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Fremont Opera House INC

Tax-deductible

Fremont, NE501(c)(3)EIN 36-2986253Revenue $56K in FY2024

On file with the IRSfremontoperahouse.org541 N Broad St, 68025-4930 · Fremont, NETax-exempt since Apr 1979Publicly supported — 509(a)(2)

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Rehabilitation, maintenance and continued operation of the historic landmark building Fremont Opera.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $603 a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
+6% vs prior year
Spent
$49K
To programs
100%
Net assets
$173K
By yearFY2020–FY2024
Revenue
$56K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$47K
FY2021$45K
FY2022$60K
FY2023$53K
FY2024$56K
Expenses
$49K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$40K
FY2021$50K
FY2022$63K
FY2023$54K
FY2024$49K
Net assets
$173K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$176K
FY2021$175K
FY2022$162K
FY2023$164K
FY2024$173K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1979.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $49K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Neal Chromy
Director
$0Pt VII · Sec A
Janet Larsen
Director
$0Pt VII · Sec A
Susan Larson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Lee Meyer
President
$0Pt VII · Sec A
See Fremont Opera House 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

Preserves and operates the historic Fremont Opera building for continued use.

Questions for Fremont Opera House INC

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Provided by the organization

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1 program · $49K · in their own filed words · FY2024
01

Maintenance, restoration and continued operation of the historical landmark building known as fremont opera house.

$49Kprogram 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 · FY2023
Fremont Area Community Foundation INCFY2023$30K
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$56K
Ln 12
Fees for servicesLn 2g$38K
Gifts and grantsLn 1h$15K
Investment incomeLn 3$3K
Money outPt IX
$49K
Ln 25
Programscol B$49K
Owns and owesPt X
$173K
net assets · Ln 32
Cash and savingsLn 1–2$9K
Total assetsLn 16$179K
LiabilitiesLn 26$6K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Fees for servicesLn 2g$38K
Investment incomeLn 3$3K
Gains on assetsLn 7$1K
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$9K
Cash and savings togetherLn 1–2$9K
Land, buildings, equipmentLn 10c$124K
Other assetsLn 15$46K
Total assetsLn 16$179K
LiabilitiesLn 26$6K
Net assetsLn 32$173K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2K$9K
Land, buildings, equipmentLn 10c$124K$124K
Total assetsLn 16$170K$179K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$164K$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$756$756
Investment management feesLn 11f$657$657
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$402$402
Information technologyLn 14$2K$2K
OccupancyLn 16$14K$14K
Conferences, conventions and meetingsLn 19$847$847
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$49K$49K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $56K$49K$6K$173K 990 PDF
FY2023 $53K$54K−$2K$164K 990 PDF
FY2022 $60K$63K−$4K$162K 990 PDF
FY2021 $45K$50K−$5K$175K 990 PDF
FY2020 $47K$40K$7K$176K 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 FY2024 990 (6 parts)
Part I · Summary $55,916 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,240$15,455
I-9 Program service revenuePrior year $44,672$37,897
I-10 Investment incomePrior year $1,951$2,564
I-11 Other revenue$0
I-12 Total revenuePrior year $52,863$55,916
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $54,469$49,490
I-18 Total expensesPrior year $54,469$49,490
I-19 Revenue less expensesPrior year −$1,606$6,426
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $55,916 across 6 lines filed
VIII-1f All other contributions, gifts and grants$15,455
VIII-1h Total contributions, gifts and grants$15,455
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,897$37,897
VIII-3 Investment incomeRelated to mission $1,165$1,165
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,399$1,399
VIII-12 Total revenueRelated to mission $40,461$55,916
Part IX · Statement of functional expenses $49,490 across 10 lines filed
IX-11c Accounting feesPrograms $756$756
IX-11f Investment management feesPrograms $657$657
IX-11g Other fees for servicesPrograms $6,069$6,069
IX-12 Advertising and promotionPrograms $1,660$1,660
IX-13 Office expensesPrograms $402$402
IX-14 Information technologyPrograms $1,703$1,703
IX-16 OccupancyPrograms $13,721$13,721
IX-19 Conferences, conventions and meetingsPrograms $847$847
IX-23 InsurancePrograms $5,529$5,529
IX-24 Other expenses (24a–d)Programs $18,146$18,146
IX-25 Total functional expensesPrograms $49,490 · Management $0 · Fundraising $0$49,490
Part X · Balance sheet $178,765 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $2,474$8,966
X-10c Land, buildings and equipment, netStart of year $123,950$123,950
X-15 Other assetsStart of year $43,467$45,849
X-16 Total assetsStart of year $169,891$178,765
X-24 Unsecured notes and loans payableStart of year $5,500$5,500
X-26 Total liabilitiesStart of year $5,500$5,500
X-27 Net assets without donor restrictionsStart of year $164,391$173,265
X-32 Total net assets or fund balancesStart of year $164,391$173,265
X-33 Total liabilities and net assetsStart of year $169,891$178,765
Part XI · Reconciliation of net assets $173,265 net assets at year end
XI-1 Total revenue$55,916
XI-2 Total expenses$49,490
XI-3 Revenue less expenses$6,426
XI-4 Net assets at start of year$164,391
XI-5 Net unrealized gains (losses) on investments$2,448
XI-10 Net assets at end of year$173,265

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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