Denver Lyric Opera Guild
- Assets
- $2.0m
- Revenue
- $108.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 01/1975
- Data as of
- 05/2021
- EIN
- 23-7225165
Organization Overview
Denver Lyric Opera Guild is located in Englewood, CO. The organization was established in 1975. According to its NTEE Classification (A6A) the organization is classified as: Opera, 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. Denver Lyric Opera Guild 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 05/2021, Denver Lyric Opera Guild generated $108.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $91.6k during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Denver Lyric Opera Guild has awarded 18 individual grants totaling $101,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENCOURAGEMENT AND SUPPORT OF YOUNG SINGERS AND THE CONTINUING EDUCATION OF MEMBERS IN THE APPRECIATION AND KNOWLEDGE OF OPERA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL OPERA COMPETITION, INCLUDING AWARDS TO COMPETITION FINALISTS. THE ANNUAL COMPETITION FOR COLORADO SINGERS OCCURS EACH SPRING. CONTESTANTS ARE THOSE WHO MEET THE REQUIREMENTS FOR ADMISSION TO THE COMPETITION. FINALISTS ARE DETERMINED BY INDIVIDUAL JUDGES AND PRIZE MONIES ARE AWARDED TO THOSE WHO RECEIVE THE HIGHEST RATINGS FROM THE JUDGES.
THE GUILD GIVES GRANTS TO ORGANIZATIONS THAT USE THE MONEY TO PROVIDE SCHOLARSHIPS TO YOUNG OPERA SINGERS IN COLORADO. COLORADO COLLEGES, UNIVERSITIES AND OPERA PROGRAMS SUPPORTING YOUNG SINGERS COMPLETE GRANT REQUESTS. GRANT REQUESTS ARE REVIEWED BY THE DENVER LYRIC OPERA GUILD FINANCE COMMITTEE. ALL APPLICANTS ARE EXEMPT ORGANIZATIONS. THE AMOUNT AWARDED TO AN INDIVIDUAL IS DICTATED BY THE INSTITUTION RECEIVING THE GRANT.
EDUCATIONAL OPERA TOURS FOR MEMBERS AND GUESTS. GENERAL EDUCATIONAL PROGRAMS FOR MEMBERS AND GUESTS THROUGH OPERA PROGRAMS.
ANNUAL OPERA COMPETITION, INCLUDING AWARDS TO COMPETITION FINALISTS. THE ANNUAL COMPETITION FOR COLORADO SINGERS OCCURS EACH SPRING. CONTESTANTS ARE THOSE WHO MEET THE REQUIREMENTS FOR ADMISSION TO THE COMPETITION. FINALISTS ARE DETERMINED BY INDIVIDUAL JUDGES AND PRIZE MONIES ARE AWARDED TO THOSE WHO RECEIVE THE HIGHEST RATINGS FROM THE JUDGES.
THE GUILD GIVES GRANTS TO ORGANIZATIONS THAT USE THE MONEY TO PROVIDE SCHOLARSHIPS TO YOUNG OPERA SINGERS IN COLORADO. COLORADO COLLEGES, UNIVERSITIES AND OPERA PROGRAMS SUPPORTING YOUNG SINGERS COMPLETE GRANT REQUESTS. GRANT REQUESTS ARE REVIEWED BY THE DENVER LYRIC OPERA GUILD FINANCE COMMITTEE. ALL APPLICANTS ARE EXEMPT ORGANIZATIONS. THE AMOUNT AWARDED TO AN INDIVIDUAL IS DICTATED BY THE INSTITUTION RECEIVING THE GRANT.
EDUCATIONAL OPERA TOURS FOR MEMBERS AND GUESTS. GENERAL EDUCATIONAL PROGRAMS FOR MEMBERS AND GUESTS THROUGH OPERA PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Leino President | OfficerTrustee | 6 | $0 |
Thomas Conroy President Elect | OfficerTrustee | 3 | $0 |
Valerie Wassill VP Public Relations | OfficerTrustee | 1 | $0 |
Linda Young VP Finance | OfficerTrustee | 2 | $0 |
Gayle Landis VP Membership | OfficerTrustee | 3 | $0 |
Mary Jo Weiker Past-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,206 |
| Total Program Service Revenue | $1,650 |
| Investment income | $44,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,698 |
| Net Income from Fundraising Events | -$866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,436 |
| Office expenses | $1,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,825 |
| All other expenses | $51,804 |
| Total functional expenses | $91,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,963,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,003,096 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $900 |
| 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 | $900 |
| Net assets without donor restrictions | $2,002,196 |
| 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 | $2,003,096 |
Grants Awarded
Over the last fiscal year, Denver Lyric Opera Guild has awarded $24,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Wheat Ridge, CO PURPOSE: EDUCATION | $6,000 |
Wheat Ridge, CO PURPOSE: EDUCATION | $6,000 |
Englewood, CO PURPOSE: EDUCATION | $6,000 |
Englewood, CO PURPOSE: EDUCATION | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Denver Lyric Opera Guild has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Galen & Ada Belle Spencer Foundation Denver, CO PURPOSE: CHARITABLE CONTRIBUTIONS | $10,000 |
Kenneth Kendal King Foundation Denver, CO PURPOSE: FOR THE ANNUAL OPERA SINGER COMPETITION. | $10,000 |
Endowment Analysis
| Beg. Balance | $1,580,751 |
| Earnings | $60,476 |
| Admin Expense | $14,178 |
| Grants | $33,000 |
| Ending Balance | $1,594,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Utah Festival Opera Company Logan, UT | $13,283,393 | $3,306,953 |
Opera Omaha Inc Omaha, NE | $8,293,157 | $5,327,192 |
Opera Colorado Englewood, CO | $4,199,479 | $3,925,553 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Central City Opera House Association Endowment Fund Wheat Ridge, CO | $25,453,266 | $9,103,065 |
Wichita Grand Opera Inc Wichita, KS | $70,337 | $331,151 |
San Diego Opera Association Endowment Tr Phoenix, AZ | $3,546,512 | $197,286 |
Opera Theatre Of The Rockies Colorado Springs, CO | $364,216 | $113,551 |
Painted Sky Opera Inc Edmond, OK | $58,433 | $0 |
Brown Grand Opera House Inc Concordia, KS | $88,275 | $168,410 |