Lime Kiln Arts Inc
- Assets
- $506.6k
- Revenue
- $465.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, VA
- Founding
- 05/1985
- Data as of
- 12/2022
- EIN
- 52-1269538
Organization Overview
Lime Kiln Arts Inc is located in Lexington, VA. The organization was established in 1985. According to its NTEE Classification (A65) the organization is classified as: Theater, 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. Lime Kiln Arts 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 12/2022, Lime Kiln Arts Inc generated $465.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $487.8k during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 5 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
LIME KILN ARTS, INC., (HEREINAFTER LIME KILN THEATER OR LIME KILN) IS A NON-PROFIT ORGANIZATION THAT ENRICHES THE COMMUNITY'S CULTURE BY PRODUCING AND PRESENTING THE ARTS IN OUR UNIQUE HISTORIC SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC CONCERTS AND THEATER PLAYS HOSTED DURING THE SUMMER SEASON, FEATURING A VARIETY OF ARTISTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Mcelroy Executive Di | Officer | 20 | $64,640 |
Thom Gill President | OfficerTrustee | 1 | $0 |
Margaret Mcclintock Vice Preside | OfficerTrustee | 1 | $0 |
Natalie Garvis Former Treas | OfficerTrustee | 1 | $0 |
Chuck Smith Secretary | OfficerTrustee | 1 | $0 |
Chuck Barger Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,628 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,235 |
| Noncash contributions included in lines 1a–1f | $3,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,863 |
| Total Program Service Revenue | $263,537 |
| Investment income | $77 |
| 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 | $34,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,972 |
| 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. | $116,948 |
| Compensation of current officers, directors, key employees. | $35,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,500 |
| Payroll taxes | $4,220 |
| Fees for services: Management | $31,475 |
| Fees for services: Legal | $1,436 |
| Fees for services: Accounting | $8,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,852 |
| Advertising and promotion | $14,575 |
| Office expenses | $8,139 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,740 |
| 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 | $38,908 |
| Insurance | $6,196 |
| All other expenses | $18,589 |
| Total functional expenses | $487,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,639 |
| Savings and temporary cash investments | $97,784 |
| Pledges and grants receivable | $7,000 |
| 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 | $4,859 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $159,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,754 |
| Other assets | $800 |
| Total assets | $506,639 |
| Accounts payable and accrued expenses | $10,805 |
| 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 | $3,598 |
| Total liabilities | $14,403 |
| Net assets without donor restrictions | $492,236 |
| Net assets with donor restrictions | $0 |
| 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 | $506,639 |