Lafayette Art Association
- Assets
- $54.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, LA
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 72-6020860
Organization Overview
Lafayette Art Association is located in Lafayette, LA. The organization was established in 1982. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Art 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 12/2021, Lafayette Art Association generated $21.0k 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 (15.1%) each year. All expenses for the organization totaled $24.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) 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
2021
Describe the Organization's Program Activity:
Part 3
TOPROVIDEAFREEORLOWCOSTVENUEFORTHEDISPLAYANDSALEOFAMATEURARTWORKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Chiqulein Corresponding Secretary | 2 | $0 | |
Dusty Reed Vice President | 2 | $0 | |
Margo Baker Vice President | 2 | $0 | |
Terry Palmer President | 8 | $0 | |
Mary Lacombe Recording Secretary | 8 | $0 | |
Sharon Brotherton Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,920 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,532 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,991 |
| Other Revenue | $0 |
| Total Revenue | $21,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $100 |
| Occupancy, rent, utilities, and maintenance | $19,407 |
| Printing, publications, postage, and shipping | $1,795 |
| Other expenses | $3,105 |
| Total expenses | $24,407 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,971 |
| Other assets | $0 |
| Total assets | $53,971 |
| Total liabilities | $943 |
| Net assets or fund balances | $53,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lafayette Art Association has recieved totaling $5,714.
| Awarding Organization | Amount |
|---|---|
Acadiana Center For The Arts Lafayette, LA | | $5,714 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |