2024-06-25T07:59:00-05:00 2023-06-30 061667465 PRAGER METIS CPAS PLLC 10815 SIKES PL STE 100 CHARLOTTE NC 28277 990 2022-07-01 566019660 OPERA CAROLINA OPER 7043327177 1600 ELIZABETH AVE CHARLOTTE NC 28204 JAMES MEENA PRESIDENT 7043327177 2024-06-25 1 JAMES MEENA XXX-XX-XXXX 0 BRYANT A WHITSITT P00357567 7048419800 2024-06-21 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES MEENA 1600 ELIZABETH AVE CHARLOTTE NC 28204 2920365 0 X WWW.OPERACAROLINA.ORG X 1953 NC TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE, EDUCATION AND OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS. THE MOST SIGNIFICANT ACTIVITIES INCLUDE THE PRESENTATION OF THREE MAIN STAGE OPERAS AND A RANGE OF EDUCATIONAL PROGRAMS INCLUDING IN-SCHOOL PERFORMANCES AND WORKSHOPS, STUDENT NIGHTS AT MAIN STAGE PERFORMANCES AND PERFORMANCES IN REMOTE COMMUNITIES IN NC. 33 33 73 33 0 0 3067350 1909200 477184 667094 32 0 163285 344071 3707851 2920365 0 0 0 0 825239 838167 0 0 572923 2326542 2427482 3151781 3265649 556070 -345284 430345 162313 2489339 2566591 -2058994 -2404278 TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE, EDUCATION AND OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS. 0 0 2072776 719092 THE PRIMARY PROGRAM SERVICE ACTIVITY IS THAT OF MAIN STAGE PRODUCTIONSAND EDUCATIONAL ACTIVITIES. OUR MAIN STAGE SHOWCASED MULTIPLEPRODUCTIONS WHICH FULFILLED OUR EXEMPT PURPOSE OF PROVIDING ACCESSIBILITY TO AND DEVELOPING KNOWLEDGE OF PROFESSIONAL OPERA AND ELEVATING THE QUALITY OF CULTURAL LIFE IN THE CAROLINAS. 107439 37273 THE EDUCATIONAL ACTIVITIES INCLUDE OUR OPERA EXPRESS TOURING ARM WHICH ENGAGES OVER 20,000 CHILDREN BY MEANS OF MULTIPLE PERFORMANCES ACROSS THE STATES OF NORTH CAROLINA, SOUTH CAROLINA, AND GEORGIA; STUDENT NIGHT AT THE OPERA WHICH IS HELD DURING DRESS REHEARSAL FOR EACH MAIN STAGE PRODUCTION AND IN WHICH STUDENTS AND ADULTS PARTICIPATED, AND OPERA CAROLINA ACADEMY WHICH PROVIDES ACCESS TO MUSIC INSTRUCTION, MUSIC-DRAMA INSTRUCTION, AND AGE APPROPRIATE VOCAL INSTRUCTION FOR STUDENTS OF ALL AGES IN AN ARTISTIC ATMOSPHERE WHICH EMPHASIZES CLASSICAL MUSIC WHILE HONORING THE VALUE OF MUSICAL EXPRESSION IN ALL GENRES. 2180215 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 175 0 1 73 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES MEENA 7043327177 1600 ELIZABETH AVE CHARLOTTE NC 28204 ANN REED DIRECTOR 1.00 X 0 0 0 ARLENE FEREBEE IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 BARBARA HOLT DIRECTOR 1.00 X 0 0 0 CAROL KENDRICK VICE CHAIR 1.00 X X 0 0 0 CHARLOTTE PAYNE DIRECTOR 1.00 X 0 0 0 CHRISTPHER MARDANY VICE CHAIR 1.00 X 0 0 0 CHRISTOPHER MAURER DIRECTOR 1.00 X 0 0 0 CURTIS WALLS DIRECTOR 1.00 X 0 0 0 DARYL HOLLNAGEL SECRETARY 1.00 X X 0 0 0 ELIZABETH TRENARY DIRECTOR 1.00 X 0 0 0 EMILY SMITH DIRECTOR 1.00 X 0 0 0 FRANK BONCIMINO TREASURER 1.00 X X 0 0 0 JAMES MEENA ARTISTIC DIRECTOR 40.00 1.00 X 120502 0 0 JULIE BERNARD BOARD CHAIR 1.00 X 0 0 0 KI-HYUN CHUN DIRECTOR 1.00 X 0 0 0 LESLIE PALIYENKO DIRECTOR 1.00 X 0 0 0 MARCUS MARTIN DIRECTOR 1.00 X 0 0 0 MARGARET FARNHAM DIRECTOR 1.00 X 0 0 0 MATTHEW MOORE DIRECTOR 1.00 X 0 0 0 MIKE GAITHER DIRECTOR 1.00 X 0 0 0 PAUL KARDOUS DIRECTOR 1.00 X 0 0 0 MARGARET PEG POVINELLI DIRECTOR 1.00 X 0 0 0 PHYLLIS ZANGHI DIRECTOR 1.00 X 0 0 0 NATALIE BROWN DIRECTOR 1.00 X 0 0 0 ROB BOISVERT DIRECTOR 1.00 X 0 0 0 PAULIN CHINNIS DIRECTOR 1.00 X 0 0 0 JOHN HARMELING DIRECTOR 1.00 X 0 0 0 CACI JAEGER DIRECTOR 1.00 X 0 0 0 JENNIFER MARTIN DIRECTOR 1.00 X 0 0 0 JAMES POWELL DIRECTOR 1.00 X 0 0 0 JOE TESSMER DIRECTOR 1.00 X 0 0 0 JORDAN STERN DIRECTOR 1.00 X 0 0 0 SHANTE WILLIAMS DIRECTOR 1.00 X 0 0 0 AUNDREA WILSON DIRECTOR 1.00 X 0 0 0 120502 0 0 1 0 0 0 0 249580 69457 789750 800413 1909200 EDUCATION & ENGAGEMENT 711190 667094 667094 667094 254800 249580 0 254800 254800 SET RENTALS 711190 65156 65156 OTHER INCOME 711190 24115 24115 89271 2920365 756365 0 254800 X 120502 85974 21833 12695 589076 420287 106730 62059 73964 52771 13401 7792 54625 38973 9897 5755 1038 688 350 987438 882307 9085 96046 164068 159897 4171 5239 389 3045 1805 7206 7206 355047 245528 61130 48389 92485 75295 4487 12703 2533 2533 52764 52764 54005 132 53697 176 SETS, PROPS, MUSIC & RO 159497 48075 111422 FUNDRAISING/EVENTS 158295 100 -12660 170855 MISCELLANEOUS 119409 11573 83831 24005 SUPPLIES, POSTAGE & PRI 83239 64785 4134 14320 185219 86923 93745 4551 3265649 2180215 512511 572923 95376 -98099 118077 97798 25914 18906 734071 624557 158742 109514 3425 250 28811 33944 430345 162313 146384 137748 139272 205160 2203683 2223683 2489339 2566591 X -2191286 -2536570 132292 132292 -2058994 -2404278 430345 162313 -345284 0 X 0 0 0 X 1809748 1371540 1468419 3067350 1909200 9626257 1809748 1371540 1468419 3067350 1909200 9626257 9626257 4 3 9 32 0 48 246861 206654 179818 163285 344071 1140689 10766994 2200761 0.89410 0.90900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1715914 6513 144061 21898 13854 1830736 1907769 -154701 22230 14924 1715914 1384243 200000 358555 22067 12962 1907769 1021310 400000 -6762 23010 7295 1384243 1244137 58361 272241 8947 1021310 0.08913 0.32511 0.58576 0 1 1 7991 3995 3996 726080 620562 105518 109514 OTHER ASSETS 33944 33944 INTERCOMPANY TRADE PAYABLES 2223683 2223683 X 2927865 7500 7500 2920365 0 2920365 3273149 7500 7500 3265649 0 3265649 PART X, LINE 2: OPERA CAROLINA IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE ORGANIZATION USES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS, INCLUDING TAX-EXEMPT STATUS, TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS: THE INTENDED USES FOR ENDOWMENT FUNDS ARE TO HOLD AND INVEST ASSETS, AND THE EARNINGS ARE USED FOR SUPPORTING EDUCATIONAL AND OUTREACH PROGRAMS, HIRING CONDUCTORS FOR PERFORMANCES, SUPPORTING SEASON-OPENING PRODUCTIONS, PROVIDING MASTER CLASSES TO YOUNG PROFESSIONALS, AND SUPPORTING OPERATIONAL CASH FLOWS. GOLF FUNDRAISER 24359 24359 BELLA NOTTE 480021 225221 254800 504380 249580 254800 254800 FORM 990, PART VI, SECTION B, LINE 11B THE CFO WILL REVIEW THE 990 WITH TAX PREPARER. THE FINANCE COMMITTEE AND GENERAL DIRECTOR WILL REVIEW AND REPORT TO EXECUTIVE COMMITTEE ITS ACCEPTANCE OF THE DOCUMENT PRIOR TO FILING. THE 990 IS THEN FORWARDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL DISCLOSURE OF ANY CONFLICT OF INTEREST AND REMINDS AND EDUCATES EMPLOYEES AND BOARD MEMBERS OF THEIR DUTY TO DISCLOSE ANY CONFLICT OF INTEREST. VENDORS ARE REVIEWED TO ENSURE NO UNKNOWN CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: HUMAN RESOURCE AND EXECUTIVE COMMITTEES EVALUATE AND SET COMPENSATION FOR THE GENERAL DIRECTOR FOR EACH CONTRACT PERIOD AND CONSULT INDUSTRY SURVEYS TO HELP DETERMINE SALARY LEVEL. COMPENSATION FOR OFFICERS: HUMAN RESOURCE AND EXECUTIVE COMMITTEES APPROVE THE SALARIES FOR EACH EMPLOYEE DURING THE ANNUAL BUDGETING PROCESS AND CONSULT WITH KNOWLEDGEABLE BOARD MEMBERS OR OTHERS IN THE COMMUNITY CONCERNING SALARY RANGES FOR ALL JOBS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE EXAMINED UPON REQUEST AT THE ORGANIZATION'S OFFICE LOCATION. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 882,307. MANAGEMENT AND GENERAL EXPENSES 9,085. FUNDRAISING EXPENSES 96,046. TOTAL EXPENSES 987,438. OPERA CAROLINA ENDOWMENT 1600 ELIZABETH AVE CHARLOTTE NC 28204 202533756 SEE SCH O NC 501(C)(3) LINE 12B, II 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OPERA CAROLINA ENDOWMENT O 120502 COMPENSATION PAID OPERA CAROLINA ENDOWMENT E 20000 ACTUAL CASH TRANSFER OPERA CAROLINA ENDOWMENT C 69457 ACTUAL CASH TRANSFER PART II, COLUMN B: OPERA CAROLINA ENDOWMENT RECEIVES AND MANAGES INVESTMENTS IN A FISCALLY SOUND MANNER TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR EDUCATIONAL PROGRAMS AND OPERA PRODUCTIONS.