Overview
What is Fort Worth Opera Association Inc?
Fort Worth Opera Association Inc, located in Suite 202, 1612 Summit Ave, Fort Worth, TX 76102, is a nonprofit organization dedicated to enriching lives through operatic performances and educational programs. During the 2022-23 financial year, they navigated their economic recovery from the Covid-19 pandemic by presenting smaller stage productions. These performances included Hispanic Heritage month productions, a concert celebrating Black Excellence, and performances at Texas Christian University's Van Cliburn Hall. Their mission is to educate, entertain, inspire, and broaden the horizons of audiences, aligning with their belief in the transformative power of opera. With 69 dedicated employees, Fort Worth Opera Association Inc continues to contribute to the cultural landscape of Fort Worth, Texas.
Official website here: www.fwopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Fort Worth Opera Association Inc has received a 73% rating from Charity Navigator, indicating a moderate level of performance for a nonprofit organization. Its Accountability & Finance Score is 71, which suggests some room for improvement in financial management. However, the organization excels in Culture & Community with a robust score of 91, reflecting strong community engagement and organizational culture.
The nonprofit demonstrates positive governance practices, with 100% of its board members being independent and a comprehensive approach to audit and oversight. The organization has in place several policies, including conflict of interest and whistleblower protections, which contribute to its overall transparency and accountability. However, the financial indicators reveal concerning trends, such as a liabilities to assets ratio of 101.12% and a working capital ratio of 0.00 years, suggesting potential financial instability.
While Fort Worth Opera Association Inc shows strengths in community involvement and governance, its financial health may be a critical area to address moving forward. The organization has a solid foundation but must enhance its financial management to ensure sustainability and continued impact.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Worth Opera Association Inc legitimate?
Fort Worth Opera Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Opera Association 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $131,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $621,568
For more financial information, click here
Official website here: www.fwopera.org
What is the mission statement of Fort Worth Opera Association Inc?
The Fort Worth Opera Association Inc's mission is to enrich people's lives through operatic performances and educational programs. These offerings aim to educate, entertain, inspire, and broaden the perspectives of current and future audience members, ultimately expanding their horizons. The organization's activities in the recent fiscal year 2023 continued their economic recovery from the Covid-19 pandemic, showcasing smaller staged opera performances throughout the year. These performances included productions of El Fuego de Una Mujer and Noches de Zarzuela, A Night of Black Excellence, Of Thee I Sing!, An African American Requiem, and Verdi's Aida. These productions featured renowned artists such as Michelle Bradley, Tichina Vaughn, Ben Gulley, and Morris Robinson.
Official website here: www.fwopera.org
Who is the CEO of Fort Worth Opera Association Inc?
Angela Turner Wilson is the General Director (Resignation Effective 11-23-22) of Fort Worth Opera Association Inc.
Official website here: www.fwopera.org
What is the revenue of Fort Worth Opera Association Inc?
Fort Worth Opera Association Inc's revenue in 2023 was $2,401,327.
Official website here: www.fwopera.org
Who are the executives of Fort Worth Opera Association Inc and what are their salaries?
The average compensation at Fort Worth Opera Association Inc during 2023 was $10,918. There are 69 employees and 33 volunteers at Fort Worth Opera Association Inc.
Here are 27 key members and their salaries:
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Official website here: www.fwopera.org
Where can I find the form 990 for Fort Worth Opera Association Inc?
Fort Worth Opera Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fwopera.org
Learn more at the official website: www.fwopera.org
Mission Statement of Fort Worth Opera Association Inc
The Fort Worth Opera Association Inc, in its mission, aims to enrich the lives of individuals by presenting performances and programs that serve an educational, entertaining, inspirational, and horizon-expanding purpose for both current and future audience members. By doing so, the organization seeks to engage and captivate its patrons, fostering a love for opera and the performing arts.
During the 2022-2023 season, the Fort Worth Opera Association Inc continued its recovery from the pandemic by producing a series of smaller staged opera performances throughout the year. These productions, held at various venues, included El Fuego de Una Mujer and Noches de Zarzuela, both showcased as part of Hispanic Heritage month at Fort Worth's historic northside venue, Rose Marine Theater. The organization also presented an annual concert titled A Night of Black Excellence, as well as three opera performances at Texas Christian University Van Cliburn Hall. These productions included Of Thee I Sing!, An African American Requiem, and Verdi's Aida, which featured notable artists such as Michelle Bradley, Tichina Vaughn, Ben Gulley, and Morris Robinson.
Through these performances and programs, the Fort Worth Opera Association Inc strives to broaden its audience's horizons and provide an enriching cultural experience. The organization's mission to educate, entertain, inspire, and expand the horizons of its audience members is evident in its diverse range of productions and its commitment to showcasing talented artists from various backgrounds.
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Impact
July, 2024
Fort Worth Opera Association Inc's impact is significant in enriching people's lives with performances and programs that educate, entertain, inspire, and expand the horizons of current and future audiences. In FY23, despite the challenges posed by the Covid-19 pandemic, they continued their mission by producing smaller staged opera performances throughout the year. They showcased a diverse range of productions, including Hispanic Heritage month performances, a concert celebrating Black excellence, and classic operas like An African American Requiem and Verdi's Aida. By collaborating with venues like the historic Rose Marine Theater and the new Texas Christian University Van Cliburn Hall, Fort Worth Opera Association Inc brought engaging and high-quality opera experiences to the community. Their dedication to promoting cultural diversity and artistic excellence through their performances makes a lasting impact on the arts scene in Fort Worth, TX.
This information is meant to be a general summary of Fort Worth Opera Association 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 2023.
- Investment Income: $11,302
- Program Service Revenue: $249,929
- Gross Receipts: $2,478,375
Assets and Liabilities:
- Total Assets: $614,487
- Total Liabilities: $621,415
- Net Assets: -$6,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tickets
Revenue
$130,256
Program Performance Fees
Revenue
$119,673
Organization Details
Founding Year
1987
Phone
(817) 731-0833Principal Officer
Angela Turner Wilson
Main Address
1612 Summit Ave Suite 202, Fort Worth, TX, 76102
Website
www.fwopera.orgNTEE Category
Code: A6A0 - Arts
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