Overview
What is Anchorage Opera Company?
The Anchorage Opera Company, situated in Anchorage, Alaska, is a nonprofit organization with a mission to foster artistic development, innovation, and education. Established at 1507 SPAR AVENUE, they achieve this by presenting operas and related events in the Anchorage area. Their operations encompass the entire process of producing and staging operas, promoting public collaboration, and engaging with the community. With a workforce of 7 dedicated individuals, this nonprofit organization seeks to enrich the cultural landscape of Alaska by bringing the captivating world of opera to its people.
Official website here: www.anchorageopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star Rating
The Anchorage Opera Company has received a low rating of 44%, translating to a Zero-Star rating, which highlights significant concerns regarding its financial practices and governance. The overall score is primarily impacted by the Accountability & Finance category, where various shortcomings have been noted. While the board features a strong majority of independent members and complies with some financial reporting standards, critical policies such as conflict of interest, whistleblower protection, and document retention are missing, indicating potential governance weaknesses.
On the positive side, the organization benefits from a fully independent board and has shown transparency in its financial statements, having them reviewed or compiled as required. However, the financial ratios reflect troubling trends, including a low program expense ratio of 42.68%, suggesting that a smaller portion of its budget is dedicated to its mission-related activities. Additionally, the liabilities to assets ratio of 6.37% raises concerns about its financial stability.
In summary, while the Anchorage Opera Company has certain strengths in governance through its independent board structure, the lack of essential policies and low financial health ratios significantly detract from its overall performance. Prospective donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Anchorage Opera Company legitimate?
Anchorage Opera Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchorage 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: $91,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,543
For more financial information, click here
Official website here: www.anchorageopera.org
What is the mission statement of Anchorage Opera Company?
The Anchorage Opera Company serves as a hub for artistic creation, innovation, and education, primarily through the presentation of opera and related events. This organization encourages public collaboration and community engagement, aiming to benefit the people of a specific state. Their mission is to foster an environment that promotes opera and related events, which in turn stimulates artistic growth and engagement within the community.
Official website here: www.anchorageopera.org
Who is the CEO of Anchorage Opera Company?
Justin Mills is the President of Anchorage Opera Company.
Official website here: www.anchorageopera.org
What is the revenue of Anchorage Opera Company?
Anchorage Opera Company's revenue in 2022 was $648,106.
Official website here: www.anchorageopera.org
Who are the executives of Anchorage Opera Company and what are their salaries?
The average compensation at Anchorage Opera Company during 2022 was $51,220. There are 7 employees at Anchorage Opera Company.
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Official website here: www.anchorageopera.org
Where can I find the form 990 for Anchorage Opera Company?
Anchorage Opera Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anchorageopera.org
Learn more at the official website: www.anchorageopera.org
Mission Statement of Anchorage Opera Company
Anchorage Opera Company, as the hub of artistic creation, innovation, and education, serves its mission by presenting opera and related events. Through these performances, the company encourages public collaboration and community engagement, aiming to enrich the lives of individuals across the state of Alaska. By producing and presenting operas in the Anchorage area, the company fosters a sense of unity and engagement, inviting the public to participate in and appreciate the captivating world of opera. The Anchorage Opera Company's mission is to be a vibrant and inclusive force in the artistic landscape, inspiring and engaging audiences while nurturing the talents of both established and emerging artists.
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Impact
July, 2024
The Anchorage Opera Company is a vibrant force in the artistic community, enriching the cultural landscape of Alaska through innovative opera productions and related events. By serving as the center of artistic creation and education, the company engages the public in collaborative experiences that foster community involvement and cultural enrichment. Through its dedication to presenting high-quality opera performances in the Anchorage area, the Anchorage Opera Company is instrumental in promoting the arts and cultivating a deep appreciation for opera among the people of Alaska.
This information is meant to be a general summary of Anchorage 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 2022.
- Investment Income: $116
- Program Service Revenue: $58,783
- Gross Receipts: $653,574
Assets and Liabilities:
- Total Assets: $424,330
- Total Liabilities: $30,831
- Net Assets: $393,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERA REVENUE
Revenue
$58,783
Organization Details
Founding Year
1962
Principal Officer
Justin Mills
Main Address
1507 SPAR AVENUE, ANCHORAGE, AK, 99501
Website
www.anchorageopera.orgNTEE Category
Code: A6A0 - Arts
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