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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: 203018953 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Lyric Foundation Inc?

Lyric Foundation Inc is a nonprofit organization situated in Chicago, Illinois. Their primary focus is on empowering youth and providing skills development through workforce development programs. They extend their efforts beyond academics, organizing tutoring sessions and food drives to assist urban communities and individuals in need throughout the year. Their commitment to community service is unwavering, making a positive impact in the lives of many within the city of Chicago.

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 990EZ, 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.

What is the mission statement of Lyric Foundation Inc?

The Lyric Foundation's mission is centered around providing skills development and tutoring services for youth through workforce development programs. They actively engage in organizing tutoring sessions and food drives, aiming to support urban communities and individuals in need, all year round. Their operations are not limited to a specific location, as they serve the community within the city of Chicago, Illinois.

Who is the CEO of Lyric Foundation Inc?

Maurita Holmes is the President of Lyric Foundation Inc.

What is the revenue of Lyric Foundation Inc?

Lyric Foundation Inc's revenue in 2022 was $183,520.

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


Here are 7 key members and their salaries:


Maurita Holmes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
La Donna Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shandria Holmes (Board Holmes)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Mares (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Lyric Foundation Inc?

Lyric Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Lyric Foundation Inc

The Lyric Foundation, a non-profit organization, is dedicated to providing skills development and tutoring services for youth through its workforce development programs. This organization actively engages in community service, organizing tutoring sessions and food drives to cater to the needs of urban communities and individuals in distress, all year round. The Lyric Foundation's mission is to make a positive impact on the lives of its beneficiaries, offering them the necessary tools and resources to succeed.

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Impact




October, 2024

Lyric Foundation Inc significantly impacts urban communities in Chicago by providing essential skills development and youth tutoring programs. Their workforce development initiatives empower young individuals, equipping them with the necessary tools to succeed in today's job market. Additionally, Lyric Foundation organizes consistent tutoring sessions and food drives, addressing the educational and nutritional needs of underserved populations. By focusing on youth development, they not only enhance academic performance but also foster personal growth and community resilience, making a lasting difference in the lives of those they serve.




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.


Financials

This financial information is from Propublica.

Revenue
$183,520 (2022)
Expenses
$182,769 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $183,520

Assets and Liabilities:

  • Total Assets: $1,259
  • Total Liabilities: $0
  • Net Assets: $1,259

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Organization Details

Principal Officer

Maurita Holmes

Main Address

8429 S RACINE, CHICAGO, IL, 60621

NTEE Category

Code: O50 - Youth development

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