Friends Of The Lyric Inc
- Assets
- $5.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 48
- Location
- Stuart, FL
- Founding
- 04/1989
- Data as of
- 09/2022
- EIN
- 65-0016846
Organization Overview
Friends Of The Lyric Inc is located in Stuart, FL. The organization was established in 1989. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Friends Of The Lyric Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Lyric 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 09/2022, Friends Of The Lyric Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.4m during the year ending 09/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE THE COMMUNITY WITH A HOME FOR THE PERFORMING ARTS THAT ENTERTAINS, EDUCATES, AND STIMULATES THE GROWTH OF ARTISTIC INTEGRITY AND EXPERIENCE FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE LYRIC PRESENTS A VARIETY OF ENTERTAINMENT PROGRAMMING, INCLUDING RHYTHM AND BLUES, ROCK AND ROLL, JAZZ, BLUES, COUNTRY, POP, CLASSICAL, DANCE, LECTURES, FILMS, AND MORE, PROVIDING ENTERTAINMENT TO OVER 60,000 PATRONS ANNUALLY. SINCE 1997, ARTS AND EDUCATION PROGRAMS HAVE BEEN PROVIDED TO AREA STUDENTS AND FAMILIES, INCLUDING MASTER CLASS AND RESIDENCY OPPORTUNITIES; A SERIES OF SCHOOL-TIME SHOWS EXPOSING STUDENTS TO LIVE THEATRE AND CORRELATING THEATRICAL CONTENT TO STANDARDS-BASED CURRICULUM; AND SHOWS AND EVENTS FOR FAMILIES TO EXPERIENCE LIVE ENTERTAINMENT TOGETHER.
SINCE ITS COMMENCEMENT IN 2011, SUMMER CAMP HAS HOSTED OVER 1,500 CHILDREN. THE CAMP UTILIZES PERFORMING ARTS, SUCH AS DRAMA, DANCE, MUSIC, AND TECHNICAL THEATRE, TO TEACH CAMPERS ABOUT TEAMWORK, SELF-DISCIPLINE, PROBLEM-SOLVING, TOLERANCE, AND KINDNESS. SUMMER CAMP IS OFFERED AT AN AFFORDABLE RATE. SOME AREA FAMILIES REQUIRE FINANCIAL AID, AND FRIENDS OF THE LYRIC PROVIDES SCHOLARSHIPS TO FAMILIES DEMONSTRATING FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kia Fontaine President/ceo | Officer | 40 | $183,280 |
Todd Laycock Board Chair | OfficerTrustee | 1 | $0 |
Mary Laub Cowan Board Vice Chair | OfficerTrustee | 1 | $0 |
Elliot M Paul Board Vice Chair | OfficerTrustee | 0.5 | $0 |
Harold Walsh Treasurer | OfficerTrustee | 1 | $0 |
Priscilla Baldwin Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $502,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $835,650 |
| Noncash contributions included in lines 1a–1f | $26,307 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,338,484 |
| Total Program Service Revenue | $1,679,967 |
| Investment income | $3,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$97 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $50,512 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,072,716 |
| 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. | $170,030 |
| Compensation of current officers, directors, key employees. | $41,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,135 |
| Payroll taxes | $50,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,011 |
| Advertising and promotion | $155,051 |
| Office expenses | $17,971 |
| Information technology | $8,741 |
| Royalties | $0 |
| Occupancy | $129,302 |
| Travel | $0 |
| 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 | $203,800 |
| Insurance | $94,292 |
| All other expenses | $10,579 |
| Total functional expenses | $2,433,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100 |
| Savings and temporary cash investments | $2,221,269 |
| Pledges and grants receivable | $261,990 |
| Accounts receivable, net | $2,898 |
| 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 | $125,918 |
| Net Land, buildings, and equipment | $3,310,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,280 |
| Total assets | $5,924,513 |
| Accounts payable and accrued expenses | $75,312 |
| Grants payable | $0 |
| Deferred revenue | $739,297 |
| 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 | $814,609 |
| Net assets without donor restrictions | $4,847,914 |
| Net assets with donor restrictions | $261,990 |
| 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 | $5,924,513 |