Form 990 for tax year 2022
Filed by BOSTON LYRIC OPERA COMPANY INC.
Totals
- Total revenue
- $10,610,120
- Total expenses
- $10,057,820
- Contributions and grants received
- $9,337,471
- Grants paid
- $0
- Program service revenue
- $704,223
- Investment income
- $489,849
- Other revenue
- $78,577
- Total assets, end of year
- $23,261,747
- Total liabilities, end of year
- $2,850,181
- Net assets or fund balances, end of year
- $20,411,566
- Program services expenses (Part IX)
- $6,966,094
- Management and general expenses
- $2,251,967
- Fundraising expenses
- $839,759
- Program service expenses (Part III)
- $6,966,094
Program services were 69.3% 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.
-
1f · All other contributions, gifts and grants
$9,337,471
-
1g · Noncash contributions included above
$733,216
-
2a · Program service revenue: TICKET SALES
total $699,622 · related or exempt $699,622
-
2b · Program service revenue: BROADCAST REVENUE
total $4,601 · related or exempt $4,601
-
3 · Investment income
total $413,773 · excluded $413,773
-
7a · Gross sales of assets other than inventory
securities $1,376,983
-
7b · Less cost or other basis and sales expenses
securities $1,300,907
-
7c · Gain or loss
securities $76,076
-
7d · Net gain or loss
total $76,076 · excluded $76,076
-
11a · Other revenue: OTHER INCOME
total $78,577 · related or exempt $78,577
-
11e · Other revenue, total
$78,577
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $379,589 · program services $284,062 · management and general $55,969 · fundraising $39,558
-
7 · Other salaries and wages
total $3,569,962 · program services $2,671,548 · management and general $526,382 · fundraising $372,032
-
8 · Pension plan contributions
total $15,250 · program services $11,560 · management and general $2,383 · fundraising $1,307
-
9 · Other employee benefits
total $366,520 · program services $277,916 · management and general $57,354 · fundraising $31,250
-
10 · Payroll taxes
total $305,887 · program services $179,175 · management and general $90,795 · fundraising $35,917
-
11f · Fees: investment management
total $72,013 · management and general $72,013
-
11g · Fees: other
total $1,973,802 · program services $923,525 · management and general $860,851 · fundraising $189,426
-
12 · Advertising and promotion
total $172,459 · program services $159,944 · management and general $12,515
-
13 · Office expenses
total $303,880 · program services $232,922 · management and general $49,499 · fundraising $21,459
-
14 · Information technology
total $222,102 · program services $36,406 · management and general $173,351 · fundraising $12,345
-
15 · Royalties
total $34,485 · program services $34,027 · management and general $158 · fundraising $300
-
16 · Occupancy
total $1,495,577 · program services $1,306,386 · management and general $84,845 · fundraising $104,346
-
17 · Travel
total $429,203 · program services $362,177 · management and general $43,918 · fundraising $23,108
-
19 · Conferences, conventions and meetings
total $16,804 · program services $5,055 · management and general $10,126 · fundraising $1,623
-
20 · Interest
total $21,804 · management and general $21,804
-
22 · Depreciation, depletion and amortization
total $147,230 · program services $133,023 · management and general $14,207
-
23 · Insurance
total $101,260 · program services $52 · management and general $101,208
-
24a · Other expenses: MISCELLANEOUS
total $429,993 · program services $348,316 · management and general $74,589 · fundraising $7,088
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,857,903 · end of year $318,330
-
2 · Savings and temporary cash investments
beginning of year $30,594 · end of year $30,613
-
3 · Pledges and grants receivable
beginning of year $2,543,163 · end of year $5,636,236
-
4 · Accounts receivable
beginning of year $435,536 · end of year $251,083
-
9 · Prepaid expenses and deferred charges
beginning of year $304,876 · end of year $144,570
-
10a · Land, buildings and equipment: cost or other basis
$613,821
-
10b · Land, buildings and equipment: accumulated depreciation
$522,856
-
10c · Land, buildings and equipment, net
beginning of year $75,283 · end of year $90,965
-
11 · Investments: publicly traded securities
beginning of year $15,015,257 · end of year $15,563,399
-
15 · Other assets
beginning of year $130,641 · end of year $1,226,551
-
17 · Accounts payable and accrued expenses
beginning of year $601,279 · end of year $668,031
-
19 · Deferred revenue
beginning of year $315,369 · end of year $420,188
-
23 · Secured mortgages and notes payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
beginning of year $108,943 · end of year $1,611,962
-
27 · Net assets without donor restrictions
beginning of year $2,024,713 · end of year -$990,265
-
28 · Net assets with donor restrictions
beginning of year $17,192,949 · end of year $21,401,831
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
BLO IS A MASSACHUSETTS NONPROFIT INSTITUTION INCORPORATED IN 1976. BLO IS NEW ENGLAND'S LARGEST AND LONGEST ESTABLISHED OPERA COMPANY. CELEBRATED FOR ITS ARTISTIC EXCELLENCE AND DIVERSE REPERTOIRE, BLO'S MISSION IS TO BUILD CURIOSITY, ENTHUSIASM AND SUPPORT FOR OPERA BY CREATING MUSICALLY AND THEATRICALLY COMPELLING PRODUCTIONS AND EVENTS, AND TO PROVIDE EDUCATIONAL RESOURCES FOR THE BOSTON COMMUNITY AND BEYOND.BLO'S LONG-TERM SUCCESS IS ROOTED IN ITS COMMITMENT TO OFFERING THE HIGHEST CALIBER PRODUCTIONS OF BOTH CLASSIC AND CONTEMPORARY OPERAS; PROVIDING AN INTERNATIONALLY RENOWNED PLATFORM ON WHICH EMERGING ARTISTS CAN GROW AND DEVELOP; ENGAGING NEW AND DIVERSE AUDIENCES. THROUGH INNOVATIONS IN TECHNOLOGY, OURTEACH AND STRATEGIC COMMUNICATIONS; AND BY OFFERING COLLABORATIVE EDUCATION AND COMMUNITY EVENTS BOTH ON ITS OWN AND IN PARTNERSHIP WITH OTHER WORLD-LEADING, BOSTON-BASED CULTURAL INSTITUTIONS. THROUGH THE WHOLE OF ITS EFFORTS, BLO ACHIEVES ITS MISSION BY ENSURING THE AVAILABILITY AND ACCESSIBILITY OF ONE OF THE WORLD'S GREATEST AND OLDEST ART FORMS FOR GENERATIONS TO COME.EACH SEASON, BLO REACHES ANNUAL AUDIENCES OF MORE THAN 20,000 PEOPLE THROUGH THE PRESENTATION OF FOUR ON-STAGE PRODUCTIONS AND A VARIETY OF COMMUNITY OUTREACH PROGRAMS. IN FISCAL YEAR 2023, BLO PRESENTED LIVE PERFORMANCES ON ITS STREET STAGE AT LOCATIONS AROUND THE GREATER BOSTON AREA.
Expenses $6,871,933 · Revenue $782,800
-
BLO'S EDUCATION AND COMMUNITY PROGRAMS ARE CENTRAL TO BLO'S MISSION OF ENGAGING NEW AND DIVERSE AUDIENCES IN THE LIVING ART OF OPERA. BLO'S PROGRAMS PROVIDE VALUABLE LEARNING AND CURRICULUM RESOURCES FOR TEACHERS AT ALL LEVELS; ENGAGE FAMILIES, YOUNG ADULTS AND UNDERREPRESENTED GROUPS; AND CREATE LINKAGES WITH OTHER VITAL ART FORMS, INCLUDING THEATER, CLASSICAL MUSIC, DANCE, THE VISUAL ARTS AND BEYOND. THROUGH EDUCATIONAL PROGRAMS AND PARTNERSHIP PROGRAMS, BLO COLLABORATES ACROSS A BROAD SPECTRUM TO TAKE OPERA DEEPER INTO THE FABRIC OF THE LOCAL COMMUNITY AND BEYOND.
Expenses $94,161
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael J PuzoMICHAEL J PUZO
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Miguel De BragancaMIGUEL DE BRAGANCA
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Susan W JacobsSUSAN W JACOBS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Irving H PlotkinDR IRVING H PLOTKIN
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Wayne DavisWAYNE DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willa BodmanWILLA BODMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda Cabot BlackLINDA CABOT BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alicia CooneyALICIA COONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan DynnerALAN DYNNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew EisenbergANDREW EISENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mimi HewlettMIMI HEWLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amelia Welt KatzenAMELIA WELT KATZEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria J KrokidasMARIA J KROKIDAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine BassickCATHERINE BASSICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Abigail B MasonABIGAIL B MASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
A Neil PappalardoA NEIL PAPPALARDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
E Lee PerryE LEE PERRY
DIRECTOR THROUGH 03/2023
- Total calculated
- $0
- Hours/week
- 1
-
David W ScudderDAVID W SCUDDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray StataRAY STATA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne M MorganANNE M MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy FulhamTIMOTHY FULHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vincent D RougeauVINCENT D ROUGEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa HillenbrandLISA HILLENBRAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex SenchakALEX SENCHAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bradley A VernatterBRADLEY A VERNATTER
GENERAL ARTISTIC DIRECTOR AND CEO
- Total calculated
- $194,814
- From this org
- $187,084
- From related orgs
- $0
- Other
- $7,730
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,084
- Bonus
- $0
- Other
- $0
- Deferred
- $2,046
- Nontaxable benefits
- $5,684
- Filer's total
- $194,814
-
David A TompkinsDAVID A TOMPKINS
CHIEF OPERATING OFFICER
- Total calculated
- $105,698
- From this org
- $104,923
- From related orgs
- $0
- Other
- $775
- Hours/week
- 40
-
Sara C O'BrienSARA C O'BRIEN
SENIOR DIRECTOR OF PUBLIC ENGAGEMENT
- Total calculated
- $103,474
- From this org
- $100,833
- From related orgs
- $0
- Other
- $2,641
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349308414
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