Opera Roanoke EIN 51-0213334

Opera Roanoke

EIN  51-0213334 Public charity (501(c)(3)) Roanoke, VA Founded 1976
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Presents opera, fosters appreciation, and engages communities through outreach programs.
Leadership
Brooke Tolley · General Dire · $60K
Money in and out
$347K revenue, $577K expenses
Bottom line
82% program efficiency

Presents opera, fosters appreciation, and engages communities through outreach programs. For fiscal year 2024 it reported $347K in revenue, $577K in expenses, and $585K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$577K
Pt IX · Ln 25
Net assets
$585K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$230K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.10 Fundraising $0.09
Program efficiency
82%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
13.3mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
-66%
revenue over expenses, this year▼ -3310% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$347K
FY2024▼ -28%
Expenses
$577K
FY2024▲ +17%
Total assets
$641K
FY2024▼ -19%
Total liabilities
$57K
FY2024▲ +24%
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$577K
Pt IX · Ln 25
Net assets
$585K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$230K
Total assetsPt X · Ln 16$641K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $470K of program spending, described in the organization's own filed words · FY2024.
01

To produce opera of high artistic quality and through opera, to enhance the cultural quality of life in southwestern virginia. To provide educational opportunities for youth and adults to learn more about opera and the lifelong enjoyment to be derived from a better understanding of and involvement in the arts.

$470Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpera Roanoke
EINHdr · item D51-0213334
Principal addressHdr · item CRoanoke, VA
WebsiteHdr · item Jwww.operaroanoke.org
Year of formationHdr · item L1976
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6A0)
Ruling yearIRS BMFSep 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
General Dire
$60,375Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Brooke Tolley’s $60K as General Dire is at the 55th 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022
Brooke Tolley$60,375$57,500$57,500$55,000

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$253K · 73%
Program service revenue$71K · 20%
Other revenue$13K · 4%
Investment income$10K · 3%
Contributions & grants73%$253K
Program service revenue20%$71K
Other revenue4%$13K
Investment income3%$10K
— government grantsLn 1e$32K
Total revenueLn 12$347K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.10 Fundraising $0.09
Program services82%$470K
Management & general10%$56K
Fundraising9%$50K
Total functional expensesLn 25$577K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$641K
Total liabilitiesLn 26$57K
Total net assetsLn 32$585K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $641K · Operating expenses/yr $577K
13.3 months
Where the money goes
Program services
Program services $470K · Total expenses $577K
82%
Management & General
Management & general $56K · Total expenses $577K
10%
Fundraising
Fundraising $50K · Total expenses $577K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $41K · Solicited contributions (3-yr avg) $264K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $253K · Total revenue $347K
73%
Government reliance
Government grants $32K · Total revenue $347K
9%
Earned-income share
Program service revenue $71K · Total revenue $347K
20%
Investment reliance
Investment income $10K · Total revenue $347K
+3%
Program self-sufficiency
Program service revenue $71K · Total expenses $577K
12%
Growth & trend
Revenue growth (YoY)
This year $347K · Prior year $483K
-28%
Revenue CAGR
FY2019 $361K · FY2024 $347K
-1%
Net-asset trend (YoY)
End of year $585K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $347K · Expenses $577K
-66%
Liabilities-to-Assets
Total liabilities — · Total assets $641K
Net-asset ratio
Net assets $585K · Total assets $641K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $636K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $641K
99%
People & payroll
Highest Reported Total Compensation
Individual Brooke Tolley · Reported title GENERAL DIRE · Highest reported compensation $60K · Total expenses $577K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $207K · Total expenses $577K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 10%
Fundraising cost ratio 20%
Revenue growth -28%

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 · FY2024
See all 6 funders →

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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$483K revenue · ⤓ 990 PDF
FY2023$381K revenue · ⤓ 990 PDF
FY2022$477K revenue · ⤓ 990 PDF
FY2021$258K revenue · ⤓ 990 PDF
FY2020$361K 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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