2016-05-13T18:01:44-05:00 2015-06-30 990 2014-07-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Drive Chicago IL 60606 Roberta Lane Asst Treasurer/CFO 2016-05-10 2014 2016-08-17 19:52:53Z Freud Anthony 20 N Wacker Drive Chicago IL 60606 137078064 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. 105 99 999 350 844698 0 54895389 54197015 29793368 27051784 3940068 2806093 1903941 1371047 90532766 85425939 1076914 995789 0 0 42847475 46513169 5234 289611 5217848 31856525 32368063 75786148 80166632 14746618 5259307 321775795 330113593 97084176 97676642 224691619 232436951 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 64258751 995789 25710109 DURING THE FISCAL YEAR, 69 OPERA PERFORMANCES, 26 PERFORMANCES OF ONE MUSICAL, 2 CONCERTS AND 8 FINAL DRESS REHEARSALS WERE PRODUCED BY LYRIC OPERA OF CHICAGO. THESE PERFORMANCES WERE ATTENDED BY APPROXIMATELY 268,400 PEOPLE. 3059944 0 862285 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 900 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 126,200. PLEASE NOTE, AS REQUIRED BY THE INSTRUCTIONS, THE REVENUE DISCLOSED HERE DOES NOT INCLUDE CONTRIBUTED REVENUE FOR THESE PROGRAMS. 422181 0 518539 PRESENTATION AND EVENTS HELD IN THE FACILITY DURING THE FISCAL YEAR WAS COMPRISED OF 29 EVENTS WITH TOTAL ATTENDANCE OF APPROXIMATELY 16,400 PEOPLE. 67740876 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 351 2 true 999 true true true false false false false true true false false false false X 105 99 true false false false true true false true true false true true false true true true true true false true false IL NY CA X Roberta Lane 3123322244 20 N Wacker Drive No 860 Chicago IL 60606 Richard P Kiphart Chairman, Interim President/CEO 3.00 X X 0 0 0 David T Ormesher President & CEO, partial year from April 15, 2015 6.00 X X 0 0 0 Kenneth G Pigott President & CEO, partial year to Feb 13, 2015 6.00 X X 0 0 0 Lester Crown Exec Cmte Chair 1.00 X X 0 0 0 James L Alexander Vice-President 3.00 X X 0 0 0 Renee Fleming Vice-President 1.00 X X 0 0 0 Sir Andrew Davis Vice-President 1.00 X X 0 0 0 Shirley Welsh Ryan Vice-President 2.00 X X 0 0 0 William C Vance Vice-President 1.00 X X 0 0 0 Paul J Carbone Treasurer 3.00 X X 0 0 0 Donna Van Eekeren Secretary 2.00 X X 0 0 0 Anthony Freud General Director 40.00 X X 619686 0 53980 Katherine A Abelson Trustee 1.00 X 0 0 0 MD Whitney Addington Trustee 1.00 X 0 0 0 John P Amboian Trustee 1.00 X 0 0 0 Paul F Anderson Trustee 1.00 X 0 0 0 Larry A Barden Trustee 1.00 X 0 0 0 Julie Baskes Trustee 2.00 X 0 0 0 Melvin Berlin Trustee 1.00 X 0 0 0 James N Bay Jr Trustee 1.00 X 0 0 0 Gilda Buchbinder Trustee 1.00 X 0 0 0 Allan E Bulley III Trustee 1.00 X 0 0 0 Marion A Cameron Trustee 2.00 X 0 0 0 David W Carpenter Trustee 1.00 X 0 0 0 Timothy L Christen Trustee 1.00 X 0 0 0 Richard W Colburn Trustee 1.00 X 0 0 0 Michael P Cole Trustee 1.00 X 0 0 0 Vinay Couto Trustee 1.00 X 0 0 0 John V Crowe Trustee 1.00 X 0 0 0 Marsha Cruzan Trustee 1.00 X 0 0 0 Derek DeCross Trustee 1.00 X 0 0 0 Ann Drake Trustee 1.00 X 0 0 0 John D Edelman Trustee 1.00 X 0 0 0 Stefan T Edlis Trustee 1.00 X 0 0 0 Sheri A Eichelberger Trustee 1.00 X 0 0 0 Lois Eisen Trustee 1.00 X 0 0 0 W James Farrell Trustee 1.00 X 0 0 0 Mark E Ferguson Trustee 1.00 X 0 0 0 Michael W Ferro Jr Trustee 1.00 X 0 0 0 Russell W Fisher Trustee 1.00 X 0 0 0 Sonia Florian Trustee 1.00 X 0 0 0 Ronald J Gidwitz Trustee 2.00 X 0 0 0 Ruth Ann M Gillis Trustee 2.00 X 0 0 0 Brent W Gledhill Trustee 2.00 X 0 0 0 Ethel C Gofen Trustee 1.00 X 0 0 0 Howard L Gottlieb Trustee 2.00 X 0 0 0 Avrum Gray Trustee 1.00 X 0 0 0 Melvin Gray Trustee 1.00 X 0 0 0 Dietrich M Gross Trustee 1.00 X 0 0 0 Maria C Green Trustee 1.00 X 0 0 0 Mary Pat Hay Trustee 1.00 X 0 0 0 Thomas C Heagy Trustee 1.00 X 0 0 0 Eric L Hirschfield Trustee 1.00 X 0 0 0 Carrie J Hightman Trustee 1.00 X 0 0 0 J Thomas Hurvis Trustee 2.00 X 0 0 0 Gregory K Jones Trustee 1.00 X 0 0 0 John W Jordan II Trustee 1.00 X 0 0 0 Nancy W Knowles Trustee 1.00 X 0 0 0 Josef Lakonishok Trustee 2.00 X 0 0 0 Richard A Levy Trustee 1.00 X 0 0 0 Robert A Livingston Trustee 1.00 X 0 0 0 James W Mabie Trustee 2.00 X 0 0 0 Craig C Martin Trustee 1.00 X 0 0 0 Maura Ann McBreen Trustee 2.00 X 0 0 0 Robert J McCullen Trustee 1.00 X 0 0 0 Blythe J McGarvie Trustee 1.00 X 0 0 0 Robert S Morrison Trustee 1.00 X 0 0 0 Andrew J McKenna Trustee 1.00 X 0 0 0 Frank B Modruson Trustee 2.00 X 0 0 0 Allan B Muchin Trustee 2.00 X 0 0 0 Linda K Myers Trustee 1.00 X 0 0 0 Jeffrey C Neal Trustee 1.00 X 0 0 0 Sylvia Neil Trustee 2.00 X 0 0 0 Ken R Norgan Trustee 1.00 X 0 0 0 Sharon F Oberlander Trustee 2.00 X 0 0 0 John W Oleniczak Trustee 2.00 X 0 0 0 Olufummilayo Olopade Trustee 1.00 X 0 0 0 William A Osborn Trustee 1.00 X 0 0 0 Matthew J Parr Trustee 1.00 X 0 0 0 Don M Randel Trustee 1.00 X 0 0 0 J Christopher Reyes Trustee 1.00 X 0 0 0 Thomas A Reynolds III Trustee 1.00 X 0 0 0 Collin E Roche Trustee 1.00 X 0 0 0 Ricardo Rosenkranz Trustee 1.00 X 0 0 0 Edward B Rouse Trustee 2.00 X 0 0 0 Joseph O Rubinelli Jr Trustee 1.00 X 0 0 0 John F Sandner Trustee 1.00 X 0 0 0 Claudia M Saran Trustee 1.00 X 0 0 0 Rodd M Schrieber Trustee 1.00 X 0 0 0 Jana R Schreuder Trustee 1.00 X 0 0 0 Marsha Serlin Trustee 2.00 X 0 0 0 Brenda M Shapiro Trustee 2.00 X 0 0 0 Eric S Smith Trustee 2.00 X 0 0 0 Pam Szokol Trustee 1.00 X 0 0 0 Mark A Thierer Trustee 1.00 X 0 0 0 Miles D White Trustee 1.00 X 0 0 0 Cheryl T Thomas Trustee 1.00 X 0 0 0 Mark A Wagner Trustee 1.00 X 0 0 0 Roberta L Washlow Trustee 1.00 X 0 0 0 Anne N Reyes Trustee 1.00 X 0 0 0 Franco Tedeschi Trustee 1.00 X 0 0 0 Rick Fezell Trustee 1.00 X 0 0 0 Alexandra Dousmanis-Curtis Trustee 1.00 X 0 0 0 Jane DiRenzo Pigott Trustee 1.00 X 0 0 0 Sarah Billinghurst Solomon Trustee 1.00 X 0 0 0 Kip Kelley II Trustee 1.00 X 0 0 0 Mary L Selander Asst Secretary 40.00 X 382221 0 42658 Drew Landmesser Deputy General Director 40.00 X 335721 0 56067 Roberta Lane Asst Treasurer, partial year from June 30, 2015 40.00 X 0 0 0 R Brent Fisher Asst Treasurer, partial year to June 30, 2015 40.00 X 203472 0 53577 Lisa Middleton Director of Marketing 40.00 X 198057 0 32538 Jr William Reilly Master Carpenter 40.00 X 223043 0 63959 Michael C Reynolds Master Electrician 40.00 X 223516 0 63571 Paul Christopher Head A/V Technician 40.00 X 195290 0 55574 Michael Barker Head Flyman 40.00 X 202080 0 57360 2583086 0 479284 88 false true true ALLIED LIVE LLC 55 Cambridge Parkway Suite 200 Cambridge MA 02142 ADVERTISING AGENCY 1117857 CALIHAN CATERING 833 W HAINES CHICAGO IL 60622 CATERING 989732 SIRAD INC 215 W WASHINGTON ST CHICAGO IL 60606 CONDUCTOR/MUSIC DIR 875159 JEWELL EVENTS CATERING 424 N WOOD ST CHICAGO IL 60022 CATERING 746803 IMG Artists LLC 152 West 57th Street 5th Floor New York NY 10019 CREATIVE TALENT AGENCY 617959 42 X 6805898 260431 47130686 4285934 54197015 Ticket Sales 711190 25880310 25880310 Ticket Hndlg/Exchg Fees 711190 462072 462072 Tour Income 711190 214229 214229 Production Rentals/Co-production Income 711190 218715 218715 Sale of Costumes 711190 130896 130896 145562 145562 0 0 27051784 2329203 383192 1946011 0 0 48225112 1200 47706639 42783 518473 -41583 476890 -41583 518473 2698475 6805898 3720475 -1022000 -1022000 0 0 1026343 182228 844115 2126 61403 780586 Dining Spaces 900099 885907 885907 Facilities Events Fees 900099 78606 78606 Party Reception Income 900099 489802 361743 128059 94617 0 38360 56257 1548932 85425939 27090933 844698 3293293 X 995789 995789 1805016 397617 613962 793437 34744658 30069368 2802706 1872584 3440244 3102212 214210 123822 3702834 3336386 199370 167078 2820417 2420005 237192 163220 83975 65353 18622 57300 57300 289611 289611 1060110 1051675 8435 8923316 8478264 410769 34283 2857938 2750363 12196 95379 1685434 1182648 232128 270658 566992 61983 505009 979262 979262 1869009 1620969 174917 73123 954817 698972 152729 103116 46082 6008 6484 33590 2071001 2024324 35118 11559 3509011 3404643 104368 603381 407167 194649 1565 Other - Production Costs 4057582 4057582 Other - Purchases/Rentals 350695 311968 5533 33194 Other - Charge Card Fees 550754 469741 83 80930 Other - Catering 1142835 471073 47669 624093 998569 429179 131219 438171 80166632 67740876 7207908 5217848 X 702796 798010 576320 3457150 59360273 73913969 1133021 1008865 0 0 0 12172 16448 3926127 4889806 105810384 57869746 47882230 47940638 84931931 75622826 123208925 122424881 0 42000 41000 321775795 330113593 7455325 7704129 13737636 13157034 65700000 65700000 0 159532 10191215 10955947 97084176 97676642 X 107952506 102772337 91402195 104089835 25336918 25574779 224691619 232436951 321775795 330113593 X 5259307 2616491 -130466 X false true X true false X 24818861 31898109 17901844 54895389 54197015 183711218 24818861 31898109 17901844 54895389 54197015 183711218 6888829 176822389 2330166 2393307 523961 2304895 2074070 9626399 4152800 2622341 560121 3170265 4593352 15098879 208436496 111074442 0.8483 0.8085 X Schedule A, Part II 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: 2011 (5/1/10-4/30/12), 2012 (5/1/12-4/30/13), 2012 (5/1/13-6/30/13, short year), 2013 (7/1/13-6/30/14). and 2014 (7/1/14-6/30/15). Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING EVENTS, COLUMN A - 2022326.0, COLUMN B - 921545.0, COLUMN C - 245217.0, COLUMN D - 1075797.0, COLUMN E - 2698475.0, COLUMN F - 6963360.0; DESCRIPTION - GAMING EVENTS, COLUMN A - 24447.0, COLUMN B - 23600.0, COLUMN C - , COLUMN D - 17400.0, COLUMN E - 0.0, COLUMN F - 65447.0; DESCRIPTION - INVENTORY SALES, COLUMN A - 1186246.0, COLUMN B - 622905.0, COLUMN C - 187112.0, COLUMN D - 946674.0, COLUMN E - 952713.0, COLUMN F - 3895650.0; DESCRIPTION - DINING SPACES, COLUMN A - 437754.0, COLUMN B - 858644.0, COLUMN C - 81172.0, COLUMN D - 1001275.0, COLUMN E - 885907.0, COLUMN F - 3264752.0; DESCRIPTION - OTHER, COLUMN A - 482027.0, COLUMN B - 195647.0, COLUMN C - 46620.0, COLUMN D - 129119.0, COLUMN E - 56257.0, COLUMN F - 909670.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 0 51277 51277 0 false 49589868 237861 1437419 1843533 243228 49178387 43529952 717107 7494297 1896590 254898 49589868 42338710 1896279 -316688 352893 35456 43529952 39896727 10000 4707217 2076056 199178 42338710 42428058 22511 -655904 1775870 122068 39896727 0.0 0.52 0.48 true false 696577 696577 89661783 50373600 39288183 0 0 13104404 6007077 7097327 2347620 1489069 858551 47940638 Hedged Equities- Non-Publicly 25230506 F Absolute Return- Non-Publicly Trad 36889525 F Equities- Non-Publicly Traded 41945437 F Real Assets- Non-Publicly Traded 13864444 F Assets Held in Trust 4494969 F 122424881 Annuities Payable 934632 Interest Rate Swap Contract 10021315 10955947 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, 2015 and 2014. There are no on-going federal, state or local tax audits, however, the Opera's tax returns for 2012 and subsequent years remain open to examination. Europe (Including Iceland and Greenland) Program Services ARTISTIC/PRODUCTION COSTS 4136304 North America (Canada & Mexico only) Program Services ARTISTIC/PRODUCTION COSTS 232362 East Asia and the Pacific Program Services ARTISTIC/PRODUCTION COSTS 91036 Russia and Neighboring States Program Services ARTISTIC/PRODUCTION COSTS 139884 Central America and the Caribbean Investments NA 56587282 East Asia and the Pacific ,Management & General - misc. NA 160 North America (Canada & Mexico only) ,Program Services Marketing consulting 236169 Europe (Including Iceland and Greenland) Fundraising NA 207136 0 0 0 0 0 0 61630333 0 61630333 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 Artsmarketing Services Inc 260 King St E Suite 500 Toronto Ontario CA M5A 4L5 Telemarketing false 162515 289611 -127096 162515 289611 -127096 IL NY 60th Anniversary Gala 3562408 3424356 138052 75259 167253 29508 329530 Wine Auction 3467327 2006179 1461148 103457 184506 1209 869315 10 2474638 1375363 1099275 50749 307601 37611 1564477 9504373 6805898 2698475 229465 659360 68328 2763322 3720475 -1022000 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. $6.8 million of charitable contributions were collected (Schedule G, Part II, line 2) for a true net income of $5.8 million collected at these events. Schedule G, Part I, Line 2b Column (iv), line 1 Not included in the revenue total are nearly $1.8 million in confirmed planned gifts generated by the calling campaign. These gifts are not recognized as revenue in accordance with generally accepted accounting principles. Also, additional prospects have been identified through the calling campaign. true Patrick G & Shirley W Ryan Opera Center 20 N Wacker Drive Chicago IL 60606 362796630 501(c)(3) 995789 opera school 1 0 Schedule I, Part I, Line 2 Description Of Procedure 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. 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 575217 0 0 0 44469 0 34889 0 19091 0 673666 0 0 0 Mary L Selander Asst Secretary 343258 0 0 0 38963 0 39135 0 3523 0 424879 0 0 0 Drew Landmesser Deputy General Director 281255 0 0 0 54466 0 44200 0 11867 0 391788 0 0 0 R Brent Fisher Asst Treasurer, partial year to June 30, 2015 189903 0 0 0 13569 0 44325 0 9252 0 257049 0 0 0 Lisa Middleton Director of Marketing 198057 0 0 0 0 0 13703 0 18835 0 230595 0 0 0 Jr William Reilly Master Carpenter 223043 0 0 0 0 0 42986 0 20973 0 287002 0 0 0 Michael C Reynolds Master Electrician 223516 0 0 0 0 0 42684 0 20887 0 287087 0 0 0 Paul Christopher Head A/V Technician 195290 0 0 0 0 0 37284 0 18290 0 250864 0 0 0 Michael Barker Head Flyman 202080 0 0 0 0 0 38575 0 18785 0 259440 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 2014, as follows: Anthony Freud - $17,500 Drew Landmesser - $17,500 Mary L Selander - $17,500 R. Brent Fisher - $13,569 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 883250 CONTRACTED CONSULTANT false R FLEMING-CONSULTSINGER TRUSTEE 179985 CONTRACTED CONSULTANT false R COLBURN- TRUSTEE WTTW TRUSTEE 208848 WTTW-NORMAL COURSE OF false J SCHREUDER-COONORTHERN TRUSTEE 317460 NORTHERNTR-NORM COURSE false E SMITH-MG DIR CHASE INVST TRUSTEE 232533 CHASE-NORMAL COURSE OF false X 102 3733020 Market value X Auction Items 156 545068 Other X Opera musical scores 3 706 Other X Operathon premiums 37 7140 Other 3 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded: stock donations received Other: contributions Other: contributions Other: 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 2 Family/business relationships amongst interested persons JOHN P. AMBOIAN, LESTER CROWN, MICHAEL W. FERRO, JR., RICHARD P. KIPHART, ANDREW J. MCKENNA AND J. CHRISTOPHER REYES - Business relationship, MICHAEL P. COLE AND COLLIN E. ROCHE - Business relationship, LESTER CROWN, W. JAMES FARRELL, MICHAEL W. FERRO AND MILES D. WHITE - Business relationship, LESTER CROWN AND RUTH ANN M. GILLIS - Business relationship, LESTER CROWN AND WILLIAM A. OSBORN - Business relationship, LESTER CROWN AND ERIC S. SMITH - Business relationship, MARSHA CRUZAN, RONALD J. GIDWITZ AND RUTH ANN M. GILLIS - Business relationship, MARSHA CRUZAN, RUTH ANN M. GILLIS AND MARSHA SERLIN - Business relationship, W. JAMES FARRELL, RONALD J. GIDWITZ, ANDREW J. MCKENNA, ROBERT S. MORRISON, WILLIAM A. OSBORN, J. CHRISTOPHER REYES, JOHN F. SANDNER AND MILES D. WHITE - Business relationship, W. JAMES FARRELL AND ROBERT S. MORRISON - Business relationship, W. JAMES FARRELL, WILLIAM A. OSBORN AND MILES D. WHITE - Business relationship, MICHAEL W. FERRO, JR. AND J. CHRISTOPHER REYES - Business relationship, BRENT W. GLEDHILL, RICHARD P. KIPHART AND JAMES W. MABIE - Business relationship, JOHN W. JORDAN, II, J. CHRISTOPHER REYES AND SHIRLEY WELSH RYAN - Business relationship, ANDREW J. MCKENNA, J. CHRISTOPHER REYES, SHIRLEY WELSH RYAN AND JOHN F. SANDNER - Business relationship, ANDREW J. MCKENNA AND MILES D. WHITE - Business relationship, WILLIAM A. OSBORN AND J. CHRISTOPHER REYES - Business 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 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 ten independent board members, reviewed the fiscal 2015 compensation arrangements on May 13, 2014. 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 Educational Activities - Total Revenue: 57222, Related or Exempt Function Revenue: 57222, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Miscellaneous - Total Revenue: 88340, Related or Exempt Function Revenue: 88340, 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: 36000, Related or Exempt Function Revenue: , Unrelated Business Revenue: 36000, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Space Rental - Total Revenue: 2360, Related or Exempt Function Revenue: , Unrelated Business Revenue: 2360, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Coat Check Revenue - Total Revenue: 29546, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 29546; Prior Year Adjustments - Total Revenue: 26711, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 26711; Form 990, Part IX, Line 11g Other Fees Artists/Singers - Total Expense: 4875735, Program Service Expense: 4875735, Management and General Expenses: , Fundraising Expenses: ; Artistic Consultants - Total Expense: 1103339, Program Service Expense: 1103339, Management and General Expenses: , Fundraising Expenses: ; Choreographers - Total Expense: 107514, Program Service Expense: 107514, Management and General Expenses: , Fundraising Expenses: ; Conductors - Total Expense: 1016500, Program Service Expense: 1016500, Management and General Expenses: , Fundraising Expenses: ; Consultants - Total Expense: 309646, Program Service Expense: 44717, Management and General Expenses: 264929, Fundraising Expenses: ; Stage Directors - Total Expense: 452674, Program Service Expense: 452674, Management and General Expenses: , Fundraising Expenses: ; Graphic Designers - Total Expense: 116128, Program Service Expense: 79995, Management and General Expenses: 1850, Fundraising Expenses: 34283; Payroll Processing Fees - Total Expense: 38823, Program Service Expense: , Management and General Expenses: 38823, Fundraising Expenses: ; Production Designers - Total Expense: 589549, Program Service Expense: 589549, Management and General Expenses: , Fundraising Expenses: ; Search Fees - Total Expense: 105167, Program Service Expense: , Management and General Expenses: 105167, Fundraising Expenses: ; Speaker Fees - Total Expense: 16450, Program Service Expense: 16450, Management and General Expenses: , Fundraising Expenses: ; Surtitle Commisssions - Total Expense: 22900, Program Service Expense: 22900, Management and General Expenses: , Fundraising Expenses: ; Music Commissions - Total Expense: 73000, Program Service Expense: 73000, Management and General Expenses: , Fundraising Expenses: ; Telemarketing Fees - Total Expense: 95891, Program Service Expense: 95891, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Severance Plans' Valuation - 556608; Unrealized Loss - Interest Rate Swap Contract - -738351; Ryan Opera Center Support from consolidated statements - 51277;