Lyrica Baroque

Nonprofit profile at a glance

EIN
475272289
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2018
Location
New Orleans, LA, USA
Phone
5042204605
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Music Groups, Bands, Ensembles

Official website

Reported finances

Revenue
$111,899
Expenses
$108,355
Assets
$26,098
Liabilities
$1,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JAREN ATHERHOLT (EXECUTIVE DIRECTOR)
  • SHELTON SHUGAR (PRESIDENT)
  • DAVID LEVY (VICE PRESIDENT)
  • DWIGHT R MCGHEE (IMMEDIATE PAST PRESIDENT)

People named in this filing

  • JAREN ATHERHOLT (EXECUTIVE DIRECTOR)
  • SHELTON SHUGAR (PRESIDENT)
  • DAVID LEVY (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of lyrica baroque is to support a diverse community of students, teachers, artists, institutions and audiences of all ages through education, collaboration and performance. Lyrica baroque seeks to promote the extraordinary classical musical history of new orleans by performing accessible chamber music at the highest level of artistic excellence.

What it reported doing in 2024

Lyrica baroque's core values include the deep belief that classical chamber music performed at the highest level of artistic excellence has the power to ignite, uplift and heal communities, exposing each of us to our innermost selves and humanness. The organization has had many memorable concerts since its inception, including performances at the university of new orleans, esplanade studios, the ursuline convent in the french quarter, multiple gulf south tours, longue vue house and gardens, the university of new orleans and at chautauqua institution in New York. Lyrica baroque has had a long partnership with christ church cathedral, presenting a free winter concert to new orleans each year for the past eight years attracting audiences of over 400 each year. This performance is supported by the new orleans jazz and heritage foundation and inspires families to attend concerts who might not be able to afford other classical music holiday concerts being presented in the city. We also present a summer concert each year bringing together world-renowned guest artists with celebrated local new orleans artists. Our summer concert annually draws a crowd of approximately 300 people. Covid performances included our first ever livestream of our winter concert from the university of new orleans and an outdoor concert featuring latin american musicians and chamber music. Other highlights include a performance with the grammy award winning harlem quartet, a side-by-side community concert with students and teachers at the marigny opera house, and the new orleans premiere of isabella leonarda's sonata terza. In 2024 we commissioned new music for the first time from latinx composers for our multicultural sounds of Louisiana project. The project culminated in a side-by-side concert with students and professional musicians at the new marigny theatre and included the world premiere's of two brand new chamber works. Lyrica baroque's performances and community engagement projects currently reach elementary, middle school, high school, college students, and adult amateur musicians representing all races, economic status, genders, and ethnicities.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.6%; rating input score 72
  • Program expense ratio: 73.9%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 14.1% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 11.7% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 16% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 71.6% of revenue deployed · 73.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $80K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.