Dr Rodney R Lafon Performing Arts Center Endowment Fund
- Assets
- $2.4m
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Luling, LA
- Founding
- 08/2019
- Data as of
- 06/2020
- EIN
- 83-2402559
Organization Overview
Dr Rodney R Lafon Performing Arts Center Endowment Fund is located in Luling, LA. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Dr Rodney R Lafon Performing Arts Center Endowment Fund 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 06/2020, Dr Rodney R Lafon Performing Arts Center Endowment Fund generated $600.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.4%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE OPERATIONS OF THE DR. RODNEY R. LAFON PERFORMING ARTS CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE OPERATIONS OF THE DR. RODNEY R. LAFON PERFORMING ARTS CENTER.
TO SUPPORT THE OPERATIONS OF THE DR. RODNEY R. LAFON PERFORMING ARTS CENTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Suffrin President | OfficerTrustee | 0.08 | $0 |
Robert Fisher Secretary | OfficerTrustee | 0.08 | $0 |
Stephanie Gullage Treasurer | OfficerTrustee | 0.08 | $0 |
Rochelle Touchard Vice President | OfficerTrustee | 0.08 | $0 |
Rosemary Sanders Board Member | Trustee | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,000 |
| Investment income | $0 |
| 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 | $600,000 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $2,444,971 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,941 |
| Total assets | $2,448,912 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,448,912 |
Endowment Analysis
| Beg. Balance | $2,026,863 |
| Earnings | -$129,366 |
| Admin Expense | $13,585 |
| Net Contributions | $600,000 |
| Other Expense | $35,000 |
| Ending Balance | $2,448,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Art Association Endowment Foundation Fort Worth, TX | $167,745,649 | $12,496,724 |
The Hobby Center Foundation Houston, TX | $78,248,185 | $8,249,942 |
Admiral Nimitz Foundation Fredericksburg, TX | $24,328,747 | $7,231,861 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Houston Symphony Endowment Houston, TX | $87,456,110 | $3,071,634 |
Houston Grand Opera Endowment Inc Houston, TX | $94,842,059 | $24,478,386 |
Legacy Senior Communities Inc Dallas, TX | $477,080 | $1,747,391 |
Friends Of The Corpus Christi Museum Of Science And History Corpus Christi, TX | $443,852 | $2,592,958 |
Miller Theatre Advisory Board Inc Houston, TX | $3,086,117 | $2,295,779 |
Mpa Foundation Fort Worth, TX | $50,385,211 | $15,847 |
Mpb Foundation Jackson, MS | $2,987,587 | $1,895,017 |
San Antonio Public Library Foundation San Antonio, TX | $9,076,203 | $1,818,994 |