Austin Lyric Opera
- Assets
- $5.7m
- Revenue
- $4.4m
- Investments
- $2.7m
- Employees
- 138
- Location
- Austin, TX
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 74-2390496
Organization Overview
Austin Lyric Opera is located in Austin, TX. The organization was established in 1986. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Austin Lyric Opera employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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 06/2021, Austin Lyric Opera generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. 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
TO PROVIDE OPERATIC PERFORMANCES AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AUSTIN AND THE GREATER CENTRAL TEXAS COMMUNITY WITH THE PRODUCTION OF OPERATIC & MUSIC THEATRE PERFORMANCES FOR THE CULTURAL & EDUCATIONAL ENRICHMENT OF AUSTIN.
TO PROVIDE AUSTIN AND THE GREATER CENTRAL TEXAS COMMUNITY WITH THE PRODUCTION OF OPERATIC & MUSIC THEATRE PERFORMANCES FOR THE CULTURAL & EDUCATIONAL ENRICHMENT OF AUSTIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Burridge Anne M General Director | Officer | 40 | $182,011 |
Dubin Jennifer Chief Development Officer | Officer | 40 | $95,950 |
Kuhlman Eva Director Of Finance | Officer | 40 | $92,252 |
Barbaro Polly Co-Chair Development | OfficerTrustee | 2 | $0 |
Barrett Tina Education & Community Chai | OfficerTrustee | 2 | $0 |
Damore Paula Co-Chair Development | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,050 |
| Related organizations | $208,757 |
| Government grants | $423,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,954,732 |
| Noncash contributions included in lines 1a–1f | $18,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,670,785 |
| Total Program Service Revenue | $482,618 |
| Investment income | $2,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,921 |
| Net Income from Fundraising Events | $97,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,387,471 |
| 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. | $416,373 |
| Compensation of current officers, directors, key employees. | $98,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $846,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,433 |
| Payroll taxes | $101,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,857 |
| Fees for services: Other | $424,817 |
| Advertising and promotion | $119,735 |
| Office expenses | $48,457 |
| Information technology | $87,695 |
| Royalties | $0 |
| Occupancy | $262,729 |
| Travel | $76,500 |
| 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 | $15,660 |
| Insurance | $40,342 |
| All other expenses | $44,888 |
| Total functional expenses | $3,142,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,391 |
| Savings and temporary cash investments | $700,597 |
| Pledges and grants receivable | $1,697,950 |
| Accounts receivable, net | $188 |
| 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 | $120,942 |
| Net Land, buildings, and equipment | $35,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,658,915 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,499 |
| Total assets | $5,702,498 |
| Accounts payable and accrued expenses | $141,156 |
| Grants payable | $0 |
| Deferred revenue | $401,580 |
| 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 | $347,027 |
| Total liabilities | $889,763 |
| Net assets without donor restrictions | $3,199,402 |
| Net assets with donor restrictions | $1,613,333 |
| 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 | $5,702,498 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Austin Lyric Opera has recieved totaling $512,922.
| Awarding Organization | Amount |
|---|---|
Austin Community Foundation Austin, TX PURPOSE: AUSTIN OPERA FORWARD CAMPAIGN | $306,407 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: DIGITAL PROGRAMS | $175,000 |
Bbb Serving The Heart Of Texas Austin, TX PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,515 |
The Pacey Family Foundation Austin, TX PURPOSE: LIFE ENRICHMENT | $2,000 |
Endowment Analysis
| Beg. Balance | $5,515,714 |
| Earnings | $1,818,936 |
| Admin Expense | $49,783 |
| Net Contributions | $250,250 |
| Grants | $208,757 |
| Ending Balance | $7,326,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Opera Dallas, TX | $12,450,406 | $12,715,764 |
Austin Lyric Opera Austin, TX | $5,702,498 | $4,387,471 |
Tulsa Opera Inc Tulsa, OK | $1,435,247 | $3,110,348 |
New Orleans Opera Association New Orleans, LA | $1,767,831 | $2,067,617 |
Fort Worth Opera Association Inc Fort Worth, TX | $969,586 | $1,862,181 |
Opera Southwest Albuquerque, NM | $1,329,317 | $1,039,944 |
Shreveport Opera Shreveport, LA | $1,250,976 | $820,287 |
Grand Opera House Of The South Inc Crowley, LA | $3,898,280 | $425,280 |
Opera In The Heights Houston, TX | $107,147 | $473,780 |
Opera Louisiane Inc Baton Rouge, LA | $146,256 | $469,217 |
Amarillo Opera Amarillo, TX | $1,225,102 | $559,507 |
Opas Encore Inc Bryan, TX | $38,739 | $254,931 |