Trains and develops talented young opera singers, coaches, conductors, and directors for professional careers.
For fiscal year 2023 it reported $5.3M in revenue, $3.8M in expenses, and $39.0M in net assets.Pt I
Where the money goes · FY2023
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$3.8M
Pt IX · Ln 25
Net assets
$39.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.5M
Where spending went · Part IX cols B–D
68%
15%
18%
Program services $0.68 Management & general $0.15 Fundraising $0.18
Program efficiency
68%
of spending reaches programs
Operating runway
125.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$5.3M
FY2023▲ +53%
$9.5M$4.8M$0
FY2020FY2025
Expenses
$3.8M
FY2023▼ -4%
$4.0M$2.0M$0
FY2020FY2025
Total assets
$39.3M
FY2023▲ +10%
$49.0M$24.5M$0
FY2020FY2025
Total liabilities
$303K
FY2023▼ -36%
$619K$310K$0
FY2020FY2025
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$3.8M
Pt IX · Ln 25
Net assets
$39.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.5M
Total assetsPt X · Ln 16$39.3M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 334
Independent voting membersPt I · Ln 434
Mission & Programs · Part III
Where the work happens
3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2022.
01
The Merola Opera Program
In general, more than 1200 artists between the ages of 20 and 34 audition at sitesacross the country and approximately 30 are chosen to participate in the merola opera program. Merola participants receive intensive training for 11-12WEEKS.
$2.5Mprogram expense
02
The Program Includes
Musical style and interpretation; stage technique; ensemble work; movement;accompaniment; makeup; acting; stage combat; conducting; vocal role coaching; prompting; languages and diction; and career COACHING.A highlight of the program is the offering of master classes, where some ofopera's most exciting legends transfer their knowledge to…
Pt IX · col B
03
The program is offered free of financial burden to the artists, including their transportation, housing, all training, and a weekly stipend. To accomplish this goal, the program relies on the support of numerous individuals, foundations, and other granting ENTITIES.MEROLA artists complete the program with a clear idea of what their next…
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 Exec Director · Highest reported compensation $166K · Total expenses $3.8M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $882K · Total expenses $3.8M
23%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
68%
—
—
Overhead ratio
15%
—
—
Fundraising cost ratio
19%
—
—
Revenue growth
53%
—
—
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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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