Lubbock Arts Alliance Inc
- Assets
- $464.0k
- Revenue
- $632.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Lubbock, TX
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 23-7015858
Organization Overview
Lubbock Arts Alliance Inc is located in Lubbock, TX. The organization was established in 1998. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lubbock Arts Alliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Arts Alliance 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 12/2021, Lubbock Arts Alliance Inc generated $632.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $611.7k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE CREATION, UNDERSTANDING, AND ENJOYMENT OF THE ARTS IN AND AROUND THE LUBBOCK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THE BEST VISUAL, PERFORMING, AND CHILDREN'S ART PROGRAMS IN A COMMUNITY-WIDE CELEBRATION OF THE ARTS BY HIGHLIGHTING LOCAL, REGIONAL, AND NATIONAL ARTISTS TO AN AUDIENCE OF OVER 20,000 INDIVIDUALS AND 2,500+ SCHOOL CHILDREN.
FOCUSED ON MAKING LUBBOCK AN "ARTS DESTINATION" FOR RESIDENTS AND VISITORS, DESIGNATED BY THE STATE OF TEXAS AS A CULTURAL DISTRICT. EFFORTS INCLUDED A COMPREHENSIVE MARKETING CAMPAIGN, WEEKLY NEWSLETTERS, A DEDICATED WEBSITE, AND COOPERATIVE PROGRAMMING. THIS PROGRAM SERVES 250 WORKING ARTISTS AND 40 ARTS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Grigsby Executive Dir. | Officer | 45 | $116,508 |
Torico Price Director | Trustee | 1 | $1,500 |
Carolina Arellanos Director | Trustee | 1 | $548 |
Steve Maines President | OfficerTrustee | 3 | $0 |
Lane Turner Treasurer | OfficerTrustee | 3 | $0 |
Beth Pennington Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $39,539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,207 |
| Total Program Service Revenue | $55,618 |
| Investment income | $4,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,508 |
| Compensation of current officers, directors, key employees. | $27,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,784 |
| Pension plan accruals and contributions | $7,787 |
| Other employee benefits | $13,065 |
| Payroll taxes | $12,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,892 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,091 |
| Office expenses | $24,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,250 |
| Insurance | $0 |
| All other expenses | $91,119 |
| Total functional expenses | $611,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,586 |
| Net Land, buildings, and equipment | $12,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,000 |
| Accounts payable and accrued expenses | $35,955 |
| Grants payable | $0 |
| Deferred revenue | $256,835 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,842 |
| Total liabilities | $297,632 |
| Net assets without donor restrictions | $166,368 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $464,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lubbock Arts Alliance Inc has recieved totaling $142,253.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of West Texas Lubbock, TX PURPOSE: 43RD ANNUAL LUBBOCK ARTS FESTIVAL | $44,500 |
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR 44TH LUBBOCK ARTS FESTIV | $42,000 |
Civic Lubbock Inc Lubbock, TX PURPOSE: TO ASSIST THE ORGANIZATION WITH ART FESTIVALS, PUBLIC ART PROJECTS AND CULTURAL DISTRICT MARKETING. | $25,729 |
Ch Foundation Lubbock, TX PURPOSE: SUPPORT FOR ARTADVENTURES EDUCATIO | $20,000 |
Welborn-Payne Endowment Trust Lubbock, TX PURPOSE: TO SUPPORT AND FOSTER THE CREATION, UNDERSTANDING AND ENJOYMENT OF THE ARTS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Arts Center Council Inc Fayetteville, AR | $96,355,253 | $44,644,953 |
Houston Arts Alliance Houston, TX | $29,688,694 | $26,121,886 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Acadiana Center For The Arts Lafayette, LA | $2,214,037 | $2,734,982 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Arts Council Of New Orleans New Orleans, LA | $1,809,882 | $2,444,435 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA | $4,710,204 | $2,512,753 |
Civic Lubbock Inc Lubbock, TX | $2,399,838 | $1,804,264 |
Artpace Inc San Antonio, TX | $4,747,624 | $2,060,315 |
Shreveport Regional Arts Council Shreveport, LA | $6,655,707 | $1,731,229 |
Rockport Art Association Inc Rockport, TX | $13,512,318 | $1,924,520 |
Odessa Council For The Arts & Humanities Odessa, TX | $326,485 | $1,125,554 |