BOSTON LYRIC OPERA COMPANY

EIN: 042469627 501(c)(3) Arts, Culture & Humanities

BOSTON, MA

Total Revenue
$10,610,120
Total Expenses
$10,057,820
Total Assets
$23,261,747
Net Assets
$20,411,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MA
Principal Officer
JARRELL PERKINS
Phone
6175424912
Tax Period
2022-07-01 to 2023-06-30

BOSTON LYRIC OPERA COMPANY, founded in 1970, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.6M in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $10.1M left a modest 5% surplus.

Mission

BOSTON LYRIC OPERA INSPIRES, ENTERTAINS, AND CONNECTS COMMUNITIES THROUGH COMPELLING OPERA PERFORMANCES, PROGRAMS, AND GATHERINGS. OUR VISION IS TO CREATE OPERATIC MOMENTS THAT ENRICH EVERYDAY LIFE. OUR VALUES: BOLDNESS WE TELL EVOCATIVE STORIES THROUGH MUSIC AND DRAMA ON A LARGE SCALE AND IN UNEXPECTED SETTINGS. WE CELEBRATE THE RICH HISTORY OF OPERA AND PROMOTE ADVENTUROUSNESS, WHICH ADVANCES THE ART FORM, ACCESSES OUR IMAGINATIONS, AND INSPIRES NEW THINKING. COLLABORATION OPERA IS DEEPLY INTERCONNECTED STORYTELLING, MUSIC, AND DESIGN ON AN AMBITIOUS LEVEL THAT REQUIRES MANY PEOPLE'S ARTISTRY, TECHNICAL SKILL, PASSION, PARTICIPATION, AND SUPPORT. WE NURTURE CREATIVE PEOPLE AND PARTNERSHIPS THAT ARE DIVERSE IN THINKING AND EXPERIENCES, AND WE PROVIDE STRUCTURE AND SUPPORT FOR EVERYONE TO THRIVE. CONNECTION WE NURTURE A VITAL ECOSYSTEM OF RELATIONSHIPS AND EXCHANGES THAT ELEVATE THE HUMAN EXPERIENCE AND IMPACT PEOPLE. THESE CONNECTIONS ARE THE FORCE THAT STRENGTHENS US AND OUR COMMUNITIES. LEARNING WE SEEK OPPORTUNITIES TO LEARN NEW IDEAS AND EXPAND OUR MINDS, WHICH DRIVES PROGRESS. WE CREATE TIME AND SPACE TO LISTEN, ENGAGE AND GROW TOGETHER. BELONGING WE ARE COMMITTED TO STORYTELLING THAT REFLECTS A WIDE VARIETY OF PERSPECTIVES AND IDENTITIES AND INVITES EVERYONE TO PARTICIPATE. WE CREATE WELCOMING AND ACCESSIBLE SPACES THAT CELEBRATE THE UNIQUENESS OF OUR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,337,471
Program Service Revenue $704,223
Investment Income $489,849
Other Revenue $78,577
TOTAL REVENUE $10,610,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,637,208
Fundraising Expenses $839,759
Program Expenses $6,966,094
Other Expenses $5,420,612
TOTAL EXPENSES $10,057,820

Year-over-Year Comparison

2022 2021 Change
Revenue $10,610,120 $6,377,028 +0.7%
Expenses $10,057,820 $7,797,596 +0.3%
Net Income $552,300 $-1,420,568 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
389
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$300,512
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL J PUZO CHAIR 5.00
Officer Director
$0 $0 $0
MIGUEL DE BRAGANCA VICE-CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN W JACOBS TREASURER 1.00
Officer Director
$0 $0 $0
DR IRVING H PLOTKIN CLERK 1.00
Officer Director
$0 $0 $0
WAYNE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
WILLA BODMAN DIRECTOR 1.00
Director
$0 $0 $0
LINDA CABOT BLACK DIRECTOR 1.00
Director
$0 $0 $0
ALICIA COONEY DIRECTOR 1.00
Director
$0 $0 $0
ALAN DYNNER DIRECTOR 1.00
Director
$0 $0 $0
ANDREW EISENBERG DIRECTOR 1.00
Director
$0 $0 $0
MIMI HEWLETT DIRECTOR 1.00
Director
$0 $0 $0
AMELIA WELT KATZEN DIRECTOR 1.00
Director
$0 $0 $0
MARIA J KROKIDAS DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE BASSICK DIRECTOR 1.00
Director
$0 $0 $0
ABIGAIL B MASON DIRECTOR 1.00
Director
$0 $0 $0
A NEIL PAPPALARDO DIRECTOR 1.00
Director
$0 $0 $0
E LEE PERRY DIRECTOR THROUGH 03/2023 1.00
Director
$0 $0 $0
DAVID W SCUDDER DIRECTOR 1.00
Director
$0 $0 $0
RAY STATA DIRECTOR 1.00
Director
$0 $0 $0
ANNE M MORGAN DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY FULHAM DIRECTOR 1.00
Director
$0 $0 $0
VINCENT D ROUGEAU DIRECTOR 1.00
Director
$0 $0 $0
LISA HILLENBRAND DIRECTOR 1.00
Director
$0 $0 $0
ALEX SENCHAK DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY A VERNATTER GENERAL ARTISTIC DIRECTOR AND CEO 40.00
Officer
$187,084 $7,730 $194,814
DAVID A TOMPKINS CHIEF OPERATING OFFICER 40.00
Officer
$104,923 $775 $105,698
SARA C O'BRIEN SENIOR DIRECTOR OF PUBLIC ENGAGEMENT 40.00
Highest
$100,833 $2,641 $103,474
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $10,610,120 $10,057,820 $23,261,747 $552,300
2022 $6,377,028 $7,797,596 $20,393,253 $-1,420,568
2021 $7,326,686 $5,164,070 $24,492,285 $2,162,616
2020 $7,716,865 $7,966,971 $20,490,086 $-250,106
2019 $8,741,470 $8,696,758 $22,326,551 $44,712
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