Opera Memphis Endowment Foundation

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To support Opera Memphis, INC to further the development of artistic and musical talents and for the cultural education and entertainment of the general public.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1713898) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $22K a year · 1366% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$7K
+114% vs prior year
Spent
$22K
To programs
90%
Net assets
$359K
By yearFY2020–FY2025
Revenue
$7K
FY2025▲ +114%
Tap a bar for its year
Revenue by fiscal year
FY2020$18K
FY2021$6K
FY2022$20K
FY2023$9K
FY2024−$49K
FY2025$7K
Expenses
$22K
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$24K
FY2021$24K
FY2022$25K
FY2023$23K
FY2024$22K
FY2025$22K
Net assets
$359K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$354K
FY2021$457K
FY2022$317K
FY2023$347K
FY2024$377K
FY2025$359K

From the FY2025 Form 990 (year ending September 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1987.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $20K Management & general 10% · $2K

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
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
General Director
$0Pt VII · Sec A
See Opera Memphis Endowment Foundation executive salaries →

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 15aNo

Programs and updates

Develops artistic talent and educates the public through opera.

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1 program · $20K · in their own filed words · FY2024
01

Grant to opera memphis, inc to further the development of artistic and musical talents for the cultural education and entertainment of the general public

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1713898) · Dispute this line
$20Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $126K · 2019–2024
Opera Memphis INCTN · FY2024$19,674
Opera Memphis INCTN · FY2023$20,040
Opera Memphis INCTN · FY2022$20,848
Opera Memphis INCTN · FY2021$21,936
Opera Memphis INCTN · FY2020$21,852
Opera Memphis INCTN · FY2019$21,904

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7K
Ln 12
Investment incomeLn 3$7K
Money outPt IX
$22K
Ln 25
Programscol B$20K
Managementcol C$2K
Owns and owesPt X
$359K
net assets · Ln 32
Total assetsLn 16$359K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$7K
Total revenueLn 12$7K
Assets in detailPt X, end of year
InvestmentsLn 11–13$359K
Total assetsLn 16$359K
LiabilitiesLn 26$0
Net assetsLn 32$359K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$2K
Share of the $359K endowmentSch D 1g0.58%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$359K$377K$347K$317K$457K
SpentLn 1d–1f$22K$22K$23K$25K$24K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
InvestmentsLn 11–13$377K$359K
Total assetsLn 16$377K$359K
LiabilitiesLn 26$0$0
Net assetsLn 32$377K$359K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Investment management feesLn 11f$2K$2K
Total functional expensesLn 25$22K$20K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 3, 2026 $7K$22K−$15K$359K 990 PDF
FY2024Filed with the IRS Feb 12, 2025 −$49K$22K−$72K$377K 990 PDF
FY2023Filed with the IRS Jan 31, 2024 $9K$23K−$14K$347K 990 PDF
FY2022Filed with the IRS Feb 14, 2023 $20K$25K−$5K$317K 990 PDF
FY2021Filed with the IRS Aug 5, 2022 $6K$24K−$18K$457K 990 PDF
FY2020Filed with the IRS Feb 26, 2021 $18K$24K−$6K$354K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $7,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$49,499$7,173
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year −$49,499$7,173
I-13 Grants and similar amounts paidPrior year $20,040$19,674
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,359$2,086
I-18 Total expensesPrior year $22,399$21,760
I-19 Revenue less expensesPrior year −$71,898−$14,587
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $7,173 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $7,173$7,173
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,173$7,173
Part IX · Statement of functional expenses $21,760 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $19,674$19,674
IX-11f Investment management feesManagement $2,086$2,086
IX-25 Total functional expensesPrograms $19,674 · Management $2,086 · Fundraising $0$21,760
Part X · Balance sheet $359,372 assets, 8 lines filed
X-12 Other securitiesStart of year $377,318$359,372
X-16 Total assetsStart of year $377,318$359,372
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $377,318$359,372
X-32 Total net assets or fund balancesStart of year $377,318$359,372
X-33 Total liabilities and net assetsStart of year $377,318$359,372
Part XI · Reconciliation of net assets $359,372 net assets at year end
XI-1 Total revenue$7,173
XI-2 Total expenses$21,760
XI-3 Revenue less expenses−$14,587
XI-4 Net assets at start of year$377,318
XI-5 Net unrealized gains (losses) on investments−$3,359
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$359,372

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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