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The Lyric Council Inc.

The Lyric Council Inc.

Blacksburg, VA 24063
Tax ID54-1725250

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About this organization

Revenue

$559,269

Expenses

$487,360

Mission

Enhance community participation in arts and culture by preserving the Lyric Theatre; partnering with community arts groups, to provide a diversity of films, live programs, arts information, and gallery opportunities and exhibitions; and promote Blacksburg, VA as an arts destination.

About

Enhance community participation in arts and culture by maintaining and preserving the Lyric Theatre and establishing and promoting Blacksburg, Virginia as an arts destination for the region.

Interesting data from their 2020 990 filing

The purpose of the non-profit is outlined in the filing as “The organization's mission is to enhance community participation in arts and culture by maintaining and preserving the lyric theatre; partnering with community arts groups to provide diversity of films, live programs, arts information, and gallery opportunities and exhibitions to the community; and establishing and promoting blacksburg, virginia as an arts destination for the region.”.

When discussing its operations, they were defined as: “Enhance community participation in arts and culture by preserving the lyric theatre; partnering with community arts groups, to provide a diversity of films, live programs, arts information, and gallery opportunities and exhibitions; and promote blacksburg,va as an arts destination.”.

  • The state where the non-profit operates has been legally reported as VA.
  • The filing indicates that the non-profit's address in 2020 is located at PO BOX 665, BLACKSBURG, VA, 24063.
  • The non-profit has reported 17 employees on their form as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $71,909.
  • The CEO's remuneration policy within the organization is established through an impartial review and endorsement process.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 12 independent voting members.
  • The organization was formed in 1995.
  • 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 O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $159,064 in salary, compensation, and benefits to its employees.
  • The organization pays $22,359 in fundraising expenses.
  • The organization has minutes of its meetings.

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