Overview
What is Livermore Valley Opera?
Livermore Valley Opera (LVO) is a nonprofit organization situated in Livermore, California. With a mission to enrich its community, LVO specialized in producing high-quality operas and supporting emerging opera singers' careers. Regularly, they present two operas with four performances each during their fiscal year. Due to the impact of the Covid-19 pandemic, their operations shifted this year, featuring a concert with two performances and an opera with four performances. The organization's expenses for these events and related activities amounted to $340,532, partially offset by ticket revenues of $95,133. LVO's remaining deficit is covered through grants, contributions, and operating funds. Additionally, they actively encourage a broader appreciation of opera and the related arts through community outreach programs. As of June 30, 2022, the endowment funds from patrons increased by $28,325, resulting in a total of $156,908 in restricted funds.
Official website here: www.livermorevalleyopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
Livermore Valley Opera has received a two-star rating from Charity Navigator, indicating areas needing improvement despite some strengths in accountability and financial practices. The organization boasts a perfect score for its accountability and finance metrics, with all board members being independent, ensuring a strong governance structure. The program expense ratio is also commendable at 91.61%, suggesting that the majority of its expenses are directed towards its mission.
However, the nonprofit faces significant limitations in transparency as it lacks financial statements and essential policies, including a whistleblower and document retention policy. This lack of required documentation has contributed to its lower rating. Additionally, the absence of its tax form on the nonprofit's website raises concerns about accessibility and transparency for stakeholders.
In summary, while Livermore Valley Opera demonstrates strong financial management and governance, it must address its transparency issues and implement missing policies to enhance its overall effectiveness and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Livermore Valley Opera legitimate?
Livermore Valley Opera is a legitimate nonprofit organization registered as a 501(c)(3) entity. Livermore Valley 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: $38,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.livermorevalleyopera.org
What is the mission statement of Livermore Valley Opera?
The Livermore Valley Opera, or LVO, aims to enrich its community by presenting high-quality operas and nurturing the careers of professional opera singers. The organization seeks to foster a broader appreciation of opera and related arts through community outreach initiatives. During their typical fiscal year, LVO produces two operas with multiple performances each, although this was scaled back due to the Covid-19 pandemic. Despite ticket revenues, the opera company relies on grants, contributions, and operational funds to cover any deficits. Additionally, the LVO receives endowment funds from generous patrons, which contribute to their restricted funds.
Official website here: www.livermorevalleyopera.org
Who is the CEO of Livermore Valley Opera?
Keith Sawyer is the President of Livermore Valley Opera.
Official website here: www.livermorevalleyopera.org
What is the revenue of Livermore Valley Opera?
Livermore Valley Opera's revenue in 2022 was $552,939.
Official website here: www.livermorevalleyopera.org
Who are the executives of Livermore Valley Opera and what are their salaries?
There 30 volunteers at Livermore Valley Opera.
Here are 15 key members and their salaries:
- Compensation: $12,000
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- Compensation: $5,000
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Official website here: www.livermorevalleyopera.org
Where can I find the form 990 for Livermore Valley Opera?
Livermore Valley Opera's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.livermorevalleyopera.org
Learn more at the official website: www.livermorevalleyopera.org
Mission Statement of Livermore Valley Opera
Livermore Valley Opera, a renowned non-profit organization, is committed to enriching its community by delivering world-class operas and nurturing the careers of accomplished opera singers. Beyond just producing operas, LVO strives to foster a broader appreciation for this art form and its associated disciplines within the community through various outreach initiatives. The organization typically presents two operas with four performances each during its fiscal year, contributing to the cultural landscape and providing opportunities for both local audiences and emerging talent in the field of opera. However, due to the pandemic, LVO had to adapt its schedule, presenting a concert with two performances and an opera with four performances this fiscal year. Despite these challenges, LVO continues to rely on grants, contributions, and operating funds to offset its operational costs, ensuring that its mission remains at the forefront of its operations.
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Impact
July, 2024
Livermore Valley Opera's impact is felt profoundly in the community through its exceptional productions of world-class operas and its dedication to nurturing the careers of professional opera singers. By staging high-quality performances, Livermore Valley Opera not only entertains audiences but also introduces them to the beauty and richness of opera and the associated arts. Through community outreach programs, LVO broadens the appreciation for opera, contributing to the cultural vibrancy of Livermore and fostering a love for the performing arts among its residents.
This information is meant to be a general summary of Livermore Valley 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 2022.
- Program Service Revenue: $95,133
- Gross Receipts: $587,201
Assets and Liabilities:
- Total Assets: $479,137
- Total Liabilities: $0
- Net Assets: $479,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERA PRODUCTION
Revenue
$94,984
OTHER INCOME
Revenue
$149
Organization Details
Founding Year
1993
Phone
(650) 906-6226Principal Officer
Keith Sawyer
Main Address
PO BOX 1002, LIVERMORE, CA, 94551
Website
www.livermorevalleyopera.orgNTEE Category
Code: A6A0 - Arts
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