Lyric Opera Qalicb Inc
- Assets
- $0.0
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- Data as of
- 06/2019
- EIN
- 45-2480257
Organization Overview
Lyric Opera Qalicb Inc is located in Kansas City, MO. Lyric Opera Qalicb Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2019, Lyric Opera Qalicb Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $521.8k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE TO PROPERTY, COMPLETE CONSTRUCTION OF THE OPERA CENTER AND LEASE SAID PROPERTY BACK TO THE LYRIC OPERA OF KANSAS CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JULY 2018, THE NEW MARKET TAX CREDIT ENDED ITS COMPLIANCE PERIOD AND WAS UNWOUND. THE ASSETS HELD, INCLUDING THE BUILDING, WERE DONATED TO THE LYRIC OPERA OF KANSAS CITY. THE QALICB DISSOLVED IN THE CURRENT FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bruening Vice President | OfficerTrustee | 1 | $0 |
Don Dagenais Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joyce G Holland President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $315,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,648,100 |
| Noncash contributions included in lines 1a–1f | $2,648,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,963,100 |
| Total Program Service Revenue | $141,750 |
| Investment income | $6 |
| 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 | $3,104,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,424 |
| 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 | $9,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,695 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,761 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,706 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $521,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Lyric Opera Qalicb Inc has awarded $116,424 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GRANT FOR EXPENSES INCURRED WITH CLOSING OF CAPITAL PURCHASE. | $107,424 |
Kansas City, MO PURPOSE: IN SUPPORT OF THE LYRIC OPERA CAPITAL CAMPAIGN TO PAY DOWN THE DEBT HELD BY THE LYRIC OPERA FOUNDATION. | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lyric Opera Qalicb Inc has recieved totaling $315,000.
| Awarding Organization | Amount |
|---|---|
Lyric Opera Of Kansas City Inc Kansas City, MO PURPOSE: GRANT FOR QALICB UNWIND TRANSACTIONS. | $315,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Memorial Hermann Hospital Based Physician Group Houston, TX | $12,517,571 | $82,920,785 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |