CHICAGO FRINGE OPERA

EIN: 812861492 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$69,031
Total Expenses
$74,005
Total Assets
$44,789
Net Assets
$44,789
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
Laura Smalley
Phone
7733123930
Tax Period
2021-07-01 to 2022-06-30

CHICAGO FRINGE OPERA, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum.

Mission

Chicago Fringe Opera (CFO) is dedicated to presenting innovative vocal works with an emphasis on new and contemporary styles, engaging with the Chicago community through intimate and immersive performance experiences, and fostering and empowering local artists. CFO performs classical vocal and chamber music through various staged and produced performances, and provides education on the artform. Performances include two mainstage operatic productions, 1-2 recitals, and other performances and community building events throughout the year. In our FY22 (tax year 2021), we moved to a hybrid model producing live performances, streaming filmed versions of live performances, as well as digital film content.

Program Service Accomplishments

Program 1
Expenses: $22,203 Revenue: $9,509

TWO REMAIN (March 2022): Continuing our biographical season is American composer Jake Heggie and his 'Year in Chicago' with the Chicago premiere of his latest opera (created with librettist Gene...

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TWO REMAIN (March 2022): Continuing our biographical season is American composer Jake Heggie and his 'Year in Chicago' with the Chicago premiere of his latest opera (created with librettist Gene Scheer) based on the separate journals of two Holocaust survivors: Krystyna Zywulska and Gad Beck. The two stories are joined by the shared trauma of war, loss, and forcefully hiding one's identity to endure unimaginable horrors. This production, also delayed by the pandemic, represents a triumph in the artistic execution that CFO is capable of delivering. The production ran for 4 live performances - two of which were sold out - with one performance filmed for digital release after closing. This production was sponsored by an Anonymous Donor and a $2,000 grant from the Cliff Dwellers Arts Foundation.

Program 2
Expenses: $15,547 Revenue: $946

THE WIDOW'S WILL (October 2021): As part of our ongoing partnership with the Decameron Opera Coalition, this camera opera is part of a collection of original film tributes to unsung American heroes...

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THE WIDOW'S WILL (October 2021): As part of our ongoing partnership with the Decameron Opera Coalition, this camera opera is part of a collection of original film tributes to unsung American heroes. CFO's work celebrates the life and work of the mother of the environmental rights movement, activist Hazel M. Johnson. "The Widow's Will" highlights Johnson's struggle against the City of Chicago to bring attention to the toxic pollution of the Altgeld Gardens community. The film considers her legacy today, as well the effects of politics and racism on her work, ending with a call to action for audiences to continue her environmental activism. This film is produced in grateful collaboration with the People for Community Recovery, the non-profit environmental organization founded by Johnson.

Program 3
Expenses: $10,050 Revenue: $0

ROSINA REMIXED! (June 2022): Returning to the Pivot Arts Festival where it performed to sold-out crowds in 2019, The Rosina Project family presents ROSINA: REMIXED! The team behind the hip-hopera...

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ROSINA REMIXED! (June 2022): Returning to the Pivot Arts Festival where it performed to sold-out crowds in 2019, The Rosina Project family presents ROSINA: REMIXED! The team behind the hip-hopera inspired by The Barber of Seville celebrates coming back together with hit tracks and dance numbers from the original production, plus newly created solo material from the team's collection of artists. Created in collaboration with BraveSoul Movement, presented as part of the 2022 Pivot Arts Festival. CFO received a $10,000 grant to fund the project.

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Trantor Score

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $45,076
Program Service Revenue $23,955
Investment Income $0
Other Revenue $0
TOTAL REVENUE $69,031

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,225
Fundraising Expenses $585
Program Expenses $52,374
Other Expenses $24,780
TOTAL EXPENSES $74,005

Year-over-Year Comparison

2021 2020 Change
Revenue $69,031 $34,500 +1.0%
Expenses $74,005 $23,563 +2.1%
Net Income $-4,974 $10,937 -1.5%
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
5
Independent Members
5
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
3
$3,600
Key Employees
4
$4,100
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Smalley Executive Director 20
Director Key Emp Highest
$1,600 $0 $1,600
George Cederquist Producing Artistic Director 20
Director Key Emp
$1,000 $0 $1,000
Catherine OShaughnessy Music Director 20
Director Key Emp
$1,000 $0 $1,000
Jennifer Schuler Marketing, Brand, & Web Director 5
Key Emp
$500 $0 $500
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
2022 $69,031 $74,005 $44,789 $-4,974
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