Virginia Opera
Impact & Measurement
Accountability & Finance
Culture & Community
Leadership & Adaptability
building

Virginia Opera

 
501(c)(3) organization
Donations are tax-deductible
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160 W. Virginia Beach Boulevard
Norfolk VA 23510
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Mail donations to:
P.O. Box 2580
Norfolk VA 23501

Norfolk VA | IRS ruling year: 1975 | EIN: 54-0985006  
infoAn EIN is a unique nine-digit number that identifies a business for tax purposes.
 
Organization Mission
The mission of Virginia Opera is to engage, educate and excite a diverse base of audiences, volunteers and professionals through the production of quality opera perf ...
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Rating Information

rating
Needs Improvement

This charity's score is 72%, earning it a Two-Star rating.

This overall score is calculated from multiple beacon scores, weighted as follows: 74% Accountability & Finance, 10% Leadership & Adaptability, 16% Culture & Community. Learn more about our criteria and methodology.

Historical Ratings
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Rating Report

Accountability & Finance
Score

65

Most Recent Fiscal Year:
FY 2021
This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.
 

Key Accountability Metrics

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Majority Independent Board Members - 97% independent members
10 out of 10 points  plus
Independent Board Size - 40 independent members
10 out of 10 points  plus
Financial Statements - Audit and Oversight Committee
20 out of 20 points  plus
Material Diversion of Assets - None
20 out of 20 points  plus

Tax Form Disclosures and Policies

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Website Listed on Tax Form - Listed
5 out of 5 points  plus
Conflict of Interest Policy - Missing
0 out of 5 points  plus
Whistleblower Policy - Missing
0 out of 5 points  plus
Document Retention and Destruction - Missing
0 out of 5 points  plus
Documents Board Meeting Minutes - Yes
5 out of 5 points  plus
Tax Form Distributed to Board Before Filing - Listed
5 out of 5 points  plus
Loans to/from Officers - None
5 out of 5 points  plus

Website Disclosures

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Partial Credit
  
No Credit
Tax Form Posted on Nonprofit's Website - Missing
0 out of 5 points  plus

Financial Metrics

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Liabilities to Assets: Ratio - 70.37%
0 out of 25 points  plus
Program Expense: Ratio - 66.70%
21 out of 25 points  plus
Fundraising Efficiency: Ratio - $0.12
25 out of 25 points  plus
Working Capital: Ratio - 0.17 years
5 out of 25 points  plus

Additional Information

Total Revenue and Expenses - Data Available
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Salary of Key Persons - Data Available
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IRS Published Data (Business Master File) - Data Available
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Data Sources (IRS Forms 990) - Data Available
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