Overview
What is Lyric Theatre Of Oklahoma Inc?
Lyric Theatre of Oklahoma Inc, located at 1727 NW 16th Street, Oklahoma City, OK 73106, is a prominent nonprofit organization with a workforce of 270 individuals. The organization's primary mission, as detailed in its filings, is a subject of great interest, which unfortunately, the provided information does not disclose. However, it's safe to assume that Lyric Theatre of Oklahoma Inc is dedicated to contributing positively to its community through the unique activities and purposes it pursues. The organization's exact exempt purpose and mission are discussed in more detail in its official documentation.
Official website here: www.lyrictheatreokc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Lyric Theatre of Oklahoma Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's impressive overall score is solely derived from its accountability measures, indicating a commitment to transparency and good governance. The organization has a 100% independent board, ensuring that decisions are made without conflicts of interest, and it has robust financial oversight practices in place.
The evaluation highlights several strengths, including a high program expense ratio at 81.47%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the theater's fundraising efficiency is commendable, with only $0.04 spent to raise each dollar, showcasing effective fundraising strategies. The organization also has a strong working capital ratio, ensuring financial stability and the ability to cover its liabilities comfortably.
There are no significant limitations noted in the rating data. The theater has implemented various policies that reinforce its commitment to accountability, such as a conflict of interest policy and a whistleblower policy. Overall, Lyric Theatre of Oklahoma Inc stands out as a well-managed nonprofit with a clear focus on serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lyric Theatre Of Oklahoma Inc?
94% of 944 reviewers on Facebook recommend Lyric Theatre of Oklahoma Inc. Here is a summary of their reviews:
Many attendees express a deep appreciation for the quality of productions, highlighting a recent performance of The Addams Family that left a lasting impression on both adults and children alike. Reviewers often commend the talented cast and engaging performances, suggesting a strong commitment to delivering enjoyable theatrical experiences.
Overall, the sentiment is overwhelmingly positive, with patrons feeling that the theater consistently exceeds their expectations. Families especially appreciate the variety of shows offered, reinforcing the organization's reputation as a beloved local arts institution.
This AI summary has been generated from reviews found on Facebook.
Is Lyric Theatre Of Oklahoma Inc legitimate?
Lyric Theatre Of Oklahoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Theatre Of Oklahoma 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: $253,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,907,549
For more financial information, click here
Official website here: www.lyrictheatreokc.com
What is the mission statement of Lyric Theatre Of Oklahoma Inc?
The mission of Lyric Theatre of Oklahoma Inc. is not explicitly stated in the provided information. However, it is mentioned that the organization's mission, activity description, and exempt purpose are discussed in detail at a different location (ATTM 1). Unfortunately, the actual content of this detailed discussion is not provided in the information given. Consequently, I am unable to provide a summary of Lyric Theatre of Oklahoma Inc.'s mission statement.
Official website here: www.lyrictheatreokc.com
Who is the CEO of Lyric Theatre Of Oklahoma Inc?
James B Reynolds Jr is the Artistic Dir of Lyric Theatre Of Oklahoma Inc.
Official website here: www.lyrictheatreokc.com
What is the revenue of Lyric Theatre Of Oklahoma Inc?
Lyric Theatre Of Oklahoma Inc's revenue in 2022 was $5,615,430.
Official website here: www.lyrictheatreokc.com
Who are the executives of Lyric Theatre Of Oklahoma Inc and what are their salaries?
The average compensation at Lyric Theatre Of Oklahoma Inc during 2022 was $8,002. There are 270 employees and 150 volunteers at Lyric Theatre Of Oklahoma Inc.
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Official website here: www.lyrictheatreokc.com
Where can I find the form 990 for Lyric Theatre Of Oklahoma Inc?
Lyric Theatre Of Oklahoma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyrictheatreokc.com
Learn more at the official website: www.lyrictheatreokc.com
Mission Statement of Lyric Theatre Of Oklahoma Inc
Lyric Theatre of Oklahoma Inc is dedicated to a mission that is extensively discussed in detail elsewhere. At its core, the organization's mission revolves around the exempt purpose of Lyric Theatre, which is not specified in the provided information. However, given that the mission is discussed in detail, it can be inferred that Lyric Theatre of Oklahoma Inc is likely committed to promoting and fostering the arts, particularly theater, in a manner that benefits the community. The organization may provide opportunities for artistic expression, education, and entertainment, while also contributing to the cultural growth and development of its audience. The exact nature of this mission may be further elaborated upon in other sources.
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Impact
July, 2024
Lyric Theatre of Oklahoma Inc has a significant impact on Oklahoma City and the arts community in the state. Through its vibrant productions and community outreach programs, Lyric Theatre enriches the cultural landscape of the region. The organization's dedication to promoting and preserving the arts enhances the quality of life for residents and visitors alike. Additionally, Lyric Theatre provides opportunities for artists and performers to showcase their talents, contributing to the growth and development of the local arts scene. Overall, Lyric Theatre of Oklahoma Inc plays a vital role in fostering creativity, education, and entertainment within the community.
This information is meant to be a general summary of Lyric Theatre Of Oklahoma 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: $19,104
- Program Service Revenue: $1,730,735
- Gross Receipts: $5,644,636
Assets and Liabilities:
- Total Assets: $12,926,853
- Total Liabilities: $728,545
- Net Assets: $12,198,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$1,466,538
OTHER PROGRAMS
Revenue
$239,433
ADVERTISING
Revenue
$24,764
Organization Details
Founding Year
1964
Phone
(405) 524-9310Principal Officer
James B Reynolds Jr
Main Address
1727 NW 16TH STREET, OKLAHOMA CITY, OK, 73106
Website
www.lyrictheatreokc.comNTEE Category
Code: A65Z - Arts
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