Lyric Theatre And Cultural Arts Center is located in Lexington, KY. The organization was established in 2011. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lyric Theatre And Cultural Arts Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Theatre And Cultural Arts Center 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 And Cultural Arts Center generated $289.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $193.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (16.1%) per year over the past 6 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 THE LYRIC THEATRE & CULTURAL ARTS CENTER IS TO PRESERVE, PROMOTE, PRESENT, AND CELEBRATE DIVERSE CULTURES THROUGH ARTISTIC PRESENTATIONS OF THE HIGHEST QUALITY, EDUCATIONAL PROGRAMMING AND OUTREACH, FILM, AND OPPORTUNITIES FOR COMMUNITY INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LYRIC THEATRE AND CULTURAL ARTS CENTER, A MULTI-USE ART AND PERFORMANCE VENUE THAT ORIGINALLY OPENED AS A MOVIE HOUSE IN 1948, CLOSING IN 1963 BEFORE RENOVATION AND REOPENING IN 2010. LAUDING A HISTORY OF MOVIES, FASHION SHOWS, VAUDEVILLE ACTS, LOCAL CONCERTS, PAGEANTS AND MANY NOTABLE PERFORMERS OF JAZZ AND RHYTHM & BLUES, THE LYRIC THEATRE AND CULTURAL ARTS CENTER REOPENED UNDER A NEW MISSION AS A CENTER FOR ART, COMMUNITY, HISTORY AND EDUCATION. THE THEATRE HOUSES A PROSCENIUM THEATER THAT SEATS OVER 500, AN AFRICAN-AMERICAN CULTURE MUSEUM, A ROTATING ART GALLERY, COURTYARD AND A 325 CAPACITY MULTI-PURPOSE ROOM. ROOTED IN ITS AFRICAN-AMERICAN HERITAGE, TODAY THE LYRIC FOCUSES ON COMMUNITY DEVELOPMENT IN LEXINGTON'S EAST END AND HOSTS ARTS PERFORMANCES, RENTAL EVENTS, LUNCHEONS, MOVIE VIEWINGS, YOUTH PROGRAMS, AND MANY OTHER DIVERSE EVENTS. THE MUSEUM AND ART GALLERY HOSTS A VARIETY OF ROTATING CULTURAL ART EXHIBITS WITH FREE ADMISSION, INCLUDING THE UPCOMING JOSEPH A PEARSON JUNETEENTH EXHIBITION. PAST SHOWINGS INCLUDE EXHIBITS OF ISAAC MURHPY, LATINX ARTWORKS, INTERNATIONAL WOMEN'S FESTIVAL ARTWORKS, AFRICAN AMERICAN ART EXHIBITIONS FROM ARTISTS LIKE DAFRI, TOURING INTERNATIONAL CHINESE ART EXHIBITS, THE KENTUCKY WATER COLOR SOCIETY "AQUAVENTURE" EXHIBIT AND THE NATIONAL AIDS MEMORIAL QUILT, AMONG OTHERS. THE MULTI-PURPOSE ROOM HOSTS MANY TYPES OF EVENTS THAT INCLUDE NAACP FUNDRAISERS, UNIVERSITY CLASSROOM MEETINGS, CUMMUNITY ASSOCIATION MEETINGS, WEDDING EVENTS, ANNIVERSARIES, REUNIONS, MEMORIALS, GOVERNMENT AND ORGANIZATIONAL CONFERENCES, PUBLIC FORUMS LIKE THE MOST RECENT COMMUNITY CANDIDATE FORUM FEATURING MAYORAL AND COUNTY EXECUTIVE CANDIDATES, STAFF AND BOARD RETREATS, BACK TO SCHOOL BACKPACK CARNIVAL WITH COMMUNITY PARTNER COLLABORATION, MUSIC LESSONS FOR KIDS, AND MORE.SOME SIGNATURE PROGRAMMING PRESENTED BY THE LYRIC THEATRE & CULTURAL ARTS CENTER INCLUDES F.A.M. (FAMILY ART MEMORIES), A MONTHLY COMMUNITY FAMILY ART PROGRAM IN COLLABORATION WITH AN AFRICAN AMERICAN FARM EDUCATION COOPERATIVE TO FOSTER FAMILY CREATIVITY AND ADDRESS FOOD INSECURITY AND HEALTHY EATING; AFRICAN AMERICAN CULTURAL PROGRAMMING THAT CENTERS AROUND BLACK HISTORY, KWANZAA, MARTIN LUTHER KING CELEBRATION, AND JUNETEENTH. OTHER PROGRAMS INCLUDE BACK TO SCHOOL CARNIVAL IN COLLABORATION WITH THE WILLIAM WELLS BROWN NEIGHBORHOOD ASSICIATION, AFRICANA SATURDAY SCHOOL TO EDUCATE YOUNG BLACK MEN AND BOYS, PARTICIPATION IN THE YEARLY GALLERY HOP WITH OTHER ARTS ORGANIZATIONS, SUMMER YOUTH AND FAMILY PROGRAMS, LYRIC & LIFE PARLOR-STYLE PROGRAMS TO BRING TOGETHER ARTISTS WITH THE COMMUNITY, AND THE NEWLY MINTED MAIN STAGE ARTIST SERIES WHICH FEATURES NATIONAL AND INTERNATIONAL ARTISTS LIKE DENISE KING AND ROBERT FINLEY WHO SHARE THE STATE WITH LOCAL ARTIST OPENING ACTS LIKE INTREPID JAZZ ENSEMBLE, AND THE SOON TO BE ESTABLISHED "JAZZ NIGHT AT THE LYRIC AND THE "JOKES AND JAZZ JUKEBOX" SERIES.THE LYRIC THEATRE IS ALSO HOME TO THE NATIONALLY SHOWCASED WOODSONGS PROGRAM WHICH IS RECORDED IN THE THEATRE ON MONDAY EVENINGS FOR 48 WEEKS OUT OF THE YEAR AND PLAYS HOST TO MORE THAN 7500 BROADCAST AUDIENCE ATTENDEES. THROUGHOUT THE YEAR OVER 40,000 PEOPLE COME THROUGH THE DOORS OF THE LYRIC THEATRE TO PARTICIPATE IN ARTS, EDUCATION, CULTURAL AND RENTAL EVENTS. THE LYRIC CONTINUES TO GROW PROGRAMMING BY SEEKING OUT NEW OPPORTUNITIES FOR ENTERTAINMENT, CULTURAL AND EDUCATIONAL ENGAGEMENT. AND THOUGH THE PANDEMIC HAS CREATED SOME CHALLENGES, THE LYRIC THEATRE WILL CONTINUE TO RISE TO MEET THE CHALLENGE OF MAKING ARTS AND CULTURAL ARTS PROGRAMMING ACCESSIBLE TO EVERYONE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ervy Whitaker II Executive Director | Officer | 40 | $57,500 |
Latarika Young Secretary | OfficerTrustee | 2 | $0 |
Christian Adair Chair | OfficerTrustee | 2 | $0 |
Frank Walker Vice Chair | OfficerTrustee | 2 | $0 |
Pat Tatum Treasurer | OfficerTrustee | 2 | $0 |
George Brown Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $82,198 |
All other contributions, gifts, grants, and similar amounts not included above | $37,913 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $120,111 |
Total Program Service Revenue | $151,119 |
Investment income | $1,423 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $16,728 |
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 | $80 |
Miscellaneous Revenue | $0 |
Total Revenue | $289,788 |
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. | $60,938 |
Compensation of current officers, directors, key employees. | $24,375 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $80,243 |
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 | $18,547 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $250 |
Advertising and promotion | $39 |
Office expenses | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,473 |
Insurance | $7,748 |
All other expenses | $3,050 |
Total functional expenses | $193,327 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $364,531 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $85,073 |
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 | $1,105 |
Net Land, buildings, and equipment | $3,627 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $454,336 |
Accounts payable and accrued expenses | $105,041 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $38,967 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $144,008 |
Net assets without donor restrictions | $306,828 |
Net assets with donor restrictions | $3,500 |
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 | $454,336 |
Over the last fiscal year, we have identified 3 grants that Lyric Theatre And Cultural Arts Center has recieved totaling $22,462.
Awarding Organization | Amount |
---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $11,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,462 |
Mulhollem Cravens Foundation Carlisle, KY PURPOSE: TO FURTHER THE MISSION OF THE DONEE | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |