Gulfshore Opera LLC FY2021 filing

Tax-deductible

Estero, FL501(c)(3)Arts & CultureEIN 47-0989874Revenue $579K in FY2021

On file with the IRSgulfshoreopera.org9911 Corkscrew Rd Ste 105, 33928-3323 · Estero, FLTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To enrich the community by presenting high quality, diverse classical vocal music performances and programs. To support youth in music and participate in community building through a youth development program that empowers under several under served children to strive

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
3 of 4
filings with a surplus
Average surplus $84K a year · 8% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
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
$45K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$579K
Spent
$497K
To programs
75%
Net assets
$301K
By yearFY2021–FY2025
Revenue
$579K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$579K
FY2022$1.2M
FY2023$1.1M
FY2023$1.3M
FY2025$1.1M
Expenses
$497K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$497K
FY2022$999K
FY2023$984K
FY2023$1.2M
FY2025$1.2M
Net assets
$301K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$301K
FY2022$476K
FY2023$571K
FY2023$688K
FY2025$650K

From the FY2021 Form 990 (year ending June 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 Aug 2014.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $374K Management & general 25% · $123K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Development Committee Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steffanie Pearce’s $85K as Presidentgeneral Director is at the 22nd percentile of top reported officer pay among 3924 $1–10M 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.

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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 15aYes

Programs and updates

Presents classical vocal music and empowers underserved youth through music programs.

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Provided by the organization

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1 program · $374K · in their own filed words · FY2020
01

Presented high quality, diverse classical and popular music performance in a variety of styles, including grand opera, vignettes of classical opera favorites and operetta 7

$374Kprogram 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
$579K
Ln 12
Gifts and grantsLn 1h$446K
Fees for servicesLn 2g$96K
Investment incomeLn 3$37K
Money outPt IX
$497K
Ln 25
Programscol B$374K
Managementcol C$123K
Owns and owesPt X
$301K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$346K
LiabilitiesLn 26$45K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$446K
Government grantsLn 1e$42K
Fundraising eventsLn 1c$186K
Fees for servicesLn 2g$96K
Investment incomeLn 3$37K
Total revenueLn 12$579K
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
InvestmentsLn 11–13$188K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$346K
LiabilitiesLn 26$45K
Net assetsLn 32$301K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$46K$137K
InvestmentsLn 11–13$140K$188K
Land, buildings, equipmentLn 10c$21K$21K
Total assetsLn 16$213K$346K
LiabilitiesLn 26$40K$45K
Net assetsLn 32$173K$301K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$115K$115K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$253K$253K
Advertising and promotionLn 12$77K$77K
Office expensesLn 13$11K$11K
Information technologyLn 14$5K$5K
OccupancyLn 16$6K$6K
InterestLn 20$33$33
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$497K$374K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.2M−$43K$650K 990 PDF
FY2024 Not on file
FY2023 $1.1M$984K$123K$571K 990 PDF
FY2022 $1.2M$999K$175K$476K 990 PDF
FY2021 Viewing $579K$497K$82K$301K 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 $579,395 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $427,851$445,723
I-9 Program service revenuePrior year $211,615$96,325
I-10 Investment incomePrior year $3,127$37,347
I-11 Other revenue$0
I-12 Total revenuePrior year $642,593$579,395
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $115,381$124,146
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $510,569$373,045
I-18 Total expensesPrior year $625,950$497,191
I-19 Revenue less expensesPrior year $16,643$82,204
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $579,395 across 7 lines filed
VIII-1c Fundraising events$186,101
VIII-1e Government grants$41,794
VIII-1f All other contributions, gifts and grants$217,828
VIII-1h Total contributions, gifts and grants$445,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $96,325$96,325
VIII-3 Investment incomeRelated to mission $37,347$37,347
VIII-12 Total revenueRelated to mission $133,672 · Unrelated business $0 · Excluded from tax $0$579,395
Part IX · Statement of functional expenses $497,191 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $114,823$114,823
IX-10 Payroll taxesPrograms $9,323$9,323
IX-11c Accounting feesManagement $8,280$8,280
IX-11g Other fees for servicesPrograms $252,960$252,960
IX-12 Advertising and promotionPrograms $76,722$76,722
IX-13 Office expensesPrograms $10,974$10,974
IX-14 Information technologyPrograms $4,558$4,558
IX-16 OccupancyPrograms $6,075$6,075
IX-20 InterestPrograms $33$33
IX-22 Depreciation, depletion and amortizationPrograms $2,900$2,900
IX-23 InsurancePrograms $7,560$7,560
IX-24 Other expenses (24a–d)Programs $2,983$2,983
IX-25 Total functional expensesPrograms $374,088 · Management $123,103 · Fundraising $0$497,191
Part X · Balance sheet $345,522 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $46,435$136,850
X-10c Land, buildings and equipment, netStart of year $21,043$21,043
X-11 Publicly traded securitiesStart of year $140,282$187,629
X-16 Total assetsStart of year $212,760$345,522
X-25 Other liabilitiesStart of year $37,649$44,836
X-26 Total liabilitiesStart of year $39,828$44,836
X-27 Net assets without donor restrictionsStart of year $40,411$45,550
X-28 Net assets with donor restrictionsStart of year $132,521$255,136
X-32 Total net assets or fund balancesStart of year $172,932$300,686
X-33 Total liabilities and net assetsStart of year $212,760$345,522
Part XI · Reconciliation of net assets $300,686 net assets at year end
XI-1 Total revenue$579,395
XI-2 Total expenses$497,191
XI-3 Revenue less expenses$82,204
XI-4 Net assets at start of year$172,932
XI-8 Prior period adjustments$45,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$300,686

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

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