Explore Lawrence Inc is located in Lawrence, KS. The organization was established in 2016. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Explore Lawrence Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Lawrence Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Explore Lawrence Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $740.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMY OF LAWRENCE AND DOUGLAS COUNTY, KANSAS THROUGH INTERPRETATION OF THE AREA'S HERITAGE AND PROMOTION OF TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kimberlee Anspach CFO | Officer | 40 | $74,062 |
Danny Caine Tourism Indstry | Trustee | 0 | $0 |
Jamie Hays Szelc Sports/rec | Trustee | 0 | $0 |
Peter Bobkowski Loan Univ/educ | Trustee | 0 | $0 |
Ivan Simiac Hotel | Trustee | 0 | $0 |
Stuart Boley Exofficio City | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $12,000 |
Government grants | $1,099,570 |
All other contributions, gifts, grants, and similar amounts not included above | $23,316 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,134,886 |
Total Program Service Revenue | $0 |
Investment income | $1,647 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $2,650 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,139,183 |
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. | $74,062 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $217,162 |
Pension plan accruals and contributions | $10,795 |
Other employee benefits | $29,266 |
Payroll taxes | $23,812 |
Fees for services: Management | $0 |
Fees for services: Legal | $853 |
Fees for services: Accounting | $13,305 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $209,567 |
Office expenses | $9,866 |
Information technology | $35,269 |
Royalties | $0 |
Occupancy | $43,573 |
Travel | $7,545 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $6,676 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,359 |
Insurance | $10,199 |
All other expenses | $3,400 |
Total functional expenses | $740,949 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $258,008 |
Savings and temporary cash investments | $519,153 |
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 | $0 |
Net Land, buildings, and equipment | $91,098 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,100 |
Total assets | $871,359 |
Accounts payable and accrued expenses | $15,976 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $163,436 |
Total liabilities | $179,412 |
Net assets without donor restrictions | $691,947 |
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 | $871,359 |
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