Overview
What is Atlanta Lyric Theatre Inc?
Atlanta Lyric Theatre Inc, situated in Marietta, Georgia, is a distinguished nonprofit organization that annually stages five captivating full-scale musicals. By doing so, they provide an exceptional and top-notch entertainment experience to the local community. The theatre also highlights local talent, ensuring that the Atlanta theatrical scene thrives. Alongside its theatrical endeavors, Atlanta Lyric Theatre offers enriching educational programs, promoting artistic growth and expanding the audience's appreciation for musical theatre in the greater metropolitan area. With a dedicated team of 27 individuals, the organization strives to maintain artistic excellence and nurture the local theatrical community.
Official website here: www.atlantalyrictheatre.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Atlanta Lyric Theatre Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board composed of 12 members, which is a positive aspect, it has not provided necessary financial statements, contributing to its low overall score.
The theater has demonstrated commendable program expense management with an impressive program expense ratio of 84.81%. However, the absence of key policies, such as a conflict of interest policy and a whistleblower policy, alongside missing financial statements on its website, raises concerns about transparency and governance. Additionally, the organization's liabilities to assets ratio of 63.76% reflects potential financial risk that stakeholders should consider.
In summary, while Atlanta Lyric Theatre Inc shows strength in board independence and program spending, significant gaps in financial transparency and governance policies impede its overall rating. Prospective donors and supporters may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Atlanta Lyric Theatre Inc legitimate?
Atlanta Lyric Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlanta Lyric Theatre 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $610,196
For more financial information, click here
Official website here: www.atlantalyrictheatre.com
What is the mission statement of Atlanta Lyric Theatre Inc?
Atlanta Lyric Theatre Inc is committed to delivering top-notch musical theatre productions and supporting the development of the local theatrical community in Atlanta. By showcasing local professional talent, they strive to enhance the theatrical scene. Their educational programs and pursuit of artistic excellence aim to broaden the audience for musical theatre in the greater metropolitan area, providing a unique and premium entertainment experience. In essence, the theatre aims to stage five full-scale musicals each year, featuring local talent, and offering high-quality educational programs.
Official website here: www.atlantalyrictheatre.com
Who is the CEO of Atlanta Lyric Theatre Inc?
Patricia Schoettler is the Member of Atlanta Lyric Theatre Inc.
Official website here: www.atlantalyrictheatre.com
What is the revenue of Atlanta Lyric Theatre Inc?
Atlanta Lyric Theatre Inc's revenue in 2022 was $1,604,238.
Official website here: www.atlantalyrictheatre.com
Who are the executives of Atlanta Lyric Theatre Inc and what are their salaries?
The average compensation at Atlanta Lyric Theatre Inc during 2022 was $25,236. There are 27 employees and 20 volunteers at Atlanta Lyric Theatre Inc.
Here are 11 key members and their salaries:
- Compensation: $47,690
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Official website here: www.atlantalyrictheatre.com
Where can I find the form 990 for Atlanta Lyric Theatre Inc?
Atlanta Lyric Theatre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.atlantalyrictheatre.com
Learn more at the official website: www.atlantalyrictheatre.com
Mission Statement of Atlanta Lyric Theatre Inc
Atlanta Lyric Theatre Inc is committed to showcasing the finest musical theatre productions while nurturing the Atlanta theatrical community. By featuring local professional talent, the organization aims to broaden the audience for musical theatre in the metropolitan area. Pursuing artistic excellence and providing educational programs are integral parts of their mission. Through these initiatives, Atlanta Lyric Theatre seeks to inform and engage the community, ultimately expanding the reach and appreciation for musical theatre.
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Impact
July, 2024
Atlanta Lyric Theatre Inc's impact lies in its dedication to producing top-notch musical theatre and supporting the growth of the Atlanta theatrical community by highlighting local professional talent. Through educational programs and a commitment to artistic excellence, the Lyric aims to both inform and expand the audience for musical theatre in the greater metropolitan area. By staging five full-scale musicals each year, featuring local talent, and offering quality educational programs, the organization provides Atlanta audiences with unique and high-quality entertainment experiences while nurturing the local arts scene.
This information is meant to be a general summary of Atlanta Lyric Theatre 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $578
- Program Service Revenue: $760,963
- Gross Receipts: $1,635,188
Assets and Liabilities:
- Total Assets: $283,311
- Total Liabilities: $290,875
- Net Assets: -$7,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Production Revenue
Revenue
$760,963
Organization Details
Founding Year
1996
Phone
(404) 377-9948Principal Officer
Patricia Schoettler
Main Address
12 Powder Springs St 280, Marietta, GA, 30064
Website
www.atlantalyrictheatre.comNTEE Category
Code: A650 - Arts
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