Lyra Music Inc
- Assets
- $51.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beacon, NY
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 30-0801912
Organization Overview
Lyra Music Inc is located in Beacon, NY. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Lyra Music Inc 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 12/2023, Lyra Music Inc generated $99.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $108.1k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Odo Executive Dir. | 20 | $20,000 | |
Mary Prescott Vice President | 1 | $0 | |
Kit Voit Treasurer | 5 | $0 | |
Akiko Sasaki Artistic Dir. | 20 | $16,000 | |
Jonathan Odo Asst. Secretary | 1 | $0 | |
Paula Scully Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,367 |
| Total Program Service Revenue | $72,384 |
| Membership dues | $0 |
| Investment income | $52 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $439 |
| Total Revenue | $99,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,550 |
| Salaries, other compensation, and employee benefits | $37,400 |
| Professional fees and other payments to independent contractors | $27,065 |
| Occupancy, rent, utilities, and maintenance | $20,320 |
| Printing, publications, postage, and shipping | $41 |
| Other expenses | $21,744 |
| Total expenses | $108,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,943 |
| Other assets | $0 |
| Total assets | $51,943 |
| Total liabilities | $28,554 |
| Net assets or fund balances | $23,389 |