Nonprofit · EIN 23-7089047
SARASOTA OPERA ASSOCIATION INC
Tax-exempt · SARASOTA, FL 34236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $16,304,896 | $10,554,868 | $5,750,028 | $36,969,853 | $8,069,205 | $28,900,648 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $11,640,944
- of which government grants
- $95,925
- Program service revenue
- $3,617,865
- Investment income
- $703,610
- Net gain from sales of assets
- $416,415
- Net income from fundraising events
- $42,688
- Other revenue
- $342,477
Expenses
- Grants and similar amounts paid
- $15,000
- Compensation of officers, directors and key employees
- $575,222
- Other salaries and wages
- $4,681,784
- Salaries, compensation and benefits (total)
- $5,846,626
- Professional fundraising fees
- $0
- Legal fees
- $14,891
- Accounting fees
- $27,500
- Occupancy
- $1,192,975
- Travel
- $663,843
- Depreciation
- $835,664
- Program services (functional)
- $7,830,337
- Management and general (functional)
- $1,964,432
- Fundraising (functional)
- $760,099
Balance sheet and other
- Total assets, start of year
- $30,963,445
- Total assets, end of year
- $36,969,853
- Total liabilities, end of year
- $8,069,205
- Net assets, end of year
- $28,900,648
- Land, buildings and equipment
- $14,897,738
- Publicly traded securities
- $12,713,072
- Net assets without donor restrictions
- $20,036,600
- Net assets with donor restrictions
- $8,864,048
- Gross receipts
- $31,345,589
- Employees
- 144
- Volunteers
- 165
- Year formed
- 1961
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD RUSSELL | GENERAL DIRECTOR Officer | 50 | $325,139 | $10,668 |
| KENNETH TARASI | DIRECTOR OF FINANCE Officer | 50 | $117,070 | $10,343 |
| ARTHUR SICILIANO | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| KATHERINE BENOIT | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| RON ARCHBOLD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| STEVE SABATO | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| Alastair Hunter-Henderson | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CAROL ENGLISH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID CHAIFETZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| David L Bialosky | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DONALD J WORTHINGTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| J SUMNER BAGBY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JANET STERN SOLOMON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JEFF TROIANO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN F SUHRE | TRUSTEE Trustee or director | 2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joseph Mallof | TRUSTEE Trustee or director | 2 | $0 |
| MARY J MITCHELL | TRUSTEE Trustee or director | 2 | $0 |
| MICHAL WADSWORTH | TRUSTEE Trustee or director | 2 | $0 |
| Patricia Dodge | TRUSTEE Trustee or director | 2 | $0 |
| PAUL DELAURO | TRUSTEE Trustee or director | 2 | $0 |
| RICHARD DEGENNARO | TRUSTEE Trustee or director | 2 | $0 |
| ROSANNE MARTORELLA | TRUSTEE Trustee or director | 2 | $0 |
| Sue Neumann | TRUSTEE Trustee or director | 2 | $0 |
| SUSAN K STRAUS | TRUSTEE Trustee or director | 2 | $0 |
| SYBLE DI GIROLAMO | TRUSTEE Trustee or director | 2 | $0 |
| Tamara Jacobs | TRUSTEE Trustee or director | 2 | $0 |
| Thomas Garden | TRUSTEE Trustee or director | 2 | $0 |
| TOBY SIEGEL | TRUSTEE Trustee or director | 2 | $0 |
| ULYSSES BRUALDI | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM D TOMPKINS | TRUSTEE Trustee or director | 2 | $0 |
| VICTOR DERENZI | TRUSTEE Highest-paid employee | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 61 N PINEAPPLE AVE, SARASOTA, FL 34236-5716
- Principal officer (990 for 2024)
- Richard A Russell, 61 N Pineapple Avenue, Sarasota, FL 34236
- Signed the 990
- Ken Tarasi, Director of Finance
- Phone
- (941) 366-8450
- Return prepared by
- Mauldin & Jenkins LLC
Mission
Sarasota Opera produces impassioned opera performances true to the vision of the composer, to entertain, enrich, educate, and inspire a life-long love of opera in our diverse and growing communities.
Program accomplishments
- In the Fall of 2024, the Opera presented two performances of Giuseppe Verdi's music to nearly sold out houses, while our Youth Opera program, with it's growing participation, presented two performances of The Hobbit. The Winter Festival consisted of thirty-three performances, two more than the previous year. Four different operas were presented in front of over 28,000 patrons. In addition to these live main stage performances, the Opera continued its presentation of classic and classical HD movies. Community outreach events, in-school programs and teacher workshops continued to expand. The Opera's two guild organizations are growing and creating additional fundraising events and activities.Expenses $7,830,337 · grants $15,000 · revenue $3,917,654
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7089047
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A6A0)
- Assets (IRS master file)
- $36,969,853
- Income (IRS master file)
- $31,345,589
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | – | – | – | IRS |
| 990 | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $7,635,719 | $9,783,004 | $28,294,534 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about SARASOTA OPERA ASSOCIATION INC
- What is the EIN of SARASOTA OPERA ASSOCIATION INC?
- The employer identification number (EIN) of SARASOTA OPERA ASSOCIATION INC is 23-7089047.
- Is SARASOTA OPERA ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to SARASOTA OPERA ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SARASOTA OPERA ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SARASOTA OPERA ASSOCIATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SARASOTA OPERA ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of SARASOTA OPERA ASSOCIATION INC?
- The 990 for the year ended May 31, 2025 names Richard A Russell.
- Who are the officers and directors of SARASOTA OPERA ASSOCIATION INC?
- The 990 for the year ended May 31, 2025 lists 31 people; 2 received compensation from the organization, the highest $325,139 (RICHARD RUSSELL, GENERAL DIRECTOR).
- How much revenue does SARASOTA OPERA ASSOCIATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $16,304,896, expenses of $10,554,868 and total assets of $36,969,853 at year end.
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