Lyric Theatre Company
- Assets
- $2.3m
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 3
- Location
- South Burlington, VT
- Founding
- 03/1977
- Data as of
- 06/2021
- EIN
- 23-7349046
Organization Overview
Lyric Theatre Company is located in South Burlington, VT. The organization was established in 1977. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lyric Theatre Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Theatre 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, Lyric Theatre Company generated $235.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $255.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 7 years. 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 LYRIC THEATRE COMPANY IS TO PRODUCE MUSICALS AND OTHER PERFORMING ARTS OF PROFESSIONAL QUALITY FOR NORTHERN NEW ENGLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMATEUR MUSICAL THEATRE OPEN TO ALL MEMBERS OF THE PUBLIC TO BECOME INVOLVED IN STAGING LARGE MUSICALS SEEN BY APPROXIMATELY 15,000 PATRONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Evarts Executive Di | Officer | 45 | $56,269 |
Nate Venet Board Chair | OfficerTrustee | 1 | $0 |
Serena Magnan O'connell Board Vice C | OfficerTrustee | 1 | $0 |
Stephen Kendall Board Treasu | OfficerTrustee | 1 | $0 |
Shane Mccormack Board Secret | OfficerTrustee | 1 | $0 |
Rachel Bruce Drew Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,830 |
| Investment income | $1,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,582 |
| 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 | $235,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $350 |
| Fees for services: Other | $135 |
| Advertising and promotion | $1,695 |
| Office expenses | $9,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,628 |
| Travel | $778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,527 |
| Insurance | $12,373 |
| All other expenses | $0 |
| Total functional expenses | $255,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,843 |
| Savings and temporary cash investments | $273,446 |
| Pledges and grants receivable | $4,390 |
| Accounts receivable, net | $46 |
| 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 | $3,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,272,354 |
| Accounts payable and accrued expenses | $832 |
| Grants payable | $0 |
| Deferred revenue | $8,788 |
| 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 | $283,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,395 |
| Total liabilities | $343,646 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,928,708 |