La Musica Lirics Inc is located in Milwaukee, WI. The organization was established in 2004. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, 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. LA Musica Lirics 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 12/2021, LA Musica Lirics Inc generated $230.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $239.8k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LA MUSICA LIRICA IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONDUCT A FESTIVAL IN ITALY WHERE FACULTY CAN PROVIDE VOCAL, CHORAL, INSTRUMENTAL AND COACHING LESSONS.
TO CONDUCT A FESTIVAL IN ITALY WHERE FACULTY CAN PROVIDE VOCAL, CHORAL, INSTRUMENTAL AND COACHING LESSONS.
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $230,159 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $230,159 |
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. | $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 | $950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $165,498 |
Advertising and promotion | $954 |
Office expenses | $6,919 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $53,148 |
Travel | $9,077 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,250 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,000 |
All other expenses | $0 |
Total functional expenses | $239,796 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,165 |
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 | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,165 |
Accounts payable and accrued expenses | $20,379 |
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 | $0 |
Unsecured mortgages and notes payable | $4,368 |
Other liabilities | $0 |
Total liabilities | $24,747 |
Net assets without donor restrictions | -$22,582 |
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 | $2,165 |
Over the last fiscal year, we have identified 1 grants that La Musica Lirics Inc has recieved totaling $7,500.
Awarding Organization | Amount |
---|---|
William R Lewis Charitable Foundation Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $7,500 |
Organization Name | Assets | Revenue |
---|---|---|
Flint Institute Of Music Flint, MI | $38,937,123 | $17,244,716 |
Old Town School Of Folk Music Inc Chicago, IL | $26,291,664 | $13,585,929 |
Merit School Of Music Chicago, IL | $32,406,157 | $6,571,408 |
Wisconsin Conservatory Of Music Inc Milwaukee, WI | $12,916,262 | $4,546,941 |
Peoples Music School Inc Chicago, IL | $5,536,992 | $3,227,151 |
The Patrick G and Shirley W Ryan Opera Center Chicago, IL | $0 | $2,321,702 |
Preucil School Of Music Iowa City, IA | $5,696,584 | $1,870,215 |
Walker West Music Academy Saint Paul, MN | $1,276,732 | $1,732,905 |
Hyde Park School Of Dance Chicago, IL | $889,337 | $1,144,142 |
Suzuki-Orff School For Young Musicians Chicago, IL | $442,454 | $1,030,627 |
St Paul Conservatory Of Music Saint Paul, MN | $282,927 | $625,706 |
Woodlawn Arts Academy Sterling, IL | $415,650 | $718,677 |