Lyric Opera Qalicb Inc

Organization Overview

Lyric Opera Qalicb Inc is located in Kansas City, MO. Lyric Opera Qalicb Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 06/2019, Lyric Opera Qalicb Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $521.8k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD TITLE TO PROPERTY, COMPLETE CONSTRUCTION OF THE OPERA CENTER AND LEASE SAID PROPERTY BACK TO THE LYRIC OPERA OF KANSAS CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN JULY 2018, THE NEW MARKET TAX CREDIT ENDED ITS COMPLIANCE PERIOD AND WAS UNWOUND. THE ASSETS HELD, INCLUDING THE BUILDING, WERE DONATED TO THE LYRIC OPERA OF KANSAS CITY. THE QALICB DISSOLVED IN THE CURRENT FISCAL YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Bruening
Vice President
$0
Don Dagenais
Secretary/treasurer
$0
Joyce G Holland
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$315,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,648,100
Noncash contributions included in lines 1a–1f $2,648,100
Total Revenue from Contributions, Gifts, Grants & Similar$2,963,100
Total Program Service Revenue$141,750
Investment income $6
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $3,104,856

Grants Awarded

Over the last fiscal year, Lyric Opera Qalicb Inc has awarded $116,424 in support to 2 organizations.

Grant RecipientAmount

THE LYRIC OPERA OF KANSAS CITY

Org PageRecipient Profile

Kansas City, MO

PURPOSE: GRANT FOR EXPENSES INCURRED WITH CLOSING OF CAPITAL PURCHASE.

$107,424

THE LYRIC OPERA OF KANSAS CITY FOUNDATION

Org PageRecipient Profile

Kansas City, MO

PURPOSE: IN SUPPORT OF THE LYRIC OPERA CAPITAL CAMPAIGN TO PAY DOWN THE DEBT HELD BY THE LYRIC OPERA FOUNDATION.

$9,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lyric Opera Qalicb Inc has recieved totaling $315,000.

Awarding OrganizationAmount
Lyric Opera Of Kansas City Inc

Kansas City, MO

PURPOSE: GRANT FOR QALICB UNWIND TRANSACTIONS.

$315,000
View Grant Recipient Profile

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