Lagrange Art Museum Inc
- Assets
- $1.4m
- Revenue
- $493.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Lagrange, GA
- Founding
- 06/1966
- Data as of
- 12/2023
- EIN
- 58-6045805
Organization Overview
Lagrange Art Museum Inc is located in Lagrange, GA. The organization was established in 1966. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Lagrange Art Museum Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange Art Museum 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 12/2023, Lagrange Art Museum Inc generated $493.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $459.8k during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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 PROVIDE CULTURAL ENHANCEMENT TO THE LOCAL COMMUNITY THROUGH ART, TO CONDUCT ART CLASSES, AND TO ADMINISTER SPECIAL PROJECTS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION - THE MUSEUM ARRANGES EXHIBITS OF THE WORKS OF VARIOUS ARTISTS FOR VIEWING BY THE COMMUNITY. THE MUSEUM HAS A PERMANENT COLLECTION BUT ALSO DISPLAYS ART ON LOAN FROM OTHER MUSEUMS AND COLLECTORS. THERE WERE 7,706 VISITORS IN 2023. THE CORNER SIGNAGE AND THE CENTER FOR CREATIVE LEARNING MURAL WERE EXPOSED TO APPROXIMATELY 65,000 VEHICLES ACCORDING TO GEORGIA TRAFFIC STATISTICS.
EDUCATION OUTREACH - THE MUSEUM SPONSORS ADULT AND CHILDREN ART CLASSES AND SUMMER CAMPS IN AN EFFORT TO EXPOSE THE COMMUNITY TO ART. THE ORGANIZATION HIRES INSTRUCTORS TO LEAD PARTICIPANTS THROUGH THE TECHNIQUES OF CREATING VARIOUS FORMS OF ART INCLUDING PAINTING, DRAWING, SCULPTURE, PHOTOGRAPHY, AND MIXED MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Oliver Executive Di | Officer | $55,350 | |
Laura Jennings Former Execu | Officer | 40 | $42,409 |
Ethyl Ault Past Preside | OfficerTrustee | 1 | $0 |
Carla Collins Secretary | OfficerTrustee | 1 | $0 |
Beth Hudson Board Member | Trustee | 1 | $0 |
Michael Hutcheson Board Member | 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 | $419,975 |
| Noncash contributions included in lines 1a–1f | $119,316 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,975 |
| Total Program Service Revenue | $72,928 |
| Investment income | $67 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,622 |
| 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 | $105,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,529 |
| Office expenses | $8,758 |
| Information technology | $3,160 |
| Royalties | $0 |
| Occupancy | $126,265 |
| Travel | $624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,820 |
| Interest | $10,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,503 |
| Insurance | $17,737 |
| All other expenses | $29,080 |
| Total functional expenses | $459,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,250 |
| 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 | $1,794 |
| Net Land, buildings, and equipment | $789,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $502,327 |
| Total assets | $1,423,766 |
| Accounts payable and accrued expenses | $1,976 |
| 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 | $168,337 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $170,313 |
| Net assets without donor restrictions | $821,359 |
| Net assets with donor restrictions | $432,094 |
| 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 | $1,423,766 |