Cincinnati Opera Association INC FY2021 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 1935Arts & CultureEIN 31-0549044Revenue $8.7M in FY2021

On file with the IRScincinnatiopera.org1243 Elm St, 45202-7531 · Cincinnati, OHTax-exempt since Nov 1942Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich and connect the community through diverse opera experiences.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
2 of 6
filings with a surplus
Average deficit $443K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
70
of 71 voting members
Looks good: 70 of 71 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
+71% vs prior year
Spent
$7.5M
To programs
76%
Net assets
$41.9M
By yearFY2020–FY2025
Revenue
$8.7M
FY2021▲ +71%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$8.7M
FY2022$9.1M
FY2023$7.2M
FY2024$7.9M
FY2025$10.6M
Expenses
$7.5M
FY2021▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.2M
FY2021$7.5M
FY2022$9.8M
FY2023$8.9M
FY2024$10.1M
FY2025$8.7M
Net assets
$41.9M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$36.6M
FY2021$41.9M
FY2022$35.2M
FY2023$35.3M
FY2024$36.6M
FY2025$39.5M

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Nov 1942.

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% · $5.7M Management & general 13% · $986K Fundraising 10% · $778K

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

78 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
General Director & CEO
$203,252Pt VII · Sec A
Artistic Director
$203,144Pt VII · Sec A
General Director & CEO - Left 8/20
$196,610Pt VII · Sec A
Chief Financial Officer
$125,737Pt VII · Sec A
Director of Production - Left 10/20
$114,637Pt VII · Sec A
Director of Patron Engagement
$106,830Pt VII · Sec A
Chief Advancement Officer-Left 5/20
$64,904Pt VII · Sec A
$26,481Pt VII · Sec A

Christopher a Milligan’s $243K as General Director & CEO is at the 27th percentile of top reported officer pay among 749 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patricia K Beggs————$196,610$267,488
Patricia Beggs———$250,000——
Christopher a Milligan$242,965$241,336$227,111$218,210$203,252$131,008
Evans J Mirageas$236,928$237,315$220,837$211,392$203,144$199,103
Michael J Veroni———$141,821$125,737$150,508
Sneja Tomassian————$64,904$134,174
Glenn L Plott————$114,637$127,982
Jennifer M Dubois$124,772$100,543————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Brings diverse opera experiences to enrich and connect the community.

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Provided by the organization

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1 program · $5.7M · in their own filed words · FY2020
01

After canceling its 100th-anniversary celebrations in 2020, due to the COVID-19 pandemic, Cincinnati Opera was determined to share live, in-person opera with the community again in 2021. The company reimagined its 2021 Summer Festival as the first-ever, all-outdoor Summer at Summit, located at Summit Park in Blue Ash, Ohio.

$5.7Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$5.1M
Investment incomeLn 3$3.0M
Fees for servicesLn 2g$334K
Money outPt IX
$7.5M
Ln 25
Programscol B$5.7M
Managementcol C$986K
Fundraisingcol D$778K
Owns and owesPt X
$41.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$45.5M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
78
listed · VII A
PaidVII A8
Voting boardVI 1a71
IndependentVI 1b70
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$142K
Fees for servicesLn 2g$334K
Investment incomeLn 3$3.0M
Other incomeLn 4–11$230K
Gains on assetsLn 7$2.2M
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$38.6M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$11K
Total assetsLn 16$45.5M
LiabilitiesLn 26$3.6M
Net assetsLn 32$41.9M
OperationsPt I, VI
EmployeesI 542
VolunteersI 6212
Fiscal year endsHeaderAugust
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 FY21End FY21
Cash and savingsLn 1–2$758K$1.5M
InvestmentsLn 11–13$33.9M$38.6M
Land, buildings, equipmentLn 10c$3.4M$3.1M
Total assetsLn 16$40.4M$45.5M
LiabilitiesLn 26$3.7M$3.6M
Net assetsLn 32$36.6M$41.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$903K$419K$229K$256K
Other salaries and wagesLn 7$3.3M$2.8M$271K$254K
Pension plan contributionsLn 8$22K$14K$5K$3K
Other employee benefitsLn 9$165K$109K$44K$12K
Payroll taxesLn 10$152K$87K$34K$31K
Legal feesLn 11b$19K$17K$2K
Accounting feesLn 11c$30K$30K
Advertising and promotionLn 12$148K$123K$25K
Office expensesLn 13$78K$9K$62K$8K
Information technologyLn 14$109K$77K$16K$16K
OccupancyLn 16$590K$541K$40K$10K
TravelLn 17$251K$239K$11K$933
Conferences, conventions and meetingsLn 19$26K$9K$11K$6K
Depreciation, depletion and amortizationLn 22$24K$20K$4K
InsuranceLn 23$53K$42K$8K$3K
Other expenses (24a–d)Ln 24$1.3M$1.2M$90K$87K
All other expensesLn 24e$289K$94K$129K$66K
Total functional expensesLn 25$7.5M$5.7M$986K$778K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.6M$8.7M$1.9M$39.5M 990 PDF
FY2024 $7.9M$10.1M−$2.2M$36.6M 990 PDF
FY2023 $7.2M$8.9M−$1.7M$35.3M 990 PDF
FY2022 $9.1M$9.8M−$715K$35.2M 990 PDF
FY2021 Viewing $8.7M$7.5M$1.2M$41.9M 990 PDF
FY2020 $5.1M$6.2M−$1.1M$36.6M 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 FY2021 990 (6 parts)
Part I · Summary $8,663,002 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,272,301$5,141,492
I-9 Program service revenuePrior year $112,280$333,652
I-10 Investment incomePrior year $420,694$2,957,820
I-11 Other revenuePrior year $258,442$230,038
I-12 Total revenuePrior year $5,063,717$8,663,002
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,987,982$4,523,519
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,196,185$2,945,997
I-18 Total expensesPrior year $6,184,167$7,469,516
I-19 Revenue less expensesPrior year −$1,120,450$1,193,486
Part VI · Governance 70 of 71 board members independent, 1 to look at
VI-1a Voting members of the governing body71
VI-1b Independent voting members70
VI-2 Family or business relationship among officers or directorsYes
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 $8,663,002 across 11 lines filed
Lines not itemized here account for $2,915 of total revenue; see the IRS return.
VIII-1a Federated campaigns$738,900
VIII-1e Government grants$1,434,317
VIII-1f All other contributions, gifts and grants$2,968,275
VIII-1g Noncash contributions (included above)$142,391
VIII-1h Total contributions, gifts and grants$5,141,492
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $333,652$333,652
VIII-3 Investment incomeExcluded from tax $768,531$768,531
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,189,289$2,189,289
VIII-8 Net income from fundraising eventsExcluded from tax $2,708$2,708
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $224,415$224,415
VIII-12 Total revenueRelated to mission $333,652 · Unrelated business $0 · Excluded from tax $3,187,858$8,663,002
Part IX · Statement of functional expenses $7,469,516 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $418,581 · Management $228,666 · Fundraising $256,096$903,343
IX-7 Other salaries and wagesPrograms $2,757,270 · Management $270,792 · Fundraising $253,672$3,281,734
IX-8 Pension plan contributionsPrograms $13,873 · Management $4,898 · Fundraising $2,822$21,593
IX-9 Other employee benefitsPrograms $109,033 · Management $43,620 · Fundraising $12,386$165,039
IX-10 Payroll taxesPrograms $86,511 · Management $33,884 · Fundraising $31,415$151,810
IX-11b Legal feesPrograms $16,769 · Management $1,863$18,632
IX-11c Accounting feesManagement $30,325$30,325
IX-12 Advertising and promotionPrograms $122,622 · Fundraising $25,354$147,976
IX-13 Office expensesPrograms $8,751 · Management $61,893 · Fundraising $7,732$78,376
IX-14 Information technologyPrograms $76,620 · Management $16,418 · Fundraising $16,418$109,456
IX-16 OccupancyPrograms $540,568 · Management $39,763 · Fundraising $9,941$590,272
IX-17 TravelPrograms $238,863 · Management $10,946 · Fundraising $933$250,742
IX-19 Conferences, conventions and meetingsPrograms $8,661 · Management $11,122 · Fundraising $5,852$25,635
IX-22 Depreciation, depletion and amortizationPrograms $19,573 · Management $4,492$24,065
IX-23 InsurancePrograms $42,227 · Management $7,918 · Fundraising $2,639$52,784
IX-24 Other expenses (24a–d)Programs $1,150,814 · Management $90,077 · Fundraising $87,428$1,328,319
IX-24e All other expensesPrograms $94,471 · Management $129,264 · Fundraising $65,680$289,415
IX-25 Total functional expensesPrograms $5,705,207 · Management $985,941 · Fundraising $778,368$7,469,516
Part X · Balance sheet $45,503,952 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $757,888$1,466,436
X-3 Pledges and grants receivableStart of year $1,885,496$1,852,067
X-4 Accounts receivableStart of year $169,540$165,682
X-9 Prepaid expenses and deferred chargesStart of year $266,226$267,784
X-10c Land, buildings and equipment, netStart of year $3,406,814$3,129,568
X-11 Publicly traded securitiesStart of year $22,646,744$25,881,875
X-12 Other securitiesStart of year $9,590,351$11,381,932
X-13 Program-related investmentsStart of year $1,617,878$1,347,730
X-15 Other assetsStart of year $11,014$10,878
X-16 Total assetsStart of year $40,351,951$45,503,952
X-17 Accounts payable and accrued expensesStart of year $190,699$247,169
X-19 Deferred revenueStart of year $168,344$252,632
X-25 Other liabilitiesStart of year $3,362,640$3,112,020
X-26 Total liabilitiesStart of year $3,721,683$3,611,821
X-27 Net assets without donor restrictionsStart of year $10,114,216$11,692,197
X-28 Net assets with donor restrictionsStart of year $26,516,052$30,199,934
X-32 Total net assets or fund balancesStart of year $36,630,268$41,892,131
X-33 Total liabilities and net assetsStart of year $40,351,951$45,503,952
Part XI · Reconciliation of net assets $41,892,131 net assets at year end
XI-1 Total revenue$8,663,002
XI-2 Total expenses$7,469,516
XI-3 Revenue less expenses$1,193,486
XI-4 Net assets at start of year$36,630,268
XI-5 Net unrealized gains (losses) on investments$4,068,377
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,892,131

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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