Fairmont Opera House Inc in Fairmont, Minnesota (MN)

Organization representatives - add corrected or new information about Fairmont Opera House Inc »

Non-representatives - add comments about Fairmont Opera House Inc»

Fairmont Opera House Inc
Employer Identification Number (EIN)411408912
Name of OrganizationFairmont Opera House Inc
AddressPO BOX 226, Fairmont, MN 56031-0226
ActivitiesCommunity center, Described in section 170(b)1)(a)(vi) of the Code, Other cultural or historical activities
SubsectionEducational Organization
Ruling Date12/1981
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$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,096,004
Amount of Income$338,408
Form 990 Revenue Amount$261,507
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Performing Arts Centers


Non-representatives - add comments:


CAPTCHA

Your IP address 18.219.247.59 will be logged.

Amount of income in 2014: $338,408 (it was $285,845 in 2013)
Fairmont Opera House Inc: 

 $338,408
Other organizations performing similar types of work: 

 $1,081,163

Assets in 2014: $1,096,004 (it was $1,060,500 in 2013)
Fairmont Opera House Inc: 

 $1,096,004
Other organizations performing similar types of work: 

 $1,375,711

Expenses in 2014: $221,221
This organization: 

 $221,221
Other organizations performing similar types of work: 

 $939,880

Income to expenses ratio in 2014: 1.5
This organization: 

 1.5
Other organizations performing similar types of work: 

 1.1

Number of employees in 2014: 2
This organization: 

 2
Other organizations performing similar types of work: 

 26

Grants share in income in 2014: 25.8%
Fairmont Opera House Inc: 

 25.8%
Other organizations performing similar types of work: 

 41.6%

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)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?NoNo
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
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?NoNo
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?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
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?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
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)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
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?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
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?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
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?NoNo
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?NoNo
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?NoNo
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?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
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?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
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?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 109605
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
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 return32
Did the organization file all required federal employment tax returns?YesNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
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)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
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?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
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?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
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
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
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$0$0
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201220132014
Total revenue$146,148$229,320$261,507
Contributions, Gifts, Grants and Other Similar Amounts$41,165$51,377$67,599
Program Service Revenue$98,835$87,765$92,434
0$40,852$41,680
0$29,993$28,862
0$16,920$21,892
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$21,031$11,053$20,387
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$13,435$12,651$10,274
Gross rents (Real / Personal)$13,435 / $0$12,651 / $0$10,274 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$13,435 / $0$12,651 / $0$10,274 / $0
Net gain/loss from sales of assets other than inventory$-315$2,730$-20,449
Gross amount from sales of assets other than inventory (Securities / Other)$7,798 / $0$59,255 / $0$56,452 / $0
Less: cost or other basis and sales expenses (Securities / Other)$8,113 / $0$56,525 / $0$76,901 / $0
Gain or (loss) (Securities / Other)$-315 / $0$2,730 / $0$-20,449 / $0
Net income/loss from fundraising events$0$16,734$5,091
Gross income from fundraising events$0$16,734$5,091
Less: direct expenses$0$0$0
Net income/loss from gaming activities$4,864$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$-32,867$47,010$86,171
0$47,010$86,171
All other revenue$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$202,887$208,099$221,221
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$52,856$0$0
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$0$55,382$60,134
Pension plan accruals and contributions$0$0
Other employee benefits$0$0
Payroll taxes$4,256$4,477$4,870
Fees for services (non-employees)
Management$2,145$3,967
Legal$0$0
Accounting$4,340$4,480
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$0$0
Advertising and promotion$7,914$10,721
Office expenses$565$799
Information technology$0$0
Royalties$0$0
Occupancy$45,512$37,488
Travel$3,132$1,958
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$20,493$22,710
Insurance$8,883$10,869
Other expenses$43,750$45,360
Other expenses$6,340$10,056
Other expenses$3,914$5,208
Other expenses$1,252$1,356
Other expenses$0$1,245
Balance Sheet
201220132014
Total assets$1,043,111$1,060,500$1,096,004
Cash - non-interest-bearing$117,950$90,325
Savings and temporary cash investments$110,543$96,060
Pledges and grants receivable, net$0$0
Accounts receivable, net$14,577$19,530
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$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
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Land, buildings, and equipment: cost or other basis$334,118$332,769
Investments - publicly traded securities$483,312$557,320
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$50,484$46,652$41,870
Accounts payable and accrued expenses$2,554$1,153
Grants payable$0$0
Deferred revenue$44,098$40,717
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$992,627$1,013,848$1,054,134
Unrestricted net assets$398,849$392,143
Temporarily restricted net assets$614,999$661,991
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$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: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$985,030
Subtotal$985,030
Gifts, grants, contributions, and membership fees received$429,474
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$555,556
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$1,141,263
Public support$985,030
Subtotal$133,873
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$133,873
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$22,360
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Fairmont Opera House Inc to others? (optional)
  
Add photo of Fairmont Opera House Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ordway Center For The Performing Arts345 Washington St, Saint Paul, MN 55102-1419MN1982-08$18,609,000
2Wang Theatre Inc270 Tremont St, Boston, MA 02116-5603MA1997-05$13,648,737
3Strathmore Hall Foundation Inc5301 Tuckerman Ln, N Bethesda, MD 20852-3385MD1982-10$13,211,760
4Washington Performing Arts Society2000 L St Nw Ste 510, Washington, DC 20036-4918DC1965-12$10,705,682
5Sunvalley Summer Symphony IncPO BOX 1914, Sun Valley, ID 83353-1914ID1985-10$7,644,882
6The Florida Theatre Performing Arts128 E Forsyth Street, Jacksonville, FL 32202-3366FL1988-04$5,804,418
7Tremont Theatre Inc270 Tremont St, Boston, MA 02116-5603MA1997-05$3,449,933
8Stages Inc3201 Allen Parkway, Houston, TX 77019-1811TX1978-10$3,030,070
9San Francisco Performances Inc500 Sutter St Ste 710, San Francisco, CA 94102-1116CA1979-10$2,706,999
10Sunrise Theatre Inc117 S 2nd St, Fort Pierce, FL 34950-4305FL1999-05$2,637,639
11Zeiterion Theatre Inc684 Purchase St, New Bedford, MA 02740-6340MA1988-01$2,583,162
12Wagon Wheel Theatre Inc2515 E Center St, Warsaw, IN 46580-3819IN2010-06$1,313,777
13World Music Inc720 Massachusetts Ave, Cambridge, MA 02139-3335MA1994-10$1,311,136
14Wortham Center Operating Company510 Preston Street Suite 201, Houston, TX 77002-1504TX1987-03$1,288,837
15The Paramount Theater Inc215 E Main St, Charlottesvle, VA 22902-5231VA1990-10$1,019,800
16Stratford Festival Theater Inc1850 Elm St, Stratford, CT 06615-7034CT1997-07$729,995
17Waterville Opera House Association93 Main St Ste 3, Waterville, ME 04901-6636ME1975-09$674,117
18Fairmont Opera House IncPO BOX 226, Fairmont, MN 56031-0226MN1981-12$338,408
19Fergus Falls Center For The Arts Inc124 W Lincoln Ave, Fergus Falls, MN 56537-2123MN1984-01$334,299
20Lake Benton Opera House IncPo Box 1, Lake Benton, MN 56149MN1977-06$13,031
Number of organizations performing similar types of work
Alaska2
Arkansas1
Arizona2
California31
Colorado4
Connecticut10
District of Columbia4
Delaware1
Florida16
Georgia4
Hawaii1
Idaho3
Illinois8
Indiana5
Kansas4
Kentucky3
Louisiana3
Massachusetts20
Maryland6
Maine5
Michigan12
Minnesota4
Missouri5
Mississippi1
Montana2
North Carolina6
New Hampshire6
New Jersey9
New Mexico1
New York34
Ohio16
Oklahoma3
Oregon4
Pennsylvania14
Rhode Island2
South Carolina2
South Dakota1
Tennessee3
Texas19
Utah1
Virginia6
Vermont5
Washington11
Wisconsin9
West Virginia2
Wyoming1
Total312

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Fairmont Opera House Inc and has no official or unofficial affiliation with Fairmont Opera House Inc