Lithuanian American Community Inc
- Assets
- $1.9m
- Revenue
- $639.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lemont, IL
- Founding
- 05/1989
- Data as of
- 12/2020
- EIN
- 36-3625439
Organization Overview
Lithuanian American Community Inc is located in Lemont, IL. The organization was established in 1989. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lithuanian American Community 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 12/2020, Lithuanian American Community Inc generated $639.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $499.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF LITHUANIAN LANGUAGE AND CULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY FOUR YEARS LAC ORGANIZES LITHUANIAN FOLK DANCE FESTIVALS TO CELEBRATE THE RICH TRADITIONS OF LITHUANIAN CULTURE. THE LITHUANIAN FOLK DANCE FESTIVAL IS A CULTURAL BENCHMARK OF LITHUANIANS AS NEW GENERATIONS CONTINUE TO MAINTAIN THEIR LITHUANIAN IDENTITY , CUSTOMS AND TRADITIONS. THE FIRST FESTIVAL WAS HELD IN CHICAGO IN 1957.
THE NATIONAL ORGANIZATION HAS 60 LOCAL CHAPTERS IN 27 STATES AND THE DISTRICT OF COLUMBIA. LAC PROFESSES LOYALTY TO THE UNITED STATES, UPHOLDS HUMAN AND CIVIL RIGHTS, ADVANCEMENT OF LITHUANIAN LANGUAGE AND CULTURE. DISTRICTS - ADVANCEMENT OF LITHUANIAN LANGUAGE AND CULTURE
GENERAL PROGRAM OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvydas Urbonavicius President | OfficerTrustee | 1 | $0 |
Austeja Sruoga Vice President | OfficerTrustee | 1 | $0 |
Janina Udriene Vice President | OfficerTrustee | 1 | $0 |
Algis Mikuckis Vice President | OfficerTrustee | 30 | $0 |
Marija Cyvaite Vice President | OfficerTrustee | 1 | $0 |
Inga Klimasauskiene Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,343 |
| Total Program Service Revenue | $394,322 |
| Investment income | $43,061 |
| 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 | $639,726 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $115,641 |
| Total functional expenses | $499,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,145,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $743,459 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,889,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $629,791 |
| Net assets with donor restrictions | $1,259,470 |
| 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 | $1,889,261 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lithuanian American Community Inc has recieved totaling $243,671.
| Awarding Organization | Amount |
|---|---|
Lithuanian Foundation Lemont, IL PURPOSE: DANCE AND SONG FESTIVALS, STUDENT INTERNSHIP, ADMINSTRATIVE SUPPORT, PUBLICATIONS & SPECIAL EVENTS | $180,600 |
Lithuanian Foundation Lemont, IL PURPOSE: LAC CHAPTER EVENTS & OTHER CULTURAL PROJECTS | $56,071 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |