2025-09-25T14:44:28-05:00 2024-06-30 061667465 PRAGER METIS CPAS LLC 1951 KIDWELL DRIVE SUITE 200 TYSONS CORNER VA 22182 990 2023-07-01 202533756 OPERA CAROLINA ENDOWMENT OPER 7043327177 1600 ELIZABETH AVE CHARLOTTE NC 28204 JAMES MEENA PRESIDENT 7043327177 2025-09-25 1 0 HIN CHIU LO P00968200 7038210702 2025-09-24 2023 2025-03-06 01:10:19Z JAMES MEENA 1600 ELIZABETH AVE CHARLOTTE NC 28204 268064 0 X WWW.OPERACAROLINA.ORG X 2004 NC TO SUPPORT THE ONGOING EDUCATIONAL AND CULTURAL ACTIVITIES OF OPERA CAROLINA. 8 7 0 7 0 0 23513 0 0 0 38399 268064 0 0 61912 268064 69457 318007 0 0 0 0 0 0 0 80750 13670 150207 331677 -88295 -63613 4076497 3902772 0 0 4076497 3902772 TO SUPPORT THE ONGOING EDUCATIONAL AND CULTURAL ACTIVITIES OF OPERA CAROLINA. 0 0 318007 318007 MANAGED THE INVESTMENTS OF OPERA CAROLINA'S ENDOWMENT IN A FISCALLY SOUND MANNER TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR PROGRAMS AND OPERA PRODUCTIONS. 318007 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JAMES MEENA 7043327177 1600 ELIZABETH AVE CHARLOTTE NC 28204 THOMAS HUGHES DIRECTOR 1.00 X 0 0 0 C WELLS HALL III SECRETARY 1.00 X 0 0 0 STEPHEN PHILIPSON DIRECTOR 1.00 X 0 0 0 BROOKS CAREY DIRECTOR 1.00 X 0 0 0 FRANK BONCIMINO DIRECTOR 1.00 X 0 0 0 W THAD ADAMS III DIRECTOR 1.00 X 0 0 0 GEORGE EDMISTON DIRECTOR 1.00 X 0 0 0 JAMES MEENA PRESIDENT 1.00 40.00 X 0 77393 0 0 77393 0 0 0 0 0 0 29807 29807 238257 0 238257 238257 238257 268064 238257 0 29807 318007 318007 INVESTMENT EXPENSE 13670 13670 331677 318007 13670 0 127173 39638 2223682 2858683 1725642 1004451 4076497 3902772 0 0 X 363368 189643 3713129 3713129 4076497 3902772 4076497 3902772 -63613 -92661 -17451 0 X 0 0 0 X X 1 OPERA CAROLINA 566019660 7 1 318007 0 1 318007 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1830736 175403 13670 1992469 1715914 6513 144061 21898 13854 1830736 1907769 32514 -187215 22230 14924 1715914 1384243 200000 358555 22067 12962 1907769 1021310 400000 -6762 23010 7295 1384243 0.08913 0.32511 0.58576 0 1 1 0 X PART X, LINE 2: OPERA CAROLINA ENDOWMENT IS A NOT-FOR-PROFIT CORPORATIONS THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES IS REQUIRED. THE ENDOWMENT USES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS, INCLUDING TAX-EXEMPT STATUS, TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS: THE ENDOWMENT INVESTMENTS ARE USED TO MAXIMIZE THE FUNDS AVAILABLE TO OPERA CAROLINA FOR EDUCATIONAL PROGRAMS AND OPERA PRODUCTIONS. 1 OPERA CAROLINA 1600 ELIZABETH AVE CHARLOTTE NC 28204 566019660 501(C)(3) 318007 0 FMV SUPPORT OPERA PROGRAM PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE CFO REVIEWS INCOMING GRANTS AND PREPARES AN OPERATING BUDGET FOR THE ENDOWMENT. THE OPERATING BUDGET IS THEN REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990, THE CHIEF FINANCIAL OFFICER REVIEWS THE 990. THE DOCUMENT IS THEN REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL DISCOLSURE OF ANY CONFLICT OF INTEREST AND REMINDS AND EDUCATES BOARD MEMBERS OF THEIR DUTY TO DISCLOSE ANY CONFLICT OF INTEREST. VENDORS ARE REVIEWED TO ENSURE NO KNOWN CONFLICT EXISTS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MAY BE EXAMINED UPON REQUEST AT THE OFFICE LOCATION. OPERA CAROLINA 1600 ELIZABETH AVE CHARLOTTE NC 28204 566019660 SEE SCH. O NC 501(C)(3) LINE 7 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 OPERA CAROLINA O 77393 REPORTED COMPENSATION OPERA CAROLINA D 635000 ACTUAL CASH TRANSFER OPERA CAROLINA B 318007 ACTUAL CASH TRANSFER PART II, LINE 1, COLUMN B: OPERA CAROLINA'S MISSION IS TO INSPIRE AND ENTERTAIN THE REGION'S DIVERSE COMMUNITY THROUGH THE PRESENTATION OF EXCELLENT OPERA, OPERETTA, MUSIC THEATRE AND EDUCATION OUTREACH PROGRAMS THAT ELEVATE THE QUALITY OF LIFE IN THE CAROLINAS.