Lyric Theatre And Cultural Arts Center is located in Lexington, KY. The organization was established in 2011. 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 06/2022, Lyric Theatre And Cultural Arts Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Theatre And Cultural Arts Center 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 06/2022, Lyric Theatre And Cultural Arts Center generated $450.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $323.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LYRIC THEATRE & CULTURAL ARTS CENTER IS TO PRESERVE, PROMOTE, PRESENT, AND CELEBRATE DIVERSE CULTURES THROUGH ARTISTIC PRESENTATIONS OF THE HIGHEST QUALITY, EDUCATIONAL PROGRAMMING AND OUTREACH, FILM, AND OPPORTUNITIES FOR COMMUNITY INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LYRIC HAS EFFECTIVELY ACHIEVED ITS MISSION OF PRESERVING, PROMOTING, PRESENTING, AND CELEBRATING DIVERSE CULTURES, EMPHASIZING AFRICAN AMERICAN CULTURAL HERITAGE THROUGH SIGNIFICANT EVENTS. NOTABLY, JUNETEENTH (JUNE 19. 2022), THE SIDNEY POITIER FILM FESTIVAL (WINTER 2022), CLAUDETTE KING'S PERFORMANCE (OCTOBER 23, 2021), AND WOODSONGS OLD TIME RADIO (WEEKLY EVENT) HAVE PROVIDED OPPORTUNITIES FOR ARTISTIC PRESENTATIONS, EDUCATIONAL PROGRAMMING, OUTREACH, AND COMMUNITY INCLUSION. IN ADDITION, THESE EVENTS HAVE FACILITATED THE COMMUNITY'S EDUCATION ON THE HISTORY AND IMPORTANCE OF AFRICAN AMERICAN CULTURAL HERITAGE, RESULTING IN INCREASED CULTURAL DIVERSITY, INCLUSIVITY, EDUCATION, APPRECIATION, AND COMMUNITY ENGAGEMENT.JUNETEENTH COMMEMORATES THE EMANCIPATION OF ENSLAVED AFRICANS IN AMERICA. THE SIDNEY POITIER FILM FESTIVAL SHOWCASES A CURATED SELECTION OF FILMS HIGHLIGHTING AFRICAN AMERICAN CULTURAL HERITAGE AND CONTRIBUTIONS TO THE FILM INDUSTRY. CLAUDETTE KING'S PERFORMANCE HONORS THE BLUES GENRE AND THE LEGACY OF AFRICAN AMERICAN ARTISTS WHILE PROMOTING COMMUNITY INCLUSION AND UNDERSTANDING. THE WOODSONGS OLD-TIME RADIO HOUR, PRODUCED AND HOSTED BY FOLKSINGER MICHAEL JOHNATHON, PROVIDES A PLATFORM FOR DIVERSE MUSICIANS AND PERFORMERS TO SHOWCASE THEIR TALENTS AND CONTRIBUTE TO PRESERVING AND CELEBRATING CULTURAL DIVERSITY. REFLECTIONS DRAG SHOW (APRIL 24, 2022) PROMOTES DIVERSITY, INCLUSION, AND BELONGING BY BREAKING TRADITIONAL GENDER NORMS AND EXPANDING OUR UNDERSTANDING OF GENDER IDENTITY AND EXPRESSION. IT WELCOMES INDIVIDUALS WHO MAY NOT FEEL ACCEPTED IN CONVENTIONAL GENDER ROLES AND ENCOURAGES APPRECIATION FOR THE CREATIVITY AND UNIQUE TALENTS OF THE PERFORMERS, REGARDLESS OF GENDER IDENTITY. THE SHOW FOSTERS COMMUNITY BY PROVIDING A PLATFORM FOR AUTHENTIC EXPRESSION AND BUILDING CONNECTIONS AMONG DIVERSE INDIVIDUALS.OVERALL, THE LYRIC'S EVENTS HAVE IMPACTED THE COMMUNITY BY PROMOTING CULTURAL DIVERSITY, INCLUSIVITY, EDUCATION, AND AFRICAN AMERICAN CULTURAL HERITAGE APPRECIATION. THEY HAVE ALSO PROVIDED OPPORTUNITIES FOR COMMUNITY ENGAGEMENT AND UNDERSTANDING, CONTRIBUTING TO BUILDING A STRONGER AND MORE CONNECTED COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christian Adair President | OfficerTrustee | 2 | $0 |
Carolyn Dunn Secretary | OfficerTrustee | 2 | $0 |
Wallace Barber Treasurer | OfficerTrustee | 2 | $0 |
Frank Walker Vice Chair | OfficerTrustee | 2 | $0 |
James Brown Director | Trustee | 1 | $0 |
Suzanne Leibee Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $59,219 |
All other contributions, gifts, grants, and similar amounts not included above | $88,335 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $147,554 |
Total Program Service Revenue | $180,090 |
Investment income | $3,650 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $118,775 |
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 | $354 |
Miscellaneous Revenue | $0 |
Total Revenue | $450,573 |
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. | $67,712 |
Compensation of current officers, directors, key employees. | $27,085 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $103,978 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,144 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,858 |
Advertising and promotion | $3,258 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $274 |
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 | $1,948 |
Insurance | $5,861 |
All other expenses | $5,217 |
Total functional expenses | $323,107 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $493,900 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $4,547 |
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 | $0 |
Prepaid expenses and deferred charges | $281 |
Net Land, buildings, and equipment | $1,678 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $500,406 |
Accounts payable and accrued expenses | $62,612 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $62,612 |
Net assets without donor restrictions | $430,779 |
Net assets with donor restrictions | $7,015 |
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 | $500,406 |