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Nonprofiteer
← THELMA GAYLORD LYRIC THEATRE ENDOWMENT FUND INC

Form 990 for tax year 2023

Filed by THELMA GAYLORD LYRIC THEATRE ENDOWMENT FUND INC.

Totals

Total revenue
$138,351
Total expenses
$238,748
Contributions and grants received
$0
Grants paid
$210,441
Program service revenue
$0
Investment income
$138,351
Other revenue
$0
Total assets, end of year
$4,882,906
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,882,906
Program services expenses (Part IX)
$210,441
Management and general expenses
$28,307
Fundraising expenses
$0
Program service expenses (Part III)
$210,441

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $138,351 · excluded $138,351

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,441 · program services $210,441

  • 11f · Fees: investment management

    total $28,307 · management and general $28,307

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $364,114 · end of year $198,250

  • 7 · Other notes and loans receivable

    end of year $999,992

  • 13 · Investments: program-related

    beginning of year $4,049,314 · end of year $3,684,664

  • 28 · Net assets with donor restrictions

    beginning of year $4,413,428 · end of year $4,882,906

Mission and programs · 2023

Mission

THE THELMA GAYLORD LYRIC THEATRE ENDOWMENT FUND WAS ESTABLISHED AS A SEPARATE FOUNDATION FOR THE FINANCIAL SUPPORT OF LYRIC THEATRE. THE PURPOSES OF THE ENDOWMENT FUND ARE: A. TO ESTABLISH AND ADMINISTER A MONETARY FUND TO BE USED FOR LYRIC THEATRE AND ITS EDUCATIONAL AND BENEVOLENT PROJECTS AS WELL AS PROMOTE LYRIC THEATRE'S PURPOSES. B. TO PROVIDE FUNDS FOR ADDITIONS AND IMPROVEMENTS TO THE REAL AND PERSONAL PROPERTY OF LYRIC THEATRE AND FOR THE REPAIRS AND MAINTENANCE OF LYRIC THEATRE PROPERTY. C. TO PROMOTE, ENCOURAGE AND ENHANCE BENEVOLENT GIVING BY THE PATRONS OF LYRIC THEATRE AND OTHERS BY THE SOLICITATION, ACCEPTANCE, AND RECEIPT OF CONTRIBUTIONS FROM INDIVIDUALS AND OTHERS TO BE USED BY THE ORGANIZATION IN THE FURTHERENCE OF LYRIC THEATRE'S PURPOSES. D. TO PROVIDE AN ENTITY TO WHICH THE PRESENT AND FUTURE ENDOWMENT FUNDS OF LYRIC THEATRE MAY BE TRANSFERRED FOR INVESTMENT AND ADMINISTRATION IN CONFORMITY WITH THE CHARITABLE, THEATRE AND EDUCATIONAL PURPOSES OF LYRIC THEATRE.

  • THE ORGANIZATION TRANSFERRED THE EARNINGS OF ITS ENDOWED FUNDS TO LYRIC THEATRE OF OKLAHOMA, INC., A 501(C)(3) ORGANIZATION TO HELP SUPPORT THE OPERATIONS OF THE THEATRE.

    Expenses $210,441 · Grants $210,441

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Austin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Randy Compton

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • David Dobson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sarah Fisher

    PAST PRES. L

    Total calculated
    $0
    Hours/week
    2

  • Blake Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert McKown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Richard Riggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carl Shortt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jon Trudgeon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202433189349304118

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