Opera Roanoke FY2022 filing

Public charity (501(c)(3)) Roanoke, VA Since 1976 EIN 51-0213334 NTEE A6A0
Revenue
$477K
▲ +85%
FY2022 · Pt VIII · Ln 12
Expenses
$472K
▲ +88%
FY2022 · Pt IX · Ln 25
Net assets
$681K
FY2022 · Pt X · Ln 32
To programs
79%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$477K
FY2022▲ +85%
Expenses
$472K
FY2022▲ +88%

Presents opera, fosters appreciation, and engages communities through outreach programs.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
6 funders, incl. Logan III Charitable Fund 610001380
$85K in the latest grant year.
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Spent on programs?
79% to programs
Form 990 Part IX, latest filing.
Details →
Size and trend
$100K–1M
↑ +85% vs prior year
Details →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).


Presents opera, fosters appreciation, and engages communities through outreach programs.

Founded
1976
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Roanoke, VA
Website
www.operaroanoke.org
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Program efficiency
79%
of spending reaches programs
Operating runway
17.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$707K
FY2022▼ -13%
Total liabilities
$26K
FY2022▼ -38%
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$707K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · 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 1a11
Independent voting membersPt VI · Ln 1b11
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
General Dire
$55,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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 2216 $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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Mission & Programs · Part III

Where the work happens

1 program service account for $373K of program spending, described in the organization's own filed words · FY2021.
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.

$373Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$396K · 83%
Program service revenue$75K · 16%
Investment income$8K · 2%
Contributions & grants83%$396K
Program service revenue16%$75K
Investment income2%$8K
— government grantsLn 1e$156K
Total revenueLn 12$477K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.12 Fundraising $0.09
Program services79%$373K
Management & general12%$57K
Fundraising9%$42K
Total functional expensesLn 25$472K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$707K
Total liabilitiesLn 26$26K
Total net assetsLn 32$681K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $670K · Operating expenses/yr $472K
17.1 months
Where the money goes
Program services
Program services $373K · Total expenses $472K
79%
Management & General
Management & general $57K · Total expenses $472K
12%
Fundraising
Fundraising $42K · Total expenses $472K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $36K · Solicited contributions (3-yr avg) $215K
$0.17 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $396K · Total revenue $477K
83%
Government reliance
Government grants $156K · Total revenue $477K
33%
Earned-income share
Program service revenue $75K · Total revenue $477K
16%
Investment reliance
Investment income $8K · Total revenue $477K
+2%
Program self-sufficiency
Program service revenue $75K · Total expenses $472K
16%
Growth & trend
Revenue growth (YoY)
This year $477K · Prior year $258K
+85%
Net-asset trend (YoY)
End of year $681K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $477K · Expenses $472K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $707K
—
Net-asset ratio
Net assets $681K · Total assets $707K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $629K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $707K
89%
People & payroll
Highest Reported Total Compensation
Individual Brooke Tolley · Reported title GENERAL DIRE · Highest reported compensation $55K · Total expenses $472K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $162K · Total expenses $472K
34%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 12%——
Fundraising cost ratio 11%——
Revenue growth 85%——
Accounting fee ratio 1%——

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
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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 · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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