La Grange Art League
- Assets
- $370.8k
- Revenue
- $126.8k
- Investments
- $0.0
- Employees
- 0
- Location
- La Grange, IL
- Founding
- 09/2014
- Data as of
- 04/2022
- EIN
- 36-3386068
Organization Overview
La Grange Art League is located in La Grange, IL. The organization was established in 2014. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. LA Grange Art League 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 04/2022, LA Grange Art League generated $126.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $104.9k during the year ending 04/2022. While expenses have increased by 11.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO PROMOTE THE EDUCATION AND APPRECIATION OF ART TO THE LOCAL COMMUNITY THROUGH ART CLASSES AND WORKSHOPS, VISITING ARTIST PRESENTATIONS AND ART SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Correnti Treasurer | 5 | $0 | |
John Baker Secretary | 0 | $0 | |
Kelley Clark Director | 0 | $0 | |
Jeff White President | 0 | $0 | |
Margaret Prescott Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,325 |
| Interest on Savings | $10 |
| Dividends & Interest | $0 |
| Net Rental Income | $25,439 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$51,123 |
| Other Income | $128,862 |
| Total Revenue | $126,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $276 |
| Depreciation | $6,598 |
| Occupancy | $8,231 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $233 |
| Other expenses | $84,624 |
| Total operating and administrative expenses | $102,883 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $104,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,708 |
| Savings and temporary cash investments | $107,020 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $108,788 |
| Prepaid expenses and deferred charges | $15,336 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $93,955 |
| Other assets | $0 |
| Total assets | $370,807 |
| Accounts payable and accrued expenses | $689 |
| Grants payable | $0 |
| Deferred revenue | $2,637 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,500 |
| Total liabilities | $5,826 |
Grants Awarded
Over the last fiscal year, La Grange Art League has awarded $2,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LYDIA TARTER PURPOSE: SCHOLARSHIP | $500 |
KAITLYNN EASTERDAY PURPOSE: SCHOLARSHIP | $500 |
ALLISON GUERRERO PURPOSE: SCHOLARSHIP | $500 |
AIMEE ROUNDS PURPOSE: SCHOLARSHIP | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Genetic Counselors Inc Chicago, IL | $6,031,708 | $4,172,256 |
Organization Of American Historians Bloomington, IN | $4,203,949 | $3,566,277 |
International Association Of Business Communicators Chicago, IL | $856,866 | $2,406,715 |
American Pianists Asso Inc Indianapolis, IN | $13,211,143 | $1,708,505 |
Society Of Professional Journalists Indianapolis, IN | $1,602,738 | $1,294,890 |
Maywood Fine Arts Association Maywood, IL | $3,515,801 | $1,414,903 |
Embroiderers Guild Of America Inc Louisville, KY | $3,586,074 | $656,475 |
Aia Illinois Springfield, IL | $1,612,355 | $821,664 |
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Luminarts Cultural Foundation At The Union League Club Of Chicago Chicago, IL | $2,688,483 | $1,017,926 |
American Association Of Teachers Of French Marion, IL | $5,084,375 | $658,211 |
American Institute Of Architects Kansas City, MO | $675,522 | $664,208 |