Civic Intelligence

Lyric Opera Foundation Inc

990 • Fiscal year 2023 • EIN 27-0813566

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 05, 2024

1900 Saint Paul StreetBaltimore, MD 21218

(410) 591-2853

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

59th percentile

8.2%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

62nd percentile

8.5%

Faster asset growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

29%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$343,410

Up $27,036 (+8.5%) from 2022

Net Assets

Up

$341,530

Up $24,810 (+7.8%) from 2022

Liabilities

Up

$1,880

Up $2,226 (+643%) from 2022

Revenue

Up

$302,691

Up $67,998 (+29%) from 2022

Expenses

Up

$277,881

Up $103,899 (+60%) from 2022

Net Income

Down

$24,810

Down $35,901 (-59%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$343,410
Liabilities$1,880
Net Assets$341,530

Operations Trend

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

2023

Revenue$302,691
Expenses$277,881
Net Income$24,810
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 5, 2024
Return Version
2022v5.0
Gross Receipts
$302,691
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.

The Mission of Maryland Opera Inc. is the promotion , production and performance in a variety of venues, of live Opera experiences to audiences of all ages and backgrounds, and the creation and continuation of Opera education and outreach programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$50,000$250,000▲ $200,000
Cash and Non-Interest-Bearing Accounts$260,794$87,840▼ $172,954
Land, Buildings, and Equipment, Net$4,403$3,388▼ $1,015
Prepaid Expenses and Deferred Charges$1,177$2,182▲ $1,005
Total Assets$316,374$343,410▲ $27,036
Liabilities
Accounts Payable and Accrued Expenses$-346$1,880▲ $2,226
Total Liabilities$-346$1,880▲ $2,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,075$281,192▲ $77,117
Net Assets With Donor Restrictions$112,645$60,338▼ $52,307
Total Net Assets Fund Balance$316,720$341,530▲ $24,810
Total Liabilities and Net Assets / Fund Balance$316,374$343,410▲ $27,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$3,388$2,462$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judith WaranchTrustee/President
Barrie DrumTrustee
Edward AsherTrustee
Howard SobkovTrustee
Mary ChapmanTrustee
Peter WilliamsTrustee
Robert HairTrustee
Sandra BermanTrustee
Sharon WassermanTrustee/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$253,386
Program Service Revenue
$44,846
Investment Income
$4,459
Other Revenue
$0
All Other Contributions
$253,386
Change in Net Assets
$24,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,448
Salaries, Compensation, and Employee Benefits$79,433
Total Fundraising Expense$9,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$125,031--$125,031
Other Salaries and Wages$45,189$16,139$3,228$64,556
Fees for Services Other$13,556$13,752$1,460$28,768
Advertising$17,050$2,131$2,131$21,312
Payroll Taxes$10,414$3,719$744$14,877
Fees for Services Accounting$3,765$4,248$1,427$9,440
Office Expenses$1,209$4,095$666$5,970
Occupancy-$3,900-$3,900
Insurance-$2,335-$2,335
Depreciation Depletion$1,015--$1,015
Information Technology$542$135-$677
Total Functional Expenses$217,771$50,454$9,656$277,881
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Draft copy is distributed to President who reviews the return. Later copies are distributed to all directors. All members are required to read the return, and respond with any questions, or indicate they are in agreement with the body of the Form 990 form

Form 990, Part VI, Section B, Line 15

Compensation is reviewed by the employee retaining committee annually to be sure compensation to the Artistic Director is fair and competitive. Comparisons are made to trade magazines and to statistics present in the Operatic community

Form 990, Part VI, Section C, Line 19

Upon written letter, email, or telephone request the applicable governing documents, conflict of interest policy, Form 990 and/or financial statements are made available to the requestor through visiting the offices of the Maryland Opera offices at 1900 Saint Paul Street, Baltimore, MD 21218, and there they are available to the requestor. It is also available to the public on the Maryland Secretary of State's Charities and Legal Services Division website.

Filing and Contact Details

Filer

Filer Name
Maryland Opera Inc
EIN
27-0813566
Phone
4105912853
Address
1900 Saint Paul Street, Baltimore, MD 21218

Signing Officer

Name
Sharon Wasserman
Title
Treasurer
Phone
4105912853
Signed
2024-03-05

Organization Details

Principal Officer
Judith Waranch
Formed
2009
Legal Domicile
Md
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
10
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional marketing and other professional service fees.

Form 990, Part IX, Line 24E

Production costs to create performances open to the general public and disadvantaged groups are as follows: Production costs for quarterly and monthly Opera concerts and for two productions of a full opera performed for the general public $100,983 Educational Outreach to schools, camps and other venues where young people gather to provide educational and cultural history and current Opera standing $15,925 Opera Camp for young persons interested in learning about Opera and if it may be a career potential for them $8,123

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IRS990/PYTotalRevenueAmt0234693
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt024810
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt049305
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Ticket sales for performances
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0209474
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0195477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0194395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0193268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0286203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01078817
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01238096
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt049305
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt025219
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04671
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026560
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt053524
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0159279
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87135
IRS990ScheduleA/PublicSupportPY170Pct00.79992
IRS990ScheduleA/PublicSupportTotal170Amt01078817
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0209474
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0195477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0194395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0193268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0286203
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01078817
IRS990ScheduleA/TotalSupportAmt01238096
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03388
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02462
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03388
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft copy is distributed to President who reviews the return. Later copies are distributed to all directors. All members are required to read the return, and respond with any questions, or indicate they are in agreement with the body of the Form 990 form
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation is reviewed by the employee retaining committee annually to be sure compensation to the Artistic Director is fair and competitive. Comparisons are made to trade magazines and to statistics present in the Operatic community
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon written letter, email, or telephone request the applicable governing documents, conflict of interest policy, Form 990 and/or financial statements are made available to the requestor through visiting the offices of the Maryland Opera offices at 1900 Saint Paul Street, Baltimore, MD 21218, and there they are available to the requestor. It is also available to the public on the Maryland Secretary of State's Charities and Legal Services Division website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Professional marketing and other professional service fees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Production costs to create performances open to the general public and disadvantaged groups are as follows: Production costs for quarterly and monthly Opera concerts and for two productions of a full opera performed for the general public $100,983 Educational Outreach to schools, camps and other venues where young people gather to provide educational and cultural history and current Opera standing $15,925 Opera Camp for young persons interested in learning about Opera and if it may be a career potential for them $8,123
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0316374
IRS990/TotalAssetsEOYAmt0343410
IRS990/TotalAssetsGrp/BOYAmt0316374
IRS990/TotalAssetsGrp/EOYAmt0343410
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0253386
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09656
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050454
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217771
IRS990/TotalFunctionalExpensesGrp/TotalAmt0277881
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0-346
IRS990/TotalLiabilitiesEOYAmt01880
IRS990/TotalLiabilitiesGrp/BOYAmt0-346
IRS990/TotalLiabilitiesGrp/EOYAmt01880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0316720
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0341530
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0217771
IRS990/TotalProgramServiceRevenueAmt044846
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049305
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302691
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0316374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0343410
IRS990/TotReportableCompRltdOrgAmt00

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Filings

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