Overview
What is Opera America Inc?
Opera America Inc, based in New York City, New York, serves as a vital hub for the opera community. Their primary purpose is to support the creation, presentation, and appreciation of opera. Housing both administrative offices and a state-of-the-art rental facility, Opera America's National Opera Center provides suitable spaces for auditions, rehearsals, recordings, and various artistic activities, such as performances, readings, and lectures. The center is equipped with advanced electronic media technology, enabling collaboration and communication within the widely dispersed opera industry. Opera America's mission includes promoting the growth and expansion of opera, fostering talent development, assisting resident professional opera companies, improving opera presentations, and encouraging greater appreciation of opera by society. With a workforce of 43 individuals, Opera America Inc remains committed to its role in the opera community.
Official website here: www.operaamerica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
Opera America Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. The organization boasts a high percentage of independent board members and has received perfect scores in several categories, including financial statement oversight and conflict of interest policies. These factors signify a well-governed organization prioritizing transparency and integrity.
The nonprofit demonstrates effective use of its resources, with an impressive program expense ratio of over 80%, indicating that a significant portion of its funds is directed towards its programs. Furthermore, the fundraising efficiency ratio shows that it raises funds effectively, allowing it to maintain a healthy working capital ratio of 2.35 years. This suggests a solid financial footing and a commitment to sustaining its operations and programs.
However, while the organization showcases strong financial health, the liabilities to assets ratio, although acceptable, could be an area for continued monitoring to ensure long-term stability. Overall, Opera America Inc stands out in its sector for its governance and financial practices, positioning it as a reliable entity for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Opera America Inc legitimate?
Opera America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opera America 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: $524,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,940,986
For more financial information, click here
Official website here: www.operaamerica.org
What is the mission statement of Opera America Inc?
Opera America Inc was established with the mission to promote the growth and expansion of the operatic art form. One of its key objectives is to foster and enhance the education, training, and development of operatic composers, singers, and related talent. The organization also assists in developing resident professional opera companies by providing cooperative artistic and management services to its membership. Opera America Inc encourages the improvement of the quality of operatic presentations and aims to increase appreciation and enjoyment of opera among various societal segments.
Official website here: www.operaamerica.org
Who is the CEO of Opera America Inc?
Marc Scorca is the President/Ceo of Opera America Inc. The CEO's salary of Opera America Inc is $320,222 and their total compensation is $347,644.
Official website here: www.operaamerica.org
What is the revenue of Opera America Inc?
Opera America Inc's revenue in 2022 was $5,782,198.
Official website here: www.operaamerica.org
Who are the executives of Opera America Inc and what are their salaries?
The average compensation at Opera America Inc during 2022 was $57,341. There are 43 employees at Opera America Inc.
Here are 44 key members and their salaries (Opera America Inc's CEO's salary is $320,222 and their total compensation is $347,644):
- Compensation: $320,222
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- Other: $27,422
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- Compensation: $146,542
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- Compensation: $142,655
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- Other: $16,981
- Compensation: $142,333
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- Other: $16,965
- Compensation: $120,633
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- Other: $15,880
- Compensation: $110,488
- Related: $0
- Other: $15,372
Official website here: www.operaamerica.org
Where can I find the form 990 for Opera America Inc?
Opera America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.operaamerica.org
Learn more at the official website: www.operaamerica.org
Mission Statement of Opera America Inc
Opera America Inc, a renowned organization, was established with a mission to support the creation, presentation, and enjoyment of opera. Its primary objectives include:
1. Promoting the growth and expansion of the operatic art form, striving to keep this classical genre vibrant and relevant.
2. Fostering and improving the education, training, and development of operatic composers, singers, and allied talent. This ensures a continuous supply of skilled professionals in the field, ensuring the longevity of opera.
3. Assisting in developing resident professional opera companies through cooperative artistic and management services to its membership. This collaborative approach helps opera companies thrive and grow, providing high-quality performances for audiences.
4. Encouraging and assisting in the improvement of the quality of operatic presentation. By setting high standards and offering guidance, Opera America Inc aims to ensure that opera performances are of the highest caliber.
5. Encouraging greater appreciation and enjoyment of opera by all segments of society. Through various programs and initiatives, Opera America Inc aims to make opera more accessible and appealing to diverse audiences, fostering a love for this timeless art form.
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Impact
October, 2024
Opera America Inc significantly contributes to the opera community by supporting the creation, presentation, and enjoyment of opera through a variety of comprehensive programs. One of its cornerstone facilities, the National Opera Center, is a state-of-the-art venue designed specifically for the needs of the opera industry. This facility not only serves as a rental space but also includes administrative offices and custom-built rooms for auditions, rehearsals, and recordings.
The National Opera Center is equipped with advanced electronic media technology that facilitates streaming and video conferencing, effectively bridging geographical gaps within the opera community. This fosters collaboration among artists and organizations, enabling various forms of artistic work, from performances to new work readings and educational lectures.
Opera America plays a pivotal role in promoting the growth of the operatic art form through initiatives that enhance education and training for composers, singers, and other allied talents. By providing cooperative artistic and management services, the organization aids the development of resident professional opera companies. Moreover, it emphasizes the improvement of the quality of operatic presentations and encourages a broader appreciation of opera, reaching diverse segments of society. Through these efforts, Opera America not only uplifts the art form but also creates an enriching environment for artists and audiences alike.
This information is meant to be a general summary of Opera America 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: $768,251
- Program Service Revenue: $1,453,928
- Gross Receipts: $13,135,891
Assets and Liabilities:
- Total Assets: $19,961,792
- Total Liabilities: $4,475,581
- Net Assets: $15,486,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NATIONAL OPERA CENTER OPERATIONS
Revenue
$755,991
SEMINARS WORKSHOPS AND ANNUAL MEE
Revenue
$511,626
PUBLICATION AND WEB ADVERTISING
Revenue
$140,911
MEMBERSHIP DUES
Revenue
$45,400
Organization Details
Founding Year
2005
Phone
(212) 796-8620Principal Officer
Marc Scorca
Main Address
330 SEVENTH AVENUE, NEW YORK, NY, 10001
Website
www.operaamerica.orgNTEE Category
Code: A03 - Arts
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