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

Opera Steamboat FY2020 filing

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Enriches community well-being through innovative musical arts programs. For fiscal year 2020 it reported $267K in revenue, $175K in expenses, and $203K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Steamboat Spr, CO
Website
operasteamboat.org
Filings
5 on file (2020–2020)
Revenue
$267KFY2020
Expenses
$175K
Net assets
$203K
People
10
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
Jenny Maxwell · Chair
Money in and out
$267K revenue, $175K expenses
Bottom line
68% program efficiency
Where the money goes · FY2020
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $92K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.26 Fundraising $0.06
Program efficiency
68%
of spending reaches programs
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+35%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$267K
FY2020
Expenses
$175K
FY2020
Total assets
$205K
FY2020
Total liabilities
$3K
FY2020
Total revenue
$267K
Pt VIII · Ln 12
Total expenses
$175K
Pt IX · Ln 25
Net assets
$203K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$92K
Total assetsPt X · Ln 16$205K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

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 1a10
Independent voting membersPt VI · Ln 1b10
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $118K of program spending, described in the organization's own filed words · FY2020.
01

Opera virtual concerts attended by over 3500 people. In addition there were 17,000 impressions on You Tube.

$77Kprogram expense
02

Voice and performance workshop aka Opera Artist Institute for aspiring professional singers. Due to COVID closures, all young artist training was virtual in 2020.

$28Kprogram expense
03

Education and Outreach including a virtual Opera in the Schools program serving over 1,100 students and 17 schools in NW Colorado, and Vocal Workshops for people with special needs (autism, Parkinson's disease, Down syndrome).

$13Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$254K · 95%
Program service revenue$12K · 5%
Contributions & grants95%$254K
Program service revenue5%$12K
Investment income$191
— government grantsLn 1e$59K
Total revenueLn 12$267K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.26 Fundraising $0.06
Program services68%$118K
Management & general26%$46K
Fundraising6%$11K
Total functional expensesLn 25$175K

Balance Sheet

Part X · end of year
CashLn 1$162K
Total assetsLn 16$205K
Total liabilitiesLn 26$3K
Total net assetsLn 32$203K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $162K · Operating expenses/yr $175K
11.1 months
Where the money goes
Program services
Program services $118K · Total expenses $175K
68%
Management & General
Management & general $46K · Total expenses $175K
26%
Fundraising
Fundraising $11K · Total expenses $175K
6%
Cost to raise $1
Fundraising expense $11K · Solicited contributions $195K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $254K · Total revenue $267K
95%
Government reliance
Government grants $59K · Total revenue $267K
22%
Earned-income share
Program service revenue $12K · Total revenue $267K
5%
Investment reliance
Investment income $191 · Total revenue $267K
+0.07%
Program self-sufficiency
Program service revenue $12K · Total expenses $175K
7%
Growth & trend
Revenue growth (YoY)
This year $267K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $203K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $267K · Expenses $175K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $205K
Net-asset ratio
Net assets $203K · Total assets $205K
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) $205K
0%
People & payroll
Highest Reported Total Compensation
Individual Jenny Maxwell · Reported title Chair · Highest reported compensation $0 · Total expenses $175K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $175K
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 26%
Fundraising cost ratio 4%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 5%

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 · ⤓ 990 PDF
FY2023$231K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$487K revenue · ⤓ 990 PDF
FY2020$267K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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