Overview
What is The Thelma Gaylord Lyric Theatre Endowment Fund?
The Thelma Gaylord Lyric Theatre Endowment Fund is a separate entity established for the financial support of the Lyric Theatre of Oklahoma. Its primary objective is to manage monetary funds for the theater's educational and charitable projects, as well as promote benevolent giving by its patrons. The endowment fund also provides resources for improvements and maintenance of the Lyric Theatre's property, and serves as a vessel for transferring present and future endowment funds for investment and administration, all in line with the theater's charitable, theatrical, and educational purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% - Three-Star out of Four Star Rating
The Thelma Gaylord Lyric Theatre Endowment Fund has earned an 80% rating from Charity Navigator, reflecting a solid Three-Star rating. This score is exclusively based on the Accountability & Finance category, indicating that the organization maintains a strong commitment to financial integrity and transparency. The high score suggests that the fund operates with a robust governance structure and fiscal responsibility.
One of the notable strengths of the organization is its board composition, with 100% independent members, ensuring unbiased decision-making. Additionally, there are no reported material diversions of assets, and the organization has a clear conflict of interest policy in place. The fund also demonstrates good fiscal health with a favorable liabilities to assets ratio of 0.00%, indicating no debts.
While the rating highlights important strengths, it primarily focuses on financial metrics. Future assessments could benefit from a more comprehensive view that includes program impact and effectiveness to provide a fuller picture of the fund's contributions to the community and the arts.
This AI summary has been generated from information found on Charity Navigator.
Is The Thelma Gaylord Lyric Theatre Endowment Fund legitimate?
The Thelma Gaylord Lyric Theatre Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thelma Gaylord Lyric Theatre Endowment Fund 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.
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What is the mission statement of The Thelma Gaylord Lyric Theatre Endowment Fund?
The Thelma Gaylord Lyric Theatre Endowment Fund was established with the primary objective of financially supporting the Lyric Theatre and its educational and benevolent projects. The fund aims to establish and administer a monetary fund for the use of Lyric Theatre, promote its purposes, and encourage benevolent giving by its patrons and others. Additionally, the fund provides funds for improvements and repairs of Lyric Theatre property, and serves as a entity to which present and future endowment funds of Lyric Theatre may be transferred for investment and administration in alignment with its charitable, theatre, and educational purposes.
What is the revenue of The Thelma Gaylord Lyric Theatre Endowment Fund?
The Thelma Gaylord Lyric Theatre Endowment Fund's revenue in 2023 was $138,351.
Who are the executives of The Thelma Gaylord Lyric Theatre Endowment Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Thelma Gaylord Lyric Theatre Endowment Fund?
The Thelma Gaylord Lyric Theatre Endowment Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Thelma Gaylord Lyric Theatre Endowment Fund
The Thelma Gaylord Lyric Theatre Endowment Fund, established as a separate entity, is dedicated to financially supporting the Lyric Theatre and its educational and benevolent projects. Its primary objectives include establishing and administering a monetary fund for Lyric Theatre's purposes, providing funds for improvements and repairs to the theatre's property, promoting and encouraging charitable giving from Lyric Theatre's patrons and others, and serving as a repository for the theatre's present and future endowment funds for investment and administration. The fund's ultimate goal is to further the charitable, theatre, and educational purposes of Lyric Theatre.
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Impact
October, 2024
The Thelma Gaylord Lyric Theatre Endowment Fund plays a crucial role in supporting and enhancing the Lyric Theatre through financial contributions aimed at various essential projects and initiatives. By establishing and managing a dedicated monetary fund, it provides necessary resources for both educational and benevolent projects associated with the theatre, ensuring that the cultural and artistic mission of the Lyric Theatre is upheld.
The fund specifically allocates resources for crucial improvements and maintenance of the theatre's facilities, contributing to the longevity and aesthetic appeal of the venue. This financial support not only enables the theatre to operate effectively but also helps foster an environment that encourages the local community to engage with the arts.
Moreover, the Fund actively promotes and encourages philanthropic giving among patrons, thereby widening its base of support and enhancing the overall impact of the Lyric Theatre's initiatives. By receiving and managing contributions from individuals and organizations, it boosts the theatre's capacity to deliver high-quality performances and educational programs.
In essence, the Thelma Gaylord Lyric Theatre Endowment Fund stands as a pillar for the Lyric Theatre, ensuring that it continues to thrive as a hub for artistic expression and community engagement in Oklahoma City.
This information is meant to be a general summary of The Thelma Gaylord Lyric Theatre Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $138,351
- Gross Receipts: $138,351
Assets and Liabilities:
- Total Assets: $4,413,428
- Total Liabilities: $0
- Net Assets: $4,413,428
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Organization Details
Founding Year
2001
Principal Officer
Carl Shortt
NTEE Category
Code: A11 - Arts
If you are a representative of The Thelma Gaylord Lyric Theatre Endowment Fund 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.