For Love & Art
- Assets
- $74.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/2013
- Data as of
- 12/2021
- EIN
- 45-3765824
Organization Overview
For Love & Art is located in Dallas, TX. The organization was established in 2013. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, 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. For Love & Art 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, For Love & Art generated $143.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $139.5k during the year ending 12/2021. While expenses have increased by 13.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ART CLASSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lombard President | 40 | $36,080 | |
Daniella R Carson Director | 10 | $18,307 | |
Kimberly S Day Director | 10 | $14,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,476 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $324 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,380 |
| Total Revenue | $143,180 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,967 |
| Professional fees and other payments to independent contractors | $38,190 |
| Occupancy, rent, utilities, and maintenance | $1,906 |
| Printing, publications, postage, and shipping | $1,344 |
| Other expenses | $23,092 |
| Total expenses | $139,499 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,032 |
| Other assets | $0 |
| Total assets | $74,367 |
| Total liabilities | $33,746 |
| Net assets or fund balances | $40,621 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that For Love & Art has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Kahn Education Foundation Dallas, TX PURPOSE: PROVIDING ART EDUCATION TO SENIOR CITIZENS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |