Overview
What is Sarasota Opera Association Inc?
Sarasota Opera Association Inc, located in Sarasota, Florida, is a dedicated nonprofit organization focused on producing exceptional opera performances, catering to both local communities and global audiences. With a team of 140 employees, their mission is to bring opera performances to life, staying true to the composer's vision, while providing entertainment, enrichment, and education. Despite challenges from the post-COVID era and Hurricane Ian, they successfully presented 34 main stage opera performances, concerts, and movie showings in 2022. Their Youth Opera Program also resumed with two performances and community outreach events. Furthermore, they engage in in-school performances and teacher workshops, fostering a broader appreciation for opera and related performing arts. Their guild organizations also returned to hosting fundraising events.
Official website here: www.sarasotaopera.org
What are the reviews and ratings of this charity?
**Rating: 100% (Four-Star out of Four Star Rating on Charity Navigator)**
The Sarasota Opera Association has achieved an impressive 100% rating on Charity Navigator, indicating exceptional accountability and financial management. This high score is derived entirely from their strong metrics in transparency and governance, with an independent board composition of 92% and robust oversight through their Audit Committee. Their financial health shows a solid program expense ratio of 73.28%, ensuring that a significant portion of funds is directly invested in their missions.
Strengths of the organization include comprehensive oversight measures, such as well-documented policies for conflict of interest and whistleblower protections. Additional points of note are their effective fundraising efficiency, requiring only $0.11 to raise a dollar, and a notable working capital ratio of 2.69 years, suggesting they are well-positioned for future operations. However, the organization has not been evaluated for its impact and measurement, culture and community, or leadership adaptability methodologies, which leaves some uncertainty regarding its broader effectiveness and community engagement.
There were no user reviews available from GreatNonprofits to provide additional community insights or feedback.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sarasota Opera Association Inc?
96% of 608 reviewers on Facebook recommend Sarasota Opera Association Inc. Here is a summary of their reviews:
Many patrons express their appreciation for the beautiful opera house and commend the high level of talent exhibited by the performers. The overall ambiance and quality of the productions have left a positive impression on attendees, who find the experience enjoyable and enriching.
Overall, it's clear that those who visit the Sarasota Opera Association find it to be a worthwhile and fulfilling venture, showcasing the effectiveness of the organization in providing outstanding performances.
This AI summary has been generated from reviews found on Facebook.
Is Sarasota Opera Association Inc legitimate?
Sarasota Opera Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sarasota Opera Association 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: $717,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,037,175
For more financial information, click here
Official website here: www.sarasotaopera.org
What is the mission statement of Sarasota Opera Association Inc?
The Sarasota Opera Association Inc's mission is centered around producing high-quality opera performances that adhere to the original composer's vision. Their primary goal is to entertain, enrich, and educate communities in Southwest Florida, as well as attract opera enthusiasts from across the state and beyond. Besides producing operas, the association aims to foster and promote public understanding and appreciation of opera and related presentations. They also dedicate themselves to instructing, training, and educating both students and the public in opera, music, and performing arts. Additionally, the association manages or utilizes spaces for achieving these objectives.
Official website here: www.sarasotaopera.org
Who is the CEO of Sarasota Opera Association Inc?
Richard A Russell is the Trustee of Sarasota Opera Association Inc.
Official website here: www.sarasotaopera.org
What is the revenue of Sarasota Opera Association Inc?
Sarasota Opera Association Inc's revenue in 2023 was $7,635,719.
Official website here: www.sarasotaopera.org
Who are the executives of Sarasota Opera Association Inc and what are their salaries?
The average compensation at Sarasota Opera Association Inc during 2023 was $33,962. There are 140 employees and 160 volunteers at Sarasota Opera Association Inc.
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Official website here: www.sarasotaopera.org
Where can I find the form 990 for Sarasota Opera Association Inc?
Sarasota Opera Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sarasotaopera.org
Learn more at the official website: www.sarasotaopera.org
Mission Statement of Sarasota Opera Association Inc
The Sarasota Opera Association Inc, a renowned organization, is committed to producing opera performances that accurately reflect the composer's vision. Its mission extends beyond entertainment, aiming to enrich and educate the communities in southwest Florida, as well as attracting patrons from across the state and around the world. The association aims to accomplish this by producing such operas, fostering, promoting, and increasing public knowledge and appreciation of opera and similar presentations. They also strive to instruct, train, and educate both students and the public in general, not just in opera, but in music and related performing arts. The Sarasota Opera Association Inc further owns, maintains, and operates a place or places to accomplish these objectives.
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Impact
October, 2024
Sarasota Opera Association Inc significantly enhances the cultural landscape of Southwest Florida through its commitment to producing exceptional opera that aligns with the composers' original visions. By entertaining, enriching, and educating local communities and visitors alike, the organization fosters a deeper appreciation for the art form.
Following the challenges posed by the COVID-19 pandemic and Hurricane Ian, Sarasota Opera has made a notable recovery, with ticket sales exceeding expectations in 2023. The association staged 34 main stage opera performances, alongside concerts and HD movie presentations, thereby reinvigorating live theater in the area.
Moreover, the return of the Youth Opera Program and various community outreach activities underscores its dedication to educating and involving younger audiences, while in-school performances and teacher workshops engage local educators and students. This multi-faceted approach not only cultivates interest in opera and music but also strengthens community ties, making Sarasota Opera a vital asset to the region's cultural and educational framework.
This information is meant to be a general summary of Sarasota Opera Association 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 2023.
- Investment Income: $206,672
- Program Service Revenue: $3,388,505
- Gross Receipts: $13,476,256
Assets and Liabilities:
- Total Assets: $28,294,534
- Total Liabilities: $5,876,552
- Net Assets: $22,417,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERA PRODUCTIONS
Revenue
$2,601,853
RENTAL
Revenue
$646,598
SARASOTA YOUTH OPERA
Revenue
$140,054
Organization Details
Founding Year
1961
Phone
(941) 366-8450Principal Officer
Richard A Russell
Main Address
61 N PINEAPPLE AVENUE, SARASOTA, FL, 34236
Website
www.sarasotaopera.orgNTEE Category
Code: A6A0 - Arts
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