Better Business Bureau Report for
Grand 1894 Opera House

Better Business Bureau Report issued September 2012
Better Business Bureau Report expires September 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Grand 1894 Opera House
Address: 2020 Postoffice St.
  Galveston, TX 77550
Phone: 409-763-7173
Web Address: www.thegrand.com
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Better Business Bureau Comments

Year, State Incorporated: 1986, Texas
Affiliates: None
Stated Purpose: The mission of The Grand 1894 Opera House is to sponsor and promote educational and cultural programs and activities for the residents of Galveston, Texas and adjacent communities and maintain the physical facilities held in deed.

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Evaluation Conclusions

               

Grand 1894 Opera House meets the 20 Standards for Charity Accountability.
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Programs

               

The Grand fulfills its mission through the following goals: 1. Present high-quality touring artists in theatre, music, dance, opera, children's programming, and other performance genres that engage and enrich the lives of diverse communities. 2. Restore, improve, and manage the historic Grand 1894 Opera House complex, (which includes the theatre and the attached apartment building) as a leading performance venue, meeting current and evolving needs of performing artists and audiences. 3. Pursue partnerships and collaborations that assist in bolstering the Galveston economy. 4. Foster best business practices as befits The Grand 1894 Opera House. In the 2009-2010 season, over 80,000 patrons attended events.

For the fiscal year ended August 31, 2011, Grand 1894 Opera House's program expenses were:

  
Productions 3,054,268
Rentals 644,158
Concessions 40,232
Total Program Expenses: $3,738,658
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Governance

               

Chief Executive : Maureen M. Patton, Executive Director
Compensation*: 
 120,029

Chair of the Board: Andrea P. Sunseri
Chair's Profession / Business Affiliation: Realtor, Sand N Sea Properties

Board Size: 29

Paid Staff Size: 16

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $1,247,120, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Grand 1894 Opera House's audited financial statements for the fiscal year ended August 31, 2011.

Source of Funds  
Total revenue 2,590,869
Temporarily restricted: Remediation income 1,288,042
Total public support 914,610
Temporarily restricted: Contributions 236,670
Permanently restricted support and revenue 159,137
Temporarily restricted: Capital campaign fund 95,840
Total Income $5,285,168


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Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 3%  Administrative: 7% 

Total income $5,285,168
Program expenses $3,738,658
Fund raising expenses 143,292
Administrative expenses 286,477
Total expenses $4,168,427
Income in Excess of Expenses 1,116,741
Beginning net assets 7,808,290
Ending net assets 8,925,030
Total liabilities 2,276,857
Total assets $11,201,887


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Complaints

               

<p>0 complaint(s) closed with BBB in the last 3 years. 0 complaint(s) closed in the last 12 months.</p>

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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