Palm Beach Opera Guild INC FY2020 filing

Tax-deductible

West Palm Bch, FL501(c)(3)Arts & CultureEIN 27-4077801Revenue $54K in FY2020

On file with the IRSpboperaguild.org1800 S Australian Ave Ste 301, 33409-6450 · West Palm Bch, FLTax-exempt since Mar 2012Publicly supported — 509(a)(2)

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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.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$54K
Spent
$68K
To programs
76%
Net assets
$8K
By yearFY2020–FY2023
Revenue
$54K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$54K
FY2021$90K
FY2022$110K
FY2023$105K
Expenses
$68K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$68K
FY2021$54K
FY2022$110K
FY2023$112K
Net assets
$8K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$44K
FY2022$44K
FY2023$37K

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

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $51K Management & general 1% · $589 Fundraising 23% · $16K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$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
$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.

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Provided by the organization

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1 program · $51K · in their own filed words · FY2019
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.

$51Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$54K
Ln 12
Gifts and grantsLn 1h$62K
Money outPt IX
$68K
Ln 25
Programscol B$51K
Managementcol C$589
Fundraisingcol D$16K
Owns and owesPt X
$8K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Total revenueLn 12$54K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Total assetsLn 16$8K
LiabilitiesLn 26$0
Net assetsLn 32$8K
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 FY20End FY20
Cash and savingsLn 1–2$22K$8K
Total assetsLn 16$22K$8K
LiabilitiesLn 26$0$0
Net assetsLn 32$22K$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Advertising and promotionLn 12$850$850
Office expensesLn 13$5K$5K
TravelLn 17$2K$2K
InsuranceLn 23$589$589
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$863$863
Total functional expensesLn 25$68K$51K$589$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $105K$112K−$7K$37K 990 PDF
FY2022 $110K$110K−$184$44K 990 PDF
FY2021 $90K$54K$36K$44K 990 PDF
FY2020 Viewing $54K$68K−$14K$8K 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 $54,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,242$61,856
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$8,981−$7,711
I-12 Total revenuePrior year $118,261$54,145
I-13 Grants and similar amounts paidPrior year $100,000$51,300
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $18,287$16,450
I-18 Total expensesPrior year $118,287$67,750
I-19 Revenue less expensesPrior year −$26−$13,605
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $54,145 across 7 lines filed
VIII-1b Membership dues$2,723
VIII-1d Related organizations$15,391
VIII-1f All other contributions, gifts and grants$43,742
VIII-1h Total contributions, gifts and grants$61,856
VIII-8 Net income from fundraising events−$7,956
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $245$245
VIII-12 Total revenueRelated to mission $245$54,145
Part IX · Statement of functional expenses $67,750 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $51,300$51,300
IX-12 Advertising and promotionFundraising $850$850
IX-13 Office expensesFundraising $5,033$5,033
IX-17 TravelFundraising $1,501$1,501
IX-23 InsuranceManagement $589$589
IX-24 Other expenses (24a–d)Fundraising $7,614$7,614
IX-24e All other expensesFundraising $863$863
IX-25 Total functional expensesPrograms $51,300 · Management $589 · Fundraising $15,861$67,750
Part X · Balance sheet $8,408 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $22,013$8,408
X-16 Total assetsStart of year $22,013$8,408
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $22,013$8,408
X-33 Total liabilities and net assetsStart of year $22,013$8,408
Part XI · Reconciliation of net assets $8,408 net assets at year end
XI-1 Total revenue$54,145
XI-2 Total expenses$67,750
XI-3 Revenue less expenses−$13,605
XI-4 Net assets at start of year$22,013
XI-10 Net assets at end of year$8,408

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

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