Nonprofit · EIN 52-6080460
LYRIC FOUNDATION INC
Tax-exempt · BALTIMORE, MD 21201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,752,695 | $15,278,391 | -$1,525,696 | $18,688,384 | $6,812,279 | $11,876,105 |
| June 30, 2024 | 990 | $14,239,715 | $14,987,713 | -$747,998 | $18,299,837 | $5,287,427 | $13,012,410 |
| June 30, 2023 | 990 | $9,818,271 | $9,883,289 | -$65,018 | $22,226,755 | $8,823,082 | $13,403,673 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,180,235
- of which government grants
- $927,564
- Program service revenue
- $12,043,595
- Investment income
- $102,377
- Other revenue
- $426,488
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $207,803
- Other salaries and wages
- $663,431
- Salaries, compensation and benefits (total)
- $1,191,560
- Professional fundraising fees
- $0
- Travel
- $45,110
- Depreciation
- $711,593
- Program services (functional)
- $14,286,927
- Management and general (functional)
- $721,425
- Fundraising (functional)
- $270,039
Balance sheet and other
- Total assets, start of year
- $18,299,837
- Total assets, end of year
- $18,688,384
- Total liabilities, end of year
- $6,812,279
- Net assets, end of year
- $11,876,105
- Land, buildings and equipment
- $12,617,849
- Net assets without donor restrictions
- $11,802,297
- Net assets with donor restrictions
- $73,808
- Gross receipts
- $13,752,695
- Employees
- 5
- Volunteers
- 20
- Year formed
- 1968
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jonathan Schwartz Jan - Aug | Executive Director Highest-paid employee | 40 | $127,627 | $0 |
| Thomas Bailey | CEO and General Manager Officer | 40 | $80,175 | $3,462 |
| Stephen Palmer | Chairman Trustee or director, Officer | 10 | $0 | $0 |
| Jacqueline Brooks | Vice-Chairman Trustee or director, Officer | 5 | $0 | $0 |
| Bryant Cargile | Treasurer Trustee or director, Officer | 10 | $0 | $0 |
| Marriah Barnett | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Violet Apple | Trustee Trustee or director | 1 | $0 | $0 |
| Anirban Basu | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Brennan | Trustee Trustee or director | 3 | $0 | $0 |
| John Denick | Trustee Trustee or director | 1 | $0 | $0 |
| Tyler Hoffberger | Trustee Trustee or director | 3 | $0 | $0 |
| Rick Hyman | Trustee Trustee or director | 3 | $0 | $0 |
| Dr Brenda Bowe Johnson | Trustee Trustee or director | 3 | $0 | $0 |
| Julie Mercer | Trustee Trustee or director | 1 | $0 | $0 |
| Cleaveland Miller | Trustee Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Morrison | Trustee Trustee or director | 3 | $0 |
| Matt Newcomer | Trustee Trustee or director | 3 | $0 |
| Jeffrey Penza | Trustee Trustee or director | 5 | $0 |
| Sarah Sawyer | Trustee Trustee or director | 1 | $0 |
| James Temple | Trustee Trustee or director | 3 | $0 |
| Hal Turner | Trustee Trustee or director | 3 | $0 |
| David Witherspoon | Trustee Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR JONATHAN SCHWARTZ | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $137,986 | $15,432 |
| MR JOHN H DENICK ESQUIRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JEFFREY PENZA | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MR MATT NEWCOMER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MRS VIOLET APPLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR BRENDA BOWE JOHNSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MR CLEAVELAND MILLER ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR STEPHEN D PALMER | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| MRS MARRIAH BARNETT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MR MICHAEL BRENNAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MR DAVID WITHERSPOON MBA AVA | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MRS JACQUELINE BROOKS | VICE-CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MR BRYANT CARGILE | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| MR RICK HYMAN | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MRS JULIE MERCER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ANIRBAN BASU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR HAL TURNER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MRS SARAH SAWYER ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JAMES TEMPLE ESQ | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MR TYLER HOFFBERGER | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MR DAVID MORRISON | TRUSTEE Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR JONATHAN SCHWARTZ | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $109,100 | $24,565 |
| MR JOHN H DENICK ESQUIRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JEFFREY PENZA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR MATT NEWCOMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS VIOLET APPLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR BRENDA BOWE JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR CLEAVELAND MILLER ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR STEPHEN D PALMER | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MRS MARRIAH BARNETT | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MR MICHAEL BRENNAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR DAVID WITHERSPOON MBA AVA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS JACQUELINE BROOKS | VICE-CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| MR BRYANT CARGILE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| MR RICK HYMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS JULIE MERCER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR ANIRBAN BASU | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR HAL TURNER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MRS SARAH SAWYER ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR JAMES TEMPLE ESQ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR TYLER HOFFBERGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MR DAVID MORRISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 W MOUNT ROYAL AVE, BALTIMORE, MD 21201-5714
- Principal officer (990 for 2024)
- Thomas Bailey, 110 West Mount Royal Avenue 101, Baltimore, MD 21201
- Signed the 990
- Thomas Bailey, CEO and General Manager
- Phone
- (410) 900-1155
- Website
- https://lyricbaltimore.com/
- Return prepared by
- Aprio Advisory Group LLC
Mission
The preservation and operation of the Lyric as a historic monument and for the advancement of the performing arts.
Program accomplishments
- The preservation and operation of the Lyric for the advancement of the performing arts.Expenses $14,286,927 · revenue $12,470,083
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-6080460
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A61I)
- Assets (IRS master file)
- $18,688,384
- Income (IRS master file)
- $13,752,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,752,695 | $15,278,391 | $18,688,384 | IRS |
| 990 | June 2024 | $14,239,715 | $14,987,713 | $18,299,837 | XML |
| 990 | June 2023 | $9,818,271 | $9,883,289 | $22,226,755 | XML |
| 990 | June 2022 | $9,096,246 | $8,152,016 | $18,897,043 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-6080460).
Questions about LYRIC FOUNDATION INC
- What is the EIN of LYRIC FOUNDATION INC?
- The employer identification number (EIN) of LYRIC FOUNDATION INC is 52-6080460.
- Is LYRIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to LYRIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LYRIC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LYRIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LYRIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LYRIC FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Thomas Bailey.
- Who are the officers and directors of LYRIC FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 2 received compensation from the organization, the highest $127,627 (Jonathan Schwartz Jan - Aug, Executive Director).
- How much revenue does LYRIC FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,752,695, expenses of $15,278,391 and total assets of $18,688,384 at year end.
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