Lyric Opera Of Kansas City Inc
- Assets
- $27.5m
- Revenue
- $5.6m
- Investments
- $2.0m
- Employees
- 109
- Location
- Kansas City, MO
- Founding
- 09/1960
- Data as of
- 06/2022
- EIN
- 44-0626124
Organization Overview
Lyric Opera Of Kansas City Inc is located in Kansas City, MO. The organization was established in 1960. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Lyric Opera Of Kansas City Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Opera Of Kansas City 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 06/2022, Lyric Opera Of Kansas City Inc generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LYRIC OPERA OF KANSAS CITY PRODUCES PROFESSIONAL OPERA AND EDUCATIONAL PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYRIC OPERA OF KANSAS CITY'S ARTISTIC PROGRAMMING IN THE 2021-2022 SEASON INCLUDED LYRIC OPERA GOES TO HOLLYWOOD, A TRIBUTE TO OPERA'S USE IN FILM; THE (R)EVOLUTION OF STEVE JOBS, A CONTEMPORARY OPERA EXPLORING THE COMPLEX HUMAN BEHIND THE APPLE BRAND; AND THE LYRIC'S PRODUCTION OF A BELOVED CLASSIC, TOSCA. THE 2021-2022 SEASON ALSO SAW THE FIRST LIVE, IN-PERSON PRODUCTION OF OUR NEW HOLIDAY TRADITION, AMAHL AND THE NIGHT VISITORS, IN OUR PRODUCTION ARTS BUILDING. WE SHOWCASED OUR RESIDENT AND APPRENTICE ARTISTS PROGRAMS IN A PUBLIC SCENES PROGRAM ENTITLED LYRIC OPERA GOES TO ITALY, ALSO IN OUR PRODUCTION ARTS BUILDING. THE SEASON ALSO INCLUDED FOUR SOUNDSCAPES IN THE CITY CONCERTS PERFORMED OUTSIDE AT VARIOUS VENUES THROUGHOUT THE GREATER KANSAS CITY METROPOLITAN AREA.
IN THE 2021-2022 SEASON, LYRIC OPERA OF KANSAS CITY'S YOUTH EDUCATION PROGRAMMING INCLUDED THREE STUDENT DRESS REHEARSALS AND A RESIDENCY AT SHAWNEE MISSION NORTHWEST HIGH SCHOOL, THROUGH WHICH STUDENTS PARTICIPATED IN ONE-ON-ONE AND GROUP VOCAL TRAINING; ATTENDANCE OF A DRESS REHEARSAL OF LYRIC OPERA GOES TO HOLLYWOOD; A LYRIC OPERA FACILITIES TOUR; ATTENDANCE OF A PRIVATE RECITAL BY RESIDENT ARTISTS; AND THE CREATION OF AN ORIGINAL ONE-ACT REVUE. ADULT EDUCATION PROGRAMMING INCLUDED OPERA TO GO, WHICH BRINGS THE LYRIC'S APPRENTICE ARTISTS TO RETIREMENT COMMUNITIES TO PRESENT OPERA ARIAS, DUETS, AND MUSIC THEATER FAVORITES; AT EASE WITH OPERA, A FREE LECTURE SERIES THAT PROVIDES AUDIENCES WITH INSIGHTS FROM REGIONAL SCHOLARS IN COORDINATION WITH THE ARTISTIC SEASON; AND THE NEW COMMUNITY CONVERSATIONS SERIES, WHICH IS PRESENTED IN COLLABORATION WITH COMMUNITY PARTNERS TO EXPLORE THE "HERE AND NOW" IMPLICATIONS OF THE LYRIC'S PRODUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sandler General Director & CEO | Officer | 40 | $217,113 |
Jeffrey S Walker CFO | Officer | 40 | $95,985 |
Craig L Evans President | OfficerTrustee | 1 | $0 |
Melinda L Estes MD Vice President | OfficerTrustee | 1 | $0 |
Scott Blakesley Secretary | OfficerTrustee | 1 | $0 |
Mark Benedict Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kansas City Symphony Orchestra Services | 6/29/22 | $231,372 |
Kauffman Ctr-performing Arts Auditorium Rental/svcs | 6/29/22 | $178,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $425,712 |
| Related organizations | $0 |
| Government grants | $786,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,301,513 |
| Noncash contributions included in lines 1a–1f | $211,637 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,514,010 |
| Total Program Service Revenue | $544,900 |
| Investment income | $36,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $354,220 |
| Net Gain/Loss on Asset Sales | $113,193 |
| Net Income from Fundraising Events | -$86,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,560,944 |
| 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. | $339,013 |
| Compensation of current officers, directors, key employees. | $119,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,433,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $119,750 |
| Payroll taxes | $162,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,555 |
| Fees for services: Accounting | $56,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $26,267 |
| Fees for services: Investment Management | $5,045 |
| Fees for services: Other | $267,790 |
| Advertising and promotion | $241,364 |
| Office expenses | $59,812 |
| Information technology | $96,200 |
| Royalties | $0 |
| Occupancy | $344,123 |
| Travel | $101,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,238 |
| Interest | $47,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261,177 |
| Insurance | $64,894 |
| All other expenses | $24,394 |
| Total functional expenses | $4,689,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,544,448 |
| Savings and temporary cash investments | $479,922 |
| Pledges and grants receivable | $648,148 |
| Accounts receivable, net | $18,404 |
| 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 | $302,397 |
| Net Land, buildings, and equipment | $7,821,593 |
| Investments—publicly traded securities | $2,090,423 |
| Investments—other securities | $1,968,641 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,577,649 |
| Total assets | $27,451,625 |
| Accounts payable and accrued expenses | $246,314 |
| Grants payable | $0 |
| Deferred revenue | $745,287 |
| 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 | $1,210,454 |
| Other liabilities | $104,067 |
| Total liabilities | $2,306,122 |
| Net assets without donor restrictions | $8,646,846 |
| Net assets with donor restrictions | $16,498,657 |
| 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 | $27,451,625 |
Grants Awarded
Over the last fiscal year, Lyric Opera Of Kansas City Inc has awarded $451,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GRANT FOR QALICB UNWIND TRANSACTIONS. | $315,000 |
Kansas City, MO PURPOSE: FUNDS FROM THE CAPITAL CAMPAIGN FUND ARE TRANSFERRED TO THE FOUNDATION TO PAY DOWN LONG-TERM DEBT. | $136,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lyric Opera Of Kansas City Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
John W & Effie E Speas Memorial Trust Dallas, TX PURPOSE: SUPPORT OPERA UNLOCKED | $30,000 |
Victor E And Caroline E Schutte Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Opera Theatre Of Saint Louis St Louis, MO | $111,453,146 | $9,625,492 |
Lyric Opera Of Kansas City Inc Kansas City, MO | $27,451,625 | $5,560,944 |
Des Moines Metro Opera Inc Indianola, IA | $7,229,930 | $5,531,970 |
Opera Omaha Inc Omaha, NE | $8,293,157 | $5,327,192 |
Chicago Opera Theater Chicago, IL | $1,804,521 | $2,733,025 |
Kentucky Opera Association Inc Louisville, KY | $4,939,443 | $2,050,260 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
Nashville Opera Association Nashville, TN | $10,829,028 | $1,740,899 |
Music Theater Works Wilmette, IL | $813,169 | $1,440,067 |
Knoxville Opera Company Knoxville, TN | $1,743,174 | $1,430,096 |
Opera Memphis Inc Memphis, TN | $5,037,117 | $1,438,726 |
Chamber Opera Of Chicago Chicago, IL | $429,252 | $422,110 |