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Operalex INC FY2024 filing

Tax-deductible

Lexington, KY501(c)(3)Arts & CultureEIN 61-1170162Revenue $207K in FY2024

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.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.2 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
$207K
-43% vs prior year
Spent
$223K
To programs
83%
Net assets
$510K
By yearFY2021–FY2025
Revenue
$207K
FY2024▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2021$401K
FY2023$365K
FY2024$207K
FY2025$195K
Expenses
$223K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2021$113K
FY2023$247K
FY2024$223K
FY2025$250K
Net assets
$510K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$509K
FY2023$525K
FY2024$510K
FY2025$455K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

83 cents of each dollar spent went to programs.

Program services 83% · $186K Management & general 17% · $37K

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 (FY2023); the FY2024 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 · $186K · in their own filed words · FY2023
01

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

$174Kprogram 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.

Pt IX · col B

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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$207K
Ln 12
Fees for servicesLn 2g$86K
Gifts and grantsLn 1h$63K
Other incomeLn 4–11$53K
Money outPt IX
$223K
Ln 25
Programscol B$186K
Managementcol C$37K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$506K
Total assetsLn 16$510K
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$63K
Fees for servicesLn 2g$86K
Investment incomeLn 3$4K
Other incomeLn 4–11$53K
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$184K
SavingsLn 2$322K
Cash and savings togetherLn 1–2$506K
Total assetsLn 16$510K
LiabilitiesLn 26$0
Net assetsLn 32$510K
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 FY24End FY24
Cash and savingsLn 1–2$525K$506K
Total assetsLn 16$525K$510K
LiabilitiesLn 26$0$0
Net assetsLn 32$525K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7K$7K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$40K$40K
Advertising and promotionLn 12$27K$9K$17K
Office expensesLn 13$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$129K$122K$7K
All other expensesLn 24e$10K$5K$4K
Total functional expensesLn 25$223K$186K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $195K$250K−$55K$455K 990 PDF
FY2024 Viewing $207K$223K−$16K$510K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $207,282 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $170,253$63,298
I-9 Program service revenuePrior year $115,345$86,207
I-10 Investment incomePrior year $2,487$4,461
I-11 Other revenuePrior year $76,499$53,316
I-12 Total revenuePrior year $364,584$207,282
I-13 Grants and similar amounts paidPrior year $6,373$6,736
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 $241,080$216,429
I-18 Total expensesPrior year $247,453$223,165
I-19 Revenue less expensesPrior year $117,131−$15,883
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 $207,282 across 8 lines filed
VIII-1b Membership dues$37,094
VIII-1f All other contributions, gifts and grants$26,204
VIII-1h Total contributions, gifts and grants$63,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,207$86,207
VIII-3 Investment incomeExcluded from tax $4,461$4,461
VIII-8 Net income from fundraising eventsExcluded from tax $40,207$40,207
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,109$13,109
VIII-12 Total revenueRelated to mission $99,316 · Unrelated business $0 · Excluded from tax $44,668$207,282
Part IX · Statement of functional expenses $223,165 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $6,736$6,736
IX-11c Accounting feesManagement $5,906$5,906
IX-11g Other fees for servicesPrograms $40,459$40,459
IX-12 Advertising and promotionPrograms $9,359 · Management $17,260$26,619
IX-13 Office expensesManagement $3,174$3,174
IX-23 InsurancePrograms $1,861$1,861
IX-24 Other expenses (24a–d)Programs $122,037 · Management $6,863$128,900
IX-24e All other expensesPrograms $5,444 · Management $4,066$9,510
IX-25 Total functional expensesPrograms $185,896 · Management $37,269 · Fundraising $0$223,165
Part X · Balance sheet $509,605 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $218,243$184,212
X-2 Savings and temporary cash investmentsStart of year $307,245$321,893
X-4 Accounts receivable$3,500
X-16 Total assetsStart of year $525,488$509,605
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $525,488$509,605
X-33 Total liabilities and net assetsStart of year $525,488$509,605
Part XI · Reconciliation of net assets $509,605 net assets at year end
XI-1 Total revenue$207,282
XI-2 Total expenses$223,165
XI-3 Revenue less expenses−$15,883
XI-4 Net assets at start of year$525,488
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$509,605

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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