FLORENTINE OPERA COMPANY INC

EIN: 391098132 501(c)(3) Arts, Culture & Humanities

MILWAUKEE, WI

Total Revenue
$4,190,595
Total Expenses
$3,546,942
Total Assets
$8,026,236
Net Assets
$7,583,878
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
WI
Principal Officer
MAGGEY OPLINGER
Phone
4142915700
Tax Period
2024-07-01 to 2025-06-30

FLORENTINE OPERA COMPANY INC, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $644K, a strong 15% operating margin.

Mission

THE FLORENTINE OPERA COMPANY IS DRIVEN TO PRODUCE THE FULL RANGE OF OPERATIC WORKS REFLECTING THE HIGHEST MUSICAL AND THEATRICAL STANDARDS, AND TO SUPPORT COMMUNITY AND EDUCATION PROGRAMS THAT FOSTER THE CURRENT AND NEXT GENERATION OF OPERA AUDIENCES AND PRACTITIONERS.

Program Service Accomplishments

Program 1
Expenses: $2,660,959 Revenue: $400,885

MAINSTAGE OPERA ACHIEVEMENTS: ARTISTIC EXCELLENCE: THE FLORENTINE OPERA PRESENTS HIGH-QUALITY PRODUCTIONS, OFTEN FEATURING RENOWNED ARTISTS AND INNOVATIVE STAGING, WHICH ELEVATES THE CULTURAL...

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MAINSTAGE OPERA ACHIEVEMENTS: ARTISTIC EXCELLENCE: THE FLORENTINE OPERA PRESENTS HIGH-QUALITY PRODUCTIONS, OFTEN FEATURING RENOWNED ARTISTS AND INNOVATIVE STAGING, WHICH ELEVATES THE CULTURAL LANDSCAPE OF THE COMMUNITY. DIVERSE REPERTOIRE: THE PROGRAM INCLUDES A MIX OF CLASSIC AND CONTEMPORARY OPERAS, APPEALING TO A WIDE AUDIENCE AND PROMOTING THE ART FORM. COMMUNITY ENGAGEMENT: THROUGH OUTREACH INITIATIVES, THE MAINSTAGE PRODUCTIONS ENGAGE DIVERSE COMMUNITY GROUPS, FOSTERING A LOVE FOR OPERA AMONG NEW AUDIENCES. THE ORGANIZATION ALLOCATES A SIGNIFICANT PORTION OF ITS BUDGET TO MAINSTAGE PRODUCTIONS, RECEIVING GRANTS FROM LOCAL ARTS COUNCILS AND PRIVATE FOUNDATIONS. NO FOREIGN GRANTS ARE INCLUDED IN THIS PROGRAM.ARTISTIC DEVELOPMENT ACHIEVEMENTS:EMERGING ARTIST PROGRAMS: THE FLORENTINE OPERA SUPPORTS EMERGING ARTISTS THROUGH THE BAUMGARTNER STUDIO ARTIST PROGRAM AND SUMMER STUDIO ENSEMBLE, PROVIDING THEM WITH ESSENTIAL PERFORMANCE EXPERIENCE AND PROFESSIONAL TRAINING.THIS PROGRAM RECEIVES FUNDING THROUGH GRANTS SPECIFICALLY AIMED AT ARTIST DEVELOPMENT AND TRAINING INITIATIVES. NO FOREIGN GRANTS ARE INCLUDED IN THIS CATEGORY.EACH OF THESE PROGRAMS PLAYS A VITAL ROLE IN FULFILLING THE FLORENTINE OPERA'S MISSION, CONTRIBUTING TO THE ARTS COMMUNITY, AND PROMOTING THE GROWTH OF OPERA. THE ORGANIZATION REPORTS RELEVANT FINANCIAL INFORMATION AS REQUIRED BY IRS REGULATIONS, ENSURING TRANSPARENCY IN ITS OPERATIONS.

Program 2
Expenses: $305,530 Revenue: $58,829

THE FLORENTINE OPERA COMPANY'S PROGRAMS REACH A BROAD SPECTRUM OF INDIVIDUALS THROUGHOUT METRO MILWAUKEE, SOUTHEASTERN WISCONSIN, AND BEYOND. LAST YEAR, OUR EDUCATIONAL TOUR WAS OFFERED IN A DIGITAL...

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THE FLORENTINE OPERA COMPANY'S PROGRAMS REACH A BROAD SPECTRUM OF INDIVIDUALS THROUGHOUT METRO MILWAUKEE, SOUTHEASTERN WISCONSIN, AND BEYOND. LAST YEAR, OUR EDUCATIONAL TOUR WAS OFFERED IN A DIGITAL FORMAT AN REACHED OVER 70,000 HOUSEHOLDS. THE COMPANY PROVIDES A VITAL ADDITION TO LOCAL ARTS EDUCATION--BOTH IN THE CLASSROOM AND ON THE STAGE. THE FLORENTINE OPERA COMPANY'S EDUCATION DEPARTMENT IS COMMITTED TO PROVIDING EDUCATORS WITH OPPORTUNITIES TO UTILIZE OPERA TO MEET EDUCATIONAL STANDARDS, AS WELL AS TO ENHANCE LEARNING FOR ALL STUDENTS. EDUCATION PROGRAMS ACHIEVEMENTS:YOUTH ENGAGEMENT: THE EDUCATION PROGRAMS OFFER WORKSHOPS, MASTERCLASSES, AND PERFORMANCES FOR ALMOST 10,000 WISCONSIN STUDENTS, ENHANCING THEIR UNDERSTANDING AND APPRECIATION OF OPERA AND THE PERFORMING ARTS.PARTNERSHIPS WITH SCHOOLS: COLLABORATIONS WITH LOCAL SCHOOLS PROVIDE STUDENTS WITH OPPORTUNITIES TO PARTICIPATE IN OPERATIC PRODUCTIONS, FOSTERING ARTISTIC SKILLS AND TEAMWORK.SCHOOL TOUR: THE FLORENTINE OPERA TAKES A REDUCED OPERA INTO LOCAL SCHOOLS, BRINGING OPERA LIVE TO 8,701 STUDENTS THROUGH 37 PERFORMANCES AND 26 RESIDENCY VISITS AT 66 SCHOOLS. THE VIDEO IS SHARED WITH ALL OF MPS (70,000 STUDENTS, 156 SCHOOLS).FUNDING FROM EDUCATIONAL GRANTS AND PARTNERSHIPS SUPPORTS THESE INITIATIVES, WITH ALLOCATIONS DIRECTED TOWARDS PROGRAM DEVELOPMENT. THERE ARE NO FOREIGN GRANTS REPORTED IN THIS AREA.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,153,123
Program Service Revenue $459,714
Investment Income $1,576,332
Other Revenue $1,426
TOTAL REVENUE $4,190,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,013,797
Fundraising Expenses $166,118
Program Expenses $2,966,489
Other Expenses $1,533,145
TOTAL EXPENSES $3,546,942

Year-over-Year Comparison

2024 2023 Change
Revenue $4,190,595 $2,846,186 +0.5%
Expenses $3,546,942 $3,415,280 +0.0%
Net Income $643,653 $-569,094 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
44
Volunteers
37

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
12
$242,605
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DAVID PARIS PRESIDENT 2.00
Officer Director
$0 $0 $0
CATHERINE COSTANTINI PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
ADAM ARNDT PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
JAN WADE VP OF FINANCE & TREASURER 2.00
Officer Director
$0 $0 $0
KRISTA HANSEN VP OF MARKETING & AUDIENCE 2.00
Officer Director
$0 $0 $0
WENDY BURKE VP OF DEVELOPMENT 2.00
Officer Director
$0 $0 $0
SARAH DAMSGAARD VP OF EDUCATION 2.00
Officer Director
$0 $0 $0
MARK CAMELI CO-CHAIR REFLECTING MKE 2.00
Officer Director
$0 $0 $0
LASHONDA HILL CO-VP GOVERNANCE AND REFLECTING MKE 2.00
Officer Director
$0 $0 $0
WAYNE LUEDERS SECRETARY 2.00
Officer Director
$0 $0 $0
LYNNE DIXON-SPELLER DIRECTOR 2.00
Director
$0 $0 $0
ERIC HAMME DIRECTOR 2.00
Director
$0 $0 $0
ROBERT SOBCZAK DIRECTOR 2.00
Director
$0 $0 $0
MARION GOTTSCHALK DIRECTOR 2.00
Director
$0 $0 $0
ROBERTA BREHM DIRECTOR 2.00
Director
$0 $0 $0
JOHN EASTBERG DIRECTOR 2.00
Director
$0 $0 $0
CHRISTINE SMYTH DIRECTOR 2.00
Director
$0 $0 $0
MAGGEY OPLINGER GENERAL DIRECTOR & CEO 40.00
Officer
$158,659 $0 $158,659
CAMILLE YIP FINANCE & HR MANAGER 40.00
Officer
$83,371 $575 $83,946
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 $4,190,595 $3,546,942 $8,026,236 $643,653
2024 $2,846,186 $3,415,280 $8,231,772 $-569,094
2023 $2,842,076 $2,875,330 $8,307,289 $-33,254
2022 $5,457,526 $2,789,932 $7,598,617 $2,667,594
2021 $3,209,487 $1,634,041 $5,920,744 $1,575,446
2020 $2,912,053 $2,263,542 $3,633,215 $648,511
2019 $3,771,298 $2,667,889 $3,078,813 $1,103,409
2018 $3,047,860 $3,254,646 $3,235,712 $-206,786
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