Lyric Theatre Of Oklahoma Inc
- Assets
- $13.5m
- Revenue
- $4.0m
- Investments
- $6.4m
- Employees
- 157
- Location
- Oklahoma City, OK
- Founding
- 01/1984
- Data as of
- 12/2021
- EIN
- 73-1001687
Organization Overview
Lyric Theatre Of Oklahoma Inc is located in Oklahoma City, OK. The organization was established in 1984. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lyric Theatre Of Oklahoma Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Theatre Of Oklahoma 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 12/2021, Lyric Theatre Of Oklahoma Inc generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS DISCUSSED IN DETAIL AT ATTM 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYRIC THEATRE'S EXEMPT PURPOSE IS DISCUSSED IN DETAIL AT ATTM 1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Baron Artistic Dir | Officer | 40 | $130,750 |
James B Reynolds Jr Managing Dir | Officer | 40 | $98,875 |
Kurt Carter VP Marketing | OfficerTrustee | 1 | $0 |
Brad Ferguson Immed. Past | OfficerTrustee | 1 | $0 |
Dr Eric Friedman VP Goverance | OfficerTrustee | 1 | $0 |
Jim Grant VP Strat. Pl | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,639,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,132,730 |
| Noncash contributions included in lines 1a–1f | $71,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,771,912 |
| Total Program Service Revenue | $980,351 |
| Investment income | $2,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $96,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,030,124 |
| 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. | $229,625 |
| Compensation of current officers, directors, key employees. | $98,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,090,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,941 |
| Payroll taxes | $99,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $126,357 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $76,954 |
| Occupancy | $47,625 |
| Travel | $12,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,348 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,666 |
| Insurance | $81,536 |
| All other expenses | $167,958 |
| Total functional expenses | $2,722,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,015,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $166,890 |
| Accounts receivable, net | $4,765 |
| 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 | $179,169 |
| Net Land, buildings, and equipment | $3,710,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,422,167 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,499,880 |
| Accounts payable and accrued expenses | $143,513 |
| Grants payable | $0 |
| Deferred revenue | $663,283 |
| 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 | $681,991 |
| Total liabilities | $1,488,787 |
| Net assets without donor restrictions | $5,064,354 |
| Net assets with donor restrictions | $6,946,739 |
| 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 | $13,499,880 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lyric Theatre Of Oklahoma Inc has recieved totaling $49,587.
| Awarding Organization | Amount |
|---|---|
Shubert Foundation Inc New York, NY PURPOSE: GENERAL OPERATING | $35,000 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: EVENT SPONSORSHIP | $13,340 |
Janet And Kenneth R Goodin Family Foundation Oklahoma City, OK PURPOSE: COMMUNITY THEATRE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $247 |
Endowment Analysis
| Beg. Balance | $5,732,462 |
| Earnings | $952,160 |
| Other Expense | $262,455 |
| Ending Balance | $6,422,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Theatre Association Of St Louis St Louis, MO | $124,521,689 | $24,643,540 |
Alley Theatre Houston, TX | $99,755,068 | $20,544,932 |
Repertory Theatre Of St Louis Saint Louis, MO | $11,243,335 | $8,131,352 |
Austin Theatre Alliance Austin, TX | $11,051,816 | $12,251,946 |
Theatre Squared Inc Fayetteville, AR | $37,817,681 | $7,945,309 |
Theater League Inc Kansas City, MO | $27,534,408 | $1,974,369 |
Dallas Theater Center Dallas, TX | $4,686,048 | $4,047,540 |
Theatre Under The Stars Inc Houston, TX | $18,210,122 | $4,859,811 |
Kansas City Repertory Theatre Inc Kansas City, MO | $16,549,534 | $6,035,764 |
Zachary Scott Theater Center Austin, TX | $13,760,280 | $6,657,993 |
A D Players Houston, TX | $31,582,319 | $3,073,769 |
Theatre Aspen Aspen, CO | $2,636,414 | $3,832,324 |