Liabilities / Assets
62nd percentile
Higher debt load relative to assets than 62% of similar nonprofits.
Lyra Music Inc
EIN 30-0801912 • 501(c)3 • Beacon, NY
Profile
Our exempt purpose is to use our events and workshops to educate the general public, focusing primarily on children, about classical music and to increase the appreciation, love and understanding of classical music. Lyra's mission is to share its founders' passion for classical music, joy of performing, and commitment to excellence with students of the workshop and our community. We are included as "charitable" as an organization that includes the "advancement of education..." and "promotion of social welfare." We are also organized and operated for "educational" purposes.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
17th percentile
Faster revenue growth than 17% of similar nonprofits.
Balance Sheet
Assets
Up$65,673
Up $5,384 (+8.9%) from 2019
Liabilities
$160
No earlier filing loaded for comparison.
Net Assets
Up$65,513
Up $5,224 (+8.7%) from 2019
Revenue
Down$60,677
Down $59,932 (-50%) from 2019
Expenses
Down$52,403
Down $52,045 (-50%) from 2019
Net Income
Down$8,274
Down $7,887 (-49%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $65,673
- Liabilities
- $160
- Net assets
- $65,513
- Revenue
- $60,677
- Expenses
- $52,403
- Net income
- $8,274
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- May 14, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $60,677
Mission and Program Overview
Mission
Our exempt purpose is to use our events and workshops to educate the general public, focusing primarily on children, about classical music and to increase the appreciation, love and understanding of classical music. Lyra's mission is to share its founders' passion for classical music, joy of performing, and commitment to excellence with students of the workshop and our community. We are included as "charitable" as an organization that includes the "advancement of education..." and "promotion of social welfare." We are also organized and operated for "educational" purposes.
THE MISSION OF LYRA MUSIC IS TO ENRICH THE LIVES OF YOUTH AND BUILD COMMUNITY THROUGH CLASSICAL MUSIC.Founded in 2010 with a vision of enhancing the lives of young musicians and enriching communities through classical music training and performance, Lyra Music supports the musical, emotional and personal development of every participant through a nurturing, non-competitive environment where each student is encouraged to reach their full potential.Lyra Music produces an annual summer workshop and music festival as well as a youth music competition for string players and pianists.Lyra students are young musicians, ages 11-18, immersed in a supportive, nurturing community where they live, work, and play with their peers and the dedicated Lyra faculty and staff.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| WORKSHOP:Lyra Workshop is a 3-week, conservatory-style classical music program held at Smith College in Northampton, MA in July. Lyra Core Curriculum participants are immersed in a supportive, nurturing community where they live, work and play with their peers and the dedicated Lyra faculty and staff. The workshop is geared towards the intensive study of solo and chamber music repertoire and includes performances in weekly outreach concerts engaging with the community, as well as opportunities to observe or participate in master classes and attend concerts produced by Lyra Music/performed by world-class musicians -- all within a fun and energetic atmosphere. LYRA MUSIC PROVIDES FINANCIAL AIDS AND SCHOLARSHIPS IN THE FORM OF REDUCTIONS IN REGISTRATION FEES, TUITION, ROOM AND BOARD TO STUDENTS WHO NEED FINANCIAL ASSISTANCE TO ATTEND THE PROGRAM.IN 2020,STUDENTS WERE NOT IN ATTENDANCE FOR THE WORKSHOP DUE TO THE COVID-19 PANDEMIC RESTRICTIONS. HOWEVER, WE PROVIDED VIRTUAL CLASSICAL MUSIC FESTIVAL COMPRISING 5 PROFESSIONALLY PRODUCED CLASSICAL MUSIC VIDEOS AND INTERVIEWS WITH LYRA MUSIC FACULTY AND GUEST ARTISTS.THIS VIRTUAL CLASSICAL MUSIC FESTIVAL REACHED 823 VIEWERS VIA INSTAGRAM, TV AND YOUTUBE AS WELL AS MORE THAN 3600 MEMBERS THROUGH OUR EMAIL LIST AND FACEBOOK PAGE. | $7,629 | - |
| COMPETIION:The Lyra Music Youth Competition motivates young musicians to challenge themselves to excel, provides invaluable experience, and meaningful performance feedback, as well as the potential for cash prizes and scholarships for rising young classical musicians.IN 2020, LYRA MUSIC HELD A JUNIOR AND SENIOR DIVISION COMPETITIONS EACH WITH THREE WINNERS WHO WERE AWARDED CASH PRIZES. | $7,208 | - |
| MUSIC FESTIVALS:The Lyra Music Festival is an outstanding series of summer classical music events based in Northampton, MA. Each July Lyra Music brings together world class musicians, outstanding young string players and pianists and an exceptional faculty of professional musicians and educators for concerts, masterclasses and outreach performances.OUR MUSIC FESTIVAL INCLUDES GUEST ARTIST CONCERTS WHEREBY Internationally recognized musicians join Lyra Music on the solo concert stage each summer. Guest Artists have included musicians such as Simone Dinnerstein, Frederic Chiu, Matthew Zalkind, Itamar Zorman, Sibbi Bernhardsson, Michael Brown, Dane Johansen, Spencer Myer, Alexi Kenney, and Melissa White. These world class musicians perform in festivals and with ensembles including: Marlboro Music Festival, Ravinia Festival, Aspen Music Festival, Escher Quartet, Pacifica Quartet, Harlem Quartet, Chamber Music Society of Lincoln Center, Cleveland Orchestra and the New York Philharmonic.THE MASTERCLASSES ASPECT OF OUR MUSIC FESTIVAL ALLOWS Lyra Festival audiences TO have the option to go behind-the-scenes AND attend Masterclasses where they will hear Lyra Music Workshop advanced students perform and watch as these students receive one-on-one coaching with Lyra Music Guest Artists.THIS ALLOWS, THE AUDIENCES THE OPPORTUNITY TO Learn more about the musical process and these incredible guest musicians as they share their personal insights and inspiration with Lyra Workshop students and the public.The Lyra Festival ALSO brings music to the community! Lyra Musics exceptional students perform free outreach concerts, sharing live classical music with audiences and organizations in the surrounding community. Lyra Students perform at nursing homes, senior centers and even enjoy a collaboration with the Eric Carle Museum and Stamell Stringed Instruments performing for the youngest audiences.Every component of Lyra Music programming is designed to work synergistically towards the goal of training young classical musicians and building community through world-class concerts and free-outreach events: inspiring and nurturing tomorrows musicians and music audiences. THERE WERE NO LIVE MUSIC FESTIVAL IN 2020 DUE TO THE COVID-19 PANDEMIC RESTRICTIONS. IN LIEU OF LIVE FESTIVAL, LYRA MUSIC PROVIDED FREE ACCESS TO VIRTUAL SUMMER FESTIVAL 5 CONCERT SERIES IN JULY 2020. IN ADDITION, WE PROVIDED COMPLIMENTARY TICKETS VALUED AT $20 PER TICKET with 823 views across all media types WORTH $16,460. | $5,044 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RACHEL ODO | Executive Director | PT | $0 | - | - |
| MARY PRESCOTT | Vice President | - | $0 | - | - |
| KIT VOIT | Treasurer | PT | $0 | - | - |
| JONATHAN ODO | Asst. Secretary | - | $0 | - | - |
| AKIKO SASAKI | Artistic Director | PT | $0 | - | - |
| PAULA SCULLY | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lyra Music Inc
- EIN
- 30-0801912
- Phone
- 9176220395
- Address
- 57 ROBINSON STREET, BEACON, NY 12508
Signing Officer
- Name
- Akiko Sasaki
- Title
- President
- Signed
- 2021-05-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Gruber Palumberi Raffaele Fried CPAs PC
- Address
- 7 Penn Plaza Suite 310, New York, NY 10001
- Preparer
- Robert L Manger CPA
- Phone
- 2125860800
Supplemental Narrative
Additional Explanations
Other Revenue.1
“MISCELLANEOUS INCOME $97”
Other Expenses.1001
“Advertising and Promotion $1742”
Other Expenses.1002
“Office Expenses $1938”
Other Expenses.1005
“Travel $120”
Other Expenses.1012
“Insurance $4049”
Other Expenses.1
“PRIZE $3750”
Other Expenses.2
“FEES $1233”
Other Expenses.3
“VIDEO EDITOR $850”
Other Expenses.5
“HOSPITALITY $630”
Other Assets.1005
“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $825”
Total Liabilities.1003
“Deferred Revenue - Beginning $0 Deferred Revenue - Ending $160”
Raw XML Appendix192 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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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE MISSION OF LYRA MUSIC IS TO ENRICH THE LIVES OF YOUTH AND BUILD COMMUNITY THROUGH CLASSICAL MUSIC.Founded in 2010 with a vision of enhancing the lives of young musicians and enriching communities through classical music training and performance, Lyra Music supports the musical, emotional and personal development of every participant through a nurturing, non-competitive environment where each student is encouraged to reach their full potential.Lyra Music produces an annual summer workshop and music festival as well as a youth music competition for string players and pianists.Lyra students are young musicians, ages 11-18, immersed in a supportive, nurturing community where they live, work, and play with their peers and the dedicated Lyra faculty and staff. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | WORKSHOP:Lyra Workshop is a 3-week, conservatory-style classical music program held at Smith College in Northampton, MA in July. Lyra Core Curriculum participants are immersed in a supportive, nurturing community where they live, work and play with their peers and the dedicated Lyra faculty and staff. The workshop is geared towards the intensive study of solo and chamber music repertoire and includes performances in weekly outreach concerts engaging with the community, as well as opportunities to observe or participate in master classes and attend concerts produced by Lyra Music/performed by world-class musicians -- all within a fun and energetic atmosphere. LYRA MUSIC PROVIDES FINANCIAL AIDS AND SCHOLARSHIPS IN THE FORM OF REDUCTIONS IN REGISTRATION FEES, TUITION, ROOM AND BOARD TO STUDENTS WHO NEED FINANCIAL ASSISTANCE TO ATTEND THE PROGRAM.IN 2020,STUDENTS WERE NOT IN ATTENDANCE FOR THE WORKSHOP DUE TO THE COVID-19 PANDEMIC RESTRICTIONS. HOWEVER, WE PROVIDED VIRTUAL CLASSICAL MUSIC FESTIVAL COMPRISING 5 PROFESSIONALLY PRODUCED CLASSICAL MUSIC VIDEOS AND INTERVIEWS WITH LYRA MUSIC FACULTY AND GUEST ARTISTS.THIS VIRTUAL CLASSICAL MUSIC FESTIVAL REACHED 823 VIEWERS VIA INSTAGRAM, TV AND YOUTUBE AS WELL AS MORE THAN 3600 MEMBERS THROUGH OUR EMAIL LIST AND FACEBOOK PAGE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | COMPETIION:The Lyra Music Youth Competition motivates young musicians to challenge themselves to excel, provides invaluable experience, and meaningful performance feedback, as well as the potential for cash prizes and scholarships for rising young classical musicians.IN 2020, LYRA MUSIC HELD A JUNIOR AND SENIOR DIVISION COMPETITIONS EACH WITH THREE WINNERS WHO WERE AWARDED CASH PRIZES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | MUSIC FESTIVALS:The Lyra Music Festival is an outstanding series of summer classical music events based in Northampton, MA. Each July Lyra Music brings together world class musicians, outstanding young string players and pianists and an exceptional faculty of professional musicians and educators for concerts, masterclasses and outreach performances.OUR MUSIC FESTIVAL INCLUDES GUEST ARTIST CONCERTS WHEREBY Internationally recognized musicians join Lyra Music on the solo concert stage each summer. Guest Artists have included musicians such as Simone Dinnerstein, Frederic Chiu, Matthew Zalkind, Itamar Zorman, Sibbi Bernhardsson, Michael Brown, Dane Johansen, Spencer Myer, Alexi Kenney, and Melissa White. These world class musicians perform in festivals and with ensembles including: Marlboro Music Festival, Ravinia Festival, Aspen Music Festival, Escher Quartet, Pacifica Quartet, Harlem Quartet, Chamber Music Society of Lincoln Center, Cleveland Orchestra and the New York Philharmonic.THE MASTERCLASSES ASPECT OF OUR MUSIC FESTIVAL ALLOWS Lyra Festival audiences TO have the option to go behind-the-scenes AND attend Masterclasses where they will hear Lyra Music Workshop advanced students perform and watch as these students receive one-on-one coaching with Lyra Music Guest Artists.THIS ALLOWS, THE AUDIENCES THE OPPORTUNITY TO Learn more about the musical process and these incredible guest musicians as they share their personal insights and inspiration with Lyra Workshop students and the public.The Lyra Festival ALSO brings music to the community! Lyra Musics exceptional students perform free outreach concerts, sharing live classical music with audiences and organizations in the surrounding community. Lyra Students perform at nursing homes, senior centers and even enjoy a collaboration with the Eric Carle Museum and Stamell Stringed Instruments performing for the youngest audiences.Every component of Lyra Music programming is designed to work synergistically towards the goal of training young classical musicians and building community through world-class concerts and free-outreach events: inspiring and nurturing tomorrows musicians and music audiences. THERE WERE NO LIVE MUSIC FESTIVAL IN 2020 DUE TO THE COVID-19 PANDEMIC RESTRICTIONS. IN LIEU OF LIVE FESTIVAL, LYRA MUSIC PROVIDED FREE ACCESS TO VIRTUAL SUMMER FESTIVAL 5 CONCERT SERIES IN JULY 2020. IN ADDITION, WE PROVIDED COMPLIMENTARY TICKETS VALUED AT $20 PER TICKET with 823 views across all media types WORTH $16,460. |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LYRA MUSIC INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LYRA |
| ReturnHeader/Filer/EIN | 0 | 300801912 |
| ReturnHeader/Filer/PhoneNum | 0 | 9176220395 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 57 ROBINSON STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BEACON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 12508 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 132696850 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Gruber Palumberi Raffaele Fried CPAs PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7 Penn Plaza Suite 310 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | New York |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10001 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2125860800 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT L MANGER CPA |
| ReturnHeader/ReturnTs | 0 | 2021-05-14T07:42:20-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | AKIKO |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SASAKI |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
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