The Opera Foundation Inc

EIN: 133377138 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$170,550
Total Expenses
$160,952
Total Assets
$82,987
Net Assets
$75,237
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
Bernhard Koepp
Phone
2126648843
Tax Period
2023-07-01 to 2024-06-30

The Opera Foundation Inc, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $171K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $161K left a modest 6% surplus.

Mission

Program for American Artists to train and perform in premier opera houses in Europe, and to support tours of European Opera Houses in the United States.

Program Service Accomplishments

Program 1
Expenses: $138,550 Revenue: $170,550

Program to provide scholarships to American artists to train and perform in premier opera houses in Europe, and to support European Opera Houses touring the United States.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $170,550
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $170,550

Expense Breakdown

Grants Paid $134,050
Salaries & Benefits $12,718
Fundraising Expenses $0
Program Expenses $138,550
Other Expenses $14,184
TOTAL EXPENSES $160,952

Year-over-Year Comparison

2023 2022 Change
Revenue $170,550 $113,841 +0.5%
Expenses $160,952 $124,316 +0.3%
Net Income $9,598 $-10,475 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$12,000
Total Directors
3
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bernhard Koepp President 4.00
Officer Director
$0 $0 $0
Elizabeth Walbroel Exec. Director 10.00
Officer Director
$0 $12,000 $12,000
Sherif Lotfi Treasurer 3.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $170,550 $160,952 $82,987 $9,598
2023 $113,841 $124,316 $73,237 $-10,475
2022 $126,898 $116,753 $83,512 $10,145
2021 $106,011 $124,222 $72,967 $-18,211
2020 $96,333 $93,941 $90,978 $2,392
2019 $81,803 $93,128 $88,286 $-11,325
2018 $57,010 $82,465 $99,611 $-25,455
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