Trains and develops talented young opera singers, coaches, conductors, and directors for professional careers.
For fiscal year 2020 it reported $6.9M in revenue, $2.3M in expenses, and $37.3M in net assets.Pt I
Where the money goes · FY2020
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$37.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.6M
Where spending went · Part IX cols B–D
63%
21%
16%
Program services $0.63 Management & general $0.21 Fundraising $0.16
Program efficiency
63%
of spending reaches programs
Operating runway
189.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+66%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2020 · Form 990
Revenue
$6.9M
FY2020
$9.5M$4.8M$0
FY2020FY2025
Expenses
$2.3M
FY2020
$4.0M$2.0M$0
FY2020FY2025
Total assets
$37.9M
FY2020
$49.0M$24.5M$0
FY2020FY2025
Total liabilities
$619K
FY2020
$619K$310K$0
FY2020FY2025
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$37.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.6M
Total assetsPt X · Ln 16$37.9M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 336
Independent voting membersPt I · Ln 436
Mission & Programs · Part III
Where the work happens
3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2019.
01
The Merola Opera Program
Usually each year, more than 800 artists between the ages of 20 and 34 audition at sites across the country and fewer than 30 are chosen, making it an honor to be accepted into the Merola Opera Program.Merola participants receive intensive training for 11-12 weeks.
$1.5Mprogram expense
02
The Program Includes
Musical Style and Interpretation; Stage Technique; Ensemble Work; Movement; Accompaniment; Makeup; Acting; Fencing; Conducting; Vocal Role Coaching; Prompting; Languages and Diction;and Career Coaching.The true highlight of the program is the offering of master classes, where some of opera's most exciting legends transfer their knowledge…
Pt IX · col B
03
The program is offered free of financial burden to the artists,including their transportation, housing, all training, and a weeklystipend. To accomplish this goal, the program relies on the support ofcountless individuals, foundations and other granting ENTITIES.MEROLA artists complete the program with a clear idea of what theirnext…
Mark Shattuck’s $171K as Dir of Finance
is at the 75th percentile of top reported officer pay among 3917 $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 · 4 named individuals · Part VII
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.
Individual Jean Kellogg · Reported title Executive Dir. · Highest reported compensation $150K · Total expenses $2.3M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $789K · Total expenses $2.3M
34%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
63%
—
—
Overhead ratio
21%
—
—
Fundraising cost ratio
7%
—
—
Investment management fee ratio
1%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
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.
Want to add your own materials alongside these filings? Claim this org
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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