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Operalex INC FY2023 filing

Tax-deductible

Lexington, KY501(c)(3)Arts & CultureEIN 61-1170162Revenue $365K in FY2023

On file with the IRSoperalex.orgPo Box 21752, 40522-1752 · Lexington, KYTax-exempt since Sep 1990Publicly supported charity — 170(b)(1)(A)(vi)

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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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 25.5 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 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$365K
-9% vs prior year
Spent
$247K
To programs
96%
Net assets
$525K
By yearFY2021–FY2025
Revenue
$365K
FY2023▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$401K
FY2023$365K
FY2024$207K
FY2025$195K
Expenses
$247K
FY2023▲ +120%
Tap a bar for its year
Expenses by fiscal year
FY2021$113K
FY2023$247K
FY2024$223K
FY2025$250K
Net assets
$525K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$509K
FY2023$525K
FY2024$510K
FY2025$455K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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 Sep 1990.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $238K Management & general 4% · $10K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Ginny Arnett
Corresponding Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Fritz
Director
$0Pt VII · Sec A
Jan Furst
Treasurer
$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.

Questions for Operalex INC

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Provided by the organization

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3 programs · $238K · in their own filed words · FY2022
01

Operalex supports many operatic performances, scholarship auditions, and opera promotional events such as luncheons, receptions, cast feeds, and opera classes.

$222Kprogram expense
02

Operalex participated in the metropolitan opera national council's kentucky district and central region auditions.

$12Kprogram expense
03

The outreach program includes websites, newsletters mailed to over 1,300 recipients, maintaining a database, and e-mailing an on-line weekly bulletin newsletter of current and upcoming cultural events.

$4Kprogram expense

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
Blue Grass Community Foundation INCFY2024$19K
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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$365K
Ln 12
Gifts and grantsLn 1h$170K
Fees for servicesLn 2g$115K
Other incomeLn 4–11$76K
Money outPt IX
$247K
Ln 25
Programscol B$238K
Managementcol C$10K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$525K
Total assetsLn 16$525K
LiabilitiesLn 26$0
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$170K
Fees for servicesLn 2g$115K
Investment incomeLn 3$2K
Other incomeLn 4–11$76K
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$218K
SavingsLn 2$307K
Cash and savings togetherLn 1–2$525K
Total assetsLn 16$525K
LiabilitiesLn 26$0
Net assetsLn 32$525K
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 FY23End FY23
Cash and savingsLn 1–2$404K$525K
Total assetsLn 16$404K$525K
LiabilitiesLn 26$0$0
Net assetsLn 32$404K$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K$6K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$669$669
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$175K$175K
All other expensesLn 24e$20K$12K$8K
Total functional expensesLn 25$247K$238K$10K$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 Viewing $365K$247K$117K$525K 990 PDF
FY2022 Not on file
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $364,584 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,161$170,253
I-9 Program service revenuePrior year $22,404$115,345
I-10 Investment incomePrior year $8,733$2,487
I-11 Other revenuePrior year −$6,656$76,499
I-12 Total revenuePrior year $59,642$364,584
I-13 Grants and similar amounts paidPrior year $20,268$6,373
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 $136,405$241,080
I-18 Total expensesPrior year $156,673$247,453
I-19 Revenue less expensesPrior year −$97,031$117,131
Part VI · Governance 23 of 23 board members independent, 2 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $364,584 across 7 lines filed
VIII-1b Membership dues$47,065
VIII-1f All other contributions, gifts and grants$123,188
VIII-1h Total contributions, gifts and grants$170,253
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,345$115,345
VIII-3 Investment incomeExcluded from tax $2,487$2,487
VIII-8 Net income from fundraising eventsExcluded from tax $76,499$76,499
VIII-12 Total revenueRelated to mission $115,345 · Unrelated business $0 · Excluded from tax $78,986$364,584
Part IX · Statement of functional expenses $247,453 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $6,373$6,373
IX-11c Accounting feesManagement $1,250$1,250
IX-11g Other fees for servicesPrograms $32,361$32,361
IX-12 Advertising and promotionPrograms $9,301$9,301
IX-13 Office expensesManagement $669$669
IX-23 InsurancePrograms $1,915$1,915
IX-24 Other expenses (24a–d)Programs $175,148$175,148
IX-24e All other expensesPrograms $12,459 · Management $7,977$20,436
IX-25 Total functional expensesPrograms $237,557 · Management $9,896 · Fundraising $0$247,453
Part X · Balance sheet $525,488 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $404,458$218,243
X-2 Savings and temporary cash investments$307,245
X-16 Total assetsStart of year $404,458$525,488
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $404,458$525,488
X-33 Total liabilities and net assetsStart of year $404,458$525,488
Part XI · Reconciliation of net assets $525,488 net assets at year end
XI-1 Total revenue$364,584
XI-2 Total expenses$247,453
XI-3 Revenue less expenses$117,131
XI-4 Net assets at start of year$404,458
XI-5 Net unrealized gains (losses) on investments$3,899
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$525,488

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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