Friends Of The Lyric Inc

Organization Overview

Friends Of The Lyric Inc is located in Stuart, FL. The organization was established in 1989. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Friends Of The Lyric Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Lyric 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 09/2021, Friends Of The Lyric Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE COMMUNITY WITH A HOME FOR THE PERFORMING ARTS THAT ENTERTAINS, EDUCATES, AND STIMULATES THE GROWTH OF ARTISTIC INTEGRITY AND EXPERIENCE FOR EVERYONE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRODUCTION OF CONCERTS, PLAYS, LECTURES, AND OTHER PERFORMANCES BY THE ORGANIZATION; PRESERVATION OF A HISTORIC THEATRE BUILDING; RENTAL OF THEATRE TO COMMUNITY GROUPS FOR CEREMONIES & SHOWS.


SUMMER CAMP CREATED TO FACILITATE THE EDUCATION OF LOCAL YOUTH. THE SUMMER CAMP INCLUDED THE PRODUCTION OF PLAYS AND OTHER ACTIVITIES RELATED TO THE ARTS. DUE TO THE IMPACT OF COVID-19, THERE WAS NO SUMMER CAMP HELD SUMMER OF 2021.


PRODUCTION OF CONCERTS, PLAYS, LECTURES, AND OTHER PERFORMANCES BY THE ORGANIZATION; PRESERVATION OF A HISTORIC THEATRE BUILDING; RENTAL OF THEATRE TO COMMUNITY GROUPS FOR CEREMONIES & SHOWS.


SUMMER CAMP CREATED TO FACILITATE THE EDUCATION OF LOCAL YOUTH. THE SUMMER CAMP INCLUDED THE PRODUCTION OF PLAYS AND OTHER ACTIVITIES RELATED TO THE ARTS. DUE TO THE IMPACT OF COVID-19, THERE WAS NO SUMMER CAMP HELD SUMMER OF 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Kia Fontaine
President/ceo
$172,916
Todd Laycock
Board Chair
$0
Priscilla Baldwin
Secretary
$0
Harold Walsh
Treasurer
$0
Mary Laub Cowan
Board Vice Chair
$0
Frank M Byers Jr
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$608,945
Related organizations$0
Government grants $366,370
All other contributions, gifts, grants, and similar amounts not included above$1,536,151
Noncash contributions included in lines 1a–1f $139,465
Total Revenue from Contributions, Gifts, Grants & Similar$2,511,466
Total Program Service Revenue$19,967
Investment income $1,147
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$131,916
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,400,664

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Friends Of The Lyric Inc has recieved totaling $181,000.

Awarding OrganizationAmount
Community Foundation Martin St Lucie Inc

Stuart, FL

PURPOSE: OPERATING AND PROGRAM SUPPORT

$125,000
Morgridge Family Foundation

Wilmington, DE

PURPOSE: SUPPORT THE NEXT ACT CAMPAIGN TO RESTORE THE HISTORIC THEATRE

$10,000
Community Foundation Martin St Lucie Inc

Stuart, FL

PURPOSE: OPERATING AND PROGRAM SUPPORT

$10,000
The Fine Foundation

Pittsburgh, PA

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$6,500
Risen Son Foundation Inc

Amherst, NY

PURPOSE: DIRECTORS CIRCLE

$5,000
View Grant Recipient Profile

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