Lyric Theatre Inc is located in Platte, SD. The organization was established in 2015. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyric Theatre 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 12/2023, Lyric Theatre Inc generated $96.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $108.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
IN 2023 THE FACILITY WAS OPERATED SOLELY WITH VOLUNTEER LABOR. THE THEATRE PRESENTED 55 MOVIES TO 6,045 VIEWERS FROM THIS AND THE SURROUNDING COMMUNITIES. THE ORGANIZATION HOSTED ONE COMMUNITY EVENT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Tegethoff Vice President | 0.5 | $0 | |
Bonnie Ringling Sec/treas/mgr | 30 | $0 | |
Deborah Foxley Board Member | 0 | $0 | |
Deanne Rasmussen Board Member | 0 | $0 | |
Patrice Mushitz Board Member | 0 | $0 | |
Shirley Johnson Board Member | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,344 |
| Total Program Service Revenue | $80,543 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$9,417 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $754 |
| Occupancy, rent, utilities, and maintenance | $24,651 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $82,548 |
| Total expenses | $107,953 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,188 |
| Other assets | $0 |
| Total assets | $172,281 |
| Total liabilities | $16,630 |
| Net assets or fund balances | $155,651 |