Harbor Springs Lyric Theatre
- Assets
- $4.4m
- Revenue
- $585.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Harbor Springs, MI
- Founding
- 04/2015
- Data as of
- 12/2020
- EIN
- 46-5537766
Organization Overview
Harbor Springs Lyric Theatre is located in Harbor Springs, MI. The organization was established in 2015. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Harbor Springs Lyric Theatre employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harbor Springs Lyric Theatre 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 12/2020, Harbor Springs Lyric Theatre generated $585.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $612.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE EDUCATIONAL PURPOSES, INCLUDING OPERATING A COMMUNITY SUPPORTED AND MISSION DRIVEN THEATRE IN HARBOR SPRINGS, MICHIGAN TO PROVIDE A YEAR-ROUND VENUE FOR FILM, DRAMA, MUSICAL ARTS AND LITERATURE THAT WILL EDUCATE THE PUBLIC IN THE CINEMATIC, PERFORMING AND LITERARY ARTS AND WILL ENHANCE THE CULTURAL AND INTELLECTUAL LIFE OF THE COMMUNITY. THE CORPORATION SHALL NOT DIRECTLY OR INDIRECTLY DISCRIMINATE AGAINST ANY PERSON BY REASON OF AGE, SEX, RACE RELIGION OR NATIONAL ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENOVATED A DONATED BUILDING INTO A COMMUNITY SUPPORTED AND MISSION DRIVEN THEATRE VENUE FOR FILM, OPERA AND OTHER MUSICAL ARTS AND LITERATURE THAT EDUCATES THE PUBLIC IN THE CINEMATIC, PERFORMING AND LITERARY ARTS AND ENHANCES THE CULTURAL AND INTELLECTUAL LIFE OF THE HARBOR SPRINGS COMMUNITY. SINCE OPENING IN JULY OF 2016, THE THEATRE HAS OPERATED ON A FULL TIME BASIS, 365 DAYS PER YEAR, 12 HOURS PER DAY. THE THEATRE ALSO PARTNERS WITH LOCAL SCHOOL SYSTEMS, EDUCATIONAL CLUBS AND OTHER NON-PROFIT ORGANIZATIONS LIKE THE HARBOR SPRINGS FESTIVAL OF THE BOOK, TO PROMOTE ITS EDUCATIONAL MISSION. THE FACILITIES ARE AVAILABLE TO THE COMMUNITY AS A PLACE TO PROMOTE THE CULTURAL AND INTELLECTUAL LIFE OF THE AREA, AS WELL AS TO INDIVIDUAL RESIDENTS FOR PRESENTATIONS AND CELEBRATIONS. IT HAS BEEN A HUGE STIMULUS FOR THE LOCAL ECONOMY ATTRACTING VISITORS FROM ALL OVER MICHIGAN ALL YEAR ROUND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff V James Vice Pres/ S | OfficerTrustee | $0 | |
Michael Fitzsimons Chair, / Tre | OfficerTrustee | $0 | |
Carol Jackson Board Member | Trustee | $0 | |
Greg Renker Board Member | Trustee | $0 | |
Greer Taylor Board Member | Trustee | $0 | |
Josh Baker Board Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ironwood Construction Co Llc Construction | 12/30/16 | $2,385,290 |
Fah Architecture Pllc Architectural | 12/30/16 | $112,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $373,166 |
| Noncash contributions included in lines 1a–1f | $62,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $401,766 |
| Total Program Service Revenue | $182,484 |
| Investment income | $1,359 |
| 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 | $585,609 |
| 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. | $68,003 |
| Compensation of current officers, directors, key employees. | $20,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $827 |
| Payroll taxes | $12,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $880 |
| Fees for services: Accounting | $17,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,762 |
| Advertising and promotion | $8,629 |
| Office expenses | $3,988 |
| Information technology | $3,538 |
| Royalties | $0 |
| Occupancy | $43,219 |
| Travel | $2,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,872 |
| Insurance | $15,999 |
| All other expenses | $20,477 |
| Total functional expenses | $612,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,300 |
| Savings and temporary cash investments | $161,048 |
| 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 | $9,903 |
| Prepaid expenses and deferred charges | $11,611 |
| Net Land, buildings, and equipment | $3,967,708 |
| Investments—publicly traded securities | $267,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,420,530 |
| Accounts payable and accrued expenses | $10,528 |
| Grants payable | $0 |
| Deferred revenue | $46,962 |
| 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 | $57,490 |
| Net assets without donor restrictions | $4,363,040 |
| 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 | $4,420,530 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Harbor Springs Lyric Theatre has recieved totaling $15,005.
| Awarding Organization | Amount |
|---|---|
Verne G And Judith A Istock Foundation Chicago, IL PURPOSE: CHARITABLE ASSISTANCE | $10,000 |
James Family Charitable Foundation Charlottesville, VA PURPOSE: GENERAL | $2,500 |
Martin Family Foundation Ann Arbor, MI PURPOSE: EDUCATIONAL | $2,000 |
Frey Foundation Grand Rapids, MI PURPOSE: LYRICS THEATER CONTINUED SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Flint Cultural Center Corporation Inc Flint, MI | $82,664,438 | $21,920,278 |
Midland Center For The Arts Inc Midland, MI | $105,520,024 | $38,518,398 |
John Michael Kohler Arts Center Inc Sheboygan, WI | $91,886,755 | $7,533,321 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kohler Trust For The Arts And Education Kohler, WI | $9,068,772 | $5,585,156 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
Milwaukee County War Memorial Inc Milwaukee, WI | $14,315,972 | $2,406,675 |
Beck Center For The Arts Lakewood, OH | $7,579,389 | $3,024,551 |
The Ark Ann Arbor, MI | $4,959,177 | $2,583,819 |
The Works Ohio Center Of History Art & Technology Newark, OH | $33,943,893 | $2,939,769 |