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Lyric Opera of Chicago

Lyric Opera of Chicago

Chicago, IL 60606
Tax ID36-6008929

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About this organization

Revenue

$81,389,759

Expenses

$80,008,397

Mission

Founded in 1954, Lyric Opera of Chicago's mission is to express and promote the life-changing, transformational, revelatory power of great opera. Lyric exists to provide a broad, deep, and relevant cultural service to Chicago and the nation, and to advance the development of the art form. Lyric is dedicated to producing and performing consistently thrilling, entertaining, and thought-provoking opera with a balanced repertoire of core classics, lesser-known masterpieces, and new works; to creating an innovative and wide-ranging program of community engagement and educational activities; and to developing exceptional emerging operatic talent.

About

During the fiscal year, 55 opera performances, 34 performances of one musical, and 2 concerts/recitals rehearsals were produced by Lyric Opera of Chicago. These performances were attended by approximately 267,700 people.

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “We believe in the life-changing, transformational, revelatory power of great art and opera. lyric opera of chicago exists to provide a broad, deep, and relevant cultural service to the chicago region and the nation, and to advance the development of the art form of opera by: - producing and performing consistently thrilling, world-class opera, with a balanced repertoire that encompasses core classics, lesser-known masterpieces, and new works. - creating a diverse, innovative, wide-ranging program of community engagement and education activities that reaches the widest possible public. - developing exceptional emerging operatic talent.”.

When outlining its functions, they were explained as: “Lyric opera of chicago exists to provide a broad, deep, and relevant cultural service to the chicago region and the nation and to advance the development of the art form of opera.”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as IL.
  • The filing records the non-profit's address for 2020 as 20 N Wacker Drive 860, Chicago, IL, 60606.
  • As of 2020, the non-profit's form reports a total of 1162 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Provides credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,381,362.
  • The CEO's salary plan within the organization is subject to review and endorsement by an independent body.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 100 independent voting members.
  • The organization was formed in 1954.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $46,698,099 in salary, compensation, and benefits to its employees.
  • The organization pays $5,530,275 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has a business related family member transaction.
  • The organization has a business related organization transaction.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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