Overview
What is Fargo-Moorhead Opera Company?
The Fargo-Moorhead Opera Company, situated in Fargo, North Dakota, serves as a vital cultural entity in the Fargo-Moorhead area. This nonprofit organization is dedicated to the production of operas and related performances, attracting local community members. At its core, the Fargo Moorhead Opera's mission is to foster enthusiasm for opera by showcasing exceptional singing and captivating storytelling. The organization aims to connect with both new and established audiences, providing a platform for professional artists to shine. With a team of 11 dedicated individuals, the Fargo-Moorhead Opera Company plays a significant role in enriching the cultural landscape of its community.
Official website here: www.fmopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Fargo-Moorhead Opera Company has received a low rating of 44% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization boasts a fully independent board, with 100% of its members independent, and it scores well in areas such as the size of the board and oversight of financial statements. However, the overall financial health is concerning, with a low program expense ratio and a high liabilities-to-assets ratio.
While the nonprofit has demonstrated strengths in board independence and the absence of material asset diversions, it has notable shortcomings that impact its rating. The absence of essential policies, such as a conflict of interest policy and a whistleblower policy, raises questions about governance and transparency. Additionally, the failure to post required documents, including the tax form on its website, reflects potential compliance issues that could undermine stakeholder trust.
Overall, the Fargo-Moorhead Opera Company has solid structural elements in its governance but faces critical challenges in financial sustainability and policy adherence. Addressing these issues will be essential for improving its ratings and ensuring long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Fargo-Moorhead Opera Company legitimate?
Fargo-Moorhead Opera Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fargo-Moorhead Opera Company 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: $202,622
For more financial information, click here
Official website here: www.fmopera.org
What is the mission statement of Fargo-Moorhead Opera Company?
The Fargo-Moorhead Opera Company's mission is centered around fostering enthusiasm for opera. They achieve this by showcasing exceptional singing and compelling storytelling. The opera company aims to attract both new and seasoned audiences, providing a nurturing environment for both. Furthermore, they showcase professional artists, contributing to the production of operas and related performances in their community.
Official website here: www.fmopera.org
What is the revenue of Fargo-Moorhead Opera Company?
Fargo-Moorhead Opera Company's revenue in 2024 was $443,211.
Official website here: www.fmopera.org
Who are the executives of Fargo-Moorhead Opera Company and what are their salaries?
The average compensation at Fargo-Moorhead Opera Company during 2024 was $20,262. There are 10 employees at Fargo-Moorhead Opera Company.
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Official website here: www.fmopera.org
Where can I find the form 990 for Fargo-Moorhead Opera Company?
Fargo-Moorhead Opera Company's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fmopera.org
Learn more at the official website: www.fmopera.org
Mission Statement of Fargo-Moorhead Opera Company
The Fargo-Moorhead Opera Company is committed to igniting passion for opera by showcasing exceptional vocal performances and compelling narratives. Their mission is twofold: firstly, they aim to welcome and nurture both new and established audiences, fostering a love for this art form. Secondly, they strive to showcase professional artists, providing them with a platform to showcase their talents. Through their productions of operas and related performances, they contribute to the cultural landscape of the community, engaging and entertaining its members.
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Impact
July, 2024
The Fargo-Moorhead Opera Company's impact is felt through its vibrant productions that ignite enthusiasm for opera in the community. By showcasing professional artists and delivering powerful storytelling through brilliant singing, the company welcomes and nurtures both new and established audiences. Through its performances in the Fargo-Moorhead area, the company contributes to the cultural richness of the region and fosters a love for opera among its patrons.
This information is meant to be a general summary of Fargo-Moorhead Opera Company. 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 2024.
- Investment Income: $517
- Program Service Revenue: $203,414
- Gross Receipts: $444,333
Assets and Liabilities:
- Total Assets: $294,816
- Total Liabilities: $90,807
- Net Assets: $204,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Gala Ticket Sales
Revenue
$11,563
Opera Glass Donations
Revenue
$109,091
International Dinners
Revenue
$14,262
Miscellaneous Income
Revenue
$250
Season Ticket Sales
Revenue
$13,250
Organization Details
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