Overview
What is Opera Idaho Foundation?
Opera Idaho Foundation is a charitable organization, situated in Boise, Idaho, with a strong focus on supporting Opera Idaho Inc, a recognized 501(c)(3) entity. The foundation's mission is to promote opera as an art form within the state of Idaho. To achieve this, they engage in fundraising activities and make distributions to eligible 501(c)(3) organizations that share a similar objective. As of the provided information, the foundation has a team of nine dedicated individuals working towards this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Star Rating)
Opera Idaho Foundation has received a low score of 47%, reflecting significant concerns regarding its financial management and overall effectiveness. While the organization demonstrates strong governance practices with a fully independent board, the low program expense ratio indicates that a substantial portion of its funding is not being allocated towards its programs, which raises questions about the impact of its operations.
Strengths of the foundation include excellent marks for its board governance practices, such as having a conflict of interest policy and documenting board meeting minutes. However, the glaring deficits in financial performance, particularly the liabilities to assets ratio and program expense ratio, suggest that the nonprofit is struggling to utilize its resources effectively for its stated mission.
Overall, while Opera Idaho Foundation maintains a competent governance structure, the financial metrics highlight a critical need for improvement in resource allocation to enhance program effectiveness and sustainability. This combination of strengths and weaknesses contributes to the overall low rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Opera Idaho Foundation legitimate?
Opera Idaho Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opera Idaho Foundation 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: $9,350
For more financial information, click here
What is the mission statement of Opera Idaho Foundation?
The Opera Idaho Foundation's mission is centered around supporting organizations that fall under the category of exempt organizations as per the Internal Revenue Code section 501(c)(3). These organizations are tasked with promoting opera within the state of Idaho. The Opera Idaho Foundation contributes financially to further the cause of opera as an art form across the state, working in alignment with Opera Idaho, Inc., a recognized 501(c)(3) organization. In essence, the foundation's purpose is to advance opera within the state of Idaho through monetary contributions to eligible organizations.
Who is the CEO of Opera Idaho Foundation?
Marshall Garrett is the President of Opera Idaho Foundation.
What is the revenue of Opera Idaho Foundation?
Opera Idaho Foundation's revenue in 2022 was $128,679.
Who are the executives of Opera Idaho Foundation and what are their salaries?
The average compensation at Opera Idaho Foundation during 2022 was $1,039. There are 9 employees and 5 volunteers at Opera Idaho Foundation.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Opera Idaho Foundation?
Opera Idaho Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opera Idaho Foundation
Opera Idaho Foundation's mission is centered around promoting opera within the state of Idaho. The organization achieves this by making distributions to organizations that fall under the category of exempt organizations, as defined by section 501(c)(3) of the Internal Revenue Code. By doing so, Opera Idaho Foundation contributes to the advancement of opera as an art form within the state, providing support to various qualified organizations that share its vision. The primary activity of the foundation is to raise funds in aid of Opera Idaho, Inc., a 501(c)(3) organization, with the ultimate goal of fostering opera across Idaho.
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Impact
October, 2024
The Opera Idaho Foundation significantly enhances the landscape of opera in Idaho by fundraising to support Opera Idaho, Inc. These efforts are dedicated to advancing opera as an art form across the state. Through targeted financial distributions to qualifying organizations, the foundation fosters creativity, cultural enrichment, and artistic collaboration. By championing opera, the foundation not only nurtures local talent but also engages and educates the community, expanding access to this timeless art form throughout Idaho.
This information is meant to be a general summary of Opera Idaho Foundation. 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: $6
- Gross Receipts: $498,442
Assets and Liabilities:
- Total Assets: $163,949
- Total Liabilities: $5,252
- Net Assets: $158,697
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Organization Details
Founding Year
2011
Phone
(208) 345-3531Principal Officer
Marshall Garrett
Main Address
513 S 8th St, Boise, ID, 83702
NTEE Category
Code: T50 - Philanthropy
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