Palm Beach Opera Guild INC EIN 27-4077801 Form 990 (PDF) Claim this org

Palm Beach Opera Guild INC

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Raises funds and promotes public interest in opera through education. For fiscal year 2023 it reported $105K in revenue, $112K in expenses, and $37K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
West Palm Bch, FL
Website
pboperaguild.org
Filings
4 on file (2020–2023)
Revenue
$105KFY2023
Expenses
$112K
Net assets
$37K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  27-4077801 Public charity (501(c)(3)) West Palm Bch, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises funds and promotes public interest in opera through education.
Leadership
Lois Pope · Honorary Cha
Money in and out
$105K revenue, $112K expenses
Bottom line
59% program efficiency
Where the money goes · FY2023
Total revenue
$105K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.09 Fundraising $0.33
Program efficiency
59%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -3853% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$105K
FY2023▼ -4%
Expenses
$112K
FY2023▲ +2%
Total assets
$37K
FY2023▼ -16%
Total liabilities
$0
FY2023
Total revenue
$105K
Pt VIII · Ln 12
Total expenses
$112K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$37K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $66K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPalm Beach Opera Guild INC
EINHdr · item D27-4077801
Principal addressHdr · item CWest Palm Bch, FL
WebsiteHdr · item Jpboperaguild.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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
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Statement of Revenue

Part VIII
Contributions & grants$88K · 84%
Other revenue$17K · 16%
Contributions & grants84%$88K
Other revenue16%$17K
Total revenueLn 12$105K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.09 Fundraising $0.33
Program services59%$66K
Management & general9%$10K
Fundraising33%$37K
Total functional expensesLn 25$112K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$37K
Total liabilitiesLn 26$0
Total net assetsLn 32$37K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $112K
3.9 months
Where the money goes
Program services
Program services $66K · Total expenses $112K
59%
Management & General
Management & general $10K · Total expenses $112K
9%
Fundraising
Fundraising $37K · Total expenses $112K
33%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $87K
$0.33 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $88K · Total revenue $105K
84%
Government reliance
Government grants — · Total revenue $105K
Earned-income share
Program service revenue $0 · Total revenue $105K
0%
Investment reliance
Investment income $0 · Total revenue $105K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $112K
0%
Growth & trend
Revenue growth (YoY)
This year $105K · Prior year $110K
-4%
Net-asset trend (YoY)
End of year $37K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $105K · Expenses $112K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $37K
Net-asset ratio
Net assets $37K · Total assets $37K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $37K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lois Pope · Reported title HONORARY CHA · Highest reported compensation $0 · Total expenses $112K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $112K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 9%
Fundraising cost ratio 41%
Revenue growth -4%
Accounting fee ratio 0.8%

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.

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$105K revenue · viewing · ⤓ 990 PDF
FY2022$110K revenue · ⤓ 990 PDF
FY2021$90K revenue · ⤓ 990 PDF
FY2020$54K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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