Underworld Opera Company
Nonprofit profile at a glance
- EIN
- 943083848
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Oakland, CA, USA
- Phone
- 5107631146
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $19,995
- Expenses
- $46,078
- Assets
- $8,225
- Liabilities
- $188,366
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JO VINCENT PARKS (PRESIDENT)
- MIA ANASTASIA DEAN (EXECUTIVE DIRECTOR)
People named in this filing
- JO VINCENT PARKS (PRESIDENT)
- STEVEN SNIDER (TREASURER)
- LISA MARIE BOLIN (SECRETARY)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Underworld opera co. Presents public productions and performances of artistic and cultural merit, and educational value. Makes music, opera, theater and performance more accessible to all ages and cultures. Provides oakland with a performing arts center that embodies the unique and vital spirit of our community.
What it reported doing in 2024
In FY 2023 - 2024 The organization continued to produce large music festivals to great success. Our October performances were entitled: Underworld Opera Company presents: California Deathfest VII. We produced 4 + performances at Sweet's Historic Ballroom in downtown Oakland in collaboration with the Oakland School for the Arts, to the benefit of both organizations.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- 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. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 82
- Sustainability: 14
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72%; rating input score 72
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -130.4%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 22.9; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -5.7% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: -6.8% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.