Civic Intelligence

Lyric Opera Virginia

EIN 27-4573025 • 501(c)3 • Virginia Beach, VA

Profile

The purpose of lyric opera virginia is to operate a not-for-profit professional opera and musical theater company dedicated to producing the gems of classical and contemproary opera and musical theater in fresh and accessible formats appealing to 21st century audiences, and training promising young vocal and theater artists in these art forms.

2610 Potters RoadVirginia Beach, VA 23452

www.lyricoperavirginia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

16th percentile

-40%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

10th percentile

-73%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $49,145 (-100%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$0

Up $102,998 (+100%) from 2013

Revenue

Down

$100,547

Down $272,920 (-73%) from 2013

Expenses

Down

$140,864

Down $109,435 (-44%) from 2013

Net Income

Down

-$40,317

Down $163,485 (-133%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $270,174Liabilities 2011: $551,401Net Assets 2011: -$281,2272011Assets 2013: $49,145Liabilities 2013: $152,143Net Assets 2013: -$102,9982013Assets 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,135,3622011Revenue 2013: $373,467Expenses 2013: $250,299Net Income 2013: $123,1682013Revenue 2014: $100,547Expenses 2014: $140,864Net Income 2014: -$40,3172014

Highlighted filing

2014

Revenue$100,547
Expenses$140,864
Net Income-$40,317

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 13, 2015
Return Version
2014v5.0
Gross Receipts
$100,547
Mission and Program Overview

Mission

The purpose of lyric opera virginia is to operate a not-for-profit professional opera and musical theater company dedicated to producing the gems of classical and contemproary opera and musical theater in fresh and accessible formats appealing to 21st century audiences, and training promising young vocal and theater artists in these art forms.

Program Services

DescriptionGrantsExpenses
PROFESSIONAL OPERA AND MUSICAL THEATER$134,204-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA BUTLERBoard Member-$0--
JOE WALSHExecutive DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Lyric Opera Virginia
EIN
27-4573025
Phone
7574466666
Address
2610 POTTERS ROAD, VIRGINIA BEACH, VA 23452

Signing Officer

Name
Lisa Butler
Title
Director
Signed
2015-08-13
Discuss with paid preparer
Yes

Preparer

Firm
Daniel W Hargrave CPA Pc
Address
2610 POTTERS RD STE 204, VIRGINIA BEACH, VA 23452-7402
Preparer
Daniel W Hargrave CPA
Phone
7573067090
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $2041

Other Expenses.1002

Office Expenses $29032

Other Expenses.1012

Insurance $683

Other Expenses.1

PRODUCTION 4 $73121

Other Expenses.2

PRODUCTION 3 $23067

Other Expenses.3

BEL CANTO EXPENSE $5324

Other Expenses.4

TELEPHONE $2322

Other Expenses.5

COPIER $1147

Other Expenses.6

Bank service charges $1065

Other Expenses.7

PRODUCTION 2 $650

Other Expenses.8

Computer & it services $460

Other Expenses.10

MISC EXPENSES $19

Other Assets.1002

Furniture and Fixtures - Beginning $3670 Furniture and Fixtures - Ending $0

Other Assets.1003

Machinery and Equipment - Beginning $11610 Machinery and Equipment - Ending $0

Other Assets.1005

Accounts Receivable - Beginning $20175 Accounts Receivable - Ending $0

Other Assets.1

OTHER NONCURRENT ASSETS - Beginning $10 OTHER NONCURRENT ASSETS - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $99472 Accounts Payable and Accrued Expenses - Ending $0

Total Liabilities.1

TOWNE BANK LOC - Beginning $7009 TOWNE BANK LOC - Ending $0

Total Liabilities.2

SALES TAX PAYABLE - Beginning $116 SALES TAX PAYABLE - Ending $0

Total Liabilities.3

CREDIT CARD MONARCH BANK - Beginning $28751 CREDIT CARD MONARCH BANK - Ending $0

Total Liabilities.4

MONARCH LOC - Beginning $9058 MONARCH LOC - Ending $0

Total Liabilities.5

MONARCH OVERDRAFT - Beginning $395 MONARCH OVERDRAFT - Ending $0

Total Liabilities.6

- Beginning $0 - Ending $0

Summary

Description of organization mission: training promising young vocal and theater artists in these art forms.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22- Beginning $0 - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23DESCRIPTION OF ORGANIZATION MISSION: TRAINING PROMISING YOUNG VOCAL AND THEATER ARTISTS IN THESE ART FORMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23SUMMARY
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA BUTLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LYRIC OPERA VIRGINIA
ReturnHeader/Filer/BusinessNameControlTxt0LYRI
ReturnHeader/Filer/EIN0274573025
ReturnHeader/Filer/PhoneNum07574466666
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ReturnHeader/Filer/USAddress/CityNm0VIRGINIA BEACH
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ReturnHeader/PreparerPersonGrp/PhoneNum07573067090
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ReturnHeader/ReturnTs02015-08-13T08:52:13-07:00
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No mirrored PDF or thumbnail assets are attached yet.