Overview
What is Austin Lyric Opera?
Austin Lyric Opera is a distinguished nonprofit organization situated in Austin, Texas. With a team of 184 dedicated individuals, their primary mission is to enrich the cultural and educational landscape of Austin and the wider Central Texas community through the production of operatic and music theatre performances. This includes presenting various operas, concerts, and educational programs across the Austin area, many of which are free or accessible online. The organization's approach is multidisciplinary and collaborative, bringing together local and national artists to create compelling operatic experiences. Austin Lyric Opera also actively partners with local schools and community groups, offering robust and responsive educational programs that inspire and engage the community. By leveraging the transformative power of opera, they aim to enhance the quality of life for their diverse community.
Official website here: www.austinopera.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Austin Lyric Opera has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization boasts a perfect score in various categories, including independent board members and the oversight of its financial statements. Its strong governance practices and transparent policies contribute significantly to its positive evaluation.
The nonprofit excels in maintaining a low material diversion of assets and has no loans to or from officers, further reinforcing its financial integrity. With a program expense ratio of 68.08%, it demonstrates a responsible allocation of funds toward its core mission. The fundraising efficiency ratio is also impressive, indicating effective use of donations to support its operational needs.
While the overall rating is excellent, there may always be areas for improvement, such as enhancing program expense ratios or increasing working capital. Nonetheless, the strong financial metrics and independent oversight suggest that Austin Lyric Opera is well-managed and committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Austin Lyric Opera legitimate?
Austin Lyric Opera is a legitimate nonprofit organization registered as a 501(c)(3) entity. Austin Lyric Opera 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: $450,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,210,074
For more financial information, click here
Official website here: www.austinopera.org
What is the mission statement of Austin Lyric Opera?
The Austin Lyric Opera leverages the multidisciplinary, collaborative, and transformative power of opera to enhance the quality of life for diverse communities. They achieve this by:
1. Collaborating with local and national artists to create exceptional, meaningful operatic performances and experiences.
2. Partnering with schools and community groups to provide robust, responsive educational programs that inspire and engage.
3. Leading the development of innovative strategies to expand the reach and impact of the operatic medium beyond Austin.
The organization's initiatives include free operatic performances, both live and online, as well as educational programs that inspire and engage various audiences. These initiatives aim to bring opera to a broader audience and foster a deeper appreciation for this art form.
Official website here: www.austinopera.org
Who is the CEO of Austin Lyric Opera?
Anne M Burridge is the Director of Austin Lyric Opera.
Official website here: www.austinopera.org
What is the revenue of Austin Lyric Opera?
Austin Lyric Opera's revenue in 2022 was $4,414,312.
Official website here: www.austinopera.org
Who are the executives of Austin Lyric Opera and what are their salaries?
The average compensation at Austin Lyric Opera during 2022 was $9,025. There are 184 employees and 131 volunteers at Austin Lyric Opera.
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Official website here: www.austinopera.org
Where can I find the form 990 for Austin Lyric Opera?
Austin Lyric Opera's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austinopera.org
Learn more at the official website: www.austinopera.org
Mission Statement of Austin Lyric Opera
Austin Lyric Opera, a renowned organization, utilizes the multidisciplinary, collaborative, and transformative power of opera to enhance the quality of life in their diverse community. This is achieved through several strategic initiatives. Firstly, the opera company brings together local and national artists to create exceptional, meaningful operatic performances and experiences. By doing so, they engage audiences and contribute to the rich cultural landscape of opera.
Secondly, Austin Lyric Opera partners with local schools and community groups to offer robust, responsive educational programs. These programs inspire and engage individuals, fostering a deeper understanding and appreciation for opera. By collaborating with various sectors of the community, the opera company ensures that its educational initiatives are relevant and impactful.
Lastly, Austin Lyric Opera is at the forefront of developing innovative strategies to expand the scope and impact of the operatic medium. Their goal is to extend the reach of opera beyond the traditional setting, making it more accessible and relevant to a wider audience. By leveraging their position as a leading opera company, Austin Lyric Opera seeks to enhance the cultural vibrancy of their community and beyond.
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Impact
July, 2024
Austin Lyric Opera's impact is significant in Austin and the greater Central Texas community. By presenting operas, concerts, and free educational programs, the organization enriches the cultural and educational landscape of the area. Through its collaborative efforts with local and national artists, Austin Lyric Opera creates outstanding and meaningful operatic experiences for diverse audiences. Its partnerships with schools and community groups result in engaging educational programs that inspire and enrich the community. The organization's innovative strategies aim to expand the reach and impact of the operatic medium in Austin and beyond, ultimately enhancing the quality of life for all residents.
This information is meant to be a general summary of Austin Lyric Opera. 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: $189,886
- Program Service Revenue: $842,379
- Gross Receipts: $4,886,232
Assets and Liabilities:
- Total Assets: $5,079,323
- Total Liabilities: $684,340
- Net Assets: $4,394,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUE
Revenue
$825,019
MEMBER DUES
Revenue
$13,360
EQUIPMENT RENTAL
Revenue
$4,000
Organization Details
Founding Year
1985
Phone
(512) 472-5992Principal Officer
Anne M Burridge
Main Address
3009 INDUSTRIAL TERRACE 100, AUSTIN, TX, 78758
Website
www.austinopera.orgNTEE Category
Code: A6A0 - Arts
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