Lubbock Arts Alliance Inc
- Assets
- $763.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Lubbock, TX
- Founding
- 06/1998
- Data as of
- 12/2023
- 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 12/2023, Lubbock Arts Alliance Inc employed 6 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 12/2023, Lubbock Arts Alliance Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $746.0k during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
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 | $125,000 |
Steve Maines President | OfficerTrustee | 3 | $40,000 |
Carolina Arellanos Director | Trustee | 1 | $2,175 |
Torico Price Director | Trustee | 1 | $0 |
Ben Davidson Past President | Trustee | 1 | $0 |
Beth Pennington Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,982 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $799,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,763 |
| Total Program Service Revenue | $151,044 |
| Investment income | $9,519 |
| 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 | $1,002,326 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,300 |
| Pension plan accruals and contributions | $9,524 |
| Other employee benefits | $14,317 |
| Payroll taxes | $13,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,742 |
| Office expenses | $29,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,736 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,356 |
| Insurance | $0 |
| All other expenses | $47,438 |
| Total functional expenses | $745,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,012 |
| 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 | $59,779 |
| Net Land, buildings, and equipment | $24,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $763,669 |
| Accounts payable and accrued expenses | $22,374 |
| Grants payable | $0 |
| Deferred revenue | $288,969 |
| 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 | $0 |
| Total liabilities | $311,343 |
| Net assets without donor restrictions | $452,326 |
| 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 | $763,669 |