Lincoln Arts Council
- Assets
- $540.5k
- Revenue
- $645.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Lincoln, NE
- Founding
- 05/1968
- Data as of
- 10/2022
- EIN
- 47-6046691
Organization Overview
Lincoln Arts Council is located in Lincoln, NE. The organization was established in 1968. 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 10/2022, Lincoln Arts Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Arts Council 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 10/2022, Lincoln Arts Council generated $645.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $537.2k during the year ending 10/2022. While expenses have increased by 9.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ART/CULTURE IN LINCOLN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AWARENESS AND APPRECIATION FOR COMMUNITY'S ARTS
ANNUAL EVENT HELD TO SPONSOR ARTISTS AND PROVIDE A JURIED ARTS VENUE FOR THE COMMUNITY
RECOGNIZE ARTISTIC EXCELLENCE AND OUTSTANDING SUPPORT OF THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Gagner Executive Di | Officer | 40 | $61,787 |
Amanda Baron President | OfficerTrustee | 2 | $0 |
Barbara Baier Secretary | OfficerTrustee | 1 | $0 |
Tom Massey Interim Trea | OfficerTrustee | 1 | $0 |
John Badami Director | Trustee | 1 | $0 |
Edgar Bumanis Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $49,878 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,429 |
| Total Program Service Revenue | $276,736 |
| Investment income | $3,953 |
| 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 | $645,118 |
| 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. | $64,616 |
| Compensation of current officers, directors, key employees. | $22,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,508 |
| Payroll taxes | $20,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,229 |
| Advertising and promotion | $13,113 |
| Office expenses | $25,329 |
| Information technology | $2,486 |
| Royalties | $235 |
| Occupancy | $13,567 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,731 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $537,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,510 |
| Savings and temporary cash investments | $523,180 |
| 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 | $3,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,547 |
| Accounts payable and accrued expenses | $657 |
| 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 | $657 |
| Net assets without donor restrictions | $345,192 |
| Net assets with donor restrictions | $194,698 |
| 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 | $540,547 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lincoln Arts Council has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Terpstra Foundation Lincoln, NE PURPOSE: SUPPORT COMMUNITY | $15,000 |
Dolezal Family Foundation Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Rogers Foundation Lincoln, NE PURPOSE: CHARITABLE | $10,000 |
John C & Catherine S@angle Charitable Trust Lincoln, NE PURPOSE: GENERAL CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western States Arts Federation Denver, CO | $9,116,686 | $6,773,845 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Nebraska Humanities Council Lincoln, NE | $300,556 | $1,742,597 |
Loveland High Plains Arts Council Inc Loveland, CO | $824,395 | $2,062,390 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Pottawattamie Arts Culture & Entertainment Council Bluffs, IA | $21,175,917 | $2,201,183 |
Union For Contemporary Art Inc Omaha, NE | $4,100,351 | $2,843,847 |
Carbondale Arts Carbondale, CO | $1,686,632 | $896,184 |
Center For The Arts Evergreen Inc Evergreen, CO | $2,992,838 | $1,152,222 |
Arts Engagement Foundation Of Kansas City Kansas City, MO | $233,630 | $461,248 |