2011-03-15T07:00:32-07:00 2010-04-30 990 2009-05-01 366008929 Lyric Opera of Chicago LYRI 3123322244 20 N Wacker Dr Chicago IL 60606 Richard Dowsek 2011-03-15 2009 2016-02-24 21:20:13Z William Mason c/o LOC 20 N Wacker Dr Chicago IL 60606 100080549 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 this year nearly 425,000 people attended Lyric's operas, educational programs and other musical events. 103 94 960 350 141261 -218201 23039121 30139165 29507833 25110374 -2737390 6261931 1037331 1971886 50846895 63483356 809816 846295 0 36874601 36034240 0 2749500 22942389 22574071 60626806 59454606 -9779911 4028750 224048903 258170689 95504786 92774364 128544117 165396325 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 50563472 846295 25789576 During the fiscal year, 77 performances, 2 student matinees, 1 free outdoor concert and 8 final dress rehearsals were produced by Lyric Opera of Chicago. These performances were attended by approximately 269,300 people. 407366 77456 More than 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 125,400. 333828 94975 Eight other musical performances were held in the facility during the fiscal year, with total attendance of approximately 13,200. 51304666 true true false false false false false 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 false false true true false false false false false false false false true 219 2 true 960 true true true true CJ false false false false false true true true 1 false false true true false false false false 103 94 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 William Reilly Jr 53.60 X 163719 0 44643 William Mason 40.00 X X 472703 0 82330 William H Osborne 0.50 X 0 0 0 William C Vance 1.50 X 0 0 0 William A Osborn 1.00 X 0 0 0 Whitney W Addington MD 1.00 X 0 0 0 Wade Niquelon 0.50 X 0 0 0 W James Farrell 1.00 X 0 0 0 Thomas M Patrick 1.00 X 0 0 0 Thomas C Heagy 0.50 X 0 0 0 Thomas A Reynolds III 2.00 X X 0 0 0 Theodore D Tieken 0.50 X 0 0 0 Terry A Jenkins 1.00 X 0 0 0 Susan R Lichtenstein 2.00 X X 0 0 0 Susan Mathieson Mayer 40.00 X X 214692 0 34019 Stephen A Kaplan 1.00 X 0 0 0 Sonia Florian 1.00 X 0 0 0 Shirley Welsh Ryan 1.00 X X 0 0 0 Ruth Ann M Gillis 1.00 X 0 0 0 Russell W Fisher 0.50 X 0 0 0 Ronald J Gidwitz 1.00 X 0 0 0 Roberta L Washlow 0.50 X 0 0 0 Robert S Morrison 0.50 X 0 0 0 Robert H Malott 1.50 X 0 0 0 Robert E Wood II 0.50 X 0 0 0 Richard W Colburn 0.50 X 0 0 0 Richard P Kiphart 5.00 X X 0 0 0 Richard J Franke 1.00 X 0 0 0 Richard Dowsek 40.00 X X 291137 0 42623 Richard A Levy 0.50 X 0 0 0 Ricardo Rosenkranz 0.50 X 0 0 0 R Brent Fisher 0. X 139629 0 30682 Philip Bligh 0.50 X 0 0 0 Peer Pedersen 0.50 X 0 0 0 Paul J Carbone 2.50 X X 0 0 0 Paul F Anderson 2.00 X 0 0 0 Pastora San Juan Cafferty 0.50 X 0 0 0 Nicholas Martin 40.00 X 143359 0 25566 Nancy W Knowles 1.00 X 0 0 0 Miles D White 0.50 X 0 0 0 Michael W Ferro Jr 1.50 X 0 0 0 Michael Reynolds 49.60 X 152553 0 41792 Michael P Cole 1.00 X 0 0 0 Michael H White 0.50 X 0 0 0 Michael Barker 48.20 X 142841 0 39044 Melvin Gray 1.00 X 0 0 0 Melvin Berlin 0.50 X 0 0 0 Maura Ann McBreen 1.00 X 0 0 0 Matthew Bucksbaum 0.50 X 0 0 0 Mary Pat Hay 0.50 X 0 0 0 Mary L Selander 40.00 X X 271835 0 32288 Mary A Tolan 0.50 X 0 0 0 Linda K Myers 1.00 X 0 0 0 Lester Crown 1.00 X X 0 0 0 Lawrence I Field 0.50 X 0 0 0 Kenneth J Porrello 1.00 X 0 0 0 Kenneth G Pigott 2.50 X X 0 0 0 Katherine A Abelson 0.50 X 0 0 0 Julie Baskes 1.00 X 0 0 0 Judson C Green 1.00 X 0 0 0 Joseph O Rubinelli Jr 1.00 X 0 0 0 Josef Lakonishok 1.50 X 0 0 0 John W Oleniczak 1.00 X 0 0 0 John W Jordan II 0.50 X 0 0 0 John W Croghan 1.00 X 0 0 0 John V Crowe 1.50 X 0 0 0 John R Raitt 0.50 X 0 0 0 John P Amboian 1.00 X 0 0 0 John F Sandner 0.50 X 0 0 0 John A Buck 0.50 X 0 0 0 Jerry R Gerami 0.50 X 0 0 0 Jeffrey C Neal 0.50 X 0 0 0 James W Mabie 2.00 X 0 0 0 James Reynolds Jr 1.00 X 0 0 0 James M Pierce 1.00 X 0 0 0 James L Alexander 2.50 X X 0 0 0 James J O'Connor 0.50 X 0 0 0 J Thomas Hurvis 0.50 X 0 0 0 J Christopher Reyes 0.50 X 0 0 0 Howard L Gottlieb 1.50 X 0 0 0 Hiroshi Uchida 0.50 X 0 0 0 Gordon Segal 0.50 X 0 0 0 George E Johnson 1.00 X 0 0 0 George D Kennedy 0.50 X 0 0 0 Gary E Holdren 0.50 X 0 0 0 Frank B Modruson 1.00 X 0 0 0 Eric S Smith 0.50 X 0 0 0 Edward B Rouse 1.00 X 0 0 0 Edgar D Jannotta 1.00 X 0 0 0 Donna Van Eekeren 0.50 X 0 0 0 Dietrich M Gross 1.50 X 0 0 0 David W Carpenter 0.50 X 0 0 0 David Kurtz 0.50 X 0 0 0 David B Speer 0.50 X 0 0 0 Daniel P Garton 0.50 X 0 0 0 Craig C Martin 1.50 X 0 0 0 Collin E Roche 1.50 X 0 0 0 Cherryl T Thomas 0.50 X 0 0 0 Charles W Scharf 0.50 X 0 0 0 Carrie J Hightman 0.50 X 0 0 0 Bruce J Piller 1.00 X 0 0 0 Brenda M Shapiro 1.00 X 0 0 0 Avrum Gray 1.00 X 0 0 0 Anthony K Anderson 1.00 X 0 0 0 Anna E Roosevelt 1.00 X 0 0 0 Andrew J McKenna 1.00 X 0 0 0 Allan E Bulley III 0.50 X 0 0 0 Allan B Muchin 3.00 X X 0 0 0 1992468 372987 49 false true false Vladimir Galouzine Sennapa Pl 13-106 St. Petersburg RS Singer 276014 Sir Andrew Davis 1430 N Lake Shore Dr Chicago IL 60610 Music Dir/Conductor 969050 The Northern Trust Company 801 S Canal St Chicago IL 60607 Letter of CreditFees 295380 POP 1326 5th Ave Suite 800 Seattle WA 98101 Internet Services 401865 Calihan Catering 833 W Haines Chicago IL 60622 Catering 784278 24 1988681 134001 28016483 2165902 30139165 Ticket Sales 711190 24363752 24363752 Ticket Hndlg/Exchg Fees 711190 289012 289012 Rntl-Othr Musical Perfs 711190 94975 94975 Production Rentals 711190 219073 219073 Educational Activities 711190 77456 77456 66106 66106 25110374 2354661 2354661 0 0 0 38943251 809 35029023 7767 3914228 -6958 3907270 -6958 3914228 776272 1988681 1376949 -600677 -600677 30920 2348 28572 28572 1135597 181106 954491 43256 21037 890198 Party Reception Income 532000 442996 268133 174863 Opera Club 900099 438239 438239 Facilities Events Fees 900099 466557 466557 241708 348778 -147909 40839 1589500 63483356 25962007 141261 7240923 846295 846295 0 0 0 1492180 257682 920323 314175 0 27161371 23707330 2205491 1248550 1872693 1620040 161999 90654 3124427 2749487 224839 150101 2383569 2046144 216468 120957 0 68758 66936 1822 44400 44400 0 0 621720 610398 11322 7622597 7336459 75808 210330 1854564 1854564 802494 465067 167756 169671 239167 42268 196899 176909 176909 1704203 1485990 152283 65930 297948 178854 83637 35457 0 2925 660 735 1530 1752806 1718419 24743 9644 0 2982067 2892614 89453 503569 329621 173948 Scenery/Costumes- Purch/Rntl 2698254 2698254 Radio Syndication Fees 145000 145000 Charge Card Fees 597071 522141 74930 Awards/Promos 53752 4140 49612 Amortization of Gift Annuities 99600 99600 306267 163932 45298 97037 59454606 51304666 5400440 2749500 X 201959 407053 23764925 1302617 26100576 26677348 1250392 1391274 0 0 0 5964 9394 1788840 2353021 96278602 42379437 55861153 53899165 50599780 83787658 64475314 88328959 0 0 14200 224048903 258170689 7066060 7497913 13102512 12658007 65700000 65700000 167305 9468909 6918444 95504786 92774364 X 75419852 100921660 30845108 41826812 22279157 22647853 128544117 165396325 224048903 258170689 X false true true X false false X 27109330 28337983 33573941 23039121 22483091 134543466 0 0 27109330 28337983 33573941 23039121 22483091 134543466 6651178 127892288 3036892 2915891 2797168 2844616 2529524 14124091 0 0 148667557 144654992 0.86030 0.86550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118946878 10929297 33376852 15261442 475745 147515840 156969477 4368646 -37560799 4548898 281548 118946878 0.84650 0.15350 true false false 696577 696577 86451187 37615365 48835822 6783218 3673134 3110084 2347620 1090938 1256682 53899165 88328959 Interest Rate Swap Contract 6056577 Annuities Payable 861867 6918444 63483356 59454606 4028750 30544559 2278899 32823458 36852208 97911190 30544559 526950 3672402 34743911 63167279 521720 -205643 316077 63483356 61058982 526950 1590070 2117020 58941962 521720 -9076 512644 59454606 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 adopted guidance issued by the Financial Accounting Standards Board (FASB) on accounting for uncertainty in tax positions. The adoption of this guidance had no effect on the Opera's financial position. Management believes the Opera has no material unrecognized income tax benefits, including any potential loss of its tax exemption status. The Opera has no on-going federal, state or local tax audits, however, the Opera's tax returns for 2007 and subsequent years are open to examination. Part XIII, Line 2d Part XIII, Line 2d: Other expenses and losses per audited F/S Special Events- Expenses on Financials $1379297 Cost of Goods Sold $180047 Cost of Goods Sold-Form 990T Concessions $1059 Opera Center Net Revenue (sep Form 990) $29667 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) $29667 Unrealized Gain-Interest Rate Swap Contr $2463215 Change in Severance Plans Valuation $-380883 Special Events- Expenses on Financials $1379297 Cost of Goods Sold $180047 Cost of Goods Sold-Form 990T Concessions $1059 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances Unrealized Gain- Interest Rate Swap Contract $2463215 Investment K-1 (UBTI amount) $196567 Change in Severance Plans Valuation $ -380883 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. 1e.New audit requirements caused an elimination of $8,612,427 in the Board-designated interfund receivables. This change is reflected in the current year amount reported in line 1e.4.The Opera's endowment is comprised of both donor-restricted endowment funds and Board-designated funds to function as endowment. Net assets consisting of those funds 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 endowment balance 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 endowment through investment returns in excess of the objective and new gifts. North America 0 0 Program Services Artistic/Production costs 36729 Europe 0 0 Program Services Artistic/Production costs 175678 Europe 0 0 Management/General 51537 Europe 0 0 Investments 0 Europe 0 0 Fundraising-see page 4 122735 Central Amer & Caribbean 0 0 Investments 0 0 0 386679 X 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 reimbursed by the respective board members. false Fantasy of the Opera 732640 598862 133778 60874 10850 193593 Operathon 508181 412390 95791 1034 169809 8 1524132 977429 546703 21692 339662 9778 569657 2764953 1988681 776272 21692 401570 20628 933059 1376949 -600677 false false 30920 2200 148 true 0.91000 30920 2200 148 2348 28572 IL true false true false 1.00000 Janice Shucart c/o Lyric Opera 20 N Wacker Dr Chicago IL 60606 false true 30772 true Patrick G & Shirley W Ryan Opera Center 20 North Wacker Drive Chicago IL 60606 362796630 501(c)(3) 846295 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 William Reilly Jr 147336 16383 29899 14744 208362 William Mason 434203 38500 67782 14548 555033 Susan Mathieson Mayer 176192 38500 26976 7043 248711 Richard Dowsek 252637 38500 41650 973 333760 R Brent Fisher 117629 22000 16777 13905 170311 Nicholas Martin 138829 4530 9068 16498 168925 Michael Reynolds 152553 27989 13803 194345 Michael Barker 138512 4329 26149 12895 181885 Mary L Selander 233336 38499 31315 973 304123 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 Operational support E Smith- Mg Dir Chase Invmt Bank Gp Trustee 337427 Chase-normal course of biz false C Scharf- CEO Chase Retail Fin Serv Trustee 337427 Chase-normal course of biz false W Osborn- Chairman Northern Trust Trustee 206413 Northrn Tr-norm course biz false T Jenkins- Sr Exec Harris Bankcorp Trustee 184585 Harris- normal course biz false J Gerami- Vice Pres ATT Trustee 108253 AT&T- normal course of biz false X 4000 Donor est X 1500 Donor est X 81 2082376 FMV date rec'd X Auction items 267 73914 Donor est/Appr X Wig sup/Fabric 1 4112 Donor est 1 false true false 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 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 John P. Amboian and Michael P. Cole- business relationshipPastora San Juan Cafferty and Lawrence I. Field- business relationshipMichael P. Cole and Michael W. Ferro, Jr.- business relationshipMichael P. Cole and Richard J. Franke- business relationshipMichael P. Cole and Ruth Ann M. Gillis- business relationshipJohn W. Croghan and Lawrence I. Field- business relationshipLester Crown, W. James Farrell, Michael W. Ferro, Jr. and Miles D. White- business relationshipW. James Farrell, William A. Osborn and Miles D. White- business relationshipGary E. Holdren and Miles D. White- business relationshipEdgar D. Jannotta, Richard P. Kiphart and James W. Mabie- business relationshipAndrew J. McKenna and Miles D. White- business relationshipRobert S. Morrison and David B. Speer- business relationship Kenneth G. Pigott, Charles W. Scharf and Eric S. Smith- business relationship