Lux Center For The Arts
- Assets
- $2.4m
- Revenue
- $746.2k
- Investments
- $148.6k
- Employees
- 20
- Location
- Lincoln, NE
- Founding
- 06/1981
- Data as of
- 06/2021
- EIN
- 47-0629528
Organization Overview
Lux Center For The Arts is located in Lincoln, NE. The organization was established in 1981. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lux Center For The Arts employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lux Center For The Arts 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 06/2021, Lux Center For The Arts generated $746.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $611.7k during the year ending 06/2021. While expenses have increased by 8.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF LUX CENTER FOR THE ARTS IS TO PROMOTE AND HELP ACHIEVE A GREATER UNDERSTANDING AND APPRECIATION OF ART BY PROVIDING A WIDE VARIETY OF QUALITY ART SHOWN IN A PROFESSIONAL ATMOSPHERE FOR THE ENJOYMENT OF THE COMMUNITY AND FOR THE BENEFIT AND INSTRUCTION OF STUDENTS OF THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED VISUAL ARTS LEARNING OPPORTUNITIES FOR THE PUBLIC: ART CLASSES FOR YOUTH AND ADULTS; ARTISTS' LECTURES; ART OF FINE CRAFT CONFERENCE; GALLERY TOURS; AND COLLABORATED WITH OTHER ORGANIZATIONS TO OFFER HANDS-ON-ART PROJECTS. CONTINUED TO PRESERVE LUX COLLECTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Shaw Executive Director | Officer | 40 | $62,401 |
Katie Joseph President | OfficerTrustee | 1 | $0 |
Connie Soucie Vice-Chair | OfficerTrustee | 1 | $0 |
Kenneth Koop Treasurer | OfficerTrustee | 1 | $0 |
Shawn Ryba Vice-Chair | OfficerTrustee | 1 | $0 |
Alexandara Roth Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $12,621 |
| Membership dues | $14,466 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,606 |
| Total Program Service Revenue | $147,583 |
| Investment income | $1,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,801 |
| Net Income from Fundraising Events | $34,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,199 |
| 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. | $61,888 |
| Compensation of current officers, directors, key employees. | $12,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,847 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,244 |
| Payroll taxes | $27,909 |
| 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 | $5,834 |
| Advertising and promotion | $23,359 |
| Office expenses | $13,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,770 |
| Travel | $0 |
| 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 | $75,410 |
| Insurance | $14,559 |
| All other expenses | $8,162 |
| Total functional expenses | $611,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,580 |
| Prepaid expenses and deferred charges | $4,720 |
| Net Land, buildings, and equipment | $1,459,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $148,556 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,398 |
| Total assets | $2,353,211 |
| Accounts payable and accrued expenses | $6,366 |
| 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 | $29,955 |
| Total liabilities | $36,321 |
| Net assets without donor restrictions | $2,190,174 |
| Net assets with donor restrictions | $126,716 |
| 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 | $2,353,211 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lux Center For The Arts has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Dolezal Family Foundation Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $20,000 |
Terpstra Foundation Lincoln, NE PURPOSE: COMMUNITY ART PROGRAMS | $10,000 |
John C & Catherine S@angle Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mosaic Employee Welfare Benefit Plan Trust Omaha, NE | $7,371,640 | $16,223,052 |
Master Craftsmen Foundation Kansas City, MO | $0 | $269 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Midwest Old Settlers And Threshers Assn Inc Mt Pleasant, IA | $5,724,252 | $3,761,020 |
Laumeier Sculpture Park St Louis, MO | $5,586,221 | $2,296,143 |
Craft Alliance St Louis, MO | $3,775,459 | $2,483,894 |
Painting & Decorating Contractors Of America Maryland Heights, MO | $1,053,782 | $1,259,349 |
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |
Studio Arts Boulder Inc Boulder, CO | $3,831,022 | $2,254,756 |