Low Key Arts Incorporated
- Assets
- $114.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Hot Springs, AR
- Founding
- 02/2008
- Data as of
- 12/2023
- EIN
- 20-4093585
Organization Overview
Low Key Arts Incorporated is located in Hot Springs, AR. The organization was established in 2008. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Low Key Arts Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Low Key Arts Incorporated 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 12/2023, Low Key Arts Incorporated generated $156.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $193.5k during the year ending 12/2023. While expenses have increased by 8.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ARTS IN HOT SPRINGS AR
Describe the Organization's Program Activity:
Part 3
LOW KEY ARTS PROVIDED MUSIC FESTIVAL AND SPONSORED A LOCAL FILM FESTIVAL
LOW KEY ARTS PROVIDED MUSIC FESTIVAL AND SPONSORED A LOCAL FILM FESTIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonny Kay Executive Di | 0 | $36,000 | |
Brent Carroll Treasurer | 0 | $0 | |
Annie Gerber Secretary | 0 | $0 | |
Rob Cox Vice Preside | 0 | $0 | |
Cheryl Roorda President/bo | 0 | $0 | |
Robert Nixon Artistic Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,496 |
| Total Program Service Revenue | $106,965 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,546 |
| Other Revenue | $0 |
| Total Revenue | $156,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,864 |
| Professional fees and other payments to independent contractors | $3,840 |
| Occupancy, rent, utilities, and maintenance | $16,748 |
| Printing, publications, postage, and shipping | $4,670 |
| Other expenses | $83,392 |
| Total expenses | $193,514 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,944 |
| Other assets | $0 |
| Total assets | $113,963 |
| Total liabilities | $10,709 |
| Net assets or fund balances | $103,254 |