Live Arts Inc
- Assets
- $1.3m
- Revenue
- $991.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Charlottesville, VA
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 54-1527799
Organization Overview
Live Arts Inc is located in Charlottesville, VA. The organization was established in 1990. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Live Arts Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live 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 06/2022, Live Arts Inc generated $991.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $947.4k during the year ending 06/2022. 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
TO FORGE THEATER AND COMMUNITY SINCE 1990.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE ANCHOR TENANT IN A FOUR-STORY PERFORMANCE SPACE IN THE HEART OF DOWNTOWN CHARLOTTESVILLE, LIVE ARTS IS A HUB FOR CREATIVITY, THEATER EDUCATION, AND COMMUNITY CONNECTION. EACH YEAR, WE PRESENT A COMPELLING SEASON OF PLAYS AND MUSICALS. WE WELCOME STUDENTS OF ALL AGES TO OUR YEAR- ROUND CLASSES AND WORKSHOPS, OFFER TEEN PLAYWRITING PROGRAMS, AND RUN YOUTH SUMMER CAMPS THAT INTRODUCE YOUNG ARTISTS TO ALL ASPECTS OF THE THEATER. WE SUPPORT THE DEVELOPMENT OF LOCAL WORKS AND PROVIDE RESOURCES FOR VOLUNTEER-LED GROUPS INCLUDING A PLAYWRITING LAB, SCRIPT READING GROUP, AND COSTUME AND SCENIC GUILDS. AND FOR MORE THAN TWO DECADES, WE HAVE PROVIDED TECH SUPPORT TO HIGH SCHOOL AND COLLEGE THEATER COMPANIES PERFORMING IN SCOTLAND AT THE EDINBURGH FESTIVAL FRINGE. POWERED BY MORE THAN 1,200 VOLUNTEERS, WE ARE A NATIONAL MODEL FOR ENGAGED COMMUNITY THEATER. FOR MORE THAN THREE DECADES, WE'VE DEDICATED OURSELVES TO THE MISSION OF "FORGING THEATER AND COMMUNITY" IN CHARLOTTESVILLE, VIRGINIA. OUR ENGAGEMENT IN LOCAL COMMUNITIES RUNS DEEP, AND WE HAPPILY ATTRACT PARTICIPANTS AND AUDIENCES FROM ACROSS CENTRAL VIRGINIA. WE'RE KNOWN FOR EXCEPTIONALLY HIGH CALIBER PRODUCTIONS THAT REFLECT THE REMARKABLE TALENT OF OUR VOLUNTEER ACTORS AND PRODUCTIONS TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Hunter Executive Di | Officer | 40 | $80,049 |
Beverly Adams Director | Trustee | 2 | $0 |
Deborah Arenstein Director | Trustee | 2 | $0 |
Molly Bloom Director | Trustee | 2 | $0 |
Johanna Castleman Director | Trustee | 2 | $0 |
Ernest Chambers Director | Trustee | 2 | $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 | $700,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,327 |
| Total Program Service Revenue | $196,626 |
| Investment income | $4,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,480 |
| Net Gain/Loss on Asset Sales | $6,277 |
| Net Income from Fundraising Events | $9,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,716 |
| 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. | $89,861 |
| Compensation of current officers, directors, key employees. | $22,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,857 |
| Payroll taxes | $49,243 |
| 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 | $0 |
| Advertising and promotion | $16,380 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,507 |
| Travel | $412 |
| 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 | $39,683 |
| Insurance | $11,531 |
| All other expenses | $35,879 |
| Total functional expenses | $947,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,764 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,289 |
| 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 | $29,012 |
| Net Land, buildings, and equipment | $848,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $298,920 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,337,450 |
| Accounts payable and accrued expenses | $18,584 |
| Grants payable | $0 |
| Deferred revenue | $117,826 |
| 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 | $2,615 |
| Total liabilities | $139,025 |
| Net assets without donor restrictions | $1,101,825 |
| Net assets with donor restrictions | $96,600 |
| 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 | $1,337,450 |