Overview
What is Detroit Opera?
Detroit Opera is a renowned nonprofit organization, officially known as Detroit Opera Company, based in Detroit, Michigan. With a significant workforce of 692 employees, they excel in delivering main stage opera, ballet, and musical theater performances. Their mission is to be among the leading opera companies in the United States, serving as a significant cultural asset to Detroit and Michigan. Their impact extends beyond the stage, as they offer local outreach programs. Their address is located at 1526 Broadway, Detroit, MI 48226.
Official website here: www.michiganopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
Detroit Opera has achieved an impressive 99% score on Charity Navigator, indicating a strong commitment to accountability and financial health. This high rating is entirely based on the Accountability & Finance category, where it excelled in various metrics, showcasing robust governance practices and transparency.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, Detroit Opera has implemented multiple policies, such as conflict of interest and whistleblower policies, which contribute to its overall integrity and trustworthiness. The financial management is also commendable, highlighted by a favorable liabilities to assets ratio and significant program expenses directed towards its mission.
While the organization demonstrates strong financial health and accountability, a 69.48% program expense ratio indicates that there may be room for improvement in directing even more funds towards programs versus administrative costs. Overall, Detroit Opera stands out as a well-managed nonprofit with a commitment to ethical practices and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Opera legitimate?
Detroit Opera is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Opera 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: $592,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,677,377
For more financial information, click here
Official website here: www.michiganopera.org
What is the mission statement of Detroit Opera?
The Detroit Opera aspires to rank among the top opera companies in the United States. Its primary goal is to serve as a significant cultural asset to Detroit and Michigan. The organization is dedicated to presenting main stage opera and ballet performances, as well as musical theater productions. Beyond its artistic endeavors, Detroit Opera engages in local outreach programs to expand its cultural impact.
Official website here: www.michiganopera.org
Who is the CEO of Detroit Opera?
Patricia Walker is the Director of Detroit Opera. The CEO's salary of Detroit Opera is $246,637 and their total compensation is $254,340.
Official website here: www.michiganopera.org
What is the revenue of Detroit Opera?
Detroit Opera's revenue in 2022 was $20,610,976.
Official website here: www.michiganopera.org
Who are the executives of Detroit Opera and what are their salaries?
The average compensation at Detroit Opera during 2022 was $9,060. There are 692 employees and 212 volunteers at Detroit Opera.
Here are 50 key members and their salaries (Detroit Opera's CEO's salary is $246,637 and their total compensation is $254,340):
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Official website here: www.michiganopera.org
Where can I find the form 990 for Detroit Opera?
Detroit Opera's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michiganopera.org
Learn more at the official website: www.michiganopera.org
Mission Statement of Detroit Opera
Detroit Opera, a distinguished opera company in the United States, strives to be one of the leading cultural resources in Detroit and Michigan. With a commitment to excellence, the organization aspires to perform main stage opera and ballet, as well as musical theater productions, captivating audiences throughout the country. Detroit Opera's mission extends beyond artistic performances, reaching out to local communities through various outreach programs. The company's dedication to enriching the cultural landscape of Detroit and Michigan makes it an invaluable asset to the region.
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Impact
October, 2024
Detroit Opera plays a pivotal role in enriching the cultural landscape of Detroit and the broader Michigan community. By showcasing a diverse array of performances, including main stage opera, ballet, and musical theater, it highlights the artistry and craftsmanship of the performing arts.
The organization not only entertains but also engages local audiences through outreach programs, making the arts accessible to various demographics within the city. This commitment fosters a greater appreciation for opera and the performing arts while contributing to the social fabric of the community. Through its mission, Detroit Opera serves as a cornerstone of cultural identity, attracting visitors and artists alike, and bolstering the local economy. Its impact resonates beyond the stage, inspiring creativity and collaboration within the arts community while promoting Detroit as a center of cultural excellence.
This information is meant to be a general summary of Detroit Opera. 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: $333,759
- Program Service Revenue: $1,840,921
- Gross Receipts: $21,016,496
Assets and Liabilities:
- Total Assets: $51,625,944
- Total Liabilities: $9,131,661
- Net Assets: $42,494,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSION AND PERFORMANCE FEES
Revenue
$1,840,921
Organization Details
Founding Year
1971
Phone
(313) 961-3500Principal Officer
Patricia Walker
Main Address
1526 BROADWAY, DETROIT, MI, 48226
Website
www.michiganopera.orgNTEE Category
Code: A610 - Arts
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