Lyric Arts Company Of Anoka Inc
- Assets
- $1.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Anoka, MN
- Founding
- 11/1986
- Data as of
- 06/2023
- EIN
- 41-1513307
Organization Overview
Lyric Arts Company Of Anoka Inc is located in Anoka, MN. The organization was established in 1986. 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 06/2023, Lyric Arts Company Of Anoka Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Arts Company Of Anoka 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 06/2023, Lyric Arts Company Of Anoka Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH LIVES BY CREATING MEANINGFUL PERFORMING ARTS EXPERIENCES THAT IGNITE THE IMAGINATION, INSPIRE THE SPIRIT, AND ENGAGE THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYRIC ARTS IS A GROWING, NON-UNION PROFESSIONAL THEATER, DEEPLY ROOTED IN THE COMMUNITIES WE SERVE, PRODUCING INCLUSIVE WORK THAT ENTERTAINS, EDUCATES, STIMULATES, AND IS REFLECTIVE OF THE DIVERSITY OF THEIR AUDIENCES AND ARTISTS. LYRIC ARTS PRODUCES EIGHT FULL-LENGTH THEATER PRODUCTIONS EACH SEASON (INCLUDING MUSICALS, COMEDIES, & DRAMAS) AND OFFERS CLASSES, WORKSHOPS AND SUMMER DAY CAMPS TO YOUTH IN GRADES K-12. LYRIC ARTS ALSO PROVIDES OUTREACH OPPORTUNITIES TO LOCAL SCHOOLS AND PRESENTS ANNUAL CONCERT SERIES, "LIVE AT LYRIC ARTS."LYRIC ARTS SOLD OVER 22,000 TICKETS TO THEATER PRODUCTIONS & CONCERTS DURING THE 2022-2023 SEASON, WELCOMING OVER 7,000 PEOPLE THROUGH THEIR DOORS. HUNDREDS OF STUDENTS PARTICIPATED IN OUR EDUCATION PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Danovsky Chair | OfficerTrustee | 2 | $0 |
Jennifer Lundquist Vice Chair | OfficerTrustee | 2 | $0 |
Kira Campbell Treasurer | OfficerTrustee | 2 | $0 |
Julie Karels-Johnson Member At Large | Trustee | 2 | $0 |
Diane Kellner Member At Large | Trustee | 2 | $0 |
Brian Landon Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,656 |
| Related organizations | $0 |
| Government grants | $298,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,264 |
| Noncash contributions included in lines 1a–1f | $9,181 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,624 |
| Total Program Service Revenue | $931,649 |
| Investment income | $1,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,571 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,564,821 |
| 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. | $145,123 |
| Compensation of current officers, directors, key employees. | $22,138 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,380 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,663 |
| Payroll taxes | $34,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,237 |
| Advertising and promotion | $23,351 |
| Office expenses | $152,495 |
| Information technology | $0 |
| Royalties | $45,768 |
| Occupancy | $42,655 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,154 |
| Insurance | $28,660 |
| All other expenses | $70,108 |
| Total functional expenses | $1,505,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,270 |
| 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 | $121,441 |
| Net Land, buildings, and equipment | $986,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,729,540 |
| Accounts payable and accrued expenses | $81,805 |
| Grants payable | $0 |
| Deferred revenue | $321,346 |
| 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 | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $903,151 |
| Net assets without donor restrictions | $811,153 |
| Net assets with donor restrictions | $15,236 |
| 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 | $1,729,540 |