Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1965.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
28 people listed on the 990; $377K paid to officers and key staff (Part VII, Section A).
David Walker’s $213K as Former Direc is at the 87th 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 · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| David Walker | $213,182 | $246,295 | — | — | — |
| Mr David Walker | — | — | $224,823 | $215,387 | $201,787 |
| James Barbato | $164,166 | $112,606 | — | — | — |
| Frederick J Cremona | — | $123,654 | — | — | — |
| Mr Joseph Cremona | — | — | $116,511 | $121,104 | — |
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.
See Palm Beach Opera INC 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 15aYes
Programs and updates
Presents world-class live opera and offers educational programs, concerts, and lectures.
Questions for Palm Beach Opera INC
Your first name shows with your question. Palm Beach Opera INC answers here, for everyone.
Pbo's core programs are fully staged world-class opera productions featuring internationally acclaimed soloists, conductors, directors, and designers, as well as a professional orchestra, chorus, and stage crew.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-1060864) · Dispute this linePbo offers three artist training programs. The pbo studio program is free to high school students who wish to receive training and preparation for a future college degree in the vocal arts.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-1060864) · Dispute this linePbo's education and community engagement programs are delivered to a broad segment of the community through free presentations and activities designed to broaden awareness and enthusiasm for opera, for people of all ages.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-1060864) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $3.8M | $2.5M | $4.0M | $6.2M | $2.7M |
| AddedLn 1b | $2.1M | $1.0M | $496K | $3.5M | |
| SpentLn 1d–1f | $786K | $2.5M | $2.7M | $57K | $939K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.2M | $2.4M |
| Land, buildings, equipmentLn 10c | $4.1M | $4.0M |
| Total assetsLn 16 | $8.9M | $9.5M |
| LiabilitiesLn 26 | $1.9M | $1.4M |
| Net assetsLn 32 | $7.0M | $8.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $3.4M | $2.7M | $353K | $307K |
| Pension plan contributionsLn 8 | $24K | $12K | $7K | $4K |
| Other employee benefitsLn 9 | $266K | $213K | $30K | $23K |
| Advertising and promotionLn 12 | $153K | $153K | ||
| Office expensesLn 13 | $70K | $24K | $39K | $7K |
| OccupancyLn 16 | $71K | $71K | ||
| TravelLn 17 | $147K | $140K | $2K | $5K |
| Depreciation, depletion and amortizationLn 22 | $119K | $119K | ||
| InsuranceLn 23 | $215K | $215K | ||
| Other expenses (24a–d)Ln 24 | $1.2M | $1.0M | $146K | $51K |
| All other expensesLn 24e | $638K | $325K | $283K | $30K |
| Total functional expensesLn 25 | $6.3M | $4.8M | $1.1M | $427K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Apr 14, 2026 | $7.3M | $6.3M | $969K | $8.1M | 990 PDF |
| FY2024Filed with the IRS Apr 14, 2025 | $5.0M | $6.4M | −$1.4M | $7.0M | 990 PDF |
| FY2023Filed with the IRS Nov 27, 2023 | $4.2M | $5.7M | −$1.5M | $8.5M | 990 PDF |
| FY2022Filed with the IRS Nov 16, 2022 | $9.9M | $5.1M | $4.9M | $10.1M | 990 PDF |
| FY2021Filed with the IRS Oct 11, 2021 | $3.2M | $4.2M | −$1.0M | $4.9M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $7,309,161 revenue, 12 lines filed
Part VI · Governance 27 of 27 board members independent, no flags
Part VIII · Statement of revenue $7,309,161 across 9 lines filed
Part IX · Statement of functional expenses $6,340,150 across 11 lines filed
Part X · Balance sheet $9,526,361 assets, 16 lines filed
Part XI · Reconciliation of net assets $8,076,504 net assets at year end
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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