LYRIC THEATRE & CULTURAL ARTS CENTER

EIN: 272608879 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$573,972
Total Expenses
$460,125
Total Assets
$861,289
Net Assets
$793,282
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
KY
Principal Officer
CHRISTIAN ADAIR
Phone
8592802218
Tax Period
2024-07-01 to 2025-06-30

LYRIC THEATRE & CULTURAL ARTS CENTER, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $574K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 20% operating margin.

Mission

THE MISSION OF THE LYRIC THEATRE AND CULTURAL ARTS CENTER IS TO PRESERVE, PROMOTE, PRESENT AND CELEBRATE DIVERSE CULTURES WITH SPECIAL EMPHASIS ON AFRICAN-AMERICAN CULTURAL HERITAGE THROUGH ARTISTIC PRESENTATIONS OF THE HIGHEST QUALITY, EDUCATIONAL PROGRAMMING AND OUTREACH.

Program Service Accomplishments

Program 1
Expenses: $246,129 Revenue: $177,912

DURING FISCAL YEAR 2025, THE LYRIC THEATRE & CULTURAL ARTS CENTER CONTINUED TO SERVE AS AN IMPORTANT CULTURAL, EDUCATIONAL, AND COMMUNITY RESOURCE FOR LEXINGTON AND THE SURROUNDING REGION. THE...

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DURING FISCAL YEAR 2025, THE LYRIC THEATRE & CULTURAL ARTS CENTER CONTINUED TO SERVE AS AN IMPORTANT CULTURAL, EDUCATIONAL, AND COMMUNITY RESOURCE FOR LEXINGTON AND THE SURROUNDING REGION. THE ORGANIZATION FULFILLED ITS NONPROFIT MISSION BY PROVIDING ARTS EDUCATION, CULTURAL PROGRAMMING, HISTORICAL PRESERVATION, ARTIST SUPPORT, AND AFFORDABLE COMMUNITY ACCESS TO THE ARTS FOR PEOPLE OF ALL AGES AND BACKGROUNDS.ARTS EDUCATION AND YOUTH PROGRAMMING:THE LYRIC PROVIDED YOUTH ARTS PROGRAMS, THEATRE WORKSHOPS, AFTER-SCHOOL ACTIVITIES, CULTURAL ARTS INSTRUCTION, AND CREATIVE ENRICHMENT OPPORTUNITIES THAT ENCOURAGED CREATIVITY, SELF-EXPRESSION, CONFIDENCE, AND PERSONAL GROWTH. THE ORGANIZATION ALSO OFFERED FREE WEEKLY COMMUNITY CLASSES EVERY TUESDAY INCLUDING YOGA, AFROBEATS DANCE, LATIN DANCE, ACTING CLASSES, AND OPPORTUNITIES FOR LOCAL FILMMAKERS TO SHOWCASE AMATEUR FILMS. SCHOLARSHIPS AND FREE PROGRAMMING HELPED REMOVE FINANCIAL BARRIERS FOR PARTICIPATION.COMMUNITY ENGAGEMENT AND PUBLIC PROGRAMS:THE LYRIC HOSTED CONCERTS, FESTIVALS, SPEAKER SERIES, FILM SCREENINGS, WELLNESS ACTIVITIES, EDUCATIONAL FORUMS, CULTURAL CELEBRATIONS, AND CIVIC EVENTS THAT BROUGHT THE COMMUNITY TOGETHER AND INCREASED PUBLIC PARTICIPATION IN ARTS AND CULTURE. MANY EVENTS WERE FREE OR AFFORDABLE TO ENSURE ACCESSIBILITY FOR UNDERSERVED AND LOW-INCOME RESIDENTS.ARTIST DEVELOPMENT AND ECONOMIC SUPPORT:THE ORGANIZATION SUPPORTED LOCAL AND REGIONAL ARTISTS BY PROVIDING PERFORMANCE OPPORTUNITIES, EXHIBITION SPACE, TECHNICAL SUPPORT, NETWORKING OPPORTUNITIES, PROFESSIONAL EXPOSURE, AND FAIR COMPENSATION. THESE EFFORTS HELPED STRENGTHEN LEXINGTON'S LOCAL ARTS ECONOMY AND PROVIDED MEANINGFUL OPPORTUNITIES FOR EMERGING AND ESTABLISHED ARTISTS.HISTORICAL PRESERVATION AND CULTURAL HERITAGE:AS A HISTORIC AFRICAN AMERICAN CULTURAL INSTITUTION, THE LYRIC PRESERVED AND CELEBRATED LOCAL AFRICAN AMERICAN HISTORY AND CULTURE THROUGH EXHIBITIONS, STORYTELLING PROGRAMS, PERFORMANCES, AND EDUCATIONAL ACTIVITIES. THESE PROGRAMS HELPED EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF AFRICAN AMERICAN ARTS, CULTURE, AND HISTORICAL CONTRIBUTIONS WITHIN THE COMMUNITY.FACILITY AND COMMUNITY USE:THE LYRIC PROVIDED AFFORDABLE AND ACCESSIBLE SPACE FOR NONPROFIT ORGANIZATIONS, SCHOOLS, CIVIC GROUPS, BUSINESSES, AND COMMUNITY ORGANIZATIONS TO HOST MEETINGS, EDUCATIONAL PROGRAMS, PERFORMANCES, AND PUBLIC EVENTS. THE FACILITY SERVED THOUSANDS OF PATRONS THROUGHOUT THE YEAR AND REMAINED A CENTRAL GATHERING SPACE FOR COMMUNITY COLLABORATION AND ENGAGEMENT.USE OF DONATIONS AND GRANTS:DONATIONS, SPONSORSHIPS, AND GRANT FUNDING WERE USED TO EXPAND ARTS EDUCATION PROGRAMS, SUPPORT FREE AND AFFORDABLE PUBLIC PROGRAMMING, INVEST IN ARTIST DEVELOPMENT, IMPROVE OPERATIONAL CAPACITY, AND MAINTAIN THE HISTORIC FACILITY. FUNDING ALSO SUPPORTED TECHNOLOGY AND FACILITY UPGRADES INCLUDING LIGHTING, SOUND EQUIPMENT, FURNISHINGS, AND INTERIOR IMPROVEMENTS THAT ENHANCED VISITOR EXPERIENCES AND PROGRAM DELIVERY.ORGANIZATIONAL GROWTH AND VOLUNTEER SUPPORT:THE ORGANIZATION CONTINUED EXPANDING ITS PROGRAMMING AND OUTREACH EFFORTS THROUGH PERSONNEL GROWTH, COMMUNITY PARTNERSHIPS, AND OPERATIONAL IMPROVEMENTS. APPROXIMATELY 15 VOLUNTEERS SUPPORTED EVENTS, PROGRAMMING, OPERATIONS, AND COMMUNITY ENGAGEMENT EFFORTS THROUGHOUT THE FISCAL YEAR.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $219,798
Program Service Revenue $163,249
Investment Income $25,530
Other Revenue $165,395
TOTAL REVENUE $573,972

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,761
Fundraising Expenses $0
Program Expenses $246,129
Other Expenses $229,364
TOTAL EXPENSES $460,125

Year-over-Year Comparison

2024 2023 Change
Revenue $573,972 $513,562 +0.1%
Expenses $460,125 $479,831 0.0%
Net Income $113,847 $33,731 +2.4%
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
15
Independent Members
15
Employees
12
Volunteers
15

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
5
$92,464
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE BARBER PRESIDENT 2.00
Officer Director
$0 $0 $0
MORGAN JONES SECRETARY 2.00
Officer Director
$0 $0 $0
LARRY JOHNSON TREASURER 2.00
Officer Director
$0 $0 $0
TYLER MORTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SEON JACKSON DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER BUTLER DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY DANIELS DIRECTOR 1.00
Director
$0 $0 $0
MATT CRUTCHER DIRECTOR 1.00
Director
$0 $0 $0
PAULA CAMPBELL-RUDD DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE FITCH DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
GEORGE BROWN DIRECTOR 1.00
Director
$0 $0 $0
OBIE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
LATOSHA REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
ANITREA BURKS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN ADAIR EXECUTIVE DIRECTOR 40.00
Officer
$92,464 $0 $92,464
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 $573,972 $460,125 $861,289 $113,847
2024 $513,562 $479,831 $701,065 $33,731
2023 $538,737 $330,827 $704,272 $207,910
2022 $450,573 $323,107 $500,406 $127,466
2021 $289,788 $193,327 $454,336 $96,461
2020 $405,360 $356,696 $274,421 $48,664
2019 $404,219 $405,816 $195,067 $-1,597
2018 $514,404 $505,764 $224,649 $8,640
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