Opera Carolina FY2021 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 1953Arts & CultureEIN 56-6019660Revenue $1.7M in FY2021

On file with the IRSoperacarolina.org1600 Elizabeth Ave, 28204-2511 · Charlotte, NCTax-exempt since Jan 1957Publicly supported charity — 170(b)(1)(A)(vi)

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To inspire and entertain the region's diverse community through the presentation of excellent Opera, operetta, music theatre, education and outreach programs that elevate the quality of life in the carolinas.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$236K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
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 deficit $211K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$236K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $885K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
355% of total assets
Concern: liabilities are 355% of assets; over 80%.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-38% vs prior year
Spent
$1.6M
To programs
55%
Net assets
−$2.6M
By yearFY2020–FY2024
Revenue
$1.7M
FY2021▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$1.7M
FY2022$3.1M
FY2023$2.9M
FY2024$2.7M
FY2024$1.2M
Expenses
$1.6M
FY2021▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$1.6M
FY2022$2.9M
FY2023$3.3M
FY2024$3.6M
FY2024$2.1M
Net assets
−$2.6M
FY2021▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.7M
FY2021−$2.6M
FY2022−$2.4M
FY2023−$2.4M
FY2024−$3.2M
FY2024−$3.9M

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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1957.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $903K Management & general 35% · $572K Fundraising 10% · $156K

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

30 people listed on the 990; $236K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Artistic Director
$121,204Pt VII · Sec A
$114,958Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shante Williams’s $144K as Director is at the 63rd 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
James Meena—$77,393$120,502$127,608$121,204$165,916
Shante Williams$143,750—————
Vanessa Thorne————$114,958—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents operas, operettas, and musical theatre, plus educational programs for diverse communities.

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Provided by the organization

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2 programs · $903K · in their own filed words · FY2020
01

The primary program service activity is that of main stage productionsand educational activities. Our main stage showcased multipleproductions which fulfilled our exempt purpose of providing accessibility to and developing knowledge of professional opera and elevating the quality of cultural life in the carolinas.

$796Kprogram expense
02

The educational activities include our opera express touring arm which engages over 20,000 children by means of multiple performances across the states of north carolina, south carolina, and georgia; student night at the opera which is held during dress rehearsal for each main stage production and in which students and adults…

$107Kprogram 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 · FY2024
See all 15 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$154K
Fees for servicesLn 2g$40K
Money outPt IX
$1.6M
Ln 25
Programscol B$903K
Managementcol C$572K
Fundraisingcol D$156K
Owns and owesPt X
−$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$687K
Total assetsLn 16$1.0M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$482K
Fundraising eventsLn 1c$28K
Fees for servicesLn 2g$40K
Investment incomeLn 3$38K
Other incomeLn 4–11$154K
Gains on assetsLn 7$38K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$687K
Cash and savings togetherLn 1–2$687K
Land, buildings, equipmentLn 10c$91K
Other assetsLn 15$32K
Total assetsLn 16$1.0M
LiabilitiesLn 26$3.6M
Net assetsLn 32−$2.6M
OperationsPt I, VI
EmployeesI 574
VolunteersI 6130
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$172K$687K
Land, buildings, equipmentLn 10c$163K$91K
Total assetsLn 16$751K$1.0M
LiabilitiesLn 26$3.5M$3.6M
Net assetsLn 32−$2.7M−$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$85K$34K$2K
Other salaries and wagesLn 7$648K$456K$184K$8K
Other employee benefitsLn 9$69K$49K$20K$860
Payroll taxesLn 10$56K$40K$16K$704
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$112K$48K$13K$51K
Advertising and promotionLn 12$61K$61K
Office expensesLn 13$3K$609$2K$450
Information technologyLn 14$10K$10K
OccupancyLn 16$142K$78K$60K$4K
TravelLn 17$1K$1K
InterestLn 20$7K$195$7K
Depreciation, depletion and amortizationLn 22$68K$56K$12K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$225K$5K$146K$75K
All other expensesLn 24e$65K$16K$37K$13K
Total functional expensesLn 25$1.6M$903K$572K$156K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$3.6M−$871K−$3.2M 990 PDF
FY2023 $2.9M$3.3M−$345K−$2.4M 990 PDF
FY2022 $3.1M$2.9M$179K−$2.4M 990 PDF
FY2021 Viewing $1.7M$1.6M$96K−$2.6M 990 PDF
FY2020 $2.8M$2.9M−$115K−$2.7M 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 $1,727,592 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,522,040$1,495,919
I-9 Program service revenuePrior year $425,965$39,880
I-10 Investment incomePrior year $629,918$37,853
I-11 Other revenuePrior year $206,654$153,940
I-12 Total revenuePrior year $2,784,577$1,727,592
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $987,124$894,725
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,912,850$736,820
I-18 Total expensesPrior year $2,899,974$1,631,545
I-19 Revenue less expensesPrior year −$115,397$96,047
Part VI · Governance 30 of 30 board members independent, 1 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,727,592 across 11 lines filed
VIII-1c Fundraising events$27,500
VIII-1d Related organizations$66,703
VIII-1e Government grants$482,191
VIII-1f All other contributions, gifts and grants$919,525
VIII-1h Total contributions, gifts and grants$1,495,919
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,880$39,880
VIII-3 Investment incomeExcluded from tax $9$9
VIII-7 Net gain or loss on sales of assetsRelated to mission $37,844$37,844
VIII-8 Net income from fundraising eventsExcluded from tax $111,600$111,600
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42,340$42,340
VIII-12 Total revenueRelated to mission $120,064 · Unrelated business $0 · Excluded from tax $111,609$1,727,592
Part IX · Statement of functional expenses $1,631,545 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,202 · Management $34,491 · Fundraising $1,511$121,204
IX-7 Other salaries and wagesPrograms $455,554 · Management $184,414 · Fundraising $8,079$648,047
IX-9 Other employee benefitsPrograms $48,509 · Management $19,637 · Fundraising $860$69,006
IX-10 Payroll taxesPrograms $39,695 · Management $16,069 · Fundraising $704$56,468
IX-11c Accounting feesManagement $11,250$11,250
IX-11g Other fees for servicesPrograms $47,968 · Management $12,770 · Fundraising $51,421$112,159
IX-12 Advertising and promotionPrograms $61,090$61,090
IX-13 Office expensesPrograms $609 · Management $2,381 · Fundraising $450$3,440
IX-14 Information technologyPrograms $10,242$10,242
IX-16 OccupancyPrograms $77,800 · Management $59,950 · Fundraising $4,500$142,250
IX-17 TravelFundraising $1,275$1,275
IX-20 InterestPrograms $195 · Management $7,281$7,476
IX-22 Depreciation, depletion and amortizationPrograms $56,090 · Management $12,012$68,102
IX-23 InsuranceManagement $29,729$29,729
IX-24 Other expenses (24a–d)Programs $4,512 · Management $145,651 · Fundraising $74,787$224,950
IX-24e All other expensesPrograms $15,588 · Management $36,607 · Fundraising $12,662$64,857
IX-25 Total functional expensesPrograms $903,054 · Management $572,242 · Fundraising $156,249$1,631,545
Part X · Balance sheet $1,027,140 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $172,101$686,769
X-3 Pledges and grants receivableStart of year $334,543$174,500
X-4 Accounts receivable$17,760
X-9 Prepaid expenses and deferred chargesStart of year $33,931$15,827
X-10c Land, buildings and equipment, netStart of year $162,913$91,488
X-14 Intangible assetsStart of year $15,125$9,275
X-15 Other assetsStart of year $32,063$31,521
X-16 Total assetsStart of year $750,676$1,027,140
X-17 Accounts payable and accrued expensesStart of year $292,623$135,014
X-19 Deferred revenueStart of year $669,351$1,016,566
X-25 Other liabilitiesStart of year $2,399,379$2,406,549
X-26 Total liabilitiesStart of year $3,461,787$3,642,204
X-27 Net assets without donor restrictionsStart of year −$2,880,446−$2,720,813
X-28 Net assets with donor restrictionsStart of year $169,335$105,749
X-32 Total net assets or fund balancesStart of year −$2,711,111−$2,615,064
X-33 Total liabilities and net assetsStart of year $750,676$1,027,140
Part XI · Reconciliation of net assets −$2,615,064 net assets at year end
XI-1 Total revenue$1,727,592
XI-2 Total expenses$1,631,545
XI-3 Revenue less expenses$96,047
XI-4 Net assets at start of year−$2,711,111
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,615,064

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

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