Lawrence Arts Center Inc
- Assets
- $4.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Lawrence, KS
- Founding
- 11/1975
- Data as of
- 07/2021
- EIN
- 48-0825692
Organization Overview
Lawrence Arts Center Inc is located in Lawrence, KS. The organization was established in 1975. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Lawrence Arts Center Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence Arts Center 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 07/2021, Lawrence Arts Center Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH INDIVIDUALS AND THE COMMUNITY BY NURTURING LOVE OF THE ARTS THROUGH EDUCATION, EXPLORATION AND EXPRESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCE EDUCATIONAL PROGRAMS AND PROJECTS TO CHILDREN AND ADULTS TO ENHANCE THEIR UNDERSTANDING AND APPRECIATION OF THE ARTS AND SUPPORT LOCAL ARTISTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margret Weisbrod Morris CEO | 0 | $83,652 | |
Ron Gaches Secretary | OfficerTrustee | 1 | $0 |
David Hollond Treasurer | OfficerTrustee | 1 | $0 |
Chris English Chairman | OfficerTrustee | 1 | $0 |
Ashley All Director | Trustee | 1 | $0 |
Whitney Lang Director | Trustee | 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 | $786,254 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $786,254 |
| Total Program Service Revenue | $1,449,762 |
| Investment income | $813,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,291 |
| 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 | $3,080,758 |
| 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. | $83,652 |
| Compensation of current officers, directors, key employees. | $11,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,255,738 |
| 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 | $63,490 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $103,384 |
| Insurance | $37,438 |
| All other expenses | $307,929 |
| Total functional expenses | $2,772,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,683 |
| Savings and temporary cash investments | $912,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,961 |
| 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 | $69,671 |
| Net Land, buildings, and equipment | $279,202 |
| Investments—publicly traded securities | $2,656,864 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,356,263 |
| Accounts payable and accrued expenses | $35,878 |
| Grants payable | $0 |
| Deferred revenue | $64,978 |
| 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 | $354,971 |
| Total liabilities | $455,827 |
| Net assets without donor restrictions | $2,134,876 |
| Net assets with donor restrictions | $1,765,560 |
| 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 | $4,356,263 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Lawrence Arts Center Inc has recieved totaling $544,814.
| Awarding Organization | Amount |
|---|---|
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL SUPPORT | $323,572 |
Ethel & Raymond F Rice Foundation Lawrence, KS PURPOSE: TOWARD RENT OF SPACE USED FOR A DANCE STUDIO, PERFORMING ARTS, BATHROOM, AND ART GALLERY. | $75,000 |
Kansas Association Of Child Care Resource And Referral Agencies Salina, KS PURPOSE: IMPACT GRANT, SUSTAINABILITY GRANT | $64,644 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $55,000 |
Hankins Foundation Cleveland, OH PURPOSE: GENERAL SUPPORT OF THE ORGANIZATION | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,500 |
Endowment Analysis
| Beg. Balance | $623,361 |
| Earnings | $35,218 |
| Admin Expense | $6,462 |
| Net Contributions | $133,473 |
| Grants | $114,579 |
| Ending Balance | $671,011 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedars Youth Services Inc Lincoln, NE | $3,781,536 | $13,267,342 |
Arvada Center For The Arts And Humanities Arvada, CO | $4,050,578 | $14,173,425 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Applied Information Management Institute Omaha, NE | $8,071,442 | $4,851,557 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
Wichita Art Museum Inc Wichita, KS | $12,198,968 | $4,522,280 |
Association Of American Voices Saint Louis, MO | $696,688 | $3,487,679 |
Mizel Center For Arts And Culture Denver, CO | $1,231,289 | $3,287,968 |
Lawrence Arts Center Inc Lawrence, KS | $4,356,263 | $3,080,758 |
Breckenridge Creative Arts Breckenridge, CO | $2,416,753 | $3,508,124 |
Seriesfest Denver, CO | $743,501 | $1,745,266 |
Sangre De Cristo Arts & Conference Center Inc Pueblo, CO | $10,967,015 | $4,351,020 |