Overview
What is The Haymarket Opera Company Nfp?
The Haymarket Opera Company Nfp, based in Chicago, Illinois, is a nonprofit organization situated at 1920 N Seminary Avenue Unit 1F. Their primary mission is to contribute to the musical community in Chicago and the Midwest by presenting live performances of operas from the 17th and 18th centuries. They achieve this by utilizing period instruments in their orchestra, employing historically informed vocal practices, and implementing staging conventions from that era. Beyond performances, The Haymarket Opera Company also offers related educational initiatives, thereby enriching the local musical landscape. With a workforce of two dedicated individuals, the organization strives to bring the historical splendor of opera to contemporary audiences.
Official website here: www.haymarketopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (63%)
The Haymarket Opera Company has a rating of two stars, indicating that it needs improvement in certain operational aspects. While the organization scores well in areas such as having a majority independent board and properly documenting board meeting minutes, there are significant weaknesses in governance and transparency. Specifically, the lack of a conflict of interest policy, whistleblower policy, and a document retention plan raises concerns about accountability.
Financially, the organization has a solid liabilities to assets ratio, reflecting sound financial management in that area. However, the program expense ratio is less favorable, suggesting that a smaller portion of expenditures is directed towards its programs compared to administrative costs. This could impact the perceived effectiveness and impact of the organization's initiatives.
Overall, while Haymarket Opera Company demonstrates strengths in governance structure and financial stability, its deficiencies in specific policies and program funding may hinder its effectiveness and community trust. Addressing these areas could enhance its operational integrity and overall mission performance.
This AI summary has been generated from information found on Charity Navigator.
Is The Haymarket Opera Company Nfp legitimate?
The Haymarket Opera Company Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Haymarket Opera Company Nfp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,004
For more financial information, click here
Official website here: www.haymarketopera.org
What is the mission statement of The Haymarket Opera Company Nfp?
The Haymarket Opera Company Nfp strives to enhance the musical landscape in the Chicago and Midwest regions by presenting performances of 17th and 18th century operas. They achieve this by utilizing period instruments in the orchestra, employing historically informed vocal practices, and adhering to traditional staging conventions. Additionally, the company is committed to providing related education, aiming to contribute to the enrichment of the local musical community.
Official website here: www.haymarketopera.org
What is the revenue of The Haymarket Opera Company Nfp?
The Haymarket Opera Company Nfp's revenue in 2023 was $478,637.
Official website here: www.haymarketopera.org
Who are the executives of The Haymarket Opera Company Nfp and what are their salaries?
The average compensation at The Haymarket Opera Company Nfp during 2023 was $42,001. There are 3 employees at The Haymarket Opera Company Nfp.
Here are 6 key members and their salaries:
- Compensation: $48,000
- Related: $0
- Other: $0
- Compensation: $4,886
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.haymarketopera.org
Where can I find the form 990 for The Haymarket Opera Company Nfp?
The Haymarket Opera Company Nfp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.haymarketopera.org
Learn more at the official website: www.haymarketopera.org
Mission Statement of The Haymarket Opera Company Nfp
The Haymarket Opera Company Nfp is dedicated to enriching the musical community in Chicago and the wider Midwest region. They accomplish this by staging performances of operas from the 17th and 18th centuries, utilizing period instruments in the orchestra and employing historically informed vocal practices and staging conventions. The company's mission extends beyond just performances, as it also involves related education initiatives. By doing so, The Haymarket Opera Company Nfp contributes to the preservation and appreciation of this rich musical heritage.
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Impact
July, 2024
The impact of The Haymarket Opera Company is felt through its efforts to enrich the musical community of Chicago and the Midwest. By performing 17th and 18th Century operas using period instruments and historically informed vocal practices and staging conventions, the company not only preserves and promotes this classical music tradition but also educates audiences about the cultural and artistic significance of this period. Through productions like La Susanna by Alessandro Stradella, The Haymarket Opera Company brings a unique and valuable artistic experience to the city of Chicago, contributing to the cultural vibrancy of the region.
This information is meant to be a general summary of The Haymarket Opera Company Nfp. 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.
- Program Service Revenue: $91,295
- Gross Receipts: $478,637
Assets and Liabilities:
- Total Assets: $308,395
- Total Liabilities: $4,971
- Net Assets: $303,424
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Organization Details
Founding Year
2010
Principal Officer
Craig Trompeter
Website
www.haymarketopera.orgNTEE Category
Code: A6A - Arts
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