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Arts, Culture, Humanities : Performing Arts

Sarasota Opera

Entertaining, enriching, and educating our communities

three stars

86.30

61 North Pineapple Avenue Sarasota, FL 34236
tel: (941) 328-1300   Web Site
EIN: 23-7089047

Board Leadership
Syble DiGirolamo
Chairman

CEO
Richard Russell
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.30 three stars
  Financial 84.06 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Sarasota Opera began producing operas in 1974 as the Asolo Opera Guild; today, it continues to produce opera true to the vision of the composer to entertain, enrich, and educate our communities, as well as patrons from across the state and around the world. An internationally respected producer of the highest quality professional opera, it fosters artistic excellence, diversity, and vitality in the Sarasota area by producing opera as a living art form through performances and composition; offering a stage for American-trained principal artists; producing high-caliber Apprentice and Studio Artist programs; owning, maintaining, and operating the Opera House as a year-round facility; and promoting and increasing public knowledge and appreciation of opera.

The Sarasota Opera began producing operas in 1974 as the Asolo Opera Guild; today, it continues to produce opera true to the vision of the composer to entertain, enrich, and educate our communities, as well as patrons from across the state and around the world. An internationally respected producer of the highest quality professional opera, it fosters artistic excellence, diversity, and vitality in the Sarasota area by producing opera as a living art form through performances and composition; offering a stage for American-trained principal artists; producing high-caliber Apprentice and Studio Artist programs; owning, maintaining, and operating the Opera House as a year-round facility; and promoting and increasing public knowledge and appreciation of opera.

Impact Information

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Financial

three stars

84.06

Accountability & Transparency

three stars

89.00

This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
73.5%
  Administrative Expenses 20.2%
  Fundraising Expenses 6.2%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 1.88
  Program Expenses Growth 2.9%
  Liabilities to Assets 9.9%
All data for Financial Performance Metrics calculations was provided by Sarasota Opera on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Sarasota Opera on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Sarasota Opera (FL) 86.30 three stars
LA Opera (CA) 86.77 three stars
Michigan Opera Theatre (MI) 85.35 three stars
San Francisco Opera (CA) 87.05 three stars
Opera San José (CA) 92.72 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,456,071
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $3,820
   Related Organizations $0
   Government Grants $161,766
Total Contributions $3,621,657
   Program Service Revenue $3,494,081
Total Primary Revenue $7,115,738
   Other Revenue $325,866
TOTAL REVENUE $7,441,604
   
EXPENSES  
   Program Expenses $6,967,256
   Administrative Expenses $1,837,843
   Fundraising Expenses $565,790
TOTAL FUNCTIONAL EXPENSES $9,370,889
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,929,285
   
Net Assets $24,772,403

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-05 07/01/2019 86.30 three stars
2017-05 07/01/2018 86.80 three stars
2016-05 10/01/2017 87.83 three stars
2015-05 08/01/2016 87.19 three stars
2014-05 06/01/2016 83.14 three stars
 
CN 2.0
2014-05 09/01/2015 83.23 three stars
2013-05 10/01/2014 91.75 four stars
2012-05 09/01/2013 76.02 two stars
2011-05 08/01/2012 81.09 three stars
2010-05 09/20/2011 79.54 two stars
 
CN 1.0
2009-05 06/01/2010 79.56 two stars
2008-05 03/01/2009 80.26 three stars
2006-05 08/01/2007 89.13 three stars
2005-05 03/01/2006 87.01 three stars
2004-05 05/01/2005 76.25 two stars
2003-05 12/01/2004 83.67 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7089047
Name in IRS Master File SARASOTA OPERA ASSOCIATION INC
NTEE Code A6A
NTEE Classification Opera
NTEE Type Arts, Culture and Humanities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (90) Cultural performances
Foundation Status Organization 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.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1970
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End May
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • May, 2017
  • May, 2016
  • May, 2015
  • May, 2014
  • May, 2013
Compensation % of Expenses Paid to Title
$245,340 2.61% Richard Russell Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Sarasota Opera (FL) 86.30 three stars
VocalEssence (MN) 89.76 three stars
Pittsburgh Opera (PA) 90.07 four stars
The Dallas Opera (TX) 92.71 four stars
Opera Omaha (NE) 96.90 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Sarasota Opera
61 North Pineapple Avenue
Sarasota, FL 34236
tel: (941) 328-1300
EIN: 23-7089047

Visit Web Site

Board Leadership

Syble DiGirolamo
Chairman

CEO

Richard Russell
Executive Director

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