Florentine Opera Co Inc in Milwaukee, Wisconsin (WI)

Organization representatives - add corrected or new information about Florentine Opera Co Inc »

Non-representatives - add comments about Florentine Opera Co Inc»

Florentine Opera Co Inc
Employer Identification Number (EIN)391098132
Name of OrganizationFlorentine Opera Co Inc
Address930 E Burleigh St Lower Level, Milwaukee, WI 53212-2212
ActivitiesOther cultural or historical activities
SubsectionEducational Organization
Ruling Date09/1968
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,682,398
Amount of Income$4,324,593
Form 990 Revenue Amount$2,872,101
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Opera


Non-representatives - add comments:


CAPTCHA

Your IP address 3.229.118.253 will be logged.

Amount of income in 2014: $4,324,593
Florentine Opera Co Inc: 

 $4,324,593
Other organizations performing similar types of work: 

 $326,346

Assets in 2014: $3,682,398
Florentine Opera Co Inc: 

 $3,682,398
Other organizations performing similar types of work: 

 $157,818

Expenses in 2013: $2,627,796
Florentine Opera Co Inc: 

 $2,627,796
Other organizations performing similar types of work: 

 $318,256

Income to expenses ratio in 2013: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 75.1%
This organization: 

 75.1%
Other organizations performing similar types of work: 

 78.6%

Number of employees in 2013: 108
This organization: 

 108
Other organizations performing similar types of work: 

 12

Employees paid over $100,000 in 2013: 1.9%
Florentine Opera Co Inc: 

 1.9%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 79.2%
Florentine Opera Co Inc: 

 79.2%
Other organizations performing similar types of work: 

 54.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?Yes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109651
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return108
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?No
Did the organization notify the donor of the value of the goods or services provided?No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$137,900
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$21,463
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization1
Statement of Revenue
201120122013
Total revenue$2,577,591$2,648,909$2,804,350
Contributions, Gifts, Grants and Other Similar Amounts$1,800,332$1,931,607$2,221,208
Program Service Revenue$420,578$491,368$492,402
Theater Companies and Dinner Theaters $438,999
Theater Companies and Dinner Theaters $43,768
900099$7,087
Other Commercial and Industrial Machinery and Equipment Rental and Leasing $2,548
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$113,235$71,606$56,886
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$243,446$154,328$33,854
Gross amount from sales of assets other than inventory (Securities / Other)$1,633,433 / $0$2,500,390 / $0$558,451 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,389,987 / $0$2,346,062 / $0$524,597 / $0
Gain or (loss) (Securities / Other)$243,446 / $0$154,328 / $0$33,854 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$3,204,240$2,748,802$2,627,796
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$163,108$159,619$159,243
Compensation not included above, to disqualified persons$0
Other salaries and wages$1,415,679$1,303,191$1,169,543
Pension plan accruals and contributions$6,119
Other employee benefits$102,739
Payroll taxes$91,039$96,347$88,886
Fees for services (non-employees)
Management$0
Legal$0
Accounting$11,753
Lobbying$0
Professional fundraising services$0$0$0
Investment management fees$0
Other$46,804
Advertising and promotion$139,829
Office expenses$152,109
Information technology$0
Royalties$12,339
Occupancy$126,803
Travel$110,580
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$45,729
Interest$11,403
Payments to affiliates$0
Depreciation, depletion, and amortization$28,836
Insurance$33,864
Other expenses$336,727
Other expenses$19,382
Other expenses$25,108
Balance Sheet
201120122013
Total assets$3,686,991$3,254,049$3,691,388
Cash - non-interest-bearing$76,068
Savings and temporary cash investments$5
Pledges and grants receivable, net$719,842
Accounts receivable, net$11,526
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$55,540
Land, buildings, and equipment: cost or other basis$153,132
Investments - publicly traded securities$2,595,275
Investments - other securities$0
Investments - program-related$0
Intangible assets$0
Other assets$80,000
Total liabilities$802,436$697,544$821,938
Accounts payable and accrued expenses$75,133
Grants payable$0
Deferred revenue$160,380
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$33,425
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$571,000$453,500$553,000
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$2,884,555$2,556,505$2,869,450
Unrestricted net assets$425,762
Temporarily restricted net assets$825,520
Permanently restricted net assets$1,618,168
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$9,682,773
Subtotal Support$10,403,905
Gifts, grants, contributions, and membership fees received$10,403,905
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$721,132
Total Support$10,852,112
Public Support$10,403,905
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$448,207
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$2,939,131
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020032004200520062007
Total revenue$3,735,019$4,774,605$3,112,699$3,464,322$4,028,289$3,060,767
Contributions, gifts, grants, and similar amounts received$2,301,751$3,687,268$1,905,278$2,228,202$2,798,571$1,911,670
Contributions to donor advised funds$0$0
Direct public support$1,331,087$2,896,625$1,084,945$1,408,562$1,977,720$1,071,329
Indirect public support$898,561$702,043$730,350$742,291$751,799$763,129
Government contributions (grants)$72,103$88,600$89,983$77,349$69,052$77,212
Program service revenue including government fees and contracts$1,086,646$942,589$986,382$1,000,734$936,978$764,057
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,309$1,295$1,073$906$0$0
Dividends and interest from securities$308,037$71,280$82,205$86,900$103,997$197,791
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$38,141$110,358$126,883$181,834$74,775
Gross amount from sales of assets other than inventory$0$1,413,462$1,240,119$2,019,921$1,060,959$854,908
Less: cost or other basis and sales expenses$0$1,375,321$1,129,761$1,893,038$879,125$780,133
Net income or (loss) from special events and activities$0$0$0$0$0$63,493
Gross revenue$0$0$0$0$0$118,402
Less: direct expenses other than fundraising expenses$0$0$0$0$0$54,909
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$37,276$34,032$27,403$20,697$6,909$48,981
Total expenses$3,624,303$3,690,667$3,700,035$3,906,834$3,526,550$3,384,016
Program services$2,752,741$2,850,499$2,848,540$3,082,631$2,753,432$2,542,006
Management and general$533,577$443,027$457,005$451,902$417,916$435,636
Fundraising$337,985$397,141$394,490$372,301$355,202$406,374
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$4,402,156$5,583,630$5,066,219$4,776,317$5,641,169$4,927,149
Excess or (deficit) for the year$110,716$1,083,938$-587,336$-442,512$501,739$-323,249
Net assets or fund balances at beginning of year$5,027,598$4,200,230$5,583,630$5,066,219$4,776,317$5,641,169
Other changes in net assets or fund balances$-736,158$299,462$69,925$152,610$363,113$-390,771
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,384,016$2,542,006$435,636$406,374
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$389,198$169,608$103,582$116,008
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$608,384$470,097$41,468$96,819
Pension plan contributions not included above$13,230$6,240$4,351$2,639
Employee benefits not included above$159,315$56,595$45,530$57,190
Payroll taxes$79,733$54,240$10,249$15,244
Professional fundraising fees$0$0$0$0
Accounting fees$9,811$0$9,811$0
Legal fees$0$0$0$0
Supplies$6,008$1,294$3,636$1,078
Telephone$9,969$1,436$8,533$0
Postage and shipping$32,404$25,986$1,585$4,833
Occupancy$107,508$38,381$69,127$0
Equipment rental and maintenance$17,797$912$16,885$0
Printing and publications$91,186$77,704$1,198$12,284
Travel$95,604$89,319$2,923$3,362
Conferences, conventions, and meetings$3,290$2,035$375$880
Interest$2,700$0$2,700$0
Depreciation, depletion, etc.$33,368$12,478$20,890$0
Other expenses not covered above$1,724,511$1,535,681$92,793$96,037
Balance Sheets
200020032004200520062007
Total assets$5,583,096$6,207,937$5,842,851$5,440,758$6,128,877$5,392,121
Cash - non-interest-bearing$0$0$0$0$89,362$248,223
Savings and temporary cash investments$89,851$555,862$157,160$325,754$290,552$179,739
Accounts receivable less allowance for doubtful accounts$39,570$41,979$37,866$27,711$22,131$9,037
Pledges receivable less allowance for doubtful accounts$2,190,634$2,535,761$1,575,509$1,247,952$1,634,464$1,020,981
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$211,068$288,989$204,573$178,949$149,040$124,652
Investments - publicly-traded securities$3,880,852$3,747,378
Investments - other securities$2,966,212$2,661,997$3,787,715$3,602,806$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$85,761$123,349$80,028$57,586$62,476$62,111
Other assets, including program-related investments$0$0$0$0$0$0
Total liabilities$1,180,940$624,307$776,632$664,441$487,708$464,972
Accounts payable and accrued expenses$21,264$50,212$32,274$86,017$28,013$37,913
Grants payable$0$0$0$0$0$0
Deferred revenue$669,487$542,662$516,854$454,850$440,050$411,343
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$3,189$31,433$227,504$123,574$19,645$15,716
Other liabilities$487,000$0$0$0$0$0
Total liabilities and net assets/fund balances$5,583,096$6,207,937$5,842,851$5,440,758$6,128,877$5,392,121
Total net assets or fund balances$4,402,156$5,583,630$5,066,219$4,776,317$5,641,169$4,927,149
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020032004200520062007
Total revenue$3,735,019$4,774,605$3,112,699$3,464,322$4,028,289$3,060,767
Total revenue, gains, and other support per audited financial statements$2,998,861$5,077,830$3,198,001$3,601,555$4,391,402$2,767,752
Other expenses$0$299,462$85,302$137,233$363,113$-293,015
Net unrealized gains on investments$0$0$69,925$137,233$363,113$-390,771
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$299,462$15,377$0$0$97,756
Other revenue$736,158$-3,763$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$736,158$-3,763$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020032004200520062007
Total expenses$3,624,303$3,690,667$3,700,035$3,906,834$3,526,550$3,384,016
Total expenses and losses per audited financial statements$3,624,303$3,694,430$3,700,035$3,906,834$3,526,550$3,481,772
Other revenue$0$3,763$0$0$0$97,756
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$3,763$0$0$0$97,756
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$132,000$21,422$0
35$72,448$27,771$0
28$58,702$23,964$0
35$73,827$9,820$0
35$52,221$2,185$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings45
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200643
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$336,059$813,038
Program service revenue
Program service revenue 1000000$000$0$739,856
Program service revenue 2000000$000$0$24,201
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$197,791$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$74,775$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$63,493$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$48,981
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920022003200420052006
Total$3,941,008$3,791,460$4,702,432$3,002,341$3,654,454$3,846,455
Gifts, grants, and contributions received$2,640,965$2,660,594$3,687,268$1,905,278$2,555,759$2,798,571
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$1,017,946$1,010,120$942,589$986,382$1,010,889$936,978
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$282,097$120,746$72,575$83,278$87,806$103,997
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$27,403$0$6,909
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Florentine Opera Co Inc to others? (optional)
  
Add photo of Florentine Opera Co Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Florentine Opera Co Inc930 E Burleigh St Lower Level, Milwaukee, WI 53212-2212WI1968-09$4,324,593
2San Diego Opera Association233 A St Ste 500, San Diego, CA 92101-4095CA1959-10$15,463,585
3Sarasota Opera Association Inc50 Central Avenue, Sarasota, FL 34236-5746FL1970-11$11,228,400
4The Atlanta Opera Inc1575 Northside Dr Nw Ste 350, Atlanta, GA 30318-4210GA1979-11$9,528,938
5Skylight Music Theatre Corp158 North Broadway, Milwaukee, WI 53202-6037WI1963-07$3,371,334
6Tulsa Opera Inc1610 S Boulder Ave, Tulsa, OK 74119-4408OK1960-12$2,139,654
7Madison Opera Inc335 W Mifflin St, Madison, WI 53703-2513WI1995-01$2,056,409
8Shreveport Opera212 Texas St Ste 101, Shreveport, LA 71101-3249LA1962-04$1,039,334
9Toledo Opera Association425 Jefferson Ave Ste 601, Toledo, OH 43604-1080OH1961-08$910,856
10Sacramento Opera Association3811 J St, Sacramento, CA 95816-5520CA1966-01$878,955
11Washington Concert Opera2437 15th St Nw, Washington, DC 20009-4101DC1986-10$774,467
12San Diego Civic Light Opera Association Inc, Starlight Musical TheatrePO BOX 3519, San Diego, CA 92163-1519CA1947-05$767,719
13Syracuse Opera Company IncPO BOX 1223, Syracuse, NY 13201-1223NY1972-03$754,635
14Summer Opera Theatre Company Inc14 Northwoods Ln, Boynton Beach, FL 33436-7404FL1980-01$733,280
15West Bay Opera Association Inc221 Lambert Ave, Palo Alto, CA 94306-2217CA1962-04$631,805
16The Opera Company Inc310 N Mesa St Ste 601, El Paso, TX 79901-1342TX1993-07$520,397
17Opera For The Young Inc6441 Enterprise Ln Ste 207, Madison, WI 53719-1163WI1987-10$299,618
18Madison Savoyards LtdPO BOX 1612, Madison, WI 53701-1612WI1975-01$63,988
19Milwaukee Opera Theatre IncPo Box 182, Elm Grove, WI 53122WI2001-01$8,793
20Milwaukee Florentine Opera Club IncS77 W19786 Sanctuary Dr, Muskego, WI 53150WI1976-03$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

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Florentine Opera Co Inc and has no official or unofficial affiliation with Florentine Opera Co Inc