Opera Carolina FY2024 filing

Tax-deductible

Charlotte, NC501(c)(3)Since 1953Arts & CultureEIN 56-6019660Revenue $2.7M in FY2024

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.
68¢ of each $1 spent went to programs.
$77K 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

FY2024 · 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
2 of 6
filings with a surplus
Average deficit $317K a year · 13% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
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
$4.0M
491% of total assets
Concern: liabilities are 491% of assets; over 80%.
Pt X · Ln 26
Independent board members
31
of 31 voting members
Looks good: 31 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-6% vs prior year
Spent
$3.6M
To programs
68%
Net assets
−$3.2M
By yearFY2020–FY2025
Revenue
$2.7M
FY2024▼ -6%
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
FY2025$1.2M
Expenses
$3.6M
FY2024▲ +11%
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
FY2025$2.1M
Net assets
−$3.2M
FY2024▼ -32%
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
FY2025−$3.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Jan 1957.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $2.5M Management & general 13% · $466K Fundraising 19% · $681K

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

32 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Artistic Director
$77,393Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 2No
  • 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 · $2.5M · in their own filed words · FY2023
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.

$2.1Mprogram 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…

$381Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$602K
Other incomeLn 4–11$117K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.5M
Managementcol C$466K
Fundraisingcol D$681K
Owns and owesPt X
−$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$493K
Total assetsLn 16$814K
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
32
listed · VII A
PaidVII A1
Voting boardVI 1a31
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$582K
Fundraising eventsLn 1c$285K
Fees for servicesLn 2g$602K
Other incomeLn 4–11$117K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$493K
Cash and savings togetherLn 1–2$493K
Land, buildings, equipmentLn 10c$144K
Other assetsLn 15$18K
Total assetsLn 16$814K
LiabilitiesLn 26$4.0M
Net assetsLn 32−$3.2M
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 FY24End FY24
Cash and savingsLn 1–2−$98K$493K
Land, buildings, equipmentLn 10c$110K$144K
Total assetsLn 16$162K$814K
LiabilitiesLn 26$2.6M$4.0M
Net assetsLn 32−$2.4M−$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$77K$53K$6K$19K
Other salaries and wagesLn 7$795K$548K$57K$190K
Other employee benefitsLn 9$74K$51K$5K$18K
Payroll taxesLn 10$56K$39K$4K$13K
Accounting feesLn 11c$43K$43K
Other fees for servicesLn 11g$1.2M$1.0M$67K$165K
Advertising and promotionLn 12$97K$96K$422
Office expensesLn 13$6K$457$5K$655
Information technologyLn 14$11K$8K$2K
OccupancyLn 16$378K$279K$55K$44K
TravelLn 17$106K$81K$4K$21K
InterestLn 20$150$110$40
Depreciation, depletion and amortizationLn 22$208K$145$36K$172K
InsuranceLn 23$53K$53K
Other expenses (24a–d)Ln 24$327K$232K$61K$34K
All other expensesLn 24e$148K$76K$69K$3K
Total functional expensesLn 25$3.6M$2.5M$466K$681K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$2.1M−$847K−$3.9M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,741,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,909,200$2,022,790
I-9 Program service revenuePrior year $667,094$601,695
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $344,071$116,975
I-12 Total revenuePrior year $2,920,365$2,741,460
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 $838,167$1,002,172
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,427,482$2,609,889
I-18 Total expensesPrior year $3,265,649$3,612,061
I-19 Revenue less expensesPrior year −$345,284−$870,601
Part VI · Governance 31 of 31 board members independent, no flags
VI-1a Voting members of the governing body31
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsNo
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 $2,741,460 across 9 lines filed
VIII-1c Fundraising events$284,622
VIII-1d Related organizations$318,007
VIII-1e Government grants$582,024
VIII-1f All other contributions, gifts and grants$838,137
VIII-1h Total contributions, gifts and grants$2,022,790
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $601,695$601,695
VIII-8 Net income from fundraising eventsExcluded from tax $79,860$79,860
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,115$37,115
VIII-12 Total revenueRelated to mission $638,810 · Unrelated business $0 · Excluded from tax $79,860$2,741,460
Part IX · Statement of functional expenses $3,612,061 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $53,338 · Management $5,528 · Fundraising $18,527$77,393
IX-7 Other salaries and wagesPrograms $547,692 · Management $56,768 · Fundraising $190,241$794,701
IX-9 Other employee benefitsPrograms $50,974 · Management $5,285 · Fundraising $17,706$73,965
IX-10 Payroll taxesPrograms $38,672 · Management $4,008 · Fundraising $13,433$56,113
IX-11c Accounting feesManagement $42,927$42,927
IX-11g Other fees for servicesPrograms $1,001,300 · Management $66,923 · Fundraising $165,176$1,233,399
IX-12 Advertising and promotionPrograms $96,278 · Fundraising $422$96,700
IX-13 Office expensesPrograms $457 · Management $4,616 · Fundraising $655$5,728
IX-14 Information technologyPrograms $8,384 · Management $2,125$10,509
IX-16 OccupancyPrograms $278,656 · Management $55,000 · Fundraising $43,982$377,638
IX-17 TravelPrograms $80,961 · Management $4,007 · Fundraising $21,396$106,364
IX-20 InterestPrograms $110 · Fundraising $40$150
IX-22 Depreciation, depletion and amortizationPrograms $145 · Management $35,735 · Fundraising $172,301$208,181
IX-23 InsuranceManagement $53,400$53,400
IX-24 Other expenses (24a–d)Programs $231,939 · Management $61,353 · Fundraising $33,748$327,040
IX-24e All other expensesPrograms $76,130 · Management $68,803 · Fundraising $2,920$147,853
IX-25 Total functional expensesPrograms $2,465,036 · Management $466,478 · Fundraising $680,547$3,612,061
Part X · Balance sheet $814,234 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year −$98,099$493,174
X-3 Pledges and grants receivableStart of year $97,798$136,619
X-9 Prepaid expenses and deferred chargesStart of year $18,906$22,584
X-10c Land, buildings and equipment, netStart of year $109,514$143,524
X-14 Intangible assetsStart of year $250$0
X-15 Other assetsStart of year $33,944$18,333
X-16 Total assetsStart of year $162,313$814,234
X-17 Accounts payable and accrued expensesStart of year $137,748$402,980
X-19 Deferred revenueStart of year $205,160$733,758
X-25 Other liabilitiesStart of year $2,223,683$2,858,683
X-26 Total liabilitiesStart of year $2,566,591$3,995,421
X-27 Net assets without donor restrictionsStart of year −$2,536,570−$3,914,945
X-28 Net assets with donor restrictionsStart of year $132,292$733,758
X-32 Total net assets or fund balancesStart of year −$2,404,278−$3,181,187
X-33 Total liabilities and net assetsStart of year $162,313$814,234
Part XI · Reconciliation of net assets −$3,181,187 net assets at year end
XI-1 Total revenue$2,741,460
XI-2 Total expenses$3,612,061
XI-3 Revenue less expenses−$870,601
XI-4 Net assets at start of year−$2,404,278
XI-8 Prior period adjustments$93,692
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,181,187

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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