Commonwealth Lyric Theater Inc is located in Newton Center, MA. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Lyric Theater 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 12/2022, Commonwealth Lyric Theater Inc generated $99.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $139.6k during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CREATING AND PERFORMING OPERAS, MUSICAL PLAYS AND CONCERTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Prokhorov President | 40 | $61,100 | |
Ekaterina Sharashidze Voskamp Treasurer | 0 | $0 | |
Irina Prokhorov Clerk | 0 | $0 | |
Lali Valois Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,791 |
| Total Program Service Revenue | $66,182 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,973 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,449 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $69,848 |
| Total expenses | $139,597 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,831 |
| Other assets | $0 |
| Total assets | $2,831 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,831 |