Eastern Opera Corp
Nonprofit profile at a glance
- EIN
- 454333621
- IRS 990 coverage
- 2015–2019
- Forms available
- Form 990 2019, Form 990-EZ 2013, Form 990-N 2012
- Location
- Warren, NJ, USA
- Phone
- 3474008567
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $13,299
- Expenses
- $26,664
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- KAROLE LEWIS (PRESIDENT)
- PETER LEWIS (VICE PRESIDENT)
People named in this filing
- KAROLE LEWIS (PRESIDENT)
- PETER LEWIS (VICE PRESIDENT)
- ROBERT BUTTS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To present the people of New Jersey the finest of grand opera and light opera; to give training and experience to musically talented individuals within the state of New Jersey and adjacent to New Jersey through particiation and productions and performance of operatic theater works; to educate both the participants and the public about operatic music and to promote the enjoyment of and to sponsor the performance of operatic compositions; and to give strength and support to the sale of tickets and assistance in money raising projects in support of eastern opera corp.
What it reported doing in 2019
Eatern opera corp. Is dedicated to providing education to young people. In each fully staged opera we have cast members ranging from 8 to 80 years old.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 17
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.3%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -100.5%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -19.1% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -23.4% per year; rating input score 0; 18th percentile among comparable filings
- Asset growth: -14.2% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.3% of spending went to programs
- Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $24K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2015 to 2019
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.