Opera Atelier
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About Opera Atelier:
Opera Atelier is a 1-star charity. It has reasonable overhead costs and funding reserves. However, it is not financially transparent and has a below average results reporting grade. Before you give, read Charity Intelligence's report.
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.
This is Charity Intelligence's most recent profile on Opera Atelier. Ci requested Opera Atelier's most recent financial statements but did not receive them. The information in this profile reflects F2018.
August 31, 2022.
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Results and Impact
Charity Intelligence was unable to find any quantified outcomes on Opera Atelier's website. This may not be a complete representation of Opera Atelier's results and impact.
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Finances
Opera Atelier is a medium-sized charity, with donations of $1.4m in F2018. OA also received $518k from government funding and $756k from 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.
Our standard procedure for calculating average compensation of full time employees is to divide total compensation on full time staff by the number of full time staff, resulting in a value of $206k (values gathered from CRA). However, charity reported to CRA that the highest employee was paid up to $120k. Meaning our compensation values may appear skewed.
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 Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
---|---|---|---|
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 StatementsAll figures in $s |
2018 | 2017 | 2016 |
---|---|---|---|
Donations | 1,425,255 | 1,421,828 | 1,510,842 |
Government funding | 517,574 | 703,590 | 715,560 |
Fees for service | 756,359 | 894,551 | 931,844 |
Investment income | 13,905 | 15,672 | (819) |
Other income | 24,390 | 17,091 | 28,527 |
Total revenues | 2,737,483 | 3,052,732 | 3,185,954 |
Program costs | 2,014,839 | 2,362,777 | 2,381,330 |
Administrative costs | 537,242 | 543,813 | 546,037 |
Fundraising costs | 102,810 | 108,283 | 156,283 |
Other costs | 22,536 | 12,184 | 14,733 |
Cash flow from operations | 60,056 | 25,675 | 87,571 |
Funding reserves | 318,496 | 313,945 | 307,394 |
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).
Salary Information
$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
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Comments & Contact
Comments added by the Charity:
Charity Contact
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