Lyric Opera Of Chicago

Organization Overview

Lyric Opera Of Chicago is located in Chicago, IL. The organization was established in 1957. 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, Lyric Opera Of Chicago employed 836 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Opera Of Chicago 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 06/2020, Lyric Opera Of Chicago generated $60.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $77.0m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

LYRIC OPERA OF CHICAGO EXISTS TO PROVIDE A BROAD, DEEP, AND RELEVANT CULTURAL SERVICE TO THE CHICAGO REGION AND THE NATION AND TO ADVANCE THE DEVELOPMENT OF THE ART FORM OF OPERA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LRYIC PERFORMED 2 LIVE OUTDOOR OPERA PERFORMANCES, HANSEL & GRETEL AND TWILIGHT GODS. THE PERFORMANCES WERE ATTENDED BY APPROXIMIATELY 1,019 PEOPLE. LYRIC ALSO ENHANCED ITS DIGITAL PROGRAMING, WHICH KEPT LONGSTANDING AUDIENCES ENGAGED AND ALSO ATTRACTED A NEW, GLOBAL AUDIENCE, INCLUDING MANY WITH NO PREVIOUS CONECTION TO LYRIC. LYRIC PRODUCED 11 DIGITAL EVENTS WITH DIGITAL VIEWERSHIP TOPPING 250,000, AND RECORDED AN ADDITIONAL LIVE PERFORMANCE (PAGLIACCI) WHICH WAS STREAMED IN FISCAL YEAR 2022.


LYRIC UNLIMITED, AN INITIATIVE OF LYRIC OPERA OF CHICAGO, OFFERS A MULTIFACETED PROGRAM OF EXPANDED COMMUNITY ENGAGEMENT AND ARTISTIC INITIATIVES AND INCLUDES LYRIC'S LONGSTANDING EDUCATIONAL PROGRAMS. LYRIC SEEKS TO ENRICH THE LIVES OF CHICAGO-AREA CHILDREN AND ADULTS THROUGH HIGH-QUALITY, ACCESSIBLE ARTS EDUCATION, WHICH FOCUSES ON CULTIVATING A LIFELONG APPRECIATION OF OPERA AND CREATING AUDIENCES FOR THE FUTURE. LYRIC'S SCHOOL PROGRAMS EMBRACE ARTS EDUCATION AS A CORE SUBJECT AND PROMOTE CROSS-CURRICULAR INTEGRATION WHILE FULFILLING STATE LEARNING STANDARDS. COMMUNITY PROGRAMS PROVIDE EDUCATION ON A VARIETY OF LEVELS, FROM NOVICE TO EXPERT, WHICH HEIGHTEN THE OPERA-GOING EXPERIENCE. 20 YOUTH AND ADULT PROGRAMS WERE HELD THROUGHOUT THE YEAR. MOST OF THESE ACTIVITIES TOOK PLACE VIRTUALLY. ATTENDANCE FOR THESE EDUCATIONAL ACTIVITIES TOTALED APPROXIMATELY 1,350. PLEASE NOTE, AS REQUIRED BY THE INSTRUCTIONS, THE REVENUE DISCLOSED HERE DOES NOT INCLUDE CONTRIBUTED REVENUE FOR THESE PROGRAMS.


DURING THE FISCAL YEAR, THERE WERE NO PRESENTATIONS OR EVENTS HELD IN THE FACILITY. HOWEVER, DINING SPACE WAS USED BY BUILDING MANAGEMENT


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bay Productions Ltd
Theater Company
$757,922
Bulley & Andrews Concrete Restoration Llc
Construction Company
$1,934,791
Navigator Topco Lp
Machining Manufacturer
$1,011,541
Hms Media Inc
Video Production
$739,177
Mcdermott Will & Emery Llp
Legal
$676,844
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$36,568,721
Investment income $3,351,639
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,731,656
Net Income from Fundraising Events -$371,452
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $266,123
Miscellaneous Revenue$0
Total Revenue $60,302,671

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lyric Opera Of Chicago has recieved totaling $50,000.

Awarding OrganizationAmount
David And Orit Carpenter Foundation

Chicago, IL

PURPOSE: GENERAL PURPOSE

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$52,197,208
Earnings$14,419,253
Admin Expense$524,256
Net Contributions$4,364,692
Other Expense$2,405,839
Ending Balance$68,051,058

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