Maryland Lyric Opera
- Assets
- $186.7k
- Revenue
- $172.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Bethesda, MD
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3835176
Organization Overview
Maryland Lyric Opera is located in Bethesda, MD. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Maryland Lyric Opera employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Lyric Opera 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, Maryland Lyric Opera generated $172.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $699.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESENTING OPERATIC PRODUCTIONS OF THE HIGHEST CALIBER, UTILIZING BOTH ESTABLISHED PROFESSIONAL SINGERS AND EMERGING TALENT, MARYLAND LYRIC OPERA (MDLO) SEEKS TO: - EDUCATE ARTISTS, EMERGING SINGERS AND AUDIENCES ALIKE- FOSTER NEW AUDIENCES FOR OPERA, BOTH THROUGH THE ARTISTRY PRESENTED AND THROUGH A COMMITMENT TO AFFORDABLE TICKET PRICING- DEVELOP AND PROMOTE THE CAREERS OF EMERGING ARTISTS- REVITALIZE THE IMPORTANCE OF VOCAL ARTISTRY (INTERPRETATION, EMOTION, IMMEDIACY OF EXPRESSION) OVER A MERELY ACCURATE REALIZATION OF THE NOTES ON THE PRINTED PAGE- REVERSE THE TREND WHERE THE CONDUCTOR'S, STAGE DIRECTOR'S OR DESIGNER'S CONCEPTION DICTATES THE REALIZATION OF THE WORK, TO REORDER THE PRIORITIES IN OPERATIC PRODUCTION TO ONE WHERE ALL FACETS OF PRODUCTION SUPPORT THE SINGERS FIRST AND FOREMOST- CREATE EDUCATIONAL AND PERFORMANCE OPPORTUNITIES FOR MIDDLE AND HIGH SCHOOL STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Salemno Music Director | 40 | $91,750 | |
Matthew Woorman General Manager | 40 | $90,000 | |
Teresa Woorman Director Of Finance | 40 | $64,000 | |
Adam Cioffari Artistic Administrat | 40 | $60,000 | |
Alfred J Clark Jr President | 20 | $0 | |
Amy Ayre Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $172,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $420,807 |
| Pension plans, employee benefits | $28,331 |
| Interest | $0 |
| Taxes | $29,867 |
| Depreciation | $0 |
| Occupancy | $10,003 |
| Travel, conferences, and meetings | $14,166 |
| Printing and publications | $0 |
| Other expenses | $132,453 |
| Total operating and administrative expenses | $699,695 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $699,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $758 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $185,927 |
| Total assets | $186,685 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $748,719 |
| Total liabilities | $748,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maryland Lyric Opera has recieved totaling $5,720.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,692 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
Greater Pittsburgh Arts Council Pittsburgh, PA | $2,524,492 | $2,281,290 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |