The Patrick G and Shirley W Ryan Opera Center

EIN: 362796630 501(c)(3)

Chicago, IL

Total Revenue
$2,321,702
Total Expenses
$1,992,001
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IL
Phone
3123322244
Tax Period
2018-07-01 to 2019-06-30

The Patrick G and Shirley W Ryan Opera Center, founded in 1974, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $2.0M left a modest 14% surplus.

Mission

As the artist-training branch of Lyric Opera of Chicago, the Ryan Opera Center offers year-round education and performance opportunities to some of the nation's most talented young singers and pianists, facilitating their transition from academic training to a successful career in opera. Under the inspired leadership of Director Daniel Novak, the program aims to produce a new generation of opera artists at the highest level of performance and creativity. The mission of the Ryan Opera Center is to: 1. Provide comprehensive instruction by world-renowned faculty to nurture the superb talents and skills of its ensemble; 2. Offer significant performance experiences, mentorship by master artists, and career guidance to benefit the artists-in-training; 3. Produce cultural-outreach presentations that enhance the artists' performance skills and increase public access to Ryan Opera Center programming.

Program Service Accomplishments

Program 1
Expenses: $1,608,642 Revenue: $650,875

The Patrick G and Shirley W Ryan Opera Center offered year-round training and performance opportunities to its 12 singers and 1 pianist. This included instruction in voice (average 3-4 private...

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The Patrick G and Shirley W Ryan Opera Center offered year-round training and performance opportunities to its 12 singers and 1 pianist. This included instruction in voice (average 3-4 private lessons per month and 5-10 hours of coaching per week), acting and language, as well as Master Classes, all provided by 51 artists, faculty and staff. The Ryan Opera Center artists also participated in 86 performances on the Lyric Opera mainstage and in community outreach concerts, and 12 WFMT Recital Series radio performances. In total they were seen by more than 145,000 people, and heard on the radio by an estimated 620,000 people. As of 6/30/2019, The Patrick G and Shirley W Ryan Opera Center transferred its operations and formally merged with the Lyric Opera of Chicago.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,694,040
Program Service Revenue $650,875
Investment Income $0
Other Revenue $-23,213
TOTAL REVENUE $2,321,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,652,023
Fundraising Expenses $61,443
Program Expenses $1,608,642
Other Expenses $339,978
TOTAL EXPENSES $1,992,001

Year-over-Year Comparison

2018 2017 Change
Revenue $2,321,702 $2,590,215 -0.1%
Expenses $1,992,001 $2,016,302 0.0%
Net Income $329,701 $573,913 -0.4%
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
46
Independent Members
46
Employees
55
Volunteers
59

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
13
$138,202
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 1.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 1.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Vice-President 2.0
Officer Director
$0 $0 $0
N/A Treasurer 2.0
Officer Director
$0 $0 $0
N/A Secretary 2.0
Officer Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee/Beginning 9/13/18 1.0
Director
$0 $0 $0
N/A Trustee/Beginning 9/13/18 1.0
Director
$0 $0 $0
N/A Trustee/Beginning 6/26/19 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee/Partial year to 12/3/18 1.0
Director
$0 $0 $0
N/A Trustee/Partial year to 9/10/18 1.0
Director
$0 $0 $0
N/A Trustee/ Partial Year to 6/26/19 1.0
Director
$0 $0 $0
N/A Trustee/ Partial Year to 6/26/19 1.0
Director
$0 $0 $0
N/A Vice-President&Director 40.0
Officer
$120,792 $17,410 $138,202
N/A Assistant Treasurer, CFO 1.0
Officer
$0 $0 $0
N/A Music Director 40.0
Highest
$138,808 $22,934 $161,742
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
2019 $2,321,702 $1,992,001 No data $329,701
2018 $2,590,215 $2,016,302 $1,097,055 $573,913
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