philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Opera Memphis Endowment Foundation FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)EIN 58-1713898

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.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
0 of 6
filings with a surplus
Average deficit $22K a year · 1366% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18K
Spent
$24K
To programs
91%
Net assets
$354K
By yearFY2020–FY2025
Revenue
$18K
FY2020
Revenue by fiscal year
FY2020$18K
FY2021$6K
FY2022$20K
FY2023$9K
FY2024−$49K
FY2025$7K
Expenses
$24K
FY2020
Expenses by fiscal year
FY2020$24K
FY2021$24K
FY2022$25K
FY2023$23K
FY2024$22K
FY2025$22K
Net assets
$354K
FY2020
Net assets by fiscal year
FY2020$354K
FY2021$457K
FY2022$317K
FY2023$347K
FY2024$377K
FY2025$359K

From the FY2020 Form 990 (year ending September 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Mar 1987.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $22K Management & general 9% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Daniel Anglin
Board Chairman
$0Pt VII · Sec A
Edward Canty
General Director
$0Pt VII · Sec A
See Opera Memphis Endowment Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

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.

Provided by the organization

This section is blank until Opera Memphis Endowment Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $22K of program spending, described in the organization's own filed words · FY2019.
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

$22Kprogram expense

Run this program? Claim this org to tell your story

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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$18K
Ln 12
Investment incomeLn 3$18K
Money outPt IX
$24K
Ln 25
Programscol B$22K
Managementcol C$2K
Owns and owesPt X
$354K
net assets · Ln 32
Total assetsLn 16$354K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$18K
Gains on assetsLn 7$11K
Total revenueLn 12$18K
Assets in detailPt X, end of year
InvestmentsLn 11–13$354K
Total assetsLn 16$354K
LiabilitiesLn 26$0
Net assetsLn 32$354K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
InvestmentsLn 11–13$401K$354K
Total assetsLn 16$401K$354K
LiabilitiesLn 26$0$0
Net assetsLn 32$401K$354K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Investment management feesLn 11f$2K$2K
Total functional expensesLn 25$24K$22K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7K$22K−$15K$359K 990 PDF
FY2024 −$49K$22K−$72K$377K 990 PDF
FY2023 $9K$23K−$14K$347K 990 PDF
FY2022 $20K$25K−$5K$317K 990 PDF
FY2021 $6K$24K−$18K$457K 990 PDF
FY2020 Viewing $18K$24K−$6K$354K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $17,618 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $6,924$6,924
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,694$10,694
VIII-12 Total revenueRelated to mission $10,694 · Unrelated business $0 · Excluded from tax $6,924$17,618
Part IX · Statement of functional expenses $23,971 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $21,904$21,904
IX-11f Investment management feesManagement $2,067$2,067
IX-25 Total functional expensesPrograms $21,904 · Management $2,067 · Fundraising $0$23,971
Part X · Balance sheet $353,830 assets, 5 lines filed
X-12 Other securitiesStart of year $400,801$353,830
X-16 Total assetsStart of year $400,801$353,830
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $400,801$353,830
X-33 Total liabilities and net assetsStart of year $400,801$353,830
Part XI · Reconciliation of net assets $353,830 net assets at year end
XI-1 Total revenue$17,618
XI-2 Total expenses$23,971
XI-3 Revenue less expenses−$6,353
XI-4 Net assets at start of year$400,801
XI-5 Net unrealized gains (losses) on investments−$40,618
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$353,830

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.