Portland Lyric Theater in S Portland, Maine (ME)

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Portland Lyric Theater
Employer Identification Number (EIN)237376760
Name of OrganizationPortland Lyric Theater
Address176 Sawyer St, S Portland, ME 04106-2128
ActivitiesCommunity theatrical group
SubsectionEducational Organization
Ruling Date03/1983
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$100,000 to $499,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$297,467
Amount of Income$8,720
Form 990 Revenue Amount$8,720
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Theater


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Amount of income in 2014: $8,720 (it was $127,739 in 2013)
Portland Lyric Theater: 

 $8,720
Other organizations performing similar types of work: 

 $152,552

Assets in 2014: $297,467 (it was $295,599 in 2013)
This organization: 

 $297,467
Other organizations performing similar types of work: 

 $147,528

Expenses in 2013: $138,799
Portland Lyric Theater: 

 $138,799
Other organizations performing similar types of work: 

 $149,497

Income to expenses ratio in 2013: 0.1
This organization: 

 0.1
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 4.4%
Portland Lyric Theater: 

 4.4%
Other organizations performing similar types of work: 

 39.0%

Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20122013
Total revenue$126,537$127,739
Contributions, gifts, grants, and similar amounts received$7,008$5,562
Program service revenue including government fees and contracts$109,576$103,654
Membership dues and assessments$0$0
Investment income$1,944$1,470
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$5,338
Gross income from gaming$0$0
Gross income from fundraising events$0$5,338
Less: direct expenses from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$8,009$11,715
Total expenses$126,512$138,799
Total net assets$285,203$274,143
Excess/Deficit for the year$25$-11,060
Net assets or fund balances at beginning of year$286,207$285,203
Other changes in net assets or fund balances$-1,029$0
Net assets or fund balances at end of year$285,203$274,143
Balance Sheets
20122013
Total assets$314,495$295,599
Total liabilities$29,292$21,456
Net assets or fund balances$285,203$274,143
Other Information
20122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$557,242
Subtotal$557,242
Gifts, grants, contributions, and membership fees received$119,872
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$437,370
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$599,258
Public support$557,242
Subtotal$7,924
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$7,924
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$34,092
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Roundabout Theatre Company Inc231 West 39th St Suite 1200, New York, NY 10018-1070NY1965-10$105,274,806
2Royal ShakespeareWarwickshire United Ki Cv37 6bb, United Kingdominternational1981-10$98,332,135
3Guthrie Theatre Foundation818 S 2nd St, Minneapolis, MN 55415-1252MN1962-07$58,167,419
4Vivian Beaumont Theater Inc, Lincoln Center Theater150 W 65th Street, New York, NY 10023-6916NY1979-12$51,994,528
5Center Theatre Group Of Los Angeles601 W Temple St, Los Angeles, CA 90012-2621CA1966-03$50,715,000
6Stratford Shakespearean Festival Foundation Of Canada, Stratford Shakespeare Festival Stratford Festival Of CanadaPo Box 520 55 Queen Street, Stratfordinternational1959-10$39,512,637
7Oregon Shakespeare Festival AssociationPO BOX 158, Ashland, OR 97520-0158OR1939-06$37,715,525
8Chicago Theatre Group Inc170 N Dearborn St, Chicago, IL 60601-3205IL1977-03$35,769,330
9Alley Theatre615 Texas St, Houston, TX 77002-2710TX1950-08$29,956,218
10Washington Drama Society Inc1101 6th St Sw, Washington, DC 20024-2605DC1960-11$29,113,310
11Maine State Music Theatre22 Elm St, Brunswick, ME 04011-2402ME1979-02$3,791,975
12Portland Stage Company Inc25aforestavenue, Portland, ME 04101ME1975-07$2,020,360
13Penobscot Theatre Company115 Main St Fl 4, Bangor, ME 04401-6362ME1984-08$891,663
14Curtain Up Enterprises Inc, Lakewood TheatrePO BOX 331, Skowhegan, ME 04976-0331ME1986-12$535,435
15Lincoln County Community Theater And Orchestra, Roderick Craib TreasurerPO BOX 237, Damariscotta, ME 04543-0237ME1986-07$276,114
16Johnson Hall IncPO BOX 777, Gardiner, ME 04345-0777ME1989-01$192,019
17Portland Players Inc420 Cottage Rd, S Portland, ME 04106-4921ME1964-12$191,398
18Community Little Theatre CorpPO BOX 262, Auburn, ME 04212-0262ME1977-03$173,527
19Belfast Maskers17 Banks Ter, Searsport, ME 04974-3567ME1991-01$53,465
20Camden Civic TheatrePO BOX 362, Camden, ME 04843-0362ME1995-10$14,737
Number of organizations performing similar types of work
Alaska10
Alabama15
Arkansas9
Arizona17
California250
Colorado32
Connecticut39
District of Columbia11
Delaware8
Florida82
Georgia35
Hawaii8
Iowa25
Idaho8
Illinois90
Indiana44
Kansas11
Kentucky25
Louisiana18
Massachusetts70
Maryland31
Maine17
Michigan54
Minnesota44
Missouri29
Mississippi10
Montana7
North Carolina40
North Dakota6
Nebraska13
New Hampshire15
New Jersey62
New Mexico15
Nevada4
New York224
Ohio60
Oklahoma21
Oregon46
Pennsylvania94
Rhode Island11
South Carolina26
South Dakota6
Tennessee14
Texas102
Utah10
Virginia38
Vermont16
Washington57
Wisconsin41
West Virginia6
Wyoming2
International5
Total1,933

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