OPERA FESTIVAL OF CHICAGO INC

EIN: 842527440 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$310,119
Total Expenses
$301,329
Total Assets
$2,997
Net Assets
$2,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IL
Phone
3125601072
Tax Period
2022-10-01 to 2023-09-30

OPERA FESTIVAL OF CHICAGO INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $310K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To present world-class standard productions of Italian opera masterpieces in Chicago that rarely grace the stage in the United States.

Program Service Accomplishments

Program 1
Expenses: $140,619 Revenue: $18,075

Presented two performances of the fully-staged opera Attila by Giuseppe Verdi. The production performed at Evanston's Cahn Auditorium featured a cast of professional singers from around the world...

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Presented two performances of the fully-staged opera Attila by Giuseppe Verdi. The production performed at Evanston's Cahn Auditorium featured a cast of professional singers from around the world accompanied by a professional orchestra.

Program 2
Expenses: $111,921 Revenue: $19,159

Presented two performances of the fully-staged opera Murder in the Cathedral by Ildebrando Pizzetti. The production performed at the Chicago Temple featured a cast of professional singers from around...

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Presented two performances of the fully-staged opera Murder in the Cathedral by Ildebrando Pizzetti. The production performed at the Chicago Temple featured a cast of professional singers from around the world accompanied by a professional orchestra.

Program 3
Expenses: $13,245 Revenue: $5,410

Festival artists presented An Italian Soiree featuring music inspired by our season theme of Power Glory and Betrayal. Famous arias duets and trios alternated with instrumental music inspired by some...

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Festival artists presented An Italian Soiree featuring music inspired by our season theme of Power Glory and Betrayal. Famous arias duets and trios alternated with instrumental music inspired by some of the greatest Italian operas of all times and performed on piano flute and accordion by three great virtuosi of these instruments.

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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 (2022)

Revenue Breakdown

Contributions & Grants $267,475
Program Service Revenue $42,644
Investment Income $0
Other Revenue $0
TOTAL REVENUE $310,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,388
Fundraising Expenses $148
Program Expenses $273,402
Other Expenses $102,941
TOTAL EXPENSES $301,329

Year-over-Year Comparison

2022 2021 Change
Revenue $310,119 $270,821 +0.1%
Expenses $301,329 $279,625 +0.1%
Net Income $8,790 $-8,804 -2.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
20

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
$0
Total Directors
7
$0
Key Employees
3
$22,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frank DeVincentis Chair 1.00
Officer Director
$0 $0 $0
Laura Pils Secretary 1.00
Officer Director
$0 $0 $0
Tim Corpus Treasurer 1.00
Officer Director
$0 $0 $0
Sasha Gerritson Interim General Director 5.00
Director
$0 $0 $0
Robert Massey General Director 10.00
Key Emp
$12,000 $0 $12,000
Ray Frick Director 1.00
Director
$0 $0 $0
Carl Larenz Director 1.00
Director
$0 $0 $0
Gregory Sarlo Director 1.00
Director
$0 $0 $0
Emanuele Andrizzi Music Director 10.00
Key Emp
$6,000 $0 $6,000
Franco Pomponi Artistic Director 10.00
Key Emp
$4,000 $0 $4,000
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
2023 $310,119 $301,329 $2,997 $8,790
2023 $457,892 $458,049 $12,840 $-157
2022 $270,821 $279,625 $29,207 $-8,804
2021 $195,694 $192,683 $13,011 $3,011
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