Nonprofit · EIN 54-1725250
THE LYRIC COUNCIL INC
Tax-exempt · BLACKSBURG, VA 24063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $535,284 | $516,909 | $18,375 | $689,975 | $7,492 | $682,483 |
| December 31, 2023 | 990 | $376,411 | $431,502 | -$55,091 | $720,958 | $24,450 | $696,508 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $229,562
- Membership dues
- $58,933
- Program service revenue
- $268,374
- Investment income
- $6,149
- Net income from sales of inventory
- $31,199
- Other revenue
- $31,199
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $176,426
- Salaries, compensation and benefits (total)
- $189,919
- Professional fundraising fees
- $0
- Accounting fees
- $7,845
- Occupancy
- $26,785
- Depreciation
- $42,499
- Program services (functional)
- $307,708
- Management and general (functional)
- $182,054
- Fundraising (functional)
- $27,147
Balance sheet and other
- Total assets, start of year
- $720,958
- Total assets, end of year
- $689,975
- Total liabilities, end of year
- $7,492
- Net assets, end of year
- $682,483
- Land, buildings and equipment
- $278,414
- Net assets without donor restrictions
- $513,800
- Net assets with donor restrictions
- $168,683
- Gross receipts
- $552,815
- Employees
- 12
- Volunteers
- 200
- Year formed
- 1995
- State of legal domicile
- VA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH DAVIS | EXECUTIVE DIRECTOR Officer | 40 | $72,400 |
| SUSAN WINFREY | CHAIR Trustee or director, Officer | 2 | $0 |
| RANDY STITH | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| DIANA FRANCIS | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON POSPICHAL | TREASURER Trustee or director, Officer | 1 | $0 |
| HARVEY BARKER | DIRECTOR Trustee or director | 1 | $0 |
| STEVE BEATTY | DIRECTOR Trustee or director | 2 | $0 |
| VICTORIA COCHRAN | DIRECTOR Trustee or director | 1 | $0 |
| ROB KUCZMARSKI | DIRECTOR Trustee or director | 2 | $0 |
| SKIP SLOCUM | DIRECTOR Trustee or director | 1 | $0 |
| KIM CARLSON | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN WILLS | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA NELSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH DAVIS | EXECUTIVE DIRECTOR (CURRENT) Officer | 40 | $41,789 |
| SUSAN MATTINGLY | EXECUTIVE DIRECTOR (PRIOR) Officer | 40 | $27,955 |
| KIM CARLSON | CHAIR Trustee or director, Officer | 2 | $0 |
| KEVIN WILLS | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| VICTORIA COCHRAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JASON POSPICHAL | TREASURER Trustee or director, Officer | 1 | $0 |
| HARVEY BARKER | DIRECTOR Trustee or director | 1 | $0 |
| STEVE BEATTY | DIRECTOR Trustee or director | 2 | $0 |
| TOM DINGUS | DIRECTOR Trustee or director | 1 | $0 |
| DIANA FRANCIS | DIRECTOR Trustee or director | 1 | $0 |
| ROB KUCZMARSKI | DIRECTOR Trustee or director | 2 | $0 |
| SKIP SLOCUM | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN WINFREY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 665, BLACKSBURG, VA 24063-0665
- Principal officer (990 for 2024)
- SETH DAVIS, PO BOX 665, BLACKSBURG, VA 24063
- Signed the 990
- SETH DAVIS, EXECUTIVE DIRECTOR
- Phone
- (540) 951-4771
- Website
- WWW.THELYRIC.COM
- Return prepared by
- MCMILLION & MCMILLION PC
Mission
SEE SCHEDULE O
Program accomplishments
- ENHANCE COMMUNITY PARTICIPATION IN ARTS AND CULTURE BY MAINTAINING AND PRESERVING THE LYRIC THEATRE AND ESTABLISHING AND PROMOTING BLACKSBURG, VIRGINIA AS AN ARTS DESTINATION FOR THE REGION.Expenses $307,708 · revenue $299,573
- TO FOSTER AND PROMOTE ARTS AND CULTURE IN THE NEW RIVER VALLEY BY PROVIDING: VISIBILITY FOR REGIONAL ARTS ORGANIZATIONS; INFORMATION ON ARTS AND CULTURAL EVENTS; SPACE TO SHARE RESOURCES, BUILD NETWORKS, AND FACILITATE COMMUNICATION.0
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1725250
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A610)
- Assets (IRS master file)
- $689,975
- Income (IRS master file)
- $552,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $535,284 | $516,909 | $689,975 | IRS |
| 990 | December 2023 | $376,411 | $431,502 | $720,958 | XML |
| 990 | December 2022 | $304,549 | $395,633 | $796,421 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 54-1725250).
Questions about THE LYRIC COUNCIL INC
- What is the EIN of THE LYRIC COUNCIL INC?
- The employer identification number (EIN) of THE LYRIC COUNCIL INC is 54-1725250.
- Is THE LYRIC COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE LYRIC COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LYRIC COUNCIL 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 THE LYRIC COUNCIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE LYRIC COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE LYRIC COUNCIL INC?
- The 990 for the year ended December 31, 2024 names SETH DAVIS.
- Who are the officers and directors of THE LYRIC COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $72,400 (SETH DAVIS, EXECUTIVE DIRECTOR).
- How much revenue does THE LYRIC COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $535,284, expenses of $516,909 and total assets of $689,975 at year end.
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