Southwest Arkansas Arts Council Inc
- Assets
- $171.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Hope, AR
- Founding
- 12/1986
- Data as of
- 06/2022
- EIN
- 58-1696390
Organization Overview
Southwest Arkansas Arts Council Inc is located in Hope, AR. The organization was established in 1986. 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, Southwest Arkansas Arts Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Arkansas Arts Council 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, Southwest Arkansas Arts Council Inc generated $75.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $86.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND PROMOTING THE GROWTH AND DEVELOPMENT OF THE ARTS AND HUMANITIES IN SOUTHWEST ARKANSAS THROUGH VARIOUS EDUCATIONAL PROGRAMS, THEATRICAL PERFORMANCES, AND PUBLIC ART PROJECTS.
Describe the Organization's Program Activity:
Part 3
PROGRAM SERIES: THE COUNCIL CONTRACTS WITH PROFESSIONAL PERFORMING ARTISTS FOR PUBLIC CONCERTS AND PREFORMANCES.
ARTS IN EDUCATION: ART, MUSIC, AND DRAMA EDUCATION AND ENTERTAINMENT IS PROVIDED TO AREA SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Honea President | 5 | $0 | |
Rodney Steele 2nd Vice Pres | 5 | $0 | |
Judy Vaughan Secretary | 5 | $0 | |
Anna Powell 1st Vice Pres | 5 | $0 | |
Glenda Clark Director | 0 | $0 | |
Jason Campbell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,969 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,429 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,398 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,669 |
| Professional fees and other payments to independent contractors | $2,970 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,244 |
| Other expenses | $54,190 |
| Total expenses | $86,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,081 |
| Other assets | $0 |
| Total assets | $171,561 |
| Total liabilities | $18,466 |
| Net assets or fund balances | $153,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southwest Arkansas Arts Council Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Bancorpsouth Foundation Irrv Tr Tupelo, MS PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Arts Memphis Memphis, TN | $27,136,198 | $4,849,435 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Acadiana Center For The Arts Lafayette, LA | $2,214,037 | $2,734,982 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Arts Council Of New Orleans New Orleans, LA | $1,809,882 | $2,444,435 |
Arts Council Of Greater Baton Rouge Inc Baton Rouge, LA | $4,710,204 | $2,512,753 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Civic Lubbock Inc Lubbock, TX | $2,399,838 | $1,804,264 |
Artpace Inc San Antonio, TX | $4,747,624 | $2,060,315 |