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 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.

Program Service Accomplishments

Program 1
Expenses: $6,871,933 Revenue: $782,800

BLO IS A MASSACHUSETTS NONPROFIT INSTITUTION INCORPORATED IN 1976. BLO IS NEW ENGLAND'S LARGEST AND LONGEST ESTABLISHED OPERA COMPANY. CELEBRATED FOR ITS ARTISTIC EXCELLENCE AND DIVERSE REPERTOIRE...

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BLO IS A MASSACHUSETTS NONPROFIT INSTITUTION INCORPORATED IN 1976. BLO IS NEW ENGLAND'S LARGEST AND LONGEST ESTABLISHED OPERA COMPANY. CELEBRATED FOR ITS ARTISTIC EXCELLENCE AND DIVERSE REPERTOIRE, BLO'S MISSION IS TO BUILD CURIOSITY, ENTHUSIASM AND SUPPORT FOR OPERA BY CREATING MUSICALLY AND THEATRICALLY COMPELLING PRODUCTIONS AND EVENTS, AND TO PROVIDE EDUCATIONAL RESOURCES FOR THE BOSTON COMMUNITY AND BEYOND.BLO'S LONG-TERM SUCCESS IS ROOTED IN ITS COMMITMENT TO OFFERING THE HIGHEST CALIBER PRODUCTIONS OF BOTH CLASSIC AND CONTEMPORARY OPERAS; PROVIDING AN INTERNATIONALLY RENOWNED PLATFORM ON WHICH EMERGING ARTISTS CAN GROW AND DEVELOP; ENGAGING NEW AND DIVERSE AUDIENCES. THROUGH INNOVATIONS IN TECHNOLOGY, OURTEACH AND STRATEGIC COMMUNICATIONS; AND BY OFFERING COLLABORATIVE EDUCATION AND COMMUNITY EVENTS BOTH ON ITS OWN AND IN PARTNERSHIP WITH OTHER WORLD-LEADING, BOSTON-BASED CULTURAL INSTITUTIONS. THROUGH THE WHOLE OF ITS EFFORTS, BLO ACHIEVES ITS MISSION BY ENSURING THE AVAILABILITY AND ACCESSIBILITY OF ONE OF THE WORLD'S GREATEST AND OLDEST ART FORMS FOR GENERATIONS TO COME.EACH SEASON, BLO REACHES ANNUAL AUDIENCES OF MORE THAN 20,000 PEOPLE THROUGH THE PRESENTATION OF FOUR ON-STAGE PRODUCTIONS AND A VARIETY OF COMMUNITY OUTREACH PROGRAMS. IN FISCAL YEAR 2023, BLO PRESENTED LIVE PERFORMANCES ON ITS STREET STAGE AT LOCATIONS AROUND THE GREATER BOSTON AREA.

Program 2
Expenses: $94,161

BLO'S EDUCATION AND COMMUNITY PROGRAMS ARE CENTRAL TO BLO'S MISSION OF ENGAGING NEW AND DIVERSE AUDIENCES IN THE LIVING ART OF OPERA. BLO'S PROGRAMS PROVIDE VALUABLE LEARNING AND CURRICULUM RESOURCES...

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BLO'S EDUCATION AND COMMUNITY PROGRAMS ARE CENTRAL TO BLO'S MISSION OF ENGAGING NEW AND DIVERSE AUDIENCES IN THE LIVING ART OF OPERA. BLO'S PROGRAMS PROVIDE VALUABLE LEARNING AND CURRICULUM RESOURCES FOR TEACHERS AT ALL LEVELS; ENGAGE FAMILIES, YOUNG ADULTS AND UNDERREPRESENTED GROUPS; AND CREATE LINKAGES WITH OTHER VITAL ART FORMS, INCLUDING THEATER, CLASSICAL MUSIC, DANCE, THE VISUAL ARTS AND BEYOND. THROUGH EDUCATIONAL PROGRAMS AND PARTNERSHIP PROGRAMS, BLO COLLABORATES ACROSS A BROAD SPECTRUM TO TAKE OPERA DEEPER INTO THE FABRIC OF THE LOCAL COMMUNITY AND BEYOND.

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Trantor Score

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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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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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