Overview
What is Tri-Cities Opera Company Inc?
Tri-Cities Opera Company Inc, located at 315 Clinton Street, Binghamton, NY 13905, is a distinguished nonprofit organization dedicated to showcasing operas for the local community. With a workforce of 89 individuals, the company sets the bar high for artistic excellence by utilizing the talents of young artists. Their mission is to enrich, enhance, engage, and educate the community through the captivating power of live musical storytelling, setting a standard for operatic productions. The company prides itself on nurturing up-and-coming artists, thereby enriching the cultural landscape of its neighborhood.
Official website here: www.tricitiesopera.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating
Tri-Cities Opera Company Inc has received a low rating of 56% from Charity Navigator, indicating potential concerns regarding its financial practices and overall organizational performance. Although the nonprofit excels in governance, with a fully independent board and strong policies in place, it struggles with financial transparency and efficiency. The organization has no material diversion of assets and maintains proper documentation for its board meetings.
Despite strong scores in accountability measures such as conflict of interest and whistleblower policies, the low program expense ratio of 49.05% raises concerns about the proportion of funds allocated directly to its programs. Additionally, the missing tax form on the nonprofit's website suggests a lack of transparency that could affect donor trust. The liabilities to assets ratio further reflects financial challenges, which may limit the organization's ability to sustain its operations effectively.
Overall, while Tri-Cities Opera Company Inc demonstrates good governance and compliance in some areas, its financial management and communication efforts need significant improvement to build credibility and ensure the effective use of donor resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tri-Cities Opera Company Inc?
98% of 68 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Many attendees praised the quality of the performances, highlighting a recent show, "Hansel and Gretel," as particularly impressive. The performers received accolades for their talent, with several comments noting that their engaging presence has sparked a newfound love for opera in younger audiences.
Overall, the Tri-Cities Opera Company Inc is celebrated for delivering delightful and high-quality productions, making a positive impact on the community and enhancing appreciation for the art of opera among viewers of all ages.
This AI summary has been generated from reviews found on Facebook.
Is Tri-Cities Opera Company Inc legitimate?
Tri-Cities Opera Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tri-Cities Opera Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $77,635
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,541
For more financial information, click here
Official website here: www.tricitiesopera.com
What is the mission statement of Tri-Cities Opera Company Inc?
The Tri-Cities Opera Company Inc's mission is centered around the production of professional-grade operas, utilizing the talents of young artists. By setting a high standard for artistic excellence, the company aims to enrich, enhance, engage, and educate the community through the powerful medium of live musical storytelling. This is achieved by producing operas that are accessible to the public, thereby contributing to the cultural enrichment of the community.
Official website here: www.tricitiesopera.com
Who is the CEO of Tri-Cities Opera Company Inc?
Ronald Platt is the Chair of Tri-Cities Opera Company Inc.
Official website here: www.tricitiesopera.com
What is the revenue of Tri-Cities Opera Company Inc?
Tri-Cities Opera Company Inc's revenue in 2022 was $1,617,088.
Official website here: www.tricitiesopera.com
Who are the executives of Tri-Cities Opera Company Inc and what are their salaries?
The average compensation at Tri-Cities Opera Company Inc during 2022 was $3,620. There are 89 employees and 38 volunteers at Tri-Cities Opera Company Inc.
Here are 15 key members and their salaries:
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- Compensation: $48,855
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- Other: $9,766
Official website here: www.tricitiesopera.com
Where can I find the form 990 for Tri-Cities Opera Company Inc?
Tri-Cities Opera Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tricitiesopera.com
Learn more at the official website: www.tricitiesopera.com
Mission Statement of Tri-Cities Opera Company Inc
Tri-Cities Opera Company Inc is dedicated to producing professional-quality operas, showcasing the talents of young artists. This renowned organization sets a high standard for artistic excellence and enriches, enhances, engages, and educates the community through the power of live musical storytelling. By producing operas for the community to view, Tri-Cities Opera Company Inc contributes to the cultural enrichment of its audience, fostering a love for opera and the performing arts. The company's mission is to provide an engaging and educational experience, utilizing the captivating medium of opera to captivate and inspire its audience.
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Impact
October, 2024
Tri-Cities Opera Company Inc plays a vital role in the cultural landscape of Binghamton, NY, by producing high-quality operas that showcase the talents of young artists. Through its commitment to artistic excellence, TCO transforms the operatic experience into a powerful medium of storytelling, enriching the community's cultural fabric. The company's productions not only entertain but also engage and educate audiences, fostering a deeper appreciation for the arts. By bringing professional-level performances to the community, Tri-Cities Opera inspires a love for opera and music, encouraging local participation and artistic development.
This information is meant to be a general summary of Tri-Cities Opera Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,652
- Program Service Revenue: $255,158
- Gross Receipts: $1,872,130
Assets and Liabilities:
- Total Assets: $1,346,820
- Total Liabilities: $235,057
- Net Assets: $1,111,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$100,561
SET AND COSTUME RENTAL
Revenue
$94,476
OTHER REVENUE
Revenue
$21,878
OPERA GO ROUND
Revenue
$21,573
SPONSORSHIP INCOME
Revenue
$16,670
Organization Details
Founding Year
1952
Phone
(607) 729-3444Principal Officer
Ronald Platt
Main Address
315 CLINTON STREET, BINGHAMTON, NY, 13905
Website
www.tricitiesopera.comNTEE Category
Code: A6A0 - Arts
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