2017-05-15T14:09:18-05:00 2016-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-07-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Drive 860 Chicago IL 60606 Roberta Lane Asst Treasurer/CFO 2017-01-10 true Nicole Bencik P00756195 3128997000 2015 2021-01-29 14:40:06Z Freud Anthony 20 N Wacker Drive Chicago IL 60606 107829064 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. 102 94 1128 1156 832809 320368 54197015 37791521 27051784 28111374 2806093 2268083 1371047 2054025 85425939 70225003 995789 1174989 0 46513169 46523446 289611 163965 5058375 32368063 34407349 80166632 82269749 5259307 -12044746 330113593 312282100 97676642 102036090 232436951 210246010 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 65938193 1174989 28045553 DURING THE FISCAL YEAR, 64 OPERA PERFORMANCES, 26 PERFORMANCES OF ONE MUSICAL, AND 6 CONCERTS/RECITALS REHEARSALS WERE PRODUCED BY LYRIC OPERA OF CHICAGO. THESE PERFORMANCES WERE ATTENDED BY APPROXIMATELY 262,400 PEOPLE. 1598454 52692 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. MORE THAN 500 YOUTH AND ADULT PROGRAMS WERE HELD THROUGHOUT THE YEAR. MOST OF THESE ACTIVITIES TOOK PLACE AT VARIOUS LOCATIONS THROUGHOUT THE CHICAGOLAND AREA. ATTENDANCE FOR THESE EDUCATIONAL ACTIVITIES TOTALED APPROXIMATELY 94,400. PLEASE NOTE, AS REQUIRED BY THE INSTRUCTIONS, THE REVENUE DISCLOSED HERE DOES NOT INCLUDE CONTRIBUTED REVENUE FOR THESE PROGRAMS. 506510 88292 PRESENTATION AND EVENTS HELD IN THE FACILITY DURING THE FISCAL YEAR WAS COMPRISED OF 43 EVENTS WITH TOTAL ATTENDANCE OF APPROXIMATELY 42,000 PEOPLE. 68043157 true true false false false false false false true true true true false false true true false true false false true false false true true false false true false true true false false false false false false false true false true true false false false false false false false false true 319 0 true 1128 true true true false false false false true true false false false false X 102 94 true false true false true true false true true false true true false true true true true true false true false IL CA NY X Roberta Lane 3123322244 20 N Wacker Drive No 860 Chicago IL 60606 David T Ormesher President & CEO 6.0 X X 0 0 0 Richard P Kiphart Chairman 3.0 X X 0 0 0 Lester Crown Exec Cmte Chair 1.0 X X 0 0 0 Sir Andrew Davis Vice-President 1.0 X X 0 0 0 William C Vance Vice-President 1.0 X X 0 0 0 Shirley Welsh Ryan Vice-President 2.0 X X 0 0 0 Renee Fleming Vice-President 1.0 X X 0 0 0 James L Alexander Vice-President 3.0 X X 0 0 0 Paul J Carbone Treasurer 3.0 X X 0 0 0 Donna Van Eekeren Secretary 2.0 X X 0 0 0 Anthony Freud General Director 40.0 X X 728580 0 52574 Katherine A Abelson Trustee 1.0 X 0 0 0 MD Whitney Addington Trustee 1.0 X 0 0 0 John P Amboian Trustee 1.0 X 0 0 0 Paul F Anderson Trustee 1.0 X 0 0 0 Larry A Barden Trustee 1.0 X 0 0 0 Julie Baskes Trustee 2.0 X 0 0 0 James N Bay Jr Trustee 1.0 X 0 0 0 Melvin Berlin Trustee 1.0 X 0 0 0 Gilda Buchbinder Trustee 1.0 X 0 0 0 Allan E Bulley III Trustee 1.0 X 0 0 0 Marion A Cameron Trustee 2.0 X 0 0 0 David W Carpenter Trustee 1.0 X 0 0 0 Timothy L Christen Trustee 1.0 X 0 0 0 Richard W Colburn Trustee 1.0 X 0 0 0 Michael P Cole Trustee 1.0 X 0 0 0 Vinay Couto Trustee 1.0 X 0 0 0 John V Crowe Trustee 1.0 X 0 0 0 Marsha Cruzan Trustee 1.0 X 0 0 0 Gerald Dorros Trustee 1.0 X 0 0 0 Alexandra Dousmanis-Curtis Trustee 1.0 X 0 0 0 Ann Drake Trustee 1.0 X 0 0 0 John D Edelman Trustee 1.0 X 0 0 0 Stefan T Edlis Trustee 1.0 X 0 0 0 Lois Eisen Trustee 1.0 X 0 0 0 W James Farrell Trustee 1.0 X 0 0 0 Mark E Ferguson Trustee 1.0 X 0 0 0 Michael W Ferro Jr Trustee 1.0 X 0 0 0 Rick Fezell Trustee/Partial Year to 3.10.2016 1.0 X 0 0 0 Russell W Fisher Trustee/Partial Year to 9.11.2015 1.0 X 0 0 0 Sonia Florian Trustee 1.0 X 0 0 0 Michael T Foley Trustee 1.0 X 0 0 0 Ronald J Gidwitz Trustee 2.0 X 0 0 0 Ruth Ann M Gillis Trustee 2.0 X 0 0 0 Brent W Gledhill Trustee 2.0 X 0 0 0 Ethel C Gofen Trustee 1.0 X 0 0 0 Howard L Gottlieb Trustee 2.0 X 0 0 0 Melvin Gray Trustee 1.0 X 0 0 0 Maria C Green Trustee 1.0 X 0 0 0 Dietrich M Gross Trustee 1.0 X 0 0 0 Mary Pat Hay Trustee 1.0 X 0 0 0 Carrie J Hightman Trustee 1.0 X 0 0 0 Elliot E Hirsch Trustee 1.0 X 0 0 0 Eric L Hirschfield Trustee 1.0 X 0 0 0 J Thomas Hurvis Trustee 2.0 X 0 0 0 Gregory K Jones Trustee 1.0 X 0 0 0 Kip Kelley II Trustee 1.0 X 0 0 0 Nancy W Knowles Trustee 1.0 X 0 0 0 Josef Lakonishok Trustee 2.0 X 0 0 0 Richard A Levy Trustee 1.0 X 0 0 0 James W Mabie Trustee 2.0 X 0 0 0 Craig C Martin Trustee 1.0 X 0 0 0 Robert J McCullen Trustee 1.0 X 0 0 0 Blythe J McGarvie Trustee 1.0 X 0 0 0 Andrew J McKenna Trustee 1.0 X 0 0 0 Frank B Modruson Trustee 2.0 X 0 0 0 Robert S Morrison Trustee 1.0 X 0 0 0 Allan B Muchin Trustee 2.0 X 0 0 0 Linda K Myers Trustee 1.0 X 0 0 0 Jeffrey C Neal Trustee 1.0 X 0 0 0 Sylvia Neil Trustee 2.0 X 0 0 0 Ken R Norgan Trustee 1.0 X 0 0 0 Sharon F Oberlander Trustee 2.0 X 0 0 0 John W Oleniczak Trustee 2.0 X 0 0 0 Olufummilayo Olopade Trustee 1.0 X 0 0 0 William A Osborn Trustee 1.0 X 0 0 0 Matthew J Parr Trustee 1.0 X 0 0 0 Jane DiRenzo Pigott Trustee 1.0 X 0 0 0 Don M Randel Trustee 1.0 X 0 0 0 J Christopher Reyes Trustee 1.0 X 0 0 0 Anne N Reyes Trustee 1.0 X 0 0 0 Thomas A Reynolds III Trustee 1.0 X 0 0 0 Collin E Roche Trustee 1.0 X 0 0 0 Ricardo Rosenkranz Trustee 1.0 X 0 0 0 Edward B Rouse Trustee 2.0 X 0 0 0 Joseph O Rubinelli Jr Trustee 1.0 X 0 0 0 Claudia M Saran Trustee 1.0 X 0 0 0 Rodd M Schreiber Trustee 1.0 X 0 0 0 Jana R Schreuder Trustee 1.0 X 0 0 0 Marsha Serlin Trustee 2.0 X 0 0 0 Brenda M Shapiro Trustee 2.0 X 0 0 0 Eric S Smith Trustee 2.0 X 0 0 0 Sarah Billinghurst Solomon Trustee 1.0 X 0 0 0 Pam Szokol Trustee 1.0 X 0 0 0 Franco Tedeschi Trustee 1.0 X 0 0 0 Mark A Thierer Trustee 1.0 X 0 0 0 Cheryl T Thomas Trustee 1.0 X 0 0 0 Mark A Wagner Trustee 1.0 X 0 0 0 Roberta L Washlow Trustee 1.0 X 0 0 0 Miles D White Trustee 1.0 X 0 0 0 Matthew Fisher Trustee 1.0 X 0 0 0 Amelie Negrier-Oyarzabal Trustee 1.0 X 0 0 0 Jose Luis Prado Trustee 1.0 X 0 0 0 Kristine Garrett Trustee 1.0 X 0 0 0 Drew Landmesser Deputy General Director 40.0 X 390466 0 46345 Mary L Selander Asst Secretary, Director of Development 40.0 X 321935 0 61245 Roberta Lane Asst Treasurer, CFO 40.0 X 241223 0 10768 Michael C Reynolds Master Electrician 40.0 X 208945 0 60755 Jr William Reilly Master Carpenter 40.0 X 205759 0 59652 Michael Barker Head Flyman 40.0 X 184778 0 54291 Paul Christopher Head A/V Technician 40.0 X 191316 0 56349 Lisa Middleton Director of Marketing 40.0 X 209309 0 41498 R Brent Fisher Former Assistant Treasurer 40.0 X 221194 0 53423 2903505 0 496900 83 true true true ALLIED INTEGRATED MARKETING 55 Cambridge Parkway Suite 200 Cambridge MA 02142 ADVERTISING AGENCY 1589631 CALIHAN CATERING 833 W HAINES CHICAGO IL 60622 CATERING 1088946 SIRAD INC 215 W WASHINGTON ST CHICAGO IL 60606 CONDUCTOR/MUSIC DIR 1040524 BLUETUBE INTERACTIVE 1123 Zonolite Road Suite 22 Atlanta GA 30306 WEBSITE DESIGN 879066 IMG ARTISTS LLC 152 West 57th Street 5th Floor New York NY 10019 CREATIVE TALENT AGENCY 820911 21 X 2855051 144332 34792138 2670533 37791521 Ticket Sales 711190 26800672 26800672 Ticket Hndlg/Exchg Fees 711190 711180 711180 Production Rentals/Co-production Income 711190 344410 344410 Education Activities 711190 52692 52692 202420 202420 0 0 28111374 2385102 392397 1992705 0 0 35463667 622 35561450 19858 -97783 -19236 -117019 -19236 -97783 1205143 2855051 1794794 -589651 -589651 1208587 227959 980628 6107 44502 930019 Dining Spaces 900099 867039 867039 Facilities Events Fees 900099 88292 88292 Party Reception Income 900099 551096 360987 190109 156621 0 34923 121698 1663048 70225003 28186537 832809 3414136 X 1174989 1174989 1961082 431299 756342 773441 17060 17060 33751528 29069741 2936126 1745661 2974651 2643470 197071 134110 4622803 4109691 299119 213993 3196322 2747029 285833 163460 263223 163950 99273 73090 73090 163965 163965 820652 810474 10178 9403299 9058707 323830 20762 2639262 2549048 17155 73059 1807803 1173461 395803 238539 654304 85190 569114 733639 733639 2304686 1746225 492981 65480 813707 561365 148884 103458 27559 6155 9122 12282 2163995 1643686 510061 10248 3869030 3322708 546322 705058 471252 232319 1487 Other - Production Costs 4634219 4634219 Other - Charge Card Fees 603661 546126 57535 Other - Catering 1140293 510654 42916 586723 Other - Purchases/Rentals 214341 188512 875 24954 1535528 454981 421507 659040 82269749 68043157 9168217 5058375 798010 2857039 3457150 999126 73913969 65989064 1008865 1795079 0 0 16448 93408 4889806 4735303 108491222 60512091 47940638 47979131 75622826 76525371 122424881 111266279 0 41000 42300 330113593 312282100 7704129 8999275 13157034 13152379 65700000 65700000 159532 87805 10955947 14096631 97676642 102036090 X 102772337 83340245 104089835 99691401 25574779 27214364 232436951 210246010 330113593 312282100 X -12044746 -6676963 -3469232 X false true X true false X 31898109 17901844 54895389 54197015 37985524 196877881 0 0 31898109 17901844 54895389 54197015 37985524 196877881 6811756 190066125 2393307 523961 2304895 2074070 2207420 9503653 0 2622341 560121 3170265 4593352 3331011 14277090 220658624 113089288 0.8614 0.8483 X Schedule A, Part I, Line 11h(v) Support Schedule In 2013 Lyric Opera changed its fiscal year end from April 30 to June 30. The Support Schedule periods for Part II are: 2012 (5/1/12-4/30/13), 2012 (5/1/13-6/30/13, short year), 2013 (7/1/13-6/30/14), 2014 (7/1/14-6/30/15) and 2015 (7/1/15 - 6/30/16). Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING EVENTS, COLUMN A - 921545.0, COLUMN B - 245217.0, COLUMN C - 1075797.0, COLUMN D - 2698475.0, COLUMN E - 1205143.0, COLUMN F - 6146177.0; DESCRIPTION - GAMING EVENTS, COLUMN A - 23600.0, COLUMN B - , COLUMN C - 17400.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 41000.0; DESCRIPTION - INVENTORY SALES, COLUMN A - 622905.0, COLUMN B - 187112.0, COLUMN C - 946674.0, COLUMN D - 952713.0, COLUMN E - 1137128.0, COLUMN F - 3846532.0; DESCRIPTION - DINING SPACES, COLUMN A - 858644.0, COLUMN B - 81172.0, COLUMN C - 1001275.0, COLUMN D - 885907.0, COLUMN E - 867039.0, COLUMN F - 3694037.0; DESCRIPTION - OTHER, COLUMN A - 195647.0, COLUMN B - 46620.0, COLUMN C - 129119.0, COLUMN D - 56257.0, COLUMN E - 121701.0, COLUMN F - 549344.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 39873 39873 0 false 49178387 1639585 -961141 2191886 169058 47495887 49589868 237861 1437419 1843533 243228 49178387 43529952 717107 7494297 1896590 254898 49589868 42338710 1896279 -316688 352893 35456 43529952 39896727 10000 4707217 2076056 199178 42338710 0.0 0.57 0.43 true false 696577 696577 89751496 52963296 36788200 15695529 5982668 9712861 2347620 1566127 781493 47979131 Hedged Equities- Non-Publicly 25165599 F Absolute Return- Non-Publicly Trad 35939130 F Equities- Non-Publicly Traded 39179815 F Real Assets- Non-Publicly Traded 6780806 F Assets Held in Trust 4200929 F 111266279 Annuities Payable 811315 Interest Rate Swap Contract 13285316 14096631 X Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement Lyric Opera acts as custodian of all assets and paymaster for payments for the Ryan Opera Center, to facilitate better controls and cost effectiveness. 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 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 returns 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 would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. However, the Opera has no amounts accrued for interest or penalties as of June 30, 2016 and 2015. There are no on-going federal, state or local tax audits. Europe (Including Iceland and Greenland) 0 0 ,Management & Gen'l - Information Technology Costs NA 669 North America (Canada & Mexico only) 0 0 Program Services ARTISTIC/PRODUCTION COSTS 47425 East Asia and the Pacific 0 0 Program Services ARTISTIC/PRODUCTION COSTS 61834 Russia and Neighboring States 0 0 Program Services ARTISTIC/PRODUCTION COSTS 1245 Central America and the Caribbean 0 0 Investments NA 51963170 East Asia and the Pacific 0 0 ,Management & General - misc. NA 43 North America (Canada & Mexico only) 0 0 Program Services Marketing consulting 258869 Europe (Including Iceland and Greenland) 0 0 Fundraising NA 234111 South America 0 0 Fundraising NA 8651 Europe (Including Iceland and Greenland) 0 0 Program Services Marketing 2817 Europe (Including Iceland and Greenland) 0 0 Program Services Artistic/Production Costs 1630940 North America (Canada & Mexico only) 0 0 Fundraising NA 2895 Europe (Including Iceland and Greenland) 0 0 ,Management & Gen'l - Travel NA 35916 North America (Canada & Mexico only) 0 0 ,Management & Gen'l - Travel NA 3459 North America (Canada & Mexico only) 0 0 ,Management & Gen'l - Information Technology costs NA 136743 0 0 0 0 0 0 54388787 0 54388787 true false true true true false Schedule F, Part I, Line 3 TO ENCOURAGE BOARD AND SPONSORSHIP DEVELOPMENT, LYRIC OPERA SPONSORS AN ANNUAL EVENT FOR CERTAIN BOARD MEMBERS TO PARTICIPATE IN OPERATIC AND CULTURAL EVENTS IN A FOREIGN LOCALE. EXPENSES FOR LODGING, MEALS, AND EVENTS ARE PAID BY LYRIC AND REIMBURSED BY THE ATTENDING BOARD MEMBERS. X X X X X X X true Taylar Development PO Box 3343 Dubuque IA 520043343 Telemarketing false 381723 163965 217758 381723 163965 217758 IL NY Opening Night/Opera Ball 1071218 946268 124950 30832 107680 18114 168454 Radio Marathon 597755 508315 89440 2121 168621 24 2391218 1400465 990753 66927 435965 40216 755864 4060191 2855048 1205143 99880 543645 58330 1092939 1794794 -589651 Schedule G, Part II Line 11 Net Income Part II: 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. $2.9 million of charitable contributions were collected (Schedule G, Part II, line 2) for a true net income of $2.3 million collected at these events. true Patrick G & Shirley W Ryan Opera Center 20 N Wacker Drive Chicago IL 60606 362796630 501(c)(3) 1174989 OPERA SCHOOL 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. All Ryan Opera Center expenses are paid through Lyric Opera of Chicago. Procedures are in place to monitor expenses to ensure they are used for purposes consistent with Lyric's mission. X X true true X X X X false true false false false false false false false Anthony Freud General Director 667667 0 0 0 60913 0 36043 0 16531 0 781154 0 0 0 Drew Landmesser Deputy General Director 305561 0 0 0 84905 0 35000 0 11345 0 436811 0 0 0 Mary L Selander Asst Secretary, Director of Development 307546 0 0 0 14389 0 43107 0 18138 0 383180 0 0 0 Roberta Lane Asst Treasurer, CFO 241223 0 0 0 0 0 0 0 10768 0 251991 0 0 0 Michael C Reynolds Master Electrician 208945 0 0 0 0 0 30924 0 29831 0 269700 0 0 0 Jr William Reilly Master Carpenter 205759 0 0 0 0 0 30371 0 29281 0 265411 0 0 0 Michael Barker Head Flyman 184778 0 0 0 0 0 27645 0 26646 0 239069 0 0 0 Paul Christopher Head A/V Technician 191316 0 0 0 0 0 28674 0 27675 0 247665 0 0 0 Lisa Middleton Director of Marketing 209309 0 0 0 0 0 17345 0 24153 0 250807 0 0 0 R Brent Fisher Former Assistant Treasurer 201486 0 0 0 19708 0 44867 0 8556 0 274617 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. Both the General Director and the Director of Development, along with their spouses, attend and are an integral daily part of this event. None of the costs are taxed to the employees, as the trip is for bona fide business purposes for Lyric Opera. Schedule J, Part I, Line 1a Health or social club dues or initiation fees In accordance with the terms of his contract when hired, Lyric Opera reimburses Mr. Freud for his health club dues, which are a taxable benefit. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following members of management were participants in the a Section 457 Management Deferred Compensation Plan and received company paid contributions in 2015, as follows: Anthony Freud - $18,000 Drew Landmesser - $18,000 Mary L Selander - $14,389 R. Brent Fisher - $18,000 A Illinois Finance Authority 861091967 noneavail 2008-08-18 3500000 Purchase, construct & equip ad false false false A 3500000 6382 70000 3423618 2009 false false true true A false false false false 0.0001 0.0001 false false true A false false true false false false false false true A true Schedule K, Part IV, Line 2b Rebate Exception Lyric Opera met the 18 month spending exception. A DAVIS-MUSIC DIRCONDUCT TRUSTEE - BUSINESS RELATIONSHIP 915320 CONTRACTED CONSULTANT false J SCHREUDER-COONORTHERN TRUSTEE - BUSINESS RELATIONSHIP 146546 NORTHERN TRUST-NORMAL COURSE OF BUSINESS false E SMITH-MG DIR CHASE INVST TRUSTEE - BUSINESS RELATIONSHIP 381429 CHASE-NORMAL COURSE OF BUSINESS false M CRUZAN - CHGO MKT PRESUS BANK TRUSTEE - BUSINESS RELATIONSHIP 4290058 US BANK/PURCHASING CARD - NORMAL COURSE OF BUSINESS false A DOUSMANIS-CURTIS - GRP HEAD US BANKINGBMO HARRIS TRUSTEE - BUSINESS RELATIONSHIP 135424 BMO HARRIS - NORMAL COURSE OF BUSINESS false M FERRO - CHAIRMAN TRONC INC (CHICAGO TRIBUNE) TRUSTEE - BUSINESS RELATIONSHIP 355435 CHICAGO TRIBUNE - NORMAL COURSE OF BUSINESS false M FOLEY - CEO NORTH AMERICAZURICH INSURANCE TRUSTEE - BUSINESS RELATIONSHIP 647771 ZURICH INSURANCE - NORMAL COURSE OF BUSINESS false A FREUD - CEOPRESIDENTLYRIC OPERA OF CHICAGO TRUSTEE/OFFICER - FAMILY MEMBER 17060 C URE - NORMAL COURSE OF BUSINESS false X 110 2667466 Market value X Scores/DVDs 3 890 Other - Donor Estimate X Costume material 1 1000 Other - Donor Estimate X Refreshments 2 1077 Other - Donor Estimate X Supplies 1 100 Other - Donor Estimate 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Stock donations received Other - Scores/DVDs Number of contributions Other - Costume material Number of contributions Other - Refreshments Number of contributions Other - Supplies Number of contributions Form 990, Part V, Line 1a NUMBER REPORTED IN BOX 3 OF FORM 1096 LYRIC OPERA PROVIDES ADMINISTRATIVE SERVICES AND MAINTAINS THE BOOKS AND RECORDS OF THE RYAN OPERA CENTER. ALL VENDORS, INCLUDING INDEPENDENT CONTRACTORS, FOR BOTH LYRIC OPERA AND THE RYAN OPERA CENTER ARE PAID THROUGH LYRIC OPERA OF CHICAGO. Form 990, Part VI, Line 15a Process used 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 TEN MEMBERS OF THE BOARD OF DIRECTORS WHO ARE DEEMED INDEPENDENT, WAS CHARGED UNDER THEIR CHARTER WITH THE RESPONSIBILITY TO REVIEW AND ESTABLISH OBJECTIVES RELEVANT TO THE GENERAL DIRECTORS' 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. 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 may 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 MICHAEL W. FERRO JR., W. JAMES FARRELL, ANDREW J. MCKENNA, J. CHRISTOPHER REYES, LESTER CROWN AND MILES D. WHITE - Business relationship, J. Christopher Reyes And Anne N Reyes - Family relationship, Russell Fisher AND Matthew Fisher - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents By-laws amended 2/16/17 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 from May 1 of any calendar year through June 30 of the same calendar year shall become a Member for the 12-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 Schedules are prepared and reviewed by Lyric staff. A review is then performed by our Tax Advisor. The Tax Advisor oversees the discussion and review of the Form 990 with members of the Lyric Opera Audit Committee, along with appropriate Lyric staff. The entire Form 990 and Form 990-T package is sent along with a summary memo, via e-mail, to all Members of the Lyric Opera of Chicago Audit Committee prior to filing electronically 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 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 nine independent board members, reviewed the fiscal 2016 compensation arrangements on June 25, 2015. This process is done annually. 2) Comparability data included benchmark comparisons from peer industry organizations based on size of revenue and operating budget as well as scope of management responsibility. Compensation surveys sponsored by professional/trade organizations were also reviewed. 3) 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 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 2f Other Program Service Revenue Miscellaneous - Total Revenue: 202420, Related or Exempt Function Revenue: 202420, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Advertising Income - Total Revenue: 32513, Related or Exempt Function Revenue: , Unrelated Business Revenue: 32513, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Space Rental - Total Revenue: 2410, Related or Exempt Function Revenue: , Unrelated Business Revenue: 2410, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Coat Check Revenue - Total Revenue: 26158, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 26158; Prior Year Accrual Adjustments - Total Revenue: 95540, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 95540; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees Artists/Singers - Total Expense: 4774909, Program Service Expense: 4774909, Management and General Expenses: , Fundraising Expenses: ; Artistic Consultants - Total Expense: 1141585, Program Service Expense: 1141585, Management and General Expenses: , Fundraising Expenses: ; Conductors - Total Expense: 1012863, Program Service Expense: 1012863, Management and General Expenses: , Fundraising Expenses: ; Stage Directors/Choreographers - Total Expense: 592673, Program Service Expense: 592673, Management and General Expenses: , Fundraising Expenses: ; Production Designers - Total Expense: 599127, Program Service Expense: 599127, Management and General Expenses: , Fundraising Expenses: ; Marketing Consultants - Total Expense: 320645, Program Service Expense: 320645, Management and General Expenses: , Fundraising Expenses: ; Music Commissions - Total Expense: 259910, Program Service Expense: 259910, Management and General Expenses: , Fundraising Expenses: ; Software Consultants - Total Expense: 250049, Program Service Expense: , Management and General Expenses: 250049, Fundraising Expenses: ; Community Engagement Consultants - Total Expense: 77000, Program Service Expense: 77000, Management and General Expenses: , Fundraising Expenses: ; Other Various IC's - Total Expense: 374538, Program Service Expense: 279995, Management and General Expenses: 73781, Fundraising Expenses: 20762; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN SEVERANCE PLANS' VALUATION - -245104; UNREALIZED LOSS - INTEREST RATE SWAP CONTRACT - -3264001; RYAN OPERA CENTER SUPPORT FROM CONSOLIDATED STATEMENTS - 39873;