Island City Opera
Nonprofit profile at a glance
- EIN
- 465133609
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2014
- Location
- Alameda, CA, USA
- Phone
- 5102638060
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $144,155
- Expenses
- $125,898
- Assets
- $60,568
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- EILEEN MEREDITH (EXECUTIVE DIRECTOR, BOARD MEMBER)
People named in this filing
- ROBERT BOYD (CHAIRMAN OF THE BOARD, EXEC PROD)
- EILEEN MEREDITH (EXECUTIVE DIRECTOR, BOARD MEMBER)
- SUSAN DUNN (BOARD MEMBER, PRODUCER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Island city opera is committed to bringing high-qualifty, professional opera productions to alameda and the east bay community in an intimate setting at affordable prices so that veteran opera-goers and newcomers alike can be immersed in the excitement and wonder of opera, up closewe present the established masterpieces, the rare gems and the exotic creations to broaded the experience of opera. We are a showcase for talented working artists, and young, developing artists and techincal theater personnel. We hire students from our community to give them their first taste of technical theater, and a great early work epxerience.
What it reported doing in 2018
Produced 2 opera works, 8 performances, 1600 audience members including free attendance for under-privileged youth from oakland, technical theater training for 17 youth under 21 years of age
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and the available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 60
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.8%; rating input score 81
- Program expense ratio: 92.5%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.7%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 80.8% of revenue deployed · 92.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $116K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.