Civic Intelligence

Maryland Lyric Opera

990 • Fiscal year 2015 • EIN 46-3835176

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 04, 2016

7400 Buchanan Street No 2907Hyattsville, MD 20784

(240) 427-5568

Siviq Scores

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

Liabilities / Assets

81st percentile

0.18x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

30th percentile

-4.7%

Higher net margin than 30% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

76th percentile

$2,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

5th percentile

-72%

Faster asset growth than 5% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

1.2%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$11,368

Down $29,585 (-72%) from 2014

Net Assets

Down

$9,271

Down $31,682 (-77%) from 2014

Liabilities

Up

$2,097

Up $2,097 from 2014

Revenue

Up

$463,653

Up $5,277 (+1.2%) from 2014

Expenses

Up

$485,335

Up $58,121 (+14%) from 2014

Net Income

Down

-$21,682

Down $52,844 (-170%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $40,953Liabilities 2014: $0Net Assets 2014: $40,9532014Assets 2015: $11,368Liabilities 2015: $2,097Net Assets 2015: $9,2712015Assets 2016: $29,332Liabilities 2016: $9,442Net Assets 2016: $19,8902016Assets 2017: $32,680Liabilities 2017: $11,812Net Assets 2017: $20,8682017Assets 2018: $39,357Liabilities 2018: $49,266Net Assets 2018: -$9,9092018Assets 2019: $49,001Liabilities 2019: $62,117Net Assets 2019: -$13,1162019Assets 2020: $156,653Liabilities 2020: $191,742Net Assets 2020: -$35,0892020Assets 2021: $186,685Liabilities 2021: $748,719Net Assets 2021: -$562,0342021Assets 2022: $124,223Liabilities 2022: $2,012,438Net Assets 2022: -$1,888,2152022Assets 2023: $17,599Liabilities 2023: $1,384Net Assets 2023: $16,2152023Assets 2024: $50Liabilities 2024: $0Net Assets 2024: $502024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2015

Assets$11,368
Liabilities$2,097
Net Assets$9,271

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $458,376Expenses 2014: $427,214Net Income 2014: $31,1622014Revenue 2015: $463,653Expenses 2015: $485,335Net Income 2015: -$21,6822015Revenue 2016: $328,087Expenses 2016: $318,264Net Income 2016: $9,8232016Revenue 2017: $206,189Expenses 2017: $205,211Net Income 2017: $9782017Revenue 2018: $1,104,303Expenses 2018: $1,110,071Net Income 2018: -$5,7682018Revenue 2019: $3,130,404Expenses 2019: $3,133,611Net Income 2019: -$3,2072019Revenue 2020: $1,557,509Expenses 2020: $1,579,482Net Income 2020: -$21,9732020Revenue 2021: $172,750Expenses 2021: $699,695Net Income 2021: -$526,9452021Revenue 2022: $3,223,762Expenses 2022: $5,177,702Net Income 2022: -$1,953,9402022Revenue 2023: $4,371,349Expenses 2023: $2,466,919Net Income 2023: $1,904,4302023Revenue 2024: $56,880Expenses 2024: $73,045Net Income 2024: -$16,1652024Revenue 2025: $36,949Expenses 2025: $36,999Net Income 2025: -$502025

Highlighted filing

2015

Revenue$463,653
Expenses$485,335
Net Income-$21,682
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 4, 2016
Return Version
2015v2.1
Gross Receipts
$463,653
Mission and Program Overview

Mission

The mission of maryland lyric opera is to revive the vocal artistry of the past, from the age when the individuality and the liberty of expression of the singer were of primary importance. Through presenting operatic productions of the highest caliber, utilizing both established professional singers and emerging talent, mdlo seeks to:-educate artists, emerging singers and audiences alike-foster new audiences for opera, both through the artistry presented and through a commitment to affordable ticket pricing -develop and promote the careers of emerging artists -revitalize the importance of vocal artistry (interpretation, emotion, immediacy of expression) over a merely accurate realization of the notes on the printed page -reverse the trend where the conductor's, stage director's or designer's conception dictates the realization of the work, to reorder the priorities in operatic production to one where all facets of production support the singers first and foremost

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$5,752-
Cash and Non-Interest-Bearing Accounts$32,623$4,616▼ $28,007
Accounts Receivable$4,034--
Prepaid Expenses and Deferred Charges$796--
Total Assets$40,953$11,368▼ $29,585
Other Assets Total$3,500$1,000▼ $2,500
Liabilities
Accounts Payable and Accrued Expenses-$2,097-
Total Liabilities$0$2,097▲ $2,097
Net Assets / Fund Balance
Unrestricted Net Assets$40,953$9,271▼ $31,682
Total Net Assets Fund Balance$40,953$9,271▼ $31,682
Total Liabilities and Net Assets / Fund Balance$40,953$11,368▼ $29,585

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,000--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Amy AyreTreasurer$2,000$2,000

Board Members and Trustees

NameTitle
Phil SmithBoard Member
Richard MenisBoard Member
Brad ClarkExecutive Director
Laura GrimmSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$426,908
Program Service Revenue
$30,509
Investment Income
$69
Other Revenue
$6,167
All Other Contributions
$426,908
Change in Net Assets
$-21,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,122
Salaries, Compensation, and Employee Benefits$78,359
Professional Fundraising Fees$2,854
Total Fundraising Expense$2,854
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$283,079--$283,079
Other Salaries and Wages$61,271$8,812-$70,083
Occupancy$42,146--$42,146
Office Expenses$25,441$1,575-$27,016
Advertising$17,702--$17,702
Fees for Services Accounting-$9,363-$9,363
Payroll Taxes$5,335$941-$6,276
Insurance$3,586$2,391-$5,977
Travel$5,066$563-$5,629
Fees for Services Professional Fundraising--$2,854$2,854
Current Officers, Directors, Trustees, and Key Employees-$2,000-$2,000
Information Technology-$1,154-$1,154
Other Expenses$452$50-$502
Total Functional Expenses$453,530$28,951$2,854$485,335
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,854
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
Annual disclosure for covered persons
Yes
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
Yes
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 11

The form 990 was prepared by the outside accountants and reviewed by the mlo director of finance. All members of the governing board received a copy of the return prior to filing.

Form 990, Part VI, Section B, Line 12C

Any director, principal officer, or member of a committee with governing board delegated powers who has a direct or indirect financial interest in a matter is an interested person. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is given the opportunity to disclose all material facts to the board or executive committee with board delegated powers considering the proposed transaction or arrangement. The executive committee regularly and consistently monitors and enforces compliance with the policy by reviewing annual statement disclosure forms and taking such other actions as are necessary for effective oversight.

Form 990, Part VI, Section C, Line 19

Maryland lyric opera does not make its governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Maryland Lyric Opera
EIN
46-3835176
Phone
2404275568
Address
7400 BUCHANAN STREET NO 2907, HYATTSVILLE, MD 20784

Signing Officer

Name
Brad Clark
Title
Executive Director
Phone
2404275568
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Clark
Formed
2013
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
9

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Emerging talent, mdlo seeks to: - prioritize support for the singers' vocal artistry first and foremost over all other production values (including stage direction, musical direction, acting and all technical values such as scenic design, costumes, lighting, etc.). By reprioritizing thus, mdlo strives to reverse the current trend where the conception of the conductor, stage director or designer dictates the realization of the work. - foster new audiences for opera, both through the artistry presented and through a commitment to affordable ticket pricing - educate established artists, emerging singers, and audiences alike - develop and promote the careers of singers in the mdlo emerging artist program - create educational and performance opportunities to middle and high school students

Form 990, Part IX, Line 11G

Chorus performers: program service expenses 36,216. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,216. Orchestra performers: program service expenses 97,921. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,921. Principal performers: program service expenses 49,675. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,675. Production staff: program service expenses 91,522. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,522. Consultants: program service expenses 7,745. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,745.

Financial Statement Notes

PART X, LINE 2:

For the years ended december 31, 2015 and 2014, maryland lyric opera has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

Raw XML Appendix356 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/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, MARYLAND LYRIC OPERA HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMERGING TALENT, MDLO SEEKS TO: - PRIORITIZE SUPPORT FOR THE SINGERS' VOCAL ARTISTRY FIRST AND FOREMOST OVER ALL OTHER PRODUCTION VALUES (INCLUDING STAGE DIRECTION, MUSICAL DIRECTION, ACTING AND ALL TECHNICAL VALUES SUCH AS SCENIC DESIGN, COSTUMES, LIGHTING, ETC.). BY REPRIORITIZING THUS, MDLO STRIVES TO REVERSE THE CURRENT TREND WHERE THE CONCEPTION OF THE CONDUCTOR, STAGE DIRECTOR OR DESIGNER DICTATES THE REALIZATION OF THE WORK. - FOSTER NEW AUDIENCES FOR OPERA, BOTH THROUGH THE ARTISTRY PRESENTED AND THROUGH A COMMITMENT TO AFFORDABLE TICKET PRICING - EDUCATE ESTABLISHED ARTISTS, EMERGING SINGERS, AND AUDIENCES ALIKE - DEVELOP AND PROMOTE THE CAREERS OF SINGERS IN THE MDLO EMERGING ARTIST PROGRAM - CREATE EDUCATIONAL AND PERFORMANCE OPPORTUNITIES TO MIDDLE AND HIGH SCHOOL STUDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE MLO DIRECTOR OF FINANCE. ALL MEMBERS OF THE GOVERNING BOARD RECEIVED A COPY OF THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN A MATTER IS AN INTERESTED PERSON. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OR EXECUTIVE COMMITTEE WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE EXECUTIVE COMMITTEE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REVIEWING ANNUAL STATEMENT DISCLOSURE FORMS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARYLAND LYRIC OPERA DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHORUS PERFORMERS: PROGRAM SERVICE EXPENSES 36,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,216. ORCHESTRA PERFORMERS: PROGRAM SERVICE EXPENSES 97,921. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,921. PRINCIPAL PERFORMERS: PROGRAM SERVICE EXPENSES 49,675. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,675. PRODUCTION STAFF: PROGRAM SERVICE EXPENSES 91,522. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,522. CONSULTANTS: PROGRAM SERVICE EXPENSES 7,745. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,745.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028951
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0453530
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485335
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IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt02097
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09271
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt030509
IRS990/TotalReportableCompFromOrgAmt02000
IRS990/TotalRevenueGrp/ExclusionAmt06236
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0463653
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt05066
IRS990/TravelGrp/TotalAmt05629
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07400 BUCHANAN STREET NO 2907
IRS990/USAddress/CityNm0HYATTSVILLE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020784
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MARYLANDLYRICOPERA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD CLARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02404275568
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARYLAND LYRIC OPERA
ReturnHeader/Filer/BusinessNameControlTxt0MARY
ReturnHeader/Filer/EIN0463835176
ReturnHeader/Filer/PhoneNum02404275568
ReturnHeader/Filer/USAddress/AddressLine1Txt07400 BUCHANAN STREET NO 2907
ReturnHeader/Filer/USAddress/CityNm0HYATTSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd020784
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELMAN ROSENBERG & FREEDMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 MONTGOMERY AVE SUITE 650N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208142930
ReturnHeader/PreparerPersonGrp/PhoneNum03019519090
ReturnHeader/ReturnTs02016-11-04T13:20:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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