Opera Project Columbus Incorporated EIN 45-2324535 Form 990 (PDF) Claim this org

Opera Project Columbus Incorporated

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Produces local operas, supporting Central Ohio talent and enriching audiences. For fiscal year 2024 it reported $201K in revenue, $238K in expenses, and $4K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Worthington, OH
Website
operaprojectcolumbus.com
Filings
4 on file (2021–2024)
Revenue
$201KFY2024
Expenses
$238K
Net assets
$4K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  45-2324535 Public charity (501(c)(3)) Worthington, OH Founded 2011
Form 990 (PDF)
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Size
$100K–1M
What they do
Produces local operas, supporting Central Ohio talent and enriching audiences.
Leadership
Eric Gibson · Executive Director · $41K
Money in and out
$201K revenue, $238K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$4K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$37K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.15 Fundraising $0.06
Program efficiency
80%
of spending reaches programs
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▼ -68% vs prior filing year
Surplus margin
-19%
revenue over expenses, this year▲ +39% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$201K
FY2024▲ +14%
Expenses
$238K
FY2024▼ -13%
Total assets
$15K
FY2024▼ -85%
Total liabilities
$11K
FY2024▲ ×56
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$238K
Pt IX · Ln 25
Net assets
$4K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$37K
Total assetsPt X · Ln 16$15K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $189K of program spending, described in the organization's own filed words · FY2024.
01

The 2024-2025 season began with an intimate gathering as OPC hosted a Spring Soiree in April with a seated event of music, community, food and drink. OPC Executive Director Eric Gibson accompanied on the piano while Kate Merryman sang operatic repertoire and well known musical numbers.

$189Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpera Project Columbus Incorporated
EINHdr · item D45-2324535
Principal addressHdr · item CWorthington, OH
WebsiteHdr · item Joperaprojectcolumbus.com
Year of formationHdr · item L2011
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A600)
Ruling yearIRS BMFOct 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$41,200Pt VII · Sec A
Vpsecretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Gibson’s $41K as Executive Director is at the 36th percentile of top reported officer pay among 2213 $100K–1M 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

NameFY2024FY2024FY2023FY2022FY2021
Eric Gibson$41,200$12,000
Gregory Eldridge$21,000
Leslie McBride$11,994
Megan Wetzel$9,640$7,600$5,400$5,200
Karen Barnick Pfeifer$4,050
Hannah Minner$2,400$2,600
Pavana Stetzik$1,490
Chelsea Hart Melcher$750

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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Statement of Revenue

Part VIII
Contributions & grants$161K · 80%
Program service revenue$40K · 20%
Contributions & grants80%$161K
Program service revenue20%$40K
Investment income$945
— government grantsLn 1e$107K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.15 Fundraising $0.06
Program services80%$189K
Management & general15%$35K
Fundraising6%$13K
Total functional expensesLn 25$238K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$15K
Total liabilitiesLn 26$11K
Total net assetsLn 32$4K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $238K
0.7 months
Where the money goes
Program services
Program services $189K · Total expenses $238K
80%
Management & General
Management & general $35K · Total expenses $238K
15%
Fundraising
Fundraising $13K · Total expenses $238K
6%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $73K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $161K · Total revenue $201K
80%
Government reliance
Government grants $107K · Total revenue $201K
53%
Earned-income share
Program service revenue $40K · Total revenue $201K
20%
Investment reliance
Investment income $945 · Total revenue $201K
+0.5%
Program self-sufficiency
Program service revenue $40K · Total expenses $238K
17%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $176K
+14%
Revenue CAGR
FY2020 $220K · FY2024 $201K
-2%
Net-asset trend (YoY)
End of year $4K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $238K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $15K
Net-asset ratio
Net assets $4K · Total assets $15K
28%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eric Gibson · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $41K · Total expenses $238K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $238K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 15%
Fundraising cost ratio 8%
Revenue growth 14%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$65K

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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
FY2024$176K revenue · ⤓ 990 PDF
FY2023$217K revenue · ⤓ 990 PDF
FY2022$284K revenue · ⤓ 990 PDF
FY2021$220K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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