Civic Intelligence

Lyric Opera Foundation Inc

990 • Fiscal year 2016 • EIN 27-0813566

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileN/A
110 West Mount Royal Avenue No 101Baltimore, MD 21201

(410) 900-1155

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.39x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.84x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

45th percentile

1.4%

Higher net margin than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$808,699

Down $116,142 (-13%) from 2015

Net Assets

Up

$491,925

Up $4,093 (+0.8%) from 2015

Liabilities

Down

$316,774

Down $120,235 (-28%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin45th percentile

Revenue

Up

$378,279

Up $88,461 (+31%) from 2015

Expenses

Up

$373,119

Up $149,506 (+67%) from 2015

Net Income

Down

$5,160

Down $61,045 (-92%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2010: $18,750Liabilities 2010: $0Net Assets 2010: $18,7502010Assets 2011: $209,865Liabilities 2011: $0Net Assets 2011: $209,8652011Assets 2012: $327,875Liabilities 2012: $0Net Assets 2012: $327,8752012Assets 2013: $499,044Liabilities 2013: $139,809Net Assets 2013: $359,2352013Assets 2014: $717,829Liabilities 2014: $295,779Net Assets 2014: $422,0502014Assets 2015: $924,841Liabilities 2015: $437,009Net Assets 2015: $487,8322015Assets 2016: $808,699Liabilities 2016: $316,774Net Assets 2016: $491,9252016Assets 2018: $146,019Liabilities 2018: $0Net Assets 2018: $146,0192018Assets 2019: $267,621Liabilities 2019: $84,475Net Assets 2019: $183,1462019Assets 2020: $255,270Liabilities 2020: $794Net Assets 2020: $254,4762020Assets 2021: $257,898Liabilities 2021: $1,889Net Assets 2021: $256,0092021Assets 2022: $316,374Liabilities 2022: -$346Net Assets 2022: $316,7202022Assets 2023: $343,410Liabilities 2023: $1,880Net Assets 2023: $341,5302023Assets 2024: $305,886Liabilities 2024: $10,570Net Assets 2024: $295,3162024Assets 2025: $303,433Liabilities 2025: $8,674Net Assets 2025: $294,7592025

Highlighted filing

2016

Assets$808,699
Liabilities$316,774
Net Assets$491,925
Open 2016 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $88,279Expenses 2010: $69,529Net Income 2010: $18,7502010Expenses 2011: $161,8362011Expenses 2012: $281,4252012Expenses 2013: $600,1912013Revenue 2014: $336,168Expenses 2014: $275,510Net Income 2014: $60,6582014Revenue 2015: $289,818Expenses 2015: $223,613Net Income 2015: $66,2052015Revenue 2016: $378,279Expenses 2016: $373,119Net Income 2016: $5,1602016Revenue 2018: $352,574Expenses 2018: $206,555Net Income 2018: $146,0192018Revenue 2019: $358,808Expenses 2019: $251,302Net Income 2019: $107,5062019Revenue 2020: $236,525Expenses 2020: $248,510Net Income 2020: -$11,9852020Revenue 2021: $174,559Expenses 2021: $173,026Net Income 2021: $1,5332021Revenue 2022: $234,693Expenses 2022: $173,982Net Income 2022: $60,7112022Revenue 2023: $302,691Expenses 2023: $277,881Net Income 2023: $24,8102023Revenue 2024: $305,432Expenses 2024: $351,646Net Income 2024: -$46,2142024Revenue 2025: $407,333Expenses 2025: $407,890Net Income 2025: -$5572025

Highlighted filing

2016

Revenue$378,279
Expenses$373,119
Net Income$5,160
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$378,279
Mission and Program Overview

Mission

Organized to raise resources for the promotion and production of operas at the patricia & arthur modell performing arts center at the lyric.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$168,501$26,594▼ $141,907
Investments Program Related$20,899$19,998▼ $901
Pledges and Grants Receivable$4,517--
Total Assets$924,841$808,699▼ $116,142
Other Assets Total$730,924$762,107▲ $31,183
Liabilities
Other Liabilities$437,009$316,774▼ $120,235
Total Liabilities$437,009$316,774▼ $120,235
Net Assets / Fund Balance
Unrestricted Net Assets$466,933$471,927▲ $4,994
Permanently Rstr Net Assets$20,899$19,998▼ $901
Total Net Assets Fund Balance$487,832$491,925▲ $4,093
Total Liabilities and Net Assets / Fund Balance$924,841$808,699▼ $116,142

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$762,107--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$20,899-▼ $901-$19,998
2014$21,256-▼ $357-$20,899
2013$13,074$6,000▲ $2,182-$21,256
2012-$12,740▲ $334-$13,074
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Mr Cleaveland MillerChairman
Mr John DenickCo-chairman
Revenue and Support

Revenue Composition

Contributions and Grants
$378,113
Program Service Revenue
$0
Investment Income
$166
Other Revenue
$0
All Other Contributions
$378,113
Change in Net Assets
$5,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$350,000
Other Expenses$23,119
Total Fundraising Expense$16,619
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$350,000--$350,000
Other Expenses--$16,619$16,619
Fees for Services Accounting-$6,500-$6,500
Total Functional Expenses$350,000$6,500$16,619$373,119
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lyric Foundation IncBaltimore, MD501(c)(3)To Fund the Production of the Opera at the Lyric.$350,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Lyric Foundation, Inc.$316,774
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The organization provides the governing body with a draft of the 990. The 990 is reviewed and apporoved by the governing body before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request and also on the maryland secretary of state's charities and legal services division website.”

Filing and Contact Details

Filer

Filer Name
Lyric Opera Foundation Inc
EIN
27-0813566
Phone
4109001155
Address
110 WEST MOUNT ROYAL AVENUE NO 101, BALTIMORE, MD 21201

Signing Officer

Name
Cleaveland Miller
Title
Co-vice Chairman
Phone
4109001155
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cleaveland Miller
Formed
2009
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
20

Preparer

Firm
Nardone Pridgeon & Company Pa
Address
201 W PADONIA ROAD STE 400, TIMONIUM, MD 21093
Preparer
Leonard C Nardone
Phone
4104530060
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowment funds is to support the production of operas at the patricia & arthur modell performing arts center at the lyric.”

PART X, LINE 2:

“The foundation adopted the standard on accounting for and disclosure of uncertain tax positions in accordance with the financial accounting standards board ("fasb") codification 740 income taxes. The standard prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It requires that an entity recognize in the financial statements the impact of a tax position if that position is more likely than not to be sustained on audit, based on the technical merits of the position. The standard also provides clarification on de-recognition, balance sheet classification, interest and penalties, and footnote disclosures. There were no significant uncertain tax positions taken by the foundation, it's subsidiaries and affiliate as of june 30, 2016. Tax returns for fiscal years 2016, 2015, 2014 and 2013 remain subject to examination by the taxing authorities.”

Raw XML Appendix337 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LYRIC FOUNDATION, INC.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE PRODUCTION OF OPERAS AT THE PATRICIA & ARTHUR MODELL PERFORMING ARTS CENTER AT THE LYRIC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ADOPTED THE STANDARD ON ACCOUNTING FOR AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") CODIFICATION 740 INCOME TAXES. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT REQUIRES THAT AN ENTITY RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE STANDARD ALSO PROVIDES CLARIFICATION ON DE-RECOGNITION, BALANCE SHEET CLASSIFICATION, INTEREST AND PENALTIES, AND FOOTNOTE DISCLOSURES. THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS TAKEN BY THE FOUNDATION, IT'S SUBSIDIARIES AND AFFILIATE AS OF JUNE 30, 2016. TAX RETURNS FOR FISCAL YEARS 2016, 2015, 2014 AND 2013 REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND THE PRODUCTION OF THE OPERA AT THE LYRIC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LYRIC FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0526080460
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0110 WEST MT ROYAL AVE STE 101
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BALTIMORE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021201
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN ADDITION TO THEIR PRIMARY FUNCTION OF RAISING FUNDS FOR THE PRODUCTION OF OPERAS, THE BOARD OF THE LYRIC OPERA FOUNDATION PARTICIPATES IN THE SELECTION OF THE OPERAS TO BE PERFORMED IN THE FUNDING YEAR AND REVIEWS THE OPERATING EXPENSES ASSOCIATED WITH EACH OF THE PRODUCTIONS AT THEIR CONCLUSION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE H, PART II, LINE 1
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES THE GOVERNING BODY WITH A DRAFT OF THE 990. THE 990 IS REVIEWED AND APPOROVED BY THE GOVERNING BODY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ALSO ON THE MARYLAND SECRETARY OF STATE'S CHARITIES AND LEGAL SERVICES DIVISION WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0924841
IRS990/TotalAssetsEOYAmt0808699
IRS990/TotalAssetsGrp/BOYAmt0924841
IRS990/TotalAssetsGrp/EOYAmt0808699
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0378113
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016619
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0350000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0437009
IRS990/TotalLiabilitiesEOYAmt0316774
IRS990/TotalLiabilitiesGrp/BOYAmt0437009
IRS990/TotalLiabilitiesGrp/EOYAmt0316774
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0487832
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0491925
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0350000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0166
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0378279
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0924841
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0808699
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0466933
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0471927
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0110 WEST MOUNT ROYAL AVENUE STE 101
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021201
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLEAVELAND MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-VICE CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04109001155
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYRIC OPERA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LYRI
ReturnHeader/Filer/EIN0270813566
ReturnHeader/Filer/PhoneNum04109001155
ReturnHeader/Filer/USAddress/AddressLine1Txt0110 WEST MOUNT ROYAL AVENUE NO 101
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521707356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NARDONE PRIDGEON & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 W PADONIA ROAD STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TIMONIUM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021093
ReturnHeader/PreparerPersonGrp/PhoneNum04104530060
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEONARD C NARDONE
ReturnHeader/ReturnTs02017-05-15T09:50:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$808,699
Liabilities
$316,774
Net assets
$491,925
Revenue
$378,279
Expenses
$373,119
Net income
$5,160
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.03$0.09$2.95$4.07$4.08$0.01
2024Detailed filing. Detailed filing data is available for this year.$3.06$0.11$2.95$3.05$3.52$0.46
2023Detailed filing. Detailed filing data is available for this year.$3.43$0.02$3.42$3.03$2.78$0.25
2022Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.17$2.35$1.74$0.61
2021Detailed filing. Detailed filing data is available for this year.$2.58$0.02$2.56$1.75$1.73$0.02
2020Detailed filing. Detailed filing data is available for this year.$2.55$0.01$2.54$2.37$2.49$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.68$0.84$1.83$3.59$2.51$1.08
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$3.53$2.07$1.46
2016Detailed filing. Detailed filing data is available for this year.$8.09$3.17$4.92$3.78$3.73$0.05
2015Detailed filing. Detailed filing data is available for this year.$9.25$4.37$4.88$2.90$2.24$0.66
2014Detailed filing. Detailed filing data is available for this year.$7.18$2.96$4.22$3.36$2.76$0.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$1.40$3.59$6.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.00$3.28$2.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$1.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.88$0.70$0.19