Basin Arts
- Assets
- $68.9k
- Revenue
- $193.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Lafayette, LA
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 82-3669789
Organization Overview
Basin Arts is located in Lafayette, LA. The organization was established in 2018. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Basin Arts employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basin Arts 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, Basin Arts generated $193.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $191.8k during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 6 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
BASIN ARTS CREATES OPPORTUNITIES FOR ARTISTIC EXPRESSION ACROSS GENERATIONS AIMED AT ENHANCING THE ARTISTIC IDENTITY OF THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIN ARTS PROVIDED LOW COST VISUAL ARTS AND DANCE CLASSES TO THE ACADIANA COMMUNITY. STUDENTS RECEIVED INSTRUCTION FROM PROFESSIONAL LEVEL DANCE AND ART INSTRUCTORS. BASIN ARTS OFFERS A WIDE VARIETY OF DANCE CLASSES THAT HELP WITH PHYSICAL EXPRESSION. BASIN ARTS PROVIDED CLASSES THAT BROUGHT IN OVER $24,000 IN REVENUE.
BARE WALLS PROVIDES AN AFFORDABLE WAY FOR BUSINESSES TO FILL UP THEIR EMPTY WALLS WITH ART FROM LOCAL ARTISTS. THIS PROGRAM PROVIDES SUPPORT TO LOCAL ARTISTS BY PROVIDING THEM WITH RESIDUAL INCOME TO SUPPORT THEIR CREATIVE MINDS. THE BARE WALLS PROGRAM PROVIDED ART TO BUSINESSES AND RAISED OVER $49,000 IN REVNEUE.
BASIN ARTS RENTAL PROGRAM PROVIDES A SPACE FOR ARTISTS TO EXPRESS THEMSELVES. BASIN ARTS ALLOWS ARTISTS IN THE COMMUNITY TO RENT OUT THE DANCE SPACE AND ART SPACE FOR THEIR CREATIVE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Cook Director | OfficerTrustee | 40 | $3,000 |
Johanna Divine Treasurer | OfficerTrustee | 1 | $0 |
Paul Kieu President | OfficerTrustee | 1 | $0 |
Ross Roubion Secretary | OfficerTrustee | 1 | $0 |
Erica Fox Member | Trustee | 1 | $0 |
Ji Daily Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,839 |
| Total Program Service Revenue | $98,304 |
| Investment income | $2 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,160 |
| 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. | $3,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,966 |
| Advertising and promotion | $2,263 |
| Office expenses | $13,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,500 |
| Travel | $391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $798 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018 |
| Insurance | $2,729 |
| All other expenses | $6,015 |
| Total functional expenses | $191,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,579 |
| Savings and temporary cash investments | $18,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,278 |
| 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 | $8,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,893 |
| Accounts payable and accrued expenses | $9,799 |
| 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 | $0 |
| Total liabilities | $9,799 |
| Net assets without donor restrictions | $59,094 |
| 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 | $68,893 |