Lute Society Of America Inc
- Assets
- $383.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Natick, MA
- Founding
- 09/1984
- Data as of
- 03/2024
- EIN
- 04-2795467
Organization Overview
Lute Society Of America Inc is located in Natick, MA. The organization was established in 1984. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lute Society Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Lute Society Of America Inc generated $120.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $83.2k during the year ending 03/2024. While expenses have increased by 11.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF THE LUTE IN AMERICA AND TO THE INTERNATIONAL COMMUNITY
Describe the Organization's Program Activity:
Part 3
LUTE SEMINAR
LSA PUBLICATIONS: 4 NEWSLETTERS AND 1 JOURNAL
OTHER SERVICES RELATED TO THE LUTE INCLUDING A RENTAL PROGRAM, BOOK AND CD SALES, AND A MICROFILM LIBRARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Liddell Vice President | 5 | $0 | |
Mark Rimple Vice President | 5 | $0 | |
Garald Farnham Treasurer | 4 | $0 | |
Neal Shipe Clerk | 2 | $0 | |
Jimmy Mora Director | 1 | $0 | |
Loudon Schuett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,200 |
| Total Program Service Revenue | $68,231 |
| Membership dues | $38,370 |
| Investment income | $976 |
| Gain or Loss | $1,890 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,667 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,501 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,746 |
| Total expenses | $83,247 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,609 |
| Other assets | $0 |
| Total assets | $383,140 |
| Total liabilities | $58,934 |
| Net assets or fund balances | $324,206 |