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Lyric Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 526080460 ✦ Baltimore, MD ✦ Designated as a 501(c)(3)

Overview

What is Lyric Foundation Inc?

Lyric Foundation Inc, located in Baltimore, Maryland, is a nonprofit organization with a strong commitment to preserving and operating the Lyric as a historic monument. This historic building serves as a platform for promoting the performing arts. The foundation boasts a team of 140 dedicated individuals who work tirelessly to ensure the success of their mission. The organization's primary focus is on the advancement of the performing arts, which it achieves through its operations of the Lyric.


Official website here: www.lyricbaltimore.com/

Is Lyric Foundation Inc legitimate?

Lyric Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,211,630

For more financial information, click here


Official website here: www.lyricbaltimore.com/

What is the mission statement of Lyric Foundation Inc?

The Lyric Foundation Inc is committed to preserving and operating the Lyric as a historic monument, with a primary focus on advancing the performing arts. This mission involves maintaining the Lyric's historical significance while fostering growth in the performing arts sector. By doing so, the foundation aims to contribute to the cultural richness of the arts community. The Lyric Foundation's activities may include organizing performances, hosting workshops, and promoting educational programs to engage and inspire artists and audiences alike.


Official website here: www.lyricbaltimore.com/

Who is the CEO of Lyric Foundation Inc?

Jonathan Schwartz is the Trustee of Lyric Foundation Inc.


Official website here: www.lyricbaltimore.com/

What is the revenue of Lyric Foundation Inc?

Lyric Foundation Inc's revenue in 2022 was $9,096,246.


Official website here: www.lyricbaltimore.com/

Who are the executives of Lyric Foundation Inc and what are their salaries?

The average compensation at Lyric Foundation Inc during 2022 was $8,654. There are 140 employees and 18 volunteers at Lyric Foundation Inc.

Here are 20 key members and their salaries:

    Mr Chris Heacock (General Manager)
  • Compensation: $0
  • Related: $104,208
  • Other: $38,441

    • Mr Jonathan Schwartz (Executive Director)
  • Compensation: $101,000
  • Related: $0
  • Other: $25,445

    • Mr John H Denick Esquire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Jeffrey Penza (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Howard M Weiss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Richard Davison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Brenda Bowe Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Cleaveland Miller Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Stephen D Palmer (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mrs Marriah Barnett (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr David S Rosen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr David Witherspoon Mba Ava (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mrs Jacqueline Brooks (Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Bryant Cargile (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Rick Hyman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mrs Julie Mercer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Anirban Basu (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Hal Turner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mrs Sarah Sawyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr James Temple (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lyricbaltimore.com/

    Where can I find the form 990 for Lyric Foundation Inc?

    The Lyric Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lyricbaltimore.com/

    Learn more at the official website: www.lyricbaltimore.com/

    Mission Statement of Lyric Foundation Inc

    Lyric Foundation Inc is dedicated to preserving and operating the Lyric as a historic monument, while simultaneously advancing the performing arts. This mission encompasses the protection and upkeep of the Lyric, ensuring it maintains its historical significance, while also fostering a platform for artistic expression and growth. The foundation's ultimate goal is to contribute to the advancement of the performing arts, providing a space where artists can showcase their talents and audiences can engage with captivating performances.

    Impact

    This information is meant to be a general summary of Lyric Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Lyric Foundation Inc plays a crucial role in preserving the historic Lyric Theater and advancing the performing arts in Baltimore, MD. Through its dedicated efforts, the foundation ensures that this cultural landmark continues to thrive and serve as a vibrant hub for artistic expression and community engagement. Its impact is deeply felt in the local arts scene, fostering creativity, education, and cultural enrichment for the benefit of all.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,213
  • Program Service Revenue: $5,944,628
  • Gross Receipts: $9,398,865

    • Assets and Liabilities:
  • Total Assets: $18,897,043
  • Total Liabilities: $5,703,669
  • Net Assets: $13,193,374
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SHOWS

    Revenue

    $5,944,628

    Organization Details

    Founding Year

    1968

    Principal Officer

    Jonathan Schwartz

    Main Address

    110 WEST MOUNT ROYAL AVENUE 101, BALTIMORE, MD, 21201

    NTEE Category

    Code: A61I - Arts

    If you are a representative of Lyric Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.