Lexington Arts Association
- Assets
- $283.2k
- Revenue
- $209.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Lexington, SC
- Founding
- 03/1963
- Data as of
- 06/2022
- EIN
- 57-0471671
Organization Overview
Lexington Arts Association is located in Lexington, SC. The organization was established in 1963. 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 06/2022, Lexington Arts Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lexington Arts Association 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, Lexington Arts Association generated $209.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $161.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATIONS PURPOSE IS TO GIVE THE COMMUNITY AN OPPORTUNITY TO PARTICIPATE IN THEATRICAL PRODUCTIONS AND EXPOSE THE COMMUNITY TO CULTURAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ARTS WITHIN THE COMMUNITY
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 |
|---|---|---|---|
Debra Leopard Artistic Director | Trustee | 1 | $5,210 |
Vicky Jackson Board Member | Trustee | 1 | $2,830 |
Merritt Vann Board Member | Trustee | 1 | $1,450 |
Candice Pipkin Board Member | Trustee | 1 | $1,100 |
Vickie Davis Vice President | OfficerTrustee | 1 | $0 |
Kimberly Freeman President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,031 |
| Fundraising events | $12,092 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,601 |
| Total Program Service Revenue | $163,201 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60 |
| 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 | $209,870 |
| 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. | $10,590 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,290 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $750 |
| Advertising and promotion | $4,932 |
| Office expenses | $11,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,414 |
| 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 | $15,766 |
| Insurance | $9,467 |
| All other expenses | $886 |
| Total functional expenses | $161,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,295 |
| Savings and temporary cash investments | $28,954 |
| 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 | $17,124 |
| Net Land, buildings, and equipment | $150,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,178 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $3,960 |
| Deferred revenue | $8,943 |
| 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 | $2,844 |
| Total liabilities | $15,747 |
| Net assets without donor restrictions | $267,431 |
| 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 | $283,178 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lexington Arts Association has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arts Council Incorporated Winston-Salem Arts Council Winstonsalem, NC | $15,705,377 | $2,746,354 |
Chapman Cultural Center Inc Spartanburg, SC | $23,950,821 | $2,123,080 |
North Carolina Humanities Council Charlotte, NC | $2,197,159 | $2,458,418 |
Arts Council Of Fayetteville Fayetteville, NC | $3,779,003 | $2,578,724 |
United Arts Council Of Raleigh And Wake County Inc Raleigh, NC | $1,299,106 | $2,647,753 |
Durham Arts Council Inc Durham, NC | $657,218 | $2,110,368 |
Metropolitan Arts Council Greenville, SC | $3,409,693 | $2,105,516 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC | $1,155,592 | $966,419 |
South Carolina Humanites Council Columbia, SC | $1,135,009 | $1,053,218 |
Yadkin Arts Council Inc Yadkinville, NC | $2,901,879 | $903,830 |
Surry Arts Council Mount Airy, NC | $4,722,347 | $1,678,022 |
Greater Augusta Arts Council Inc Augusta, GA | $394,286 | $813,161 |