Opera Colorado in Denver, Colorado (CO)

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Opera Colorado
Employer Identification Number (EIN)840850527
Name of OrganizationOpera Colorado
Address695 S Colorado Blvd Ste 20, Denver, CO 80246-8010
ActivitiesCultural performances
SubsectionCharitable Organization, Educational Organization
Ruling Date11/1981
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,281,230
Amount of Income$3,729,069
Form 990 Revenue Amount$3,627,994
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Opera


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Amount of income in 2014: $3,729,069 (it was $2,832,417 in 2013)
This organization: 

 $3,729,069
Other organizations performing similar types of work: 

 $326,346

Assets in 2014: $1,281,230 (it was $941,879 in 2013)
This organization: 

 $1,281,230
Other organizations performing similar types of work: 

 $157,818

Expenses in 2014: $2,932,649
Opera Colorado: 

 $2,932,649
Other organizations performing similar types of work: 

 $318,256

Income to expenses ratio in 2014: 1.3
This organization: 

 1.3
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 124
Opera Colorado: 

 124
Other organizations performing similar types of work: 

 12

Employees paid over $100,000 in 2014: 0.8%
Opera Colorado: 

 0.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 69.6%
Opera Colorado: 

 69.6%
Other organizations performing similar types of work: 

 54.6%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesNoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?NoNoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 10961720143
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1480124
Did the organization file all required federal employment tax returns?YesNoYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$219,477$0$207,995
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$24,065$0$20,794
Total number of individuals who received more than $100,000 of reportable compensation from the organization101
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$3,841,457$3,600,313$2,806,519$3,627,994
Contributions, Gifts, Grants and Other Similar Amounts$2,785,098$2,008,189$1,821,250$2,525,039
Program Service Revenue$987,962$1,408,017$960,225$1,062,669
Other Performing Arts Companies $1,350,715$923,883$1,013,292
Other Performing Arts Companies $57,302$36,342$49,377
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$0$0$0
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$0$0$0$0
Gross income from fundraising events$134,640$120,967$25,898$101,075
Less: direct expenses$134,640$120,967$25,898$101,075
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$68,397$184,107$25,044$40,286
Other Performing Arts Companies $115,987$24,367$28,959
900002$40,680$677$12,040
900099$31,171$0$806
All other revenue$-3,731$0$-1,519
Statement of Functional Expenses
2011201220132014
Total functional expenses$3,740,291$4,515,039$2,873,119$2,932,649
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$246,684$252,749$127,440$212,727
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$994,774$1,115,424$528,527$519,292
Pension plan accruals and contributions$5,787$1,809$2,699
Other employee benefits$152,744$74,992$87,575
Payroll taxes$113,646$120,534$71,462$74,916
Fees for services (non-employees)
Management$0$0$0
Legal$0$0$0
Accounting$0$0$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$48,665$30,200$41,000
Advertising and promotion$438,604$385,954$254,509
Office expenses$17,958$5,417$13,837
Information technology$0$0$0
Royalties$0$0$0
Occupancy$239,736$124,126$298,352
Travel$1,129$662$446
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$40,544$21,419$24,137
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$166,266$41,940$83,513
Insurance$19,128$12,871$19,556
Other expenses$1,585,430$1,250,216$1,033,116
Other expenses$118,856$80,394$98,031
Other expenses$118,771$41,613$69,673
Other expenses$51,048$41,174$44,469
Other expenses$21,666$32,903$54,801
Balance Sheet
2011201220132014
Total assets$2,154,609$1,499,494$941,879$1,281,230
Cash - non-interest-bearing$151$396$922
Savings and temporary cash investments$268,651$161,637$187,317
Pledges and grants receivable, net$499,321$317,890$610,848
Accounts receivable, net$68,541$18,277$11,540
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$383,913$199,652$258,192
Land, buildings, and equipment: cost or other basis$278,917$244,027$203,771
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$8,640
Total liabilities$1,522,735$1,782,346$1,291,331$935,337
Accounts payable and accrued expenses$209,229$281,918$94,008
Grants payable$0$0$0
Deferred revenue$883,117$369,413$561,329
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$430,000$690,000$640,000$280,000
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$631,874$-282,852$-349,452$345,893
Unrestricted net assets$-552,452$-454,452$-223,184
Temporarily restricted net assets$269,600$105,000$569,077
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$13,832,443
Subtotal Support$14,674,725
Gifts, grants, contributions, and membership fees received$13,309,338
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$1,365,387
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$842,282
Total Support$15,191,938
Public Support$14,674,725
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$-2,587
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$519,800
Gross receipts from related activities, etc.$6,581,736
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1San Diego Opera Association233 A St Ste 500, San Diego, CA 92101-4095CA1959-10$15,463,585
2Sarasota Opera Association Inc50 Central Avenue, Sarasota, FL 34236-5746FL1970-11$11,228,400
3The Atlanta Opera Inc1575 Northside Dr Nw Ste 350, Atlanta, GA 30318-4210GA1979-11$9,528,938
4Opera Colorado695 S Colorado Blvd Ste 20, Denver, CO 80246-8010CO1981-11$3,729,069
5Skylight Music Theatre Corp158 North Broadway, Milwaukee, WI 53202-6037WI1963-07$3,371,334
6Tulsa Opera Inc1610 S Boulder Ave, Tulsa, OK 74119-4408OK1960-12$2,139,654
7Shreveport Opera212 Texas St Ste 101, Shreveport, LA 71101-3249LA1962-04$1,039,334
8Toledo Opera Association425 Jefferson Ave Ste 601, Toledo, OH 43604-1080OH1961-08$910,856
9Sacramento Opera Association3811 J St, Sacramento, CA 95816-5520CA1966-01$878,955
10Washington Concert Opera2437 15th St Nw, Washington, DC 20009-4101DC1986-10$774,467
11San Diego Civic Light Opera Association Inc, Starlight Musical TheatrePO BOX 3519, San Diego, CA 92163-1519CA1947-05$767,719
12Syracuse Opera Company IncPO BOX 1223, Syracuse, NY 13201-1223NY1972-03$754,635
13Summer Opera Theatre Company Inc14 Northwoods Ln, Boynton Beach, FL 33436-7404FL1980-01$733,280
14West Bay Opera Association Inc221 Lambert Ave, Palo Alto, CA 94306-2217CA1962-04$631,805
15The Opera Company Inc310 N Mesa St Ste 601, El Paso, TX 79901-1342TX1993-07$520,397
16San Antonio Opera, Lyric Opera Of San AntonioPO BOX 91112, San Antonio, TX 78209-9096TX1998-10$515,924
17West Valley Light Opera AssociationPO BOX 779, Los Gatos, CA 95031-0779CA1972-03$514,984
18Tacoma Opera Association1119 Pacific Ave Ste 405, Tacoma, WA 98402-4312WA1984-04$449,876
19Opera Theatre Of The RockiesPO BOX 8110, Colorado Spgs, CO 80933-8110CO1998-11$247,408
20Opera Fort Collins IncPO BOX 503, Fort Collins, CO 80522-0503CO1997-09$187,995
Number of organizations performing similar types of work
Alaska1
Alabama2
Arizona1
California45
Colorado3
Connecticut8
District of Columbia3
Delaware1
Florida15
Georgia5
Hawaii1
Iowa2
Idaho2
Illinois11
Indiana2
Kansas2
Louisiana3
Massachusetts11
Maryland4
Maine2
Michigan3
Minnesota4
Missouri4
Mississippi2
Montana2
North Carolina4
North Dakota2
Nebraska1
New Hampshire5
New Jersey7
New Mexico2
Nevada1
New York31
Ohio10
Oklahoma2
Oregon4
Pennsylvania9
South Carolina3
Tennessee3
Texas10
Utah2
Virginia4
Vermont1
Washington4
Wisconsin7
West Virginia1
Total252

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