Victorian Lyric Opera Company
- Assets
- $235.8k
- Revenue
- $206.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 09/2007
- Data as of
- 06/2023
- EIN
- 20-1241410
Organization Overview
Victorian Lyric Opera Company is located in Rockville, MD. The organization was established in 2007. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Victorian 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 06/2023, Victorian Lyric Opera Company generated $206.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $167.7k during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKING OPERETTA RELEVANT FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PREPARED A PRODUCTION OF A CONCERT OF OPERETTA THE BRIGANDS BY JACQUES OFFENBACH. UNFORTUNATELY, THE 3 REVENUE GENERATING PERFORMANCES WERE CANCELED DUE TO COVID. THE CAST & ORCHESTRA WAS APPROXIMATELY 65 AND VOLUNTEERS 12.
PRESENTED SIX FULLY-STAGED PERFORMANCES OF GILBERT & SULLIVAN'S HMS PINAFORE. TOTAL AUDIENCE OF 1,670; CAST OF 36 AND PRODUCTION STAFF AND VOLUNTEERS OF 70
WE PRESENTED SIX PERFORMANCES OF SIGMUND ROMBERG'S THE NEW MOON TO A TOTAL AUDIENCE OF 1,030, CAST OF 35 AND PRODUCTION STAFF AND VOLUNTEERS OF 60.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Brown Treasurer | Trustee | 5 | $0 |
Bonnie Barrows Director | Trustee | 2 | $0 |
Amanda Jones Director | Trustee | 1 | $0 |
Denise Young Director | Trustee | 2 | $0 |
Tom Zebovitz Director | Trustee | 1 | $0 |
Sterling Washington Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,828 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,564 |
| Noncash contributions included in lines 1a–1f | $690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,392 |
| Total Program Service Revenue | $62,099 |
| Investment income | $14,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $869 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,623 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,127 |
| Fees for services: Other | $54,793 |
| Advertising and promotion | $1,166 |
| Office expenses | $279 |
| Information technology | $4,084 |
| Royalties | $5,454 |
| Occupancy | $46,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,071 |
| Insurance | $2,384 |
| All other expenses | $4,251 |
| Total functional expenses | $167,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,850 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $124,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,698 |
| Total assets | $235,805 |
| Accounts payable and accrued expenses | $22,451 |
| Grants payable | $0 |
| Deferred revenue | $11,275 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,726 |
| Net assets without donor restrictions | $202,079 |
| Net assets with donor restrictions | $0 |
| 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 | $235,805 |