
Net assets
$37K
FY2023▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$44K
FY2022$44K
FY2023$37K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2012.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $66K Management & general 9% · $10K Fundraising 33% · $37K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Honorary Cha
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Palm Beach Opera Guild 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

Raises funds and promotes public interest in opera through education.

Questions for Palm Beach Opera Guild INC

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Provided by the organization

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1 program · $66K · in their own filed words · FY2022
01

Through contributions, membership dues, and fundraising events the palm beach opera guild, inc. Raised funds for and expanded public awareness of the palm beach opera, inc. And its programs.

$66Kprogram 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 · FY2024
Total grants receivedfrom 6 funders$72K
See all 6 funders →
Grants paid · 4 grants · $222K · 2019–2022
Palm Beach Opera INCFL · FY2022$65,000
Palm Beach Opera INCFL · FY2021$70,800
Palm Beach Opera INCFL · FY2020$35,000
Palm Beach Opera INCFL · FY2019$51,300

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$105K
Ln 12
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$17K
Money outPt IX
$112K
Ln 25
Programscol B$66K
Managementcol C$10K
Fundraisingcol D$37K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Other incomeLn 4–11$17K
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$37K
LiabilitiesLn 26$0
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 627
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
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$44K$37K
Total assetsLn 16$44K$37K
LiabilitiesLn 26$0$0
Net assetsLn 32$44K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Accounting feesLn 11c$850$850
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$7K
Information technologyLn 14$911$911
TravelLn 17$603$603
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$26K$26K
All other expensesLn 24e$3K$776$2K
Total functional expensesLn 25$112K$66K$10K$37K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $105K$112K−$7K$37K 990 PDF
FY2022 $110K$110K−$184$44K 990 PDF
FY2021 $90K$54K$36K$44K 990 PDF
FY2020 $54K$68K−$14K$8K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $105,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $103,162$88,305
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $6,997$16,997
I-12 Total revenuePrior year $110,159$105,302
I-13 Grants and similar amounts paidPrior year $70,800$65,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,543$47,254
I-18 Total expensesPrior year $110,343$112,254
I-19 Revenue less expensesPrior year −$184−$6,952
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $105,302 across 5 lines filed
VIII-1b Membership dues$22,810
VIII-1f All other contributions, gifts and grants$65,495
VIII-1h Total contributions, gifts and grants$88,305
VIII-8 Net income from fundraising events$16,997
VIII-12 Total revenue$105,302
Part IX · Statement of functional expenses $112,254 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $65,000$65,000
IX-11c Accounting feesManagement $850$850
IX-12 Advertising and promotionFundraising $1,349$1,349
IX-13 Office expensesFundraising $6,840$6,840
IX-14 Information technologyManagement $911$911
IX-17 TravelFundraising $603$603
IX-19 Conferences, conventions and meetingsManagement $6,691$6,691
IX-23 InsuranceManagement $1,448$1,448
IX-24 Other expenses (24a–d)Fundraising $25,771$25,771
IX-24e All other expensesPrograms $776 · Fundraising $2,015$2,791
IX-25 Total functional expensesPrograms $65,776 · Management $9,900 · Fundraising $36,578$112,254
Part X · Balance sheet $36,846 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $43,798$36,846
X-16 Total assetsStart of year $43,798$36,846
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $43,798$36,846
X-33 Total liabilities and net assetsStart of year $43,798$36,846
Part XI · Reconciliation of net assets $36,846 net assets at year end
XI-1 Total revenue$105,302
XI-2 Total expenses$112,254
XI-3 Revenue less expenses−$6,952
XI-4 Net assets at start of year$43,798
XI-10 Net assets at end of year$36,846

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

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