The Lafayette Society Forperforming Arts Inc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Lagrange, GA
- Founding
- 01/1981
- Data as of
- 06/2023
- EIN
- 58-1415019
Organization Overview
The Lafayette Society Forperforming Arts Inc is located in Lagrange, GA. The organization was established in 1981. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Lafayette Society Forperforming Arts Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Society Forperforming 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 06/2023, Lafayette Society Forperforming Arts Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, CULTIVATE, NURTURE AND ENHANCE THE PERFORMING ARTS EXPERIENCES FOR ALL TROUP COUNTY RESIDENTS. LAFAYETTE SOCIETY FOR PERFORMING ARTS, INC (LSPA) ACCOMPLISHES THIS THROUGH MANAGERIAL, PROMOTIONAL AND FINANCIAL SUPPORT TO NUMEROUS LOCAL PERFORMING ARTS COMPANIES, IN ORDER TO PROVIDE ARTISTIC TRAINING AND PERFORMING OPPORTUNITIES FOR AREA TALENT. ADDITIONALLY, THROUGH ITS ARTISTIC COMPANIES, LSPA DELIVERS A WIDE VARIETY OF HIGH QUALITY PERFORMANCE BASED PRESENTATIONS FOR THE ENJOYMENT OF THE COMMUNITY AT LARGE, AS WELL AS PROMOTING AND FOSTERING A HIGHER APPRECIATION FOR THE PERFORMING ARTS IN WEST CENTRAL GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAFAYETTE CENTER FOR DANCE (LCD) AND LAFAYETTE BALLET COMPANY (LBC) WAS ESTABLISHED TO PROVIDE DANCE INSTRUCTION IN A VARIETY OF DANCE FORMS, CREATE A BALLET COMPANY, AND PROVIDE HIGH QUALITY BALLET PRODUCTIONS FOR THE COMMUNITY AT LARGE. THE ACADEMY UTILIZES LOCAL AND REGIONAL DANCERS AND INSTRUCTORS AS WELL AS LOCALLY TRAINED DANCERS. THE ACADEMY USES LOCAL DESIGNERS, SET BUILDERS, DIRECTORS, WARDROBE, AND PUBLICITY. THE AUDIENCES RANGE FROM 1,400 - 2,000 FOR ALL SHOWINGS.
AZALEA STORYTELLING FESTIVAL: 54,644 LAFAYETTE THEATER COMPANY: 47,701
YOUNG SINGERS OF WEST GEORGIA WAS ESTABLISHED TO PROVIDE VOCAL INSTRUCTION TO YOUTH AND TO PROVIDE HIGH QUALITY CHORAL PERFORMANCES FOR THE COMMUNITY AT LARGE.
THE GOAL OF THE LAFAYETTE THEATRE ACADEMY (LTA) IS TO PROVIDE A SAFE AND SUPPORTIVE ENVIRONMENT FOR STUDENTS, OF ALL AGES, TO EXPRESS THEIR INDIVIDUALITY AND CREATIVITY, WHILE GAINING THE KNOWLEDGE AND DEVELOPING THE SKILLS NECESSARY TO SUCCEED IN ALL AREAS OF THE THEATRICAL ARTS. THE LAFAYETTE THEATRE ACADEMY WILL CONTINUOUSLY DEVELOP WAYS FOR ITS STUDENTS TO USE THEIR TRAINING, THROUGH ACADEMY PRODUCTIONS AND COORDINATION WITH THE PERFORMING ARTS ORGANIZATIONS, UNDER THE UMBRELLA OF LSPA. THE EDUCATION RECEIVED THROUGH THE LAFAYETTE THEATRE ACADEMY WILL EXTEND BEYOND THE STAGE, BENEFITTING STUDENTS SOCIALLY, ACADEMICALLY, AND PROFESSIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Vice Executive Di | Officer | 40 | $80,005 |
Sharon Alford Director | Trustee | 1 | $0 |
Karishma Bakshani Director | Trustee | 1 | $0 |
Clara Keith Brown Director | Trustee | 1 | $0 |
Munira Fidahussein Director | Trustee | 1 | $0 |
James Goodlet 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 | $498,897 |
| Noncash contributions included in lines 1a–1f | $50,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $498,897 |
| Total Program Service Revenue | $548,201 |
| Investment income | $7,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,233,901 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $486,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,585 |
| Advertising and promotion | $8,064 |
| Office expenses | $15,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,737 |
| Travel | $14,925 |
| 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 | $27,350 |
| Insurance | $16,757 |
| All other expenses | $84,324 |
| Total functional expenses | $1,037,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,278 |
| Savings and temporary cash investments | $25,551 |
| Pledges and grants receivable | $1,519 |
| Accounts receivable, net | $6,657 |
| 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 | $25,044 |
| Net Land, buildings, and equipment | $453,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,163,750 |
| Accounts payable and accrued expenses | $11,415 |
| Grants payable | $0 |
| Deferred revenue | $76,624 |
| 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 | $88,039 |
| Net assets without donor restrictions | $1,049,820 |
| Net assets with donor restrictions | $25,891 |
| 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 | $1,163,750 |