Opera Colorado uses the powerful art form of Opera to connect our community through musical storytelling. The company actively collaborates with other non-profit institutions to amplify their missions with the arts.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$487K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
1 of 5
filings with a surplus
Average deficit $453K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$487K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+61% vs prior year
Spent
$6.4M
To programs
74%
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$6.3M
FY2022▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.9M
FY2022$6.3M
FY2023$5.6M
FY2024$6.0M
FY2025$5.0M
Expenses
$6.4M
FY2022▲ +137%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.7M
FY2022$6.4M
FY2023$7.1M
FY2024$6.8M
FY2025$6.0M
Net assets
$2.6M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.7M
FY2022$2.6M
FY2023$994K
FY2024$131K
FY2025−$874K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Nov 1981.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $4.7M Management & general 19% · $1.2M Fundraising 7% · $466K

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

32 people listed on the 990; $487K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
General & Artistic Director
$210,634Pt VII · Sec A
Music Director
$157,560Pt VII · Sec A
Development Director
$118,971Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Ari Pelto’s $183K as Music Direct is at the 79th percentile of top reported officer pay among 3924 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Gregory Carpenter—$170,283$216,015$210,634$167,825
Ari Pelto$182,650$163,252$174,227$157,560$104,045
Greg Carpenter$180,173————
Erin Wenzel$127,955$118,098$124,325$118,971$112,444
Paul Deckard————$118,555
Jennifer Colgan$117,945$109,643$108,898——
Tom Kirkpatrick$112,806$97,462$110,000——

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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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 15aYes

Programs and updates

Strengthens opera's artistic vision and community engagement through education and collaboration.

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Provided by the organization

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2 programs · $4.7M · in their own filed words · FY2021
01

Opera colorado produces three fully staged grand operas at the ellie caulkins opera house for audiences in greater denver and the rocky mountain region at large. This program serves over 20,000 patrons per year.

$3.9Mprogram expense
02

Opera colorado annually server over 40,000 students of all ages through education and community engagemnt programs in greater denver and the rocky mountain region at large. A major piece of the company's education program is its artist in residence program.

$797Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$4.1M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$8K
Money outPt IX
$6.4M
Ln 25
Programscol B$4.7M
Managementcol C$1.2M
Fundraisingcol D$466K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$983K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
32
listed · VII A
PaidVII A3
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$1.7M
Noncash giftsLn 1g$1.0M
Fundraising eventsLn 1c$382K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$8K
Gains on assetsLn 7−$5K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$439K
SavingsLn 2$544K
Cash and savings togetherLn 1–2$983K
InvestmentsLn 11–13$857K
Land, buildings, equipmentLn 10c$746K
Other assetsLn 15$16K
Total assetsLn 16$4.3M
LiabilitiesLn 26$1.7M
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 5288
VolunteersI 6122
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$763K$983K
InvestmentsLn 11–13$898K$857K
Land, buildings, equipmentLn 10c$714K$746K
Total assetsLn 16$4.2M$4.3M
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32$2.7M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$222K$178K$34K$11K
Other salaries and wagesLn 7$3.2M$2.6M$491K$153K
Pension plan contributionsLn 8$30K$24K$5K$1K
Other employee benefitsLn 9$209K$167K$32K$10K
Payroll taxesLn 10$228K$183K$35K$11K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$114K$43K$43K$28K
Advertising and promotionLn 12$286K$70K$214K$2K
Office expensesLn 13$299K$268K$10K$21K
Information technologyLn 14$45K$17K$17K$11K
OccupancyLn 16$273K$185K$35K$52K
TravelLn 17$314K$295K$8K$11K
Conferences, conventions and meetingsLn 19$33K$33K
Depreciation, depletion and amortizationLn 22$168K$64K$55K$49K
Other expenses (24a–d)Ln 24$730K$638K$41K$51K
All other expensesLn 24e$183K$3K$123K$56K
Total functional expensesLn 25$6.4M$4.7M$1.2M$466K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.0M$6.0M−$1.0M−$874K 990 PDF
FY2024 $6.0M$6.8M−$866K$131K 990 PDF
FY2023 $5.6M$7.1M−$1.6M$994K 990 PDF
FY2022 Viewing $6.3M$6.4M−$63K$2.6M 990 PDF
FY2021 $3.9M$2.7M$1.2M$2.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $6,329,194 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,888,462$4,115,369
I-9 Program service revenuePrior year $40,018$2,309,166
I-10 Investment incomePrior year $273$8,445
I-11 Other revenuePrior year −$3,200−$103,786
I-12 Total revenuePrior year $3,925,553$6,329,194
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,747,777$3,922,135
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $944,503$2,469,731
I-18 Total expensesPrior year $2,692,280$6,391,866
I-19 Revenue less expensesPrior year $1,233,273−$62,672
Part VI · Governance 28 of 28 board members independent, no flags
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,329,194 across 12 lines filed
VIII-1c Fundraising events$382,396
VIII-1d Related organizations$5,000
VIII-1e Government grants$1,717,551
VIII-1f All other contributions, gifts and grants$2,010,422
VIII-1g Noncash contributions (included above)$1,039,105
VIII-1h Total contributions, gifts and grants$4,115,369
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,309,166$2,309,166
VIII-3 Investment incomeExcluded from tax $13,078$13,078
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,633−$4,633
VIII-8 Net income from fundraising eventsExcluded from tax −$105,215−$105,215
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,429$1,429
VIII-12 Total revenueRelated to mission $2,310,595 · Unrelated business $0 · Excluded from tax −$96,770$6,329,194
Part IX · Statement of functional expenses $6,391,866 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $178,010 · Management $33,751 · Fundraising $10,547$222,308
IX-7 Other salaries and wagesPrograms $2,588,314 · Management $490,746 · Fundraising $153,357$3,232,417
IX-8 Pension plan contributionsPrograms $24,041 · Management $4,558 · Fundraising $1,424$30,023
IX-9 Other employee benefitsPrograms $167,351 · Management $31,730 · Fundraising $9,916$208,997
IX-10 Payroll taxesPrograms $182,880 · Management $34,674 · Fundraising $10,836$228,390
IX-11c Accounting feesManagement $26,076$26,076
IX-11g Other fees for servicesPrograms $42,862 · Management $43,134 · Fundraising $27,714$113,710
IX-12 Advertising and promotionPrograms $70,162 · Management $213,627 · Fundraising $1,852$285,641
IX-13 Office expensesPrograms $268,404 · Management $9,561 · Fundraising $21,043$299,008
IX-14 Information technologyPrograms $16,783 · Management $16,890 · Fundraising $10,852$44,525
IX-16 OccupancyPrograms $185,187 · Management $35,075 · Fundraising $52,366$272,628
IX-17 TravelPrograms $294,570 · Management $8,385 · Fundraising $11,145$314,100
IX-19 Conferences, conventions and meetingsManagement $32,987$32,987
IX-22 Depreciation, depletion and amortizationPrograms $64,263 · Management $55,461 · Fundraising $48,554$168,278
IX-24 Other expenses (24a–d)Programs $638,246 · Management $41,344 · Fundraising $50,660$730,250
IX-24e All other expensesPrograms $3,497 · Management $122,880 · Fundraising $56,151$182,528
IX-25 Total functional expensesPrograms $4,724,570 · Management $1,200,879 · Fundraising $466,417$6,391,866
Part X · Balance sheet $4,277,559 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $662,994$439,032
X-2 Savings and temporary cash investmentsStart of year $100,426$543,989
X-3 Pledges and grants receivableStart of year $1,479,890$1,265,514
X-4 Accounts receivable$19,139
X-9 Prepaid expenses and deferred chargesStart of year $284,673$391,484
X-10c Land, buildings and equipment, netStart of year $713,757$745,967
X-11 Publicly traded securitiesStart of year $897,930$856,628
X-15 Other assetsStart of year $59,809$15,806
X-16 Total assetsStart of year $4,199,479$4,277,559
X-17 Accounts payable and accrued expensesStart of year $31,256$249,348
X-19 Deferred revenueStart of year $884,946$896,438
X-25 Other liabilitiesStart of year $599,059$564,340
X-26 Total liabilitiesStart of year $1,515,261$1,710,126
X-27 Net assets without donor restrictionsStart of year $47,252$105,835
X-28 Net assets with donor restrictionsStart of year $2,636,966$2,461,598
X-32 Total net assets or fund balancesStart of year $2,684,218$2,567,433
X-33 Total liabilities and net assetsStart of year $4,199,479$4,277,559
Part XI · Reconciliation of net assets $2,567,433 net assets at year end
XI-1 Total revenue$6,329,194
XI-2 Total expenses$6,391,866
XI-3 Revenue less expenses−$62,672
XI-4 Net assets at start of year$2,684,218
XI-5 Net unrealized gains (losses) on investments−$54,113
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,567,433

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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