Overview
What is The Dallas Opera?
The Dallas Opera is a renowned performing arts organization based in Dallas, Texas. With a significant audience of 28,086 patrons, they put on 16 opera productions annually at Winspear Opera House, featuring RIGOLETTO, HANSEL AND GRETEL, DAS RHEINGOLD, and COSI FAN TUTTE. The organization further engages the community with pre- and post-performance talks, open dress rehearsals, and backstage tours. Committed to artistic excellence and community outreach, The Dallas Opera attracts national and international attention, managing operations to the highest standards of efficiency, accountability, and financial sustainability, employing a total of 485 individuals.
Official website here: www.dallasopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
The Dallas Opera has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization boasts a strong independent board, with 99% of members being independent, and effective oversight mechanisms, such as an Audit and Oversight Committee that received full marks. This commitment to governance reflects positively on the nonprofit's operational integrity.
Financially, The Dallas Opera demonstrates solid performance with a program expense ratio of 67.69%, showing that a significant portion of its budget is directed towards its mission-related activities. Additionally, the fundraising efficiency is notably high, with the organization managing to raise $1 for just $0.08 in fundraising costs. This efficiency contributes to its working capital, which is adequate for ongoing operations.
However, there is a minor point of concern regarding the liabilities to assets ratio, which stands at 57.03%. While this isn't alarming, it does indicate that the organization may have a relatively high level of obligations compared to its assets. Overall, The Dallas Opera's strong governance and financial efficiency position it as a reliable nonprofit within the arts sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Dallas Opera legitimate?
The Dallas Opera is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Dallas Opera 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: $847,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,385,950
For more financial information, click here
Official website here: www.dallasopera.org
What is the mission statement of The Dallas Opera?
The Dallas Opera is a renowned performing arts organization renowned for producing exceptional opera repertoire on both mainstage and chamber platforms. Committed to community engagement, the group attracts national and international recognition, striving for artistic excellence, accountability, efficiency, and financial sustainability. Extensive community outreach and education programs further solidify its commitment to enriching lives through opera.
Official website here: www.dallasopera.org
Who is the CEO of The Dallas Opera?
Ian L Derrer is the CEO of The Dallas Opera The CEO's salary of The Dallas Opera is $311,725 and their total compensation is $327,098.
Official website here: www.dallasopera.org
What is the revenue of The Dallas Opera?
The Dallas Opera's revenue in 2024 was $17,953,408.
Official website here: www.dallasopera.org
Who are the executives of The Dallas Opera and what are their salaries?
The average compensation at The Dallas Opera during 2024 was $21,455. There are 477 employees and 75 volunteers at The Dallas Opera.
Here are 118 key members and their salaries (The Dallas Opera's CEO's salary is $311,725 and their total compensation is $327,098):
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Official website here: www.dallasopera.org
Where can I find the form 990 for The Dallas Opera?
The Dallas Opera's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.dallasopera.org
Learn more at the official website: www.dallasopera.org
Mission Statement of The Dallas Opera
The Dallas Opera, a renowned performing arts organization, is dedicated to producing world-class opera performances on both the mainstage and in chamber settings. Based on its mission, this esteemed group is not only recognized for its exceptional artistic output but also for its extensive community outreach and education programs. Committed to upholding the highest standards of artistic excellence, accountability, efficiency, and financial sustainability, The Dallas Opera attracts national and international attention.
The Dallas Opera's primary goal extends beyond the confines of its productions. It is deeply invested in giving back to its community, with a strong commitment to engaging and educating diverse audiences. Through its extensive community outreach efforts, this esteemed organization seeks to broaden access to the opera and foster an appreciation for the art form among new generations. In doing so, The Dallas Opera continues to make a significant impact, both on the local and global stages.
In pursuit of its mission, The Dallas Opera offers a rich tapestry of performances, ranging from classic repertoire to groundbreaking new productions. Its commitment to artistic excellence is evident in the caliber of its performers and productions, which consistently draw acclaim from critics and audiences alike. Simultaneously, The Dallas Opera prioritizes its educational initiatives, offering workshops, masterclasses, and other learning opportunities that provide valuable insights into the world of opera. By weaving together the threads of performance and education, The Dallas Opera creates a vibrant cultural landscape that enriches the lives of its community.
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Impact
October, 2024
The Dallas Opera profoundly enriches the cultural landscape of Dallas through exceptional opera productions and a commitment to community engagement. By presenting world-class performances such as *Rigoletto*, *Hansel and Gretel*, *Das Rheingold*, and *Cosi Fan Tutte*, the organization attracts an audience of over 28,000 patrons in just one season. In addition to these mainstage productions held at the Winspear Opera House, The Dallas Opera fosters deeper connections with its community by offering 5,327 participants opportunities to engage in enriching pre- and post-opera talks, open dress rehearsals, and backstage tours.
The impact extends beyond entertainment; it includes educational initiatives that enhance public understanding and appreciation of opera as an art form. The Dallas Opera’s dedication to artistic excellence and community outreach not only showcases the transformative power of the performing arts but also positions the organization as a key player in promoting cultural engagement and fostering a vibrant arts community in Dallas. Through its efforts, The Dallas Opera continues to draw national and international attention, solidifying its role as a premier destination for opera enthusiasts and newcomers alike.
This information is meant to be a general summary of The Dallas Opera. 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: $183,159
- Program Service Revenue: $2,796,949
- Gross Receipts: $18,006,915
Assets and Liabilities:
- Total Assets: $16,515,682
- Total Liabilities: $9,420,209
- Net Assets: $7,095,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales - Opera
Revenue
$2,424,011
Auxiliary Revenue
Revenue
$62,520
Set/Costume Rentals
Revenue
$310,418
Organization Details
Founding Year
1957
Principal Officer
Ian Derrer
Website
www.dallasopera.orgNTEE Category
Code: A6A0 - Arts
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