Boston Lyric Opera Company
- Assets
- $24.5m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 251
- Location
- Boston, MA
- Founding
- 11/1970
- Data as of
- 06/2021
- EIN
- 04-2469627
Organization Overview
Boston Lyric Opera Company is located in Boston, MA. The organization was established in 1970. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Boston Lyric Opera Company employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Lyric Opera Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Boston Lyric Opera Company generated $7.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BOSTON LYRIC OPERA IS TO BUILD CURIOSITY, ENTHUSIASM, AND SUPPORT FOR OPERA BY CREATING MUSICALLY AND THEATRICALLY COMPELLING PRODUCTIONS, EVENTS, AND EDUCATIONAL RESOURCES FOR OUR COMMUNITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON LYRIC OPERA COMPANY (BLO) IS A MASSACHUSETTS NONPROFIT INSTITUTION INCORPORATED IN 1976. BLO IS NEW ENGLAND'S LARGEST AND LONGEST ESTABLISHED OPERA COMPANY. CELEBRATED FOR ITS ARTISTIC EXCELLENCE AND DIVERSE REPERTOIRE, BLO'S MISSION IS TO BUILD CURIOSITY, ENTHUSIASM AND SUPPORT FOR OPERA BY CREATING MUSICALLY AND THEATRICALLY COMPELLING PRODUCTIONS AND EVENTS, AND TO PROVIDE EDUCATIONAL RESOURCES FOR THE BOSTON COMMUNITY AND BEYOND.BLO'S LONG-TERM SUCCESS IS ROOTED IN ITS COMMITMENT TO OFFERING THE HIGHEST CALIBER PRODUCTIONS OF BOTH CLASSIC AND CONTEMPORARY OPERAS; PROVIDING AN INTERNATIONALLY RENOWNED PLATFORM ON WHICH EMERGING ARTISTS CAN GROW AND DEVELOP; ENGAGING NEW AND DIVERSE AUDIENCES. THROUGH INNOVATIONS IN TECHNOLOGY, OURTEACH AND STRATEGIC COMMUNICATIONS; AND BY OFFERING COLLABORATIVE EDUCATION AND COMMUNITY EVENTS BOTH ON ITS OWN AND IN PARTNERSHIP WITH OTHER WORLD-LEADING, BOSTON-BASED CULTURAL INSTITIONS. THROUGH THE WHOLE OF ITS EFFORTS, BLO ACHIEVES ITS MISSION BY ENSURING THE AVAILABILITY AND ACCESSIBILITY OF ONE OF THE WORLD'S GREATEST AND OLDEST ART FORMS FOR GENERATIONS TO COME.EACH SEASON, BLO REACHES ANNUAL AUDIENCES OF MORE THAN 20,000 PEOPLE THROUGH THE PRESENTATION OF FOUR ON-STAGE PRODUCTIONS AND A VARIETY OF COMMUNITY OUTREACH PROGRAMS. IN FISCAL YEAR 2021, BLO PRESENTED LIVE PERFORMANCES ON ITS STREET STAGE AT LOCATIONS AROUND THE GREATER BOSTON AREA, INCLUDING THE MUSEUM OF FINE ARTS, THE ROSE KENNEDY GREENWAY, FRUITLANDS MUSEUM, INQUILINOS BORICUAS EN ACCIN, DECORDOVA SCUPLTURE PARK AND MUSEUM, AND MASSACHUSETTS GENERAL HOSPITAL. BLO ALSO LAUNCHED A STREAMING PLATFORM, OPERABOX.TV, TO PRODUCE AND PRESENT OPERA MADE FOR THE SCREEN, EXPANDING THE COMPANY'S REACH TO INCLUDE AUDIENCES WORLWIDE.
BOSTON LYRIC OPERA'S EDUCATION AND COMMUNITY PROGRAMS ARE CENTRAL TO BLO'S MISSION OF ENGAGING NEW AND DIVERSE AUDIENCES IN THE LIVING ART OF OPERA. BLO'S PROGRAMS PROVIDE VALUABLE LEARNING AND CURRICULUM RESOURCES FOR TEACHERS AT ALL LEVELS; ENGAGE FAMILIES, YOUNG ADULTS AND UNDERREPRESENTED GROUPS; AND CREATE LINKAGES WITH OTHER VITAL ART FORMS, INCLUDING THEATER, CLASSICAL MUSIC, DANCE, THE VISUAL ARTS AND BEYOND. THROUGH EDUCATIONAL PROGRAMS AND PARTNERSHIP PROGRAMS, BLO COLLABORATES ACROSS A BROAD SPECTRUM TO TAKE OPERA DEEPER INTO THE FABRIC OF THE LOCAL COMMUNITY AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Nelson General & Artistic Dir. (until 6/21) | OfficerTrustee | 40 | $207,640 |
Karen Frost Chief Financial Officer (until 6/21) | Officer | 40 | $132,977 |
Bradley Vernatter General & Artistic Director | Officer | 40 | $125,028 |
Michael J Puzo Chair | OfficerTrustee | 5 | $0 |
Miguel DE Braganca Vice-Chair | OfficerTrustee | 1 | $0 |
Dr Irving H Plotkin Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,571,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,210,775 |
| Noncash contributions included in lines 1a–1f | $58,439 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,782,089 |
| Total Program Service Revenue | $155,623 |
| Investment income | $334,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $471,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,326,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $473,662 |
| Compensation of current officers, directors, key employees. | $320,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,266,556 |
| Pension plan accruals and contributions | $13,792 |
| Other employee benefits | $73,827 |
| Payroll taxes | $191,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,726 |
| Fees for services: Accounting | $35,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,089 |
| Fees for services: Other | $500,468 |
| Advertising and promotion | $131,240 |
| Office expenses | $131,775 |
| Information technology | $245,108 |
| Royalties | $0 |
| Occupancy | $508,028 |
| Travel | $56,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,024,957 |
| Insurance | $54,625 |
| All other expenses | $17,239 |
| Total functional expenses | $5,164,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,343,144 |
| Savings and temporary cash investments | $157,782 |
| Pledges and grants receivable | $3,363,665 |
| Accounts receivable, net | $690,209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,895 |
| Net Land, buildings, and equipment | $98,008 |
| Investments—publicly traded securities | $17,835,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $983,518 |
| Total assets | $24,492,285 |
| Accounts payable and accrued expenses | $624,235 |
| Grants payable | $0 |
| Deferred revenue | $279,725 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $131,369 |
| Total liabilities | $1,185,329 |
| Net assets without donor restrictions | $2,327,941 |
| Net assets with donor restrictions | $20,979,015 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,492,285 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Boston Lyric Opera Company has recieved totaling $126,400.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $43,300 |
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $29,000 |
Virginia Wellington Cabot Fndtn Tr Ua 121692 Thomas D Cabot Donor Boston, MA PURPOSE: EXEMPT PURPOSE | $25,000 |
Arzak Foundation Los Angeles, CA PURPOSE: CULTURAL | $15,000 |
Les Paul Foundation Syosset, NY PURPOSE: REMOTE EDUCATIONAL PROGRAM | $5,000 |
Samuel & Nancy Jo Altschuler Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $15,616,855 |
| Earnings | $3,367,273 |
| Other Expense | $100,000 |
| Ending Balance | $18,884,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Opera Guild Inc New York, NY | $11,636,908 | $9,957,948 |
Glimmerglass Opera Theatre Inc Cooperstown, NY | $19,222,270 | $8,564,842 |
Boston Lyric Opera Company Boston, MA | $24,492,285 | $7,326,686 |
New York City Opera Inc New York, NY | $2,464,472 | $3,221,600 |
American Friends Of The Paris Opera & Ballet New York, NY | $1,099,480 | $1,059,401 |
Concerts In Motion Inc New York, NY | $1,668,907 | $960,461 |
Lake George Opera Festival Association Inc Saratoga Springs, NY | $321,221 | $1,192,996 |
Heartbeat Opera Ltd New York, NY | $491,262 | $977,495 |
Berkshire Opera Festival Pittsfield, MA | $169,179 | $840,114 |
Metropolitan Opera Club Inc New York, NY | $635,088 | $866,477 |
On Site Opera Inc New York, NY | $1,059,437 | $594,359 |
College Light Opera Company Inc Falmouth, MA | $8,396,196 | $2,077,001 |