2025-05-12T15:23:35+00:00 2024-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-07-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Drive 860 Chicago IL 60606 John Mangum General Director, President, & CEO 2025-05-12 true Jennifer Burke P01342224 3128997000 2025-05-12 2023 2025-03-06 01:10:19Z John Mangum 20 N Wacker Drive 860 Chicago IL 60606 139764375 false X www.lyricopera.org X 1954 IL Lyric Opera of Chicago exists to provide a broad, deep, and relevant cultural service to the Chicago region and the nation and to advance the development of the art form of opera. 98 95 1148 789 291985 37493 33366098 35509671 20549988 14107253 3909658 5102773 1920088 2406736 59745832 57126433 0 0 51333371 48054271 70209 57873 4945795 34419076 29187857 85822656 77300001 -26076824 -20173568 269846836 266250685 83947725 81306151 185899111 184944534 We believe in the life-changing, transformational, revelatory power of great art and opera. Lyric Opera of Chicago exists to provide a broad, deep, and relevant cultural service to the Chicago region and the nation, and to advance the development of the art form of opera by: - Producing and performing consistently thrilling, world-class opera, with a balanced repertoire that encompasses core classics, lesser-known masterpieces, and new works. - Creating a diverse, innovative, wide-ranging program of community engagement and education activities that reaches the widest possible public. - Developing exceptional emerging operatic talent. false false 60630153 0 14099480 DURING THE FISCAL YEAR, 40 OPERA PERFORMANCES AND 1 CONCERT WERE PERFORMED BY LYRIC OPERA OF CHICAGO. THESE PERFORMANCES WERE ATTENDED BY APPROXIMATELY 108,620 PEOPLE. 1140015 0 0 LYRIC UNLIMITED, AN INITIATIVE OF LYRIC OPERA OF CHICAGO, OFFERS A MULTIFACETED PROGRAM OF EXPANDED COMMUNITY ENGAGEMENT AND ARTISTIC INITIATIVES AND INCLUDES LYRIC'S LONGSTANDING EDUCATIONAL PROGRAMS. LYRIC SEEKS TO ENRICH THE LIVES OF CHICAGO-AREA CHILDREN AND ADULTS THROUGH HIGH-QUALITY, ACCESSIBLE ARTS EDUCATION, WHICH FOCUSES ON CULTIVATING A LIFELONG APPRECIATION OF OPERA AND CREATING AUDIENCES FOR THE FUTURE. LYRIC'S SCHOOL PROGRAMS EMBRACE ARTS EDUCATION AS A CORE SUBJECT AND PROMOTE CROSS-CURRICULAR INTEGRATION WHILE FULFILLING STATE LEARNING STANDARDS. COMMUNITY PROGRAMS PROVIDE EDUCATION ON A VARIETY OF LEVELS, FROM NOVICE TO EXPERT, WHICH HEIGHTEN THE OPERA-GOING EXPERIENCE. 32 YOUTH AND ADULT PROGRAMS WERE HELD THROUGHOUT THE YEAR. ATTENDANCE FOR THESE EDUCATIONAL ACTIVITIES TOTALED APPROXIMATELY 26,575. PLEASE NOTE, AS REQUIRED BY THE INSTRUCTIONS, THE REVENUE DISCLOSED HERE DOES NOT INCLUDE CONTRIBUTED REVENUE FOR THESE PROGRAMS. 198787 0 26746 DURING THE FISCAL YEAR, THERE WERE 16 PRESENTATIONS AND EVENTS HELD IN THE FACILITY WITH TOTAL ATTENDANCE OF APPROXIMATELY 4,850 PEOPLE. ADDITIONALLY, DINING SPACE WAS USED BY BUILDING MANAGEMENT. 61968955 true true false false false false false false true true true false false true true true false false false true false false true true false false false false true false false false false false false false true true false false false false false false false false true 245 0 true 1148 true true true false false false false true true false false false false false false X 98 95 true false false false true true false true true false true true false true true true true true true true false CA IL NY X X Vincente Milianti 3123322244 20 N Wacker Drive No 860 Chicago IL 60606 ANTHONY FREUD GENERAL DIRECTOR, PRESIDENT & CEO 40.0 X X 767456 0 41747 DAN GROSSMAN TREASURER 2.0 X X 0 0 0 DAVID ORMESHER EXECUTIVE COMMITTEE CHAIR 2.0 X X 0 0 0 DONNA VAN EEKEREN SECRETARY 2.0 X X 0 0 0 ENRIQUE MAZZOLA VICE-CHAIR & MUSIC DIRECTOR 40.0 X X 161653 0 0 ERIC S SMITH VICE-CHAIR 2.0 X X 0 0 0 JAMES L ALEXANDER VICE-CHAIR 2.0 X X 0 0 0 SHIRLEY W RYAN VICE-CHAIR 2.0 X X 0 0 0 SYLVIA NEIL CHAIR 6.0 X X 0 0 0 WILLIAM C VANCE VICE-CHAIR/UNTIL SEP 2023 2.0 X X 0 0 0 ALLAN B MUCHIN TRUSTEE 1.0 X 0 0 0 ALLAN DREBIN TRUSTEE 1.0 X 0 0 0 ALLAN E BULLEY III TRUSTEE 1.0 X 0 0 0 AMY CARBONE TRUSTEE 1.0 X 0 0 0 ANNA PAGLIA TRUSTEE 1.0 X 0 0 0 BLYTHE J MCGARVIE TRUSTEE 1.0 X 0 0 0 BRENDA M SHAPIRO TRUSTEE 1.0 X 0 0 0 BRENDA ROBINSON TRUSTEE 1.0 X 0 0 0 BRUCE BRAUN TRUSTEE/BEG APR 2024 1.0 X 0 0 0 BRYAN TRAUBERT TRUSTEE 1.0 X 0 0 0 CHARLES DROEGE TRUSTEE 1.0 X 0 0 0 CHAZ EBERT TRUSTEE 1.0 X 0 0 0 CHERRYL THOMAS TRUSTEE 1.0 X 0 0 0 CHRISTINE SCHYVINCK TRUSTEE 1.0 X 0 0 0 CRAIG C MARTIN TRUSTEE 1.0 X 0 0 0 DAN DRAPER TRUSTEE 1.0 X 0 0 0 DENISE GARDNER TRUSTEE/BEG APR 2024 1.0 X 0 0 0 DON M RANDEL TRUSTEE 1.0 X 0 0 0 DORRI MCWHORTER TRUSTEE/BEG APR 2024 1.0 X 0 0 0 ELLIOT E HIRSCH TRUSTEE/UNTIL JUN 2024 1.0 X 0 0 0 ETHEL C GOFEN TRUSTEE 1.0 X 0 0 0 FRANCESCA CORNELLI TRUSTEE 1.0 X 0 0 0 FRANK B MODRUSON TRUSTEE 1.0 X 0 0 0 GARY HAASE TRUSTEE 1.0 X 0 0 0 GREGORY J O'LEARY TRUSTEE 1.0 X 0 0 0 GREGORY JONES TRUSTEE 1.0 X 0 0 0 H GAEL NEESON TRUSTEE 1.0 X 0 0 0 J THOMAS HURVIS TRUSTEE/UNTIL SEP 2023 1.0 X 0 0 0 JAMES E FELLOWES TRUSTEE 1.0 X 0 0 0 JANE CHU TRUSTEE 1.0 X 0 0 0 JANE DIRENZO PIGOTT TRUSTEE 1.0 X 0 0 0 JEFFREY C NEAL TRUSTEE 1.0 X 0 0 0 JENNIE HUANG BENNETT TRUSTEE/BEG FEB 2024 1.0 X 0 0 0 JODI HOCHBERGER RUBENSTEIN TRUSTEE 1.0 X 0 0 0 JOHN E BUTLER TRUSTEE 1.0 X 0 0 0 JOHN ROBAK TRUSTEE/BEG APR 2024 1.0 X 0 0 0 JONATHAN LEWIS TRUSTEE 1.0 X 0 0 0 JOSE L PRADO TRUSTEE 1.0 X 0 0 0 JOSEF LAKONISHOK TRUSTEE 1.0 X 0 0 0 JOSEPH RUBINELLI JR TRUSTEE 1.0 X 0 0 0 JULIE BASKES TRUSTEE/UNTIL SEP 2023 1.0 X 0 0 0 KAREN FREEMAN-WILSON TRUSTEE 1.0 X 0 0 0 KAREN Z GRAY-KREHBIEL TRUSTEE 1.0 X 0 0 0 KATHERINE A ABELSON TRUSTEE 1.0 X 0 0 0 KEVIN SMITH Trustee 1.0 X 0 0 0 KIP KELLEY II TRUSTEE 1.0 X 0 0 0 LAURA DEFELICE TRUSTEE 1.0 X 0 0 0 LAURIE BAY TRUSTEE/UNTIL JUN 2024 1.0 X 0 0 0 LESTER CROWN TRUSTEE 1.0 X 0 0 0 LINDA K MYERS TRUSTEE 1.0 X 0 0 0 LOIS EISEN TRUSTEE 1.0 X 0 0 0 LORI A KOMISAR TRUSTEE 1.0 X 0 0 0 LOUISE BERNARD TRUSTEE/BEG DEC 2023 1.0 X 0 0 0 MARIA GREEN TRUSTEE 1.0 X 0 0 0 MARION CAMERON-GRAY TRUSTEE 1.0 X 0 0 0 MARSHA CRUZAN TRUSTEE 1.0 X 0 0 0 MARSHA SERLIN TRUSTEE 1.0 X 0 0 0 MATTHEW A FISHER TRUSTEE 1.0 X 0 0 0 MATTHEW J PARR TRUSTEE 1.0 X 0 0 0 MELVIN GRAY TRUSTEE 1.0 X 0 0 0 MIMI MITCHELL TRUSTEE 1.0 X 0 0 0 NANCY SANTI TRUSTEE 1.0 X 0 0 0 NANCY SEARLE TRUSTEE 1.0 X 0 0 0 NASRIN THIERER TRUSTEE 1.0 X 0 0 0 NEIL KAWASHIMA TRUSTEE 1.0 X 0 0 0 OLIVIA TYRRELL TRUSTEE 1.0 X 0 0 0 OLUFUNMILAYO I OLOPADE MD TRUSTEE 1.0 X 0 0 0 ORIT CARPENTER TRUSTEE 1.0 X 0 0 0 PAM SZOKOL TRUSTEE/UNTIL JUN 2024 1.0 X 0 0 0 PAUL F ANDERSON TRUSTEE/UNTIL NOV 2023 1.0 X 0 0 0 PENELOPE R STEINER TRUSTEE 1.0 X 0 0 0 PHIL LUMPKIN TRUSTEE/BEG SEP 2023 1.0 X 0 0 0 RALPH HASBUN TRUSTEE 1.0 X 0 0 0 RICHARD RYAN Trustee 1.0 X 0 0 0 RICHARD W COLBURN TRUSTEE 1.0 X 0 0 0 RICHARD W SHEPRO TRUSTEE 1.0 X 0 0 0 ROBERT B FORD TRUSTEE 1.0 X 0 0 0 ROBERT J MCCULLEN TRUSTEE 1.0 X 0 0 0 ROBERTA L WASHLOW TRUSTEE 1.0 X 0 0 0 SAMIR MAYEKAR TRUSTEE 1.0 X 0 0 0 SANTINO BIBBO TRUSTEE/BEG APR 2024 1.0 X 0 0 0 SARAH GARVEY TRUSTEE/BEG SEP 2023 1.0 X 0 0 0 SCOTT COZAD TRUSTEE/UNTIL APR 2024 1.0 X 0 0 0 SCOTT SANTI TRUSTEE 1.0 X 0 0 0 SHARON F OBERLANDER TRUSTEE 1.0 X 0 0 0 SONIA FLORIAN TRUSTEE/UNTIL SEP 2023 1.0 X 0 0 0 STEPHEN KAPLAN TRUSTEE 1.0 X 0 0 0 STEVEN L FRADKIN TRUSTEE 1.0 X 0 0 0 SUSAN MORRISON TRUSTEE/UNTIL JUL 2023 1.0 X 0 0 0 TANYA POLSKY TRUSTEE 1.0 X 0 0 0 VIKRAM KARNANI TRUSTEE 1.0 X 0 0 0 VINAY COUTO TRUSTEE 1.0 X 0 0 0 WILLIAM A OSBORN TRUSTEE/UNTIL JUN 2024 1.0 X 0 0 0 DREW LANDMESSER CHIEF OPERATING OFFICER & DEPUTY GENERAL DIRECTOR/UNTIL OCT 2023 40.0 X 682085 0 37815 ELIZABETH HURLEY ASST SECRETARY, CAO, DEPUTY GENERAL DIRECTOR/BEG NOV 2023 40.0 X 775173 0 47839 VINCENTE MILIANTI ASST TREASURER, CFAO/UNTIL OCT 2023, CFOO/BEG NOV 2023 40.0 X 293391 0 32864 JOE DOCKWEILER MASTER CARPENTER 40.0 X 220274 0 83064 KATHLEEN SHEEHAN VICE PRESIDENT FOR PRINCIPAL GIFTS 40.0 X 247364 0 28815 MATTHEW OZAWA CHIEF ARTISTIC ADMINISTRATION OFFICER 40.0 X 251623 0 35819 MICHAEL BLACK CHORUS DIRECTOR & HEAD OF MUSIC 40.0 X 266147 0 11557 PAUL GUNNING VICE PRESIDENT & CHIEF MARKETING OFFICER/UNTIL SEP 2023 40.0 X 222607 0 57299 ROBERTA LANE Former ASST TREASURER/CFAO 15.0 X 206549 0 6602 4094322 0 383421 92 true true false Bulley rews Concrete Restoration LLC 1755 W Armitage Avenue Chicago IL 60622 Construction 1255272 Allied Integrated Marketing 55 Cambridge Parkway Suite 200 Cambridge MA 02142 Advertising Agency 1158052 Hamill Partners Inc 8501 W Higgins Rd Suite 160 Chicago IL 60631 Janitorial Services 632052 Vedder Price 222 N LaSalle St Chicago IL 60601 Legal Services 607384 J and L Food Services Inc 1639 W Walnut St Chicago IL 60612 Catering 597094 35 1709712 632146 33167813 3077894 35509671 TICKET SALES 711190 12949434 12949434 TICKET HNDLG/EXCHG FEES 711190 706167 706167 PRODUCTION RENTALS/CO-PRODUCTION INCOME 711190 377181 377181 PRODUCTION, COSTUME, SET SALES 711190 47725 47725 FACILITIES EVENTS FEES 900099 26746 26746 0 0 0 0 14107253 3063996 49770 3014226 4037051 2294183 1742868 0 1742868 1742868 79854081 395123 77740643 469784 2113438 -74661 2038777 2038777 847340 1709712 1371495 -524155 -524155 1535229 761837 773392 3514 769878 PARTY RECEPTION INCOME 900099 235874 235874 0 MISCELLANEOUS 900099 126647 18973 107674 RESTAURANT INCOME 900099 33023 0 33023 19087 0 2827 16260 414631 57126433 14126226 291985 7198551 2403122 958578 821708 622836 2550 2550 33650979 28042047 3189016 2419916 3065283 2844169 106030 115084 5601683 5082674 242764 276245 3330654 2829602 265118 235934 588313 255709 332604 248099 248099 57873 57873 1851776 1847917 3859 4553136 3818460 619104 115572 1590708 1498751 22391 69566 1461257 934448 373911 152898 1200135 28708 1158071 13356 201904 201904 2651499 2311298 252657 87544 997006 654518 134319 208169 31131 14255 13292 3584 3086500 2947945 121436 17119 4467819 4325823 141996 1116367 887618 224741 4008 PRODUCTION COSTS 3226756 3226756 CATERING 418914 35782 56389 326743 CHARGE CARD FEES 410690 371888 14 38788 DUES AND SUBSCRIPTIONS 99524 61995 26728 10801 986323 633477 186946 165900 77300001 61968955 10385251 4945795 7885295 13051567 894548 930145 26376368 16126663 431130 358187 0 0 0 0 0 0 9298 10194 3766166 3881639 127050432 88680184 40365475 38370248 47694066 46729889 142374609 146792153 0 0 0 49881 0 269846836 266250685 7586020 6029541 0 0 7844469 7713379 65800000 65539086 0 0 0 0 0 0 0 0 2717236 2024145 83947725 81306151 X 82917791 77396071 102981320 107548463 0 0 0 0 0 0 185899111 184944534 269846836 266250685 X -20173568 20810690 -1591699 X false true X true false X 36568721 33854022 56174395 33366098 35509671 195472907 0 0 36568721 33854022 56174395 33366098 35509671 195472907 11053707 184419200 4260908 1980287 3469729 3809316 7101047 20621287 25654 0 62224 116264 37493 241635 652455 102179 188569 161069 156955 1261227 217597056 65572511 0.8475 0.8045 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - DINING SPACES, COLUMN A - 495871.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 495871.0; DESCRIPTION - OTHER, COLUMN A - 156584.0, COLUMN B - 102179.0, COLUMN C - 188569.0, COLUMN D - 161069.0, COLUMN E - 156955.0, COLUMN F - 765356.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67707897 2909296 10242629 3903938 742465 76213419 62627889 1168514 7481700 3169699 400507 67707897 68051058 5161427 -7039532 2551173 993891 62627889 52197208 4364692 14419253 2405839 524256 68051058 54986095 271612 -138918 2514315 407266 52197208 0.0 0.56 0.44 true false 696577 696577 104627631 75071835 29555796 0 0 0 21178249 13608349 7569900 547975 0 547975 38370248 Hedged Equities- Non-Publicly Absolute Return- Non-Publicly Traded Equities- Non-Publicly Traded Real Assets- Non-Publicly Traded Assets Held in Trust Hedged Equities- Non-Publicly 11467618 F Absolute Return- Non-Publicly Traded 16105029 F Equities- Non-Publicly Traded 93688030 F Real Assets- Non-Publicly Traded 20136191 F Assets Held in Trust 5395285 F 146792153 Annuities Payable Interest Rate Swap Contract Annuities Payable 365814 Interest Rate Swap Contract 1658331 2024145 X 75640405 20810690 419757 -2293875 1429176 20365748 55274657 1851776 0 1851776 57126433 76594982 419757 727000 1146757 75448225 1851776 0 1851776 77300001 Schedule D, Part V, Line 4 Intended uses of endowment funds The Opera's endowment is comprised of donor-restricted endowment funds. Related net assets are classified and reported based on the existence or absence of donor-imposed restrictions. The Opera's Board of Directors has approved a spending policy which allows for the transfer of 5% of the average of the market values of the trailing twelve quarter balance of the managed portfolio at December 31 of the previous fiscal year, including endowment balances, to be used to support operations and fund debt service. The spending rate approximates the return objective of the fund allowing for the preservation of purchasing power and growth of the managed portfolio through investment returns in excess of the objective and new gifts. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Opera is exempt from federal income taxes under the provisions of Section 501(C)(3) of the Internal Revenue Code. The Opera has concluded there were no material uncertain tax positions nor does the Opera expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Opera does not have nor does it anticipate any interest and penalties related to unrecognized tax positions in interest and income tax expense as of June 30, 2024 and June 30, 2023. There are no ongoing federal, state or local audits. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 UNREALIZED GAIN - INTEREST RATE SWAP - 658396 COST OF GOODS SOLD - 761837 DISPOSAL OF FIXED ASSET - 74661 FUNDRAISING ACTIVITIES - -65718 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 761837 DISPOSAL OF FIXED ASSET - 74661 CHANGE IN SEVERANCE PLANS' VALUATION - -43780 FUNDRAISING EXPENSES - -65718 Central America and the Caribbean 0 0 Investments N/A 20342605 Europe (Including Iceland and Greenland) 0 0 Program Services Artistic/Production Costs 481201 Europe (Including Iceland and Greenland) 0 0 Investments N/A 3056047 Europe (Including Iceland and Greenland) 0 0 Fundraising N/A 404427 North America (Canada & Mexico only) 0 0 Fundraising N/A 6425 North America (Canada & Mexico only) 0 0 Program Services ARTISTIC/PRODUCTION COSTS 330317 North America (Canada & Mexico only) 0 0 Management & Gen'l - Information Technology Costs N/A 67786 Russia and Neighboring States 0 0 Program Services ARTISTIC/PRODUCTION COSTS 112000 Sub-Saharan Africa 0 0 Fundraising N/A 2403 0 0 0 0 0 0 24803211 0 24803211 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true SD&A Teleservices Inc 5757 W Century Blvd Suite 300 Los Angeles CA 90045 Telefundraising false 80690 57873 22817 80690 57873 22817 CA IL IN MI NY WI Opening Night 1392674 1324973 67701 0 0 62919 99584 25322 24437 Board Trip 502187 4564 497623 0 0 7381 0 52300 503896 5 657469 380175 277294 0 0 20107 185266 9359 380924 2552330 1709712 842618 0 0 90407 284850 86981 909257 1371495 -528877 Schedule G, Part II Line 11 Net Income The mechanics of schedule G require that we remove charitable contributions collected at the special event, in order to determine income or loss on events. $1.7 Million of charitable contributions were collected (Schedule G, Part II line 2) for a true net income of $1.2 Million collected at these events. X true true X X X X false true false false false false false false false ANTHONY FREUD GENERAL DIRECTOR, PRESIDENT & CEO 660740 0 0 0 106716 0 19956 0 21791 0 809203 0 30000 0 ENRIQUE MAZZOLA VICE-CHAIR & MUSIC DIRECTOR 161653 0 0 0 0 0 0 0 0 0 161653 0 0 0 ROBERTA LANE Former ASST TREASURER/CFAO 206498 0 0 0 51 0 6602 0 0 0 213151 0 0 0 DREW LANDMESSER CHIEF OPERATING OFFICER & DEPUTY GENERAL DIRECTOR/UNTIL OCT 2023 510759 0 0 0 171326 0 18882 0 18933 0 719900 0 0 0 ELIZABETH HURLEY ASST SECRETARY, CAO, DEPUTY GENERAL DIRECTOR/BEG NOV 2023 410054 0 0 0 365119 0 19802 0 28037 0 823012 0 0 0 VINCENTE MILIANTI ASST TREASURER, CFAO/UNTIL OCT 2023, CFOO/BEG NOV 2023 293103 0 0 0 288 0 11003 0 21861 0 326255 0 0 0 MATTHEW OZAWA CHIEF ARTISTIC ADMINISTRATION OFFICER 251431 0 0 0 192 0 13850 0 21969 0 287442 0 0 0 PAUL GUNNING VICE PRESIDENT & CHIEF MARKETING OFFICER/UNTIL SEP 2023 222250 0 0 0 357 0 32824 0 24475 0 279906 0 0 0 KATHLEEN SHEEHAN VICE PRESIDENT FOR PRINCIPAL GIFTS 246097 0 0 0 1267 0 12055 0 16760 0 276179 0 0 0 MICHAEL BLACK CHORUS DIRECTOR & HEAD OF MUSIC 265321 0 0 0 826 0 0 0 11557 0 277704 0 0 0 JOE DOCKWEILER MASTER CARPENTER 220274 0 0 0 0 0 28242 0 54822 0 303338 0 0 0 Schedule J, Part I, Line 1a Travel for companions TO ENCOURAGE BOARD AND SPONSORSHIP DEVELOPMENT, LYRIC OPERA SPONSORS AN ANNUAL EVENT FOR CERTAIN BOARD MEMBERS AND THEIR SIGNIFICANT OTHERS TO PARTICIPATE IN OPERATIC AND CULTURAL EVENTS IN A FOREIGN LOCALE. THE GENERAL DIRECTOR, PRESIDENT & CEO AND SPOUSE AND THE CHIEF ADVANCEMENT OFFICER ATTEND AND ARE AN INTEGRAL DAILY PART OF THIS EVENT. NONE OF THE COSTS ARE TAXED TO THE EMPLOYEES, AS THE TRIP IS FOR BUSINESS PURPOSES FOR LYRIC OPERA. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Lyric contributed $30,000 to a supplemental nonqualified retirement plan for Anthony Freud, which was distributed in 2023. Drew Landmesser contributed $20,160 to a supplemental nonqualified retirement plan. The amounts that were contributed to a supplemental nonqualified retirement plan are included in Schedule J, Part II, Box (B)(iii). Schedule J, Part II, Column (B)(iii) Other reportable compensation Anthony Freud, Elizabeth Hurley, and Drew Landmesser received deferred compensation payments per the terms of their employment contracts. Total reportable compensation may include multiple deferred compensation payments reported in the same tax year. Bulley rews Concrete Restoration LLC ENTITY MORE THAN 35% OWNED BY A. BULLEY, TRUSTEE 1652659 Contracted Consultant - Normal Course of Business false X 48 2915195 Market value X Ember Mugs 1 9000 Market value X Video Recording 1 20944 Market value X Airplane Travel Miles 1 116089 Market value X Catering 1 1260 Market value X Hosting Gatherings 3 15406 Market value 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Stock donations received Other - Ember Mugs - Number of contributions Other - Video Recording Number of contributions Other - Airplane Travel Miles - Number of contributions Other - Catering - Number of contributions Other - Hosting Gatherings - Number of contributions Form 990, Part VI, Line 1a Delegate broad authority to a committee The Board of Directors shall designate not more than 30 Directors to constitute an Executive Committee. The Executive Committee shall have all of the authority of the Board in the management of the Corporation except with regard to matters on which the Board has acted and except further the Executive Committee shall not: (a) Adopt a plan for the distribution of the assets of the Corporation, or for dissolution; (b) Approve or recommend to Members any act the Illinois General Not For Profit Corporation Act of 1986 requires to be approved by Members; (c) Fill vacancies on the Board or on any of its committees; (d) Elect, appoint or remove any officer or Director or member of any committee, or fix the compensation of any member of a committee; (e) Adopt, amend, or repeal the Bylaws or the Articles of Incorporation; (f) Adopt a plan of merger or adopt a plan of consolidation with another corporation, or authorize the sale, lease, exchange or mortgage of all or substantially all of the property or assets of the Corporation; or (g) Amend, alter, repeal or take action inconsistent with any resolution or action of the Board of Directors when the resolution or action of the Board of Directors provides by its terms that it shall not be amended, altered or repealed by action of a committee. The delegation herein of authority to the Executive Committee shall not operate to relieve the Board of Directors, or any individual Director, of any responsibility imposed upon it, him, or her by law. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Scott Santi and Nancy Santi - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders Each person, firm or corporation donating $500 or more to the Corporation in any 10-month period from July 1 of any calendar year through April 30 of the following calendar year shall become a Member for the 12-month period beginning on the May 1 immediately following the end of such 10-month period and ending on the following April 30. Each person, firm or corporation donating $500 or more to the Corporation in any 2-month period beginning on the July 1 immediately following the end of such 2-month period and ending on the following June 30. The General Director or Executive Committee shall designate each Member as Aria, Platinum, Grand, Golden Grand, Silver Grand, Premier Benefactor, Bravo Circle, Impresario, Friend, Sustainer or such other designation as the General Director or Executive Committee shall determine based upon amount of contribution. The General Director or Executive Committee shall set and increase or decrease, from time to time, the respective amounts required for each designation. The various designations shall not affect the voting and other legal rights of Members under the Illinois General Not For Profit Corporation Act of 1986. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Each Member shall be entitled to one vote at each Annual Meeting for the election of Directors and on such other matters as are submitted to a vote of the Members. Each Member shall have the right to vote in person, by proxy or by e-mail or other electronic means for as many persons as there are Directors to be elected. No cumulative voting shall be permitted. Form 990, Part VI, Line 11b Review of form 990 by governing body The Lyric Opera of Chicago Form 990 and Supplemental Schedules are prepared and reviewed by Lyric staff. A review is then performed by our Tax Advisor. The Form 990 and supplemental schedules are provided to the full Lyric Opera Audit Committee, along with the appropriate members of Lyric Opera staff, for their review prior to a meeting of the full audit committee where the Tax Advisor oversees the discussion and review of the Form 990. The audit committee then approves the filings prior to them being filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy Lyric Opera maintains a Conflict of Interest Policy which applies to all Directors, officers of auxiliary organizations authorized by the Opera, as well as senior management and other designated members of the staff. The Policy requires each person to whom the policy applies to complete an annual disclosure questionnaire which identifies a business or financial interest of that person which is planning to engage in a business transaction with the Opera, or has engaged in a business transaction with the Opera during the preceding year. The Policy forbids such individuals from voting on or using their personal influence in connection with such transactions. In the event the Opera does conduct business with a related party, the financial terms of those relationships are reported annually to the Audit Committee, whose members must be independent per the terms of its charter. The Opera requires each full-time non-union employee to conduct themselves in accordance with the Code of Business Conduct and Ethics, approved by the Opera's Board of Directors, and to sign an annual statement acknowledging their understanding of this Code. Form 990, Part VI, Line 15a Process to establish compensation of top management official The process of determining compensation of the organization's General Director included the following: The General Director was hired in April 2011 with a 5 year contract, through June 30, 2016. The Compensation Committee, comprised of seven independent Board members and two ex-officio members, was charged under their charter with the responsibility to review and establish objectives relevant to the General Director's compensation, evaluate the General Director's performance in light of those objectives, and recommend to the Executive Committee the General Director's compensation level based on this evaluation. In 2016, the General Director (now called the General Director, President and Chief Executive Officer) was offered a new five-year contract, starting July 1, 2016 through June 30, 2021. On June 28, 2021, the Compensation Committee renewed the General Director, President, and CEO contract for an additional 5 year term ending June 30, 2026. The base salary offered in the new contract was benchmarked against comparable opera and performing arts companies and again approved by the Compensation Committee of the Board of Directors. Form 990, Part VI, Line 15b Process to establish compensation of other employees The process of determining compensation of other officers or key employees (anyone earning more than $150,000) included the following: 1) The Compensation Committee, made up of six independent Board members and one ex-officio member, reviewed the fiscal 2024 compensation arrangements in May 2023. This process is done annually. 2) Lyric salary bands are determined in consultation with an independent consultant on a periodic basis who, leveraging comparability data and benchmark comparisons from peer industry organizations based on size of revenue and operating budget as well as scope of management responsibility, sets salary bands for each of Lyric's eight staff job levels. 3) Salaries for all highly compensated employees with salaries over $150,000 per year must fall within their respective salary bands. 4) Recommendations, as well as any deliberation, were documented in the Compensation Committee minutes. A report to the Board with respect to compensation recommendation was reflected in the Board meeting minutes. Form 990, Part VI, Line 19 Required documents available to the public Lyric Opera of Chicago posts audited financial statements and most recent Form 990 on its website. Governing documents and conflicts of interest policy are not required disclosures pursuant to IRC Sec. 6104. These documents are not available to the public at this time. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue COAT CHECK REVENUE - Total Revenue: 16260, Related or Exempt Function Revenue: , Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 16260; RENTAL SPACE - Total Revenue: 2827, Related or Exempt Function Revenue: , Unrelated Business Revenue: 2827, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN SEVERANCE PLANS' VALUATION - 43780; UNREALIZED GAIN - INTEREST RATE SWAP CONTRACT - 658396; UNCOLLECTIBLE DEBT - -2293875; FORM 990, PART VII, Section A Non-US Sourced income Enrique Mazzola received non-U.S. sourced income during the calendar year 2023. This income is not subject to U.S. tax reporting requirements and is not included in the compensation reported in Part VII, Section A of Form 990.