Lyric Foundation Inc

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

“Compensation for the organization's executive director, management and administrative employees is approved by the board of directors.”

“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.”

“Business insurance: program service expenses 113,550. Management and general expenses 14,194. Fundraising expenses 14,194. Total expenses 141,938. Catering for talent: program service expenses 130,534. Management and general expenses 0. Fundraising expenses 0. Total expenses 130,534. Supplies: program service expenses 47,927. Management and general expenses 10,110. Fundraising expenses 1,872. Total expenses 59,909. Education programs: program service expenses 56,531. Management and general expenses 0. Fundraising expenses 0. Total expenses 56,531. Miscellaneous: program service expenses 28,006. Management and general expenses 3,500. Fundraising expenses 3,500. Total expenses 35,006. Payroll fees: program service expenses 25,468. Management and general expenses 5,372. Fundraising expenses 995. Total expenses 31,835. Rental of equipment: program service expenses 22,975. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,975. Dues, subscriptions and fees: program service expenses 18,246. Management and general expenses 2,281. Fundraising expenses 2,281. Total expenses 22,808. Bank fees: program service expenses 0. Management and general expenses 8,043. Fundraising expenses 0. Total expenses 8,043. Licenses and fees: program service expenses 0. Management and general expenses 1,088. Fundraising expenses 0. Total expenses 1,088.”

“The organization has not changed their oversight process or selection process during the year.”