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Sarasota Opera Association
Sarasota Opera Association reported $16.3 million in revenue and $10.6 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $74.19 went to program services, $18.61 to management and general costs and $7.20 to fundraising. Its largest source of revenue was contributions and grants: 71.4% of the total. The highest compensation it reported for one person was $335,807 (GENERAL DIRECTOR). 2 people received more than $100,000 in reportable compensation. Revenue rose 98% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.2% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.6% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.2% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 71.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 22.2% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $335,807 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.18% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 2 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 32.9 | 36.6 |
| Independent voting board members Part VI 1a–1b | 29 of 30 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseIn 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| GENERAL DIRECTOR Officer, 50.0 hrs/week | $325,139 | $0 | $10,668 | $335,807 |
| DIRECTOR OF FINANCE Officer, 50.0 hrs/week | $117,070 | $0 | $10,343 | $127,413 |
2 people received more than $100,000 in reportable compensation from Sarasota Opera Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $575K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 29 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5144
- Volunteers Part I, line 6165
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| DERENZI & SUNDINE INC Artistic direction, stage direction, con | $589,277 |
| UNITED MECHANCIAL LLC Hvac installation and services | $400,982 |
| 7201 15TH STREET LLC Set warehouse storage | $312,993 |
| BIH ENT I SARASOTA LLC Costume warehouse storage | $185,770 |
| ROSEMARY SQUARE LLC CO RED PROPERTY MNGMT Common area maintenance for artist residences bldg | $170,102 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
34 private foundations reported grants to Sarasota Opera Association totaling $485K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Sarasota Opera Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Sarasota Opera Association, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Sarasota Opera Association spent in FY2025, $74.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Apollo Theater FoundationNew York, NY · revenue $16M · programs 72.1% · FY2025
- The Louisville OrchestraLouisville, KY · revenue $16M · programs 83.8% · FY2025
- Museum of New Mexico FoundationSanta Fe, NM · revenue $16M · programs 90.4% · FY2025
- Ford's Theatre SocietyWashington, DC · revenue $16M · programs 77.4% · FY2025
- The Luis a Ferre FoundationSan Juan, PR · revenue $16M · programs 36.7% · FY2025
All arts, culture & humanities charities · Largest charities in Florida
Questions people ask
How much of Sarasota Opera Association's spending goes to programs?
In the fiscal year ending May 31, 2025, Sarasota Opera Association reported that 74.2% of its $10.6 million in expenses went to program services, 18.6% to management and general and 7.2% to fundraising (Form 990, Part IX).
How much does Sarasota Opera Association pay its top executive?
The largest total compensation Sarasota Opera Association reported for one person in the fiscal year ending May 31, 2025 was $335,807, for the role of GENERAL DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Sarasota Opera Association get its money?
Of $16.3 million in revenue in the fiscal year ending May 31, 2025, 71.4% came from contributions and grants (including 0.6% from government grants) and 22.2% from program service revenue (Form 990, Part VIII).
Is Sarasota Opera Association a registered charity?
The IRS lists EIN 23-7089047 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202513579349301011 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202500369349301655 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202333529349300963 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202233509349301008 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202133549349300223 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202131039349300643 · read the filing
All filings for EIN 23-7089047: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.