Civic Intelligence

Lyric Fest

990 • Fiscal year 2022 • EIN 83-0375561

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

312 Carpenter Lane - 3rd FlrPhiladelphia, PA 19119

(215) 438-3388

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

57th percentile

9.0%

Higher net margin than 57% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

81st percentile

82%

Faster revenue growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$262,339

Up $30,239 (+13%) from 2021

Net Assets

Up

$262,339

Up $30,239 (+13%) from 2021

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Up

$334,320

Up $150,602 (+82%) from 2021

Expenses

Up

$304,081

Up $131,736 (+76%) from 2021

Net Income

Up

$30,239

Up $18,866 (+166%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $48,159Liabilities 2011: $02011Assets 2012: $68,536Liabilities 2012: $02012Assets 2013: $80,494Liabilities 2013: $02013Assets 2014: $77,806Liabilities 2014: $02014Assets 2015: $96,796Net Assets 2015: $96,7962015Assets 2016: $103,022Net Assets 2016: $103,0222016Assets 2017: $100,759Net Assets 2017: $100,7592017Assets 2018: $105,878Liabilities 2018: $0Net Assets 2018: $105,8782018Assets 2019: $136,563Liabilities 2019: $0Net Assets 2019: $136,5632019Assets 2020: $220,727Liabilities 2020: $0Net Assets 2020: $220,7272020Assets 2021: $232,100Net Assets 2021: $232,1002021Assets 2022: $262,339Liabilities 2022: $0Net Assets 2022: $262,3392022Assets 2023: $169,083Liabilities 2023: $0Net Assets 2023: $169,0832023Assets 2024: $220,039Liabilities 2024: $0Net Assets 2024: $220,0392024Assets 2025: $255,355Liabilities 2025: $0Net Assets 2025: $255,3552025

Highlighted filing

2022

Assets$262,339
Liabilities$0
Net Assets$262,339

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $97,847Expenses 2011: $97,159Net Income 2011: $6882011Revenue 2012: $143,675Expenses 2012: $123,298Net Income 2012: $20,3772012Revenue 2013: $134,757Expenses 2013: $122,799Net Income 2013: $11,9582013Revenue 2014: $108,804Expenses 2014: $111,492Net Income 2014: -$2,6882014Revenue 2015: $178,226Expenses 2015: $159,236Net Income 2015: $18,9902015Revenue 2016: $171,589Expenses 2016: $165,363Net Income 2016: $6,2262016Revenue 2017: $178,755Expenses 2017: $181,018Net Income 2017: -$2,2632017Revenue 2018: $222,322Expenses 2018: $217,203Net Income 2018: $5,1192018Revenue 2019: $234,292Expenses 2019: $203,607Net Income 2019: $30,6852019Revenue 2020: $256,072Expenses 2020: $171,908Net Income 2020: $84,1642020Revenue 2021: $183,718Expenses 2021: $172,345Net Income 2021: $11,3732021Revenue 2022: $334,320Expenses 2022: $304,081Net Income 2022: $30,2392022Revenue 2023: $267,270Expenses 2023: $360,526Net Income 2023: -$93,2562023Revenue 2024: $315,914Expenses 2024: $264,958Net Income 2024: $50,9562024Revenue 2025: $300,748Expenses 2025: $265,432Net Income 2025: $35,3162025

Highlighted filing

2022

Revenue$334,320
Expenses$304,081
Net Income$30,239
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$334,320
Mission and Program Overview

Mission

To organize and conduct song festivals in the philadelphia area

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,852$140,102▲ $36,250
Savings and Temporary Cash Investments$113,607$113,801▲ $194
Land, Buildings, and Equipment, Net$14,641$8,435▼ $6,206
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$232,100$262,339▲ $30,239
Other Assets Total-$1-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,714$168,150▼ $42,564
Net Assets With Donor Restrictions$21,386$94,189▲ $72,803
Total Net Assets Fund Balance$232,100$262,339▲ $30,239
Total Liabilities and Net Assets / Fund Balance$232,100$262,339▲ $30,239

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,435$10,811$19,246
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill BoschPresident
Mignon GrochVice President
Allen SchimmelBoard Member
Dimitrios Diamantaras Ph DBoard Member
Jeffrey BrillhartBoard Member
Jessica CooperBoard Member
Karen SlackBoard Member
Melissa DunphyBoard Member
Peter PhillipsBoard Member
William L LeonardBoard Member
Peggy GreggBoard Member-n
Sue GeraceBoard Member-n
Lauren MeyerSecretary
Marissa LiebTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$315,396
Program Service Revenue
$18,730
Investment Income
$194
Other Revenue
$0
All Other Contributions
$315,396
Change in Net Assets
$30,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$194,275
Salaries, Compensation, and Employee Benefits$109,806
Total Fundraising Expense$31,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,685$40,818$13,483$100,986
Advertising$13,598-$10,789$24,387
Payroll Taxes$4,077$3,565$1,178$8,820
Office Expenses-$5,693$983$6,676
Depreciation Depletion-$6,206-$6,206
Insurance-$3,989-$3,989
Other Expenses$37,000$2,850$4,737$2,850
All Other Expenses$374$688$81$1,143
Total Functional Expenses$208,756$64,074$31,251$304,081
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

The president reviews the form 990 before signing, and consults with the board as needed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Lyric Fest
EIN
83-0375561
Phone
2154383388
Address
312 CARPENTER LANE - 3RD FLR, PHILADELPHIA, PA 19119

Signing Officer

Name
Bill Bosch
Title
President
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
4

Preparer

Firm
Gitomer & Berenholz PC
Address
445 Shady Lane, Huntingdon Valley, PA 19006
Preparer
Brian K Konyves CPA
Phone
2153793500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Management evaluated the fund's tax positions and concluded that the fund had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. At the present time, the fund is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2018.

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IRS990/NetAssetsOrFundBalancesEOYAmt0262339
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0210714
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0168150
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0983
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05693
IRS990/OfficeExpensesGrp/TotalAmt06676
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONCERT EXPENSES
IRS990/OtherExpensesGrp/Desc1SINGERS' HONORARIUM
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt04737
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0265
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12850
IRS990/OtherExpensesGrp/ProgramServicesAmt0107022
IRS990/OtherExpensesGrp/ProgramServicesAmt137000
IRS990/OtherExpensesGrp/TotalAmt0107022
IRS990/OtherExpensesGrp/TotalAmt137000
IRS990/OtherExpensesGrp/TotalAmt25002
IRS990/OtherExpensesGrp/TotalAmt32850
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013483
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046685
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100986
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01178
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03565
IRS990/PayrollTaxesGrp/ProgramServicesAmt04077
IRS990/PayrollTaxesGrp/TotalAmt08820
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACTED PERFORMANCE
IRS990/ProgramServiceRevenueGrp/Desc1SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc2TICKET SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113480
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0183308
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0410
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt079699
IRS990/PYRevenuesLessExpensesAmt011373
IRS990/PYSalariesCompEmpBnftPaidAmt092646
IRS990/PYTotalExpensesAmt0172345
IRS990/PYTotalRevenueAmt0183718
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt030239
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0113607
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0113801
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0315396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0183172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0241820
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0197287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0171547
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01109222
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0410
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01594
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92000
IRS990ScheduleA/PublicSupportPY170Pct00.90450
IRS990ScheduleA/PublicSupportTotal170Amt01021954
IRS990ScheduleA/SubstantialContributorsTotAmt087268
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0183172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0241820
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0197287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0171547
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01109222
IRS990ScheduleA/TotalSupportAmt01110816
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08435
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010811
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019246
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AT THE PRESENT TIME, THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08435
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The president reviews the form 990 before signing, and consults with the board as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.00$2.55$3.01$2.65$0.35
2024Summary only. Only limited summary data is available for this year.$2.20$0.00$2.20$3.16$2.65$0.51
2023Summary only. Only limited summary data is available for this year.$1.69$0.00$1.69$2.67$3.61$0.93
2022Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$3.34$3.04$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.32$2.32$1.84$1.72$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.00$2.21$2.56$1.72$0.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$2.34$2.04$0.31
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$2.22$2.17$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.01$1.01$1.79$1.81$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$1.03$1.72$1.65$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.97$1.78$1.59$0.19
2014Summary only. Only limited summary data is available for this year.$0.78$0.00$1.09$1.11$0.03
2013Summary only. Only limited summary data is available for this year.$0.80$0.00$1.35$1.23$0.12
2012Summary only. Only limited summary data is available for this year.$0.69$0.00$1.44$1.23$0.20
2011Summary only. Only limited summary data is available for this year.$0.48$0.00$0.98$0.97$0.01