2013-03-14T11:29:12-07:00 2012-04-30 990 2011-05-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Dr Chicago IL 60606 R Brent Fisher 2013-03-14 2011 2016-03-07 17:11:31Z Freud Anthony c/o LOC 20 N Wacker Dr Chicago IL 60606 91167650 false false X www.lyricopera.org X 1954 IL Lyric Opera of Chicago's primary exempt purpose is to sponsor, produce and encourage opera and musical performances as an exclusively charitable organization. During the year approximately 393,500 people attended Lyric's operas, educational programs and other musical events. 108 101 790 350 230990 -21574 23966368 24818861 24880231 25970946 5084242 2238376 1972265 1251450 55903106 54279633 838436 920701 0 35799315 38808881 138 732 2968769 23713865 24083549 60351754 63813863 -4448648 -9534230 274863167 258235725 93605265 98776448 181257902 159459277 Lyric Opera of Chicago's primary exempt purpose: to sponsor, produce and encourage opera and musical performances as an exclusively charitable organization in and about Chicago; to engage in the study of opera, music, and the fine arts and to give instructions in music and fine arts. false false 54124124 920701 26061809 During the fiscal year, 72 performances, 2 student matinees, 1 concert, 1 free outdoor concert and 8 final dress rehearsals were produced by Lyric Opera of Chicago. These performances were attended by approximately 264,000 people. 457806 68617 Lyric's education department 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.A total of 613 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 115,400. 153933 60500 Seven other musical performances were held in the facility during the fiscal year, with total attendance of approximately 14,100. 54735863 true true false false false false false false true true true true false false true true false true false false true false false false true true false true false true true false false false false false false true true false false true false false false false false false false false false true 212 0 true 790 true true true false false false false false false true true false 0 false false false false false false false false false false false X 108 101 true false false false true true false true true false true true false true true true true true true true false false NY IL X RB Fisher Lyric Opera of Chgo 3123322244 20 N Wacker Dr 860 Chicago IL 60606 Fleming Renee 20.00 X X 496397 0 214 Davis Sir Andrew 20.00 X X 883956 0 0 Dowsek Richard 40.00 X X 293851 0 42652 Mathieson Mayer Susan 40.00 X X 226831 0 43677 Selander Mary L 40.00 X X 274028 0 32318 Freud Anthony 40.00 X X 424171 0 4954 Mason William 30.00 X X 442718 0 59868 Wood II Robert E 1.00 X 0 0 0 White Miles D 0.50 X 0 0 0 Washlow Roberta L 0.50 X 0 0 0 Uchida Hiroshi 0.50 X 0 0 0 Tolan Mary A 0.50 X 0 0 0 Tilton Glenn 0.50 X 0 0 0 Tieken Theodore D 0.50 X 0 0 0 Thomas Cheryl T 1.00 X 0 0 0 Thierer Mark A 0.50 X 0 0 0 Speer David B 0.50 X 0 0 0 Smith Eric S 1.00 X 0 0 0 Shapiro Brenda M 1.50 X 0 0 0 Serlin Marsha 0.50 X 0 0 0 Segal Gordon 0.50 X 0 0 0 Schreuder Jana R 0.50 X 0 0 0 Sandner John F 0.50 X 0 0 0 Rubinelli Jr Joseph O 1.00 X 0 0 0 Rouse Edward B 1.00 X 0 0 0 Rosenkranz Ricardo 0.50 X 0 0 0 Roosevelt Anna E 0.50 X 0 0 0 Roche Collin E 1.50 X 0 0 0 Reynolds III Thomas A 0.50 X 0 0 0 Reynolds Jr James 0.50 X 0 0 0 Reyes J Christopher 1.00 X 0 0 0 Raitt John R 0.50 X 0 0 0 Porrello Kenneth J 1.00 X 0 0 0 Piller Bruce J 1.00 X 0 0 0 Pedersen Peer 0.50 X 0 0 0 Osborne William H 1.00 X 0 0 0 Osborn William A 1.00 X 0 0 0 Oleniczak John W 1.00 X 0 0 0 Oberlander Sharon F 0.50 X 0 0 0 Norgan Ken R 0.50 X 0 0 0 Neil Sylvia 0.50 X 0 0 0 Neal Jeffrey C 0.50 X 0 0 0 Myers Linda K 1.00 X 0 0 0 Muchin Allan B 3.00 X 0 0 0 Morrison Robert S 0.50 X 0 0 0 Modruson Frank B 1.00 X 0 0 0 Miquelon Wade 1.00 X 0 0 0 McKenna Andrew J 1.00 X 0 0 0 McGarvie Blythe J 1.00 X 0 0 0 McBreen Maura Ann 1.50 X 0 0 0 Martin Craig C 1.50 X 0 0 0 Malott Robert H 1.00 X 0 0 0 Mabie James W 2.50 X 0 0 0 Levy Richard A 1.00 X 0 0 0 Lakonishok Josef 1.50 X 0 0 0 Kurtz David 0.50 X 0 0 0 Knowles Nancy W 1.00 X 0 0 0 Kaplan Stephen A 0.50 X 0 0 0 Jordan II John W 0.50 X 0 0 0 Jones Gregory K 0.50 X 0 0 0 Jenkins Terry A 1.00 X 0 0 0 Hurvis J Thomas 1.00 X 0 0 0 Hightman Carrie J 0.50 X 0 0 0 Heagy Thomas C 0.50 X 0 0 0 Hay Mary Pat 1.00 X 0 0 0 Gross Dietrich M 1.00 X 0 0 0 Green Judson 0.50 X 0 0 0 Gray Melvin 1.00 X 0 0 0 Gray Avrum 1.00 X 0 0 0 Gottlieb Howard L 1.50 X 0 0 0 Gillis Ruth Ann M 1.50 X 0 0 0 Gidwitz Ronald J 1.00 X 0 0 0 Florian Sonia 1.00 X 0 0 0 Fisher Russell W 0.50 X 0 0 0 Field Lawrence I 0.50 X 0 0 0 Ferro Jr Michael W 0.50 X 0 0 0 Ferguson Mark E 1.00 X 0 0 0 Farrell W James 0.50 X 0 0 0 Edlis Stefan T 0.50 X 0 0 0 Drake Ann 0.50 X 0 0 0 DeCross Derek 0.50 X 0 0 0 Crowe John V 1.00 X 0 0 0 Croghan John W 0.50 X 0 0 0 Couto Vinay 0.50 X 0 0 0 Cole Michael P 1.50 X 0 0 0 Colburn Richard W 1.00 X 0 0 0 Christen Timothy L 0.50 X 0 0 0 Carpenter David W 1.00 X 0 0 0 Cameron Marion A 1.00 X 0 0 0 Bulley III Allan E 1.00 X 0 0 0 Bligh Philip 0.50 X 0 0 0 Berlin Melvin 0.50 X 0 0 0 Beitler Stephen S 0.50 X 0 0 0 Bay Jr James N 0.50 X 0 0 0 Baskes Julie 1.50 X 0 0 0 Anderson Paul F 1.00 X 0 0 0 Anderson Anthony K 2.00 X 0 0 0 Amboian John P 1.00 X 0 0 0 Addington MD Whitney 1.50 X 0 0 0 Abelson Katherine A 0.50 X 0 0 0 Carbone Paul J 3.00 X X 0 0 0 Van Eekeren Donna 1.50 X X 0 0 0 Vance William C 1.50 X X 0 0 0 Ryan Shirley Welsh 1.00 X X 0 0 0 Alexander James L 3.50 X X 0 0 0 Crown Lester 1.00 X X 0 0 0 Pigott Kenneth G 5.50 X X 0 0 0 Kiphart Richard P 3.50 X X 0 0 0 Landmesser Drew 40.00 X 197282 0 53734 Reilly Jr William 50.00 X 184128 0 51172 Reynolds Michael 44.00 X 163895 0 45758 Barker Michael 43.00 X 152783 0 42613 Fisher R Brent 40.00 X 145455 0 26575 3885495 403535 45 false true false Thelma E June Rodgers LLC 1253 W Cottage Place Chicago IL 60607 Telemarketing 277133 Ariadne Productions LLC 163 Amsterdam Ave New York NY 10023 Singer 246323 The Northern Trust Company 801 S Canal St Chicago IL 60607 Letter of CreditFees 379997 Jewell Events Catering 424 N Wood St Chicago IL 60622 Catering 522169 Calihan Catering 833 W Haines Chicago IL 60622 Catering 658230 25 4824593 114346 19879922 2172829 24818861 Ticket Sales 711190 25029859 25029859 Ticket Hndlg/Exchg Fees 711190 325852 325852 Production Rentals 711190 390081 390081 Miscellaneous 900099 96037 96037 Educational Activities 711190 68617 68617 60500 60500 25970946 2193610 22199 2171411 0 0 0 33336184 33291418 44766 44766 44766 2022326 4824593 3425213 -1402887 -1402887 24447 100 24347 24347 1238006 171286 1066720 25804 21484 1019432 Party Reception Income 532000 312899 154144 158755 Opera Club 900099 437754 437754 Miscellaneous Revenue 900099 449179 449179 363438 194176 33163 136099 1563270 54279633 26190926 230990 3038856 920701 920701 0 0 0 1881148 274223 1298243 308682 0 28676663 25017420 2269737 1389506 2325070 2069097 149387 106586 3318738 2889107 260140 169491 2607262 2291133 205120 111009 0 206443 204536 1701 206 50700 50700 0 732 732 716806 706765 10041 7421683 7253822 68280 99581 2387334 2387334 771125 336188 152140 282797 331256 49721 279529 2006 459735 459735 1655333 1441376 151806 62151 595813 411670 132589 51554 0 6524 2850 1785 1889 1726441 1678251 38792 9398 0 3073157 2963347 109810 523274 336990 186284 Amortization of Gift Annuities 102734 102734 Radio Syndication Fees 155000 155000 Charge Card Fees 663480 581254 82226 Production Exp- Purch/Rntl etc 2923419 2923419 313292 88689 46423 178180 63813863 54735863 6109231 2968769 X 2007880 636241 550057 4006883 25852608 23048771 1413557 2740293 0 0 0 15516 12733 1962806 2687897 98922184 48381987 51848106 50540197 80712534 68803840 110485703 105745070 0 0 14400 13800 274863167 258235725 7815209 7466619 12710639 12637579 65700000 65700000 7379417 12972250 93605265 98776448 X 109090425 92925546 49476456 43820199 22691021 22713532 181257902 159459277 274863167 258235725 X -9534230 -12264395 X false true true X false false X 33573941 23039121 22483091 23882388 24818861 127797402 0 0 33573941 23039121 22483091 23882388 24818861 127797402 4626698 123170704 2797168 2844616 2529524 2193399 2352364 12717071 0 0 140514473 139408772 0.87660 0.85960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 91904 91904 false 42428058 22511 -655904 1775870 122068 39896727 36889986 43168 7487441 1779435 213102 42428058 22279157 368696 7558320 -6786924 103111 36889986 0.56930 0.43070 true false false 696577 696577 88397212 42655019 45742193 7480775 4481915 2998860 2347620 1245053 1102567 50540197 105745070 Interest Rate Swap Contract 12161444 Annuities Payable 810806 12972250 54279633 63813863 -9534230 -6119163 -6145232 -12264395 -21798625 41792176 -6119163 131077 -5882566 -11870652 53662828 616805 616805 54279633 63590801 131077 262666 393743 63197058 616805 616805 63813863 Part X Part X : FIN48 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 April 30, 2012 and 2011. There are no on-going federal, state or local tax audits, however, the Opera's tax returns for 2009 and subsequent years remain open to examination. Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Special Events- Expenses on Financials $-33456 Cost of Goods Sold $168211 Cost of Goods Sold-Form 990T Concessions $3075 Opera Center Net Revenue (sep Form 990) $32932 Opera Center Govt Contribs (sep Form 990 $91904 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Unrealized Loss- Interest Rate Swap Contract $ -5617438 Change in Severance Plans Valuation $ -527794 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. 4.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 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.1e.The reclassification of $8,612,427 resulted from the adoption of UPMIFA and the related new audit disclosure requirements. This change is reflected in column C, line 1e. Part IV, Line 1b Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib Lyric Opera acts as custodian of all assets and paymaster for payments for the Ryan Opera Center, to facilitate better controls and cost effectiveness. Europe 0 0 Fundraising-see page 5 317000 North America 0 0 Management/General 1000 Europe 0 0 Management/General 37000 Central Amer & Caribbean 0 0 Investments 51266000 North America 0 0 Program Services Artistic/Production costs 22000 Europe 0 0 Program Services Artistic/Production costs 419000 52062000 52062000 X true false false false false false Additional Supplemental Information 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. false Wine Auction 3479703 2476923 1002780 95375 173347 1410 1459031 Fantasy of the Opera 722989 601801 121188 33956 70633 10850 180467 10 2644227 1745869 898358 97888 378835 13020 910401 6846919 4824593 2022326 227219 622815 25280 2549899 3425213 -1402887 false false 24447 100 true 0.91000 24447 100 100 24347 IL true false true false 1.00000 Janice Shucart c/o Lyric Opera 20 N Wacker Dr Chicago IL 60606 false true 24347 Part III, Line 17b - Distributions Required Under State Law IL $24347 Schedule G - Additional Information 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. $4.8 million of charitable contributions were collected (Schedule G, Part II, line 2) for a true net income of $3.4 million collected at these events. true Patrick G & Shirley W Ryan Opera Center 20 North Wacker Drive Chicago IL 60606 362796630 501(c)(3) 920701 0 opera school 1 0 Grantmaker's Description of How Grants are Used 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 X X X false true false false false false false false false false Selander Mary L 235528 38500 31316 1002 306346 Reynolds Michael 163895 30940 14818 209653 Reilly Jr William 167628 16500 34601 16571 235300 Mathieson Mayer Susan 188331 38500 35796 7881 270508 Mason William 404218 38500 43482 16386 502586 Landmesser Drew 174713 22569 41173 12561 251016 Freud Anthony 202171 200000 22000 4954 429125 Fleming Renee 496397 214 496611 Fisher R Brent 123455 22000 17452 9123 172030 Dowsek Richard 255351 38500 41650 1002 336503 Davis Sir Andrew 883956 883956 Barker Michael 152783 28813 13800 195396 Illinois Finance Authority 861091967 noneavail 2008-08-18 3500000 Purchase, construct & equip add'l Civic Opera Bldg space false false 3500000 6382 70000 3436382 2009 false false true true false false false false 0.00300 0.00300 true false false false false false true X Ryan Opera Center See Supplemental Information 920701 Operational support E Smith- Mg Dir Chase Invstment Ban Trustee 458202 Chase-normal course of biz false J Schreuder- Pres Pers FinNorthrn T Trustee 183829 NorthernTr-norm course biz false T Jenkins- EVP Head US Privt BkHarr Trustee 168832 Harris Bk-norm course biz false R Gillis- Exec VP Exelon Corp Trustee 317969 Exelon-normal course biz false R Colburn- Trustee WTTW Trustee 228356 WTTW-normal course of biz false R Fleming-Creative ConsultantSinger Trustee 597076 Contracted Consultant false A Davis-Music DirConductor Trustee 721901 Contracted Consultant false Part III, 1(b). The Ryan Opera Center does not meet the definition of "related organization" for purposes of reporting on IRS Form 990, Schedule R. However, the Executive Director and CFO of Lyric Opera are board members of the Ryan Opera Center. As a result, the grant provided to the Ryan Opera Center is reported here on Schedule L, Part III. X 70 1389790 FMV date rec'd X Props/music etc 7 4687 Donor est X Office furnitur 2 26819 Donor est X Auction items 415 751533 Donor est false true true Part I, Line 32, Hire and Use of Third Parties Lyric Opera of Chicago hired events.org to coordinate and process electronic bidding on their devices for the auction portion of both Wine Auction and Fantasy of the Opera events. Professional auctioneers were hired to sell the wine and other live auction items during the Wine Auction event, held February 10, 2012. Form 990, Part V, Line 1a- 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 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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 VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 15b. 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 2012 compensation arrangements on March 7, 2011 and again on April 11, 2011. 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 recommendations was reflected in the Board meeting minutes. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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 11 Form 990, Part VI, Line 11: Form 990 Review Process 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 email, to all Members of the Lyric Opera of Chicago Audit Committee prior to filing electronically with the IRS. Form 990, Part VI, Line 2 Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Katherine A. Abelson, Julie Baskes, Richard Dowsek, Anthony Freud, Melvin Gray, Mr. and Mrs. Richard P. Kiphart, William Mason, Mr. and Mrs. Kenneth G. Pigott, William C. Vance and Donna Van Eekeren- business relationshipW. James Farrell, William A. Osborn, Glenn Tilton and Miles D. White- business relationshipJ. Thomas Hurvis and Richard P. Kiphart- business relationshipRichard P. Kiphart and James W. Mabie- business relationshipSir Andrew Davis, Trustee and Music Director and Conductor for Lyric Opera of Chicago, is married to Gianna Rolandi, Director for the Ryan Opera Center.