Magic Circle Opera Repretory Ensemble Inc in New York, New York (NY)

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Magic Circle Opera Repretory Ensemble Inc
Employer Identification Number (EIN)133096065
Name of OrganizationMagic Circle Opera Repretory Ensemble Inc
Address200 W 70th St Apt 6c, New York, NY 10023-4324
ActivitiesCultural performances
SubsectionEducational Organization
Ruling Date12/1981
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,010
Amount of Income$80,786
Form 990 Revenue Amount$80,786
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Opera


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Amount of income in 2013: $80,786 (it was $73,323 in 2012)
This organization: 

 $80,786
Other organizations performing similar types of work: 

 $326,346

Assets in 2013: $5,010 (it was $-6 in 2012)
This organization: 

 $5,010
Other organizations performing similar types of work: 

 $157,818

Expenses in 2013: $73,883
Magic Circle Opera Repretory Ensemble Inc: 

 $73,883
Other organizations performing similar types of work: 

 $318,256

Income to expenses ratio in 2013: 1.1
Magic Circle Opera Repretory Ensemble Inc: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 29.1%
Magic Circle Opera Repretory Ensemble Inc: 

 29.1%
Other organizations performing similar types of work: 

 54.6%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2010201120122013
Total revenue$65,007$73,060$73,323$80,786
Contributions, gifts, grants, and similar amounts received$17,600$19,200$19,200$23,500
Program service revenue including government fees and contracts$47,407$50,860$54,123$57,286
Membership dues and assessments$0$0$0$0
Investment income$0$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0$0
Net income/loss from gaming and fundraising events$0$0$0$0
Gross profit/loss from sales of inventory$0$0$0$0
Other revenue$0$3,000$0$0
Total expenses$66,034$74,163$74,178$73,883
Total net assets$-18,335$-19,438$-20,293$-13,390
Excess/Deficit for the year$-1,027$-1,103$-855$6,903
Net assets or fund balances at beginning of year$-17,308$-18,335$-19,438$-20,293
Other changes in net assets or fund balances$0$0$0$0
Net assets or fund balances at end of year$-20,293$-13,390
Balance Sheets
2010201120122013
Total assets$945$3,120$-6$5,010
Total liabilities$19,280$22,558$20,287$18,400
Net assets or fund balances$-18,335$-19,438$-20,293$-13,390
Other Information
2010201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities$0$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$260,186
Subtotal$354,566
Gifts, grants, contributions, and membership fees received$98,700
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$255,866
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$94,400
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$94,400
Total support$354,566
Public support$354,566
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Opera Association Inc30 Lincoln Cntr Plz, New York, NY 10023-6922NY1940-10$377,821,949
2Metropolitan Opera Guild Inc70 Lincoln Center, New York, NY 10023-6548NY1938-08$23,949,630
3New York City Opera IncPO BOX 3034, New York, NY 10016NY1979-08$17,054,891
4San Diego Opera Association233 A St Ste 500, San Diego, CA 92101-4095CA1959-10$15,463,585
5Sarasota Opera Association Inc50 Central Avenue, Sarasota, FL 34236-5746FL1970-11$11,228,400
6Glimmerglass Opera Theatre IncPO BOX 191, Cooperstown, NY 13326-0191NY1975-12$10,785,366
7The Atlanta Opera Inc1575 Northside Dr Nw Ste 350, Atlanta, GA 30318-4210GA1979-11$9,528,938
8Tri-Cities Opera Company Inc315 Clinton St, Binghamton, NY 13905-2017NY1959-05$958,362
9Lake George Opera Festival Association Inc19 Roosevelt Dr Ste 215, Saratoga Spgs, NY 12866-6209NY1964-07$878,452
10American Opera Projects Inc138 South Oxford Street, Brooklyn, NY 11217-1695NY1981-08$863,152
11Syracuse Opera Company IncPO BOX 1223, Syracuse, NY 13201-1223NY1972-03$754,635
12Di Capo Opera Theatre Corp184 E 76th St, New York, NY 10021-2819NY1990-05$665,356
13Bronx Opera Company Inc5 Minerva Place, Bronx, NY 10468-1647NY1972-02$219,453
14Teatro Grattacielo2 Riverside Dr Apt 2c, New York, NY 10023-2524NY1995-02$185,403
15Il Piccolo Teatro Dell Opera Inc138 Court St, Brooklyn, NY 11201-6291NY1985-03$128,502
16The Regina Opera Company Inc599 E 7th St, Brooklyn, NY 11218-5911NY1985-09$112,229
17Taconic Opera Inc9 Stacey Ct, Peekskill, NY 10566-2502NY1998-05$97,011
18Village Light Opera Group LtdPO BOX 143, New York, NY 10014-0143NY1964-07$45,027
19Westchester Hudson Opera Company Ltd25 Beechwood Ave # 35, Mt Vernon, NY 10553-1314NY1995-11$42,705
20Ebony-Opera Inc2109 Broadway Ste 1418, New York, NY 10023-2106NY1975-02$0
Number of organizations performing similar types of work
Alaska1
Alabama2
Arizona1
California45
Colorado3
Connecticut8
District of Columbia3
Delaware1
Florida15
Georgia5
Hawaii1
Iowa2
Idaho2
Illinois11
Indiana2
Kansas2
Louisiana3
Massachusetts11
Maryland4
Maine2
Michigan3
Minnesota4
Missouri4
Mississippi2
Montana2
North Carolina4
North Dakota2
Nebraska1
New Hampshire5
New Jersey7
New Mexico2
Nevada1
New York31
Ohio10
Oklahoma2
Oregon4
Pennsylvania9
South Carolina3
Tennessee3
Texas10
Utah2
Virginia4
Vermont1
Washington4
Wisconsin7
West Virginia1
Total252

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