Overview
What is Operalex Inc?
Operalex Inc is a nonprofit organization based in Lexington, Kentucky, with a commitment to increasing public awareness of opera across the state and beyond. Their activities encompass supporting various operatic performances, scholarship auditions, and promotional events, such as luncheons, receptions, cast feeds, and opera classes. Due to the COVID-19 pandemic, these events were transitioned to an online platform, becoming accessible to audiences on Facebook, YouTube, and the Operalex website. Despite restrictions, the organization continued to engage with the community through virtual sessions. Operalex Inc is particularly dedicated to supporting the opera program at the University of Kentucky, providing scholarships and maintaining its educational and public programs under the guidance of the board of directors.
Official website here: www.operalex.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
Operalex Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting robust performance in both accountability and finance, with a score of 93%. The organization demonstrates strong governance, as evidenced by having a fully independent board of directors and no material diversion of assets. Their transparency is further supported by comprehensive policies on conflict of interest and document retention, although they are noted to be missing a whistleblower policy.
The nonprofit excels in program efficiency, allocating nearly 93% of its expenses directly to its programs, which indicates a significant commitment to its mission. Its financial health is solid, with a liabilities to assets ratio of 0.00%, suggesting that the organization has no debts, allowing for greater operational flexibility. This financial stability likely contributes to its capacity to serve its community effectively.
In terms of culture and community, Operalex Inc scored a perfect 100%, showcasing an exceptional commitment to collecting and utilizing feedback from stakeholders. The organization employs best practices to engage with the community and address challenges, ensuring that it remains responsive to the needs of those it serves. Overall, Operalex Inc stands out as a well-managed and impactful nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Operalex Inc legitimate?
Operalex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operalex Inc 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.
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Official website here: www.operalex.org
What is the mission statement of Operalex Inc?
Operalex Inc's mission is centered around raising awareness of opera among the general public, particularly in Central Kentucky and beyond. One of their key objectives is to support the opera program at the University of Kentucky, including the provision of scholarships under the guidance of their board of directors. Additionally, Operalex Inc continues to carry out educational and public programs to foster a deeper appreciation for opera.
Official website here: www.operalex.org
Who is the CEO of Operalex Inc?
Bonnie Mays is the Director of Operalex Inc.
Official website here: www.operalex.org
What is the revenue of Operalex Inc?
Operalex Inc's revenue in 2022 was $59,642.
Official website here: www.operalex.org
Who are the executives of Operalex Inc and what are their salaries?
Here are 24 key members and their salaries:
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Official website here: www.operalex.org
Where can I find the form 990 for Operalex Inc?
Operalex Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.operalex.org
Learn more at the official website: www.operalex.org
Mission Statement of Operalex Inc
Operalex Inc, a nonprofit organization, is committed to raising awareness about opera among the general public, not just in Central Kentucky, but throughout the entire commonwealth. One of its primary objectives is to support the opera program at the University of Kentucky. This support extends to awarding scholarships to students under the guidance of the board of directors, and continuing with its educational and public programs. By doing so, Operalex Inc aims to foster a deeper appreciation and understanding of opera within various communities.
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Impact
August, 2024
Operalex Inc enhances the general public's awareness of opera in Central Kentucky and throughout the Commonwealth. They support operatic performances, scholarship auditions, and opera promotional events. Despite the challenges posed by COVID-19, Operalex adapted by holding virtual performances, auditions, and classes, reaching audiences through platforms like Facebook, YouTube, and their website. Their mission is to support opera programs at the University of Kentucky, award student scholarships, and continue educational and public programs. Operalex's impact extends to promoting the arts and enriching cultural experiences in the community.
This information is meant to be a general summary of Operalex Inc. 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: $8,733
- Program Service Revenue: $22,404
- Gross Receipts: $533,041
Assets and Liabilities:
- Total Assets: $404,458
- Total Liabilities: $0
- Net Assets: $404,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BRAVO INCOME
Revenue
$11,442
MET OPERA AUDITIONS
Revenue
$10,962
Organization Details
Founding Year
1990
Phone
(859) 288-7624Principal Officer
Bonnie Mays
Main Address
PO BOX 8463, LEXINGTON, KY, 405338463
Website
www.operalex.orgNTEE Category
Code: A65Z - Arts
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