Operalex INC FY2021 filing

Tax-deductible

Lexington, KY501(c)(3)Arts & CultureEIN 61-1170162

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To enhance the general public's awareness of opera in central kentucky and throughout the commonwealth

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 4
filings with a surplus
Average surplus $84K a year · 29% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 26 voting members
Looks good: 23 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$401K
Spent
$113K
To programs
94%
Net assets
$509K
By yearFY2021–FY2025
Revenue
$401K
FY2021
Revenue by fiscal year
FY2021$401K
FY2023$365K
FY2024$207K
FY2025$195K
Expenses
$113K
FY2021
Expenses by fiscal year
FY2021$113K
FY2023$247K
FY2024$223K
FY2025$250K
Net assets
$509K
FY2021
Net assets by fiscal year
FY2021$509K
FY2023$525K
FY2024$510K
FY2025$455K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1990.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $106K Management & general 6% · $7K

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

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Faculty Rep
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Operalex INC executive salaries →

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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 15aNo

Programs and updates

Promotes opera awareness in Central Kentucky and across the Commonwealth.

Provided by the organization

This section is blank until Operalex INC claims this page.

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3 program services account for $106K of program spending, described in the organization's own filed words · FY2020.
01

Operalex supports many operatic performances, scholarship auditions, and opera promotional events such as luncheons, receptions, cast feeds and opera classes. Due to covid, the operatic performances, scholarship auditions and opera classes were held virtually and offered to our audiences on facebook, youtube and the operalex website.

$88Kprogram expense
02

The outreach program included three websites, three issues of the newsletter mailed to over 1,300 recipients, maintaining a database, and e-mailing an on-line weekly bulletin newsletter of current and upcoming cultural events. Due to covid, all special events were held virtually.

$10Kprogram expense
03

Operalex participated in the metropolitan opera national council's kentucky district and central region auditions which were held virtually due to the covid pandemic.

$8Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$19K
Grants paid · 4 grants · $38K · 2020–2024
Unitemized GrantFY2024$8,351
Unitemized GrantFY2023$6,736
Unitemized GrantFY2022$6,373
Unitemized GrantFY2020$16,553

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$401K
Ln 12
Gifts and grantsLn 1h$282K
Other incomeLn 4–11$89K
Fees for servicesLn 2g$30K
Money outPt IX
$113K
Ln 25
Programscol B$106K
Managementcol C$7K
Owns and owesPt X
$509K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$509K
LiabilitiesLn 26$0
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$282K
Fundraising eventsLn 1c$35K
Fees for servicesLn 2g$30K
Investment incomeLn 3$86
Other incomeLn 4–11$89K
Total revenueLn 12$401K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$467K
Total assetsLn 16$509K
LiabilitiesLn 26$0
Net assetsLn 32$509K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$50K$42K
InvestmentsLn 11–13$467K
Total assetsLn 16$204K$509K
LiabilitiesLn 26$0$0
Net assetsLn 32$204K$509K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17K$17K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$828$828
Office expensesLn 13$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$68K$68K
All other expensesLn 24e$18K$17K$697
Total functional expensesLn 25$113K$106K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $195K$250K−$55K$455K 990 PDF
FY2024 $207K$223K−$16K$510K 990 PDF
FY2023 $365K$247K$117K$525K 990 PDF
FY2022 Not on file
FY2021 Viewing $401K$113K$288K$509K 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 (4 parts)
Part VIII · Statement of revenue $400,777 across 8 lines filed
Lines not itemized here account for $101,315 of total revenue; see the IRS return.
VIII-1b Membership dues$19,000
VIII-1c Fundraising events$34,816
VIII-1f All other contributions, gifts and grants$228,063
VIII-1h Total contributions, gifts and grants$281,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,584$29,584
VIII-3 Investment incomeExcluded from tax $86$86
VIII-8 Net income from fundraising eventsExcluded from tax −$12,087−$12,087
VIII-12 Total revenueRelated to mission $29,584 · Excluded from tax $89,314$400,777
Part IX · Statement of functional expenses $112,661 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $16,553$16,553
IX-11c Accounting feesManagement $6,000$6,000
IX-12 Advertising and promotionPrograms $828$828
IX-13 Office expensesPrograms $1,074$1,074
IX-23 InsurancePrograms $1,882$1,882
IX-24 Other expenses (24a–d)Programs $68,437$68,437
IX-24e All other expensesPrograms $17,190 · Management $697$17,887
IX-25 Total functional expensesPrograms $105,964 · Management $6,697 · Fundraising $0$112,661
Part X · Balance sheet $509,084 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $50,132$42,361
X-11 Publicly traded securities$466,723
X-16 Total assetsStart of year $204,245$509,084
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $204,245$509,084
X-33 Total liabilities and net assetsStart of year $204,245$509,084
Part XI · Reconciliation of net assets $509,084 net assets at year end
XI-1 Total revenue$400,777
XI-2 Total expenses$112,661
XI-3 Revenue less expenses$288,116
XI-4 Net assets at start of year$204,245
XI-5 Net unrealized gains (losses) on investments$16,723
XI-10 Net assets at end of year$509,084

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

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