The Lyric Council Inc

Organization Overview

The Lyric Council Inc is located in Blacksburg, VA. The organization was established in 1995. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Lyric Council Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Council 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 12/2023, Lyric Council Inc generated $376.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $431.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENHANCE COMMUNITY PARTICIPATION IN ARTS AND CULTURE BY MAINTAINING AND PRESERVING THE LYRIC THEATRE AND ESTABLISHING AND PROMOTING BLACKSBURG, VIRGINIA AS AN ARTS DESTINATION FOR THE REGION.


TO FOSTER AND PROMOTE ARTS AND CULTURE IN THE NEW RIVER VALLEY BY PROVIDING: VISIBILITY FOR REGIONAL ARTS ORGANIZATIONS; INFORMATION ON ARTS AND CULTURAL EVENTS; SPACE TO SHARE RESOURCES, BUILD NETWORKS, AND FACILITATE COMMUNICATION.


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Board, Officers & Key Employees

Name (title)Compensation
Seth Davis
Executive Director (current)
$41,789
Susan Mattingly
Executive Director (prior)
$27,955
Kim Carlson
Chair
$0
Kevin Wills
Vice Chair
$0
Victoria Cochran
Secretary
$0
Jason Pospichal
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$66,692
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$63,459
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$130,151
Total Program Service Revenue$215,118
Investment income $606
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 $30,536
Miscellaneous Revenue$0
Total Revenue $376,411

Peer Organizations

Organization NameAssets
North Carolina Performing Arts Center At Charlotte Foundation
Charlotte, NC
$45,746,637
Tennessee Performing Arts Center Management Corporation
Nashville, TN
$25,885,364
Historic Tennessee Theatre Foundation
Knoxville, TN
$18,045,140
Louisville Theatrical Association
Louisville, KY
$11,227,516
Lyric Foundation Inc
Baltimore, MD
$9,818,271
Strathmore Hall Foundation Inc
North Bethesda, MD
$8,322,288
Washington Performing Arts Society
Washington, DC
$4,794,870
Luther F Carson Four Rivers Center Inc
Paducah, KY
$8,140,961
Maryland Hall For The Creative Arts Inc
Annapolis, MD
$3,966,832
Arts Of Southern Kentucky Inc
Bowling Green, KY
$4,740,455
Belcourt Theatre Inc
Nashville, TN
$3,381,310
Atlas Performing Arts Center
Washington, DC
$2,775,528
Academy Center Of The Arts Inc
Lynchburg, VA
$2,549,867
Hippodrome Foundation Inc
Baltimore, MD
$12,259,696
Maryland Theatre Association Inc
Hagerstown, MD
$2,112,353
Bijou Theater Center
Knoxville, TN
$3,906,222
Pack Place Performing Arts
Asheville, NC
$1,932,942
North Carolina Soybean Producers
Raleigh, NC
$2,484,273
Words Beats And Life Inc
Washington, DC
$1,939,183
Zeiders American Dream Theater
Virginia Beach, VA
$1,666,651
Avalon Theatre Project Inc
Washington, DC
$1,586,949
Federal City Performing Arts Association Inc
Washington, DC
$1,332,095
The National Theatre Foundation
Washington, DC
$1,353,760
Richmond Performing Arts Alliance
Richmond, VA
$2,881,535
Maryland Grain Producers Utilization Board Inc
Chester, MD
$1,749,094

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