Overview
What is Lyric Opera Of Chicago?
Lyric Opera of Chicago is a renowned nonprofit organization based in Chicago, Illinois. With a team of 923 employees, they are dedicated to bringing world-class opera performances to the Chicago region and the nation. During the fiscal year, they presented 37 opera productions, attracting approximately 91,200 attendees. Their mission goes beyond just providing opera performances; they strive to engage and educate the community through a diverse and innovative program. By producing a balanced repertoire of core classics, lesser-known masterpieces, and new works, they aim to advance the development of opera as an art form. Additionally, they foster emerging operatic talent, ensuring the continued growth and vitality of the genre.
Official website here: www.lyricopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Lyric Opera of Chicago has achieved a high rating of 96% from Charity Navigator, reflecting its strong performance in various operational aspects. The charity's Accountability & Finance score stands out at 98%, indicating effective management of resources and transparency. The organization demonstrates a robust infrastructure with a high percentage of independent board members and strong financial practices, such as a program expense ratio of approximately 79%.
In terms of culture and community, the Lyric Opera has a score of 86%, highlighting its engagement and the importance it places on inclusivity and outreach. The organization also excels in leadership and adaptability with a perfect score of 100%, suggesting a commitment to evolving with the needs of its community and enhancing its internal structure.
While the overall ratings are impressive, areas for potential improvement include the scores in leadership and adaptability which, although high, indicate that there may be room for further progress in these categories. Nonetheless, the Lyric Opera of Chicago showcases a strong foundation with a focus on financial accountability, community engagement, and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Lyric Opera Of Chicago legitimate?
Lyric Opera Of Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Opera Of Chicago 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: $2,433,632
Professional Fundraising Fees: $50,635
Other Salaries and Wages: $28,480,805
For more financial information, click here
Official website here: www.lyricopera.org
What is the mission statement of Lyric Opera Of Chicago?
The Lyric Opera of Chicago is dedicated to delivering a rich cultural experience to the Chicago region and the nation, as well as advancing the art form of opera. They firmly believe in the power of art, particularly opera, to change lives, inspire, and reveal new perspectives. To achieve this mission, they consistently produce and perform world-class opera productions, with a diverse repertoire ranging from classic masterpieces to lesser-known gems and new works. In addition, they offer an extensive range of community engagement and education programs, aimed at reaching a broad audience, and nurturing emerging operatic talent.
Official website here: www.lyricopera.org
Who is the CEO of Lyric Opera Of Chicago?
Unavailable The CEO's salary of Lyric Opera Of Chicago is $714,627 and their total compensation is $756,108.
Official website here: www.lyricopera.org
What is the revenue of Lyric Opera Of Chicago?
Lyric Opera Of Chicago's revenue in 2022 was $78,366,900.
Official website here: www.lyricopera.org
Who are the executives of Lyric Opera Of Chicago and what are their salaries?
The average compensation at Lyric Opera Of Chicago during 2022 was $33,493. There are 923 employees and 815 volunteers at Lyric Opera Of Chicago.
Here are 111 key members and their salaries (Lyric Opera Of Chicago's CEO's salary is $714,627 and their total compensation is $756,108):
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Official website here: www.lyricopera.org
Where can I find the form 990 for Lyric Opera Of Chicago?
Lyric Opera Of Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyricopera.org
Learn more at the official website: www.lyricopera.org
Mission Statement of Lyric Opera Of Chicago
Lyric Opera of Chicago, a renowned cultural institution, is committed to delivering a rich and significant cultural experience to the Chicago region and beyond. By believing in the profound impact of exceptional art and opera, this esteemed organization aspires to provide a diverse, deep, and relevant service to the community.
Through its unwavering dedication to opera, Lyric Opera of Chicago produces and performs world-class productions, encompassing both classic masterpieces and lesser-known gems, as well as fostering new works. This thoughtfully curated repertoire ensures that the organization remains at the forefront of the art form's development.
Moreover, Lyric Opera of Chicago is deeply invested in community engagement and education, offering an extensive range of innovative and inclusive programs. These initiatives aim to broaden access to opera and introduce the transformative power of this art form to diverse audiences. By nurturing emerging operatic talent, the organization plays a vital role in the development of future generations of artists and the continued evolution of the art form itself.
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Impact
October, 2024
Lyric Opera of Chicago plays a pivotal role in enriching the cultural landscape of the Chicago region and beyond. Its commitment to producing world-class opera performances fosters a deep appreciation for this art form, enhancing the local community’s access to a diverse repertoire that includes classic operas, lesser-known masterpieces, and new works.
With 37 opera performances attracting approximately 91,200 attendees in a fiscal year, the Lyric engages a vast audience, bringing the power of music and storytelling to life on stage. This accessibility to high-quality operatic performances not only entertains but also transforms the lives of those who experience it, emphasizing the revelatory power of great art.
Additionally, Lyric Opera's wide-ranging community engagement and educational programs are designed to reach diverse audiences, fostering a love for opera among people of all backgrounds. By developing exceptional emerging talent, the organization ensures the future of operatic art, contributing to the cultural vitality of the region and nurturing a new generation of artists.
Overall, Lyric Opera of Chicago is a cornerstone of the arts in the area, elevating cultural conversations and serving as a catalyst for artistic growth and community connection.
This information is meant to be a general summary of Lyric Opera Of Chicago. 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 2022.
- Investment Income: $8,301,969
- Program Service Revenue: $12,830,724
- Gross Receipts: $137,895,917
Assets and Liabilities:
- Total Assets: $283,616,223
- Total Liabilities: $87,777,121
- Net Assets: $195,839,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$11,667,223
TICKET HNDLG/EXCHG FEES
Revenue
$785,288
PRODUCTION RENTALS/CO-PRODUCTION INCOME
Revenue
$247,356
FACILITIES EVENTS FEES
Revenue
$29,959
Organization Details
Founding Year
1954
Phone
(312) 332-2244Main Address
20 N Wacker Drive 860, Chicago, IL, 60606
Website
www.lyricopera.orgNTEE Category
Code: A6A0 - Arts
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