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Banff Centre for Arts and Creativity
Inspiring creativity
Arts & Culture
Banff, AB

Opera Atelier

157 King St. E., St. Lawrence Hall, 4th Fl.
Toronto, ON M5C1G9
Acting Executive Director: Alexandra Skoczylas
Board Chair: Laura Money

Website: www.operaatelier.com
Charitable Reg. #: 12859 0817 RR0001
Sector: Arts & Culture
Operating Charity

Results Reporting

Grade: D

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only upon request [Audited financial statement for most recent year]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to the Cause

95¢
75¢
avg
65¢
50¢
2016 2017 2018
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Full-time staff #9

Avg. Compensation $205,949

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 1
$40k - $80k 6
< $40k 2
Information from most recent CRA Charities Directorate filings for F2018

About Opera Atelier:

In 1985, Opera Atelier (OA) was founded by two dancers, Marshall Pynkoski and Jeannette Lajeunesse Zingg in Toronto. Opera Atelier is a world leader in the rediscovery and revitalization of period opera and ballet, particularly works from the Baroque era. OA achieves its period theme by featuring original instruments, elaborate stage décor and costumes. OA is committed to promoting the fusion of opera, ballet and drama, not only in Canada but also abroad.  Through touring, OA has introduced baroque opera to Japan, Korea and Singapore.  Most notably, in 1995, the company performed at the inauguration of the restored opera house at Chateau Versailles, France.  OA has shaped the careers of artists such as Russell Braun and Measha Brueggergosman. 

Since 1996, Opera Atelier’s Making of an Opera program has annually given over 1,000 young people a one-day opportunity to learn about, participate in, and experience the magic of opera, completely free of charge. OA explains that through an interactive workshop environment, school groups of students aged 12-18 can work with the professional team behind its productions to explore every aspect of opera.  

Financial Review:

Opera Atelier is a medium-sized charity, with donations of $1.4m in F2018. OA also received $518k from government funding and $756k from service fees (ticket sales) in F2018. Administrative costs are 20% of revenues (excluding investment income), and fundraising costs are 7% of donations. For every dollar donated, 73 cents go to the cause, which is within Ci’s reasonable range for overhead spending.   

The charity has funding reserves of $318k, which can cover annual program costs for just under two months. Total funding reserves include a $209k Endowment Fund managed by Ontario Arts Foundation ($204k in F2017, $198k in F2016). Ci did not exclude these amounts when calculating program cost coverage because the audited financials do not disclose whether the funds are board- or donor-endowed.  

This charity report is an update that has been sent to Opera Atelier for review. Changes and edits may be forthcoming.

Updated on May 29, 2019 by Parker Thomlinson.

Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 19.7%17.9%17.1%
Fundraising costs as % of donations 7.2%7.6%10.3%
Program cost coverage (%) 15.8%13.3%12.9%

Summary Financial Statements

All figures in $s
201820172016
Donations 1,425,2551,421,8281,510,842
Government funding 517,574703,590715,560
Fees for service 756,359894,551931,844
Investment income 13,90515,672(819)
Other income 24,39017,09128,527
Total revenues 2,737,4833,052,7323,185,954
Program costs 2,014,8392,362,7772,381,330
Administrative costs 537,242543,813546,037
Fundraising costs 102,810108,283156,283
Other costs 22,53612,18414,733
Cash flow from operations 60,05625,67587,571
Funding reserves 318,496313,945307,394
Note: Opera Atelier’s Endowment Fund, managed by Ontario Arts Foundation, generated investment income not reported in the charity’s income statement. Ci recognized this income net of management fees in investment income, affecting total revenues by $13.9k in F2018, $15.7k in F2017, and ($1k) in F2016. Administrative costs reported in Ci’s analysis come from the charity’s T3010 CRA filings, less interest expenses (which are reported in other costs).  

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