2012-03-14T11:22:36-07:00 2011-04-30 990 2010-05-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Dr Chicago IL 60606 Richard Dowsek 2012-03-14 2010 2016-02-24 21:20:13Z Mason William c/o LOC 20 N Wacker Dr Chicago IL 60606 133646754 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 nearly 416,000 people attended Lyric's operas, educational programs and other musical events. 104 92 854 350 358532 -39266 30139165 23966368 25110374 24880231 6261931 5084242 1971886 1972265 63483356 55903106 846295 838436 0 36034240 35799315 138 2698276 22574071 23713865 59454606 60351754 4028750 -4448648 258170689 274863167 92774364 93605265 165396325 181257902 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 51184803 838436 25381115 During the fiscal year, 68 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 260,675 people. 432192 104863 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 760 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 148,500. 112878 60125 Eleven other musical performances were held in the facility during the fiscal year, with total attendance of approximately 6,300. 51729873 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 true true true false false false false false false false false false true 204 3 true 854 true true true false false false false false false true true false 0 false false true true false false false false false false false X 104 92 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 R Dowsek Lyric Opera of Chgo 3123322244 20 N Wacker Dr 860 Chicago IL 60606 Wood II Robert E 0.50 X 0 0 0 White Miles D 0.50 X 0 0 0 White Michael H 0.50 X 0 0 0 Washlow Roberta L 0.50 X 0 0 0 Vance William C 1.50 X 0 0 0 Van Eekeren Donna 1.50 X 0 0 0 Uchida Hiroshi 0.50 X 0 0 0 Tolan Mary A 0.50 X 0 0 0 Tieken Theodore D 0.50 X 0 0 0 Thomas Cheryl T 1.00 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 Selander Mary L 40.00 X X 269487 0 32318 Segal Gordon 0.50 X 0 0 0 Sandner John F 0.50 X 0 0 0 Ryan Shirley Welsh 1.00 X 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 1.00 X 0 0 0 Roosevelt Anna E 0.50 X 0 0 0 Roche Collin E 1.50 X 0 0 0 Reynolds Michael 48.00 X 170704 0 47168 Reynolds Jr James 1.00 X 0 0 0 Reynolds III Thomas A 2.00 X X 0 0 0 Reyes J Christopher 0.50 X 0 0 0 Reilly Jr William 52.00 X 184930 0 50856 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 Pigott Kenneth G 4.50 X 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 O'Connor James J 0.50 X 0 0 0 Norgan Ken R 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 3.50 X 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 0.50 X 0 0 0 McBreen Maura Ann 1.50 X 0 0 0 Mathieson Mayer Susan 40.00 X X 205753 0 33248 Mason William 40.00 X X 452489 0 80021 Martin Nicholas 40.00 X 142351 0 26073 Martin Craig C 1.50 X 0 0 0 Malott Robert H 1.50 X 0 0 0 Mabie James W 2.50 X 0 0 0 Lichtenstein Susan R 2.00 X X 0 0 0 Levy Richard A 1.00 X 0 0 0 Lakonishok Josef 1.50 X 0 0 0 Kurtz David 1.00 X 0 0 0 Knowles Nancy W 1.00 X 0 0 0 Kiphart Richard P 5.50 X X 0 0 0 Kaplan Todd P 0.50 X 0 0 0 Kaplan Stephen A 0.50 X 0 0 0 Jordan II John W 0.50 X 0 0 0 Johnson George E 1.00 X 0 0 0 Jenkins Terry A 1.00 X 0 0 0 Jannotta Edgar D 1.00 X 0 0 0 Hurvis J Thomas 0.50 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 Gerami Jerry R 1.00 X 0 0 0 Garton Daniel P 0.50 X 0 0 0 Franke Richard J 0.50 X 0 0 0 Florian Sonia 1.00 X 0 0 0 Fleming Renee 20.00 X X 338500 0 1725 Fisher Russell W 0.50 X 0 0 0 Field Lawrence I 0.50 X 0 0 0 Ferro Jr Michael W 1.50 X 0 0 0 Ferguson Mark 0.50 X 0 0 0 Farrell W James 0.50 X 0 0 0 Dowsek Richard 40.00 X X 286846 0 42652 Davis Sir Andrew 20.00 X X 613225 0 0 Crown Lester 1.00 X X 0 0 0 Crowe John V 1.00 X 0 0 0 Croghan John W 0.50 X 0 0 0 Cole Michael P 1.00 X 0 0 0 Colburn Richard W 1.00 X 0 0 0 Christopher Paul 41.00 X 150208 0 41629 Carpenter David W 0.50 X 0 0 0 Carbone Paul J 3.00 X X 0 0 0 Cameron Marion A 0.50 X 0 0 0 Cafferty Pastora San Juan 0.50 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 Baskes Julie 1.50 X 0 0 0 Barker Michael 43.00 X 151038 0 41535 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 Alexander James L 3.00 X X 0 0 0 Addington MD Whitney 1.50 X 0 0 0 Abelson Katherine A 0.50 X 0 0 0 2965531 397225 53 false true false Thelma E June Rodgers LLC 1253 W Cottage Place Chicago IL 60607 Telemarketing 258733 The Northern Trust Company 801 S Canal St Chicago IL 60607 Letter of CreditFees 601139 Performance Clean Inc One Brewers Way Milwaukee WI 53214 Cleaning Services 231808 Jewell Events Catering 424 N Wood St Chicago IL 60622 Catering 600884 Calihan Catering 833 W Haines Chicago IL 60622 Catering 741154 24 2117946 219263 21629159 2079096 23966368 Ticket Sales 711190 23775118 23775118 Ticket Hndlg/Exchg Fees 711190 263408 263408 Rntl-Othr Musical Perfs 711190 60125 60125 Production Rentals 711190 651028 651028 Educational Activities 711190 71419 71419 59133 59133 24880231 2014099 2014099 0 0 0 78954660 75884517 3070143 3070143 3070143 1066412 2117946 1696768 -630356 -630356 24400 196 24204 24204 1149940 162167 987773 33441 38999 915333 Party Reception Income 532000 502193 322893 179300 Opera Club 900099 424482 424482 Miscellaneous Revenue 900099 443853 443853 220116 188578 -3360 34898 1590644 55903106 25546103 358532 6032103 838436 838436 0 0 0 1398496 240362 857405 300729 0 26450894 22813816 2428463 1208615 2161797 1980567 76824 104406 3010368 2648682 212981 148705 2777760 2433292 225179 119289 0 38692 18972 19720 44900 44900 0 138 138 822567 811867 10700 8372811 7956600 280006 136205 1844637 1844637 761493 405250 147643 208600 248611 66413 182042 156 223861 223861 1686602 1456681 162215 67706 424699 289090 88608 47001 0 3259 1077 25 2157 1801293 1740128 51378 9787 0 3026424 2926874 99550 450237 282261 167976 Scenery/Costumes- Purch/Rntl 2749491 2749491 Radio Syndication Fees 150000 150000 Charge Card Fees 573578 504207 69371 Awards/Promos 81415 137 1282 79996 Amortization of Gift Annuities 102125 102125 307170 159039 65541 82590 60351754 51729873 5923605 2698276 X 407053 2007880 1302617 550057 26677348 25852608 1391274 1413557 0 0 0 9394 15516 2353021 1962806 97187512 45339406 53899165 51848106 83787658 80712534 88328959 110485703 0 0 14200 14400 258170689 274863167 7497913 7815209 12658007 12710639 65700000 65700000 6918444 7379417 92774364 93605265 X 100921660 109090425 41826812 49476456 22647853 22691021 165396325 181257902 258170689 274863167 X -4448648 20310225 X false true true X false false X 28337983 33573941 23039121 22483091 23882387 131316523 0 0 28337983 33573941 23039121 22483091 23882387 131316523 7023040 124293483 2915891 2797168 2844616 2529524 2193399 13280598 0 0 144597121 141629449 0.85960 0.86030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 21009 21009 false 36889986 43168 7487441 1779435 213102 42428058 22279157 368696 7558320 -6786924 103111 36889986 20237922 2041235 22279157 0.46520 0.53480 true false false 696577 696577 87156128 40125454 47030674 6987187 4045957 2941230 2347620 1167995 1179625 51848106 110485703 Interest Rate Swap Contract 6544006 Annuities Payable 835411 7379417 55903106 60351754 -4448648 20380647 -70422 20310225 15861577 75920093 20380647 274048 33476 20688171 55231922 722568 -51384 671184 55903106 60058516 274048 155282 429330 59629186 722568 722568 60351754 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, 2011 and 2010. There are no on-going federal, state or local tax audits, however, the Opera's tax returns for 2008 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 $-56413 Cost of Goods Sold $157367 Cost of Goods Sold-Form 990T Concessions $4800 Opera Center Net Revenue (sep Form 990) $28519 Opera Center Govt Contribs (sep Form 990 $21009 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Opera Center Net Revenue (sep Form 990) $28519 Opera Center Govt Contribs (sep Form 990 $21009 Unrealized Loss-Interest Rate Swap Contr $-487429 Change in Severance Plans Valuation $365623 Special Events- Expenses on Financials $-56413 Cost of Goods Sold $157367 Cost of Goods Sold-Form 990T Concessions $4800 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Unrealized Gain- Interest Rate Swap Contract $0 $0 Change in Severance Plans Valuation $365623 Investment K-1 (UBTI amount) $51384 Change in Severance Plans Valuation $ -0 Unrealized Loss- Interest Rate Swap Contract $ -487429 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. 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 the prior year amount reported in line 1e.4.The Opera's endowment is comprised of both temporarily and permanently 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, 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. Part IV, Line 1b Part IV, Line 1b: Why is organization an agent, trustee, custodian or other intermediary for contrib Assets of the Ryan Opera Center are commingled with Lyric Opera for better controls and cost effectiveness. North America 0 0 Fundraising 1000 Europe 0 0 Fundraising-see page 5 467000 North America 0 0 Management/General 2000 Europe 0 0 Management/General 33000 Central Amer & Caribbean 0 0 Investments 46520000 East Asia & the Pacific 0 0 Program Services Artistic/Prod costs 17000 North America 0 0 Program Services Artistic/Production costs 6000 Europe 0 0 Program Services Artistic/Production costs 254000 47300000 47300000 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. Estimated expenses for lodging, meals, and events are paid in advance by Lyric and later reimbursed by the attending board members. false Fantasy of the Opera 770468 622430 148038 2602 61060 10850 234195 Operathon 537233 436960 100273 225 123078 9 1876657 1058556 818101 38345 356341 9914 860158 3184358 2117946 1066412 40947 417626 20764 1217431 1696768 -630356 false false 24400 196 true 0.91000 24400 196 196 24204 IL true false true false 1.00000 Janice Shucart c/o Lyric Opera 20 N Wacker Dr Chicago IL 60606 false true 24204 Part III, Line 17b - Distributions Required Under State Law IL $24204 true Patrick G & Shirley W Ryan Opera Center 20 North Wacker Drive Chicago IL 60606 362796630 501(c)(3) 838436 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. true X X X X X false true false false false false false false false false Selander Mary L 230987 38500 31316 1002 301805 Reynolds Michael 170704 31731 15437 217872 Reilly Jr William 168430 16500 34212 16644 235786 Mathieson Mayer Susan 167253 38500 25606 7642 239001 Mason William 413989 38500 64170 15851 532510 Martin Nicholas 137856 4495 8923 17150 168424 Fleming Renee 338500 1725 340225 Dowsek Richard 248346 38500 41650 1002 329498 Davis Sir Andrew 613225 613225 Christopher Paul 150208 28005 13624 191837 Barker Michael 151038 27942 13593 192573 Illinois Finance Authority 861091967 noneavail 2008-08-18 3500000 Purchase, construct & equip add'l Civic Opera Bldg space false false 3506382 70000 3436382 2009 false false true true false false false false true 0.00100 0.00100 true false false false false false true Ryan Opera Center See Schedule O 838436 Operational support E Smith- Mg Dir Chase Invmt Bank Gp Trustee 387830 Chase-normal course biz false W Osborn- Retired Chair Northern Tr Trustee 199946 Northrn Tr-norm course biz false T Kaplan- V Chr Bank of Am M Lynch Trustee 311625 Bk of Amer-norm course biz false T Jenkins- Sr Exec Harris Bankcorp Trustee 184585 Harris-normal course biz false R Gillis- Exec VP Exelon Corp Trustee 125870 Exelon-normal course biz false R Colburn- Trustee WTTW Trustee 225168 WTTW-normal course biz false J Baskes Trustee 27140 Grndaughter-employee comp false R Fleming-Creative ConsultantSinger Trustee 452750 Contracted Consultant false A Davis-Music DirConductor Trustee 693489 Contracted Consultant false X 3500 Donor est/appr X 89 1974473 FMV date rec'd X Piano 1 9700 Donor apprsl X Auction items 222 91423 Donor est 1 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 the Fantasy of the Opera event. Schedule L, Part III, Line 1(b)- Grants Benefitting Interested Persons 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 on Schedule L, Part III. Form 990, Part V, Line 7g and 7h Line 7g and 7h are answered "yes", but there were no contributions of qualified intellectual property (7g) or contributions of cars, boats, airplanes and other vehicles (7h). Both should be answered "N/A", but that option is not available. 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) is the same as for the CEO. See 15a. 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, Melvin Gray, Mr. and Mrs. Richard P. Kiphart, William Mason, William C. Vance and Donna Van Eekeren- business relationshipJohn P. Amboian, Lester Crown, Michael W. Ferro, Jr., Richard P. Kiphart, Andrew J. McKenna, Peer Pedersen and J. Christopher Reyes- business relationshipLester Crown, W. James Farrell, Michael W. Ferro, Jr. and Miles D. White- business relationshipLester Crown and Ruth Ann M. Gillis- business relationshipLester Crown and William A. Osborn- business relationshipLester Crown and Eric S. Smith- business relationshipLester Crown and David B. Speer- business relationshipW. James Farrell, Ronald J. Gidwitz, Edgar D. Jannotta, Andrew J. McKenna, Robert S. Morrison, James J. O'Connor, William A. Osborn, J. Christopher Reyes, John F. Sandner, David B. Speer and Miles D. White- business relationshipW. James Farrell and Robert S. Morrison- business relationshipW. James Farrell, William A. Osborn and Miles D. White- business relationshipMichael W. Ferro, Jr. and J. Christopher Reyes- business relationshipEdgar D. Jannotta, Richard P. Kiphart and James W. Mabie- business relationshipJohn W. Jordan II, J. Christopher Reyes and Shirley Welsh Ryan- business relationshipAndrew J. McKenna, J. Christopher Reyes, Shirley Welsh Ryan and John F. Sandner- business relationshipAndrew J. McKenna and Miles D. White- business relationshipWilliam A. Osborn and J. Christopher Reyes- 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.