Lyra Music Inc
- Assets
- $65.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beacon, NY
- Founding
- 09/2014
- Data as of
- 12/2020
- 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 12/2020, Lyra Music Inc generated $60.7k 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 (3.6%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. 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 | $0 | |
Mary Prescott Vice President | 1 | $0 | |
Kit Voit Treasurer | 5 | $0 | |
Jonathan Odo Asst. Secretary | 1 | $0 | |
Akiko Sasaki Artistic Dir. | 20 | $0 | |
Paula Scully Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,708 |
| Total Program Service Revenue | $5,202 |
| Membership dues | $0 |
| Investment income | $670 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $97 |
| Total Revenue | $60,677 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,800 |
| Professional fees and other payments to independent contractors | $12,750 |
| Occupancy, rent, utilities, and maintenance | $908 |
| Printing, publications, postage, and shipping | $633 |
| Other expenses | $14,312 |
| Total expenses | $52,403 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,848 |
| Other assets | $0 |
| Total assets | $65,673 |
| Total liabilities | $160 |
| Net assets or fund balances | $65,513 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lyra Music Inc has recieved totaling $35,061.
| Awarding Organization | Amount |
|---|---|
Seligman Foundation New York, NY PURPOSE: MEETING HUMAN NEEDS | $35,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |