Overview
What is Boston Lyric Opera Company?
Boston Lyric Opera Company is a distinguished nonprofit organization, situated in an unspecified location. Their primary objective is to deliver artistically remarkable operatic performances, showcasing a varied repertoire. They aim to captivate and motivate audiences while simultaneously providing a platform for emerging operatic talents. Another crucial aspect of their mission is to cultivate a deeper connection with the community, spanning all age groups, through opera education and awareness programs.
Official website here: www.blo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Boston Lyric Opera Company has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 97%, the organization demonstrates strong management with a perfect score for its independent board members and robust financial oversight measures in place. Its transparency in operations is highlighted by the presence of a comprehensive conflict of interest policy and regular distribution of financial documents to the board.
The organization's financial metrics are impressive, with a program expense ratio of over 70%, showcasing its commitment to directing funds towards its core mission of opera production and community engagement. Additionally, the fundraising efficiency is noted to be excellent at $0.11, indicating effective fundraising practices that support its objectives. The working capital ratio of 2.37 years reflects solid financial stability, allowing the organization to sustain its activities over time.
Despite the positive assessment, it is important to note that the culture and community score is slightly lower at 10%. While the organization is actively implementing equity practices, further details on how these practices are making an impact on community engagement could provide a fuller picture of its overall effectiveness and outreach. Overall, Boston Lyric Opera Company stands out for its strong governance and financial practices, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Lyric Opera Company legitimate?
Boston Lyric Opera Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Lyric Opera Company 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $379,589
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,569,962
For more financial information, click here
Official website here: www.blo.org
What is the mission statement of Boston Lyric Opera Company?
The Boston Lyric Opera Company's mission is centered around creating artistically superior opera productions, showcasing emerging operatic talent, and educating the community of all ages about opera. Their objective is to entertain and inspire audiences with a diverse repertoire while providing a platform for upcoming opera artists. Additionally, they are committed to engaging with the community through educational outreach programs.
Official website here: www.blo.org
Who is the CEO of Boston Lyric Opera Company?
Bradley A Vernatter is the CEO of Boston Lyric Opera Company The CEO's salary of Boston Lyric Opera Company is $187,084 and their total compensation is $194,814.
Official website here: www.blo.org
What is the revenue of Boston Lyric Opera Company?
Boston Lyric Opera Company's revenue in 2023 was $10,610,120.
Official website here: www.blo.org
Who are the executives of Boston Lyric Opera Company and what are their salaries?
The average compensation at Boston Lyric Opera Company during 2023 was $10,153. There are 389 employees and 80 volunteers at Boston Lyric Opera Company.
Here are 27 key members and their salaries (Boston Lyric Opera Company's CEO's salary is $187,084 and their total compensation is $194,814):
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- Compensation: $187,084
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- Compensation: $100,833
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- Other: $2,641
Official website here: www.blo.org
Where can I find the form 990 for Boston Lyric Opera Company?
Boston Lyric Opera Company's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.blo.org
Learn more at the official website: www.blo.org
Mission Statement of Boston Lyric Opera Company
The Boston Lyric Opera Company is dedicated to achieving artistic excellence by presenting a diverse range of operatic productions that captivate and inspire audiences. One of their primary objectives is to showcase emerging operatic talent, providing a platform for their growth and development. Furthermore, they are committed to engaging and educating the wider community, spanning all ages, about the enchanting world of opera.
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Impact
July, 2024
The Boston Lyric Opera Company's impact is significant in the city of Boston and beyond. Through artistically excellent productions of a diverse repertoire, the company entertains and inspires audiences, showcasing emerging operatic talent. Additionally, the company actively engages and educates the community of all ages about the art form of opera. This multifaceted approach not only contributes to the cultural vibrancy of Boston but also helps in fostering a deeper appreciation for opera among diverse audiences.
This information is meant to be a general summary of Boston Lyric Opera Company. 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: $413,773
- Program Service Revenue: $704,223
- Gross Receipts: $11,911,027
Assets and Liabilities:
- Total Assets: $20,393,253
- Total Liabilities: $1,175,591
- Net Assets: $19,217,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$699,622
BROADCAST REVENUE
Revenue
$4,601
Organization Details
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