Overview
What is Lyric Stage Inc?
Lyric Stage Inc, located at 3630 Harry Hines Blvd Number 17, Dallas, TX 75219, is a distinguished nonprofit organization dedicated to the preservation and advancement of the American musical. Serving Dallas County, Lyric Stage stands out as the sole locally produced, professional musical theater company in the area. Their mission is to create and present world premiere musicals and Off-Broadway productions, contributing to the development and preservation of this unique art form. With a dedicated team of just two employees, Lyric Stage continues to shape the cultural landscape of Dallas by offering a diverse array of performances.
Official website here: www.lyricstage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Lyric Stage Inc has achieved a strong Four-Star rating from Charity Navigator, signifying a high level of accountability and financial transparency. The charity's overall score of 90% is based entirely on its performance in the Accountability & Finance category, showcasing robust practices in governance and fiscal management.
Strengths of Lyric Stage Inc include an independently governed board with 88% of its members being independent, strong oversight through a dedicated Audit and Oversight Committee, and comprehensive policies in place, including conflict of interest and whistleblower protections. Additionally, the organization exhibits a high program expense ratio of 92.68%, indicating that a significant portion of its expenditures directly supports its mission.
However, while the organization scores well in many areas, its liabilities to assets ratio of 58.64% earned a slightly lower score, suggesting some financial risk that may need monitoring. Overall, Lyric Stage Inc demonstrates strong governance and effective use of resources, though ongoing attention to financial health is advisable.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lyric Stage Inc?
92% of 225 reviewers on Facebook recommend Lyric Stage Inc. Here is a summary of their reviews:
The recent production of "Camelot" received high praise, with many attendees highlighting the exceptional performances of the leads and the quality of the orchestra, comparing it favorably to Broadway standards. This positive feedback underscores the nonprofit's strong commitment to delivering high-quality theatrical experiences.
Overall, participants seem to appreciate the level of talent showcased at Lyric Stage Inc., suggesting that the organization consistently meets or exceeds the expectations of its audience. With an impressive recommendation rate, it's clear that many find joy and value in the performances offered.
This AI summary has been generated from reviews found on Facebook.
Is Lyric Stage Inc legitimate?
Lyric Stage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Stage 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,833
For more financial information, click here
Official website here: www.lyricstage.org
What is the mission statement of Lyric Stage Inc?
Lyric Stage Inc is committed to fostering and safeguarding the American musical genre. Serving as Dallas County's sole locally produced, professional musical theater company, their mission involves producing both world premiere musicals and Off-Broadway productions, thereby contributing to the continuation and evolution of this art form.
Official website here: www.lyricstage.org
Who is the CEO of Lyric Stage Inc?
Scott Guenther is the Chairperson of Lyric Stage Inc.
Official website here: www.lyricstage.org
What is the revenue of Lyric Stage Inc?
Lyric Stage Inc's revenue in 2023 was $901,526.
Official website here: www.lyricstage.org
Who are the executives of Lyric Stage Inc and what are their salaries?
The average compensation at Lyric Stage Inc during 2023 was $5,416. There are 2 employees and 10 volunteers at Lyric Stage Inc.
Here are 9 key members and their salaries:
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Official website here: www.lyricstage.org
Where can I find the form 990 for Lyric Stage Inc?
Lyric Stage Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lyricstage.org
Learn more at the official website: www.lyricstage.org
Mission Statement of Lyric Stage Inc
Lyric Stage Inc, a renowned organization, is committed to the development and preservation of the American musical. Serving as Dallas County's sole professional musical theater company that produces its shows locally, Lyric Stage stands out in the world of musical theater. The organization's mission extends beyond mere entertainment, as it is dedicated to showcasing world premiere musicals and Off-Broadway productions, contributing to the richness and diversity of the American musical genre. By doing so, Lyric Stage Inc plays a significant role in nurturing and maintaining the legacy of this unique form of art.
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Impact
July, 2024
Lyric Stage Inc makes a significant cultural impact by being Dallas County's only locally produced, professional musical theater company dedicated to the development and preservation of the American musical. Through their productions of world premiere musicals and Off-Broadway shows, they contribute to the vibrant arts scene in Dallas and provide opportunities for both emerging and established artists to showcase their talent. By focusing on this niche genre, Lyric Stage enriches the community with unique and high-quality theatrical experiences, engaging audiences and promoting the growth of the performing arts in the region.
This information is meant to be a general summary of Lyric Stage 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 2023.
- Investment Income: $84
- Program Service Revenue: $232,728
- Gross Receipts: $901,526
Assets and Liabilities:
- Total Assets: $375,872
- Total Liabilities: $220,413
- Net Assets: $155,459
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales
Revenue
$228,707
Concession Sales
Revenue
$2,661
Acting Classes
Revenue
$1,360
Organization Details
Founding Year
1993
Phone
(972) 594-1904Principal Officer
Scott Guenther
Main Address
3630 Harry Hines Blvd Number 17, Dallas, TX, 75219
Website
www.lyricstage.orgNTEE Category
Code: A650 - Arts
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