Opera Steamboat EIN 72-1520777 Form 990 (PDF) Claim this org

Opera Steamboat

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Enriches community well-being through innovative musical arts programs. For fiscal year 2024 it reported $261K in revenue, $261K in expenses, and $90K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Steamboat Spr, CO
Website
operasteamboat.org
Filings
5 on file (2020–2024)
Revenue
$261KFY2024
Expenses
$261K
Net assets
$90K
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  72-1520777 Public charity (501(c)(3)) Steamboat Spr, CO
Form 990 (PDF)
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Size
<$100K
What they do
Enriches community well-being through innovative musical arts programs.
Leadership
Julie Maykowski · CEO · $82K
Money in and out
$261K revenue, $261K expenses
Bottom line
57% program efficiency
Where the money goes · FY2024
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.25 Fundraising $0.18
Program efficiency
57%
of spending reaches programs▼ -18% vs prior filing year
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate▼ -61% vs prior filing year
Surplus margin
+0.02%
revenue over expenses, this year▲ +100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$261K
FY2024▲ +13%
Expenses
$261K
FY2024▼ -9%
Total assets
$90K
FY2024▼ -8%
Total liabilities
$571
FY2024▼ -93%
Total revenue
$261K
Pt VIII · Ln 12
Total expenses
$261K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

4 program services account for $191K of program spending, described in the organization's own filed words · FY2024.
01

Opera productions and concerts attended by approx. 1000 people.

$138Kprogram expense
02

Opera productions and concerts attended by approx. 1000 people.

$27Kprogram expense
03

Education and outreach including opera in the schools and vocal workshops for people with special needs (autism, parkinson's disease, down syndrome).

$16Kprogram expense
04

Education and outreach including opera in the schools and vocal workshops for people with special needs (autism, parkinson's disease, down syndrome).

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COpera Steamboat
EINHdr · item D72-1520777
Principal addressHdr · item CSteamboat Spr, CO
WebsiteHdr · item Joperasteamboat.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFNov 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$82,042Pt VII · Sec A
$45,814Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Julie Maykowski’s $82K as CEO is at the 98th percentile of top reported officer pay among 250 <$100K 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 · 1 named individual · Part VII

NameFY2024FY2023
Julie Maykowski$82,042$7,333

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.

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Statement of Revenue

Part VIII
Contributions & grants$237K · 91%
Program service revenue$13K · 5%
Other revenue$8K · 3%
Investment income$3K · 1%
Contributions & grants91%$237K
Program service revenue5%$13K
Other revenue3%$8K
Investment income1%$3K
— government grantsLn 1e$50K
Total revenueLn 12$261K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.25 Fundraising $0.18
Program services57%$149K
Management & general25%$64K
Fundraising18%$48K
Total functional expensesLn 25$261K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$90K
Total liabilitiesLn 26$571
Total net assetsLn 32$90K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $261K
1.6 months
Where the money goes
Program services
Program services $149K · Total expenses $261K
57%
Management & General
Management & general $64K · Total expenses $261K
25%
Fundraising
Fundraising $48K · Total expenses $261K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $188K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $237K · Total revenue $261K
91%
Government reliance
Government grants $50K · Total revenue $261K
19%
Earned-income share
Program service revenue $13K · Total revenue $261K
5%
Investment reliance
Investment income $3K · Total revenue $261K
+1%
Program self-sufficiency
Program service revenue $13K · Total expenses $261K
5%
Growth & trend
Revenue growth (YoY)
This year $261K · Prior year $231K
+13%
Revenue CAGR
FY2020 $267K · FY2024 $261K
-0.6%
Net-asset trend (YoY)
End of year $90K · Beginning of year $90K
+0.04%
Balance sheet
Surplus Margin
Revenue $261K · Expenses $261K
+0.02%
Liabilities-to-Assets
Total liabilities $571 · Total assets $90K
0.6%
Net-asset ratio
Net assets $90K · Total assets $90K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $90K
0%
People & payroll
Highest Reported Total Compensation
Individual Julie Maykowski · Reported title CEO · Highest reported compensation $82K · Total expenses $261K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $123K · Total expenses $261K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 25%
Fundraising cost ratio 20%
Revenue growth 13%
Investment management fee ratio 0.2%
Legal fee ratio 0%
Accounting fee ratio 4%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$261K revenue · viewing · ⤓ 990 PDF
FY2023$231K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$487K revenue · ⤓ 990 PDF
FY2020$267K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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