Overview
What is Portland Opera Association Inc?
Portland Opera Association Inc, based in Portland, Oregon, is a renowned nonprofit organization that delves into the captivating world of opera. Their primary goal is to inspire and engage audiences through high-quality productions, showcasing the beauty and breadth of this art form. Beyond the stage, they reach out to over 400,000 individuals annually, offering free concerts, previews, lectures, broadcasts, and community programs. These initiatives include educational efforts that positively impact more than 25,000 young people. Portland Opera Association Inc also leads in the development of new opera talent, boasting a Resident Artists Program that is considered one of the finest professional residencies for early-career opera singers in the nation. They collaborate with schools to provide educational and outreach opportunities, offering backstage tours, master classes, and related activities. The organization works closely with various not-for-profit organizations on gala and benefit events, furthering its impact in the community. With a mission to enrich the cultural landscape of the Pacific Northwest, Portland Opera Association Inc gathers and inspires artists, collaborators, and audiences to create shared opera experiences.
Official website here: www.portlandopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Portland Opera Association Inc has achieved an impressive 97% overall rating from Charity Navigator, indicating strong performance in both accountability and finance. The organization boasts a fully independent board and demonstrates rigorous financial oversight, with no material diversion of assets reported. Their commitment to transparency is evident through extensive policies and the posting of tax forms on their website.
Strengths highlighted in the data include a high program expense ratio of 69.51%, indicating that a significant portion of their expenditures directly supports their programs. Additionally, the fundraising efficiency ratio is commendable at $0.17, reflecting effective fundraising practices. The organization also maintains a solid working capital ratio, suggesting financial stability and the ability to manage obligations effectively.
While the organization performs well overall, the liabilities to assets ratio of 38.54% could be a point of attention for future assessments. Nonetheless, the Portland Opera Association Inc demonstrates a strong commitment to its mission and is well-regarded in terms of governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Portland Opera Association Inc legitimate?
Portland Opera Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portland 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,850,360
For more financial information, click here
Official website here: www.portlandopera.org
What is the mission statement of Portland Opera Association Inc?
Portland Opera Association Inc's mission is to bring together audiences, artists, and collaborators to create shared opera experiences that enrich and connect people, contributing to the cultural landscape. They achieve this by producing high-quality operas that celebrate the breadth of the genre. Beyond the stage, they engage with over 400,000 people annually through various community programs, including educational efforts for over 25,000 young people. Portland Opera is also known for its development of new opera talent, with its Resident Artists Program, considered one of the finest professional residencies for early-career opera singers in the nation. The company collaborates with schools to provide educational and outreach opportunities for certain shows, and works with not-for-profit organizations on gala and benefit events.
Official website here: www.portlandopera.org
Who is the CEO of Portland Opera Association Inc?
Bill Sweat is the President of Portland Opera Association Inc.
Official website here: www.portlandopera.org
What is the revenue of Portland Opera Association Inc?
Portland Opera Association Inc's revenue in 2022 was $6,427,298.
Official website here: www.portlandopera.org
Who are the executives of Portland Opera Association Inc and what are their salaries?
The average compensation at Portland Opera Association Inc during 2022 was $5,950. There are 311 employees at Portland Opera Association Inc.
Here are 18 key members and their salaries:
- Compensation: $156,972
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- Other: $5,863
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Official website here: www.portlandopera.org
Where can I find the form 990 for Portland Opera Association Inc?
Portland Opera Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.portlandopera.org
Learn more at the official website: www.portlandopera.org
Mission Statement of Portland Opera Association Inc
Portland Opera Association Inc, in its mission, aims to bring together and inspire audiences, artists, and collaborators. They strive to create shared opera experiences that enrich and connect people, thereby contributing to the cultural landscape of the Pacific Northwest. The organization's primary objective is to inspire, challenge, and uplift its audience by presenting high-quality opera productions that showcase the beauty and breadth of opera.
Beyond the stage, Portland Opera Association Inc reaches out to a wide audience of over 400,000 individuals annually. They achieve this through free concerts, previews, lectures, broadcasts, and community programs. Among these initiatives, the organization places a significant emphasis on education, reaching over 25,000 young people annually with its educational efforts. Portland Opera Association Inc also leads in the development of new opera talent, offering a renowned Resident Artists Program, considered one of the finest professional residencies for early-career opera singers in the nation.
The company collaborates closely with schools to provide educational and outreach opportunities for certain shows, offering backstage tours, "chat backs" with cast members, master classes, and related activities. Additionally, Portland Opera Association Inc offers student group and rush ticket discounts. The group sales department works with various not-for-profit organizations to organize gala and benefit events. Overall, Portland Opera Association Inc's mission is to engage, inspire, and educate audiences through high-quality opera productions and a wide range of community programs.
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Impact
July, 2024
Portland Opera Association Inc's impact can be seen in the way it inspires, challenges, and uplifts audiences through high-quality opera productions that celebrate the beauty and breadth of the art form. By sharing opera with over 400,000 people annually through various community programs, including free concerts, previews, lectures, broadcasts, and educational efforts reaching more than 25,000 young people, the organization enriches the cultural landscape of the Pacific Northwest.
Moreover, through initiatives like the Portland Opera Resident Artists Program, the company nurtures new opera talent, contributing to the development of the next generation of performers. Its collaborations with schools, offering educational opportunities such as backstage tours, cast member discussions, master classes, and student discounts, further demonstrate a commitment to engaging with the community and fostering a love for opera among diverse audiences. The organization's involvement in benefit events and partnerships with nonprofit organizations also highlight its dedication to creating meaningful connections and enhancing the cultural vibrancy of Portland, Oregon, and beyond.
This information is meant to be a general summary of Portland 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 2022.
- Investment Income: $577,666
- Program Service Revenue: $552,992
- Gross Receipts: $6,427,298
Assets and Liabilities:
- Total Assets: $27,962,888
- Total Liabilities: $6,422,059
- Net Assets: $21,540,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$552,992
Organization Details
Founding Year
1965
Phone
(503) 241-1407Principal Officer
Bill Sweat
Main Address
211 SE CARUTHERS, PORTLAND, OR, 97214
Website
www.portlandopera.orgNTEE Category
Code: A6A0 - Arts
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