Lyric Arts Company Of Anoka Inc
- Assets
- $1.5m
- Revenue
- $498.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Anoka, MN
- Founding
- 11/1986
- Data as of
- 06/2021
- EIN
- 41-1513307
Organization Overview
Lyric Arts Company Of Anoka Inc is located in Anoka, MN. The organization was established in 1986. 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 06/2021, Lyric Arts Company Of Anoka Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Arts Company Of Anoka 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 06/2021, Lyric Arts Company Of Anoka Inc generated $498.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $581.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LYRIC ARTS' MISSION IS TO ENRICH LIVES BY CREATING MEANINGFUL PERFORMING ARTS EXPERIENCES THAT IGNITE THE IMAGINATION, INSPIRE THE SPIRIT, AND ENGAGE THE COMMUNITY. WE ARE A PROFESSIONAL THEATER, DEEPLY ROOTED IN THE COMMUNITIES WE SERVE, PRODUCING INCLUSIVE WORK THAT ENTERTAINS, EDUCATES, STIMULATES, AND IS REFLECTIVE OF THE DIVERSE PERSPECTIVES OF OUR AUDIENCES AND ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHILE SHUTTERED TO IN-PERSON AUDIENCES FOR THE ENTIRE FISCAL YEAR DUE TO THE COVID-19 PANDEMIC, LYRIC ARTS WAS ABLE TO FUFILL ITS MISSION THROUGH STREAMED VIRTUAL PERFORMANCES. HUNDRED OF HOUSEHOLDS STREAMED PERFORMANCE OF SIX DIFFERENT PRODUCTIONS THROUGHOUT THE FISCAL YEAR. THE LYRIC ARTS EDUCATION PROGRAM WAS ALSO ABLE TO SERVE THE COMMUNITY AND STUDENTS THROUGH VIRTUAL WORKSHOPS AND COVID-CAUTIOUS IN-PERSON WORKSHOPS. LYRIC ARTS ALSO REMAINED FISCALLY STRONG THROUGHOUT THE SHUTTERED FISCAL YEAR DUE TO STRONG GOVERNANCE AND FUNDRAISING. CALENDAR YEAR 2020 WAS ITS MOST SUCCESSFUL FUNDRAISING YEAR EVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Tahja Johnson Artistic & Executive Direc | Officer | 50 | $47,298 |
Jennifer Lundquist Vice Chairperson | OfficerTrustee | 1 | $0 |
Jackie Bortnem Treasurer | OfficerTrustee | 1 | $0 |
Jeff Danovsky Chairperson | Trustee | 1 | $0 |
Kira Campbell Secretary | Trustee | 1 | $0 |
David Vandergriff Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,331 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $349,742 |
| Total Program Service Revenue | $43,535 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $498,836 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $219,008 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,080 |
| Payroll taxes | $15,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,572 |
| Advertising and promotion | $1,694 |
| Office expenses | $6,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,475 |
| Insurance | $21,815 |
| All other expenses | $63,481 |
| Total functional expenses | $581,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,460 |
| Accounts receivable, net | $98,492 |
| 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 | $95,152 |
| Net Land, buildings, and equipment | $1,155,464 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,537,270 |
| Accounts payable and accrued expenses | $41,797 |
| Grants payable | $0 |
| Deferred revenue | $105,456 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $485,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $782,253 |
| Net assets without donor restrictions | $745,017 |
| Net assets with donor restrictions | $10,000 |
| 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 | $1,537,270 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Lyric Arts Company Of Anoka Inc has recieved totaling $15,867.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $10,275 |
Sampson Family Charitable Foundation Eden Prairie, MN PURPOSE: CHARITABLE | $2,500 |
Deal Family Foundation Anoka, MN PURPOSE: TO ADVANCE CHARITABLE CAUSE | $2,000 |
Land O L Foundation St Paul, MN PURPOSE: DOLLARS FOR DOERS | $500 |
Land O L Foundation St Paul, MN PURPOSE: DOLLARS FOR DOERS | $250 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Theatre Foundation Minneapolis, MN | $150,141,249 | $18,685,485 |
Milwaukee Repertory Theater Inc Milwaukee, WI | $57,957,999 | $35,719,750 |
Childrens Theater Company And School Minneapolis, MN | $29,046,375 | $9,573,718 |
American Players Theatre Of Wisconsin Inc Spring Green, WI | $23,897,771 | $10,669,807 |
Hennepin Theatre Tr Minneapolis, MN | $22,588,604 | $4,825,873 |
Pabst Theater Foundation Inc Milwaukee, WI | $14,353,453 | $8,621,639 |
First Stage Milwaukee Inc Performing Arts Center Milwaukee, WI | $6,621,805 | $4,479,947 |
Duluth Playhouse Inc Duluth, MN | $18,649,161 | $3,003,530 |
Stages Theatre Company Inc Hopkins, MN | $3,890,708 | $3,759,025 |
Playwrights Center Inc Minneapolis, MN | $3,908,050 | $3,263,756 |
Childrens Theater Of Madison Inc Madison, WI | $744,521 | $1,901,804 |
Englert Civic Theatre Inc Non Profit Iowa City, IA | $7,526,488 | $2,477,327 |